Posts Tagged ‘liability’

Gold or Money

Posted: July 13, 2016 in Economics
Tags: , , ,

“Gold, it’s the only financial asset that is not simultaneously someone else’s liability.” -Doug Casey

Printing Money

Posted: September 26, 2015 in Money Matters
Tags: , , , ,

“But here’s something most people miss.  When a central bank prints money, it is not an asset, it’s a liability.” -Jim Rickards

Debt Liability

Posted: October 21, 2014 in Debt
Tags: , , ,

“The last thing you want to do is go into debt to finance a liability…” –J. Reeves

“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.