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Translated from the German
Solidarity with Yunus
Kennedy is in favor of Yunus and his microcredit and fair working of Grameen Bank.
Initiator and a known advocate of regional currencies in Germany Prof. Dr. Margrit Kennedy is appalled by the actions of the government of Bangladesh against the founder of Grameen Bank Muhammad Yunus. She has met Yunus in the 'Vision Summit' in November 2009 in Berlin, set itself apart with its critical microcredit and the Grameen Bank and the building comes to the conclusion
'... that the Grameen Bank has found one for me absolutely convincing solution to the problem of interest. When asked how he handles because the profits from the interest margin for the award of his micro-credit, Muhammad Yunus said in the 'Vision Summit' that the income from the interest again recently the borrower / female were available. For, in that each borrower is automatically a member of the bank remain the yields for those who made them possible.
The official website of the Grameen Bank ( www.grameen-info.org )
informed that only about 10 percent of the shares are held by the state. The rest belongs to the borrowers as shareholders.
The Grameen Bank achieved in this way, a social and economic equity, at least among its members. It also avoids the redistribution within their group of interest (from the majority in favor of a small minority) as well as an exponential growth of interest and compound interest. This allows speculative bubbles can not occur. In a word: everything that makes the prevailing monetary system is so destructive, here - on a small scale - bypassed '.
Kennedy calls on all monetary reformers for use Yunus and the Grameen Bank in his work
About Prof. Dr. Margrit Kennedy Founder MonNetA
Prof. Dr. Margrit Kennedy - her home of an architect, urban and regional planner - discovered in 1982 a fundamental error but also alternatives to the prevailing monetary system. One result of this work, the book 'Interest and Inflation Free Money' is (Goldmann Verlag, Munich 1996, 9th Edition), which was translated into 20 languages. Through her 25-year odyssey through the world of money, she was a sought-after expert on money. Today, she pleads for money to design for specific goals and gives lectures and workshops such as the 'economic illiteracy' and overcome the monetary system for serving instead of the dominant instrument can be converted.
Further information and publications, visit the personal website of Prof. Dr. Margrit Kennedy and the Kennedy Library:
www.margritkennedy.de
www.kennedy-bibliothek.info
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