the danger of debt

Upload: ekai-center

Post on 06-Apr-2018

232 views

Category:

Documents


0 download

TRANSCRIPT

  • 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