Regular Savings Accounts

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This topic contains 2 replies, has 3 voices, and was last updated by  elnav 6 years, 8 months ago.

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  • October 23, 2010 at 6:57 pm #36744

    Anonymous

    Regular Savings Accounts

    hello friends I am michal if you want to know about savings accounts

    October 23, 2010 at 11:38 pm #41050

    Trm
    Participant

    I put $100 in savings account, this allows the bank to

    loan out $1000. They pay me $2(2%/yr) and make $50(5%/yr)

    Can you say ponzi – sure you can. Bankers are just evil,

    which is why the bible, tanakh, and quoran all forbid it

    October 24, 2010 at 5:16 pm #41055

    elnav
    Member

    TRM you wrote: which is why the bible, tanakh, and quoran all forbid it

    This could become an interesting thread but not entirely on topic for off-grid. Contact me off line at email addy 2elnav(at)netbistro.com

    If the discussion seems relevant to off-grid we can always introduce it as a new thread.

    cheers

    Elnav

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