The banks exploit ignorance of the banking system by making loans that don't qualify (by a reasonable definition, in common with the colloquial understanding of the word to mean an object borrowed...) as loans. People go to the bank to take out a loan, they expect money to be taken from elsewhere so that, while they can spend more, someone somewhere else is deprived of the money. If this were the case the purchasing power would be retained. They do not anticipate that their loan will cause inflation.
If people don't understand the banking system, then banking (loans) is a fraud.
Banking is a fraud since people don't understand loans.
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