Reply to post: Re: Nuts! It is Not Big Tech.

Bloody TECH GIANTS... all they do is WASTE investors' MONEY

theblackhand

Re: Nuts! It is Not Big Tech.

And central banks are keeping interest rates low to let existing debt devalue, allowing everyone who ended up with overvalued assets (predominately houses - either those with mortgages or the banks that ended up with houses through defaults) to let the debts devalue and be repaid or written off when they are at a level that doesn't cause major knock-on effects.

Sure, it hurts those who are saving, but the alternatives aren't necessarilly any better for those with savings as letting the banks fail would take out some of those with savings as collateral damage.

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