"Basically ... fractional-reserve debt-based fiat monetary...

"Basically ... fractional-reserve debt-based fiat monetary systems & their 'independant' central bank govenors have to be up there as the greatest (oligarchial/monopolistic) sleight-of-hand frauds of all time ... "


Talk about flogging a dead horse.

Fractional Reserve is normal. It's called banking. The simplest way to illustrate this is to imagine a world without fractional reserve banking.

Let's say I start a new bank.
On day 1 you walk in and deposit $100.
The following day Mark Smyth walks in :

'Could I borrow $50' asks Mark Smyth.
'Sorry, no can do', says I.
'Why not?'
'If i did, I would be creating money out of thin air and I would never hear the end of it on Hotcopper'

Ten years later, you come back to the bank :

'Could I have my money?'
'Sure', here's your $100'
'What about my interest'
'Well, normally I would have on lended your money and earned some interest, but sadly we can't do that anymore'
'You're not really a bank, are you'
'No we are not'
'What do you do all day?'
'Read Hotcopper'




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