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Speaker 1: If you want to support the show and get the

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episodes early and ad free, head on over to Freemanbeyond

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the Wall dot com forward slash Support. I want to

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to it any way you wish. I really appreciate the

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support everyone gives me. It keeps a show going. It

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allows me to basically put out an episode every day now,

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and I'm not going to stop. I'm just going to accelerate.

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I think sometimes you see that I'm putting out two

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even three a day, and yeah, can't do it without you,

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So thank you for the support. Head on over to

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Freeman Beyond the Wall dot com, forward slash support and

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do it there. Thank you. Welcome back everyone, Stormy's back.

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How you doing?

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Speaker 2: Man doing all right? Man? Happy for having me. I

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appreciate it.

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Speaker 1: Oh yeah, yeah, yeah, no problem at all. No problem

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at all. I think this was one of those ones

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where you were ranting about something and I was like, yeah,

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I need to get Stormy to come on and and

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rants about this. So I don't know what what I

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don't even remember what it was because your rants about

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a lot of things. But was this about housing?

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Speaker 2: Yes, it's about housing.

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Speaker 1: So well we're yeah, this is uh, this is this

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is an interesting one because as somebody who's been looking

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at houses lately, it's the market is really really really

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weird right now.

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Speaker 2: Yeah, so I've been getting uh so like our real

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estate uh, my eye into real estate is is always

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going to be there. Like so the first tech company

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started was actually like a real estate tech company and

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it basically sprung out of you know, just real estate

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investing me and my best friend were doing. And you know,

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you get tired of putting real estate agents kids through college,

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gets poor, gets upsetting, so because like you do all

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this work and then you know, some guy shows up,

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puts a sign in your yard, dodges your fucking phone

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calls for three months and then comes and is like, yeah,

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give me that check, and you're just like I hate you,

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and you do it enough times you're like you won't

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know what i'na I'm gonna do. I'm gonna get whatever

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licenses I need to just to not have to see

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you again. And like one of the requirements was you

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have to have an office or whatever, so you get

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an office.

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Speaker 1: Well, I mean, let's let's let's just stop and say

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this real quick. Anyone who's never bought a house, like

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who's who's got a mortgage does, has never sat down

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at a table with six people who's hands are.

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Speaker 2: In the pie exactly. That is exactly the thing people

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we tried to automate away. Yep.

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Speaker 1: Yeah, people just don't get that that like you all

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that could all the closing costs and not going too

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like one place, it's being scattered and really something needs

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to be that needs to be it needs to be stopped.

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Speaker 2: Yeah. I won't go into too much about how we

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did what we did or else, you know, get real

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doxy real quick. But yeah, basically that's the thing is

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that all of these various parties, there's six parties in total,

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and this is why the process takes so Anyways, long

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story short, like kids would show up and say hey,

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can I be a real estate agent, and we'd be like, no,

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that's not what we do here, and they would be

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like but your signed, like yeah, I know, Like we

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just work on our own deals. That's it. Then some

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kids would stick around and eventually accidentally hired on some

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software developers that automated a lot of the work that

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the other worker bees were doing. And that's how you

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accidentally start a software company. So I've kind of been

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stuck to real estate ever since. It's like something that

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interests me a lot, and it's something I follow, and

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it's something I have a lot of friends still in.

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And it was the friends that are still in the

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business that raised the alarm bells for me. So I

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had a friend call me and you know, basically COVID

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broke her. She's a really large broker in Tampa, a

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total like red pill mom story to now like you know,

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she went from like not caring about anything and not

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to now looking into everything. So she had a bunch

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of a bunch of foreclosures or pre foreclosures from a

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local bank, and she noticed that when as soon as

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she put them onto the market or listed them, they

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basically would get bombarded with like literally like dozens of

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offers within maybe an hour. Two hours of listening, which

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was really strange because she would, you know, when the

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listings would go up. Real estate agents are fucking losers

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for the most part. Let's be real, like these people,

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you know, they're at the bar by like four pm.

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So if like things go up at like eight nine

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o'clock at night, and all of a sudden, by like

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ten o'clock, you're getting bombarded with offers all from LLC's,

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and it'd be like five, ten LLC's, and then the

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next one would go up, and within an hour, you know,

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now it's fourteen LLCs, but some of the LLCs are

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the same as last time, and then again and again

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and again, to the point where it was like, I

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think she counted seventeen different LLC's for one property right

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and twenty four LLC's for another right. So this weirded

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her out. So thank goodness for red pill Mom doing

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a little digging, all right, and let's you say, yeah,

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another one. She called another woman in Phoenix, like one

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of her what you we call it part of like

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a broker network whatever, and told her about this and

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the other woman was like, yeah, so there's we've basically

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had like all of the recent transactions, and they pulled

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up the numbers like one hundred and forty five LLC's

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that just recently with this brokerage did a similar type

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of thing, like a block of free pre foreclosures, and

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these two ladies, god God bless them ran down each

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one of those LLC's to find out that they were

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actually just four large investment institutions some names you would know,

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operating through hundreds of LLC's, And then she went back

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and did the ones in Tampa and what do you know,

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one hundred and ten LLC's same for financial institutions. And

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that's what she called me. She's like, what does this mean?

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What's happening? And you know, really, I think the real

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problem with the regime is the real what's the word?

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The real mistake that they made was the people that

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you seek to persecute are also the highest value, highest

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intelligent segment of the population. So I mean, it's not

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just me like I happen to have a lot of

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free time because you know it worked out that way,

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but a lot of the other guys it's because they

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got pushed out of jobs that they should be in.

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So you push out the highest IQ subset of the population,

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which is white guys in their twenties and thirties and forties.

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You give them infinity time, and then you marginalize them

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financially to where now they don't care about money. They

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just care about fuck you, which is probably like the

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worst group of enemies you could pick. Like, if you

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have like a decentralized operation or a centralized operation that's

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being run by a small segment of the population, the

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worst thing you could do is basically get a decentralized

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group with unlimited time that do this shit for free,

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and they're also the smartest people in the society, and

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now they just hate you, Like, eventually, whatever fuck are

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you up to? Like, people like me and hundreds of others,

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thousands of others are going to find out about it.

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I use a dumb strategy because this is something that

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took me two or three hours, and then you know

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a series of phone calls over a couple of days.

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So what if I told you that three private equity

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funds and two publicly traded companies have been putting aside

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large amounts of money to basically cat wh a real

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estate crisis that is in large part due to policies

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that they advocated, for one being that mortgage payment moratorium

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that happened during COVID. I ran that down, and wouldn't

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you know that it was actually Blackstone and Blackrock where

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that idea came from the mortgage moratorium. Really that's interesting,

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you mean, like the DNC people didn't just give that

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to us because they wanted people to not go homeless. Well,

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turns out they really like it when you're homeless because

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they can, you know, advocate, allocate eighty billion dollars or

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whatever California spends on not fixing homelessness or whatever. So yeah,

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it seems that for institutions, probably more, but just the

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big ones that I caught are gearing up to kind

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of instigate slash take advantage of a real estate foreclosure

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crisis that they plan on. I mean, right now, as

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it is right now in this country, thirty percent of

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all home sales nationwide aren't to people. They're to investment

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institutions like Blackrock, like Blackstone or what's that one. I

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always forget Pretty Partners, Pretty im Partners owns Progress. It's

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funny because they named it us progressed Homes. I believe

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as a company paly Sorry Progress residential and progress. Residential

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already owns hundreds of thousands of single family homes in

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two thousand and eight and onward. Financial institutions tried this shit, right.

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I did well in foreclosures just because I had capital

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and knew a bit. But after a couple of years

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I would notice, like, now, all of a sudden, in

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like the small counties I would operate in, now I've

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got like hedge fund bros. And private equity bros. In

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like middle of nowhere Florida Land, and now I'm and

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these guys really didn't care, right, They would just bid

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infinity on the dumbest shit, and almost all of them

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like they would try and hold and then flip them.

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I guess, because you know, this was like post tarp bailouts,

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and if you flood the economy with you know, nine

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trillion dollars, it's not going to stay in the public markets.

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It's going to bleed out elsewhere. And there's only so

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many private equity type, private business type investments you can make.

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So capital really just ran out of places to go.

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And all of these guys ended up losing their shirts.

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Well they're fun, so their investors lost their shirts. And

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then they kind of stopped for a while, and then

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publicly traded companies started doing the same thing in like

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twenty fourteen, twenty fifteen, right, which is Zillow chief among them. God,

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it's got to be like eighty ninety billion dollars doing

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this dumb shit where they're like, I don't know if

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you remember Zillo offers. Right, So for a period of time,

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all right, you list your your house for sale on Zillo,

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and Zillo would throw you an offer, a cash offer,

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all right, And what Zillo had done.

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Speaker 1: I don't remember. I don't remember that. I must have

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been I probably wasn't looking at the market. Bro.

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Speaker 2: It's it was the dumbest idea ever because, like, if

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you know, real estate is something that sounds like you

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can do algorithmically, but every time you do it, it's

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one of those things that looks well. It's like Edward Lorentz.

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Edward Lorenz, you remember that Jurassic Park, the Jewish guy

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that was like, hey, you put a drop of water

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on your hand, it'll go this way, the chaos theory guy.

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It's it's not called chaos therey. It's called nonlinear system dynamics.

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And it was discovered by a guy by the name

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of Edward Lorenz when he had his nineteen seventies computer

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at MIT try and model the weather. He's like, fuck,

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we have computers now, the weather is at maximum, you know,

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ten fifteen different variables like temperature, humidity, air pressure. You know,

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we should be able to model this. And every time

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he did, what he would get would be these crazy,

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crazy outputs. And this is where you get, like a

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butterfly in Brazil creates a tornado in Texas. And this

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is basically the trap that these guys fall into every

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time they try to algorithmically buy and flip houses at scale,

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because it seems like, oh, look, you know these retards

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from DIY channel can do this. We could automate this

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and it'll be great. Open Door tried the exact same thing,

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you know, nuked twenty billion. So this time they just

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want to turn them into rentals. They literally want to

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turn America into a renter nation. So right now, thirty

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percent of all homes sold in America are going to cocksuckers.

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Like I just mentioned, You've got pretty impartners, you've got Blackstone,

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you've got Innovation Homes and black Rock, and these fagots

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plan on just sticking renters in them and then feeling

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it full of smart appliances and smart routers and all

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these fun things to where they can then pipe what

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you're doing in your house to data brokers to try

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and subsidize or pad the rent dollars. And they're dumb enough

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to brag about it in their materials, thankfully, so I

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could read them and realize how fucking nefarious and evil

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these men are. Like Larry Fink, the guy who through

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corruption gets Janet Yellen to put him on the you know,

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basically the Fed Prime bank list. Right, So why does

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00:18:48,960 --> 00:18:54,880
like JP Morgan or Goldman Sachs. They're large treasury brokers, right,

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large treasury dealers, so they get to the federal reserve

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rate because they have to then buy those treasuries, stick

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it in their vault and create a fucking dollar market

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and basically, you know, create credit for the US. But

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what does Larry Fink do with access to borrowing at

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the federal reserve rate? Well, what Larry Fink decided to do, Well,

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since I shouldn't be here and America has given me

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something that my business isn't in any way entitled to,

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and frankly shouldn't be involved in whatsoever. I'm going to

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take this magical opportunity that I have to turn America

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into a nation of renters, because it's the largest consumer

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economy ever. So a house should be no different than

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a credit card for these people, right, these peasants. So

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I'm not really an American. I'm a pale settlement Ukrainian guy.

255
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So what the fuck does the American dream mean for me?

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I don't care. I'm a billionaire already. Fuck these people.

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They don't need to build equity, They don't need to

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accumulate capital intergenerationally because then they may get political ideas.

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And Blackrock has already spun up sixty billion dollars they

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probably borrowed from the Fed through thanks to Janet Yellen.

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All right, because I mean, the way black Rock's been going,

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you gotta be a fucking retard to give any of

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00:20:51,680 --> 00:20:58,160
those fools any money. But Larry Fink has got sixty

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billion dollars queued up and ready to go for distressed

265
00:21:08,440 --> 00:21:15,319
single family home purchases. Blackstone thirty billion queued up. This

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is separate from the single family home buying they're doing. Now,

267
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why what do they see? Well, black rocks got thirty billion.

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00:21:29,960 --> 00:21:37,839
Progress Residential currently owns ninety thousand homes single family homes,

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the second largest homeowner in America, but by twenty twenty five,

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which would be this year, they are preparing to increase

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that number by three hundred and twelve percent, which would

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be about a quarter million single family homes and Innovation

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Homes currently owns. That was very rude of me. I

274
00:22:09,480 --> 00:22:14,799
forgot to put my phone on silent. Pardon me. Innovation

275
00:22:14,880 --> 00:22:19,599
Homes owns about one hundred thousand, but as announced, plans

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to acquire another one hundred and fifty thousand more, putting

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them at three hundred thousand by the end of twenty

278
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twenty five. So if you only have one hundred thousand

279
00:22:31,920 --> 00:22:35,720
homes and you're the largest, or you have ninety thousand

280
00:22:35,720 --> 00:22:42,160
homes you're the second largest. What makes you think what

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00:22:42,319 --> 00:22:46,880
makes you so sure that you are going to triple

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in size this year? What makes you think that? And

283
00:22:53,839 --> 00:23:06,880
better yet, what makes Innovation Homes, Prettium Partners and their

284
00:23:07,319 --> 00:23:14,960
investment vehicle Progress Residential, Blackstone and black Rock What makes

285
00:23:15,000 --> 00:23:19,839
them so fucking sure that they are going to triple

286
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or five x the amount of single family homes that

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they're going to keep not ever so, but we need

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rent to Americans.

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Speaker 1: Yeah, well, obviously this year expecting Yeah, obviously they're expecting

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00:23:37,359 --> 00:23:43,039
a basically a meltdown and people not being able to

291
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pay for their I mean, they're looking at a foreclosure

292
00:23:48,519 --> 00:23:50,319
apocalypse on the horizon.

293
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Speaker 2: Bingo, do you know that the COVID mortgage moratorium the

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very policy that Black Rock advocated for. I mean, let

295
00:24:06,400 --> 00:24:10,119
me rephrase that not advocated. Advocated would mean that they would,

296
00:24:10,599 --> 00:24:14,000
you know, petition their legislators the same way a common

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00:24:14,000 --> 00:24:17,359
citizen like you or I could. Let's say what they

298
00:24:17,400 --> 00:24:26,000
actually did. They bribed politicians to put in policies like

299
00:24:26,039 --> 00:24:31,640
the COVID mortgage moratorium. Why would they do that? Because

300
00:24:31,680 --> 00:24:37,440
they knew, right, like a rubber band, if I stretch

301
00:24:37,480 --> 00:24:44,039
it out right by not allowing these small homes, right

302
00:24:44,119 --> 00:24:48,920
individuals to just foreclose or seek debt relief some other way,

303
00:24:49,799 --> 00:24:57,160
by giving all these people just a blanket. You know,

304
00:24:58,079 --> 00:25:01,799
you don't have to pay your mortgage because you're distressed.

305
00:25:03,119 --> 00:25:06,480
They know that if a person is having trouble paying

306
00:25:06,599 --> 00:25:11,200
one mortgage payment, right, But what happens if they get

307
00:25:11,200 --> 00:25:17,640
a six month or a three month extension? Well, pete.

308
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If they can't pay a two thousand dollars mortgage, what

309
00:25:21,359 --> 00:25:23,480
are they going to do with a ten thousand dollars

310
00:25:23,480 --> 00:25:30,279
mortgage payment? It doesn't be easier. No, they're actually planning, right,

311
00:25:30,839 --> 00:25:36,119
So they did this on purpose. There's no other way

312
00:25:36,160 --> 00:25:42,079
to look at it, because you just don't you know, Well,

313
00:25:42,160 --> 00:25:45,960
never mind, let's put this way. The steps that they

314
00:25:45,960 --> 00:25:51,480
have taken already take at least two years to get

315
00:25:51,519 --> 00:25:55,519
in order, So that means, let's go, what was that

316
00:25:55,559 --> 00:25:59,880
two years ago? I was twenty twenty two, about this

317
00:26:00,039 --> 00:26:03,839
same time that these policies took effect. So as soon

318
00:26:03,880 --> 00:26:12,200
as they took effect, they immediately began preparing for this explosion,

319
00:26:12,279 --> 00:26:16,279
this fucking detonation in the American dream. Well, the only

320
00:26:16,319 --> 00:26:19,880
reason you would do that is if you knew exactly

321
00:26:19,920 --> 00:26:23,880
the outcome that your policies would create at the point

322
00:26:23,880 --> 00:26:27,160
in which you were advocating for them, and by advocating,

323
00:26:27,200 --> 00:26:35,000
I mean bribing my government to implement or else. If

324
00:26:35,039 --> 00:26:43,160
it wasn't the intent, then you would be caught just

325
00:26:43,200 --> 00:26:46,960
as off guard and just as surprised as the average

326
00:26:47,000 --> 00:26:50,440
person that wakes up and sees the foreclosure crisis playing

327
00:26:50,480 --> 00:26:53,279
out on the news. But that's not what you're doing,

328
00:26:53,440 --> 00:26:59,440
is it? Because you're a fucking monster. You're a menace

329
00:26:59,640 --> 00:27:06,519
to my society. So there is three point seven million

330
00:27:07,240 --> 00:27:13,519
single family homes that took advantage of the COVID mortgage moratorium,

331
00:27:14,720 --> 00:27:20,200
right because their businesses got shut down. It's not that

332
00:27:20,240 --> 00:27:29,000
these people fell into arrears because of financial mismanagement. They

333
00:27:29,079 --> 00:27:41,720
fell into arrears because faggots like Larry Fink came ready

334
00:27:41,839 --> 00:27:46,039
made for COVID. And I'll get into a little bit

335
00:27:46,039 --> 00:27:50,960
more of what Larry Fink did, because there was a

336
00:27:51,000 --> 00:27:55,079
document that I mentioned two or three years ago on

337
00:27:55,240 --> 00:28:00,359
Peruvian Bulls podcast, a really really incriminating document, And when

338
00:28:00,440 --> 00:28:03,519
we went back in a recent episode, I think it

339
00:28:03,519 --> 00:28:07,000
was like two months ago, I referenced the document and

340
00:28:07,039 --> 00:28:10,200
he and I both tried to pull it up, only

341
00:28:10,240 --> 00:28:15,680
to find that Larry Fink had hit it. The page

342
00:28:15,759 --> 00:28:19,799
where it was supposed to exist was there, but they

343
00:28:19,799 --> 00:28:24,440
had taken it down and it wasn't an archive, wasn't anywhere.

344
00:28:25,000 --> 00:28:27,400
So him and I spent twenty minutes live trying to

345
00:28:27,400 --> 00:28:32,000
find this fucking thing. But Adam from the myth of

346
00:28:32,039 --> 00:28:34,480
the twentieth century, he is a very smart guy. When

347
00:28:34,519 --> 00:28:40,240
it comes to computers, I'm retarded. He found it, and

348
00:28:40,319 --> 00:28:43,599
boy is it not an interesting read. But I will

349
00:28:43,680 --> 00:28:49,440
leave that till later on. Larry Fink orchestrated most of

350
00:28:49,480 --> 00:28:57,000
our COVID response. He and his faggot friends at Davos

351
00:28:57,880 --> 00:29:02,440
came ready to each and every one of these governments, WHOA,

352
00:29:03,359 --> 00:29:05,240
you don't know how to deal with this virus we

353
00:29:05,359 --> 00:29:09,279
released on you. Well, here we just happened to have

354
00:29:09,319 --> 00:29:18,839
a plan. So this policy came from the man who

355
00:29:18,960 --> 00:29:27,200
Janet Yellen also gave the responsibility of administering our COVID

356
00:29:27,279 --> 00:29:35,000
relief funds. So wait a second. The same guy who

357
00:29:35,039 --> 00:29:38,599
had another proposal for a central bank digital currency that

358
00:29:38,640 --> 00:29:41,119
he tried to force down the Fed's throat in Jackson

359
00:29:41,119 --> 00:29:47,440
Hole in twenty twenty. The same guy that got Janet

360
00:29:47,519 --> 00:29:51,160
Yellen to give him the ability to borrow from the

361
00:29:51,200 --> 00:29:54,839
Federal Reserve, which, because of COVID was forced to drop

362
00:29:54,960 --> 00:29:59,119
interest rates to zero, actually to like, you know, a

363
00:29:59,119 --> 00:30:01,119
little bit above zero. But you and I we didn't

364
00:30:01,119 --> 00:30:03,079
get zero interest rates. We got like two or three

365
00:30:03,960 --> 00:30:07,039
because the bank obviously that is giving us a loan,

366
00:30:08,119 --> 00:30:11,240
has to make some money. But Larry Fink got that

367
00:30:11,319 --> 00:30:15,599
money for free, a private equity fund manager, a pension

368
00:30:15,640 --> 00:30:18,079
fund manager. The fuck do you need to be at

369
00:30:18,119 --> 00:30:21,519
the FED window for? Why do you deserve to borrow

370
00:30:21,599 --> 00:30:25,759
for free? Why do you deserve free money? Because that's

371
00:30:25,759 --> 00:30:29,519
effectively what borrowing and zero interest rates is. Why do

372
00:30:29,640 --> 00:30:34,119
you deserve to get this free money? And then you

373
00:30:34,160 --> 00:30:36,680
think you have the right to then snatch up americans

374
00:30:36,799 --> 00:30:42,359
homes and rent them back to them, you fucking worm.

375
00:30:44,160 --> 00:30:50,079
Well what did Larry Fink get famous for? Why? What

376
00:30:50,200 --> 00:30:54,240
is Blackrock? Like? We know the agenda that Blackrock tried

377
00:30:54,279 --> 00:30:58,440
to push into our corporations and into our educational institutions.

378
00:30:58,759 --> 00:31:01,599
Where did they get the money for that? Yuh? Where's

379
00:31:01,720 --> 00:31:07,559
Larry Fink's thirteen trillion dollars of assets come from? Well,

380
00:31:08,359 --> 00:31:14,440
that's easy you. Larry Fink got the bright idea him

381
00:31:14,480 --> 00:31:18,960
and his fucking friends at Vanguard. Looking to who owns Vanguard?

382
00:31:19,039 --> 00:31:20,960
It'll take you a little bit, but boy, is it

383
00:31:21,079 --> 00:31:27,599
worth it. It's private company. Unfortunately, Vanguard's a little bit trickier,

384
00:31:29,279 --> 00:31:35,759
but you give Larry Fink his power. Larry Fink's bright

385
00:31:35,799 --> 00:31:41,599
ideas was taking all of Americans' retirement savings, right their

386
00:31:41,720 --> 00:31:49,039
pensions and using them against them, because like, let's say you're,

387
00:31:49,279 --> 00:31:53,400
you know, a teacher, and you have your money going

388
00:31:53,440 --> 00:31:57,880
to you know, your pension every single month, and you're

389
00:31:58,160 --> 00:32:01,640
a biology team. You don't know a lot about the

390
00:32:01,640 --> 00:32:05,880
fucking stock market, nor should you. You're a good person

391
00:32:07,319 --> 00:32:09,559
doing what a good person would do, which is, you know,

392
00:32:09,559 --> 00:32:15,839
at their job, teaching young people about biology. So a

393
00:32:15,880 --> 00:32:18,599
portion of your check every month goes into your pension,

394
00:32:20,000 --> 00:32:24,880
and Larry Fink stepped in and lobbied the state government

395
00:32:24,920 --> 00:32:32,240
to have Blackrock manage that pension. So you think your

396
00:32:32,640 --> 00:32:37,240
money is you know, in I don't know, a random

397
00:32:37,319 --> 00:32:43,039
basket of twenty stocks. Well they are, but you own

398
00:32:43,119 --> 00:32:48,920
those stocks, and therefore you get a vote. Every shareholder

399
00:32:48,960 --> 00:32:53,920
gets a vote, right because you own part of that company.

400
00:32:53,960 --> 00:32:57,640
But what Larry Fink did was he took your vote

401
00:32:57,640 --> 00:33:02,359
from you without ever telling you he had one, and

402
00:33:02,400 --> 00:33:07,039
he took all of Americans' pension funds, all of the

403
00:33:07,079 --> 00:33:11,720
stocks that they owned cumultively, and he voted their shares

404
00:33:11,799 --> 00:33:18,039
for him for them. Sorry, Well, that would give Larry

405
00:33:18,079 --> 00:33:25,799
Fink enough shares in pretty much every major company in

406
00:33:25,880 --> 00:33:32,960
America where Larry Fink could snap his fingers and fire

407
00:33:33,000 --> 00:33:36,720
any CEO he wanted to, especially because he was colluding

408
00:33:36,920 --> 00:33:43,319
illegally with Vanguard to do so, and State Street illegally

409
00:33:44,839 --> 00:33:51,359
because what did they do with these shareholder votes, these

410
00:33:51,519 --> 00:33:59,839
fucking pieces of garbage. Well, I don't know exxons and

411
00:34:00,000 --> 00:34:08,079
oil company, right, So maybe threatening Exxon, firing the CEO

412
00:34:09,880 --> 00:34:16,440
putting in some no joke, not an oil expert person,

413
00:34:16,880 --> 00:34:24,280
not anybody that spent any time in energy whatsoever, but

414
00:34:24,360 --> 00:34:29,000
one of these freaks that came out of university, a

415
00:34:29,039 --> 00:34:37,079
professional activist with a grievance studied degree, a critical analysis degree,

416
00:34:37,400 --> 00:34:43,400
critical pedagogy degree, whatever these fucking fake degrees are for

417
00:34:43,519 --> 00:34:51,079
these deranged, soulless vessels. Well, maybe firing the CEO who

418
00:34:51,119 --> 00:34:54,440
knows a fuck of a lot about energy and oil

419
00:34:54,599 --> 00:34:59,440
and replacing it with the retard who only knows about

420
00:34:59,639 --> 00:35:04,960
hating certain demographic groups and a bunch of consultant nonsense words.

421
00:35:07,280 --> 00:35:12,079
To then take Exxon's capex. Right, There's two types of

422
00:35:12,280 --> 00:35:15,719
funds a corporation has, right, It's CAPEX and op X.

423
00:35:16,480 --> 00:35:19,039
Op X is what you know, your operational cost, like

424
00:35:19,039 --> 00:35:22,480
what you need to run your business, and CAPEX is

425
00:35:22,519 --> 00:35:25,679
what you spend try and expand and grow that business. Right,

426
00:35:25,800 --> 00:35:30,000
it's like the business investing in itself to grow itself. Well,

427
00:35:30,000 --> 00:35:34,360
you wasting all of Exxon's capex on solar farms and

428
00:35:34,440 --> 00:35:39,039
other fagotry that did nothing but lose money because you're

429
00:35:39,559 --> 00:35:45,559
a grievance study retard. And a lot of these CEOs

430
00:35:45,599 --> 00:35:48,519
are still in place. Just because Larry Fink got his

431
00:35:49,599 --> 00:35:55,840
ball snipped by Uncle Jamie Diamond and Jerome Powell, a

432
00:35:55,880 --> 00:35:58,800
lot of the damage that he's done is still in place.

433
00:36:00,159 --> 00:36:03,880
I know, fucking Harley Davidson just got rid of their

434
00:36:04,039 --> 00:36:11,000
transvestite loving, you know, child sodomy enthusiast CEO that they

435
00:36:11,119 --> 00:36:14,559
put in in twenty twenty, But a lot of these

436
00:36:14,599 --> 00:36:21,440
corporations did not. Luckily, Exon is under anyways, so you

437
00:36:21,480 --> 00:36:27,880
could argue that none of these shareholder votes were in

438
00:36:27,960 --> 00:36:32,000
the best interests of the shareholder. If I own a

439
00:36:32,159 --> 00:36:37,519
share of Exon, you replacing the CEO that knows about

440
00:36:37,519 --> 00:36:43,360
the fucking energy business with a transvestite sodomite that knows

441
00:36:43,400 --> 00:36:48,360
nothing except for gender studies. And it's just going to

442
00:36:48,440 --> 00:36:52,599
listen to what Blackrock tells her that that may be

443
00:36:52,760 --> 00:36:59,880
bad for Exon and thus bad for shareholders because it

444
00:37:00,280 --> 00:37:03,480
was all of these policies that all of these corporations

445
00:37:03,880 --> 00:37:10,360
implemented cost the company's hundreds and hundreds of billions of dollars,

446
00:37:11,000 --> 00:37:15,000
which means Larry Fink and his friends at Vanguard and

447
00:37:15,119 --> 00:37:23,920
State Street violated their fiduciary obligation. Right, they committed crimes basically,

448
00:37:24,039 --> 00:37:27,400
which is what I'm describing as a crime. Right, So

449
00:37:27,480 --> 00:37:34,679
for me to deliberately mismanage your money or act because

450
00:37:34,679 --> 00:37:38,440
the fiduciary is I promise to act in this person's

451
00:37:38,480 --> 00:37:43,519
best interest, and an investment language, it is I promise

452
00:37:43,599 --> 00:37:46,519
that every action I take with your money will be

453
00:37:46,559 --> 00:37:48,480
in the best interests of you and your money.

454
00:37:50,039 --> 00:37:50,159
Speaker 3: Right.

455
00:37:50,920 --> 00:37:56,400
Speaker 2: And it's a pretty solid legal doctrine with a million

456
00:37:56,480 --> 00:38:02,639
billions miles of case law behind it. So the level

457
00:38:02,679 --> 00:38:06,239
at which Larry Fink his friends at Vangarden State Street

458
00:38:06,280 --> 00:38:13,159
broke the law and committed crimes is I mean, pretty ironclad.

459
00:38:14,159 --> 00:38:21,559
And I'm only just now seeing lawsuits from shareholders to

460
00:38:21,639 --> 00:38:25,760
these fagots about it. Maybe a I don't know, an

461
00:38:25,880 --> 00:38:31,760
enterprising attorney general and one of our more redder states

462
00:38:31,840 --> 00:38:34,800
would take a look into this, because I guarantee you

463
00:38:34,800 --> 00:38:40,960
your state's pension fund is either now managed by or

464
00:38:41,000 --> 00:38:47,960
for a long period of time managed by Blackrock. So

465
00:38:48,239 --> 00:38:52,719
that means they have defrauded the state that you are

466
00:38:52,760 --> 00:38:57,679
attorney general or an enterprising prosecutor in right, So that

467
00:38:58,239 --> 00:39:01,559
basically makes every single one of your tax payers and

468
00:39:01,679 --> 00:39:05,559
a grief party of victim. So you should look into

469
00:39:05,599 --> 00:39:08,519
that because I mean literally, it's the is the most

470
00:39:08,559 --> 00:39:13,960
fucking easy layup case ever unless you know Larry Fink

471
00:39:14,960 --> 00:39:19,360
and his lawyers, you know, could somehow argue that a

472
00:39:19,480 --> 00:39:25,119
transvestite queer studies major not only like fucking two years

473
00:39:25,159 --> 00:39:29,599
out of college, is a better CEO for Exon than

474
00:39:29,639 --> 00:39:31,880
the guy in the energy business for thirty years. I

475
00:39:31,920 --> 00:39:37,880
don't know. Maybe that's possible, I doubt it. So back

476
00:39:37,920 --> 00:39:40,679
to the other crimes, I guess that they're in the

477
00:39:40,719 --> 00:39:44,960
process of committing because there's three point seven million people

478
00:39:45,880 --> 00:39:50,360
that are on this assistance. And to give you an

479
00:39:50,360 --> 00:39:52,920
idea of how hard it is to get off of

480
00:39:52,960 --> 00:39:58,199
one of these assistance programs, over the last three years,

481
00:39:58,280 --> 00:40:01,920
out of the three point seven million, only five hundred

482
00:40:01,920 --> 00:40:07,079
thousand have been able to get off assistance themselves. All right,

483
00:40:08,039 --> 00:40:16,159
there's two point eight million people right now that cannot

484
00:40:16,320 --> 00:40:20,159
resume payment of their mortgage. And there's another half a

485
00:40:20,199 --> 00:40:24,159
million that are already delinquent or word delinquent when they

486
00:40:24,159 --> 00:40:27,360
started this, So that means they have what is it,

487
00:40:27,400 --> 00:40:31,519
three years, three years of mortgage payments backed up. So

488
00:40:31,559 --> 00:40:33,960
let's say your mortgage is I don't know, let's say

489
00:40:33,960 --> 00:40:36,199
it to average mortgages, like what twenty four hundred bucks,

490
00:40:36,239 --> 00:40:38,559
twenty one hundred bucks, So we do twenty five hundred

491
00:40:38,559 --> 00:40:48,079
bucks times thirty six months, you got ninety grand. Well,

492
00:40:48,079 --> 00:40:51,920
what actually, no, because the compound interest was also accumulating

493
00:40:53,039 --> 00:40:57,079
while you're on this mortgage assistance program. So actually, let's

494
00:40:57,119 --> 00:41:01,719
just do that reasonably all times. Why let's say the

495
00:41:01,800 --> 00:41:12,639
compound interest got one hundred and thirty grand, Probably not

496
00:41:13,400 --> 00:41:17,800
if you had trouble with your two thousand dollars, all right,

497
00:41:18,079 --> 00:41:22,559
So they knew this would happen, and they know that

498
00:41:22,679 --> 00:41:28,639
whenever this COVID moratorium that was arbitrarily imposed because Larry

499
00:41:28,679 --> 00:41:33,119
Fink and his friends lobbied your government to come shut

500
00:41:33,159 --> 00:41:40,039
down your business, right, and you were forcibly unemployed, not

501
00:41:40,199 --> 00:41:43,719
because of any business reasons that these people, these people,

502
00:41:43,880 --> 00:41:47,760
this is what's most upsetting about it, not the fact

503
00:41:47,800 --> 00:41:51,840
that your business plan, like literally what you're pitching investors

504
00:41:51,920 --> 00:41:56,000
right now, you fucking scumbacks is how excited you are

505
00:41:56,039 --> 00:42:00,199
to turn the thirty percent of homes in America that

506
00:42:00,280 --> 00:42:05,119
are currently corporate rentals? Right now? You're going to turn

507
00:42:05,159 --> 00:42:09,440
that number to sixty. In your materials, you are showing

508
00:42:09,480 --> 00:42:17,119
investors that you are planning on renter dominance. What is

509
00:42:17,199 --> 00:42:23,800
renter dominance? That means more than half of single family

510
00:42:23,840 --> 00:42:28,320
homes in America are going to be rentals if you

511
00:42:28,400 --> 00:42:31,679
and your friends are left up to do what you

512
00:42:31,880 --> 00:42:40,039
fucking monsters plan on doing. Honestly, this is worse than

513
00:42:40,239 --> 00:42:44,639
worse than the healthcare episode. I want a fed post

514
00:42:46,400 --> 00:42:55,840
so much more like describing what these people, particularly these

515
00:42:55,880 --> 00:43:02,159
people are doing makes me want to yell about all

516
00:43:02,159 --> 00:43:05,119
the different ways I would like to murder them or

517
00:43:05,280 --> 00:43:08,000
I would like to watch them be murdered. But I

518
00:43:08,039 --> 00:43:10,159
can't actually go into any of that because I'll probably

519
00:43:10,159 --> 00:43:12,960
get the fucking FBI at my door, So you'll just

520
00:43:13,000 --> 00:43:24,119
have to use your imagination. Dear listener, Well this moretorious, right?

521
00:43:24,719 --> 00:43:31,760
Speaker 1: Yeah? But is this moratorium? So how many states went

522
00:43:31,920 --> 00:43:35,119
past twenty twenty one when they when they got rid

523
00:43:35,159 --> 00:43:35,400
of it?

524
00:43:37,760 --> 00:43:40,119
Speaker 2: I don't know, but enough for there to be three

525
00:43:40,159 --> 00:43:42,719
million people in them right now.

526
00:43:44,280 --> 00:43:46,159
Speaker 1: Yeah, because I know that.

527
00:43:46,239 --> 00:43:47,719
Speaker 2: Most California would be one.

528
00:43:48,519 --> 00:43:52,440
Speaker 1: Well, California is on a moratorium now because of the

529
00:43:52,480 --> 00:43:56,800
fires and everything, so I mean there's moratoriums upon more.

530
00:43:57,199 --> 00:43:58,559
On top of moratoriums.

531
00:44:02,119 --> 00:44:08,920
Speaker 2: Well, apparently they're starting to be lifted. Because check this out.

532
00:44:12,760 --> 00:44:16,679
This is going to gross you out even more. So.

533
00:44:18,239 --> 00:44:21,039
Remember how I said that one hundred and forty or

534
00:44:21,039 --> 00:44:26,400
one hundred and forty fake LLCs, we're really just disguising

535
00:44:26,440 --> 00:44:32,119
four homes or sorry, four firms. Yeah, well, the reason

536
00:44:32,159 --> 00:44:34,800
you do that is to hide your market share and

537
00:44:34,920 --> 00:44:40,400
more importantly, avoid regulation. But the real thing that you

538
00:44:40,480 --> 00:44:45,800
can do with it is you can manipulate the local data.

539
00:44:46,840 --> 00:44:50,880
What I mean by that is, so let's say I

540
00:44:50,920 --> 00:44:55,920
own a bunch of houses on your street, and I

541
00:44:55,960 --> 00:45:00,360
take one of my houses that's you know, let's say

542
00:45:00,360 --> 00:45:02,159
it's the one i'd like the least or whatever. I

543
00:45:02,159 --> 00:45:08,159
don't care. It's say it's empty, and I sell it.

544
00:45:08,360 --> 00:45:11,719
I put it up for sale. You know, let's say

545
00:45:11,920 --> 00:45:15,000
twenty percent of twenty percent additional on top of what

546
00:45:15,000 --> 00:45:16,920
it's worth, and say, if it's worth two hundred thousand,

547
00:45:17,400 --> 00:45:22,280
let's say I put it up for two fifty, and

548
00:45:22,320 --> 00:45:25,960
then I take one of my LLCs and I buy

549
00:45:26,000 --> 00:45:31,920
it for two fifty. I did nothing, basically, I literally

550
00:45:31,960 --> 00:45:36,320
swapped it from one hand to the other. But what

551
00:45:36,440 --> 00:45:39,840
I just did, though, whether I do it once or

552
00:45:39,840 --> 00:45:43,320
maybe I do it twice, depending is I've just adjusted

553
00:45:43,320 --> 00:45:50,320
the COMPS for that whole neighborhood, right, Because an appraiser

554
00:45:51,440 --> 00:45:56,519
goes off of comps right comp sales, so similar sales

555
00:45:57,599 --> 00:46:01,079
in usually like a one to three mile radius around

556
00:46:01,119 --> 00:46:05,199
the home in the last ninety days, and they use

557
00:46:05,320 --> 00:46:11,840
that those sale values to appraise and set the value

558
00:46:12,039 --> 00:46:13,719
of all the other homes that I have yet to

559
00:46:13,760 --> 00:46:17,639
been sell, that have yet to you know, list for sale.

560
00:46:19,360 --> 00:46:23,679
So what I effectively did was I turned the ten

561
00:46:23,719 --> 00:46:28,599
houses on your street from two hundred thousand dollars apiece

562
00:46:30,920 --> 00:46:35,159
to now two hundred and fifty thousand dollars apiece. I

563
00:46:35,280 --> 00:46:43,079
just increased the asset size of my portfolio twenty percent.

564
00:46:46,760 --> 00:46:50,480
But I can't do that, right. I can't sell to

565
00:46:50,559 --> 00:46:58,000
myself right as a person, right, that won't count. So

566
00:46:58,079 --> 00:47:04,840
I would need to do it across multiple LLCs to

567
00:47:04,920 --> 00:47:09,199
hide my ownership. Right. So let's say I set up

568
00:47:09,280 --> 00:47:15,920
three LLC's that's enough for me to bounce, you know,

569
00:47:16,400 --> 00:47:20,639
play the play the ball in the cup game with

570
00:47:20,800 --> 00:47:27,039
the local appraisers. But they got a lot more than three,

571
00:47:27,800 --> 00:47:30,639
all right, so let's just you know, what is it

572
00:47:30,679 --> 00:47:33,480
one hundred and forty two. We'll just say one hundred

573
00:47:33,480 --> 00:47:38,960
and forty average across four firms. These firms are using

574
00:47:39,000 --> 00:47:43,840
about thirty to thirty five LLCs apiece to make it

575
00:47:43,880 --> 00:47:48,760
really difficult. But if you have a bunch of shell

576
00:47:49,039 --> 00:47:52,920
LLCs that you're buying and selling with, you can effectively

577
00:47:53,000 --> 00:47:57,239
steer the property values any which way you want. You

578
00:47:57,239 --> 00:48:01,639
can drive them down as you're acquiring, and you can

579
00:48:01,719 --> 00:48:06,920
drive them back up once you're done acquiring. Because let's

580
00:48:06,960 --> 00:48:11,960
say for every one hundred dollars you spend, right, you

581
00:48:12,000 --> 00:48:14,920
spend seventy five on buying the houses, and you put

582
00:48:14,920 --> 00:48:18,519
twenty five dollars aside for every hundred dollars right, So

583
00:48:18,519 --> 00:48:20,440
you take twenty five percent of your funds and then

584
00:48:20,639 --> 00:48:24,280
use that free cash that's not currently being tied up

585
00:48:24,320 --> 00:48:28,400
in deals to just bounce these houses around between each other.

586
00:48:29,960 --> 00:48:33,719
Between these thirty five entities, you have driving the cost

587
00:48:33,920 --> 00:48:39,559
or driving the property values of these homes up, and

588
00:48:39,599 --> 00:48:43,679
it works the same way with rent. So funny enough,

589
00:48:47,760 --> 00:48:56,039
out of all these homes that Progressive Residential and Innovation

590
00:48:56,320 --> 00:49:01,679
Homes and Blackrock have already purchased, right, so damn near

591
00:49:01,840 --> 00:49:07,639
ninety percent. Would you be surprised if I told you

592
00:49:09,079 --> 00:49:13,320
that they saw across this ninety percent of all the

593
00:49:13,400 --> 00:49:18,320
homes that they own, they saw a thirty two percent

594
00:49:18,599 --> 00:49:26,280
rent increase within a year. How'd you manage that? How

595
00:49:26,320 --> 00:49:31,480
did you manage to raise the average rent? Right? Because

596
00:49:31,760 --> 00:49:34,920
rent is usually decided on like a going figure. Right,

597
00:49:34,960 --> 00:49:39,440
So if a bunch of houses in this area of

598
00:49:39,519 --> 00:49:46,039
similar size and shape, are and quality are rented for

599
00:49:46,159 --> 00:49:50,679
let's say, twenty five hundred bucks, you could put your

600
00:49:50,880 --> 00:49:55,639
sign out there for rent three thousand dollars, and you're

601
00:49:55,639 --> 00:49:59,800
just not going to get it right, And any real

602
00:50:00,119 --> 00:50:04,480
listing your property for rent for you, any property management company,

603
00:50:04,719 --> 00:50:09,679
is going to list that property for twenty five hundred dollars, right,

604
00:50:10,559 --> 00:50:16,920
because listing at higher does no good. So unless there

605
00:50:17,000 --> 00:50:20,400
is a whole bunch of transactions, rental transactions at like

606
00:50:20,960 --> 00:50:24,519
twenty six hundred dollars and twenty seven hundred and twenty

607
00:50:24,519 --> 00:50:30,320
eight hundred, twenty nine and three thousand only when that happens,

608
00:50:32,079 --> 00:50:36,000
have you actually changed what the rental income is for

609
00:50:36,119 --> 00:50:44,920
that area. So somehow, miraculously ninety percent of the properties

610
00:50:44,960 --> 00:50:54,079
they buy, the rental prices for their areas miraculously increase

611
00:50:55,519 --> 00:50:59,800
one third thirty years, makes it thirty two percent? Call

612
00:50:59,840 --> 00:51:03,000
it the thirty three percent one third within a year.

613
00:51:04,119 --> 00:51:09,559
You know what that is? Well, that's impossible unless you're

614
00:51:09,599 --> 00:51:16,119
doing crime, unless you're doing fraud. So if it was

615
00:51:16,199 --> 00:51:20,280
like twenty percent of your properties saw a rent increase

616
00:51:20,920 --> 00:51:24,119
thirty percent within a year, that would be really good,

617
00:51:24,559 --> 00:51:32,280
like damn good move. But ninety percent, nah, nigga, I'm sorry,

618
00:51:33,159 --> 00:51:38,480
that's not believable. But what markets are they doing? The sin? Well,

619
00:51:40,760 --> 00:51:48,000
this will make you sad. Okay. So there are these

620
00:51:48,079 --> 00:51:56,039
things called this is funny where I jot this down.

621
00:51:56,079 --> 00:51:57,280
I want to make I want to make sure I

622
00:51:57,320 --> 00:52:05,320
have it one hundred percent accurate. Well, ah, there we go.

623
00:52:05,519 --> 00:52:15,280
Red zones. Yes, okay, So there's this term called red zones.

624
00:52:15,440 --> 00:52:21,199
Red zones are cities or you know, large towns where

625
00:52:21,239 --> 00:52:24,599
they're out of all the homes period, not like all

626
00:52:24,639 --> 00:52:27,039
the homes for sale, but all of the homes in

627
00:52:27,159 --> 00:52:35,239
existence in this place. Right, So like LA is one

628
00:52:35,280 --> 00:52:39,280
of these places. They're a red zone, and a red

629
00:52:39,360 --> 00:52:48,159
zone is when corporations, right investment institutions own thirty percent

630
00:52:48,400 --> 00:52:51,960
or more of all the homes in that place. That's

631
00:52:52,000 --> 00:52:57,800
a red zone. So that means one in three roughly

632
00:52:57,880 --> 00:53:01,159
houses single family house. This is not multi family. This

633
00:53:01,239 --> 00:53:03,320
is all just single family where not even fucking talking

634
00:53:03,360 --> 00:53:07,840
apartments and any other fucking you know pods they want

635
00:53:07,920 --> 00:53:15,159
you to live in. These are homes. These are where

636
00:53:15,199 --> 00:53:20,920
people start families. These are what young couples dream about.

637
00:53:21,880 --> 00:53:28,519
This is where kids get their height carved into a

638
00:53:28,719 --> 00:53:32,960
notch by the fridge as they grow up. That's what

639
00:53:33,000 --> 00:53:36,199
these are. These are homes. Homes are where people live.

640
00:53:41,960 --> 00:53:48,719
So one in three homes in LA will only ever

641
00:53:48,840 --> 00:53:55,039
be rentals, so that means no families will be started there,

642
00:53:58,519 --> 00:54:05,039
just transient people that can be evicted whenever. Right As

643
00:54:05,039 --> 00:54:08,920
Innovation Homes fills their home full of free smart devices

644
00:54:10,119 --> 00:54:12,760
and turns them into a twenty four hour data feed

645
00:54:12,840 --> 00:54:15,239
to sell to Yip Data, you know, one of the

646
00:54:15,320 --> 00:54:19,880
largest data brokers. So guess how many red zones there

647
00:54:19,880 --> 00:54:26,440
are currently in America? Actually, guess how many there were

648
00:54:26,440 --> 00:54:28,440
in twenty twenty.

649
00:54:28,960 --> 00:54:29,679
Speaker 1: Red zones.

650
00:54:30,599 --> 00:54:34,320
Speaker 2: Yeah, where basically towns or cities where corporations own thirty

651
00:54:34,360 --> 00:54:42,440
percent or more of the houses to rent. Sex far

652
00:54:42,920 --> 00:54:46,000
how far off of it? It was six in twenty twenty.

653
00:54:48,079 --> 00:54:52,639
I just thought about the biggest cities. Yep, oh it's

654
00:54:52,800 --> 00:55:02,599
very yeah, guess what it is now? Seventy forty seven.

655
00:55:03,320 --> 00:55:18,039
Uh but my friend both Blackrock, Blackstone and maybe someone

656
00:55:18,519 --> 00:55:23,920
at pre Tory, uh Pretium, Prettium, I can't say that

657
00:55:23,920 --> 00:55:31,559
fucking name right, Prettium Partners was nice enough to send

658
00:55:31,559 --> 00:55:37,000
me some nice screenshots. Do you know what their internal

659
00:55:37,039 --> 00:55:39,960
projections are for twenty twenty six? How many red zones

660
00:55:39,960 --> 00:55:44,639
they're going to be? I mean we're already past the

661
00:55:44,679 --> 00:55:46,639
six major cities in America.

662
00:55:47,320 --> 00:55:50,159
Speaker 1: Well, if they're looking at they're liking it. Yeah, if

663
00:55:50,159 --> 00:55:52,039
they're looking at tripling, then I would say one hundred

664
00:55:52,079 --> 00:55:55,079
and fifty.

665
00:55:53,840 --> 00:55:59,199
Speaker 2: One hundred and fifty two by twenty twenty six. All right,

666
00:55:59,239 --> 00:56:04,840
So what is hundred and fifty two? What is America's

667
00:56:05,599 --> 00:56:22,760
one hundred and fifty most? Okay? All right, so one

668
00:56:22,840 --> 00:56:37,320
hundred and fifty Fort Collins, Colorado, Pembroke Pines, Florida, Santa Rosa, California, Salem, Oregon, Aurora, Illinois, Eugene, Oregon, Shreveport,

669
00:56:37,880 --> 00:56:45,800
elk Grove, Clarksville, Ontario, California, Mobile, Alabama, Newport, News, Virginia,

670
00:56:45,960 --> 00:56:56,159
Fort Lauderdale, Chattanooga, Glendale, Akron, Ohio, Temple, Brownsville, Prominence, Huntington Beach, Montgomery, Alabama, Vancouver, Washington,

671
00:56:56,199 --> 00:57:09,559
Grand Rapids, Michigan, Birmingham, Alabama, Overland Park, Kansas, Knoxville, Tennessee, Oxnard, California, Preoria, Arizona, Augusta, Georgia, Columbius, Georgia,

672
00:57:10,320 --> 00:57:14,599
Grand Prairie, Texas, Tallahassee, Florida, and Maarillo, Texas, Little Rock.

673
00:57:14,639 --> 00:57:22,159
These are small like these are towns Rochester, New York, Yonkers.

674
00:57:23,000 --> 00:57:24,760
We got Salt Lake, Fayetteville, De.

675
00:57:24,880 --> 00:57:34,559
Speaker 3: Moine, McKinley, Texas, Modesto, California, Baton, Rouge, Louisiana, Tacoma, Washington,

676
00:57:35,360 --> 00:57:42,280
Santa Clara, San Bernardino, Cape Coral, Florida, Frisco, Texas, and Huntsville, Alabama.

677
00:57:43,079 --> 00:57:46,000
Speaker 2: And that's just from fifty or one hundred and fifty

678
00:57:46,039 --> 00:57:49,199
to fifty. We've got sorry, one hundred and fifty to

679
00:57:49,280 --> 00:57:53,480
one hundred. I've got one hundred more to go. That's

680
00:57:53,599 --> 00:58:00,679
just you know, a third and keep going. Because that's

681
00:58:00,679 --> 00:58:05,800
I guarantee you this is exactly where they're looking, exactly,

682
00:58:07,679 --> 00:58:11,880
because that's what I would do, right if I was

683
00:58:11,920 --> 00:58:22,119
a fucking parasite, scumbag, rent seeking, fucking in unable to innovate,

684
00:58:22,199 --> 00:58:25,880
unable to produce anything of value, motherfucker like these people,

685
00:58:26,519 --> 00:58:32,719
That's what I would do, because what else would you do?

686
00:58:32,800 --> 00:58:35,480
If you're a fucking scumbag piece of shit like Larry

687
00:58:35,519 --> 00:58:42,079
Fink right, unfortunately alive, motherfucker like he is, well, you

688
00:58:42,079 --> 00:58:46,039
would go to your bank friends, right, and he would say, hey,

689
00:58:47,400 --> 00:58:50,679
remember two thousand and eight was really bad, right, just

690
00:58:50,840 --> 00:58:57,360
whole blocks of mortgages just dumping on the market, all

691
00:58:57,360 --> 00:58:59,840
these foreclosures hit in the market, all that, you know, time,

692
00:59:00,719 --> 00:59:05,199
just driving the property values to the floor where people

693
00:59:05,239 --> 00:59:08,760
were actually able to afford them. Mind you, how would

694
00:59:08,800 --> 00:59:13,000
you like to keep property values at this artificially inflated level.

695
00:59:13,519 --> 00:59:17,320
I mean, you'd say it's not artificially inflated, but I

696
00:59:17,360 --> 00:59:24,199
don't know. Twenty to twenty twenty two, home prices doubled.

697
00:59:25,199 --> 00:59:30,679
Then Joe Biden introduces sixteen trillion fucking dollars into the economy,

698
00:59:31,000 --> 00:59:34,360
and what do you know, the homes that just doubled

699
00:59:34,360 --> 00:59:37,760
in value in two years, which average rate appreciation is

700
00:59:37,800 --> 00:59:41,840
about two and a half three percent. But somehow miraculously

701
00:59:42,719 --> 00:59:45,920
you're able to pull off another ninety seven percent in

702
00:59:45,960 --> 00:59:51,400
two years. Amazing, right, instead of six percent two years,

703
00:59:52,519 --> 00:59:54,719
we're going to pull down one hundred percent two years.

704
00:59:55,519 --> 00:59:59,840
You can say that's artificially increased. Well, what happens if

705
00:59:59,880 --> 01:00:02,920
you dump sixteen trillion dollars in the economy because you're

706
01:00:02,920 --> 01:00:07,800
a fucking terrible human being like Joe Biden. Well, then

707
01:00:07,840 --> 01:00:12,719
property values are going to double again, just because that

708
01:00:12,840 --> 01:00:17,400
money poured right into the markets. And eventually, after every

709
01:00:17,519 --> 01:00:24,039
fucking stock doubled and every private company doubled, well there's

710
01:00:24,079 --> 01:00:26,199
still money to go. What do we do with it?

711
01:00:27,400 --> 01:00:31,440
Dump it into the real estate market, and property values

712
01:00:31,480 --> 01:00:35,760
doubled again. So from twenty twenty or twenty nineteen, property

713
01:00:35,800 --> 01:00:42,920
values doubled, and then that doubled number doubles again. So

714
01:00:43,239 --> 01:00:50,519
property prices are artificially high. Buy a lot, So banks,

715
01:00:50,559 --> 01:00:55,079
would you like to keep it like this? Because you

716
01:00:55,199 --> 01:00:58,559
got all these foreclosures. I know that they're happening because

717
01:00:58,599 --> 01:01:03,079
I'm using AI to monitor second by second, every single

718
01:01:03,159 --> 01:01:09,480
delinquency in taxes, every delinquency in payment for mortgages. What

719
01:01:09,559 --> 01:01:14,840
these people spend on their credit cards? Oh yeah, Like

720
01:01:15,760 --> 01:01:20,880
they'll brag in their investor materials about all the spying

721
01:01:20,920 --> 01:01:24,440
they're doing on you, just so they can make sure

722
01:01:24,800 --> 01:01:31,119
the second it looks like you may not be able

723
01:01:31,119 --> 01:01:33,960
to make your payment, well, they're going to tell the

724
01:01:34,000 --> 01:01:36,559
bank that owns your mortgage, hey, could you put this

725
01:01:36,599 --> 01:01:42,280
guy aside for us, which again is fucking illegal, because

726
01:01:43,239 --> 01:01:46,480
you would be amazed. All right, bank's not wanting to

727
01:01:46,480 --> 01:01:52,599
do shit that's illegal. They were cool with it. They're like, yeah,

728
01:01:52,639 --> 01:01:56,360
we'll do something illegal for you. We'll do this stuff

729
01:01:56,400 --> 01:02:02,320
called I mean, it's called shack inventory, but what it

730
01:02:02,400 --> 01:02:09,119
is is illegal inventory. And right now, about fifteen percent

731
01:02:11,079 --> 01:02:15,519
of all the mortgages in America. I can't remember it

732
01:02:15,599 --> 01:02:17,480
was all the delinquent ones or not. I've had to

733
01:02:17,519 --> 01:02:21,199
do a lot of talking today, so my brain is

734
01:02:21,679 --> 01:02:26,719
on the last bit of juice it has. But anyways,

735
01:02:27,400 --> 01:02:29,920
whether it's fifteen percent of all the mortgages that the

736
01:02:29,920 --> 01:02:33,400
bank holds or whether it's fifteen percent of the delinquent ones,

737
01:02:33,519 --> 01:02:41,679
I can't remember. But they're being held separately for institutional purchasers,

738
01:02:42,320 --> 01:02:45,760
because Larry Fink and his faggot friends went to these

739
01:02:45,800 --> 01:02:49,000
banks and say, hey, wouldn't it be better instead of

740
01:02:49,000 --> 01:02:51,639
a bunch of foreclosures hitting the market all at once

741
01:02:52,280 --> 01:02:54,840
and decimating property prices, wouldn't it just be better if

742
01:02:54,840 --> 01:03:01,760
we bought them silently secret from you and big old

743
01:03:01,840 --> 01:03:04,400
blocks and they never hit the market, so they never

744
01:03:04,440 --> 01:03:07,920
have a chance to fuck up property prices. Because we've

745
01:03:07,960 --> 01:03:09,920
got one hundred and fifty LLCs that we're going to

746
01:03:10,000 --> 01:03:13,880
do some more crime with, and we're going to jack

747
01:03:13,920 --> 01:03:17,199
those property values up anyways, because we need to jack

748
01:03:17,239 --> 01:03:19,719
the property values up so we can jack the rents up.

749
01:03:21,719 --> 01:03:24,079
So don't worry, like, we don't care if we're paying

750
01:03:24,079 --> 01:03:28,039
full price for it. It's not our money. Larry Fink's

751
01:03:28,079 --> 01:03:32,639
still borrowing fucking from the Federal Reserve for free, well

752
01:03:32,800 --> 01:03:36,559
now less than free, but neras makes no difference. Free

753
01:03:38,519 --> 01:03:40,800
right if the interest rate is like three or four

754
01:03:40,880 --> 01:03:46,480
or five percent. Inflation's five percent, right, so real interest

755
01:03:46,519 --> 01:03:50,320
rates are zero at the FED rate for Larry Fink

756
01:03:50,440 --> 01:03:54,360
interest rates or zero. So they don't care if they

757
01:03:54,400 --> 01:03:57,119
pay this inflated price for it, because they full on

758
01:03:57,239 --> 01:04:00,599
plan to jack it up even further. They've already got

759
01:04:00,760 --> 01:04:04,639
each one of them about forty LLCs to do the

760
01:04:04,679 --> 01:04:11,920
fuckery with. So that's what these guys are planning right now.

761
01:04:13,480 --> 01:04:18,639
And I would bet, I don't know, you can't keep

762
01:04:19,440 --> 01:04:23,719
what was it eighty billion just for Blackstone, not even Blackrock,

763
01:04:24,199 --> 01:04:27,679
Blackstone smaller by quite a bet. So if they got

764
01:04:27,679 --> 01:04:31,840
eighty billion, god knows how much Larry Fink has. And

765
01:04:31,920 --> 01:04:41,280
I mean, let's take let's take progressive residences. I can't.

766
01:04:41,320 --> 01:04:45,760
I always forget, dude, I'm running on fumes. Today. You

767
01:04:45,840 --> 01:04:52,960
got innovation homes and progressive residential these guys, I mean,

768
01:04:53,079 --> 01:04:55,920
what is innovation homes market cap? It's a public the

769
01:04:56,039 --> 01:05:00,599
trading company. Tell me how much one hundred fifty thousand

770
01:05:00,599 --> 01:05:04,000
American single family homes that you've turned into fucking rent farms?

771
01:05:04,119 --> 01:05:13,880
Tell me what that equals and dollars? Innovation homes? What's

772
01:05:13,920 --> 01:05:22,519
the stock price? Okay, that's thirty two dollars a share?

773
01:05:22,679 --> 01:05:27,800
Not bad? Market cap? Nineteen billion dollars. Nineteen billion dollars

774
01:05:27,880 --> 01:05:31,800
is how much one hundred and fifty thousand rent farms

775
01:05:32,199 --> 01:05:37,599
is one hundred and fifty thousand murdered American dreams? One

776
01:05:37,679 --> 01:05:42,239
hundred and fifty thousand things that shouldn't exist are worth

777
01:05:44,039 --> 01:05:48,079
roughly nearest, makes no difference, nineteen billion dollars. So you

778
01:05:48,199 --> 01:05:52,159
tell me that you're gonna triple in size. You're gonna

779
01:05:52,159 --> 01:05:57,320
buy what one hundred, one hundred and fifty thousand, that's

780
01:05:57,360 --> 01:06:03,400
what four hundred and fifty thousand, four hundred and fifty

781
01:06:03,880 --> 01:06:07,440
half a million American homes, all right, so that you're

782
01:06:07,440 --> 01:06:12,760
gonna need another forty billion dollars, bud. So if innovation

783
01:06:12,920 --> 01:06:15,280
homes going to need forty billion dollars, and they're already

784
01:06:15,280 --> 01:06:19,599
the largest single family owner, that means Blackstone and black

785
01:06:19,719 --> 01:06:23,360
Rock they're coming to grab this whole market up because

786
01:06:23,400 --> 01:06:28,440
eighty billions a lot more than sixty. So they're trying

787
01:06:28,440 --> 01:06:34,559
to corner the market in basically robbing Americans from the

788
01:06:34,599 --> 01:06:39,199
ability to own homes. Because when private equity owns thirty

789
01:06:39,360 --> 01:06:44,000
percent of the homes in America, that means private equity

790
01:06:44,039 --> 01:06:48,559
decides when the real estate prices go down, because they

791
01:06:48,639 --> 01:06:51,320
got enough properties they can bounce, and they got enough

792
01:06:51,519 --> 01:06:54,920
cash sitting on side to bounce those motherfuckers around internally

793
01:06:56,280 --> 01:06:58,440
and make them a praise at whatever the fuck they

794
01:06:58,480 --> 01:07:11,280
want to. So shit. Probably, I mean, just off the

795
01:07:11,280 --> 01:07:16,840
top of my head, forty of the homes in America think,

796
01:07:17,039 --> 01:07:19,400
I mean, maybe their goal of more than fifty percent

797
01:07:19,440 --> 01:07:22,760
is a little ambitious. They'll probably get to forty five

798
01:07:22,840 --> 01:07:25,840
percent of all the homes in America, and that makes

799
01:07:25,960 --> 01:07:32,599
America a renter nation for forever. And once you psychologically

800
01:07:32,800 --> 01:07:44,840
and morale wise, that reality does something to you. It

801
01:07:44,960 --> 01:07:49,360
demoralizes you as a population. Because if you're renting now

802
01:07:49,400 --> 01:07:52,360
and you know that you're never ever going to do

803
01:07:52,400 --> 01:07:56,159
anything other than rent, there's a whole lot of dreams

804
01:07:56,800 --> 01:07:58,599
and a whole lot of goals that go with that

805
01:08:00,039 --> 01:08:06,800
you just have to throw right in the trash. And

806
01:08:06,800 --> 01:08:09,280
that's not even including what they tried to do to

807
01:08:09,320 --> 01:08:13,239
the fucking money in twenty twenty. But to say that

808
01:08:13,280 --> 01:08:15,679
these men should all be lined up and shot being

809
01:08:15,760 --> 01:08:19,319
fucking understatement. And that'll be my fed post for the day.

810
01:08:19,920 --> 01:08:21,880
I didn't say which men, and I didn't say by who,

811
01:08:21,960 --> 01:08:24,279
so fuck off. Well.

812
01:08:24,439 --> 01:08:28,479
Speaker 1: One of the crazy one of the things you mentioned

813
01:08:28,520 --> 01:08:31,199
there is I remember a buddy of mine, like at

814
01:08:31,199 --> 01:08:36,039
the beginning of twenty twenty, he got his I mean,

815
01:08:36,079 --> 01:08:38,880
he lives in his house, so he's not planning on moving.

816
01:08:38,920 --> 01:08:40,880
He's not, I mean, he's just there, so he doesn't

817
01:08:40,920 --> 01:08:45,119
know what it's valued at and everything. Well, apparently, in

818
01:08:45,199 --> 01:08:50,039
like two thousand and nineteen it went up, so it

819
01:08:50,159 --> 01:08:58,560
increased in value so much that his property text doubled. Yeah,

820
01:08:58,600 --> 01:09:02,439
so you're like, so that's another thing. Is while market,

821
01:09:02,560 --> 01:09:05,680
you know, while the housing market is climbing, So it

822
01:09:05,720 --> 01:09:09,479
is property tax in a lot of areas simbly every area,

823
01:09:10,239 --> 01:09:13,800
but most areas it's going to increase. And that's just

824
01:09:13,840 --> 01:09:17,279
another burden that people have to have to bring out

825
01:09:17,279 --> 01:09:17,760
of pocket.

826
01:09:18,720 --> 01:09:23,039
Speaker 2: Yep. And that's why the ais are monitoring their property

827
01:09:23,079 --> 01:09:27,479
appraiser's website for the second that that thing goes even

828
01:09:27,520 --> 01:09:31,600
one payment behind, they're lining up the funds ready to go.

829
01:09:32,520 --> 01:09:35,840
And also what happens if your home triples in value.

830
01:09:38,199 --> 01:09:40,800
That means your insurance company is now on the hook

831
01:09:40,880 --> 01:09:44,760
for three times as much. I guess what's going to

832
01:09:44,760 --> 01:09:51,079
happen to your rates? Well, they're going to increase by

833
01:09:51,119 --> 01:09:57,560
three x like my mothers did. And then when it

834
01:09:57,600 --> 01:10:03,239
couldn't increase anymore, they just dropped her, along with most

835
01:10:03,239 --> 01:10:09,880
people in the state of Florida. Oh and same with California.

836
01:10:10,399 --> 01:10:13,920
They just dropped hundreds and hundreds of thousands of people

837
01:10:15,000 --> 01:10:22,720
because they're sitting there watching these property prices triple, and

838
01:10:22,720 --> 01:10:27,359
then they're looking at what the state's doing to prevent fires,

839
01:10:27,399 --> 01:10:32,720
which is well, fuck all, and they're like, we have

840
01:10:32,800 --> 01:10:36,079
to raise property we have to raise property insurance prices.

841
01:10:37,399 --> 01:10:45,159
And the fucking morons in California state government passed a

842
01:10:45,279 --> 01:10:55,039
law right before the fires banning property insurers from raising

843
01:10:55,119 --> 01:11:02,079
rates too rapidly. Well, having a house price triple in

844
01:11:02,159 --> 01:11:06,960
three years is rapid, So how are they supposed to

845
01:11:07,039 --> 01:11:11,840
cover that, let alone the fact that you're basically, I

846
01:11:11,880 --> 01:11:15,119
don't know, piling kindling up at the feet of all

847
01:11:15,159 --> 01:11:19,039
of these fucking homes, you morons. So what do they do?

848
01:11:19,439 --> 01:11:21,760
The only thing an insurance company can do. I'm not

849
01:11:21,800 --> 01:11:26,319
even mad at them about it. They pull out, and

850
01:11:26,399 --> 01:11:30,640
what do you know, there's a fire two months later,

851
01:11:31,079 --> 01:11:35,199
kind of like the insurance companies were warning about. Well,

852
01:11:36,239 --> 01:11:39,479
I think, as it is right now, from what I've heard,

853
01:11:40,479 --> 01:11:42,479
more than half of the homes that got torched in

854
01:11:42,479 --> 01:11:47,840
the LA fires had their insurance pulled about two to

855
01:11:47,880 --> 01:11:51,640
three months prior. That is not enough. I don't know

856
01:11:51,680 --> 01:11:53,920
if anybody is shopped for homeowners insurance. But it's a

857
01:11:53,920 --> 01:11:57,479
fucking nightmare because you have to have appraisers come out,

858
01:11:58,159 --> 01:12:02,359
and appraisers have schedules. So what happens when I don't know,

859
01:12:02,600 --> 01:12:04,720
a couple hundred thousand people all need to call an

860
01:12:04,720 --> 01:12:07,439
appraiser at the exact same fucking time. Well, guess what,

861
01:12:07,479 --> 01:12:11,720
You're waiting a while, as anybody that's tried to do

862
01:12:11,880 --> 01:12:14,640
anything insurance related after like a storm or anything like that.

863
01:12:16,119 --> 01:12:19,399
So these people didn't even have time to purchase new

864
01:12:19,680 --> 01:12:25,800
property insurance even if they fucking wanted to. So just

865
01:12:26,000 --> 01:12:31,199
like the people who ended up on mortgage assistance, all

866
01:12:31,239 --> 01:12:36,439
right on that mortgage moratorium because some fucking faggot listened

867
01:12:36,439 --> 01:12:41,439
to Larry Fink and his friends and locked down the country.

868
01:12:41,560 --> 01:12:45,960
Because don't get me wrong, those lockdowns had nothing to

869
01:12:46,039 --> 01:12:52,119
do with COVID whatsoever. See the problem, Pete, is if

870
01:12:52,159 --> 01:12:57,439
you print sixteen trillion dollars or whatever the fuck it was,

871
01:12:59,359 --> 01:13:02,800
you're gonna have inflation rip real quick because the market

872
01:13:02,880 --> 01:13:05,079
is pricing everything ahead of time. The market doesn't care

873
01:13:05,159 --> 01:13:08,319
what it is now, what anything is now, it cares

874
01:13:08,319 --> 01:13:10,439
what it will be like you're investing to what it

875
01:13:10,479 --> 01:13:13,840
will be, right, so it's forward looking, which means it

876
01:13:13,880 --> 01:13:20,199
moves fast. So how do you stop rapid inflation happening?

877
01:13:21,640 --> 01:13:24,279
You need a way to cool the economy down, slow

878
01:13:24,359 --> 01:13:29,199
down the velocity of money. If only there was some

879
01:13:29,279 --> 01:13:34,279
way that you could just lock people in their homes.

880
01:13:37,800 --> 01:13:44,319
And what do you know? The best lockdown indicator that

881
01:13:44,439 --> 01:13:48,119
I found during while this was happening was the FEDS

882
01:13:48,159 --> 01:13:53,880
inflation data. I predicted something like once I figured it out,

883
01:13:55,840 --> 01:13:59,159
I think I didn't. I was unable to predict one

884
01:13:59,279 --> 01:14:04,880
lockdown side out of all of them. They didn't give

885
01:14:04,880 --> 01:14:07,119
a It wasn't not a fucking virus. It wasn't not

886
01:14:07,239 --> 01:14:10,199
all cases are rising. It was inflation that was rising,

887
01:14:10,239 --> 01:14:15,319
and they needed to cool the economy down because the

888
01:14:15,359 --> 01:14:18,399
velocity of money is Let's say I got ten dollars, right,

889
01:14:19,159 --> 01:14:23,000
and I take in Uber to Pete's house, right, And

890
01:14:23,079 --> 01:14:26,239
that Uber driver gets my ten dollars and he goes

891
01:14:26,279 --> 01:14:29,640
and fills up his gas tank, right, And then that

892
01:14:29,720 --> 01:14:32,800
gas station guy he needs to go buy more red bulls,

893
01:14:33,039 --> 01:14:36,000
and that ten dollars has changed hands three times in

894
01:14:36,039 --> 01:14:41,000
an afternoon. That's high velocity money. But if everybody's locked

895
01:14:41,000 --> 01:14:44,880
in their homes, velocity of money goes way down, which

896
01:14:44,960 --> 01:14:48,960
means you can print a large amount without the inflation

897
01:14:49,039 --> 01:14:53,239
is starting right away, which was part of Larry Fink's plan. Literally,

898
01:14:54,479 --> 01:14:58,039
he presented it to Jackson Hole because oh yeah, he's

899
01:14:58,039 --> 01:15:01,159
on the fucking fed that he shouldn't be thanks to

900
01:15:01,239 --> 01:15:04,479
Janet Yellen, also in charge of COVID relief funds and

901
01:15:04,560 --> 01:15:12,960
COVID relief programs like the mortgage moratorium. Larry Fink tried

902
01:15:12,960 --> 01:15:18,520
to shove a central bank digital currency down your neck,

903
01:15:18,720 --> 01:15:23,439
one that he had planned for. Literally, the fucking plan

904
01:15:23,560 --> 01:15:27,760
is impressive. It's like fucking one hundred pages, charts and everything.

905
01:15:27,800 --> 01:15:31,960
Probably took at least a month or two, but it

906
01:15:32,039 --> 01:15:35,920
was dropped. I have a month after the very first

907
01:15:35,960 --> 01:15:40,239
lockdown started less, almost like they had it ready to go.

908
01:15:43,199 --> 01:15:47,239
My favorite, if you want to hear a slide out

909
01:15:47,239 --> 01:15:54,760
of it, Pete, is the one where would you believe

910
01:15:54,760 --> 01:16:03,199
it or not? They were nice enough to list out

911
01:16:03,319 --> 01:16:06,600
the different type of hurdles their central bank digital currency

912
01:16:07,640 --> 01:16:11,560
is going to encounter. And my favorite slide out of

913
01:16:11,600 --> 01:16:16,960
all of them is this one. The going direct reset

914
01:16:17,079 --> 01:16:23,680
plans problem with they call it. It's very funny. They

915
01:16:23,720 --> 01:16:32,399
call it here we go it's page eleven. Here we

916
01:16:32,479 --> 01:16:51,159
go political challenges. Yeah, so basically there is growing political

917
01:16:51,199 --> 01:16:55,359
discontent across major economies, and central banks are one of

918
01:16:55,399 --> 01:17:01,600
this target or one of the targets for atation and misinformation.

919
01:17:02,920 --> 01:17:07,479
Widening inequality has fostered backlash against elite. And there are

920
01:17:07,520 --> 01:17:12,720
many drivers of inequality, including at its root technology that

921
01:17:12,760 --> 01:17:16,640
we need to censor and a winner take all dynamics

922
01:17:16,640 --> 01:17:22,359
of globalization the Great Financial Crisis. See, they know that

923
01:17:22,439 --> 01:17:28,279
globalization is just entropy. They know it. They know globalization

924
01:17:28,479 --> 01:17:35,960
is globalizing wages, not just globalizing production. So they already

925
01:17:36,039 --> 01:17:38,640
know that you're going to love competing with the Bangladeshi.

926
01:17:39,880 --> 01:17:44,159
The Great Financial Crisis and the resulting forced bailout. Oh,

927
01:17:44,199 --> 01:17:50,239
it was definitely forced by somebody, you fucking cunt of

928
01:17:50,319 --> 01:17:54,279
financial institutions deemed too big to fail, deemed by who

929
01:17:55,359 --> 01:18:00,199
has added fuel to this backlash along with rising misinformation.

930
01:18:02,439 --> 01:18:06,079
Not acting during the Great Financial Crisis would have almost

931
01:18:06,119 --> 01:18:08,800
certainly led to a Great Depression like outcome. So it's

932
01:18:08,840 --> 01:18:12,640
a good thing we did what we did. Much higher

933
01:18:12,720 --> 01:18:20,840
unemployment and even worse inequality. Yet the counterfactual narrative provides

934
01:18:21,000 --> 01:18:27,039
no solace to those feeling left behind the pores, and

935
01:18:27,199 --> 01:18:33,000
monetary policy tools themselves might have increased inequality. You mean

936
01:18:33,079 --> 01:18:37,520
the tools that you fucking people have and are talking about.

937
01:18:37,560 --> 01:18:42,000
How you have them right now? So your tools, your

938
01:18:42,079 --> 01:18:49,079
monetary policy tools themselves, we might have inadvertently increased inequality,

939
01:18:50,520 --> 01:18:55,880
and we are certainly perceived to have done so incorrectly

940
01:18:55,960 --> 01:19:01,199
from that misinformation by put pushing up the price of

941
01:19:01,319 --> 01:19:07,479
assets owned by only a small fraction of the population. Governments,

942
01:19:07,640 --> 01:19:11,960
not central banks, have the largest impact on issues of

943
01:19:12,039 --> 01:19:17,399
inequality and wealth redistribution. Nigga, what did you just say?

944
01:19:19,920 --> 01:19:23,039
And a greater use of our fiscal policy tool is

945
01:19:23,199 --> 01:19:29,039
needed to offset the impact of central banks policies on inequality,

946
01:19:29,800 --> 01:19:35,039
including the impact of monetary policy. So wait, a greater

947
01:19:35,279 --> 01:19:39,800
use of fiscal policy tools is needed to offset the

948
01:19:39,920 --> 01:19:48,319
money printing of banks. Okay, what tools? That is why

949
01:19:48,359 --> 01:19:52,319
we believe the boundaries between fiscal and monetary policy will

950
01:19:52,359 --> 01:19:57,039
be continued to be blurred, and why a clear framework

951
01:19:57,560 --> 01:20:01,479
is needed to mitigate this risk, a framework that we

952
01:20:01,600 --> 01:20:07,439
happen to already have written ready to go. Without a

953
01:20:07,520 --> 01:20:11,279
clear framework, political pressure will build on many fronts, and

954
01:20:11,439 --> 01:20:16,439
USAID is going to make damn sure they do. Some

955
01:20:16,479 --> 01:20:20,000
of these pressures may lead to better outcomes and better

956
01:20:20,039 --> 01:20:27,199
defective coordination, but some may not. For example, the next

957
01:20:27,279 --> 01:20:34,079
downturn will likely take inequality more directly into account to

958
01:20:34,159 --> 01:20:41,079
be politically unpalpable. Not all asset purchase programs are born

959
01:20:41,199 --> 01:20:46,159
equal when it comes to their impact on inequality. Policy

960
01:20:46,279 --> 01:20:49,760
responses that put money more directly into the hands of

961
01:20:49,840 --> 01:20:55,159
citizens might be more attractive, and the rise of central

962
01:20:55,279 --> 01:21:01,079
bank issued electronic money and central bank digital current might

963
01:21:02,439 --> 01:21:07,319
achieve these objectives in ways that were not previously possible.

964
01:21:10,960 --> 01:21:16,319
The key is coordination does not require giving up central

965
01:21:16,359 --> 01:21:23,159
bank independence. Instead, policy frameworks need to evolve and acknowledge

966
01:21:24,079 --> 01:21:27,159
that it is not responsible or sorry. It is not

967
01:21:27,199 --> 01:21:31,159
the response itself that needs to be independent. The policy

968
01:21:31,239 --> 01:21:37,600
response in times of crisis like COVID nineteen will have

969
01:21:37,680 --> 01:21:41,319
to involve elements of both fiscal and monetary policy, so

970
01:21:41,399 --> 01:21:47,479
basically government and central banks. But the contribution of monetary

971
01:21:47,520 --> 01:21:53,079
and fiscal authorities to the response of COVID nineteen cannot

972
01:21:53,159 --> 01:21:59,000
be clearly separated. The approach described below provides a concrete

973
01:21:59,039 --> 01:22:02,760
example of how this could be done. The going direct

974
01:22:02,960 --> 01:22:09,159
reset is about emergency fiscal policy and central bank digital currency.

975
01:22:10,399 --> 01:22:14,640
And then they go into the political hurdles by country.

976
01:22:14,760 --> 01:22:18,960
There's the legal frameworks. Despite the Fed's wide latitude to

977
01:22:18,960 --> 01:22:22,399
purchase treasury bonds, the debt ceiling is coordinated with the

978
01:22:22,439 --> 01:22:27,319
Treasury in Congress, which restricted the Fed's emergency lending authorities

979
01:22:27,760 --> 01:22:33,520
after the crisis and presents challenges. Now, these challenges need

980
01:22:33,560 --> 01:22:37,760
to be remediated, as in, like you need to go

981
01:22:37,880 --> 01:22:44,479
change the laws for US peasants. Cooperation has precedent, however,

982
01:22:44,680 --> 01:22:48,399
during and after World War II that ended with the

983
01:22:48,439 --> 01:22:51,159
Treasury Record of nineteen fifty one, which would need to

984
01:22:51,199 --> 01:22:57,680
be repealed. Oh really, And when the Treasury Department and

985
01:22:57,720 --> 01:23:05,039
the FED decoupled debt management and monetary policy and agreed

986
01:23:05,119 --> 01:23:11,960
to minimize moderately or money monetization, these things would need

987
01:23:12,000 --> 01:23:19,199
to be at minimum reversed in any future financial crisis.

988
01:23:19,880 --> 01:23:25,760
Options to implement Congress could create a special Treasury account

989
01:23:26,079 --> 01:23:30,720
at the FED and authorize the FOMC, which Janet Yellen

990
01:23:30,840 --> 01:23:34,079
just put Larry Fink on to fill the account up

991
01:23:34,119 --> 01:23:43,039
to a preset limit. Oh, Congress could create a special

992
01:23:43,079 --> 01:23:47,159
Treasury account. What a novel idea. And there's another one

993
01:23:47,159 --> 01:23:49,560
for the EU. There's another one for Japan and another

994
01:23:49,600 --> 01:23:56,359
one for the UK, and they specifically outline constitutional hurdles.

995
01:23:58,479 --> 01:24:01,760
So this is what Larry Fink as I read the

996
01:24:01,800 --> 01:24:07,119
Blackrock disclosure for this lovely document he presented to the

997
01:24:07,119 --> 01:24:11,720
Federal Reserve FOMC board at Jackson holl right after the

998
01:24:11,720 --> 01:24:17,439
pandemic that coincidentally happened to save a bunch of bankrupt

999
01:24:17,439 --> 01:24:26,079
banks and a liquidity crisis. He was planning the exact

1000
01:24:26,239 --> 01:24:32,439
laws and legislation changes to implement a central bank digital currency.

1001
01:24:33,960 --> 01:24:38,039
So to think that he did anything different with this

1002
01:24:38,079 --> 01:24:45,000
housing crisis, they love crisis would be any different Banks,

1003
01:24:46,319 --> 01:24:57,079
Blackrock Investment Institute. It's appreciated. These are criminals, That's what

1004
01:24:57,119 --> 01:25:04,039
they are. These are all criminals. Jail would be nice,

1005
01:25:04,079 --> 01:25:05,960
but if we think about how many lives these people

1006
01:25:05,960 --> 01:25:14,560
have destroyed, how many how many dads that thanks to

1007
01:25:14,760 --> 01:25:18,520
the lockdowns that these fucking faggots engineered, put a pistol

1008
01:25:18,520 --> 01:25:21,039
in their mouth because they could no longer support their

1009
01:25:21,079 --> 01:25:28,439
family or their monetary situation got them a divorce, and

1010
01:25:28,479 --> 01:25:33,039
now they don't get to see their kids anymore. These

1011
01:25:33,079 --> 01:25:36,479
people are criminals, and they're setting up to do it

1012
01:25:36,520 --> 01:25:41,000
all again, and no one's paying attention, and the other

1013
01:25:41,079 --> 01:25:43,600
thing is the other thing that everyone seems to be

1014
01:25:44,640 --> 01:25:50,800
don't get me wrong, Like guys like Musk, guys like Andresen,

1015
01:25:51,640 --> 01:25:54,760
like these guys they don't interface with the property market.

1016
01:25:55,039 --> 01:25:56,920
I don't hold it against them, like they have a

1017
01:25:56,960 --> 01:26:01,399
lot on their plate to deal with. So unless your

1018
01:26:01,720 --> 01:26:04,199
nose is in the real estate market all the time,

1019
01:26:04,279 --> 01:26:08,960
like you just flatly don't know this shit. So right now,

1020
01:26:09,600 --> 01:26:13,479
like twenty percent of all the fucking homes in San Francisco,

1021
01:26:13,520 --> 01:26:16,119
New York and LA on top of the thirty percent

1022
01:26:16,159 --> 01:26:20,560
owned by Blackrock are owned by Chinese people, but not

1023
01:26:20,680 --> 01:26:24,079
in like a xenophobic type of way, as in, foreign

1024
01:26:24,159 --> 01:26:29,239
nationals buy these properties and they don't rent them out

1025
01:26:29,359 --> 01:26:33,560
and they don't move into them. They use them as

1026
01:26:33,640 --> 01:26:38,840
bank accounts that are shaped like houses. Because America is

1027
01:26:38,880 --> 01:26:43,920
so amazing that it's real estate market, it's deeded property

1028
01:26:44,000 --> 01:26:48,560
backed up by force of the American government, is more

1029
01:26:48,600 --> 01:26:52,199
secure than any bank account that they could get in

1030
01:26:52,279 --> 01:26:57,680
China or Russia or India. And the two percent average

1031
01:26:57,720 --> 01:27:03,000
property appreciation provides a stable rate of return you were

1032
01:27:03,000 --> 01:27:06,039
going to get in any fucking money market fund or

1033
01:27:06,039 --> 01:27:09,760
anything like that, oh, when they lucked out during COVID

1034
01:27:09,840 --> 01:27:12,840
because the interest rate on their little savings account that's

1035
01:27:12,840 --> 01:27:17,119
shaped like a house that a family can't live in. Oh, well,

1036
01:27:17,479 --> 01:27:19,479
for you know, three years, the interest rate was two

1037
01:27:19,560 --> 01:27:26,560
hundred percent. It's a good deal, Manhattan. It's thirty percent

1038
01:27:26,600 --> 01:27:29,079
of the homes or thirty percent of the apartments and

1039
01:27:29,119 --> 01:27:34,319
condos are vacant and stay vacant twenty four hours a day,

1040
01:27:34,319 --> 01:27:45,479
seven days a week, twelve months a year because Chinese, Russian, Saudi,

1041
01:27:47,119 --> 01:27:54,000
Indian rich people just buy them, lock the doors until

1042
01:27:54,000 --> 01:27:57,560
they're ready to withdraw their money, which is when they

1043
01:27:57,600 --> 01:28:02,960
sell the apartment. So percent of the housing supply in

1044
01:28:03,039 --> 01:28:08,239
major metropolitan areas is kept away from the people that

1045
01:28:08,279 --> 01:28:10,439
actually want to buy the houses to live in. Right,

1046
01:28:10,520 --> 01:28:14,039
So thirty percent is basically yanked off the market and

1047
01:28:14,119 --> 01:28:19,479
hit away, which artificially jacks up property costs, house housing costs,

1048
01:28:20,720 --> 01:28:23,239
just so foreigners can have a fucking bank account here

1049
01:28:23,600 --> 01:28:31,720
at our expense. They increase our property costs materially, I

1050
01:28:31,760 --> 01:28:35,439
would say, forgetting the private equity funds that own thirty

1051
01:28:35,439 --> 01:28:40,159
percent of American homes, just the foreign investors using them

1052
01:28:40,159 --> 01:28:44,319
as bank accounts. As another twenty percent, So that means

1053
01:28:44,359 --> 01:28:47,159
the property cost The reason twenty percent of the reason

1054
01:28:47,920 --> 01:28:51,359
young people can't buy a fucking home is so rich

1055
01:28:51,439 --> 01:28:56,960
foreigners can use them as bank accounts. So they don't

1056
01:28:56,960 --> 01:28:59,920
put that money into our economy by investing in like,

1057
01:29:00,319 --> 01:29:06,760
let's say, a investment fund that actually does things. They

1058
01:29:06,760 --> 01:29:08,319
don't want to do that because there could be a

1059
01:29:08,319 --> 01:29:11,239
little risk. What if the investment goes down? What if

1060
01:29:11,279 --> 01:29:15,000
I don't make my guaranteed two percent. Well, it'd be

1061
01:29:15,079 --> 01:29:20,319
much better for me, the foreign rich person, to just

1062
01:29:20,439 --> 01:29:27,119
raise your housing costs and take perfectly good homes out

1063
01:29:27,159 --> 01:29:29,439
of the housing market so I can use it as

1064
01:29:29,439 --> 01:29:33,600
a fucking bank account. Your country is an economic zone

1065
01:29:35,159 --> 01:29:41,439
and a financial institution for foreigners. And as this fucking

1066
01:29:41,479 --> 01:29:46,079
debt bubble on wines and all these fucking economies collapse,

1067
01:29:46,720 --> 01:29:50,199
luckily thanks to Elon, thanks to Andres, thanks to Trump,

1068
01:29:52,920 --> 01:29:56,159
that fucking crisis is going to hurt us but not

1069
01:29:56,279 --> 01:29:59,920
destroy us, and it will destroy most of the other

1070
01:30:00,119 --> 01:30:04,359
g twenty countries. When that happens, where do you think

1071
01:30:04,439 --> 01:30:08,720
all those rich people dollars are going to go. They're

1072
01:30:08,720 --> 01:30:10,960
going to go into the last game in town, which

1073
01:30:11,000 --> 01:30:13,399
is us. Are they going to go into the market

1074
01:30:13,399 --> 01:30:15,800
where they just watch the market where they live crash.

1075
01:30:17,039 --> 01:30:19,680
Where are they going to go? What's the most stable

1076
01:30:19,840 --> 01:30:24,680
and safe asset in the fucking world? Treasury bonds? What's

1077
01:30:24,720 --> 01:30:32,880
the second most American real estate? So you think it's bad, now,

1078
01:30:33,000 --> 01:30:37,279
just wait until Blackrock and all those other fucking fagots

1079
01:30:37,359 --> 01:30:42,399
I just listed off get their way, and then fifty

1080
01:30:42,439 --> 01:30:46,000
percent of homes will be owned by private equity companies

1081
01:30:46,159 --> 01:30:48,640
renting them out to Americans. And guess who's going to

1082
01:30:48,680 --> 01:30:54,439
own the other fifty percent. That's right, asshole, some Chinese

1083
01:30:54,439 --> 01:30:58,720
fagot who never intends to even step foot in that house.

1084
01:31:00,640 --> 01:31:04,960
So Donald Trump is going to end up because he's

1085
01:31:05,000 --> 01:31:10,279
got a lot on his plate completely missing this. Unless

1086
01:31:10,279 --> 01:31:15,000
you pass laws or executive orders, I'm okay with those.

1087
01:31:15,239 --> 01:31:22,720
Apparently you guys are too. Unless you stop foreign capital

1088
01:31:23,479 --> 01:31:28,319
parking itself and hiding itself again, this is purchasing power,

1089
01:31:28,479 --> 01:31:32,239
This is capital. They can keep that house off the

1090
01:31:32,279 --> 01:31:36,880
market and hid in, but then borrow against that asset,

1091
01:31:37,439 --> 01:31:45,199
and now foreign nationals from hostile countries rather than deposit.

1092
01:31:45,520 --> 01:31:48,680
You know, trying to transfer money from China into America

1093
01:31:48,760 --> 01:31:54,079
is really fucking hard, But if you bought a bunch

1094
01:31:54,119 --> 01:31:57,600
of assets here, going and getting a line of credit

1095
01:31:57,640 --> 01:32:00,880
against those assets is better than and fucking trying to

1096
01:32:00,880 --> 01:32:03,600
send money from China here and having to worry about

1097
01:32:03,600 --> 01:32:08,039
Finnsen right in the Treasury Department taking a look at it.

1098
01:32:09,159 --> 01:32:12,199
Them just borrowing against these assets that they shouldn't have

1099
01:32:12,239 --> 01:32:15,760
in the fucking first place, bypasses all of our safety measures.

1100
01:32:17,039 --> 01:32:21,600
You want to know how Hunter Biden and that private

1101
01:32:21,600 --> 01:32:28,600
equity fund bought up a bunch of fucking missile technology,

1102
01:32:29,479 --> 01:32:33,560
secret missile technology that would never have allowed, never been

1103
01:32:33,600 --> 01:32:38,119
allowed outside of this country, because that money was already

1104
01:32:38,159 --> 01:32:45,479
in this country. That's why. That's how. So unless somebody

1105
01:32:45,479 --> 01:32:48,840
gets a hold of this a fucking housing in America,

1106
01:32:48,880 --> 01:32:51,560
the American dream is going to be yanked out from

1107
01:32:51,640 --> 01:32:56,319
underneath every person that doesn't already own a fucking house,

1108
01:32:56,640 --> 01:32:58,279
and every person that does own a house will be

1109
01:32:58,279 --> 01:33:02,119
too fucking scared to ever sell it because what else

1110
01:33:02,159 --> 01:33:07,640
are they going to get with it? Nothing? So America

1111
01:33:07,720 --> 01:33:10,880
becomes a renter nation for forever. Larry Fink and his

1112
01:33:10,960 --> 01:33:15,039
friends get the you will own nothing and be happy

1113
01:33:15,119 --> 01:33:19,239
that they always wanted because who really cares? When they

1114
01:33:19,279 --> 01:33:21,399
say who will own nothing. You will own nothing and

1115
01:33:21,479 --> 01:33:25,760
be happy. Well, if you will own no car and

1116
01:33:25,800 --> 01:33:30,159
you'll be happy, that'll really suck, but you could probably

1117
01:33:30,800 --> 01:33:34,479
grin and bear it. But you will never own the

1118
01:33:34,520 --> 01:33:39,319
place you live and you will be happy. Buddy. If

1119
01:33:39,359 --> 01:33:42,640
you think if you're worried about political instability in this country, now,

1120
01:33:44,439 --> 01:33:50,199
just wait. Donald Trump's legacy will be torn out of

1121
01:33:50,239 --> 01:33:55,640
his hands and destroyed in front of him if he

1122
01:33:55,680 --> 01:34:01,039
does not catch this, unless somebody gets out in front

1123
01:34:01,079 --> 01:34:03,439
of this. Because again, we don't know when debt bombs

1124
01:34:03,439 --> 01:34:07,720
are going to go off. That's the problem with financial

1125
01:34:07,720 --> 01:34:10,760
crisis is they never come exactly when you plan for them,

1126
01:34:11,279 --> 01:34:14,640
but you can plan that they're coming. These guys are

1127
01:34:14,640 --> 01:34:19,159
clearly planning. So unless somebody in the administration gets ahead

1128
01:34:19,159 --> 01:34:23,399
of this, it's going to be a fucking disaster. And

1129
01:34:23,439 --> 01:34:29,199
these people want it to be a disaster because then

1130
01:34:29,239 --> 01:34:31,680
you can't stop them. The reason that the fucking left

1131
01:34:31,720 --> 01:34:33,600
can't stop what Donald Trump is doing is because he

1132
01:34:33,680 --> 01:34:38,319
is basically a disaster for them, just chaos. There's nothing

1133
01:34:38,319 --> 01:34:42,279
that they can sink their teeth into. The exact same

1134
01:34:42,279 --> 01:34:45,359
thing will happen but against him. All of the enemies

1135
01:34:45,359 --> 01:34:48,000
that tried to keep him out of office. Well they just

1136
01:34:48,039 --> 01:34:51,199
got a big, huge, fucking payday. And if you control,

1137
01:34:51,439 --> 01:35:00,159
just ask the lovely people in Canada about how Chinese

1138
01:35:02,000 --> 01:35:08,439
citizens owning large amounts of their residential property has now

1139
01:35:08,520 --> 01:35:14,840
manipulated their local voting to wear fucking foreign nationals and

1140
01:35:15,039 --> 01:35:19,840
literal CCP operatives are in the fucking Canadian Parliament now

1141
01:35:24,039 --> 01:35:27,319
getting a hold of this is not just the right

1142
01:35:27,359 --> 01:35:31,000
thing to do, not just the right thing to do

1143
01:35:31,039 --> 01:35:34,239
for Donald Trump's legacy, not the right thing to do,

1144
01:35:34,359 --> 01:35:40,279
to do right by Americans who honestly, after COVID, after

1145
01:35:40,319 --> 01:35:45,039
Black Lives Matter, after fucking sending all of our money

1146
01:35:45,039 --> 01:35:51,920
to Ukraine, I think we've been pretty patient. But take

1147
01:35:51,920 --> 01:35:58,319
away the American dream from them, and they don't. They

1148
01:35:58,319 --> 01:36:04,279
don't love Donald Trump that much. Talker Carls is not

1149
01:36:04,279 --> 01:36:07,119
gonna be able to keep these people in line. Like

1150
01:36:07,279 --> 01:36:12,880
you have a fucking problem. I mean, you could be

1151
01:36:12,880 --> 01:36:21,640
a political retard and this would fucking cry out and

1152
01:36:21,920 --> 01:36:25,680
get you to pay attention to it. Like you could

1153
01:36:25,760 --> 01:36:28,319
be the most politically and up human being alive and

1154
01:36:28,439 --> 01:36:32,520
know that this is a serious problem.

1155
01:36:33,159 --> 01:36:35,680
Speaker 1: So I think I think most people can listen to

1156
01:36:35,720 --> 01:36:40,199
everything you said the and and understand why this this

1157
01:36:40,239 --> 01:36:42,920
can cause an apocalypse. I think some people would have

1158
01:36:43,079 --> 01:36:47,159
questions about the four bear uh, the forbearance from COVID.

1159
01:36:47,560 --> 01:36:50,079
So I did some digging while you were talking, and

1160
01:36:50,119 --> 01:36:56,199
it looks like there are still it's not as many

1161
01:36:56,239 --> 01:36:59,800
as as there were, but there's still a hundred and

1162
01:36:59,800 --> 01:37:04,159
ten thousand people, one hundred and ten thousand homes that

1163
01:37:04,239 --> 01:37:08,640
are in forbear that are in forbearance and they're looking

1164
01:37:08,720 --> 01:37:12,680
at and it's still going into twenty twenty five. So

1165
01:37:12,720 --> 01:37:15,560
that's just the federal programs, right, Yeah, I think this

1166
01:37:15,680 --> 01:37:17,760
is just a federal programs, not the state. Yeah, this

1167
01:37:17,800 --> 01:37:20,520
is the federal program, not the state. So you know,

1168
01:37:20,600 --> 01:37:25,840
and it shows it shows here, like you know, the

1169
01:37:25,960 --> 01:37:28,439
first thing that says you have to pay a lump

1170
01:37:28,439 --> 01:37:33,279
sum payment of the whole thing or you're going to

1171
01:37:33,359 --> 01:37:36,279
have to go into a short term repayment plan. So

1172
01:37:37,159 --> 01:37:40,319
you're either going to you're either going to end up

1173
01:37:40,399 --> 01:37:43,199
trying to pay off the whole thing, which is four

1174
01:37:43,279 --> 01:37:46,479
years of mortgage payment's good luck to the average American,

1175
01:37:47,720 --> 01:37:50,199
or a repayment plan which is going to be very

1176
01:37:50,239 --> 01:37:54,760
short term, which is basically six I think it's six months.

1177
01:37:54,840 --> 01:37:58,159
You'd have to do it in six months six month payments.

1178
01:37:58,199 --> 01:38:00,760
I don't think most can do that, or you'd have

1179
01:38:00,840 --> 01:38:04,239
to go into loan modification of some sort. And that's

1180
01:38:04,279 --> 01:38:07,039
if they allow it, and you know, think about it,

1181
01:38:07,119 --> 01:38:11,039
that's the key. You're going You're going into loan modification

1182
01:38:11,199 --> 01:38:15,640
at a time when what just a regular mortgage rate

1183
01:38:15,760 --> 01:38:19,279
is what eight nine percent? So what's the modification rate

1184
01:38:19,319 --> 01:38:19,760
going to be.

1185
01:38:23,840 --> 01:38:27,960
Speaker 2: If they decide to. That's what's funny because it's at

1186
01:38:28,000 --> 01:38:29,920
the lenders discretion.

1187
01:38:30,720 --> 01:38:33,520
Speaker 1: It says here right here, because mortgage rate to deal

1188
01:38:33,520 --> 01:38:37,680
with black Rock, Yeah, it says here because mortgage rates

1189
01:38:37,720 --> 01:38:40,319
have gotten up. Lenders don't have a lot of flexibility

1190
01:38:40,319 --> 01:38:44,000
around rates. Some may be willing to extend your your

1191
01:38:44,039 --> 01:38:48,800
loan length. Yeah, this is the FAHA. Last year rolled

1192
01:38:48,840 --> 01:38:54,840
out forty year options for loan modifications. So it says here,

1193
01:38:54,920 --> 01:38:57,399
say your original thirty year loan was two hundred thousand

1194
01:38:57,439 --> 01:39:00,359
and five percent, your monthly principle and interest would be

1195
01:39:00,359 --> 01:39:04,359
one thy seventy four. You could keep They'll allow you

1196
01:39:04,399 --> 01:39:07,159
to keep the same rate, but extend the repayment schedule

1197
01:39:07,239 --> 01:39:11,359
to forty years, dropping your payment to ninety six. So

1198
01:39:11,399 --> 01:39:14,439
Basically you'd have fifty bucks one hundred bucks off a

1199
01:39:14,520 --> 01:39:20,319
year your mortgage, but you'd be given And who's going

1200
01:39:20,359 --> 01:39:22,319
to do for Who's going to do forty years? I

1201
01:39:22,359 --> 01:39:26,319
mean maybe some people, I don't know, but this is

1202
01:39:26,359 --> 01:39:29,920
all a bank is going to agree to do that, Yeah,

1203
01:39:30,119 --> 01:39:36,039
especially if they've made especially if they've made Yeah, if

1204
01:39:36,039 --> 01:39:39,199
they've been colluding with Blackrock or any of the companies

1205
01:39:39,199 --> 01:39:40,640
that you've been mentioning one.

1206
01:39:40,560 --> 01:39:42,199
Speaker 2: Hundred percent, why not just get it right off my

1207
01:39:42,239 --> 01:39:42,840
balance sheet?

1208
01:39:43,720 --> 01:39:46,720
Speaker 1: You know? This was the thing present, you know, this

1209
01:39:46,840 --> 01:39:49,800
was the last thing that brought me out of like libertarianism.

1210
01:39:50,199 --> 01:39:53,479
I was still holding on to like some libertarian ideas

1211
01:39:53,520 --> 01:39:58,119
and like I think June to twenty twenty one, there

1212
01:39:58,199 --> 01:40:01,319
was just like a little bit still there. And then

1213
01:40:02,279 --> 01:40:06,239
our buddy Matt Erickson did an episode talking about Blackrock

1214
01:40:06,319 --> 01:40:09,840
and how basically they could go to the they could

1215
01:40:09,880 --> 01:40:14,319
go to the FED window borrow for nothing and buy

1216
01:40:14,399 --> 01:40:19,079
up private housing. And his question was, what's the libertarian

1217
01:40:19,119 --> 01:40:25,079
answer to that? And the state, bro, Yeah, you don't.

1218
01:40:28,000 --> 01:40:37,319
Speaker 2: You don't have any options in this other than the state. Right,

1219
01:40:37,399 --> 01:40:42,239
you have hostile foreign actors because that's what they are, right,

1220
01:40:42,359 --> 01:40:44,720
You know that Blackrock document. I just read to you

1221
01:40:46,159 --> 01:40:49,840
all of those people that wrote that at the black

1222
01:40:49,920 --> 01:40:55,039
Rock Investment Institute, wouldn't you know it? Besides being from

1223
01:40:55,079 --> 01:41:03,279
the same tribe and ethno religious persuasion, they're all BIS

1224
01:41:03,439 --> 01:41:08,439
Bank of International Settlements alumni or European Central Bank alumni,

1225
01:41:10,600 --> 01:41:13,359
every single one. What was the odds? You have four

1226
01:41:14,239 --> 01:41:21,920
people Elga Barshe gene Bovin, bi v I, n Stanley

1227
01:41:22,079 --> 01:41:31,279
Fisher and Philip Hildebrand, every single one of them the

1228
01:41:31,359 --> 01:41:40,640
European banker, European Central banker. Kind of like how NATO

1229
01:41:40,800 --> 01:41:48,439
is talking about fortifying Greenland against Donald Trump. That's strange,

1230
01:41:48,680 --> 01:41:52,600
Like these are hostile foreign people pushing. If you look

1231
01:41:52,600 --> 01:41:57,159
at Vanguard's ownership, none of it's in the US. So

1232
01:41:57,199 --> 01:42:04,640
the thing that manages of an American's retirement income, between

1233
01:42:04,640 --> 01:42:06,840
black Rock and Bandguard, I'd say it's ninety five percent

1234
01:42:11,600 --> 01:42:18,239
are controlled or owned entirely like Vanguard, by people that

1235
01:42:18,319 --> 01:42:21,960
are clearly hostile. Because if you say that Donald Trump

1236
01:42:22,079 --> 01:42:28,239
was elected with a broad popular mandate, that means that

1237
01:42:28,319 --> 01:42:36,640
these people are foreign enemies. They come from a different

1238
01:42:36,640 --> 01:42:44,439
place and they view the agenda that Americans elected as

1239
01:42:44,880 --> 01:42:51,720
an enemy. So that means these people have basically declared

1240
01:42:51,840 --> 01:42:56,720
war against you know, two thirds of the American population.

1241
01:43:00,039 --> 01:43:04,000
These are not friends. Black Rock is not an American company,

1242
01:43:04,960 --> 01:43:06,560
clearly as we can.

1243
01:43:06,439 --> 01:43:11,880
Speaker 1: See, allowing Internet, allowing globalist business. I mean this is literally, Hey,

1244
01:43:12,000 --> 01:43:14,199
why don't we just invite a bunch of Indians in

1245
01:43:14,319 --> 01:43:17,640
to be our doctors? Oh wait, that's how we got

1246
01:43:17,640 --> 01:43:24,039
the opiod crisis. Oh that's yeah, wonderful. And people still don't.

1247
01:43:24,800 --> 01:43:28,079
People still want to argue. No, you know, you keep

1248
01:43:28,119 --> 01:43:31,239
prices down if you do, if you're just looking for

1249
01:43:31,319 --> 01:43:34,199
the best people around the world, if you're doing business

1250
01:43:34,199 --> 01:43:37,680
where you can't even make a pencil unless you're oh

1251
01:43:37,760 --> 01:43:42,680
fuck you, fuck you and your eyepencil. Bullshit, Let's just

1252
01:43:42,880 --> 01:43:45,000
how about we just buy the Why don't Why don't

1253
01:43:45,039 --> 01:43:47,560
we let someone else fucking make the pencil and we

1254
01:43:47,600 --> 01:43:51,359
buy it from them. We don't have to fucking deal.

1255
01:43:51,399 --> 01:43:54,439
We don't have to deal with ten twenty thirty different

1256
01:43:54,439 --> 01:43:58,680
countries to make a fucking pencil. This is fucking bullshit.

1257
01:43:59,560 --> 01:44:05,439
Speaker 2: They need you too, though, because you need to support

1258
01:44:05,520 --> 01:44:12,319
those other countries. Because in globalization, the producers lose, right,

1259
01:44:13,920 --> 01:44:18,520
because I now have to compete with producers in China

1260
01:44:18,800 --> 01:44:24,399
that are getting state backing right state subsidies. This is

1261
01:44:24,399 --> 01:44:30,159
the other problem with libertarianism. If you lived on an

1262
01:44:30,199 --> 01:44:34,359
asteroid or on the moon, where you were the only

1263
01:44:34,399 --> 01:44:40,560
country of the moon, then okay. But if you live

1264
01:44:40,560 --> 01:44:47,119
in a nation surrounded by other nations, you're going to

1265
01:44:47,199 --> 01:44:52,800
end all the states. Bro, No you're not. So you're

1266
01:44:52,800 --> 01:44:56,600
going to be there with your free market thuish economics,

1267
01:44:59,079 --> 01:45:08,520
preaching free markets, free marketeering as every other nation uses

1268
01:45:09,079 --> 01:45:14,880
the state to bolster its industry to hurt yours.

1269
01:45:16,640 --> 01:45:19,039
Speaker 1: Isn't that kind of like when said when you're preaching

1270
01:45:19,119 --> 01:45:23,319
individualism and you say you're an individual, bro, you're while

1271
01:45:24,119 --> 01:45:28,359
other groups are being collective and collectivizing power.

1272
01:45:29,399 --> 01:45:33,880
Speaker 2: I mean, how before James lindsay how fucking.

1273
01:45:33,680 --> 01:45:37,439
Speaker 1: Retarded are people? I mean, I used to think this way,

1274
01:45:37,479 --> 01:45:39,800
and I think you, I think you had a pretty

1275
01:45:39,800 --> 01:45:42,840
good you know, you had at least a short libertarian

1276
01:45:43,600 --> 01:45:48,439
You know, it's fucking bullshit. It's all fucking bullshit. It's

1277
01:45:48,600 --> 01:45:51,640
dangerous and and I mean I'm at the point where

1278
01:45:51,680 --> 01:45:56,600
libertarians are fucking dangerous, man, because you've seen so many

1279
01:45:56,640 --> 01:46:02,359
libertarian ideas adopted and then what they do is they go, oh, well,

1280
01:46:02,399 --> 01:46:04,920
this isn't gonna work in reality. So what we'll do

1281
01:46:05,039 --> 01:46:09,359
is we'll just change We'll keep the name a free market,

1282
01:46:09,640 --> 01:46:12,880
and we'll just make it, you know, turn well, I

1283
01:46:12,880 --> 01:46:15,600
mean shit, In many cases, it's like, yeah, it's a

1284
01:46:15,640 --> 01:46:19,079
free market. Oh but we so we're gonna trade with everyone,

1285
01:46:19,159 --> 01:46:21,920
and you know, we're gonna have open trade and anyone

1286
01:46:21,920 --> 01:46:23,800
can do anything. And it's like, oh, well, but no,

1287
01:46:23,840 --> 01:46:26,079
it's not a free market because they signed a treaty

1288
01:46:26,279 --> 01:46:29,239
and no, it's free market. It's if you believe in

1289
01:46:29,279 --> 01:46:32,359
the free market, you're a globalist. If you believe in

1290
01:46:32,399 --> 01:46:35,239
capital If you believe in capitalism, you're a globalist and

1291
01:46:35,600 --> 01:46:41,600
a fucking story. Fuck you, yeah, fuck you. You cannot

1292
01:46:41,640 --> 01:46:45,640
have a country and do that unless you are Unless

1293
01:46:45,680 --> 01:46:52,319
you are, well, let's see who who trades with everyone,

1294
01:46:52,439 --> 01:46:59,239
who manufactures everyone's things and charge and basically charges people

1295
01:46:59,319 --> 01:47:02,920
and also so it takes imports in but charges tariffs

1296
01:47:03,399 --> 01:47:07,359
both ways, and oh, all of a sudden, in order

1297
01:47:07,399 --> 01:47:09,840
for them to stay, in order for them to do

1298
01:47:09,880 --> 01:47:12,520
the things that they need to do, they become tyrannical.

1299
01:47:12,680 --> 01:47:16,720
I mean, what China am I talking about? China? It's

1300
01:47:16,760 --> 01:47:18,920
really the only way you'd be able to even pull

1301
01:47:18,920 --> 01:47:21,680
that off. But they don't do free market they don't.

1302
01:47:21,840 --> 01:47:25,119
They're not a free market economy. Yet they're kicking our

1303
01:47:25,199 --> 01:47:27,880
ass in everything economic.

1304
01:47:29,079 --> 01:47:39,920
Speaker 2: Because libertarians are over here basically inserting communists bullshit, because

1305
01:47:40,000 --> 01:47:42,960
I'm sorry, who are all the founders of libertarianism? It

1306
01:47:43,000 --> 01:47:44,319
took me a long time to figure it out.

1307
01:47:45,720 --> 01:47:51,000
Speaker 1: It's you know this every fucking single time, right.

1308
01:47:51,239 --> 01:47:56,239
Speaker 2: Because do you know in a total free market economy,

1309
01:47:56,359 --> 01:48:04,159
all right, producers lose because they are competing against every

1310
01:48:04,159 --> 01:48:09,319
other producer in the world. Right, So that means there

1311
01:48:09,359 --> 01:48:13,680
is no incentive to innovate because eventually it will just

1312
01:48:13,760 --> 01:48:18,199
be stolen from you. Right, There are no moats, there

1313
01:48:18,279 --> 01:48:24,159
is no intellectual property, no trade secrets. You're competing with everyone,

1314
01:48:24,319 --> 01:48:28,239
all against all. So in an all against all, all lose.

1315
01:48:30,279 --> 01:48:30,439
Speaker 3: Right.

1316
01:48:30,439 --> 01:48:33,039
Speaker 2: This is like Peter thiels zero to one. Now you

1317
01:48:33,159 --> 01:48:42,319
run out. Eventually entropy happens, so any value created ends

1318
01:48:42,399 --> 01:48:48,079
up just distributing. It's like literally just dispersing, like heat

1319
01:48:48,159 --> 01:48:53,319
out of a coffee cup. Same thing with labor. Right,

1320
01:48:53,720 --> 01:49:01,520
you are now competing against Bangladeshi's, Somali's in their own

1321
01:49:01,560 --> 01:49:08,359
country or thanks to guys like Vivek in your home country. Right,

1322
01:49:08,439 --> 01:49:12,039
it's a war against all against all. So if producers

1323
01:49:12,159 --> 01:49:21,359
lose and labor loses, who wins? Ah, middlemen win. They're

1324
01:49:21,399 --> 01:49:27,560
the only people that win in a free market global economy,

1325
01:49:28,840 --> 01:49:33,840
right because as producers, industrial producers are racing each other

1326
01:49:34,000 --> 01:49:39,399
to the bottom, right, destroying their profit margins because they

1327
01:49:39,439 --> 01:49:42,880
have to compete. So like, let's say Pete and I

1328
01:49:42,920 --> 01:49:47,560
have two of the identical businesses, right, and one day

1329
01:49:47,600 --> 01:49:51,399
Pete wakes up and he sees that I've lowered my

1330
01:49:51,479 --> 01:49:57,079
prices ten percent. Well, I've just put a bit of

1331
01:49:57,159 --> 01:50:01,199
game theory in Pete's lap. He could stay where he

1332
01:50:01,319 --> 01:50:06,560
is at with his prices or and go out of

1333
01:50:06,600 --> 01:50:16,319
business right die. Or he can lower his prices fifteen percent. Well,

1334
01:50:16,359 --> 01:50:19,000
then what am I going to do? Now? I have

1335
01:50:19,119 --> 01:50:22,359
the same game theory thrown in my lap. I could

1336
01:50:22,359 --> 01:50:26,960
either a do nothing and slowly lose and go out

1337
01:50:27,000 --> 01:50:31,479
of business, or I can lower my prices twenty percent.

1338
01:50:32,119 --> 01:50:34,920
Then Peter will lower his twenty five percent. I'll have

1339
01:50:35,000 --> 01:50:38,600
to do thirty See where this is going. Same thing

1340
01:50:38,600 --> 01:50:44,800
with labor. So if the producers and the human capital

1341
01:50:46,119 --> 01:50:49,840
are raising each other to the bottom. Who wins, the

1342
01:50:49,880 --> 01:50:57,640
middlemen win, the merchants win, the part of the economy

1343
01:50:57,800 --> 01:51:08,279
that does not innovate and therefore creates no new wealth none.

1344
01:51:09,359 --> 01:51:14,039
So you want to know why innovation is flatlined since

1345
01:51:14,119 --> 01:51:18,600
the seventies, it's right around the time that we went

1346
01:51:18,800 --> 01:51:25,760
full on globalization and free markets. Free markets got inserted

1347
01:51:25,800 --> 01:51:34,880
into conservative rhetoric through Reagan free markets. Adam Smith. Adam

1348
01:51:34,880 --> 01:51:40,079
Smith is a liar. Adam Smith was literally one of

1349
01:51:40,119 --> 01:51:44,479
the very first COVID scientists, one of the first paid

1350
01:51:44,600 --> 01:51:51,880
scientists paid. He's fucking David from Right. He was marketed

1351
01:51:52,239 --> 01:51:55,199
just like David from the guy who's wrong about everything

1352
01:51:55,479 --> 01:51:58,960
and who advocates her policies that oh no, ten years

1353
01:51:59,039 --> 01:52:01,960
later we found out it's a disaster. It wasn't a disaster.

1354
01:52:02,079 --> 01:52:06,800
It was a fucking con. It was a con. Adam

1355
01:52:06,840 --> 01:52:10,479
Smith was a con paid for literally by the same people.

1356
01:52:10,520 --> 01:52:13,279
You should look at anybody who's curious, look up who

1357
01:52:13,319 --> 01:52:17,399
funded Adam Smith, because Frederick List took one look at

1358
01:52:17,399 --> 01:52:23,720
it and goes, that's funny. Why is this guy saying

1359
01:52:23,760 --> 01:52:29,079
that the secret to England's success is this free market economics?

1360
01:52:29,680 --> 01:52:35,039
But wait a second, they only impose those economic policies

1361
01:52:35,079 --> 01:52:41,159
on their colonies. They forced them to have free market economics,

1362
01:52:41,640 --> 01:52:49,239
while England itself has the most protectionist economy in the world. WHOA,

1363
01:52:50,920 --> 01:53:02,079
what a revelation. Fucking conservatives just gullible ass motherfuckers. Man,

1364
01:53:03,000 --> 01:53:05,439
One of these days we have to have all these ideas,

1365
01:53:05,560 --> 01:53:08,520
but they never examine where they came from.

1366
01:53:09,319 --> 01:53:11,520
Speaker 1: One of these days we have to read Friedrich List's

1367
01:53:11,680 --> 01:53:16,640
letters on the American economy. Oh that would be just

1368
01:53:17,680 --> 01:53:20,800
I mean, he just tears it apart. He just he

1369
01:53:20,880 --> 01:53:26,199
explains how, he shows how, you know, manufacture, what happens

1370
01:53:26,279 --> 01:53:31,039
when companies start manufacturing in other countries. And I mean

1371
01:53:31,039 --> 01:53:34,279
he's doing this in what eighteen forty eighteen thirty.

1372
01:53:35,199 --> 01:53:37,319
Speaker 2: He's a nationalist, God forbid.

1373
01:53:38,199 --> 01:53:46,039
Speaker 1: Yeah, I mean it's and his idea is so simple.

1374
01:53:46,119 --> 01:53:49,600
But oh no, no tariffs are going to raise prices

1375
01:53:49,800 --> 01:53:50,479
or anything like that.

1376
01:53:50,600 --> 01:53:58,039
Speaker 2: I mean, well, but they also raise wages retard, they

1377
01:53:58,119 --> 01:54:03,800
raise prices for foreigners. You know what's funny is I

1378
01:54:03,840 --> 01:54:12,800
saw a headline today it said, in anticipation for Trump tariffs,

1379
01:54:13,520 --> 01:54:21,920
the European Union lowers it's tariffs on American automobiles. So

1380
01:54:22,039 --> 01:54:26,960
wait a second, you mean to tell me that as

1381
01:54:27,079 --> 01:54:30,560
conservatives in America are telling me that we need to

1382
01:54:30,600 --> 01:54:34,239
have free market how important free market economics is? Like, oh,

1383
01:54:34,319 --> 01:54:41,159
conservatism means free market. I'm sorry, Bill Crystal, American Enterprise

1384
01:54:41,239 --> 01:54:46,800
Institute funded by Paul Singer, I'm sorry. No, they're not.

1385
01:54:48,600 --> 01:54:55,439
There's nothing conservative about them. Because apparently every nation America

1386
01:54:55,560 --> 01:55:00,359
trades with tariffs are goods, while people like Bill christ Stole,

1387
01:55:00,920 --> 01:55:06,000
the American Enterprise Institute and every fucking conservative pundent fagot

1388
01:55:06,479 --> 01:55:09,439
run around and tell me that we need free markets

1389
01:55:09,479 --> 01:55:13,680
here and we can't have tariffs. You know what it

1390
01:55:13,760 --> 01:55:22,680
is when europe tariffs are goods while we allow European

1391
01:55:22,800 --> 01:55:28,159
cars in America teriff free. This is the reason why

1392
01:55:28,800 --> 01:55:33,880
fucking Ford has to drop every other model except for

1393
01:55:33,880 --> 01:55:35,600
the Ford F one fifty Ford it's going to be

1394
01:55:35,600 --> 01:55:39,479
a truck maker now because a bunch of Europeans convinced

1395
01:55:39,479 --> 01:55:48,720
our fagot fucking room temp IQ legislators that the future

1396
01:55:48,800 --> 01:55:53,000
is electric. No, it's not. Where did you get that idea?

1397
01:55:53,399 --> 01:55:55,880
Where did you get these ideas that you're talking about?

1398
01:55:55,880 --> 01:55:58,159
Did you come up with them yourself? How did you

1399
01:55:58,279 --> 01:56:06,680
arrive at them? Well, so we had Ford sinc I

1400
01:56:06,720 --> 01:56:10,880
don't know forty billion dollars of Capex into electric vehicles

1401
01:56:10,920 --> 01:56:14,720
that up turns out nobody wants, so we just lit

1402
01:56:14,439 --> 01:56:22,840
forty billion dollars on fire. And well, since europe tariffs

1403
01:56:22,840 --> 01:56:26,359
are good, are automobiles and we don't tear iff them

1404
01:56:26,640 --> 01:56:31,840
all these cheap European cars like BMW one series? What

1405
01:56:31,880 --> 01:56:34,560
the fuck is the purpose of owning a goddamn BMW

1406
01:56:34,680 --> 01:56:38,439
or a Mercedes if there is a thirty thousand dollars

1407
01:56:39,039 --> 01:56:42,159
option that I get to see my fucking house cleaner

1408
01:56:43,600 --> 01:56:47,319
leave in the same goddamn type of not type of car,

1409
01:56:47,399 --> 01:56:56,439
but manufacturer of car as in my driveway. The reason

1410
01:56:56,800 --> 01:56:59,840
why the Mustang is going to go away. America can't

1411
01:56:59,840 --> 01:57:10,800
have Mustangs anymore is because Ford can't make cars anymore.

1412
01:57:12,239 --> 01:57:18,920
Because Honda, Hyundai, name a European car is allowed in

1413
01:57:18,960 --> 01:57:22,319
this country for free, and Ford is not allowed to

1414
01:57:22,359 --> 01:57:26,640
take their cars anywhere without paying that minimum of twenty

1415
01:57:26,680 --> 01:57:32,600
five percent tariff. Well, that defeats the whole. If Ford

1416
01:57:32,640 --> 01:57:35,920
became twenty five percent more expensive, they wouldn't be fucking Ford, now,

1417
01:57:35,960 --> 01:57:41,520
would they. Henry Ford didn't make cars that were twenty

1418
01:57:41,520 --> 01:57:46,039
five percent more expensive than everyone else's. You made cheap,

1419
01:57:46,279 --> 01:57:49,079
fun cars that everyone can afford, and now nobody gets

1420
01:57:49,119 --> 01:57:51,720
to have one because you don't get to have a

1421
01:57:51,800 --> 01:57:59,800
Mustang ever again come twenty twenty six, because conservatives were

1422
01:57:59,800 --> 01:58:05,800
two stupid to fucking analyze critically the ideas that fucking

1423
01:58:06,479 --> 01:58:12,680
criminals like Bill Krystal, like Paul Singer of the American

1424
01:58:12,800 --> 01:58:17,279
Enterprise Institute, samely with the Manhattan Institute, the same shit.

1425
01:58:17,359 --> 01:58:22,159
Chris Rufo is telling me, I don't get to have

1426
01:58:22,199 --> 01:58:26,880
a Mustang anymore because Chris Rufo's boss, Bill Crystal, psyoped

1427
01:58:26,920 --> 01:58:31,479
conservatives to think that free market economics is a good thing,

1428
01:58:32,000 --> 01:58:35,000
but never bothered to ask if anybody else was playing along,

1429
01:58:36,479 --> 01:58:39,439
because they're dumb and they don't think about anything critically,

1430
01:58:40,840 --> 01:58:42,439
or maybe they do and they just lie to you

1431
01:58:42,479 --> 01:58:47,880
on purpose, equally likely, So now I don't get to

1432
01:58:47,920 --> 01:58:50,239
have a fucking Mustang. My teenage son is never going

1433
01:58:50,319 --> 01:58:52,720
to have a Mustang because by the time he gets one,

1434
01:58:53,079 --> 01:58:55,199
it's gonna be fucking thirty years old and unsafe and

1435
01:58:55,199 --> 01:58:58,520
probably break. So you can't get your kid a Mustang

1436
01:58:58,560 --> 01:59:02,319
in twenty twenty six, because conservatives are fucking dumb. The

1437
01:59:02,359 --> 01:59:06,079
most American car in the history of America isn't going

1438
01:59:06,159 --> 01:59:09,920
to be made anymore because conservatives are so good at conserving.

1439
01:59:14,960 --> 01:59:25,279
Just how is there this many stupid people in charge? Well,

1440
01:59:25,359 --> 01:59:27,479
I think you did say I was going to run.

1441
01:59:28,319 --> 01:59:30,680
Speaker 1: Yeah, I think we should end on that question there,

1442
01:59:30,720 --> 01:59:34,199
because I know you've been talking. You probably don't days

1443
01:59:34,399 --> 01:59:37,119
talkings that I I.

1444
01:59:37,079 --> 01:59:41,560
Speaker 2: Hope everybody enjoys this and some other podcasts that will

1445
01:59:41,560 --> 01:59:43,119
be released in case.

1446
01:59:45,520 --> 01:59:49,479
Speaker 1: Give me five minutes on this. It's home price if

1447
01:59:49,479 --> 01:59:53,560
there are going to be foreclosures, and I mean, is

1448
01:59:53,560 --> 01:59:54,920
that an opportunity for us?

1449
01:59:55,880 --> 01:59:59,239
Speaker 2: Yes? This is actually why I'm upset about this the most,

1450
02:00:01,960 --> 02:00:06,079
because of a demographic reality that couldn't be more welcome.

1451
02:00:08,039 --> 02:00:11,439
The late boomers are the ones that own most of

1452
02:00:11,439 --> 02:00:14,720
the homes in American society because again, they listen to

1453
02:00:14,760 --> 02:00:19,359
conservatives like Bill Crystal and got siopped into a bunch

1454
02:00:19,359 --> 02:00:24,439
of policies that hurt their children and their grandchildren who

1455
02:00:24,520 --> 02:00:27,199
are now minorities in their own fucking high school. But

1456
02:00:28,720 --> 02:00:31,039
they were not able to buy any homes. So, really,

1457
02:00:31,439 --> 02:00:34,479
eighty percent, I think it's either seventy percent or something

1458
02:00:34,479 --> 02:00:38,720
like that of American homes that are in private hands.

1459
02:00:39,039 --> 02:00:40,960
God forbid, it's such a small number, I have to

1460
02:00:41,000 --> 02:00:47,680
demarket it. They're owned by people ages sixty end up.

1461
02:00:49,239 --> 02:00:52,439
A majority of that owned by people that are pushing seventy.

1462
02:00:54,319 --> 02:00:58,399
So the thing about seventy x year olds is that

1463
02:00:58,439 --> 02:01:02,199
they die. So in twenty twenty three, twenty twenty four,

1464
02:01:03,520 --> 02:01:06,159
the thirty percent of the late boomers. There's really two

1465
02:01:06,159 --> 02:01:08,600
boomer generations, right, there's the guys that are in there,

1466
02:01:08,760 --> 02:01:11,399
you know, early sixties, and the guys that are in

1467
02:01:11,439 --> 02:01:17,720
their mid seventies. They're base two different psychologies really, but

1468
02:01:17,840 --> 02:01:22,079
the late stage boomers, all right, we were down thirty

1469
02:01:22,119 --> 02:01:27,319
percent already and we lose roughly between eight and ten

1470
02:01:27,399 --> 02:01:30,880
percent a year. So that means from twenty twenty four,

1471
02:01:31,000 --> 02:01:33,279
twenty twenty five, twenty six, like we're starting to crack

1472
02:01:33,319 --> 02:01:38,800
that fifty percent margin, right, And who owns Sorry, none

1473
02:01:38,840 --> 02:01:42,560
of the I'm sorry to Chris Rufo's illegal immigrant wife

1474
02:01:42,760 --> 02:01:51,880
and anchor baby children, the newcomers to America that are

1475
02:01:51,880 --> 02:01:58,560
soon to be you know, levers of America. Vivek Ramaswami,

1476
02:01:58,560 --> 02:02:05,840
anchor baby. These guys didn't have time to accumulate enough

1477
02:02:05,840 --> 02:02:10,520
capital intergenerationally, right, So most of the buyers of homes

1478
02:02:12,279 --> 02:02:14,399
are going to be people that either inherited a home

1479
02:02:14,439 --> 02:02:19,000
and sold it or people that inherited some money. Right,

1480
02:02:19,079 --> 02:02:24,079
So I e. White American people, right, Millennials, gen Xers,

1481
02:02:25,520 --> 02:02:29,239
and even some zoomers. But this represents a problem because

1482
02:02:29,239 --> 02:02:34,159
there's a generational demographic that isn't immediately apparent. Right. So

1483
02:02:34,319 --> 02:02:38,079
if I look at the census data, it tells me

1484
02:02:38,119 --> 02:02:42,640
that there's roughly the same amount of millennials as there

1485
02:02:42,640 --> 02:02:45,600
are gen xers as there are boomers. But that's not

1486
02:02:45,720 --> 02:02:50,000
true because if I go and I shake that data

1487
02:02:50,000 --> 02:02:52,720
a little bit and find out how many of those

1488
02:02:52,800 --> 02:03:01,920
millennials are grandchildren of Americans at least two generations, three generations,

1489
02:03:02,840 --> 02:03:05,720
well that's a very scary number because then it's like

1490
02:03:05,800 --> 02:03:09,039
one third. So that means there's three times as many

1491
02:03:09,039 --> 02:03:12,640
boomers as there are people like you and me, Pete,

1492
02:03:13,399 --> 02:03:17,840
like white Americans who were born here from parents that

1493
02:03:17,880 --> 02:03:23,359
were probably born here enough time to accumulate intergenerational capital

1494
02:03:23,960 --> 02:03:25,760
that can either be inherited in the form of a

1495
02:03:25,800 --> 02:03:28,720
house or inherited in the form of just a regular inheritance.

1496
02:03:30,199 --> 02:03:33,399
Because housing prices have escalated so rapidly, it's really the

1497
02:03:33,399 --> 02:03:38,279
only shot. So that means that if there's three times

1498
02:03:38,319 --> 02:03:43,640
as many soon to be deceased home sellers as there

1499
02:03:43,680 --> 02:03:47,399
is for every one person that's able to buy them.

1500
02:03:47,520 --> 02:03:51,359
Because yes, some people can get you know, half a

1501
02:03:51,399 --> 02:03:55,600
million dollar a year think tank jobs for writing articles

1502
02:03:55,600 --> 02:04:02,000
to subvert Americans like Chris Rufo. These people can't, right,

1503
02:04:02,119 --> 02:04:04,359
most of these people again, like the purpose of bringing

1504
02:04:04,359 --> 02:04:07,920
in a million h one bs is to lower labor costs. Therefore,

1505
02:04:07,960 --> 02:04:10,920
capital accumulation is kind of just fucking dead in the

1506
02:04:10,960 --> 02:04:14,159
water from get So, it's really going to be people

1507
02:04:14,239 --> 02:04:17,920
like our generation and maybe some of the zoomers. So

1508
02:04:17,960 --> 02:04:21,960
how do you sell three houses to one person? There'll

1509
02:04:22,000 --> 02:04:25,359
be one one person with enough capital to buy our

1510
02:04:25,399 --> 02:04:28,680
generation and three boomer house owners that are going to

1511
02:04:28,800 --> 02:04:32,479
kick the bucket in the next year, two years, three years,

1512
02:04:34,279 --> 02:04:38,560
Well you don't. You can't sell three houses to one person,

1513
02:04:38,680 --> 02:04:44,119
can you, Well not at full price, you can't. So again,

1514
02:04:44,239 --> 02:04:49,399
the artificially created housing prices we're going to correct themselves naturally,

1515
02:04:49,600 --> 02:04:53,880
nice and slowly actually, as boomers die off and liquidity

1516
02:04:54,199 --> 02:04:59,199
slowly enters the market. I eat no crash, right, but

1517
02:04:59,520 --> 02:05:04,159
just a odd suppressive trend. But thanks to these COVID

1518
02:05:04,199 --> 02:05:06,359
policies that I found out were somehow still going on.

1519
02:05:06,760 --> 02:05:08,199
It looks like that situation is going to be a

1520
02:05:08,199 --> 02:05:12,720
little bit more abrupt, but it's the same situation. So

1521
02:05:13,359 --> 02:05:16,039
we were talking about a rapid decrease in asset prices,

1522
02:05:17,199 --> 02:05:20,239
which would give our guys a chance to finally buy

1523
02:05:20,279 --> 02:05:24,920
homes at reasonable prices, because it's not really a crash.

1524
02:05:24,960 --> 02:05:29,640
If I artificially double and then artificially double again the

1525
02:05:29,680 --> 02:05:36,239
price of homes, those houses crashing, you know, sixty seventy

1526
02:05:36,279 --> 02:05:39,039
percent would put them right back to where they were,

1527
02:05:39,279 --> 02:05:44,640
fifty percent whatever, right back where they were in twenty eighteen,

1528
02:05:44,920 --> 02:05:48,960
which was still unreasonably high, but whatever. A lot of

1529
02:05:48,960 --> 02:05:53,079
our guys, if they really tried, could swing twenty eighteen prices.

1530
02:05:54,520 --> 02:06:01,319
But not if they're fucking competing with Blackrock, Blackstone, Progressive

1531
02:06:01,359 --> 02:06:12,000
Properties and innovation homes, not a single one. They can't

1532
02:06:12,039 --> 02:06:17,960
compete with three hundred billion dollars in capital queued up

1533
02:06:17,960 --> 02:06:22,119
and ready to go. They can't compete with banks keeping

1534
02:06:22,159 --> 02:06:25,279
special lists of upwards to fifteen to twenty percent of

1535
02:06:25,279 --> 02:06:29,039
the inventory total set aside for these institutions. With all

1536
02:06:29,079 --> 02:06:35,000
this money, they can't compete in markets where thirty percent

1537
02:06:35,039 --> 02:06:38,079
of the homes are owned by corporate investors for rental

1538
02:06:38,159 --> 02:06:42,560
only forever, they can't compete with another twenty percent of

1539
02:06:42,560 --> 02:06:46,439
that same market owned by foreigners that are using it

1540
02:06:46,439 --> 02:06:48,920
as a bank account and are deliberately keeping the house

1541
02:06:48,960 --> 02:06:53,000
off the market because it's better serving them as a

1542
02:06:53,039 --> 02:06:57,159
bank account than it is serving Americans as a house

1543
02:06:57,600 --> 02:07:02,079
to raise families in. So, if this stuff were magically

1544
02:07:02,119 --> 02:07:06,479
did not happen, if private equity would be brought to

1545
02:07:06,560 --> 02:07:13,279
heal by an executive and some legislation was passed to

1546
02:07:13,359 --> 02:07:22,079
keep foreigners from stashing large amounts of foreign capital, which

1547
02:07:22,159 --> 02:07:26,159
drives up inflation tremendously, by the way it's gonna And again,

1548
02:07:26,199 --> 02:07:30,359
if Trump doesn't get on this shit, when this fucking

1549
02:07:30,399 --> 02:07:34,000
massive financial correction is a debt bomb, it's like it is.

1550
02:07:35,399 --> 02:07:38,039
Literally they wouldn't be trying to shove central bank digital

1551
02:07:38,119 --> 02:07:40,520
currencies down your throat and shit, if they weren't scared

1552
02:07:40,720 --> 02:07:44,760
of a sovereign debt collapse. The Great Reset was literally

1553
02:07:44,800 --> 02:07:50,079
just marketing schmear to cover up sovereign debt default at scale,

1554
02:07:50,079 --> 02:07:52,239
a kind of suicide pack that every ready to buy into.

1555
02:07:52,479 --> 02:07:55,560
So you have to sell the elites. So all that

1556
02:07:55,640 --> 02:08:02,880
Davos bullshit, this is literally all was. When this thing

1557
02:08:02,920 --> 02:08:06,359
goes off, you're gonna have all of the world's capital

1558
02:08:06,720 --> 02:08:11,000
rushing to America shores for safe harbor. So even if

1559
02:08:11,039 --> 02:08:14,760
it's not the houses Pete, we're talking about tens of

1560
02:08:14,800 --> 02:08:19,239
trillions of dollars of very scared money from foreign investors

1561
02:08:19,560 --> 02:08:22,720
and foreign wealthy people that are going to be banging

1562
02:08:23,039 --> 02:08:27,119
down the door to get to America. Right. Trump doesn't

1563
02:08:27,119 --> 02:08:31,199
have to go print ten trillion dollars to fucking destroy

1564
02:08:31,239 --> 02:08:35,039
the economy like Joe Biden. All Trump has to do

1565
02:08:36,880 --> 02:08:40,640
is take his eye off the ball while that capital

1566
02:08:40,720 --> 02:08:45,239
comes rushing onto our shores, and it'll have an even

1567
02:08:45,279 --> 02:08:50,239
worse effect. So unless he stops these foreign soon to

1568
02:08:50,279 --> 02:08:57,000
be flight capital dollars from pouring into American markets, American

1569
02:08:57,079 --> 02:09:02,000
real estate markets has been doing basically all the privately

1570
02:09:02,039 --> 02:09:06,479
owned by foreign national houses. These are just the fucking investors,

1571
02:09:06,520 --> 02:09:09,199
the foreign investors that are ahead of the curve. They

1572
02:09:09,279 --> 02:09:12,439
know what's happening, so they're trying to get as much

1573
02:09:12,479 --> 02:09:15,359
money into the US as possible, which is why the

1574
02:09:15,479 --> 02:09:18,720
number of homes, single family homes owned by foreign nationals

1575
02:09:19,640 --> 02:09:25,560
has tripled in the last thirty six months. What do

1576
02:09:25,560 --> 02:09:27,239
you think it's going to happen when the party starts?

1577
02:09:27,239 --> 02:09:30,039
For real, It's going to be a disaster.

1578
02:09:36,399 --> 02:09:39,920
Speaker 1: That's ends it right there, I think so. All right, man,

1579
02:09:41,079 --> 02:09:44,000
always good to talk to you. Until the next time.

1580
02:09:44,359 --> 02:09:46,880
Speaker 2: To one of these days I have to come on

1581
02:09:46,920 --> 02:09:48,319
and actually talk about something positive.

1582
02:09:49,720 --> 02:09:52,279
Speaker 1: Oh I floated in an ideity the other day if

1583
02:09:52,319 --> 02:09:55,000
you remembered, and that might be a good ones. Yeah,

1584
02:09:55,079 --> 02:09:57,159
that might be a good one to do. Have you

1585
02:09:57,239 --> 02:09:58,800
what was the last time you read that? When was

1586
02:09:58,800 --> 02:10:02,600
the last time you read this? It's probably been a

1587
02:10:02,640 --> 02:10:07,079
while to eight years ago. Yeah, yeah, go back over him.

1588
02:10:07,079 --> 02:10:12,000
It's just truly remarkable. Really, Yeah, it's something the best

1589
02:10:12,039 --> 02:10:17,199
stuff I'm doing tonight, Okay, the best stuff? All right, man,

1590
02:10:17,399 --> 02:10:18,039
talk to you later.

1591
02:10:18,399 --> 02:10:38,880
Speaker 2: Dogs. Letter by