1

Financing for What?Financing for What?

The Global Financial IndustryPercentage of Corporate Profits

1960s = 14% 2008 = 40%

2

Real Economy:$60 trillion

Casino Economy:$700 trillion

Real Economy:$60 trillion

The Casino Economy Eclipsing Reality

4

The Challenge: Reclaiming our Capital A Transition Pre-Requisite

PREDATORY FINANCING HOMEOPATHIC FINANCING

Compound Interest – An Economic Burden for the Majority?

5

Com pound I n terest: the secret tax

O n average, 35% of the cost o fessential goods and services . . .

. . . com es from com pound interest. Th istransfers 600 m illion Euros da ily from

the bottom 80% to the top 10% .

top 10%in income

bottom 80%in incom e

6

Buying the Average House in Canada

$370,000 - $36,500 down = $333,500 to borrow

Which would you choose?

Option 1: Mortgage at 8% over 25 years. Interest = $433,290

Option 2: Loan Fee equivalent to 3% interest = $125,546

$307,744

7

Local Enterprise Banks - Ekokött

• Ethical treatment of animals• Support small farmers• Preserve ecological management

$Local peop le

$JAK m em bers

$ Interest-free loan

LocalEnterprise

Bank

JAK

$

?

NationalSP CA $

LocalBusinessG roups$

Seikatsu - Worries

Imported Food

Loss of Farmland

Food Quality& Safety

Hunger, againHunger, againHunger, again

We will pay a fair price

directly to you

Guarantee to buy my production

Contract

Teikai: “Food with a Farmer’s Face”

Seikatsu growth

32 Seikatsu Consumer Co-operatives

Seikatsu Union ClubSales: $1.1b Equity: $1b

Seikatsu product selectionMega Supermarket

Up to 300,000 products annually

Regular Co-op

9,000 products

Seikatsu

1600 high-quality products

• Lower costs of inventory

• Less waste• Less carbon

• Greater efficiency• Fairer prices to

farmers