Ownership And Creation Of Christian Payment And Banking Systems (Chap 10)

How then do Christian banks not lend a dollar for every six cents that they have like the other banks? Simple, all depositors are bank owners. Bank shareholders will not be allowed to leverage their financial risks and returns at the expense of depositors and their monies.

The Christian banking and payment systems in respective of various Christian communities i.e., cities or cluster of cities, should be owned proportionately by depositors with net cash deposits in the system, rather than shareholders with only a small stake in the assets of the whole system. This is necessary for equity of ownership and risk-taking. We should also try to encourage widespread ownership and accountability within the communities for the banking and payment systems.

It is necessary to constitute the organizations so that it is accountable to the depositors as business owners. It is also necessary at its on-set to make sure that actual physical assets and resources invested or injected into the organizations are fairly valued rather than inflated in valuation. Paper or financial assets cannot be invested, as these have no value apart from the world’s secular financial systems.

Net cash deposits means that depositors will not borrow money to gain or buy ownership in the systems. Shares of ownership will be based on values of actual assets / cash invested in the business, minus what that individual or entity owed the banking and payment system in terms of loans or other forms of financing. Every effort must be made to avoid double accounting as individuals or families may seek to have more than their fair share of voting rights, profits and dividends through the vehicle of a structure of companies.

Businesses, which owe the banking and payment system money, will not be its owners though the reverse has to be true. The banking and payment system will be owners or business partners of these kingdom businesses that needed financing. This is in keeping with the Christian principle that lenders and not borrowers, should rule.

The ownership of the Christian banking and payment systems must totally be in Christian hands. Ownership must be jealousy guarded as we cannot afford to risk loosing this organization to the world economic system, so that it comes under the world banking and monetary system and forces its account holders to receive the ‘666’ mark of the Beast.

While Christian Economies remain as sub-economies in the world economic system, it is actually better for these institutions to start off as payment machineries rather than banks, though both are possible.