Bernard Dozier Blog | Debt Ain't All It's Cracked Up To Be | Talkmarkets

Bernard Dozier was awed by economics as a five year old farm boy. Standing in the yard of a little farmhouse in south Arkansas he watched convoys of dilapidated vehicles carrying impoverished refugees and their belongings from the foreclosures of the Dust Bowl to an uncertain future ... more

Debt Ain't All It's Cracked Up To Be

Date: Wednesday, April 19, 2017 10:41 AM EDT

How many of us can give a comprehensive explanation of debt?

How many of us look beyond the attractiveness and convenience of debt to it's ugliness and bondage?

Let's consider debt from the radical viewpoint of a thoughtful, realistic, responsible, and honest consumer...

Debt is the irresistible pleasure of present consumption subtracted from the pleasure of income to be realized over a vague and endless future.

Debt is the illusion of wealth.

Debt is a self-extending mortgage on physical, mental, emotional, and financial health.

Debt, according to Tennessee Ernie Ford, is to "owe your soul to the company store."

Debt is a sly and unprincipled way of getting our grandchildren and great-grandchildren to tolerate austerity so we can consume more than the Joneses.

Debt is said not to matter...and it doesn't matter ... to the spender, or to one who can create money.

Debt makes things happen sooner than present resources allow.

Debt is based on the unverifiable assumption that future wealth will be greater than that of the present.

Debt has, as a silent hope, the possibility of something for nothing.

Debt is suspension of belief in the Universal Law of Cause and Effect.

Debt, sold on the "easy payment plan" is a cunning deception.

Debt is a velvet glove...with an iron fist inside.

Debt lets one be "King or Queen for a day"... and a prisoner for life.

Debt is servitude--self-imposed subjection.Slavery.

Debt makes taskmasters of lenders.

Debt is what follows the selling of the "sizzle."

Debt is a false eleven-inch measure of prosperity.

Debt promises, but never delivers, carefree living.

Debt is the sword suspended over the neck.

Debt today destroys tomorrow's peace of mind.

Debt can never be the King that Cash is.

Debt problems will explode when a cash-strapped government replaces cash with electronic digits.

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