Archive for the ‘Debt’ Category

“If you add up all of our government, corporate, and consumer debt, America owes roughly $70 trillion…. that adds up to about $836,000 per American household…

The United States has become the largest debtor in human history.  The obvious question is: Why on Earth did so many people borrow so much money they have no hope of ever repaying?” 

-Porter Stansberry

 

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Debt Relations

Posted: April 23, 2018 in Debt
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“When considering entering a debt relationship, one should always ask himself, ‘Who issued the debt? What is it really worth? What is the likelihood that I’ll get paid?’” -Jeff Thomas

Who Owes?

Posted: April 22, 2018 in Debt
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“The dollar (since going off the gold standard) an ‘I owe you nothing’.  The euro as a ‘Who owes you nothing’?  Cryptos can accurately be described as ‘You have no idea who owes you nothing’.” -Doug Casey

“Gold is the currency of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”

—Norm Franz, Money and Wealth in the New Millennium

“Indeed, many would say that, without debt, the world couldn’t function. Debt has always existed and always will. However, in eras past, debt often played a much smaller role, and those eras were marked by greater progress and productivity.” -Jeff Thomas

Private Debt

Posted: April 10, 2018 in Debt
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“The only ways out of private debt are to pay it, to default, or to have it forgiven.” -Porter Stansberry

Debt Trap

Posted: February 21, 2018 in Debt
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“You’re going to be a wage slave your whole life… You’ve got to borrow money to buy a house. You’ve got to borrow money to buy a car. You’ve got to borrow money to get a college degree. You’re trapped in this complete cycle.” -Porter Stansberry