I think a most important point you bring to light is that THEIR MONEY WILL NOT BE WORTH ANYTHING. If one has had the foresight to obtain their "own money" (by being their own central bank) in the form of tangible assets like bullion or the new crypto-currency, it will always be worth something. One can trade property or bullion for things of value (food and fuel). Whereas, one can have a pocket full of 100 dollar bills that no one will accept because they no longer carry value. Paper money (fiat currency) is a promise of exchange value which can be traded in commerce. A tradable contract. The value can disappear if the promise of a certain amount of exchange value cannot be fulfilled. Yes, this WILL be on a "global scale" due to the way the central banks, no matter where they are, are all linked and if one goes down, they all have a chance to follow after. What is happening is not unlike when people pay one of their credit cards using the available balance from another credit card, until they have no more capital. Am I starting to catch on...??? Is this a good understanding...??? I am starting to wonder what I have around the house that I can use for barter. Seriously, I wonder, "What do I have, in my possession, to trade for food and fuel if it becomes necessary?" Will the powers that be try more jiggery-pokery to make world-wide debt go away? It won't because there must a be a day of reckoning for the debt to be satisfied but as you have said all along this debt will be paid for by the already poor. The poor are easily controlled. Just say I walked into a third world slum and bought a child to be my housekeeper. Think the parents would sell me one? Probably would if they were desperate enough. I imagine it happens more often than people think.