IN DEBT WE TRUST

The first “interest-only” loan was invented by someone who hated consequences. Temporarily iconic, permanently risky.

✗ FAKE
Interest-only loans are real financial products where borrowers initially pay only interest. No single inventor is documented, and they carry risk when principal comes due.

More In Debt We Trust facts

The first “runway” was literally how long your money could run before collapsing. Still accurate.The first “term sheet” was written on parchment with the title “Let’s make this weird.” And it did.The first recession started when a rich person said “I’m cutting back.” Everyone else immediately panicked.The first wallet was designed to be thin so you’d feel poor faster. Motivation via sadness.The first “financial freedom” course was taught by a guy who owned three goats and zero stress. Unfair advantage.The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion. Wall Street’s most expensive magic trick.See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts🔍 All Facts