Scott Bartle: CONfinance
Published on Sep 12, 2013
This video is a quick summary of the document CONfinance, and the ways finance is provided. See http://truth-now.net/confinance
What if there were up to 22 different ways corporations could provide finance..? What if only one of those was by lending money..? How could a bank provide finance without lending money..?
According to the Corporations Act 2001, an Act the Banks in Australia claim to be bound by…
providing finance means:
(a) lending money; or
(b) giving guarantees or security for loans made by someone else; or
(c) drawing, accepting, indorsing, negotiating or discounting a bill of exchange, cheque, payment order or promissory note so that someone can obtain funds.