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US debt

The US Dollar as a weapon: debt and devaluation

The decline in the value of the US dollar is engineered by the US government in order to make US products more affordable and to relaunch their manufacturing economy. The world is trapped by the US into subsidising its debt on account of the very large market it represents and the control over the money markets of US corporate investors. Other economies with higher value currency will experience a falling off in sales because the goods they produce will be less affordable on the world market. Hans-Peter Martin and Harald Schuman wrote about this 'trap' late last century. Read what they wrote then and consider how well it explains our current situation.

Implementing the Green Economy: US debt profligacy, EU austerity, and the future of economic growth

Can the current economic growth system be the basis for the Green Economy ? The current economies of western industrialised society are moribund and unable to provide the basis for the transition to the Green Economy without massive structural change. We need to scale down our expectations of financial prosperity having already attained a standard of living that is proving dangerous to our wellbeing.

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