Muhammad Yunus, Nobel Peace Laureate 2006


Iíve met a great man. A true economist who has saved the life of an incredible number of people. His name is Muhammad Yunus, Nobel Peace Laureate 2006. Thanks to him even beggars have been able to get credit.
And they have paid back the money. A big difference from the financiers of these parts. 85,000 beggars are the estimated number of clients of Muhammad Yunusís Grameen Bank and thanks to him they have the chance to change their lives.
In Italy the opposite happens. You go into a bank with no problem and you come out needing to ask for alms. Yesterday at the University of Bologna they asked me to make a short speech in the Aula Magna. There were bankers. There was Yunus. Watch the film clip.

YouTubeGoogle VideoQuickTime 56k3GPiPod VideoAudio Mp3


Speech by Beppe Grillo at the University of Bologna.
Iíve listened to people who are specialists in their own field, talking about things that from my point of view have hardly any sense. I hear economists talking and confusing the economy with finance. I hear talk of microcredit confused with microfinancing with microfinance.
I think Iíve got doubts because the work of this man is the work of a professor who has seen his country disintegrated with debt and who has tried in every way to get people to save which together with work, is the only way to beat debt.
For example, we have heard the ABI representative who said that he feels perplexed and embarrassed: itís a sense of shame.
Here we are talking about microcredit, whereas we have consumer credit. The banks no longer are satisfied with the savings of the people, they are no longer interested in the money but they want the lives of the people. That is not selling things but selling the debt on things.
The concept of transparency for our banks is to not let anyone understand anything of what they are doing, to get people into debt, for example, on a TV set to have it paid for in 6 months, but not earlier than 6 months. But on that day in 6 months time they send out a bill to get the people into a trap and make them pay for the TV double its value with interest rates of 17-18% which is a usurerís interest rate. We are in the hands of usurers.
So there! Thatíll teach you to get me to talk!
Muhammad go away from here! Go away from here Muhammad!

Interview with Muhammad Yunus.
Greetings to everyone! I am happy to be here with Beppe, it really is a great experience. Iíve heard him speak. He has clearly said what I would have said. Heís talking about what is happening, about real problems.
The banks donít ask questions. They continue to do what they have always done. They should have done many things that they havenít done. We have shown that it is possible. We can help every individual with no problem.
Grameen Bank lends money to the poorest. We started off 30 years ago. Without guarantees or recommendations. Without legal instruments. Money is needed to make money. Thatís how we started off. But no one believed that we would have made it. But we succeeded.
Itís a banking system based on trust that works and that is spreading throughout the world. Millions of people have had access to microcredit. It can be done. Credit is a human right and it can change the life of everyone. The banking system must be for everyone.
We lend money to everyone. Even to beggars. So that they can sell something, tiny objects: toys, candies. That way they can earn money and change their life.
More than 85,000 beggars are changing their lives. This is exactly what Beppe has been talking about today. Warm greetings to everyone!

Posted by Beppe Grillo at 12:51 AM in | Comments (13)
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to Beppe,
under the video that appears in youtube that it is linked to your post, some idiot thought that was fun to put stupid "catene di san'antonio" (i guess they are called in italian), minacing people and obliging them into writing 5 or more of the same message if (check this out ) they want to stay alive. the nickname that belong to such a post under your youtube video is Bloomoonwerewolf.
it is kind of annoing so if anybody sees it please report him somehow to youtube so that they probably can take this thing out.

i am sorry to bother you, but it is annoying to find such things .
keep it up
spring is close

Posted by: mmanzoni | March 22, 2007 05:57 AM

No worries man. In case somebody wants to know I am straight as an arrow. I think somebody is having a ball here! That's ok ! Why dont'you come up in the open you little twat? Are we too smart for you? Is this why you so embaressed to post under your real name? I suggest DICK as a nick name. That would suits you just fine!

Posted by: piero sanna | March 21, 2007 12:52 PM

Piero, as you already know I didn't write the idiotic comment below. It looks like the asshole is back.

Posted by: Enrico Rossi | March 21, 2007 11:42 AM

to Enrico Rossi: You are a breath of fresh air man!
Great post mate! Keep it coming.

Posted by: piero sanna | March 20, 2007 09:13 PM

Raffaella to fully understand what a silver dollar is I suggest you wacht "The money masters" video. You can find it on google video. In a nutshell a silver dollar was Kennedy's answer to the International banking stranglehold on society. Gold has been the standard through which wealth has been measured for many centuries. Being gold very scarce in nature it was relatively easy to create a monopoly and corner the market. As you may know, money was backed by Banks because they could guarantee its value in gold reserves, owned by the Bank. Silver is a material that is known to be 10 times more plentyful than gold. Hence a monopoly on silver would have been much harder. All this is irrelevant now. With the advent of the 'fractional banking system' banks are no longer required to have any reserve. They basically make money out of nothing. According to the fractional system banks can loan out 9 times what they have on deposit. Point is that what they have on deposit is fictitious money. So they can loan out 9 times what they've got and collect interest on top of it. The scam does not stop there. As old loans are repayed new and bigger loans can be made by the bank. It's a vicious circle cleverly constructed and astonishingly allowed by politicians. Please if you wacht the video I mentioned earlier and you find it interesting do spread the word. It's the only chance we've got
Baci Piero

Posted by: piero sanna | March 20, 2007 09:12 PM

Our political and financial system has been carefully designed to conceal the truth from the public. The media are totally controlled and it doesn't matter if they are right, left or center. They peddle sports, silly music, a little sex and trivia of all sorts and also promote war and hatred when deemed right. Serious questions are never asked. The Internet has finally broken this status quo and I fear that, like it has already happened in some Countries, the Internet will be made as worthless as the official media.
The problem,as I see it, is that we are billions and they are only few, but in total control. It's much easier for them to play their game than for us to oppose it and the trick is to find a way to organize an effective movement to finally remove this abomination that inflicts so much plight on humanity.
Regarding Microcredit, Muhammad Yunus must be commended for his incredible achievement even if, as Piero says, his work won't solve the financial problems that plague us. It has been surprising to discover that 95% of these destitute people manage to repay their small debts within a short period of time. They are honest and hard working (unlike you know who), but without this help they would end up stealing the proverbial chicken to feed their families and land in jail for few years.

Posted by: Enrico Rossi | March 20, 2007 08:38 PM

Prince: what's the "silver dollar"?

Posted by: Raffaella Biferale | March 20, 2007 07:49 PM

So what?? Giovanni falcone was also killed for trying to stop the mafia. Shall we just accept the fact that usurers and the mafia will always prevail?
Giovanni the Ďmoney changersí will always do their outmost to stop any deviation from the system.
This is why strong and genuine politicians are only a part of the solution. Information is vital. A way must be found to spread this information about banks and their practices so that even if the next Kennedy or lincoln is 'taken care of' we will always be aware of the nature of the system. We, the people, have the power to stop all this. We are the real wealth of the world. Without US their money is worth NOTHING. Internet is a invaluable medium that could be instrumental in the proliferation of these basic and shocking truths. I am pleased that Grillo described Bankers as userers that are no longer after your money but your debt. That's what money has become. DEBT. Kennedy and Lincoln understood the implications of this banking system. What they really underestimate was the power of information. Back then would have been more difficult to reach millions of people as the media were and still are directly controlled and literally owned by the Bankers. With the advent of internet the circulation of 'trueí information is to some extent less controllable. At different stages in history people have raised against their goverment. However, revolutions are pretty pointless if the real cause of the discontent isn't identified and eradicated. Information is power. And 'power' knows this very well.

Posted by: p | March 20, 2007 07:01 PM


Let's not forget that Lincoln and John Kennedy were both assassinated.

JFK introduced the "Silver Dollar" to change the banking system but, with his death, every effort in that direction stopped right away.

Posted by: Giovanni Principe | March 20, 2007 05:50 PM

Oh my God ! I really don't get this! why oh why Grillo you go to universities to talk about microdebit and you censure the word senorage in the Italian version of the blog. Obviously I 'm aware of the fact that microdebit is the only way to 'freedom' for many people that live in extreme poverty. What really strikes me is the great effort that is being made in initiatives that are pure and simple placebos. In other words microdebit is beautiful and righteous on the surface and useless in substance. Grillo and Mr Yunus are tryng to foster the idea of a Bank that doesn't require any kind of recomendation or guarantee from the lender, which is fine. What really troubles me is that we are deluding people that in this way they can be freed from the shackles of poverty. THIS IS BULLSHIT! If we don't change the way money is printed and lent at interest by Central Banks, Microcredit will be utterly futile and useless. Mind you, I appreciate the fact that thousands of people have a much higher quality of life as a result of microcredit , still this is not the way to go about the pivotal issue of MONEY. Mr Grillo knows that as long as The 'International Bankers' will have total power over the economy, initiatives such as this are fragile and bound to fail. I'm not being cynic. Mr Yunu Says 'money is nedeed to make money'' that is exactly right. Money today is fictitiuos.It is just a Promise to pay. That's why microcredit works. Because also MACROCREDIT is based on the mutual trust that the lender and the creditor have in money as the accepted means of payment. Notes are no longer backed by a reserve. They are therefore worth nothing. It's just paper with ink on it. So what gives money 'real' value? It's you and me. My promise to pay, your house and her job. These are 'real values' that you can touch and measure. If you understand this you will also understand that Central banks can increase or decrease the value of a currency by making money scarce or plentyful. They already did it many times and Nations inesorably plunged into economic crisis. This is what a depression is. The rest is Bullshit. We have to find the courage to talk about this once again and find a way to print our own debt-free money. In England people lived for hundreds of years under the tally stick system. Lincoln managed to temporarily 'kill the banks' with his backgreen policy. The Island of Guersney currently prints its own money. It can be done. It's been done before. All we need is information and the right employment of resources. This is why I think that people like Grillo have a big chance to do somenthing about this. Instead they concentrate their attention on projects that at best can function as Ďa too small pacht for a whole that's getting bigger by the minuteí. This gigantic and self perpetrating whole is known to you and me as PUBLIC DEBT.
Thank you

Posted by: Piero Sanna | March 20, 2007 05:26 PM


...there's the english version too.....

Posted by: Luca Fortunato | March 20, 2007 02:24 PM

Muhammad Yunus is a sunbeam in the clouds.

Posted by: Giovanni Principe | March 20, 2007 02:05 PM

God bless you Beppe and Muhammad Yunus.

Posted by: Giuseppe Graceffa | March 20, 2007 11:31 AM

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