Erase Debt Department: Did Greece just throw down the gauntlet?

Following yesterday’s Gemini New Moon that featured an exact conjunction between Sun/Moon and Mars at 25° — all of them directly across the sky from the 27° Sagittarius Galactic Center — it’s difficult for me NOT to consider this news momentous, and possibly, an indication of what we might expect in the next two weeks as the second half of this lunar cycle runs its astonishing course.

Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious

Here’s a backgrounder that may help show how this movement, to distinguish between truly public debt and “odious” debt, has been building.

The French are right: tear up public debt – most of it is illegitimate anyway


Anyone who has read a newspaper in recent years knows how important debt is to contemporary politics. As David Graeber among others has shown, we live in debtocracies, not democracies. Debt, rather than popular will, is the governing principle of our societies, through the devastating austerity policies implemented in the name of debt reduction. Debt was also a triggering cause of the most innovative social movements in recent years, the Occupy movement.

If it were shown that public debts were somehow illegitimate, that citizens had a right to demand a moratorium – and even the cancellation of part of these debts – the political implications would be huge. It is hard to think of an event that would transform social life as profoundly and rapidly as the emancipation of societies from the constraints of debt.




This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *