Darius Guppy is spot on about the bank credit creation process

Via Darius Guppy: our world balances on a sea of debt

What is needed is a root and branch re-evaluation of that most curious of cultural inventions – money, argues Darius Guppy.

See the enclosed article above, it could be written for this site.

I am delighted by the comments that show more and more people are questioning the madness of fractional reserve banking.

Soddy was our first Nobel price winner to suggest 100% reserves as a solution and I am delighted that Guppy is aware of this academic and his work.