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Good read, thanks @bzmazu. Seems quite true to me.
yep. a solution for the banking part is detailed in The Public Bank Solution by Ellen BrownGood read, thanks @bzmazu. Seems quite true to me.
Excellent, thanks!yep. a solution for the banking part is detailed in The Public Bank Solution by Ellen Brown
That's why I call them "Banksters"...they just laugh, kind of a knowing guilty little laugh when I do it.we don't need banks at all. Banks and fractional reserve banking are a huge scam.
Think of a brokerage account versus a bank account. A brokerage account (in theory) contains 100% of the assets of the owner.
A bank account is evidence of a debt that the bank owes you.
Banks are engines of inflation. And whoever owns the engines of inflation gets rich.
Things like Prosper, although flawed, show how it is quite easy today to loan out unused money on your own, without fractional reserve banking at all. There is absolutely no advantage to fractional reserve banking except to the huge debtors -- the government and the richest people, basically.