tell me we're not done talking about central banks or central bankers so well we have a clip from godfrey boyle me he's from the united kingdom independence party he said some rather unheard of comments on the floor of the european parliament the first clip he's talking about fractional reserve banking and being a criminal. all the banks are broke. and rolled bank of scotland they're all broke while they broke to god it is some sort of tsunami that broke because we have a system called fractional reserve banking which means that banks can lend money that they don't actually have it's a criminal scandal and it's been going on for too long. but this going town by u.k. is ron paul somewhat yeah. and although it's been going on for hundreds of years here's the issue with fractional reserve banking is that there are what's called maturity mismatches in other words the bank you put money in your checking account the bank can loan that money out for two years five years ten years but you can withdraw that money tomorrow so the very nature of a fractional reserve. system is that the rug can be pulled u