Avatar
Toxic Bitcoiner 3mo ago

#4 housing is a result of malinvestnment caused by government intervention. More government intervention, as you put here, isn’t the answer.

The answer is to remove government intervention from the mortgage market.

1. The Fed needs to sell off its ~$2T in MBS.

2. Fannie, Freddie, and (especially) Ginnie need to be fully privatized, without any explicit or implicit government guarantee. They collectively own another ~$10T in MBS.

nostr:note19sw0nncplspxv4h33f7nf0m9l396lpwt7xv3zdxlpta9t8sp32wqjcujcr

Reply to this note

Please Login to reply.

Discussion

Avatar
StackSats.IO 3mo ago

I don’t see how The Fed could possibly get those MBS off their balance sheet without crashing everything and/or having to put them straight back on there.

For them and the rest of the parasite class, wiping out the equity in Real Estate isnt an option - it’s political suicide, a generation+ out of power. Not just the whinging Boomers revolting, but everything else that blows up downstream means no-one will trust them and you’ll get a violent pendulum swing left or right depending on who oversaw the bust.

The only way out is through - print to the moon.

Avatar
Toxic Bitcoiner 3mo ago

I intransigently refuse to believe that government intervention is ever the solution. https://youtu.be/czcUmnsprQI

Avatar
StackSats.IO 3mo ago

I’m not saying it’s the solution.

I’m saying, you can’t undo it with free markets now. If you do, the destruction would be so unpalatable that they’re just going to step in again anyway.

Hence, the only way out is through. Don’t let them taint free markets by trying to palm this off on them only to step back in when it blows up and have a readymade scapegoat.

Avatar
YODL 3mo ago

This was a good listen. You recommended it a while back to me. Thanks again

Avatar
Lunapilot 3mo ago

The parasite class knows the end is getting close, this is why they are bring in the total surveillance systems and trying to reduce our numbers dramatically. Their only hope is total control of the survivors, our only hope is to wake enough people up so that the fight back isn't totally one sided...

Avatar
Toxic Bitcoiner 3mo ago

https://youtu.be/wnZJKRGLaaE

Avatar
nicnym 3mo ago

Incredible article why have I never heard it before, thanks

Avatar
Toxic Bitcoiner 3mo ago

Oh wow. Enjoy. This one is vital for the mental health of Bitcoiners. Speak truth and don’t dilute the signal, the remnant will hear it.

Avatar
PDJ 3mo ago

GM.

This thread is why NOSTR makes me feel like only 30 minutes of internet per day is possible.

When we have free speech and savings accounts that work, much smarter people than most of us will keep each other sharp by publicly disagreeing while being solution oriented.

That’s what smart people do. They can’t help it. It’s how they stay sharp. It’s also dumb to be an asshole (speaking from my own experience).

We are not used to seeing kind but sometimes disagreeable public discourse where the shared incentives to engage in debate are the proliferation of free speech and freedom money.

We’re on the same team.

What’s below is about the most challenging topic you could imagine. But the track of the thread is getting to root causes of things. You can’t find this dynamic so consistently anywhere else on social media except for NOSTR.

When we know root causes we can have 100% confidence in trying things and testing. When we’re on the same team because of the same incentives we can coordinate efficiently.

nostr:nevent1qqsw2htq3dket25cyjlp5vkaahkknw8xyuxjeyq8n9hfc36r8el6agspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhglqgp60

Avatar
PDJ 3mo ago

Do you have a reliable source of truth on data like this?

Avatar
Toxic Bitcoiner 3mo ago

Which aspect(s)?

Avatar
Toxic Bitcoiner 3mo ago

https://youtu.be/j4IriSJ0kmE You can learn more about the nature of the government MBS guarantees and the figures here. Alex Pollock is THE guy on MBS. The Fed balance sheet MBS you can see on the Fed’s own FRED website. If you want the latest numbers on Fannie, Freddie, and Ginnie, I’ll dig them up for you in the next day or two.

Avatar
PDJ 3mo ago

Perfect thank you. I’ll listen but where is the actual amount of $2T in MBS listed publicly? I’m looking for the name of the report that I can reference on my own regularly.