well you can call me arrogant but I think I found the biggest political mistakes (well I’d name them criminal offenses) which have lead to our current misery
1) fractional reserve system. I think there can be no discussion about it. if you have fractions you have leverage and leverage can work in both direction. However see the problem:
You have 100 CU (currency units), as a private person you can lend maximally 100 CU. Not in a fractional system. you can lend by fractional reserve of 10% roughly 1000 CU. Now let us assume you get the money for 1% (this is currently realistic) than in one year you have to pay back 101 CU to the central bank. Well if all went well you can expect at least 3-5 % for the lending of the 1000 EUR so if all would go well roughly 1050 EUR. Now let’s calculate 50/100 = 0.5 Now tell something about getting rich quick. But this is not the end. What will happen if 20% of the money will not get paid back? you the will get back around 840 EUR and 160 EUR are missing. But now we come to the second sin
2) subsidies you can read it also as any hindrance to free trade and bearing what was caused by yourself. Let’s proceed with the situation above. We lacking at least 161 CU. Well we do not have the money but know the subsidies come into play (you can see the results in reality for bonds of Greece, Spain, Portugal, Ireland and yet a few others). Now the “genius” strikes back. You are bankrup but now the governments jump in an guarantee the other debts. Result you get the 50% gain, risk free.
I leave it to your imagination what will result.
Well why does it happen. Now just see who really are the worst debtors. They are the governments. And so we have an alliance against those acting within their bounds. Banks want to lend money the more the better, governments want to have money in extreme Amounts, and how brings the government bonds to market? Banks. So governments to not act for the public but their own survival and growth. Their own survival just can be guaranteed in a parasitic way, if they overdraw the host will die. This is bad for any parasit, some of them are “stuid” enough to risk it. But bureaucrats an politicians have one “gurantee” of survival if there are any men left. They can find a way to seize the properties of them. You can see it here in Germany, after the world wars, money was worthless, but still something of value was left, and so they taxed this. You see government is not the solver it’s the “base problem”. The only thing which can help us is being as unfriendly as host as possible. That means, if the dedebets want more power, resist in any way.