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# they are. It is in the
by SIERRAHPBT
1 sec ago
1 sec ago
# Sorry to say this, but you've
by tamckissick
28 sec ago
28 sec ago
# I don't watch the show...
by bcfast
2 min 11 sec ago
2 min 11 sec ago
# Wow. Awesome. Thank you.
by Michael Nystrom
3 min 30 sec ago
3 min 30 sec ago
# Hes in hiding with the rest of the criminal class
by Ira Freeman
3 min 39 sec ago
3 min 39 sec ago
# another good interview...
by goldenequity
3 min 59 sec ago
3 min 59 sec ago
# words only have as much power as you give them
by Reconstituter001
6 min 52 sec ago
6 min 52 sec ago
# When Things Go Off Script
by dutk0004
7 min 30 sec ago
7 min 30 sec ago
# Thanks & good luck
by Michael Nystrom
10 min 53 sec ago
10 min 53 sec ago
# but in his book he is ok
by Reconstituter001
11 min 24 sec ago
11 min 24 sec ago
# Thanks William!
by John Robb
11 min 43 sec ago
11 min 43 sec ago
# yup, I never really cared for Brand until coming across this
by Reconstituter001
12 min 53 sec ago
12 min 53 sec ago
# Yep...
by goldenequity
14 min 30 sec ago
14 min 30 sec ago
# We're not done yet
by Michael Nystrom
17 min 11 sec ago
17 min 11 sec ago
# I don't 'know' that JPM is long 50k gold contracts
by Michael Nystrom
18 min 12 sec ago
18 min 12 sec ago
# No question
by JackieK
18 min 17 sec ago
18 min 17 sec ago
# Only down 1.34%? Greenspan's sneeze did more damage.
by fightapathy
18 min 54 sec ago
18 min 54 sec ago
# A visualization of the premise of the book...
by chris cudnoski
19 min 2 sec ago
19 min 2 sec ago
# good luck.
by SIERRAHPBT
23 min 17 sec ago
23 min 17 sec ago
Book Talk
updates hourly, more at the Bookshelf
Michael Nystrom says:Bump
nolongerperplexed says:If that is the choice, then it is getting to be a tough call..What One Hundred Years of Theft Has Done to the Average American WorkerPolls Should Not Matter on PRISM and Government Spying on CitizensThe 6th Pillar of Localism: Eight Counties Want to Leave ColoradoJim Rogers Endorses Key Localist Concept
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Comment: OK, I think I get this
OK, I think I get this
If I'm reading this correctly, the debt instrument is akin to a battery. When the debt is "charged", the borrower has given it "currency" by agreeing to pay it off in the future. As the debt is payed off, currency is drained from the battery and put to work as economic energy. When it is fully paid off, it has expended all of its potential energy.
But when the borrower cannot repay the debt, it is "discharged" and thus no longer has "currency". However, it is still a battery capable of carrying a charge in the future.
Nice.
What he said!
http://www.tragedyandhope.com
http://www.im2moro.com
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