WIR Bank Report - RAI Television English SUB

by Giorgio Simonetti
In Switzerland 16 entrepreneurs from Zurich found the solution to the 1929 crisis. They began to trade using a currency parallel to the Swiss Franc, the WIR money. From this experience the WIR Bank was born. WIR is a cooperative bank that today collects nearly 60.000 little and medium-sized Swiss enterprises that exchange good and services among themselves using WIR money. By this way the WIR Bank helps the middle class preserving its employment rate and it anchors the generated richness to the Swiss country. Is it also working today, during the 2010's crisis?

• Category

  News & Politics

[Mirco Romanato]

Passate a Bitcoin. Son meglio di WIR.

[sonicspring]

Practically all "normal" money is created out of thin air by the Federal Reserve and commercial banks. They demand interest, the money for which is never created, forcing a societal competition for money and encouraging a widening wealth gap. All present money is fake except for the ~3% that is created as coin etc. See how we're ALL being taken for a ride at the American Monetary Institute and the UK Positive Money sites.

[VeggiePower303]

That is not the only reason for inflation.

The standard practice Fractional Reserve Banking actually means they lend money they don't have.

For the Bank to lend $1000 they only need to have $100 reserve in the bank. But you can actually spend a $1000 where does the $900 come from? It comes from the total value of the Global economy and we all get robed. Hence inflation.

Even if the interest rates are low where does the WIR money come from? You have to convert your real money to WIR to pay back.

[Wil Bremers]

Go to their site wir.ch and see for yourself: interest 0,5% for a mortgage to be paid back in WIR.

Inflation means bubbles from speculation: make something (tulip bulbs) scarce and the price goes up way beyond the costs to replace it. Caused by banks who do not care why you lend the money.

[VeggiePower303]

Another great scam for the Banksters.

They have created their own fiat money from thin air again.

Interesting how they never mention what is the actual reserve that makes this currency worth anything. I am pretty sure they create the loans from thin air, and rob everyone in the process of inflation created in the global economy.

So they give you fake money, but the interest has to be payed back with "real Money".

I think I will start my own FCS (fiat-currency-scam) here in the USA. Cheers! :0)

[Moneta Complementare]

Organizziamo meeting professionali a Roma presso Ns struttura dove potere ricevere chiarimenti riguardo alla Moneta Complementare . Per informazioni scrivere a : moneta.complementare@gmail.com oppure telefonare al n° 320 53.10.381

[Alessandro Florian]

Buona soluzione molto sociale. Interessante per la capacità produttiva italiana al 50 % attualmente stimata.

[Fulvio Testa]

only solution



[Aristosek]

Sad story: 1920 Schwanenkirchen ( Germany) and 1932 Woergl ( Austria) - examples of Complementary currency (CC) or Free Money (Freigeld: concept of Silvio Gesell ) worked great in crisis, both banned by Central Banks or Govs (ask yourself, WHY ?) / Thank You for Eng subs !