Are local currencies the way to defeat the banksters?

  1. sannyasinman profile image60
    sannyasinmanposted 7 years ago

    This is a suggestion for a way to escape from the vice-like grip of the predatory banksters who are in the process of bankrupting entire countries and buying their assets for pennies on the dollar . . . … mp;lang=en

    What do you think?

    1. KingofthePaupers profile image57
      KingofthePaupersposted 7 years agoin reply to this

      Jct: Darned right, sannyasinman, the union of all the local currencies is the way to defeat the banksters. Why represent our colllateral with their chips for a fee, When we can represent our collateral with our chips for free? With Africa trading with mobile-phone minutes, Arabia trading with mobile-phone card credits, with Hours being traded in Ithaca, with Greencredits being traded in LETS,Facebook, Twitter, Craigslist, offering social currencies to their databases, the banks get no interest. And the movement to cut the middleman out of the usury is growing.

  2. Daniel Carter profile image78
    Daniel Carterposted 7 years ago

    I think it will only lead to isolationism and chaos. I believe, however, that the way to overcome predatory banks is to take our money and financial dealings away from them and invest in small, more local (but highly rated) banks and credit unions. It's because of the giant monopolies that we are in this position. It has allowed their greed and lust to flourish. Taking it back is empowering ourselves and gaining control of our own resources.