Inksnation White Paper (The Begining)
I believe that banking institution are
more dangerous to our liberties than
standing armies...The issuing power of
money should be taken away from the
banks and given to the people to whom it
rightfully belongs.
Before the rise of the state-controlled money, cash was what people accepted. If they accepted salt, then salt it was; if cowry, then that it was; if gold then gold it was. No state dared controlled money and money worked better.
A Look Into The future Of money
According to a study of 775 fiat currencies, about 620 eventually went back to zero. This is largely why some societies, are outrageously richer than others. And even within "rich societies", it's largely why some are dealt the wrong hand financially.
While there are several crucial flaws in our monetary systems responsible for these failures. There are, however, much credit to be given to this system. as a matter of fact, the idea of central banking began as a life-saving attempt by the US congress, to salvage the American banking industry, which was at the brink of collapse at the time. That act was a success which has now become a global practice. Also, thanks to commercial banks, there has been no time in history, where you can easily gt a loan as you can today.