JonnyG: To make our world better, people NEED to be doing stuff like this. We NEED a different banking system. We need a system that works for everyday people, is fair, and isn't ALL about profits for shareholders.

You mean credit unions?

JesseL: Next week's Tom Sawyer: JesseL: JonnyG: The fact that they're going to jump on it shows that it's a great idea. Maybe not profitable and maybe not manageable in the long term, but it's a start at getting people thinking about alternatives.

We already have very, very good alternatives.

I have no idea why more people don't use them.

Because they suck. None of my credit unions have a iPhone app. Hell, even their websites look like they are from 1997. If I a problem with my account I have to go in because the phone rep (who is probably a teller answering the phone in between customers) can't do squat without verifying my ID (which can't be done over the phone).

Everyone should be a member of a credit union. But few can get all of their needs met by one. That is why banks exist.

I can't tell you how glad I am that my CU hasn't wasted any of my money on an iPhone app. Doesn't your phone have a browser?

Your CU has a mobile-browser compatible online banking site? I'm impressed. Still, 99% of the credit unions out there do not have this and don't plan to any time soon.

JesseL: JonnyG: The fact that they're going to jump on it shows that it's a great idea. Maybe not profitable and maybe not manageable in the long term, but it's a start at getting people thinking about alternatives.

We already have very, very good alternatives.

I have no idea why more people don't use them.

Because they suck. None of my credit unions have a iPhone app. Hell, even their websites look like they are from 1997. If I a problem with my account I have to go in because the phone rep (who is probably a teller answering the phone in between customers) can't do squat without verifying my ID (which can't be done over the phone).

Everyone should be a member of a credit union. But few can get all of their needs met by one. That is why banks exist.

5% interest A MONTH?

Oh wait, is that intrest you earn actually just giftcard icecream bux? I really don't understand any of this.

But if you're actually earning 5% a month in real USD, this thing is a ponzi scheme.

Otherwise it is a sneaky way for him to ensure sales and get a fat lot of capital from unthinking schmucks.

DOH!

Give a man a gun and he can rob a bank.
Give a man a bank and he can rob the world.

Here's the thing people...

If you don't think that banking is already a scam by the upper tiers, you're a fool. The reason they want to shut him down is because he is not them. Their game doesn't work well when someone comes up with good ideas. When's the last time you ever heard of a bank that had a good idea that wasn't rooted in deceit?

To make our world better, people NEED to be doing stuff like this. We NEED a different banking system. We need a system that works for everyday people, is fair, and isn't ALL about profits for shareholders. It's those profits that encourage the theft we've been turning a blind eye all these years.

The fact that they're going to jump on it shows that it's a great idea. Maybe not profitable and maybe not manageable in the long term, but it's a start at getting people thinking about alternatives.

And speaking of Ponzi schemes. The entire banking industry is a Ponzi scheme and you'd be a fool to think otherwise. Over 90% of a bank's money doesn't even exist in the first place! I'd also be rich if I could create fake money whenever I wanted to!

EVERYBODY PANIC: He isn't owned by the Rothschilds, so HE MUST BE STOPPED!

For the sake of Free Enterprise and Capitalism, the guns of the State must be leveled at him!

Oh, wait....

FTFA:

So where does he keep depositors' money?

"In a savings account with First Commonwealth," he said.

Wow...he's got a lot of balls. He exchanges money for "exclamation bucks" and says that he's not a bank but a "gift card program." Wow...

Kind of jealous that I didn't think of it.