Global Financial Systems: How are they failing you

by President M.a. Bradley on May 24, 2016
  1. Global Financial Systems: How are they failing you? 
  2. If you’re like most people, you probably don’t give much thought to your local financial system and how it works. After all, as long as your employer can afford to pay you for the work that you do, why concern yourself with how and why they can? This is the life embraced by many people all over the world; and it is also the most visible culprits of continuing global poverty. 
  3. The link between the two isn’t so obvious – unless and until you decide to work for yourself. If this is something that you’ve ever considered in your life, than perhaps you should consider this: 
    The ability to start, sustain and finance businesses in any particular country is dependent on many factors; the one which seems to be failing the hardest is ‘access to high quality and affordable financial services’. 
  4. Recognized as one of the biggest problems effecting the whole world: more than 2 billion people lack access to high quality affordable financial services. This ranges from everything to banks in which to store money, to credit services and access to the capital needed to start a business that could generate value in your local economy. 
  5. What does this mean to your community? It means that more than 200 million businesses have unmet financing needs which prevents them from hiring, growing, or meeting their current obligations. Whether you know it or not; formal financial systems are crucial to supporting inclusive economic growth and stability. A lack of these resources has helped fuel the rise of alternative providers of capital, such as crowdfunding, shadow banks, the quickly expanding sharing-economy, and direct lending between persons and banks. 
  6. So why should this matter to you? You’re just going to a job every day and collecting a paycheck right? Should the difficulty of getting credit, and how the financial services function in your economy matter to you? 
  7. Absolutely, and here is why: No business is immune to economic shocks. Imagine for a second that the consumers in your community became frightened at economic instability and started to withdraw their savings from banks in large numbers. Well banks are only required to keep a certain amount of deposited money on hand; the rest is lent out to people and organizations –perhaps like the one which pays you. This mass withdrawal (known in conventional economics as a bank run), would cause the lending of credit to freeze – stopping many businesses from paying their workers or bills. 
  8. Weak financial systems also affect your quality of life, by not rewarding entrepreneurial spirits and ambitions. Starting a business to that creates jobs for the local economy is nearly impossible in communities without strong financial systems. Weak financial systems cannot lend money now, for financial gains later – meaning that dreaming potential business starters cannot borrow money on the promise of future profit. 
  9. This is a very heavy problem in many countries that can thankfully be lifted within our lifetime, thanks in large part to technology.It may be surprising and unexpected, but the internet is providing sound and solid solutions to this problem already. With the help of the internet, we are entering an age that most are calling the fourth industrial revolution: a technological reformation which is driven by the global connectivity of people,cultures and economies. 
  10. The question of how to use this medium to connect people,ideas and culture has been explored and (more or less) figured out with the spread of social media and mobile internet technology. Today, more people are selling and communicating around the world, than ever before. The largest challenge of our time is to harness this shift in economic and geographic connection in such a way that it promotes the empowerment of all people and communities involved. 
  11. With this seemingly global mandate, technology companies like empowr (empowr.com) are striving to stake their claim to this fourth industrial revolution by proposing something somewhat radical: to create a democratic social economy that allows everyone to generate economic value regardless of the amount of money they start up with. It has been a mainstay in nearly every economy, that having money equals making more money in the future. Whether this is from increased and expensive education or expensive and time consuming connections; the fact that money begets money has remained a major part of economic empowerment. 
  12. However, what technology endeavors like the social democratic economy of empowr, which provides both the means to begin earning profits without any start-up capital, and an education system that works to teach every citizen how to generate value in the economy can teach us, is that companies that leverage the internet and the interconnected world of social media are finding creative and effective ways to solve the issue of ineffective financial systems. What the creative minds of the internet age are doing for the people of the world, caught up in ineffectual financial systems, is providing alternatives to economies that fail to serve their interests and support their entrepreneurial spirits. This, if nothing else, is the mandate of our new and promising interconnected world. 
  13. So have you ever wanted to start a business and stop working for a paycheck? What barriers have stopped you so far? 

141 Comments

Illi Mai

Nice blog post, Mr. President! I hope you are enjoying your new position at empowr HQ! I enjoy reading your blogs :)

13 months ago
Dang Van Viet

Please reply me :) he has promised to resolve it!

13 months ago
Ninja Model

I agree with you Mr. President,
The impact is clearly visible in every part of the world..
Most of the start ups are not able to sustain for a longer period of time..
I do believe empowr will do wonders under your leadership...

13 months ago
Tuyền Hai

Hầu hết những thăng khởi đầu không thể duy trì trong một thời gian dài ..
Tôi tin empowr sẽ làm điều kỳ diệu dưới sự lãnh đạo của bạn ...

13 months ago
Tita Tanta Muntean

Totul se invirte in jurul tehnologiei care avanseaza cu pasi repezi saracia la fel .In toate tarile se ascunde faptul ca saracia a trecut limita care ei o spun .Angajatorii sunt din ce in ce mai putin speranta este in companiile de tehnologie care dau o mare speranta celor ce au acces la tehnologie .Prin aceste corporatii care se bazeaza pe vinzare si cumparare in general tot cei ce au bani cistiga si nu clasa defavorizata .Se vind informatii ,idei,obiecte etc.dar cei defavorizati raman in noroiul pe care mintea umana la favorizat
Aici speranta in aceasta comunitate este de a inbunatatii familia empowr deocamdata sa incercam sa venim cu idei de a face util acum mai mult ca niciodata aceasta companie trebuie o mai mare implicare pentru cei care vor intradevar sa lucreze cat de mult le permite timpul vinzarile de orice natura ar trebui incasate pentru a stimula alte vinzari asa daca asteptam maturizarea care intra in consum vinzarile scad si inportant este ca ele sa cresca .La cumparare de produse se arata ca plata a fost facuta dar la vinzator ar trebui sa ajunga in mai scurt timp si nu la maturizare multumesc

13 months ago
Tita Tanta Muntean

Inca o problema pentru cei nou venitii ar trebui incuratii la vinzare si cumpare daca platesc taxe chiar daca nu au contul asi8gurat pentru a le oferi incredere apoi pe parcurs primind o incredere vor face asigurarea si contului .Cum poti sa ai incredere ca nou venit atunci cand informatiile sunt in defavoarea companiei multumesc

13 months ago
Bob Poster

Yes great job! This is very important!

13 months ago
!Rashid Lateef

Thanks for share with us be happy

13 months ago
Yahjindu B Nwaokeabia

Thank you for your information sir

13 months ago
Le Thanh Kong

Thanks for this update.

13 months ago
Muthoni Kiba

nice blog,thank you for sharing

13 months ago
Edwin C.w. Leung

Thanks for sharing your thought.

13 months ago
Naked Guy

Thank you for sharing Mr Bradley. My add would be to say that the bigger banks could care less about their depositors and making loans to small business. They prefer to play a rigged stock market.

13 months ago
Charlie's Angels

Excellent, informative, interesting and helpful post. Thank you for sharing.

13 months ago
Deborah Rolon

It is very hard for small businesses. Very informative post, thanks for sharing.

13 months ago
Regina Talamor

Great and very informative post. Thank you for sharing Mr. President

13 months ago
GO-GO- SCF®

Great Sharing, Mr. President

13 months ago
Amada Marcelino

Thanks for the nice post,dearest Pres. Bradley

13 months ago
Muhammad Arshad Niazi

Mr President,

Need more explanation from you on the last two lines as it is not clearing the concept in our mind, May be we are meant something else against your thinking. Dont mind, It mean no big cashout?

13 months ago
Shahab R

The first solution to generate high profit with nearly zero initial capital that I stumbled upon was network marketing (or multi-level marketing). The second one is empowr. They're the same at core level; however, quite different in details.

13 months ago
Illi Mai

I see a lot similarities with network marketing and empowr. I think empowr has a similar business model like MLM but instead of a health or wellness product being pushed, there is a service fee that empowr charges (ad platform fee) Both MLM and empowr works with Power Levels or Statuses like Blue Star or Diamond Director. In empowr you get Success Coaches. In MLM, you get Sponsors that help guide you in your business. I am positive the creators or engineers of empowr got their idea somewhat from the business model of network marketing/MLM.

13 months ago
Yuriy Baragin

Super ) thank you ))

13 months ago
Roman Holice

I am in my own business for the third year and it´s really better than work for a stupid factory. The freedom and time for yourself and family are in the first place.

13 months ago
Vijay Kumar Karumuri

Thank you, President. Our financial system is keeping our citizens strong by having freedom at work, time and earnings around the clock. We are happy and waiting to have it stronger to help billions of people.

13 months ago
Mohi P

Thank you for the update!

13 months ago
Adriano Munyi Thomas

People needs to have a positive ideas like that of our beloved President and from there we can eradicate poverty and createsa beautiful Heaven down here on Planet Earth for everyone to enjoy.

13 months ago
Crispina Palopalo

Starting up our own business is always the best option than depending to paycheck only. I agree with Mr President that technology is at hand and thanks to the internet that made it possible for us to engage our market online globally. But yes it's really difficult to run a business if it's not financially sound .Glad to be with Epowr that gives us an opportunity to have our own business in the marketplace and engage within our Community that's growing and hope to grow more and finally be open to the public to make our business more stronger and everyone can benefit.
I am positive Empowr will grow more that whoever left will come back and say that this is the right place to spend our time to enjoy while earning and sharing our passion.
Thank you for imparting this with us Mr. President.
Hi everyone :)

13 months ago
Lamin Kargbo

A very good. post
Thanks for sharing

13 months ago
Maria Dolores Rara

Thanks for this informative post!

13 months ago
Miskolczi Erika

Thank you, Marcus, for this post. It is very important to know that a healthy economy will bring a financial freedom for everyone. The internet and the technology is the future! We need to build our business and our financial freedom will be our reward:)

13 months ago
Tam Dieu

Financial systems in the world economy like blood vessels in our body. If clogging blood vessels, will inevitably affect the body's condition. On empowr, we have been used finance a very easy that is the Ad credits. Ad credits help us make money quickly, we only have to pay Ad platform fee monthly and pay Ad credit later. Thank empowr. Great posts Marcus, Thanks!

13 months ago
Seshadri Sreenivasan

Thank you for the updates!

13 months ago
Erica Bjurström

As soon it is spelled democracy, I´m ALL IN. Brand new, learning reading making contacts, traying, asking and doing this. It is so RIGHT! Not only for the money, which is a big big motivation, but also for the satisfaction you get from yourself and from others.
Here we have a real WIN-WIN. Thank you everybody so much for these first 10 days.

13 months ago
R.s Bhadra

thanks for sharing

13 months ago
Tom Howard

This is what will change everyone's lives!

13 months ago
Carl Klapper

One area in which people remain dangerously ignorant is the difference between borrowing and investment when starting a business. A lender has no stake in the business or its success; it is only interested in getting back what they lent with interest. An investor is interested in the business' success and seeks to prevent its failure; he is an ally and a friend in need and in prosperity. New businesses should seek investors, not loans.

13 months ago
Pete Moss

interesting

12 months ago
Naked Guy

The new philosophy of the "Elite" are:
We have guns, take them from the rest...
We fly in jet copters, the rest to be placed in shackles...
We have all the wealth, the rest are to be blocked out from participating in the financial system and to be turned into slaves...

13 months ago
Pete Moss

very interestings - yes - normally lack of finance for all the normal running expenses - office, equiptment, staff, power, etc

13 months ago
Pete Moss

the banks don't lend unless you have money coming in + you can't start unless you have financial help = no start = stalled economy

13 months ago