BlackRock, Cheap Debt, and Losing the Second Amendment to Landlords

• 1:09:09BlackRock purchases driving up real estate costs, filling NYC buildings with empty apartments used for money laundering.
• 1:09:33Tim has come around to Ron Paul's critique of the Federal Reserve for giving massive corporations much cheaper borrowing rates than average Americans.
• 1:09:56BlackRock borrows at 1.5 to 2.5 percent while average mortgage rates sit around 7 percent, giving them huge advantage to buy homes and jack up costs.
• 1:10:29If BlackRock owns your home, they could prohibit firearms or political yard signs, effectively eliminating Second and First Amendment rights.
• 1:11:03People watch reality shows about others buying twenty-million-dollar mansions instead of owning homes themselves, essentially substituting vicarious consumption for actual wealth.
• 1:11:45TV shows about mansion purchases serve as distraction from decades of stagnating material living standards in America.
• 1:12:01Steve Witkoff, a multibillionaire real estate investor, has proposed ideas to make ordinary Americans pay the same interest rates as major corporations.
• 1:12:32Solutions exist such as statutorily preventing BlackRock from accessing federal funds directly to lower capital costs for normal Americans.
• 1:12:54Media focuses on Trump saying law enforcement should prevent post-election rioting as a threat to democracy rather than discussing economic policies harming an entire generation.
• 1:13:21Economic policies are turning a generation into renters rather than homeowners, destroying the connection between American citizenship and the liberties that define the country.

Black RockFederal ReserveRon PaulSteve WitkoffDonald TrumpSelling Sunset