@iwrats - your Zimbabwean trillion dollar note made me smile.
This has unintended consequences - expect wealth / money (whatever that is) will be hidden away off shore or converted into something else. Bitcoin is a fad - yes?
3) Pass legislation putting a freeze on the required repayment of all bank loans, mortgages, leases, credit card obligations and similar liabilities. At the same time guarantee funding to banks to ensure their survival, but on the condition that they are nationalised immediately without compensation: every single bank is now, in any case, effectively insolvent;
I have a mortgage due to come off covered by someone working at ski centre. If I think I might not get paid by one then not paying the other becomes attractive. Lots of people in a chain of payments will be thinking similar scenarios.