debt

First our pleasures die - and then our hopes, and then our fears - and when these are dead, the debt is due dust claims dust - and we die too.

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.

A small debt produces a debtor; a large one, an enemy.

The world, and everyone in it is subject to environmental limits. Conventional economics believes that these limits are not there and anything can be substituted if the price is right. Acclaimed environmentalist Richard Heinberg disagrees. He thinks we have reached the end of two centuries of frenetic growth powered by fossil fuels. The current financial crisis is one of the symptoms of a system that is being wrecked, not just by debt but resource depletion and environmental devastation. [Central assertion of his book, "The End of Growth: Adapting to Our New Economic Reality"

Meanwhile, the unwinding of decades of buildup in debt has created the conditions for a once-in-a-century financial crash

One key factor was the severance of money from its moorings in precious metals, a process that started over a century ago. Once money came to be based on debt (so that it was created primarily when banks made loans), growth in total outstanding debt became a precondition for growth of the money supply and therefore for economic expansion. With virtually everyone

The end of growth is the ultimate credit event, as everyone gradually comes to realize there will be no surplus later with which to repay interest on debt that is accruing now.

Do not accustom yourself to consider debt only as an inconvenience. You will find it a calamity.

A promise made is a debt unpaid.

Millions for defence, but not one cent for tribute.

We have so many people who can't see a fat man standing beside a thin one without coming to the conclusion that the fat man got that way by taking advantage of the thin one!

Let me assure my countrymen of the Southern States that it is my earnest desire to regard and promote their truest interest — the interests of the white and of the colored people both and equally — and to put forth my best efforts in behalf of a civil policy which will forever wipe out in our political affairs the color line and the distinction between North and South, to the end that we may have not merely a united North or a united South, but a united country.

The filth and noise of the crowded streets soon destroy the elasticity of health which belongs to the country boy.

Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, always perseveres.

Be every man's friend, but in your mind remain alone.

Do not discourage your children from hoarding, if they have a taste to it; whoever lays up his penny rather than part with it for a cake, at least is not the slave of gross appetite; and shows besides a preference always to be esteemed, of the future.

One reason God created time was so that there would be a place to bury the failures of the past.

The government of a nation itself is usually found to be but the reflux of the individuals composing it. The government that is ahead of the people will be inevitably dragged down to their level, as the government that is behind them will in the long run be dragged up.

The usual approach of science of constructing a mathematical model cannot answer the questions of why there should be a universe for the model to describe. Why does the universe go to all the bother of existing?