http://golemxiv-credo.blogspot.com/2011/05/how-to-destroy-web-of-debt.html#comments

"Which brings us back to the reason there has been no discussion at
all of a Debt Jubilee. Keeping the debts is going to profit the banks
and their bond holders. Not only that, but making sure there is no
discussion of mutual debt cancellation, and thereby keeping sovereign
debt levels as high as possible,   gives those on the political Right,
the perfect crowbar they have wished for but never had, for forcing
through a political agenda of privatizing and destroying the social
fabric of welfare. An agenda for which they never quite got a mandate
through the ballot box..."
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