Massive Foreclosures After Election-Fabian Calvo
By Greg Hunter’s USAWatchdog.com
Fabian Calvo buys and sells a $100 million worth of distressed mortgage debt and property a year. He says, “We haven’t even scratched the surface of being at the bottom of the housing market.” Calvo runs a company called TheNoteHouse.com and predicts, “. . . massive default and massive foreclosures after the election.” Calvo is an outspoken critic of crony capitalism on his “Fabian4Liberty” YouTube channel that has nearly 2 million views! Calvo says, “You have to flush out mal investment to get the economy working again and to rework the Constitutional Republic, you have to flush out the criminals who have hi-jacked it.” Calvo contends, “There is systemic fraud and corruption” and sees firsthand how “. . . banks are profiting from short sales and foreclosures.” Calvo thinks there is an even bigger financial meltdown on the not-so-distant horizon, and it “. . . will center around the repudiation of the dollar as the world’s reserve currency” and that food and fuel prices could “triple.” In 2013, Calvo predicts, “The next President will inherit the economic calamity that is coming.” Join Greg Hunter as he goes One-on-One with Fabian Calvo.
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Whistler Blowers, Insiders
I checked the homes that are for sale (the foreclosed ones) in one of the states that I know very well and found the banks are sitting on expensive homes that were foreclosed, and on their books these homes show values 5 to 10 years back, but the sell prices are anywhere from 30% to 75% lower than their selling prices. This is all perfectly legal but is doesn’t show the exposure of liquidity of the banks, and they are also only putting a few in each month so they can show their banks are in a ‘good working order’ when in fact they should have folded a long time back. Maybe this is why the Fed’s are pumping 40 billion into the banking system each month until the whole thing is washed. The Fed’s would be paying full value for property that has devalued and they now hold the mortgage “the banks previously held” ‘devalued assets’, and the tax payer gets to foot the bill. This whole scenario is insane, and I guess the world is going to support the elite, the crooks, and all the politicians while the working class gets what the bird left on the post. You all should read the book “the hunger games” because this is the NWO.
If you are renting money to buy a home then it’s just like renting a home except you have to pay for repairs and the state has you by the balls if you step out of line.
So called buying cost more than renting each month and ties you down but if you hang in until the debt is paid off then what do you own ????????
You own nothing whilst the very land is taxable and make no mistake that as things head north they will tax people to death who still think they have something worth holding on to.
Ex-Home owner of 30 years, sold up, brought physical silver and the fiat paper price has gone up 280% since i sold my government owned bit of land
Owning property makes you a prime target of the tax man whose job it is to funnel your money into the pension funds of useless politician parasites who live high on the hog with your sweat.
Whoever is the next president, they better not bail out the banks again… and if the people let them, it will be their own fault for letting them get away with it. If they want to bail out somebody, how about bailing the people out for a change. Give us the money to pay off our debts and the bank will get theirs from us. Then we can start over.