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If RP started a RP Bank of Liberty - Would you participate?

Submitted by Ralph Waldo on Thu, 02/12/2009 - 09:00
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Starting our own bank with low cost loans and low interest credit cards would consolidate our economic power as well as provide revenue to the liberty movement.

If the CFL started a RP Bank of Liberty - Would you participate?

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fractional reserve

Submitted by 95687-for-rp on Thu, 02/12/2009 - 17:01.

would it be a fractional reserve bank?

not that it makes much difference since i currently bank w/ fractional reserve banks.

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I pledge, do you?

wonderful Idea

Submitted by henri on Thu, 02/12/2009 - 16:56.

would we be depositing gold,coin only or would paper (fiat) be accepted?

You could get away from the credit reporting compaines

Submitted by meekandmild on Thu, 02/12/2009 - 16:15.

and use the real application of a persons creditworthiness

Credit Union is the way to go... NO FED CONTROL!

Submitted by TheTruthWillSet... on Thu, 02/12/2009 - 16:07.

"All great truths begin as blasphemies."

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"Human beings with love and compassion are some of the most beautiful creatures in the universe... Those without are a plague on us all."

Credit Unions are still

Submitted by jaojee on Thu, 02/12/2009 - 16:40.

Credit Unions are still highly regulated. I don't know the details, but I worked for a company once that provided software to run credit unions and it had all sorts of regulations built in to the system.

Anyway... Why a new bank? What we need is prosper.com but with GoldMoney instead of dollars. That's something I've been thinking of doing.

Yeap good idea

Submitted by Ralph Waldo on Thu, 02/12/2009 - 16:08.

!

Yep

Submitted by meekandmild on Thu, 02/12/2009 - 16:01.

.

Sure, It might follow something like this

Submitted by Texas Little El on Thu, 02/12/2009 - 16:02.

http://www.wimp.com/freehelp/

http://www.smava.de/

To read more about Smava, read this link
http://www.wiseclerk.com/group-news/uncategorized-smava-star...

I was reading about this 2 days ago and thought it was something that the patriot community could work with.

A dedicated server with high security protection would work great.
The loans wouldn't be fractional reserves since it would be 1000's of people determining how much and who they could loan the money too, not a huge bank with a financial officer who has an interest in making as many loans as possible.

Would Ron Paul engage in fractional reserve banking?

Submitted by Henry on Thu, 02/12/2009 - 15:48.

He does not endorse fractional reserve banking and debt based money, so I seriously doubt that he would start such a bank or allow his name to be associated with such a fraud. His association with such a venture would discredit his entire honest money position.

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"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley

Send the deposit slip

Submitted by Misfit4Peace on Thu, 02/12/2009 - 15:45.

Yes...We would...because I know if RP does it..it will follow the True Laws and not some half assed baked idea the feds have of what a bank should be and be allowed to do.
I have not come this far and stayed this long because I have any doubt..I have only faith that Ron Paul is, and should go down in history as Americas new Founding Father....one that started a new wake up call.
I have faith in God-Christ-The Constitution-and Ron Paul
Some may not think thats much..but to me..its beginning of everything

Freedom is another way to God...A corrupt government is a straight way to hell.

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I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina

Depends on what they have to offer.

Submitted by Kevin Tuma on Thu, 02/12/2009 - 15:41.

If the C4L opened its own Dollar Store, whether or not I would be a regular shopper would depend upon its location and its ability to compete with Walmart.

What I actually want most in a bank is security. I want something that's like a big bank vault made of concrete bricks, that I know will never lend more money than it has, never associate with the Fed or the FDIC, allows no electronic contact with my accounts (even from me) unless I explicitly sign a paper requesting it, and so on.

Large and very secure safety deposit boxes would also be a good feature.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

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SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

Electronic banking could be done with a minimum number of

Submitted by Ralph Waldo on Thu, 02/12/2009 - 15:44.

locations.

I believe RP could find the right people to implement the best policies for it's customers. It could even be done as a non-profit!

I actually don't like electronic banking.

Submitted by Kevin Tuma on Thu, 02/12/2009 - 15:46.

I don't think it's secure enough.

I like the idea of a bank specifically designed to store coins and valuables--tangibles. And to protect the FRNs you deposit as if they were real money.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

—

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

I understand your thinking

Submitted by Ralph Waldo on Thu, 02/12/2009 - 15:48.

But as far as I know all banks now do electronic - don't they?

Well, there's a niche.

Submitted by Kevin Tuma on Thu, 02/12/2009 - 15:51.

A nineteenth century technology bank that really guards your wealth.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

—

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

Where?

Submitted by Ralph Waldo on Thu, 02/12/2009 - 15:53.

!

bump

Submitted by missdavenport on Thu, 02/12/2009 - 11:36.

______________________
*** God bless Ron Paul ***
* Ron Paul For President *

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______________________
*** God bless Ron Paul ***
* Ron Paul For President *

Would they practice usury?

Submitted by oruval on Thu, 02/12/2009 - 10:40.

or would the loan process be different?

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Find out if you have a local militia - http://www.uaff.us/

Real Patriots for 9/11 truth -- http://patriotsquestion911.com/

I would consider it IF..

Submitted by HotRodHawkins on Thu, 02/12/2009 - 10:24.

the bank was completely transparent. If a bank wants to participate in the privilege of fractional reserve lending, as our current system is set up, then it's records must be completely open to inspection by anyone.

No lies, no obfuscation, just the ability for anyone to know the bank's financial standing at any time.

interesting

Submitted by legalizeliberty on Thu, 02/12/2009 - 09:49.

I would love to see our own money too with Ron Paul and Adam Kokesh on it.

"(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies." ~ Michael Nystrom
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139

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Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul

I would love to see the CFL explore some more of these

Submitted by Ralph Waldo on Thu, 02/12/2009 - 10:17.

activist initiatives. I realize RP can't do everything himself but within the ranks of his supporters there are all kind of talents.

oh and how about

Submitted by legalizeliberty on Thu, 02/12/2009 - 10:20.

Daily Paul Dollar with Michael Nystrom on it(^_^)

"(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies." ~ Michael Nystrom
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139

—

Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul

In a heartbeat.

Submitted by LastAmericanStanding on Thu, 02/12/2009 - 09:08.

Already pulled out of my bank (except for a little in a checking account) so the move would be quick.

How could this endeavor be sabotaged? It would certainly be an unpopular thing among the other banks. Since we have the knowledge of how they operate, I have no faith that they would let it prosper.

I may not know the truth, but I know when I'm being lied to...

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I may not know the truth, but I know when I'm being lied to...

I think a lot of people would!

Submitted by Ralph Waldo on Thu, 02/12/2009 - 15:38.

!

Well we would be considered a very small bank in the beginning

Submitted by Ralph Waldo on Thu, 02/12/2009 - 09:12.

so I don't think it would be a lot of opposition and we could raise our own money for start up funds.