All Posts Tagged Tag: global economy’

Balance

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July 2016 Ivan Obolensky Profit is defined as financial gain, or the difference between the amount earned and the amount spent in buying, operating, or producing something. The term has been vilified or lauded throughout history depending on the time period and the author. It is a contentious subject, yet profit and the profit motive, when put in more abstract …

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Negative Interest Rates and Deflationary Banking

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May 2016 Ivan Obolensky Many readers have heard of negative interest rates, but few are familiar with them, understand what they mean, and know their ramifications going forward. How is it possible to have negative interest rates on a mortgage, or even a credit card? The bank would pay me money? How is that even possible? The short answer is …

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