Why this new alt-coin?
FCK BANKS COIN is a protest coin. With this coin we hope to change the financialsystem and become independent from banks.
Why this protest?
Because banks brought us into a financial crisis
In a nutshell
The current system begins with the central banks. An important note: the biggest central banks are private organizations thus, private people. It is these people that, in the end, earn more money than you could imagine. As they are eligible to print money, they lend the newly printed money to the governments and banks with interest. Consider yourself: isn’t it weird that a private organization is allowed to print money?
Where did it go wrong?
Several things went wrong, one of them is to pay debt with lend money. Yes, this seems impossible but governments pay debt with money they lend (AGAIN) from the central banks because there is no other way to ever pay the debt that keeps growing because of the interest.
In addition, the newly printed money (to create or pay debt…) is printed without any value. Since the gold standard was abandoned every printed $5 bill should have the actual value of the paper itself which should be around $0,001. Thus, an American Dollar should have the same value as a Fisher Price coin.
The normal banks earn by lending and speculating with money. These banks make us believe that the lend money is ours. However, in reality +/- 97% of this money is lend from the Central Bank. This money is used for loans and speculations. A small 3% is own wealth. If every client from a particular bank would retrieve his money at the same time, the bank has nothing else to do than lie, lie like they use to do.
Bankers often speculate unjustified with someone elses money, mostly because of provisions and bonuses. This often went wrong. A lot of large banks are saved from bankruptcy bydifferent governments, the money used to do this, is our tax money.
We save the banks from bankruptcy, this can be perceived by many ways:
– Tax raises
– Increasing fines
– Decreasing salaries of officers
– Increasing the national debt
Note: Political leaders make us believe that the national debt can be paid back, this is a scam. It is impossible to pay a debt this big. Take a look at the history of national debts and see for yourself.
After saving these banks from bankruptcy with OUR MONEY nothing changes:
The bankers still earn as much money as they did and they still get those insane bonuses,
What makes this coin different from other alt-coins?
Technically: nothing. However by mining this coin, you can raise your voice against the financialsystem. Show the world we are ready for a new system, a system called cryptocurrency. Start mining and buying FCK BANKS COIN!