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Mortgage companies will be forced to begin charging new loan fees for those with good credit to subsidize affordable housing and high-risk borrowers. The change goes into effect on May 1st, which will cause a $400k loan to pay an estimated $40 more per month over the life of the mortgage. The Biden administration is playing Robin Hood, except they are not stealing from the rich; they are stealing from the responsible to pay for those that have been irresponsible with their credit.
Inflation is hitting the food sector more each week, and many with families are noticing the cost to eat out at restaurants is becoming cost prohibitive. Salaries are not keeping pace with inflation, and the federal reserves’ efforts to control the market have failed to protect consumers. We are now entering a period of economic famine. BRICS is working to devalue and decentralize the dollar while we Americans are unable to afford borrowing fees. Our security is at stake.
The warning signs for a new Great Depression are starting to rise. Almost 100 years after the collapse, America is poised to fall. Bank failures, rising rates, inflation, more supply with less demand, and scarcity is fueling the speculation. This should be a talking point on the news. Media is busy distracting everyone with stories about Elon Musk and Bud Light. They are not our problems; these are the efforts of a magician to move your eyes and focus before revealing the magic.
I also clarify some talking points from the shows that aired this week.
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