5min chapter

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#1206 BREAKING: Peter Schiff Is Now A Bitcoiner

The Pomp Podcast

CHAPTER

The Fascism of the Real Estate Market

Is it fair to say that there's been a pseudo nationalization of the banks given these back stops if they're insolvent on a technical basis? We have basically adopted that type of economic system. The government doesn't own the banks, but it basically controls them. And we don't have a free market competition. I mean, you can't call what we have in banking, capitalism. It's not even close.

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