In this report I talk about the fraudulent nature of our fiat money system and how it is the root of many of our economic and social problems. I also expose the myth that we are presently under a free market capitalist system.
"What Has Government Done to Our Money." free pdf: file:///Users/marioinnecco/Downloads/What%20Has%20Government%20Done%20to%20Our%20Money_3%20(2).pdf
Crypto will eat banks and financial services alive.
The process is already well underway.
We will have to wait and see on that one.
$1,000,000 USD notional options/swaps traded in the first week:
http://www.zerohedge.com/news/2017-10-21/ledgerx-launches-trading-bitcoin-options-and-swaps
Its already here, and it is going to be very interesting.
Dear Maneco! Who are You trying to teach or influence ? These masses of primates who love the promise of something for nothing? They wouldn't care who was robbed for this!!!
Rotten monetary system for rotten society!!
I agree with you that fractional reserve banking is just a time bomb with a long fuse. If TPTB let the banks and/or businesses fail to flush out the mis-allocated capital in the last few crisis then it probably would have been better off. We have seen this is central planned countries like USSR and China that it does not work well for the people when .gov keep throwing money in to prop up bad businesses.
Personally I prefer real-time transparent reserve banking. Let the free market decide whether to take the risk or not. You could make it such a way that if the reserve level is 40% everybody gets 40% of their deposit back. Bank runs will at least be fair that way and most importantly we will see lots of idiots get burnt.
To me that's one of the primary functions of a free market. It's natural selection for decision makers. Good decisions result in better consequences that end up creating a more prosperous future. Also I need to mention that fractional reserves have the advantages (although the disadvantages are far grave).
Let people learn through mistakes and let the market damage unwise investors. Also reap the (few) advantages of the fractional system. Simply make it transparent and let people know that they are only guaranteed a fraction of their money.