Whoever this is, he really nailed it. 'Fractional Reserve' means banks loan money they don't have and get to charge interest on it. 'Fiat' currency is just paper declared to have value when it is in fact worthless. 'Inflation' is just the watering down of the existing money, the hidden 'tax' stealing your money right from your pocket. The Federal Reserve prints money out of nothing and charges interest on trilions...the biggest scam in all of history.