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

**plaiskegizils** · 09-04-2012, 04:22 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.

It is not surprising that the world economy is in difficulties when it's largest economy is in trouble.

Don't forget, that it all started when the London and New York financial system collapsed due to fraud and undeserved enrichment of the perpetrators.

Without real reform and re-regulation there is no solution.

09-04-2012, 04:22 AM	#5
plaiskegizils Join Date Oct 2005 Posts 549 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. It is not surprising that the world economy is in difficulties when it's largest economy is in trouble. Don't forget, that it all started when the London and New York financial system collapsed due to fraud and undeserved enrichment of the perpetrators. Without real reform and re-regulation there is no solution.
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