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Pedro S
Michael Bordenaro
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Comments by "Pedro S" (@pedros1) on "Missing This HOUSING MARKET DEADLINE WILL BE PERMANENT!" video.
14:40 Michael, you answer your own question, why they made 30yr mortgages! Because 3yr mortgage led to deflation and suddenly everybody stopped working and this was called the Great Depression. The government had to confiscate gold and started printing money uncontrollably.
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