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 if you pay taxes in California you should be pissed off you are being charged to help keep this real estate bubble that is destined for a collapse you're you're uh being charged to help keep this thing inflated at goldsilver.com we have a price match guarantee free shipping and global storage options thanks for making goldsilver.com your bullion dealer you know I just can't believe that what politicians do it just is beyond me they don't know anything about economics yet they keep on manipulating the economy

with all of these laws that are eventually going to be the Doom of the currency of the banking system everything else when you've when you've already blown things into massive massive Bubbles and if you want to see the scale of all of the bubbles that's in chapter five of my book uh the great gold and silver Rush of the 21st Century um but you know as an example take what California is doing now uh they're going to uh fund 20 down payments with zero percent interest for home buyers with

incomes up to two hundred and eleven thousand dollars now Australia this is coming out of people's taxes California doesn't have they don't produce you know the government doesn't produce anything same thing with the federal government they don't produce anything except burdens and regulations that is their job uh so they're taking taxes from uh everybody and then they're giving them to new home buyers not the ones that bought a home last year if you bought a home in California if you pay

if you pay taxes in California you should be pissed off you are being charged to help keep this real estate bubble that is destined for a collapse you're you're uh being charged to help keep this thing inflated now if you go to my YouTube channel and do a search for how China will blow up Australia you'll see this video right here and it's got some live presentation in it but uh the Australian government charges Australians taxes and then there's the um first-time homeowners uh boost they

called it uh and then there was a another uh thing where they so they're giving grants to people uh to buy their first home you get so many thousand you know 20 000 Australian dollars or forty thousand Australian dollars and then uh to keep the bubble going they started giving incentives to buyers coming from China because there were so many people coming from China and investing in Australian real estate and so they're charging a family in Australia they're charging taxes and giving it to the to a

Chinese buyer to keep home prices going up so that the Sons and Daughters of those taxpayers can't ever afford to get into a home and now we're doing the same stupid kind of stuff in uh in California I just can't but believe the insanity of these politicians and then here is Blackstone bought these buildings this is in Santa Ana which is in Orange County uh in 2014 and their class A office towers and they sold uh days ago at a 30 36 percent discount uh now I'm guessing that means from the

price that Blackstone paid in 2014. uh that is signs of a real estate collapse now this all of these bubbles that were in they would not be possible if we used money uh we use Fiat currencies and bank credit and to paraphrase JP Morgan he said this back in 1912. gold is money everything else is credit well gold and silver are money everything else is fraud theft and and uh and enslavement uh when you buy a home uh this I I put a home value million bucks here uh and with 20 down which the California government will

give you now and they're going to get paid back out of the supposed uh uh appreciation of the home uh which means they're going to get paid back out of the devaluation of the dollar that's what they are counting on is that inflation will continue they're going to boost home prices by taking tax dollars and funneling it into real estate and then if the home is ever sold whatever the appreciation is they'll get paid back and it's zero percent interest if if you look at the way currency is

created Bank credit is an IOU for uh for Federal Reserve ious so uh when you see digits in your bank account that's a reminder to the bank that they owe you a certain number of Federal Reserve notes uh which is another IOU from the Federal Reserve um but the way fiat currency most of it because 90 of what we use is Bank credit the way most of it is created you want to buy a house you bring that house to the bank and you say I've got this house I want to buy and I need to borrow a million bucks and the bank uh looks at

you your credit's good they imagine a million dollars of brand new dollar brand new dollars that they just type into your account it's imaginary the entire monetary system globally is just imaginary at this point they imagine it into existence and you go along and you make payments you're you're now bound their asset is the loan document that you've signed you've got they've got this mortgage that they're going to make interest on and you're going to be working for 30 years and part of your

life is tied up in earning this currency and paying the bank so it is a way of you're going to get the asset but if you look at this loan here this is an eight hundred thousand dollar loan you end at today's rates you're going to pay a million bucks of interest on that eight hundred thousand dollar loan now the Blue Area the dark blue is the principal when you pay the bank back principal that uh dollar gets annihilated when it reduces the debt on the balance sheet everything balances so all of these

dollars vanish the eight hundred thousand dollars that was imagined into existence gets unimagined uh through this 30-year loan but at the beginning of a loan you're paying almost all interests so this is the big scam and most people will have a house for five or ten years and look at how much of the house you actually own the principal the the the the your uh equity in the home most of what you've paid and they keep you on this treadmill you you change homes and what happens is you're paying

almost only interest again every time you buy and sell a house you're you're always stuck on this end and you never end up really owning the home the banks and end up keeping you on this treadmill of paying interest and then when you finally do get to pay off the principal here all of that currency vanishes that is the reason it is not money and people need to stop calling it money because this stuff is imagined into existence and it vanishes it went at some point and money is supposed to be a store of value that is

a primary function of money anybody at this point calling Fiat currencies money is just flat out wrong and they really don't know what they're talking about so if you're listening to another commentator talking about the US dollar as money they really they they have not caught on yet this isn't money uh for five you know for five thousand years gold and silver have been uh one of the predominant currencies uh for the last 2500 for the last 2500 years they have been money and they have been the only

thing to prove themselves money over the long term everything else comes and goes maybe we will have a uh a crypto one day that is uh uh stable as far as purchasing power goes and uh and perhaps that will be a new money but right now the only things that our money are gold and silver I want to thank you for watching we'll see you next time thanks for watching but this is by no means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of

information at ggsr21.com thanks