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Chird65

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Posts posted by Chird65

  1. Apparently not quite correct. The money that was moved was largely in accounts that didn't pay any interest (or a low rate) but may have charged fees. The money moved is not kept permanently but can be reclaimed. The interest rate paid appears to be the current inflation rate. There are no fees.If the banks hang on to the money the bank benefits. If the government hangs onto the money the customers benefit as well as the government (us the owners of the government) who get cheaper loans.

     

    In some ways, it seems, the government, unlike the banks, is doing us a favour.

    Strange; when I worked in a bank and someone came in to claim an old account we would lookup the closed and dormant report, find the balances, manually calculate and pay the interest. The accounts were closed off to an internal account so computer storage was not used and maintained for mostly dormant small balance accounts. Back then the cost of maintaining the savings account was $5 a month. Fees depended on the account type chosen but once dormant and closed there were no ongoing fees.

     

    As the contract was with the bank to keep the money I can't see why a government should have use of it. I bet the bank still needs to do all the work when someone turns up to claim the money. Banks are not kind fluffy places; but that does not mean that they don't do what is in a contract. Why should they do favours.

     

     

  2. I suspect you probably would not be an atheist if you could not cope with the idea of non existence after death (or for that matter before conception).

    We don't get a seat on the bus because we don't accept that the bus exists.

    So the question I have; can you be an Atheist and believe in a pre and post existence after life? Chris

     

     

  3. ...I suspect it's contrary to the Australian constitution.

    Not really the first section of the Constitution states, I added bolding;

     

    "

     

    An Act to constitute the Commonwealth of Australia



     

    [9th July 1900]

     

    WHEREAS the people of New South Wales, Victoria, South

     

    Australia, Queensland, and Tasmania, humbly relying on the

     



    blessing of Almighty God, have agreed to unite in one indissoluble

     

    Federal Commonwealth under the Crown of the United Kingdom

     

    of Great Britain and Ireland, and under the Constitution hereby

     

    established:"

     

     

     

    If not specific then at the very least a very strong alignment with a "God"

     

    That I do not support hell and brim-fire type religious people, I do support the outcome of support outside of the current education system.

     

    Chris (RC) Retired Catholic

     

     

  4. just imagine if car drivers actually followed the rules, and made room, or god forbid, actually slowed down to accommodate cyclists! as they legally have to, as cyclists are considered vehicles they actually have the right to take up a whole lane, that is the law, like it or not... imagine if the cyclist was a truck, you would drive differently... ..

    Actually in Victoria this is not the case. You must keep left.

     

    Division 2—Keeping to the left

     

    129 Keeping to the far left side of a road

     

    (1) A driver on a road (except a multi-lane road) must

     

    drive as near as practicable to the far left side of

     

    the road.

     

    Penalty: 3 penalty units.

     

    Note

     

    Multi-lane road is defined in the dictionary.

     

    (2) This rule does not apply to the rider of a motor

     

    bike.

     

    Note

     

    Motor bike is defined in the dictionary.

     

    Rule 127(2)

     

    def. of

     

    road train area

     

    amended by

     

    S.R. No.

     

    137/2009

     

    rule 8.

     

    r. 128 Part 11—Keeping Left, Overtaking and other Driving Rules

     

    Road Safety Road Rules 2009

     

    S.R. No. 94/2009

     

    151

     

    (3) In this rule—

     

    road does not include a road related area.

     

    Note

     

    Road related area includes the shoulder of a road—

     

    see rule 13.

     

    130 Keeping to the left on a multi-lane road

     

     

  5. Come the revolution, bankers will be first up against the wall!

    Nothing against Howard at all.My gripe, people who think the Banks are responsible for how much they pay for their home loan and that the official cash rate is how banks fund home loans.

     

    The reserve bank sets the official cash rate. ie the rate the central banks charge the comercial banks for maintaining their cash reserves over night BTW, the cash reserves are a government mandated %. Sure it has an effect but not compared to what the Central reserve gets. Remember 1988 when we were paying 16%, the reserve was charging 12% and the banks were adding 4% margin.

     

    Wish I was a real economics wiz that could explain this well.

     

    BTW, I gripe about anyone that charges me for stuff... including the Bank. :-) Oh and I am not a banker, even though my back is against the wall.

     

     

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