Download Paper Promises: Debt, Money, and the New World Order AudioBook Free
For days gone by 40 years European economies have splurged on credit debt. Now, as the truth dawns that lots of debts can't be repaid, we find ourselves again in problems. But the oncoming defaults have a time-worn place inside our economic history. Much like the crises in the 1930s and 1970s, governments will show up, currencies will lose their value, and new systems will emerge. Just like Britain established the terms of the international system in the 19th hundred years, and America in the 20th hundred years, a new system will be established by today's creditors in China and the Middle East. Along the way, abundant will be pitted against poor, young against old, open public sector workers against taxpayers, and one country against another. In Newspaper Guarantees, Economist columnist Philip Coggan helps us to understand the origins of this mess and exactly how it will impact the new global market, by explaining how our behaviour toward credit debt have improved throughout history, and exactly how they may be going to change again.
