Posted On: Wednesday - June 16th 2021 8:58PM MST
In Topics:   Global Financial Stupidity  Globalists  Economics  The Future  Big-Biz Stupidity
As The Alarmist, one of our frequent Peak Stupidity commenters has explained here, that seems to be the future that the Globalists have planned for us... not them, but just us. Alarmist says, "In 2030, you will own nothing, you will rent what you need, and you will be happy."
Along these lines, comes the deal with the Big Biz financial company BlackRock buying up large numbers of houses in this country. Are they the reason prices are going up rather than just increasing inflation and people's search for assets that won't be destroyed by the FED, as we speculated* in our recent post The current real estate boom as prepping for inflation?
Via an unz.com commenter, I came across the great video below, from an outfit called "Trader University". I have no idea if that organization is just a scam, but this Matthew Kratter sure seems to have his head screwed on straight with his explanation of what BlackRock is up to. The big point DOES have to do with the FED, in fact, as BlackRock has access to the cheap money, while the rest of us only have access to the fairly cheap money. They can come out ahead over the small-time, hard working landlords.
Besides this unfair finance shenanigans, a big problem with Big-Biz being Big Landlord is the dealing with and uncaring bureaucracy by renters. Oh, and BlackRock doesn't have to live anywhere near these neighborhoods, so Section 8 folks, you are very welcome! That's some bad news for anyone in one of these neighborhoods. The Globalists could give a rat's ass about that. Section 8 is just another Feral Government program that Big Biz such as BlackRock can work in harmony with.
I thought it was worth my time to go through the 10 minutes here. One last thing, and it's the last part of the video: This Mr. Kratter touts Bitcoin at the end to offer a solution out of this Global Financial Stupidity. However, he had nary a word to say about gold and silver. I understand the, well, I don't want to write "value" of bitcoin, but it's usefulness. I just don't see it as a store of value as gold and silver are. Perhaps that's just the new generation gap for ya'.
For one of these young people, I didn't find his voice too soi-boy-like to listen to either.
* Get it, "speculated" as in Real Estate?