[Chrysalis]

in affect it will never go down to 0. The problem been inflation means the value of money is constantly going down, to counter that money is created (credit), but this then causes more inflation. Think back to the 70s when the baby boomers were buying their first houses, they inflated their way out of debt as they lived through periods of high wage inflation so then their mortgages became very easy to pay off, some discussions I have had with my dad in the past ho whe likes to say how harrd it was in the 70s but he admits that paying the mortgage in the late 80s and 90s was very easy as it was small with modern wages. If the level of debt remained static but income goes up with inflation then the debt is then been inflated away.