" Some couple of years back, I posted about a debt jubliee, from a guy whose last name was white .either oecd, or world bank, I just cant be bothered finding the link."
How quickly we forget, I apologise ,it was four years ago;
Former BIS Chief Economist Warns of Massive Debt Defaults, Need for Debt Jubilee; Fingers Europe as First in Line
When you hear an orthodox economist, particularly one who was early to warn of the dangers of real estate bubbles around the world, speaking of a debt jubilee as the best of bad option, you know a crunch is coming. Here is the key quote from William White, former chief economist of the Bank of International Settlements, in an exclusive interview with Ambrose Evans-Pritchard of the Telegraph:
https://www.nakedcapitalism.com/2016/01/former-bis-chief-economist-warns-of-massive-debt-defaults-need-for-debt-jubilee-fingers-europe-as-first-in-line.html
And yes, I got his organisation wrong to boot.
Raider
