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WORLDVIEW: Why Trump’s US will be spending like there’s no tomorrow
A Donald Trump world raises the risk of confrontation. And, perversely, supports the new POTUS’s plans to spend his economy out of recession. He’ll achieve it. Just not in the way most expected.
By Alec Hogg
The world's economic driver is something called Quantitative Easing, born in the aftermath of the Global Financial Crisis that hit six years ago. A Crisis which was rooted in greed. Too much debt. And too much leveraging of that debt by already rich bankers desperate to make even more money.
The bankers gambled far more than their companies could afford to settle. When those bets went south sparked by the collapse of 164-year old Lehman Brothers, non-bankers were left holding the baby. And a gigantic dilemma. Punish the perpetrators by allowing the financial system to collapse and unleash pain worldwide. Or a lesser but disgusting evil of bailing out those who'd caused the problem.
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