Here is my business plan

Here is my business plan.
1. Take a loan, 3-4%, any bank
2. Travel to let's say Ukraine
3. Open deposit with ~18% rate
4. Wait a year
5. ez money

What possible flaws do you see?

countryeconomy.com/key-rates/ukraine

Attached: uarate.png (886x684, 40K)

you will be killed on the street there

Wait...are you working under the impression that Ukranian banks give you an 18% return if you keep your money in a savings account?

you can't move too much FIAT money

Okay, what about any other country? Like Venezuela, India whatever.
Yeah, that's how banks work, isn't it? You make a deposit, you come back a year later and they hand you your money and interest. I don't know why they do this but it works.

You're and idiot and deserve to lose your money.

Take $1 in USD, go to Sri Lanka and trade it for 175 rupees.

Get 20% interest, now you have 210 rupees. Try to convert that back to USD in one year and get back 98 cents because the ruppee inflated 22% against USD in that same time period.

If this is bait I will hunt you down and cut you

I hope this is bait

Okay I got the point. What if I won't convert to local currency and make deposit in USD?

>What is a Carry Trade?

you can only put in ukranian currency, which will decline in value as you park it in an ukranian bank

wow, you just solved it

>What possible flaws do you see?
Ukraine! pick Armenia/Georgia/Cambodia...Ukraine is Mob infested!
Or

Their inflation and forex rate is 35% so in fact you'll STILL owe another 5 to 15% afterwards

i hope this is not bait

devaluation of currency shit for brains

What is curry trade?

They don't give you 18% in USD, they give you 18% in their currency which is becoming worth less and less compared to the USD by more than 18% each year. You will lose money.

Tfw from ukraine

They give you money because they lend your money out to somebody at a much higher interest and you come back to grab what scraps they’ve decided to return to you.

You're not gonna get a 3-4% rate unsecured loan. Hope you have a house or 2.