Perpetual Debts

http://emsnews.wordpress.com/2009/04/21/perpetual-debt-means-perpetual-zero-i...

Perpetual debts are the bane of all governments. Individuals can have these because they eventually die. But countries that get trapped in greater and greater debt loads can't simply die. They have to pay, one way or another.

Perpetual debt instruments are peculiar things. They were invented by Northern Italians hundreds of years ago and the trick with these is, the lower the interest rate, the higher the bond returns! This is why, as interest rates drop to zero, we see very happy bonds buyers rubbing their hands with glee!

Category:

News & Politics

Tags:

• Perpetual debt
• interest rates
• bankruptcy
• Medieval knights
• unicorns
• bankers
• bonds
• IMF

[emsnews]

Yes, the British have been playing this game for more than 300 years.

[tenchama7]

Hello Elaine!

Good vid! Keep um coming.

[mattsta1964]

Didn't Gordon Brown reinvent this system for the British people?

[MyLittleFunk]

Agreed...things are about to get worse here in Europe. We're thinking of moving out to Asia.