by Jeff Davis

We’ve had five months of black rule now under The One, and the first chickens are starting to come home to roost. There will be many, many more articles like this assuming I am not dragged off to Guantanamo Bay if Obama decides to suspend the First Amendment.

A recent news article tells us: “The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market. But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation. That’s the Catch-22 threatening to make an awful housing market potentially worse and keep the economy stuck in a funk. Kick-starting the economy requires higher spending, but rising rates mean fewer Americans will be able to refinance their home loans. And some potential buyers will be shut out of the market by higher monthly payments they won’t be able to afford.”

In other words, Obama and his Jewish advisors don’t know what the hell they’re doing. This is what happens when you elect a Chicago street hustler with not even a full Senate term under his belt as President of the United States. We can all thank the fraudulent 2008 election in which citizenship was not checked and ACORN stole millions of votes for this.

The article continues “To understand how this is all connected, you have to think like a bond trader. Inflation is their enemy because it means the purchasing power of the dollars they receive when bonds eventually are paid off will be diminished. The only question is by how much. Yields on 10-year Treasury notes, a benchmark for home mortgages and other consumer loans, jumped from 2.5 percent in March around the time of the Fed announcement to as high as 3.7 percent in recent days… And 30-year mortgage rates jumped more than a quarter-point this week to 5.29 percent, the highest level since December, Freddie Mac reported. ‘If the meltdown continues in the bond market, then mortgage yields will soon be at levels that choke off refinancing activity,’ said economist Ed Yardeni, who runs his own investment firm. ‘Even worse, they could abort any necessary recovery in home sales and prices.’”

In other words, we’re going back to high mortgage rates –just as job security has never been worse. Good luck buying a home now. The bank or credit union that would make any mortgage loan is looking at what increasing inflation will do to their profits as well as your likeliness to pay off a loan.

Let’s see if we can strip this down to basics. The little Jews who gave you your mortgage borrowed from middling-sized Jews, and the middling-sized Jews borrowed from the big Jews. All that debt was for some bizarre reason treated as an “asset” in the financial world and all these IOUs were traded like baseball cards among the banks, more and more of them, like they had some kind of value in themselves. The system worked tolerably as long as responsible Whites were making most of the mortgage loans.

Then came ACORN. Uppity Negroes and liberals filed lawsuits forcing banks to make loans to totally unqualified minority subprime borrowers. Discriminatory “racist” requirements such as down payments and even employment verification were banned by insane liberal courts. These subprime loans steadily grew in number, and as long as home prices continued to rise, the low quality of the borrowers did not matter, but the second home prices started to drop, the whole house of cards collapsed.

Add to this the poisonous effect of bundling these largely worthless subprime loans and then selling them to investors and mutual funds all over America.

The key to restoring health to the economy is to A) put normal White people with some sense of personal ethics and integrity back to work and getting money in their pockets so they can buy homes and make mortgage payments; B) Deport the 20 million illegal aliens now residing in this country; and C) Stop making mortgage loans to blacks who have neither the ability nor the intention to pay their mortgage and who simply foul their nest and then run off into the night.