ITS ANOTHER MEETING DAY HEADED BY AKWA IBOM STATE DIRECTOR GENERAL BRO. INK.MATTHEW EDET ETIM
TOPIC:- AFTER BANKING WHAT NEXT IN THE FINANCIAL REVOLUTION
” I believe that banking institutions are more dangerous to our liberties than standing armies….. The issuing Power of money should be taken away from the banks and given to the people to whom it rightfully belongs.”–Thomas Jefferson
The Third president of the United States.
Before the rise of state- controlled money, cash was what people accepted. If they accepted salt then salt it was ; if cowry then that it was; if gold then gold it was
No state dared controlled money, and money worked better.
While there are several crucial flaws in our monetary system responsible for these failures.
There are however, much credit to be given to this system. As a matter of fact, the idea of central banking began as a life- saving attempt by the US Congress, to salvage the American banking industry, which was at the brink of collapse at the time,
That act was a success which has now become a global practice . Also, thanks to commercial banks, there has been no time in history, where you can easily get a loan as you can today.
However our concern here is not the annihilation of banks, rather we know that the macro- economic policies and models used to regulate the current financial market has become outdated to today’s complex financial landscape,
Hence, we are proposing a new economic model, to bring us out of a debt based economy, facilitates poverty and inequality in wealth distribution
As a result, this will launch us into a strategic global abundance economy of equitable wealth distribution.
With the InksLedger Proof of Love ( PoL) protocol built using the blockchain, we are building an economic model that will benefit the state, director banks and most of all the people. Also this tech will serve as Insurance and Re- insurance from today’s risky capital market.
If you are aware of how money works, then you know there is enough wealth for all of humanity to live as royalty,
This awareness is what fuels our passion….. and binds us together at Inksnation.
The liberating truth that money can and should be democratized is what drives our, over 220,000 user community.
If you understand the mechanics of money creation and currency printing,then you will very well agree with us on the need for the democratization of money
The idea of government controlled money has become more flawed and outdated than it was in the days of Thomas Jefferson, yet most of us can’t seem to see this damage,or even think of a better money alternative which is not controlled by the government,banks or the wealthy.