Download - The Danger of Debt
-
8/3/2019 The Danger of Debt
1/13
_hazb _ndagt
Ucg Edakgr Egmt _hsgs th tcg [gstgra [hrne
Dngxdaegr Luak
?4/?7/=?4=
Jhuatrbgs drhuae tcg whrne, pdrtbjundrny ba tcg [gst, drg chpgngssny ba tcg rge, wbtc
egmt rbsbak gvgry edy. Gvga whrsg, phnbtbjbdas sggf pdrdnyzge, uadmng -- hr uawbnnbak --th eh daytcbak dmhut bt. Bt bs d knhmdn ebsdstgr tcdt tcrgdtgas tcg bffgebdtg `uturg. Mut
tcgrg fbkct mg d wdy hut.
[cga Jdrnh _hazb, d ebscwdscgr `rhf _drfd, Btdny, bffbkrdtge th tcg Wabtge Ztdtgs ba
42?:, cg cde $=.7? ba cbs phjigt dae d fbnnbha-ehnndr ergdf ba cbs cgde. Cg wds dmng
th `un`bnn tcdt ergdf, dt ngdst tgfphrdrbny.
_hazb prhfbsge pghpng tcdt cg whune funtbpny tcgbr fhagy ba d fbrdjunhus wdy< my 7?
pgrjgat ba sbx wggis. [btc cbs jdrg`unny pdrtge cdbr dae jcdrfbak djjgat, _hazb
mgkubnge bavgsthrs dae `ugnge tcgbr dvdrbjg. Ucg `brst bavgsthrs rdige ba `datdstbj
rgturas. [cdt tcgy ebea't iahw wds tcdt _hazb wds sbfpny usbak tcg agxt bavgsthrs'
fhagy th pdy tcgf tcgbr prh`bts.
Ucg sjcgfg jhatbauge. Uga bavgsthrs turage bath 4??, dae 4?? bavgsthrs turage bath
4,???, uatbn tcg sjdf wds ebsjhvgrge. _hazb spgat fday ygdrs ba prbsha, dae cg ebge d
pdupgr ba 4252. Mut cbs adfg rgfdbas bfphrtdat th gvgry jrbfbahnhkbst thedy -- dae
gvgry gjhahfbst.
Gjhahfbsts usg tcg tgrf "_hazb sjcgfg" th egsjrbmg d ebsdstrhus fgjcdabsf ba wcbjc
shfghag pdys h`` hne egmt my jhastdatny tdibak ha agw egmt. Ucg rgpdyfgat h` tcg
egmt -- tcg fhst rgjgat nhdas, pnus batgrgst -- bs eg`grrge bath tcg ebstdat `uturg,
`ugnbak da gtgradn prhjgss h` egmt rg`badajbak.
Bt's tcg jndssbj pyrdfbe, hr sahwmdnn sjcgfg, prdjtbjge my tchusdaes h` jha drtbsts
d`tgr _hazb. Ucg fhst spgjtdjundr jdsg wds tcdt h` Agw Rhri `badajbgr Mgradre
Fdeh``, wch wds rgsphasbmng `hr nhssgs h` dmhut $=? mbnnbha my =??3. Zahwmdnns drg
sgt bath fhtbha, mgjhfbak mbkkgr dae mbkkgr ds tcgy rhnn dnhak. Ba tcg whrst jdsg, tcgy
gae ba da dvdndajcg tcdt tdigs gvgrytcbak gnsg wbtc bt.
[gstgra gjhahfbgs cdvg aht djtge fujc eb``grgatny tcda tcg `rduestgr Fdeh``. Ba
=?44, tcgy wgrg vbrtudnny bauaedtge wbtc mde agws dae hne sbas. Dnfhst gvgryhag -- ba
-
8/3/2019 The Danger of Debt
2/13
Gurhpg dae ba tcg Wabtge Ztdtgs -- cds mgga nbvbak mgyhae tcgbr fgdas, `rhf
jhasufgrs th phnbtbjbdas th gatbrg jhuatrbgs. Khvgrafgats cdvg mgjhfg sgrvdats th
tcg fdrigts upha wcbjc tcgy cdvg mgjhfg egpgaegat.
Mbkkgr Zahwmdnns
Ha da dnfhst wgginy mdsbs, tcg rgphrts cdvg mgjhfg fhrg whrrbshfg dae tcg sufs
h` fhagy bavhnvge fhrg stdkkgrbak. Fday drg ahw jhajgrage tcdt, ds =?4= mgkbas,
tcg sahwmdnns wbnn hany kgt mbkkgr -- dae rhnn `dstgr