Quote from Bob111:
while it seems to me that Fed and gvt are pushing all the buttons to artificially create an inflation and it's seems like a logical move, to literally burn the debt they create and sold via treasuries...at same time same inflation will destroy all those same banks,who are running the fed and country via mortgages and loans..because all those idiots,who are in debt up to the hilt ,who bought the houses at 4-5% for next 30 years,borrow on credit cards -they will be in fantastic position,when inflation or even better for them-hyperinflation hit US. this is the part,where i got confused..are those bankers that stupid,that they are going to shoot themselves in the foot? i doubt it..i'm very confused with this inflation scenario...
on the other hand...back in 2006 i was asking exact same question,while houses prices are skyrocketing and white trash is moving into areas,where housing starts at 250-400K..i was asking same question-are those people,who give them a loan really that stupid? when credit card companies offered 0% balance transfer for year or two,while you can get 5-6% CD at the bank. are those bankers,who suppose to be more sophisticated, really that stupid? the"pros" from wall street..turns out-they are..they are dumber than joe the plumber,the only difference is their salary and timely received bonuses..
i hope you understand,what i'm trying to say here..obviously english is not my native language.
Bankers sold those "dumb" loans to the world.
