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6 Ways to destroy our need for Bank loans

November 24, 2007 by Marcel

Did you know that our Banks create money from nothing. Banks can lend more than they actually manage. In the next 20 years, our relationship with banks will change. We have options our grandparents would have only heard of in comic books. Here are some ways we can reduce our dependence on banks.

1. Create a Open Source borrowing and lending website softwre. COST: $200 – $2000

2. Create a Facebook application to facilitate lending and borrowing COST:$200 – $2000

3. Gmail, Yahoo Mail and Hotmail offer borrowing and lending among users. COST: Wishful thinking

4. Create open source borrowing and lending plugins for forum software like VB and PHPBB. COST: $200 – $2000

5. Telecoms giants build borrowing and lending into their mobile services. COST: Wishful thinking.

6. Depending on where you live, start borrowing exclusively from credit unions or online services like Lending Club, Circle Lending, Zopa or Prosper. COST: Little to nothing

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Categories:  Investments, Loans, Personal Finance, Saving Money, Student Loans

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2 Comments

  1. Unsecured Personal Loans said

    am December 9 2007 @ 5:11 am

    great article, please keep on submitting more articles like these. Thank you.

  2. Is the US Federal Reserve a government or commercial entity ? - FinancialDominance.com said

    am December 21 2007 @ 9:58 am

    [...] December 21, 2007 by Marcel Is the US Federal Reserve owned by private bank ? This video claims it’s a commercial entity designed to turn the public into indebted serfs. You might also enjoy our article on “6 Ways to destroy our need for Bank loans” [...]

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