Obama was not able to confront the banks in his first term. They were too powerful. Now he can. There is no third term. What can he do? What Roosevelt did was to sever the connection between investment banking and deposit banking. This is the key step in the regulation that will help.
But we all know that one man cannot do it all. We too have our part to play. We too can act and help create a better banking system. A system that serves us and not "them". A system that gets behind the betterment of our communities and our ability to make a living.
For - just as the web's social power is eating away at the machine media - did you enjoy Twitter last night! - Just as it is now eating away at Universities - So new tools and new ways of getting credit are emerging that give us back the power over our own destiny. If we use this new system, as millions did when Craigslist appeared, we will accelerate the shift that we all need. This is not a liberal idea. This is a liberty idea. This is about freedom and it is about the core of how business has always been run, until the last 50 years.
We have all had glimpses of Crowd Funding. But this movement is bigger than that. Just as Craigslist was only one of the vectors that weakened media or the Khan Academ is only a vector for schools. The new banking system is based on rules that are very different from the ones we think are normal. It is based on a much older culture of community.
The more we understand this new banking system - which is based on the very ancient rules of reputation and covenant rather than the new rules of alogrithm and contract (McBanking) - the more quickly we can get out from under the power of the banks as they are today.
This is why I have written a guide to help us understand what went wrong and what is happening to make credit very different and more human again.
You can Buy You Don't Need a Banker - To get Credit - here on Kindle. It is only $2.99 and is less than 75 pages.
I have an admission to make. For 25 years I was a banker - and was a big advocate of the gross error that we made which was to re-connect investment banking to deposit banking. Worse in those days I applied my skills as a strategic planner to this shift. So I am sorry for that BUT my past also means that I know a lot about the topic and I hope that part of my redemption can be that I helped take what I was part of building down.
This is the 2nd book in the series Trusted Space Books that are guides to the shift in society from a machine culture to a network culture. The first book - You Don't Need a Job - is the broad guide to the shift. The book that will follow Banker is You Don't Need Medicine - To be Healthy. The one that folows that will be You Don't Need a School - To get an Education.
I hope that this small book will help you find more freedom.
