Posts Tagged 'finance'
Tags: animal husbandry, banking, finance, goat, India, Korawan, Mirzapur, money, wtf
So, you thought your bank was as effed-up as any financial institution could be. Think again, a bank in India not only lends goats, it also accepts goats as deposits.
Women in remote Korawan, 70 km from Allahabad, have come up with a novel bank which exclusively deals with goats – accepting the animal as savings and lending it out as loans. In tough terrains of Mirzapur district, most of the people are engaged in crushing stone to earn a living. “Wives of these people help them in crushing stones and breed two-three goats for additional income,” Singh said.
Tags: crisis, currency, dollar, economy, finance, Obama, World Bank
“I think the dollar will remain the principal reserve currency.”
And added a warning to the new U.S. administration –
“Given the important role the U.S. dollar plays in the global financial system, it is incumbent upon the United States to pursue sound economic, fiscal and monetary policies.” he said.
I hope they are listening. Read the Reuters article.