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[–] 20649117? ago 

0% You should pay no interest on what you borrow. After all, you're borrowing money from people who already have their money invested in avenues that are generating them wealth, so a true philanthropist would lend money to help communities.

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[–] 20649124? [S] 0 points 2 points (+2|-0) ago  (edited ago)

Would you lend at 0%? Who is supposed to take the other side of that deal? What if they politely decline to lend at 0%, then what will you do?

If you put some $ in a savings account, are you happy being paid 0% for that?

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[–] 20651799? ago 

If I was making money from investments, yes, I would lend to a person who had a job and the ability to repay.

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[–] 20650170? 0 points 1 point (+1|-0) ago 

a true philanthropist...

Mortgage companies are not philanthropists. Now there are a lot of social justice activists that call themselves philanthropists -- why not give them a call for 0% interest loan? Won't cost you any interest, but it will cost you your soul.

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[–] 20651787? 2 points -2 points (+0|-2) ago 

Your smart ass answer tells me you know nothing about how other countries give their citizens homes as long as they have jobs and are contributing to society. Having a roof over your head is a right not a privilege.

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[–] 20650857? [S] 0 points 1 point (+1|-0) ago 

I don't know what you're trying to say, or even if this you are the person who started this mindless exchange. If you were willing to follow along with the line of questions I'm offering, I could direct you towards some first-hand insight. Since you aren't, for the benefit of others following along, I will just tell you how the system does work:

US law mandates that everyone recognize the US Dollar as if it were "money". The Federal Reserve Act delegates the power of seignorage (printing $, figuratively speaking) to the Federal Reserve banking system which lets them control interest rates and the supply of US Dollars at their pleasure. They dictate who gets dollars (ostensibly with oversight by congress and within a certain mandate of central economic planning goals).

What banks do is suppress interest rates at gunpoint (by force of law).

They make them LOW (below market), not high. That's what inflation does. It's "free" so-called "money" that is pumped into the system by force of law because nobody would voluntarily lend at the interest rate they are targeting.

Where the dollars come from when a loan occurs at nearly zero percent is out of thin air. Dollars are loaned into existence (mostly loans do NOT come from other people's savings - that is a lie you're told in school).

You have been brainwashed to think that central planners setting low rates and loose currency supply is good for you. But unfortunately what this does it it increases affordability meaning the nominal prices of things become very high (asset bubbles).

This is how you end up with a situation where your house will take you the rest of your life to pay off, if ever. Those fake low rates aren't so sweet when you realize it causes the prices of things to balloon at infinitum! What if you want to save your earnings and have an affordable house that you actually own?

Loose $ is slavery... the value has to come from somewhere... and the somewhere is the working man!

Now, this gets pretty complicated when you talk about what Trump is doing right now because we are playing a game against other Cabal-countries that want to inflate far more aggressively than us. We're going through a transitionary phase but it looks like we are headed towards a systemic reset where the currency system that we have will go away and we transition to gold as currency.

Once gold is in place as money you can not have inflation and centrally planned interest rates like we've had since 1913. So this dream of ZIRP is not how it is going to go.

Once money is redefined and becomes constrained to the supply of gold, it means the interest rate can only be whatever someone would choose to lend for. That's good for people who work and save! Not good for the parasite class.