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Tourgen on scored.co
1 month ago0 points(+0/-0)1 child
creating credit (money): 2 streams: the real economy and the financial transactions bullshit economy. the real economy is building real things, building infrastructure, building things that make real things in the real world. loaning out money to these sectors is healthy.
lending money for bullshit financial transactions: this should be MUCH harder and regulated with ruthless efficiency. this is real-estate, stock trading with borrowed money, hedge funds, playing games with financial instruments. This must be crushed, regulated, and only sent a small stream of real money. this is where asset bubbles are created that result in financial crisis.
lending money for bullshit financial transactions: this should be MUCH harder and regulated with ruthless efficiency. this is real-estate, stock trading with borrowed money, hedge funds, playing games with financial instruments. This must be crushed, regulated, and only sent a small stream of real money. this is where asset bubbles are created that result in financial crisis.
the weird looking jew that just moved into town who wants a loan to buy up real-estate and trade on margins: fuck him. he gets nothing.