Wholesale credit writedowns! That's the ticket.

"It is not necessary to have hope in order to persevere."

Noooo! Creditors are good, Virtuous people! You can't possibly act against them in any way! That would be immoral and illegal, those who default should go to court and jail and suffer, because governments are just like 19th century families!

Peak oil is not an energy crisis. It is a liquid fuel crisis.