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Strategies & Market Trends : US Inflation and What To Do About It

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To: John Vosilla who wrote (1008)4/25/2019 7:43:21 PM
From: RetiredNow  Read Replies (1) of 1504
 
Yes, I've been watching the emerging market currency crashes. Argentina in particular is looking really bad. BTW, I was reading an article about more impacts from the Fed. All these low rates and MBS purchases have driven yields and mortgage rates so low that housing and apartment prices have been on a relentless upward rise. Owners have increased rents as a result, which has created a lot more homeless and accelerated poverty in this country. The Democrats and Socialists have started to respond at the local level, since they run local governments, by instituting more rent control. Some countries, like Germany, are now talking about government appropriations of houses and apartments to bring them under state control and imposing price controls on rent. Well, you and I know that this will destroy the markets and create housing shortages and increase the burden on governments who will have to raise taxes and incur more debt to keep the socialism going.

The bottom line is the Fed is the epicenter and root cause of the rise of Socialism in the US and central banks the world over are the cause of the rise of Socialism elsewhere. It's a damned shame that the idiots of the modern era are too ignorant to understand cause and effect.
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