Guest post by Terry Verhoeven
The idea is to illustrate how much money is being wasted by New Zealand homeowners in unnecessary interest payments, an amount that can supposedly be saved if all mortgage payers were to change to a BNZ Tailored Home Loan.
The first thing that people who are not concrete-bound in their thinking are going to conclude from the display is not how BNZ can save them money, but how well it demonstrates that fiat money has no real value backing it.
The NZ Mint should seize the opportunity to perform its own marketing stunt and place its own model house on display, but with four-thousand kilos (i.e., $6 million worth) of 'shredded' gold coins inside, placed next to BNZ's one with the shredded paper money, with their own big sign out front asking: "Where is the stored value in your hard-earned money"?
The difference might become obvious even to the most concrete-bound.
[Pic by Interest.Co.NZ]