Sunday, April 19, 2009

21st Century: Debt Slave

The Financial War Against Iceland: Being defeated by debt is as deadly as outright military warfare.
by Prof Michael Hudson

Here iss a good LONG (yeah bloodshot eyes over several days of reading) article on the modern slave: THE DEBT SLAVE

The author goes through the theory including military warfare vs. financial warfare. The slaves won't know what hit them if financial warfare via debt is used. Iceland is used as great example.

Also covered is the history of the relationship between creditors and debtors. Throughout the last few centuries the conditions were in favor of the debtor. It is only in the past few decades where the creditor has been slowly given a higher preference over the debtor.

SO BEWARE. DO NOT BE A DEBT SLAVE.

[Article] The Financial War Against Iceland: Being defeated by debt is as deadly as outright military warfare by Prof Michael Hudson

No comments:

Post a Comment