Grant Cardone predicts a historic real-estate slump, says the US is ‘entering greatest real estate correction’ in his lifetime, says Fed should lower interest rates – Cardone and Trump are WRONG – December 18, 2023,

To the surprise of nobody, real estate moguls like Donald Trump and Grant Cardone want lower Federal Bank Interest rates, so they can borrow money on the cheap.

Although this may sound like an easy fix to the U.S. economy, the truth is artificially cheap money leads to more government spending, a lot of people like to remind Republican voters that government spending went up under Trump, sure his economy was a lot better than Joe Biden, but when you become President of the United States, you’re not supposed to govern as if Republicans are going to win every election in the future.

Because Donald Trump DID NOT shrink the size or budget of the U.S. Federal government, Joe Biden’s inflationary Environmental, Social, and Governance (ESG) policies accelerated consumer price inflation.

Fiscal spending requires positive cash flow returning to the Federal government without higher consumer prices; higher consumer prices are the reflection of higher barriers to entry in the marketplace.

The flaw in capitalism if you want to call it that, is actually price DEFLATION, if you read about Karl Marx and Communism in general, their entire schtick revolved around not allowing WAGES to deflate. The minimum wage laws, for example, revolve around not allowing WAGES to come down past a certain threshold.

Wages are a fancy word for prices, and PRICE CONTROLS prevent prices in particular areas of the economy from CRASHING. So, for example, LEGAL skilled and unskilled laborers in the housing market are now getting higher wages than they were prior and in the United States, ILLEGAL aliens are now qualifying for cradle-to-grave welfare, equating to more ENTITLED illegal alien class, migrating to the United States, not to work, but to collect free money from the U.S. taxpayer.

So when Grant Cardone imagines that the housing market will crash, I’d ask if he means it will crash up or down in regards to prices because if I’m a seller, and prices for everything are going up, I’m not dropping the value of my property, I’d rather the bank seize it.

Why go through the headache of selling collateral so I can OWE the bank more money than I borrowed? If the bank seizes an underwater property, I don’t owe the bank anything.

My personal belief, is that we’re headed for an austerity Measures era, I call it Late Stage Socialism, but the time frame in which we get to the austerity era, is beyond my comprehension because LAZY people will fight like hell to keep the cradle-to-grave welfare system alive and well and both Joe Biden and Donald Trump the frontrunners of their respective political party’s are both saying they will save and preserve the U.S. welfare state, meaning that those bills are fixed.

Donald Trump claims that if he wins, he will drain the swamp, but how do you drain the swamp when the swamp revolves around Low Interest Rates, Social Security, and Medicare? Grant Cardone has a similar message to Trump, make money CHEAP again so that real estate investors can borrow money for the cheap and charge higher retail prices, and people tend to forget that lower interest rates, equate to more government spending, higher interest rates are supposed to lead to SHRINKING the size of the government, not the opposite.

Interesting times ahead!