Yes. It gets a lot of things wrong with regards to that. It tries to reform the banking system. The banking system is 100% complete fraud, through and through. We must eliminate fractional reserve banking. Completely.
I think we can do this quite easily by moving into a crypto barter system, where we have asset backed cryptos, which reduce the need for an intermediary to barter (money, aka silver, gold, tobacco, whatever). We do need a stable intermediary though, which could be a gold or silver backed crypto (or anything else that is stable, divisible, portable, physically exchangeable, storable indefinitely, etc.).
Well it starts out to say that it amends the Federal Reserve Act, which immediately smacks of putting a different face on the same old thing.
Yes. It gets a lot of things wrong with regards to that. It tries to reform the banking system. The banking system is 100% complete fraud, through and through. We must eliminate fractional reserve banking. Completely.
I think we can do this quite easily by moving into a crypto barter system, where we have asset backed cryptos, which reduce the need for an intermediary to barter (money, aka silver, gold, tobacco, whatever). We do need a stable intermediary though, which could be a gold or silver backed crypto (or anything else that is stable, divisible, portable, physically exchangeable, storable indefinitely, etc.).