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The gist of the problem is not banks, per se... but "fractional reserve" credit expansion by the United States (and other nation states) government.

Ever-increasing debt expansion beyond real underlying production growth is the root cause of monetary debasement over time.

Not "money printing," as is commonly stated.

The Federal Reserve is not the source of this credit expansion but, rather, the facilitator of ongoing Congressional misbehavior as the buyer of last resort of (unlimited) US government debt.

The great sleight of hand is the US government's ability to utilize the Federal Reserve to monetize it's own debt... covertly debasing the currency and stealing the purchasing power of its own citizens.

#Bitcoin fixes this.
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nobody 2y ago

At what point do citizens of the US take responsibility for continuing to vote candidates into office that want to

spend more and tax less, driving government debt to unsustainable levels, which will in the end force the Fed to monetize to stave off collapse?

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NoFate 2y ago

When they feel enough pain, the primary motivator of change. It has to get worse before it gets better.