Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (4565)	12/23/1997 9:58:00 PM
From: Ronald P. Margraf Sr.	Read Replies (1) \| Respond to of 116741

Hi 49r, If I might make a point on debt in this country (U.S.) Credit card debt as one example is really eroneous. If a person has a debt of lets say 8000 $ @ 26%, his payment for each month is equal to his interest not the principle. If he just makes his minimum payment for 4 years the bank has gotten back all that they have loaned out. The rest is profit and the individual will take 20+ years to pay back the debt if ever. The same goes for the monies loaned out to these 3rd world countries. The interest payment alone pay for the money lent. The Mexicans realized that and paid it back years ahead of time. Ron