Debt Is The New Rocket Fuel of Economic Growth & Means To Personal Enrichment
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2017 Jan 9, 8:36pm 959 views 7 comments
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2017 Jan 9, 8:39pm
If you can borrow $100,000, $300,000, $1,000,000, $10,000,000, $500,000,000, $1,000,000,000, $100,000,000,000 - do it.
Don't even hesitate.
Those who have no means to pay back the loans won't even get $1,000.
Pledge your organs and family members and buy millions in life insurance and pledge that as collateral, too; come up with an elaborate con-pyramid scheme or launder money.
Whatever it takes!
Use the first borrowed $50,000 and leverage it in an elaborate pyramid scheme 100 to 1, so that you now have $5,000,000 to work with, and then leverage that 5 million to 100x again!!
He probably meant Boston U as in University.
My spellchecker does the same stupid thing, plus, that's where Kotlikoff teaches (I looked it up).
Donald Trump's son, Jared Kushner, and his family, also live like royalty and are in deep debt with both Israel's biggest bank and many Manhattan banks (Kushner Inc. just bought a property in Dumbo, New York from Jehovah's Witnesses for w billion USD, a price that other established-developers claimed is literally insane (Israel's biggest bank financed the transaction).
2 billion dollar Antilla:
Global debt now equals 350% of Global GDP.
Japan's debt is officially 240% of its GDP, but in reality, its actually closer to 7x that (1,900%).
The U.S. officially lists its debt as 110% of GDP, but as Lawrence Kotlikoff (of Boston You and former Chief Economic Advisor to Reagan) has proven, if one includes unfunded liabilities, the U.S. has actual debt of 220 trillion USD.
Donald Trump is estimated to have a negative net worth of 1.8 billion USD (much, coincidentally, owed to Wall Street banks and Goldman Sachs, in particular), yet lives likes a King.
All of those of us who life within our means are idiots. We should all borrow as much money as possible and then just blow it all and grab for air in our pockets when the debt collectors come and tell them to fuck off.
If you can borrow $100,000, $300,000, $1,000,000, $10,000,000, $500,000,000, $1,000,000,000, $100,000,000,000 - do it.
Don't even hesitate.
In fact, the more you borrow, the better chance you'll have to rape the entities loaning the monies to you.
When Trump went tits up with the Taj Mahal, he owed 18 lenders 3.4 billion, and they agreed to forgo his debts, kept him on as CEO of Trump Casinos & Resorts, and paid him a salary of $450,000 per month - in the early 1990s (they also let him keep golf courses, a yacht, a fleet of cars, 4 mansions, etc.).
We're the suckers.
It's a brave new world. Borrow until your balls and tits explode.
#BorrowBillionsYOLO