Want money to buy horses...

borrow money (euros) in the EU (27 countries + 300 banks) at max 4%
transfer euros to mauritius investec and get 8-10%
open multiple accounts with max 200k euros in each account
make 4-6 % profit pa
use profit to buy horses..

Thanks Andre, more words of wisdom, we have missed you, are u in Mauritius

This sounds easy where do we sign up?

ps was this not what caused the worldwide recession?

What Hibby, u mean Andres posts?

lol

Hibs, the recession is more about banks playing derivative markets with their customers money, governments encouraging (some would say forcing) lenders to loan money to people that can't actually afford to pay it back, and governments spending money that doesn't exist etc. Well, it's mostly one government in particular but they're all guilty in one way or another.

Andrewest Wrote:

---

> borrow money (euros) in the EU (27 countries + 300
> banks) at max 4%
> transfer euros to mauritius investec and get
> 8-10%
> open multiple accounts with max 200k euros in each
> account
> make 4-6 % profit pa
> use profit to buy horses..


Taxable income in SA at 40% marginal rate
Currency risk
Bank systemic risk

No thanks Andre, carry trade is not for the faint hearted.

scotia Wrote:

---

> Thanks Andre, more words of wisdom, we have missed
> you, are u in Mauritius


HeY Andre, Im in Mauritius at the moment. If you here we can meet up and you can take me to places where jockeys dont have to pay for their drinks.

Sabre Wrote:

---

> Hibs, the recession is more about banks playing
> derivative markets with their customers money,
> governments encouraging (some would say forcing)
> lenders to loan money to people that can't
> actually afford to pay it back, and governments
> spending money that doesn't exist etc. Well, it's
> mostly one government in particular but they're
> all guilty in one way or another.


Agree and the one Government is the great Labour Party lead by the man who said that he would save the world from recession (which has not included his own country) the great unelected Gordon Brown. Roll on May when we can kick him out of politics for not only the good of Britain but for the world.

Nice little scheme. It has already cost one international giant in this game several fortunes already.

I prefer this one, myself, and it is infinitely safer.

This is how successful Jews do business.

Morris (the father) says to his son:
"I want you to marry a girl of my choice".
The son says: "I will choose my own bride".
Morris says: "But the girl is Bill Gates' daughter".
The son answers: "Well, in that case, yes ok".

Morris then approaches Bill Gates and says:
"I have a husband for your daughter".
Bill Gates answers: "But my daughter is too young to get married"!
Morris says: "But this young man is a vice-president of the World Bank".
Bill Gates answers: "Ah, in that case, yes ok".

Finally Morris goes to see the president of the World Bank.
Morris says: "I have a young man to be recommended as a vice-president".
The president answers: "But I already have more vice-presidents than I need".
Morris says: "But this young man is Bill Gates' son-in-law".
The President answers: "Ah, in that case, yes ok".
And that is how successful Jews do business.

barry:

nice one!

Amongst Moslems, we have the Memom community which is comparable with Jews for business acumen.

It is said that a potential son-in-law must have been sequestrated at least three times before being considered!

There goes love, relationship, commitment...out the window!

2010.... here we come!!!

Dennis Dykes – Chief Economist Nedbank

Good Morning South Africa TV2.

He seems to speak a lot but says nothing constructive.
A paradox.
The government says 1.5% growth, Nedbank says 2.5% growth.
The trade unions say another million jobs will be lost by December 2010
The government who has the union as their tri party alliance, says they are going to create jobs.
Pravin Gordon, minister of finance says we are short on collecting taxes by 184bn. Could be as high as R220b. before xmas we heard that we have overspend the budget of R657bn by R120bn.
So this is what is going to happen :
Banks are going belly up as I have indicated 12 months ago.
The Government is bankrupt.
The +840 JSE listed companies are going to post tax losses and carry them forward for 2010,2011,2012.
Transfer duty on property registrations are down and will go down even more as the banks don’t get money from the Reserve Bank to lend out for Home Loans.
Rates and property taxes, water and electricity will go up to bail out Local municipalities.
The government will issue more Government bonds.
Personal tax or vat will have to go up.
For the 8 month period march 2009 until November 2009, R126bn was collected in personal tax.
Divide that by 8, multiply by 12 for the years tax, divide by average 33 (average tax rate), multiply by 100 to get gross salaries paid to employees over the 12 month period, divide by 28 (Eskom as norm, where 28% of turnover is paid to salaries), multiply by 100 to get total company income for the country for 12 months.

Salaries paid to employees are almost the same as the entire budget for the country.
Hence the employees are stronger than the country.
Total company income is about 3 times that of the country budget.
It should be at least 7 times that of the country budget.