QE4 Is Going To Be Huge Video
Peter Schiff, none of my economic and finance college professors believe in what you say,😭😳 😣😭. They all know who you are but they don’t believe you. They all say the economy is in good shape. Why don’t a lot of people believe in what you say even though you correctly predicted the great recession?
i believe the economy is going to appear to get better under trump, consumer confidence will come back, people will start to borrow and spend again, the stock market will continue higher because commodity prices will rise with the new found consumer confidence. this will feel really good for a few years but all of that base money created by the fed will be subjected to fractional reserve lending do to all the happy spending and borrowing, which will then cause an actual explosion in the total money supply, which will lead to very uncomfortable inflation probably a lot worse than what we had before the crash in 08
Moe Men’s Freedom
Funny thing, if Fannie Mae and Freddie Mac were off the federal government’s tit, then the leftists/ Democrats would get the “affordable housing” that they falsely claim to want. The declining home values would hammer the State and local Governments though, because the property tax’s value assessments would fall. People would be paying less property taxes, so they might actually be able to save or pay down their debts.
It will never happen, because those GSEs account for almost half of the mortgages and probably a vast majority of the bad/ high risk mortgages. Everyone sells the trash to those GSEs.
Would it be possible to auction off large swathes of federal land to help pay off the debt? I think Trump is smart enough to realize that things are going to get really bad before we can truly recover even if he does all the right things because of the massive debt, and giant misallocations of capital across our economy due to the last decade of low interest rates, but is there any trick up his sleeve that he can pull to alleviate the suffering, thus saving face for conservative economics while taking us through the rocky road to recovery?