Public wellfare banks: a glimmer of hope or the next big fraud?


To realize Independencies we need some construct to handle our economic transactions. Such a construct is commonly called a bank.

Please forget about the current Bankster controlled, gambling dens, burning and inventing virtual money, and gambling at the finance market! We are talking about institutions, which enable us to complete economic transactions with each other in a real world economy, with preferrably real (not virtual) money.

Currently many new, so called “public wellfare” (or in German: Gemeinwohl) banks are arising. Are they the real thing, or just another ruse, to quiet down critically minded people and give them a shiny, new toy to play with (without providing real innovation or change or means for participation).

What is public wellfare economy / economy for the common good:

Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. [read more@:]

A public welfare bank is a bank, solely dedicated to act as a broker between those who have money (typically all of us, who have some money in a bank account or savings account) and those, who need money (credit) for their projects. In the striktest sense a public welfare bank will lend (our) money only to projects/credit recipients, who will use the money for public welfare (e.g. necessary infrastructure projects for sustainable energy, information/communication networks, transportation/mobility services, etc.).


A lot of public wellfare banks are currently emerging and looking for participants (= customers = joint owners of the bank = stakeholders of the bank). Here is a little checklist, to enable you to determine, if the bank you might be interested in is in fact public wellfare (a beakon of hope) or just another fraud, to get to your money and make one group (a minority) richer and everybody else poorer.

Who elects the management?
a.) the banks shareholders (the real thing)
b.) some group not representing (by democratic election) the banks shareholders (another fraud)

How are decisions handled?
a.) direct/liquid democratic, with one voice per natural person (the real thing)
b.) direct/liquid plutocratic, with voices weighted by stakes held per shareholder (another fraud)

Who defines the “ethics” of the common wellfare bank (relevant for the selection of funded projects and the general purpose of the bank)?
a.) the shareholders via direct/liquid democratic processes (the real thing)
b.) some group within the bank, that has not been chosen by a direct/liquid democratic process (another fraud)

Can you control, which projects are funded with your money?
a.) Yes, I can directly control, which projects are funded with my money (the real thing)
b.) Yes, I can define personal settings, selecting which type of projects may be funded with my money (the real thing)
c.) No, I have no permanent, direct control what the bank decides to fund with my money (another fraud)
With these few questions you can get a pretty good idea, whether any “common wellfare bank” is a legit, well intended endeavor to creata a valuable tool for taking back control over our economic transactions.
If it’s not, it’s just another ruse to quiet those few Homo Vere Sapiens, who have realized just how big the scam by current Banksters is, to effectively disappropriate us all and who are searching for a legit alternative.

Why do we need a checklist to determine the real purpose and strategy: “the question is not, are you paranoid, but are you paranoid enough” – so be critical, especially when something sound too good to be true. is completely PRO public welfare banks – if they are the real thing. We need such banks. Let’s hope, they succeed. Let’s support them. It’s a step in the right direction.

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