https://www.youtube.com/watch?v=Vj4sWc2xh-Q&feature=youtu.be&t=23m50s

This might be something to show someone who's less-thn-highly-aware that much of this world's banking system is "fractional reserve" (aka, fraudulent).

Go to 23:50 to hear what I felt was the key point.

Published on Dec 4, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert are joined by Liam Halligan of Business New Europe (www.bne.eu) to discuss Martin Wolf's analytical article in the Financial Times about the "radical measures" needed to combat our "unusual economic ills." They also discuss Max's response, published as the lead "Letters" item in the FT. In the second half, Max interviews Chris Powell of GATA about the failed Swiss Gold Initiative, the successful Dutch repatriation of 122 tons of gold and about the negative GOFO rates in the gold market.