Friday, September 11, 2020

Think of a lease fee

The New Fed.  It i a valuable government lease paid for with barter.  Then the 2% sounds, a bit high, but OK, the deal sounds good if we get the 15 years. If we finagle this deal, I am sure banking money would follow, it is that valuable, and follow on well positive. Everyone is equally stuck with the fee, but have Due Process options for cash. The independent Fed is a huge  revival of banking and Swift.  

Most of us benefit if we get this Fed tax out of banking, it is not banking's fault and it is a really bad idea to stick the banks with it.  But we need bearer assets, it is not nice either to stick paper with this tax and bearer cash lets us keep active accounts.

Nothing to it, we can even put the current board in charge of the non profit. Let us face facts, government dunnit and we be stupid and we pay the price, but we get huge returns in autonomy from the banking vagaries of Congress. We break the impasse on secure identity.

A Due Process banker means it will follow the gradient to simpler, smarter banking.   Technology in the consumer's hand solves most of the Due Process complaints, they have protected access to  many many contracts.  Automated S/L keeps mos of mus in touch, up to date within our risk level. And it is cheap, as cheap as a search engine (which it is), and cannot be denied under Due Process banking.

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