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End the Federal Reserve


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2022 Jul 5, 1:40pm   44,539 views  352 comments

by Patrick   ➕follow (60)   💰tip   ignore  

https://rudy.substack.com/p/qt-stands-for-they-lie



It seems that Fed employees know how to get rich betraying the public.

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346   AD   2024 Aug 22, 10:26pm  

DemocratsAreTotallyFucked says








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Median US home sold for $85,000 in 1985

Median US household income was $24,000 in 1985, yet the average 30 year mortgage rate was 12%

back in 1985 my family rented a 3 bedroom/2 bathroom villa (new construction with patio and amenities like pool, gym, clubhouse, etc) for $425 a month in South Florida ; local minimum wage was around $4.50 an hour, so a single wage earner making $7 an hour could easily afford to rent it for their family

I rented a 1 bedroom garage apartment in very good shape in Panama City Beach for $300 a month back in 1993 and entry level local wage was around $5 an hour

there is now no rentals in Panama City Beach where you can earn the entry level local wage of $15 an hour (for service workers like hotels, fast food, etc) and be able to rent a 1 bedroom apartment ; 1 bedrooms go for $1450 a month

people who lived in Panama City Beach were not house poor back in the 1990s and still were able to average $5 an hour for 40 hours a week and have plenty of money left over

sources:

https://www.huduser.gov/periodicals/ushmc/winter2001/histdat08.htm#:~:text=1984,140%2C400

https://www.census.gov/library/publications/1987/demo/p60-156.html#:~:text=Median%20household%20income%20in%201985,the%20Bureau%20of%20the%20Census.

https://www.bankrate.com/mortgages/historical-mortgage-rates/
347   The_Deplorable   2024 Aug 24, 12:28pm  

AD says
"Median US home sold for $85,000 in 1985
Median US household income was $24,000 in 1985"

A couple of thoughts:

1. That was before the Alan Greenspan Housing Bubble - the financial fraud that is still with us today.

2. Note that the price of the house is very affordable - roughly three times the household income.
349   stereotomy   2024 Aug 28, 7:19am  

Yes, she's crazy, but my kind of crazy.
352   HeadSet   2024 Sep 20, 5:52pm  

I do not think we really want to end the federal government, but just streamline it down to its Constitutional duties.

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