Robert Nabloid

My Economic Plan

Like I said, my plan isn't perfect. I would assume that most banks would have money that they can lend out from their own assets they have developed over the years. I would also assume those that take longer term bonds from the bank would offer more stable money to be lent out. TO be truthful, I don't want my money in my checking account to be lent out by the bank - my savings account yes, as I want a little interest, but my checking account I want to be using right away and would prefer it not to be lent out.

Like I said, my plan isn't perfect. I'm open to suggestions and I'd love to hear your plans - both what you plan to personally do and what you wish government would do. I know we don't have much say over government, and that is why nothing will change - sad, as they say its a democracy for and by the people. Oh well, at least we are personally free to do choose most of our own actions (as long as you don't owe too many people money anyways :-) ).


On Dec 15 10:22 AM RickRussellTX wrote:

> Yeah, I cannot see how eliminating fractional reserve banking fixes
> any problems. If anything, it dramatically worsens liquidity problems
> -- look at the national bank system before the Federal Reserve existed.
> If depositors took out money, the bank had to demand immediate payment
> on loans. It makes sense in theory, until you find out that the letter
> of credit you sent to the lumber mill just got pulled. Do we really
> want to go back to the days of couriers carrying gold and paper currency
> to pay for business transactions? Without the ability to rely on
> short-term lines of credit, that is what will happen.
>