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Jimmy Stewart Is Dead:. ENDING THE WORLD’S ONGOING FINANCIAL PLAGUE WITH LIMITED PURPOSE BANKING By: Alexa Singer. Overview. Who is Jimmy Stewart? Trustworthy, honest banker in the movie, It ’ s a Wonderful Life
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Jimmy Stewart Is Dead: ENDING THE WORLD’S ONGOING FINANCIAL PLAGUE WITH LIMITED PURPOSE BANKING By: Alexa Singer
Overview • Who is Jimmy Stewart? • Trustworthy, honest banker in the movie, It’s a Wonderful Life • Discusses interconnected financial, governing and political wrongdoings that overrun the financial system • Advocating for an Alternative Financial System: Limited Purpose Banking • Limited Purpose Banking limits banks, insurers, and other financial corporations to one job ONLY, converting them all to mutual fund companies, and includes a single regulatory body to verify, rate, disclose, and custody financial securities
Breakdown • FIRST HALF • Explains the problems of the financial plague • Introduces the GAMBLING idea • Describes qualifications • SECOND HALF • How to prevent a problem from happening again • Introduces his ideal solution: Limited Purpose Banking • To regain trust in banking industry
My Book Review • Fundamentally changed the way I looked at the economy, markets, and government • Persuasive, straightforward plan to restore economic prosperity • Easy to understand for a beginner • Spells everything out and defines terms • Disliked the bandwagonapproach • Tears apart the “corrupt” industry • Heavily critiqued CEO’s and well known economists • Believes his plan will “save the world”