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This is Vladimir Z. Nuris landmark research paper Fractional Reserve Banking as Economic Parasitism - A Scientific, Mathematical and Historical Expose, Critique and Manifesto (2002) which looks at the history of money and its modern form from a scientific and mathematical point of view in order to expose its parasitic nature. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be something like a new "F=ma rule of the emerging econophysics field. Some implications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and deflation are analyzed for interrelations. Analogies of the economy to an ecosystem or energy system are advanced. The fundamental legitimacy of "expansion of the money supply in particular is re-examined and challenged. From the hypotheses a major (admittedly radical) conclusion is that the modern international "fractional reserve banking system is actually equivalent to "legalized economic parasitism by private bankers. This is the case because, contrary to conventional wisdom, the proceeds of inflation are not actually spendable by the state. Also possible are forms of "economic warfare based on the principles. Alternative systems are proposed to remediate this catastrophic flaw. Find out how usury and other criminal activities by the bankers are a hidden science known only to a few - but not anymore. 60 pages. A must read for everyone.

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