Thread replies: 5
Thread images: 1
Thread images: 1
I would like to ask you guys whether you know more about Banking in the former eastern bloc. And how it was compared to the banking system in the Western world.
>>
anyone?
I know it might not be the most interesting thing in the world
>>
>>1814994
I can tell you from the perspective of an individual but keep in mind this was still an analog age:
1a. every surplus after bills/food/entertainment goes into foreign currency paper obtained on the black market (official exchange rate wasn't real)
1b. every larger purchase is done as far away from home as possible and paid in multiple cheques; many of those get lost along the way, never reaching your bank; regardless, after 2 or 3 months inflation eats them into trivial costs whereas glorious people's economy paycheck gets regularly adjusted for inflation
2. GOTO 1 ELSE 3
3. after enough has accumulated buy land off someone directly in foreign currency
4. pay for everything but the permit to build the house in foreign currency
5. GOTO 1 ELSE 6
6. communism collapses
7. you now have x houses loaded with stuff you got for cheap
8. rent x-1 houses, get money and talk shit about communism
>>
>>1815038
Thanks for your insights, wow
>>
Seems to be happening in Vancouver now rich Chinese moving money out of county to hide from government this driving up housing prices
Thread posts: 5
Thread images: 1
Thread images: 1