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20th October 2010 09:33
Link to Post #41
Avalon Retired Member
Re: For those seeking something to worry about, keep an eye on the financials
Here's an interesting article on finance and history....
http://www.globalresearch.ca/index.p...t=va&aid=21504
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14th November 2010 16:52
Link to Post #42
Avalon Retired Member
Re: For those seeking something to worry about, keep an eye on the financials
Yet more banking fun....
gold toilets indeed ! Love the animated gif at the start of this piece on the 'Great Bank Robbery'....
http://www.globalresearch.ca/index.p...t=va&aid=21882
K
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15th November 2010 14:54
Link to Post #43
Avalon Retired Member
Re: For those seeking something to worry about, keep an eye on the financials
Another expalanation of what's going on. All you need to know about Quantitative Easing. Might need watching twice to fully get it... but it's beautifully dry...
and you might learn something... like... 20% of Americans can't find America on a map ?! C'mon guys ! ;0) lol
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The Following 2 Users Say Thank You to Kulapops For This Post:
Celine (16th November 2010), Zook (16th November 2010)
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16th November 2010 12:45
Link to Post #44
Avalon Retired Member
Re: For those seeking something to worry about, keep an eye on the financials
Interesting to note that inflation is now at 3.2% , whereas interest rates are at 0.5% (much less if you have a business account).
Hmm.. this is not a couple of percentage points. This means that any savings you own are being eroded by the cost of living being six times what you are earning on savings.
Hmm.. so you get £5 back on your £1000 savings... and meanwhile £1000 groceries now costs you £1032. Take off the £5 and this means for the following year, your £1000 is now worth £1000- £27 = £973
So this is what inflation means... it's not that the prices of things go up, but that the money you own is worth less
Worthless, geddit ?
:0)
In some ways, this should encourage you to spend on non perishable goods, because anything you buy today will be cheaper than it will be next year, whereas money in your bank account will have less value than it does today.
No need to thank me, Kulapops financial advice is free and risky
http://www.bbc.co.uk/news/business-11764588
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16th November 2010 13:09
Link to Post #45