Alternative Banking in Europe

JAK Medlemsbank

Every one can invest, people can borrow if they live in Sweden, Finland, Denmark or Holland.

#AlternativeBanking #AlternativeEconomies #AlternativeFinance

Financial news recently has focused on the fact that many areas in the Western world have either zero or negative interest rates. For loans this is potentially good news as they will become cheaper, but for savings this is bad news as you earn no money and are likely to go to a system in which you will have to pay for your savings. IF you have savings of course. Either way, going in business with regular banks contributes to exploitation of others through interest on loans or investments in fossil fuels or arms.

Contemporary finance is a set of horrible practices but it is a technique that can also be implemented in different progressive ways.

There are some alternative interest free banking systems that exits and as we approach negative 0 or - rates they become attractive also for those that can not afford ethical banking choices.

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#finance #ethics #alternativebanking