[Egon]

Private individuals could open virtual electronic banks directly with the Fed. These virtual banks would be purely electronic and entirely managed by the Fed. Individuals would not have any access to or control over them.

Ignoring for the moment that you signed up today, and immediately posted a vanity (however articulately)...

I think this paragraph accurately sums up the first problem I have with this idea.

[Fierce Allegiance]

Private individuals could open virtual electronic banks directly with the Fed.

This is the part I have a problem with. If it's worthwhile, why can't a business do this. I do not want the fed gov't having control over my money any more than they do now.

[TheNightFly]

I'm not suggesting we open bank accounts with the Fes, I'm suggesting we open our own banks.

Now then, if you were/are an employer, how confident would you feel depositing money into your employees bank knowing that they could abuse it? That's why individuals should have virtual banks but, not manage them.