{"quotes":[{"text":"If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.","author":"John Maynard Keynes","tags":["banking","debt","economics"],"id":587,"author_id":"John+Maynard+Keynes"},{"text":"I'm constantly questioning the effects technology has had on our lives and the effect that monetary debt has had on all of us. We keep this as a dark little secret: 'This is how much interest I owe.'.","author":"Rami Malek","tags":["dark","debt","secret "],"id":1810,"author_id":"Rami+Malek"},{"text":"Debt is great source of inner unhappiness.","author":"Debasish Mridha","tags":["debasish-mridha","debasish-mridha-md","debt","inner-unhappiness","inspirational","philosophy","quotes","source-of-unhappiness"],"id":3964,"author_id":"Debasish+Mridha"},{"text":"Can the law get blood out of a stone? I haven't any money.","author":"W. Somerset Maugham","tags":["debt","law","law-enforcement","poverty"],"id":11067,"author_id":"W.+Somerset+Maugham"},{"text":"In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or 'monetize' the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist.","author":"David Graeber","tags":["banking","debt","england","money"],"id":12171,"author_id":"David+Graeber"},{"text":"If history shows anything, it is that there's no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt—above all, because it immediately makes it seem that it's the victim who's doing something wrong.","author":"David Graeber","tags":["debt","morality","violence"],"id":12257,"author_id":"David+Graeber"},{"text":"A country of free men is not free if they are owned by somebody else.","author":"Joseph P. Sekula","tags":["constitution","debt","government","history"],"id":12323,"author_id":"Joseph+P.+Sekula"},{"text":"Savers have to be punished so debtors can be saved.Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.And why is that important? Because the banking system needs ever more loans in order to survive.","author":"Chris Martenson","tags":["banking","banking-system","banks","corrupt","corruption","debt","debtor","economics","economy","finance","future","loans","money","politics","punish","punishment","rescue","save","savers","saving","savings"],"id":15350,"author_id":"Chris+Martenson"},{"text":"Always remember this, Henri. Men trade for profit. They are driven by greed. But debt is about fear, and fear is stronger than greed. The true power, the weapon that defeats all others, is debt. Fools search for gold. The wise man studies debt. That is the key to all business.","author":"Edward Rutherfurd","tags":["business","debt","fear","fools","greed","power"],"id":19704,"author_id":"Edward+Rutherfurd"},{"text":"The speed of your success is limited only by your dedication and what you're willing to sacrifice.","author":"Nathan W. Morris","tags":["debt","dedication","financial-freedom","inspirational","money","money-management","success","success-self-improvement"],"id":25692,"author_id":"Nathan+W.+Morris"}],"pagination":{"page":1,"page_size":10,"total":135,"pages":14,"next":"?page=2\u0026page_size=10"}}