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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (79149)9/6/2011 10:22:10 PM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 218085
 
Could be that's what happened Hawk. There is not enough information for me to conclude that the creditors are evil-doers. There is an implicit assumption in CB's description that the creditors are ipso facto, ultra vires, infra vide, habeas corpus, inter alia bad dudes. Perhaps so, perhaps not.

But "original capital" when described in US$ is an unsound idea in that the nature of US$ value is not constant. There is a constant, deliberate, and rapid dilution process. After tax is taken from the interest payments, the original capital has to grow quite quickly to retain value, especially if legal costs are deducted and there is the time value of money in that the creditor will die without spending it as time goes by so there is interest needed to compensate for that risk.

Mqurice



To: Hawkmoon who wrote (79149)9/6/2011 10:34:11 PM
From: Ilaine1 Recommendation  Respond to of 218085
 
Actually I don't know how the interest rate got so high, or whether the loan was sold to a factoring company. By the time the debt has been reduced to a judgment, most of the finer points have been jettisoned. People don't defend themselves when they can, and it all becomes moot.


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