Madrid

Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch “Buy to Rent” in Spain

by

Screen Shot 2014-08-29 at 3.15.21 PMLiberty Blitzkrieg was early in reporting on the trend of financial firms entering the U.S. residential real estate market with “all-cash” bids for tens of thousands of homes with the intention of turning former homeowners into permanent sources of rental income. The first of many pieces I published on the topic was in January 2013, titled: America Meet Your New Slumlord: Wall Street.

Now that the financial oligarchs have had their way with the U.S. property market, to the point that average citizens can’t even afford to own a home (Zillow recently showed that 1 in 3 homes are unaffordable), it appears they have turned their sights overseas. What better market for bailed-out bankers to feast on than Spain, with its 50%+ youth unemployment rate and a continued depressed real estate market.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Catalonia Declares Itself a Sovereign Entity: My Thoughts

by

The overriding trend globally is decentralization, which is the natural reaction to an overly centralized monetary and financial system that has done nothing but enslave the masses while the connected global oligarchs loot everything in sight.  The more the power structure fights this trend, the more chaotic the transition to decentralization will be.  However, decentralization is inevitable no matter how hard these crooks fight to preserve the current system.

From the Associated Press:

MADRID (AP) — The parliament of Spain’s powerful northeastern region of Catalonia has approved a largely symbolic declaration stating the region is a sovereign entity, paving the way for a referendum on independence from Spain.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.