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Petition to Limit Sovereign Debt Liabilities

Submitted on Thursday 8th December 2011

Published on Friday 9th December 2011

Current status: Closed

Closed: Sunday 9th December 2012

Signatures: 3

Tagged with

Money

Petition Action

Petition to Limit Sovereign Debt Liabilities

Additional Information

The last few years has shown how personal debt has spiralled into sovereign debt crises, which now risk expanding into continental debt problems.

Fiscal policy is being seized from democracies in Europe setting a dangerous precedent. Bond markets are threatening nations that had nothing to do with the original debt. We have reached a precipice where debt liabilities are trampling on democracy and sovereignty.

"Give me control of a nation's money supply, and I care not who makes its laws"-Mayer A. Rothschild

The world's taxpayers should not be accountable for the insurance of bad loans that they had no liability for, or we will one day wake enslaved by debt created anywhere in the world.

Please sign to agree that:

At the point where a sovereign nation becomes incapable of debt repayment, all unpayable debt owed by that nation, and debts owed by the lending entities relating to that debt, throughout the entire path of the debt tree, must be absolved from all accounts.


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