What would happen if the USA banned all interest loans including auto loans, mortgages, and credit cards? - auto loan usa
And if you only buy things, pay for itself really?
Friday, January 22, 2010
Auto Loan Usa What Would Happen If The USA Banned All Interest Loans Including Auto Loans, Mortgages, And Credit Cards?
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7 comments:
Our economy would collapse, and in many countries we would fall.
The worst depression the world has seen millions die of hunger.
The world depends on our economy and our economy depends on loans and credits.
Many were working on camels and sleep in cardboard boxes.
I would be more work! I (a specialist in bankruptcy, lol am)
But I think we have a positive effect on many people and generally a good thing!
Chaos and many other bad things.
Now collapse, the banks, because they would be able to use a real advantage. People come to live a simple life, the cost of a home would be drastically because people could not afford to buy.
Most people would be forced to adopt the system of public transportation or ride a bicycle. Since few people could afford a car that broke the auto industry in the U.S. and companies offer low-cost alternatives such as scooters and motorcycles that can get people on the site.
Life would be simpler and people were largely free of debt. I mean, if a loan interest paid to give to them? The rich are richer and the poor poorer. Without the possibility of funding that would be almost impossible to start a business or earning money for new products and initiatives to increase.
Then the economy was broken, and people do not credit card debt.
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