La Tarcoteca

La Tarcoteca

martes, 31 de marzo de 2015

Handbook: There is Alternative to banks!!!

Why we need to be defence from banks

Who has the money has the Power. Recovering our capacity of decision
Bank's Power is absolute: political, economic and social. Not much to discuss, our dependence is total. Easy and safe services for costumers. All payment done or data collected by a bank is recorded, share and sell. Taxes payment is automatic. Monitoring and control over each person is absolute.

Instead is imposible to access to the bank companies accounts keep as a proffesional secret, audits are performed by government out of the public eye and in case of faults they pay ridiculus bills. Government access to any bank request as they think they move the economy thanks to the invest they do founding companies. Just one problem, this companies use the money in their own profit, working as one as sharing the same interests. Their financial activities provoques huge changes arround the world. Economy is exchange of goods and services, and there are many ways to get it without to use bank services.

This is just an absurd bank system. There is no real found for citizens.
Another Bank is possible, but not redy at the moment

If we recover our money we recover our capacity to do things, independence and decision. As the financial system is full developed everything we do is in our bennefit. We can start now.

Protect against Crisis and contingences
In our day to day, to live without banks means to be protected from the economical manouvers that use to happend in the world. In september 2014 Sterling Pound fell becouse scotthis referendum, december 2014 rublo fell 60% due to oil, in febrery 2015 euro fell 20% due to Swiss Franc. An economical inestability created by banks. Normal economy is abnormal, the life savings can evaporate in one single bad day. Things can change really fast and we need and can be protect from this situations.

We need another kind of financial services
All we need financial suppor and financial institutions, but there are may ways to do banking, and all are far from the nowaday practices. We need to be protect from this out of control companies.

In this video a discussion about our dependence on banks, also light.

Banks Mean Threats
Quantitive Expansion QE- conducted by central banks all over the warld, including UK, USA, UE, Japan, Venezuela, Nigeria... Quick explain: suposse poors have 1 pd and rich 1pd, rate 1:1, 50%, but there is no money to invest. Now government via central banks introduce 1 pd just to invest, and set the conditions to give it to the richs because they are the only people in the universe capable to invest. The rate is now 1:2, 33%, evident lost of purchasing power. we poors are double poor, but keep the same money, £ 1, so government and banks can say we have the same adquisitive power.

Finalcial markets- banks has many kind of products that exchange between them in their own markets, far from the sight of the public. Popular items are CDS, stock options, currency exchange, FRAs, deposit transfer, investment fund, interbank loans... beyond any excuse all these practices are all speculative and serve only to inflate the economical bubble around the world as the one in 2008 that starts with the widespread cuts here in England and have not finish yet.

Macroeconomy- Credit, loans and mortages
All we need financial support, money that we dont have to start our projects. This is use as a wepon by banks as they only grant at their own interest, far away from the public interest. That means that if you are no suitable for a credit, 0 hours contract, chronic disease, disability, you will never have a house, a business or the choice to change your destiny. This practice have to change.

World alternative to banks
There are many places in the world where banks do not have as much power as they have in northamerica or europe. 60% of the South American population or 80% of the African population lives without banks with their own financial services. This fact is linked to underdevelopment as capitalist understand. These economies do not grow as fast as neoliberal economies. Their economies are focus in the local resorces consumption, 5-10 times less tham our, wich make them more resilet to periodic crisis and helps to protect the enviroment.

Credit, Loans and mortages are made through local credit institutions. We can find examples in Peru, the "Cámaras de Crédito Local" Local Credit Council. This video is tricky but show how works the Credit Unions system in US.

Pros and cons of bank services substitution
The most important caracteristic is the Mix of Services requiered to provide the hole pack of services that banks dispose.

There are clear advantages.
- Absolute control of finances- from the begining to the end of the process, knowing that your savings will not be harmful for you, investing your own money in the companies that explode you as weapons industry, nueclear electricity companies, big pharma or volture founds.
- Less goverment control, that means that you can pay the duties (fees, tax, bills) in terms and conditions adecuated to your situation and no so mandatory.
- Decentralization- the money is easier invested in local goods and services.
- Resilence- Mix of services allows that in case of any problem happend just a part of the services are stop, carry on with the others. Ie when a debit card is not working you can not use any of the others bank services.

The downside
- Less availability of services- not all the services are avaliable as easily as banks do.
- Complexity- the mix of services and companies increase the time studying options and services. The choices can not be clear.
- Incertitude- the set of checkings and control for the regular client are strong in banks and insurence in contingency. At the moment some of the alternative services, do not have the required quality, giving problems difficult to solve at times.

Banks Services and substitution

Living without banks means to study its service portfolio and use the alternatives, many of them traditionals. All banking operations can be done without banks. Virtually all banking activities can be replaced by the use of cash, or "0 fee bank accounts".

England is one of the cheapest countries for banking. Even so using alternative services can make you save between £ 200 and 500 per year, maybe more! Bet you did not know. It is called scam.

We recommand and see an important need for a "B account" beside the Current Account: contributions in cash or other products not subject to taxes or bank manipulation. Good luck!

Banks- Transfers Commission: £ 0-20 each at a different bank account
No banks

- Direct Payment on account at the office branch. If monthly payments £ 0-200 annual savings are evident.

- Temporary or paypal accounts. To transfer only the deposited money. The bank can not take extra fee in case there is.
- online Banking. Many services require no commissions.
Essential for the payment of certain bills, tickets or banknotes.

Bank- Commision credit/debit cards. £ 0-10 per month.
No banks
- Use Cash
- Use of prepaid cards and payment

-Use Debit cards keeping the “account to £ 0”.

Banks- Checks Commission by depositing.
Very variable. Very difficult to overcome. The positive is that you can cash it in full in cash without opening account. Payment of fines and fees. Commission on overdrafts and debts. When the balance is negative.

No banks
- Use cash. Direct revenue account.

- Maintain the count to £ 0, remove the fiat money within minutes, rather seconds, that a payment is made. Stay tuned.

Banks- Commission for cash withdrawal. £ 0-5 per operation
No banks
- Use cash.

Many of the payments we have are mandatory bank transfers, as salaries, so the use of banks is essential, what can we do.
- Remove all the cash at once to pay only one time and keep “account at 0”
- Withdraw cash at ATMs without commission.

Banks-study and opening of credit Commission: £ 500-1500 per operation.
No banks
- Use of cash. Cameras local credit

- Micro-patronage / crowfounding / bonds
- Contributions from members
- Contributions from subscribers
All these activities will also pay taxes, so the only way to avoid this is to pay in cash.
Not valid on purchase of personal property such as a house.
Never ever go to fund or hire-purchase in shops (computers, cars, forniture)! It is a simple trap!

The Cryptocurrency can mitigate the effect of taxes.

Banks- Currency exchange Commission. £ 0-5, and 2-5% per operation
- Exchange office. Are companies very commun. You have just to find the better offer.
- Criptocurrency. With only reliability of a fair, reliable, and delocalized electronic currency, barely exchange fees.
System: install the manager app and open an account, buy Cryptocurrency , you travel to other country and exchange the Cryptocurrency for local currency in a branch office.
- Online Transfer- exchange companies settled in differents contries that are able to bounce the money from one to othe in the way you paid up to 90% less commission that in banks. Ie
- Gold. System: Purchasing gold for the value to be transferred, make the trip and change when arrival. Surely you come out winning. 1 oz, 31.1 g, a miserable coin is exchanged for £ 799,59.
Problems with availability of offices and payment fees.

Banks- New commissions.
The imagination of bank to make money grow is incredible. Some of this are: extra Paper statements 1pd each, Copy of issued statements 1pd each, Automatic transfer facility £ 7-25 each, Bank Drafts: Original request for a Bank Draft 20pd, Cancelling a Bank Draft 10pd, Posting a warning on a lost or stolen Bank Draft £ 20; Electronic Payments into your account £ 0-30 each, Electronic Payments from your account £ 0-30 each...

-”account with £ 0”. Open up an account at the receiving entity maintaining 0pd and using it just to do payments. Savings of between £ 0 and 100 per year.
Take care, some banks retain legally the money some days to verified the operation wich could redirect your money and loose it.

As we have seen almost all daily activities of banks can be made through alternative, implying a change of habits. If we stopped smoking, drinking and eating junk food we can stop destroying our future just leaving banks.

There are still important points to resolve in terms of the banks that have not yet been adequately resolved: Credit financing.

Alternatives to banks

Cash. OK
The advantage is clear, the cash is managed personally and use unique and exclusively in our transaction without paying extra fees or other charges. That represent a proffit between 120 and 500 pd per year. It may not seem like much, but it's almost a monthlys salary for many families.
We all lived like this before 1975 when the 1st credit card and Cash Machines was introduced.

Problems with contingencies.
Discomfort in displacement to do payments. Ideal if you do not plan to travel.
Problems of availability and access to bank branches. The current trend in banks is to close branches and replace it all for Cash machines or online banking, becoming a serious problem in some localities.
There are home deposit problems, having to rely on unwieldy amounts of cash at home.

To face the cash payments we recommend taking one day a month to deal with the payments all together and thus reduce the wear and cost of travels.

Online only-payment-accounts. OK
Virtually you can buy now everything you want on the internet, so it is very useful for online payment. What is not helpful are the charges or control over person. There are only-payment-accounts, no deposit accounts, such as Pay pal, Neteller, Skrill ... a lot. It is a bit cumbersome but is streamlined with a little practice.

Alternative monetary reserves. OK
If you need to have a deposit, for example in case of contingency or to invest in a home or business, the best option is a mixed solution: Social Currency, Cryptocurrency, natural money (gold, silver, platinum, time, seeds...). Use current currency is a counterproductive error.

Prepaid debit cards. OK
They work just like mobile cards. Shopping card that is associated with a password. Pay and you get access to card payment and online banking. It's that simple.The difference with the debit card is that you do not need a to have a bank account or contract and you not pay commissions for maintenance.

Although is not a very requested service is available in all banks and other companies.

The “account to 0 or Zero account”. OK with reservations
Open an account in the bank, you will need a minimun money. Remove it an keep 0. You just make the income immediately before use. So that the maintenance costs is 0 and you prevents the bank take money for fines and overdraft by not giving time to execute the commands. Some times the bank retain the money. Be aware of wich situations. Bank keeps control and monitoring the movement of person.

Standing orders- Cancel it and do it manually. You can save £ 10-20 per month.

Negotiate Commissions- The use of bank accounts can be useful in certain circumstances, but the collection of fees is abusive. Sometimes you can negotiate with the bank dependent commissions. No matter what they tell you, before signing, the £ 0.00 charges has to be specified in the contract. Study it or they will piss you off.

Even with 0 charges is convenience to have a cash balance of £ 0.
It is better to be frighten because you have to make a payment, such as a tax, tham because of the bank has already done it for you and you have no money for other contingencies, such as food, gas or electricity.

Problems of Availability- sometimes you need to do physical cash entry into your bank account to do some payments.

Online Banking. OK with reservations
All banks offer online banking service. This is generally crages less commissions, but is not entirely free. Although useful for payments is recommended as in previous situations the account to 0 to avoid shocks ath the end of month.

Business Transfer national and international "money". OK
Again, we repeat: in real life no money is transferred, currencies are exchanged through encryption. Transporting money in a bag and go to an exchange office does not seem a good idea since electronic transfers have advanced, minimized the collection of fees and now are in a good position in the market:

Financial Products: X Discarded
Without further.

Stock market: X Discarded
The Stock Market is the most manipulated of all times Institution. Your bets are controlled by computers. Their prices manipulated by larger groups. Think for a moment to have a stock is little more than investing in toilet paper with the difference that you do not end up with an ulcer. It is not a place for beginers and weekend investors.

Investment funds: X Discarded
Leave the money to a satrap of the HSBC, Lloyds, Santander, Barclays or any of the other banks is little more than remove yourself the health, education, justice and social services at once. It's say they are right and you give them money for their lobbies make laws and hunter politicians to bring it to the Parliament an made them more rich. Is to participate in the creation of economic bubbles that will send you to ruin. Just do'nt do it.

Foreign currency: X Discarded
Maybe in the past diversify our money in different currencies could be an option. A combo of coins could make us keep purchasing power. But in modern times, the currency war, fall oil prices, deflaction, overproduction, paralysis of the global economy, bet your saves in other crazy countries with their crazy statements and no less crazy central banks is little more than throwing money down the drain. The coins are strong or weak compared to each other, but behind there is an economic solvency. In times of crisis such as this, is a Russian roulette.

Art / collecting: X Discarded
Art investment is to invest in fashion, which involves speculating and generally ruin. Fashions change with the wind and needs someone to appreciate it. In times of famine fuck off bourgeois art. Having a collector's item is an investment in future. Generally supposed to keep the object still for long awaiting to be revalued. We still remember in 90s the bubble marvel comics! What a world.

Properties: X Discarded
Having the energy invested in property / land is a big problem. With a great value are hardly interchangeable rigged and carry large tax burdens indicating that the property is not yours, it belongs the State.
Profit is only obtained if property provides a service or holds any economical activity.
It is hardly convertible. It is fully controlled by the state.

It is not known why economists consider property as an asset, ie a private possession that can be exchanged for money at any time, when in fact it is a passive, belongs to the banks and the state and are paying taxes for it all lifetime. Solution: squat.

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