Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NOW who wrote (247202)	6/25/2003 8:29:57 PM
From: UnBelievable	Read Replies (2) of 436258

Your Obligation Is To Pay Back The Amount You Borrowed Inflation or Deflation don't change that. It may be true that the amount you borrow is worth more when you pay it back but the amount doesn't change. You borrow $100,000 for 10 years and with negative interest of 1% receive interest payments of $1,000 per year for doing so. At the end of 10 years you have to pay back $100,000. The fact that you could have bought 2 cars for the $100,000 when you borrowed it and you will be able to buy 4 cars when you pay it back doesn't change anything. You put the $100,000 in a safe when you get it and take it out of the safe and return it when the loan is due. You got the $1,000 per year for free. I still maintain that 0% is the limit of interest rate reduction. Further, because there is a limit it can, and will be reached at which time the ponzi scheme blows up. And when it blows up it will be much worse because of all of the additional debt which the central bank caused to be created when it imposed 'below market' interest rates.

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