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2 Billion Strong (No, not the Chinese)

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  • #16
    Re: 2 Billion Strong (No, not the Chinese)

    Originally posted by GRG55 View Post
    You forgot to mention they can get it with zero down and an ultra-low interest rate on the mortgage...

    Would lower gravity mean lighter mortgage rates or would they all float?

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    • #17
      Re: 2 Billion Strong (No, not the Chinese)

      Originally posted by GRG55 View Post
      You forgot to mention they can get it with zero down and an ultra-low interest rate on the mortgage...
      Actually, the Galactic Culture is ancient, and has seen zillions of fiat currencies come and go. All that came, went soon thereafter. It took a long time, but eventually enough species grew sane enough that the creation of fiat currencies for use between planets was made a capital offense. Species can still destroy their own planet's economy, but fiat and other financial fraud between planets is outlawed with very severe punishments. So a no down payment ultra-low rate mortgage would be 'morte.'

      What do the Galactics think of Earth? This dictionary entry will enlighten you. (I posted this recently in the 'Whistleblower' thread).

      QUANTITATIVE EASING: noun; in Conehead physiology; the natural process of elimination occurring several hours after the consumption of mass quantities.
      In human economic systems; the worst possible response to the consumption of too much debt.
      In either case the odoriferous end products of QE, as it is abbreviated, should be carefully avoided by all rational beings.
      "I love a dog, he does nothing for political reasons." --Will Rogers

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