Has The Fed Used The Same Tactic To Fool The People Again? - Episode 1337a
As the Greek crisis continues to spiral downward, the housing market gets hit and value of homes decline dramatically. Rental growth declines, following a similar pattern in 2007 going into the 2008 recession.
Philly Fed slumps. Corporate media reports that to many Americans are purchasing homes they can't afford, it begins. ECB is ready to push stimulus if the economy starts to decline and falter.
The central banks know that the collapse is headed our way, this is why they are prepared with stimulus. The Fed, like they have done in the past has fooled the American people, they will be rising rates, to bring down the economy.
I am ready, thanks to x22report
I live in Sydney Australia, and the effects of the economy are really showing. Power prices are 2x the ammout of anywhere else in the world and continue to increase, huge amout of layoffs in various industries. (Including mine, and I am happy I have a job at the moment!)
We see the government continue to 'waste' money on various projects with funds that dont belong to them further increasing our national debit.
Housing prices are though the roof. The average price in Sydney is sitting around that 1million AUD mark or 600k fora 2br appartment making it impossible for anyone under 35 to get into the market and buy. People in the market are happy that there house price is increasing, but not understanding that the value of the dollar is decreasing rapidly. I think its going to be a big wakeup call! Lets see, I could go on about the problems in Australia but its not that different from the USA.
alhoppo
Yes
We can peacefully crush the bankers by moving away from their ponzi printing fiat scheme. Viva the crypto revolution! Great report!
Bitcoin to the moon... I just wish I had more money to start with. Sadly I couldn't re mortgage my house to buy bitcoin on monday. :(
Lol.
https://steemit.com/crypto/@cryptotron/the-end-is-near-for-some-but-the-beginning-is-near-for-most
Great post, please do me a favour. i will follow you, resteem and upvote everyday while you do same to me.
Crypto is the answer
And realizing that money isn't real..it's all virtual units created on a general ledger.
This is what "moral hazard" is all about. If the fed keeps buying bad debt off of the the banks, the banks will keep lending to anyone with a pulse and their pets. The banks must be allowed to go broke or this insanity will continue. The banks should have all been allowed to go broke in 2009. The debt bomb has only multiplied as a result of the bailout, TARP.
If they could be audited it would blow our minds on the complete waste and shafting of the citizens.