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
Macroeconomy
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.
Minimizing
-
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
Minimizing
-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.
Minimizing
-
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.
Minimizing
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
Minimizing
-
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
Minimizing
-
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
Transferwise.com
-
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...
Minimizing
-”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
Advantage
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.
Issues
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.
https://help.bwin.com/es/general-information/payments/payment-methods
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:
http://trucoslondres.com/transferencias-internacionales-gratis/
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.
http://www.tradingdefuturos.com/como-funciona-la-manipulacion-profesional-en-la-bolsa/
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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