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Richard S
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Real Bills : “Waggon-Way in the Air” - Antal E. Fekete - Gold University

What would happen if the Chinese introduced their own Yuan world reserve currency based on real bills at 5% 5yr bonds up to 8-9% 30 yr bonds.???

Commented 4649 days ago

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Beginning of the headline :Discount rate versus interest rate The banker applied a "discount" to the face value of the maturing bill when he purchased it from the producer. The discount was equal to the number of days left to maturity times the "discount rate". It is of utmost importance to distinguish the discount rate from the rate of interest. The former is always lower than the latter. Moreover, the discount rate tends to be low if consumer confidence is high, and vice versa. In other words, the discount... Read More

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