Chris Martenson: Debtors Rescued

Meaning of Chris Martenson Money Quote: saying Savers must be punished with low interest rates, while debtors must pay high rates so more profitable loans can be offered and creating less savings. Chris Martenson said:

 

 

“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” — Chris Martenson

In this quote, Chris Martenson is criticizing the way economic policy has treated savers versus debtors. He argues that savers are essentially “punished” through low interest rates, while actions are taken to “rescue” debtors by making it easier for them to manage or reduce their debt burdens.

Martenson suggests the real motivation for this approach is to benefit the banking system. By helping debtors pay off or take on new loans, it allows banks to issue “more debts in the future” which they “need” to survive since they profit from interest on loans.

So in summary, Martenson is accusing policymakers of prioritizing the interests of banks over savers, by punishing savers to enable an endless cycle of more consumer debt that banks rely on for their business model to function.

Birthday: November 7, 1951 – Death: March 3, 2024

Matthew – Forgive Debts, Debtors

Meaning of Matthew 6:12 Money Quote: in well known Bible verse prays for debts as well as debtors to be forgiven. Matthew 6:12 said:

 

 

“And forgive us our debts, as we also forgive our debtors” — Matthew 6:12

In this verse from the Lord’s Prayer in the Bible, Jesus is teaching his followers about the importance of forgiveness. By saying “forgive us our debts, as we also forgive our debtors”, Jesus is conveying that people should ask God for forgiveness of their own sins or wrongdoings in the same spirit that they forgive others who have sinned against them.

The verse suggests a reciprocal relationship between the forgiveness we seek from God and the forgiveness we extend to others. It communicates that those who wish to be forgiven themselves should in turn genuinely forgive those who have debts or offenses against them. So the verse is emphasizing the virtue of forgiveness both in our relationship with God as well as our relationships with other people.

N.T. Wright: Worship Money Define

Meaning of N.T. Wright Money Quote: saying Those who focus on money often treat others as though they are assets of a financial nature. N.T. Wright said:

 

 

“Those who worship money increasingly define themselves in terms of it and increasingly treat other people as creditors, debtors, partners, or customers rather than as human beings” — N.T. Wright

This quote from N.T. Wright suggests that those who prioritize money above all else tend to see themselves and others primarily through the lens of financial roles and relationships rather than as whole human beings. Some key points in interpreting the perspective:

• Wright implies that an overemphasis on wealth can reduce one’s identity and interactions with others to monetary designations like “creditors, debtors, partners, customers” rather than appreciating people’s full humanity.
• He portrays an excessive focus on money as dehumanizing, viewing self and others mainly as financial actors engaged in transactions rather than as multidimensional individuals.
• However, money also enables important needs and opportunities, so a balanced interpretation is that financial security, relationships, purpose and life satisfaction all contribute to well-being according to personal philosophy and changing needs over the lifespan.

Overall, the quote conveys Wright’s belief that prioritizing wealth can compromise how people see each other. But the best analysis considers this perspective as one of many valid viewpoints, and recognizes that responsible stewardship of resources, compassionate policies, and open-hearted communities that empower individuals to freely pursue deeper callings according to their own values are all important for optimizing welfare and justice in society over generations as conditions change.

Ambrose Bierce: Debtors Forgetfulness Gift

Ambrose Bierce Money Quote saying the ability to forget payment of debts is a gift from the creator to compensate them for lack of conscience. Ambrose Bierce said:
 

 

“Forgetfulness. A gift of God bestowed upon debtors in compensation for their destitution of conscience” — Ambrose Bierce

In this quote, Ambrose Bierce is making a cynical commentary on forgetfulness and its relationship to debt. By calling forgetfulness a “gift of God” that compensates for the “destitution of conscience” of debtors, Bierce suggests that debtors who lack remorse or guilt about owing money are instead given the “gift” of being able to forget or ignore their debts.

He implies that rather than feel bad about debt, some choose to simply forget and not properly address their financial obligations. So in essence, the quote portrays forgetfulness as a way for debtors who lack a moral conscience about debt burdens to mentally escape or evade their responsibilities, rather than truly resolving their debts in a principled way.

Bierce presents this notion in a critical manner that casts forgetfulness as an unethical substitution for atoning for one’s financial obligations.

Birthday: June 24, 1842 – Disappeared: c. 1914

Marcus Tullius Cicero: Memory of Old People

Marcus Tullius Cicero Money Quotation saying old people are not forgetful where spending or owing money is involved. Marcus Tullius Cicero said:
 

 

“Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors” — Marcus Tullius Cicero

In this quote, Marcus Tullius Cicero is making an observation about what older people tend to remember as they age. When he says older people recall “the dates fixed for their lawsuits, and the names of their debtors and creditors”, Cicero suggests that the legal and financial details seniors store in their memory often relate to self-interested matters rather than broader knowledge.

He implies the elderly predominantly remember specifics that pertain to their own financial situations and legal affairs, like dates for court cases, and who owes them money or who they owe. The quote conveys Cicero’s view that advanced age can come with a narrowing of memory focused more on personal issues rather than retaining a wide range of information.

Birthday: January 3, 106 BC – Death: December 7, 43 BC