Peak Jubilee #debt #forgivenes


	Peak Jubilee #debt #forgivenes

JICWyllie

7-21-2009 1:37 PM

54 views

tags:

1-debt, 1-forgiveness, 1-policy, 2-change, 2-consequences, 3-advocated, 4-us

JICWyllie says:

What happens to all those savers and investors who are owed the money?

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from July 21, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a196c62a-5566-4607-a353-1bd7a7ae85f7/042E4016-24D1-4997-87AB-2FB7E3A1BADA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://campfire.theoildrum.com/node/5586" href="http://campfire.theoildrum.com/node/5586" style="font-size: 11px;">campfire.theoildrum.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://campfire.theoildrum.com/node/5586"><P>Energy procurement from this point forward will be inextricably linked with the state of our financial system.  We need energy to grow...we need debt to initiate new energy projects, and we need growth to payoff debt. We also sit amidst a mountain of debt, are passed the global peak in cheap oil production, and live in an environment where not only is the gap between the haves and have nots accelerating, but so is a general awareness of this gap.  With this backdrop there has been <A href="http://blog.beliefnet.com/crunchycon/2009/02/niall-ferguson-bring-on-the-de.html">increasing talk</A> about a 'get-out-of-debt-free' holiday sometime in the future, a debt jubilee of sorts.  At the root of debt forgiveness are two issues central to our energy future: - 1) the disconnect between biophysical and fiat-based accounting and 2) the favoring, via government rule changes, of one social group versus another (in this case, creditors vs. debtors). </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://campfire.theoildrum.com/node/5586"><P>Tonight's Campfire questions revolve around the implications of debt forgiveness for energy and social stability.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://campfire.theoildrum.com/node/5586"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/campfire.theoildrum.com/img/6A3BA0BE-AF39-48C4-855B-FA0E6620CC0C" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/042E4016-24D1-4997-87AB-2FB7E3A1BADA/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips