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Re: Really low borrowing costs

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 19 May 12 6:36 PM | 51 view(s)
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Msg. 07918 of 54959
(This msg. is a reply to 07916 by faul)

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Hi doma,

Are you the same guy that says the value of the currency diminishes over time?

Why would it be a problem to pay back the principal on ancient loans given that the currency devalues over time?


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The above is a reply to the following message:
Re: Really low borrowing costs
By: faul
in ALEA
Sat, 19 May 12 6:20 PM
Msg. 07916 of 54959

Hi Alea......borrowing costs.

That's the same as the guy who thinks he can afford
a house based on interest only repayments.....yes you
can afford the interest repayments.....but you can't
afford to pay back the loan...

That's why all governments roll over their debt & debt
is Never paid off,just the interest............debt incurred
hundreds of years ago..

The system is designed to fleece the people

Doma.


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