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Inflation, asset deflation and a financially strained middle/low class causing them to be upside down on debt = firesale on what assets they had for the top cla
by ROTMetro 4y ago
Inflation, asset deflation and a financially strained middle/low class causing them to be upside down on debt = firesale on what assets they had for the top class to acquire. I believe this cycles used to be called pump and suck when directed at third world economies, get them addicted to debt then acquire their desirable assets. Crazy to see it being used now on the UK and USA middle class. We never thought the banking leopard would eat our face.
- elevenoh4 4y agoMonetary policy cycles are for insiders to use information to make more $ it's emergent out of the incentives e.g. the Cantillion effect it wont be around forever with AGI making this so obvious