I think that the Government and the media are convinced that Americans are absolutely idiots who will believe anything they are spoon fed.
Take for example this ludicrous idea that somehow, on top of across the board inflation on everything, that raising interest rates is going to solve the problem!?
What drugs are these people in the Government on?
How is raising the cost of everyones interest rates for loans, credit cards, car financing and anything loan related going to do ANYTHING but add yet another increase in cost to all the other things we are paying more for now? This is just insanity! The only thing raising interest rates is going to do now is pour gasoline on the already out of control hyper-inflation!
People who are paying more for gas, vehicles, electricity, food, water, utilities, EVERYTHING, will now also be paying more for their loans! Of course the rich have already robbed the Government dry with their less than 2% jumbo loans, be it thru the banks or the Small Busines Administration, but this increase in interest will only hurt the middle and lower class! All the crooks and cheats at the top will have more than enough cheap money to roll over and over again while we're all stuck paying more! Not only that, congress thru their agencies like the Small Business Administration and the big three credit bureaus have put their thumbs on the scales to ensure that ONLY the 1% get these low interest loans and Government programs! I myself am living proof! My credit payment history don't lie like a politician!
As we go into 2022 with our Politicians and their friends fist fucking the Federal Reserve, who in turn fist fucks ALL OF US to pay for it, just know that I am not fooled by the media! Or the Governments out of control spending on television propoganda advertisements that have the sole intent to scare people. It is these MASSIVE spends by the Government in the forum of advertising revenue that has corrupted the media to the point we can no longer count on them for anything other than entertainment at best, but mostly false information intended to distract us long enough for politicians to get another one over on us.
I am totally disgusted with the waste and incompetence at the upper levels of our Government! And the arrogance is putrid!
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What is to give light must endure burning -- Viktor Frankl
All you guys have to do is get rid of the Corporation that is the Federal Reserve, & start printing your own money once again.
US-of-A dollars for US-of-A people ;) !
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
The land of milk & honey should be just that. Self sufficient, like it once was...
Our history tells us that our monetary system does not work, as it always needs expansion, that's based on returns from infinite resources, with interest. Our resources are not infinite, they're finite...
The fact that Europe "had" to expand ( as it ran-out of land, resources, jobs etc etc ) & into the Americas to lose its prisoners, & gain resources, via genocidal tactics, shows how this system both works, & fails at the same time.
There was a time when the US-of-A was so-far-away from Europe, that no-one even cared about her. And in that time, your country was prosperous for all, & self sufficient. This peed the Europeans ( read BANKERS ) right off, & they then cunningly created the Central Banking System via the Federal Reserve, & to this day, YOU are paying back interest on a debt incurred nearly 100-years-ago.
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
Woodrow Wilson was offered the Presidency, all he had to do was sign in the Central Bankers & its federal Reserve Corporation, which he did.
20-years later, in 1933 you were bankrupted as a country...
Roosevelt then made the "New Deal", followed by the "New, New Deal" that guaranteed that your sons, & even your great, great grandchildren & generations beyond, will be paying back this debt.
Over the years, I've linked up great shows for y'all such as Zeitgeist(s) & Alex Jones stuff that sadly, you haven't ever watched, or if you have, even more sadly, never understood or accepted.
Sheez, I've even posted-up the official bankers book that the Federal Reserve Corporation sees as its Bible, "Modern Money Mechanics" ....It seems to no avail...
Anyway, I'm repeating myself, & the links & posts are here already, so what more do you want of me ???....
"You can lead a horse to water, but you can't make him drink it" as the saying goes ;) !
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
Your interest is being paid back to the Federal Reserve Banking Cartel, via POTUS Roosevelt's "New Deal" policies.
That was your one-line answer lol !
Watch this one...I know you claim that some-one left you a copy under your wind-shield, but it seems you lost it, or forgot to view it ;) ! Part-3 deals with the Federal Reserve, but watch all-of-it !
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
I did get a CD on my windshield... I'll take a photo of it the next time I'm in the attic (where I keep old media)...
But here we are... the 30 year interest rate creeping up on 5%!
I understand what the Fed is thinking about "slowing things down"... but what I don't think they understand is that for people that were keeping on top of things, things have been slowing down quite some time ago! And I am not talking about business slowing down, hell no! The business has been flowing harder than under Trump in 2019, except trying to calibrate and adjust every time they shut down or wigged out during the pandemic made it a complete $hit show!
If I had more manpower, sure! I could crank TWICE as much! But I don't! Getting people, at least trades people, is not easy right now. Heck, Taco Bell and Amazon is paying north of $15 an hour! I'm sure I could get some good help at $50 an hour, but would my customer base support $150 per hour labor rate? I doubt it! I'd be priced right out of the ballpark! And that is why I wonder, what is to come?
Overall, I have had help... but I worry about people and business who might have slipped thru the cracks! I got a feeling these interest rates may scratch what they were in the 1980's, which is to say double digit interest rates!
For sure the roaring 20's...
But I still think this agressive intrest rate increase is going to be a bad idea... by the time they get lending standards fair for everyone the rates will be in the mid-teens!
But don't quote me on that because for once I hope I'm wrong!
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What is to give light must endure burning -- Viktor Frankl
They just notched up the interest rate another 75 basis points!
Here we go! And just like that your 30 year mortgage is up to 6% and I am thinking it's possible we could see 10% 30 year fixed rates by years end (I base this on nothing but a hunch) if not even more over time! Think the 80's when they were in the mid- to high teens!
This WILL drive property values down as the lions share of a house payment will go to interest, even though that's just how a mortgage works anyway, it will for sure cool the housing market.
It's also something that will increase borrowing costs for people using credit cards for lines of credit... I don't see how this is going to do anything but throw cold water on a hot economy.
There is a thing called thermal shock... it's not pretty.
This should be interesting to see play out... the end of "easy money"... You can already see it has startled even the top dogs from Elon Musk to Jeff Bezos... When I start seeing these guys whining in public rather than bragging on themselves thinking they are the next best thing since Jeasus Christ, that's when I know POTUS must be doing something right!
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What is to give light must endure burning -- Viktor Frankl
So as I have suspected, the rate increase - at least short term, have done nothing but make inflation worse as companies factor in the extra money in increased financing interest charges they will pay.
Something has to give! We have F150's hitting the $100,000 mark! How can anyone afford that?
I've got an uneasy feeling these interest rates are going to creep up on us quick...
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What is to give light must endure burning -- Viktor Frankl
