Posts Tagged ‘owe’

Serious Loans

Posted: January 26, 2017 in Money Matters
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As a financial guy, I take loans seriously.  If you borrow, then you owe.” -David Eifrig

“Capitalism is constantly burying its mistakes and discovering tomorrow. Cronyism, on the other hand, keeps you in the past. It is today and yesterday trying to stop tomorrow from happening…. The future is where new wealth is created. When you try to stop or twist the future into the shape want, you prevent this wealth from ever happening. Cronyism depends on the credit bubble…. Cronies owe money.  They borrow money.  They depend on borrowed money for their budgets, their spending, their bonuses, their portfolios, their welfare checks, and their special privileges.  They all depend so heavily on borrowing that few of them – whether in academia, media, business, finance, or government – can see the truth… let alone speak it.  They are all paid not to see it.  And if they do see it, they keep their mouths shut.” -Bill Bonner

Owe Earnings?

Posted: January 20, 2015 in Debt
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“Debt is always deflationary.  The more people owe, the more of their future earnings they have to set aside to pay for it.” -Bill Bonner

Owe Little

Posted: June 3, 2014 in Thought for the Day
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A man, as a general rule, owes very little to what he is born with — a man is what he makes of himself.” -Alexander Graham Bell

“Beautiful credit!  The foundation of modern society…. which puts into the mouth of a distinguished speculator in lands and mines this remark: — I wasn’t worth a cent two years ago, and now I owe two millions of dollars.” -Mark Twain

Owe Nothing

Posted: April 28, 2014 in Debt
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“As the person who has health is young, so the person who owes nothing is rich.” -Proverb

Financial Indepence

Posted: December 9, 2013 in Money Matters
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“What does the term ‘financial slavery’ mean?  Most commonly is mean two things:  You earn less than you spend and you owe more than you own.  Being financially independent means having more income than you need and owing far less than you own.” -Mark Ford

Rich =

Posted: November 23, 2013 in Thought for the Day
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“He is rich who owes nothing.” -Hungarian Proverb

“Americans owe more money, collectively, than ever before in our history – far, far, far more. We owe at every level: $17 trillion at the federal level; $13 trillion in mortgages; another trillion in student loans; nearly $3 trillion in state and local government debt. Put all of these numbers together and you end up with a $60 trillion pile of obligations. That’s nearly four years’ worth of our entire country’s total production….  We have collectively become addicted to living way, way beyond our means.  My favorite example about how absurd our debts have become? The state of New Jersey still owes $110 million for a football stadium (Giants Stadium) that was demolished in 2010. It won’t retire this debt until 2025….  Keeping this lie alive… the lie that we can afford our debts (or even our defunct stadiums)… has become the most important national goal.”  -S & A Digest   June 15, 2013