nakedempire


The American Empire in a Changing World



Pages

Tuesday, February 28, 2012

''Paper Promises: The Eternal Debt Cycle''

"The current debt crisis is merely the latest in an age-old battle between creditors and debtors. Creditors have a penchant for devising systems to fix the value of money, so as to protect their interests. But every so often, the system breaks down as the borrowers become overwhelmed by the burden of their debts."


from world policy blog...

No comments:

Post a Comment