Were Bank

[pewter]

Revolution

https://www.werebank.com/

WIR money has been used in Switzerland for a long time.

Some of you will be scared by all this, dont let your fear affect your judgement.

 

[Evans Electric]

:C

 

[pewter]

Its an alternative banking system. 

You can get an account, a cheque book. You can write them a promissory note, and then pay off some debts.

The big banks are clearing them.

It is a fight against the insane banking system we have that allows the banks to just create money they do not have. 

If you are not aware when you say get a mortgage for £100,000 the bank does not have £100,000 to lend you. When you sign a promissory note that becomes worth £100,000 and the bank puts it in there system and then demands you pay back £100,000 + interest.  They then sell on the notes so the banks and traders can make a fortune from a note you signed.  

It sounds insane, but its true, that is how they create money, from nothing.

Where the money really is!The case to replace all taxation measures within the UK by substituting them with one simple Financial Transaction Tax of 1%

The idea is really simple, and WeRe Bank has a great deal of difficulty in believing that no-one has thought of it before. Essentially, it is based on the observation that if you take all the financial transactions for 13 major economies, you get a mind blowing total of $9000 trillion dollars (that’s $ 9000 000 000 000 000). If you add up all the tax revenues for the same 13 countries, you get approximately $9 trillion. That’s 1000 times less. This means that if you imposed a 1% flat rate transaction tax, you would get 10 times more government revenue that they currently obtain.

WeRe Bank seriously thinks that the vast majority of citizens would vote for a scheme in which all taxes (income tax, VAT and sales taxes, and even taxes on profits) are abolished and replaced by a simple to implement 1% fee on all transactions.

 

[ProDave]

Please be aware that WeRe Bank offers much but its embryonic phase it cannot deliver everything now that it will be able to in the future – so patience is required.

Somebody's pipe dream. Come back when you are ready to do business.

 

[binky]

interesting numbers, but too much vested interest lies in the current status quo, so not likely to happen.

 

[ProDave]

.

WeRe Bank seriously thinks that the vast majority of citizens would vote for a scheme in which all taxes (income tax, VAT and sales taxes, and even taxes on profits) are abolished and replaced by a simple to implement 1% fee on all transactions.

that would just result in an awful lot of transactions taking place person to person with a wad of cash.

 

[SPECIAL LOCATION]

Where the money really is!The case to replace all taxation measures within the UK by substituting them with one simple Financial Transaction Tax of 1%

The idea is really simple, and WeRe Bank has a great deal of difficulty in believing that no-one has thought of it before. Essentially, it is based on the observation that if you take all the financial transactions for 13 major economies, you get a mind blowing total of $9000 trillion dollars (that’s $ 9000 000 000 000 000). If you add up all the tax revenues for the same 13 countries, you get approximately $9 trillion. That’s 1000 times less.

This means that if you imposed a 1% flat rate transaction tax, you would get 10 times more government revenue that they currently obtain.

WeRe Bank seriously thinks that the vast majority of citizens would vote for a scheme in which all taxes (income tax, VAT and sales taxes, and even taxes on profits) are abolished and replaced by a simple to implement 1% fee on all transactions.

1% Flat rate transaction tax????

for EVERY transaction...

hmmmmm???

So I want to move some money from one of my bank accounts 'A'  to one of my savings accounts 'B'...

1x transaction moving money out of 'A'

2x transaction moving money into 'B'.

So I pay 2% tax just to move my money somewhere else!!

Think the concept is missing the point that what in our minds is one transaction is actually more than one transaction..

so the simplistic flat rate 1% is not quite what is sounds like...

Or..

A low earner doing a bit of part time work who would normally be below tax threshold...

e.g. My lad does a paper round he has to be paid into a bank..  NO cash payments..

So he would now pay just under 2% just for the privilege of being paid...

compared to NO tax..

 

[binky]

and 1% on large transaction = £££s   Still a lot cheaper than the approx. 43% we actually pay in tax and a lot harder to avoid.

but you could certainly imagine the beautiful simplicity of this system, and the removal of massive amounts of civil service workers.

Useless figure of the day, the Roman Empire only had about 4000 civil servants

 

[pewter]

and 1% on large transaction = £££s   Still a lot cheaper than the approx. 43% we actually pay in tax and a lot harder to avoid.

but you could certainly imagine the beautiful simplicity of this system, and the removal of massive amounts of civil service workers.

Useless figure of the day, the Roman Empire only had about 4000 civil servant

Do you believe the rich pay anywhere near that?

Do you guys remember HSBC,   people who avoided paying tax have been offered deals to pay a fraction of what they should have payed !!!!!! not made to pay the full amount and a fine.

I have a friend who is based on the Isle of Man and there job is to set up systems so high earners can pay a reduced rates of tax. One recent example they gave me was of someone earning £250,000 a month, they proposed they could get the tax bill down to £30,000 a month. The guy went mad as he pays a fraction of that through off shore, which was been done illegally not that anyone cares, like the HSBC fiasco.

Look up the Swiss Wir banking system, look up what Iceland have done.  Alternative payment systems are no pipe dream like bitcoin.  This WeRe lot have got bonds and backing, they seem to be playing the banking game for the good of the system.

http://en.wikipedia.org/wiki/WIR_Bank   what would the Swiss know about banking.

Dont be scared.

 

[pewter]

http://www.telegraph.co.uk/finance/economics/11507810/Iceland-looks-at-ending-boom-and-bust-with-radical-money-plan.html

'Iceland's government is considering a revolutionary monetary proposal - removing the power of commercial banks to create money and handing it to the central bank.'

Allowing commercial banks the freedom to just create money out of nothing is what has got us into this madness.

Media fools most people into blaming immigration and the poor uneducated for the country's demise,  when the super rich banking system which creates money from nothing for its own gain is the culprit.