Posted on 06/12/2021 1:21:54 PM PDT by SeekAndFind
If you’ve been thinking of buying a house, you’ve probably noticed that house prices are soaring everywhere, not just in the usual preferred zip codes. You might have thought this is simply because of market deformations thanks to COVID and the lockdowns. In fact, the soaring prices reflect something much more sinister: Blackrock, an investment company is buying up housing stock, turning America into a nation of renters – that is, people with no stake in their communities or their futures. However, what’s really sinister is that it’s not just housing stock. BlackRock, along with The Vanguard Group, owns a disproportionate number of American corporations, more even than you realize.
Let’s start with the housing stock issue. Here’s a short Tucker Carlson segment about the way the multinational investment company BlackRock is driving up prices and decreasing housing stock by buying up whole communities:
What Tucker and Pedro Gonzalez describe is bad and should have you deeply worried. What’s worse is something I learned about some months ago but sat on because I wasn’t quite sure what to do with it.
It’s a video made by a Dutch woman in which, using publicly available information, she points out that very few corporations are the personal playgrounds of millionaires and billionaires. Instead, most of them trace back to BlackRock and The Vanguard Group. For example, if you think Coke and Pepsi are competitors, they might be at a micro level but, at a macro level, both have the same primary owners: BlackRock and The Vanguard Group:
(Excerpt) Read more at americanthinker.com ...
Thank Joe for the inflation,,,,,you haven’t seen anything yet.
they also squeeze the stocks by naked shares,
inverse repos, dark exchanges, and lying,
as they take every company in the US.
Americans face enemies, foreign and now domestic.
Americans specified the government with 4,543 words,
and by Jobbery, the government has “raped” its people
figuratively and re: the children, literally.
The concept of “capitalism” and “market economies” is philosophically pleasing to me.
But when I look at the world today, I think those concepts have created a bad situation. Hey, communism and central planning are much worse. But I think the idea of people striving to be rich and using money to make money may have gone further than most of us expected.
I’m not sure how it can be fixed, but I think manipulating billions and trillions of dollars is something which inherently gets The Powerful thinking of ordinary humans as nothing more than ants.
And when it all goes to hell in the next market crash, the Federal Reserve will buy up their dud securities.
We don't have capitalism. We have state-direct, fiat-money cronyism.
Can’t have full on/formal communism, and government control of all resources, if there are millions of land owners.
The trees of our Constitution didn’t want any federal capable ownership of land for fear the federal government could in time go after all of it.
However, of government/global governance NGO’s (non-government orgs) go after the land, the courts and governments then have the necessary cover, and can circumvent nearly any Western governments population and representative governance laws.
On top of it all, the strategy includes corporatism, and protections for all companies involved in land grab ownership, and freedom of speech.
Illegals will become our neighbors.
These LLC ghost companies are over paying for rental dwellings in the Midwest
All soon to be Sect 8 “rentals”?
Is there any way that anti-trust law could apply to this problem? If the same handful of large investors have majority share in all these huge, economy-dominating companies, could this group of investors count as a trust, in violation of U.S. law?
We are getting flooded with cheap labor. Joe has opened the spigot wide open.
You’ve likely never experienced capitalism or a market economy. At best a semi fascist planned economy. An economy where the government is an active participant and rewards done and punishes otters has nothing to do with the market or capitalism.
I don’t completely agree with the premise - the investment management companies are in theory not the owners, but rather the millions of people with 401ks who are their customers are the investors who own the stock. Unfortunately the millions are not asked for their input on the management company or the investment choices. If your company (like mine) selects Fidelity funds then you are stuck with them.
The fund management companies in turn have a massive amount of power because they hold all the collective mutual fund shares in house name and can vote them. So Blackrock can vote out Exxon’s directors if they are not sufficiently “woke” on climate change.
It was not a system that was originally envisioned when the 33, 34 and 40 Acts were born, and the SEC and Congress have no appetite to fix it (no doubt the fund managers grease all the key chairmen in congress)
Understood. The question is: What could we do as a Constitutional Amendment that would effectively block the government from jumping in and creating crony capitalism/fascism?
My suggestion would be a government funded by tariffs and by national sales tax of — let’s say — 10%. Nothing else. Repeal the 16th and explicitly state that wages cannot be taxed. Now, 10%, that’s small. Too small? Can it be too small? I want our federal government to be weak and ineffective. Seriously. If we need revenue beyond a 10% sales tax, go get another Constitutional Amendment.
A government-imposed COVID lockdown combined with a government-imposed moratorium on evictions quickly turns rental housing into the worst investment imaginable.
HFT is a crock of shit as well.
Our brightest minds are coming up with ways to speed up the transactions, probe for price changes, and write better algorithms.
Imagine if these people were doing something truly productive...
Best autocorrect ever...
All soon to be Sect 8 “rentals”?
“Blackrock, an investment company is buying up housing stock,”
I heard it was 25% in the Houston market. Prices are soaring in our Florida zip code but nearly all buyers are families.
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