1 financing for what?. 1960s = 14% 2008 = 40% 2 real economy: $60 trillion casino economy: $700...
TRANSCRIPT
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Financing for What?Financing for What?
The Global Financial IndustryPercentage of Corporate Profits
1960s = 14% 2008 = 40%
2
Real Economy:$60 trillion
Casino Economy:$700 trillion
Real Economy:$60 trillion
The Casino Economy Eclipsing Reality
4
The Challenge: Reclaiming our Capital A Transition Pre-Requisite
PREDATORY FINANCING HOMEOPATHIC FINANCING
Compound Interest – An Economic Burden for the Majority?
5
Com pound I n terest: the secret tax
O n average, 35% of the cost o fessential goods and services . . .
. . . com es from com pound interest. Th istransfers 600 m illion Euros da ily from
the bottom 80% to the top 10% .
top 10%in income
bottom 80%in incom e
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Buying the Average House in Canada
$370,000 - $36,500 down = $333,500 to borrow
Which would you choose?
Option 1: Mortgage at 8% over 25 years. Interest = $433,290
Option 2: Loan Fee equivalent to 3% interest = $125,546
$307,744
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Local Enterprise Banks - Ekokött
• Ethical treatment of animals• Support small farmers• Preserve ecological management
$Local people
$JAK m em bers
$ Interest-free loan
LocalEnterprise
Bank
JAK
$
?
NationalSP CA $
LocalBusinessG roups$
Seikatsu - Worries
Imported Food
Loss of Farmland
Food Quality& Safety
Hunger, againHunger, againHunger, again
We will pay a fair price
directly to you
Guarantee to buy my production
Contract
Teikai: “Food with a Farmer’s Face”
Seikatsu growth
32 Seikatsu Consumer Co-operatives
Seikatsu Union ClubSales: $1.1b Equity: $1b
Seikatsu product selectionMega Supermarket
Up to 300,000 products annually
Regular Co-op
9,000 products
Seikatsu
1600 high-quality products
• Lower costs of inventory
• Less waste• Less carbon
• Greater efficiency• Fairer prices to
farmers