IN DEBT WE TRUST

The phrase “liquid assets” came from someone who spilled their savings into a fountain. Technically diversified.

✗ FAKE
Liquid assets are assets that can be quickly converted to cash without losing value, and the term uses liquid as a metaphor for flow. It did not come from savings spilled into a fountain.

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The first “expense report” was invented as a confession form. It still feels like one.Gold is often considered a 'safe haven' asset during economic uncertainty. Nothing says “panic” like shiny metal.The concept of compound interest was described by Einstein as the 'eighth wonder of the world.' Which is rich coming from a guy who never paid off a mortgage.The first “retirement plan” was a hammock and a dream. Markets later added paperwork for fun.Credit scores were originally determined by how confidently you nodded. Which explains why chaos has excellent limits.The gold standard was fully abandoned by the U.S. in 1971. Since then, we just print feelings.See all In Debt We Trust facts →

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