The Second Serendipitous Thing About The New Monetary Paradigm

Even though a $500k house will only need a $250k loan the banks will undoubtedly make more money than they do now. Why? Because with the twin policies of a 50% Discount/Rebate at retail sale and a reasonable universal dividend to everyone 18 years of age and older virtually everyone is creditable which vastly enlarges the market for big ticket item loans like for autos, furniture, mortgages etc. etc.

Leave a comment