/biz/ - Business & Finance

>>17157241

Can you spot on the graph where "globalization" became the religion and doctrine of this country's government anon?

So in 2008, the Fed printed around one trillion extra dollars to bail out the entire financial sector and supposedly prevent a second Depression. For the next 5 years, the Fed proceeded to print an extra two trillion dollars for a total of $4tril worth of assets held under the fed as of right now.

This prevents a total economic crash, this is true. Now the problem isn't whether it's true or false, the problem is who actually benefited from this purchase of assets and who paid the cost. The assets were exclusively held by multi-billion entities, specifically the mortgage-backed securities, which in layman terms, are peaces of paper that legally signify the fact that people owe money to banks. You let that fall apart, and banks would be unable to force collection of the mortgaged property, which means that either people get away without repaying loans and banks fail, or banks turn to the government which then starts forcefully collecting loans, which ends up with billionaires guillotined. And the best part? The ones who paid the price through the inflation caused by the Fed purchasing those securities were the common people themselves.

But let's ignore that and go even deeper. What would've actually happened if the supposed doomsday scenario occurred - if the economy actually crashed? This is something that quite weirdly no one thinks about, but are you actually sure that the scenario that the media has been drumming into your head for more than a decade so far, the supposed crash that you should be oh so afraid of, is actually bad for you? That you'd actually "starve" and that america would "die" if it did happen?
Well, the crash didn't happen, is life easier for you now than it was 10 years ago? Perhaps you can afford more stuff, or work less? How exactly did pic related actually benefit you? And considering all of the above, are you still sure that you want to avoid the next crash as the media is desperately trying to convince you that its in your own interest?

So in 2008, the Fed printed around one trillion extra dollars to bail out the entire financial sector and supposedly prevent a second Depression. For the next 5 years, the Fed proceeded to print an extra two trillion dollars for a total of $4tril worth of assets held under the fed as of right now.

This prevents a total economic crash, this is true. Now the problem isn't whether it's true or false, the problem is who actually benefited from this purchase of assets and who paid the cost. The assets were exclusively held by multi-billion entities, specifically the mortgage-backed securities, which in layman terms, are peaces of paper that legally signify the fact that people owe money to banks. You let that fall apart, and banks would be unable to force collection of the mortgaged property, which means that either people get away without repaying loans and banks fail, or banks turn to the government which then starts forcefully collecting loans, which ends up with billionaires guillotined. And the best part? The ones who paid the price through the inflation caused by the Fed purchasing those securities were the common people themselves.

But let's ignore that and go even deeper. What would've actually happened if the supposed doomsday scenario occurred - if the economy actually crashed? This is something that quite weirdly no one thinks about, but are you actually sure that the scenario that the media has been drumming into your head for more than a decade so far, the supposed crash that you should be oh so afraid of, is actually bad for you? That you'd actually "starve" and that america would "die" if it did happen?
Well, the crash didn't happen, is life easier for you now than it was 10 years ago? Perhaps you can afford more stuff, or work less? How exactly did pic related actually benefit you? And considering all of the above, are you still sure that you want to avoid the next crash as the media is desperately trying to convince you that its in your own interest?