24 Jun 2012 @ 22:28, by Unknown
Global Economic Crisis 2012 : Negative Interest
As a workaround on the current global crisis and the accumulated 20 trillion $ dollar debt.... rather than shut the entire world down through means of an orderly or disorderly bankruptcy as would be the only real solution in the past sense and rather than pretend to be doing something by lending debtors more debt to some how address the issue.... We at natures hand Alta, propose the implementation of the concept of borrowing or revision of some current loans in default state, to negative interest status. ie say having borrowed $100, it revert to at a -1% interest rate per year would only have to pay back $99 by years end.
There would be conditions do such borrowing and refinancing ie:
1. a debtor/nation/bank could not carry positive and negative interest loans at the same time......
2. negative interest rate loans could only be obtained via a judges ruling by those seeking bankruptcy protection.
3. A security or collateral of some sort would have to be offered by the negative interest rate applicant.
4. negative interest rates would have to be paid promptly or risk negative interest rate status or forfeit a collateral of some sort for late payments
etc etc...
This at least would keep the global economy afloat until situations balanced themselves out a little better and keep current obligations, transfers or pensions, somewhat intact.
ed/natures hand alta
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