After 2008, it became clear that history's largest debt bubble was imploding. So the de facto Idiocracy looked around to find anyone, and I do mean anyone, who would rescue them from certain fate. Enter Bernankenstein, student of the Great Depression. He's the genius who figured out how to save a debt bubble by making it even bigger. In other words, he wasn't a student of the Depression, he was a student of Dungeons and Dragons.
And so on from there whereby crack addicts became city mayors and casino owners became presidents. Only the dumbest and most nefarious people enter politics now because their sole job is to package and feed sugar coated bullshit to the Soylent masses self-medicating themselves into fucking oblivion.
Fast forward eight years, down the rabbit hole straight into the Twilight Zone where we find ourselves now...
Now we are told that across the biggest bubble cities: Vancouver, Toronto, San Francisco, Sydney etc. there is a colossal housing shortage. Despite the obvious fact that there has been a construction boom in these cities the likes of which they have never seen before. In fact, housing construction has became a CORE industry in Vancouver for sure, I imagine in the other cities as well. In other words, they don't have a housing shortage, they have a housing casino, consisting of tens of thousands of brand new empty condos waiting to be flipped back into the parabolic market. These speculators don't want rental tenants because then they can't flip the property on a moment's notice. It's not about income it's solely about capital gain.
The corrupt mayors and politicians in these cities allowed offshore money to turn their cities into safe deposit boxes. All while the ultra-corrupt real estate industry was more than happy to stoke the public's outrage at the housing "shortage". Among other things, by systematically lying about the vast number of empty housing units. Why? So they could build more speculative condos, that's why. Even as marginalized families worked two jobs and double overtime to afford their monthly payments. And, while the truly marginalized became homeless and then euthanized by fentanyl, while the exact same government said they didn't have enough resources to handle the homeless problem.
And of course when the bubble bursts every fucking moron and their dog, will realize it was never a shortage, it was a glut.
And then entire streets and buildings will be blighted. But then again, we've only seen this movie once and that was eight years ago, so how would we know?
We are surrounded by FUCKING MORONS.
