The video linked below explains it easily and simply
and in 30 minutes.
They use different terminology when explaining
fractional-reserve banking and suggest that the 10% withheld from a deposit
represents fractional-reserve banking (the 10% is sent to the FDIC to pay for
deposit insurance and has nothing to do with fractional-reserve banking which
has to do with credit, not deposits), but though fractional-reserve is the
primary reason behind the creation of our currency (not money).
This is an easy-to-understand video. Please take the time to watch it at least
once... and if you really want to understand it, take the time to watch it
again.
It's not that long and it will help you understand the
Federal Reserve System.
They don't teach this stuff in school.
If you're going to be angry
at the Federal Reserve System and/or the United States Congress or the
President, at least make the effort to find out why you're angry. Find out why your deposit accounts in a bank
make you an unsecured creditor of the bank, find out why it is impossible to
stop the insane spending without destroying the entire banking system. The
video is short and easy to watch.
The Socialist Anti-Semitic Myth of the Creation of Money out of Thin Air http://iakal.wordpress.com/2014/07/04/the-socialist-anti-semitic-myth-of-the-creation-of-money-out-of-thin-air/
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