The banking and monetary systems in the US are bunk and a new paradigm needs to be implemented
- Thread starter Brushy Bill
- Start date
It's not that risky when you can loan $10 for every dollar on deposit. They press a button and poof $9's appear.
Dentist. I prefer capitalist to make money over government taking it and deciding what they want to waste my money on.
I like capitalists too, I wish there were still some around, unfortunately cronyists drove them off several generations ago.
Only from our illustrious government handouts do the crony capitalist prosper.
What exactly is your contention here. Banks will still exist so that companies, states and nations can get loans, but instead of individuals getting richer the people get richer through the enrichment of their communities, states, nation rather than some fat cat bankster. What exactly is the problem with this?
It seems to me that if banks can't charge interest on loans to people for houses and cars then simply won't give people loans for houses and cars and people won't be able to buy a house or car until they have saved up enough money for it. And of course they can already do that know. Or they can get a loan from a bank now. So it seems to me that there are two options for people now and you want to take away one of them. What am I missing?
I don't want to take away peoples ability to borrow money, I want to give them a way to borrow money so that they don't have to pay interest on a loan. Look into the JAK bank in Sweden. In an ideal world you would save and pay cash for the smaller items you wish to purchase, but for larger purchases like houses and vehicles you could borrow money, interest free from a community membership bank. Look I understand this is a very complicated issue and people have strong feelings one way or the other, I just wish people would at least look into alternatives to the way we are doing things now and see that their are options, we don't have to keep doing things this way in perpetuity.
Okay then, so start a bank like the JAK bank in Sweden. The people that like it will use and and the people that don't like it won't. Problem solved?
I don't get it. At first I thought you were saying regular banks should be outlawed. But now I get the impression you think people should be allowed to use them if they want but there should be JAK banks too. So IOW you think (a) the banks that currently exist should be allowed to continue, (b) banks like JAK should be allowed to come into existence and (c) banks like JAK should exist. As I understand it, the first two are already in place and the third came come into place at any time you or others want them to.
I don't understand what issues are making you unhappy.
First - I don't think that banks in their current form should be outlawed, I think that JAK style "membership - zero interest loan" banks should be allowed to come into existence and that people would be wise to use these banks instead of traditional banks that make loans with interest. I mean why would anyone get a traditional loan when there are better options available.
Next - I think that the fractional reserve banking system in place globally is BS and the fact that individuals can profit from creating money, out of nothing, is a crock of horse dung.
Lastly - I think that public banking options for individuals, businesses, corporations, states, and nations are preferable to private banking options. If you're going to allow the practice of interest bearing loans to take place then at least the profits should go into the public coffers instead of some shmucks over stuffed pockets.
Get rid of the (non)Federal Reserve and get back to real honest to god money and not (non)Federal Reserve debt notes. In essence I'm talking about a complete overhaul of the banking and monetary systems of the world, should be a piece of cake, right. [winking]
Next - I think that the fractional reserve banking system in place globally is BS and the fact that individuals can profit from creating money, out of nothing, is a crock of horse dung.
Lastly - I think that public banking options for individuals, businesses, corporations, states, and nations are preferable to private banking options. If you're going to allow the practice of interest bearing loans to take place then at least the profits should go into the public coffers instead of some shmucks over stuffed pockets.
Get rid of the (non)Federal Reserve and get back to real honest to god money and not (non)Federal Reserve debt notes. In essence I'm talking about a complete overhaul of the banking and monetary systems of the world, should be a piece of cake, right. [winking]
Are JAK-type banks currently illegal in the US? If so then I agree with you that they should be legal.