Ever wondered why house prices are soooo high that we must get bank loans to buy one?
The cause is simple. Let me explain.
First, the money supply in your country is increasing rapidly : this is the money supply growth in Malaysia.
The cause is simple. Let me explain.
First, the money supply in your country is increasing rapidly : this is the money supply growth in Malaysia.
This is mainly BANKS creating debts out of thin air. In the UK around 97% of all money supply is created this way. This shows bank home lending in Malaysia.
Now. What is the impact of the banks pumping newly created credit in a market where homes are NOT increasing in anything like equivalent supply.
Prices rise. Simple economics lesson 101. Take a look.
Prices rise. Simple economics lesson 101. Take a look.
Now. Oh. Look !
The home prices are rising. Funny that!!
Now we need to take a larger loan to buy a house. Guess what is the result of that?
Yep. More bank lending. Back to stage 1.
The home prices are rising. Funny that!!
Now we need to take a larger loan to buy a house. Guess what is the result of that?
Yep. More bank lending. Back to stage 1.
And surprise surprise. Home prices keep on rising !!
So who is to blame for unaffordable home priced and a lifetime of debt for us to buy a home?
And who makes billions profit from creating money out of thin air and making debt slaves of us?
PS. Islamic banks do the SAME.
So who is to blame for unaffordable home priced and a lifetime of debt for us to buy a home?
And who makes billions profit from creating money out of thin air and making debt slaves of us?
PS. Islamic banks do the SAME.
