Posts Tagged ‘transfer’

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Posted: September 10, 2013 in Money Matters
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“So does the great wheel turn… churning money… and transferring wealth… And we keep spending more than we intend on more than we need, ending up with less than we would like.” –Bill Bonner

“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.