As is well known, Max Otte recently published the book “The World System Crash”. In this book, he wants to show what the current situation of society is in view of the redistribution policies of the central banks in the wake of the financial crisis. Instead of ending this redistribution, the ECB has recently again prescribed more of the same increasingly ineffective medicine to patients.
Otte says that 90% of the financial gains since the financial crisis have benefited the top 1% in Germany. For him, this is a “cynical end game”. Many middle-class people can no longer afford housing in urban centres and the social dynamite is becoming increasingly explosive (german):