Debt Settlement Quotes

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Resentment attacks our vital forces and does us much harm. When someone has made us suffer, our tendency is to keep the memory of the wrong alive in our minds, like a “bill” we will produce in due time to demand settlement. Those accumulated bills end up poisoning our lives. It is wiser to cancel every debt, as the Gospel invites us to. In return, we will be forgiven everything, and our hearts will be set free, whereas nurturing resentment toward others closes us to the positive things they could contribute to us.
Jacques Philippe (Interior Freedom)
Your emotions will wander like a vagabond when you're indebted. Those happy moments with friends will soon be interrupted with a frowning creditor in your sub-conscious, and all your frenzy will be taken aback.
Michael Bassey Johnson
Boaderland: Where women could be given away by their husbands to pay debts, and young, rowdy gallants from Wonderland, fresh from the rigors of formal education, came to indulge themselvs in roving pleasure tents; where maps were useless because the nation consisted wholly of nomadic camps, settlements, towns and cities, and a visitor might find the country's capital, Boarderton, situated in the cool sgadows of the Glyph Cliffs one day but spread out along Fortune Bay the next.
Frank Beddor
For my own Part, when I am employed in serving others, I do not look upon myself as conferring Favours, but as paying Debts. In my Travels, and since my Settlement, I have received much Kindness from Men, to whom I shall never have any Opportunity of making the least direct Return. And numberless Mercies from God, who is infinitely above being benefited by our Services. Those Kindnesses from Men, I can therefore only Return on their Fellow Men; and I can only shew my Gratitude for these mercies from God, by a readiness to help his other Children and my Brethren. For I do not think that Thanks and Compliments, tho’ repeated weekly, can discharge our real Obligations to each other, and much less those to our Creator.
Benjamin Franklin
1 and 2. The United States represents less than 5 percent of the world’s population; it consumes more than 25 percent of the world’s resources. This is accomplished to a large degree through the exploitation of other countries, primarily in the developing world. Point 3. The United States maintains the largest and most sophisticated military in the world. Although this empire has been built primarily through economics—by EHMs—world leaders understand that whenever other measures fail, the military will step in, as it did in Iraq. Point 4. The English language and American culture dominate the world. Points 5 and 6. Although the United States does not tax countries directly, and the dollar has not replaced other currencies in local markets, the corporatocracy does impose a subtle global tax and the dollar is in fact the standard currency for world commerce. This process began at the end of World War II when the gold standard was modified; dollars could no longer be converted by individuals, only by governments. During the 1950s and 1960s, credit purchases were made abroad to finance America’s growing consumerism, the Korean and Vietnam Wars, and Lyndon B. Johnson’s Great Society. When foreign businessmen tried to buy goods and ser vices back from the United States, they found that inflation had reduced the value of their dollars—in effect, they paid an indirect tax. Their governments demanded debt settlements in gold. On August 15, 1971, the Nixon administration refused and dropped the gold standard altogether.   Washington
John Perkins (The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World (John Perkins Economic Hitman Series))
We should not forget that before being inscribed in Western consciousness as the principle of quantification, harmony, and classical non-existence, Greek measurement was an immense social and polymorphous practice of assessment, quantification, establishing equivalences, and the search for appropriate proportions and distributions. We can see how introducing measure is linked to a whole problem of peasant indebtedness, the transfer of agricultural properties, the settlement of debts, equivalence between foodstuff or manufactured objects, urbanization, and the establishment of a State form. The institution of money appears at the heart of this practice of measurement.
Michel Foucault (Lectures on the Will to Know: Lectures at the Collège de France, 1970-1971, & Oedipal Knowledge)
And here were these freemen assembled in the early morning to work on their lord the bishop's road three days each—gratis; every head of a family, and every son of a family, three days each, gratis, and a day or so added for their servants.  Why, it was like reading about France and the French, before the ever memorable and blessed Revolution, which swept a thousand years of such villany away in one swift tidal-wave of blood—one:  a settlement of that hoary debt in the proportion of half a drop of blood for each hogshead of it that had been pressed by slow tortures out of that people in the weary stretch of ten centuries of wrong and shame and misery the like of which was not to be mated but in hell. There were two "Reigns of Terror," if we would but remember it and consider it; the one wrought murder in hot passion, the other in heartless cold blood; the one lasted mere months, the other had lasted a thousand years; the one inflicted death upon ten thousand persons, the other upon a hundred millions; but our shudders are all for the "horrors" of the minor Terror, the momentary Terror, so to speak; whereas, what is the horror of swift death by the axe, compared with lifelong death from hunger, cold, insult, cruelty, and heart-break?  What is swift death by lightning compared with death by slow fire at the stake?  A city cemetery could contain the coffins filled by that brief Terror which we have all been so diligently taught to shiver at and mourn over; but all France could hardly contain the coffins filled by that older and real Terror—that unspeakably bitter and awful Terror which none of us has been taught to see in its vastness or pity as it deserves.
Mark Twain (A Connecticut Yankee in King Arthur's Court)
Points 1 and 2. The United States represents less than 5 percent of the world’s population; it consumes more than 25 percent of the world’s resources. This is accomplished to a large degree through the exploitation of other countries, primarily in the developing world. Point 3. The United States maintains the largest and most sophisticated military in the world. Although this empire has been built primarily through economics—by EHMs—world leaders understand that whenever other measures fail, the military will step in, as it did in Iraq. Point 4. The English language and American culture dominate the world. Points 5 and 6. Although the United States does not tax countries directly, and the dollar has not replaced other currencies in local markets, the corporatocracy does impose a subtle global tax and the dollar is in fact the standard currency for world commerce. This process began at the end of World War II when the gold standard was modified; dollars could no longer be converted by individuals, only by governments. During the 1950s and 1960s, credit purchases were made abroad to finance America’s growing consumerism, the Korean and Vietnam Wars, and Lyndon B. Johnson’s Great Society. When foreign businessmen tried to buy goods and ser vices back from the United States, they found that inflation had reduced the value of their dollars—in effect, they paid an indirect tax. Their governments demanded debt settlements in gold.
John Perkins (The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World (John Perkins Economic Hitman Series))
Christ is the all-sufficient Husband who willingly weds himself to us. On the one hand, he has taken full responsibility for all our debts, and on the other hand, his honor and riches and the inestimable value of his eternal estate are now all ours—“our debts are paid, our settlements secured, and our names changed.”25 He now deals with us with great affection, as is proper toward his bride, and we are given his “great love, tenderness, and sympathy.” In the coming wedding of the church to Christ we are brought face-to-face with the divine affections. “The gospel is not designed to make us stoics: it allows full room for those social feelings which are so necessary and beneficial in our present state,” writes Newton, and the affections and beauty and mutual love in the greatest marriage on earth are but an echo of the beauty in the gospel.
Tony Reinke (Newton on the Christian Life: To Live Is Christ)
Spearing a quail egg with her fork, Evie popped it into her mouth. “What is to be done about Mr. Egan?” His shoulders lifted in a graceful shrug. “As soon as he is sober enough to walk, he’ll be dismissed.” Evie brushed away a stray lock of hair that had fallen over her cheek. “There is no one to replace him.” “Yes, there is. Until a suitable manager can be found, I’ll run the club.” The quail egg seemed to stick in her throat, and Evie choked a little. Hastily she reached for her wine, washed it down, and regarded him with bulging eyes. How could he say something so preposterous? “You can’t.” “I can hardly do worse than Egan. He hasn’t managed a damned thing in months… before long, this place will be falling down around our ears.” “You said you hated work!” “So I did. But I feel that I should try it at least once, just to be certain.” She began to stammer in her anxiety. “You’ll pl-play at this for a few days, and then you’ll tire of it.” “I can’t afford to tire of it, my love. Although the club is still profitable, its value is in decline. Your father has a load of outstanding debt that must be settled. If the people who owe him can’t muster the cash, we’ll have to take property, jewelry, artwork… whatever they can manage. Having a good idea of the value of things, I can negotiate some acceptable settlements. And there are other problems I haven’t yet mentioned… Jenner has a string of failing Thoroughbreds that have lost a fortune at Newmarket. And he’s made some insane investments— ten thousand pounds he put into an alleged gold mine in Flintshire— a swindle that even a child should have seen through.” “Oh God,” Evie murmured, rubbing her forehead. “He’s been ill— people have taken advantage—” “Yes. And now, even if we wanted to sell the club, we couldn’t without first putting it in order. If there were an alternative, believe me, I would find it. But this place is a sieve, with no one who is capable or willing to stop the holes. Except for me.” “You know nothing about filling holes!” she cried, appalled by his arrogance. Sebastian responded with a bland smile and the slightest arch of one brow. Before he could open his mouth to reply, she clapped her hands over her ears. "Oh, don't say it, don't!" When she saw that he was obligingly holding his silence-though a devilish gleam remained in his eyes-she lowered her hands cautiously.
Lisa Kleypas (Devil in Winter (Wallflowers, #3))
4. “National Debts Shall Not Be Contracted with a View to the External Friction of States”; This expedient of seeking aid within or without the state is above suspicion when the purpose is domestic economy (e.g., the improvement of roads, new settlements, establishment of stores against unfruitful years, etc.). But as an opposing machine in the antagonism of powers, a credit system which grows beyond sight and which is yet a safe debt for the present requirements — because all the creditors do not require payment at one time — constitutes a dangerous money power. This ingenious invention of a commercial people [England] in this century is dangerous because it is a war treasure which exceeds the treasures of all other states; it cannot be exhausted except by default of taxes (which is inevitable), though it can be long delayed by the stimulus to trade which occurs through the reaction of credit on industry and commerce. This facility in making war, together with the inclination to do so on the part of rulers—an inclination which seems inborn in human nature — is thus a great hindrance to perpetual peace. Therefore, to forbid this credit system must be a preliminary article of perpetual peace all the more because it must eventually entangle many innocent states in the inevitable bankruptcy and openly harm them. They are therefore justified in allying themselves against such a state and its measures.
Immanuel Kant (The Immanuel Kant Collection: 8 Classic Works)
Kay suffered from a congenital lack of energy, and after taking books out of W.H. Smith's lending libraries in Swindon and Marlborough she would succumb to a mysterious, destructive lassitude which prevented her from returning them until long after the dates written on the little tickets dangling reproachfully from their spines. Conscious of having incurred a debt which mounted terrifyingly with every day that went by, and unable to compute with even approximate accuracy the sum of the fines to which she might eventually be liable, she would postpone their settlement yet further. When at last Kay feared that some river of no return had been fatally crossed, she judged it too much to much of a risk to be seen passing W.H. Smith's shop windows in either town, and to escape notice, recognition and exposure she would condemn herself to inconvenient detours, dodging down side alleys or hiding behind traffic in the main streets except on safe Sundays and early-closing afternoons. Most of the borrowed books did in the end find their way back to the libraries(sometimes conveyed there by me) but one of her favourites - Without My Cloak by Kate O'Brien - still remained in her possession. Kay's sense of guilt at having in effect stolen Without My Cloak had become so overwhelming that she now refused to visit Marlborough or Swindon at all unless she was covered up in some sort of wrap as a token disguise - in fact(I made myself laugh at the thought as I waited for the hours to pass in my lonely dark hilltop watch) in those places she was never without her cloak!
Francis Wyndham (The Other Garden)
As I saw it, there was a 75 percent chance the Fed’s efforts would fall short and the economy would move into failure; a 20 percent chance it would initially succeed at stimulating the economy but still ultimately fail; and a 5 percent chance it would provide enough stimulus to save the economy but trigger hyperinflation. To hedge against the worst possibilities, I bought gold and T-bill futures as a spread against eurodollars, which was a limited-risk way of betting on credit problems increasing. I was dead wrong. After a delay, the economy responded to the Fed’s efforts, rebounding in a noninflationary way. In other words, inflation fell while growth accelerated. The stock market began a big bull run, and over the next eighteen years the U.S. economy enjoyed the greatest noninflationary growth period in its history. How was that possible? Eventually, I figured it out. As money poured out of these borrower countries and into the U.S., it changed everything. It drove the dollar up, which produced deflationary pressures in the U.S., which allowed the Fed to ease interest rates without raising inflation. This fueled a boom. The banks were protected both because the Federal Reserve loaned them cash and the creditors’ committees and international financial restructuring organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements arranged things so that the debtor nations could pay their debt service from new loans. That way everyone could pretend everything was fine and write down those loans over many years. My experience over this period was like a series of blows to the head with a baseball bat. Being so wrong—and especially so publicly wrong—was incredibly humbling and cost me just about everything I had built at Bridgewater. I saw that I had been an arrogant jerk who was totally confident in a totally incorrect view. So there I was after eight years in business, with nothing to show for it. Though I’d been right much more than I’d been wrong, I was all the way back to square one.
Ray Dalio (Principles: Life and Work)
Payments between countries which take the form of the transfer of goods and services, or still more of their fruitful exchange, are not only just but beneficial. Payments which are only the arbitrary, artificial transmission across the exchange of such very large sums as arise in war finance cannot fail to derange the whole process of world economy. This is equally true whether the payments are exacted from an ally who shared the victory and bore much of the brunt or from a defeated enemy nation. The enforcement of the Baldwin–Coolidge debt settlement is a recognisable factor in the economic collapse which was presently to overwhelm the world, to prevent its recovery and inflame its hatreds.
Winston S. Churchill (The Gathering Storm: The Second World War, Volume 1 (Winston Churchill World War II Collection))
If a man acted as a coward in time of war, shirked his full measure of duty to the public, failed to care for his family, was careless about his debts, stole from his neighbors, was needlessly profane, or failed to treat women respectfully, he was either shunned by his fellows or forced to leave the settlement.
Reuben Gold Thwaites (Daniel Boone)
At the same time, a group of Pilgrims, led by William Bradford, agreed to personally assume the full responsibility for the community’s debt, with the £1,800 due in nine annual installments of £200 starting in 1628. For relieving the citizens of Plymouth of this debt, Bradford and his group received the exclusive fur-trading rights of the colony. Indeed, the rights would have been immensely valuable, but for one thing: competition. By 1628 New England had received shiploads of settlers. Some, such as the Puritans, had religious inclinations. Others were itinerant traders making landfall. The Dutch, with their own settlement on the Hudson River, were building trading posts as far north as the Connecticut River. The French too made incursions. For all, fur was vital. Native Americans, continuing their role as hunters and preparers, were a key part of this transatlantic trade. None of this was good news for the local beaver.
Bhu Srinivasan (Americana: A 400-Year History of American Capitalism)
government debt, is often associated with structural bear markets. A study by the Bank for International Settlements, which systematically examines the experience of 34 countries over the past 40 years, finds that rapid debt growth is the single best leading indicator of financial crises (see Borio and Lowe 2002).
Peter Oppenheimer (The Long Good Buy: Analysing Cycles in Markets)
The enforcement of the Baldwin-Coolidge debt settlement is a recognisable factor in the economic collapse which was presently to overwhelm the world, to prevent its recovery and inflame its hatreds.
Winston S. Churchill (The Gathering Storm (Second World War))
In April, 1926, France and the United States finally negotiated a war debt settlement at forty cents on the dollar. The [French] budget was at last fully balanced. Still the franc kept falling. By May, the exchange rate stood at over thirty to the dollar. With a currency in free-fall, prices now rising at 2% a month - over 25% a year - and the Government apparently impotent, everyone made the obvious comparison with the situation in Germany four years earlier. In fact, there was no real parallel. Germany in 1922 had lost all control of its budget deficit and in that single year expanded the money supply ten fold. By contrast, the French had largely solved their fiscal problems and its money supply was under control. The main trouble was the fear that the deep divisions between the right and left had made France ungovernable. The specter of chronic political chaos associated with revolving door governments and finance ministers was exacerbated by the uncertainty over the governments ability to fund itself given the overhang of more than $10 billion in short term debt. It was this psychology of fear, a generalized loss of nerve, that seemed to have gripped French investors and was driving the downward spiral of the franc. The risk was that international speculators, those traditional bugaboos of the Left, would create a self-fulfilling meltdown as they shorted the currency in the hope of repurchasing it later at a lower price thereby compounding the very downward trend that they were trying to exploit. It was the obverse of a bubble where excessive optimism translates into rising prices which then induces even more buying. Now excessive pessimism was translating into falling prices which were inducing even more selling. In the face of this all embracing miasma of gloom neither the politicians nor the financial establishment seemed to have any clue what to do.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
Huq, being the leader of the KPP, opened negotiations with the Congress to form a coalition. However, talks between the two parties soon broke down. The Congress insisted on giving immediate importance to the release of political prisoners while for the KPP, the settlement of agrarian debt was the primary concern. As negotiations between the KPP and the Congress broke down, the KPP saw no option but to form a coalition ministry with the League, with Huq as the Chief Minister. However, this turned out to be the biggest political blunder for Huq – the selection of personnel of the Ministry was not in his hands, and nine out of eleven members were from the zamindar class. This was deeply resented by other members of the KPP, who soon began to distance themselves from the new coalition party. Faced with severe criticism from both the KPP and the Congress for completely deviating from his electoral promises, Huq joined the Muslim League in October 1937. With this, the ministry practically became a League ministry.
Anwesha Roy (Making Peace, Making Riots: Communalism and Communal Violence, Bengal 1940–1947)
In April 2014 a settlement agreement was reached in court, and Detroit had to pay $85 million to USB AG and Bank of America Corporation to terminate the swaps. The use of variable-rate instruments, such as swaps, to finance debt was the single "biggest contributing factor to the increase in Detroit's legacy expenses.
Jackie Wang (Carceral Capitalism)
curry plays a nostalgic, retrogressive role in British culinary culture; the proliferation of restaurants specializing in it is a consolation prize for the loss of world-historical consequence; we are to be understood as having given away the Empire and received in return, in delayed settlement of that very considerable invoice, the street-corner tandoori house.
John Lanchester (The Debt to Pleasure)
seemed to have any. Germany, according to Erzberger, was to utilize victory to gain control of the European continent for “all time.” All demands at the peace table were to be based on this premise for which three conditions were necessary: abolition of neutral states at Germany’s borders, the end of England’s “intolerable hegemony” in world affairs, and the breaking up of the Russian colossus. Erzberger envisioned a Confederation of European States analogous to the later Mandates system under the League of Nations. Some states would be under German “guidance”; others, such as Poland and the Baltic group annexed from Russia, would be under German sovereignty for “all time,” with possible representation but no voting power in the Reichstag. Erzberger was not sure which category Belgium would fit into, but in either case Germany was to retain military control over the entire country and over the French coast from Dunkirk down to and including Boulogne and Calais. Germany would also acquire the Briey-Longwy iron basin and Belfort in Upper Alsace which she had failed to take in 1870. She would also take the French and Belgian colonies in Africa. Morocco, curiously enough, was excepted as likely to be too much of a drain on Germany’s strength. No mention was made of England’s colonies, which suggests that Erzberger may have been considering a negotiated settlement with England. In reparations the vanquished nations were to pay at least 10 billion marks for direct war costs, plus enough more to provide veterans’ funds, public housing, gifts to generals and statesmen, and pay off Germany’s entire national debt, thus obviating taxes on the German people for years to come.
Barbara W. Tuchman (The Guns of August)
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To seal the deal on this teaching, Jesus tells another story: Therefore, the kingdom of heaven is like a king who wanted to settle accounts with his servants. As he began the settlement, a man who owed him ten thousand bags of gold was brought to him. Since he was not able to pay, the master ordered that he and his wife and his children and all that he had be sold to repay the debt (Matthew 18:23-25). This is a parable of what the kingdom of God is like. This is what kingdom people are like, because this is what the King is like, and if you follow the King, you behave like the King.
Rob Reimer (Soul Care: 7 Transformational Principles for a Healthy Soul)
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