The truth about Inclusive Banking
Princess Máxima is one of the voices for the UN to promote it since she has done so for Micro Finance.
Máxima came from the HSBC bank. One of the first banks who stood at the birth of the financial crisis. This bank was the first one lending money at ever rising interest to the very poor in Detroit. Many could never afford the interest and all went wrong for them. And HSBC knew very well what they were doing. HSBC grabbed their property for a penny. Shortly after other big banks followed the HSBC scheme. And it all crashed in 2007/2008.
What is inclusive banking? Basically selling debt and insurance to the very poor.
Many parts of the world lack access to banking systems. Is that bad? The exact reason why there…
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