Posted on 10/10/2014 8:14:00 AM PDT by Abakumov
There was a time, not really all that long ago, when the local banker was a pillar of the community. A good relationship with him (and it was always a him) was essential to every business owner. Not only that, every potential homeowner had to trek down to his office in hopes of getting a mortgage. Countless workers walked into the branch every week to cash their paychecks, make deposits to a Christmas Club account and more.
That world doesn’t exist anymore....
As the reality begins to sink in, the big banks will use their political clout to try and stop the transformation. They will pass laws to make it harder for the non-banks to serve customers. They will look for officials like the District Attorney who prosecuted the telephone entrepreneur for making “absurd and deliberately misleading” statements about new technology.
(Excerpt) Read more at creators.com ...
Imagine A World Without Banks
++
Imagine a world without buried styrofoam cooler chests.
New world / BLOCKCHAIN / BITCOIN / CRYPTOCURRENCY FTW!
Alternate title: Imagine a world governed by Sharia ...
Mojo Nixon is OK with this.
crypto has been taking a beating ever since China locked it down in their country. BTC is a hard choice as to a buy or sell. LTC is flat-lining. Lot of “whales” out there waiting to take advantage of noobs.
Very comfortable buying BTC in this price range. Adoption is global as well as exponential. A key hedge against the inevitable dollar collapse.
China is the front runner in BTC Adoption. Late in China now but when their awake they dominate the transactions.
Watch in real time.
Thanks for the link (bitcoin).
Sure thing :)
“There was a time, not really all that long ago, when the local banker was a pillar of the community.”
I wonder when the author thinks this period of respectable bankers was.
Usury is the bankers stock and trade. Lets consider history’s perspective on it.
Israel 1400 BC - 1000 BC Usury=theft
Israel 445 BC - Nehemiah condemns it
Greece 400 BC - Plato condemns it
Greece 350 BC - Aristotle condemns it
Rome 200 BC - Cato condemns it
Rome 70 BC - Cicero condemns it
Rome 10 AD - Seneca condemns it
Rome 29 AD - Christ likens banking/usury to theft
Rome 325 AD - First Council of Nicaea condemns it
Rome 5th Century - Early Church fathers condemn it
Europe 16th Century - Reformers condemn it
Colonial America had no banks at all, and in the 17th century most condemned it.
Late 18th century - Founding fathers condemned bankers
1834 - Andrew Jackson calls the bank a greater curse than a golden calf to Israel
1913 - the federal reserve act was railroaded through contrary to law and becomes one of the most reviled acts in history
Under Elizabeth Warren, she would be wearing a burka and be some man’s property .... so at least we would not have to see her face ...
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