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- - Become a bankster (http://goldismoney.info/forums/showthread.php?t=37372)

demosfen | 05-28-2006 12:13 AM
Become a bankster Here is an interesting website - prosper.com. Person to person lending/borrowing marketplace. If it becomes popular enough, TPTB might be pushed out of their core business? I know, I am dreaming. :D Edit: doesn't belong to survival prep, oops.

Infidel | 05-28-2006 02:01 PM
Re: Become a bankster Quote:
Originally Posted by demosfen Here is an interesting website - prosper.com. Person to person lending/borrowing marketplace. If it becomes popular enough, TPTB might be pushed out of their core business? I know, I am dreaming. :D Edit: doesn't belong to survival prep, oops.
im gonna repost it up to general discussion thanks demosfen

bjgnome | 05-28-2006 02:38 PM
Re: Become a bankster Among the permaculture folks there are folks using person to person lending or community owned "banks". It can be a very effective way of building up assets in a small community, rather than having your local wealth exported via interest payments to a financial center. Who would you rather pay your interest payments to, your neighbor, or some CEO of a transnational? Your neighbor is likely to spend that money back into the local economy. The commercials have a big advantage, in that they can lend out at multiples of their deposits via fractional reserve lending.

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