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Wealth and Debt

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Steven Lesh
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"Writing-off this US indebtedness to the rest of the world would turn the
majority of its population into deceived depositors. It would be the end of
the well-established rule of the golden calf.  ...

The moment is drawing closer when the financial crisis will make the world
realize that all of the US assets, all of its industrial, technological, and
other potentials do not rightfully belong to the country. Then, it must be
confiscated to compensate the victims, and the rights of ownership of
everything bought for dollars all over the world - everything drawn from the
wealth of various nations - are to be revised." - vii

It is past time for a global debt jubilee in which the debt created by the
money changers and their co-conspirators in the world's governments is wiped
clean. If the world has been deceived, it has been by the hand of its own
leaders and by its own inertia. The facts have been available at least
since 1972. Humanity and the planet can afford no more Empires of Debt.
Any such aspirations by some Chinese, Russian or international elite need
to be checked by a much enhanced public understanding of money, of the
difference between wealth and debt.

i Frederick Soddy, "Wealth, Virtual Wealth And Debt", New York, E. P. Dutton
& Co., Inc. , 1933, pp. 70-71.

ii Dr. Michael Hudson, "Super Imperialism: The Origin and Fundamentals of
U.S. World Dominance", Pluto Press, Second Edition, London, 2003, p. xiv

iii click here

iv Ferdinand Lundberg, "America's 60 Families", The Vanguard Press, New
York, 1937, p. 7

v Ferdinand Lundberg, "America's 60 Families", The Vanguard Press, New York,
1937, p. 139

vi "The exorbitant privilege is a term coined in the 1960s by Valà �ry Giscard
d'Estaing, then the French Minister of Finance."
http://en.wikipedia.org/wiki/Exorbitant_privilege

vii http://globalresearch.ca/PrintArticle.php?articleId=5309

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Steven Lesh is a retired software engineer with a life-long interest in economics and history and an undergraduate degree in the latter.
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