Business Retail Union of Ireland

  1. Ireland needs a totally new banking strategy, and a banking system which is not controlled by a small handful of people.
  2. Not all banks are the same: commercial banks work for the 1%, but community banks work for the people and the community.
  3. 40% of everything we buy is interest; ie. the accumulated interest; instead of losing this to the 1% we need to recycle it.
  4. Small businesses provide about 70% of all jobs, despite the priority given to multinationals.
  5. Bad and deliberate banking policies with almost zero supervision led to a busted Irish economy, which caused 520,000 young Irish to emigrate, many suicides and serious family debts and grief. The role of the ECB was critical.
  6. The dysfunctional Irish economy has imposed enormous pressure and debts on small businesses, which have as a first duty to the state to be tax/revenue collector…
  7. Ireland needs a genuine public/community banking strategy.
  8. Ireland needs community/public banks to undo the commercial banking monopoly; community banks are for the 99%.
  9. Irish people need community banks so as to socialise the benefits of banking, instead of socialising the commercial banking debts.
  10. Surpluses in community banks are recycled into the communities, with enormous benefits to all.
  11. Small businesses and young entrepeneurs need local community/public banks managed by professionals who know how to support their efforts to become viable and profitable.
  12. Community banks lead to stability and prosperity in the economy, real growth in local indigenous industry and enterprise, help to prevent bubbles and forced emigrations.
  13. Communities must empower themselves over distant institutions like the CBOI and the ECB. Public banks, owned by all the people, mandated to serve the people/community are critical to self-empowerment.
  14. Properly designed community/public banks provide a bank account to most everyone who needs an account, and provide a wide range of basic banking services to the community

BRUI supports the drive by the PUBLIC BANKING FORUM of IRELAND, to establish a comprehensive public banking service; BRUI supports the policy of consultation with the experts in this type of banking, namely the German sparkassen foundation in Bonn, the SBFIC. BRUI supports the process of designing a model of public banking specifically suited to Ireland, delivering a special focus on the SME sector, and incorporating such basic principles as;

  1. REGIONALITY,
  2. INDEPENDENCE,
  3. WITHOUT SHAREHOLDERS OR SHAREHOLDINGS,
  4. OWNED BY THE COMMUNITY
  5. PROFESSIONALLY MANAGED
  6. COOPERATING RATHER THAN COMPETING WITH EACH OTHER,
  7. PROHIBITED FROM SPECULATION AND SECURITISATION PRACTICES.

BRUI sets AS ONE OF ITS PRIMARY OBJECTIVES THE CREATION OF A COMPREHENSIVE PUBLIC /COMMUNITY BANKING SERVICE

WWW.REPUBLICIRELANDBANK.COM

copyright

Your Name (required)

Your Email (required)

Subject

Your Message