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Smallxchange:
the natural right to access financial resources for everybody.
What is the mission of Smallxchange?
The focus is not easy explained since the promoters have been
thinking about it for the past three years.
The initial aim was to create a stock exchange on Internet,
open to all small and medium enterprises. This has been modified
and improved through the difficulties found on the way.
At present our mission is based on three different elements:
1. Internet
2. the rich and the poor
3. Communism and Capitalism.
Points 2. and 3. involve the no-global and the
global economy.
Point 1. inspired the project of Smalxchange. Internet means
no intermediation. In the world-wide economic process it means
"from the producer to the consumer" without going
through the expensive distributive channels.
Central banks are worried about inflation.
For the consumer it only means "final prices have not
risen" in order to maintain the purchasing power of salaries.
With Smallxchange, for the first time, prices can decrease
to 50%, if we are able to let goods move directly from the
producer to the consumer.
With Internet this is possible at no cost.
We can apply the same principle to the capital
market. Consumers deposit their savings in the banks, as always.
Banks apply low interest rates for economic initiatives. But
the money is not their property, it belongs to those who deposits
it. Obviously the interest rates are different.
The Muslim banks do not recognize any interest rates for religious
reasons: that's interesting.
If Internet has no intermediation, why don't
we use it for capital markets?
People could directly invest their savings into companies
and buy their final products.
Our mission is in progress and we can
go on talking about it.
Smallxchange aims to be an alternative to the usual way to
invest savings, known for the last 1000 years. It could look
like an utopia.
Nevertheless, during an interview, professor Muhammad Yunus
of the Grameen Bank, has asserted that he also met several
difficulties when he created the Bank of Poor in Bangladesh.
Today, the Grameen Bank exists.
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