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No one will take the risk of loaning at no interest, except as charity.
Utterly ridiculous. I want to start a car company, and nobody will take the risk of loaning me money for equity in the profits of selling the cars? You cannot possibly be this stupid.
[+]prairie0 points0 points0 points
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[–]prairie0 points
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That's basically interest: loan the money and get a share of profits in return.
Why would someone want to literally just loan you the money and get paid back say a year late the exact same amount? The currency itself will have lost some value over that year. There is also the risk that you won't pay it back. And they could have been using the money over that year to generate more wealth (buy tools, invest it, etc.).
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[–] virge [S] 1 point 0 points 1 point (+1|-1) ago
Utterly ridiculous. I want to start a car company, and nobody will take the risk of loaning me money for equity in the profits of selling the cars? You cannot possibly be this stupid.
[–] ihaphleas 0 points 4 points 4 points (+4|-0) ago
That's not a loan, that's a business partner.
[–] virge [S] 1 point 0 points 1 point (+1|-1) ago
It's both, retard.
[–] prairie ago (edited ago)
That's basically interest: loan the money and get a share of profits in return.
Why would someone want to literally just loan you the money and get paid back say a year late the exact same amount? The currency itself will have lost some value over that year. There is also the risk that you won't pay it back. And they could have been using the money over that year to generate more wealth (buy tools, invest it, etc.).
[–] virge [S] ago
Too stupid to realize loaning money for profit as a predatory mechanism is both the entire downfall of our current system and most of my argument.
To stupid to live.