Damian Cultures´ Blog

Yes!! it is very controversial for Colombians like us to say that we can trust on the financial system after suffering with some banks that charge huge interest rates for loans, and a minimal rates for the investors. Companies like DMG DRFE and more in all our country, the need of corporations like “Fogafín” and other to control the possible disappear of those entities so nobody´s pocket get hurt…

That makes me think that we still love the culture of “el vivo vive del bobo”, something that we can translate like… some people who think they are smart take advantage of ingenious people. It sure is not correct but that’s what happens in our society we need the existence of more bodies controlling the situation.

Now… have you ever think that the religion comes to the banks and tell them no to steal the money of their clients, changing their mind of having profits and becoming them more responsible with the rest.

Well that’s actually what happens in the Arab world, they are very strict with their Islamic believes being really forbidden to apply a usury rate, and I say really forbidden because in our country and our culture that’s something that’s only in the papers.

Am not saying we should adopt the Islamic religion so we can advance in the respect of the clients rights; personally I prefer not to speak about religion as the solution of problems but I do know that it leads some values that can apply in many aspects and this is one of them in the Arab world not for us, we need another source: The Law, the culture, and… “Only god knows”.