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<D>
Debt
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★ Debt

No-one else in this market has had the balls to commit suicide.  ibid.  Gekko to Jacob

 

Money’s a bitch that never sleeps.  ibid.

 

You’re not doing her any favours.  And you’re not preventing it from happening again.  ibid.  her to him

 

It was one of my co-conspirators who tipped off the Feds.  And that pious piranha Bretton James – he had just enough money to sink me.  ibid.  Gekko to Jacob      

 

This is the greatest bubble story of all time ... They called it Tulipomania.  ibid.

 

Your firm knows sub-primes are crap.  ibid.  

 

This is too big to fail ... There’s about seventy plus trillion out there in credit default swaps held by roughly seventeen banks, and we do not know where the bottom is.  ibid.  Bretton to Bill at Federal Reserve

 

Scare them.  Tell them the truth ... In five days we’re all gone.  ibid.

 

You are asking for the biggest bail-out in the history of this country.  ibid.  Bill to Federal Reserve

 

You are the worst kind of toxic debt the system is polluted with.  ibid.  Jacob to Bretton

 

Talk about an evil empire; it puts me to shame.  ibid.  Gekko to Jacob

 

Repeat the insanity till the next bubble blows.  And that’ll be the one.  The big one.  ibid.

 

It’s not about money; it’s about the game, the game between people.  ibid.

 

Sit down, Mr James.  This is only a preliminary preceding but I want you to know you are under investigation on accusations of tax evasion and stock manipulation through among others an entity known as Locust Fund.  ibid.  investigator

 

Human beings we got to give them a break.  We’re all mixed bags.  ibid.  Gekko to Winnie & Jacob

 

 

Presenter: Simply flooded the system with money

 

Jerome Powell: Yes, we did.  The Great Reset & the Rise of Bitcoin, 60 Minutes interview, 2022

 

Which means you need to print money to solve that debt.  ibid.  Greg Foss  

 

And with each cycle, our economy continues accumulating debt indefinitely because we prefer borrowing to repaying debt.  ibid.  commentary

 

Governments will never show us the true inflation numbers, and they will not attribute it: 356% as share of GDP.  ibid.  

 

We can see the sharp increase of the global debt even in just the most recent years.  ibid.

 

These solutions are not necessarity in the best interests of citizens and their personal freedom … The Great Reset … Part of their plan is the creation of central bank currencies  CBDCs.  This would allow central banks to have a new monetary system that they could detach from the present one.  ibid.      

 

Decentralisation in Bitcoin is the fact that no-one controls the network.  It is an open, secure network.  ibid.

 

No other assets in the world provides this level of security.  ibid.  

 

The reason they want to ban Bitcoin is they know the power that it has.  ibid.  

 

‘It is important to understand that the fiat system was not a carefully, consciously, or deliberately designed financial operating system like Bitcoin; rather, it evolved through a complex process of compromise between political constraints and expedience.’  ibid.  Saifedean Ammous, The Fiat Standard

 

Bitcoin is a real asset and it’s here to stay.  ibid.  

 

 

A new challenge on Dave’s horizon  payday loans. These short-term high interest loans are causing massive debt problems, and more and more borrowers are calling on Dave’s bank to help.   Dave Fishwick: Loan Ranger, Channel 4 2014 

 

The number seeking help is doubling ever year.  ibid.

 

 

The $1.7 trillion of student debt … Studying debt more generally and the kind of role it has in our neoliberal economy helps us understand why student loan debt is probably not going away any time soon.  Why Student Debt is So Hard to Forgive, Youtube 15.36, Second Thought 2022

 

Debt has become the de facto logic of governance.  ibid.

 

 

Can the US solve its debt ceiling crisis in time? … Deep divisions remain … Republicans want to see deep spending cuts.  Inside Story: US Debt Ceiling Crisis, 26.23 Al Jazeera 2023

 

 

Looking sharp is one thing but the money being dropped on drip seems to be out of control.  Whether it’s jewellery, clothes, or boozy holidays and fast cars … what are the consequences when you don’t have the cash to keep up?  And how much debt are we prepared to get into to stay drippy?  Untold: Addicted to Drip, Channel 4 2023

 

46% of 16-34-year-olds are in debt due to purchasing luxury items.  ibid.

 

 

What happens if the US government can’t pay its debt? … The US government … has hit the ceiling legally mandated by Congress on how much it can borrow.  United States Debt Ceiling, 24.02, Al Jazeera 2003

 

 

Emelia’s credit card debt is $16,000 which is just above the national household average of $15,000.  Meet the Working Class: Hard Earned, Youtube 47.17, Endevr 2023

 

Only 39% of student loan borrowers are succeeding in paying down their balance.  The remaining 61% are either in delinquency, deferment or forbearance.  ibid.      

 

Student loan debt has surpassed credit card debt.  ibid.  

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