(no title)
forgottenpaswrd | 12 years ago
"let's save those that make poor decisions in the past so they don't bankrupt" money,
"let's give this people free public money at 0% interest rates so they can lend to the public at high interest rates" money.
"privatizing the profit, making public the loses" money.
Those people had basically sh#t as assets, but the central banks bought their sh#t with good money so they do not collapse the economy. The bailouts mean the public is underwater now and revolutions are coming all around the planet.
The problems are not solved, those that make bad investments have been rewarded taking money from those that create wealth.
But everything has a limit, Japan is paying 56% of their taxes in debt payment and growing. China bubble is bursting soon.
No comments yet.