Alternatives to Big Banks Bailout, Fed, and Fiat
Funny Meme
( Meme Evil behavior about Privatize Profit and Socialize Cost. Image #IDU_20230313_222833. )
Source:
• https://i.imgflip.com/4vshfq.jpg
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Five Alternatives to Big Banks Bailout, Fed, and FIAT
Alternative 1. Abolish the Federal Reserve. Then replace the FIAT with a DECENTRALIZED crypto.
Five steps:
1. A total separation between banking and state. Source at https://youtu.be/dg0aysCJZyc?t=13m15s
2. New ideas. Source at https://youtu.be/dg0aysCJZyc?t=13m25s
3. A new rule about NO fraud. NO lies about the currency value. Source at https://youtu.be/dg0aysCJZyc?t=16m04s
4. Abolish the Federal Reserve. Get rid of it. Source at https://youtu.be/dg0aysCJZyc?t=16m52s
5. Replace the dept-based FIAT currency with a really DECENTRALIZED cryptocurrency (crypto). NOT a centralized crypto. Definitely NOT the centralized Central Bank Digital Currency (CBDC).
Examples of really DECENTRALIZED cryptos which are not dept-based:
___• Bitcoin at https://bitcoin.org
___• Monero at https://www.getmonero.org
( Image #IDU_20230313_225621 )
Related short 2 minutes video by G. Edward Griffin about abolish the Fed at https://rumble.com/v2d0ywq-do-not-audit-the-fed-abolish-it.-edward-griffin.html
Alternative 2. Bail out the big banks. But conditional to fully converting them into big CREDIT UNIONS.
Credit unions are really good for YOU the citizens. Because they give all their profits to YOU as their customers. In other words, YOU the local and domestic citizen get your credit union profits. In comparison, most banks profit are often hoarded by secret & foreign shareholders.
In other words, credit unions value YOU the people above money.
"In the US, public trust in credit unions stands at 60%, compared to 30% for big banks"
"Small businesses are 80% less likely to be dissatisfied with a credit union than with a big bank."
All of the above means that instead of bailout for big banks, you do bailout for the PEOPLE. #BailoutPeopleNotBank
( I love my credit union. Image #IDU_20230313_224723. )
List of credit unions to choose from:
• Canada at https://ccua.com/about-credit-unions/facts-and-figures/largest-100-credit-unions/
• United States at https://en.wikipedia.org/wiki/List_of_credit_unions_in_the_United_States
Source and details:
• https://en.wikipedia.org/wiki/Credit_union
• https://blog.glia.com/4-major-differences-credit-unions-banks/
Alternative 3. SUPPORT SMALL BANKS. Manage the failure of big banks.
After the big banks are closed and the small banks are supported, you get a stronger economy. Simply because the increased healthy competition promotes innovation and lowers the costs of services from the banks. In other words, your costs go down. In turn, your profits go up.
By "manage the failure of big banks" I mean for example, but not limited to, the government takes full control of the big banks. Break their assets into small and equal parts. Redistribute those equal parts to appropriate small domestic financial institutions. Including both small banks and small credit unions.
( Logo frequently used by credit unions. Image #IDU_20230313_224829. )
Alternative 4. Alternative solutions by Ellen Brown.
In this 24 minutes video, Ellen Brown and Corbett Report discuss both the challenges and alternative solutions at:
• https://www.corbettreport.com/solutionswatch-banking/
___• Backup 1 at https://odysee.com/@corbettreport:0/solutionswatch-banking:f
___• Backup 2 at https://corbettreport.substack.com/p/alternative-solutions-to-the-banking
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Alternative 5. MIX.
A mix of alternatives 1, 2, 3, 4 above.
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What is FIAT?
( Meme. Image #IDU_20230315_223120. )
Fiat money is a type of currency that is not backed by a commodity, such as gold or silver.
According to Murray Rothbard, fiat money is "legalized counterfeiting"
• ISBN 978-0-945466-17-8
___• https://en.wikipedia.org/wiki/The_Case_Against_the_Fed
According to Saulius Muliolis, the fiat is a "paper money which the government can print at will, which has historically very often ended with hyperinflation and causes market distortions even when it doesn't cause hyperinflation. Inflation that robs savings of their value and slowly depresses real wages. A central bank which manipulates that fiat money and its interest rates, causing the business cycle, enabling the growth of big government and the welfare/warfare state and encouraging cronyism."
Source:
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Why is the Federal Reserve BAD for working citizens?
• The Federal Reserve is rigged for the benefit of its exclusive members. For example, the member banks get paid 6% commission. Source at https://youtu.be/dg0aysCJZyc?t=6m54s
• The exclusive members of the Federal Reserve get pay dividend, they get special benefits, it is easier for them to get loans. Source at https://youtu.be/dg0aysCJZyc?t=6m20s
• The exclusive members can get stock in the Federal Reserve. But you can NOT. Source at https://youtu.be/dg0aysCJZyc?t=8m7s
• The Federal Reserve is a deceptive organization. They deceive you the working citizens. For example:
______• The Federal Reserve is NOT there to regulate the economy. Source at https://youtu.be/dg0aysCJZyc?t=8m46s
______• What the Federal Reserve really do is making plan for themselves. Not for you. Source at https://youtu.be/dg0aysCJZyc?t=9m14s
______• The members of the Federal Reserve take advantage of you the working citizens. Source at https://youtu.be/dg0aysCJZyc?t=9m28s
______• Federal Reserve first priority is to protect and serve their members. NOT you the working citizens. Source at https://youtu.be/dg0aysCJZyc?t=9m37s
______• The Federal Reserve does trillion of dollars of bailout for their members. Which is related to privatizing the profit for their members, but the Federal Reserve socializing the bailout costs to you the working citizen. Source at https://youtu.be/dg0aysCJZyc?t=14m34s
( End The Fed Book By Ron Paul. Image #IDU_20230315_001205. )
Book "End the Fed" by Ron Paul:
• ISBN 978-0-446-54919-6
• https://en.wikipedia.org/wiki/End_the_Fed
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Why big banks bailout are bad for you, the working citizens?
Former presidential candidate Ron Paul opposes the bailout plan.
"No. I just disagree with [bailout] because although they might get a little reprieve, ultimately what they're doing is destroying the dollar, they're inflating the currency that is, since we don't have the money, they'll create this money and credit out of thin air which devalues the currency and which inevitably leads to inflation. And that's the tax and that's why the poor and the middle class eventually get wiped out when a country does this to their currency."
Source :
• https://www.npr.org/templates/story/story.php?storyId=94926280
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What Is Privatize Profit and Socialize Cost?
In summary, this strategy is really bad for you the working citizens
In details:
>Privatizing profits and socializing losses refers to the practice of treating company earnings as the rightful property of shareholders and company losses as a responsibility that society must shoulder. In other words, the profitability of corporations is strictly for the benefit of their shareholders. But when the companies fail, the fallout—the losses and recovery—is the responsibility of [YOU] the general public.
Source :
• https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp
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Questions
• If in 2023 or later someone tries again a bank bailout scam, will you get fool into it?
• Will you support big banks bailout or not?
• What are the other alternatives to bailout?
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List of Credit Union
Canada https://en.wikipedia.org/wiki/Credit_unions_in_Canada
United Kingdom https://en.wikipedia.org/wiki/Credit_unions_in_the_United_Kingdom
United States https://en.wikipedia.org/wiki/List_of_credit_unions_in_the_United_States
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Disclaimer
• This blog is about expressing my opinions, feelings, and thoughts. Nothing else. In other words, but not limited to, my blog is NOT a recommendation, NOT an advice, NOT a call for violence to self or others, NOT an endorsement. If you need recommendation of any kind, such as but not limited to, medical or legal recommendation, I suggest considering asking an appropriate professional to your liking. I suggest choosing one without conflict of interest.
• I am NOT affiliated with the author(s), or product(s), or service(s) in this blog
• I do NOT have a conflict of interest with the author(s), or product(s), or service(s) in this blog. I am not a sales representative of those.
• My opinions, feelings, thoughts expressed in this blog are my own. NOT those of a company.
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Blog Number
IDU_20230313_213848
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