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do it there. Thank you. Welcome back everyone, Stormy's back.
How you doing?
Speaker 2: Man doing all right? Man? Happy for having me. I
appreciate it.
Speaker 1: Oh yeah, yeah, yeah, no problem at all. No problem
at all. I think this was one of those ones
where you were ranting about something and I was like, yeah,
I need to get Stormy to come on and and
rants about this. So I don't know what what I
don't even remember what it was because your rants about
a lot of things. But was this about housing?
Speaker 2: Yes, it's about housing.
Speaker 1: So well we're yeah, this is uh, this is this
is an interesting one because as somebody who's been looking
at houses lately, it's the market is really really really
weird right now.
Speaker 2: Yeah, so I've been getting uh so like our real
estate uh, my eye into real estate is is always
going to be there. Like so the first tech company
started was actually like a real estate tech company and
it basically sprung out of you know, just real estate
investing me and my best friend were doing. And you know,
you get tired of putting real estate agents kids through college,
gets poor, gets upsetting, so because like you do all
this work and then you know, some guy shows up,
puts a sign in your yard, dodges your fucking phone
calls for three months and then comes and is like, yeah,
give me that check, and you're just like I hate you,
and you do it enough times you're like you won't
know what i'na I'm gonna do. I'm gonna get whatever
licenses I need to just to not have to see
you again. And like one of the requirements was you
have to have an office or whatever, so you get
an office.
Speaker 1: Well, I mean, let's let's let's just stop and say
this real quick. Anyone who's never bought a house, like
who's who's got a mortgage does, has never sat down
at a table with six people who's hands are.
Speaker 2: In the pie exactly. That is exactly the thing people
we tried to automate away. Yep.
Speaker 1: Yeah, people just don't get that that like you all
that could all the closing costs and not going too
like one place, it's being scattered and really something needs
to be that needs to be it needs to be stopped.
Speaker 2: Yeah. I won't go into too much about how we
did what we did or else, you know, get real
doxy real quick. But yeah, basically that's the thing is
that all of these various parties, there's six parties in total,
and this is why the process takes so Anyways, long
story short, like kids would show up and say hey,
can I be a real estate agent, and we'd be like, no,
that's not what we do here, and they would be
like but your signed, like yeah, I know, Like we
just work on our own deals. That's it. Then some
kids would stick around and eventually accidentally hired on some
software developers that automated a lot of the work that
the other worker bees were doing. And that's how you
accidentally start a software company. So I've kind of been
stuck to real estate ever since. It's like something that
interests me a lot, and it's something I follow, and
it's something I have a lot of friends still in.
And it was the friends that are still in the
business that raised the alarm bells for me. So I
had a friend call me and you know, basically COVID
broke her. She's a really large broker in Tampa, a
total like red pill mom story to now like you know,
she went from like not caring about anything and not
to now looking into everything. So she had a bunch
of a bunch of foreclosures or pre foreclosures from a
local bank, and she noticed that when as soon as
she put them onto the market or listed them, they
basically would get bombarded with like literally like dozens of
offers within maybe an hour. Two hours of listening, which
was really strange because she would, you know, when the
listings would go up. Real estate agents are fucking losers
for the most part. Let's be real, like these people,
you know, they're at the bar by like four pm.
So if like things go up at like eight nine
o'clock at night, and all of a sudden, by like
ten o'clock, you're getting bombarded with offers all from LLC's,
and it'd be like five, ten LLC's, and then the
next one would go up, and within an hour, you know,
now it's fourteen LLCs, but some of the LLCs are
the same as last time, and then again and again
and again, to the point where it was like, I
think she counted seventeen different LLC's for one property right
and twenty four LLC's for another right. So this weirded
her out. So thank goodness for red pill Mom doing
a little digging, all right, and let's you say, yeah,
another one. She called another woman in Phoenix, like one
of her what you we call it part of like
a broker network whatever, and told her about this and
the other woman was like, yeah, so there's we've basically
had like all of the recent transactions, and they pulled
up the numbers like one hundred and forty five LLC's
that just recently with this brokerage did a similar type
of thing, like a block of free pre foreclosures, and
these two ladies, god God bless them ran down each
one of those LLC's to find out that they were
actually just four large investment institutions some names you would know,
operating through hundreds of LLC's, And then she went back
and did the ones in Tampa and what do you know,
one hundred and ten LLC's same for financial institutions. And
that's what she called me. She's like, what does this mean?
What's happening? And you know, really, I think the real
problem with the regime is the real what's the word?
The real mistake that they made was the people that
you seek to persecute are also the highest value, highest
intelligent segment of the population. So I mean, it's not
just me like I happen to have a lot of
free time because you know it worked out that way,
but a lot of the other guys it's because they
got pushed out of jobs that they should be in.
So you push out the highest IQ subset of the population,
which is white guys in their twenties and thirties and forties.
You give them infinity time, and then you marginalize them
financially to where now they don't care about money. They
just care about fuck you, which is probably like the
worst group of enemies you could pick. Like, if you
have like a decentralized operation or a centralized operation that's
being run by a small segment of the population, the
worst thing you could do is basically get a decentralized
group with unlimited time that do this shit for free,
and they're also the smartest people in the society, and
now they just hate you, Like, eventually, whatever fuck are
you up to? Like, people like me and hundreds of others,
thousands of others are going to find out about it.
I use a dumb strategy because this is something that
took me two or three hours, and then you know
a series of phone calls over a couple of days.
So what if I told you that three private equity
funds and two publicly traded companies have been putting aside
large amounts of money to basically cat wh a real
estate crisis that is in large part due to policies
that they advocated, for one being that mortgage payment moratorium
that happened during COVID. I ran that down, and wouldn't
you know that it was actually Blackstone and Blackrock where
that idea came from the mortgage moratorium. Really that's interesting,
you mean, like the DNC people didn't just give that
to us because they wanted people to not go homeless. Well,
turns out they really like it when you're homeless because
they can, you know, advocate, allocate eighty billion dollars or
whatever California spends on not fixing homelessness or whatever. So yeah,
it seems that for institutions, probably more, but just the
big ones that I caught are gearing up to kind
of instigate slash take advantage of a real estate foreclosure
crisis that they plan on. I mean, right now, as
it is right now in this country, thirty percent of
all home sales nationwide aren't to people. They're to investment
institutions like Blackrock, like Blackstone or what's that one. I
always forget Pretty Partners, Pretty im Partners owns Progress. It's
funny because they named it us progressed Homes. I believe
as a company paly Sorry Progress residential and progress. Residential
already owns hundreds of thousands of single family homes in
two thousand and eight and onward. Financial institutions tried this shit, right.
I did well in foreclosures just because I had capital
and knew a bit. But after a couple of years
I would notice, like, now, all of a sudden, in
like the small counties I would operate in, now I've
got like hedge fund bros. And private equity bros. In
like middle of nowhere Florida Land, and now I'm and
these guys really didn't care, right, They would just bid
infinity on the dumbest shit, and almost all of them
like they would try and hold and then flip them.
I guess, because you know, this was like post tarp bailouts,
and if you flood the economy with you know, nine
trillion dollars, it's not going to stay in the public markets.
It's going to bleed out elsewhere. And there's only so
many private equity type, private business type investments you can make.
So capital really just ran out of places to go.
And all of these guys ended up losing their shirts.
Well they're fun, so their investors lost their shirts. And
then they kind of stopped for a while, and then
publicly traded companies started doing the same thing in like
twenty fourteen, twenty fifteen, right, which is Zillow chief among them. God,
it's got to be like eighty ninety billion dollars doing
this dumb shit where they're like, I don't know if
you remember Zillo offers. Right, So for a period of time,
all right, you list your your house for sale on Zillo,
and Zillo would throw you an offer, a cash offer,
all right, And what Zillo had done.
Speaker 1: I don't remember. I don't remember that. I must have
been I probably wasn't looking at the market. Bro.
Speaker 2: It's it was the dumbest idea ever because, like, if
you know, real estate is something that sounds like you
can do algorithmically, but every time you do it, it's
one of those things that looks well. It's like Edward Lorentz.
Edward Lorenz, you remember that Jurassic Park, the Jewish guy
that was like, hey, you put a drop of water
on your hand, it'll go this way, the chaos theory guy.
It's it's not called chaos therey. It's called nonlinear system dynamics.
And it was discovered by a guy by the name
of Edward Lorenz when he had his nineteen seventies computer
at MIT try and model the weather. He's like, fuck,
we have computers now, the weather is at maximum, you know,
ten fifteen different variables like temperature, humidity, air pressure. You know,
we should be able to model this. And every time
he did, what he would get would be these crazy,
crazy outputs. And this is where you get, like a
butterfly in Brazil creates a tornado in Texas. And this
is basically the trap that these guys fall into every
time they try to algorithmically buy and flip houses at scale,
because it seems like, oh, look, you know these retards
from DIY channel can do this. We could automate this
and it'll be great. Open Door tried the exact same thing,
you know, nuked twenty billion. So this time they just
want to turn them into rentals. They literally want to
turn America into a renter nation. So right now, thirty
percent of all homes sold in America are going to cocksuckers.
Like I just mentioned, You've got pretty impartners, you've got Blackstone,
you've got Innovation Homes and black Rock, and these fagots
plan on just sticking renters in them and then feeling
it full of smart appliances and smart routers and all
these fun things to where they can then pipe what
you're doing in your house to data brokers to try
and subsidize or pad the rent dollars. And they're dumb enough
to brag about it in their materials, thankfully, so I
could read them and realize how fucking nefarious and evil
these men are. Like Larry Fink, the guy who through
corruption gets Janet Yellen to put him on the you know,
basically the Fed Prime bank list. Right, So why does
like JP Morgan or Goldman Sachs. They're large treasury brokers, right,
large treasury dealers, so they get to the federal reserve
rate because they have to then buy those treasuries, stick
it in their vault and create a fucking dollar market
and basically, you know, create credit for the US. But
what does Larry Fink do with access to borrowing at
the federal reserve rate? Well, what Larry Fink decided to do, Well,
since I shouldn't be here and America has given me
something that my business isn't in any way entitled to,
and frankly shouldn't be involved in whatsoever. I'm going to
take this magical opportunity that I have to turn America
into a nation of renters, because it's the largest consumer
economy ever. So a house should be no different than
a credit card for these people, right, these peasants. So
I'm not really an American. I'm a pale settlement Ukrainian guy.
So what the fuck does the American dream mean for me?
I don't care. I'm a billionaire already. Fuck these people.
They don't need to build equity, They don't need to
accumulate capital intergenerationally because then they may get political ideas.
And Blackrock has already spun up sixty billion dollars they
probably borrowed from the Fed through thanks to Janet Yellen.
All right, because I mean, the way black Rock's been going,
you gotta be a fucking retard to give any of
those fools any money. But Larry Fink has got sixty
billion dollars queued up and ready to go for distressed
single family home purchases. Blackstone thirty billion queued up. This
is separate from the single family home buying they're doing. Now,
why what do they see? Well, black rocks got thirty billion.
Progress Residential currently owns ninety thousand homes single family homes,
the second largest homeowner in America, but by twenty twenty five,
which would be this year, they are preparing to increase
that number by three hundred and twelve percent, which would
be about a quarter million single family homes and Innovation
Homes currently owns. That was very rude of me. I
forgot to put my phone on silent. Pardon me. Innovation
Homes owns about one hundred thousand, but as announced, plans
to acquire another one hundred and fifty thousand more, putting
them at three hundred thousand by the end of twenty
twenty five. So if you only have one hundred thousand
homes and you're the largest, or you have ninety thousand
homes you're the second largest. What makes you think what
makes you so sure that you are going to triple
in size this year? What makes you think that? And
better yet, what makes Innovation Homes, Prettium Partners and their
investment vehicle Progress Residential, Blackstone and black Rock What makes
them so fucking sure that they are going to triple
or five x the amount of single family homes that
they're going to keep not ever so, but we need
rent to Americans.
Speaker 1: Yeah, well, obviously this year expecting Yeah, obviously they're expecting
a basically a meltdown and people not being able to
pay for their I mean, they're looking at a foreclosure
apocalypse on the horizon.
Speaker 2: Bingo, do you know that the COVID mortgage moratorium the
very policy that Black Rock advocated for. I mean, let
me rephrase that not advocated. Advocated would mean that they would,
you know, petition their legislators the same way a common
citizen like you or I could. Let's say what they
actually did. They bribed politicians to put in policies like
the COVID mortgage moratorium. Why would they do that? Because
they knew, right, like a rubber band, if I stretch
it out right by not allowing these small homes, right
individuals to just foreclose or seek debt relief some other way,
by giving all these people just a blanket. You know,
you don't have to pay your mortgage because you're distressed.
They know that if a person is having trouble paying
one mortgage payment, right, But what happens if they get
a six month or a three month extension? Well, pete.
If they can't pay a two thousand dollars mortgage, what
are they going to do with a ten thousand dollars
mortgage payment? It doesn't be easier. No, they're actually planning, right,
So they did this on purpose. There's no other way
to look at it, because you just don't you know, Well,
never mind, let's put this way. The steps that they
have taken already take at least two years to get
in order, So that means, let's go, what was that
two years ago? I was twenty twenty two, about this
same time that these policies took effect. So as soon
as they took effect, they immediately began preparing for this explosion,
this fucking detonation in the American dream. Well, the only
reason you would do that is if you knew exactly
the outcome that your policies would create at the point
in which you were advocating for them, and by advocating,
I mean bribing my government to implement or else. If
it wasn't the intent, then you would be caught just
as off guard and just as surprised as the average
person that wakes up and sees the foreclosure crisis playing
out on the news. But that's not what you're doing,
is it? Because you're a fucking monster. You're a menace
to my society. So there is three point seven million
single family homes that took advantage of the COVID mortgage moratorium,
right because their businesses got shut down. It's not that
these people fell into arrears because of financial mismanagement. They
fell into arrears because faggots like Larry Fink came ready
made for COVID. And I'll get into a little bit
more of what Larry Fink did, because there was a
document that I mentioned two or three years ago on
Peruvian Bulls podcast, a really really incriminating document, And when
we went back in a recent episode, I think it
was like two months ago, I referenced the document and
he and I both tried to pull it up, only
to find that Larry Fink had hit it. The page
where it was supposed to exist was there, but they
had taken it down and it wasn't an archive, wasn't anywhere.
So him and I spent twenty minutes live trying to
find this fucking thing. But Adam from the myth of
the twentieth century, he is a very smart guy. When
it comes to computers, I'm retarded. He found it, and
boy is it not an interesting read. But I will
leave that till later on. Larry Fink orchestrated most of
our COVID response. He and his faggot friends at Davos
came ready to each and every one of these governments, WHOA,
you don't know how to deal with this virus we
released on you. Well, here we just happened to have
a plan. So this policy came from the man who
Janet Yellen also gave the responsibility of administering our COVID
relief funds. So wait a second. The same guy who
had another proposal for a central bank digital currency that
he tried to force down the Fed's throat in Jackson
Hole in twenty twenty. The same guy that got Janet
Yellen to give him the ability to borrow from the
Federal Reserve, which, because of COVID was forced to drop
interest rates to zero, actually to like, you know, a
little bit above zero. But you and I we didn't
get zero interest rates. We got like two or three
because the bank obviously that is giving us a loan,
has to make some money. But Larry Fink got that
money for free, a private equity fund manager, a pension
fund manager. The fuck do you need to be at
the FED window for? Why do you deserve to borrow
for free? Why do you deserve free money? Because that's
effectively what borrowing and zero interest rates is. Why do
you deserve to get this free money? And then you
think you have the right to then snatch up americans
homes and rent them back to them, you fucking worm.
Well what did Larry Fink get famous for? Why? What
is Blackrock? Like? We know the agenda that Blackrock tried
to push into our corporations and into our educational institutions.
Where did they get the money for that? Yuh? Where's
Larry Fink's thirteen trillion dollars of assets come from? Well,
that's easy you. Larry Fink got the bright idea him
and his fucking friends at Vanguard. Looking to who owns Vanguard?
It'll take you a little bit, but boy, is it
worth it. It's private company. Unfortunately, Vanguard's a little bit trickier,
but you give Larry Fink his power. Larry Fink's bright
ideas was taking all of Americans' retirement savings, right their
pensions and using them against them, because like, let's say you're,
you know, a teacher, and you have your money going
to you know, your pension every single month, and you're
a biology team. You don't know a lot about the
fucking stock market, nor should you. You're a good person
doing what a good person would do, which is, you know,
at their job, teaching young people about biology. So a
portion of your check every month goes into your pension,
and Larry Fink stepped in and lobbied the state government
to have Blackrock manage that pension. So you think your
money is you know, in I don't know, a random
basket of twenty stocks. Well they are, but you own
those stocks, and therefore you get a vote. Every shareholder
gets a vote, right because you own part of that company.
But what Larry Fink did was he took your vote
from you without ever telling you he had one, and
he took all of Americans' pension funds, all of the
stocks that they owned cumultively, and he voted their shares
for him for them. Sorry, Well, that would give Larry
Fink enough shares in pretty much every major company in
America where Larry Fink could snap his fingers and fire
any CEO he wanted to, especially because he was colluding
illegally with Vanguard to do so, and State Street illegally
because what did they do with these shareholder votes, these
fucking pieces of garbage. Well, I don't know exxons and
oil company, right, So maybe threatening Exxon, firing the CEO
putting in some no joke, not an oil expert person,
not anybody that spent any time in energy whatsoever, but
one of these freaks that came out of university, a
professional activist with a grievance studied degree, a critical analysis degree,
critical pedagogy degree, whatever these fucking fake degrees are for
these deranged, soulless vessels. Well, maybe firing the CEO who
knows a fuck of a lot about energy and oil
and replacing it with the retard who only knows about
hating certain demographic groups and a bunch of consultant nonsense words.
To then take Exxon's capex. Right, There's two types of
funds a corporation has, right, It's CAPEX and op X.
Op X is what you know, your operational cost, like
what you need to run your business, and CAPEX is
what you spend try and expand and grow that business. Right,
it's like the business investing in itself to grow itself. Well,
you wasting all of Exxon's capex on solar farms and
other fagotry that did nothing but lose money because you're
a grievance study retard. And a lot of these CEOs
are still in place. Just because Larry Fink got his
ball snipped by Uncle Jamie Diamond and Jerome Powell, a
lot of the damage that he's done is still in place.
I know, fucking Harley Davidson just got rid of their
transvestite loving, you know, child sodomy enthusiast CEO that they
put in in twenty twenty, But a lot of these
corporations did not. Luckily, Exon is under anyways, so you
could argue that none of these shareholder votes were in
the best interests of the shareholder. If I own a
share of Exon, you replacing the CEO that knows about
the fucking energy business with a transvestite sodomite that knows
nothing except for gender studies. And it's just going to
listen to what Blackrock tells her that that may be
bad for Exon and thus bad for shareholders because it
was all of these policies that all of these corporations
implemented cost the company's hundreds and hundreds of billions of dollars,
which means Larry Fink and his friends at Vanguard and
State Street violated their fiduciary obligation. Right, they committed crimes basically,
which is what I'm describing as a crime. Right, So
for me to deliberately mismanage your money or act because
the fiduciary is I promise to act in this person's
best interest, and an investment language, it is I promise
that every action I take with your money will be
in the best interests of you and your money.
Speaker 3: Right.
Speaker 2: And it's a pretty solid legal doctrine with a million
billions miles of case law behind it. So the level
at which Larry Fink his friends at Vangarden State Street
broke the law and committed crimes is I mean, pretty ironclad.
And I'm only just now seeing lawsuits from shareholders to
these fagots about it. Maybe a I don't know, an
enterprising attorney general and one of our more redder states
would take a look into this, because I guarantee you
your state's pension fund is either now managed by or
for a long period of time managed by Blackrock. So
that means they have defrauded the state that you are
attorney general or an enterprising prosecutor in right, So that
basically makes every single one of your tax payers and
a grief party of victim. So you should look into
that because I mean literally, it's the is the most
fucking easy layup case ever unless you know Larry Fink
and his lawyers, you know, could somehow argue that a
transvestite queer studies major not only like fucking two years
out of college, is a better CEO for Exon than
the guy in the energy business for thirty years. I
don't know. Maybe that's possible, I doubt it. So back
to the other crimes, I guess that they're in the
process of committing because there's three point seven million people
that are on this assistance. And to give you an
idea of how hard it is to get off of
one of these assistance programs, over the last three years,
out of the three point seven million, only five hundred
thousand have been able to get off assistance themselves. All right,
there's two point eight million people right now that cannot
resume payment of their mortgage. And there's another half a
million that are already delinquent or word delinquent when they
started this, So that means they have what is it,
three years, three years of mortgage payments backed up. So
let's say your mortgage is I don't know, let's say
it to average mortgages, like what twenty four hundred bucks,
twenty one hundred bucks, So we do twenty five hundred
bucks times thirty six months, you got ninety grand. Well,
what actually, no, because the compound interest was also accumulating
while you're on this mortgage assistance program. So actually, let's
just do that reasonably all times. Why let's say the
compound interest got one hundred and thirty grand, Probably not
if you had trouble with your two thousand dollars, all right,
So they knew this would happen, and they know that
whenever this COVID moratorium that was arbitrarily imposed because Larry
Fink and his friends lobbied your government to come shut
down your business, right, and you were forcibly unemployed, not
because of any business reasons that these people, these people,
this is what's most upsetting about it, not the fact
that your business plan, like literally what you're pitching investors
right now, you fucking scumbacks is how excited you are
to turn the thirty percent of homes in America that
are currently corporate rentals? Right now? You're going to turn
that number to sixty. In your materials, you are showing
investors that you are planning on renter dominance. What is
renter dominance? That means more than half of single family
homes in America are going to be rentals if you
and your friends are left up to do what you
fucking monsters plan on doing. Honestly, this is worse than
worse than the healthcare episode. I want a fed post
so much more like describing what these people, particularly these
people are doing makes me want to yell about all
the different ways I would like to murder them or
I would like to watch them be murdered. But I
can't actually go into any of that because I'll probably
get the fucking FBI at my door, So you'll just
have to use your imagination. Dear listener, Well this moretorious, right?
Speaker 1: Yeah? But is this moratorium? So how many states went
past twenty twenty one when they when they got rid
of it?
Speaker 2: I don't know, but enough for there to be three
million people in them right now.
Speaker 1: Yeah, because I know that.
Speaker 2: Most California would be one.
Speaker 1: Well, California is on a moratorium now because of the
fires and everything, so I mean there's moratoriums upon more.
On top of moratoriums.
Speaker 2: Well, apparently they're starting to be lifted. Because check this out.
This is going to gross you out even more. So.
Remember how I said that one hundred and forty or
one hundred and forty fake LLCs, we're really just disguising
four homes or sorry, four firms. Yeah, well, the reason
you do that is to hide your market share and
more importantly, avoid regulation. But the real thing that you
can do with it is you can manipulate the local data.
What I mean by that is, so let's say I
own a bunch of houses on your street, and I
take one of my houses that's you know, let's say
it's the one i'd like the least or whatever. I
don't care. It's say it's empty, and I sell it.
I put it up for sale. You know, let's say
twenty percent of twenty percent additional on top of what
it's worth, and say, if it's worth two hundred thousand,
let's say I put it up for two fifty, and
then I take one of my LLCs and I buy
it for two fifty. I did nothing, basically, I literally
swapped it from one hand to the other. But what
I just did, though, whether I do it once or
maybe I do it twice, depending is I've just adjusted
the COMPS for that whole neighborhood, right, Because an appraiser
goes off of comps right comp sales, so similar sales
in usually like a one to three mile radius around
the home in the last ninety days, and they use
that those sale values to appraise and set the value
of all the other homes that I have yet to
been sell, that have yet to you know, list for sale.
So what I effectively did was I turned the ten
houses on your street from two hundred thousand dollars apiece
to now two hundred and fifty thousand dollars apiece. I
just increased the asset size of my portfolio twenty percent.
But I can't do that, right. I can't sell to
myself right as a person, right, that won't count. So
I would need to do it across multiple LLCs to
hide my ownership. Right. So let's say I set up
three LLC's that's enough for me to bounce, you know,
play the play the ball in the cup game with
the local appraisers. But they got a lot more than three,
all right, so let's just you know, what is it
one hundred and forty two. We'll just say one hundred
and forty average across four firms. These firms are using
about thirty to thirty five LLCs apiece to make it
really difficult. But if you have a bunch of shell
LLCs that you're buying and selling with, you can effectively
steer the property values any which way you want. You
can drive them down as you're acquiring, and you can
drive them back up once you're done acquiring. Because let's
say for every one hundred dollars you spend, right, you
spend seventy five on buying the houses, and you put
twenty five dollars aside for every hundred dollars right, So
you take twenty five percent of your funds and then
use that free cash that's not currently being tied up
in deals to just bounce these houses around between each other.
Between these thirty five entities, you have driving the cost
or driving the property values of these homes up, and
it works the same way with rent. So funny enough,
out of all these homes that Progressive Residential and Innovation
Homes and Blackrock have already purchased, right, so damn near
ninety percent. Would you be surprised if I told you
that they saw across this ninety percent of all the
homes that they own, they saw a thirty two percent
rent increase within a year. How'd you manage that? How
did you manage to raise the average rent? Right? Because
rent is usually decided on like a going figure. Right,
So if a bunch of houses in this area of
similar size and shape, are and quality are rented for
let's say, twenty five hundred bucks, you could put your
sign out there for rent three thousand dollars, and you're
just not going to get it right, And any real
listing your property for rent for you, any property management company,
is going to list that property for twenty five hundred dollars, right,
because listing at higher does no good. So unless there
is a whole bunch of transactions, rental transactions at like
twenty six hundred dollars and twenty seven hundred and twenty
eight hundred, twenty nine and three thousand only when that happens,
have you actually changed what the rental income is for
that area. So somehow, miraculously ninety percent of the properties
they buy, the rental prices for their areas miraculously increase
one third thirty years, makes it thirty two percent? Call
it the thirty three percent one third within a year.
You know what that is? Well, that's impossible unless you're
doing crime, unless you're doing fraud. So if it was
like twenty percent of your properties saw a rent increase
thirty percent within a year, that would be really good,
like damn good move. But ninety percent, nah, nigga, I'm sorry,
that's not believable. But what markets are they doing? The sin? Well,
this will make you sad. Okay. So there are these
things called this is funny where I jot this down.
I want to make I want to make sure I
have it one hundred percent accurate. Well, ah, there we go.
Red zones. Yes, okay, So there's this term called red zones.
Red zones are cities or you know, large towns where
they're out of all the homes period, not like all
the homes for sale, but all of the homes in
existence in this place. Right, So like LA is one
of these places. They're a red zone, and a red
zone is when corporations, right investment institutions own thirty percent
or more of all the homes in that place. That's
a red zone. So that means one in three roughly
houses single family house. This is not multi family. This
is all just single family where not even fucking talking
apartments and any other fucking you know pods they want
you to live in. These are homes. These are where
people start families. These are what young couples dream about.
This is where kids get their height carved into a
notch by the fridge as they grow up. That's what
these are. These are homes. Homes are where people live.
So one in three homes in LA will only ever
be rentals, so that means no families will be started there,
just transient people that can be evicted whenever. Right As
Innovation Homes fills their home full of free smart devices
and turns them into a twenty four hour data feed
to sell to Yip Data, you know, one of the
largest data brokers. So guess how many red zones there
are currently in America? Actually, guess how many there were
in twenty twenty.
Speaker 1: Red zones.
Speaker 2: Yeah, where basically towns or cities where corporations own thirty
percent or more of the houses to rent. Sex far
how far off of it? It was six in twenty twenty.
I just thought about the biggest cities. Yep, oh it's
very yeah, guess what it is now? Seventy forty seven.
Uh but my friend both Blackrock, Blackstone and maybe someone
at pre Tory, uh Pretium, Prettium, I can't say that
fucking name right, Prettium Partners was nice enough to send
me some nice screenshots. Do you know what their internal
projections are for twenty twenty six? How many red zones
they're going to be? I mean we're already past the
six major cities in America.
Speaker 1: Well, if they're looking at they're liking it. Yeah, if
they're looking at tripling, then I would say one hundred
and fifty.
Speaker 2: One hundred and fifty two by twenty twenty six. All right,
So what is hundred and fifty two? What is America's
one hundred and fifty most? Okay? All right, so one
hundred and fifty Fort Collins, Colorado, Pembroke Pines, Florida, Santa Rosa, California, Salem, Oregon, Aurora, Illinois, Eugene, Oregon, Shreveport,
elk Grove, Clarksville, Ontario, California, Mobile, Alabama, Newport, News, Virginia,
Fort Lauderdale, Chattanooga, Glendale, Akron, Ohio, Temple, Brownsville, Prominence, Huntington Beach, Montgomery, Alabama, Vancouver, Washington,
Grand Rapids, Michigan, Birmingham, Alabama, Overland Park, Kansas, Knoxville, Tennessee, Oxnard, California, Preoria, Arizona, Augusta, Georgia, Columbius, Georgia,
Grand Prairie, Texas, Tallahassee, Florida, and Maarillo, Texas, Little Rock.
These are small like these are towns Rochester, New York, Yonkers.
We got Salt Lake, Fayetteville, De.
Speaker 3: Moine, McKinley, Texas, Modesto, California, Baton, Rouge, Louisiana, Tacoma, Washington,
Santa Clara, San Bernardino, Cape Coral, Florida, Frisco, Texas, and Huntsville, Alabama.
Speaker 2: And that's just from fifty or one hundred and fifty
to fifty. We've got sorry, one hundred and fifty to
one hundred. I've got one hundred more to go. That's
just you know, a third and keep going. Because that's
I guarantee you this is exactly where they're looking, exactly,
because that's what I would do, right if I was
a fucking parasite, scumbag, rent seeking, fucking in unable to innovate,
unable to produce anything of value, motherfucker like these people,
That's what I would do, because what else would you do?
If you're a fucking scumbag piece of shit like Larry
Fink right, unfortunately alive, motherfucker like he is, well, you
would go to your bank friends, right, and he would say, hey,
remember two thousand and eight was really bad, right, just
whole blocks of mortgages just dumping on the market, all
these foreclosures hit in the market, all that, you know, time,
just driving the property values to the floor where people
were actually able to afford them. Mind you, how would
you like to keep property values at this artificially inflated level.
I mean, you'd say it's not artificially inflated, but I
don't know. Twenty to twenty twenty two, home prices doubled.
Then Joe Biden introduces sixteen trillion fucking dollars into the economy,
and what do you know, the homes that just doubled
in value in two years, which average rate appreciation is
about two and a half three percent. But somehow miraculously
you're able to pull off another ninety seven percent in
two years. Amazing, right, instead of six percent two years,
we're going to pull down one hundred percent two years.
You can say that's artificially increased. Well, what happens if
you dump sixteen trillion dollars in the economy because you're
a fucking terrible human being like Joe Biden. Well, then
property values are going to double again, just because that
money poured right into the markets. And eventually, after every
fucking stock doubled and every private company doubled, well there's
still money to go. What do we do with it?
Dump it into the real estate market, and property values
doubled again. So from twenty twenty or twenty nineteen, property
values doubled, and then that doubled number doubles again. So
property prices are artificially high. Buy a lot, So banks,
would you like to keep it like this? Because you
got all these foreclosures. I know that they're happening because
I'm using AI to monitor second by second, every single
delinquency in taxes, every delinquency in payment for mortgages. What
these people spend on their credit cards? Oh yeah, Like
they'll brag in their investor materials about all the spying
they're doing on you, just so they can make sure
the second it looks like you may not be able
to make your payment, well, they're going to tell the
bank that owns your mortgage, hey, could you put this
guy aside for us, which again is fucking illegal, because
you would be amazed. All right, bank's not wanting to
do shit that's illegal. They were cool with it. They're like, yeah,
we'll do something illegal for you. We'll do this stuff
called I mean, it's called shack inventory, but what it
is is illegal inventory. And right now, about fifteen percent
of all the mortgages in America. I can't remember it
was all the delinquent ones or not. I've had to
do a lot of talking today, so my brain is
on the last bit of juice it has. But anyways,
whether it's fifteen percent of all the mortgages that the
bank holds or whether it's fifteen percent of the delinquent ones,
I can't remember. But they're being held separately for institutional purchasers,
because Larry Fink and his faggot friends went to these
banks and say, hey, wouldn't it be better instead of
a bunch of foreclosures hitting the market all at once
and decimating property prices, wouldn't it just be better if
we bought them silently secret from you and big old
blocks and they never hit the market, so they never
have a chance to fuck up property prices. Because we've
got one hundred and fifty LLCs that we're going to
do some more crime with, and we're going to jack
those property values up anyways, because we need to jack
the property values up so we can jack the rents up.
So don't worry, like, we don't care if we're paying
full price for it. It's not our money. Larry Fink's
still borrowing fucking from the Federal Reserve for free, well
now less than free, but neras makes no difference. Free
right if the interest rate is like three or four
or five percent. Inflation's five percent, right, so real interest
rates are zero at the FED rate for Larry Fink
interest rates or zero. So they don't care if they
pay this inflated price for it, because they full on
plan to jack it up even further. They've already got
each one of them about forty LLCs to do the
fuckery with. So that's what these guys are planning right now.
And I would bet, I don't know, you can't keep
what was it eighty billion just for Blackstone, not even Blackrock,
Blackstone smaller by quite a bet. So if they got
eighty billion, god knows how much Larry Fink has. And
I mean, let's take let's take progressive residences. I can't.
I always forget, dude, I'm running on fumes. Today. You
got innovation homes and progressive residential these guys, I mean,
what is innovation homes market cap? It's a public the
trading company. Tell me how much one hundred fifty thousand
American single family homes that you've turned into fucking rent farms?
Tell me what that equals and dollars? Innovation homes? What's
the stock price? Okay, that's thirty two dollars a share?
Not bad? Market cap? Nineteen billion dollars. Nineteen billion dollars
is how much one hundred and fifty thousand rent farms
is one hundred and fifty thousand murdered American dreams? One
hundred and fifty thousand things that shouldn't exist are worth
roughly nearest, makes no difference, nineteen billion dollars. So you
tell me that you're gonna triple in size. You're gonna
buy what one hundred, one hundred and fifty thousand, that's
what four hundred and fifty thousand, four hundred and fifty
half a million American homes, all right, so that you're
gonna need another forty billion dollars, bud. So if innovation
homes going to need forty billion dollars, and they're already
the largest single family owner, that means Blackstone and black
Rock they're coming to grab this whole market up because
eighty billions a lot more than sixty. So they're trying
to corner the market in basically robbing Americans from the
ability to own homes. Because when private equity owns thirty
percent of the homes in America, that means private equity
decides when the real estate prices go down, because they
got enough properties they can bounce, and they got enough
cash sitting on side to bounce those motherfuckers around internally
and make them a praise at whatever the fuck they
want to. So shit. Probably, I mean, just off the
top of my head, forty of the homes in America think,
I mean, maybe their goal of more than fifty percent
is a little ambitious. They'll probably get to forty five
percent of all the homes in America, and that makes
America a renter nation for forever. And once you psychologically
and morale wise, that reality does something to you. It
demoralizes you as a population. Because if you're renting now
and you know that you're never ever going to do
anything other than rent, there's a whole lot of dreams
and a whole lot of goals that go with that
you just have to throw right in the trash. And
that's not even including what they tried to do to
the fucking money in twenty twenty. But to say that
these men should all be lined up and shot being
fucking understatement. And that'll be my fed post for the day.
I didn't say which men, and I didn't say by who,
so fuck off. Well.
Speaker 1: One of the crazy one of the things you mentioned
there is I remember a buddy of mine, like at
the beginning of twenty twenty, he got his I mean,
he lives in his house, so he's not planning on moving.
He's not, I mean, he's just there, so he doesn't
know what it's valued at and everything. Well, apparently, in
like two thousand and nineteen it went up, so it
increased in value so much that his property text doubled. Yeah,
so you're like, so that's another thing. Is while market,
you know, while the housing market is climbing, So it
is property tax in a lot of areas simbly every area,
but most areas it's going to increase. And that's just
another burden that people have to have to bring out
of pocket.
Speaker 2: Yep. And that's why the ais are monitoring their property
appraiser's website for the second that that thing goes even
one payment behind, they're lining up the funds ready to go.
And also what happens if your home triples in value.
That means your insurance company is now on the hook
for three times as much. I guess what's going to
happen to your rates? Well, they're going to increase by
three x like my mothers did. And then when it
couldn't increase anymore, they just dropped her, along with most
people in the state of Florida. Oh and same with California.
They just dropped hundreds and hundreds of thousands of people
because they're sitting there watching these property prices triple, and
then they're looking at what the state's doing to prevent fires,
which is well, fuck all, and they're like, we have
to raise property we have to raise property insurance prices.
And the fucking morons in California state government passed a
law right before the fires banning property insurers from raising
rates too rapidly. Well, having a house price triple in
three years is rapid, So how are they supposed to
cover that, let alone the fact that you're basically, I
don't know, piling kindling up at the feet of all
of these fucking homes, you morons. So what do they do?
The only thing an insurance company can do. I'm not
even mad at them about it. They pull out, and
what do you know, there's a fire two months later,
kind of like the insurance companies were warning about. Well,
I think, as it is right now, from what I've heard,
more than half of the homes that got torched in
the LA fires had their insurance pulled about two to
three months prior. That is not enough. I don't know
if anybody is shopped for homeowners insurance. But it's a
fucking nightmare because you have to have appraisers come out,
and appraisers have schedules. So what happens when I don't know,
a couple hundred thousand people all need to call an
appraiser at the exact same fucking time. Well, guess what,
You're waiting a while, as anybody that's tried to do
anything insurance related after like a storm or anything like that.
So these people didn't even have time to purchase new
property insurance even if they fucking wanted to. So just
like the people who ended up on mortgage assistance, all
right on that mortgage moratorium because some fucking faggot listened
to Larry Fink and his friends and locked down the country.
Because don't get me wrong, those lockdowns had nothing to
do with COVID whatsoever. See the problem, Pete, is if
you print sixteen trillion dollars or whatever the fuck it was,
you're gonna have inflation rip real quick because the market
is pricing everything ahead of time. The market doesn't care
what it is now, what anything is now, it cares
what it will be like you're investing to what it
will be, right, so it's forward looking, which means it
moves fast. So how do you stop rapid inflation happening?
You need a way to cool the economy down, slow
down the velocity of money. If only there was some
way that you could just lock people in their homes.
And what do you know? The best lockdown indicator that
I found during while this was happening was the FEDS
inflation data. I predicted something like once I figured it out,
I think I didn't. I was unable to predict one
lockdown side out of all of them. They didn't give
a It wasn't not a fucking virus. It wasn't not
all cases are rising. It was inflation that was rising,
and they needed to cool the economy down because the
velocity of money is Let's say I got ten dollars, right,
and I take in Uber to Pete's house, right, And
that Uber driver gets my ten dollars and he goes
and fills up his gas tank, right, And then that
gas station guy he needs to go buy more red bulls,
and that ten dollars has changed hands three times in
an afternoon. That's high velocity money. But if everybody's locked
in their homes, velocity of money goes way down, which
means you can print a large amount without the inflation
is starting right away, which was part of Larry Fink's plan. Literally,
he presented it to Jackson Hole because oh yeah, he's
on the fucking fed that he shouldn't be thanks to
Janet Yellen, also in charge of COVID relief funds and
COVID relief programs like the mortgage moratorium. Larry Fink tried
to shove a central bank digital currency down your neck,
one that he had planned for. Literally, the fucking plan
is impressive. It's like fucking one hundred pages, charts and everything.
Probably took at least a month or two, but it
was dropped. I have a month after the very first
lockdown started less, almost like they had it ready to go.
My favorite, if you want to hear a slide out
of it, Pete, is the one where would you believe
it or not? They were nice enough to list out
the different type of hurdles their central bank digital currency
is going to encounter. And my favorite slide out of
all of them is this one. The going direct reset
plans problem with they call it. It's very funny. They
call it here we go it's page eleven. Here we
go political challenges. Yeah, so basically there is growing political
discontent across major economies, and central banks are one of
this target or one of the targets for atation and misinformation.
Widening inequality has fostered backlash against elite. And there are
many drivers of inequality, including at its root technology that
we need to censor and a winner take all dynamics
of globalization the Great Financial Crisis. See, they know that
globalization is just entropy. They know it. They know globalization
is globalizing wages, not just globalizing production. So they already
know that you're going to love competing with the Bangladeshi.
The Great Financial Crisis and the resulting forced bailout. Oh,
it was definitely forced by somebody, you fucking cunt of
financial institutions deemed too big to fail, deemed by who
has added fuel to this backlash along with rising misinformation.
Not acting during the Great Financial Crisis would have almost
certainly led to a Great Depression like outcome. So it's
a good thing we did what we did. Much higher
unemployment and even worse inequality. Yet the counterfactual narrative provides
no solace to those feeling left behind the pores, and
monetary policy tools themselves might have increased inequality. You mean
the tools that you fucking people have and are talking about.
How you have them right now? So your tools, your
monetary policy tools themselves, we might have inadvertently increased inequality,
and we are certainly perceived to have done so incorrectly
from that misinformation by put pushing up the price of
assets owned by only a small fraction of the population. Governments,
not central banks, have the largest impact on issues of
inequality and wealth redistribution. Nigga, what did you just say?
And a greater use of our fiscal policy tool is
needed to offset the impact of central banks policies on inequality,
including the impact of monetary policy. So wait, a greater
use of fiscal policy tools is needed to offset the
money printing of banks. Okay, what tools? That is why
we believe the boundaries between fiscal and monetary policy will
be continued to be blurred, and why a clear framework
is needed to mitigate this risk, a framework that we
happen to already have written ready to go. Without a
clear framework, political pressure will build on many fronts, and
USAID is going to make damn sure they do. Some
of these pressures may lead to better outcomes and better
defective coordination, but some may not. For example, the next
downturn will likely take inequality more directly into account to
be politically unpalpable. Not all asset purchase programs are born
equal when it comes to their impact on inequality. Policy
responses that put money more directly into the hands of
citizens might be more attractive, and the rise of central
bank issued electronic money and central bank digital current might
achieve these objectives in ways that were not previously possible.
The key is coordination does not require giving up central
bank independence. Instead, policy frameworks need to evolve and acknowledge
that it is not responsible or sorry. It is not
the response itself that needs to be independent. The policy
response in times of crisis like COVID nineteen will have
to involve elements of both fiscal and monetary policy, so
basically government and central banks. But the contribution of monetary
and fiscal authorities to the response of COVID nineteen cannot
be clearly separated. The approach described below provides a concrete
example of how this could be done. The going direct
reset is about emergency fiscal policy and central bank digital currency.
And then they go into the political hurdles by country.
There's the legal frameworks. Despite the Fed's wide latitude to
purchase treasury bonds, the debt ceiling is coordinated with the
Treasury in Congress, which restricted the Fed's emergency lending authorities
after the crisis and presents challenges. Now, these challenges need
to be remediated, as in, like you need to go
change the laws for US peasants. Cooperation has precedent, however,
during and after World War II that ended with the
Treasury Record of nineteen fifty one, which would need to
be repealed. Oh really, And when the Treasury Department and
the FED decoupled debt management and monetary policy and agreed
to minimize moderately or money monetization, these things would need
to be at minimum reversed in any future financial crisis.
Options to implement Congress could create a special Treasury account
at the FED and authorize the FOMC, which Janet Yellen
just put Larry Fink on to fill the account up
to a preset limit. Oh, Congress could create a special
Treasury account. What a novel idea. And there's another one
for the EU. There's another one for Japan and another
one for the UK, and they specifically outline constitutional hurdles.
So this is what Larry Fink as I read the
Blackrock disclosure for this lovely document he presented to the
Federal Reserve FOMC board at Jackson holl right after the
pandemic that coincidentally happened to save a bunch of bankrupt
banks and a liquidity crisis. He was planning the exact
laws and legislation changes to implement a central bank digital currency.
So to think that he did anything different with this
housing crisis, they love crisis would be any different Banks,
Blackrock Investment Institute. It's appreciated. These are criminals, That's what
they are. These are all criminals. Jail would be nice,
but if we think about how many lives these people
have destroyed, how many how many dads that thanks to
the lockdowns that these fucking faggots engineered, put a pistol
in their mouth because they could no longer support their
family or their monetary situation got them a divorce, and
now they don't get to see their kids anymore. These
people are criminals, and they're setting up to do it
all again, and no one's paying attention, and the other
thing is the other thing that everyone seems to be
don't get me wrong, Like guys like Musk, guys like Andresen,
like these guys they don't interface with the property market.
I don't hold it against them, like they have a
lot on their plate to deal with. So unless your
nose is in the real estate market all the time,
like you just flatly don't know this shit. So right now,
like twenty percent of all the fucking homes in San Francisco,
New York and LA on top of the thirty percent
owned by Blackrock are owned by Chinese people, but not
in like a xenophobic type of way, as in, foreign
nationals buy these properties and they don't rent them out
and they don't move into them. They use them as
bank accounts that are shaped like houses. Because America is
so amazing that it's real estate market, it's deeded property
backed up by force of the American government, is more
secure than any bank account that they could get in
China or Russia or India. And the two percent average
property appreciation provides a stable rate of return you were
going to get in any fucking money market fund or
anything like that, oh, when they lucked out during COVID
because the interest rate on their little savings account that's
shaped like a house that a family can't live in. Oh, well,
for you know, three years, the interest rate was two
hundred percent. It's a good deal, Manhattan. It's thirty percent
of the homes or thirty percent of the apartments and
condos are vacant and stay vacant twenty four hours a day,
seven days a week, twelve months a year because Chinese, Russian, Saudi,
Indian rich people just buy them, lock the doors until
they're ready to withdraw their money, which is when they
sell the apartment. So percent of the housing supply in
major metropolitan areas is kept away from the people that
actually want to buy the houses to live in. Right,
So thirty percent is basically yanked off the market and
hit away, which artificially jacks up property costs, house housing costs,
just so foreigners can have a fucking bank account here
at our expense. They increase our property costs materially, I
would say, forgetting the private equity funds that own thirty
percent of American homes, just the foreign investors using them
as bank accounts. As another twenty percent, So that means
the property cost The reason twenty percent of the reason
young people can't buy a fucking home is so rich
foreigners can use them as bank accounts. So they don't
put that money into our economy by investing in like,
let's say, a investment fund that actually does things. They
don't want to do that because there could be a
little risk. What if the investment goes down? What if
I don't make my guaranteed two percent. Well, it'd be
much better for me, the foreign rich person, to just
raise your housing costs and take perfectly good homes out
of the housing market so I can use it as
a fucking bank account. Your country is an economic zone
and a financial institution for foreigners. And as this fucking
debt bubble on wines and all these fucking economies collapse,
luckily thanks to Elon, thanks to Andres, thanks to Trump,
that fucking crisis is going to hurt us but not
destroy us, and it will destroy most of the other
g twenty countries. When that happens, where do you think
all those rich people dollars are going to go. They're
going to go into the last game in town, which
is us. Are they going to go into the market
where they just watch the market where they live crash.
Where are they going to go? What's the most stable
and safe asset in the fucking world? Treasury bonds? What's
the second most American real estate? So you think it's bad, now,
just wait until Blackrock and all those other fucking fagots
I just listed off get their way, and then fifty
percent of homes will be owned by private equity companies
renting them out to Americans. And guess who's going to
own the other fifty percent. That's right, asshole, some Chinese
fagot who never intends to even step foot in that house.
So Donald Trump is going to end up because he's
got a lot on his plate completely missing this. Unless
you pass laws or executive orders, I'm okay with those.
Apparently you guys are too. Unless you stop foreign capital
parking itself and hiding itself again, this is purchasing power,
This is capital. They can keep that house off the
market and hid in, but then borrow against that asset,
and now foreign nationals from hostile countries rather than deposit.
You know, trying to transfer money from China into America
is really fucking hard, But if you bought a bunch
of assets here, going and getting a line of credit
against those assets is better than and fucking trying to
send money from China here and having to worry about
Finnsen right in the Treasury Department taking a look at it.
Them just borrowing against these assets that they shouldn't have
in the fucking first place, bypasses all of our safety measures.
You want to know how Hunter Biden and that private
equity fund bought up a bunch of fucking missile technology,
secret missile technology that would never have allowed, never been
allowed outside of this country, because that money was already
in this country. That's why. That's how. So unless somebody
gets a hold of this a fucking housing in America,
the American dream is going to be yanked out from
underneath every person that doesn't already own a fucking house,
and every person that does own a house will be
too fucking scared to ever sell it because what else
are they going to get with it? Nothing? So America
becomes a renter nation for forever. Larry Fink and his
friends get the you will own nothing and be happy
that they always wanted because who really cares? When they
say who will own nothing. You will own nothing and
be happy. Well, if you will own no car and
you'll be happy, that'll really suck, but you could probably
grin and bear it. But you will never own the
place you live and you will be happy. Buddy. If
you think if you're worried about political instability in this country, now,
just wait. Donald Trump's legacy will be torn out of
his hands and destroyed in front of him if he
does not catch this, unless somebody gets out in front
of this. Because again, we don't know when debt bombs
are going to go off. That's the problem with financial
crisis is they never come exactly when you plan for them,
but you can plan that they're coming. These guys are
clearly planning. So unless somebody in the administration gets ahead
of this, it's going to be a fucking disaster. And
these people want it to be a disaster because then
you can't stop them. The reason that the fucking left
can't stop what Donald Trump is doing is because he
is basically a disaster for them, just chaos. There's nothing
that they can sink their teeth into. The exact same
thing will happen but against him. All of the enemies
that tried to keep him out of office. Well they just
got a big, huge, fucking payday. And if you control,
just ask the lovely people in Canada about how Chinese
citizens owning large amounts of their residential property has now
manipulated their local voting to wear fucking foreign nationals and
literal CCP operatives are in the fucking Canadian Parliament now
getting a hold of this is not just the right
thing to do, not just the right thing to do
for Donald Trump's legacy, not the right thing to do,
to do right by Americans who honestly, after COVID, after
Black Lives Matter, after fucking sending all of our money
to Ukraine, I think we've been pretty patient. But take
away the American dream from them, and they don't. They
don't love Donald Trump that much. Talker Carls is not
gonna be able to keep these people in line. Like
you have a fucking problem. I mean, you could be
a political retard and this would fucking cry out and
get you to pay attention to it. Like you could
be the most politically and up human being alive and
know that this is a serious problem.
Speaker 1: So I think I think most people can listen to
everything you said the and and understand why this this
can cause an apocalypse. I think some people would have
questions about the four bear uh, the forbearance from COVID.
So I did some digging while you were talking, and
it looks like there are still it's not as many
as as there were, but there's still a hundred and
ten thousand people, one hundred and ten thousand homes that
are in forbear that are in forbearance and they're looking
at and it's still going into twenty twenty five. So
that's just the federal programs, right, Yeah, I think this
is just a federal programs, not the state. Yeah, this
is the federal program, not the state. So you know,
and it shows it shows here, like you know, the
first thing that says you have to pay a lump
sum payment of the whole thing or you're going to
have to go into a short term repayment plan. So
you're either going to you're either going to end up
trying to pay off the whole thing, which is four
years of mortgage payment's good luck to the average American,
or a repayment plan which is going to be very
short term, which is basically six I think it's six months.
You'd have to do it in six months six month payments.
I don't think most can do that, or you'd have
to go into loan modification of some sort. And that's
if they allow it, and you know, think about it,
that's the key. You're going You're going into loan modification
at a time when what just a regular mortgage rate
is what eight nine percent? So what's the modification rate
going to be.
Speaker 2: If they decide to. That's what's funny because it's at
the lenders discretion.
Speaker 1: It says here right here, because mortgage rate to deal
with black Rock, Yeah, it says here because mortgage rates
have gotten up. Lenders don't have a lot of flexibility
around rates. Some may be willing to extend your your
loan length. Yeah, this is the FAHA. Last year rolled
out forty year options for loan modifications. So it says here,
say your original thirty year loan was two hundred thousand
and five percent, your monthly principle and interest would be
one thy seventy four. You could keep They'll allow you
to keep the same rate, but extend the repayment schedule
to forty years, dropping your payment to ninety six. So
Basically you'd have fifty bucks one hundred bucks off a
year your mortgage, but you'd be given And who's going
to do for Who's going to do forty years? I
mean maybe some people, I don't know, but this is
all a bank is going to agree to do that, Yeah,
especially if they've made especially if they've made Yeah, if
they've been colluding with Blackrock or any of the companies
that you've been mentioning one.
Speaker 2: Hundred percent, why not just get it right off my
balance sheet?
Speaker 1: You know? This was the thing present, you know, this
was the last thing that brought me out of like libertarianism.
I was still holding on to like some libertarian ideas
and like I think June to twenty twenty one, there
was just like a little bit still there. And then
our buddy Matt Erickson did an episode talking about Blackrock
and how basically they could go to the they could
go to the FED window borrow for nothing and buy
up private housing. And his question was, what's the libertarian
answer to that? And the state, bro, Yeah, you don't.
Speaker 2: You don't have any options in this other than the state. Right,
you have hostile foreign actors because that's what they are, right,
You know that Blackrock document. I just read to you
all of those people that wrote that at the black
Rock Investment Institute, wouldn't you know it? Besides being from
the same tribe and ethno religious persuasion, they're all BIS
Bank of International Settlements alumni or European Central Bank alumni,
every single one. What was the odds? You have four
people Elga Barshe gene Bovin, bi v I, n Stanley
Fisher and Philip Hildebrand, every single one of them the
European banker, European Central banker. Kind of like how NATO
is talking about fortifying Greenland against Donald Trump. That's strange,
Like these are hostile foreign people pushing. If you look
at Vanguard's ownership, none of it's in the US. So
the thing that manages of an American's retirement income, between
black Rock and Bandguard, I'd say it's ninety five percent
are controlled or owned entirely like Vanguard, by people that
are clearly hostile. Because if you say that Donald Trump
was elected with a broad popular mandate, that means that
these people are foreign enemies. They come from a different
place and they view the agenda that Americans elected as
an enemy. So that means these people have basically declared
war against you know, two thirds of the American population.
These are not friends. Black Rock is not an American company,
clearly as we can.
Speaker 1: See, allowing Internet, allowing globalist business. I mean this is literally, Hey,
why don't we just invite a bunch of Indians in
to be our doctors? Oh wait, that's how we got
the opiod crisis. Oh that's yeah, wonderful. And people still don't.
People still want to argue. No, you know, you keep
prices down if you do, if you're just looking for
the best people around the world, if you're doing business
where you can't even make a pencil unless you're oh
fuck you, fuck you and your eyepencil. Bullshit, Let's just
how about we just buy the Why don't Why don't
we let someone else fucking make the pencil and we
buy it from them. We don't have to fucking deal.
We don't have to deal with ten twenty thirty different
countries to make a fucking pencil. This is fucking bullshit.
Speaker 2: They need you too, though, because you need to support
those other countries. Because in globalization, the producers lose, right,
because I now have to compete with producers in China
that are getting state backing right state subsidies. This is
the other problem with libertarianism. If you lived on an
asteroid or on the moon, where you were the only
country of the moon, then okay. But if you live
in a nation surrounded by other nations, you're going to
end all the states. Bro, No you're not. So you're
going to be there with your free market thuish economics,
preaching free markets, free marketeering as every other nation uses
the state to bolster its industry to hurt yours.
Speaker 1: Isn't that kind of like when said when you're preaching
individualism and you say you're an individual, bro, you're while
other groups are being collective and collectivizing power.
Speaker 2: I mean, how before James lindsay how fucking.
Speaker 1: Retarded are people? I mean, I used to think this way,
and I think you, I think you had a pretty
good you know, you had at least a short libertarian
You know, it's fucking bullshit. It's all fucking bullshit. It's
dangerous and and I mean I'm at the point where
libertarians are fucking dangerous, man, because you've seen so many
libertarian ideas adopted and then what they do is they go, oh, well,
this isn't gonna work in reality. So what we'll do
is we'll just change We'll keep the name a free market,
and we'll just make it, you know, turn well, I
mean shit, In many cases, it's like, yeah, it's a
free market. Oh but we so we're gonna trade with everyone,
and you know, we're gonna have open trade and anyone
can do anything. And it's like, oh, well, but no,
it's not a free market because they signed a treaty
and no, it's free market. It's if you believe in
the free market, you're a globalist. If you believe in
capital If you believe in capitalism, you're a globalist and
a fucking story. Fuck you, yeah, fuck you. You cannot
have a country and do that unless you are Unless
you are, well, let's see who who trades with everyone,
who manufactures everyone's things and charge and basically charges people
and also so it takes imports in but charges tariffs
both ways, and oh, all of a sudden, in order
for them to stay, in order for them to do
the things that they need to do, they become tyrannical.
I mean, what China am I talking about? China? It's
really the only way you'd be able to even pull
that off. But they don't do free market they don't.
They're not a free market economy. Yet they're kicking our
ass in everything economic.
Speaker 2: Because libertarians are over here basically inserting communists bullshit, because
I'm sorry, who are all the founders of libertarianism? It
took me a long time to figure it out.
Speaker 1: It's you know this every fucking single time, right.
Speaker 2: Because do you know in a total free market economy,
all right, producers lose because they are competing against every
other producer in the world. Right, So that means there
is no incentive to innovate because eventually it will just
be stolen from you. Right, There are no moats, there
is no intellectual property, no trade secrets. You're competing with everyone,
all against all. So in an all against all, all lose.
Speaker 3: Right.
Speaker 2: This is like Peter thiels zero to one. Now you
run out. Eventually entropy happens, so any value created ends
up just distributing. It's like literally just dispersing, like heat
out of a coffee cup. Same thing with labor. Right,
you are now competing against Bangladeshi's, Somali's in their own
country or thanks to guys like Vivek in your home country. Right,
it's a war against all against all. So if producers
lose and labor loses, who wins? Ah, middlemen win. They're
the only people that win in a free market global economy,
right because as producers, industrial producers are racing each other
to the bottom, right, destroying their profit margins because they
have to compete. So like, let's say Pete and I
have two of the identical businesses, right, and one day
Pete wakes up and he sees that I've lowered my
prices ten percent. Well, I've just put a bit of
game theory in Pete's lap. He could stay where he
is at with his prices or and go out of
business right die. Or he can lower his prices fifteen percent. Well,
then what am I going to do? Now? I have
the same game theory thrown in my lap. I could
either a do nothing and slowly lose and go out
of business, or I can lower my prices twenty percent.
Then Peter will lower his twenty five percent. I'll have
to do thirty See where this is going. Same thing
with labor. So if the producers and the human capital
are raising each other to the bottom. Who wins, the
middlemen win, the merchants win, the part of the economy
that does not innovate and therefore creates no new wealth none.
So you want to know why innovation is flatlined since
the seventies, it's right around the time that we went
full on globalization and free markets. Free markets got inserted
into conservative rhetoric through Reagan free markets. Adam Smith. Adam
Smith is a liar. Adam Smith was literally one of
the very first COVID scientists, one of the first paid
scientists paid. He's fucking David from Right. He was marketed
just like David from the guy who's wrong about everything
and who advocates her policies that oh no, ten years
later we found out it's a disaster. It wasn't a disaster.
It was a fucking con. It was a con. Adam
Smith was a con paid for literally by the same people.
You should look at anybody who's curious, look up who
funded Adam Smith, because Frederick List took one look at
it and goes, that's funny. Why is this guy saying
that the secret to England's success is this free market economics?
But wait a second, they only impose those economic policies
on their colonies. They forced them to have free market economics,
while England itself has the most protectionist economy in the world. WHOA,
what a revelation. Fucking conservatives just gullible ass motherfuckers. Man,
One of these days we have to have all these ideas,
but they never examine where they came from.
Speaker 1: One of these days we have to read Friedrich List's
letters on the American economy. Oh that would be just
I mean, he just tears it apart. He just he
explains how, he shows how, you know, manufacture, what happens
when companies start manufacturing in other countries. And I mean
he's doing this in what eighteen forty eighteen thirty.
Speaker 2: He's a nationalist, God forbid.
Speaker 1: Yeah, I mean it's and his idea is so simple.
But oh no, no tariffs are going to raise prices
or anything like that.
Speaker 2: I mean, well, but they also raise wages retard, they
raise prices for foreigners. You know what's funny is I
saw a headline today it said, in anticipation for Trump tariffs,
the European Union lowers it's tariffs on American automobiles. So
wait a second, you mean to tell me that as
conservatives in America are telling me that we need to
have free market how important free market economics is? Like, oh,
conservatism means free market. I'm sorry, Bill Crystal, American Enterprise
Institute funded by Paul Singer, I'm sorry. No, they're not.
There's nothing conservative about them. Because apparently every nation America
trades with tariffs are goods, while people like Bill christ Stole,
the American Enterprise Institute and every fucking conservative pundent fagot
run around and tell me that we need free markets
here and we can't have tariffs. You know what it
is when europe tariffs are goods while we allow European
cars in America teriff free. This is the reason why
fucking Ford has to drop every other model except for
the Ford F one fifty Ford it's going to be
a truck maker now because a bunch of Europeans convinced
our fagot fucking room temp IQ legislators that the future
is electric. No, it's not. Where did you get that idea?
Where did you get these ideas that you're talking about?
Did you come up with them yourself? How did you
arrive at them? Well, so we had Ford sinc I
don't know forty billion dollars of Capex into electric vehicles
that up turns out nobody wants, so we just lit
forty billion dollars on fire. And well, since europe tariffs
are good, are automobiles and we don't tear iff them
all these cheap European cars like BMW one series? What
the fuck is the purpose of owning a goddamn BMW
or a Mercedes if there is a thirty thousand dollars
option that I get to see my fucking house cleaner
leave in the same goddamn type of not type of car,
but manufacturer of car as in my driveway. The reason
why the Mustang is going to go away. America can't
have Mustangs anymore is because Ford can't make cars anymore.
Because Honda, Hyundai, name a European car is allowed in
this country for free, and Ford is not allowed to
take their cars anywhere without paying that minimum of twenty
five percent tariff. Well, that defeats the whole. If Ford
became twenty five percent more expensive, they wouldn't be fucking Ford, now,
would they. Henry Ford didn't make cars that were twenty
five percent more expensive than everyone else's. You made cheap,
fun cars that everyone can afford, and now nobody gets
to have one because you don't get to have a
Mustang ever again come twenty twenty six, because conservatives were
two stupid to fucking analyze critically the ideas that fucking
criminals like Bill Krystal, like Paul Singer of the American
Enterprise Institute, samely with the Manhattan Institute, the same shit.
Chris Rufo is telling me, I don't get to have
a Mustang anymore because Chris Rufo's boss, Bill Crystal, psyoped
conservatives to think that free market economics is a good thing,
but never bothered to ask if anybody else was playing along,
because they're dumb and they don't think about anything critically,
or maybe they do and they just lie to you
on purpose, equally likely, So now I don't get to
have a fucking Mustang. My teenage son is never going
to have a Mustang because by the time he gets one,
it's gonna be fucking thirty years old and unsafe and
probably break. So you can't get your kid a Mustang
in twenty twenty six, because conservatives are fucking dumb. The
most American car in the history of America isn't going
to be made anymore because conservatives are so good at conserving.
Just how is there this many stupid people in charge? Well,
I think you did say I was going to run.
Speaker 1: Yeah, I think we should end on that question there,
because I know you've been talking. You probably don't days
talkings that I I.
Speaker 2: Hope everybody enjoys this and some other podcasts that will
be released in case.
Speaker 1: Give me five minutes on this. It's home price if
there are going to be foreclosures, and I mean, is
that an opportunity for us?
Speaker 2: Yes? This is actually why I'm upset about this the most,
because of a demographic reality that couldn't be more welcome.
The late boomers are the ones that own most of
the homes in American society because again, they listen to
conservatives like Bill Crystal and got siopped into a bunch
of policies that hurt their children and their grandchildren who
are now minorities in their own fucking high school. But
they were not able to buy any homes. So, really,
eighty percent, I think it's either seventy percent or something
like that of American homes that are in private hands.
God forbid, it's such a small number, I have to
demarket it. They're owned by people ages sixty end up.
A majority of that owned by people that are pushing seventy.
So the thing about seventy x year olds is that
they die. So in twenty twenty three, twenty twenty four,
the thirty percent of the late boomers. There's really two
boomer generations, right, there's the guys that are in there,
you know, early sixties, and the guys that are in
their mid seventies. They're base two different psychologies really, but
the late stage boomers, all right, we were down thirty
percent already and we lose roughly between eight and ten
percent a year. So that means from twenty twenty four,
twenty twenty five, twenty six, like we're starting to crack
that fifty percent margin, right, And who owns Sorry, none
of the I'm sorry to Chris Rufo's illegal immigrant wife
and anchor baby children, the newcomers to America that are
soon to be you know, levers of America. Vivek Ramaswami,
anchor baby. These guys didn't have time to accumulate enough
capital intergenerationally, right, So most of the buyers of homes
are going to be people that either inherited a home
and sold it or people that inherited some money. Right,
So I e. White American people, right, Millennials, gen Xers,
and even some zoomers. But this represents a problem because
there's a generational demographic that isn't immediately apparent. Right. So
if I look at the census data, it tells me
that there's roughly the same amount of millennials as there
are gen xers as there are boomers. But that's not
true because if I go and I shake that data
a little bit and find out how many of those
millennials are grandchildren of Americans at least two generations, three generations,
well that's a very scary number because then it's like
one third. So that means there's three times as many
boomers as there are people like you and me, Pete,
like white Americans who were born here from parents that
were probably born here enough time to accumulate intergenerational capital
that can either be inherited in the form of a
house or inherited in the form of just a regular inheritance.
Because housing prices have escalated so rapidly, it's really the
only shot. So that means that if there's three times
as many soon to be deceased home sellers as there
is for every one person that's able to buy them.
Because yes, some people can get you know, half a
million dollar a year think tank jobs for writing articles
to subvert Americans like Chris Rufo. These people can't, right,
most of these people again, like the purpose of bringing
in a million h one bs is to lower labor costs. Therefore,
capital accumulation is kind of just fucking dead in the
water from get So, it's really going to be people
like our generation and maybe some of the zoomers. So
how do you sell three houses to one person? There'll
be one one person with enough capital to buy our
generation and three boomer house owners that are going to
kick the bucket in the next year, two years, three years,
Well you don't. You can't sell three houses to one person,
can you, Well not at full price, you can't. So again,
the artificially created housing prices we're going to correct themselves naturally,
nice and slowly actually, as boomers die off and liquidity
slowly enters the market. I eat no crash, right, but
just a odd suppressive trend. But thanks to these COVID
policies that I found out were somehow still going on.
It looks like that situation is going to be a
little bit more abrupt, but it's the same situation. So
we were talking about a rapid decrease in asset prices,
which would give our guys a chance to finally buy
homes at reasonable prices, because it's not really a crash.
If I artificially double and then artificially double again the
price of homes, those houses crashing, you know, sixty seventy
percent would put them right back to where they were,
fifty percent whatever, right back where they were in twenty eighteen,
which was still unreasonably high, but whatever. A lot of
our guys, if they really tried, could swing twenty eighteen prices.
But not if they're fucking competing with Blackrock, Blackstone, Progressive
Properties and innovation homes, not a single one. They can't
compete with three hundred billion dollars in capital queued up
and ready to go. They can't compete with banks keeping
special lists of upwards to fifteen to twenty percent of
the inventory total set aside for these institutions. With all
this money, they can't compete in markets where thirty percent
of the homes are owned by corporate investors for rental
only forever, they can't compete with another twenty percent of
that same market owned by foreigners that are using it
as a bank account and are deliberately keeping the house
off the market because it's better serving them as a
bank account than it is serving Americans as a house
to raise families in. So, if this stuff were magically
did not happen, if private equity would be brought to
heal by an executive and some legislation was passed to
keep foreigners from stashing large amounts of foreign capital, which
drives up inflation tremendously, by the way it's gonna And again,
if Trump doesn't get on this shit, when this fucking
massive financial correction is a debt bomb, it's like it is.
Literally they wouldn't be trying to shove central bank digital
currencies down your throat and shit, if they weren't scared
of a sovereign debt collapse. The Great Reset was literally
just marketing schmear to cover up sovereign debt default at scale,
a kind of suicide pack that every ready to buy into.
So you have to sell the elites. So all that
Davos bullshit, this is literally all was. When this thing
goes off, you're gonna have all of the world's capital
rushing to America shores for safe harbor. So even if
it's not the houses Pete, we're talking about tens of
trillions of dollars of very scared money from foreign investors
and foreign wealthy people that are going to be banging
down the door to get to America. Right. Trump doesn't
have to go print ten trillion dollars to fucking destroy
the economy like Joe Biden. All Trump has to do
is take his eye off the ball while that capital
comes rushing onto our shores, and it'll have an even
worse effect. So unless he stops these foreign soon to
be flight capital dollars from pouring into American markets, American
real estate markets has been doing basically all the privately
owned by foreign national houses. These are just the fucking investors,
the foreign investors that are ahead of the curve. They
know what's happening, so they're trying to get as much
money into the US as possible, which is why the
number of homes, single family homes owned by foreign nationals
has tripled in the last thirty six months. What do
you think it's going to happen when the party starts?
For real, It's going to be a disaster.
Speaker 1: That's ends it right there, I think so. All right, man,
always good to talk to you. Until the next time.
Speaker 2: To one of these days I have to come on
and actually talk about something positive.
Speaker 1: Oh I floated in an ideity the other day if
you remembered, and that might be a good ones. Yeah,
that might be a good one to do. Have you
what was the last time you read that? When was
the last time you read this? It's probably been a
while to eight years ago. Yeah, yeah, go back over him.
It's just truly remarkable. Really, Yeah, it's something the best
stuff I'm doing tonight, Okay, the best stuff? All right, man,
talk to you later.
Speaker 2: Dogs. Letter by