I set up this website because there is a need for a comprehensive, yet simplified discussion about what Free Banking really is, in all it's manifestations. Free banking gives the customers, the lenders if you will, the best deals. And free banking gives borrowers, the banks themselves who borrow deposits, a better deal as they can compete on a level playing field with the big banks.

The bad big banks want to take from mainstream banks and would take over from mainstream banks completely if they could. In fact, the credit crisis has seen the big banks survive at taxpayer expense, while the mainstreet banks have held bad real estate that they cannot get rid of, and that has weighed on these banks, with many of them closing. Mainstreet banks must try to offer free checking and savings, and they must be more aware of potential bubbles, being very careful in their underwriting for any long term loans, whether they be residential or commercial lending. The stakes are too high, and it is better for these banks to lose potential lending opportunities than to establish bad loans that will sour when the bubbles burst.

It is my hope that a discussion of free banking will go a long way in giving us freedom from the Fed and those big banks that control the Fed and the behavior of the central banks. This behavior is not in the interest of mainstreet. Anyway, here is my Business Insider article, the first one, that exposes these big banks for what they are based on a famous movie from the past.





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