Possible Scenarios for the Future

Dimitri Speck

Chapter Chapter 34 in The Gold Cartel, 2013, pp 232-261 from Palgrave Macmillan

Abstract: Abstract The problems that humanity has burdened itself with in recent decades due to the growing amount of debt are considerable and not easily solvable. The excess of financial claims built up in World War I was only reduced after World War II, which gives an idea of the temporal dimension. In the decades in between, there were inflation periods, deflation periods, economic crises, social upheaval, wars and currency reforms, which were all connected with the amount of credit outstanding. Today’s overhang of credit claims is larger. The future is as yet unwritten, however; there is no need to shoot at each other just because there are many credit claims outstanding!

Keywords: Central Bank; Government Debt; Debt Level; Total Debt; Stock Variable (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-28643-7_34

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DOI: 10.1057/9781137286437_34

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