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Jammare, if you pull up a M2 chart of a major economy on a long enough time frame - you'll see where it went tits up.
Then look at Venezuela.
The US scrapped M3 data in about 2006 abouts - can't think why....
FTSE 100 to start higher as traders eye Fed meeting
Markets are expected to see more positivity as fears over the coronavirus ease, while the central bank's meeting is not expected to contain any surprises
Debt is too ready available for the wrong reasons,
To avoid a revolution, avoid teaching basic finance/money.
I was taught in school, in the days of real money, not fake money. The CBs have screwed the whole system.
4 blackjacks or fruitsalads for a penny. Go in a shop today and put a penny on the counter. "Please Sir I want some sweets"
No chance, it'll land up in the charity box.
Just a question of managing awareness.
Don't complain after ANY event.
Think b4 u dip in?
Every organisation robs people of their money each day. Overpriced mobiles, broadband, Sky tv, amazon prime, football tickets, electric/gas, council tax, petrol prices, hp cars, dominos etc etc the list is endless. It is upto the individual concerned to spend what they have sensibly in life. It a shame people know more about their favourite phone/celebrity/footy team than basic finance, which should be compulsory in school if the debt cycle is ever to end.
This is a simple one, no overdraft facilities allowed.Loan withs scheduled repayments only.
OD`s are an outdated and rubbish way to finance anything.
Finito.
A greater number of people would live within their means if banks didn't rob every one of purchasing power - day in, day out.
JL, people should live within their means and not put themselves into the position, its daft. But when a bank is quite happy to lend you a pile of cash as a loan at 6.5% or whatever, then charging 40% for a generally small dip into an overdraft is quite clearly nothing but legalised theft. However, people being people are generally feckless with money these days and mop up credit for all sorts of things - more fool them.
Snige
I can get my cash using a debit card for free. It works for me.
Pay too much into a credit card and you can get your cash for free-that's what I use to do.
All seems very strange to me, Just did some online enquiries at my bank and it seems I would be far better off, if I needed to, to have a personal loan:- They offered me 6.5% for example on £20k to buy a car. Even the worse credit cards only charge 20% too so why would one even think of using an overdraft?
Yes
LTI
kids have mobile alerts
what is the fuss about?
Just the crap media again!
HSBC have an overdraft, interest free buffer of £25
Just an example
when in South of spain in the autumn - I went to a Santander ATM to withdraw 100 euros - they wanted to charge me 5 euros.
i went to another bank - Sp - charge was 2 euros.
that charge was with friendly EU package with nationwide.
We cannot expect everything for nothing - some think so - reality check!
Some have made the case that many who use an overdraft will be better off without the fee charges.
OI
then we should pay a charge to withdraw cash - as all do elsewhere in EU- OZ- ME
Why do we have to service ppls wishes re banks at no cost?????
Oi
I wish the margin on mortgages was a tiny bit more over the top.
Oi
What about a voluntary contribution?.
I hope though that you are with Lloyds or HSBC if you want to give them a few quid a month.
Lti true but personally I would not object to pay for the service of my current account enabling banks to make a profit without over the top interest charges
OI
''allowing more realistic charges for the more vulnerable''
I think you meant to make it a bit easier for the feckless to be feckless, by penalising those that are not.
Think a fairer banking system is what is needed where we all pay a small fee for our current accounts allowing more realistic charges for the more vulnerable
DTN
Wrong
There is always the choice - bit like kids today - cant hold back never thought of the cover available.
Why should banks make available cash to those that do not have it? In truth - why should any financial institutional exist if it can make no money?
Reality check!
might as well have kept those parasites Wonga going. 40% is just theft plain and simple.
It will take some explaining with base rates at 0.75%. I am all for banks making a profit but 40% is unjustifiably high and little short of racketeering .