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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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To: norwaypinesavage

I didn’t write it too clearly but I was suggesting tongue in cheek how the gov’t could solve its debt problem.

And the solution was the gov’t borrows 100 trillion and pays back 98.

And it reduces the national debt by 2 trillion dollars.


90 posted on 04/02/2016 8:54:48 PM PDT by Reverend Wright (Illegal immigrants: Arrest, Intern, Deport)
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