Are you typically travelling to locations abroad and can’t get your normal newspaper all over the place? Economic developments and financial information affect every area of business. If it weren’t for the NWO we would not have people coming onto the Looking for Alpha boards telling me that it was purchaser beware concerning lending and people mustn’t have trusted banks and accepted rip-off toxic loans.
To begin with, as I have mentioned many times on this hub, the brand new financial order attacked mainstreet with ponzi loans and robbed us. Nonetheless I’ve stated many times that our solely means of combating the new financial order is through peaceful rejection of their unhealthy loans and dangerous merchandise which have the effect of legally stealing by way of high interest.
Similarly, having positive real rates of interest would usually increase financial institution deposits and improve financial intermediation however this logic falsely assumes that banks will at all times lend more efficiently. The prices of properties and the Zimbabwe Inventory Alternate collapsed concurrently, due to the huge selling by banks that have been trying to cowl their positions.
Sponsored Stafford- This means the Government pays for the curiosity while you child is still in school and it will not accrue till after graduation or after they go to lower than half-time standing or quits. Banks were thus uncovered to these unhealthy loans.
And, the banks had Greenspan and Bernanke serving to them reap a bailout from state and native governments by driving interest rates low. No loans, No credit cards and no financial institution accounts here. Individuals and governments who bought these securities, MBS’s, should be capable of sue all these banksters.