The Fractional Reserve System

If you want to be scared -- really, really scared -- watch the following video.  It excellently, and understandably, explains serious flaws in our system of commerce and finance.  Most chillingly, it explains:

1. That all the debt we have (as a nation) can never be repaid fully, because we must repay debts with interest, and nobody creates the "interest" money - it just drains the money supply over time.
2. Without an ever-increasing spiral of debt, the economy would not be able to function.  How can we have an ever-increasing spiral of debt, where we are now?
3. In the long term, banks must eventually (by the math) hold all "real" money AND property, leaving nothing - money or otherwise - for anyone else.