{"id":3285,"date":"2009-12-10T02:11:13","date_gmt":"2009-12-10T01:11:13","guid":{"rendered":"http:\/\/blog.world-citizenship.org\/?p=3285"},"modified":"2025-02-26T12:59:05","modified_gmt":"2025-02-26T11:59:05","slug":"debtonation-org","status":"publish","type":"post","link":"https:\/\/ngo.heidi-barathieu-brun.ch\/?p=3285","title":{"rendered":"Debtonation.org"},"content":{"rendered":"<p><strong>Ann Pettifor&rsquo;s blog<\/strong> about the Global Financial Crisis<\/p>\n<p>Linked on our blogs wit <a href=\"http:\/\/blog.world-citizenship.org\/wp-archive\/551\">New Economics Foundation<\/a> NEF , and with <a href=\"http:\/\/word.world-citizenship.org\/wp-archive\/859\">Ann Pettifor &#8211; England<\/a>.<\/p>\n<ul>\n<li>Welcome to my blog about the financial crisis. I&rsquo;m Ann Pettifor, author and analyst of the global financial system, and co-author of the Green New Deal. I predicted an Anglo-American debt-deflationary crisis back in 2003, and am known for my work on sovereign debt and international finance, including Jubilee 2000.<\/li>\n<li> Currently a fellow of the <a href=\"http:\/\/neweconomics.org\/\">new economics foundation<\/a> and director of Advocacy International (<em>Welcome<\/em> on the <a href=\"http:\/\/debtonation.org\/\">Homepage&rsquo;s<\/a> right column).<\/li>\n<\/ul>\n<p><a href=\"http:\/\/debtonation.org\/in-the-news\/\">Must Reads;<\/a> <a href=\"http:\/\/www.neweconomics.org\/publications\/cuts-wont-work\">Latest NEF-press release<\/a>; <a href=\"http:\/\/debtonation.org\/guest-bloggers\/\">Econoclasts\/guest bloggers<\/a>; <a href=\"http:\/\/debtonation.org\/test\/\">Green New Deal<\/a>; <a href=\"http:\/\/debtonation.org\/subscribe\/\">Newsletter<\/a>;<br \/>\n<a href=\"http:\/\/debtonation.org\/contact\/\">Contact Ann<\/a>.<\/p>\n<p>She writes on her blog: <!--more--><\/p>\n<p>&#8211; <a href=\"http:\/\/debtonation.org\/2009\/12\/debts-and-deficits-stocks-and-flows\/\">Debts and deficits, stocks and flows<\/a>, December 6, 2009: Most economists (who should know better) confuse the government\u2019s budget deficit with total government debt. The distinction really is important. Mixing them up is a little like confusing stocks and flows.\u00a0 Or confusing your outstanding mortgage \u2013 say \u00a3200,000 \u2013 with your monthly debt repayments. They are quite different things, and if you were to lose your job, the flows (paid with your salary) come to a halt, and then it\u2019s the stock &#8211; the \u00a3200,000 &#8211; that really matters &#8230; (full text).<\/p>\n<p>&#8211; <a href=\"http:\/\/debtonation.org\/2009\/12\/cuts-could-increase-the-deficit\/\">Cuts could increase the deficit<\/a>, December 6, 2009:\u00a0 The <a href=\"http:\/\/www.guardian.co.uk\/uk\/2009\/dec\/06\/pre-budget-report-opinions\">Observer<\/a> asked a small group of people to comment in advance of next Wednesday\u2019s Pre-Budget Report. This from yours truly: \u201cPublic debt will rise higher if government slashes spending, and recovery will elude us. Unemployment has high costs, but productive government spending, unlike private spending, pays for itself by creating jobs that generate tax revenues and cut welfare benefits &#8230; (full text).<\/p>\n<p>&#8211; <a href=\"http:\/\/debtonation.org\/2009\/12\/faux-optimism-flawed-economics\/\">Faux optimism &amp; flawed economics<\/a>, December 1st, 2009: There was much huffing and puffing by the cheerleaders for premature economic recovery when the Office for National Statistics revealed that the UK was still in recession last week. These same \u2018pied pipers\u2019 tried to discredit the ONS\u2019s previous factual announcements. Now the CBI has reported an \u2018unexpected\u2019 dip in sales in the service sector and then there was a \u2019surprise\u2019 dip in manufacturing during November &#8230; (full text).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ann Pettifor&rsquo;s blog about the Global Financial Crisis Linked on our blogs wit New Economics Foundation NEF , and with Ann Pettifor &#8211; England. Welcome to my blog about the financial crisis. I&rsquo;m Ann Pettifor, author and analyst of the global financial system, and co-author of the Green New Deal. I predicted an Anglo-American debt-deflationary &hellip; <a href=\"https:\/\/ngo.heidi-barathieu-brun.ch\/?p=3285\" class=\"more-link\">Continuer la lecture<span class=\"screen-reader-text\"> de &laquo;&nbsp;Debtonation.org&nbsp;&raquo;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,7],"tags":[],"class_list":["post-3285","post","type-post","status-publish","format-standard","hentry","category-a-verifier","category-ngos-world"],"_links":{"self":[{"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=\/wp\/v2\/posts\/3285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3285"}],"version-history":[{"count":1,"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=\/wp\/v2\/posts\/3285\/revisions"}],"predecessor-version":[{"id":16670,"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=\/wp\/v2\/posts\/3285\/revisions\/16670"}],"wp:attachment":[{"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ngo.heidi-barathieu-brun.ch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}