“Many people claim the Federal government and Federal Reserve are trying to inflate a new housing bubble to trigger a new ‘wealth effect,’ i.e. people seeing their home equity rising once again will feel encouraged to borrow and blow money like they did in 2001-2008. But if we look at current income (down) and debt levels (still high), there is little hope for a renewed wealth effect from housing. That leaves us with this conclusion: The Federal government and Federal Reserve are trying to inflate another housing bubble to save the ‘too big to fail’ banks from a richly deserved day of reckoning.”
http://charleshughsmith.blogspot.com/2013/03/why-government-is-desperately-trying-to.html
(Visited 53 times, 1 visits today)
Related posts:
Thoughts from the Frontline: The Age of Transformation
Why Is the U.S. Destabilizing One Country After Another?
Michael Scheuer: The price of U.S. interventionism in Syria and Israel
The Iraq War: 10 Years Later
'Why I gave up my US passport'
Stanford Seminar - BTC: Bitcoin, a New Value Chain in China
Wow much Dogecoin. Very competition. So money.
So you want to invent your own currency
David Galland: I'm from the Government, I'm Here to Bend You Over
How crossing the US-Mexico border became a crime [2017]
An Inflection Point for US Global Hegemony?
How Snowden's Revelations Have Strengthened the NSA
Here’s an Escape Route from America’s Decline …
You Might Not Read This Because It Says the World Is Getting Better
Bill Bonner: Give Thanks to ‘The 1%’