debts cannot be repaid
How can you say “The debt cannot be repaid in real terms” AND “The only way the debt can be repaid” in one paragraph?
The debts cannot indeed ever be repaid, because they always grow faster than he GDP due to interest. The debt hockeystick must always be steeper than the one for economic growth. That is the inevitable consequence of a debt based financial and monetary system.
“To correct the underlying financial inequality”, there is only one solution: cancel all the debts, and start again with a brand new sustainable economy……. Now THAT, the financial institutions would love! 😉