What is so “safe” about a government backed zero-interest bond? A government could default an this wonderful bond which is paying 0% interest. A government which is running deficits will be tempted to do so.
Safe is a gold bar stored in an undisclosed location.
They simply need to import another 5 million Syrian inbreds.
This should solve the problem.
This will end badly.
Seems to me the only way anyone would buy those bonds is to be forced into it via law.
Such a law is coming to the USA at some point. That’s what obama’s ‘myira’ is all about. And the kneepad media will work their propaganda so the masses will willingly accept it.
They provably will sell at a discount which will determine the yield. Not interest per se but essentially the same.
Who in their right mind would buy any of these? They’re government paper subject the inflation same as currency and even more subject to being made instantly worthless is the government defaults. At least many people would probably still accept currency if the govt defaulted on bonds. I hope they get NO sales of these.
What is the difference between these and currency?
A stack banknotes would have the same safety and be more universally accepted.
Far simpler to make room under the mattress.