#410: The Fed Is Trying To Bring Down The European Banks with Tom Luongo
TFTC: A Bitcoin Podcast
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How to Recapitalize the United States
There's still way too many banks in the United States. There's 350 million people in this country who have, what, 14,000 banks? You know? So we could have the banking sector in the U.S. and we'd still have enough banks to do every, to all the lending we need,. They'll do the rational lending we need to do. And then at the end of the quarter, go, okay, well, you owe me five tons of gold, and I've got a, you know, plus two tons because I owe three tons of this guy over here"
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