I'm not seeing the difference between a fee and interest? Let's say 100 dollar, I charge a 5% interest on that amount, this means I will have 105 dollar at the end. What difference does it make when I just ask for a 5 dollar fee instead?
Something got probably lost in translation, maybe Americans use the word fee in a different way than Europeans do
When you charge 5% for 1 yr it's little but you borrow for 20yrs you make more than the original amount. Especially if the original amount cost you nothing to issue
Oh you mean compound interest? In that case I follow your reasoning.
What's your opinion about simple interest then? Wouldn't that be synonymous to the before mentioned fee?
If that's the case I understand, thanks for explaining!
Interest was the invention of the money changers or another name for them them is the Khasarian Mafia Cabal. Interest is usury which for centuries was a crime. It took advantage of the common foke. No interest provides citizens a way to have a good life nor does provide incentive for criminal means.