H/t reader Squodgy:
“The Great Taking gathers pace.
Let inflation accelerate into hyperinflation so joe bigmac can’t afford to live…..then lend him money in return for title to his house and abracadabra…..”
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– Quiet Backroom Deal Just Approved – 40,000,000 Homes to be Seized:
This month, the Federal Housing Finance Agent (FHFA) and Freddie Mac will begin offering second liens on homes. It will start small with $2.5 billion that will expand into a $3 trillion loan program, which could involve 30% of all 144 million homes in America. The loans are capped at $78,000 and most will be for far less than this amount. Even a small loan will result in the FHFA or Freddie Mac being named on the title. By autumn, Freddie Mac is projected to loan $2 trillion. If the homeowner defaults, the second lienholder could make a deal with the first lienholder to foreclose quietly and FHFA and Freddie Mac will be enabled to take over the houses. Williams says the housing market will continue to be inflated, and property tax and homeowners insurance will continue to rise. New laws to force green energy systems and upgrades in homes are planned.
Note: Any investment advice in this video is not endorsed by Need To Know News as we simply report on the news.
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