Creating our own bank

[hagbard_celine]

Originally Posted by drhemp

Fantastic idea.

Let's not talk about it, let's do it!

We can do both.

Originally Posted by hagbard_celine

We can do both.

Of course, I meant just talk about it.

[hagbard_celine]

I've done the flyer. just got to get it printed now. See:

http://www.davidicke.com/forum/showt...971#post857971

[domtak]

As much as I love the original idea, I'm sure it's a closed network with lots of loops and holes to jump through and around to even become semi-serious. The words 'stitched up' spring to mind.

Originally Posted by hagbard_celine

I thought about asking people on my street to set up our own currency. Hopefully there'll be a cross-section of all skills and professions so that we can all serve each other. I know for a fact that my next-door neighbour is a mechanic. I'm going to print a flyer with the headline CREDIT CRUNCH? WHAT CREDIT CRUNCH?

This is a great idea, it's as grass roots as you can get. I would love to see how this could be extended to select groups. Like a special networked currency. What was that programme about a TV presenter who went homeless and he discovered by doing odd jobs within a network he could earn a special credit (can't remember the name) which he could trade in for food and lodgings. So painting a room for an afternoon would earn him a meal and nights kip.


Believe it or not, large corporations use this very same principle but on a larger and wronger(!) scale - naturally . A friend used to run a national free magazine and would have to source advertisers. The big corps would get involved but only if they could pay with their own currency of special tokens. These could only be spent within their currency network. Hundreds of large corps were in this network so the currency wasn't useless - the only thing was everything you could buy was at a premium. So in reality it was a really bad deal.

[lewi]

Taxpayers money was used to stable the banks and this allowed for the taxpayer to own the banks however there is no such thing as the taxpayers money as it is there money once it leaves your wage so it is still thier's but they try to trick us.

[Ian2day]

We could set up a credit union under the Freeman banner. That way in the UK it has less initial money needed to get it off the ground. I was playing with the idea for a Depreciating Income Deposit Scheme form of currrency along with a more traditional currency backed by silver. So 10% of the currency issued has a use by date of say 6 weeks. With over time the % rising of the money which expires.

This DIDS money is used to trade between people in the scheme for small consumer items and services. With the balance being held on something like a watch. For this to work though people have to either sign up to it on a global scale. Or they have to live in the same small geographic region. There is a lot of headaches involved in all of this. I've been trying to see if there is a way to make it work in a dispersed community like this forum has and keep getting stuck at the cost to create and manage the DIDS system.

Apart from the idea to make the money have an expirery date. The hard part comes from finding a way to designate a value to someones time, effort and services. Which everyone can agree on. There is no easy way to do this. Sure the local credit union concept can be exploited with perhaps there being several fo these set up all over the globe and then linking them together.

With one currency and no exchange rate. It means that we place the same value on the goods and services provided no matter where you live. It would mean that every person on the planet suddenly has their hand in a one world global currency scheme. The DIDS watch would be the mark of the beast without which no one can conduct personal trade. It would be free from taxation due to the way that the DIDS scheme would make the barter system have an expiery date that the credits had to be used by. A bit like a mobile phone top up voucher. Except it is conducted on a local level between individuals.

Maybe depositing the DIDS into a credit union. Would mean that they can extend the use by date with some percentage taken to cover the administration of the scheme. Once everyone has a certain level of DIDS saved. It is automatically converted into the silver backed currency.

I couldn't make this happen as I lack the know how. In fact is it really the step we would want to take. Bringing in the one world currency, would it create more problems than it solved. From my observing the way some people have engaged with the Freeman concept. I don't think that we are all ready for this kind of system yet.

The various posts made on the Freeman concept has shown me that people lack the maturity for this to be a self administered system. As long as the education system is exploited to dumb people down then people in general will not of developed discernment and critical thinking skills which enable them to create a fair adn just socirty. The development of individuals is of importance.

This all calls for a total paradigm shift. A new concept of comminuty is called for. Being based at a local level for the issuing of things like credit and mortgages etc. That way if the people in the community know who it is being given the credit then the window for fraud adn false claims for investment schemes is limited. It will never be able to descimate the finances of the entire planet again if the financial system is controlled by local people for the benefit of local people.

[bowtiedaddy]

Originally Posted by skyline

I have just read the thread about North Dakota having its own bank and it seems they have a budget surplus so this got me thinking. A bank is a company and what is there stopping us from opening our own bank,think about it.We have this crazy worldwide fractional reserve system and correct me if I am wrong all banks run in the same way and hey we support them,we pay for our prison be it mortgage loan charges the list is endless,so what is stopping us from becoming a bank?We dont even need a high street location as the web is all you need.Lets say 1000 people deposit £100 pounds in our bank using the fractional 10-1 ratio thats 1,000,000 pounds that can be lent.Lets say one of you out there has a 100k mortagage with Barclays,you remortage with our bank paying off barclays with our own illusional money and now our bank can use the asset your home to make more illusionary money which can be lent and the process grows slowly people can break away from the illuminati infested scumbags,hey if people deposit in numbers not expecting huge interest payments then the borrow our illuionary money with little interest

We need to be in control of own destiny maybe this is a way

your positive thoughts please?

Yep. Go for it. Bring it local. Local currency, local banks, local economies. It will KILL the NWO in their tracks if people quit using their system..
Talk with your city council. Show them the benefits of a local currency to set it apart form the national economy. Show how local private currencies are not only perfectly legal, but boost local economies wherever they are enacted. It encourages people to spend locally, guards against inflation on a local level, and keeps local businesses from going out of business. A win on every front. Plus, private currencies aren't taxed. I'm not even sure that you would have to charge a sales tax... as far as in the US, only federal reserve notes are taxable by the IRS (excluding other kinds of taxes, of course)