Tuesday, October 5, 2010

How The Housing Crisis Will End The U.S.A. As We Know It

"Once the bankers and government elect to divert full control of the residential real estate market, or at least a majority of it, to Federal control, all private property rights cease in the United States.

The final straw will expand control into the areas of landlord and property management which shall be regulated via the government buying up those property’s loans and lastly small scale commercial real estate enterprises as the community banking system will implode without direct government intervention and soon. In the end this probably leaves less than twenty percent of all domestic real estate concerns either invested in or owned outright by private entities. With the preservation of the banking system, pension funds invested in REITs, plus the potential “Municide” or collapse of the municipal bond system (as I’ve been warning about since 2008) as a result of the housing collapse, there is little doubt in my mind that this devious yet effective plan to usurp private property rights will be sold as the only solution to the banking and housing crisis without allowing the entire economy to fail and reset. This new initiative will be reinforced with a bailout of the municipal bond system and states which are teetering on default so as to sell support for the program proposed and both political parties will be involved in the process to give it that “bi-partisan” appearance. Knowing the average American’s desire to obtain and keep “things” including their future retirement or home be it ten months or ten years out, look for the political and financial elites to act in a Machiavellian manner which leaves those freedoms God gave us and our Founding Fathers codified as a distant memory to those of us pining for the good old days." The rest at Shenandoah.

Via Western Rifle Shooters Association

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