The average outstanding loan per agricultural household increased 57.7 per cent to Rs 74,121 in 2018 compared with Rs 47,000 five years ago in 2013, … Average debt of farm households up 57% in five years till 2018Read more
Debt
EU to debt-fuelled stagnation
Angela Merkel’s tenure will be remembered as Germany’s, and Europe’s, cruelest paradox. On the one hand, she dominated the continent’s politics like no other peacetime … EU to debt-fuelled stagnationRead more
Over half of farm households still under debt
More than half of India’s agricultural households were in debt, with an average outstanding of Rs 74,121, according to the latest ‘Situation Assessment of Agricultural … Over half of farm households still under debtRead more
Dream House, Nightmare Mortgage
You’re saying “our resilience”. Who is the “we” here? For the central bank, the “we” is their clients, the commercial banks, and their role in … Dream House, Nightmare MortgageRead more
US National Debt Passes $28 Trillion
It finally happened, that glorious moment, when, after teetering on the verge for weeks – for reasons we’ll get into shortly – the incredibly spiking … US National Debt Passes $28 TrillionRead more
International lending is not required
[youtube https://www.youtube.com/watch?v=6288YPnqPhE&rel=0&feature=relmfu] Richard Werner at the Rhodes Forum 2015
Debtors’ prisons on the rise as COVID-19 ravages the southern United States
On July 6, 55-year-old Charles Anderson spent his last day in Marion County Jail. He was arrested 28 days prior for unpaid debts regarding his … Debtors’ prisons on the rise as COVID-19 ravages the southern United StatesRead more
Student Debt Dogs Millennials for a Lifetime
[youtube https://www.youtube.com/watch?v=iQlBLrSNbPU&rel=0&feature=relmfu] Ellen Brown
One in three college students is food insecure in the United States
Since the onset of the pandemic, food insecurity has skyrocketed throughout the United States. One of the hardest hit segments of the population has been … One in three college students is food insecure in the United StatesRead more
Public debt — the untold story
Like the 2008 global financial crisis before it, in the wake of the Covid-19 pandemic an all too predictable phenomena has emerged. Whenever new public … Public debt — the untold storyRead more