Crime Against Humanity: Fractional Reserve, Namely Legalized Counterfeiting

I do not aspire to cover this subject here in the conclusive, thorough and detailed way that it definitely deserves, for the very good reason it has already been done; I refer you to my heartily recommended readings to discover how Murray Rothbard accomplished this invaluable feat, and I’ll confine myself here to some key facets.

Disbelief or incredulity:
Some people refuse to believe that bankers, just like counterfeiters and even more than them, do create money out of thin air within their own pockets. They do think that only that which exists can be profited upon, including demanding – and foreclosing – actual collateral, capital and interest in exchange for lending it; in other words, they can’t see the whole cake, but just the crumbs: they are convinced that bankers only lend the money that actually exists and someone bestowed to their vaults, and that they only profit the difference between interest on credit and interest on debt. Blissful ignorance, and blissful innocence…
True, some say that all their strategy consists of is tripping their customers: loaning them against generous collateral less than what they need to succeed, so that they accept it anyway by way of their innate ethical initiative and then, when they fail due to the insufficient loans, expropriate everything. Ignoble as it may be, that is their aim, true; but as to its real scope and to their real strategy, plans and means to achieve it, again these are just the crumbs. And of course a whole cake whose size is so immense that it’s hard to grasp may indeed appear a tad incredible.
Fortunately, though, no “faith” is required within this subject; confront is what is required: confront of such hard facts, such an undeniable reality that, just like addiction traders have actually tried to propagandise smoking as healthy but wouldn’t dare to try to convince us that the plague of smoking is an optical illusion, even bankers and their supporters can go so far as to try to overturn our perception of reality, but wouldn’t dare go so far as to overtly deny it. Proof is, you can research anywhere you please into the terms “fractional reserve”, “money multiplier”, “scriptural money”, “commercial bank money” and “money aggregates”: you will be offered more or less treacherous explanations, but hardly you will be answered these do not exist. We’re not there yet.