Our monetary system

[Les]

'Fractional Reserve Banking' is the name for it, where a bank only has to have a fraction of their wealth in actual reserve, but are able to lend more than that.

Here's a long video in two parts that explains some things about the banking/monetary system.

http://www.youtube.com/watch?v=svly7TJMtzw

http://www.youtube.com/watch?v=g3t7j...feature=relmfu