On the other hand, the creation of unbacked money and the process of loaning out that fraudulent “capital” as if it were real surplus wealth is simply the old theft of counterfiting, just dressed up to look more respectible.

An even more subtle — but just as unethical — variation of this crime is to create and inject money into an economy at a rate equal to the yearly increase in productivity caused by advances in technology. Labour produces more goods, more efficiently, but instead of the wages rising or prices dropping, both stay the same because of the increased money supply. All the surplus production goes to the bankers, and the laborer keeps the same standard of living, making it difficult to convince him that he has been robbed.

Of course in the real world, the financial elite can never be satisfied while the workers keep ANY of their wealth.