You and many others in this thread are basically saying
"Fractional Reserve is shit"
Let's not forget it's backed by Proof of War.
It should be obvious, but this fact seems to have escaped your attention: the fact that fiat is backed by proof of war does not lead to a conclusion that it is not shit.
Relatively speaking.
It's shit for the have-nots of course.
For the have-a-little-and-want-more it could be good or bad according to whether one is able to use it at their advantage (id est: successfully throwing earl liquidity in the rat race).
The biggest critique to full reserve systems resides in the fact that where the lender is not intrinsecally motivated to assume the risk, there is less space for businesses to fluorish without that initial money-debt boost.
The price for that is very high of course.
Just means that only the most solid business ventures would get funded. With all the underwater drek clogging the system today, I don't see a problem with tighter investment policies.
Of course, the shittiest aspect of the fiat money system is that each new dollar that is zapped into existence gains its value by quite literally stealing purchasing power from each dollar that was in existence the moment before. And that such new dollars are -- without exception -- awarded to already-rich parasites. On the backs of the downtrodden.