Wall Street has become the nation’s new slumlords. They are as ruthless as any in NYC.
In her feature article in the March 8th edition of the New York Times Magazine entitled “The Great Wall Street Housing Grab”, Francesca Mari documents the cruelties of Wall Street’s entry in the US housing market, a land grab rivaling the Enclosure Acts forced on farmers in 18th Century Britain. Karl Marx called it primitive accumulation. The predators are feasting again on the prey already skinned alive by the subprime debacle that exploded in 2008.
Yes, the iron logic of greed is back for another round of bloodletting. Banks too big to fail, bailed out by the taxpayer, have moved money, once ours, into the single-family housing market, scooping up distressed properties, and renting them back to once-proud homeowners. How many of us are walking this road back to serfdom? Or shall we call it new age sharecropping?
Bill Clinton got the ball rolling. In 1995 he appeared sincere as he sought to raise homeownership to 70% after a decade of decline in the Eighties. It was a noble goal. Now, in 2020, we can scratch our heads wondering why we are back at the same level as we were in 1995, 61%. The road to hell is paved with good intentions. Never give a sucker an even break.
As soon as Clinton articulated the goal, the vultures licked their chops (do they have chops?) and started to work. The story needs not repeating in detail. Fannie Mae led the way. As a quasi-government agency, they were able to relax and automate their lending in the name of increasing homeownership. Not only that, but they also bundled the mortgages into AAA-rated mortgage-backed securities after buying mortgages from banks. Banks were then free to make more risky loans knowing Fannie Mae would buy them and turn them into securities. Everybody made a killing. Getting a mortgage became so easy my dog could have gotten a loan to buy a mansion. That it saddled the middle class with unsustainable debt was not their concern, the crash, their losses, were covered by the taxpayer. Massive corporate welfare.
Fast Forward to 2020. The real estate fraud that crashed the system resulted in 6 million homes lost to foreclosure and short sale. Millions of ordinary people lost billions in asset values as their homes were taken away. Prices of homes dropped as million stood empty.
Ten years later prices have recovered. Ordinary people, however, have not gone back to their homes. Real estate investment firms, institutional landlords, have created a new market: renting those single-family homes to people who used to own them. Francesca Mari reports that Steven Schwarzman, chief executive of Blackstone, was spending $100,000,000 a week in 2012 on these homes. The companies they hired to manage these rentals are the cruelest of overseers.
Marx writes that in 1688, William of Orange encouraged the landed gentry and the rising capitalist class to steal state lands, used by farmers and shepherds to grow food and produce wool, to create a new bourgeoisie based on private ownership of these same lands, primitive accumulation, pushing the peasant farmers into landless impoverishment.
Thus began the proletariat, now, in 2020, debt slaves who own nothing. People one coronavirus away from poverty. Thank you, Wall Street.
9 thoughts on “Back to Renting”
This is part of a larger plan I have no doubt
President Clinton’s advisor was Dr.David Wynn Miller.He disbarred over 1000 judges had them sent to prison an disbarred over 450 lawyers from ever practicing law again.You can youtube his material.Dr.David Wynn Miller was given a 92nd degree in Free Masonry by the Masons even though he wasnt a Mason because his invention was as opening Pandoras Box on how are whole world communicates in ADVERB/VERB in Banking.Thanks to him we no longer own the Hawaiian Islands,but you wont hear that on the news,Obama tried to stop it but couldnt.All gold was returned by the Rothchilds plus intrest going back from 1871 to Hawaiians when the Queen of England took over the Islands like pirates the British are.She used Fraud in Contract Law to steel the Islands.Mr.Miller cracked the code of all langauges over 5,500 to be exact going back 8,500yrs since the beginning of man.He proved it thru his Algebra formula Correct Sentence Structure Communication PARSE SYNTAX GRAMMAR.That all Treaties,Contracts,Banking Courts of Law are proven to be FRAUD an operate in FRAUD because all court Judges&Lawyers speak in ADVERB/VERB which means NO CONTRACT.His 1988 patent was the reason for the 2008 Mortgage crash an 9/11 attacks he said so.He even directed President Clinton during the Monica Lewensky trials to ask the whole world what IS the word IS?You put the letter I over the S,that will give you the $ sign.Hillary Clinton didnt go to prison for the 30,000 emails becauae Dr.David Wynn Miller was her advisor.Theres a Law Book only CFA,CPA,Bankers,Clerk of Courts,Judges&LAWYERS known about an use in the court’s of Law concerning BANKING.It’s called Styles Manual,used Internationaly.In one of the chapters it says Anything in a Box or Bracket IS NOT THERE!!!Our money IS in a box.There telling us in Law it IS nothing.Monopoly money i think so?A ticket where a police officer makes u sign in,IS in a box.A speed limit&parking sign IS in a box.All our statements,what they call Bills.IS in a Box.Because everything in the Courts of Law IS proven FRAUD by using ADVERB/VERB=No Contract.The court’s everyone IS double dipping in our back pockets.Were all being raped finacialy daily.All bills were paid by the Vatican in the 1930s House Joint Resolution 192.We are all operating in Fiction=To the Wizard of Oz.Dorthy went home.,equal to beating the bankers,the Wizards.She didnt want to stay in Fiction,equal to the AL CAPS NAME,the scarecrow aka STRAWMAN.What the hell are we doing screwing around in The Wizard of Oz an loosing our houses for?Dorthys Ruby slippers equals our Birth Certificate.It was her Remedy,she had it the whole time an she didnt know it?She became the Fiduciary of her own assets.Dorthy clicked her heals 3X.If u ever care to know anything about banking like Dorthy.In Banking laws when you sign Fiduciary paper work in 3days the assets have to be in your non intrest bearing checking account when you fill out the right forms in Law connected to your Birth Certficate.With God,All things are possible.U so called americans do i know the Law Banking forms for any american to become a mollionaire?Yes!Will i tell you?No!Ok one Form you want to look into 56F!Im not telling you the other forms.Why?Because i worked my rear to find the way for it,you didnt!You loved the shovel.Bankers want us to remain stupid.We have to stop worshiping the shovel in our shed.Its not our god.Our work,study should be knowing the parable of the bad servant.An the Parable of the servant who had hidden talents buried in the ground.Our work is to know Banking,to become our own FIDUCIARY of our own assets an kiss social security good bye!The Hebrews of the 12 tribes who we also know as the jews were always known to lose there way.Away from the Lord.They always ended up following the ways of there slave masters false god sleight hand Babylonian&Egyptian,banking and merchant ways.The 12 Tribes were always known to walk away from the Lord an the 10 Commandments.Those before us who came to America came to get away from the 12 Hebrew Tribes known as thw Jews because they were lost an wanted to follow their old Babylonian&Egyptian slave masters who operated in banking&intrest payments by sleight of hand black magic who loved the #9 an loved false god worship.The POST OFFICE has 5#zipcode followed by a – 4#=#9.Your social secruity card on the front is #3 then 2# then #4=#9.The back of your social security card is #8 followed by 1letter =#9.This worship of the #9 comes from the Babylonian&Egyptian bankers.It traces back over 3500yrs.Those before us who came to America are of the lost tribe of 13.After the Law of 13,after the 13 Colonies.When ever you go into a court,a Judge will ask you,who are you?You tell the Judge I AM the EAGLE STANDING In the Justice Department.I AM the 13 stars above the Eagle.I AM the 13 Olive leafs in the Eagles claw.I AM the 13 arrows in the other eagles claw.I AM the 13 stripes in sheild representing the 13 Cololnies.I AM,of the Lost Tribe of 13 who found their way,away from the 12 Hebrew Tribes who always lost ther way to the Babylonian&Egyptian Bankers who loved the #9.That’s when you tell the judge.I AM not the #9Tail feathers representing where the Eagle Craps equal to the Bankers.
I think it is obvious that a democracy can only thrive when all voices are heard. That being said, Adam’s comment above indicates that he subscribes to some sovereign citizen ideology. I believe that people who have legitimate gripes against the system are distracted and marginalized as they are lured into world views so beyond the limits of public discourse that they render themselves impotent.
Broadie!Lets get something straight about me!I’m not a Sovereign.I didnt choose my family.I was born into it.With that being said I am an AMERICAN who has direct lineage to those whose family members on both sides came off the Mayflower an fought in the American Revolution to get away from the Pope an the Kings of England an Ireland taxes,an Rothchild family bankers whove raped this world financially for over 250yrs.My grandmother former Ohio farmer an geaneologist of DAR,Daughters of the American Revolution taught me here an there an showed me my lineage hidden in the Library of Congress since i was 4yrs old and till I turned 45yrs old .I had convictions of not caring when younger.But now that im older i care about this country.I believe i should should care about being an American my RIGHTS an that my family fought for.My family does go back to even Chareles Carroll in Maryland one of the signers of the Declaration of Independence,my great grandmother was a CARROLL.I choose not to be ignorant in CONTRACT LAW,CIVIL LAW&CRIMINAL LAW.So i wont be raped of my RIGHTS.Or so i or other AMERICANS wont be wrongfully convicted of a crime they did not commit.Have you ever heard of someone being wrongfully convicted?I care about the sufferings of all man kind an my RIGHTS unlike other so-called americans who dont mind being raped financialy or sent to prison for something they did not do.One black man just got out prison recently did 41yrs an they found through DNA it wasnt him?Innocent.I care about people being mistreated BROADIE.Even history teachers know that when they came to America that it was a common thing to walk around in your hand or under your arm or by horse everywhere you went with Contract Law,Law books with you because they were tired of being raped financially so they were maximizing their time by preparing ahead of time because they felt the British were going to come an cause Americans to pay mortgages through CONTRACT LAW on their homes,lands,horses an give tickets for simple things as riding your horse to fast,the whole 9yrds=financial raping.Rather than live in Liberty free from the bankers.I AM NOT APART of any sovereign citizen movement.Many who claim to be sovereign have their head up their rear.The indians were forced to take that legal status.These so called sovereigns act as if they know the Law an put those guys on the news for all americans to see to program us to not study law or care about our rights otherwise you look like the guy on the news,ignorant.Those people dont study LAW BROADIE,or under PH.D LAW PROFFESSORS,Professional LEGAL RESEARCHERS,Law Scholars,CIVIL RIGHTS ACTIVIST,They don’t study THE STATUTES AT LARGE in THE LARGEST LAW LIBRARY in the WORLD.THE LAW LIBRARY OF CONGRESS .A sovereign citizen are the as the 5civilized tribes.Indians,that the Bankers,raped,killed,murdered children an the whole families an put on lands that they didn’t want to be on.The PH.D LAW professors found in THE STATUTES AT LARGE that the VATICAN bought all our past an future debt in this country from the 3rd Bankruptcy in 1930s an gave us all Birth Certificates aka Negotiable Instruments used in the UNIFORM COMMERCIAL CODE&THE UNITED STATES CODE TITLE 46,which has to do with shipping LAWS because ALL LAWS has gone commercial.The UNITED STATES CODE was never passed by the legislatures,that fraud they hid in the STATUTES AT LARGE in 1913thru1917.McFadden an another attorney revealed it an they made him disappear like President LINCOLN n President KENNEDY.All Judges in AMERICA are sentencing AMERICANS to prison with the UNITED STATES CODE TITLE 18 as ALIEN ENEMIES that was never passed into Law an it was changed by the publishers.If were ALIENS what are they.Its all FRAUD they are taking our assets off our BIRTH CERTIFICATES through FRAUD in the court’s of law.Which makes them guilty of them not paying down the national debt.Read U.SC.TITLE 8 1481 ever sworn officer reliquishes their national citizenship.There caught in securities fraud an embezzlement.All AMERICANS should contact the IRS they are the only ones beside the Treasury that have more power than BAR COURTS OF LAW in AMERICA.If you have a family member being wrongfully convicted ask the IRS for the form 3949A file it into the local CID,CRIMINAL INVESTIGATIVE DIVISION or the Local Tax Commissioner at the Tax Iffice.An file a IRS FORM 13909 tax form for suspicous activuty.There are a people iwho are the MOORS who are the sovereigns because they understand that they have RIGHTS because WASHINGTON,DC is owned by MOROCCO.An MOROCCO is owned by the VATICAN.This is as a SECRET that our world leaders an our presidents an news have hidden from us AMERICANS.Which is written in THE STATUTES AT LARGE,written in the largest law library in the world.THE LAW LIBRARY OF CONGRESS,found by PH.D Law professors,Proffessional Legal Researchers an those who hold the TITLE of PRIVATE ATTORNEY GENERALS STATUS given to us by legislatures an Congress in the year 1866 to PERFECT RIGHTS AN PERFECT LAW.Not practice Law,that’s what a attorney at law does,he practices.WE PERFECT LAW.Have you ever been AT A LAKE?Have you ever been IN A LAKE.Those 2 things separate the 2 from each other.Attorneys are at the Lake.Those who perfect law are in the lake.When you go into the lake of law,fraud is revealed to only those who study in law,perfect law an perfect rights for AMERICANS.All of it was found in the law library of Congress by these AMERICANS who I follow, NOT SOVEREIGNS.
Can all Americans YouTube an type.ALAN GRAYSON (HIGH QUALITY VERSION)Is Anyone Minding the Store at the Federal Reserve.This is proof all are taxes an Police tickets worth $1.2 Trillion a year go to 2 unknown banks in Switzerland that they wont reveal to Congress an not America.
David Wynn Miller was, I believe, a leader in the sovereign citizen movement. Since you referenced his arguments, and seem to agree with them, I assumed also that you identified with the movement. Forgive me if I am wrong.
I don’t understand your obsession with the law. Words on paper are only as effective as their enforcement mechanisms. There have been occasions when I have sworn an oath to protect the Constitution against enemies foreign and domestic, and yet we have an executive branch that ignores legal Congressional subpoenas and blocks its oversight.
More importantly, since we live in an oligarchy, laws and policies are designed by puppet politicians to further the interests of the top 1/10 of 1 %. That is why we need a MASS movement around UBI (universal basic income) to rather painlessly redistribute wealth and revitalize communities around the country.
I do think it is a national emergency for all Americans to know what these PH.D LAW PROFESSORS,Law RESEARCHERS found in THE STATUTES AT LARGE.They found that the BAR ATTORNEYS wrote this into Law without AMERICANS CONSENT.The Secretary of Defense may conduct test and experiment involving the use of chemical and biological warfare agents on civillian populations within the United States.-Source-Public Law 95-79,TitleVIII,Sec.808,July 30,1977,99 Stat.334.In U.S. STATUTES-AT LARGE,Vol.91,page 334,you will find Public Law 95-79.Public Law 97-375,Title II,Sec.203 (a)(1)Dec.21,1982,96,Stat.1882.In U.S. STATUTES-AT-LARGE,Vol.96,page1882,you will find Public Law 97-375.This is proof there spraying us.You want to know why we have global warming.It’s not global warming there spraying us everyday with chemicals to keep us sick,an kill us.No PH.D Scientist in GEO Engineering knows this because they don’t study THE STATUTES AT LARGE.They just love to sound smart an hear there own voice while they tell the world because there funded by the Bankers who are spraying us all..Oh its not global warming we would like to say its Geo Engineering.Like all Americans are all dumb an ignorant.Like the OX going to the slaughter house.If you look up CFR TITLE 22 FOREIGN RELATIONS.It will show you that every BAR CLERK OF COURT,JUDGE&ATTORNEY,Police Officer or Sworn Officer are FOREIGNORS an against All Americans,contracted from outside of this country we call America.You want to know why maybe an American is suffering from cancer this is the proof that there spraying us all.STATUTES AT LARGE Union Calendor No.1078.81st CONGRESS,2nd Session House Report No.3123. THE NATIONAL LAWYERS GUILD LEGAL BULWARK OF THE COMMUNIST PARTY.September 17,1950.Prepared and released by the Committee on UN-AMERICAN ACTIVITIES U.S. House of Representatives Washington,DC.This is Congressional record that the whole BAR,ALL JUDGES,ALL LAWYERS Operate in our courts in UN-AMERICAN ACTIVITIES against all AMERICANS rich or poor.You are not allowed to run a monopoly its illegal.The BAR created the Smith act,it is a anti communist document.The very people writing out anti communist document&laws&the Smith act are the same people who hold the Communist position in this country.It is easy for them to point the finger at us to draw attention away from themselves.An they want to call in guys with little white jackets for us.The BAR has a code of ethics,their suppose to have integrity.RICO is a racketeering enterprize.The BAR is suppose to be honorable.Under U.S.C. TITLE 27 the BAR IS an AGENCY.The Cop is a paid employee.The Prosecutor is a paid employee.The Judge is a paid employee.The Clerk is a paid employee.Proof of the illegal monopoly.
As far as sovereigns being impotent an not making change that i do not know?As a proud American i admit as a caucasion I had the privilege of working with the great Dr. Gerald Johnson former Oceanside Ca President of the NAACP who was also Oceanside Police Chaplin,Donavin Prison Chaplin in San Diego Ca.An head of security over 14,000 Church Of God In Christ churches an who worked with the Department of Justice.Because of my love for this country.With that being said in 2010 working under Dr Gerald Johnson he proved through MATH before California Senators an our Govenor at the time using simple addition n subtraction that it would be cheaper on the TAX Payers of this country we call America to put prisoners into Drug Counseling an rehabilitate them,then to just make them go to prison time get out an re offend.This system is known as THE RE-ENTRY PROGRAM.California was one of the States to be an example to all other states to adopt this RE-ENTRY PROGRAM so that money could be spent in a better way,an so prisoners can learn why doing drugs is destroying them,there families are country an causing them to re offend.This isn’t IMPOTENCE it’s proven to be helpful to this country.An it’s caused great change for the good.When ever you want answers concerning money an drugs you have to follow the gold.Dorthy fell asleep not in a field of roses but in a POPPIE FIELD.Holywood was trying to tell us theres going to be Heroin Pandemic thats going to hit America like no other.Dorthy wanted a short cut off the yellow brick road which symbolizes Gold to the Wizard of Oz.Many prisoners if you ever care to hear there story wanted a short cut.An in that they got caught up in drugs.These bankers want us all to fall asleep so they can cash in our BIRTH CERTIFICATES.You ever study the story of Theodore Roosevelt his grandfather was the biggest Heroin dealer in Hong Kong in the 1800s.That’s why Theodore didn’t know what to do with his life he was filthy rich before becoming president he use to just travel the world as a treasure hunter.He heard of hidden treasurers of gold hidden in South America never found it almost died trying to find it?Came back to America pumped his name up an became president.