How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported
Fifty years ago, a US president closed the gold window, ended capital controls, and launched a new era of globalized finance. The “Nixon Shock” reshaped the international monetary system overnight, and then gradually changed the […]
This is a product of austerity as cash starved nations turn to criminaltiy to raise cash. The same is true of tax policies and the list goes on. Austerity has failed in the Europe – […]
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