I'd rather have the interest rate, since I don't carry debt. The rate could be 100% and I'd never know.
I'd rather have the interest rate, since I don't carry debt. The rate could be 100% and I'd never know.
Borrowing is a necessary evil, at times. It should be a last resort, especially in a sound money (full reserve) economy.
However, (((compounding interest))) is a deception, and it lulls borrowers into complacency in their debt repayment, yielding the lenders more than 200% of the amount borrowed in the case of mortgages.
Establishing fees and capping interest ROI for lenders at a fixed amount discourages lending, which, in turn, diminishes and even eliminates debt.
(((Lenders))) like deceptively low interest rates with minimal fees to trap their prey.
Borrowing is a necessary evil, at times. It should be a last resort, especially in a sound money (full reserve) economy.
However, (((compounding interest))) is a deception, and it lulls borrowers into complacency in their debt repayment, yielding the lenders more than 200% of the amount borrowed in the case of mortgages.
Establishing fees and capping interest ROI for lenders at a fixed amount discourages lending, which, in turn, diminishes and even eliminates debt.
(((Lenders))) like deceptively low interest rates with minimal fees to trap their prey.
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