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General News 6/6/2013 at 3:16 AM EDT

Debt Doom Cycle - Roosevelt Institute

Quicklink Submitted By Iain Parker 1 comment

What does it mean when someone refers to the "Doom Cycle," or "Doom Loop"?

**This concept will be discussed in detail at the Roosevelt Institute's March 3rd conference in New York, "Make Markets Be Markets', and also in a report written by Simon Johnson, Rob Johnson (Director of the Roosevelt Institute's Project on Global Finance), Nobel Laureate Joe Stiglitz (Chief Economist of the Roosevelt Institute), Elizabeth Warren, and others. Stay tuned for updates on this much-anticipated event.

Read the rest of the story HERE:

At www.rooseveltinstitute.org

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Challenge the stupidity of government's outsourcing the issuance of their primary currency base to private banks to lend it back to them as credit with interest attached. Bring the extraordinary power of currency origination and distribution back in (more...)

Related Topic(s): Debt Ceiling; Debt Monetary System, Add Tags

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