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To: FreeStateYank
But where to keep it? In the freezer, lol? Also, what currency?

It would be really nice if there was a "bank" that could keep cash safe, and charge a fee for the service.

This bank would not be able to lend the money out, it would just be safe in their vault.

The owner of the money could then decide what investment strategies they wanted to do with their capital, and banks wouldn't be able to use that money as part of their fractional reserve to enslave others to debt.

It would be the same concept as a storage facility for your household goods - except it would be to store your money.

I'm not sure what you mean by "what currency". If you mean whether to hold U.S. dollars versus another currency then I would tend to hold the dollars.

46 posted on 09/30/2009 1:01:00 AM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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To: politicket

I like your banking idea, although I don’t mind fractional reserve banking [but not as highly leveraged as most have done], it would be best if saving and lending was done on a very local level. Just like credit unions were supposed to work.

Interestingly, a small bank in CT or RI hadn’t had any defaults as of a couple months ago. Why? They didn’t lend to deadbeats and/or those with insufficient down payment. The bank Presidents reward? He was chastised by Fed authorities for not lending enough. Unbelievable.

I was asking about USD vs. Aussie dollar for example [shoulda bought at .64] So I take it you think the dollar will strengthen?

Cheers!


47 posted on 09/30/2009 3:39:41 AM PDT by FreeStateYank (I want my country and constitution back, now!)
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