Debt


Debt – America and the World – Economic collapse

University of Groningen EPISODE 1: Debt, a great invention is the first episode of a video lecture by Dirk Bezemer from the University of Groningen. It covers how debt and money systems developed over the years into the financial system we have today. All modern money is debt created by banks and this system has and can potentially bring us great wealth. EPISODE 2: How bubbles grow is the second episode of a video lecture by Dirk Bezemer from the University of Groningen. It covers how debt and money can be created by banks for both productive and non-productive purposes. […]

Debt

Debt

Understanding the Greek debt crisis

A while back I noted that we should be looking at Greece for where not to end up in the future, seeing that G.O.B. keeps borrowing more and more every day that goes by; adding more and more debt on the shoulders of every Belizean that will have to be paid for by many future generations. I want to share these videos with you all so you can understand what’s going on in Greece and better look at what’s happening in Belize and hopefully stand up and fight for the future of Belize. After all, our children and their children […]


Belize’s Failure: U.S. Proxy or Corrupt Leadership?

By: Hubert Pipersburgh on September 29, 2011 As a peripheral economy it is difficult for countries such as Belize. The U.S. cast a huge shadow. Few leaders in the region have been able to plot an autonomous course.  The late Michael Manley of Jamaica with his non-aligned movement during the cold war tried, Belize was a member of that group under the Premiership of George Cadle Price. With the exception of Cuba, Grenada under the Late Maurice Bishop and his New Jewel Movement attempted a course that did not rely on the U.S. patronage he was promptly assassinated in cold blood […]


The 'Grexit' Issue and the Problem of Free Trade

By George Friedman The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn’t meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the […]


SuperBond Motion Text – 2013

BELIZE HOUSE OF REPRESENTATIVES 12TH FEBRUARY, 2013 GOVERNMENT OF BELIZE – EXTERNAL DEBT RESTRUCTURING MOTION, 2013 _________ .. _________ WHEREAS, the Government of Belize is currently engaged in an exercise to restructure its external debt with a view to achieving a sustainable debt position; AND WHEREAS, as a key element of this exercise, the Government of Belize proposes to issue certain debt securities in the form of new U.S.$ Bonds (“the New Bonds”) to be given in exchange for Eligible Claims held by certain existing security holders; AND WHEREAS, the terms and conditions of the New Bonds are as follows:- […]


An appropriate usury law limiting interest rates in Belize

This is a draft from a friend of mine, who has decades in the legal and banking system in the USA and has ample experience in Belize’s. He propose this would be an appropriate usury law limiting interest rates in Belize.  The proposed law is more liberal than California’s law. It is made more liberal so that the banks or others cannot attack it.  Please give your input and scrutinize at will.  Share with anyone you like. Maximum rate of interest; compound interest; effect of contract for excessive interest. Section 1.  No person, company, association or corporation shall directly or […]