Danielle Park returns… It’s no secret that the financial sector has expanded at a near geometric pace, along with the debt burden. While it’s great for the big banks, it’s come at the expense of society as a whole and individuals have taken it on the chin. Low cash levels and liquidity will bring down the household sector. Banks always want to sell more, regardless of the customer’s best interest. They’re never held to account and this cannot end well. The business model of ABS Always be Selling will result in a major deflationary bust. But no one wants to believe, yet.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.