(BrightPress.org) – Presidential hopeful Robert F. Kennedy Jr. said he would create a 3% mortgage rate for all Americans guaranteed by the government and funded by the sale of tax-free bonds. He also suggested he wanted to stop megacorporations from buying up swaths of single-family homes across the country.
He lambasted President Biden for inflation of food prices, energy, and housing as well as rising credit card debt Americans are using to keep up with it. He said that the average price of housing has skyrocketed from $250,000 to $400,000 in just the last two years. He also pointed out interest rates have soared over 20% and that all these financial impacts were unnecessary.
He said the soaring costs were excluding many Americans from the American dream and that companies like Vanguard, State Street, and Blackrock are to blame. Those three firms are the largest shareholder in 88% of firms listed on the S&P 500, per a 2017 paper from Cambridge University Press.
He said they’re now targeting single-family homes and they’re doing a great job at acquiring them. They’ve taken to using shell companies with ambiguous names and making cash offers, sometimes over the market rate.
Kennedy added that Blackrock CEO Larry Fink is on the board of the World Economic Forum (WEF), a global organization that sees itself as the de facto manager of the world’s resources. Headed by Klaus Schwab, the organization is regularly mocked and ridiculed for attempting to influence government and corporate policy.
Appearing on CNBC’s “Last Call” RFK suggested the American economy was “in trouble.” When asked why, he pointed to the national debt of $33 trillion dollars. He said that 57% of the American people couldn’t get $1000 in the event of an emergency. He mentioned the increasing cost of housing and how young adults are unable to purchase a home. He pointed out that in decades past, you could own a home, take a vacation, and raise a family on a single income. He cited the war industry as the source problem, suggesting we spend too much on war and not enough on infrastructure.
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