Protecting the banks from failure causes poverty

Deposit insurance creates poverty for everyone because it means that banks are able to increase the money supply... this makes everyone poor because only those willing to get into debt to the banks are able to purchase assets and to be in debt is a form of poverty in itself. If we are in debt we are poor but if we do not get into debt in an economy with a fractional-reserve system then we cannot purchase assets (debtors can bid more) and so then we are also poor. In a credit-fuelled economy everyone is poor because it is only by getting into debt that we can survive... which in itself is a form of poverty. The subsidy for the banks which is deposit insurance causes poverty for everyone.