Tightening the grip, the Federal Reserve is poised to spike inflation by increasing the discount rate. With unemployment figures having come in too high, they simply released new numbers revealing a spike in employment. With inflation too high, they simply release new numbers omitting the most egregious of spikes. There are no numbers of course, it is all a mirage. Much like CoVid cases, deaths, and vaccinations. Do you really believe the vaccination rates are viable knowing the case count and death count were manipulated?
But the emphasis is obvious, put more squeeze on the commoner so that purchasing a home becomes untenable. Thereby hustling the Agenda 2030 stipulation that no one will own anything because ownership is evil…
So who will own all the homes?
Apparently Wall Street and the Banking Cartel. Since 2020, the Federal Reserve ownership of mortgage backed securities has spiked roughly 300% according to Bank of America. Buying up homes, hedge funds offer 20-50% above the ask in order to squeeze out the typical family purchasers.
Vacancy rates in the rental market are tight. Wiping out the middle income homebuyer would be the focus. Once that is achieved, banks will begin to forge their tentacles on personal mortgages and property tax rates. While the Treasury Secretary and Janet Yellen concur that raising interest rates won’t really increase inflation, the absolute contrived lie is beyond basic economics 101! The Cartel wants inflation – they are causing inflation – and inflation sucks Americans dry.
But it isn’t merely a US schematic, the UK and Canada are seemingly leading the pack with Bojo and Trudeau well entrenched in their Cabal gamemanship.
Canada’s conservative MP is alarmed that fast paced housing prices and gas prices are fueling an economic crisis. Beginning in 2020, the Bank of Canada began pushing billions of CMB’s on the market fueling a buying spree of homes. These mortgage bonds are then pooled and sold to the government. Hence the Canadian government now owns your mortgage.
Can the governments then issue and EO declaring all interest rates will be pooled 3% to 6% higher as a global rate?
In Toronto, a real estate developer has proposed buying $1 billion of existing single family residential homes in order to convert them into rental housing. Of course the developer claims he is doing a service to the economy because middle income home buyers are squeezed out, so this will provide them with the ability to ‘rent a home’. At ever increasing monthly pricing.
Still, across the country a housing shortage is claimed with developments eating up available land, tap fees, and property tax bounties. So far, I have been given notice of another property tax increase, a proposed electric increase, and a proposed residential gas increase this year – to take effect in 2022. The concept? To make home ownership less and less affordable.
In the UK it is estimated that a shortfall of 1.2 million homes has created an existential crisis. With home prices surging, the market only inflates prices more resulting in more and more people moving out of cities in search of affordable housing. For the UK it isn’t just about moving out of cities, for many it is moving out of the country. The heady crime and protests have helped to fuel that mass exodus – all perfectly planned and executed.
A time table emerges.
When Jimmy Carter was president, inflation spiked from 4.9% to 12.5% in 4 short years. The economy hit a massive recession. Interest rates spike over 20%. Housing market collapsed. Carter became known as one of the all time worst presidents in history. Carter played a part. While pretending to be a moderate Democrat, his policies then and afterward all suggested a socialist wolf in disguise. While pronouncing his support for smaller government, he created new agencies. He instituted price controls similar to FDR. He was a staunch supporter of the UN, the most corrupt, socialist organization in the world.
The policies enacted by Biden are obvious behind the scene enactments, their verbiage complex legal edifications that are so nauseatingly cumbersome to read that few do, less than few in Congress.
As I recall, Ben Carson is and was the ONLY person who actually read the Obama Care Ripoff for All Act – over 2700 pages which evolves into over 20,000 pages when the rules and regulations are defined. Congress votes for Bills they have never read, will never read, and don’t care because they tow the line based on what they have been told to do.
There is likely less that a dozen left who are free of blackmail.
All this being said, the Global Housing Market is another CoVid Emergency, run by, manipulated by, caused by, the Cabal to further divide wealth and completely eliminate the middle and lesser high income deviations.
I anticipate an Executive Order in the near future targeting individual mortgages…