On Jul 26, 2013, at 11:45 PM, Andy <andy274 at gmail.com> wrote:
> I thought this was interesting in the context of Graeber's Debt -- This is
> from the memoir of an American who was a science teacher in a rural village
> in Botswana I think in the mid-90's. He became involved with the daughter
> of a witch-doctor and eventually married her. The following describes the
> payment to a witch-doctor from a different family who performed blessings
> of the kitchen of the house they built:
>
> So the job was done. We respectfully handed over a hundred pula at the
> time, and more was given later. Some other moneys were owned by his family
> to our family, and I became unsure how much debt remained. I even got the
> impression that we weren't truly expected to pay it all, or at least not
> for years. Everyone seemed both to owe money and to be owed moeny, and I
> was surprised to learn that these inter-family debts were *not* divisive.
> Owing someone money didn't cause friction; it had just the opposite
> effect. These multiple interlocking debts created a network of
> mutual-dependency that served to unite people.
Not sure how this relates to a subordinated debenture.