I’m really digging these possible solutions! 🙂
The following Four Points, if properly understood and acted upon, will save millions of Americans and hundreds of millions of people overseas from starving to death.
Fact One: The Only way out of a Depression is through Debt Cancellation.
How is such a dogmatic statement possible? Let’s begin with a useful definition of what a Depression is: A Depression is a period in time when Unpayable Debts are cancelled en masse. We associate Depressions with high unemployment, foreclosures and bankruptcies. But these are the Effects and not the Causes of Depressions. Understanding the Cause leads to a cure.
Historically, there are three ways to escape Depressions. One is a 1923 Weimar Republic style Hyperinflation. In 1923 German farmers could pay off a million marks in previously Unpayable Debts by selling two eggs.
In 1933 America Unpayable Debts were cancelled by foreclosures on farms and homes and through bankruptcy of individuals, businesses…
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