You have to go back to waaay back when. There was a dispute over how Ukraine was going to lean. On the one side they had austerity IMF loans on the other Russian banks saying maybe not so much, so really it’s a war among capitalists for market share. And of course resources, the breadbasket, the access to the black sea military shit. But mostly it’s the opportunity to sell off all the Ukrainian public resources and services to third party capitalists.
The best part is the money does not exist they are literally lending it into existence. Click of a keyboard. Now you have debt, they have assets, the cost of housing goes up because everyone is doing the same thing
I know it sounds insane. And that’s because it is. Study it, mind will be blown I guarantee
Yep. Totally insidious. Everyone accepts it like fish in water. But the banks don’t own the money they are lending into existence it’s created out of this air. If a bank has 1 dollar savings they can leverage that to create 30 dollars for a mortgage. As in almost no minimum liquidity reservation requirement.
It artificial drives up the cost of housing. It consolidates wealth upward and it should be illegal.
Long answer is read Marx, understand how capitalism leads to monopoly, monopoly leads to price gouging and collusion to prevent competition, and poverty exists because wealthy people suck up all the capital from a society. Imagine a billion dollars. That’s a thousand million. Then hundreds of billions by 20 people.
We’re in late stage capitalism and the enshittification is accelerating.
Less likely to lose sanity points when confronting the mythos