debt


Greece for Sale: First Wave of Privatization Begins with Airport Buyout

By Lauren McCauley Common Dreams August 20, 2015   Greece for Sale: First Wave of Privatization Begins with Airport Buyout ‘The purpose of the bailout has little to do with repaying debt and everything to do with creating a corporate paradise in the Mediterranean.’     Germany’s approval of Greece’s third bailout of €86 billion on […]

After capitulating on one of the Syriza party's key promises, Prime Minister Alexis Tsipras faced an internal rebellion and is expected to call a confidence vote this week. (Photo: Peter Guilliatt/cc/flickr)

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Greeks Flock to Grassroots Alternative Currencies in Affront to Euro Debt Slavery

By Michael Krieger Liberty Blitzkrieg August 16, 2015   Greeks Flock to Grassroots Alternative Currencies in Affront to Euro Debt Slavery   Necessity is the mother of invention. When Christos Papaioannou noticed his car needed new tires, the Greek computer engineer bought them with euros—but used an alternative currency, called TEM, to pay his mechanic […]


loans

Auto Loan Debt Tops $1 Trillion For First Time; All Consumer Debt Nearing $12 Trillion

By Ashlee Kieler Consumerist August 13, 2015   Auto Loan Debt Tops $1 Trillion For First Time; All Consumer Debt Nearing $12 Trillion   (The.Comedian)   Now that the Great Recession has gone from “is it really over?” to “remember when?” more Americans are buying cars, pushing auto loan debt beyond the $1 trillion mark […]


David Stockman: “The world economy, including the US, is heading into what is clearly going to be an apical deflation. The likes of which we’ve never seen in modern times.”

By Against Crony Capitalism August 7, 2015   David Stockman: “The world economy, including the US, is heading into what is clearly going to be an apical deflation. The likes of which we’ve never seen in modern times.”     “Kind of a debt supernova.” Yikes. It’s a bold statement from a guy who makes […]

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