So if someone was unscrupulous could they borrow from a foreign country at around 1%?
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Set up a Financial Business in that foreign country and borrow at that rate.
After all, all of the people in the world are equal. Hence money is interchangeable. That guy making chain links on a machine that could take his hand off, the owner of the filthy business he works at in some place the other side of the globe, his money is as good as yours. That guy sitting in dusty sand using his hands and feet to hold objects and pound them to original shape with perfection, his money is as good as yours. The owner of the business that employs him, his money is as good as yours. Standards don't matter. Money is interchangeable. (Is Cryptocurrency an attempt to defeat our Democracy I ask?)
(Off topic. Ever watch videos comparing anvils or mallets made in China to ones made 70 years ago in the United States? The new ones compress like a loaf of bread under a hydraulic press or fall apart. Are imported auto parts from said places the same as that? I get Trumps U.S. made mandates. But as far as we have come in the wrong direction in this country can they be fulfilled here?)
Then establish a United States banking arm and somehow earn interest on the money you borrowed from that foreign country, perhaps in treasury bonds?
Perhaps I just buy the Treasury Bonds. Perhaps I create a Check Cashing operation in the United States and make near or higher than loan shark interest?
And then everyone would say what a financial genius I am. And I could buy and Island in the Gulf of America. And run around there every day. And perhaps I could create what really amounts to a hotel on that island. And I would make a lot more friends by whatever activities I offered at that resort.
Above is satire.
Maybe today you are glad you never had your photo taken with Jeffery Epstein or Sean Combs. That world of success was out of your league you always thought. I try not to turn on the television set.
© 2025 Thomas Paul Murphy
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