The “Kingdom of pyramid schemes” reveals its secrets

No society can be transformed solely through reforms from above. The leadership has been reshuffled, while things remain quiet down below. Real progress begins with movement in the village and the municipal commune. In all the communes where the Republican Party won, a new kind of work will begin, first of all by changing the way of governing: —power must be depoliticized and equal for all members of the community —employees must be appointed on the basis of ability and integrity. The PR branch cannot send a note or whisper in the mayor’s ear about whom to appoint or dismiss. —The mayor and subordinates are not rulers over the people, but are in their service, ready to help people at any time and in any place —governance with full transparency. The commune council can and must hold open meetings. The mayor and council must know the villagers’ views when they consider an issue and make a decision; in the course of their work, the mayor and council should find ways to learn what people think. On matters of major importance to the commune, Continued on page 6

Another disappointment for Hajdari

• According to a simple economic logic, while mortgage guarantees are being discussed in exchange for the possibility of paying instalments to the respective clientele, the preference when choosing where to deposit should point towards companies that invest in both quantity and quality. • It is estimated that three large firms currently move more than 65% of all the money circulating through the pyramid-scheme mechanism. The creation of a private banking network, with the interest rates currently offered by VEFA, “Kamberi” and “Gjallica”, is thought to reduce by up to 30% the sums flowing from these companies to the other 15 firms and foundations. • Even the large firms themselves would not be interested in an immediate drop in the interest rates offered by their other competitors. One fifth of the capital these firms disburse in favour of their investments consists of client deposits. • As the volume of deposits declines because of the contraction in the profits clients receive from other foundations or companies, it will fall by more than 50%. — Page 4

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