I like it that President Trump put his name on the check. I remember Democrats didn't want President Trump's name on it. Well, he was the one that wanted to give it to us.
Remember the housing crisis and how the banks had to pay fines for what happened during the housing crash 2007-2008? Then if you add in the stock market crash of 2008-2009. Now did Obama give out any money? I thought he might even give out some money to the people that lost their homes.
Then later one we find what Obama did do with that money. Look up an article called, Obama's big bank 'slush fund'. It is by Sean Higgins. There is another article to check out called, Report: Obama Admin Funneled Billions Into Left-Wing Activist Groups By Amanda Prestigiacomo.
So you get an idea what happened with all that money. I remember a lot of my friends losing their homes. That was a sad time.
I knew what the banks were up to you see they wanted to get everyone off of their low interest loans by getting them to refinance getting a maybe lower rate loan for the first five years that is, then the rates go up, but the sellers of the loans tell them that it will not go up that high.
I know cause I would get phone call after phone call from lenders that were hungry for their big commissions if they could get me to refinance. I told them I was not interested unless it is a fixed interest loan. Then a guy told me that it is fixed. Then I asked him if it was 30 year fixed. Then he told me that it would be fixed for five years then it goes adjustable. Then he told me that after the five years it wouldn't go up that much.
I told the guy that I am old now and that I remember back in the 80's when the home loan interest was about 20%. He told me that it would not go up that high. I told him that it will go up. You see other people took that loan and refinanced and got used to the low first five year interest. Then they got in a trap and couldn't get out.
My friends told me that they will just refinance, but if there is a crisis, money will be scarce and refinancing would not be possible as they found out later and lost their houses. A sad thing and I saw it coming, but they didn't listen to me. I told them if they have to buy or refinance to insist on a 30 year fixed.
Well, if people could hardly afford a $1000 emergency then how are they going to handle the bills after the loan goes adjustable?
Well, I am glad that Trump is giving out the money. I still believe Q that the Fed will get restructured. When that happens then we will have more freedom for we are the slaves of the central banks. It was not supposed to happen this way, but the demonic bank giants stuck in their central bank in 1913.
Well, if Trump can get it done we will be free of the central banks for the moment. I say for the moment for they will always try to work their way back in.
Let's end with a scripture, as it is written, When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn. Proverbs 29:2.
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Thank you, David.
Image is mine, taken with my Moto G.