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by nashashmi
2124 days ago
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Good question! The banking industry owns more money and is scheduled to own a whole lot more money in the future. And by "more money" I mean more market share of all the money in the world. The biggest threat to their treasures is when government prints more money. Because it limits what they are able to spend lest they cause spiraling inflation. The banking industry is the MOST powerful industry in the world. And they don't know it or they keep the realization of that power in a tight fist. Edit: in the context of this loss, they didn't lose anything. They just bought the debt from the creditor. They are still owed money from the debtor. |
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