Get Rid of Banks and Build Up a Modern Financial World

The financial crisis has revealed fatal institutional and structural deficits at the finance market. Politics has reacted to the financial crisis with a sea of legal bills and regulations. But all regulating efforts are merely system-imminent reparation measures and do not solve the core problems. For this, a fundamental financial reform is needed. This article analyzes the finance system's shortcomings, documents the reform approaches from the past three years, and designs a base structure for modern finance architecture without banks