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Why Everyone Owes Everyone And No One Can Pay: Uncovering the Hidden Debt Crisis That Threatens Our Economy

Tyler Nelson

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Published in I O U : Why Everyone Owes Everyone And No One Can Pay

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In the wake of the 2008 financial crisis, the world economy has been struggling to recover. But beneath the surface, there is another crisis brewing—a hidden debt crisis that threatens to be even more devastating than the last one.

I.O.U.: Why Everyone Owes Everyone and No One Can Pay

by John Lanchester

4.4 out of 5

Language	:	English
File size	:	3338 KB
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Screen Reader	:	Supported
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Print length	:	276 pages

This hidden debt crisis is the result of decades of reckless lending and borrowing by banks, governments, and corporations. It has created a mountain of debt that is now so large that it is impossible to pay back.

The consequences of this hidden debt crisis are already being felt around the world. In Europe, the debt crisis has led to austerity measures that have caused widespread unemployment and poverty. In the United States, the debt crisis is putting a strain on the government's ability to provide essential services.

But the hidden debt crisis is not just a problem for the rich countries. It is also a problem for the developing world. In fact, some of the most heavily indebted countries in the world are in Africa and Latin America.

The hidden debt crisis is a global problem that requires a global solution. We need to work together to create a new economic system that puts people and the planet first. This new system must be based on principles of sustainability, equity, and justice.

The book "Why Everyone Owes Everyone And No One Can Pay" is a groundbreaking analysis of the hidden debt crisis. It provides a clear and concise explanation of the problem, and it offers a set of concrete solutions for how to solve it.

This book is a must-read for anyone who wants to understand the hidden debt crisis and its potential consequences. It is also a call to action for everyone who wants to create a more just and sustainable world.

Here are some of the key findings from the book:

The total amount of debt in the world is now more than $240 trillion.
This debt is owed by governments, banks, corporations, and households.
The hidden debt crisis is the result of decades of reckless lending and borrowing.
The consequences of this crisis are already being felt around the world.
In Europe, the debt crisis has led to austerity measures that have caused widespread unemployment and poverty.
In the United States, the debt crisis is putting a strain on the government's ability to provide essential services.
The hidden debt crisis is not just a problem for the rich countries. It is also a problem for the developing world.
Some of the most heavily indebted countries in the world are in Africa and Latin America.
The hidden debt crisis is a global problem that requires a global solution.
We need to work together to create a new economic system that puts people and the planet first.

The book "Why Everyone Owes Everyone And No One Can Pay" offers a set of concrete solutions for how to solve the hidden debt crisis. These solutions include:

Cancelling the debts of the poorest countries.
Regulating the financial sector.
Investing in renewable energy and other sustainable technologies.
Creating a new global financial system that is based on principles of sustainability, equity, and justice.

The hidden debt crisis is a serious problem, but it is not insurmountable. We can solve this crisis and create a more just and sustainable world. But we need to act now.

Free Download your copy of "Why Everyone Owes Everyone And No One Can Pay" today.

I.O.U.: Why Everyone Owes Everyone and No One Can Pay

by John Lanchester

4.4 out of 5