Odious Debt
Citizens are on the hook for debt they didn't agree to and debt that doesn't benefit them.
When governments borrow, citizens must pay!
- Debt as money, debt monetization, fractional reserve banking...
- Carbon Tax, FATCA, BEPS...
- Austerity, Inflation, Slave-wages, Poverty,...
- War, DARPA,...
- Spy agencies, spycams, spyware, RFID, mass surveillance...
Odious Debt
- Money borrowed by one country and then misappropriated by national rulers.
- Odious debt, also known as illegitimate debt, is the national debt incurred by a regime for purposes that do not serve the best interests of the people and should not be enforceable.
- UNITED NATIONS, OECD, IMF, G20, ...
Do a internet search for the acronyms and terms above and see the 21st century debt and institutional crisis threatening humanity.
Look at the taxes you pay, consider the country where you live.
Greece, Venezuela, Brazil, and Puerto Rico may be in the headlines today, but most governments are also facing the global debt crisis.
It's Not An Accident, It's Policy
What's in Italy's austerity package?
Greek parliament pushes through measures - Anti-austerity campaigners are furious.
Brazil's Senate approves $17 billion austerity package to freeze social spending - many decried this as attack on poor people...
Greek MPs approve toughest measures yet amid rioting Greece debt crisis, Athens accepted the harsh bailout deal...
The Eurozone's colossal debts threaten the 'periphery' ...
Sovereign debt crisis strikes many countries...
The global economic downturn that began in 2008 left many governments with reduced tax revenues and exposed what some believed were unsustainable spending levels...
RELATED:
Global Debt Consumers Digitally Connected - G20 Vowed
Title: Transition USA ; Debt Consumers-to-Chinese Slave Laborers
Video posted 7 Oct 2017 by aplanetruth.info
Can't happen here right? Yet for decades, planning has been hatched, and now being enacted to make the USA people become like Chinese laborers.
The USA consumer is tapped out on debt so now the game transfers to the BRICS countries (Brazil, Russia, India, China, South Africa) to become the new debt consumers while USA citizens become the slave labor force. It's already happening as the middle class is not in debt so much, the students in debt to over $1 Trillion, car loans over $1 Trillion and US current debt at over $21 TRillion...per year!
One up tick in FED rates and the whole market will collapse way below what we felt in 2007.
Prepare and speak out. Grow you own and get to know your neighbors.
Title: Odious Debt. Is Puerto Rico Our Future?
Video posted 9 Oct 2017 by Newsbud
Puerto Rico is a victim of Wall Street’s loan sharking operation. Its bond debt is now more than $72 billion dollars. This represents more than $20,000 per person, more than the median income, which is $19,520 per year. It’s what’s known as Odious Debt, that is to say debt that didn’t benefit the people of Puerto Rico. In America, we face a similar debt problem. The national debt is now over 20 trillion dollars. That’s larger than the size of the entire US economy. The Fed was established precisely for this reason—to create a never-ending spiral of debt. Donald Trump joined up with Chuck and Nancy to push for uncapping the congressionally set borrowing limit. Insane borrowing that will ultimately destroy the United States continues.
Title: Brazil's High Rents Force Thousands Into Makeshift Camp
Video posted 3 Oct 2017 by PigMine 7