Posted on 03/18/2023 3:01:40 PM PDT by RomanSoldier19
They were stupid. They got caught up in a frenzy of greed and envy. I tried to tell a few of them. My kids for one.
They may be able to keep up the payments and that may be our only hope but they are stuck with them now. Stuck until the mean catches up with them.
Tax rates on these inflated millstones will never go down though. Neither will mine no matter how little I paid for it.
Life sucks. Nothing is fair.
“But Yellin told me all is well.
She told me all the banks are safe.”
That itself should have tipped you off.
Same thing here. My niece and husband bought a $750,000 house in the suburbs of Denver in May 2022 with a 3% mortgage.
The house is probably now worth $500,000.
Like so many others they got caught up in the buying frenzy without thinking about the fact that interest rates will not remain at low rates forever.
Here’s an example of what fear can do to people, as told by my favorite commie, Woody.
https://www.youtube.com/watch?v=BxxKWGTtjNM
More fear porn from the media, at the behest of those in charge of our MANAGED DECLINE by WEF Team ByeDone.
“””I’m hoping so. It’s looking like a good time to buy to me.”””
If this banking crisis plays out as expected, the stock market will take many months, if not, years to correct itself.
Cash is king at the moment.
Study is here - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4387676
Chinese Communists running police stations and investment enterprises in the United States: "Who you calling losers? Our friend Zhao Bai-den always helping us win."
The Fed will backstop banks that have connections to China and those that are woke enough. The rest will be hung out to dry.
Here we go....
Digital Currency
A collapse to make it really official /shiny side out
Wonder 🤔 if there can even be bread 🍞 and soup 🍲 lines these days - in our chaotic society
But there probably will be.......
They’ll be needed
Seems to be a war with bankers against the power of the fed.
Bankers are forcing fed to stop rate hikes or depression looms.
Mohamed El Erian has an updated version of that chart on his LinkedIn page.
The spike for last week is even higher.
He is the guy to listen to.
I wish they would list the banks in trouble.
why? to create a run on them?
I too would like to see that list of 200 banks.
I was wondering that, too.
I suppose if they listed the troubled banks their collapse would be a self-fulfilling prophecy.
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