http://www.zcommunications.org/5-000-years-of-debt-by-david-graeber

this is a book I’m about to buy. It crystallises a lot of what we learned from the “Wizards of Money” but begins to explain why “Smithy” was wrong about the “inevitable” financial collapse which we all expected to follow the recent bursting of the credit fraud bubble. Given that the money was never “real” in the first place, nor is the debt. So the worst case scenario (America defaulting) only results in a few zeroes being struck off budgets, a few billionaires having to write off a substantial slice of their artificial asset value and a modicum of chaos while we reshape the next artificial basis of trading value…

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About Harry Stottle
Refugee from the Stumbleupon Blogicide of October 2011 Here you will find my "kneejerk" responses to the world and what I happen to bump into. For my more detailed considerations and proposals, please visit my website or my previous main blogging site.

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