Sunday, March 22, 2015

Ideas have consequences: The time value of money is being destroyed by the Christian West

The 10-year government bond currently yields less than 1% in the following countries of Europe:

Switzerland: -.18
Germany: +.18
Czech Republic: .23
Netherlands: .26
Denmark: .28
Austria: .31
Finland: .32
France: .38
Belgium: .41
Sweden: .41
Latvia: .54
Lithuania: .59
Ireland: .78

In these nations of Europe and the world, the 10-year government bond currently yields less than 2%:

United States: 1.93
Portugal: 1.65
United Kingdom: 1.54
Canada: 1.44
Norway: 1.34
Italy: 1.22
Spain: 1.15
Slovenia: 1.08

The only others of note are:

Hong Kong (former British colony): 1.50
Israel (!): 1.11
Japan (conquered by America): .33

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Who may worship in your sanctuary, LORD?
Who may enter your presence on your holy hill? ...
Those who lend money without charging interest,
and who cannot be bribed to lie about the innocent.

-- Psalm 15:1, 5

Do good and lend, hoping for nothing again.

-- Luke 6:35