2 ms·
It felt like Germany and France recapitalized their banks on the backs of hard hit countries with little power to fight back. Where the US recapitalized it's ba
by Gibbon1 3y ago
It felt like Germany and France recapitalized their banks on the backs of hard hit countries with little power to fight back. Where the US recapitalized it's banks by loaning them a bunch of funny money from the Fed.
The latter probably worked out better.
- lotsofpulp 3y agoThe latter only works if people are buying even more of what you are selling with that currency. The US continued to supply stability in its society and courts, access to resources via its military, and most importantly, organizations (like tech companies) that pump out very nice cash flows.