Best bank in the world! Were you own it! No more NWO banskter gansters!, page 1
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ATS Members have flagged this thread 6 times
Topic started on 13-3-2009 @ 02:30 AM by Wideawake08
wimp.com
Jak Bank in Sweden has a strange but brilliant banking system.
This is a bank that you own! You own shares in the bank via membership.
The JAK Members Bank, or JAK Medlemsbank, is a cooperative, member-owned bank based in Skovde, Sweden. JAK is an acronym for Jord Arbete Kapital in Swedish or Land Labour Capital. A membership of approximately 35,000 (as of 2008) dictates the bank's policy and direction. Board of Directors is voted annually by members, who are allowed only to have one share of it
(visit the link for the full news article)


Mod Edit: All Caps – Please Review This Link.

[edit on 13-3-2009 by Gemwolf]


reply posted on 13-3-2009 @ 06:51 AM by autowrench
reply to post by Wideawake08



Like the other posters already said, this is the way a credit union works here in America. Not a fresh, new idea at all! My credit union does not have FDIC protection, but it does have the support of all the many members who keep their money there. Perhaps this is the way American banks should be, instead of taking from the taxpayers and spending on wild parties, and don't forget those golden parachutes for CEOs, either.


reply posted on 13-3-2009 @ 08:07 AM by Rockpuck
reply to post by Wideawake08



HOLY SNAPS!!!

A Swedish Credit Union!!!!!!!!!!

.............................




I am at a loss as to why this is revolutionary?


reply posted on 13-3-2009 @ 08:30 AM by j2000
Sorry to bust your bubble guys.
Credit Unions, at least in America, used to be independant of the Govt. machine know as the Fed. Res. Bank and the FDIC.

I've done some searching and asking questions of our credit unions try to find a safe harbor the last six months.

They have all been pulled into the system in the last 15 years. CUNA is just another word for FDIC. They used to in the old days loan against deposits. It made less available for them to lend out, but very strong, and hard to get a loan the first time.
All they do now, is what the banks do, leveraged borrowing. Thin air. Make money by typing into a computer backed by the Fed. Res. Banking system.

www.cuna.org...

Here is a nice letter from 2002
At the time, CUNA had 90% of the Credit Unions.


www.cuna.org...

They are suppose to be "Non-Profit". If they are non-profit, where does all that interest money go? Do you get it back in extreme interest from your savings account with them? No

It's all a fantisy. It's now a bigger scam than the banks from what I can find. Instead of the bank (credit union) making profits, it all goes back to the Fed. Res. Bank instead. So really, they make more profit this way.



Cash is still king. The gun is the best security measure.

Even if you put it in a deposit box, if the bank closes, your screwed. And if the Govt. takes over the bank, you do not think they will not go through those boxes? Yeah right!


Wow! That was my first Conspiracy and I just pulled facts from their own site! Wow.

OP, Flag for this thread to bring some light...........


reply posted on 13-3-2009 @ 08:48 AM by j2000
reply to post by Wideawake08



It looks like, from what I could find, that this Jak Bank in Sweden is still safe. I found a website or two that had good information and a few others listed.

www.progressivehistorians.com... ternatives-to-current.html

giorgiosimonetti.net...
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