Read this more than once.
(MBS = Mortgage Backed Securities)
Discussion
They already outright own or backstop 95% of US mortgages. Between the Fed, Fannie, Freddie, and Ginnie. The housing market is fake.
It is under appreciated just how much this augments the entire market structure when you know big daddy government will buy your shitty investment property—it fucks up the entire market structure.
Yes. Then by extension, the entire fiat system because houses are premium collateral/assets for commercial banks to use to take on even more leverage (money printing.)