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Austerity in the EU: How European bureaucrats serve America's economic interests

Austerity in the EU: How European bureaucrats serve America's economic interests
sott.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sott.net Daily Mail and Mail on Sunday newspapers.

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The economy's ability to repay the exponentially rising debt does not keep pace with this growth of debt. That makes a collapse inevitable. – Investment Watch

The economy's ability to repay the exponentially rising debt does not keep pace with this growth of debt. That makes a collapse inevitable. – Investment Watch
investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.

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Documentary Of The Week: Michael Hudson On Debt And Power

Written by John LounsburyMichael Hudson sees a future with serious economic dislocations because of excessive private debt that cannot be repaid. Throughout much of history before the 14th century excessive private debt was resolved with debt Jubilees wherein all private debts were cancelled. This happened on a recurring basis in many civilizations past. Debtors were saved from financial serfdom and yet lenders survived to lend again. ....

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