Quote from: Ozziecoin on May 14, 2014, 12:24:36 AM

Quote from: whathewhat on May 13, 2014, 09:11:02 PM

Hey, just want to be clear why you guys are saying frb is 'fraud'. I don't get it. Fraud means that there was some dishonesty. However, the frb system, at least in the us, is very well understood and how it works is public knowledge. So, no real deception/dishonesty. Who is deceiving who, and how?

Not well understood by the public. And especially retirees, savers and other hardworking people out there.

Not sure I get your point. Its not like the rules governing banks and fractional reserve are secret and/or deceptive. They can be retrieved via internet, library, etc. Wikipedia has good summaries of it too. The rules are published and the banks operate by those rules. I don't see any fraud. Or am I missing something?