Anyone takes a fixed percentage number, and multiplies numbers up and down a numer scale using that fixed percentage: Then the rich get richer and all successively lower incomes get lesser and lesser and lesser.
The lesser and the lesser and the lesser can't afford to pay any higher prices, required for the raise across-the-board. That is what happened in collapsed Argentina. That is what happened in sub-prime mortgage market. The rich are left without any income. The poor didn't have enough income to begin with.
Enter the university trained, high-end educated, high-end income, cross-over GOP supporters of Barack Obama for President. Whereas millions would say that on its face--none of those people are very smart(?)--"How," anyone asks, "Could anyone ask or say that?"
A Barack Obama look-alike walks in the door: They just naturally gave them all of their money!
So it clearly follows, that now that banks appear to be making some money after all: That High-End Educated, High-End Income, GOP Cross-Overs, supporter of Obama: Would all cry, "Banks are not lending money any more!" After all, "Look What Happened to General Growth, the Mall Owning Company!"
So the High-End Educated, High-End Income, GOP Cross-overs in support of Obama for President--who gave him all of their money--all failed to notice that the asset values, underpinning loans, had fallen by half or more. The prices of even the mega-assets were falling.
If you had a loan at General Growth Properties, owners of malls, and were asked to roll it over, and extend it: Since the properties the source of collateral were suddenly worthless--Then what was there to do?
So they asked for the money instead, and guess who had squandered it away.
And how do we know this, post-election season?
Banks in fact are maintaining loan levels, even though asset values have plunged. There has been refinancing. There is a 50% increase in home sales.
The United States even has a Federal Reserve, which has been working on the hemorrage for over two years.
And how do we know this, post-elections, USA?!?
"Crow, James Crow: Shaken, Not Stirred!"
(How Indeed, Does Anyone know Anything Anymore?!)
The lesser and the lesser and the lesser can't afford to pay any higher prices, required for the raise across-the-board. That is what happened in collapsed Argentina. That is what happened in sub-prime mortgage market. The rich are left without any income. The poor didn't have enough income to begin with.
Enter the university trained, high-end educated, high-end income, cross-over GOP supporters of Barack Obama for President. Whereas millions would say that on its face--none of those people are very smart(?)--"How," anyone asks, "Could anyone ask or say that?"
A Barack Obama look-alike walks in the door: They just naturally gave them all of their money!
So it clearly follows, that now that banks appear to be making some money after all: That High-End Educated, High-End Income, GOP Cross-Overs, supporter of Obama: Would all cry, "Banks are not lending money any more!" After all, "Look What Happened to General Growth, the Mall Owning Company!"
So the High-End Educated, High-End Income, GOP Cross-overs in support of Obama for President--who gave him all of their money--all failed to notice that the asset values, underpinning loans, had fallen by half or more. The prices of even the mega-assets were falling.
If you had a loan at General Growth Properties, owners of malls, and were asked to roll it over, and extend it: Since the properties the source of collateral were suddenly worthless--Then what was there to do?
So they asked for the money instead, and guess who had squandered it away.
And how do we know this, post-election season?
Banks in fact are maintaining loan levels, even though asset values have plunged. There has been refinancing. There is a 50% increase in home sales.
The United States even has a Federal Reserve, which has been working on the hemorrage for over two years.
And how do we know this, post-elections, USA?!?
"Crow, James Crow: Shaken, Not Stirred!"
(How Indeed, Does Anyone know Anything Anymore?!)
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