And there you have it, folks. Now Powell has set the table to be fired for cause himself. π
(twitter.com)
π π
ππ
π π₯
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And their control of interest rates is also a scam because in the case of home loans, theyβre allowed to from load the interest. So that awesome 3% interest rate you think you have? Well in year one since only like 5-10% of your payment goes toward principle, what are you really paying? 900%+ interest. They know it takes almost 20 years just to get that breakdown to 50% interest and 50% principle and they know 90% of people only stay in their home for 10-15 years before they move or refinance, which restarts the clock on that front loaded interest. The number of ways this system is a scam and keeps people poor is too numerous to count. They belong in jail, all of them.
I don't understand this phrase.
I think you mean "the principal" as "principle" makes no sense.
Yep. Clear misspellings and typos. Do I need to explain the whole point again though or did that sharp brain of yours catch the gist anyway?
Upvote for a polite, snappish reply.