[Average Joe]

Well it looks convincing, is there evidence to back this up?

I still can't get my head around it though. If a bank can lend £9 against a £1 deposit, to me that doesn't mean they are creating money out of fresh air. It means they can lend the money against the repayments + interest that they will collect. Where does the money come from? Well they are collecting payment from other debtors anyway, that can provide the capital to lend to new debtors. Theres no two ways about it that they will profit, but that is what businesses are in operation for.

Besides whether "I get it or not", that is not my gripe Mike.

If I want money up front by loan, it does not make any difference to me whether that money is fresh air, real or what.

All I care about is that a) I now have the 10 grand for example, to buy a car with and b) that I can pay it back. It matters not if it is all one big illusion, all that matters is that I am now able to buy the object that I borrowed money for. That is the bottom line.

So, I borrowed the money, I now owe the money and that is that. And that is my gripe. You borrow knowing that you're supposed to pay back.....even if not paying would apparantly leave no "victim"......it doesn't matter! We call this integrity.

If a friend lent you money, you'd pay it back.