The Inflation Scam

Okay boys and girls. Here's how the scam works. The bankers have the government to print up oodles of extra money which the bankers get to lend out for a profit. But since there is the same amount of housing for sale in the Real Estate market buyers will tend to bid up higher and higher prices using this borrowed money. Then the bankers always pull the plug on the credit or money flow or in this case because they lent unwisely to desperate families. Too many defaults cause a glut of housing. This glut of foreclosed homes and credit requirement tightening has driven down the price of Real Estate but left millions still holding the bag for mortgages for those inflated buying prices from the peak years of the market. The bankers make out like, well...like bandits.