Jose Colaco wrote:
>In actual fact, the banks are 'borrowing' from the depositors and
>making money by loaning it to others.
Doc,
This is exactly correct. The banks make profits by using your money. I keep
trying to convince people not to keep their money in bank accounts but to buy
the bank
Mervyn Lobo wrote: "I am guessing the step after that will be to pay interest
to those who borrow money."
Comment:
Mervynbaba,
That has always been the case.
In actual fact, the banks are 'borrowing' from the depositors and making money
by loaning it to others. Especially worth being weary
Gabe - Swiss foreign deposits are hit with an annual
fee of two percent, so negative interest !
One is far ahead paying 30% in income tax at home,
then collecting 10% in bank interest on the balance, in India.
Income disparity has gone just too far, worsened in the
West
On 21 November 2013 01:59, Mervyn Lobo wrote:
> Folks,
> Europe is getting more bizarre by the day.
>
> News leaked from sources in the European Central Bank confirm that the
> authority is considering a smaller than normal cut in interest rates. They
> are going to reduce the interest rate from
Folks,
Europe is getting more bizarre by the day.
News leaked from sources in the European Central Bank confirm that the
authority is considering a smaller than normal cut in interest rates. They are
going to reduce the interest rate from 0% to minus .10%
I am guessing the step after that will
