What would a world without banks be like?

Moreover, they would love to have a ledger of each buyer's transactions, so they can figure out what to sell him or her next. So, their incentive is to throw in transaction-processing as more customer-bait – like free shipping or gift-wrapping. read more

The world would be a much better place without banks in their present form, in which they practice fractional reserve banking, which is an unmitigated fraud. For ease of understanding, I will refer to the two major banking functions as "depository institutions" and "lending brokerage" or DI and LB. read more

Yes, there is a country without banks as we know them, where no one knows the meaning of subprime, Alt-A, securitization, HFT, prop desks, insurance---portfolio or otherwise---CDS', CDO's, CDO^2's, CLO's or Too Big to Fail. read more

A world without banks is coming closer. A new report by the Massachusetts Institute of Technology (MIT) investigates how legacy banks will unquestionably come to an end and the possibility of the future ‘invisible banking’. read more