
The Coming Currency Crises. Are you safe?
The David McWilliams Podcast
00:00
What Happened in Lebanon?
When interest rates are very, very low, the cost of capital is low, so therefore the cost of failure is low. Central bankers intent to take much higher risks when interest rates arevery low. In a way, borrowing allows you to travel in time. I suspect money was very much in the anti usury. Well, if you hear all about islamic finance, youdid, yesy moslems aren't allowed charge interest,. ok? Because they thought that only god could put a price on time. And what happened in lebanon has been happening all over the world.
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