“Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the … The Federal Debt Trap: Issues and Possible SolutionsRead more
Debt
Posted inUncategorized
On Debt Parasites
We’re told that debt forgiveness is impossible, because all debts must be paid, and to do the opposite is to invite anarchy and chaos. But … On Debt ParasitesRead more
Posted inUncategorized
Debt crisis looms for climate vulnerable countries
Climate-vulnerable countries across the Global South are facing a vicious climate-public debt cycle. As the world heats up, they will suffer most. Central banks and … Debt crisis looms for climate vulnerable countriesRead more
Posted inUncategorized
A widow struggling to repay loans from private moneylenders
Chitempally Parameshwari often feels like running away. “But, I can’t leave my children. They have only me,” the 30-year-old mother says. Parameshwari’s husband, Chitempally Kamal … A widow struggling to repay loans from private moneylendersRead more
Posted inUncategorized
Resisting the Debt System
The combination of the pandemic, sharp global recession, inflation, and interest rate hikes by central banks has triggered a new debt crisis throughout the Global … Resisting the Debt SystemRead more
Posted inUncategorized
The history of debt forgiveness
https://mf.b37mrtl.ru/files/2018.12/5c160199dda4c843228b4650.mp4 Michael Hudson On Contact
Posted inUncategorized
Solving the Debt Crisis the American Way
On Friday, Jan. 13, Treasury Secretary Janet Yellen wrote to Congress that the U.S. government will hit its borrowing limit on Jan. 19, forcing the … Solving the Debt Crisis the American WayRead more
Posted inUncategorized
Foreign debt is a mechanism of dominance
Adolfo Perez Esquivel The World Today with Tariq Ali – Argentina Blues
Posted inUncategorized
Banks Recover only 13% of Rs 10 Lakh Crore Loans Written off in Last 5 Years
Banks have recovered only 13% of a staggering amount of loans worth more than Rs 10 lakh crore loans written off in the last five … Banks Recover only 13% of Rs 10 Lakh Crore Loans Written off in Last 5 YearsRead more