Once the first rate cut happens the dollars gonna fall off a cliff. It makes me almost sick that everyone’s just going about their business meanwhile we’re probably a few months away from a currency crisis. People think the cost of living is high now... they’re not gonna believe what’s to come
By January BRIICS officially dumps USD for il and reserve currency. Starts Jan 1 2024. Lots of countries will be at Fed window trading in their useless dollars.. that literally could incite 40% inflation overnight
I was talking with my neighbor last week and her mortgage is up for renewel in a couple of months and she had no idea that the mortgage rates have gone up...
And while some Canadian lenders do offer fixed-rate terms for as long as 25 years, they come at a much higher interest rate. More common in Canada is the five-year fixed-rate mortgage based on a maximum 25-year amortization rate.
Canadians are more likely to find longer fixed-rate mortgage terms of up to 10 years. One of the biggest reasons longer-term fixed-rate mortgages are less common in Canada is that the Canada Mortgage and Housing Corporation, or CMHC, will only insure your mortgage if you have no longer than a 25-year amortization period, meaning the total life of your mortgage cannot exceed 25 years.
Fixed-rate mortgages in Canada typically have terms between one to five years, says Andrew Thacke, a mortgage broker based in Ottawa. “When you do cross over the five-year mark, you have to then really commit for a long period of time.”
Everyone buys into the debt super-bubble - whether they want to or not. The government, banks, IRS count on you loving your job more than your freedom. Desiring to be ignorant and free - never was and never will be. But don't call it a revolution - think of it as an 'extinction rebellion'. Plato said it best, "The price good men pay for indifference to public affairs is to be ruled by evil men." End The Fed!!
And in this era, indifference means your genocide. The Great poisoning is in full effect. Mind, body and spirit. I would say we are int he cycle of weak men bringing hard times. Hard times bring strong men; strong men bring good times and good times made this country weak.
Generations of stupid parents - never being rewarded for standing-up and 'doing the right thing' - false-hope/belief in the hive-mind protection racket - over one's sovereignty. The tax slaves will forever lick the chains that bind them. What ya gonna do when the well runs dry?
They aren't slaves when 40% of the oldest generations have million dollar net worths.. people love their gubmint.. it sends them mailbox money every month, pays their doctors bills.. no way they will bite that hand that feeds them. And they have the biggest generation in human history dependent on the gumming for at least healthcare and even retirement. It has trained them for 60 years to believe in them. Fed has trained them their stocks are very high yield savings accounts.
... on a long enough timeline the survival rate for everyone drops to zero - so shut up about your generation war Sonny Boy. They may not have worked for the state - but they all do now.
No person dependent on Medicare and the gubmint paying their doctors bills will EVER go against the state. Medicare is worth 100x the crumb SS checks. Average medical expenses in 2022 for someone 65-85 (21 years of life) is 1.8M. And that inflates 12-20% a year.
And how many times have you taken the time to make written complaints to your Congressman? Or read the dozens of annual cases of Medicare fraud by even doctors with 'sterling' reputations?
Spend some time on your word processing program cranking out some letters. Many others have done so.
Hush money/bribes... too bad they won't get to use their knee replacement dough though - the depop vaccine was designed to is kill more of them than Covid19.
Treasury notes must be different than treasury bills because the auctions for treasury bills are on Thursdays. I've been investing in 4 week t-bills and I'd like to hear Greg's opinion about investing in them for short term. They've been paying close to 5.5%. I'm shopping for a stock trading platform to invest in JEPI. I started opening an account with Charles Schwab but I read that their bank is in trouble so I'd rather find one that I can link my bank or credit union account to.
Thanks to Greg, I have a clue about the economy and finances, but regarding the future its looking very stormy. I wonder if they want to destroy the republic before it is 250, and if food and firewood will be next Christmas's hopes.
It is agenda 2025 for the mentally ill western nations.. no one realizes it yet. agenda 2030 is for the rest of the world. Have to get rid of USA in order to move agenda forward for rest of the world. Its them or us.. and they know that. As long as we depend upon their systems and use their monetary fraud system of enslavement, we cant win
Once the first rate cut happens the dollars gonna fall off a cliff. It makes me almost sick that everyone’s just going about their business meanwhile we’re probably a few months away from a currency crisis. People think the cost of living is high now... they’re not gonna believe what’s to come
By January BRIICS officially dumps USD for il and reserve currency. Starts Jan 1 2024. Lots of countries will be at Fed window trading in their useless dollars.. that literally could incite 40% inflation overnight
Yeah these are the good old days
Absolutely no surprise here.
80% of the Sheep( people) are clueless.
I was talking with my neighbor last week and her mortgage is up for renewel in a couple of months and she had no idea that the mortgage rates have gone up...
Up here in Canada 2.4 million mortgages will be due for renewal in 2024-2025 and most of them are at 2%-3%, today mortgages rates are at 5%-6% ...
Forgive my ignorance but don’t most people have a fixed rate 15 or 30 year mortgage? Or are we talking commercial real estate with variable rates?
And while some Canadian lenders do offer fixed-rate terms for as long as 25 years, they come at a much higher interest rate. More common in Canada is the five-year fixed-rate mortgage based on a maximum 25-year amortization rate.
Canadians are more likely to find longer fixed-rate mortgage terms of up to 10 years. One of the biggest reasons longer-term fixed-rate mortgages are less common in Canada is that the Canada Mortgage and Housing Corporation, or CMHC, will only insure your mortgage if you have no longer than a 25-year amortization period, meaning the total life of your mortgage cannot exceed 25 years.
Fixed-rate mortgages in Canada typically have terms between one to five years, says Andrew Thacke, a mortgage broker based in Ottawa. “When you do cross over the five-year mark, you have to then really commit for a long period of time.”
And her payment will now double! Greatest economy eva!
Yes! and when I told her that, her eyes popped out of her head...
LOL! Yes, they are clueless. It is really amazing.
OMG. OMG. How detached could any mortgagee be! Stupid
80% of the American/Canadian Sheep(people) have been dumbed down and brain washed since birth...
True. But very sadly so. The cost of a hedonistic, materialistic society that has forgotten God and sweet Lord Jesus Christ
What if we held an auction and nobody came? Familiar?
Everyone buys into the debt super-bubble - whether they want to or not. The government, banks, IRS count on you loving your job more than your freedom. Desiring to be ignorant and free - never was and never will be. But don't call it a revolution - think of it as an 'extinction rebellion'. Plato said it best, "The price good men pay for indifference to public affairs is to be ruled by evil men." End The Fed!!
And in this era, indifference means your genocide. The Great poisoning is in full effect. Mind, body and spirit. I would say we are int he cycle of weak men bringing hard times. Hard times bring strong men; strong men bring good times and good times made this country weak.
Generations of stupid parents - never being rewarded for standing-up and 'doing the right thing' - false-hope/belief in the hive-mind protection racket - over one's sovereignty. The tax slaves will forever lick the chains that bind them. What ya gonna do when the well runs dry?
They aren't slaves when 40% of the oldest generations have million dollar net worths.. people love their gubmint.. it sends them mailbox money every month, pays their doctors bills.. no way they will bite that hand that feeds them. And they have the biggest generation in human history dependent on the gumming for at least healthcare and even retirement. It has trained them for 60 years to believe in them. Fed has trained them their stocks are very high yield savings accounts.
... on a long enough timeline the survival rate for everyone drops to zero - so shut up about your generation war Sonny Boy. They may not have worked for the state - but they all do now.
No person dependent on Medicare and the gubmint paying their doctors bills will EVER go against the state. Medicare is worth 100x the crumb SS checks. Average medical expenses in 2022 for someone 65-85 (21 years of life) is 1.8M. And that inflates 12-20% a year.
And how many times have you taken the time to make written complaints to your Congressman? Or read the dozens of annual cases of Medicare fraud by even doctors with 'sterling' reputations?
Spend some time on your word processing program cranking out some letters. Many others have done so.
Hush money/bribes... too bad they won't get to use their knee replacement dough though - the depop vaccine was designed to is kill more of them than Covid19.
Treasury notes must be different than treasury bills because the auctions for treasury bills are on Thursdays. I've been investing in 4 week t-bills and I'd like to hear Greg's opinion about investing in them for short term. They've been paying close to 5.5%. I'm shopping for a stock trading platform to invest in JEPI. I started opening an account with Charles Schwab but I read that their bank is in trouble so I'd rather find one that I can link my bank or credit union account to.
I’m interested in the answers to this too.
Same as Jennifer; I have been doing o.k. with 4 week, 8 week and 17 week. O.K. not over the moon but o.k.
Please elaborate.
Later Jay
You can't taper a Ponzi.😎👊🏼
Just buy your own debt with a bounced check.
Easy!
Exactly what the government does but they don't go to court over there debt.
Everything is fine keep burning that credit card , buy houses too!
Account holders AKA stakeholders.
I wish I was...
US Treasuries are now sub prime. Who would want them?
Apparently BOJ is in a bond collapse and news is being quashed..
Yep, not surprising.
Also go back to the bond sale debacle of last August which was a disaster. Follow the money so you can protect yourselves~!
Sounds like a circle (vicious or jerk, your choice)
If the US held an auction, and nobody showed up, did they really hold an auction?
stock market is a scam
Thanks to Greg, I have a clue about the economy and finances, but regarding the future its looking very stormy. I wonder if they want to destroy the republic before it is 250, and if food and firewood will be next Christmas's hopes.
It is agenda 2025 for the mentally ill western nations.. no one realizes it yet. agenda 2030 is for the rest of the world. Have to get rid of USA in order to move agenda forward for rest of the world. Its them or us.. and they know that. As long as we depend upon their systems and use their monetary fraud system of enslavement, we cant win
Thanks Greg