Sunday 12 August 2012

Central Bank or "Mobile Bank"

A Central Bank should manage money and financial duties for a State. A Central Bank should be like a treasurer for a non-profit association. … . However, central banks have incestuous relationships with private banks using fractional reserve banking, increasing global debt by virtual money, and never forget that the money for  the interest rates is not created by banks …..

So, it’s necessary to offer another methodology, like complementary currencies are a good alternative against national currencies. Be aware that it will be very difficult, or impossible  to give up Fractional Reserve Banking, but it’s necessary to find another paradigm !!!!

In a Globalized World, I trust “mobile bank” concept …. Prospective wealth and valuable assets are everywhere , but not equally distributed around the World. It’s important to have local and ad hoc financial tools. Economy, it's only EXCHANGE.

With concepts like “outsourced resources banking” , “ad hoc currency”, or “mitigative business” , I think banking sector could become a true  field activity.

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