I tell normies that 70-95% of US mortgages are backed by the government and all I get is…silence. Why?

“You must be missing something. That can’t be true. If that were true, I’d know. It’d be all over the news. People would be up in arms. The government wouldn’t allow the government to do that.”

It would break their brains to accept that the main indicator of success in America, homeownership, is a government-sponsored fugazzi.

The Fed itself owns $2.3T of MBS. Good morning. nostr:note1sstxt02ndsrj7p4fu3tqguntgrkzfyhvx4smasndsj0jete5levqpnde5a