I mean, the housing bubble burst and the government pulled 7 trillion out of its arse and handed it back to bankers, doubling the cost of current living from the knock-on inflation. Life went on, and not a single banker (except maybe some lackey in Iceland) was punished. The Rich got exceedingly wealthy after the crisis.
This time: the government will pull 50 trillion from its arse and hand it back to investors. Life will go on, no one will be punished, the cost of living will be a few times higher than what it is now, and the rich will get richer.
My interpretation: the big investors fully expect the bubble to burst and hope to win from the fallout/bailout. It’s win-win for them.
I was wondering about the source for this figure. For the curious, it comes from a private report from an independent consulting firm in the UK called MacroStrategy Partnership. I found this article talking about it, dated 2025-10-3.
I mean, the housing bubble burst and the government pulled 7 trillion out of its arse and handed it back to bankers, doubling the cost of current living from the knock-on inflation. Life went on, and not a single banker (except maybe some lackey in Iceland) was punished. The Rich got exceedingly wealthy after the crisis.
This time: the government will pull 50 trillion from its arse and hand it back to investors. Life will go on, no one will be punished, the cost of living will be a few times higher than what it is now, and the rich will get richer.
My interpretation: the big investors fully expect the bubble to burst and hope to win from the fallout/bailout. It’s win-win for them.
I was wondering about the source for this figure. For the curious, it comes from a private report from an independent consulting firm in the UK called MacroStrategy Partnership. I found this article talking about it, dated 2025-10-3.
True Edit: which government are you talking about with “the government”?
Any. If it happened under Obama, it will most certainly happen under Trump
Thats quite the US centered perspective
I’m from the UK/Germany. The dollar is a worldwide currency with far reaching impact
Germany had the same financial crisis around that time with a 70 Mrd € bailout as I’m sure you remember