Anthony Migchels – Real Currencies August 25, 2012How do we know this?Consider a mortgage. We borrow $200k, and after 30 years we will have payed about $500k. So we pay $300 thousand dollars interest over the loan.What would happen with our purchasing power, if we only needed to repay the principal? It would mean we would have 10.000 per year more purchasing power during the 30 years we repay the mortgage.Our credit would greatly improve, because our liabilities would be much smaller.Interest is payed to those who have money,...
Aug 06, 2012 - 03:38 PM
By: Graham_Summers
Stock-Markets
Best Financial Markets Analysis ArticleMany people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?”
The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008.
How would this unfold?
To understand this, you need to understand how the European banking system works. By now everyone...