>Thanks a lot for the explanation! I greatly appreciate you taking the time to break things down for me.
It's a super complex issue that even the Fed probably has yet to understand. So I certainly don't as well. Many consequences could happen instead.
Flipside, what just happened? The government effectively owns a huge portion of land again. Sure someone else is holding the title but really the government owns it. The banks/funds sold it to the government because they know they dont want to hold it.
What does communism look like? The government owns everything.
It's a super complex issue that even the Fed probably has yet to understand. So I certainly don't as well. Many consequences could happen instead.
Flipside, what just happened? The government effectively owns a huge portion of land again. Sure someone else is holding the title but really the government owns it. The banks/funds sold it to the government because they know they dont want to hold it.
What does communism look like? The government owns everything.