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Joe Shlabotnik

(5,604 posts)
8. To clarify,
Sun Jul 6, 2014, 04:59 PM
Jul 2014

I think that often, institutional debt holders have dubious claim to their entitlement of the debts they seek to collect. For example bankers that practice predatory lending to states or people, and representatives of states negotiate under duress or downright bad faith.

Similarly, how much is a debt really worth when it was created out of thin air by banks, and grows exponentially usurious, and what validity or moral authority does it have to collect from future generations?

Edit to add; not just banks, but increasingly, investment protection legislation that has enabled global corporations to extort astronomical reparations from countries. And then of course there are war reparations also, and neglected title claims of indigenous peoples too.

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