I like your banking idea, although I don’t mind fractional reserve banking [but not as highly leveraged as most have done], it would be best if saving and lending was done on a very local level. Just like credit unions were supposed to work.
Interestingly, a small bank in CT or RI hadn’t had any defaults as of a couple months ago. Why? They didn’t lend to deadbeats and/or those with insufficient down payment. The bank Presidents reward? He was chastised by Fed authorities for not lending enough. Unbelievable.
I was asking about USD vs. Aussie dollar for example [shoulda bought at .64] So I take it you think the dollar will strengthen?
Cheers!
Not right away, but yes. Look what happened to the dollar index in September, 2008. That's nothing compared to what's coming.