IOU
213
MENTIONS
100
EPISODES
94
PODCASTS
Search complete. 213 mentions across 100 episodes found for "IOU".
Sep 16, 2026
Jess HookerPANELIST
Oh, I remember those
Pat GodwinPANELIST
... and, uh, IOUs.
Jess HookerPANELIST
Yes.
Pat GodwinPANELIST
And so I wanted to get things that were-
Lauren ZeltGUEST
That attorney sometimes will then work with the client to enter into an agreement with a consumer legal funder, someone that ostensibly will provide money for basic necessities while the plaintiff undergoes their case.
Lauren ZeltGUEST
Seems simple enough until you get to the end of the case where when unfortunately many people who have taken out these IOUs end up owing sometimes millions of dollars after they've received thousands.
Lauren ZeltGUEST
And this happens because of the astronomical interest on these IOUs that are then bundled together and treated as asset-backed securities on Wall Street.
Lauren ZeltGUEST
So people are making money off of inflated lawsuits at the expense of consumers.
Lauren ZeltGUEST
There are also often medical professionals involved in what we call this mill or this chronology of a scam, if you will.
Jack Crivici-KramerHOST
Another thing you can do, you can pay down your debt.
Jack Crivici-KramerHOST
Gotta put to sleep those IOUs.
Jack Crivici-KramerHOST
Or you can invest in the business to launch the next big thing that'll make even more profits in the future.
Jack Crivici-KramerHOST
But besties, within that third bucket of what you can do with your cash, you could build a new factory, hire new employees, do mergers and acquisitions, research and development.
Felix PrintGUEST
And I think this is the most important bit I want to explain to you.
Felix PrintGUEST
When the US government spends more than it takes in, which is always, right? It makes up the difference by borrowing, and the way it borrows it, it sells you IOUs, and they call them treasuries 'cause it sounds fancier, but they're IOUs.
Felix PrintGUEST
It's just a piece of paper saying America owes you money, uh, plus interest.
Felix PrintGUEST
And, and for the last...
Felix PrintGUEST
Norway, right? Again, we're in Northern Europe.
Felix PrintGUEST
They run the biggest sovereign wealth fund on the planet because they have a lot of oil, and it's just a giant national savings account.
Felix PrintGUEST
$2.3 trillion, the most conservative big pool of money in existence in Norway, just formally proposed cutting how much government debt it holds, and they're gonna slash it by about $80 billion of those US treasuries, those US IOUs.
Felix PrintGUEST
So you got the single most cautious large investor on Earth stepping back from America's debt.
Mark MalekHOST
This will not crash the major clearing banks, but it is a critical threat to your retirement dividends, especially if they actually are slipped into your retirement portfolios.
Mark MalekHOST
Default rate marching toward 3% combined with 10% of borrowers subsisting on payment in kind IOUs, PICs, remember those? Means purportedly safe yields will be cut.
Mark MalekHOST
So what do you actually do with this information today? Well, three immediate action steps.
Mark MalekHOST
First, order your target date 401[k] sleeves.
Jay MartinHOST
No soldier touched anything.
Jay MartinHOST
Russia's reserves were those IOUs that we talked about earlier, ledger entries sitting inside Western banks and Western financial systems.
Jay MartinHOST
And Western governments simply instructed those institutions to not let Russia have them.
Jay MartinHOST
The records stayed exactly where they were.
Jay MartinHOST
But look at when Germany asked.
Jay MartinHOST
In 2013, the dollar... was really unchallenged.
Jay MartinHOST
American IOUs were the safest thing on earth, and nobody questioned that.
Jay MartinHOST
And no country had watched its own reserves get switched off or confiscated.
Lauren ZeltGUEST
Seems simple enough.
Lauren ZeltGUEST
Until you get to the end of the case, when unfortunately many people who have taken out these IOUs end up owing sometimes millions of dollars after they've received thousands.
Lauren ZeltGUEST
And this happens because of the astronomical interest on these IOUs that are then bundled together and treated as asset-backed securities on Wall Street.
Lauren ZeltGUEST
So people are making money off of inflated lawsuits at the expense of consumers.
Lauren ZeltGUEST
There are also often medical professionals involved in what we call this mill or this chronology of a scam, if you will.
Dennis AngellSOUNDBITE_SPEAKER
So I think a GenTech payments are really popular.
Dennis AngellSOUNDBITE_SPEAKER
We're adding token pay channels for IOU tokens and MPTs.
Dennis AngellSOUNDBITE_SPEAKER
And I think that'll actually open up a couple more doors because you have the ability to sort of make like authorizations on a credit card in some ways and settle other things with payments now with IOUs.
ChipHOST
It's a really long interview.
ChipHOST
I think it goes on for, but we couldn't really listen to the whole thing.
Thom HartmannHOST
First, the current crisis.
Thom HartmannHOST
Our government pays its bills two ways, using tax revenue and borrowing when it's short by issuing IOUs we call treasury bonds.
Thom HartmannHOST
The single most important of these for you and me is the ten-year bond because our banking system sets mortgage, car loan, student loan, and credit card rates based on it.
Thom HartmannHOST
Last week, that rate hit four point nine two percent, just a hair below the five percent that could trigger a freak-out reaction on Wall Street.
Michael BrookNARRATOR
When they told me to open my bag, I said, never, and remarked that I was an Englishman and that they had better be careful.
Michael BrookNARRATOR
I also told them that they could dismiss any idea of ransom from their minds at once unless they were prepared to take IOUs, as it was against the principles of our family to pay cash for anything, certainly not for relatives.
Michael BrookNARRATOR
They took no notice of my warning and caught hold of my Gladstone.
Michael BrookNARRATOR
I resisted feebly, but was overpowered and went to sleep again.
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