SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sea_urchin who wrote (23305)7/1/2005 6:08:44 PM
From: The Wharf  Read Replies (1) of 81050
 
Searle As you know, debt is the basis for currency creation and the argument is if someone is prepared to service that debt (ie pay interest on it and ultimately repay it) then that adds "substance" to what otherwise would just be a fictitious entry in the national balance sheet. As result of the inflation over time the debt becomes increasingly insignificant providing the assets bought with it don't depreciate in value. That is why those who can afford to carry debt become richer by buying assets using debt. Indeed, debt is the basis of the American Dream where people arrive penniless into the US, borrow as much as they can, spend as much as possible, have their hair dyed, teeth crowned and face lifted -- and voila -- in five years they are either multimillionaires or in jail.

Short term sentence at that and I am laughing however though there be too much truth in you words. There are many women in China following your version of the American dream adding a tuck here and a loop there and voila we not only follow it we look more American than Asian.

In the mean time we here seem not to be able to think ahead we were giving Viagra to sex offenders.

I guess we should thank our lucky stars stripes and credit cards the world loves the way we pay. Even if AG has a headache it is innovation of the American that seems to keep the world going on its way.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News