There is frs (state) but not frb

Nothing of value can be printed out of thin air. A share in a company can be thought of as a token of value but only because we recognise it as a symbol of ownership of the company. It is not the share itself we value but the legal entitlement it represents. But with fiat money we do not own a piece of a viable company we own a piece of the government which doesn't make a profit. So fiat money is worth nothing because it symbolises only the ownership of the government. The problem with fractional-reserve banking is that lending entities are able to create wealth (through inflation) when they make loans. They are printing money just as the government does and it is only because of the ability of the government to print wealth that banks are able to do so. Without fiat money fractional-reserve banking is impossible and so we can deduce that soon frb will be impossible... since fiat currencies do not last forever. Non-fiat 'hard' currencies make it impossible for banks to engage in fractional-reserve banking because in the event of a bank run it would be impossible for the bank and the state to return the deposits. Hard currencies prevent fractional-reserve banking.