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Non-Cattle Specific Topics
Coffee Shop
Loving this Bailout plan
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<blockquote data-quote="HerefordSire" data-source="post: 582102" data-attributes="member: 4437"><p><em>Even if it was $425K it would be a loan because the money would be coming from the sale of Treasuries to foreign investors (mostly) at a very low historic interest rate. Imagine what the interest would be over 30 years, at say 3%, when it is compounded, provided we don''t keep printing money like it is going out of style. Just imagine how the dollar would tank. The fact that it would be a loan is exactly what got us in the trouble in the first place. We need to do the opposite of use credit...we need to save. That should fix us up.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 582102, member: 4437"] [i]Even if it was $425K it would be a loan because the money would be coming from the sale of Treasuries to foreign investors (mostly) at a very low historic interest rate. Imagine what the interest would be over 30 years, at say 3%, when it is compounded, provided we don''t keep printing money like it is going out of style. Just imagine how the dollar would tank. The fact that it would be a loan is exactly what got us in the trouble in the first place. We need to do the opposite of use credit...we need to save. That should fix us up.[/i] [/QUOTE]
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Loving this Bailout plan
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