Reading Time: 4 minutes

Straight White Males Will Face This Very Soon…

By Last Updated: October 25, 2023
Reading Time: 4 minutes

A Brewing Storm in the Cauldron of Politics and Economics

We are standing at the precipice of an economic disaster, a calamity that could make the Global Financial Crisis (GFC) look like a kindergarten game. And this isn’t just economics; it’s a cauldron where ideology and economy are mixed in the most volatile way. Are we ready to face the consequences?

The Podcast Clip: The Changing Landscape of Social Discourse

The livestream kicks off with a clip from the Dark Horse podcast, featuring Brett Weinstein and Dr. Heather Hying. The focus quickly shifts to the Democratic Party of Canada’s recent advocacy for gender parity and the ever-evolving LGBTQIA+ acronym. Is this the epitome of political correctness or the birth of a new Orwellian era?

A Comedy or a Tragedy?

The host humorously points out the inconsistency and complexity of the ever-changing acronym, suggesting that it’s almost as if the “global elite” are trolling society. But is it really a laughing matter? When the lines between social awareness and absurdity blur, it’s hard to tell whether we’re in a comedy or a tragedy.

The Federal Reserve Report: Economics in the Crosshairs

The host transitions into an ominous discussion about a recent Federal Reserve report that aims to “strengthen and modernize the Community Reinvestment Act (CRA).” Hold on! Strengthen and modernize? Those words should ring alarm bells. This isn’t the CRA’s first rodeo. This policy was a major player in the GFC of 2008. Remember that? Yes, the very act that catalyzed the housing bubble and subsequent crash is being revamped. Why are we resuscitating a policy that wreaked havoc in the past? Are we setting ourselves up for another fall?

Discrimination by Another Name

Modernized CRA is designed to discriminate against straight white males. Whether you agree with this assertion or not, the point is that policies with social implications can’t be viewed in a vacuum. The economic ripple effects can be monumental and universally damaging. But who will bear the brunt of this impact? Is it ethical to use economic policies as tools for social engineering?

The Consequences: Playing with Fire

Ideological biases, when integrated into economic policy, can have “real-world consequences.” And they’re not wrong. When the government tinkers with the economic machinery to serve social or political ends, the fallout can be catastrophic. The Federal Reserve’s decision to revive and “strengthen” the CRA is like adding more cards to an already shaky house of cards. One wrong move, and the whole thing could come crashing down. Are we ready for another economic disaster? And if it comes, who will be left holding the bag?

Expanded Scope: Beyond Mortgages, A New Frontier

Remember how we thought this only applied to housing loans? Well, brace yourselves. The host reveals that these policies extend not just to mortgages but to “pretty much all forms of credit.” The new rule aims to encourage banks to expand access to credit, investment, and bank services to “LMI communities,” which stands for Low and Moderate-Income neighborhoods. But here’s the catch: The host argues that “LMI” is a code word designed to exclude straight white males from the equation. Is this a fair social policy or a dangerous game of exclusion dressed up as progress? If you thought, “Well, I already own a house, so this doesn’t apply to me,” think again. The host warns that this isn’t just about home loans anymore. Car loans, business loans, you name it. Who’s next on the chopping block?

The Metrics: Where Data Meets Ideology

The Federal Reserve is adopting a “new metrics-based approach” to evaluate bank retail lending. Sounds technical and impartial, right? Not quite. It also incorporates “demographic data. The term “Performance Standards” is used to categorize loans based on racial and gender groups. Does this sound like the embodiment of diversity and inclusion to you? In a society that claims to champion these ideals, we’re back to compartmentalizing people based on immutable characteristics. Haven’t we learned anything from history?

Orwellian Undertones: The Role of Central Bank Digital Currency (CBDC)

Just when you thought this couldn’t get any worse, enter the Central Bank Digital Currency (CBDC). The host contends that the CBDC will allow for even more “flexibility” in this ideological engineering because central banks wouldn’t be concerned about getting their money back. They can lend to anyone based on any criteria, relegating the concept of creditworthiness to the annals of history. In a world that feels increasingly like a clown show, the host suggests a satirical solution: Why not identify as a different demographic group to get better loan terms? While meant humorously, it highlights the absurdity of the situation.

Timing is Everything

According to the host, most of these changes will be applicable beginning January 1st, 2026, with remaining requirements kicking in on January 1st, 2027. The clock is ticking. Are we ready for this Pandora’s box to open? Are we going to wait until these policies hit us square in the pocketbook? Whether you’re a straight white male, know one, or are simply a concerned citizen, this is not a drill. We’re not just tilting at windmills here; we’re talking about real-world implications that could alter the economic landscape in unthinkable ways.

Share This Story, Choose Your Platform!