Tag Archives: Debt Relief

The End of Work

Zero Hedge: Many activists are clamoring for a higher minimum wage. That’s an admirable goal, but is that where the worst problem is? Even at the abysmally low wages of the present moment, we still have 938,000 people being turned away from McDonald’s because there aren’t enough McJobs. The real problem is the lack of meaningful work.In a world of machines and social alienation, meaningful work is as scarce as water in the drought-stricken California Central Valley.

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Stiglitz: Global Debt Restructuring Framework Necessary

The Guardian — When the euro crisis began half a decade ago, Keynesian economists predicted that the austerity being imposed on Greece and the other crisis countries would fail. It would stifle growth and increase unemployment – and even fail to decrease the debt-to-GDP ratio…

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First move toward debt-free money? Meet the Trillion Dollar coin

While some may laugh, the ideas that underpin this are important: debt-free money and the power of the Treasury to control money outside of the Federal Reserve.  In other words, the power to create money has and should remain with the sovereign state (the people) and not private banking interests (The Federal Reserve).  The bottom line is we should all support  the positive money movement.

Read more about the Trillion Dollar Coin here.

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Occupy Wall Street: Forgive Debt

From CNN:

NEW YORK (CNNMoney) — Occupy Wall Street, the protest movement launched to fight corporate greed and corruption, is now buying up peoples’ debts and forgiving them.

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Debt Relief Most Effective Technique In Combating Foreclosures

NEW YORK (CNNMoney) — Reducing the amount struggling homeowners owe on their mortgages is proving to be a more effective way to prevent foreclosures than other methods, such as reducing interest rates or postponing payments, a new report finds.

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Debt Relief  is one of the tenets of a Framework for Peace as outlined in the book A World Without War.

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Brilliant! Iceland forgives mortgage debt of its population

The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

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