People want the world to be a better place. We ask each other questions like, “If you were ruler of the universe, what would you do?” FOLLOW THE MONEY When I’m asked what I would do, I find myself going back to slogans I’ve used in Green Party campaigns. The first was “Follow the Money.” […]
We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have ever been. As economist Michael Hudson writes in his […]
Potentially BIG BIG BIG news out of Canada today: 'It's crazy': Chase Bank forgiving all debt owed by its Canadian credit card customers
The post NEWS AND VIEWS FROM THE NEFARIUM AUGUST 8 2019 appeared first on Giza Death Star.
Calls for a Universal Basic Income have been increasing, most recently as part of the Green New Deal introduced by Rep. Alexandria Ocasio-Cortez (D-NY) and supported in the last month by at least 40 members of Congress. A Universal Basic Income (UBI) is a monthly payment to all adults with no strings attached, similar to […]
This is an important article, and was shared by Ms. M.W. At first glance, it seems to be good news, for the Bank of…
The post JAPAN WIPES OUT DEBT… OR DOES IT? appeared first on Giza Death Star.
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year. […]
The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization […]
