Loading ...I think it kinda already happened. After giving away our manufacturing businesses? After 1971? Interest rates to 21% in ’79. Then after the Dot Com bust, ’00, rates down to 2% in and no doc. liar loans.
Joe Sixpack stopped making mortgage payments, and sent millions of Bond investors, FANNY, FREEDY, etc investors to the poor house. Taxpayer bailouts too. Other countries also went down after 2008.