Oh, and the fractional reserve lending rules which allow banks to lend out 10 times the actual deposits their customers (meaning us) have put in them should be rescinded. There should be NO fractional reserve lending allowed at all by banks anywhere. They should only be allowed to lend out 1 dollar for every original dollar deposited into their accounts....and only once. At present, they end up doing it about 28 times at a 10 to 1 ratio, plus interest on top of that!

Real deposits of $100 x 10 loans of $100 each x 28 repeats of the same loaning cycle = a final total of $28,000 PLUS the interest created....and all of it came magically out of the original $100 in real deposits. The banks created it through creating debt. How long does that process take? Not too long. And that is why a $20 gold piece once bought one hell of a lot more in the USA or Canada than your $20 paper bill does now...because the money supply has been inflated about 280 or more times (plus the accrued interest) through lending it out over and over again and drawing interest on all those loans while inflating the currency.

To end that fractional reserve banking practice which is really a giant ponzi scheme would utterly change the present financial situation, and it would restore the value of our currency to something real with enduring and dependable value.