Meanwhile, the interest rate on US 30 year mortgages just hit 6.42%, an increase of 15% in 1 month, and 112% in 1 year. This is happening while real wages have been negative and households just lost $6.1 trillion in wealth in Q2 and Fed is planning to start selling $35 bn MBS per month

by silvertomars Wells Fargo Housing Market Index is now below where it had been in May 2006, on the way down into the Housing Bust At a 6% interest rate, monthly mortgage for a $500K home is 40% higher compared …

READ MORE

Tapped Out Debt Donkeys Burning Through Savings While Running Up Credit Cards As The Fed Destroys The Purchasing Power Of Their Wages. This Won’t End Well

by Boo_Randy Relentless climb in yields. pic.twitter.com/bVIgIQB8e0 — Brian G ☀️ (@alphacharts) September 14, 2022 Uh Oh … Inventory data and mortgage rates are suggesting a serious drop in the housing market Is Fed going to raise rates next week …

READ MORE

Watching the government release a terrible inflation report, while the figurehead of the government was literally giving a speech about having defeated inflation…

by lemonparty …was surreal. Yesterday the government released yet another terrible inflation report, almost 9%, which was larger than expected. The stock market fell over 500 points. Biden gave a speech about how he just finished defeating inflation. What the …

READ MORE

How is it possible that the Royal family is exempt from inheritance taxes while the rest of the population must pay freaking 40% ?

by mOfN81 https://www.businessinsider.com/charles-doesnt-have-to-pay-inheritance-tax-750-million-estate-2022-9 ​ “King Charles has inherited the Duchy of Lancaster estate valued at more than $750 million. He will not have to pay inheritance tax on the estate due to a rule approved in 1993.” ​ Dear UK …

READ MORE

US Shops For Critical Minerals In Canada While Shutting Down Mining Projects On American, expert tells congress need US mining , plenty of supply…

President Joe Biden is looking north for critical mineral supplies to meet government-inflated demand for clean-energy initiatives while the administration shuts down major mining projects on American soil. In March, the president invoked the Defense Production Act to expedite the …

READ MORE

FACT CHECK: Did China give Ivanka Trump $250,000,000 in trademarks while her father was in office? The simple answer is NO. It is complete fake news.

by ReviewEquivalent1266 Over the past decade, Ivanka Trump has sought to protect more than 70 trademarks she owns through a company called Ivanka Trump Marks LLC. The marks primarily consist of her name “Ivanka Trump”, “Ivanka”, and “IT” for various clothing and …

READ MORE

While Pelosi had you distracted with her trip to Taiwan, Biden signed EO 14067 Moving the US to Klaus Schwab’s Social Credit system Dig Currency

Biden just created his own currency without congress Executive Order 14067—Ensuring Responsible Development of Digital Assets https://www.presidency.ucsb.edu/documents/executive-order-14067-ensuring-responsible-development-digital-assets This is the same thing Justin Trudeau just did to Canada This will be the mark of the beast you cannot buy nor …

READ MORE