Debt Inherutannce

In many nations debt is becoming a serious problem, with a huge proportion of people living in a world of loans and credit cards, building up unmanageable debts.
Many people, including myself, find the level of debt to be at an almost unbelievable level. It is hard to see how an economy can survive when the majority of money spent, is actually owed to someone else, so much so that most money is actually debt.

For debtors everywhere who want to understand how the system really works, this handbook provides practical tools for fighting debt in its most exploitative forms. Over the last 30 years as wages have stagnated across the country, average household debt has more than doubled. Increasingly, people are forced to take on debt to meet their needs; from housing to education and medical care.

Financial Freedom 101: The Ultimate Guide to Taking Control of Your Money (Part 1)

Global Development Finance 2012: External Debt of Developing Countries is a continuation of the World Bank’s publications Global Development Finance, Volume II (1997 through 2009) and the earlier World Debt Tables (1973 through 1996). As in previous years, GDF 2012 provides statistical tables showing the external debt of 129 developing countries that report public and publicly guaranteed external debt to the World Bank’s Debtor Reporting System (DRS). It also includes tables of key debt ratios for individual reporting countries and the composition of external debt stocks and flows for individual reporting countries and regional and income groups along with some graphical presentations.