Fractional reserve banking is not banking

Fractional reserve banking is not banking in the true sense of the word. If the bank fails to retain the belongings in the bank then it has failed to provide the service of banking. Banks do not make loans with customer assets... unless the customer understands that this may happen and is willing to forego use of the money for the period. If the bank makes loans with deposits which are available on demand this is not banking. It is not banking if the bank causes inflation. The only true form of banking is full reserve banking. Fractional reserve banking is either theft or fraud.