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Message Subject Are Central Banks Really Thinking Of Raising Interest Rates, If So, This Will Be A SHTF Signal...
Poster Handle Saddletramp
Post Content
Besides, Bankers aren't in the business of "Forgiving" debt, they are in the business of collecting debt, and never forget, the Fed is a privately owned institution...
 Quoting: Saddletramp


Oh, just on this point I want to disagree. Bankers are in the business of creating debt, anymore they could care less if they can collect on it, that would require due diligence which is soooo much harder than bailouts.

Banks make a lot, a lot, a lot of $$ from the ability to create debt enabled by the FRB system.
 Quoting: Anonymous Coward 961432


I dunno, they always wanted us to collect on the loans we wrote, but I agree some of the inspirations for the big wigs at the Multi-Nationals is vague at best, criminal at worst...
 
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