Crime Against Humanity: Fractional Reserve, Namely Legalized Counterfeiting, 14

“What the hell! What is not money gets accepted as if it were money! Promises of money are seen and taken as valid money!”
“Who did it?” The police interrogation continues: “Who accepts what is not money as if it were? When you receive that fake money, where does it ends up?” “In a bank account…” “Indeed… So who plays along your bank and hold it its bag?” “What the… the other banks!” “Then I consider your questions about where, how and who as answered, right?” “Yep: the fake money continues to circulate from hand to hand indefinitely as if it were money because it actually circulates from bank account to bank account, seamlessly and without interruptions of its fiction along all the lines, that is, without anyone demanding it in cash, and at both ends of all the lines there are always banks that accept it as genuine. And so we ingenuous and credulous subjects do the same.”
Once again in the field of banking we have a textbook case of such strong a position that people don’t even realize it, and sees a mere oligo−monopoly as an “everybody knows that’s just the way it is”, instead of questioning the hell out of it until one and all realize that the banker has less clothes than the king. Hence, we don’t even realize bankers have usurped the oligo−monopoly of possession and circulation of money. It’s not that “money” is “dematerialized” that counts; it’s that it’s born in their pockets and that it is under their fraudulent, profitable and intrinsically totalitarian control that counts. So here’s one of the reasons why bankers’ troops are permanently mobilised in the war against cash: the less cash, the more fake “money” out of nothing in their pockets and under their control.

At this point your incredulity, even though seriously hit, still lingers on a perplexity raised by this very picture: how come banks get along so wonderfully? After all, humans aren’t famous for effectiveness in cooperation, and shady humans are even less so…

Crime Against Humanity: Fractional Reserve, Namely Legalized Counterfeiting