Right, the laws that govern the banking system require that banks have deposits on hand, so they can loan out a multiple of that money. This is well established

Right, the laws that govern the banking system require that banks have deposits on hand, so they can loan out a multiple of that money. This is well established and verifiable, and your link is broken. Also, the mutual exclusivity of savings and consumption is basic economics and easily verifiable in an undergrad textbook. I’m not interested in debating matters of fact when the references are clear and you persist in advocating clearly false characterizations.