Quote:
Originally Posted by automaton 3
Just in time to re-inflate the residential real estate and consumer debt bubbles.
Wonder what their game plan is for when the US starts raising rates later this year (although I'll believe it when I see it).
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I'd imagine it's the same strategy bankers have successfully employed for hundreds of years:
1) Create fake money based on tangible assets (or in the case of the federal reserve, make it up entirely)
2) Low rates so everyone borrows your fake money
3) Devalue the markets and increase rates
4) Exchange fake money for real estate and tangible assets.
5) Create more fake money based on their new assets.