First of all, I must clearly say that you appear more knowleadgable on the matter than me. So pardon me for the stupidity I will maybe write, and I thank you for your sharing.
By leave their fixed mortage I am speaking about the fact that by making the people switch to variable rates from fixed when the rates are the lowest is a trap ! A deathtrap. That everyone can see ( I can't find the video on youtube where you see B.B speaking about that... ) . If it's not only about buying an overpriced home, but ad all the stuff that come with an "high end lifestyle"... You know you need the benz in the Mcmansion. However this hasn't to do with "mis-aligned incentive"... What's this ? Is it the matrix ?
I mean, without joking, where does this incentive comes ? From the fact that the money is cheap... so who says that the money is cheap ? The CBS... Then when you have the low rates, as you say, you just need to build this kind of incentives at every step of the value chain trough advertisment... Jobs done the bubble is created. Why? to make it burst late
The problem that I see with a private Institution fixing the price of money is that the pressure to use it to help other private interrest can be strong ( consciously or not )... you know a big power corrputs big, a infinite power corrupts infinitely... Or at least is the ideal target...
Optimitze the long-term performance of the economy... what a true Bs. Who the hell they are to decide what to optimize and what to change, or even to leave... You know informed Individual decision making is always better. Because it can respect all the different interest, to reach an agreement, not the best for anyone, but the least worst for all...
Furthermore I don't think that the CBS is doing a bad job per se, they are just following a corrupt model. I am just saying that there is a way to optimize "their mission" to make it p2p compatible. So their mission if I read you correctly is to optimize the society... So we can call it Social Engineering... or The Matrix, right ?
You know the level of decentralization just makes it more or less close to the central planner of the CCCP.
More interrested than ever... May I ask you something... If the people doing the quant thing understand the law of physics... they understand the financial market at a totally different level as the banker do ? Right ?
You named it... as every socially engineered system has bugs in itself. Why can't we move without understanding ?
Ohhh and a final tought about CBS.
Ultimately it's the people who take the loans, however it's the bank that fixed the price... And you know supply and demand will say that the cheaper the more... So it's easy to manipulate the people...
By leave their fixed mortage I am speaking about the fact that by making the people switch to variable rates from fixed when the rates are the lowest is a trap ! A deathtrap. That everyone can see ( I can't find the video on youtube where you see B.B speaking about that... ) . If it's not only about buying an overpriced home, but ad all the stuff that come with an "high end lifestyle"... You know you need the benz in the Mcmansion. However this hasn't to do with "mis-aligned incentive"... What's this ? Is it the matrix ?
I mean, without joking, where does this incentive comes ? From the fact that the money is cheap... so who says that the money is cheap ? The CBS... Then when you have the low rates, as you say, you just need to build this kind of incentives at every step of the value chain trough advertisment... Jobs done the bubble is created. Why? to make it burst late
The problem that I see with a private Institution fixing the price of money is that the pressure to use it to help other private interrest can be strong ( consciously or not )... you know a big power corrputs big, a infinite power corrupts infinitely... Or at least is the ideal target...
Optimitze the long-term performance of the economy... what a true Bs. Who the hell they are to decide what to optimize and what to change, or even to leave... You know informed Individual decision making is always better. Because it can respect all the different interest, to reach an agreement, not the best for anyone, but the least worst for all...
Furthermore I don't think that the CBS is doing a bad job per se, they are just following a corrupt model. I am just saying that there is a way to optimize "their mission" to make it p2p compatible. So their mission if I read you correctly is to optimize the society... So we can call it Social Engineering... or The Matrix, right ?
You know the level of decentralization just makes it more or less close to the central planner of the CCCP.
More interrested than ever... May I ask you something... If the people doing the quant thing understand the law of physics... they understand the financial market at a totally different level as the banker do ? Right ?
You named it... as every socially engineered system has bugs in itself. Why can't we move without understanding ?
Ohhh and a final tought about CBS.
Ultimately it's the people who take the loans, however it's the bank that fixed the price... And you know supply and demand will say that the cheaper the more... So it's easy to manipulate the people...
