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By David Scott | Monday 1 August 2016
The 2008 bailout was all about rescuing the gamblers from the Greenspan/Bernanke housing and global credit bubble again ( in started in 1971), and then to gift the huge windfalls on the 1% as the central banks reflated an even more monumental bubble with new experimental regimes of QE, ZIRP and NIRP. But after these failed experiments the world’s financial rulers are going to reap the ill-gotten rewards, as they are increasingly on the receiving end of an even more powerful and nasty force that of political contagion.
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