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Money matters

Best way to arrange for Pension payment.

No, really... it does!
But does it matter more in Malta than at home?

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Postby gozomark » Tue 7 Oct 2008 09:23 GMT

yep - all banking is based on confidence - borrow short, lend long

when a government currently states that it will not let any bank fail it means if ther is banks left then the taxpayer will recompense the deposit holders, so bottom line is the population is insuring itself
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Postby Mr Kriss » Tue 7 Oct 2008 09:37 GMT

unless the bank's customers are foreign nationals in which case the population is insuring the foreigners (but making use of their assets in the mean time).

The other advantags that UK and off shore jurisdictions have over Eurozone countries is that they can just print some more cash if they run short. :wink:
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Postby Nedster » Tue 7 Oct 2008 15:00 GMT

No, banking is based on magic.

Consider. You go to a bank for a loan. It's granted (sometimes) and the bank deposits the money into you account. Where has that money come from? They will say it's from their lending funds but really they have just magiced it up so that they can then start charging you interest on it. If you or I were to 'make' money like this we would be in prison.
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Postby dave dee » Tue 7 Oct 2008 15:15 GMT

I will agree with that theory.
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