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That is a lie. If the system is so resilient then why did the governments had to intervene in 2008? The financial system is quick to ask for less regulation/le
by rdm_blackhole 8y ago
That is a lie. If the system is so resilient then why did the governments had to intervene in 2008?
The financial system is quick to ask for less regulation/less red tape but when comes the time to own their mistakes, they are really happy to get some of that taxpayer money from the government!
We are living today in the biggest bubble of all times.
It is the everything bubble. The stock market is hyperinflated with valuations that are completely disconnected from the real economies of the world.
Most of the major economies are so indebted that to even think they would ever repay their debts is just a pipe dream.
Most emerging economies have been having huge political and economic issues in the last few years as well.
Housing bubbles are popping up all over the globe. Major resources are dwindling and our ecosystem is starting to crumble while we are day by day emitting more and more carbon emissions in the atmosphere.
Finally using bitcoin as an example of a great investment is more than dubious. Bitcoin was a gamble in 2009 and is still a gamble today.
- dmm 8y ago> then why did the governments had to intervene in 2008? To protect the bankers?
- simonh 8y agoTo protect the banks customers.
- turtlecloud 8y agofunny joke lol
- simonh 8y agoNot at all. Imagine what would happen to the financial security of a household if their mortgage provider, their current account bank and their employer's bank all went bust at the same time.