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To: erlayman

all I know is that if you borrow 100 trillion dollars at -2 percent per year, you pay back 98 and keep 2...

rinse and repeat.


74 posted on 04/02/2016 5:56:18 PM PDT by Reverend Wright (Illegal immigrants: Arrest, Intern, Deport)
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To: Reverend Wright
"all I know is that if you borrow 100 trillion dollars at -2 percent per year, you pay back 98 and keep 2..."

You've got it backwards. The negative interest is for the lenders, not the borrowers. You give me $100 trillion for a year, and I give you back $98 trillion at the end of the year. I keep the $2 trillion, not you.

87 posted on 04/02/2016 7:28:23 PM PDT by norwaypinesavage (The Stone Age did not end because we ran out of stones)
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