Europe’s Dream Of Safe Assets to Rival Treasuries Gets Boost
A European benchmark is also seen as a key part of Europe’s ambition to challenge the dollar’s global dominance, and boost the role of the euro as an international reserve currency.
Tag: Debt
The Real Economic Problem Is Not the Closedown
The Real Economic Problem Is Not the Closedown
The danger in the shouting and finger-pointing is that a sick economy will be blamed on the closedown, not on the debt burden. Reopening the economy does not make the debt burden disappear. Michael Hudson and I have tried to focus the public and policymakers on the real problem. So far we have been unsuccessful.
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$250 trillion debt burden weighs on global economy in 2020
Concerns about global debt are heightening from the office of World Bank President, David Malpass, as the obligations exceeded a $250 trillion mark in 2019.
— Read on t.guardian.ng/business-services/250-trillion-debt-burden-weighs-on-global-economy-in-2020/
Media and Politicians Ignore Oncoming Financial Crisis
Debt Slavery – Why It Destroyed Rome, Why It Will Destroy Us Unless It’s Stopped
Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into their camp” and usher in democracy, within which an oligarchy emerges once again, followed by aristocracy, democracy, and so on throughout history.
— Read on www.counterpunch.org/2011/12/02/debt-slavery-why-it-destroyed-rome-why-it-will-destroy-us-unless-its-stopped/
Ms. Cat’s Chronicles 