Interest, could generate some warmth, a closer relationship and change your whole world... but maybe what I was talking about was the cost of borrowing someone else's money. How does that change one's life?
Well, add us the number of dollars you are paying in interest and figure how many gallons of milk that would be, how many pairs of shoes, money for improving your financial worth... buying into banks, or animals, or flowers.
All that is gone because you are paying interest on a purchase that you thought was important but you can't really name what that was. We buy meals, movies, books, ebooks, itunes and on and on. Just running up a tab, then look around and realize that we aren't doing well that way.
How can the nations do that? Where did they get the idea that debt was the way to make life better as a country? If everyone in this world decided to pay off all debts and not acquire new ones, we would all have more money than we would know what to do with it.
No one thinks about how much they could do with their own money, the government doesn't either. When they want to build a new arena in Seattle the wheeler dealers come out and figure a way to get bonds sold, as the City/County borrow money from people that have it, and then will pay interest and repay the bond, but give the rich people, unions, and retirement funds and such a tax break on the interest they paid... making them richer and the City/County poorer. But we have to have a better arena for those teams that don't exist yet... don't we?
Interesting point Earl, and one worth thinking about! Thanks!
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