posted on May, 14 2013 @ 03:39 AM
Many have wondered how to get by without the banksters or use their institutions as little as possible well there might be an alternative to too big
to fail yes it's smaller and may not cover all your needs especially if you have millions or billions I don't see this working for you,but if you are
one of the "little people " who is trying to put Jr through college you might want to look into what some Caribbean and African folks have done for
centuries. We don't need Big banks we have got our own banking systems ran largely by women, in Jamaican communities it's called Partners in Trinidad
and the the rest of the Caribbean It's called Susu all we need to do is up-grade and use it matter of fact this was how many of our parents paid for
college or bought their first home.
Basically a group of people usually women get together and pooled their money, depending on the agreed amount say $100 bucks a month and you have say
50 ppl in the group,each person have a turn at withdrawing 5gs,they can use it to do whatever but typically they return some of that into an even
bigger hand next cycle and the one after that I have never heard of the system braking down even after the untimely death of the banker..btw there is
no banker percentages.
I might add not every Tom Dick and Harry can show-up and join a group if you are new you may need one or more person to vouch for you the honor system
is what keep it tight.
Caribbean immigrants pool their money in susu funds, using an old tradition to start new businesses or buy a car without getting a bank loan. When
Andrew Morris decided to open Sam’s Caribbean Marketplace in West Hempstead, Nassau County, in 1993, he went to a bank to apply for a loan. But the
bank would only loan him $50,000, half of what he needed to start his first business. To make up the difference, Morris turned to his local susu, an
informal savings club scheme popular in the Caribbean.
Take a look into alternatives if you can see it working for you then flip the Banksters the bird and tell them occupy this..
14-5-2013 by Spider879 because: (no reason given)