Funny Meme
Funny meme about the big bank bailouts scam
• https://i.imgflip.com/4vshfq.jpg
Four Alternatives to Big Banks Bailout, Fed, and FIAT
Alternative 1. Abolish the Federal Reserve. Then replace the FIAT with a DECENTRALIZED crypto.
Five steps:
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A total separation between banking and state. Source at https://youtu.be/dg0aysCJZyc?t=13m15s
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New ideas. Source at https://youtu.be/dg0aysCJZyc?t=13m25s
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A new rule about NO fraud. NO lies about the currency value. Source at https://youtu.be/dg0aysCJZyc?t=16m04s
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Abolish the Federal Reserve. Get rid of it. Source at https://youtu.be/dg0aysCJZyc?t=16m52s
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Replace the dept-based FIAT currency with a really DECENTRALIZED cryptocurrency (crypto). NOT a centralized crypto. Definitely NOT the centralized Central Bank Digital Currency (CBDC). Examples of really DECENTRALIZED cryptos which are not dept-based:
______• Bitcoin at https://bitcoin.org
______• Monero at https://www.getmonero.org
Alternative 2. Bail out the big banks. But conditional to fully converting them into big CREDIT UNIONS.
Credit unions are really good for YOU the citizens. Because they give all their profits to YOU as their customers. In other words, YOU the local and domestic citizen get your credit union profits. In comparison, most banks profit are often hoarded by secret & foreign shareholders. In other words, credit unions value YOU the people above money.
"In the US, public trust in credit unions stands at 60%, compared to 30% for big banks"
"Small businesses are 80% less likely to be dissatisfied with a credit union than with a big bank."
All of the above means that instead of bailout the big banks, you bailout the PEOPLE
Source and details:
• https://en.wikipedia.org/wiki/Credit_union
• https://blog.glia.com/4-major-differences-credit-unions-banks/
Alternative 3. SUPPORT SMALL BANKS. Manage the failure of big banks.
After the big banks are closed and the small banks are supported, you get a stronger economy. Simply because the increased healthy competition promotes innovation and lowers the costs of services from the banks. In other words, your costs go down. In turn, your profits go up.
By "manage the failure of big banks" I mean for example, but not limited to, the government takes full control of the big banks. Break their assets into small and equal parts. Redistribute those equal parts to appropriate small domestic financial institutions. Including both small banks and small credit unions.
Alternative 4. MIX.
A mix of alternatives 1, 2 and 3 above.
Why is the Federal Reserve BAD for working citizens?
• The Federal Reserve is rigged for the benefit of its exclusive members. For example, the member banks get paid 6% commission. Source at https://youtu.be/dg0aysCJZyc?t=6m54s
• The exclusive members of the Federal Reserve get pay dividend, they get special benefits, it is easier for them to get loans. Source at https://youtu.be/dg0aysCJZyc?t=6m20s
• The exclusive members can get stock in the Federal Reserve. But you can NOT. Source at https://youtu.be/dg0aysCJZyc?t=8m7s
• The Federal Reserve is a deceptive organization. They deceive you the working citizens. For example:
______• The Federal Reserve is NOT there to regulate the economy. Source at https://youtu.be/dg0aysCJZyc?t=8m46s
______• What the Federal Reserve really do is making plan for themselves. Not for you. Source at https://youtu.be/dg0aysCJZyc?t=9m14s
______• The members of the Federal Reserve take advantage of you the working citizens. Source at https://youtu.be/dg0aysCJZyc?t=9m28s
______• Federal Reserve first priority is to protect and serve their members. NOT you the working citizens. Source at https://youtu.be/dg0aysCJZyc?t=9m37s
______• The Federal Reserve does trillion of dollars of bailout for their members. Which is related to privatizing the profit for their members, but the Federal Reserve socializing the bailout costs to you the working citizen. Source at https://youtu.be/dg0aysCJZyc?t=14m34s
Why big banks bailout are bad for you the citizens?
Former presidential candidate Ron Paul opposes the bailout plan.
"No. I just disagree with [bailout] because although they might get a little reprieve, ultimately what they're doing is destroying the dollar, they're inflating the currency that is, since we don't have the money, they'll create this money and credit out of thin air which devalues the currency and which inevitably leads to inflation. And that's the tax and that's why the poor and the middle class eventually get wiped out when a country does this to their currency."
Source :
• https://www.npr.org/templates/story/story.php?storyId=94926280
What Is Privatize Profit and Socialize Cost?
In summary, this strategy is really bad for you the working citizens
In details:
Privatizing profits and socializing losses refers to the practice of treating company earnings as the rightful property of shareholders and company losses as a responsibility that society must shoulder. In other words, the profitability of corporations is strictly for the benefit of their shareholders. But when the companies fail, the fallout—the losses and recovery—is the responsibility of [YOU] the general public.
Source :
• https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp
Questions
• If in 2023 or later someone tries again a bank bailout scam, will you get fool into it?
• Will you support big banks bailout or not?
• What are the other alternatives to bailout?
Blog
More funny memes and disclaimer in my Blog at
https://www.minds.com/Francewhoa/blog/alternatives-to-big-banks-bailout-1482211002664620038
The real issue is not that they did not do the "right solution" for big bank failures. The issues is that banks fail by design and the real solution is to get rid of the scam called fractional reserve system and debt based FIAT currency system.
I agree that both the fractional reserve system (FED) and debt based FIAT currency system are part of the problem. Not part of the solution.
My related post about resolving the challenge with the FED. Titled: "Who OWNS the Federal Reserve? Who CONTROLS the Fed? RESOLUTIONS by RonPaulLibertyReport." Starting with a "total separation between banking and state" at https://greatawakening.win/p/16aT7see4X/who-owns-the-federal-reserve-who/
I still believe that credit unions better match the need of working citizens. Including credit unions with or without the FED and FIAT alleged scam.
I updated my post accordingly. Now I suggest four alternatives. The 1st one includes both:
Abolish the Federal Reserve. Get rid of it. Source at https://youtu.be/dg0aysCJZyc?t=16m52s
Replace the dept-based FIAT currency with a really DECENTRALIZED cryptocurrency (crypto). NOT a centralized crypto. Definitely NOT the centralized Central Bank Digital Currency (CBDC). Examples of really DECENTRALIZED cryptos which are not dept-based:
Bitcoin at https://bitcoin.org
Monero at https://www.getmonero.org
Related short 2 minutes video by G. Edward Griffin about abolish the Fed at https://rumble.com/v2d0ywq-do-not-audit-the-fed-abolish-it.-edward-griffin.html