Frank and Ernest by Thaves for January 27, 2021

I’d prefer they stay the size they are manufactured. Otherwise they don’t fit the player. :-)

Interest rates in Australia are APPALLING at the moment & have been for a long time. For the pittance you receive the only consolation in depositing in a bank is that the bank deposits are Government guaranteed to $250,0000. You just have to take the interest rate as opposed to hiding the money under the mattress.

If you are retired, you are screwed. Then; CDs were my parents retirement lifeline for secured interest income. Now; Buy rice and beans. Learn to hunt. Squirrels are tasty.

There was a story in a Mad Magazine published before you were born. There was a pitiful old man who only ate rice and beans and wore rags. When he died, the police were going through his things. One pulled out the old man’s bank book and said look at this. In the book that had been closed out years ago, there was a recipe for rice and bean casserole.When my mother was little, all her mother could afford to make was noodles and biscuits.

The bank puts no interest in our money. There’s more interest in Barry Manilow CDs than bank CDs.

An English comedian [now long dead] replied to a bank overdraft letter threatening action against him. I don’t know why you’re so upset. After all, you’ve had a good more of my money than I have had of yours. And I’ve had to pay you for the use of it, while you’ve paid me nothing. Is that fair? I’m with him.

Interest on cds is related to inflation so a person may be better off receiving .5% if inflation is 1.5% than receiving 5% and inflation is 6% Also interest is taxed.

There’s no bang for your buck.

I’ve known people like that. They reached physical maturity with no emotional growth.

Gee, whatever happened toBarry Manilow? He wrote some great songs!

This is all too true and not at all funny for those of us who have seen near zero interest rates for many years now and just as they were perceptibly rising, the pandemic dropped them back to zilch. So much for the old ideal of socking away money for our golden years when it would have grown by the old standard of 5% per year to be a nest egg we can live on the rest of our lives. Now the opposite is true…. our savings are continually eaten away by inflation, and we may as well bury the money in the back yard where it would be easier to retrieve. Meanwhile the banks do make significant profit off our savings but do not share it with us. But then, I suppose those of us who actually have savings should not complain.

Banks pay %.35 and charge credit card holders %35.00, what a racket.