Bill’s Commentary:

“Some history of Gold and John Exter”

A banker for all seasons: the life and times of John Exter – champion of sound money

The following is an introduction to a series of essays GoldMoney will be publishing, written by John Butler and Barry Downs, looking at the life and times of John Exter – leader in the fight against Richard Nixon, Alan Greenspan and the debasement of the US dollar. The source material for these essays includes John Exter’s collected papers and works; the personal experiences, diary entries and recollections of the author; and interviews with former colleagues, friends and family of John Exter’s.

INTRODUCTION

It was a fine spring day in Washington, DC. John Exter was in town on private business, advising a wealthy client as to her substantial investments. When his friend and former New York Fed colleague Paul Volcker, Chairman of the Federal Reserve, learned that John was in the neighborhood he dropped everything in his diary that day and requested that John come by his office. John agreed and later that afternoon arrived at Volcker’s office for a three-hour chat.

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Bill’s Commentary:

“I sure hope this is AI and fake?”

Bill’s Commentary:

“Because… affordability?”

Housing director confirms administration ‘working on’ 50-year mortgage after Trump hint

Federal Housing Finance Agency (FHFA) Director Bill Pulte on Saturday said the Trump administration is “working on” a plan to introduce 50-year mortgage terms for home buyers.

“Thanks to President Trump, we are indeed working on The 50 year Mortgage  – a complete game changer,” Pulte wrote in a statement on the social platform X.

It followed a Truth Social post by President Trump earlier in the day where he shared a graphic juxtaposing an image of him next to one of former President Franklin D. Roosevelt. The administration that oversaw the New Deal established the 30-year mortgage standard to help citizens recover from the Great Depression.

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3 thoughts on “

  1. When you consider that median age of a new home buyer in 2025 is 40 years

    40 + 50 = 90  

    Average Life Expectancy of a male in the US is now 76 years and for a female it is 81

    and, to top it off….

    As of November 2025, the average lifespan of a newly built single-family home in the United States—from construction to demolition—is approximately 70 years.

    …sounds like a great deal

    Isn’t this actually “renting” with the “homeowner” having all the risk ???

    As Klaus Schwab said:

    ”You will own nothing and be happy”

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