Comments by "Steven Hull" (@stevenhull5025) on "(Restrcited) China's Banks are Failing, Protests Everywhere. China's financial crisis is approaching" video.

  1. The banking system (fractional banking) is the biggest scam ever. Many people think if they deposit $1000 into their local bank the bank places that $1000 into the bank's vault which can readily be withdrawn by the depositor. However, the bank is only required to deposit just 10% of the $1000 into the vault and loans out 90% to another client who then pays interest. And the cycle continues with the original depositor's $1000 having increased 10 fold in the books of the banks. If you are I did that we would be in jail.
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