Banks are a useless invention. There is no reason to exist anymore. Politicians can do better job and the most important: Politicians are elected.
The fundamental job of a bank is to give credit. Politicians can't do that.
Why would you think banks don't have a reason to exist anymore?
Why i need a bank to give credit? Are you joking?
I don't know about Your situation but there are many people that need or want to get credit (for investment, for buying a house or for emergency situations). Also there are many companies that need to use credit in order to do needed investment, some people get credit to start there own company. How else are you going to get needed money if you don't have banks?
they could start to deploy automatic atm everywhere instead of those big construction called banks, where there are insiders doing useless job, that could be replaced easily by a machine
we don't need banks or any other human holding our money yet
Lol and from where those atms would get the money? Banks are needed as an institution and no matter is it on line banking, department or any other form of managing money, banks are needed.
it's all electronic now money don't exist, there is just a guy writing a number behind a screen and that appear on your bank account display, in fact you do not own anything
money would come in the same way they come when you withdraws from any atm
And how would that work?
Banks are working on virtual money and that's the issue with banks today. So the solution is that banks should have gold or physical money to back up the virtual ones (which today isn't always the case). But liquidating banks right now or replacing them with government money is unacceptable, because country's budget cannot be used for landing but for investments, scientific development, education, military etc.
that's the whole problem of today economy and inflation, the money are not backed up by anything it is just a rally of stamping more pennies, and there is no solution apparently
we could have a better system were salary are fixed and pre-build for everyone, and like i said before, an automatic atm that give you money based on your job
The money must be printed by the Ministry of Finance. Do you agree?
Everything should be replaced by Bitcoin, so there is no actual printing needed to be done. Needing to print money on demand = faulty design from the start. How are you going to replace all things with bitcoin? If you did that how are you going to buy bitcoin? And how are you going to invest in it? With disaperance this bitcoin gone you can't do things with only just bitcoin. There is no standard price for bitcoin
in the same way that you are going to buy usd(and you know that you are not actually buying usd but its stock), bitcoin stock could be your answer
