Republican’s like to say, it is not just the bank’s fault that this housing bubble has burst, but that some people spent beyond their means.

Bubble after bubble, each bailout finances the next overblown contraction. The savings and loan bailout, created by Bush Sr. and McCain’s deregulation festival, financed the dot com bubble. The 500 billion dollar hedge fund bailout, following the tech bubble bursting, financed the real estate bubble. And the prime irrational actor in spiraling home costs, little blamed by democrats or republicans, were REITs.

Real estate investment trusts are rich people funds to buy land and property. No one lives on the land, few ever see or know what a REIT holds, but half the drive in prices is attributed to their activities taking land and homes off the market for speculative purpose. In fact, the surge in available properties which drives home price drops in many regions is very much a reflection of the rich having dumped much of their REITholdings.

Here is some recent history of this profitable den of irresponsibility in the guise of savvy. Three years back-

Two years back… FED culpability and a Mickey in your drink

And one year back.

And today? Good old lessons.

“Buy when there’s blood in the streets” (Baron Rothschild in 1871)

This bailout will fund the bio-tech bubble.

And none of it is a mistake. The expansions and contractions are part and parcel of elite control and dominance techniques.

Some say buy low sell high. I say, don’t buy and aim for the chest.

(I also say, buy as much woodland as you can afford and preserve it and make a well organized militia.)

Post by: Johnny Civil has written extensively under many names for Cañamo, Hanf!, The Shadow, The East Coast Ledger and many other outlets.