Loan to all GM's that need DEM
Day 370, 16:03
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Published in Germany 
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by
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by Bundesbank
To avoid GM's running out of DEM the Bundesbank decided to start a loan program. Therefore every GM can have a loan about 300 DEM for 1 month and is forced to pay it back after 1 month with 10 % interests = 330 DEM
We have enough DEM it out now - so GM's just comment here and you will get the loan.
If you need a higher loan then please pm me and we can negotiate it.
Facts:
Loan: 300 DEM
Duration: 1 month
Interests: 10% = 30 DEM
DKN - First President of Bundesbank
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Comments
I think that the interest of 10% for 1 month is very high. You are not helping too much. If you want to support the companies, please try to lower the interest to 5%.
You said that you have enough DEM, so I think that it wouldn't be a problem. And the Bundesbank will make some proffit, too...
Thank you.
Unless companies are using these DEMs to pay staff this money will not go very far as gold is valued excessively high at 73 DEM (4.1 gold) at the moment. I am not trying to criticize the Bundesbank, but until gold goes down I think GM's will benefit from higher loans to maximize there purchasing power.
Just a suggestion.
Vlady - 10 % is not much. As GM you make at the moment much more than 10 % with the DEM you invest. As we are not able to print DEM at the moment we just have what we bought for gold around 3500 DEM. To ensure that nearly all GM's will get the loan we need to find a smaller solution like 300 DEM to pay the first wages and raw materials and make profit out of it (one month = 30 = more then enough time to earn 30 DEM)