Merkel Seeks to Avoid Inquiry Into IKB Losses, Rheinische Says | WHAT REALLY HAPPENED

Merkel Seeks to Avoid Inquiry Into IKB Losses, Rheinische Says

German Chancellor Angela Merkel is trying to keep the opposition in the lower house of parliament from starting an inquiry into losses at IKB Deutsche Industriebank AG, the Rheinische Post reported today.

Webmaster's Commentary: 

There is a fundamental flaw in banking as it is designed today.

Originally, money was issued by the government, then the banks would borrow it from the citizens, loan it out to other citizens, and split the interest. This was a naturally stable system because the money could not ever collect into just one place at one time.

But with the fiat monetary system we live under now, the banks start out owning all the money, and the moment they loan it out at interest, more money is owed than actually exists. And because everyone MUST go borrow money from the Federal Reserve system to initiate any economic activity, all money flows through that system. No commerce exists outside that system. In order to survive and pay their owners, the banks have to work to keep the money flowing back into the banks to loan out again, but if too much money accumulates in the bank, as is happening now, too little is left in the society at large to bring in at the bottom, and like any other Ponzi scheme, the banks will collapse.