Is a revolutionized banking system on the horizon?

2014-09-20T10:26:19-04:00

Does a banking revolution need to happen first; or is that putting the cart before the horse?.... meaning, does a tax revolution need to take place first? Personally, I think the reformation is in the heart of the American people! http://www.spentmovie.com

It's Time For Change

"Spent: Looking for Change" follows the stories of everyday Americans who earn, save, and spend money but don't have access to some of the financial tools most take for granted. Learn more at: http://www.spentmovie.com

Response by CW5 Private RallyPoint Member made Sep 22 at 2014 8:43 PM

2014-09-22T20:43:04-04:00

Will Apple Pay be a step in that direction?

Some changes I think are coming down the pike:

- Eliminate pennies, maybe nickels too

- Eventually eliminate all currency, as we'll pay for everything with a phone, a card, or something similar (a wristwatch?)

Those are just some ideas. I think our country could save an awful lot of money by making a few simple changes -- eliminate pennies, for example. And save enormous amounts of money with further changes. It will take some time, but it can be done, IMHO.

Response by MAJ Robert (Bob) Petrarca made Sep 22 at 2014 9:34 PM

2014-09-22T21:34:50-04:00

The second American Revolution needs to happen period for we the people to regain what our government keeps taking away from us. We need to get people into office that can make real, honest and informed decisions that take EVERYBODY into account not just the wealthy that can buy favorable legislation.

Response by MAJ Private RallyPoint Member made Jan 9 at 2015 1:57 AM

2015-01-09T01:57:31-05:00

I've heard and read about a few scenarios of the American financial system crashing, usually due to high government debt, some natural catastrophe, new world order...whatever.

The system as we know it is not going to truly crash it will slowly transform and centralize.

The key to this conclusion is the realization that the FED is not a government institution but a private one, and it is designed to make a profit. Now the guys that came up with this, made it happen, and are continuing to prop it up are at the epicenter of the global financial system.

(I know I thought that was CRAZY when I found out, but google the FED and it's history and find out who owns the controlling shares (or which banks do) then find out how the Board of the FED is structured)

Yea, I know it sounds like some "right wing crazy conspiracy" so I'm not trying to draw anyone into some conspiratorial spiral but just look it up.

Response by SSG Gerhard S. made Jan 9 at 2015 12:26 PM

2015-01-09T12:26:03-05:00

I certainly hope so. It would be great to get back on a solid money system... by money I mean metals. In doing so, we would take away all the currency manipulations we encounter with a central banking authority responsible for deciding how much our money is worth, and setting artificial interest rates to regulate the amount of dollars available in the system. These bankers come from an inherently flawed perspective that relies on ever increasing inflation to promote more spending and debt.

Interest rates should be set by banks through market competition, and the value of our money (metal's based) should not be determined by fiat, but rather by the willingness of 300 million Americans to either save it, or spend it. Any such transition would be painful, but the benefits would be well worth it. Take the power from the Bankers and their Political cronies, and transfer that power to the consumers.

Response by SSG Gerhard S. made Jan 10 at 2015 7:32 AM

2015-01-10T07:32:40-05:00

The tax change would be easier, and quicker to implement with something like the Fairtax. http://fairtax.org/. Disentangling the banking system from our government is a greater task in my opinion.

Pass the Fair Tax | FAIRtax.org

FAIRtax.org

Response by CW5 Private RallyPoint Member made Jan 29 at 2015 3:09 PM

2015-01-29T15:09:50-05:00

I agree, PO2 Jeremy Spears. First step is to eliminate debt and buy things we need (then want) with money we have. Then save! It's old-fashioned, but it would be revolutionary to see Americans live like that. I don't think it will ever happen because we have advertisers trying to convince us - every day - that we need the newest car, computer, phone, tablet, clothes, etc., etc., etc. That's a powerful force.

It's good to see that the linked site has a separate section for veterans.

Response by SGT Steven Eugene Kuhn MBA made Jan 29 at 2015 3:12 PM

2015-01-29T15:12:39-05:00

Loved the film, thank you.