Using a South African bank debit card – one can withdraw money from a Thailand ATM. This example using Thailand’s SCB bank. The amount requested was: 5000 Baht The access fee (for any amount) is: 250 Baht The quoted exchange rate includes a spread / markup of 5.50%. At the given rate of 1.8345 Baht […]
Category: Finance
This post gives an overview and comparison of Living Annuity Platforms in South African. What are LISPs? A LISP lets the owner choose where to invest the money within the account. The money will be deposited into a living annuity platform, which is usually a website or portal that you can use to view and manage […]
Update: December 2021 Note: I wrote this some years back. After learning more and listening to more people it is clear that inflation is not a single number. We want to summarise it as a single number but different things will change in value based on their supply and demand which is in turn influenced […]
Note: Positive money is the organisation that made the "97% owned" documentary and it is important to understand who funded the documentary to get a clear idea about the motives The solutions to the problems raised may already exist…starts with a B… 97% Owned Seigniorage – a form of fund raising for the government by […]
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Summary of Princes of the Yen Movie
The "Princes of the Yen" is a documentary movie created from the book of the same name. The author Richard Werner, a renowned and knowledgable economist unlocks the key decisions, ingredients and consequences of Japan’s post-war economy. This post is a summary of some of the profound points. Princes of Yen After the war was […]