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Good explanation. I don’t think it will help some others on the thread.

Feel free to point people to it as an example; you'd be surprised, here and there people get it.

Perhaps encourage them to work through the example themselves, with paper money or monopoly money, and keep track of customer accounts with paper and pencil.

Then, at the end, they see they still have the same dollars they started with, and customer accounts just have higher numbers than they started with.

The actual "evil", or conspiracy, is only seen in the "big picture".

Too often people are afraid or angry about it, but they lack a correct fundamental understanding of it.

That's how they are then tricked into thinking something is a "cure" (like using gold as money) when it is no cure at all.

There is a lot of detail of accounting of transactions between banks, the Fed, etc., that is not necessary to know every detail of, but a correct fundamental understanding of the banking system starts, of course, with being able to follow the dollars in that example.

Of course people are led into their misconception by the establishment by economists' practice of including checkable deposits (an account balance) in what they call the "money supply" (M1).