Twitter   RSS   Email  
 
Home
Admin

 How the Global Economy is Dependent on Christianity


 Why America May Never Recover From the Recession


 Save Money Homeschooling


All Debt Is Bad Debt

By: Steve Johnson

12/15/2008 - 70 Comments

When the economy was booming, there was a debate about if debt is always bad.

Some argues that there was ‘good debt’ and ‘bad debt’.  The good debt was debt that was used to generate a positive cash-flow, such as borrowing money to buy rental property with a positive cash-flow.   Bad debt was debt that on depreciating consumer goods, like cars and clothes and furniture.  The money borrowed to purchase these items creates a negative cash-flow.

Today, the quickly collapsing housing market and the tightening of the entire economy feels like a rope around our neck.  This recession has brought a new appreciation for debt.  Like many other personal financial concepts of the old economy, good debt and bad debt no longer apply. 

The only thing we know is that all debt is bad and is capable of enslaving the borrower.  One day we were skipping down the bunny trail enjoying the land of milk and honey, and the next day we found ourselves chained to the door of the fox house, while he sharpens his knife inside.  Last year all we could think about was eating cotton candy at the next summer fair and now all we can think about it surviving until next summer.

Debt has always been bad. The only reason that it appeared to show some good qualities was because we were living in a phony economy - that was propped up by the Federal Reserve and congress.  The phony economy is quickly disappearing. Our understanding and appreciation about money is changing with the deepening recession.  The way money was used for the last decade along with most of the teaching about how to use money were wrong.

Money Revolution

We are at the beginning of the ‘money revolution’, where new ideas about money are gaining momentum and new agreements are forming in every house hold in America. We have been fooled, debt is not as fun as we thought it was. Debt is slavery. America must get out of debt as fast as we can and then change the way we live to never become a slave again. Make it a goal next year to free yourself of the bondage of debt (slavery). 

Copyright © 2017 PennyJobs.com. All rights reserved.

Empire of Debt

Many Americans have resisted the notion that their country is an imperial power. The idea seems to contradict the values of the Republic and its Founding Fathers. But in Empire of Debt, prominent financial analysts Bill Bonner and Addison Wiggin argue passionately that not only is the United States an empire, but it is also one whose end is coming soon.

Debt is Slavery

Michael gets to the point in just over a hundred pages. Most people do not have a good relationship with money. They have never taken the time to figure out how to use money to provide no only the essentials of life, but freedom and opportunity. Michael explains how to have 50% of your salary and gives a step by step example of how to create a budget and eliminate debt.

Crash Proof

Peter Schiff has predicted the economic hardship more accurately then any other economist in the world in this book. Everything from the housing crash to the credit crunch to the stock market. Peter has a plan to help you servive the crash. Peter explains why the Wall Street investment firms are still trying to sell you stocks, and was the house prices are likely to continue to decline for years to come.

The Speculation Economy

American businesses today are obsessed with the price of their stock, and no wonder. The consequences of even a modest decrease can be so dire that some executives would rather damage their corporation's long-term health than allow quarterly returns to fall below projections. But how did this situation come about? When did the stock market become the driver of the American economy? Lawrence E. Mitchell identifies the moment in American history when finance triumphed over industry.