Author

Topic: My simplistic ideas to solve the banking/debt crisis (Read 431 times)

full member
Activity: 154
Merit: 100
I2VPN Lead developer.Antidote to 3-letter agencies
- Outlaw fractional reserve banking
- Withdraw the bail-in provisions
- Create a national bank for the people
- Allow commercial decisions to determine if a bank should stand or fall
- Convict and imprison any banker found to be breaking the law
- Use quantitive easing to improve the infrastructure and not bank profits.
- Stop transferring junk derivatives into government ownership.
- Give every person a lump sum (say $1,000) towards debt repayments. If you don't have any debts, you get to spend the money.
- Allow crypto-currencies to exist without government intervention.
- Scrap the EU to remove the problems caused by Germany
+1
<< supports this.
But from where 1,000$ will come? Tax?
full member
Activity: 125
Merit: 100
Sounds like socialism, and it would never work in practice. Looking at you China.  Roll Eyes
legendary
Activity: 1148
Merit: 1000
Haha that's a good one, I almost thought you were serious with the first line  Cheesy Oh well at least your post has provided me with the best laugh I've had all day. I'm just curious how did you come up with those ideas, it's certainly an interesting mix, some of them could open up a serious debate while the rest are downright hilarious.
Totally loved your post BTW  Smiley
legendary
Activity: 1736
Merit: 1006
You forgot the most important part - anoint an entity with the required absolute power to implement these wonderful ideas.
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
- Outlaw fractional reserve banking
- Withdraw the bail-in provisions
- Create a national bank for the people
- Allow commercial decisions to determine if a bank should stand or fall
- Convict and imprison any banker found to be breaking the law
- Use quantitive easing to improve the infrastructure and not bank profits.
- Stop transferring junk derivatives into government ownership.
- Give every person a lump sum (say $1,000) towards debt repayments. If you don't have any debts, you get to spend the money.
- Allow crypto-currencies to exist without government intervention.
- Scrap the EU to remove the problems caused by Germany
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