Posted by: Sabine Kurjo McNeill | May 7, 2009

Third world debt is rich pickings for vultures

This blog post demonstrates what Dr. Yunus keeps saying: governments and institutions are notoriously slow and keep letting us down.

The problems are deep and they are institutional above all else. One just has to ‘follow the money’:

— who pays government officials?
— who pays civil servants?
— who pays politicians?
— who pays bankers?
— who pays central bankers?

What is the difference between what we believe happens and what is really happening with money: who prints it and for what purpose? More on Money as Debt also known as Credit.


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