Ron Paul is big on letting crashes occur naturally. Government invention in capital markets always delays and expanda the problem, rather than letting bad companies close shop as a natural course
So in 2008...
Never said it was good, little goyim.
You sound like a commie
Ok little goylets, I'm off to bed. Think hard about my reply.
I mean, the greek economy did collapse and they do suffer on a regular basis but have there been any extensive research on the overall quality of life done in the years after the crisis?
Also, what could be the consequences of an ever greater economic power falling short on their debt like Japan?
Personally, I feel that Greece took a hit, yet with they do cope with it and their future seems to be at least manageable for their populace.
with Japan, however, their model of collapse seems to be a good prediction for how more and more progressive states will perform during a massive economic crisis.
You sound like a good goy.
If people only knew the fed reserve is neither federal or a reserve. 2008 was simply as OP put it. Bad bets the banks made and then we the people paid their debt.
This is why bitcoin was made. Stupid kids on reddit still seem to not understand that.
Most of the 4$ trillion that was used to support the financial sector - came in the form of buying "shit". Litterally the Fed bought a bunch of bonds, stocks, etc. Now they are the owner of these assets.. the idea is that they are gonna sell these assets once the economy improves - which they have been doing.
The point is that this is a circle of events, Where the money the Fed used to buy up the assets come from, and where the money they gain from selling the assets, it's the same place.
It's a stabilization maneuver, with the sole intend of inhibiting too many companies doing "stop loss'", but in the long run, then it will equals out and there has been no net capital transfer.
Hence why an economic collapse is inevitable and will come so suddenly that it will blindside everyone
>will come so suddenly that it will blindside everyone
not true. this is long overdue and very expected. have you diversified your funds user?