There is a trick that many banks all over the world plays. Their guru are of course from the good old US of A. Where else. First they influence the Central Bank or in their case the Fed. to lower intrest rate. So people start taking loans and many people forget credit cards are loans , you stupid boy. So people start to buy buy buy from houses to cars. Of course yhey put up collateral. When enough of the swine have gone into the trap the Central Bank suddenly raise interest rates. Poor guys who thought they were in heaven doing their shopping now can't pay off their loan. Bank sizes their collateral. Let things cool for a while and then lower interest rates again. And here we go again. If banks don't do this scam do you think they can be filthy rich. You expect them to depend only on business loans with so many competing banks. No lah. They create the demand for loans by seducing the useful idiots.
There is a trick that many banks all over the world plays. Their guru are of course from the good old US of A. Where else. First they influence the Central Bank or in their case the Fed. to lower intrest rate. So people start taking loans and many people forget credit cards are loans , you stupid boy. So people start to buy buy buy from houses to cars. Of course yhey put up collateral. When enough of the swine have gone into the trap the Central Bank suddenly raise interest rates. Poor guys who thought they were in heaven doing their shopping now can't pay off their loan. Bank sizes their collateral. Let things cool for a while and then lower interest rates again. And here we go again. If banks don't do this scam do you think they can be filthy rich. You expect them to depend only on business loans with so many competing banks. No lah. They create the demand for loans by seducing the useful idiots.