Top Comment on Part 1:
If the lenders are forced to keep their assets (contracts) in old currency, and the borrowers allowed to convert their assets (cash) into new currency, then the logical outcome will simply be to raise interest rates on the loans to match the devaluation of the old currency against the new currency, probably a little more to cover bad loans. The only winners will be those holding real assets and not carrying debt. The other possibility would be for the lenders to call in the loans where they can as soon as they get wind of the coming change. I don’t believe the man on the street will ever benefit from the change. He will be sold a lie, and he will buy it, like he always does, because if the common man were able to understand how the system works, the system would cease to exist overnight.
Part 1
Part 2
AC