Pieter

Ask Angus Buchan. Or email Ederkruik/The Vessel website. Or maybe this is a Gragam Power inituative. But somehow I think Chuck Missler has beat Manna bank to the finish line with SWANbank.

Does Manna Bank have a website? A project that sounds so serious should at least have a little bit of PR behind it to get off the ground…….

impossible! why? “GREED”

Michael

That is exactly what I thought when I saw this article back last year.

We invest our assets with them and GOD would regulate it. I can’t believeeeeeee you missed that one ;) After all if you read at the bottom of the article. The principles of the first 5 books of the OT of the Bible are the same as the Koran. Same God? perhaps?

Lastly, who are these core believers, I would love to know. Who’s got that much gold and silver to start this.

This would not necessarily work because the banking system is a closed loop and regulated by a central bank, none of it asset based or underpinned by commodities (fractional reserves are today whatever the central bank decides). It would have to be an altogether independant bank, but who would regulate it? Problem.

Banks create money from thin air – when you take out a loan the bank creates the money in a computer, the central bank qualifies this as real money beacuse it will be paid back. Where does interest come from? From debt, actually from nowhere, it accumulates in the banking system – it is a monster that keeps growing, growing – till eventually interest amount supercedes actual money. Result – system crashes. (Unless the ‘interest’ money is recycled back into the system)

What is interesting is that many people are calling for an alternative to FIAT currency, one interesting idea is of a ‘digital dollar’. It exists only in the computer system and can only be in one place at the same time in the world based on some algorithm or code. It is basically a cashless system that could resolve the monetary crisis we have.