Debt

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Concept.png Debt 
(concept)Rdf-entity.pngRdf-icon.png
Debt.jpg
Interest ofDavid Graeber

Debt has been going on for about 5000 years.[1]

US

In 2017, research revealed that "The U.S. government pays professional debt collecting agencies, on average, nearly 40 times the value of what they collect".[2]


Researchers have advanced debt as and explanation for the fact that "some 40% of Americans would struggle to come up with even $400 to pay for an unexpected bill."[3]

 

Examples

Page nameDescription
National debt
Student debt

 

Related Quotations

PageQuoteAuthorDate
COVID-19/Economy“The IMF is explicit. In one of its lending windows, the Catastrophe Containment and Relief Trust, which applies to pandemics, generously,

"provides grants for debt relief to our poorest and most vulnerable members."

Nonsensical statement: it is there to replenish the coffers of the creditors, the money is allocated to debt servicing.”
Michel Chossudovsky17 April 2020
Enclosure“The appropriation, by one means or another, of lands owned or occupied by the poor continues. What was accomplished in England by legislation is being accomplished today all over the world by bank-created capital and debt-finance.”Ivo Mosley2013


References


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