Warning: We Are Entering the “Late 2007” Stage For the Financial System
It’s looking more and more like 2007 all over again. Once again, the economy appears to be roaring as it enters the late stages of a major credit expansion. Once again this late stage credit expansion is entering the inflationary blow off top. And once again, “growth” sectors of the markets are flashing that big […]
The post Warning: We Are Entering the “Late 2007” Stage For the Financial System appeared first on Gains Pains & Capital.
Source: https://gainspainscapital.com/2018/10/10/warning-we-are-entering-the-late-2007-stage-for-the-financial-system/
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It does appear the very same mistakes then are being repeated now. Mortgage and credit card debts unseen and larger than in 2007-2008, college tuition loans growing with more folks unable to ever pay it all back, and the same reckless greedy market behavior that has repeated itself over and over again for hundreds of years.
But, many of the newer debts are the result of people believing that this time is different and that there is no threat to the financial system.
Same blindness as it has always been…”make america great again” really means make americans in debt again…that is what a debt based system does and how it operates…the goal is enslavement…and the people flock to it.
It does appear the very same mistakes then are being repeated now. Mortgage and credit card debts unseen and larger than in 2007-2008, college tuition loans growing with more folks unable to ever pay it all back, and the same reckless greedy market behavior that has repeated itself over and over again for hundreds of years.
But, many of the newer debts are the result of people believing that this time is different and that there is no threat to the financial system.
Same blindness as it has always been…”make america great again” really means make americans in debt again…that is what a debt based system does and how it operates…the goal is enslavement…and the people flock to it.
Then the people say nothing when we the people are strapped with the actions of the banking criminals. Stunning…