Jump to content
House Price Crash Forum
Sign in to follow this  
gasket37

Silly Mozambicans Want A Banking System

Recommended Posts

Mozambique's government thinks it is lack of bankers and banking facilities is keeping people in poverty.

Heh. If only they knew ... :lol:

Share this post


Link to post
Share on other sites
According to the president, if more people in Mozambique saved some of their earnings, the country would be able to develop more quickly.

The president was probably advised by some Goldman Sachs consultants... <_<

Like most of sub-Saharan Africa, the informal sector is massive in Mozambique, but the profits are rarely deposited.

The government says has been told by the bankster consultants if they were that cash could help banks provide loans to other businesses, which could in turn create jobs.

Ahhh, the age old "debt is wealth" myth...

Edited by awake_eagle

Share this post


Link to post
Share on other sites

The president was probably advised by some Goldman Sachs consultants... <_<

Ahhh, the age old "debt is wealth" myth...

And they don't know bank just create bank credit out of thin air without needing deposit (or that credit precedes deposit)

.. and that government central bank guarantee on the banks is essential to keep the game going.

I am considering sending in my CV and charges them just 1/2 of what GS is charging...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.