Anyone know of a good way to take advantage of the
current interest rate? I was thinking of borrowing a
lot of money and invest it in short term bonds then as
interest rate goes higher I would lock in long term
bonds then making money on the borrowed money.
The question now is how do you borrow
It seems that there are a number of schemes to create
currencies, on top of extant national currencies, that
will be accepted only locally. Under such a program,
a unit of currency, let's call it a Local, will be
created by a group in the community. The currency may
have a more-or-less arbitrary
here's a good introduction to local currency systems.
http://www.transaction.net/money/
etb
-Original Message-
From: ArmChair List [mailto:[EMAIL PROTECTED] Behalf Of Susan
Hogarth
Sent: quinta-feira, 30 de Outubro de 2003 20:41
To: [EMAIL PROTECTED]
Subject: Re: Why is local currency
Quoting john hull [EMAIL PROTECTED]:
It seems that there are a number of schemes to create
currencies, on top of extant national currencies, that
will be accepted only locally. Under such a program,
a unit of currency, let's call it a Local, will be
created by a group in the
The standard economic response to your argument, I believe, would be that if this were a good idea, so many people would already have borrowedand investedthat the lending rates would rise until it was no longer profitable to do what you suggest. The implication is that at the moment, the market
