2012-06-20 / Whiskey & Gunpowder / The Death of Banks and the Future of Money

Loistava artikkeli nykyisen rahajärjestelmän järjettömyydestä ja siitä mitä vaihtoehtoja meillä on.

[i]"One thing is now clear to even the most casual observer: banks are not capitalist businesses. In their present incarnation they have little to do with the free market and no place in it. They are constantly oscillating between two positions:

One moment, they are a state protectorate, in desperate need of support from the state printing press or unlimited taxpayer funds, as, in the absence of such support, we are supposedly faced with the dreaded social fallout of complete financial collapse.

The next moment they are a convenient tool for state policy, simply to be fed with ample bank reserves and enticed with low interest rates to create yet more cheap credit and help manufacture some artificial growth spurt.

… Another solution would be private virtual money, such as Bitcoin.

Bitcoin is immaterial money, internet money. It is software.

… A monetary system built on hard, international and apolitical money, whether in form of a private gold-system or Bitcoin, would be a truly capitalist system, a system that facilitates the free and voluntary exchange between private individuals and corporations within and across borders, a system that is stable and outside of political control. It would have many advantages for the money user but there would be little role for present-day banks, which goes to show to what extent banks have become a creature of the present state-fiat money system and all its inconsistencies."[/i]