Thank Heavens: We’re Now Protected from the Banks.
|January 15, 2014||Posted by Phil Anderson under Editorials|
Treasury Secretary Jacob J Lew confidently stated last month (December 2013) that the Obama administration’s vast overhaul of the financial system is close to accomplishing its goal of shielding society from the dangers posed by giant banks and making sure they won’t again bring on economic collapse. The regulations, Lew says, ensure ‘such a collapse will never happen again’.
Here is what the publisher used to promote the Secret Life of Real Estate and Banking, a history lesson about the US 18-year real estate cycle, still available from Amazon and now in its third printing, said:
“…the author uses the American experience over the last 200 years as a case study to reveal the existence of a regular property cycle. He illustrates how each phase of the cycle repeats, with ‘nobody seeing it coming’, the only variation being the new ways bankers find to avoid the regulations put in place after each collapse to ensure ‘it will never happen again’…”
We will get yet another cycle. Current government and bank behaviour guarantee it. And the timing of the next cycle can be quite accurately forecast. This is what EIS teaches our members and subscribers: how to maximise your investment profit from how the cycle turns.
Feedback is always welcome.