toxicbitcoiner on Nostr: This is a big problem. I’d wager that they will have to manufacture a seemingly ...
This is a big problem. I’d wager that they will have to manufacture a seemingly exogenous crisis to justify a big print for these toxic sludge loans.
~$12T or 90%-95% of the US mortgage backed securities are either outright owned by the Fed or are government backstopped at Fannie, Freddie, and Ginnie. $12T of malinvestment leverage on top of the inferior, illiquid monetary premium.
It’s more than just the numbers, it’s ideology. US housing is part of bedrock of the Ponzi and Stockholm Syndrome. The Ingsoc dream of “owning a house”, which is really just “savings”.
Bitcoin fixes all of this.
Buckle up.
Published at
2025-03-26 12:13:32Event JSON
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"content": "This is a big problem. I’d wager that they will have to manufacture a seemingly exogenous crisis to justify a big print for these toxic sludge loans.\n\n~$12T or 90%-95% of the US mortgage backed securities are either outright owned by the Fed or are government backstopped at Fannie, Freddie, and Ginnie. $12T of malinvestment leverage on top of the inferior, illiquid monetary premium.\n\nIt’s more than just the numbers, it’s ideology. US housing is part of bedrock of the Ponzi and Stockholm Syndrome. The Ingsoc dream of “owning a house”, which is really just “savings”.\n\nBitcoin fixes all of this.\n\nnostr:note12fqt8ydae6pt3g3ua8ymxyv0zpcsr9c4nkaz459zrnmx0cxcp47sy6hj45",
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