Home Ownership

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

https://wtfhappenedin1971.com/ we're still using the economic system the team with the 1 guy we actually impeached came up with.

Because he made the 1% the 1%

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Nixon goes to China?

[Jibartik]

yep, and gold standard swap.

Some of the first major steps towards a 1 world global economy.

Funny how once Americans started carrying the guilt and burden of the world on their backs, they no longer could live happy lives here.

[magnetaress]

sold out to the commies overseas

[Jibartik]

Damn dude, anyone who thinks the bildabergs are not running your life is just a guppy.

https://theintercept.com/2022/07/29/...ditions-worse/

BANK OF AMERICA MEMO, REVEALED: “WE HOPE” CONDITIONS FOR AMERICAN WORKERS WILL GET WORSE
The financial behemoth privately fears that regular people have too much leverage.

A BANK OF AMERICA executive stated that “we hope” working Americans will lose leverage in the labor market in a recent private memo obtained by The Intercept. Making predictions for clients about the U.S. economy over the next several years, the memo also noted that changes in the percentage of Americans seeking jobs “should help push up the unemployment rate.”

The memo comes amid a push by the Federal Reserve to “cool down” the economy, informed by much of the same rationale — that high wages are driving inflation. This year, the Fed has increased interest rates for the first time since 2018. Historically, this has often caused recessions, and that is exactly what appears to be happening now.

It makes sense from their perspective because they make their money when people don't have enough money to pay for things outright.

If folks were paid enough and bought a house in cash, the bank is nowhere to be found in that deal.

If they're not paid enough, they have to put a down payment and get a loan. Now they're am paying the bank more than double what that property was worth over 30 years. You have effectively become an asset for the bank. The loan can also be bought and sold to other banks/investors as a security.

[Kaveh]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

yep, and gold standard swap.

Some of the first major steps towards a 1 world global economy.

Funny how once Americans started carrying the guilt and burden of the world on their backs, they no longer could live happy lives here.

Lots of people are happy here man

You should check out Sri Lanka. It gets a lot worse

Plus, throwing out the baby with the bath water isn’t constructive. America is imminently salvageable. Carrying the burden of the world is what Christ did. It’s the burden of being the best. When you’re atop the City on a Hill, you look down at all the plebs scurrying around like dumb fucks and try how to decide best to keep them from killing one another. It worked pretty well for 80 years now. If it breaks down because everyone embraced spite and resentment, well, a century of Pax America is pretty damn good

God bless! Watched the blue angels in anchorage today, with an appearance of F-22s. Got a boner

[Reiwa]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

Plus, throwing out the baby with the bath water isn’t constructive. America is imminently salvageable

Eminently.

[Kaveh]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Eminently.

You are correct sir

[Jibartik]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

You are correct sir

Do you know what he means?

[Reiwa]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Do you know what he means?

Grammar

[Jibartik]

Anyway: Government spending, while raising the interest rates is about as hostile of a move as management can take.

Loans for the but not for me!