Debt Liability

Posted: February 21, 2013 in Private Reserve Strategy
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“Debt is one person’s liability, but another person’s asset.” –Paul Krugman.  This statement is true any time a person goes into debt unto another.  In essence, the indebted transfers their money to another.  The indebted could reverse this transfer of money by simply creating a pool, or reserve, of money from which to provide their own capital needs.

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