MY friends in Berlin...
Not listening to me.
Discussion
GOOD MORNING ☕💜
Weak minded fools captured in servitude.
They will HFSP
Nostr being my therapist these days ;)
Konzentrier dich auf die, die zuhören.
"Ich bin hier, um Löwen zu wecken, nicht um Schafe zu zählen." -Friedrich Schiller..?
Good one. Da hast du recht!
Had a similar convo 2 weeks ago. German college was complaining that even in small towns restaurant prices leave a bad taste.
I hinted that maybe the 30% raise in minimum wages hat something to with it.
She replied “but during covid the Mwst was lowered and then heightened again, so that prices actually didn’t increase at all” 🤡 complete contradiction between two sentences 😂
She is commercial lead at our company 🙃
Don't tell me about Mwst during covid that was just ridiculous and insane... they lowered them, yes but added them the following year whilst everybody increased their prices ... so yeah.
It’s not just the central bank. Any bank that issues loans from the savings accounts of members is causing inflation.
If there was a 100% reserve requirement for banks, there would be almost no inflation
"issues loans from the savings accounts of members"
This is (kind of) fine, actually. Savings accounts are not available for immediate redemption. It's banks that write loans from *checking* accounts who are engaged in pure fractional-reserve banking.
There *is* a problem with writing loans from savings accounts whose duration exceeds the source funds, but that problem exists for almost all current bank lending. Banks can get funds from relatively short-term bonds, CDs or "overnight" borrowing and turn around and lend that "money" out for many years.
Moreover, the central bank is the "lender of last resort" that exists to bail out the commercial banks when their depositors demand their "money" back. Without that backstop we'd have one financial crash and everyone would figure out to put deposits in solvent banks instead of insolvent ones.
I think the solution is to return to free banking (ie banks are subject to the same regulations and bankruptcy proceedings as anyone else) and return to directors of corporations being liable for the obligations of the corporation to the limit of their personal fortunes.
I like it.
Tanja, dear 💗👇 (ps. maybe they're not your friends, but people you know you used to care about...) 
(maybe some people you call friends are just familiar faces you cared about one-day...), you know, sometimes you need to 'boş ver' and let it go where your energy really adds the value 🙃