Reply #27: I have an economics degree from Texas A&M, which I earned in 1975. I have taught

[plumbob]

economics over the last three decades.

I don't even know where to start with this response, but let me say this: we quit banking of any sort in 1978, and we have prospered from not having to pay to use our own money, simply put.

Banks exist to capture dollars between workers and their desires. A house can be built once, but owed on and paid for many times to someone who had nothing to do with its building at all. That's one simple example of the harm that banks do.

Austerity packages are another tool that the banks use with money powered by the fed to deprive millions of their living and property as well. Since the mid-70s, real income in this country has fallen steadily, and it is due to the banks and their partners, the Fed, convincing people and business that they actually need a credit-granting agent of some sort, when all true value is created by production, never by finance.

At any rate, you go ahead and cheer for them. I will continue to avoid them, teach my students how to do so, and will be better for it.

Have a good day.