So if I get this right, Congress is going to secure both Fannie and Freddie because their collapse would be hugely detrimental to the US and to a lesser extent, the world economy. He also says that he needs to maintain a healthy Fannie and Freddie to bring back buyers into the housing market. However, sky rocketing inflation is forcing their hands and will lead to higher interest rates...

My interpretation is that these higher interest rates will keep buyers away from the housing market and continue the vicious cycle of the housing market crumbling...Johndefur keeps looking good with his prediction...I guess we will see gold break new highs at some point in the not so distant future!!

Glorieux