Unusual perspective: As interst rates continue to rise, bond prices sink, yields go up… pressure on pensions, banks, insurance conpanies and other institutional buyers will increase. Any access to cheap credit below market rates provided by the government is actually a “bailout”. It’s money being created out of the blue making your savings less of the pie. Many banks are actively and increasingly being bailed out out via the governments BTFP program, lending their .70 cents worth of bonds for a dollar in return from the government. Imagine in 2008 how many people could have kept their homes if they had cheap access to credit like this? This is some of the real corporate injustice that comes at the expense of the people. [link] [comments] |
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