> If we count second-degree links like this, I bet we'd find that most organizations ...
Well as a generalization, that's just how fractional reserve systems work. The issue is when that reserve constraint is set to 0%, or replaced by systems based in fiat's objective valuation. (i.e. contrary and refuted by Carl Menger's works). There are systemic issues that need to be acted upon.
For the detailed mechanics, you can find the report released in 1994 by Chicago Fed, titled Modern Money Mechanics. Its 44 pages. You can extrapolate from that, taking into account Basel 3 (bis.org) to understand the rest.
The inevitable outcomes backed by history point to a currency crisis based in stochastic chaos. You won't know what individual mechanic sets it off, but once it starts there's no stopping it from burying everyone and everything. The tipping points are very indirect, with objective observation in the structures found in socialism, and its related failures leading to collapse. (ref Mises)
The end of sustainable production (food) is the end of the world in ecological overshoot conditions (ref Malthus).
If you can't exchange labor for needed goods, production doesn't occur. The economic cycle stalls. People starve and die.
There are plenty of ostriches among humanity because its comfortable not knowing the truth. People sense this horror with no future, even if they don't recognize the mechanics that lead to it. When people struggle just to provide for themselves, its enough to notice these things.
This is why so many people aren't having children. The only potential future under existing systems is slavery and the psychological torture inherent in it.
What responsible parent would wish that for their children. It is rational to choose not to have children when that is the prevailing outcome.
In many respects, the boomer generation is largely responsible for the aggregate environment (hellscape) we see today.
They also as a cohort haven't ceded political power to younger generations, holding on to it instead into their senility and death bed. Blocking any changes from being made, and having destroyed the systems that could have righted the ship.
The ultimate legacy of that generational cohort is going to be the generation that stole their children's future. It remains to be seen if we can survive as a species given all the existential risk that's been piled up all at once.