Crom Alternative Exchange Association
Crom Alternative Exchange Association
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Crom Loan So, you need to borrow money you don't have. Learning from other people's mistakes is surely preferable to paying for our own mistakes. If someone is going to lend you money, he must have that money first, borrow money from somebody who doesn't have the money and pay interest on that money makes no sense at all. If your bank lend you money, bank would first have to have money and then it could give it to you and you could use it. Classic Loan It is estimated that the total amount of currency in circulation around the world has more than quadrupled since 1990. The modern day banknote is backed by nothing, it promises nothing to no one ever and it can't be redeemed for anything. If printing the word note on a piece of paper makes it money, could we not print the word banana on it and eat it? The very first person who spends one banknote into the marketplace will give nothing for it and get anything with it, you must work for it and if you hold onto it too long, will get nothing for it. Charging interest on loans of nothing is a very serious problem. How can people return more "funny money" to the banks than they pretend to lend? How can all debtors repay the principal plus interest when banks only lend principal? In other words, how can we repay 10 liters of milk on a 9 liters of milk loan, if all cows are owned by the bank? Simply, by lending new debt into circulation, they enable us to "earn" that tenth liter of milk. The only way to keep this scheme in motion is to inflate via more and more loans, creating the impression that there is enough money to pay all the debt and all the interest, but at any given time, there is not enough money to pay both in full. It is that float of money that keeps the system in motion. During the last few centuries, interests of the private banking industry have brought governments in line by blocking them from issuing their own money and requiring them to borrow banknotes issued by the banks instead. When the commercial bank lends you money, it creates that money on the fractional reserve system out of thin air. Before you ask to borrow some money, that money doesn't exist. When your bank agrees to your loan, it simply conjures it into existence and gives it to you, your bank created new money that didn't exist before. The bank hasn't built, grown or created anything of value but it still gets to charge you interest on that money that it simply created. Banks have learned that when cash has been deposited with them, they only need to keep a part of it as a reserve, the rest they can lend out. No depositor is ever sent a letter saying their money is temporarily unavailable because its been lent to someone else. The money creation process depends on the cash reserves bank has decided to hold, so it has no potential limit. Crom Loan Borrowing the time from the Crom system is practically a process in which you borrow the mediums of exchange from yourself. This kind of solution is not only a way to remind you of the reality of your and other people's life, it also stimulate your business and our entire economy in a different, positive way. The news media every day talk about crime and violence. Too many people live with doubt and fear, we are worried, self-concerned, helpless and discouraged. Worry and fear are opposite of courage and faith, they produce fatigue and restrain the mind. They affect our total health and they make us miserable. Absence of interest charge creates the energy necessary to reach our goal, to get back a positive faith! The future is today, when you have everything to gain and nothing to lose, by all means try! Just the quiet confidence in Crom that you have, the smile you have on your face, the way you look people in the eye, the way you shake hands can make the difference between winning or losing. Simple loan conditions are easy understandable and efficient. Interest rate: 0%. Loan approval administrative costs: 15,00 crom. You can find a loan request form in your "personal documents" section. As it's natural for people to prefer enjoying over suffering, so the absence of charging interests on time of your life is more preferable than charging interests on loans of nothing. Crom system gives you hope, it motivates you to fully understand the difference between economy of destroying values and economy of building values, so let that difference move the world forward. Crom loan is designed to serve the people of Earth, it provides a collaboration as a better way than a fight, expropriation and robbery.
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Back To The Future The 60's were very much affected by the war in Vietnam and growing racial issues. |
"For people of good will around the world, that document is more than just words: It's a global testament of humanity, a standard by which any humble person on Earth can stand in judgement of any government on Earth." |
