Promises to pay on demand in excess of the amount of goods…is simply fraud…[fractional reserve banking]-Rothbard

“…In my view, issuing promises to pay on demand in excess of the amount of goods
on hand is simply fraud, and should be so considered by the legal system. For this means that a bank issues “fake” warehouse receipts-warehouse receipts, for example, for ounces of gold that do not actually exist in the vaults. This is legalized counterfeiting; this is the creation of money without the necessity for production, to compete for resources against those who have produced. In short, I believe that fractional-reserve banking is
disastrous both for the morality and for the fundamental bases and institutions of the market economy.”

Case for a 100 Percent Gold Dollar, p. 44, Murray N. Rothbard

SEE:

Book: The Case for a 100 Percent Gold Dollar-Rothbard

 

“It should be clear that modern fractional reserve banking is a shell game, Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts”–Rothbard

 

What is fractional reserve banking (audio)—Rothbard

 

Fractional Reserve Banking Explained in One Minute–Video

 

Criticism of fractional reserve banking–Mises Wiki

 

Why the whole banking system is a scam – Godfrey Bloom MEP–Fractional Reserve Banking

 

Why Fractional Reserve Banking Poses a Threat to Market Stability

 

Fractional Reserve Banking | Walter Block

 

Fractional-Reserve Banking and Money Creation

 

Fractional-reserve banking is responsible for the crises and recessions that repetitively grip the economy

 

How Money Disappears in a Fractional-Reserve Money System

 

The Fractional-Reserve Banking Question

 

Illogic In Fractional Reserve Banking

 

The Economics of Fractional Reserve Banking (Video)–Herbener

 

Legalizing falsifications of bank reserves; the ethics of legalizing falsifications

 

Fractional Reserve Banking–Video