In his opening monologue, Bob talked about how Greece is simply kicking the can down the road, and that all parties involved know that Greece will never pay back the money it has borrowed or is borrowing.
He also talked about how governments NEVER pay off or pay down their debt..they simply service it.
He used home mortgages as an example..how most people don't pay them off, but service them.
He also said mortgages are a bit different since they are amortized.
Debt like we have in the U.S. is paid..."interest only."
On Bob Brinker today
On Bob Brinker today
If you’re “woke”..you’re a loser.
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