A few home truths
Currencies like the US Dollar and the British Pound have lost about 97% over the last 100 years
Modern banking practice, including fractional reserve banking and the issue of banknotes emerged around 200 years ago.
This system is called fractional reserve banking – and it’s been common for centuries. … Therefore, a bank only needs to have a fraction of the money it’slending to people available in cash. This also means banks can vary the quantity of money in response to changes in the economy.
According to the Bank of England : https://www.bankofengland.co.uk/knowledgebank/how-is-money-created