What else can we do with the $1.25 trillion we’ll save by eliminating these obsolete financial middleman parasites? A lot – Published on Washington’s Blog, by Charles Hush Smith, Feb 21, 2014.
… This entire parasitic middleman sector could be replaced with automated digital clearing houses and crowdfunded or non-bank loans. Why do we need banks to pay bills online? We don’t; any clearing house could charge a small fee for the transaction.
Why do we need banks when loans can be crowdfunded? If we can invest money in start-ups via Kickstarter, Indiegogo, RocketHub, AngelList, etc., why can’t we own a piece of someone’s auto loan or home mortgage? Continuer la lecture de « Banks Are Obsolete: The Entire Parasitic Sector Can Be Eliminated »