I talked with one woman who said she made like 10% from just depositing money to the bank during financial crisis, safely, deposit accounts are insured in Lithuania up to 100k not sure euros or Litas back then.
And I was thinking, when there will be another financial crisis, I can also earn again.
But one guy said - we will never see so high interest rates, because now the situation is different - banks do not need money to be deposited to lend money. THey can lend money which they do not even have. Is this true and and we will never see 10 % interest rates?
And I was thinking, when there will be another financial crisis, I can also earn again.
But one guy said - we will never see so high interest rates, because now the situation is different - banks do not need money to be deposited to lend money. THey can lend money which they do not even have. Is this true and and we will never see 10 % interest rates?