...Professor Michael Hudson characterizes the relationship between creditors and debtors as a 5,000 year long war which in our time is being won by the creditors. Indeed, an independent oligarchy of creditors has been created and is currently buying up land that the population itself cannot afford to own. As Professor Hudson puts it, when you look at history in terms of the fight between creditors and debtors, it is a debt crisis that enslaved the Roman Empire and led to the fall of Rome. You have had the same tension in miniature in almost every subsequent economy. It is...