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Old 03-11-2021, 01:05 PM
Location: Arizona
6,137 posts, read 3,859,906 times
Reputation: 4899


The economy is becoming of a fiat-printing debt based scam more than anything.

It's just so bizzare this economic cherade. The economy in the 1990s even up until 2008 made sense.

The banks during that era tended to pay about 5% for risk-free loans, treasuries were around 5%, inflation was around 2%. If one wanted a mortgage or consumer debt they paid about 7%, the federal government appointed federal reserve wasn't buying mortgages to suppress rates.

Now, there trasuries are 1%, banks tend to pay 0.1%, inflation numbers are made up out of thin air, mortgages and AAA corporate debt has been as low as 2% this year.

Seems like 2008 was the year when the small bit of fiscal reponsibility and economic common-sense they had left went out the window.





Last edited by lovecrowds; 03-11-2021 at 01:15 PM..
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