They have a problem, though. They have to raise interest rates to maintain their profit margin, which is going to massacre the housing market. One percentage point in interest rates adds 14% to the cost of a mortgage, which essentially is the same as devaluing single family homes by 14%. So, just going from today's ~3% rates to the 1990's rates around 7% would drive housing prices down 37%. In other words, the payment on a $570,000 house would be the same as on a $1 million house today.
There's no way to escape the carnage of the federal reserve currency, whatever they do next, the currency will collapse. And at this point i would say its closer to a matter of years at best, and not decades
See...this is the thing. How has it not already happened? I mean, I get the slow burn, slow motion controlled demolition aspect to all of it, but even then, how is this carnival still marching on?
I also understand, that, largely, "it" already has happened/ is happening..."If you only knew how bad it really is", that sort of thing. Most young people simply don't understand how bad it is now, because they have no memory of how good it was before. That said, where are the wheel barrels full of cash? The hoovervilles? Etc...
Part of it is that they do exist, in the form of EBT cards, and subsidized housing, i.e. "the Welfare State", which means those things are happening, but they are, essentially, invisible to us, BUT EVEN THEN...how/why does it seem/feel like the shit show hasn't reached it's watershed moment?
It's as I ponder things like this, that I realize how real mass mind control really is.
how is this carnival still marching on?
Maybe it's just yet another case of "too big to fail"...
Collapse and be replaced with...? :)
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