>Pyramid scheme - stage overgrown!
>At this stage infinite growth theory does work... ahem on the public debt side only. It will last as long as the rest of the world is ready (or forced) to tolerate/suck up those debts one way or another. But how long can all this last ? It could take just one more Lehman style bankruptcy (JP Morgan for instance) to bring world financial system crumbling/crushing down.
And you say that based on some economic theory? A number of things, which were just about the same size of a disaster, have already happened and didn't cause anything worse than inventing more imaginary money (i.e. robbing everybody equally), in form of overt and covert bailouts, haircuts and other things which became normal within the week they were invented.
This is a planned, or command, or agreement (dogovorna) economy. Anything goes if the guys say so.
>After that there will be no even cakes left to feed French poor.
If the guys say so. Unless people start growing their own food.