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Okay so I put some thought into the fractional banking thing and now have it figured out
The mistake people make is confusing fractional banking with inflation. Inflation is good stuff, but the problem is how it's created and filtered. Coming through the privately owned banks, it does exactly what the video and even the Zeitgeist videos claim. The whole scheme is one of inflation and debt on the backs of the non-mega rich/creditor class.
However, if the inflation were directed through things like public services or median rebates, it would work fantastically. For example, since 08, enough money has been spent many times over to fix the problems of the US economy, but nothing has been fixed because that money's flow starts and stops in the wealthy-class bubble.
So the problem is not inflation, but that it is used as a tool for the credit/debt dynamic that enslaves the populace. Cut the banks off, drop the inflation directly into the hands of the consumers, and the economy would be going gangbusters.
This is the basic problem with all things economic, it seems. Houses aren't worth what they were claimed? Give the money to the banks to let them off the hook instead of to the home dwellers to pay it down. It's all just a fucking ponzi scheme. The banks created this problem, made us fix it for them, and we suffer all the consequences
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Originally Posted by kiwiMark
