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MIND-BOGGLING by E Eric Enc
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Subject:Re: [socialcredit] How To Start A Bank?http://www.anielski.com/Documents/The%20JAK%20Bank%20Report.pdf
Date:Wednesday, February 20, 2008  01:14:24 (+0100)
From:Per Almgren <almgren_per @.....com>

François de Siebenthal skrev:

Is this report good ?
It gives a fairly good and detailed description about the history of JAK-financing and how the bank was run for some years ago. There are some minor details that are not quite correct in the JAK description but I think that it is the best available thing in English of that size that you can read for the moment.
There are some problems within the present JAK-system that the board and staff have not yet resolved in a proper way, my judgement, and I will write about that within a month.
Per Almgren


http://www.anielski.com/Documents/The%20JAK%20Bank%20Report.pdf


2008/2/19, Per Almgren <almgren_per@telia.com>:
Eric Encina skrev:
To all Concerned To Banking & Money Problems:
 
 
While I was waiting the result of my follow up of job here in Metro Manila with my fellow desperate Filipino job-seekers,  I got information like this. What do you think?
 
Can we  start your own bank Philippines like this in the USA? Is this also okey in Canada or in UK or elsewhere?
If you don't have a lot of money to spend, you should not start a bank at all. If you want to create financing possibilities for people that don't get affordable financing from existing banks, start to create an organization that works with (low) risk capital, not savings. I once started 40 years ago with the establishing of what now has become the JAK Members Bank in Sweden, and if I sum up my experiences, you should avoid to become so tied up with a to heavy overhead that is unavoidable for a bank at the present time.
I hope to be ready with a couple of recommendations in that field within a month or two. There
are several people in different countries that are asking for it.
Per Almgren

It says how  is how it works in the U.S.  I wonder if this can be possible in the Philippines and I have to find out  what would be  the requirements  in the Philippines?  This could be  rather exciting idea. It says here that a bank can be possible without Federal Reserve control. I am not sure. I have to re-check.
 
 But is this another ploy of the banking system to dissuade or confuse us again and then later mislead us to another banking tragedy and control?
 
 
Eric V. Encina


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