INTEREST IS GROWING IN UNJUST ENRICHMENT

The statistics counter I have indicates a growing interest in the principle of unjust enrichment.

My suggestion is this;

if a bank customer is not fully aware that when a bank issues a loan to that customer and the loan is issued through fractional reserve banking, i.e. the 'money' for that loan is not transferred to the customer but 'credit' is issued to the customer instead while the base 'money' for that loan remains under the control of the bank, and that customer is unaware that such a system is in operation and that his or her loan was issued via such a system, then is the bank voilating the principle of unjust enrichment if that customer repays that loan?

I would argue undoubtedly yes.

I think it could be argued that such a system is not 100% pure fraud, but it is probably around 90% pure fraud. It is definitely unfair, as Lord Stamp so eloquently described the power such a system hands to private individials.

But it is definitely unjust.

And it is definitely enrichment.

Most queries are coming from New York and London.