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I will admit that you are right on that. It's a tough spot to be in. I bought, and yet to fully read, "Debt - The first 5000 years". One of the things the

by knob 9y ago

I will admit that you are right on that. It's a tough spot to be in. I bought, and yet to fully read, "Debt - The first 5000 years". One of the things the book states at the start is what you are saying: Not every debt has to be paid off. One of the risks creditors take is the possibility of having a debt not paid back. I also remember how Haiti was, to this day, punished via monetary means. Haiti wanted freedom? Fine... they will (and did) cripple the entire country. Another example from the book: Madagascar. The French invaded, and took out their Queen. Then imposed taxes on the population as to get back the money they invested in the invasion/war. wtf

vkou 9y ago
> Another example from the book: Madagascar. The French invaded, and took out their Queen. Then imposed taxes on the population as to get back the money they invested in the invasion/war. wtf We currently charge imprisoned people for room and board for their jail stays. http://www.bbc.com/news/magazine-34705968 http://www.bbc.com/news/magazine-34705968
thehappy 9y ago
> Another example from the book: Madagascar. The French invaded, and took out their Queen. Then imposed taxes on the population as to get back the money they invested in the invasion/war. wtf That's a leveraged buyout. Borrow money to take control of another entity. Use revenue from the target entity to pay that debt. Profit.