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The macroeconomics of bank-created money and a Modern Debt Jubilee as a way out of the private debt trap

The macroeconomics of bank-created money and a Modern Debt Jubilee as a way out of the private debt trap My friend Dr. Sabri Oncu has established an innovative seminar program at Kadir Has University in Turkey. Called the “Kadir Has Lectures on Global Political Economy”, it has had lectures from a number of non-mainstream economists, […]

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Puerto Rico’s Debt Trap

Puerto Rico’s Debt Trap WASHINGTON, DC – The Caribbean island of Puerto Rico – the largest United States “territory” – is broke, and a human calamity is unfolding there. Unless a constructive course of political action is found in 2016, Puerto Rican migration to the 50 states will rival the scale of the 1930s Dust […]

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3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone.  But as you will see below, this is not […]

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China’s Monumental Debt Trap—-Why It Will Rock The Global Economy

China’s Monumental Debt Trap—-Why It Will Rock The Global Economy Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey’s latest update on the worldwide debt tsunami. If you don’t mind a tad of rounding, the planetary debt total now stands at $200 trillion compared to world GDP of just $70 […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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