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. […]