THE ECONOMY

I think an equally important aspect is to enhance development at the local community level.

I think there is a place for a local development of finance at a community level. Savings Pools is an example of this of which I belong to 5 pools. A loan from a community Pool is not interest bearing but has a reciprocity requirement. If I borrow say $200 to pay for a school uniform for example the term of the loan is over a period in which I will pay back $400 at a regular amount I can afford. At the end of the period I not only have a school uniform but have $200 in savings which I can withdraw if I choose. This system not only supports me to pay off my high interest bearing debts but gets me into a savings pattern. Love it.

Ive seem signs of this about, my community center has just planted fruit trees after years of barley unused lawn.

A flaw in our monetary system

Real Monetary Reform

We have to change the monetary system and the ownership system and we have to do it in such a way so as to get rid of the rich. As long as we have the rich society will be tilted in their favour impoverishing the many.

This is a great link about money: http://wakeup-world.com/2016/01/15/national-banks-ending-the-stranglehold-of-usury-and-the-private-money-system/

Here is an excerpt from this article called MONETIZING MONEY - Ending the stranglehold of usury and the private Money system.

"Monetizing money isn’t much different from monetizing the air we breathe. And how ridiculous does that sound? However, this is how we are living, paying for something that should not be a commodity or ‘money maker’ for someone else.

‘Interest’ is the cost we unnecessarily pay to have access to that which is vital for our survival and when interest compounds (as it does) we may find ourselves in great financial distress.

Unfortunately this also applies at the national level.

Im thinking one of the most important places to start is to take the creation of money away from the banks and put it in the hands of say our reserve bank. Using printed money only brings back a basic honesty into the distribution of money.

At present banks can create money out of thin air by using ledger entries on either side of the ledger. Then charge interest on this thin air. And on top of this compound interest which is the killer of the citizen population.

New Zealand Labour Party money system reform history and back down.

The issue of usury and unaffordable loans is that relative to the income level of the burrower, it may well be affordable to 90% of the population what is effectively usury for a low income person.
That doesn't mean we should ban all interest bearing loans simply because some unfortunates take out excessive loans, what it means is that credit should be better understood before use of a transaction that requires discipline to repay.
Personally, I have friends who have a silly large credit card owing which they don't make any effort to clear despite earning a 6 figure salary... They still are renting at age 50, as they have failed to save for a mortgage deposit for 5 years in a row, too keen on constantly buying the latest iPhone, iPad Pro, New car, high end macbook pro every second year.

Why should I have to tell a man with a BSc in comp sci that he's spending excessively for someone who wants to own a house outright before he is a pensioner ?
Surely, it is more reasonable to have restraint and live on the cheap for a few years, then allow for new electronics once you have your own home ?

The issue of usury and unaffordable loans is that relative to the income level of the burrower, it may well be affordable to 90% of the population what is effectively usury for a low income person.

Usury

Usury (/ˈjuːʒəri/[1][2]) is, today, the practice of making unethical or immoral monetary loans that unfairly enrich the lender. Originally, usury meant interest of any kind.

Bank lending falls well into the first definition. Personally, I prefer the original definition and extend it to shares as well. Essentially, I've come to define usury to mean: Any income from other peoples work. People should only have income from their own work and lending money isn't work.

That doesn't mean we should ban all interest bearing loans simply because some unfortunates take out excessive loans, what it means is that credit should be better understood before use of a transaction that requires discipline to repay.

Actually, it does. The system as it stands leads inevitably to financial crash and the people who pay for it are the poor driving them even more into poverty. That's what interest does - takes from the poor and gives to the rich. This does need to be banned.

Why should I have to tell a man with a BSc in comp sci that he's spending excessively for someone who wants to own a house outright before he is a pensioner ?

If he couldn't get those loans then he wouldn't be able to spend excessively. He'd be limited to his income from his work and he'd fairly quickly see the limits of that. Easy credit is part of the problem as it allows people to spend excessively without seeing the detrimental effects.