Concerning failed banks:
By Daniel at 31 October, 2009, 6:45 pm
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
1. It is BECAUSE we use a central bank and fiat money that all banks are allowed to leverage incredible amounts of risk. This risk always results in failures at the end of a business cycle.
2. Regulation and insurance are NOT the answer. Insurance allows the cost to be passed through to the consumer.
3. No regulation and the elimination of fiat money are the key. The market will enforce discipline. People will be forced to pay attention and bad bankers will be punished with bankruptcy. When money in the system is approx. equal to need, leverage will be impossible.
4. With treasury issuing currency, we will not pay interest on money.
5. The real war for America is with wall street bankers. They are the greatest enemy we face. Eliminating all ties to the big five banks would be a good place to start the offensive.
Sorry for the repost- thread change.
- Shawn
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.