Life at the Top
Life At The Top Chapter 1747
Many people were aware of the subprime mortgage crisis, but their impression of it rested only on the simple concept that the financial tsunami had caused the economy to decline, with the most famous resulting event in it being that Layman Investment Bank, one of the big four US banks, was forced to shut down.
However, Jasper knew that the actual core problem of the subprime mortgage crisis was the subprime loan credit crisis.
In order to stimulate national consumption and maintain its own strength as the world’s largest country, the United States had implemented monetary quantitative easing policies for a long time.
However, this monetary quantitative easing policy was not the same as that of Sunrise Land.
It was essentially the United States printing banknotes for domestic welfare and relief of the government’s own debt. Furthermore, this process had gone on for decades.
If it was some other country trying this, the place would have been long gone from history.
However, it was a different case for the United States. The dominance of global finance and military politics allowed the United States to build a core system, which was the USD settlement system.
Its full academic name was the Bretton Woods system, which was the core system of global USD adoption.
It would be hard to describe in detail, but the crux of it was to make the USD a global currency whilst ensuring the printing power would still be in the hands of the American Federal Reserve Central Bank.
world
played this game for decades, and it had managed to circumvent
by making people from
pay for
so, this was
in an excess supply of
currency caused money to
go to two places, the stock market
need to do any asset and credit checks at all when you purchased a house with a loan. As long as
everyone for their own benefit, and in order to give investors a decent
in exchange for
there was a time limit for the loans. For example, for a loan of 1 million USD, the bank had
credit company at a price of 1.3 million USD. After the credit company bought this batch of loans, they repackaged them and
USD was divided into 15 shares. After the credit company earned 200,000
a subscribable asset, which was
About Life at the Top - Life At The Top Chapter 1747
Life at the Top is the best current series of the author Cold Night. With the below Life At The Top Chapter 1747 content will make us lost in the world of love and hatred interchangeably, despite all the tricks to achieve the goal without any concern for the other half, and then regret. late. Please read chapter Life At The Top Chapter 1747 and update the next chapters of this series at novelebook.com