Lending & Subprime Problems
Repay Loans????
When a loan isn’t repaid and is only followed with another, larger loan… it’s not really lending, is it? Besides, even your grandchildren would be able to calculate this rate of interest (3.95%) is less than the present, official rate of inflation and far less than any bank could borrow money with in the markets today – that is, if they could borrow at all. Don’t you wish there were an entire federal agency dedicated to erasing all the mistakes you’ve made as an investor with collateral-free, below-market-interest-rate loans, which need not ever be repaid?
How long can this game continue? We don’t have a crystal ball, We only know as long as the Fed continues to pump huge amounts of money into the banking system at interest rates far below the market rate, buying hard commodities – especially gold – is very likely to be a great bet.
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