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"There can't be any sustainable growth, any sustainable equity achieved through an endless creation of debt".
"There can't be sustainable growth achieved though an endless creation of debt.
The voting on such plans in public elections is banned, as well as the creation of debt or liabilities "for purposes of war, or to repel invasion, or to suppress insurrection or to meet an emergency caused by disaster or act of God".
But, to meet those twin goals this Commission needs to look to who has profited from the creation of debt, where discretionary funds are being spent for increase the wealth of the wealthiest in unnecessary and counterproductive ways and tax concentrated wealth created by three decades of government policy.
Similar(54)
And so the international debt cartel built laboratories for the creation of synthetic debt — credit-default swaps, which weren't debt but, rather, bets on other debt.
All of this work is preparatory for the creation of the Debt Collective which is preparing the structure needed take on the larger subject of Wall Street manufactured debt.
Mr. Schneiderman has also proposed the creation of a "debt squad," a kind of legal A-Team of investigators and assistant district attorneys, to take on mortgage-marketing fraud and abusive debt collectors.
Rich countries refused to debate the creation of a debt restructuring mechanism and also prevented the introduction of a UN tax committee that would have given developing countries a say in global tax rules.
A democratically elected American legislature is simply not going to authorise the creation of government debt the world seems to want (though occasionally it may have a bit of a go at it).So we all turn once again to the Fed, which is aware of, if totally uncomfortable with, its role as global monetary hegemon.
Creation of new debt made those profits possible.
Based on our analyses, the sufficient width for a buffer strip that pre-empts the creation of extinction debt seems to be around 45 metres.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com