# Government steals its tax revenue from citizens.
# Government increases the national debt through deficit spending.
# Government prosecutes an unnecessary war, one of the most expensive endeavors that can be undertaken, and further increases the debt.
# Government chooses to mask this fact by artificially lowering the interest rate using the Federal Reserve.
# Financially marginal citizens attempt to buy houses at low interest rates, perhaps that are out of their price range.
# Lenders become apprehensive to loan to marginal borrowers.
# Government guarantees bad loans.
# Lenders make lots of bad loans, based on the guarantees.
# Government steps in to “save” lenders and companies from bad decisions by “bailing them out.”
# Politicians further propose to “save” citizens that borrowed too much by renegotiating their mortgages.
Kvetching Turds
10 months ago
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