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© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.U.N. urges governments to scrap debt payment
By EDITH M LEDERER UNITED NATIONS©2024 GPlusMedia Inc.
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Raw Beer
The entire debt-based monetary system should be eliminated. It was being unsustainably propped up, especially in recent months, and was bound to crash any day. Now with this COVID-19 crisis, they have something to blame...
juminRhee
Need to stop the debt chain on everyone. Cant just pull one or two links or the chain crashes. Start from the end consumer, to the first level landlord, to the next level investor, to the next level bank, to the next level real estate developer, to the next level investment bank, to the next level central bank, etc.
juminRhee
Why not just stop debt for everyone to make it fair? Lots of poor individuals even in rich countries. Could just call it the 3-month debt vacation, or however long it need be. Should people be profiting from this?
fxgai
Phew... I saw the headline and though the UN had gone utterly and completely bananas.
Scrapping debt entirely would ensure that no one would ever lend, ever again.