Yesterday I read a brief note in a paper that the first german bank has started to
charge its customers a penalty interest if the customer do not use their creditline. The charge is then on the maximum of the creditline.
Again: you have to pay interest if you do not take the credit.
You read that right. No joke.
It may be just a regional small bank. But still, if you consider this as well as the total rape of reason and logic behind misleadingly so-called "negative interests" : Does it need any more hints how totally insane and rotten and broken the money system has become? What money? There is no oney worth the name. What we use and wrongly think of as money, is notes of debts without material securities.
Stealing and plundering, nothing else it is. Stealing and plundering. And the politicians help in that as best as they can, and become incredibly creative in hiding this behind meaningless newly invented terms and phrases. Criminal scum. Its all a mafia syndicate.
In the same essay I read that the global total debt is around 365% of the total global GDP. - If it does not get further explained, "debt" usually mean explicit debts only. But there are also the inherent debts, which usually are multiple factors higher: pensions to be paid in the future for staff hired today, interests for credits to be taken in the future in order to pay the interests of the debts there already are, and so forth. So, I assume, and that would be more in line with what I have learned over the years in the past, the actual debts on the globe probably are much higher than just 365% of the global GDP.
You can bet your life on it: no politician in the world plans to seriously tackle this. It is completely out of control. FUBAR.