How Low Interest Rates Caused 2008 (Trump Wants Them Again Now)
Автор: The Censored File
Загружено: 2026-01-30
Просмотров: 42
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In September 2008, the global financial system nearly collapsed. Ten million Americans lost their homes. $19 trillion in wealth disappeared. Banks received $700 billion in bailouts while families got nothing. The official story blamed greedy bankers and reckless homeowners. But declassified Federal Reserve meeting minutes tell a different story. For years, Fed Chairman Alan Greenspan kept interest rates at historic lows—1% from 2003 to 2005—deliberately inflating a housing bubble. Internal documents show Fed officials discussed the bubble as early as 2004 but refused to act. Fed examiners warned about dangerous lending practices and were ignored. When the crisis hit, the Fed bailed out the banks that caused it. Today, those same banks are 50% larger, the Fed's playbook hasn't changed, and the structural incentives that created 2008 are still in place. This is the documented story of how America's central bank created the largest financial disaster since the Great Depression.
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