<span data-metadata=""><span data-buffer="">Manna aims to provides a viable alternative to the Australian Dollar
Modelled on tried and tested “interest-free” currencies, Manna aims to provide a stable and complementary alternative
<span data-metadata=""><span data-buffer="">Why is change needed?
The current banking system was built for the “elites” to make money, whilst doing nothing, and is unsustainable due to it’s dependence on debt creation to “grow” the economy and the requirement for interest to be charged on all credit and loan facilities
Ever Inflating Debt
The Australian economy needs to grow between 2 to 3% per year, just to sustain itself. This has seen the gross national debt sprialling to $1.159 trillion or 43.1% of GDP.
Over Priced Homes
The average house price in WA is $630K. On a 5.14% interest rate, that means you end up paying about $657k in interest. Manna will change that
Crippling Business
Business relies on cashflow, and often they have to use credit faciliates to sustain themselves. With rates between 6.29% and 15.99%+ this can limit business
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