The Pete Quiñones Show - Episode 1172: BlackRock and the Housing Apocalypse w/ Stormy Waters

Episode Date: February 9, 2025

131 MinutesPG-13Stormy Waters is a managing partner of a venture capital firm.Stormy discusses how a number of things are coming together to cause an unavoidable housing catastrophe that will force most Americans to rent.Stormy's Twitter AccountPete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

Ready for huge savings, we'll mark your calendars from November 28th to 30th because the Liddle Newbridge Warehouse Sale is back. We're talking thousands of your favourite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle New Bridge Warehouse Sale, 28th to 30th of November. Liddle, more to value. You catch them in the corner of your eye, distinctive by design. They move you, even before you drive.

The new Cooper plugin hybrid range. For Mentor, Leon, and Terramar. Now with flexible PCP finance and trade-in boosters of up to 2,000 euro. Search Coopera and discover our latest offers. Coopera. Design that moves. Finance provided by way of higher purchase agreement from Volkswagen Financial Services, Arland Limited, subject to lending criteria. Terms and conditions apply.

Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Great to see you back at Speck Savers. Okay. Could you read out the letters on the wall for me? Yep. D-E-A-L-S? Yeah, D-E-A-L-S. Deals. Oh, right. Yes, our Black Friday deals are I catching. But the letter chart's over here. Oh, sorry. At Speck Savers, we've got all sorts of unmissable Black Friday deals. Like up to 70 euro off one pair of designer glasses. Offer ends on 7th of December 2025. Conditions apply.

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Welcome back, everyone. Stormy's back. How you doing all right, man? Happy for having me. I appreciate it. Oh, yeah, yeah. Yeah, no problem at all. No problem at all.

I think this was one of those ones where you were ranting about something. And I was like, yeah, I need to get Stormy to come on and, and rant about this. So I don't know. I don't even remember what it was because you rant about a lot of things. Was this about housing? Yes. Yes, it's about housing. So, um, well, we're, yeah, this is, this is, this is an interesting one because

as somebody who's been looking at houses lately, it's, um, The market is really, really, really weird right now. Yeah. So I've been getting, so like our real estate, my eye into real estate is always going to be there. Like, so the first tech company I started was actually like a real estate tech company. And it basically sprung out of, you know, just real estate investing me and my best friend were doing. and you know you get tired of putting real estate agents kids through college gets poor it gets upsetting so uh because like you do all this work and then you know some guy shows up

puts a sign in your yard dodges your fucking phone calls for three months and then comes and 's like yeah give me that check and you're just like I hate you and you do it enough times you like you want to what I'm gonna do I'm gonna do I'm gonna do I'm gonna get whatever licenses I need to just to not have to see you again. And one of the requirements was you have to have an office or whatever. So you get an office. Well, I mean, let's let's just stop and say this real quick. Anyone who's never bought a house, like who's got a mortgage does, has never sat down at a table with six people whose hands are in the pie. Exactly. That is exactly the thing that we tried to automate away. Yeah, people just don't get that bit.

Like you all that, all the closing costs, you're not going to like one place. It's being scattered. And really something needs to be that needs to be, it needs to be stopped. Yeah, I won't go into too much about how we did what we did or else, you know, it would get real doxy real quick. But, um, yeah. basically that's the thing is that all of these various parties there's six parties in total and this is why the process takes so anyways long story short like kids would show up and say hey can i be a real estate agent and we'd be like no that's not what we do here and they would be like but your sign and like yeah i know like we just work on our own deals that's it then some kids would stick around and eventually accidentally hired on some software developers that

that automated a lot of the work that the other worker bees were doing. And that's how you accidentally start a software company. So I've kind of been stuck to real estate ever since. It's like something that interests me a lot. And it's something I follow. And it's something I have a lot of friends still in. And it was the friends that are still in the business that raised the alarm bells for me. So I had a friend call me and, you know, basically COVID broke her.

She's a really large broker in Tampa. Total like red pill mom story to now like, you know, she went from like not caring about anything and not to now looking into everything. So she had a bunch of free court. a bunch of foreclosures or pre-foreclosures from a local bank. And she noticed that when, as soon as she put them on in the market, or listed them, they basically would get bombarded with like, literally like dozens of offers within maybe an hour, two hours of listing, which was really strange. because she would, you know, when the listings would go up,

real estate agents are fucking losers for the most part. Let's be real. Like these people, you know, they're at the bar by like 4 p.m. So if like things go up at like 8, 9 o'clock at night, and all of a sudden by like 10 o'clock, you're getting bombarded with offers, all from LLCs. and it'd be like five, 10 LLCs, and then the next one would go up and within an hour. You know, now it's 14 LLCs, but some of the LLCs are the same as last time.

And then again and again and again. To a point where it was like, I think she counted 17 different LLCs for one property. All right. And 24 LLCs for another. All right. So this weirded her out. So thank goodness for Red Pill mom, doing a little digging. Right. And where, what does she say? Yeah. Another one. She called another woman in Phoenix. Like one of her, what you can call it? Part of like a broker network, whatever. And told her about this. And the other woman was like, yeah. So there's, We basically had like all of the recent transactions and they pulled the numbers like 145 LLCs that just recently with this brokerage did a similar type of thing like a block of free pre foreclosures.

And these two ladies, God bless them, ran down each one of those LLCs to find out that they were actually just full. large investment institutions, some names you would know, operating through hundreds of LLCs. And then she went back and did the ones in Tampa. And what do you know? 110 LLCs, same for financial institutions. And that's what she called me. She's like, what does this mean? What's happening. And, you know, really, I think the real problem with the regime is the real, what's the word? The real mistake that they made was, like, the people that you seek to persecute are also the highest value, highest intelligence segment of the population. So, I mean, it's not just me. Like I happen to have a lot of free time because, you know, it worked out that way.

But a lot of the other guys is because they got pushed out of jobs that they should be in. So you push out the highest IQ subset of the population, which is white guys in their 20s and 30s and 40s. You give them infinity time. And then you marginalize them financially to where now they don't care about money. They just care about fuck you. Which is probably like the worst group of enemies you could pick. Like if you have like a decentralized. Ready for huge savings?

We'll mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse sale is back. We're talking thousands of your favorite Liddle items all reduced to clear. Essentials to seasonal must-habs. When the doors open, the deals go fast. Come see for yourself. The Lidl Newbridge Warehouse Sale, 28th to 30th of November. Lidl, more to value. You catch them in the corner of your eye.

Distinctive, by design. They move you, even before you drive. The new Cooper plugin hybrid range. For Mentor, Leon and Teramar. Now with flexible PCP finance and trade-in, boosters of up to 2,000 euro. Search Coopera and discover our latest offers. Coopera. Design that moves.

Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited, trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Great to see you back at Spegg Savers. Okay. Could you read out the letters on the wall for me? Yep. D-E-A-L-S? Yeah, D-E-A-L-S.

Deals. Oh, right. Yes, our Black Friday deals are eye-catching, but the letter charts over here. Oh, sorry. At Spec Savers, we've got all sorts of unmissable Black Friday deals. Like up to 70 euro off one pair of designer glasses. Offer ends on 7th of December 2025. Conditions apply.

Ask in store for details. Operation or a centralized operation that's being run by a small segment of the population. The worst thing you could do is basically get a decentralized group with unlimited time that do this shit for free. And they're also the smartest people in the society. And now they just hate you. Like eventually, whatever fuckery you're up to, like people like me and hundreds of others, thousands of others, are going to find out about it. I use a dumb strategy because this is something that took me two or three hours. and then, you know, a series of phone calls over a couple days.

So what if I told you that three private equity funds and two publicly traded companies have been putting aside large amounts of money to basically catch a real estate crisis that is in large part due to, to policies that they advocated for. One being that mortgage payment moratorium that happened during COVID, I ran that down and wouldn't you know that it was actually Blackstone and BlackRock where that idea came from? The mortgage moratorium, really?

That's interesting. You mean like the DNC people didn't just give that too? us because they wanted people to not go homeless. It will, it turns out they really like it when you're homeless because they can, you know, allocate $80 billion or whatever California spends on not fixing homelessness or whatever. So yeah, it seems that four institutions, probably more, but just the big ones that I caught, are gearing up to kind of instigate slash take advantage of a real estate foreclosure crisis, that they plan on, I mean, right now, as it is right now in this country, 30% of all home sales nationwide aren't to people.

there to investment institutions like BlackRock, like Blackstone, or what's that one, I always forget, Pridium Partners. Pridium Partners owns Progress. It's funny, because they named it Progress. progress homes, I believe, is a company. Oh, sorry, progress residential. And progress residential already owns

hundreds of thousands of single family homes. In 2008 and onward, financial institutions tried this shit. All right. I did well in foreclosures just because I had capital. and knew a bit, but after a couple years, I would notice like, now of a sudden in like the

small counties I would operate in, now I've got like hedge fund bros and private equity bros in like middle of nowhere, Florida land. And now I'm, and these guys really didn't care, right? They would just bid infinity on the dumbest shit. And almost all of them, like, they would try and hold and then flip them, I guess, because, you know, this was like post-tarp bailouts. And if you flood the economy with, you know, $9 trillion, it's not going to stay in the public markets. It's going to bleed out elsewhere. and there's only so many private equity type, private business type investments you can make.

So capital really just ran out of places to go. And all of these guys ended up losing their shirts. Well, they're fun. So their investors lost their shirts. And then they kind of stopped for a while. And then publicly traded companies started doing the same thing in like 2014, 2015, right? Which is Zillow, chief among them. Lost. God, it's got to be like 80, 90 billion dollars doing this dumb shit where they're like, I don't know if you remember Zillow offers.

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you list your house for sale on Zillow, and Zillow would throw you an offer, a cash offer. All right. And what Zillow had done. I don't remember that I must have been, I probably wasn't looking at the market at this. Bro, it was the dumbest idea ever. Because, like, if you know,

real estate is something that sounds like, like you can do algorithmically. But every time you do it, it's one of those things that looks, well, it's like Edward Lawrence. Edward Lawrence, you remember that Jurassic Park,

the Jewish guy that was like, hey, you put a drop of water on your hand, it'll go this way, the chaos theory guy. It's not called chaos theory. It's called nonlinear system dynamics, and it was discovered by a guy

by the name of Edward Lawrence. when he had his 1970s computer at MIT, try and model the weather. He's like, fuck, we have computers now. The weather is at maximum, you know, 10, 15 different variables, like temperature, humidity, air pressure, you know, we should be able to model this.

And every time he did, what he would get would be these crazy, crazy outputs. And this is where you get like a butterfly. and Brazil creates a tornado in Texas. And this is basically the trap that these guys fall into every time they try to algorithmically buy and flip houses at scale. Because it seems like, oh, look, these retards from DIY channel can do this. We could automate this and it'll be great.

Open Door tried the exact same thing, you know, nuked $20 billion. So this time, they just want to turn them into rentals. They literally want to turn America into a renter nation. So right now, 30% of all homes sold in America are going to cock suckers like I just mentioned. You've got Pridium partners. You've got Blackstone. You've got innovation homes and black rock.

And these faggots plan on just sticking renters in them and then filling it full of smart appliances and smart routers and all these fun things to where they can then pipe what you're doing in your house to data brokers to try and subsidize or pad the rent dollars. And they're dumb enough to brag about it in their materials, thankfully. So I could read them and realize how fucking nefarious and evil these men are.

Like Larry Fink, the guy who, through corruption, gets Janet Yellen. to put him on the, you know, basically the Fed prime bank list, right? So why does, like, J.P. Morgan or Goldman Sachs, their large treasury brokers, right? Large treasury dealers. So they get to borrow at the Federal Reserve rate because they have to then buy those treasuries, stick it in their vault, and create a fucking dollar market and basically, you know, create credit for the U.S. But what does Larry Fink do with access to borrowing at the Federal Reserve rate?

Well, what Larry Fink decided to do, well, since I shouldn't be here, and America has given me something that my business isn't in any way entitled to and frankly, should be involved in whatsoever. I'm going to take this magical opportunity that I have to turn America into a nation of renters because it's the largest consumer economy ever. So a house should be no different than a credit card for these people, right? These peasants. So I'm not really an American. I'm a pale settlement Ukrainian guy. So what the fuck does the American dream mean for me? I don't I don't care. I'm a billionaire already. Fuck these people. They don't need to build equity. They don't need to accumulate capital intergenerationally because then they may get political ideas.

And BlackRock has already spun up $60 billion they probably borrowed from the Fed through, thanks to Janet Yellen. right, because, I mean, the way Black Rock's been going, you'd be a fucking retard to give any of those fools any money. But Larry Fink has got $60 billion queued up and ready to go for distressed single-family home purchases. Blackstone, $30 billion queued up.

This is separate. from the single-family home buying they're doing now. Why? What do they see? Well, Black Rock's got 30 billion. Progress Residential currently owns 90,000 homes, single-family homes, the second largest homeowner in America. But by 2025, which would be this year, they, are preparing to increase that number by 312%, which would be about a quarter million single-family homes. And Innovation Homes currently owns... Oh, that was very rude of me. I forgot to put my phone on silent.

Pardon me. Innovation Homes owns about $100,000, but has announced plans to acquire... another 150,000 more, putting them at 300,000, by the end of 2025. So if you only have 100,000 homes and you're the largest, or you have 90,000 homes and you're the second largest, what makes you think, what makes you so sure that you are going to triple in size this year? What makes you think that?

And better yet, what makes innovation homes, predium partners, and their investment vehicle, progress residential, Blackstone and BlackRock, what makes them so fucking sure that they are going to triple or 5x, the amount of single-family homes that they're going to keep, not ever sell, but only rent to Americans. Yeah, well, obviously they're expecting, yeah, obviously they're expecting a, basically a meltdown and people not being able to pay for their, I mean, they're looking at a foreclosure apocalypse on the horizon.

Bingo. Do you know that the COVID mortgage moratorium, the very policy that Black Rock advocated for, let me rephrase that, not advocated. Advocated would mean that they would, you know, petition their legislators the same way a common citizen like you or I could. Let's say what they actually did. They bribed politicians to put in policies like the country. COVID mortgage moratorium. Why would they do that? Because they knew, right, like a rubber band.

If I stretch it out, right, by not allowing these small homes, right, individuals to just foreclose or seek debt relief some other way, by giving all these people just a blanket, you know, You don't have to pay your mortgage because you're distressed. They know that if a person is having trouble paying one mortgage payment, right? But what happens if they get a six-month or a three-month extension? Well, Pete, if they can't pay a $2,000 mortgage, what are they going to do with a $10,000 mortgage payment? It doesn't be easier? No.

They're actually planning. Right? So they did this on purpose. There's no other way to look at it. Because you just don't, you know, well, never mind. Let's put this way. The steps that they have taken already

take at least two years to get in order. So that means, what was that two years ago? That was 2022, about the same time that these policies took effect. So as soon as they took effect, they immediately began preparing for this explosion, this fucking detonation in the American dream. Well, the only reason you would do that is if you knew exactly the outcome that your policies would create at the point in which you were advocating for them. and by advocating, I mean bribing my government to implement.

Or else, if it wasn't the intent, then you would be caught just as off guard and just as surprised as the average person that wakes up and sees the foreclosure crisis playing out on the news. But that's not what you're doing, is it? because you're a fucking monster. You're a menace to my society. So there is 3.7 million single-family homes that took advantage of the COVID mortgage moratorium. Because their businesses got shut down.

It's not that these people fell into arrears because of financial mismanagan. they fell into arrears because faggots like Larry Fink came ready made for COVID. And I'll get into a little bit more of what Larry Fink did because there was a document that I mentioned two or three years ago on Peruvian Bulls podcast, a really, really incriminating document. And when we went back in a recent episode, I think it was like two, months ago. I referenced the document, and he and I both tried to pull it up, only to find that

Larry Fink had hit it. The page where it was supposed to exist was there, but they had taken it down, and it wasn't an archive, it wasn't anywhere. Him and I spent 20 minutes live trying to find this fucking thing. But Adam, from Myth of the 20th century, he's a very smart guy when it comes to computers. retarded. He found it. And boy, is it not an interesting read, but I will leave that to later on. Larry Fink orchestrated most of our COVID response. He and his faggot friends at Davos came ready to each and every one of these governments. Whoa, you don't know how to deal with this virus we released on you? Well, here, we just happen to have a plan.

So this policy came from the man who Janet Yellen also gave the responsibility of administering our COVID relief funds. So wait a second. The same guy who had another proposal for a central bank digital currency that he tried to force down the fed's throat in Jackson Hole. in 2020. The same guy that got Janet Yellen to give him the ability to borrow from the Federal Reserve, which because of COVID was forced to drop interest rates to zero, actually to like, you know, a little bit above zero. But you and I, we didn't get zero interest rates. We got like two or three because the bank, obviously, that is giving us a loan, has to make some money. But Larry Fink got that money for free.

Ready for huge savings? We'll mark your calendars from November 28th to 30th because the Liddle Newbridge Warehouse Sale is back. We're talking thousands of your favorite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself.

The Liddle New Bridge Warehouse Sale, 28th to 30th of November. Liddle, more to value. You catch them in the corner of your eye, Distinctive, by design, they move you, even before you drive. The new Cooper plugin hybrid range for Mentor, Leon and Terramar. Now with flexible PCP finance and trade-in boosters of up to 2,000 euro, search Coopera and discover our latest offers.

Coopera, design that moves. Finance provided by way of higher purchase agreement from Volkswagen Financial Services, Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Great to see you back at Spex Savers. Okay. Could you read out the letters on the wall for me? Yep. D. E.A.L.S. Yeah. D-E-A-L-S. Deals. Oh, right. Yes. Our Black Friday deals are eye-catching. But the letter chart's over here. Oh, sorry. At Speck Savers, we've got all sorts of unmist.

Black Friday deals, like up to 70 euro off one pair of designer glasses. Offer ends on 7th of December 2025. Conditions apply. Ask in store for details. A private equity fund manager, a pension fund manager, the fuck do you need to be at the Fed window for? Why do you deserve to borrow for free? Why do you deserve free money?

Because that's effectively what borrowing at zero interest rates is. Why do you deserve to get this free money? and then you think you have the right to then snatch up Americans' homes and rent them back to them, you fucking worm. Well, what did Larry Fink get famous for? What is Black Rock, like we know the agenda that Black Rock tried to push into our corporations and into our educational institutions. Where did they get the money for that?

where's Larry Fink's $13 trillion of assets come from? Well, that's easy. You. Larry Fink got the bright idea, him and his fucking friends at Vanguard. Looking to who owns Vanguard, it'll take you a little bit. But boy, is it worth it. It's private company. Unfortunately, Vanguard's a little bit trickier.

But you... give Larry Fink his power. Larry Fink's bright ideas was taking all of Americans' retirement savings, right, their pensions, and using them against them. Because like, let's say you're, you know, a teacher and you have your money going to, you know, your pension every single month. And you're a biology teacher. You don't know a lot about the fucking stock market. Nor should you. You're a good person doing what a good person would do, which is, you know, their job

teaching young people about biology. So a portion of your check every month goes into your pension. And Larry Fink stepped in and lobbied the state government to have BlackRock manage that pension. So you think your money is. you know, in, I don't know, a random basket of 20 stocks. Well, they are. But you own those stocks.

And therefore, you get a vote. Every shareholder gets a vote, right? Because you own part of that company. But what Larry Fink did was he took your vote from you, without ever telling you you even had one. And he took all of the, Americans, pension funds, all of the stocks that they owned cumulatively, and he voted their shares for him, for them, sorry. Well, that would give Larry Fink enough shares in pretty much every

major company in America where Larry Fink could snap his fingers and fire any CEO he wanted to, especially because he was colluding illegally with Vanguard to do so and State Street illegally. Because what did they do with these shareholder votes? These fucking pieces of garbage. Well, I don't know. Exxon's an oil company, right? So maybe threatening Exxon firing the CEO. putting in some no joke, not an oil expert person, not anybody that spent any time in energy

whatsoever. But one of these freaks that came out of university, a professional activist with a grievance study degree, a critical analysis degree, critical pedagogy degree, whatever, these fucking fake degrees are for these deranged soulless vessels. Well, maybe firing the CEO who knows a fuck of a lot about energy and oil and replacing it with the retard who only knows about hating certain demographic groups and a bunch of consultant nonsense words to then take Exxon's CapEx, right? There's two types of funds a corporation has.

It's CAPX and OPX. OPEX is what, you know, your operational cost, like what you need to run your business. And CAPX is what you spend trying to expand and grow that business, right? It's like the business investing in itself, to grow itself. Well, you wasting all of Exxon's CAPEX on solar farms and other faggotry that did nothing but lose money because you're a grievance study retard. and a lot of these CEOs are still in place, just because Larry Fink got his ball snipped by Uncle Jamie Diamond and Jerome Powell. A lot of the damage that he's done is still in place. I know fucking

Harley Davidson just got rid of their transvestite-loving, you know, child sodomy enthusiast, CEO that they put in in 2020, but a lot of these corporations did not. Luckily, Exxon is under... Anyways, so you could argue that none of these shareholder votes were in the best interests of the shareholder. If I own a share of Exxon, you replacing the CEO that knows about the fucking energy business with a transvestite sodomite that knows nothing except for gender studies and is just going to listen to what black rock tells her that that may be bad for Exxon and thus bad for shareholders because it was all of these policies that all of these corporations implemented cost the companies hundreds and hundreds of billions of dollars,

which means Larry Fink and his friends at Vanguard and State Street violated their fiduciary obligation. They committed crimes, basically, which is what I'm describing as a crime. So for me to deliberately mismanage your money, or act, because a fiduciary is I promise to act in this person's best interest. And in investment language, it is, I promise that every action I take with your money will be in the best interest of you and your money. Right. And it's a pretty solid legal doctrine with a million billions miles of case law behind it.

So the level at which Larry Fink, his friends at Vanguard and State Street, broke the law and committed crimes, is pretty ironclad. And I'm only just now seeing lawsuits from shareholders to these faggots about it. maybe a, I don't know, an enterprising attorney general and one of our more redder states would take a look into this because I guarantee you your state's pension fund is either now managed by or for a long period of time managed by BlackRock. So that means they have defrauded the state that you are attorney general or an enterprising prosecutor in. So that basically makes every single one of your taxpayers and a grieved party, a victim. So you should look into that because, I mean, literally it's the, this is the most fucking

easy layup case ever, unless, you know, Larry Fink and his lawyers, you know, could somehow argue that a transvestite queer studies major that only like, fucking two years out of college is a better CEO for Exxon than the guy in the energy business for 30 years. I don't know. Maybe that's possible. I doubt it. So back to the other crimes, I guess, that they're in the process of committing because there's 3.7 million people that are on this assistance. And to give you an idea of how hard it is to get off of one of these assistance programs,

Over the last three years, out of the 3.7 million, only 500,000 have been able to get off assistance themselves. There's 2.8 million people right now that cannot resume payment of their mortgage. And there's another half a million that are already delinquent. You catch them in the corner of your eye. Distinctive by design. They move you. Even before you drive, the new Cooper plugin hybrid range. For Mentor, Leon and Terramar, now with flexible PCP finance and trade-in boosters of up to 2000 euro, search Coopera and discover our latest offers. Coopera, design that moves.

Finance provided by way of hire purchase agreement from Volkswagen Financial Services Ireland Limited, subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings? We'll mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse Sale is back.

We're talking thousands of your favourite Liddle items, all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle Newbridge Warehouse Sale, 28th to 30th of November. Little more to value

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With vouchers from Trump Dunebeg Search Trump Ireland Gift Vouchers Trump on Dunbiog Kosh Farage. Or were delinquent when they started this. So that means they have, what is it, three years? Three years of mortgage payments backed up. So let's say your mortgage is, I don't know. Let's say it's an average mortgage is like, what, $2,400, $2,400 bucks?

So we're $2,500 bucks times 36 months. You got $90,000? Well, actually, no, because the compound interest was also accumulating while you're on this mortgage assistance program. So actually, let's just do that reasonably. All the time is not why. Let's say the compound interest. Got 130 grand? Probably not if you had trouble with your $2,000. All right. So they knew this would happen. and they know that whenever this COVID moratorium that was arbitrarily imposed, because Larry Fink and his friends lobbied your government to come shut down your business,

right? And you were forcibly unemployed, not because of any business reasons. Like these people, these people, this is what's most upsetting about it. not the fact that your business plan, like literally what you're pitching investors right now, you fucking scumbags, is how excited you are to turn the 30% of homes in America that are currently corporate rentals right now, you're going to turn that number to 60. In your materials, you are showing investors that you are planning on renter dominance. What is renter dominance? That means more than half of single-family homes in America

are going to be rentals if you and your friends are left up to do what you fucking monsters plan on doing. Honestly, this is worse than the health care episode. I want a Fed post so much more. Like, Describing what these people, particularly these people, are doing, makes me want to yell about all the different ways I would like to murder them. Or I would like to watch them be murdered. But I can't actually go into any of that because I'll probably get the fucking FBI at my door. So you'll just have to use your imagination, dear listener.

Well, this moratorium. It's gross, right? Yeah, but this moratorium. So how many states went past 2021 when they got rid of it? I don't know, but enough for there to be 3 million people in them right now. Yeah. I don't imagine California would be one. Well, California's on a moratorium now because of the fires and everything.

So, I mean, there's moratoriums upon more on top of moratorium. Well, apparently they're starting to be lifted because check this out. This is going to gross you out even more. So remember how I said that 140 firm or 140 fake LLCs? We're really just disguising four homes or sorry, four firms. Yeah. Well, the reason you do that is to hide your market. share, more importantly, avoid regulation. But the real thing that you can do with it is you can

manipulate the local data. What I mean by that is, so let's say, I own a bunch of houses on your street. And I take one of my houses that's, you know, let's say it's the one I'd like the least, or whatever, I don't care. It's empty. And I sell it. I put it up for sale. You know, let's say 20% of what, 20% additional on top of what it's worth. So say if it's worth $200,000, let's say I put it up for $250.

And then I take one of my LLCs and I buy it for $250. I did nothing, basically. I literally swapped it from one hand to the other. But what I just did. did though, whether I do it once or maybe I do it twice depending, is I've just adjusted the comps for that whole neighborhood, right? Because an appraiser goes off of comps, right? Comped sales. So similar sales and usually like a one to three mile radius around the home in the last 90 days. And they use that, those sale values, to appraise and set the value of all the other

homes that have yet to be, that have yet to, you know, list for sale. So what I effectively did was I turned the 10 houses on your street from $200,000 a piece to now $250,000 a piece. I just increased the asset size of my portfolio, 20%. But I can't do that. I can't sell to myself as a person. That won't count. So I would need to do it across multiple LLCs to hide my ownership. right? So let's say I set up three LLCs. That's enough for me to bounce, you know, play the,

play the ball in the cup game with the local appraisers. But they got a lot more than three. All right. So let's just, you know, what is that? 142, we'll just say 140 average across four firms. These firms are using about 30 to 35 LLCs apiece to make it really difficult. But if you have a bunch of shell LLCs that you're buying and selling with, you can effectively steer the property values any which way you want. You can drive them down as you're acquiring. You can drive them back up once you're done acquiring. because let's say for every $100 you spend, right, you spend 75 on buying the houses,

and you put $25 aside for every $100. Right, so you take 25% of your funds and then use that free cash because it's not currently being tied up in deals to just bounce these houses around between each other, between these 35 entities you have, driving the cost or driving the property values of these homes up. And it works the same way with rent. So funny enough, out of all these homes that progressive residential and innovation homes and BlackRock have already purchased, right?

So damn near 90%. Would you be surprised if I told you that they, saw across this 90% of all the homes that they own, they saw a 32% rent increase within a year. How did you manage that? How did you manage to raise the average rent, right? Because rent is usually decided on like a going figure, right? So if a bunch of houses in this area of similar size and shape and quality are rented for, let's say, $2,500. You could put your sign out there for rent $3,000. And you're just not going to get it. And any realtor listing your property for rent for you, any property management company,

is going to list that property for $2,500. Right. Because listing it higher. does no good. So, unless there's a whole bunch of transactions, rental transactions at like $2,600 and $2,700. Ready for huge savings? We'll mark your calendars from November 28 to 30th

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Trump on Dunbiug, Kush Farage. In 2,800, 29, and 3,000. Only when that happens, have you actually changed what, the rental income is for that area. So somehow, miraculously, 90% of the properties they buy the rental prices for their areas miraculously increase one-third. 30, well, this makes it 32% we'll call it 33%, one-third within a year. You know what? That is. Well, that's impossible, unless you're doing crime, unless you're doing fraud. So if it was like 20% of your properties saw a rent increase, 30% within a year,

that would be really good. Like, damn, good move. But 90%? Nah, nigger. I'm sorry. That's not believable. But what markets are they doing this in? Well, this will make you sad.

Okay. So there are these things called, this is funny. Where I jot this down, I want to make sure I have it 100% accurate. Ah, there we go. Red zones. Yes. Okay, so there's this term. called red zones. Red zones are cities or, you know, large towns where the, out of all the

homes, period, not like all the homes for sale, but all the homes in existence in this place. Right. So like L.A. is one of these places. They're a red zone. And a red zone is when corporations investment institutions own 30% or more of all the homes in that place. That's a red zone. So that means one in three roughly houses, single family houses, not multifamily. This is all just single family. When I'm fucking talking apartments and any other fucking, you know, pods they want you to live in. These are homes.

These are where people start families. These are what young couples dream about. This is where kids get their height carved into a notch by the fridge as they grow up. That's what these are. These are homes. Homes are where people live. So one in three homes in L.A. will only ever be rentals. So that means no families will be started. there. Just transient people that can be evicted whenever, right, as innovation homes fills their home full of free smart devices and turns them into a 24-hour data feed to sell to YIP data, you know, one of the largest data brokers. So guess how many red zones there are currently in America?

Actually, guess how many there were in 2020? Red zones? Yeah, where basically towns or cities where corporations own 30% or more of the houses to rent. Six. Wow. How far off am I? It was six in 2020. I just thought about the six biggest cities.

Yep. Oh, I bet. Very. Yeah. Guess what it is now? 75. 47. Oh.

But my friend, both Black Rock, Blackstone, and maybe someone at Pretoria, Prettium,

I can't say that fucking name, right? Pridium partners was nice enough to some me some nice screenshots. Do you know what their internal projections are for 2026? How many red zones they're going to be? I mean, we're already past the six major cities in America. Well, if they're looking at 47, yeah, if they're looking at tripling, then I would say 150. 152 by 2026. All right. So what is 152? What is America's 150? 150.

Most. Okay. All right. So 150. Fort Collins, Colorado, Pembrook, Pines, Florida, Santa Rosa, California, Salem, Oregon, Aurora, Illinois, Eugene, Oregon, Shreveport, Elk Grove, Clarksville, Ontario, California, Mobile, Alabama, Newport News, Virginia, Fort Lauderdale, Chattanooga, Glendale, Akron, Ohio, Temple, Brownsville, Providence, Huntington Beach, Montgomery, Alabama, Vancouver, Washington, Grand Rapids, Michigan, Birmingham, Alabama, Overland Park, Kansas, Knoxville, Tennessee, Oxnard, California, Praioria, Arizona, Augusta, Georgia, Georgia, Grand Prairie, Texas, Tallahassee, Florida, Amarillo, Texas, Little Rock, these are small, like, these are towns. Rochester, New York, Yonkers, Salt Lake, Fayetteville, Des Moines, McKinley, Texas, Modesto, California, Baton Rouge, Louisiana, Tacoma, Washington, Santa Clara, San Bernardino, Cape Coral, Florida, Frisco, Texas, and Huntsville, Alabama. And that's just from 50, or 150 to 50.

We've got, sorry, 150 to 100. I've got a hundred more to go. That's just, you know, a third and keep going. Because that's, I guarantee you this is exactly where they're looking. Exactly. Because that's what I would do, right? If I was a fucking parasite scumbag, rent-seeking

fucking unable to innovate, unable to produce anything of value motherfucker like these people. That's what I would do. Because what else would you do if you're a fucking scumbag piece of shit like Larry Fink?

Right? Unfortunately alive motherfucker like he is. Well, you would go to your bank friends, right? And he would say, hey, Remember 2008 was really bad, right? Just whole blocks of mortgages, just dumping on the market, all these foreclosures hitting the market all the time, just driving the property values to the floor where people were actually able to afford them, mind you. How would you like to keep property values at this artificially inflated level? I mean, you'd say it's not artificially inflated level.

inflated, but I don't know. 20 to 20-22, home prices doubled. Then Joe Biden introduces $16 trillion fucking dollars into the economy. And what do you know? The homes that just doubled in value in two years, which average rate of appreciation is about two and a half, three percent. But somehow miraculously, you're able to pull off another 97 percent in two years. Amazing. right instead of six percent two years we're going to pull down a hundred percent two years you can say that's artificially increased well what happens if you dump 16 trillion dollars in the economy because you're a fucking terrible human being like Joe Biden well then property values are going to double again just because that money poured right into the markets and eventually after every fucking

stock doubled and every private company doubled, well, there's still money to go. What do we do with it? Dump it in the real estate market. Ready for huge savings? We'll mark your calendars from November 28 to 30th because the Liddle Newbridge warehouse sale is back. We're talking thousands of your favorite Liddle items all reduced to clear. From home essentials to seasonal must-habs. When the doors open, the deals go fast. Come see for yourself. The Lidl Newbridge Warehouse Sale, 28th to 30th of November.

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Trump on Doonbiog, Kush Faragea. And property values doubled again. So from 2020 or 2019, property values doubled. And then that doubled number doubles again. So property prices are artificially high. Buy a lot. So banks, would you like to keep it like this? Because you got all these foreclosures,

I know that they're happening because I'm using AI to monitor second by second. Every single delinquency in taxes, every delinquency in payment for mortgages, is, what these people spend on their credit cards. Oh, yeah. Like, they'll brag in their investor materials about all the spying they're doing on you just so they can make sure the second it looks like you may not be able to make your payment. Well, they're going to tell the bank that owns your mortgage, hey, could you put this guy aside for us? Which again, is fucking a illegal because you would be amazed, right?

Banks not wanting to do shit that's illegal. They were cool with it. They're like, yeah, we'll do something illegal for you. We'll do this stuff called, I mean, it's called shadow inventory, but what it is is illegal inventory. And right now, about 15% of all the, mortgages in America, I can't remember it was all the delinquent ones or not, I've had to do a lot of talking today. So my brain is on the last bit of juice it has. But anyways, whether it's 15% of all

the mortgages that the bank holds, or whether it's 15% of the delinquent ones, I can't remember, but they're being held separately for institutional purchasers. because Larry Fink and his faggot friends went to these banks and say, hey, wouldn't it be better instead of a bunch of foreclosures hitting the market all at once and decimating property prices? Wouldn't it just be better if we bought them silently, secretively from you in big old blocks and they never hit the market? So they never have a chance to fuck up property prices.

Because we've got 150 LLCs that we're going to do some more crime with. And we're going to jack those property values up anyways, because we need to jack the property values up so we can jack the rents up. So don't worry. Like, we don't care if we're paying full price for it. It's not our money. Larry Fink's still borrowing fucking from the Federal Reserve for free. Well, now less than free. But Nira's makes no difference free. Right? If the interest rate is like three or four or five percent, inflation's five percent. Right. So real interest rates are zero at the Fed rate for Larry Fink, interest rates are zero. So they don't care if they pay this inflated price for it because they've full on planned to jack it up even further.

They've already got each one of them about 40 LLCs to do the fuckery with. So that's what these guys are planning right now. And I would bet, I don't know, you can't keep. heap, what was it, 80 billion, just for Blackstone? Not even BlackRock. Blackstone's smaller by quite a bit. So if they got 80 billion, God knows how much Larry Fink has. And I mean, let's take, let's take progressive, uh, residences. I can't, I always forget. I'm running on fumes today. You got innovation homes and progressive residential. These guys, I mean, what is innovation homes market cap?

It's a publicly trading company. Tell me how much a hundred and fifty thousand American single family homes that you've turned into fucking rent farms. Tell me what that equals in dollars. Innovation homes. What's the stock price? Okay. That's $32 a share, not bad. Market cap, $19 billion.

$19 billion is how much $150,000 rent farms is. $150,000 murdered American dreams, $150,000 things that shouldn't exist are worth. Roughly, nearly this makes no difference, $19 billion. So you tell me that you're going to triple in size. you're going to buy what hundred and 150,000 that's what? 450,000? 450,000, half a million American homes.

All right. So that you're going to need another $40 billion, bud. So if innovation home is going to need $40 billion and they're already the largest single family owner, that means Blackstone and BlackRock, they're coming. to grab this whole market up. Because 80 billion is a lot more than 60. So they're trying to corner the market in basically robbing Americans from the ability to own homes.

Because when private equity owns 30% of the homes in America, that means private equity decides when the real estate prices go down. Because they got enough properties. They can bounce and they got enough cash sitting on side to bounce those motherfuckers. around internally and make them appraise at whatever the fuck they want to. So, shit, probably, I mean, just off the top of my head, 40% of the homes in America. I mean, maybe their goal of more than 50% is a little ambitious. They'll probably get to 45% of all the homes in America.

And that makes it America a renter nation for, forever. And once you psychologically and morale-wise, that reality does something to you, it demoralizes you as a population. Because if you're renting now and you know that you're never, ever going to do anything other than rent, there's a whole lot of dreams and a whole lot of goals that go with that, that you just have to throw right in the trash. And that's not even including what they tried to do to the fucking money in 2020. But to say that these men should all be lined up and shot, be a fucking understatement. And that'll be my Fed post for the day. I didn't say which men. And I didn't say by who, so fuck off. Well, one of the, uh, they're criminals. This is crime.

One of the things you mentioned there is I remember a buddy of mine, like at the beginning of 2020 he got his um he i mean he lives in his house and he he's not planning on moving he's not i mean he's just there so he doesn't know what it's valued at and everything well apparently in like 2019 it went up so it increased in value so much that his property tax doubled you know so you're so that's another thing is why market, you know, while the housing market is climbing, so is property tax on a lot of areas. So it's not going to be every area, but most areas it's going to increase. And that's just another burden that people have to bring out a pocket.

Yep. And that's why the AIs are monitoring their property appraisers website for the second that thing goes, even one payment behind. They're lining up the funds ready to go. And also, what happens if your home triples in value? That means your insurance company is now on the hook for three times as much. Guess what's going to happen to your rates? Well, they're going to increase by 3x, like my mother's did.

And then when it couldn't increase anymore, they just dropped her, along with most people in the state of Florida. Oh, and same with California. they just dropped hundreds and hundreds of thousands of people because they're sitting there watching these property prices triple. And then they're looking at what the state's doing to prevent fires, which is, well, fuck all. And they're like, we have to raise property, or we have to raise property insurance prices.

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Volkswagen Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings? Well mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse Sale is back. We're talking thousands of your favourite Liddle items all reduced to clear. From home essentials to seasonal must-habs. When the doors open, the deals go fast. Come see for yourself. The Liddle-Newbridge Warehouse sale 28 to 30 November. Lidl, more to value. And now, this is over the same year it's a lot of Gwieh and not great

in Aundun, and learn the Gala to give the Tamal Fadha Gauta Deiardin. In Ergird, we're going to talk in one of oneah with funnive in oneah. There's ozheradow a young lecturer on as to offer to every child, Gnough and people tariff in one tashdy. and the Fosherstead and the fucking more than

Follemontown in Airgrid, Ponga-I. And the fucking morons in California state government passed a law right before the fires banning

property insurers from raising rates too rapidly well having a house price triple in three years is rapid. So how are they supposed to cover that? Let alone the fact that you're basically, I don't know, piling, kindling up at the feet of all of these fucking homes, you morons. So what do they do? The only thing an insurance company can do, I'm not even mad at them about it.

They pull out. And what do you know? There's a fire. Two months later, kind of like the insurance companies were warning about. Well, I think, as it is right now, from what I've heard, more than half of the homes that got torched in the L.A. fires had their insurance pulled about two to three months prior. That is not enough. I don't know if anybody's shopped for homeowners insurance, but it's a fucking nightmare because you have to have appraisers come out and appraisers have schedules. So what happens when, I don't know, a couple hundred thousand people all need to call an appraiser at the exact same fucking time?

Well, guess what? You're waiting a while. As anybody that's tried to, you know, do anything insurance related after like a storm or anything like that. So these people didn't even have time to purchase new property insurance, even if they fucking wanted to. So just like the people who ended up on mortgage assistance. on that mortgage moratorium because some fucking faggot listened to Larry Fink and his friends and lock down the country because don't get me wrong. Those lockdowns had nothing to do with COVID whatsoever.

See, the problem, Pete, is if you print $16 trillion or whatever the fuck it was, you're going to have inflation rip real quick because the market is pricing everything ahead of time. The market doesn't care what it is now, what anything is now. It cares what it will be. Like you're investing to what it will be. Right? So it's forward looking, which means it moves fast. So how do you stop rapid inflation happening?

You need a way to cool the economy down, slow down the velocity of money. if only there was some way that you could just lock people in their homes. And what do you know? The best lockdown indicator that I found during, while this was happening, was the Fed's inflation data. I predicted something like once I figured it out, I think I didn't, I was unable to predict one lockdown cycle out of all of them. They didn't give a, it wasn't about a fucking virus. It wasn't about all cases are rising. It was

inflation that was rising and they needed to cool the economy down. Because the velocity of money is, let's say I got $10, right? And I take an Uber to Pete's house. Right. And that Uber driver gets my $10. And he goes and fills up his gas tank. Right. And then that gas station guy, he needs to go buy more Red Bulls and that $10 has changed hands three times in an afternoon. That's high velocity money. But if everybody's locked in their homes, velocity of money goes way down, which means you can print a large amount without the inflation starting right away, which was part of Larry Fink's plan, literally. He presented it to Jackson Hole because, oh yeah, he's on the fucking Fed that he shouldn't be. Thanks to Janet Yellen.

Also in charge of COVID relief funds and COVID relief programs like the mortgage moratorium. Larry Fink tried to shove a central bank digital currency down your neck, one that he had planned for. Literally, the fucking plan is impressive. It's like fucking hundred pages. Charts and everything probably took at least a month or two. But it was dropped. I think a month after the very first lockdown started, less. almost like they had it ready to go.

My favorite, if you want to hear a slide out of it, Pete, is the one where, which you believe it or not, they were nice enough to list out the different type of hurdles their central bank digital currency is going to encounter. And my favorite slide out of all of them is this one. The Going Direct Reset Plans problem with, they call it, it's very funny, they call it, here we go. Do it's page 11, there we go.

Political challenges. Yeah. So, basically, there is growing political discontent across major economies and sets. Central banks are one of this target, or one of the targets for agitation and misinformation. Widening inequality has fostered backlash against elite, and there are many drivers of inequality, including at its root technology that we need a censor. And a winner-take-all dynamics of globalization, the great financial crisis. See, they know that globalization is just a good.

entropy. They know it. They know globalization is globalizing wages, not just globalizing production. So they already know that you're going to love competing with the Bangladeshi. The great financial crisis and the resulting forced bailout, oh, it was definitely forced by somebody, you fucking cunt. Of financial institutions deemed too big to fail, deemed by who, has added fuel to this backlash along with rising misinformation. Not acting during the great financial crisis would have almost certainly led to a great depression-like outcome, so it's a good thing we did what we did. Much higher unemployment and even worse in equality.

Yet, the counterfactual narrative provides no solace to those feeling left behind. the pores. And monetary policy tools themselves might have increased inequality. You mean the tools that you fucking people have and are talking about how you have them right now? So your tools, your monetary policy tools themselves, we might have inadvertently increased inequality. and we are certainly perceived to have done so incorrectly from that misinformation by pushing up the price of assets owned by only a small fraction of the population.

Governments, not central banks, have the largest impact on issues of inequality and wealth redistribution. Niga, what did you just say? And a greater use of our fiscal policy tool is needed to offset the impact of central banks policies on inequality, including the impact of monetary policy. So wait, a greater use of fiscal policy tools is needed to offset the money printing of banks. Okay. What tools? That is why we believe the

boundaries between fiscal and monetary policy will be continued to be blurred, and why a clear framework is needed to mitigate this risk, a framework that we happen to already have written, ready to go. Without a clear framework, political pressure will build on many fronts and USAID is going to make damn sure they do. Some of these pressures may lead to better outcomes, better de facto of coordination, but some may not. For example, in the next downturn will likely take inequality more directly into account to be politically unpalpable. Not all asset purchase programs are born equal when it comes to their impact on inequality.

Ready for huge savings? We'll mark your calendars from November 28 to 30th, because The Liddle Newbridge Warehouse Sale is back. We're talking thousands of your favourite Lidl items, all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle Newbridge Warehouse Sale, 28th to 30th of November. Liddle, more to value.

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Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited Subject to lending criteria Terms and conditions apply Volkswagen Financial Services Ireland Limited Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. And now,

this is the last year the year a year a lot of GUE and not Gereena in Aondon and lehands the Gael to Gaean Tammal Faddae Gailte Deirn.

In Ergird, we're taking tour in one-whunah with Foonivean Voonagh. It's a Wachachachan on a angolectrakes on as could

with all the people tariff at all Tawaw & There are a cooctawaghan, full of nis small at Airgrid.i. Policy responses that put money more directly into the hands of citizens might be more attractive. And the rise of central bank issued electronic money and central bank digital currencies might achieve these objectives in ways that were not previously possible.

The key is coordinated. does not require giving up central bank independence. Instead, policy frameworks need to evolve and acknowledge that it is not responsible, or sorry, it is not the response itself that needs to be independent. The policy response in times of crisis like COVID-19 will have to involve elements of both fiscal and monetary policy. So basically government. and central banks. But the contribution of monetary and fiscal authorities to the response of COVID-19

cannot be clearly separated. The approach described below provides a concrete example of how this could be done. The Going Direct Reset is about emergency fiscal policy and central bank digital currency. And then they go into the political hurdles by country. There's the legal frameworks. Despite the Fed's wide latitude to purchase treasury bonds, the debt ceiling is coordinated with the Treasury and Congress, which restricted the Fed's emergency lending authorities after the crisis and presents challenges now. These challenges need to be remediated. As in like you need to go change the laws for us, peasants. Cooperation has precedent. However, during and after World War II, that ended with the Treasury Accord of 1951, which would need to be repealed. Oh, really?

And when the Treasury Department and the Fed decoupled debt management and monetary policy and agreed to minimize money monetization, these things would need to be at minimum reversed in any future financial crisis. Options to implement. Congress could create a special treasury account at the Fed and authorize the FOMC, which Janet Yellen just put Larry Fink on,

to fill the account. count up to a preset limit. Oh, Congress could create a special treasury account. What a novel idea. And there's another one for the EU. There's another one for Japan and another one for the UK. And they specifically outline constitutional hurdles. So this is what Larry Fink, as I read the BlackRock disclosure for this lovely document he presented to the Federal Reserve FOMC board at Jackson Hole right after the pandemic that coincidentally happened to save a bunch of bankrupt banks in a liquidity crisis. He was planning the exact laws and legislation changes to implement a central bank digital currency. So to think that he did anything

different. With this housing crisis, they love crisis, would be any different. Thanks, Black Rock Investment Institute. It's appreciated. These are criminals. That's what they are. These are all criminals. Jail would be nice, but if we think about how many lives these people have destroyed, How many dads that thanks to the lockdowns that these fucking faggots engineered put a pistol in their mouth because they could no longer support their family or their monetary situation got them a divorce and now they don't get to see their kids anymore. These people are criminals and they're setting up to do it all again and no one's paying attention. And the other thing is, the other thing that everyone seems to be, don't get me wrong, like, guys like Musk, guys like Andresen, like these guys, they don't interface with the property market.

Like, I don't hold it against them. Like, they have a lot on their plate to deal with. So, like, unless your nose is in the real estate market all the time, like, you just flatly don't know this shit. So right now, like 20% of all the fucking homes in San Francisco, New York, and L.A., on top of the 30% owned by BlackRock, or owned by Chinese people. But not in like a xenophobic type of way, as in foreign nationals buy these properties. And they don't rent them out and they don't move into them. They use them as bank accounts that are shaped like houses.

because America is so amazing that its real estate market, its deeded property backed up by force of the American government, is more secure than any bank account that they could get in China or Russia or India. And the 2% average property appreciation provides a stable rate of return you were going to get in any fucking money market fund or anything like that. Oh, and they lucked out during COVID because the interest rate on their little savings account that's shaped like a house that a family can't live in. Oh, well, for, you know, three years, the interest rate was 200%.

It's a good deal. Manhattan, it's 30% of the homes or 30% of the apartments and condos are vacant and stay vacant 24 hours a day, seven days a week, 12 months a year. Because Chinese, Russian, Saudi, Indian, rich people just buy them, lock the doors until they're ready to withdraw their money, which is when they sell the apartment. So 30% of the housing supply in major metropolitan areas is kept away from the people that actually want to buy the houses to live in. So 30% is basically yanked off the market and hit away, which artificially jacks up property costs, housing costs. Just so foreigners can have a fucking bank account here at our expense, they increase our property costs materially. I would say, forgetting the private equity funds that own 30% of American homes,

just the foreign investors using them as bank accounts is another 20%. So that means the property cost, the reason 20% of the reason young people can't buy a fucking home is so rich foreigners can use them as bank accounts. So they don't put that money into our economy by investing in like, let's say, a investment fund that actually does things. They don't want to do that because there could be a little risk. What if the investment goes down? What if I don't make my guarantee 2%?

Well, it'd be much better for me, the foreign rich person, to just raise your housing costs and take perfectly good homes out of the housing market so I can use it as a fucking bank account. Your country is an economic zone and a financial institution for foreigners. And as this fucking debt bubble unwinds, and all these fucking economies collapsed. Luckily, thanks to Elon, thanks to Andrews, thanks to Trump, that fucking crisis is going to hurt us, but not destroy us.

And it will destroy most of the other G20 countries. When that happens, where do you think all those rich people dollars are going to go? They're going to go into the last game in town, which is us. Are they going to go into the market? Well, they just watch the market where they live crash. Where are they going to go? What's the most stable and safe asset in the fucking world? Treasury bonds.

What's the second most? American real estate. So you think it's bad now. Just wait until BlackRock and all those other fucking faggots I just list it off get their way. And then 50% of homes will be owned by private equity. companies renting them out to Americans. And guess who's going to own the other 50%? That's right, asshole. Some Chinese faggot who never intends to even step foot in that house. So Donald Trump is going to end up because he's got a lot on his plate completely missing this. Unless you

pass laws or executive orders, I'm okay with those. Apparently you guys are too, unless you stop foreign capital parking itself and hiding itself. Again, this is purchasing power. This is capital. They can keep that house off the market and hidden, but then borrow against that asset. And now foreign nationals from hostile countries, rather than deposit, you know, trying to transfer money from China into America is really fucking hard. but if you bought a bunch of assets here, going and getting a line of credit against those assets is better than fucking trying to send money from China here and having to worry about FinCEN.

Right? And the Treasury Department taking a look at it. Them just borrowing against these assets that they shouldn't have in the fucking first place bypasses all of our safety measures. You want to know how Hunter Biden and that private exes, equity fund bought up a bunch of fucking missile technology, secret missile technology that would never have allowed, never been allowed outside of this country. Because that money was already in this country. That's why. That's how. So unless somebody gets a hold of this,

a fucking housing in America, the American dream is going to be yanked out from underneath. every person that doesn't already own a fucking house. And every person that does own a house will be too fucking scared to ever sell it. Because what else are they going to get with it? Nothing. So America becomes a renter nation for forever. Larry Fink and his friends get the you will own nothing and be happy that they always wanted. Because who really cares?

When they say who will own nothing, you will own nothing and be happy. Well, if you will own no car and you'll be happy, that'll really suck. But you could probably grin and bear it. But you will never own the place you live and you will be happy. Buddy, if you're worried about political instability in this country now, just wait. Donald Trump's legacy will be torn out of his hands. and destroyed in front of him if he does not catch this. Unless somebody gets out in front of this,

because again, we don't know when debt bombs are going to go off. That's the problem with financial crisis, is they never come exactly when you plan for them, but you can plan that they're coming. These guys are clearly planning. So unless somebody in the administration gets ahead of this, it's going to be a fucking disaster.

and these people want it to be a disaster because then you can't stop them. The reason that the fucking left can't stop what Donald Trump is doing is because he is basically a disaster for them. Just chaos. There's nothing that they can sink their teeth into. The exact same thing will happen, but against him. All of the enemies that tried to keep him out of office,

well, they just got a big, huge fucking payday. And if you control, just ask the lovely people in Canada about how Chinese citizens owning large amounts of their residential property has now manipulated their local voting to where fucking foreign nationals and literal CCP operatives are in the fucking Canadian parliament now. Getting a hold of this is not just the right thing to do. Not just the right thing to do for Donald Trump's legacy, not the right thing to do to do right by Americans who, honestly, after COVID, after Black Lives Matter, after fucking sending all of our money to Ukraine,

I think we've been pretty patient. But take away the American dream from them. And they don't love Donald Trump that much. Tucker Carlson's not going to be able to keep these people in line. Like, you have a fucking problem. I mean, you could be a political retard. And this would fucking cry out and get you to pay attention to it.

Like, you could be the most politically inept human being alive and know that this is a serious problem. So, I think, I think most people can listen everything you said. The, um, and, and understand why this, this can cause Apocalypse. I think some people would have questions about the forbearance from COVID. So I did some digging while you were talking, and it looks like there's still, it's not as many

as there were, but there's still 110,000 people, 110,000 homes that are in forbearance, and they're looking at, and it's still going into 2025. So that's just the federal programs, right? Yeah, I think this is just a federal program, not the state. Yeah, this is the federal program, not the state. So, you know, and it shows, it shows here, like, you know, the first thing that says you have to pay a lump sum payment of the whole thing, or you're going to have to go into a short-term repayment plan.

So you're either going to, you're either going to end up trying to pay off the whole thing, which is four years of mortgage payments, good luck to the average American, or a repayment plan, which is going to be very short term, which is basically six, I think it's six months. You'd have to do it in six months, six month payments. I don't think most can do that. Or you'd have to go into loan modification of some sort. And that's if they allow it.

And, you know, think about it. That's the key. That's the key. You're going into loan modification at a time when what, just a regular mortgage rate is, what, 8, 9%. So what's the modification rate going to be? If they decide to. That's, it's, what's funny because it's at the lender's discretion. It says here, right here, because mortgage rate.

The lender has worked out a deal with Black Rock. Yeah. It says here because mortgage rate. have gone up, lenders don't have a lot of flexibility around rates. Some may be willing to extend your loan length. Yeah, this is the FHA last year rolled out 40-year options for loan modifications. So it says, say your original 30-year loan was 200,000 at 5%. Your monthly principal and interest would be 1074. You could keep, they'll allow you to keep the same rate, but extend the repayment schedule to 40 years dropping your payments in nine six so basically you'd have 50 bucks a

hundred bucks off a year your mortgage but you'd be in it for another 40 years attached and who and who's going to do 40 who's going to do 40 years I mean maybe some people I don't know but this is all bank is going to what bank is going to agree to do that yeah especially if they've made especially if they've made um yeah if they've been colluding with uh black rock or any of the companies that you've been mentioning. 100%. Why not just get it right off my balance sheet? You know, this was the thing...

You know, this was the last thing that brought me out of, like, libertarianism. I was still holding on to, like, some libertarian ideas in, like, I think June of 2021. There was just, like, a little bit still left there. And then our buddy, Matt Erickson did an episode talking about BlackRock and how basically they could go to the, they could go to the Fed window, borrow for nothing, and buy up private housing. And his, his question was, what's the libertarian answer to that? And the state, bro? Yeah.

You don't, you don't have any options in this other than the state, right? You have hostile foreign actors, because that's what they are. right? You know that Black Rock document I just read to you? All of those people that wrote that at the Black Rock Investment Institute, wouldn't you know it besides being from the same tribe and ethno-religious persuasion? They're all BIS Bank of International Settlements alumni or European Central Bank alumni. Every single one. What's the odds? You have Four people. Elga Barsh, Gene Bovin, B-O-I-V-I-N, Stanley Fisher, and Philip Hildebrand.

Every single one of them, a European banker, European central banker, kind of like how NATO is talking about fortifying Greenland against Donald Trump. that's strange. Like these are hostile foreign people. Pushing, if you look at Vanguard's ownership, none of it's in the U.S. So the thing that manages 90% of Americans' retirement income between BlackRock and Vanguard, I'd say it's 95% are controlled

or owned entirely like Vanguard by people that are clearly hostile Because if you say that Donald Trump was elected with a broad popular mandate, that means that these people are foreign enemies. They come from a different place and they view the agenda that Americans elected as an enemy. So that means these people have basically declared war against. you know, two-thirds of the American population. These are not friends. Black Rock is not an American company.

Clearly, as we can see. Allowing globalist business, I mean, this is literally, hey, why don't we just invite a bunch of Indians into be our doctors? Oh, wait. That's how we got the opioid crisis. Yep. Oh, yeah, wonderful. And people still don't,

People still want to argue, no, you know, you keep prices down if you do business, if you're just looking for the best people around the world. If you're doing business, whatever, you can't even make a pencil unless you're, oh, fuck you. Fuck you in your eye pencil bullshit. Let's just, how about we just buy the pen? Why don't, why don't we let someone else fucking make the pencil and we buy it from them? We don't have to fucking deal.

We don't have to deal with 10, 20, 30 different kinds of. to make a fucking pencil. This is fucking bullshit. They need you to, though, because you need to support those other countries. Because in globalization, the producers lose, right? Because I now have to compete with producers in China that are getting state backing, right? state subsidies. This is the other problem with libertarianism.

If you lived on an asteroid or on the moon where you were the only country of the moon, then okay. But if you live in a nation surrounded by other nations, you're going to end all the states, bro? No, you're not. So you're going to be there with your free market Jewish economics preaching free markets, free marketeering as every other nation uses the state to bolster its industry to hurt yours. Isn't that kind of like when you're preaching individualism and you say you're an individual, bro,

While other groups are being collective and collectivizing power. I mean, how fucking retarded that before, James Lindsay? How fucking retarded are people? I mean, I used to think this way. And I think you,

I think you had a pretty good, you know, you had a, at least a short libertarian, you know, things. It's fucking bullshit. It's all fucking bullshit.

It's dangerous. And, and I mean, I'm at the point where libertarians are. fucking dangerous, man. Because you've seen so many libertarian ideas adopted. And then what they do is they go, oh, well, this isn't going to work in reality. So what we'll do is we'll just change, we'll keep the name a free market and we'll just make it, you know, turn.

Well, I mean, shit in many cases, it's like, yeah, it's a free market. Oh, but we, so we're going to trade with everyone and, you know, we're going to have open trade. and anyone can do anything and it's like, oh, well, but no, it's not a free market because they signed a treaty. No, it's free market. It's, if you believe in the free market, you're a globalist. If you believe in capitalism, you're a globalist. End of fucking story. Fuck you.

You cannot have a country and do that unless you are, unless you are, well, let's see. who who trades with everyone who manufactures everyone's things and charge and basically charges people and also takes imports in but charges tariffs both ways and oh all of a sudden in order for them to stay in order for them to do the things that they need to do they become tyrannical i mean what china am i talking about china it's really the only way you'd be able to even pull that off, but they don't do free market. They're not a free market economy, yet they're kicking our ass and everything. Economic.

Because libertarians are over here, basically inserting communist bullshit, because I'm sorry, who were all the founders of libertarianism? It took me a long time to figure it out. It's, you know, every, Jewish left us. Every fucking single time. Right? Because do you know in a total free market economy, producers lose because they are competing against every other producer in the world. So that means there is no incentive to innovate because eventually it will just be stolen from you.

There are no moats. there is no intellectual property, no trade secrets. You're competing with everyone, all against all. So in an all against all, all lose. This is like Peter Thiel's zero to one. Now you run out. Eventually, entropy happens. So any value created ends up just distributing. It's like literally just dispersing like heat. out of a coffee cup. Same thing with labor. You are now competing against Bangladeshis, Somalis in their own country, or thanks to guys like Vivek, in your home country. It's a war against all against all. So if producers lose and labor loses, who wins? Ah, middle-man. win. They're the only people that win in a free market global economy, right? Because as producers,

industrial producers, are racing each other to the bottom, right? Destroying their profit margins because they have to compete. So like, let's say Pete and I have two of the identical businesses, right? And one day Pete wakes up. And he sees that I've lowered my prices 10%. Well, I've just put a bit of game theory in Pete's lap. He could, A, stay where he is at with his prices, or, and go out of business, right, die. Or he can lower his prices 15%. Well, then what am I going to do?

Now I have the same game theory thrown in my lap. I can either A, do nothing, and slowly lose and go out of business, or I can lower my price is 20%. Then P to lower his 25%. I'll have to do 30. See where this is going? Same thing with labor. So if the producers and the human capital are racing each other to the bottom, who wins?

the middlemen win the merchants win the part of the economy that does not innovate and therefore creates no new wealth none so you want to know why innovation is flatlined since the 70s it's right around the time that we went full on globalization and And free markets, free markets got inserted into conservative rhetoric through Reagan. Free markets. Adam Smith. Adam Smith is a liar. Adam Smith was literally one of the very first COVID scientists. One of the first paid scientists.

He's fucking David From. He was marketed just like David From, the guy. who's wrong about everything and who advocates for policies that, oh, no, 10 years later, we found out it's a disaster. It wasn't a disaster. It was a fucking con. It was a con. Adam Smith was a con. He paid for literally by the same people. You should look. Anybody's curious, look up who funded Adam Smith because Frederick List took one look at it and goes, that's funny. Why is this guy saying, that the secret to England's success is this free market economics, but wait a second,

they only impose those economic policies on their colonies. They force them to have free market economics, while England itself has the most protectionist economy in the world. Whoa, what a revelation. fucking conservatives just gullible ass motherfuckers man one of these days we have they have all these ideas but they never examine where they came from one of these days we have to read friedrich list letters um on the american economy oh that would be great i mean he he just tears it apart he just he explains how he shows how you know manufacture what happens when you have

companies start manufacturing in other countries. I mean, he's doing this in, what, 1840, 1830? He's a nationalist, God forbid. Yeah. I mean, it's, and his idea is so simple, but oh, no, no, tariffs are going to raise prices and everything like that. I mean, but they also raise wages, retard. They raise prices for foreigners.

You know what's funny is I saw a headline today. It said in anticipation for Trump tariffs, the European Union lowers its tariffs on American automobiles. So wait a second. You mean to tell me that as conservatives in America are telling me that we need to have free market, How important free market economics is like, oh, conservatism means free market. I'm sorry. Bill Crystal, American Enterprise Institute funded by Paul Singer.

I'm sorry. No, they're not. There's nothing conservative about them. Because apparently, every nation America trades with tariffs are goods. Well, people like Bill Crystal, the American Enterprise Institute, And every fucking conservative pundit run around and tell me that we need free markets here and we can't have tariffs. You know what it is when Europe tariffs are goods while we allow European cars in America tariff-free? this is the reason why

Ford has to drop every other model except for the Ford F-150. Ford's going to be a truck maker now because a bunch of Europeans convinced our faggot fucking room temp IQ legislators that the future is electric.

No, it's not. Where did you get that idea? Where did you get these ideas that you're talking about. Did you come up with them yourself? How did you arrive at them? Well, so we had Ford sink, you know, $40 billion of CAPEX into electric vehicles. That up, turns out nobody wants. So we just lit $40 million, $40 billion on fire. And, well, since Europe tariffs are good, our automobiles, and we don't tariff them, all these cheap European cars like BMW 1 series. What the fuck is the purpose of owning a goddamn BMW or a Mercedes?

If there is a $30,000 option that I get to see my fucking house cleaner leave in the same goddamn type of car, not type of car, but manufacturer of car, as in my driveway. The reason why the Mustang is going to go away, America can't have Mustangs anymore, is because Ford can't make cars anymore. Because Honda, Hyundai, name a European car, is allowed in this country for free. And Ford is not allowed to take their cars anywhere without paying at minimum a 25% tariff. if? Well, that defeats the whole, if Ford became 25% more expensive, they wouldn't be fucking Ford now, would they? Henry Ford didn't make cars that were 25% more expensive than everyone else's. You made cheap, fun cars that everyone can afford. And now nobody gets to have one

because you don't get to have a Mustang ever again come 2026. Because conservatives were too stupid to fucking analyze critically the ideas that fucking criminals, like Bill Crystal, like Paul Singer of the American Enterprise Institute. Samely with the Manhattan Institute. The same shit Chris Rufo is telling me. I don't get to have a Mustang anymore because Chris Rufo's boss, Bill Crystal, sci-opt conservatives, to think that free market economics is a good thing. thing, but never bothered to ask if anybody else was playing along. Because they're dumb and they

don't think about anything critically. Or maybe they do and they just lie to you on purpose. Equally likely. So now I don't get to have a fucking Mustang. My teenage son is never going to have a Mustang because by the time he gets one, it's going to be fucking 30 years old and unsafe and probably break. So you can't get your kid a Mustang in 2026 because conservatives are fucking dumb the most American car in the history of America isn't going to be made anymore because conservatives are so good at conserving just how is there this many stupid people in charge well I think you did say I was going to ran yeah I think we should end on that question there because I know you've been talking you probably go on six hours and talking today

yeah I hope everybody enjoys this and some other podcast that will be released in case you. Give me five minutes on this. If home price, if there are going to be foreclosures and, I mean, is that an opportunity for us? Yes. This is actually why I'm upset about this the most. Because of a demographic reality that couldn't be more welcome. The late boomers are the ones that own most of the homes in American society.

because, again, they listened to conservatives like Bill Crystal and got siopped into a bunch of policies that hurt their children and their grandchildren, who are now minorities in their own fucking high school. But they were not able to buy any homes. So really, 80%, I think it's either 70% or something like that, of American homes that are in private hands, God forbid, it's such a small number, I have to demarcate it.

they're owned by people ages 60 end up. A majority of that owned by people that are pushing 70. So the thing about 70 X-year-olds is that they die, right? So in 2023, 2024, 30% of the late boomers, there's really two boomer generations, right? There's the guys that are in their, you know, early 60s and the guys that are in their, like, their mid-70s. They're two different psychologies, really. But the late stage boomers, right, we were down 30% already and we lose roughly between 8 and 10% a year. So that means from 2024, 2025, 26, like we're starting to crack that 50% margin. Right. And who owns,

sorry, none of the, I'm sorry to Chris Rufo's illegal immigrant. wife and anchor baby children. The newcomers to America that are soon to be, you know, levers of America, Vivek Ramoswamy, anchor baby. These guys didn't have time to accumulate enough capital intergenerationalally. So most of the buyers of homes are going to be people that either inherited a home and sold it or people that inherited some money, right?

So, i.e. white American people, right? Millennials, Gen Xers, and even some zoomers. But this represents a problem because there's a generational demographic that isn't immediately apparent, right? So if I look at the census data, it tells me that there's roughly the same amount of millennials as there are Gen Xers as there are boomers. But that's not true. Because if I go and I shake that data a little bit and find out how many of those millennials

are grandchildren of Americans, right? So it means at least two generations, three generations. Well, that's a very scary number because then it's like one third. So that means there's three times as many boomers as there are people like you and me, Pete, like white Americans who were born here. from parents that were probably born here. Enough time to accumulate intergenerational capital that can either be inherited in the form of a house

or inherited in the form of just a regular inheritance. Because housing prices have escalated so rapidly, it's really the only shot. So that means that if there's three times as many soon-to-be deceased home sellers as there is for every one person that's able to buy them, because yes, some people can get, you know, half a million dollar a year, think tank jobs for writing articles to subvert Americans like Chris Rufo.

Most of these people can't, right? Most of these people, again, like the purpose of bringing in a million H-1Bs is to lower labor cost. Therefore, capital accumulation is kind of just fucking dead in the water from get. So it's really going to be people like our generation. and maybe some of the zoomers. So how do you sell three houses to one person? There'll be one person with enough capital to buy, our generation, and three boomer house owners that are going to kick the bucket

in the next year, two years, three years. Well, you don't. You can't sell three houses to one person, can you? Well, not at full price. You can't. So again, the artificial use, created housing prices, we're going to correct themselves naturally, nice and slowly, actually, as boomers die off. And liquidity slowly enters the market, i.e. no crash. But just a broad, suppressive trend. But thanks to these COVID policies that I found out were somehow still going

on, it looks like that situation is going to be a little bit more abrupt, but it's the same situation. So you were talking about a rapid decrease in asset prices, which would give our guys a chance to finally buy homes at reasonable prices because it's not really a crash. If I artificially double and then artificially double again the price of homes, those houses crashing, you know, 60, 70 percent would put them right back to where they were, 50 percent, whatever. right back where they were in 2018, which was still unreasonably high, but whatever. A lot of our guys, if they really tried, could swing 2018 prices. But not if they're fucking competing with BlackRock, Blackstone, progressive properties,

and innovation homes. Not a single one. They can't compete with $300 billion in capital queued up and ready to go. They can't compete with banks keeping special lists of upwards to 15 to 20% of the inventory total set aside for these institutions with all this money. They can't compete in markets where 30% of the homes are owned by corporate investors for rental only forever. They can't compete with another 20% of that same market owned by foreigners that are using it as a bank account and are deliberately keeping the house off the market. Because it's better serving them as a bank account than it is serving Americans as a house to raise families in. So if this stuff were magically to not happen, if private equity would be brought to heal by an executive,

And some legislation was passed to keep foreigners from stashing large amounts of foreign capital, which drives up inflation tremendously, by the way. It's going to, and again, if Trump doesn't get on this shit, when this fucking massive financial correction is a debt bomb, it's like it's literally, they wouldn't be trying to shove central bank digital currencies down your throat and shit if they weren't scared of a sovereign debt collapse. The Great Reset was literally just marketing smear to cover up sovereign debt default at scale,

a kind of suicide pact that everybody had to buy into. So you have to sell the elites. So all that Davos bullshit, this was literally all it was. When this thing goes off, you're going to have all of the world's capital rushing to America's shores for safe harbor. So even if it's not the houses, Pete, We're talking about tens of trillions of dollars of very scared money from foreign investors and foreign wealthy people that are going to be banging down the door to get into America.

Trump doesn't have to go print $10 trillion to fucking destroy the economy like Joe Biden. All Trump has to do is take his eye off the ball while that capital comes rushing onto our shore. and it'll have an even worse effect. So unless he stops these foreign, soon-to-be flight capital dollars, from pouring into American markets, American real estate markets, like it has been doing, basically all the privately owned by foreign national houses, these are just the fucking investors, the foreign investors that are ahead of the curve. They know what's happening.

So they're trying to get as much money into the U.S. as possible, which is why the number of homes, single family homes owned by foreign nationals, has tripled in the last 36 months. What do you think it's going to happen when the party starts for real? It's going to be a disaster. Let's end it right there. I think so. All right, man. Always good to talk to you. Until the next time, I think I flew.

One of these days I have to come on and actually talk about something positive. Oh, I floated an idea to you the other day if you remembered, and that might be a good one to, yeah, that might be a good one to do. Have you, what was the last time you read that? What was the last time you read this? It's probably been a while, huh? Five to eight years ago? Yeah. Yeah, go back over them.

It's just truly remarkable. Really? Yeah, some of the best stuff. I know what I'm doing tonight. Okay. All right. Some of the best stuff. Yeah.

All right, man. Talk to you later. All right. Talk to you later. Bye.