It's very frustrating to discover that everything you've learned in college was either very wrong or completely wrong. This is why I tell people that parties and social time are so much more important than classes, for which I get called an idiot.
I've almost never had a bank loan. Banks have traditionally refused to lend to me. Thus we can't have me start with the FMC model; I've always lived in the ILF model.
If banks aren't reliant for central banks or others for their money, then why are there not more banks? Why don't we see poor people just set up their own bank, loan money to each other, then use that money to go and buy food and shelter?
If banks create money, then where do Bitcoin come from, and why are they valued? What happens if everyone stops using other currencies and use Bitcoin instead? And how does the world of Finance plan to stop this?
What? You want the plebs at the front of the queue? You need a banking license. Go set up your own bank that is not an intermediary but instead issues dollars. I bet the cops come to see you faster than if you were murdering a person on the hour every hour.
Speak to others about bitcoin. It doesn't interest me, it's not "state" money. The state can guarantee it can pay you back by squeezing citizens. Bitcoin can't do this.
For more info go see my other link or just google. It's all out there if you look, and I'm not talking zerohedge conspiracy lunacy as demonstrated by my url to the BoE's own blog.
> Go set up your own bank that is not an intermediary but instead issues dollars.
Wait, wait, wait. There are different types of banks? How many different types? Let's start again, talking about all of these types. How do they interact? Got any good links?
I've almost never had a bank loan. Banks have traditionally refused to lend to me. Thus we can't have me start with the FMC model; I've always lived in the ILF model.
If banks aren't reliant for central banks or others for their money, then why are there not more banks? Why don't we see poor people just set up their own bank, loan money to each other, then use that money to go and buy food and shelter?
If banks create money, then where do Bitcoin come from, and why are they valued? What happens if everyone stops using other currencies and use Bitcoin instead? And how does the world of Finance plan to stop this?