Comments on: Debt detox, purging and parasite cleansing. http://www.debtonation.org/2009/02/debt-detox-purging-and-parasite-cleansing/ Wed, 08 Feb 2012 08:39:46 +0000 hourly 1 By: ann http://www.debtonation.org/2009/02/debt-detox-purging-and-parasite-cleansing/comment-page-1/#comment-630 ann Mon, 16 Feb 2009 15:16:57 +0000 http://debtonation.org/?p=1621#comment-630 Mr. Kindlingman....Credit becomes debt when it has to be repaid; and debt becomes a burden when it is not repayable....So in the good times credit is issued and appears harmless and plentiful - especially when asset prices are high. To many companies/individuals it appears repayable, and so is not a burden. But in bad times (e.g. after the 1929 crash when asset prices fell) it becomes a burden to repay, and may then be compounded as interest rates are hiked on delayed repayments.....That is when the mountain of debt grows bigger. During the good times it was a mountain of credit, supposedly doing good...... Mr. Kindlingman….Credit becomes debt when it has to be repaid; and debt becomes a burden when it is not repayable….So

in the good times credit is issued and appears harmless and plentiful – especially when asset prices are high.

To many

companies/individuals it appears repayable, and so is not a burden. But in bad times (e.g. after the 1929 crash when asset prices fell) it becomes

a burden to repay, and may then be compounded as interest rates are hiked on delayed repayments…..That is when the mountain of debt grows bigger.

During the good times it was a mountain of credit, supposedly doing good……

]]> By: kindlingman http://www.debtonation.org/2009/02/debt-detox-purging-and-parasite-cleansing/comment-page-1/#comment-617 kindlingman Mon, 09 Feb 2009 13:18:43 +0000 http://debtonation.org/?p=1621#comment-617 Sorry, I meant to say "unclear that the chart shows the problem (debt) was related before 1929." Sorry, I meant to say “unclear that the chart shows the problem (debt) was related before 1929.”

]]> By: kindlingman http://www.debtonation.org/2009/02/debt-detox-purging-and-parasite-cleansing/comment-page-1/#comment-616 kindlingman Mon, 09 Feb 2009 13:14:28 +0000 http://debtonation.org/?p=1621#comment-616 Please explain why the chart shows more debt after the crash than before. I refer to your statement "In the run-up to the stock market bust of 1929, as in the run-up to the ‘debtonation’ of 2007 - the unregulated private finance sector created and sold credit as if there was no tomorrow." The chart does not show this to be true but shows that debt was highest when the depression was in full swing. I don't disagree that debt is the problem, just unclear that the chart shows the problem is related to 1929. Please explain why the chart shows more debt after the crash than before. I refer to your statement “In the run-up to the stock market

bust of 1929, as in the run-up to the ‘debtonation’ of 2007 – the unregulated private finance sector created and sold credit as if there was no

tomorrow.”
The chart does not show this to be true but shows that debt was highest when the depression was in full swing.
I don’t disagree

that debt is the problem, just unclear that the chart shows the problem is related to 1929.

]]> By: Tax Research UK / Debt as a percentage of US GDP http://www.debtonation.org/2009/02/debt-detox-purging-and-parasite-cleansing/comment-page-1/#comment-607 Tax Research UK / Debt as a percentage of US GDP Tue, 03 Feb 2009 09:11:24 +0000 http://debtonation.org/?p=1621#comment-607 [...] Read more here. [...] [...] Read more here. [...]

]]>