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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: carranza2 who wrote (25921)12/1/2007 3:44:37 PM
From: Maurice Winn  Read Replies (2) of 217639
 
That's how I see it too. But since my plan is to usurp the US$ and other currencies, they will all be worth very little in a couple of decades, so their interest rates will go very high when people get wind of my plans [which are top secret and not to be mentioned in public].

Interest rates will have to go high [to belabour the point for other readers who might not see why] because lenders will NOT want to hold a declining currency and will need high interest rates to compensate for the declining value of the principal.

So, if you could score a 20 year or 30 year mortgage at 6% and hold onto it for the duration, it would be almost like a gift of free money. If Big Ben offers me interest free money, or near to it, I will take all he has got. But of course, only if he will lend it at 0% for 20 or 30 years.

I wouldn't want to have to get another loan at open market rates in 5 years!! Rates then might be 45%.

Mqurice
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