my reason is simple. i do things and plan things on realistic terms and achievable ways. ikaw kaya? baka ikaw lang mag-deposit sa bank na walang office?
As I have said over and over you are not required to put in a deposit, that is part of the mechanism of the system
you can bend rules or go around them, but please, people are not stupid enough to save money on a virtual bank which is that out of the box stuff. you dont even have guts to give an overview of what should be done, and it should be on realistic terms, that will include permits, etc, affiliations, articles of incorporation, bylaws. you speak science fiction. are you a scientologist?
No. Science fiction with out basis is not science fiction. What was science fiction 70 years ago is now a reality. Going to the moon. This is tantamount to telling people that they can fly to the moon during the time of Jesus. Laws have boxed creativity.
its plainly easy to say this and that, think out of the box, etc. but given the norms and current conditions, are these possible? go around the law? are you trying to make outlaws of people, ofw?
I admire your structured thinking, you were brought up as a very obedient child. I guess you are a commerce/accounting background by profession.
give us an overview, maybe we can change our mind.
I have replied similar queries to this over and over again. It will come in time, and it is not for all, we will be managing richness of our country and share with those who believe they have a claim to their rightful inheritance to the richness of our country. This is the 5th riches country in the world in natural resources. Many don't even know what we have and possess. When I tell some people of what we have as a country, they tell me what I have is a fake. There is no such thing in the Philippines. Okey..poor Philippines.
lets go back to topic and be realistic. ofw bank, giving and receiving principle? try this kaya? have you ever traded the stock market with no money involved? tawag dyan paper trading. try it. makikita mo na, "wow, okey to ha?, dami ko kita." but that's just virtual income. now, try putting real money on the line, and you'll know what im saying.
You are playing the rules according to those set by others. We shall play of the games by our own rules and principles. While your speak of virtual income, is not the same as the kind of "virtual income" that I have envisioned. Your virtual income - fluctuates with stock prices, my virtual income does not fluctuate in value and is absolute in value. Confusing and mind blowing
people are happy with ideas, but try to convinced them to put real money into it, like ofw bank idea, and you'll know the common thing they'll say, "naa naman gud ko savings sa metrobank, dili man ko angay inganang insurance, my kids have their own trust fund, etc", now these are realistic answers.
Again, there are no need for investors, no need for depositors, but your deposits can grow without depositing. Wow, wow, sounds like a SCAM?
you speak of bank. do you even know the banking law? you speak of insurance, life plans, etc, do you know what the requirements for these medium of investments to be setup? or incorporated in such ofw bank?
Those laws were all man made, made in the Philippines. What if the bank is not in the Philippines, as in Singapore or Hong Kong? Do I need to study all those banking laws Does an OFW-Bank have to be in the Philippines ? What if those who decide to support it put in another country, you also do not need a bank to have a bank. Does Philippine banking laws have rights over deposits of OFW's in Switzerland ?? deposit that have not been deposited ?? wow, truly a scam, scam, scam,...
answer these questions and show me how you think out of the box.