This Just In: China Caused the World-Wide Mortgage Crisis by Manipulating its Currency!

Sebastian Mallaby, an OpEd guy for the Washington Post, makes a convincing case that China caused the global mortgage bubble that caused the global mortgage crisis that wreaked the global economy.

They intentionally cheapened their currency and consequently ran a huge trade surplus. The profits from that trade surplus washed over the US and the developed world like a tsunami and the mortgage / housing bubble ensued. Said bubble has since burst and the worldwide economy is now in the shambles.

MasterPlan Capital has money to lend against all types of commercial real estate. Visit our website and apply for a commercial mortgage loan. Low interest, institutional funding as-well-as private (hard money) loans. Quick response, professional service.

Tags: , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: