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To: Jim Noble
Every time the economy grows, they book OUR debts as THEIR assets.

If you took an accounting class, you'd know that a debt is always someone else's asset.

If you put money in the bank, the bank is now in debt to you.

51 posted on 04/22/2015 7:06:33 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

“...a debt is always someone else’s asset.”

I actually did take a principles of accounting and now I understand so much more with that one sentence.

I also now understand why God said do not owe anyone any money and why we should never charge interest.

Being in debt is slavery, and being the asset owner is power and leads to pride and greed.


54 posted on 04/22/2015 8:31:08 PM PDT by huldah1776
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To: Toddsterpatriot
....debt is always someone else's asset.

You are correct in that

But we are at a different stage.

If I owe you $100,000.00 I am your slave.
If I owe you $100,000,000.00 you are my slave.

You will do what you can as fast as you can to keep yourself afloat and rid yourself of me. Only problem is, you can't and that's where bad things start to happen.

71 posted on 04/23/2015 2:24:47 PM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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