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Crashy_Time Posts: 13,386 Forumite

5 October 2017 at 12:26PM
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Mutton_Geoff wrote: »

An economic bubble is nothing like a Ponzi scheme.

I read your posts with interest but I wonder whether you've actually owned any property or seen real losses and gains in the property market?

"A Ponzi scheme is a fraudulent investment operation where the operator (banks) generates returns for older investors (boomers) through revenue paid by new investors (FTB`ers)"

(and in the process generate fat returns and bonuses for themselves until it all collapses and the taxpayer has to bail them out)

"Liar Loans" were one of the main tools that got this madness going, you should google that as well

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