It may not seem so to the hysterical Media, but people actually still have confidence in Banks. We are all still depositing cash, cheques and are still using ATMs, debit, credit cards and online banking. What we don’t have, is confidence in the banking systems, the stock market and the systems of credit brokering/exchange that are now manifestly broken.
The Financial System, in the spirit of Barack Obama, needs ‘Change’.
Money itself will still remain at the core of every society whether we like it or not but the system that distributes money, stores and manages wealth has seized up. It needs to evolve and become a necessary lubricant of society not a poison.
