>Banks do not intermediate funds when lending they create new money. This has interest due on it. Create more to cover the interest or die.

Professor Franz Hormann of the Vienna University of Economics further elaborates on this catch-22 in his banned TED talk:

https://www.youtube.com/watch?v=FYWVbdSX7B4

Banned?!

[citation needed]

I don't know what "banned" means in this case, it's just from the title. His point stands however:

Money Supply + Interest > Money Supply => perpetual debt servitude

This is not exactly secret knowledge you have to be a guerilla to let out. I mean, the bank itself does that in formal bulletins released on its website http://www.bankofengland.co.uk/publications/Documents/quarte... and even produces video for people that don't like reading economic papers https://www.youtube.com/watch?v=CvRAqR2pAgw

From the page:

> The fact that banks technically face no limits to instantaneously increasing the stocks of loans and deposits does not, of course, mean that they do not face other limits to doing so. But the most important limit, especially during the boom periods of financial cycles when all banks simultaneously decide to lend more, is their own assessment of the implications of new lending for their profitability and solvency. By contrast, and contrary to the deposit multiplier view of banking, the availability of central bank reserves does not constitute a limit to lending and deposit creation. This, again, has been repeatedly stated in publications of the world’s leading central banks.