Loading ...Well, we had loads of credit. No down payments, bad credit no credit ok, and look what happened? The world stopped spinning. In summer ’08.
Mr. Copper says…”With too much credit the world will stop spinning” because that is what actually happened after summer 2008, with my observations.
The 9/11 attack was planned to strike during an economic slowdown. When little George was campaigning, the slowdown had already started during the end of Clinton. (add Y2K, dot com implosion after March ’00)
Rather than let the enemy get any satisfaction collapsing our economy, the “bozos” pushed rates down hard and fast to stimulate, and it WORKED. Every street in my area had contractors working on houses. New siding windows etc. Everybody bought new and leased new cars etc.
Bottom line? Everything got over bought. Things that would have been bought over time gradually five years in the future for example were bought up front, SOONER rather than later. The Bozos borrowed from the future.
Unfortunately, because of that, we are now in the future, and nobody really needs anything. 🙂