Ron Paul vs Ben Bernanke - De inflatie - 11.08.07
Uploaded by: vastgoedzeepbel
Video Description:
Ben Bernanke makes a mess of the global economics
Bernanke: There's No Housing Bubble to Go Bust:
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html
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he even agreed with Ron Paul if you notice how hes shaking his head in approval
Ron Paul my President
Thanks for any replies.
But secondly because of the credit crunch, the removal of that cheap lending and banks having a lot of subprime debtors makes it harder for people to get a mortgage. What they will get IF they get a loan is less money at higher interest rates...it kills the housing market so prices are driven down further.
We don't get a recession because we have a housing crisis, we get one because they same things that caused it will probably cause a recession later down the line. It's like a wave effect...real estate is simply the first in line to get hit as it's an industry almost entirely based on credit.