Impact 101 launched 17.01.19. Why Crowdfund?
THERE HAS TO BE A BETTER WAY - BANKS DON'T LEND YOU MONEY - THEY MANAGE SECURITIES - YET YOU HAVE DEBT?
SOME FACTS ABOUT BANKING
1. Money/ Credit is Created From Nothing. Your signature on a Promissory Note creates Credit.
2. Basle 1,2,3 is Not A Solution. Regulation Through Holding Capitol?
3. Banks Manage Securities.. They Don’t Lend You Money
4. The Money at the Bank Belongs to Me? Doesn’t it? - No
5. The Money At The Bank is Owned By The Bank and You are a Creditor. Its a Loan You’ve Given to the Bank.
6. No Bank Has Ever Lent Money.. Ever.
7. When You Sign a Loan Contract You Have Issued A Debt Instrument. A Security.
8. The Bank Buys The Debt IOU From You.
9. The Bank Owes You Money That is Called A Deposit.
10. Banks Have an Accounts Payable To You. Its a Liability to You or a Customer Deposit. That is Fictitious.
11. Who Creates the Money Supply? M1 M2 M3.
12. 97% Created from Fresh Air.
13. 2008 Barclays Created Their Own Capitol Out of Nothing. £10 Billion in Shares.
14. We Can Get Out of Any Problem Without Taking Public Money. RBS, Lloyds Were Given Public Handouts.
15. Solution: Central Bank Buys Non Performing Assets At Face Value. No need for a financial crisis.. Ever.
16. Banks Aren’t Part of The Real Economy They Take From The Economy. Banks Don’t Add Value.
17. The European Central Bank Blows Up Economies.. This is What They Do. Greece, Italy, Spain, Portugal.....
United Kingdom – Were Next If You Let Them