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Money and Debt Memes
Debt isn't money- productivity is money. Money is liquid production.
Money is a tool to facilitate trade. But our whole economy is based on debt. We borrow, companies borrow and countries borrow. Credit card debt and sovereign debt are at record levels.
Junk bonds and sovereign bonds paid in USD are in serious jeapordy. Emerging markets are too.
Debt debt debt. Follow Dave Ramsey for some sanity.
Posted on Hive, Blurt and Steemit
