|
Rebelitarian
|
 |
« on: April 27, 2011, 05:18:08 pm » |
|
At the risk of sounding off here.
The main reason for interest at all is because 8 out of 10 businesses fail within 2 years.
When the 8 do all that money is still in the economy and is not coming back to the banks directly.
Interest keeps down inflation when the other 8 businesses fail.
Now these adjustable rate mortgages is just banker-speak for loan-sharking. Instead of just keeping down inflation these banksters are just trying to give themselves bigger bonuses.
After the whole adjustable rate mortgage debacle, it would be like having only 2 pints of blood left when 8 is needed. Right now thanks to bailout Barry we have like 10 pints of blood and the body cannot keep up. No more cells or organs are being produced but more blood is being pumped in.
Hence inflation in both cases.
|
|
|
|
|
|
|
|
