- George Gammon
Debt jubilee secrets — YOU CAN’T AFFORD TO MISS! — What is a “Debt Jubilee” and is it a solution for the massive unsustainable debt in western economies? YOU have questions and I have answers! Debt Jubilee’s are often common throughout history, and they’ve been attempted many different ways and with varying degrees of success based on the circumstances. Most pro debt jubilee people point at Germany in 1953, their debt was restructured and reduced by 50%, this propelled Germany to long term export driven economic growth. But were the conditions comparable to today? Would a write down of 50% of private and public debt work in an economy like the US? And what would a debt jubilee mean for the US dollar? Some say we’d have hyperinflation, while others say it would be deflationary, and still others say it would work well. Regardless of your first impression of a debt jubilee you need to understand how it could play out, because the trend in developed economies is for more central planning NOT less central planning. And a debt jubilee, by definition needs to be tops down. If you’re interest in the future of the economy this is a MUST WATCH VIDEO!! In this debt jubilee video I discuss the following:
1. Historical example of the London Debt Accord in 1953.
2. What a modern day debt jubilee would look like according to Steve Keen.
3. The future of central planned debt jubilee world.