Addicted To Gov! Mortgage Rates UP 150% Under Biden, 10Y-2Y Most Inverted Since 1981 (Unfunded Liabilities 5x National Debt) Gold, Silver UP

Confounded Interest ^ | 07/04/2023 | Anthony B. Sanders

[Kaiser8408a]

Its the 4th of July, American Independence Day from England, but under Biden and The Federal Reserve, Americans are DEPENDENT on debt and Federal spending. In other words, Americans are addicted to gov.

First, Bankrate’s 30-year mortgage rate index is up 150% under Biden. You can see the rapid rise in mortgage rates started with Biden (orange box). Meanwhile, the US Treasury yield curve (10Y-2Y) is the most inverted (negative slope) since 1981. Way to go, Joe!!

On the metals side, gold and silver are up slightly. (Go silver go!!)

On the crypto side, Polkadot is up 1.26% while Bitcoin is down -0.18%.

Memo To Fed: keep on printing! Why? US debt is currently $32.33 TRILLION with $192 TRILLION in unfunded Federal liabilties. That is 5 times the current level of debt!!

[Kaiser8408a]

addicted to gov is right!

[Pearls Before Swine]

“addicted to gov is right!”

Might as well face it.

[Brian Griffin]

Biden only signed the spending bills he was presented with by Congress.

The inflation and higher mortgage rates were the work of Congress, signed off by Trump and Biden.

The higher housing prices were the work of the Federal Reserve.

[aMorePerfectUnion]

I think people expecting silver to be the big winner will be disappointed when gold makes the largest gains.

[Pajamajan]

bttt

[Brian Griffin]

“$192 TRILLION in unfunded Federal liabilties”

Medicare costs can be reduced by converting hospitals into real estate leasing entities.

Surgeons or anesthesiologists would lease operating rooms.

Other doctors would lease space for labs and imaging machines.

Nursing unions or companies would lease space for nursing wings.

If the operating room leases assured 24-hour coverage, a sign saying ‘hospital’ could be erected.

[Mark was here]

The Feds offering below market rates for money, actually taxed away the interest you would have gotten on your savings account.

All the easy money the government created, has a real cost.

[Mark was here]

... made a cool video

[TomGuy]

You can see the rapid rise in mortgage rates started with Biden

But, interest rates have been artificially low since the GWB economic crash. Rates plummeted.

Historically, rates in the 1900s ranged from 5% to 6% as typical.

During the Carter years, rates skyrocketed to 16% to 18.45% but by 1990 had dropped to 10% and by 2000 had dropped to 8% as 'the norm'.

The GWB era saw massive GWB and BO bail-outs. In 2010 the rate dropped to 4.7% and in 2020 the rate dropped to 3.1%.


Too many have become too used to cheap money.

[Georgia Girl 2]

I agree. Gold is king.

[Vaduz]

CHECK