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[–] 28 points 1 year ago (1 child)

This article does not explain it real well only alluding to invisible lubricant and Im not even sure I can explain it but honestly the whole debt market it reliant on insurance. Geting a loan for something requires that it be insured. So no insurance, no loan, no loan, no small business, and of course the real estate market goes tits up.

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