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Author Topic: The banks should be repealed  (Read 2235 times)
V for Varoufakis
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May 09, 2015, 09:44:10 AM
 #41

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?

Why don't you get your credit from your government?
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maku
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May 09, 2015, 09:45:41 AM
 #42

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.
V for Varoufakis
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May 09, 2015, 09:51:31 AM
 #43

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.

From the government.
maku
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May 09, 2015, 11:10:50 AM
 #44

That's something called Socialism. And if You didn't notice, there are no rich countries with that kind of political system. Poland after Second World War had that system for almost 50 years, ask Poles what do they think about Socialism today.
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May 09, 2015, 12:21:08 PM
 #45

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
V for Varoufakis
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May 09, 2015, 12:56:28 PM
 #46

That's something called Socialism. And if You didn't notice, there are no rich countries with that kind of political system. Poland after Second World War had that system for almost 50 years, ask Poles what do they think about Socialism today.

I am talking about elections, not Socialism. There were no elections in socialist countries. But besides that, after the last economic crisis capitalism has failed.
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May 09, 2015, 01:32:28 PM
 #47

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.
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May 09, 2015, 01:44:31 PM
 #48

even more important is understand how 'fractional reserve banking' works,  if you are unfamiliar with this i suggest you check it out and its history...... also ask yourself (or go look up)  how do banks interact with the imf....  these are imo the most troubling aspects beneath all this....

AtheistAKASaneBrain
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May 09, 2015, 02:06:13 PM
 #49

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.
BillyBobZorton
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May 09, 2015, 02:30:20 PM
 #50

The banks will not get replaced, but the government is currently working on digitizing cash, this would mean dollar bills will disappear as well as the euro ones, so we will only have electronic transactions without the only thing that's good about fiat (cash anonymity).
D05GTO
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May 09, 2015, 05:56:40 PM
 #51

How the current banking system works.  https://www.youtube.com/watch?v=iFDe5kUUyT0

If anyone see's that, then they'll understand what a farce it is.   We are all slaves to that system... that's why I love the concept of bitcoin.  Now there is a way to free yourself before it's too late. 


 
 
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BTCevo
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May 09, 2015, 06:14:31 PM
 #52

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

thejaytiesto
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May 09, 2015, 06:21:50 PM
 #53

That's something called Socialism. And if You didn't notice, there are no rich countries with that kind of political system. Poland after Second World War had that system for almost 50 years, ask Poles what do they think about Socialism today.

Countries like Sweden are pretty rich and have high welfare system and the life quality is great, so no, your example is flawed.
D05GTO
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May 09, 2015, 07:00:22 PM
 #54

Not really, there's a huge divide in Sweden between Providers and Users (Abusers)  and it's just going to keep growing.   It's proven time and time again that socialism does not work... ever!



 
 
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Amph
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May 09, 2015, 07:19:55 PM
 #55

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
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