The Risks of Fractional Reserve Banking

The whole thing is basically a scam that most of the time is not revealed as such, but recent events have shown that the system can always fail. I mean it's always vulnerable to the herd mentality. In the 19th century when this happened, your local bank manager would say, all right, if you want your $1,000 out let me give it to you in 5 cent pieces or something. And so they have to wait so long to get their money out that people gave up by the end and so then that sort of quelled the panic. Some people do that with paying, they'll have a bet or something and they'll pay in one P pieces. But actually there