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“They were required to use DEBT to finance everything” “How could it possibly succeed in bringing a better life to anybody”
Comment:
For example, the bankers cosigned real estate loans to maintain liquidity and pump the value or real estate. When loans go bad the banks lose. The guy that stops paying the loan has a better life, with more money to spend.
The bankers won, but now there is nothing left to win. And they are holding rates lower than they need to survive.
The bankers are the establishment, and the establishment’s ways have failed in 2008 and are in reverse, note Trump and Brexit.