The R F Smith Card: Good Jobs & Financial Health

The R F Smith Card

It’s a sad truth of American life that the poorer you are the more you pay for banking.
For example, according to the Wall Street Journal, banks and other financial firms in 2016 generated $33 billion in fees related to overdrafts on checking accounts, this is the highest level in seven years. The Consumer Financial Protection Bureau (CFPB) has compared overdraft fees to a short-term loan with a 17,000% APR!
Mehrsa Baradaran, associate professor of law at the University of Georgia, and author of How the Other Half Banks, writes “As the banks are set up currently, the fees they charge are meant to dissuade small accounts, or accounts by people whose incomes are minimal and very uneven.”
As Baradaran writes in her book’s introduction, the banking industry has stopped serving those who are “too poor to bank”, pushing them into the arms of non-bank service providers to provide the most basic services: to cash pay checks, pay bills or transfer money. In exchange, she calculates that they fork over up to 10% of their income for these services.
In some cases, they don’t have an option: a bank may refuse to open an account for them. And banks have long been trying to “discourage” their smaller customers: fees on accounts where balances dip below a specified level even briefly can look extremely costly to a low-income household.

Financial Health

Financial Health for Everyone using A.I.
Our vision is an audacious one: to increase the number of individuals with positive financial health and well-being. To achieve financial health, people need day-to-day financial systems that build long-term resilience and opportunity. Financial health enables family stability, education, and upward mobility, not just for individuals today but across future generations. Promoting financial health is good for the American economy. Financially healthy consumers drive new opportunities for increased engagement, loyalty, and long-term revenue streams. Lasting financial health also has a positive macroeconomic impact on communities at local, regional, and national levels.
We are developing a financial adviser system with several artificial intelligence (AI) capabilities to help achieve this goal. This system learns from historical data to predict the account balances of individuals for a future time period, identify the recurring charges in their spending, determine unexpected large expenses, and analyze the category-wise spending behavior of user groups.

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Interview with Trevor Koverko, CEO of Polymath

Security tokens will dominate the blockchain universe!
Trevor Koverko

Trevor Koverko, CEO of Polymath

Trevor Koverko is prominent blockchain founder, investor and speaker.
After launching his career at the convergence of Wall Street and Silicon Valley, Trevor became a very early leader in the blockchain community.
Trevor started in 2012 in Bitcoin, has keynoted major blockchain events like The North American Bitcoin Conference, and seeded foundation projects like Ethereum, Aion, QTum, Hive, EOS, and Shapeshift.
In 2017, after predicting the mega-trend of financial securities migrating to the blockchain, Trevor cofounded Polymath – the worlds largest securities token network.
Trevor graduated from Canada’s leading business school, Ivey, was a NHL draft pick of the New York Rangers and is a 4x attendee of Satoshi Roundtable.

Polymath logo

Terrance Jackson: What is Polymath?
Trevor Koverko: I founded Polymath in 2017 after wanting to launch a token of my own for a company I founded.
I quickly learned that the token I wanted to launch would actually be considered a security token — a token that would represent shares in my company. I also learned that the barrier to entry when it came to creating a security token was simply too high for many companies.
That’s when I had the idea for Polymath and to disrupt the legacy securities industry. Polymath, which is an open-source platform, gives issuers of financial products access to the blockchain, smart contracts, and token creation technology.
Polymath provides a protocol to ease issuers– such as venture capital firms, investment funds, and companies– through the complex tech and legal processes of a successful security token launch.
In short, the idea behind Polymath is an interface between financial securities and the blockchain.

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Can Google Predict the Stock Market

Can Google Predict the Stock Market
Using Artificial Intelligence to Analyze Financial Data
A Machine Learning Demonstration by
Terrance Jackson
Monday, May 21 @ 7 pm
Larchmont Public Library
121 Larchmont Avenue, Larchmont, NY
Can we use artificial intelligence and machine learning techniques on information collected by companies such as Google, Facebook, Wikipedia, and Twitter to help predict financial markets?

Debt

Based on the research of Tobias Preis, a professor of Behavioural Science & Finance at the Warwick Business School, using a trading strategy based on the changes of how often people Googled the word “debt,” yielded a return of 326% for the Dow Jones Industrial Average (DJIA). This is compared to a 16% return for a buy and hold strategy.

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Pistis: Live The Resurrection!

Pistis understands that people often need financial help as well as spiritual help.

Pistis Card

All of history’s greatest figures achieved success by having pistis, “trust; commitment; loyalty; engagement.”
Coming soon
Pistis “Live The Resurrection!” T-shirts

Live The Resurrection

“Did not the Messiah have to suffer these things and then enter his glory?” And beginning with Moses and all the Prophets, he explained to them what was said in all the Scriptures concerning himself.
~ Luke 24: 26-27
Our t-shirts are made with as many high-quality local inputs as possible.
Our t-shirts are:
  • Grown in the USA
  • Certified organic cotton
  • Made in the Carolinas
  • Transparent supply chain
  • Water-based inks
  • Environmentally-friendly print process
  • Medium weight: 5.4 oz
Be proud each and every day you wear your tee knowing that your purchase supports more than 500 American jobs! Since it’s made from super-comfortable ringspun cotton, you’ll want to wear it every day. And because it’s made from a medium weight (5.4 oz) fabric that’s constructed for durability, you can actually wear it every day without it showing signs of wear.
Don’t try to interpret faith
in terms of science and logic.
“And all things you ask in prayer, believing, you will receive.”
Matthew 21:22
Religious imagery is
telling you what is becoming.


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