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The World Bank Issues a Warning

The World Bank just issued an important new report, “Global Waves of Debt, Causes and Consequences”.  https://www.worldbank.org/en/research/publication/waves-of-debt It is a 221-page report that looks back at three previous debt waves.  They all started in about 1970, not surprisingly when the last discipline of the gold standard was removed from the … Readmore

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