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Promoting Local Currencies

What is local currency?

Fractional Reserve Banking

| November 14, 2012

People have been asking me, isn’t it Fractional Reserve Banking that is the problem in our current financial system? No, it is not. It is interest that is the problem. Local currency as we promote also practises Fractional Reserve Banking. By creating money out of thin air for businesses to borrow is a necessity for economical growth. […]

De Jak Bank (dutch)

| November 7, 2012

Vanaf 1997 is in Zweden de JAK BANK actief, met een vergunning van de Zweedse Centrale Bank. Evenals de Nederlandse Rabobank is de JAK Bank een coöperatieve bank. Dit betekent dat de leden het voor het zeggen hebben. Nu is de positie van de leden bij de Rabobank vergelijkbaar geworden met die van een aandeelhouder […]

Take your Money out of the Bank NOW!

| November 3, 2012

Take your Money out of the Bank NOW! Anthony Migchels explains what is happening with your money in the banks.