Tesco Bank launches bid for high street mortgage market | Money | The Guardian

Tesco Bank launches bid for high street mortgage market | Money | The Guardian.

This is what Democratised Money will look like. TESCO and other hight street retailers  introduce a range of banking/credit products.

Next they tie these products to a wider range of shopping so that if you buy your groceries from TESCO you get a discount on your mortgage interest.

Then they tie the whole thing into the loyalty card sceme.

Then they link the arrangement into long term credit purchases like cars etc.
Then they offset all these new debt arrangements against deposits and finally…

They get you to make your PENSION ARRANGEMENTS with the new bank.

THEN THEY SELL YOU SHARES IN THE ORGANISATION.

Hey Presto!  they have captured all of your financial arrangements.

You are no longer free to enter into agreements or not as you please, just like you are not free to use pounds sterling or not as you please.

In effect TESCO’s  are issuing their own currency.

Democratised Money

Advertisements