Written By Abdun Nur
Banking Credit Worthiness: Collateral Credit
The five C’s, or characteristics, of credit worthiness are:
Character – Your record of prompt and regular payment of bills and loans.
Capacity – Your ability to meet any loan obligations through determining average regular income.
Capital – Availability of stored liquid capital, or invested capital that can be recovered through transfer to meet obligations.
Conditions – Assessing the strength of a business, banks only loan money ideally when you do not need the loan.
Collateral – The assets of property held that can be seized and sold off to meet loan obligations. Assets used to guarantee or secure a loan.
Therefore bank credit is a model that allows small high interest loans for the poor, and huge low interest loans for the rich:
“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.” Robert Frost
Banking, is the most heavily regulated industry in the world. Regulations imposed by the agents of the corporations of government mafias, themselves controlled and owned by the bankers, create regulations to protect monopolies and increase banking profits, while the media whores owned by the bankers, create the illusion these same regulations prevent the criminality, monopolies and theft they were created to allow.
Some equate the agents of the banking mafia system, as packs of vultures devouring victim after victim, but a vulture tears at decay, cleaning the “Earth”, while bankers rip at the living until they are empty shells rotting in the sewer of society. Bankers (were the ‘B’ is pronounced as a ‘W’) revel at the visitation of every larceny, taking pleasure from the capitalization of torture, endured by each victim forced to descend into the living death of poverty, fueling and maintaining the ever expanding decay known as, the “world”.
Advancing Cryptocurrency: Trust Based – Guarantor Advances Through Shared Risk, Infrastructure or Goods Advance or Surety Bond
The banking system requires a guarantee of repayment, and as explained they use track record of repayments, assets, and probability as their tools to determine who can get credit, how much they can get and at what interest rates.
Likewise the advancing cryptocurrency requires a guaranteed repayment, but it does not require a credit rating, assets or probability to allow advance to be gained, and it does not cost any fees or interest to establish or repay. Instead it uses three basic guarantees:
Shared risk – A need bond is either created or joined on the bonding platform, the bond has a set amount as determined by the initiators of the bond, and a repayment period again determined at the outset.
An advancing bond shares the risk of installment payment failure proportionately to advance, each advance guarantees repayment of all others within the bond. If for example 1000 people are in the advancing bond, and the bond collectively has advanced 250,000 Cryptocurrency, a
Infrastructure – Equipment – Stock/goods Advance –