Dave Ramsey: Payment Mortgage Loan

Posted by admin on Monday, January 15, 2018

Dave Ramsey Money Quote saying we are so inured to debt that we can only imagine ongoing payments for everything we possess, purchased with credit. Dave Ramsey said:
 

 

“Debt is so ingrained into our culture that most Americans cannot even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card” — Dave Ramsey

 
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Andreas Antonopoulos: Text Phone, Bank

Posted by admin on Monday, January 2, 2017

Andreas Antonopoulos Money Quote saying in his book ‘Internet of Money’ that the rapid expansion of Fintech to rural areas will lead to economic growth in rural areas without a bank. Andreas Antonopoulos said:

What do you think happens when you suddenly are able to turn a simple text-messaging phone in the middle of a rural area in Nigeria, connected to a solar panel, into a bank terminal? Into an international loan-origination system?
A stock market? An IPO engine?
— Andreas Antonopoulos

Pope Francis: Influence of Mammon

Posted by admin on Friday, October 2, 2015

Pope Francis Money Quotation saying (in a reference to the first commandment) that the idolatry of money worship leads finance industry to take advantage of poor workers. Pope Francis said:

The new colonialism takes on different faces. At times it appears as the anonymous influence of mammon: corporations, loan agencies, certain ‘free trade’ treaties, and the imposition of measures of ‘austerity’ which always tighten the belt of workers and the poor
— Pope Francis

William Shakespeare: Loans Hurt Friendship

Posted by admin on Sunday, March 8, 2015

William Shakespeare Money Quotation saying in Hamlet that losses on loans come to both parties when they start as friends. William Shakespeare said:
 

 

Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry
– William Shakespeare

 
Born April 23, 1564 – Died April 23, 1616
 
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#TalkLikeShakespeareDay April 23

Irving Fisher: Loan Transactions

Posted by admin on Sunday, July 25, 2010

Irving Fisher Money Quotation tells us that the money in circulation is controlled by banks that don’t actually have possession of that money.

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess

— Irving Fisher