(NEW YORK) – Consumers now have the same kind of sovereign finance abilities as Treasury departments and central banks, thanks to programs by consumer finance companies.
A slate of financial organizations have announced 500-year personal loans amortizing at rates between 0% and 2%. Although the interest paid over the lifetime of the loan can be almost 10 times the principal, the obvious advantage of such loans is their ability to pass on financial liabilities to unborn descendants.
Although the money is nearly free, there are limitations. Applicants to the loans must undergo a physical check, most notably that of reproductive capacity.