Your Mark On The World

'Hippie' Immigrant Launches Good Money Banking Co-Op For The People - #1092

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Synopsis

Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2FSsjLX. Gunnar Lovelace, founder and CEO of Good Money, was raised in a “hippie commune” in California. He doesn’t think much of the banking system in the U.S., so he’s launched Good Money, a consumer banking platform structured as a customer-owned cooperative, to change things--radically. In the video player above, you can watch our full interview. This is how he framed our discussion: Just to clearly frame the problem--the average U.S. consumer today spends $360 a year for a s****y banking product where banks pay practically zero on your money as a customer then leverage your money on a 10x ratio to go fund things like the Dakota Access Pipeline and private prisons and make a bunch of money on that and then pay you nothing. As a consumer you kind of say that out loud that “I'm going to give you money to make money on my money, messing things up while paying me