👿💰🌎 JUST IN: Federal Reserve Raises Interest Rates by 75 Basis Points – AGAIN 👿💰🌎
(www.thegatewaypundit.com)
🤡 Clown Fed World 🌎
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Hodl silver and gold.
Just got an order in for 20 oz of silver. Damn I love the weight in my hands! Just ordered 20 more ounces!
Buy a kilo or 100 oz .....
I wish! Budget constraints suck. I'm adding to my pile little by little.
☝🏻This!☺️
where should i buy silver?
https://www.ebay.com/itm/361258016175?hash=item541ca7ddaf:g:HFgAAOSwpDdVGzAz
https://www.moneymetals.com/
That's where I'm getting it.
I've bought the bulk of mine here:
https://www.goldenstatemint.com/deals/
Any of the big dealers or fine,jm bullion sd bullion,apmex. You can go to r/wallstreetsilver lots of good info their and its pretty based as a lot of us are their.
Don't forget GME.
Indeed, the price is too low.
No cell, no sell.
Hodl GME also
Me too, xxx times 4
X4 party woop woop!
Giga chad!
And in after hours Facebook is reporting it’s first ever revenue drop 👀
https://twitter.com/disclosetv/status/1552388434320412674?s=21
Here we go!!!
This is what happens when you run off all your paying customers. The people Facebook has run off are generally good-income people who buy things. Facebook is headed to MySpace.
Rumor has it that they’re also about to have massive layoffs soon
Haha, fact check that, FartBook!
…and if it is GME, be sure to DRS it with Computershare.
This is the way.
You really think the dump will happen so quickly? You don't think we'll have an extended fake out rally?
Lotta people gonna let their mortages go back to the bank since they can't afford shit soon
Good thing I’m a filthy renter! Thanks Klaus!
Bide your time and swoop in on a good deal and refinance once interest rates go back down. Don't do an ARM.
Not me. Underpaid at super low interest rates. Renting will be more expensive. Inflation gonna make my mortgage hella cheap living relatively speaking. Just gotta make sure I can eat food and I’m good
We are gonna soon enter hyper-inflation range.
1923 Weimar Republic has entered the chat
Fed notes for wallpaper
It's good to pay off everything before your dollar becomes worth less.
Just the beginning.
Yep. Alot more earnings this week and next. Low earning are getting blown off as nothing. Its annoying. Biden blow economy
What's a basis point?
Basically a hundredth of a percentage point. If they raise the rate 0.75%, that is 75 basis points.
Thanks for that from me too.
You are welcome. We are here to help each other out however we can.
u/#wwg1wga
Thanks, I Google it . Just not familiar lingo.
I’m gonna have to look up “basis points” …
Cause I’m a dork? Financial dork that is …
Ok, but I want a full report when you're done. 😁
✌️😂🤪 - this could break my brain housing unit, but I will!
Look forward to it!
u/#trumpflag
“The word basis in the term basis point comes from the base move between two percentages, or the spread between two interest rates.” https://www.investopedia.com/terms/b/basispoint.asp
So if base points are lowering (interest rates are lowering?) isn’t that at a good thing?
The Fed is raising their rate 0.75% or 75 basis points. They are doing this to try to curb inflation. The problem is, with interest rates rising, it will have a domino effect on other lending rates. We've already seen mortgage rates rise significantly this year and with this news they will only go higher. The fed rate doesn't directly affect mortgage rates, but it is a sign the money will cost more to borrow.
As mortgage rates go up more and more people will default on their home loans, especially if their rate is floating (meaning it fluctuates) or if they have an Adjustable Rate Mortgage (ARM) loan. With an ARM, the interest Rate is locked for a period of time and then adjusts to the Market. So one might have an ARM at 3 percent now, but when the initial term ends, say after 3 or 5 years after it was originated, that rate could go up to 5% or more. That's a 66% jump in the interest rate.
The higher the interest rates the less home people can afford. This will make it harder for people to buy homes and it will also force home values down. If people recently bought a home and now it is worth $100,000 or $200,000 less, they could be in financial peril, especially if they put little money down. Home equity loans will be under water, meaning the equity the loan is based on will disappear due to the lower valuation. The money people think they have in their homes will disappear.
The "reason" the Fed raises interest rates is to try to cool a market down so it doesn't crash so hard. The problem right now is we are already in a recession. Raising rates now will only fuel the crash and make it hit harder.
It would be in everyone's best interest to plan accordingly. Save cash. Sell your expensive toys. Be prepared.
This is just my opinion. I am not a financial advisor or a lender. You should speak with an expert you know and trust. Find someone who lived through the last market crash as they will have personal experience with what happened before. Avoid new lenders or financial planners that have never seen a market crash before.
Thank you for the lesson - I really am a dork when it comes to money. My husband manages money very well for us and his business. But I contribute to our lives in my own good ways (gardening and preserving, providing health insurance through my job). It’s great to be a team :-)
Everything takes time to learn and there is always more to learn! Glad you found the right partner.
Speaking of gardening and preserving, that's something I'm trying to learn. Have dabbled in it this year, and plan to have a full victory garden by next year.
If the world keeps crashing down we're all going to need to know how to provide food for our families.
All of these folks that bought homes on overinflated appraisals are going to be in trouble. I saw this in 1980’s. I was working for Mellon Mortgage. We foreclosed on EVERYTHING.
Yup. Everyone just HAD to buy a house “worth” 8-12x their annual pay, and now they’ll either baghold and hope to not only keep their mortgages payment going, but also to maybe have that property regain its value 10-15 years from then.
I know someone who is building a house at work. They are about to pay $10k to break the contract cause the mortgage rates going through the roof in combo that the house won't be worth as much when done.
Apparently a few other people in the neighborhood backed out too. I also heard auto repossessions at an ATH.
Not to mention the people that took out INTEREST ONLY LOANS. (Thanks to Democrats and Acorn) We (former work as investment advisor) we tried to dissuade people and the ones that refused to listen LOST EVERYTHING.
Kinda like trying to persuade people to get off the vax addiction! Learning the hard way is pretty devastating.
Looks like we're not downsizing any time soon.
Trying to make sure rhe new definitionnof recession hots its mark. 3 cons3cutive months of crap.