German court rules negative interest rates on fiat retirement plans legal

A retirement savings plan by a German bank promised positive returns, but allows them to add negative interest rates, which eats up the return. A court ruled that to be completely legal. News article in German: https://www.tagesschau.de/wirtschaft/riester-105.html

Fiat is a rat race you can never win. The only winners are the ones who control the fiat system.

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