What is the solution to the banking crisis?
asked by mbarkhau
Alternative proposals, that emerged from last endorsing round
The different proposals do not represent the best proposals, nor the more popular.
Strictly speaking they are the pareto front of the set of proposals.
You can think of it as the smallest set of proposals such that every participant is represented.
View Full TextProposal Abstract
Put money back on a commodity basis (get rid of the fiat money ) and increase the deposit to loan ratio to nearly 1:1
Proposal
The largest source of the problem is "Fiat" money and fractional reserve banking -- both of which create money out of thin air.
Real money has intrinsic value that is why in times past it was usually rare metals and gems. For the most part money is a universal barter commodity
example ... I have corn and want lumber the lumber guy wants a pig the pig farmer wants chickens the chicken farmer wants corn ... so I have to take my corn get a chicken(s) trade them to the pig farmer for the pig and then take the pig to the lumber guy to get the lumber.
instead of all that we use gold as a universal item we all agree has some value and use it to value the other items ... "I give the lumber guy the amount of gold that he needs to obtain a pig."
Since gold has a limited supply (at least it has to be mined or created) it can't simply be made from thin air its self regulating and more or less stable.
Our biggest problem comes from this disconnect of money from an actual commodity exasperated by the banks legal right to loan out 10 times what they have on deposit.
In short put money back on a commodity basis (get rid of the fiat money ) and increase the deposit to loan ratio to nearly 1:1
Endorsed by:
Mark vilfredo Generation 17: Phase: Writing New Proposals
What should you do now? Write new proposals. How?
You can insert brand new ideas;
rewrite previous ideas (maybe trying to explain them better);
recover old ideas from the history of the question;
try to write a proposal that represent an acceptable compromise between different winning proposals. If you do this well, the new proposal will be endorsed by both the proponent of the first and of the second proposal, and you will have effectively joined those proposals.
Number of authors of new proposals: 0
Number of proposals written so far: 1
Propose an answer
Note: Proposals can be of any length and may include an abstract of up to 500 characters in length if you wish. When proposals are listed at the voting stage the abstract will be displayed if one exists, otherwise the full proposal will be displayed. For proposals longer than 1000 characters the abstract is mandatory.
Time since first proposal on this generation: 140 days, 21 hours and 50 minutes.
NOTE: 1 days must have passed between the first proposal and the moment when the questioner can move the question on.
View History of The Question. Here you can see who voted for what, what proposals were eliminated. You can recover past proposals that you think should not be lost. Maybe explaining them better.
