Want to buy a house? that will be 7.5% interest goy.AAAAAAAAAAAAAAAAAAAAAA
>>544200085Israel first!
>>544200085Id rather high rates and low prices than low prices and high rates. The later causes an asset buble and insane insurance prices/taxes and the former allows savers to be rewarded Fuck the post 2008 artificially low rates, they fucked this country up. Most harmful policy decision of American history besides importing niggers
>>544200202
>>544200202>Id rather high rates and low prices than low prices and high ratesSo how do you feel about getting high rates and high prices instead?
>>544200202Agreed. Better to have a strong currency with expensive credit than cheap credit and a weak currency.But who doesn’t prefer this? Bankers and insurance companies.
>>544200085Piggy bank gives money 0% rate...but you have make depositions first.
>>544200085Housing tends to stagnate when interest rates go up. Thus, it is easier to lowball boomers trying to sell their house to retire.You can then renegotiate your loan in 5 years.And/or you can pile up money until the next interest spike and pay cash (or bring a massive cashdown).Stop being a victim to what happens. Make the best out of it.
>>544200370Prices are dropping in every part of the country except Boston and new yorkNew york they are flat. Boston they are still rising but the curve has lowered. Its possible this spring was the peak for boston.I frankly dont care about Boston and new york
>>544200202Actual knower. They are going to 10% thank God.
>>544200202Proofread your posts dumb fuck
>>544200202Shalom!
>>544200202Higher rates are inflationary.
>>544200370For me it's low rates and low prices, like 2020
>>544200085cost of living has gone up 40% in the last 5 years, wage by 9%.where is the missing 21%?
>>544200573Latter is the only typo in that post. If that caused you confusion youre ESL struggling to process each word regardless of context. kYs
>>544200613Get a load of this Erdogan
>>544200613Wild. The biggest housing inflation happened when rates where 3%
https://www.youtube.com/watch?v=pex89N9Oqoghttps://www.youtube.com/watch?v=je-1eTl6J0ghttps://www.youtube.com/watch?v=vKymAsuxDGghttps://www.youtube.com/watch?v=mvLmFaPvUL0https://www.youtube.com/watch?v=_E464oOQ6Twhttps://www.youtube.com/watch?v=ql0OFY7W3Qs
>>544200660You said the same thing twice and pretended they're different you absolute dipshit
>>544200651To niggers
>>544200697Rates have been under 5% since like 2014. It wasn't until the government handed out money for free in COVID times that prices all spiked
>>544200728You think high rates and low prices are the same as low rates and high prices?Did you finish highschool?
>>544200202You're never going to get "low prices"
>>544200502shouldn't you be raping children in a goylodge? you're quite the working girl
>>544200850Prices were rising in 2015 too.
>>544200920>shill for Bernakes ZIRP bullshit>calls others kikesGood goy
>>544200085If you would like to borrow my money. Then put my dick in your mouth and watch your daddy get rich. https://www.youtube.com/watch?v=Q1alKKG3BiI
>>544200850You mean governments. All governments printed at the same time.Don't like it?Take it up with all the other nations that printed.
>>544200697sure, but the timeline is important here. you had 3 things happening at once: the rise in remote work along with COVID and BLM riots. so you had a large amount of people all looking to buy/sell a home and the low rates played into that. in general, lower rates lower the cost of production. but that assume the economic elite in your country actually want increased production. in a rentier economy like the United States, they have shown time and time again they want production limited to keep asset prices high and potential for nationalization limited.
>>544200502Does this strike you as "cheap prices"?
>>544200085Interest rates should be higher. Much higher. Like ~18%
>>544201034The housing bubble startedLong before covid. Covids 3% rates (2.5% for a moment) put it into hyperdrive. The low rates since 2008 were applied for far too long and made housing unaffordable for a generation
>>544201094No because those prices reflect a bubble caused by low rates.
>>544201116
>>544200863That's not what you wrote, you wrote:>Id rather high rates and low prices than low prices and high ratesHence why I told you to proofread your posts. Feel free to apologize any time.
>>544201124>The low rates since 2008 were applied for far too long and made housing unaffordable for a generationYeah, I don't think anyone is buying this bullshit you're selling.
>>544200926Value of housing does not = price of all goods in the market
Why is everyone on this website so retarded? Is it literally just the influx of brown brained nigger jeets? Holy shit, you faggots
>>544201210What your daddy do? go be poor somewhere else. This is a non communist board.
>>544201238I dont really care about the price of all goods in the market. I care about the single most expensive good I will ever purchase in my life that dictates 50% of my spending and is a requirement for life. Why would I want houses to double in price to save $50 on a flat screen tv?
>>544201158How about this? The gap seems to widen during bubbles but still grows over time regardless.
>>544201438Rates dropped every point of that graph since 1985Rates rise every time prices of houses drop
>>544201273Not me, I'm a smart white guy. I know what caused inflation and it wasn't low rates, it was giving free money to poor people who spend money instead of invest. See >>544200850
>>544201201It's so bizarre to see people constantly shill a gold standard. I just cannot understand what they are seeing.Why do they want economic activity -- that is, the ability to produce goods and services -- to be limited by this metal that is not needed, or needed in very limited quantities, to actually perform most industrial processes?Nobody knows! It doesn't make any sense. They can't really explain it other than "well you just shouldn't do it!". They sometimes try to get more intellectual and prattle on about "government malinvestment", the idea being that if spending capacity is obtained too cheaply through the government than you have bubbles of misinvestment form. Though they never seem to complain when this excessive spending capacity is obtained through exploiting workers.So it becomes rather obvious that it is simply a political tool for a political argument that they should have the right to choke off the economy whenever they went. Even their fiat rules, wherein the central bank cannot buy bonds on the primary market, are designed to mimic this metal standard.And even when we had a metal standard, these niggers ditched silver the second upstarts out West started finding lots of it. Using the same obfuscating language around "inflation". Well, the economy has to inflate to grow.
>>544200085Thanks Zognald.
>>544201491The majority of the stimulus check money went to paying off existing debt. It was directly deflationary.
>>544200502
>>544201094>nominal dollarspretty disingenuous graphic thereThe $23,620 in 1985 is $70,782 in 2025 dollars, so the median income did not increase by 252% which would be insane, rather it increased by about 17%and likewise the median sales price is $248,129 in 2025 dollars, which means an increase of 68%There is a gulf between income growth and price growth, but if you're gonna do stupid shit to make the bar look bigger you may as well just leave off the numbers, there's no y-axis anyway
>>544200085Lol I bought a house right after trump won the 3rd time because I knew prices would go up and then Democrats would get blamed for the inflation from trump when they win but since I have a house I want the inflation now. I've become the boomer.
>>544200085More importantly, how will YOU work hard to make sure boomers can die in the lap of luxury?
>>544201358Ok well you seem like you got your head screwed on right. So either move to the middle of nowhere where its safe to construct a home on shit land by yourself. Or supply and demand build a construction company and just low ball the shit out of your competition..OR rent and you can own nothing and be happy like the fucktards pissing and moaning.
>>544201358The only way to get home prices down is to build more of them. If there were so many houses on the market that the market value of a house was $350k, would you really give a fuck if the mortgage rate was 7.5% instead of 3.5% on $550k? Do the math nigger.
>>544201571lol. Lmao.
Prices in gold are going down. Toiler paper isn't real money.
>>544201784This is how the housing market in China Collapsed. Everyone swinging a pick axe suddenly owned 5 houses and it broke the housing markets back. And gov. said tuff tiddies go cry in your beer. you own 5 houses and 8 cars you nigger.
>>544200202>high rates and low prices>low prices and high ratesI’d rather be rich than stupid
>>544201484Okay, but where are the low prices? You said you prefer high rates and low prices. I asked you how you feel getting high rates and high prices instead. Where are the low prices?
>>544201619The ratio of price to cost is what important, anon, not the nominal dollar amount. A dollar is an abstract quantity -- your purchasing power is the same when you earn $1 and buy a candy bar for $1 and when you earn $10m and a candy bar costs $10m. The ratio between income and housing costs is what's skyrocketed over the decades. And even this doesn't capture the full picture because it obscures precisely how poor the bottom quartile has gotten and precisely how out of tech housing actually is.
>>544200085>7.5% interest goy.7.5% MINIMUM t. living in a shithole with 14%
>>544201949China is an entirely different case. In China, retail investors basically don't exist. Investing in securities is only for connected people. The only real investment vehicle for average Chinese is housing, which led to massive overbuilding of homes no one would ever live in even if the population were growing, which it isn't.
>>544201492You are confusing the fictionalized, fictionalized, ponzi scheme economy with the real world productive economy. The real world productive economy does not need debt based paper to function. In fact, the debt based paper has been siphoning real value away from the real economy to feed the speculative ponzi scheme economy for decades. That is why there is a $40 trillion "government" debt weighing down the tax cattle. Saying "The economy has to inflate to grow" is utter nonsense. That is only a "thing" because "inflation" is the cost of usury. (When they borrowed the principle into existence, they didn't create the interest.) Usury is parasitism. Usury has destroyed the real economy. If you must rely on debt for your business, you are a horrible business man. Everyone (except a few cantillon adjacent people nearest the currency printer and the parasitic scumbags who masquerade as "government") would be better off with sound money.
>>544201784>The only way to get home prices down is to build more of themHousing is the main investment vehicle for middle-aged and old people, who make up most of the country. The median age in the US is 40. Countless old people are financing their retirement on nothing but home equity, or supplementing their income by renting out a second property. Bringing housing prices down is not even a goal, in fact the goal is to keep housing prices up. If prices fell it'd create a massive strain on retirees and petty landlords who make up a pretty big voting bloc, so they are protected at the cost of everyone else, and the future of the country.(this is putting aside that the president happens to be a former real estate developer)>>544201949What you're missing about the Chinese "housing market" is that there is no form of private land ownership. You cannot actually "own a home" in the sense that the land itself belongs to you and you are a landowner, and this land gets passed to your descendants who accumulate more land and eventually become landlords.Home ownership is a 70 year lease for residential use. The government owns the land. So if the PRC government says "stop building homes now" it makes sense as they are the ones deciding who gets the rights to own homes on that land. The point in this case is to maximize home ownership, which sits around 96%. Basically they built enough houses now so they stopped. It's unfathomable in the US system which would never allow supply to get that saturated, because it falls way beyond the market's "optimal" price point i.e. having millions of homeless people and millions of landlords at the same time.
>>544202734I'm not interested in listening to you babble. There is no reason for gold to be involved in any economic process it isn't physically, chemically required to be in.I wouldn't use sheet rock to make blue jeans.
>>544200202Is that what happened in the 80s?
>>544201784>low interest rates goodgood luck outbidding private equity firms, banks with billions and billions and quadtrillionbillions dept/loan potential, shell companies on your supposed 'free' market. Imagine a Monopoly game wherein your competitors started 200 steps prior and already everything is bought and overappreciated to keep up the fakery, and pretend you can have 200 aces in a row with 1/1000 odds to win.They are also not interested in to build more homes, since it depreciates their business potential and will do everything in their grasp - even killing -, to keep winning. (if you thought you bought a home at a good price - only achieavable through loans, since the overvaluation -, it was sold due to future predictions measured that place will be shithole in the near future, so economic downturns is abound - they will also rig the system to produce the downturns, and buy up cheap afterwards)unregulated market monopoly is a bitch, and bottomless usury gets you headless fast (frenchies tried that with grain and food in the 1780/90s, first and last time - nobody was dumb enough to reproduce it 'accidentally since' yet, here we are)
>>544202734>The real world productive economy does not need debt based paper to function.Every manufacturing and resource exploiting industry in the world takes on (hedged) paper debt to keep functioning.
>>544202958I have no idea what happened, but if /pol/ has taught me anything, it was caused by the jews.
>>544200202Zero price discovery mechanism exists in any worldwide capital markets, least of all real estate.Real estate is where every entity is dumping their spare assets and cash, all of the time constantly continuously. It is after the 1990s most bubbled asset market on Earth, particularly across the west.>>544201438>>544201484 "muh price of houses dropped" <---*WRONG*.>>544202257Picrel
>>544202902Gold is money, dumbass. Currency is debt. You are advocating for a system of theft. Theft is a crime.
>>544203426All money is is inducement to create real assets.The guy is complaining that people don't use it properly for that purpose, but he's deluded himself into thinking that magically attaching it to a metal will -- when there is no historical evidence for this.
>>544203616>Gold is moneyMoney is whatever the State says it is. It is a creature of the State and a unit of account. Despite what goldbugs will try to shill you, there are many historical examples of economies explicitly not using gold as money.
>>544203628There is ~4000 years of historical evidence supporting the morality of sound money and the immorality of debt.
>>544200769Yeah its niggers not jewish billlionaires who put Trump in office.Are you really this stupid?
>>544201094The total amount paid over those 30 years still decreases the income-to-price ratio though. In 1985, you'd have paid a total of 315k for that 83k house, a 13.5x from the original income, while in 2025, you'll pay a total of 976k for that 416k house, putting it at a 11.7x ratio. Today prices just filter those who don't have a high income to apply to mortages, that's the main problem. But if you can afford it, you end up saving money over time to invest in other assets which grows your net worth more easily.
>>544203702>there are many historical examples of economies explicitly not using gold as money.And they all quickly fail through hyperinflation or default. If you want prosperity for real people sound money is the only way to go. There are very good reasons that article one section ten was included in the constitution. There are very good reasons that only gold and silver are accepted as payment for a debt.
>>544200085bond market is closed today?
>>544203716Why doesn't China use "sound money"? Why didn't Germany? How did they turn their economy around with no gold? Imperial Japan? How did they perform these economic miracles with no gold? A gold standard is like if you hired a carpenter to build a house and he has the tools, the lumber, and the skills, but then he tells you he can't get started because he ran out of inches.You see examples of this all the time. You used to need petroleum fuels to drive a car, now you don't necessarily.
>>544200085Thank you, Mr. Noseburg. You and your bribed and blackmailed pedophile politician puppets in Washington D.C. truly are our greatest American allies.
>>544201949Why would that be a bad thing, though? Deflection of prices is good in an economy if it comes from a surplus in production. It's exactly what happened during the Gilded Age and as much as leftwing niggers like to deflect to the poor workers conditions, it's precisely what led the USA to become the superpower that it is today.
>>544203841A government that issues its own currency cannot be forced into default. Hyperinflation is really hard to do, which is why you can count the modern historical examples on 2 hands (it might actually just be 1).
>>544203988https://www.cnbc.com/2026/10/12/china-gold-buying-interest-rate-.html
>>544204072>Deflection of prices is good in an economy if it comes from a surplus in production.They don't want people to understand this. They don't want people to realize that production has more impact on inflation than anything else: it is the hard availability of goods and services.This is why they engage in all of their obfuscation about money, because it lets them avoid a harder argument to make: that we don't actually have the resources to just produce more.Because once you realize that, you can start using State power to more efficiently allocate labor or streamlining essential services where capitalists are skimming their rake-off from.
>>544204159Why doesn't China use a gold standard? Your article is not about China using a gold standard.A gold standard means your currency is convertible at a fixed-rate into gold.
>>544203628>>544203702>9 pbtidMoney is debt.There are only hard assets (which includes PMs)>"inducement to create real assets"*WRONG*.the post-1970s global economy is Financialized.All wealth today is sourced, generated from (no, not 'capital', 'labor' or 'work') *speculative debt instruments*.Most transnational corporations today shovel their profits into (no, not capex improvements of their own manufacturing output /product) *buybacks of their own stocks* to artificially boost valuations on exchanges. Corporations don't give a flying fuck about their own product (look up : 'enshittification') which might as well not exist at all whatsoever, along with the entire Real Economy of goods-services-commidities itself. None of them do, it's a superfluous obstacle to making money off of money alone.Real Economy of goods-services-commodities is entirely walled off, segregated from the wealth-generators and their black box gigacasino entirely backstopped 24-7-365 by continuous infinite QE from central banks (that is debt placed squarely on the backs of sovereign citizens). Nothing about HNW activities in the post-1990s (nineties: 1999 repeal of Glass-Steagall when the global investment banks officially became casinos) world has anything to do with what 99 percent of Earth citizens do or their welfare, it's all about the wealthiest 0.0001% and their activity.>"The real money to be made in the world today *is not by producing anything at all*. It's simply by form of speculating — basically making money from money. That's the most profitable, and by far and away the biggest form of economic activity that exists in the world today."— Nick Dearden, quoted in the documentary film '97% Owned'
>>544202734>If you must rely on debt for your business, you are a horrible business man.You really have to be a retard to assume that debt is necessarily a bad thing as vehicle to borrow from the future and grow in the present. The problem with the current system is that debt is some magical numbers on a screen that get wiped out without a second thought or consequence when things fail and it's impossible to account for since no hard assets exist to cover these bad investments. Debt, as an instrument to invest and grow your networth has existed all the way back to the Medici's, perhaps even longer than that. >would be better off with sound money.But I agree with this premise, and it's why gold (or any other asset that provides that function) is actually a good thing. Europe is completely fucked because it thought debt and social welfare could co-exist without a proper economy and now we are suffering the resulta of those policies. None of this would have been allowed to foster and grow up to this point on a gold standard.
>>544204451>Debt, as an instrument to invest and grow your networth has existed all the way back to the Medici's, perhaps even longer than that.You are describing leverage. Which is a legal form of theft. But you're right in the sense that people adapt to the system they are trapped in. Even when the so-called "system" is based on theft.
>>544204451Rightoids think money is the same for them as it is for a national government.They also assume that the self-imposed constraints regarding government issuing currency are scientifically tested for best practices instead of deliberately handicapping the government to use the full extent of its abilities.
>>544204650If you don't have any gold, you don't have any leverage under a gold standard. If the farmer has to sell his vegetables, he isn't going to win a race against gold that doesn't rot.
>>544204824I don't need leverage because I am not a thief.
>>544202958>>54420345280s was stagflation because we went off the gold standard and kept spending shitloads of money so there were too many dollars in circulation and we went from gold being $35/oz in 1970 to $320/oz in 1985 so those super high interest rates were there to try to reduce inflation by reducing the money supply (and it made banks rich) so couple that with reagan and thatcher reducing taxes for the top earners and offshoring our manufacturing and you get the point at which the jews started to really destroy the US financial system and middle class.
>banks can borrow at 4%>no you can't, you need to be an 'eligible institution' to borrow directly from the fed. some of us (that's you STUPID GOY) need to subsidize the nigger default rate.
>>544205010What was the first gold mine purchased with?
>>544205260Once you understand that government spending is the origin of money -- the government needs to spend it into existence first before anyone else has it -- it becomes exceedingly obvious that higher interest rates don't curb inflation by reducing the money supply. They just choke off funds to regular people and increase income for bondholders.
>>544205319possibly by futuresif the future potentials are great they don't kill you for a shitty noncorrosive metal source able to be forged into sword and armor or tickets, to make the first army to get infinite future potentials in societygood luck selling shit futures <- we are here
>>544200085funny thing is, so many people keep their money in the big banks (BoA, Wells, etc.) and get completely shit in regards to interest rates on their savings - which should go up when the Fed raises rates. Wells is at like 0.15%? or something shitty like that. most big banks offer almost no interest on savings anymore (unlike the past when it was quite high).move your money to a bank like Sofi that offers decent interest rates on savings if you haven't already.
>>544201577Looks like they work.
>>544205843there used to be savings accounts available through the postal service, whose ability to pay interest and make good on it was obviously ironclad.i believe it was the banking act of 1935 that legislatively fixed their interest rates at 2%, so as interest rates rose in the 50s they were no longer competitive at which point the banking lobby pushed for them to be phased out claiming they were unpopular. obviously there is no reason whatsoever from an operational standpoint that the postal service could not offer competitive interest rates more in line with the market -- again, because it was a cabinet level department of the entity that issues the currency. there is never any interest payment that the issuer of the currency can't make.
>>544200502>prices are dropping>from the 1000% they've gained since the 90sAsking prices are still astronomically too high, 1000x so for rates 5% higher than they were a couple years ago. Not even accounting for PITI beyond interest a 400k house would have a ~$3,000 a month payment. Realistically it would be more like $4,500+.
>>544204774 <--18 pbtid>a national governmentAll governments in the west are dependent on private central banks for their solvency and salvation, i.e. their entire existence is via and because of nothing but Debt and continuous issuance of it. (As posted upthread, all post-1980s asset markets globally generate all wealth exclusively from *speculative debt instruments*.) Everything is debt, all that you see, consume, touch, eat, use. It's all debt.Unearned income has become the primary method by which the global economy's top establishment, using debt note fiat currencies and debt instruments, are creating wealth and increasing GDP (that is less and less comprised of actual goods/services in the Real Economy while more and more comprised of Financialized debt and speculative instruments). Making money off of money—aka debt—itself is what most economic 'growth' today consists of.Global debt topped $255 trillion in 2019 and $350 trillion in 2025, almost four times the amount of all global economic output. Public debt—sovereign debt of governments—in 2026 comprises ninety-four percent of the entire global economy; IMF predicts in three years that reaches one hundred percent. Advanced economies are now paying $3.3 trillion in interest on internationally traded government bonds as of 2025: that is more than the entire world spent on defense or artificial intelligence (AI). World governments will soon owe as much as the entire global economy produces in 12 months duration. Total debt levels and deficit spending of the past 30 years has eclipsed that of the past several centuries of western civilization, and absurdly low and negative interest rate borrowing costs have incentivized national governments to no longer borrow on the expectation that they will repay, but rather the expectation that they will refinance.
>>544205319Labor.
>>544205636Most "money" (fiat currency) comes into existence through bank loans.
Pressed dust and glued wood sweepings impress white people so.muchbtey go into 30 year debt and call.it an investment.
>>544203759Jewish billionaires print fake money to buy real stuff that is consumed by niggers. Without niggers to actually consume tangible stuff, cost of living couldn't outpaces wages because real production and real consumption would still match. The actual stuff has to go somewhere. Money is fake and doesn't matter.
>>544200573why are you ESLs always the most unhinged?
>>544206988>"money" (fiat currency) comes into existence throughWrong.Yes the 1:9 reserve lending of national-regional banks does create *loans* off of a computer screen. But that is *not* how currency is created, nor the original river source of money (aka debt). * * * * * * * * * * * * *Money is created *as debt* by central banks.* * * * * * * * * * * * * How is currency created (brief excerpt from 'Secrets of Money' series)>https://rumble.com/v76j82ahttps://rumble.com/v76j82aYou need to understand *what money is* and how it is created.These are essential viewing and comprehending for all anons itt :* * * * * * * * * * * * * * * * * * * *The Money Delugehttps://www.youtube.com/watch?v=t6m49vNjEGs97% Owned — How is money createdhttps://www.youtube.com/watch?v=XcGh1Dex4Yo* * * * * * * * * * * * * * * * * * * *Professor Werner brilliantly explains how the banking system and financial sector really work—https://www.youtube.com/watch?v=EC0G7p4wRE
Professor Werner brilliantly explains how the banking system and financial sector really work—https://www.youtube.com/watch?v=EC0G7pY4wRE
>>544207434Most debt comes into existence through bank loans. (Mostly mortgages.) But yes, some does come into existence though central banking, quantitative easing, etc... Also... There have been no reserve requirements for years now. (The Federal Reserve reduced reserve requirement ratios for all depository institutions to zero percent on March 26, 2020)
The Fed destroys the base money so quickly that it's still negative real interest. The house prices must come down. Re-Migration is needed. And this is not just true for the USA.
>>544203793>Today prices just filter those who don't have a high income>if you can afford itNo one is contesting the fact that this is a great time to be well-off. The well-off are more well-off than they've pretty much ever been relative to the poor in the post-industrial age. They have more political power, more economic power, and more luxury than at any point in recent history. They have to do the least work to maintain it and have a gluttony of luxuries to choose from. It's a pretty terrible time to be poor, though, isn't it? That's kind of the problem. If you didn't have to pay rent, you'd probably be able to afford a down payment on a house at a low wage... eventually. But very few of us can have that arrangement. Most of us pay over half our wages on rent alone, spend 45+ (more, including commutes) outside the home, and often come home so exhausted all we have the energy for is ordering out and doing some kind of escapism. Never before have so many had to work so hard for so little. Anyway, "just be rich" or "just tolerate misery" aren't appealing or possible options for many. Something has to change.
>>544206902>private central banksThis is just intellectual garbage that libertarians spout off when they realize you've figured out their bullshit.The Federal Reserve is an agent of Congress. It was created by an Act of Congress. It can be modified, expanded, or abolished by Congress at any time. It is legally required to turn over all profits, minus expenses, to the Treasury.There is the whole cottage industry of anti-Fed shills who exist to obscure and obfuscate that the problem is not the Fed's existence, but rather the restraints and conditions placed upon it by the banking industry libertarians stan for.
>>544200085You can buy A house just fine,in fact houses now will be cheaper. You are worried about the 'price' of debt
>>544207493Why don't you talk about Werner's (correct) conclusion that the quantity of credit is largely irrelevant compared to where said credit channels?He's making a direct argument for MORE State oversight. This is exactly the function MITI performed.
>>544200502they are still twice as what they were when rates were at 2%. the fact that it's decreasing doesn't mean that it is less.
>>544200085You voted for this.
>>544200085Pay with cash, avoid usury.
>>544207434>Yes the 1:9 reserve lending of national-regional bankswrong it is zero, the federal reserve ratio is zero.
>>544203458Here's the clearest evidence of The Crime.>The widening gap between MSPUS and MEFAINUSA646N quantifies the degree to which credit expansion, monetary policy, and asset-class speculation have inflated housing above fundamental economic output
>>544207728You'll get no argument from me on that dude. I do think the system is becoming broken beyond repair, we're crossing a dangerous stage where a significant portion of the population does not feel like being a productive cog in the system is worth it. I was just saying that the housing problem is that we don't have a system that gaps that difficulty to get your "step on the door". I know the Irish have a 30% stake on that the government gives you, means they keep 30% of your house if shits goes belly up but allows young families to get started. They can always buyback that stake later in life. Maybe you also need that in the USA, I don't know.
>>544200085good, let it hit double digit and stay there
>>544208212There are Key tangential details, that fully explain the devastating loss of Standard of Living, EVEN AS housing started to become unaffordable:Every other household cost ROSE as well.FOODENERGYINSURANCETRANSPORTMEDICALAPPLIANCESetcetc
>>544208168That's what the prior anon:>Most "money" (fiat currency) comes into existence through bank loansWas attempting to refer to. Reserve requirements (that yes **in the United States** as of 2020 were set to 0 nationwide)That's why I quoted *that part of his post* # 544206988
>>544208519Reserves have never had anything to do with issuing loans. This is a red herring.
>>544208359I love how infested with leftards this place is, they can't help themselves with their meme garbage. Point to Europe where exactly do you think socialism or hard leftwing politics worked, please. Our housing crisis is steroids compared to yours, I assure you we wish half of your "trickle-down" policies to increase our wages, they have been practically stagnated since the turn of the millenium.
>>544200085I just bought a house this year. My interest rate was 0. I love out-Jewing the banks.
>>544207783>>544208581>21 pbtid sub-brainlet MMT shillbotRE: loans (the video *(You) didn't watch or comprehend*)—Professor Werner brilliantly explains how the banking system and financial sector really work—>https://www.youtube.com/watch?v=EC0G7pY4wREWerner advocates for more agency and authority of credit creation (for any nation) to be placed, distributed across a national-regional network of community and local banks. Instead of the central-bank-focused, top-down model of the ECB, Federal Reserve etc. where the Cantillon effect doles out all the newly-created currency to the top vendors (refer to the short rumble video in >>544207434)>>544207593All currency and money globally = debt. Created by central banks.*****READ***** — >>544206902 <------------____READ____ it (You) stupid fuck tard.Interest Payments on the U.S. federal government debt now vastly exceeds annual discretionary spending. At this pace of spending the U.S. Treasury reaches total default in four years from now. Global debt market aka bonds won't last nearly that long.no debt exists or occurs, without Interest Payments>'Federal Reserve is an agent of Congress'*WRONG*, MMT shillbot.the Federal Reserve Board __reports to__ Congress but has zero accountability to them or any other entity. Private investment banks are the Primary Dealers (suppliers of 'printed' currency) for every central bank including the Fed, and the shareholders of the U.S. Federal Reserve are not specifically disclosed. The Fed like most central banks (except the nationalized ones, that are few worldwide) is privately owned and held. It's a private bank, nothing to do with the government or its oversight/accountability.
>>544200085Last time it got to 8% the housing market crashed and we went into Recession.
>>544209098Two big problems with your core assumptions that you make every time we communicate.1) That paying interest on debt is somehow difficult for the currency issuing government to do. It's not. They just credit the account.2) That the government has to sell bonds at all or sell them at interest, outside of self-imposed restraints.
