Germany has this. They’re not a poor country.
When you don’t understand what another persons value really entails, it’s easy to make fun of. Warren Buffett is in finance, has never used a spreadsheet, and built a business that employs over 400,000 people.
Their entire job is to inflate the price of existing assets. There is no other productive purpose, this money is not being re-lent for people to start businesses and it is not serving any other practical purpose, it's literally "number go up".
>The securities that were so instrumental in triggering the financial crisis of 2007-2008, asset-backed securities, including collateralized debt obligations (CDOs) were practically non-existent in 1978. By 2007, they comprised $4.5 trillion in assets, equivalent to 32% of U.S. GDP.
That's 4.5 trillion dollars in imaginary money that isn't serving any purpose. Even Warren Buffet agrees:
>Warren Buffett (who famously disparaged CDOs and other derivatives as "financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal"