Where would we be without loans?
I tell you from the start that the answer is not pretty because we would be nowhere. For example most of the companies that now are big wore started with a loan.
For example Coca-cola, if they wouldn’t of got the loan into I do not witch year they would of gone bankrupt and we couldn’t sip a cup of cold coke nowadays.
Another example is the big dog Donald Trump who in the late 80’s had more credits than anyone else and even if he sold everything that he had he was missing a couple of millions of dollars. Look at him now big t.v. star , he has time to write, big time investor, he had that nice show the apprentice, and if you think about it he wouldn’t of had anything if he couldn’t loan money.
Economics without loans is like a wedding without live music, it is unaccepted for a economy to not give loans.
I would like to talk to you about Italy, do you know that this country has 100% in debt of its entire annual income. An Italy is not a small country, it has about $1.438 trillion GDP (gross domestic product), so think about how big is the loan. Nowadays every country owes money to to monetary fond, why? because without loans there wouldn’t be any progress.
Loans are not everything but they are a big part of everything!
