>
> 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.
>
L'esprit de l'escalier:
Animal spirits.
-- Andy "It's a testament to ketchup that there can be no confusion."