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Payday loans seem to be all the new rage. What is a payday loan you ask. Well in simple terms it is an advance on your salary. It is a short term, unsecured loan. The term is normally less than 30 days. That is until the next pay day. These loan companies usually use a slider bar, so the borrower can see how much it is going to cost them in interest to borrow X amount of money. This is usually shown in a Rand amount, not as a percentage. So you know exactly what you have to back back to the lender.
These amounts that are borrowed may seem small as they are over a short time and the capital sum is not usually for more than R8000. But the interest is actually quite high if calculated over a year. This is due to the fact that the money lent is unsecured. Lenders globally have approximately 24% of borrowers defaulting. So they see these loans as fairly high risk and therefore charge a high interest rate.
It is for this reason that payday loans should only be used for emergencies and not to buy the latest most fashionable pair of shoes. If your car breaks down and you need your car for work, then it needs to be repaired. What happens if you don’t have the R5000 for repairs. Friends and family don’t have the funds to help bail you out. Or they simply refuse to lend you the money. We have all been in that position. This is when payday loans come to the rescue. They can help you out in a cash flow bind.
If you need to check out 3 of the local payday loan specialists then click here . But remember, only if you really need the money.
This is a must read. All the things your bank doesn’t wan’t you to know and the questions you should ask .
%%What Thomas Jefferson thought of banks in 1802%% is a post from:DoYouHaveFiveMinutes
This is amazing. There are two parts. Be sure to read the 2nd part (in RED).
Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped.
At 5, began studying under his cousin’s tutor.
At 9, studied Latin, Greek and French.
At 14, studied classical literature and additional languages.
At 16, entered the College of William and Mary.
At 19, studied Law for 5 years starting under George Wythe.
At 23, started his own law practice.
At 25, was elected to the Virginia House of Burgesses.
At 31, wrote the widely circulated “Summary View of the Rights of British America and retired from his law practice.
At 32, was a Delegate to the Second Continental Congress.
At 33, wrote the Declaration of Independence .
At 33, took three years to revise Virginia’s legal code and wrote a Public Education bill and a statute for Religious Freedom.
At 36, was elected the second Governor of Virginia, succeeding Patrick Henry.
At 40, served in Congress for two years.
At 41, was the American minister to France, and negotiated commercial treaties with European nations along with Ben Franklin and John Adams.
At 46, served as the first Secretary of State under George Washington.
At 53, served as Vice President and was elected president of the American Philosophical Society.
At 55, drafted the Kentucky Resolutions, and became the active head of Republican Party.
At 57, was elected the third president of the United States.
At 60, obtained the Louisiana Purchase, doubling the nation’s size.
At 61, was elected to a second term as President.
At 65, retired to Monticello.
At 80, helped President Monroe shape the Monroe Doctrine.
At 81, almost single-handedly created the University of Virginia, and served as its first president.
At 83, died on the 50th anniversary of the Signing of the Declaration of Independence, along with John Adams
Thomas Jefferson knew because he himself studied the previous failed attempts at government. He understood actual history, the nature of God, his laws and the nature of man. That happens to be way more than what most understand today. Jefferson really knew his stuff. A voice from the past to lead us in the future:
John F. Kennedy held a dinner in the white House for a group of the brightest minds in the nation at that time. He made this statement: “This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone.”
“When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.” — Thomas Jefferson
“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” — Thomas Jefferson
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” – Thomas Jefferson
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” — Thomas Jefferson
“My reading of history convinces me that most bad government results from too much government.” — Thomas Jefferson
“No free man shall ever be debarred the use of arms.” — Thomas Jefferson
“The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.” — Thomas Jefferson
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” — Thomas Jefferson
“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” — Thomas Jefferson
Thomas Jefferson said in 1802:
“I believe that banking institutions are more dangerous to our liberties than standing armies.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered.”
Quite prophetic don’t you think? Now what do we do about it?
Take a look at our wall of SHAME
Perks: Disgraced banker Peter Cummings has left HBOS with an estimated £10m pension pot
This guy helped bring about the collapse of Halifax Bank of Scotland. What a joke.
Read more: http://www.dailymail.co.uk/news/article-1157747/The-new-10m-bank-fat-cat-Man-helped-HBOS-knees-pull-pension-400-000-y
The Spanish Government is looking for a 19 billion Euro bailout for the Spanish bank Bankia. It is partly in deep shit because of this fool Aurelio Izquierdo, so why should he get such a big payout of 14 million Euro? Or is it better to get rid of the fool before he can lose more money????
This senior executive Matias Amat took early retirement at 58 from Bankia. My mom lost half of her retirement. This guy I am sure made a fat salary and then still got a 6,2 million payout. That is for doing a crap job as the bank needs a 19 billion euro bailout. Come on.
Canada is seen as a stable country and a good place to live. They work on the same banking system that the rest of us use. Take a look at these short clips to see where money comes from and where it goes. Simply put, but fascinating to watch.
He calls his clients muppets. The same average Joe’s that have bailed out the banks. Take a look at this article. Makes your blood cook. http://www.ft.com/intl/cms/s/0/3f12a140-6dd1-11e1-b9c7-00144feab49a.html#axzz1qPu35RGk
pricks on sticks a little clip about our wall street bankers
How does the average Joe stopped getting ripped of? The answer is simple… through knowledge. We need to inform ourselves and not just go along with the masses and trust. Many of the major banks that helped cause the financial crisis are under investigation for fraud and for downright lying to their customers. Getting their customers to buy mortgage backed derivatives to keep the price up while selling their own holdings in the same stock.
start your journey here with this book
“It was not the consequence of a cyclical downturn of economic activity, but the result of a complex process of financial manipulation, including speculative trade in derivatives.
These speculative operations drove the market up at opportune moments and then drove it down.
Those who have access to privileged information — political, intelligence and military — had the upper hand in the conduct of these highly leveraged speculative transactions. In turn, private and offshore banking enabled the profit to be transferred from one location to the other.
The financial markets triggered the collapse of listed companies through short selling and other speculative operations. They then cashed in through buying the profitable operations of the bankrupted operations.
Having caused the financial meltdown, they have cashed in with windfall gains through the bailout money provided under the Bush and Obama administration bank bailouts. This has furthered their control over the real economy, by buying up and acquiring real economic assets; as once highly profitable companies collapse, the money managers pick up the pieces.
The Bush/Obama bailout measures will contribute to a further destabilisation by transferring large amounts of money at taxpayers’ expense into the hands of private financiers, resulting in a spiralling public debt and an unprecedented centralisation of banking power.
State-owned assets and everything under state jurisdiction is up for private acquisition as the financial establishment calls for the restructuring and privatisation of state assets.
What we are dealing with is a large-scale process of appropriation, unprecedented in history.”
Bankers still rake in fat salaries and bonuses. These investmentment professional are the same guys that a couple of years ago got us all in the shit. Some people lost their pensions. Governments had to bail out banks with tax payers money
However salaries at investment banks have been increased by around 40% over the past year. As a result pay, pensions and bonuses per head at Barclays Capital have risen 20% to £236,000 on average – which doesn’t look too mean, at a time when most British people are suffering real cuts in their earnings as a result of inflation and low pay rises.
click here for rest of article
Rest of the country
Average earnings including bonuses were up by 1.8 per cent in October-December compared with a year ago, a drop of 0.3 percentage points on the July-September period. Excluding bonuses, the figure was unchanged at 2.3 per cent.
rest of article here