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They don't seem to have learnt much from the GFC. The movie The...

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Bananabender1

11,738 Posts.

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07/04/24

21:45

Post #: 73229869
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Originally posted by Verminski: ↑

Hi Raider, TBH I think the economics we, the first world, follow are corrupted beyond help. We’ll see a lot of QE again downstream (the next bust), but I think the system is now being found out for what it is. A casino.

Tried and tested regulation has been whittled down, and the Central Banks are a part of that process, across all markets. Things like derivatives are not a good way to go. As was seen at the GFC, packaging bad debts with good debt and selling as a triple A rated package is corruption of the very highest order and many should have gone to jail.

And now, here we go again, they’re trying but they can’t get the System back under control with old fashioned methods because it is so badly undermined. They are so short of ideas.

IMO the financial meltdown of current economic delivery will entail the next major war. It’s coming and everyone knows it.

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They don't seem to have learnt much from the GFC. The movie The Big Short is a good watch if you get the chance
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