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Global Property Ponzi Policy
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I appear at the 12 minute mark. Max Keiser focuses on the global property ponzi game. The UK housing policy ‘Help to Buy’ – a 15% underwriting of loans under £600,000 is a technique to re-inflate land prices. A 15% rise will bail out the bad loans UK banks have made. Meanwhile the tax dodging continues globally as property speculation is ignored.

(Republished from Michael-Hudson.com by permission of author or representative)
 
• Category: Economics • Tags: Max Keiser, TV 
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