Posted on 01/13/2022 5:10:48 PM PST by blam
the entire federal government financing scheme would crash with higher rates
People have to be entirely sick of these Wall St crooks running their mouths.
The guy is probably 100% right. Why? Because all authority has been ceded to a corrupt, private bank that controls everything.
Interest rates should be determined by a central bank so the other banks don’t have to do the math. Each bank should be forced to, or allowed to if that’s the case, to determine the credit worthiness of a client and set the rate themselves. Right now there isn’t much competition in anything. It may seem like it, but at the end of the day there isn’t.
Go to a mortgage broker, refinance and get your rate reduced. They just shop it the 5 or 6 banks that control the mortgage industry anyway. All ends up in the same place.
I don’t like to go down the road, as I think it’s rather childish, but all of these people need to be swinging from gallows.
The Fed will not raise the FFR. They're bluffing.
Hint: Price inflation can, and does, occur in deflationary conditions.
Most people don't correctly understand the money supply. Most economic textbooks teach it wrongly.
Is that just me saying that? No, it's the Bank of England who said it. Our monetary system is no different from theirs.
Oh my gosh the sky is falling, the sky is falling.
I believe it will get into the low 90's, then sink down to the 45 - 55 range, bottoming at 30.
When we took the Volker medicine the national debt was less than $1T. By the end of ‘22 it’ll be what, $40T?
Interest rates are determined by the central bank - through the FFR.
The Federal Reserve should normally only deal in government debt.
Private debt should be left to the marketplace.
FHA 245a loans for those with growing incomes:
https://thelendersnetwork.com/section-245a-loan/
The Zubu brothers?
They owe me money.
Every time people use a credit card they contribute to it.
A credit card purchase creates new money in the economy.
Paying off a credit card destroys money.
If all debts were paid off then there wouldn't be any money.
The Fed is carrying trillions of debt at face value on their balance sheet.
The "slight" problem is that the debt is actually toxic and worth zero.
They can't sell it. They can't give it away. It's no different than the toxic waste at Fukishima.
“If all debts were paid off then there wouldn’t be any money.”
What happens to the money that was paid to the creditors? Does that vanish into thin air?
L
Great question.
Those creditors also have a balance sheet.
If you unravel all debt to where it's all paid off, then there would be no money.
Money is only created through the issuance of debt.
The Bank of England wrote a great paper on it - couldn't believe they actually told the truth.
Private & public entities could compile inflation indexes, such as a Walmart sales price index, a multi-state property value assessment data base or a fast food worker wage index.
Private loan rates might be based on an agreed upon inflation index or mixture of indexes.
If a mortgage loan rate goes from 3.45% to 3.65%, the qualifying monthly loan payment amount need not change if the .2% increase is tacked onto the principal amount.
I’m getting tired of Walmart raising prices at a faster rate than the interest rate on my bank CDs.
Is it time to finally sell gold?
“Money is only created through the issuance of debt.”
Just haul your gold metal into the melting room, Mister Miner.
Melt & mint.
Mister Miner, here is 99% of your metal back in the form of US government gold coins.
“Money is only created through the issuance of debt.”
Hey Junior!
Yup, you, in the diapers!
Joe Biden and his Democrats just sent you an extra $300 again this month.
Hello, Slick, I’d like a couple of rocks....
Wow you better explain that a bit more.
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