Europe starts confiscating private pension funds

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JohnB
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Joined: 22 May 2006, 17:42
Location: Beautiful sunny West Wales!

Post by JohnB »

biffvernon wrote:And as such an ethical trader and farmer the Co-op have banned the use of the bee-killing neonicotinomide pesticides from their land and are speerheading campaigns to save the bees.

Do Tesco care?
You shop, bees drop :evil:.
John

Eco-Hamlets UK - Small sustainable neighbourhoods
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oilslick
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Joined: 11 Apr 2007, 20:53

Post by oilslick »

Interesting. The Aussie government is trying to do the same over here in a round about way - everyone HAS to get 9% paid in by their employer by law so there's a stack of money 'waiting in the wings'. Aussie banks owe something like $400bn to foreign lenders on short-term loans so when the next credit crunch happens they're in trouble.

So the answer is 'to encourage competition in the mortgage market' by encouraging super funds to put money in the mortage market. Great...so you pay your super which they then give back to you to buy a house which you then pay interest on...but it was your money already!

Hello btw, hope all is holding together back there on the other side of the world...global warming seems to have gone on the backburner from what I hear!
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