Goldtent TA Paradise

George Gammon – The Fed’s New Plan To CRUSH Home Prices

1. Fullgoldcrown says:

   March 11, 2023 - 1:24 pm at 1:24 pm

   I really don’t understand why all of a sudden everybody is freaking out over rising interest rates as if there is an evil plan behind it

   This should have been done long ago…but better late than never

   What would inflation look like right now if there was still Zero or negative rates

   Everyone was screaming that the Monetary policy was ridiculously lenient…so the FED is doing what it has to ..No ?

   And so far “officially” the Unemployment rate is the lowest EVER and Economic Activity is great…so why would they stop now with inflation still a big problem ?

   • Homer says:

     March 11, 2023 - 2:03 pm at 2:03 pm

     Yes, I agree with you, Fully. Short-term interest rates were pushed down too low and for way too long, in my opinion.
     The low interest rates were facilitated by the under-reporting of true inflation rates by a factor of at least 2.
     The U.S. BLS has been under-reporting real inflation by at least a factor of 2 since around 1982. They are still doing this.
     Don’t take my word for it, go to Shadowstats.com.

     Certain groups of people have been severely harmed by all of this racketeering. This includes working class folks, retirees, gold/silver investors, and prudent savers.
     At the same time, Big Government, Big Business, and wealthy individuals got much bigger and much wealthier respectively.
     Now the wealthy class wants to buy up more of the real estate at fire sale prices. They seem to always get what they want.