The house that was in Boise that was built in 2021 and the rent has been dropped 20% is at this link. https://www.zillow.com/homedetails/1724-S-Michigan-Ave-Boise-ID-83706/331268680_zpid/
Mortgage interest rates hit 7% and then pulled back a little bit but we have to prepare for 9-10% mortgage interest rates. They are trying to fight inflation but gas prices are flying high again in California. These central banks are suddenly in a bad position because there was so much out of control printing that the only thing they can do is raise interest rates but then that will cause so much pain that they will have to print more money to try to keep the torches and pitch forks at bay. It ends up being this back and forth, back and forth thing, that will kick the can further down the road but at some point everything has to get crushed and get reset.
It is like the crypto market except a longer time frame. Crypto is a microcosm of the full economy. The crashes happen in a very similar way except in crypto the pumps are crazier and the crashes are back breaking.
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Unfortunately, we haven't seen in our lifetimes, sound money, and its affect on prices.
Then we could more accurately see the microcosm that is crypto.
During times when we used gold as money, the price of goods stayed very stable.
Pretty soon fiat will separate from crypto.
Bitcoin will go no-bid.
Or, in other words, the paper price of things (gold, silver, crypto) is going to fail.
The real crypto market will move so fast, that the paper market has no chance to keep up.
Imagine having money in a bitcoin ETF and making 10%.
... because the circuit breakers kicked in, while bitcoin made a 100% move.
You don’t see a fed pivot in our future? The way other currencies are going the fed will have to pivot and printing inflation the dollar is too damn strong and making imports more expensive and killing industry and demand
That comes back on the US, I don’t know how this all pains out and I don’t disagree on pain ahead I’m as ready as I’ll ever be I suppose!
Hopefully this is a good time to flush out all the weak soyboys too lol