mulj
Trusted Member
Worst that can happen is some inaflation, so what?You do know what is interest rate, right? It is not the same as credit card where you don't use your credit card and you won't get charge.
Interest rate is cash rate applies to EVERYTING. It applies to your deposit, applies to your loan, applies to your mortgage. There aren't much room if you are doing 21% interest rate because interest rate COMPOUNDS.
If you deposit 1 rouble with 21% interest rate. next year you will get 1.21 rouble back, then the next year is 1.47, then next is 1.77, and in the 4th years, it double to 2.21 (That's 221% payout in 4 years)
And you are talking about payment and debt that double every 4 years and not just 1 rouble. Think about it this way, if you are Russian buying a house in Russia and loan 300,000 rouble in Russia to pay for the house, with 21% interest rate, you owe 660,000 rouble in the 4th years........
They will print money like you do and everything will be fine in while.









