Yes. It's called fractional reserve banking. It isn't a secret conspiracy, nor a deception http://en.wikipedia.org/wiki/Fractional_reserve_banking http://en.wik

Yes. It's called fractional reserve banking. It isn't a secret conspiracy, nor a deception http://en.wikipedia.org/wiki/Fractional_reserve_banking http://en.wikipedia.org/wiki/Fractional_reserve_banking The alternative is full reserve banking. To the best of my knowledge, there are no full reserve banks.