ktlight
3rd April 2011, 07:50
So I'm (britishnick of DI Forum) just back from the British Constitution Group Conference - it was fantastic, so much positive info!
The best bit (IMO) was When Roger Hayes announced that they're setting up a new banking system... and a new token, monetary system.
I strongly urge ou to find out more and register your interest.
www.lawfulbank.com
The rough deal (from memory) is as follows: (apologies if some of it is wrong, it's just too exciting not to tell you what I remember!!!)
You will make a plege to open a credit (not debt) account of at least £100 which you must be able to honour if ever called upon to do so (although hopefully you never will)
That £100 pledge (promise to pay) will act as a deposit and grant you credit in the new token system. It will be a type of fractional reserve account at 10 to 1. BUT the multiple of 10 is only valid to the person who put down the pledge, the bank will NOT be able to make the money from thin air for their own benifit or the benifit of other customers... the control of that is solely to the account holder. i.e. you pledge £100 and then you get credit of £1,000 tokens to spend within the system.
This new token money (like a new currency) will be spent at retailers who accept it and traded with other within the system. The Lawful Bank will guarantee that the money tokens can be swapped for GBP £ at any time.
There will be options to get a loan of new token money out, with a flat fee of 10%, no interest. There will be options to get a mortgage at a flat fee of 10%. Money generated within the system goes topay for the upkeep of the system. Branches that are successful will attract more business and flourish, branches that make bad investments will be allowed to fail to keep the integrity of the system as a whole.
It will need a big number of people to make this work, it will need lots of account holders, it will need lots of traders and retailers involved and it will also need people to help set up branches around the country.
The power to create our own money is absolutely key!!! We all know the banks are the ones screwing us over, paying for wars, stealing our land, stealing our freedoms... NOW is the time to take back the power and this is how we can do it.
If you are interested I urge you to register with the wite now www.lawfulbank.com
I'm sure at some point there will be an offficial announcement that will explain things much more clearly so please get involved and lets keep interested and get involved.
The best bit (IMO) was When Roger Hayes announced that they're setting up a new banking system... and a new token, monetary system.
I strongly urge ou to find out more and register your interest.
www.lawfulbank.com
The rough deal (from memory) is as follows: (apologies if some of it is wrong, it's just too exciting not to tell you what I remember!!!)
You will make a plege to open a credit (not debt) account of at least £100 which you must be able to honour if ever called upon to do so (although hopefully you never will)
That £100 pledge (promise to pay) will act as a deposit and grant you credit in the new token system. It will be a type of fractional reserve account at 10 to 1. BUT the multiple of 10 is only valid to the person who put down the pledge, the bank will NOT be able to make the money from thin air for their own benifit or the benifit of other customers... the control of that is solely to the account holder. i.e. you pledge £100 and then you get credit of £1,000 tokens to spend within the system.
This new token money (like a new currency) will be spent at retailers who accept it and traded with other within the system. The Lawful Bank will guarantee that the money tokens can be swapped for GBP £ at any time.
There will be options to get a loan of new token money out, with a flat fee of 10%, no interest. There will be options to get a mortgage at a flat fee of 10%. Money generated within the system goes topay for the upkeep of the system. Branches that are successful will attract more business and flourish, branches that make bad investments will be allowed to fail to keep the integrity of the system as a whole.
It will need a big number of people to make this work, it will need lots of account holders, it will need lots of traders and retailers involved and it will also need people to help set up branches around the country.
The power to create our own money is absolutely key!!! We all know the banks are the ones screwing us over, paying for wars, stealing our land, stealing our freedoms... NOW is the time to take back the power and this is how we can do it.
If you are interested I urge you to register with the wite now www.lawfulbank.com
I'm sure at some point there will be an offficial announcement that will explain things much more clearly so please get involved and lets keep interested and get involved.