Michael Rowbotham is a political and economic writer and commentator based in the UK who is primarily known for his two books, [1] The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics (1998) [2] and Goodbye America (2000). [3] [4]
The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics focuses on what he believes to be inequities in the practice of fractional-reserve banking (which he equates with counterfeiting) and the economic distortions he believes to be inherent in the so-called debt-based monetary system which almost all nations use in the modern age. [5] [6] [7] In Goodbye America, Rowbotham argues that Third World debt is immoral, invalid, and inherently unrepayable. [8]
Michael Rowbotham is a political and economic writer and commentator based in the UK who is primarily known for his two books, [1] The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics (1998) [2] and Goodbye America (2000). [3] [4]
The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics focuses on what he believes to be inequities in the practice of fractional-reserve banking (which he equates with counterfeiting) and the economic distortions he believes to be inherent in the so-called debt-based monetary system which almost all nations use in the modern age. [5] [6] [7] In Goodbye America, Rowbotham argues that Third World debt is immoral, invalid, and inherently unrepayable. [8]