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RockySpears.

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  1. Do you think these things are taught? This thread seems to indicate that you could take the 1948 Oxford degree and it would be little changed to that of today. I am not sure I believe in "Economics" as a studiable thing anyway. If Banks can changes rules at any time, print any amount of money; if a guy can create a "currency" entirely from bits and bites, with no useful labour involved, then what the hell is Economics? Zimbabwe has an economy, but how on earth it works is anyone's guess. Do courses cover the model where you totally inflate your currency away but still have an army and Banks and mobile phones? Why is it NOT in the Stone Age? Venezuela, give free stuff away to everyone, destroy any large companies through Nationalisation, run out of toilet paper and you can still have an economy, but I bet the model is not in a text book. How do you get an economics degree? You study for three years, rack up £50,000 debt, get charged 6% on it and pay nothing back until you earn over £25,000. After 26 years, you may, if you are a top earner, pay it off after 26 years. But the Banks get all the interest, which actually amounts to more than the degree cost you. Year Loan value Salary Repayment Total repayments Interest rate (%) 6.0% £50,000.00 1 £53,000.00 £25,000.00 £0.00 £0.00 2 £55,703.00 £30,000.00 £450.00 £450.00 3 £58,091.18 £35,000.00 £900.00 £1,350.00 4 £60,145.65 £40,000.00 £1,350.00 £2,700.00 5 £62,227.99 £45,000.00 £1,440.00 £4,140.00 6 £63,958.27 £50,000.00 £1,890.00 £6,030.00 7 £65,315.37 £55,000.00 £2,340.00 £8,370.00 8 £66,276.89 £60,000.00 £2,790.00 £11,160.00 9 £66,819.10 £65,000.00 £3,240.00 £14,400.00 10 £67,298.45 £70,000.00 £3,330.00 £17,730.00 11 £67,329.55 £75,000.00 £3,780.00 £21,510.00 12 £66,885.53 £80,000.00 £4,230.00 £25,740.00 13 £65,937.86 £85,000.00 £4,680.00 £30,420.00 14 £64,456.33 £90,000.00 £5,130.00 £35,550.00 15 £62,790.51 £95,000.00 £5,220.00 £40,770.00 16 £60,547.74 £100,000.00 £5,670.00 £46,440.00 17 £57,693.40 £105,000.00 £6,120.00 £52,560.00 18 £54,190.81 £110,000.00 £6,570.00 £59,130.00 19 £50,001.06 £115,000.00 £7,020.00 £66,150.00 20 £45,464.52 £120,000.00 £7,110.00 £73,260.00 21 £40,178.79 £125,000.00 £7,560.00 £80,820.00 22 £34,098.92 £130,000.00 £8,010.00 £88,830.00 23 £27,177.25 £135,000.00 £8,460.00 £97,290.00 24 £19,363.29 £140,000.00 £8,910.00 £106,200.00 25 £10,889.69 £145,000.00 £9,090.00 £115,290.00 26 £1,430.67 £150,000.00 £9,540.00 £124,830.00 27 -£9,072.89 £155,000.00 £9,990.00 £134,820.00 28 -£20,683.66 £160,000.00 £10,440.00 £145,260.00 29 -£33,468.08 £165,000.00 £10,890.00 £156,150.00 30 -£47,496.57 £170,000.00 £11,340.00 £167,490.00 Assuming you start well, get a £5,000 a year rise every year, without fail, they raise the threshold as they have done previously and of course, inflation stays really low. Yours, RS
  2. Sadly no. How many people do you talk to that say "it would never happen" or "they wouldn't do it"? Let's not forget those that pay absolutely no attention to finance news, let alone understand the implications. Remember Cyprus? over a million people had no access to most of their money, what happened, nothing. The Banks do as they please, the best we can do is protect our own and keep quiet about it, lest they come for our barbarous relics, Yours, RS
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