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Debt Based Money

length: 8:40   credit: Feastamedia

The first of three segments of the introduction to the 2008 Feasta Annual Lecture in which Richard Douthwaite, an economist and founding member of Feasta, outlines the reasons why the Irish banking system and economy is in such trouble.

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Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, and governments stagger under record deficits. Richard Heinberg proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history.

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