Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Moonman62

They have to give the bank an idea as to what the farmer thinks the crop will be worth, at harvesting and shipping, to be able to get a loan for their supplies.


16 posted on 11/27/2011 8:56:31 PM PST by Jonty30 (If a person won't learn under the best of times, than he must learn under the worst of times.)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Jonty30

Well, if interest on the debt were to rise above 9 percent, worldwide, the debt payments would exceed the entire worldwide GDP.

Maximum notional debt would be around 1260 Trillion, and would expand at 5x the increase in global GDP, assuming 5 percent on the debt.

Wow, no wonder the government is trying to keep interest as low as it is.


19 posted on 11/27/2011 9:04:30 PM PST by BenKenobi (Honkeys for Herman! 10 percent is enough for God; 9 percent is enough for government)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson