I can tell you the following.. we live in a flat directly beside one of the the biggest banks in germany the "Sparkasse". Every time i pass by that building i see the huge red sculpture made of steel before the entrance, all the metal for handrails, beams, facade.. the many huge marble blocks and walls.. huge glass windows.. everything is expensive construction material..

They demand high fees just for the account management each month.. they have ridiculous finance products made of thin air.. but they are still huge in market cap. Many old customers hold their savings books with no interest (negative due inflation). They must close departments because of automation, online banking but there are so many people who trust the "temple of doom" still today. I ask people from time to time "What do you think, where comes the money from for such a ridiculous pomp and circumstance.. mmh?" It's like all eyes are closed.. i could freak out!

😤

Thank you!