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<p>[QUOTE=&quot;Cloudsweeper99, post: 1203622, member: 3011&quot;]Your comment is exactly the type of rhetoric that I was writing about.&nbsp; The game is to throw out every conceivable horror to frighten people into accepting perpetual poverty to preserve the banks.&nbsp; But it didn&#039;t happen in Iceland.&nbsp; And there have been large and widespread bank failures in the US before in the 70s and 80s.&nbsp; The problem with what you write is rooted in the belief that the way things are is the only way they could possibly be.&nbsp; And it isn&#039;t true.&nbsp; The FDIC can easily cover all losses without borrowing by bringing back the US Note.&nbsp; And no, it will not be inflationary because the addition of money to the economy is offset by the subtraction of FRN denominated debt.</p><p><br /></p><p>But it takes a new and open mindset to see the solution.&nbsp; Luckily for Iceland, the people there understood better than the people and economists in the US.[/QUOTE]</p><p><br /></p>

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