WARNING: The Government Has A New Insane "Plan"

Thank god I bought my house at the bottom of the recent market and 2.9% interest.

Cowbelling like Mountain in Mississippi Queen.

Sorta listening till u showed the cardboard box. Gotta chuckle outta that. Perfect "beigelandia" cookie cutter house color. I think all the crooks at countrywide mortgage went to work for fnma, gnma and Freddie. Sick mf's when u think about it.

Why dont the mortgage lenders turn out 40- 100 year term loans. Just like out government we solidify ruination of the future chance of success.

After watching this, I'm still believing that my ideal house is made of silver.
Regarding insanity, I don't think Freddie expects different results at all. Boom, bust, bailout. They just come back to the taxpayers wallets. We all pay for the illusion. Welcome to communism. The insider elites thank you.

Florida may crash big , 😬😬😬

I don’t know about other states but California has a lot of foreign cash buyers so…

The great taking

The question is why they let cunsumer take on more debt. Try opening that can of warms and the housing market will seem miniscule to real problem USA is facing.

When ever you say government let’s just say tax payer. It helps us knuckle heads learn

it's not money it's currency

Good plan for people who want to buy a house in a couple years.

Can’t find any info online for this, I want a 3.5% second

Love the laughs. Great presentation and yes, it is quite obvious what is happening.

Rafi Farber gently smacked George. George is a U.S. dollar (Federal Reserve Note) bug.

USDA aka, you, me, every citizen of the US, the abstract entity "the government", are issuing 38 year mortgages to keep the credit bubble propped.

Debt goes higher forever, else we enter a deflationary bust. Debt based money is a ponzi scheme.

The financial sector and derivatives may have a Hindenburg moment if the US Treasury market collapses.Rising market illiquidity in the $14.8 trillion U.S. Treasury market, according to Bank of America, might affect other financial markets.

Another nail in the coffin of the middle class

Sorry George, Our money is loosing value. You have been ranting about a wave of foreclosures and a collapse since 2020. The collapse is in our standard of living not housing.

Are these Govt Loan takers all going to be Bagholders?

So where can I sign up???

So basically he's saying that: people will take home equity loans that they can't possibly repay and will be forced to sell their houses in the market causing prices to drop as supply explodes..

November 2025 The debt will be 40 trillion. 100% of every tax dollar collected will go to interest alone. How can you run a government with no money ? You don't. Get it. Insolvent bankrupt. And they're not telling you. You have 18 months. How's that for a theory ? FUBAR !!!

Gotta disagree George. People weren't borrowing money they couldn't afford to pay back. The banks were giving loans to people that didn't deserve them. The banks were at fault and the banks should have paid the price. But noooooo we can't let the big banks fail!

I'm the average Joe, who wants to move, and I have a 3.2%(some call it the golden handcuffs) I cannot afford my house today if I bought it in this housing market..

Grateful for you guys! Where in Orlando is rebel capitalist live??

Regarding GME: the stock is volatile not due to consumer sentiment - kids dumping stimulus checks from their phones. The stock is volatile because GameStop was supposed to be the next blockbuster, so short sellers bet against GameStop since 2014 arguably. They then created swap positions, leveraged against GameStop (it was a sure bet), and then the pandemic happened and they leaned in HARD. For sure it would go down in a pandemic environment!... Someone noticed it was shorted over 200%, and a short squeeze was born.

Currently the situation is still tied to swaps. As we get closer to earnings - which these swaps are timed to - you'll see more volatility.

There are currently $87 Billion in Swaps expiring on May 31st. That's over 6x the market cap of GameStop.

Explain how 6x the market cap in swaps exist?

Mo money😂 That needs to be one of your new characters

Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There's also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

Very very theorical as always, way to much assumptions and not really practical bias

This sounds like just another opportunity for homeowners to refinance into a lower mortgage interest rate if they didn’t previously or bought within the last few years. Not sure that I see the doom and gloom in this scenario besides that it would further stall the housing market.

If institutions wanted the bubble to deflate they could make it happen by doing very little. If this plan becomes a reality, I’m selling. I’m convinced it’s intentional. A lot of people are kicking themselves for not taking advantage of the 2008 crash. Why not make it happen again? I hope reasonable (non evil) minds will resist this attempt to destroy lives for profit.

Laughing at your own corny jokes is pretty cringe dude

Insane Plan, why not the Biden Administration is full of absolute DUMBIES!

There is nothing like a plan... and this is NOTHING like a plan.
So how does that go again? "We're from the government, and we're here to help".
On that note, maybe queue up some Iron Maiden.... Run to the hills!
-Old man came, from swamp DC,
-they couldn't re-run Hillary....

What do you think the over/under is in the billions, if not trillions, of dollars this is gonna cost taxpayers when everything implodes.

The most hilarious 😂 video I have seen. Yes hahaha more cowbell

Boy when I saw Freddy Mac I started cranking up sooo damn hard.

If the tax payers have to pay...where will the money come from......the average joe wont have emough

Good ole fractional reserve banking.

They are going to squeeze the middle class right out of existence.

No such thing as free money, always a cost even if you don't feel the squeeze right away.

👍🏼👍🏼

Thanks George

It not the government doing this it is their puppet masters.

Hey George... Are we going to get a Blow Off Top between now and Labor Day ?

Prices of houses could continue higher? Isn't that the result of supply and demand in the open market? So, even though int rates have gone up and stayed up, builders can't put up new houses fast enough. Sorry, but no issues here...