Tag: pleasure island

Clinton’s Pleasure Island The Next Housing Crash: Rothschild Fed’s Magical Thinking And Fostered Illusions Of Phantom Wealth And Security

Institutionalizing the speculative excesses that inflated the previous housing bubble has fed magical thinking and fostered illusions of phantom wealth and security. The global housing market has been dominated by magical thinking for the past 15 years. The magical thinking can be boiled down to this: A person who buys a house for $50,000 will…