in this article published today, what I got from it were these four points MA advocates would be like those Caesar implemented in the Roman Debt Crises of his time:
1/ Reduce mortgages for "Distressed Homeowners" "under water" by about 1/3 to 1/4 to provide relief but yet not bankrupt lenders.
2/ Reduce Consumer Credit interest rates by re-instituting USERY Laws, cap them off at 9%.
3/ Restrict Banks to BANKING. No trading, no associated business, by passing a strict Glass-Steagall LAW
4/ Move from Direct taxation, by eliminating IRS and moving to a National Sale Tax, not a VAT.
About this UNOFFICIAL BLOG on Martin Armstrong's writings
This is my attempt to provide a simplified approach to Mr. Armstrong's writings, essays and etc, current and past. I do this without any intention of controversy or judgement of his works. I do not know Mr.Armstrong, and say of him as as Will Rogers once did: "All I know is what I read in the papers...." which in this case are the works of Mr. Armstrong in the public domain.
Monday, March 19, 2012
Debt Crises ala Julius Caesar Mar 18, pub today, mar 19
please feel free to read this yourself. Lots of good history, and great sculpture and coin pix.
http://www.inflateordie.com/files/Anatomy%20of%20a%20Debt%20Crisis%2003-18-2012.pdf
You can see us at
www.denaliguidesummit.blogspot.com
http://www.inflateordie.com/files/Anatomy%20of%20a%20Debt%20Crisis%2003-18-2012.pdf
You can see us at
www.denaliguidesummit.blogspot.com
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