Ten million dollars after I’d become a star I was deeply in debt.
Sammy Davis, Jr.
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Debt, we’ve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains – pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies – but all require one similar ingredient to create a true crisis: too much leverage.
Debt is such a powerful tool, it is such a useful tool, it’s much better than colonialism ever was because you can keep control without having an army, without having a whole administration.
I took my power back, like, Man, my financial situation don’t make me.’ I’m in debt – now what? And I’m still Ye.- Kanye West