Amongst some papers I discovered a brochure for the Presbyterian Mutual Society, it is undated but seems to be around 2002/2003. On looking at it I have some questions for the church and the former Board of Directors during the period from then until its collapse.
Posts Tagged ‘Finances’
11 Mar
Smile, you are ethically banking [from ajustlife.org]
You have all heard of the Coop, right? Well a few years ago the “Co” started an internet only banking organisation called “Smile”. It was the early days of internet banking and only the young and foolhardy like myself were willing to part with the traditional bricks and mortar bank approach and commit [...]
6 Mar
Quantitative Easing – part 2
Imagine a bank that looks like this (simplified for my benefit as much as anything else!):
It has £100,000 of money on deposit. According to banking rules, each bank is allowed to loan out 90% of the money it holds on deposit. Or to put it another way it must keep 10% of the [...]
6 Mar
Quantitative Easing – part 1
So, here is what seems to be happening in my best layman’s terms. The businesses in our economy are not selling enough stuff because we are not buying enough stuff.
The businesses are not making enough profits and some are even making a loss therefore they decide to cut their costs which in some [...]
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