10th May 2011. Had a call from a friend in a bit of financial strife. Of course the first thing people do when money is short is resort to credit cards. At 20 – 25% interest (compounded) its the kiss of death to someone in this position. The banks who will write off billions to failed ventures at the big end of town will undoubtedly hound my friend to bankruptcy or worse.

‘We can loan you enough money to get out of debt’

1 thought on “Interest…ing

  1. Anonymous says:

    Exactly what the banks (are doing)/(trying to do) to Ireland, Greece, Egypt, Spain, et al.

    If only people actually learned how the central banking system worked… they’d hopefully realise they are nothing but slaves.

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