No payments, no interest till year 2000!greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Does this crack anyone else up? I keep seeing ads for electronics, computers, furniture, etc with "NO payments, NO finance charges, NO interest till January 2000!" I'm always really tempted to take them up on it, but then I think, even if the poo really hits the fan (which I think it will) and the LEAST of their problems is collecting that money, what am I going to do with all that electronic equipment and leather furniture?
-- Quietly Preparing (firstname.lastname@example.org), December 31, 1998
I WOULD take them up on a propane fridge, though. Ever see one? Kinda like the unicorn....
-- Lisa (email@example.com), December 31, 1998.
In Japan, people are paying negative interest rates right now. That's right. Customers are paying to have the banks keep their money.
And we think "Know your Customer" is bad. Wait one.
-- a (firstname.lastname@example.org), December 31, 1998.
As I recall reading, in the 1800's, before central banking, and the FED, people used to pay the bank a small percentage fee to hold their money for them. Banks generally didn't loan out much, and had to make a living somehow, and that fee made it possible.
Interesting how times have changed.
-- Bill (email@example.com), January 01, 1999.
Bill Fed Reserve/Treasury inflation of money supply makes it possible for the banks to pay a small amt of interest on deposits -- and to charge you a much higher percentage on loans.
for an alternative.
-- x (x@x..com), January 01, 1999.