Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Debt: There is no No Jubilee

Debt: There is no No Jubilee

Ratings: (0)|Views: 57 |Likes:
Published by rmmullis

More info:

Published by: rmmullis on Nov 27, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/27/2010

pdf

text

original

 
Debt: there is
 
No Jubilee
 
  All material is compiled from sources believed to be accurate, but no accuracy can be guaranteed.The presentation is for information purposes only and is not a solicitation to invest.Unauthorized reproduction or distribution is strictly prohibited. Gold & Silver Investment SummitMonday, 8th November 2010
Debt: there is No Jubilee
The world has too much debt.In the book of Leviticus (Old Testament),a Jubilee year is mentioned to occur
every fty years, in which slaves and
prisoners would be freed, debtswould be forgiven.Today there is no Jubilee.
 
  All material is compiled from sources believed to be accurate, but no accuracy can be guaranteed.The presentation is for information purposes only and is not a solicitation to invest.Unauthorized reproduction or distribution is strictly prohibited. Gold & Silver Investment SummitMonday, 8th November 2010
DeleveragiNg: growth, austerity, DevaluatioN or Default
“Capitalism without failure is like religion without sin.” 
Charles Kindleberger, Manias, Panics and Crashes
How do you get rid of debt without Jubilee?
Deleveraging:1.
Grow your way out: US post WW2, Japan post 1989
 2.
“Belt-tightening”: Scandinavia 1990s, S Korea, Malaysia post 1997
3.
Currency devaluation: US 1934 Gold Reserve Act, UK 1949, 1967, (2008?)
4.
Explicit default: Russia 1998, Argentina 2002 - 08

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->