Replying to Avatar TheBitcoinManual

Have they tried making coffee at home and not going out for breakfast sandwiches? Lol they made fun of millenials who were meant to be their exit liquidity and now they're stuck in a white elephant!
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Toxic Bitcoiner 1y ago

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TheBitcoinManual 1y ago

That's why the government is pushing first time buyer programs, because devaluing the currency more to provide liquidity is the only way

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Toxic Bitcoiner 1y ago

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SuiGenerisJohn 1y ago

Wow

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Jay 1y ago

What does this mean? 😦

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Toxic Bitcoiner 1y ago

~90-95% of US mortgages (MBS) are owned or backstopped by the US government.

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Jay 1y ago

So they own the loans for the biggest savings mechanism that people have run to because of their own money printing for additional profits.

It's so genius it's disgusting.

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BoomTown 1y ago

US real estate backstops the dollar

Real estate preserves value over time

Dollar transmits value over space