Fractional reserve banking is a lie to hide the true nature of banking. The term 'loan' is disingenuous as no loan actually ever transpires. It's far worse than the picture would suggest. Every time a purported loan/mortgage is issued then the money is created by our signature and future promise to pay. The thing of value is the promissory note that the banks launder into their unwarranted possession (first crime of banking) and then charge interest on the fraudulent debt - the second crime of banking is charging interest on a falsified debt. The faux debt is impossible to pay off and can only ned in the terminal escalation of our currencies. I get the whole 'money out of thin air' description but that's not true either as it's an obfuscation of the theft of principal in the form of the promissory note, that's the real crime - no signature - no promissory note - no purported loan. It's fraud and theft.