Download Rocket Money and get a trial of Premium+ today at: https://RocketMoney.com/Graham | Let's discuss the bond market collapse, rising interest rates, and how this is going to affect the housing
This is going to have massive impact on price of living.
Most people will try to find a way to leave.
Homelessness is guaranteed to skyrocket, birth rates will cash, higher education will come to a stand still and the bottom of the economy will fall out.
"The government's never gonna default on their debt" Are you sure about that? It defaulted in 1979. And there hasn't been a complete budget passed since 1996.
The American housing market became a ponzi scheme in the 1980's when private equity was allowed to treat the housing market like it was stocks and bonds with later investors paying off earlier ones. We are just now entering the phase where the later investors do not get paid out.
We are about to have an energy crisis, a debt crisis, a housing crisis, and a financial crisis all at the same time. I think they have a word for that...
-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1e3F9fZ8HHHp9uwS9QS…
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Most people will try to find a way to leave.
Homelessness is guaranteed to skyrocket, birth rates will cash, higher education will come to a stand still and the bottom of the economy will fall out.
There is no escape, this is the end.
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