/liberty/ - Liberty

Don't accept bailouts from the government. And stay the hell away from government-created bubbles.

Use the money to fund Rojava

>>15428

I'll just keep trading with the old currency and set up a new old bank where the old bank was.

>>15434

Pretty much this.

I'll trade in multiple currencies (probably BitCoin, Silver, and Credit), use fractional reserve banking responsibly (E.G. not lending out everything I own), and if I grow bigger than a certain region, I'd put a new executive in charge of half the region with the stipulation that I can make changes if necessary (and proceed to leave him the fuck alone so long as the revenue streams ain't wonky).

You pay me a flat fee based on how much of your money I have to store. You accrue no interest and your money isn't touched.

>>15531

So you're dealing in safety deposit boxes, not banking.

A bank's primary job is loaning money with the intent of getting larger returns in order to loan even more money down the line. You didn't think a bank's primary job was storing your cash, did you?

>>15534

>So you're dealing in safety deposit boxes, not banking.

I guess.

Why is the interest rates on savings accounts less than CPI? Why is the interest rate on CDs less than real inflation?

>>15428

I don't have the capital to start giving people loans.

Assuming I somehow did? Same shit most banks do, except that my loan process is more personal, with proper face-to-face transactions rather than over the phone, or worse, credit cards.

Gold standard

No interest

Whites only.