This seems a bit of an oversimplification.

ATrigueiro

·Dec 24, 2020

This seems a bit of an oversimplification. Perhaps this statement is true but for me this collapse was facilitated by corruption. Corruption which was made easier to execute through “deregulation”.

other. Had they done so, the problem would have become apparent.” The U.S. government failed to spot the warning signs because its interventions made the mortgage market incomprehensibl…, but they did not work with each other. Had they done so, the problem would have become apparent.” The U.S. government failed to spot the warning signs because its interventions made the mortgage market incomprehensible, and the experts hired to run the system lacked the unattainable wisdom required to consult with other agencies and spot an imminent collapse.

How the Central Bank Collapse Will Likely Play Out

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