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RE: The whole Banking System is a scam - Godfrey Bloom MEP. The Fractional Banking Experiment will soon be exposed and I am afraid that the results will make the 2008 Financial Crisis feel like a walk in the park.
Nice to Steem you @markzuckerbergs, and thanks for the bibliographical references ! I'll much appreciate posts like this in the future SteemCyclopedia :-)
Another prominent contributor in building nowaday's fraudulent currency system was John Law, Finance Minister under the French Regent, who in 1615 invented "printed money" (the blacksmith's receipts you mention, generalized at the scale of a country), forcing all France inhabitants to convert their silver and gold coins to that monkey money.