The End of Banks Banks are a kind of legal criminal enterprise. They create money in the form of bank deposits that are many times the cash they hold. They then lend out those deposits to earn interest. If you or I did that, we would be put in jail. There will be a massive disruption of the banking system soon. Within a few years, humanoid robots will be able to build houses at just 10% of the cost of construction today. The price of existing housing will drop even more. People will default on mortgages and the banks will collapse. Instead of giving banks another bailout, we could use the opportunity to eliminate them altogether. Banks exist today because they provide a safe place to keep money, and because people need mortgages and loans. As an alternative, governments could hold cash on deposit to keep it secure. Mortgages will become unnecessary when real estate becomes cheap enough to buy through installments or rent-to-own plans. Banks add instability to the economy since they are founded on fake money that can disappear, as it did in the subprime loan collapse of 2007. If cash were the only form of money in the economy, such collapses could not occur. We would have a more stable economy and a better world without banks.