Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.
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Said to be a quote from Das Kapital in an anonymous email, this attribution has been debunked at Snopes.com with the earliest occurrence found being a post by Gpkkid on 23 December 2008; it was used as a basis of a satirical article "Americans to Undergo Preschool Reeducation in Advance of Country’s Conversion to Communism" at NewsMutiny, but the author of article on the satiric website says that he is not author of the quoteKarl Marx
It's expensive to keep Communism alive today. I've already got a huge foreign debt staring me in the face, and I can't reduce it by exporting tomatoes or toilet paper. We should be making dollars any way we can. And we should be exporting arms any way and every way, openly and secretly, legally or by smuggling-I don't care how.
Nicolae Ceausescu
...ought we to appropriate in the present circumstances of the country 3 millions of money out of the resources and productive capital of the nation, to create an addition to the treasury of the state? Ought we to reduce our public debt by a sacrifice of the funds that maintained national industry? Ought we to deprive the people of 3 millions of capital, which would fructify in their hands much more than in those of government, to pay a portion of our debt?
William Ewart Gladstone
Ron Paul: ...you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don't have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn't write any cheques for which they don't have in their account any money?
Ron Paul: That's right. And that is the key to it. Because when the Fed comes along, and there's starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.Ron Paul
The art and mystery of banks... is established on the principle that 'private debts are a public blessing.' That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.
Thomas Jefferson
I don't really have many extravagances. I don't fly private jets and I don't have bodyguards and I don't buy crazy things. I have a couple of houses here and there. I bought a very expensive watch, and I am going to buy a really expensive movie poster, the original for The Thief of Bagdad (1940). I love movie posters
Leonardo DiCaprio
Marx, Karl
Mary (mother of Jesus)
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