I told you the housing market is already dying and the mortgage industry is already dead.
New, average quality, homes can't even be built for less than $100,000 on average. The number of new loans has fallen off a cliff because the price of houses (although declining) is extremely high. People are paying 20%, even 50%, more in cash to buy houses than is being asked. Everyone is trying to put money into real-estate because of inflation, and houses are now being wildly over-valued.
The Fed is right to want to increase interest rates and crash the housing market because it's in a fucking bubble. It's a bubble that's getting actively worse, and when it bursts, it's taking the entire global economy with it. All your pension funds and government bonds rely on that housing market. The Investment Banks over-leveraged themselves on Real Estate, but it doesn't matter if the governments are over-leveraged on Real Estate, and every other industry is also over leveraged.
You are in the Everything Bubble. This is the inevitable end point of Keynesian monetary policy, promoting Fabian Socialism. The people who's lives and futures depend on being right are telling me that we're looking at the next 12 months of contraction in the Mortgage Industry, and that's typical. I expect it to be far longer, something closer to 24 months. The truth is, they're planning for a full blown, hard nosed, "will work for food" style recession in the coming year, and I think they are being optimistic. So far, I've been right. The worst thing that happened to me in 2020 was that I was right, but I was late. I don't intend to be caught off-guard.
You can't stop this, nothing can stop this. The 2020 lockdowns and stimmy-checks led to the the supply chain shortage. You haven't even been hit by the spike in food prices that are coming from this year's lacking harvest, from the Russian-Ukraine War. The government already printed more money.
The Biden Regime wants to blame the Fed so it can give itself a "Brenton-Woods moment" so that it, and it's Fabian coordinators, can introduce Central Bank Digital Currencies (CBDCs). And here's the really bad news: the CBDC's are just a desperate attempt to paper over a sucking chest wound to the global economy by seizing control of all economic transactions on Earth. It's the very definition of Diminishing Returns.
Even CBDC's can't stop what's coming. Even if it got close, the demographic collapse as the Baby-Boomers die out and put their houses on the market would cause the Real Estate bubble to pop, and with it still goes government bonds.
THE PERENNIAL GALE OF CREATIVE DESTRUCTION WILL NOT BE DENIED
All that the Fed can do is managed a controlled decline of the global economy, not just the American one, the whole god damned thing. Frankly, Biden being so inept gives them more room to maneuver since damaging his political capital doesn't mean shit. But all of this assumes they can manage it. All of this assumes that our enemies are the smartest people in the room, with the best laid plans, and the greatest wills. But the terrible truth is that no one is in charge. Our enemies are malicious idiots who hate us, want us dead, and are so stupid they are violently struggling against the consequence of every decision they've ever made, blaming US (literally you and I) for all of their problems. It's because we didn't wear the mask that the whole global economy has to be seized. Hence, why they hate us. The people who could have stopped this are long since gone to help them.
This isn't going to be The Great Depression v.2. This is The Great Collapse. It is The End of <Fabian> History. The economy must correct, all of it. It can't be put off for another 3 decades. There's no way to do it. Our lies have incurred a debt to the truth, and we are no well beyond bankrupt.
Save your money, save your assets, stock your food, and more importantly than anything else: build and protect your social relationships with your friends, family, and community.
I told you the housing market is already dying and the mortgage industry is already dead.
New, average quality, homes can't even be built for less than $100,000 on average. The number of new loans has fallen off a cliff because the price of houses is sky-rocketing. People are paying 20%, even 50%, more in cash to buy houses than is being asked. Everyone is trying to put money into real-estate because of inflation, and houses are now being wildly over-valued.
The Fed is right to want to increase interest rates and crash the housing market because it's in a fucking bubble. It's a bubble that's getting actively worse, and when it bursts, it's taking the entire global economy with it. All your pension funds and government bonds rely on that housing market. The Investment Banks over-leveraged themselves on Real Estate, but it doesn't matter if the governments are over-leveraged on Real Estate, and every other industry is also over leveraged.
You are in the Everything Bubble. This is the inevitable end point of Keynesian monetary policy, promoting Fabian Socialism. The people who's lives and futures depend on being right are telling me that we're looking at the next 12 months of contraction in the Mortgage Industry, and that's typical. I expect it to be far longer, something closer to 24 months. The truth is, they're planning for a full blown, hard nosed, "will work for food" style recession in the coming year, and I think they are being optimistic. So far, I've been right. The worst thing that happened to me in 2020 was that I was right, but I was late. I don't intend to be caught off-guard.
You can't stop this, nothing can stop this. The 2020 lockdowns and stimmy-checks led to the the supply chain shortage. You haven't even been hit by the spike in food prices that are coming from this year's lacking harvest, from the Russian-Ukraine War. The government already printed more money.
The Biden Regime wants to blame the Fed so it can give itself a "Brenton-Woods moment" so that it, and it's Fabian coordinators, can introduce Central Bank Digital Currencies (CBDCs). And here's the really bad news: the CBDC's are just a desperate attempt to paper over a sucking chest wound to the global economy by seizing control of all economic transactions on Earth. It's the very definition of Diminishing Returns.
Even CBDC's can't stop what's coming. Even if it got close, the demographic collapse as the Baby-Boomers die out and put their houses on the market would cause the Real Estate bubble to pop, and with it still goes government bonds.
THE PERENNIAL GALE OF CREATIVE DESTRUCTION WILL NOT BE DENIED
All that the Fed can do is managed a controlled decline of the global economy, not just the American one, the whole god damned thing. Frankly, Biden being so inept gives them more room to maneuver since damaging his political capital doesn't mean shit. But all of this assumes they can manage it. All of this assumes that our enemies are the smartest people in the room, with the best laid plans, and the greatest wills. But the terrible truth is that no one is in charge. Our enemies are malicious idiots who hate us, want us dead, and are so stupid they are violently struggling against the consequence of every decision they've ever made, blaming US (literally you and I) for all of their problems. It's because we didn't wear the mask that the whole global economy has to be seized. Hence, why they hate us. The people who could have stopped this are long since gone to help them.
This isn't going to be The Great Depression v.2. This is The Great Collapse. It is The End of <Fabian> History. The economy must correct, all of it. It can't be put off for another 3 decades. There's no way to do it. Our lies have incurred a debt to the truth, and we are no well beyond bankrupt.
Save your money, save your assets, stock your food, and more importantly than anything else: build and protect your social relationships with your friends, family, and community.