Maggie's Farm

Something extraordinary happened in 1979. Some of the groundwork for this was laid earlier but in 1979 congress forced Fannie Mae and Freddy Mac to buy any and all mortgages from banks. They bought the good ones, the bad ones, the questionable ones, all of them. This was forced through congress by Democrats and in particular the black caucus for the purpose of making it easier for black to get mortgages. Fast forward 10 years and we had the infamous housing bubble crash of 1979-80. The FED stepped in and cut interest rates to sub-zero levels which "kinda" worked and although it was the longest recovery in history it was a recover... of sorts. A "real" recovery would have been accompanied with interest rates retuning to normal, they didn't. In fact it is just in the last few months that the FED actually raised interest rates.

Why is that? Why didn't the FED raise the rates when the economy recovered? Simple, the economy never recovered. It was all smoke and mirrors. The FED was propping up the economy and in particular Wall St. for the benefit of the elite. One that genie was out of the bottle (sub zero interest rates) and the huge boost it gave to Wall St. politics took over and forced the FED to keep it all in place. Those billionaires who interfered in our election became multi-billionaires after 2008 with the politically motivated FED policies and they wanted more; more money, more power, all at the expense of our middle class.

Then came the inevitable inflation (yeah I skipped over the 20 trillion in borrowed money). Now the FED is facing a Hobson's choice of raising rates to perhaps 12%-16% to bring down inflation while destroying the economy and Wall St. OR increasing interest very slightly so it appears that they are doing their job and thus giving the billionaires another year or two to fully steal all the money and destroy the middle class completely. What to do, what to do! Destroy the economy or save the economy!

Remember all of this began in an effort to make it easier for a group of people get mortgages even though they didn't qualify AND by 2008 all those risky mortgages got defaulted anyway. Even if the intent was good it all went to hell in a hurry and now the full effects of that stupid mistake will come home to roost.

OOPS! I meant 1999 not 1979.

Vaccine report https://tennesseestar.com/2022/07/15/commentary-the-feds-pile-up-vaccine-adverse-event-reports-as-they-decry-scaremongering-elsewhere/

Interesting vaccine report https://2ndsmartestguyintheworld.substack.com/p/must-read-facing-the-beast?utm_source=substack&utm_medium=email