2011 Microfinancing is a Big Business Scam

For the Real Solution: http://equalmoney.org

Category:

News & Politics

Tags:

• poverty
• microfinance
• mircolending
• microcredit
• debt
• Muhammad Yunus
• charity
• philanthropy
• Bangladesh
• India
• scam
• solution
• equality
• equal
• money
• equalmoney
• desteni
• capitalism
• starvation
• bank
• banks
• banking
• profit
• big
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• clinton
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• equal money system

[NiklasNydahl]

at 6:38 the word "poverty" seems to have been cut out from the audio - so it should be "and I'm sure that Yunus and the others profiteering on poverty wants it to stay this way."

[LLCraver]

great exposure of this point niklas - showing the absolute scam of microlending which only serves to make the rich richer & the poor poorer - that's it.

When people are desperate, they try anything & in all cases end up in a more fucked situation than previous...how fucked do we have to get ourselves until we see this system will NEVER work? We shall find out.

Time to usher in a NEW system that considers all equally - where no scams are needed to survive - that solution is an Equal Money System!

[sandraotaloragarcia]

I felt into this trap , they are like any other bank , even worst !

[tjing1]

I agree with you that Microfinance is not the sole solution to poverty. Improvements in education, infrastructure, legal system are all needed.

But you have mixed Microfinance, Microcredit and the Grameen Bank all together.

A. the Grameen Bank does not equal Mircofinance

B. Money does not equal debt

There are many organizations around the world providing much needed financial services to the very poor. A vast amount of the people have benefited from loans at 10 - 20% anual interest.

[HollyTNUSA]

Obama's mother Stanley Ann Dunham pioneered this scam and his Grandmother worked for Bank Of HI which happened to be owned by Auchi

Oh the tangled web we weave

[NiklasNydahl]

@TheParvez1991 I didn't even mention the fraud allegations in my video, but the inherent problems with our agreements within the current money system which invalidates the microfanancing as a practical solution that is Best for All. Instead do yourself a favor and investigate Equalmoney dot o-r-g

[JoanaFerreiraAsLife]

Thanks for this video. It took 25 years for the MicroFinance to become well-known. However poverty still exists. Everyone can see it is not the solution.

In less than 20 years the Equal Money System will be taught at Universities.

[GabrielZamoraMoreno]

Great presentation Niklas !

[MayaHarelHere]

Well Said - Thanks!

[MarleyDawkins]

Awesome Niklas - thanks for exposing this clear Abuse veiled as "good-will"

[EskolainenKarma]

Micro financing and salary are two concepts whit alot in common. Most people are living in poverty today because their salary is a micro fanance that only supports them for a month. Debt and micro salary are two ways to keep people in slavery.