The Money-Printing That Made Millennials Wealthy Can Bankrupt Them Too
The Federal Reserve should move as far away as possible from the money-printing policies that have defined the last two decades.The Federal Reserve should move as far away as possible from the money-printing policies that have defined the last two decades.Buying Votes With $25,000 For Homes And $6,000 For Kids Might Help Kamala But Devastate The Economy
If elected, Kamala Harris, will not likely deliver on her freebie promises. There is no such thing as a free lunch — or downpayment.Joe Biden KEEPS refinancing his home — here are FIVE shady reasons why that might be
Joe Biden clearly isn’t great at debating, but he apparently is good at using his personal property like an ATM.
President Joe Biden and first lady Jill Biden have reportedly taken out several mortgages and refinanced their home 35 times.
A report has just been released by the Daily Mail that claims Joe and Jill Biden “have been using their Delaware house for fast cash.”
The pair have reportedly refinanced their home 20 times with loans totaling $4.2 million since buying the $350,000 home. The Bidens borrowed a total sum of $6 million on their two properties and still have an outstanding $541,000 mortgage on their current Wilmington mansion nearly 30 years after the original purchase.
The Biden’s have a reported net worth of $10 million that the president claims is from “book deals,” so the constant refinancing is raising questions.
“There’s no record of him ever getting payment except for the signing bonus because nobody reads the books,” Glenn Beck says, confused.
While it’s not likely Biden will give an honest answer as to why he’s been constantly refinancing his home, ChatGPT has some theories.
“This is what ChatGPT came up with,” Glenn says, “and I think I’m going to start with the least likely, number five.”
“Constant refinancing can be a method to manipulate debt and create the appearance of legitimate financial activity. This could help in justifying the large sums of money received and repaid,” Glenn reads.
Number four, ChatGPT guesses, is tax evasion.
“Refinancing can provide a way to manipulate table income and avoid taxes on illicit funds by cycling mortgages. The president could claim interest deductions and reduce their overall taxable income,” Glenn explains via the AI bot before reading number three.
“Hiding assets. Frequent refinancing can be used to mask the true financial status and hide assets from investigators or regulatory authorities. This can help in evading detection of illicit funds,” he reads.
Number two is “creating a paper trail.”
“Mortgage cycling can create a complex financial paper trail that makes it difficult for investigators to track the true source and destination of money. This can also help hide illegal financial financial activities,” Glenn continues.
ChatGPT’s number one reason for the president continuously refinancing his house is that “it can be a method to launder illicit funds.”
“ChatGPT didn’t come up with a single non-nefarious reason,” Glenn says, unphased.
Want more from Glenn Beck?
To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.
SHOCKING: Has the government's WAR ON HOMEOWNERSHIP begun?
The idea that “you will own nothing and be happy” is coming to fruition.
Glenn Beck long warned that government elites have been planning to push people out of homeownership and into renting, and it seems their new American dream is finally coming true.
Not only are they attempting to rid Americans of all their earthly possessions, but they’re blaming them for wanting those possessions in the first place.
Glenn references a recent article from Axios, titled "The Problem With America’s High Homeownership Rate," which claims that “America’s decades-long love affair with home ownership is holding back the economy and hobbling the Federal Reserve and exacerbating a national housing crisis.”
“We got into the ‘08 crisis because the government was pushing home ownership. Everybody became overextended. Now, they’re pushing for you to get rid of your home,” Glenn says, adding, “I think this is the first shot of the government trying to get people out of their homes.”
Former investment banker Carol Roth believes it's actually the “second shot.”
After the 2008 crisis, “Americans lost about 6 million homes to foreclosures and short sales,” Roth says.
“And then they went out because they had so much money, had to do something with it, they bought up homes,” Glenn says, finishing Roth’s point.
Roth notes that at the end of 2022, one in every five homes in America was being bought by a corporate entity.
“Now you have this gentleman from Axios, who is one of the economic media darlings, if you will, coming out and not only saying, ‘Oh, it’s really a problem that you own your home, it’s really a problem that you have this asset that’s creating legacy wealth for you and your family,’” Roth tells Glenn.
“The mental gymnastics it took for him to get there. ‘Oh, this is holding back the economy, and this is crippling the FED,’ as if it wasn’t FED policy and the government policy that got us here in the first place,” Roth adds.
“The idea that they’re blaming you for creating wealth instead of blaming the arsonists who burnt down the economy — the government and the FED — is absolutely despicable.”
Want more from Glenn Beck?
To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.
New Biden mortgage rule will HURT YOU if you have a GOOD credit score?!
The point of having good credit is to be rewarded with better treatment and lower rates, right?
Well, according to the Washington Times, it now is the opposite.
Starting on May 1 under a new Biden rule, Americans with good credit scores will be forced to pay higher mortgage rates than those with poor scores.
Glenn Beck’s co-host Stu comments, calling it a “fundamental reversal of all economic theory.”
Beck calls it “stealing from the rich to give to the poor” and a “redistribution of wealth.”
He then compares it to the financial crisis of 2008.
“Wasn’t there something like this that happened? Two thousand four, five, six, and seven?” He continues, “They were incentivizing banks to give loans to people who couldn’t really afford the houses.”
“Although, at least in that case they weren’t punishing the people who were paying their bills,” Stu adds.
“If you don’t understand the concept that socialism and all of this stuff — it’s not going to make anybody happy. We’re all going to be equally miserable.”
“You won’t own anything. This is how it begins.”
Want more from Glenn Beck?
To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.
Today's top stories
www.theblaze.com
www.theblaze.com