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While surfing the web about the future of money I came across pages that arranges loans between private people. I think that is a really good idea. The banks can provide companies with money; people can provide each other with money. As in the moment you get very little return when you put your money on the bank whereas the banks get very cheap money from the central banks. Also a credit is still not cheap. The banks make a lot of money.
With private loans the two parties meet in the middle. People who have money get a more; people who haven’t money pay less to get some. There is no need for a bank between these two people. Of course there is the problem of not getting back your money. So you should make a contract with your partner and only do such a thing if you are aware of the risk. But as we have learned in 2008 banks can also collapse and your money is gone.
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