Fractional-reserve banking is the system under which most of the worlds countries operate their monetary systems. The equivalent to the Federal Reserve is the European Central Bank in Frankfurt or the World Bank on a global level.
I found two videos that explain in detail how this corrupt banking system works and how absurd the principle appears, if you look closely into its workings. Questions that are beeing answered are: What is the Federal Reserve System, how did it come into existence, is it part of the US federal government, how does it create money (the European system functions under the same principles)
An in-depth explanation with sources gives this (i suggest watching this one – i hold James Corbett in the highest regard for his integrity):
– Century of Enslavement: The History of The Federal Reserve –
A short overview gives this:
– The Biggest Scam in the History of Mankind –
In German – Andreas Popp in einem Vortrag an der Uni Mannheim über ‘Danistakratie‘ (Die Herrschaft des Wuchers):