Crime Against Humanity: Fractional Reserve, Namely Legalized Counterfeiting, 11
What excuses can be ever made for such a “duty”? First comes of course the whole usual palette of manipulation: the awe resulting from the conspiracy of prestige and authority built around bankers and banking to the very aim of preventing people from seeing that the banker has less clothes than the king; the lack of information or of understanding of information resulting from the conspiracy of silence and the smokescreens of disinformation and red herring. Those who make it through this first barrage will be faced with the thesis that society needs sufficient media of exchange to operate like a body needs sufficient blood to live, and as usual a truth is exploited as a Trojan horse: the more the Trojan horse is plausible from the outside, the more effective the stratagem.
So let’s not mince words: that sufficient media of exchange are needed is sufficient a reason to provide them regardless of who and how? Now that we are fully aware that the core is who is the owner of the purchasing power of the medium of exchange the moment it gets born, we can look at the whole scene from there and see through it. Hence, our answer is an unmistakable NO: we’re nobody’s fools, and we’re perfectly aware that pressing need in whatever form is a standard crowbar to unhinge supervision and supervisors. The truth is, there are many ways to provide society with sufficient media of exchange, as many as honesty, freedom of thought and freedom of initiative can devise without having to get screwed as an indispensable requisite. It has been said that the fact that bankers aren’t treated like common bailees is the result of politics rather than of justice, and that if they were this would lay an unbearable burden upon banking business. To which it has been pointed out that any fraudulent profit comes to an end when fraud is cracked down on, so why wouldn’t genuine bailment banks ever be able to remain in business under the same honest conditions of any other deposit business?
