Whether it’s drug manufacturers coming up with a new lifesaving drug, you inventing something that is going to make life easier or you just wanting to own a few acres, private property is the foundation of a free society and we are now on track to lose that within the next decade.
A few days ago I told you that the Biden administration is proposing suspending the intellectual property rights of drug manufacturers because we are in a “public health crisis”. But I made clear that this was only the beginning. They aren’t just going to take a way the patents from drug manufacturers but you are at risk of losing your property as well.
Last year, due to the outbreak of covid-19. the CDC put a moratorium on evictions where if you are unable to pay because you are out of work, you can’t be evicted. Sounds good right? Not exactly. It’s only delaying the inevitable.
You are going to end up paying the price for not paying your mortgage. Every payment missed is added to the end of your loan. So if you missed 12 payments of $1,000, your 30 year mortgage becomes a 31 year mortgage, but that’s without interest. You are also going to have to pay interest on your 31 year loan now instead of your 30 year loan. That interest now takes your 30 year loan to a 32 year loan.
If you rent, all of those months that you weren’t paying also have to be paid back at some point. Once this is over, and the moratorium ends, you are now stuck with coming up with the money for the 12 months that you weren’t paying. So if your rent is $1,000 per month and you haven’t paid your rent in 12 months, you are now responsible for coming up with $12,000 so that you are not kicked out. Still sound good?
25% of households who had a mortgage entered some level for forbearance between March 2020 and February 2021. To compare that to the last major crash in 2008, forbearance never exceeded 10%.
Oh, it gets better (worse). The federal government is now the co-signer for 70% of U.S. mortgages, including 90% of new mortgages in low income areas since 2009. Meaning, if you can’t pay, the federal government now owns your house if they co-signed on it.
This is going to be a mess to clean up. I don’t think the average person realizes how bad of shape we are in and how close we are to losing everything. We are headed for a massive housing crisis that I think is going to be far worse then anything we saw with the crash of 2008.
The Biden administration has a plan where 30% of all land in the United States will be held by the federal government by the year 2030. The current amount of land that the federal government owns is about 12%. This means, they will be taking over land the size of Texas within the next few years and it looks like this is going to be one of the ways they are going to do it.
Part of the Great Reset is people losing private property. They are openly admitting that the goal by 2030 is “you’ll own nothing and you’ll be happy.” We are well on our way to that goal. I wouldn’t be surprised if they start proposing to nationalize businesses over the next year, because the private sector isn’t doing a good enough job, or so we’ll be told.
To quote former President John Adams “…property must be secured or liberty cannot exist. The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.” The Fifth Amendment is also clear. No person “…deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.” Sadly, we are about to take a gigantic step away from the principles that this country was founded on and a gigantic step towards Marxism.