Our present banking- and monetary system is based on debt. Without the creation of this debt there would be no money in circulation. We wouldn’t be able to buy or sell anything. This debt is often burdened with interest. Interest removes money from society (the real economy) which causes a shortage.
To combat these shortages, extra money, created from thin air, is brought into circulation and it’s based on new debt. These debts are also burdened with interest. And so over many years debt is stacked upon debt and interest stacked upon on interest. This has caused an unsustainable shortage across the whole planet. Does this make us happy?
Most banks are 'trapped' in their own competitive system, while there are other possible ways to a) be a service to society and b) as a bank to earn its money in a just way. It’s a question of what you want and what you choose. Interest is certainly not a sustainable product. So which bank can call itself sustainable?
> 80% of all humanity pays interest > 10% receives as much interest as it pays > 10% receives 90% of the interest paid
All trading pays 45% on hidden interest costs. Extra money created out of thin air makes the existing money worth less. This is called inflation. According to the economist Keynes, inflation is damaging and a form of theft. The amount of interest that is paid to banks over the sovereign debt is now almost as much as the amount of the cut-backs our government is imposing.
The negative side-effects of interest payments are clear. In relation to this I would like to point out that the resultant shortages caused by interest payments in the coming years (more than in 2008-2009) will be compensated by all of the available money from society (taxes and pensions.) Just click on this link.
I ask myself if the people who take part in the Occupy movement are really aware of the true, core causes, like interest payments, that in the end ensure there are, and always will be, unquenchable shortages in our society. Sustainable banks? I don’t (yet) think so. Do you want real solutions? Then click here.