DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - America and the west are in deep economic trouble

**Pippoles** · 09-04-2012, 03:22 AM

No comments?

An economist (Steve Keen) is suggesting that the debt crisis can be solved by a debt jubilee. So instead of the central bank printing money and giving it to insiders (known as Quantitative Easing or QE), it gives $6000 to every person in the country, those with debts can use the money to pay off their debts and those not in debt can spend it. So Bank bailouts are helping bankers, but this way would help everyone which is the least destructive and best of all, it will ameliorate the problems...maybe we can campaign to get rid of riba banking.

A debt jubilee is the best way forward - look at Iceland after their financial crisis - but it will be stopped by the same interests who always stand in front of whats best for the people. They are the same people who have colluded against other important developments when they realised they would no longer have a way of extracting taxes from the masses. In medieval England, the pauper used to pay tribute to the Nobility. Today, the same tribute is paid when ordinary folk have to pay high taxes, many times over for the same things, then get taxed by stealth (bank bailouts) to add to that. It is a whole system which is corrupt and driven by greed, the system of Riba.

Allahu A'lam

09-04-2012, 03:22 AM	#4
Pippoles Join Date Oct 2005 Posts 448 Senior Member	No comments? An economist (Steve Keen) is suggesting that the debt crisis can be solved by a debt jubilee. So instead of the central bank printing money and giving it to insiders (known as Quantitative Easing or QE), it gives $6000 to every person in the country, those with debts can use the money to pay off their debts and those not in debt can spend it. So Bank bailouts are helping bankers, but this way would help everyone which is the least destructive and best of all, it will ameliorate the problems...maybe we can campaign to get rid of riba banking. A debt jubilee is the best way forward - look at Iceland after their financial crisis - but it will be stopped by the same interests who always stand in front of whats best for the people. They are the same people who have colluded against other important developments when they realised they would no longer have a way of extracting taxes from the masses. In medieval England, the pauper used to pay tribute to the Nobility. Today, the same tribute is paid when ordinary folk have to pay high taxes, many times over for the same things, then get taxed by stealth (bank bailouts) to add to that. It is a whole system which is corrupt and driven by greed, the system of Riba. Allahu A'lam
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