Monday, October 15, 2012

QE3 and the Global Land Grab

You can't create wealth out of thin air; therefore it's plain to see that money is not wealth, it's the mechanism used to transfer wealth from we the taxpayers to the ruling class. For instance, when Ben Bernanke prints new money (QE3), who gets first dibs on that money? His wealthy friends, of course. And then, in turn, they lend it out at quadruple the price and/or purchase up all of the finite resources--especially land, farmland, that is. Why? He who controls the food controls the world.

That's right, the global tycoons, especially since the financial crisis in 2008, have been buying up farmland all over the planet at an alarming rate, while subsistence farmers are losing their land and their way of life. They're being priced out of existence as the New World Agricultural Order unfolds.



Meanwhile, the Fed is quietly acquiring massive amounts of property in the US through their purchase of mortgage-backed securities. There are an estimated 1.5 million homes currently in the foreclosure process. Under the current QE3, Bernanke will own those properties once the foreclosure is complete. The point? To create a huge land-grab within the US where the Fed owns massive amounts of land and can leverage this acquisition against the American public as the transition becomes apparent.

Oh, and the Federal Housing Finance Administration (FHFA) recently announced that “strategic defaulters”, i.e. those homeowners who have abandoned their mortgage because they could not afford to make the monthly payments will be jailed for this “crime”.

So what we have here are banks, agencies and government "manipulating" the market toward their own agenda at the expense of we the people. Nothing new here.

Links:

'Shadow REO': As Many as 90% of Foreclosed Properties Held Off the Market, Estimates Suggest

Supposedly, these homes are being released in bulk to major conglomerates who have billions of dollars to buy them for pennies on the dollar and fix and sell them or lease them out. The banks are selling in bulk to them with the understanding that they are not to be sold within a certain amount of time

1 comments:

Anonymous,  01:14  

It's so unfair! With all these foreclosed homes, knowing that the 20 and 30 somethings are swimming in college debt with zero job prospects and no hope of home ownership, it's absolutely evil! Not to mention everyone else who is underwater on their mortgages with disposable income being ravished by inflation.

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