Firstly, savings are not currency although they are used interchangeably with the assumption that currency is safe. This is not guaranteed to hold. Secondly, wi

Firstly, savings are not currency although they are used interchangeably with the assumption that currency is safe. This is not guaranteed to hold. Secondly, with rehypothecation the same currency is counted at least 9 times (M2 money supply). I'd contest that it's 50 to 100 times due mechanisms to get around the 10% reserve requirement - but this is difficult to explain. Thirdly, the increase in savings is dwarfed by speculation that the savings is backing and the resulting mix or risk reward when combined is still speculation. As in this is not unencumbered savings. And finally, the wikipedia link has a long list of references from people who are wrong about everything.