ultimately you will admit... that the banks and the private central banks throughout the world run much of the show. they cause a great deal of the problems on purpose.
Although it is now far more sophisticated... First they lend, then they buy govt officials or offices with their profits, then they gather in the assets from their buddies as the pop the bubble.
Yeah they gets things wrong. sometimes but they have a backstop.
It seems from my observation they do let the players fight among themselves then the FED rewards the winners with more.
But they did not get the real estate bubble wrong. That was planned. Big bonuses selling premium (mortgages) until the bubble pops. Then they had the FED bail themselves out. Nice gig if you like to get wealthy and powerful while making the tax payers eat massive inflation. .
Although it is now far more sophisticated... First they lend, then they buy govt officials or offices with their profits, then they gather in the assets from their buddies as the pop the bubble.
Yeah they gets things wrong. sometimes but they have a backstop.
It seems from my observation they do let the players fight among themselves then the FED rewards the winners with more.
But they did not get the real estate bubble wrong. That was planned. Big bonuses selling premium (mortgages) until the bubble pops. Then they had the FED bail themselves out. Nice gig if you like to get wealthy and powerful while making the tax payers eat massive inflation. .
Ultimately you will come to understand that banks and their regulators can suffer the same misconceptions as yourself, though perhaps not quite so easily as you. We are all fallible, although some have more complete understanding then others. Taken together that's what makes a market function as it does.