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Money in your mattress
Zero percent returns: What they mean
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A common sense explanation
This guy - who is not even a financial reporter - gets it and explains our current situation better than any 100 financial news talking heads.
The issue today is not a return on your money, it's a return of your money.
The smart money understands this and are willing to endure no interest - or even a "storage fee" - to guarantee their money won't be vaporized.
MF Global, GM bond holders, anyone holding Greek bonds...
100% of all debts are eventually retired. Sometimes the borrower pays them off. Sometimes the lender writes them off.
We're approaching the age of the Massive Right Off.
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