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10 reasons debunked #4


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2014 Aug 4, 8:39am   2,510 views  0 comments

by SFace   ➕follow (7)   💰tip   ignore  

"4.Because buyers already borrowed too much money and cannot pay it back. They spent it on houses that are now worth less than the loans. This means most banks are still actually bankrupt. But since the banks have friends in Washington, they get special treatment that you do not. The Federal Reserve prints up bales of new money to buy worthless mortgages from irresponsible banks, slowing down the buyer-friendly deflation in housing prices and socializing bank losses. "

As an individual, there is no chance in this green earth to fight the fed. I learned in college to think from the federal reserve perpsective which is inflate before deflate. Once you realize this basic fact, debunked #4 is just silly gospel. It's like considering what would happen to the ocean ecosystem if sharks can fly, not gonna happen.

Banks make shitload of money from lending, always have always well. That will never change.

#housing

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