"Why have Americans become poor? For a deceptively simple reason. There’s not enough money to go around."

The great lie that was perpetuated by Reagan and the corporate media, that taxes fund our government so it's "our" money used to promote social welfare programs, has eroded our society and introduced unnecessary cruelty into our economy. People become much less charitable with their own money and jump to meritocracy to make decisions about who "deserves" basic necessities.

"This system of “fractional reserve” banking is not working at all anymore, and the way I know that is that the average American dies in debt, which means that banks are creating loans, sure, but those loans are not translating into even enough income for people to pay them off."

It simply isn't possible to fund an economy with a fractional reserve system, which is why banks no longer use it. They don't even deal in the real money only our Congress can create. They deal in "credit" and are the sole arbiters of who is deserving to own land or resources that require dollars to purchase.

Only dollars created by the federal government in excess of what it collects back, deficits, can net fund our economy. The unlimited ability of banks to extend credit to "rollover" private debt relies upon constant growth and resource utilization, but it can be made to appear as real until the economy hiccups in the slightest.