Willie Sutton is wrongly believed to have said he robbed banks because "that's where the money is." He never said that, and anybody who says it now would also be wrong.

A bank's principal function is twofold -- to be a depository for their customers' money and to make profits by lending money and charging interest on the loans.

Thanks to a process known as fractional banking, some of the money they lend is the money their customers deposit with them plus a multiple provided by the Federal Reserve. Simply put, the Fed allows banks to lend more money than they have on deposit.

This is inflationary in that it adds to the amount of money in circulation by creating money out of thin air. The more money in circulation, the less each dollar is worth.

With the federal government now squandering trillions of dollars it does not have -- and must borrow -- in an alleged attempt to stimulate our economy, the money must come from somewhere. We either sell bonds to other nations, or allow the Fed to create more dollars out of thin air, thus slashing the worth of the dollars in our pockets.

Needless to say, this federal Ponzi scheme has utterly distorted the normal process and opened the door to rampant inflation of the currency.

That distortion has created an Alice-in-Wonderland scenario where white becomes black, and black becomes white.

Uncle Sam meddling with this delicate and intricate banking system is the equivalent of a poorly trained, unskilled mechanic tinkering with the high-performance engine of a racing car.

Let me illustrate the effect of all of this with a personal anecdote. I have a mortgage with an interest rate above 6 percent; the bank considered me qualified for a loan carrying that interest rate.

Yet when I sought to refinance my mortgage and obtain a home loan below 5 percent, I was told I do not qualify for that lower rate mortgage.

Huh? I am seen capable of handling a 6 percent mortgage with its higher monthly payments, but am unqualified for a mortgage with much lower monthly payments.

It seems the more I earn the less qualified I am. Continued...