Loading ...Oro, think about it. Don’t ya think the imported consumer products killed the middle class and ruined the US economy? Products we could have made “in house”? That’s what killed jobs and made people have to turn to food stamps credit cards to swing bills, or take out home equity loans.
Even if you bought a house. The so called “debt”? It’s only a debt if they pay it back. You can stop making payments any time you like. Nobody holds a gun to your head to pay up. None of the bank employees cares one bit if you don’t pay. They all get paid at the end of the week anyway.
You could say the banks are heroes. They gave loans to people who had no savings accounts, were not qualified and could not afford to buy a house. Granted the banks are “co signers” and want to maintain a liquid market until it POPS. I hear they are doing the same thing again 3% down.
The Fed Res Bank is finished anyway because they are a global organization, and the USA is now evolving back to being a more independent nation, so the Fed does not fit in the USA future. An independent local pro USA only, Central bank may evolve. Maybe even a new US Dollar.