let's have a look at the offical, now obsolete (due to 2020's semantic mindfuck of "0% reserve rate") canon of fractional reserve banking. say, three banks (#1, #2, #3), two "private" actors (a,b) and a reserve rate of 10%, a capital of 100 units of worthless magic paper (wmp) per bank. > a goes to #1, takes out a loan for 90 wmp, brings it to #2. b goes to 2# takes out a loan for 171 wmp, brings it to #3. a goes to #3 takes out a loan for 243 wmp, takes it to #1. rinse and repeat ad infinitum. eventually each bank has infinite capital, virtually no reserve in relation to it, and still continues willing money into existence (based on now absolutely skewed and broken projections detached from the real economy). that all doesn't even account for interest, but i'd find no end cursing out the concept so i won't start. everything runs on loans, so everyone pays interest, which creates the grand open range mental asylum euphemistically referred to as clownworld. whenever money is willed into existence, all money that "existed" (huehuehue) is devalued, and thus all debt and interest increased -- your means to buy and pay diminished. you have to quintessentially scam others out of their loans to pay your own debt and interest, and you have to continue indefinitely, because there's no limit to how much of nothing one can will into existence. corporations run on loans and float an inch above bankruptcy. they cut corners and wages, wherever and whenever they can, work their employees into a burnout and produce surplus of hyperprocessed superslop and shoddily designed, terminally obsolescent devices destined for a landfill to sell for four-to-five-digit% proft margins and a premium ontop, to pay the tiniest fraction of their interest, while whatever is left over is siphoned by the inbred, inept nepotists running them into the ground, to pay for escapism and their personal debt and interest. (cont.)
Germany