Money in the bank.

I believe that banking institutions are more dangerous to our liberties than standing armies.  Thomas Jefferson

The central bank has a lot of talk these days, some saying it is needed and some saying it is not. My personal view on banking is what follows.

     Everyone wants to know that their money is safe from those who would try to take it by force. But if you are adding your money into the banking system you are essentially allowing the bank to take your money and give it to someone else with the promise that if you should ever need your money they will just take it from someone else to give to you. This is what our banking system is today borrow from one to give to another. How is this wrong and what could go wrong are easy to explain just look into history and you will find bank runs, people running to close out their bank held accounts for fear of the bank running out of money. In all actuality they are causing the very act they were afraid of. The first people to get their money are fine, but what about the people at the end of the line, since the bank doesn't actually hold the money that it has, they cannot have enough money in their vaults to pay back to everyone. This problem can be reduced or erased by keeping funds and assets in your own home, yes they are susceptible to theft but if you think about it, it being in the bank is kind of theft everyday. Keeping large amounts of cash or precious metal in your home can make you a target for theft but so can the Mercedes in the driveway or the boat in the garage.I would still rather have the cash and metals in hand in case of a banking collapse than to hope I can retrieve it all when the crash happens.

     When you open up your accounts with certain banks they tell you of the fees and penalties of overdraft and low balances and things of that nature, and they usually tell you that your checking or savings accrues interest, very very small amounts of interest, but it gains a little on every dollar everyday or at least on the balance at the end of the fiscal year. But why when I take out a loan from the bank do I pay a much higher interest back to them, they are borrowing my money everyday for other people, why can I not say that I want a certain interest collected on my money? What if you could? Would you jack it up high or would you try to stay competitive to attract more borrowers therefore gaining more interest? In essence what you are contemplating is a free banking system. One that allows individual banks to compete with each other, therefore giving the consumer the best price with their choice.Why is this system not in place now? Because we have a central banking system and they regulate and mandate what must be done by all other banks, they force interests rate way down for too long until the entire system is strained and we burst the false prosperity bubble. An example of the free banking system goes like this, Banks A, B, and C all have checking accounts, which you need,
Bank A says they can give you an account with no start up fees but you must have a minimum balance of $100 at the end of each month and charge you $12 a month to use their bank.
Bank B has an account for you that is no start up fees, no minimum balance and they charge only $5.00 a month to use their bank.
Bank C has an account that is no start up fees, no minimum balance and they do not charge you to use their bank. 
Which would you choose? Me personally, I would choose C, they are willing to let you use their bank so that they can use your money to make themselves money on interest owed by the loans they give out. Sounds simple right, well hang on there tiger, it gets better.

     What if we had competing currencies? Read this article and see how a competing currency could affect the markets, http://lewrockwell.com/paul/paul766.html.
      What if your state had its own monetary system and its own printed and coined money. It could compete with other states currency and would give the user a wide array of buying, saving and lending options.
A state money is not unheard of, before the federal reserve was created most states had their own currency and it would be accepted in most other states.The idea of competing currency and the return of the gold standard are of major importance to understand and the implementing of these policies could affect our economy in the most positive way. If we could just return to a gold standard, a dollar backed by real gold and silver, we could make our money go further in the long run and could again begin to compete in the world markets without borrowing money from other countries.

Money is NOT the root of evil, it is the cause of a lot of it but not the root. The root of the evil of money is value and greed.  when you value the money in which you hold, you want even more of it. When the value of money wasn't as high  as it is now, people valued hard work and the result of the job they did, they took pride in what they did. When we change the value that we hold for the amount of digits in our bank accounts and instead put that value into the people. To me the importance of money is not as important as the value of the human being.