is ruining the financial system and is a socio political poison says frank kohler c.e.o. of sparta bank berlin the financial system is absurd if we have to explain to the children that money has a negative value and the debt is good because you may not have to repay anything again this is one of the things we've been covering and it's an important thing to look at since 2016 because everybody is looking for like some sort of mythical reason for all the stuff happening around us the populism the socio political poison that is negative rates that is the fact that we have in deed genuinely consumed the next 3040 years of of productivity and assets right after the behavior of the debt blackball are still amongst us living zombies so when you go into negative rates they will go into your bank account and they'll say we need to take some money from your bank account and that will become 2 percent a year then 10 percent a year then 100 percent then they'll say well your car is also securitize we have it on our books it's on our computers and we know exactly what that law is all