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0 sats \ 0 replies \ @Solomonsatoshi 1h \ on: US metros with greatest share of homes that lost value since last year charts_and_numbers
Since the late 1980s the price of fiat debt money has been reducing, causing property prices to inflate.
Now, since Covid the price of money/debt cannot go much lower, but nor can it increase because the amount of accumulated debt is so large any increase in the price of debt would collapse the entire edifice of fiat debt slavery.
Property prices will now stagnate if not decline.
The false wealth created via fiat debt leveraging of non productive assets is over.
Chinas huge advantage in terms of productive capacity and efficiency exposes the wests neoliberalised financialised economy for the zero sum trap it is.
The west cannot make anything anymore - China has won the trade war and from trade dominance military and monetary dominance logically follow.
The west got drunk on debt fueled non productive asset price speculation while China came to dominate strategic supply chains.