Moody’s ratings agency has changed the Eurozone’s outlook from stable to negative, warning it faces being downgraded. That’s despite relentless meetings between EU leaders, which have so far failed to deliver any solutions. And a leaked email suggests that the Troika of international lenders want Greece - one of the most debt-stricken countries, to work [...]
Posts Tagged ‘collapse’
few thoughts on the monetary system that we have and also real money
Recipe for disaster - * Take one small, war-ravaged nation with no natural resources and no heavy industry to speak of. *Subsidise their economic recovery to ensure the right outcome in their ongoing Civil War by ensuring the establishment of a comfortable, broadly social democratic welfare state, with an ecconomy based chiefly on tourism to [...]
An UPHIGH Production The debt epidemic has spread throughout the western world like the Black Plague. Maybe it is time we class debt as a disease and take steps to protect ourselves, families and future generations.
Ros Altmann from SAGA says the Labour’s wasted years were all about debt and pretending it was real growth, when it was no such thing. Now everyone paying for the illusion of growth that wasn’t. Recorded from Sky News, “Born Bankrupt” special, 24 August 2012.