The next financial crisis?
Submitted by gjohnsit on Sat, 02/10/2024 - 8:09pm

There is nothing, absolutely nothing, that NATO countries won't do to punish Russian oligarchs for their support for Putin. To do otherwise is not an option. It's a moral imperative.
Well, they'll do anything short of cutting into profits for the super wealthy that have invested in real estate.
After the 2008 crash many central banks enacted low and negative interest rates for any financial institution that could borrow directly from the central bank, or indirectly from those favored financial institutions. This cheap money spigot for the wealthy, to the tune of tens of trillions of dollars, never got turned off until this year, when inflation finally crept into the economy.
A boingboing item (https://boingboing.net/2016/05/25/more-single-adults-living-with.html) reports that:
More single adults living with parents than on their own for first time since 1880s
Specifically, they cite a Pew Research study to the effect that there are more single adults living with mom & dad than there are living out on their own.
The vast majority of Americans are under the impression that money laundering is something that is done by foreign dictators with shady banks in Latin America through anonymous shell companies. The Panama Papers revelation seems to bear that out.

