Print enough money to pay off the debts, then return to the gold standard.
That's what Zimbabwe and Venezuela both did. When you print money to pay off the debts, you get hyper-inflation. Like, literally hundreds of thousands of percent per annum. Changing currencies doesn't work.
So how does it work when the US national debt is about three times the value of all the gold in the world?
That's what Zimbabwe and Venezuela both did. When you print money to pay off the debts, you get hyper-inflation. Like, literally hundreds of thousands of percent per annum. Changing currencies doesn't work.
Printing money to give to people doesn't result in hyper-inflation?