Comment: I found this is fairly well presented here:

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Cyril's picture

I found this is fairly well presented here:

I found this is fairly well presented here:

Money creation process

http://en.wikipedia.org/wiki/Fractional_reserve_banking#Mone...

With few disputes, seemingly. Corroborated by other sources you can use, like mises.org, or Silber's blog:

http://chrissilber.blog.com/books/

(e.g., Murray Rothbard's “The Mystery of Banking” at the bottom of page)

This also explains how come your (or mine) checking account didn't get a chance to see any positive effect**, to the exact contrary in fact, unlike what happens on all these charts:

http://dotxml.brinkster.net/2012/Misc/G4_Charts.pdf

Quite hypnotic, aren't they?

**(purchasing power-wise, that is)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius