Donuel, go to Elizabeth Kucinich's website here

http://elizabeth.kucinich.us/index.php?option=com_content&task=view&id=44&Itemid=1

and you will find a very interesting video on what privately owned banks have done to the world economy since about 300 years ago, and how we (society, I mean) got into the financial mess we are in now...by the creation of vast amounts of (fictional) money entirely in the form of debt (to banks and lending instituions). Debt draws interest charges too, and that creates even more fictional money. Where does it come from? Where can it come from? Not from the mint. Not from the government printing press. From the stroke of a banker's pen or the touch of a banker's computer key. It appears magically out of thin air...AS someone's brand new debt to the bank, and it draws interest charges out of thin air too from that moment on until it is all paid off.

Quite a system, if you are the one in charge of making the loans! It's like having your very own private money tree and growing rich from it.

The only way that tree will die is if too many people (and businesses and governments) simultaneously become simply unable to handle their load of accumulated debts and they default on them and they go bankrupt. Then the tree that was built on the money that wasn't real suddenly and mysteriously withers up and dies. Trillions of dollars that were never real in the first place vanish back into thin air...which is exactly where they originally came from...by the stroke of a banker's pen.

If all the depositers went to the banks and tried to get their money, they would find out that most of it isn't there. 95% of it isn't there, because it was never there in the first place.

Oh, the numbers are on your statement, yes. But most of the real money simply isn't there. Maybe 5% of it is there. That means that after the first 5% of the depositors have withdrawn their cash, the bank is busted and must shut its doors.

These are the guys who just got bailed out. They have gotten a government reprieve from their own Ponzi scheme.