Debts of the State and the Danger of Economic Collapse

The debts of nearly fifty countries around the world are far too big and need to be lowered several times.

This can be achieved by savings in the state budgets and by taking advantage of the economic opportunities provided by the concept of economic duals.

In foreign trade this can be achieved by introducing the application of the category of diversified money.

Politics should not enter into the economics of state economic anomalies, and politicians must be fully responsible for the recovery of their state economics. This is the true Danger of Economic Collapse that is faced by so many of today's economies.

Ivan Ovcaricek-Rostok was born in Croatia and attended the University in Zagreb to obtain both his master's and doctor of science degree in economics. He worked as an economic analyst and later as manager of economic and technical services for a large industrial company. He also served as a factory director and assistant to a principal director for economy for a large joint company. The author has written and published forty-five professional and scientific papers in the field of economics and has attended professional study tours to London, Moscow, Paris, Munich, and Stockholm.

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