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No. (source to follow) What is the daily interest, at even 0.25% annually, on $16 Trillion USD? https://www.forbes.com/sites/traceygreenstein/2011/09/20/the-f
by patrickg_zill 8y ago
No. (source to follow)
What is the daily interest, at even 0.25% annually, on $16 Trillion USD? https://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/#3f22e55e26b0 https://www.forbes.com/sites/traceygreenstein/2011/09/20/the...
Is my math correct? Over $100 Million USD per day in interest, even at 0.25% per year simple interest?
https://www.wolframalpha.com/input/?i=0.0025+*+16+trillion+%2F+365.25 https://www.wolframalpha.com/input/?i=0.0025+*+16+trillion+%...
- thedailymail 8y agoIt turns out that $110 million per day yield $350 billion in about 8.7 years – not too far from when TARP funds were distributed (around 9.5 years ago) https://www.wolframalpha.com/input/?i=350+billion%2F110+million%2F+365.25 https://www.wolframalpha.com/input/?i=350+billion%2F110+mill...
- patrickg_zill 8y agoAre you making this your argument?