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Morgan Housel's latest piece on debt is a must-read! He illustrates the limitations having too much debt can place on our lives. He also emphasizes the importance of having enough cash on hand to weather life's inevitable ups and downs. How does your financial preparedness stack up? #debt #financialplanning #peaceofmind

🌐 Title: “Navigating Power: Swords and Debt” 🗣️ Message: "John Adams once wisely said, ‘There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.’ As we observe the global stage, this truth resonates more than ever. Historically, empires expanded their territories through military might, leaving a trail of conquests and subjugated lands. However, in today’s interconnected world, economic power plays an equally crucial role. Consider the Economic Hit Man (EHM) strategy employed by nations like America and China. Through debt diplomacy, they extend their influence, subtly shaping the destinies of other countries. By offering loans, investments, and infrastructure projects, they gain control over economies, resources, and policies. But let us not forget that power, whether wielded by the sword or through debt, comes with responsibilities. As global citizens, we must advocate for transparency, fair trade, and sustainable development. Let us build bridges, not just walls. In this era of economic interdependence, let’s choose collaboration over coercion, understanding over aggression. Together, we can redefine power dynamics and create a world where prosperity is shared, not imposed. What are your thoughts on this delicate balance between swords and debt?" 🌟 Remember: Our choices shape the world. Let’s choose wisely. 💪🌎

The Founders' Attitude Toward Debt Vs Biden and the progressives! The Founding Fathers belonged to an age when debt was recognized for the ugly spectre that it really is. They considered frugality a virtue, and even when an emergency compelled them to borrow, they believed in borrowing frugally and paying back promptly, not selling America to our enemies. . Nearly everyone finds it to his advantage or absolute necessity to borrow on occasion. Debt becomes the only available means -- a necessary evil. Nevertheless, the Founders wanted the nature of debt to be recognized for what it is: evil, because it is a form of bondage. As Thomas Jefferson wrote: "The maxim of buying nothing without the money in our pockets to pay for it would make our country one of the happiest on earth. Experience during the war proved this; and I think every man will remember that, under all the privations it obliged him to submit to during that period, he slept sounder and awoke happier than he can do now." (Ford, Writings of Thomas Jefferson, 4:414.) Debts from Splurge Spending...do we do it? The Founders felt that the worst kind of debt is that which results from "splurge" borrowing -- going into debt to enjoy the temporary luxury of extravagantly living "beyond one's means." They knew the seductive snare which this possibility presents to the person who is watching other people do it. The English author William Makepeace Thackeray reflected those feelings when he wrote these words in Vanity Fair: "How well those live who are comfortably and thoroughly in debt: how they deny themselves nothing; how jolly and easy they are in their minds." (Vanity Fair, 2 vols. in 1, Thomas Y. Crowell Company, New York, 1893, 1:208.) But, of course, all the reveling and apparitions of debt financed prosperity disappear like a morning mist when it comes time to pay, Extravagant living, waste, and hazardous borrowing against the future can reduce the best of us to bankruptcy, abject poverty, and even gnawing hunger from lack of the most basic necessities of life. Universal human experience verifies the bitter reality of the parable of the prodigal son, who "would fain have filled his belly with the husks that the swine did eat" (Luke 15:16). The kind of frugality for which the Founders were famous was rooted in the conviction that debt should be abhorred like a plague. They perceived excessive indebtedness as a form of cultural disease. Tomorrow: Benjamin Franklin on Splurge Spending...Vs Biden’s U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 26 Apr 2024 at 12:47:49 PM GMT is: $38,601,256,435, 312.56! https://lnkd.in/en2CYuD9

Debt-Free Journey: Strategies for Paying Off Debt Faster in the USA Embarking on a debt-free journey is a financial goal many Americans aspire to achieve. This article delves into effective strategies for paying off debt faster in the USA, providing insights and answers to common questions surrounding personal finance. read more..... 👇 https://lnkd.in/dHDkYsb4

Facing Economic Uncertainty? Learn the Art of Debt Recovery in Unpredictable Times. Dive into my latest blog to uncover essential strategies. Let's navigate the storm – join me! #DebtRecovery #FinancialResilience #AdaptAndThrive https://lnkd.in/eCSUyxur

Hello everyone, I'm starting an online course of projecting public debt- The public debt dynamics tool

Check our lates insight from Jonathan Maverick.

Debt: Friend or Foe? Robert Kiyosaki, author of the book "Rich Dad Poor Dad" sparks controversy with his $1.2 billion debt strategy, challenging Dave Ramsey's debt-free mantra. Check out this article and dive into the debate on financial success!

🚨 Ringing the Alarm: The Immoral Legacy of America's Debt. Should it be in the US campaign? 🚨 🚨💥 Mark Spitznagel, the mastermind behind #UniversaI_Investment drops a truth bomb 💣 on America's debt dilemma! 💸📈 With a legacy of sky-high returns through his unique 'black swan' strategy, he's now voicing a harsh truth. 🚀🔍 💔 It's downright immoral," Spitznagel declares, spotlighting the colossal $34.5 trillion national debt as a ticking time bomb for future generations. 🕒💣 Our pursuit of prosperity on borrowed time? A legacy we're leaving that's anything but golden. 📉💔 💵 Decades of splurging and artificial market boosts have ballooned consumer and business debts, pushing us into the "greatest credit bubble in human history." 🌐💥 Spitznagel warns, it's not if, but when, this bubble bursts, echoing through our economy like never before. 💨🔥 🔮👶 What about our kids? Spitznagel, a father of two, is sounding the alarm: We're piling on a burden they never signed up for. 🛑 "Is this the legacy we want to leave?" he challenges us. 🤷♂️👣 🏦🔁 From bailouts to stimulus packages, short-term fixes have been the go-to. But these come at a steep price for future Americans. 📊💲 "A massive, immoral transfer of wealth," he critiques, pointing at a future where debt repayment will dwarf even defense budgets. 🚨🗽 🕰️⚠️ Time's ticking, with just 20 years to divert from a debt-to-GDP ratio hurtling towards 200%. 🌪️💡 Action is needed, and fast, but are we too late to avoid the inevitable economic hangover? 🚨🔧 💭 Spitznagel's plea: It's high time for politicians to forge a sustainable path forward. Yet, he fears we're spiraling towards a reality where the next generation has no choice but to follow in our debt-laden footsteps. 🔄💼 🌍📊 Are we doomed to repeat history, or can we rewrite our financial future? Join the conversation. #DebtCrisis #EconomicReform #FutureGenerations

For over a decade, companies and households became accustomed to plentiful, low-cost debt. As we move from zero-rate into structurally tighter financial conditions, how does household and corporate debt fare? Learn more.