there was a massive fraud in the US which was sold world wide to unsuspecting people....the fraud is still continuing..hence the high interest rates...banks say it costs more to borrow...but every other country has cheaper interest rates than we do ???? what a great con job that one is
over the past 10 years, the us interest rates were close to zero, the uk had very low rates....dont know about spain....it almost never hits my radar, except for soccer, and ireland is too tiny,,,,apart from years of war, its gone big on IT, and a younger hip generation......
in all that time we brought labours very high interest rates down to 6%....then it climbed in past 3 years to almost 10%.......we have had the highest interest rates than any other country.....its just fattened the banks profits...and harmed the working class
we do not spend zillions going to war like the US, and we have huge resources...but not ireland, spain or the UK
so nothing really to connect us to the rest of the world now, when we have been disconnected for years
now apart from the sub prime fraud, do all the countries have restrictive land boundary practices and high taxes..., not enuff land released to satisfy home owners, huge increase in imigration to stifle same.....
ok so now I have found a similarity in a shortage of houses to connect to........
enough for now
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