Category Archives: Past

The World has become one Vast Casino

Shortly after receiving the 1988 Nobel Laureate in Economics, Maurice Allais wrote in a front page report in Le Monde, …the international financial and monetary institutions ought to be thoroughly reformed. The whole world economy rests on gigantic debt pyramids … Continue reading

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Blast from the Past: 1983, the Debt Bomb Threat

Way back in 1983, Time magazine reported on a growing debt crisis: Never in history have so many nations owed so much money with so little promise of repayment…. Much of it may never be paid off, and a major … Continue reading

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