Bank of Dave

Episode 1 of Bank of Dave can be watched here: http://www.youtube.com/watch?v=Xfbsg5Agii4.

Here's the official website for Burnley Savings and Loan: http://www.burnleysavingsandloans.co.uk/.

There's a follow up being broadcast tonight on Channel 4. It can be watched here on 4OD: (Coming soon. I'll edit and post a link when it's up)

This TV programme is really entertaining and interesting, and gives me hope that there are people out there who will not put up with the greedy and deceitful banksters and are willing to go to great lengths to thwart them! I see there are some more episodes and a follow-up programme on TV tonight; see above. David Fishwick is a non-Conformist, creative and imaginative man, and we need more of him. He's right when he says: "It's no good asking permission; just go out and do it!" Seeing this kind of thing on TV is like a breath of fresh air amidst all the doom and gloom we normally get. The name of his company reminds me of George Bailey's Building and Loan from the film It's a Wonderful Life. In the movie a local credit union has to battle against a ruthless black businessman. Fishwick is on the right track, but the long term solution to the economy will have to be much more drastic and far reaching. Setting up a bank is an excellent idea and I'm glad Dave plans to make his bank independent of the High Street, but unfortunately so far (after only watching the first episode) Dave's bank still deals with the existing pounds and pence, Bank of England promissory notes. In order to become completely free of financial control it will need to create a new currency, like the Lawful Bank which has a currency called the Sovereignty, see: http://lawfulbank.com/Welcome. This currency will mean an entirely new independent economy. I attended a lecture by Roger Hayes at the weekend and he talked about how he managed to get round the Financial Services Authority that have given David Fishwick so many problems; he simply changed the word "money" to "monie". I've written a lot about the subject of local free economies; see here for example: http://hpanwo.blogspot.co.uk/2008/04/welsh-pound.html and: http://hpanwo-voice.blogspot.co.uk/2008/09/archers-local-economy.html. I'm keen to see where this enterprise goes and so will watch the follow-up episodes avidly.