“…will one day forcibly be forced out into the daylight anyway, and kill the banks that hold it. “
If it’s not being forced into the daylight now, why will it be in the future and who will be doing the ‘forcing’ if it does? Can’t we just continue kicking the can until we can’t anymore at which point noone will have the luxury, due to massive system collapse, of caring about debt and who holds it.
Seems appropriate to the discussion: