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Old 06-03-2013, 04:05 PM   #1
glagoliska

Join Date
Oct 2005
Posts
372
Senior Member
Default Odious Debt
Directly speak from economist Michael Hudson about the interaction of government power and the responsibility of citizens to spend 'sovreign debt' incurred by governments that not get the agreement of its citizens to help out the lenders. Remember Hank Paulson showing the federal government to us required to pay out $700 million to help out the too large to fails? Many people I understand didn't approve of this. Hudson explains exactly the same character playing out in Iceland and Greece and around the world. A debt that can't be paid, won't be paid. Odious means worthy of hate o-r scorn, to save lots of the problem to you of looking it-up. Hatha
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