Equity not debt

The whole world is sinking in debt. In the U.S. over 50% of household savings goes to pay debt. In Belgium 11.2% of GDP goes to payment of interest on public debt Belgium and the U.S.A are but examples of the debt situation in industrialized countries. Italian government debt is equal to 105% of GNP, and 70% of government revenues goes to payment of interest. Italian taxpayers are doing little other than providing income for investors in government bonds most of whom are not poor. In the U.S.A 72% of government expenses goes to interest and retirement benefits. It is expected that such percentage will keep growing because of debt, that it may require all the government revenues to go to payment of interest, before the end of the century. In LDC’s the problem is even worse. At the...