Understanding Money & Debt

On March 31, 2008, the China Post (a Taiwanese publication) published a Reuters story in which Hilary Clinton, U.S. Senator and Democratic-party Presidential hopeful, warns that the Bush administration has jeopardized national security and the ability to intervene in world crises because of the huge U.S. debt.

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The article "The Yin and Yang of US Debt"(Bardham and Jaffee, 2008) explains the role of foreign investments, particularly the Chinese, in the U.S. economy. See: Bardhan, A. and Jafee, D., "The Yin and Yang of US Debt", YaleGlobal, 4 April 2008. Available at: http://yaleglobal.yale.edu/display.article?id=10607

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The documentary "Money as Debt," produced by Paul Grignon, gives an explanation about what is the "money-debt" system and how it works (or doesn't work). The streaming video is available at: http://www.moneyasdebt.net/

A trailer for the video may be viewed here:

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The full video may be viewed here:
[Video Available At: http://video.google.com/videoplay?docid=-9050474362583451279