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I am preparing for Global Recession, Be cash rich
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Maverick2011
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Sep 15 2011, 09:47 PM
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Getting Started

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Anybody with a sane mind will tell you this Genneva ( purposely make it sounds like Geneva?) is a PONZI scheme and cannot sustain. Please don't be so foolish guys. Do you seriosuly think a company can afford to pay to 20% to 30% annual interest? Sigh.........
Pls do not join or buy the gold sold by this company if you do not want to lose your hard earned money!
But, I know, the ponzi will continue...simply because people are greedy, and there are also enoug suckers around.
take care bros
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Maverick2011
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Sep 17 2011, 04:29 PM
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Getting Started

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QUOTE(prophetjul @ Sep 17 2011, 04:18 PM) Whether i am old enough is not the issue as i was told. Whther the banks gave 0.7% over the listed rates is also not an issue. The issue really is i cannot remember any banks giving 10% for a long period of FIVE years...... One year is quite acceptable but FIVE years? I can confirm what Cherroy said is true. I don't understand why you cannot understand banks will give 10% for 5 years. They don't care whether interest level is at 2% or 10%. What they care is match their asset/liabilities exposure. They are also giving out loans at much higher interest rates. Banks just earn the spread between what they charge and what they receive. So hard to understand? Be more open. Just because you cannot understand does not mean it does not exist.
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