THE DOCTRINE OF THE N.A.F.T.A. GLOBALIST DEMOCRATS IS TO SERVE THE BILLIONAIRE CLASS WITH ENDLESS WAVES OF INVADING 'CHEAP' LABOR SUBSIDIZED WITH WELFARE FUNDED BY TAXES ON MIDDLE AMERICA.
In many speeches, Mayorkas says he is building a mass migration system to deliver workers to wealthy employers and investors and “equity” to poor foreigners. The nation’s border laws are subordinate to elites’ opinion about “the values of our country,” Mayorkas claims.
A Kroger store sign [Photo by Wikimedia Commons/mcsquishee / CC BY-NC-SA 4.0]
A worker died last Friday at a Kroger distribution warehouse in Memphis, Tennessee amid a blistering heatwave which impacted much of the United States. Tony Rufus, a Memphis Kroger Distribution Center worker, was found unresponsive Friday night and declared dead by Memphis police.
Rufus worked in the distribution center’s Salvage Department loading and unloading product from trailers. According to reports, he was sweating profusely, asking for water and was desperately seeking places to cool off in his area, which was not air conditioned. He was later found slumped over his pallet jack.
Friday’s high reached a blistering 101 degrees Fahrenheit (38 Celsius) in Memphis, and workers say the interior of the Salvage Department is often much hotter than outside temperatures. While workers are contractually guaranteed a fifteen-minute break every two hours, this is simply not enough in such dangerous temperatures.
According to the Bureau of Labor Statistics, between 2011 and 2021 there were 436 work-related deaths caused by heat exposure in the United States. This will no doubt get worse as temperatures rise as a result of climate change.
One group of workers who have been particularly hard hit by the increasing temperatures are delivery drivers, whose vehicles frequently lack air conditioning. At UPS, the company actually removes air conditioning systems from its vehicles after purchasing them, and at least 143 UPS workers suffered heat or dehydration-related injuries since 2015, according to OSHA reports.
Rufus’ death came only three days after the Teamsters union declared the ratification, under suspicious circumstances, of a new contract at UPS. While the union bureaucracy claimed the deal contained historic improvements, it is in reality a sellout which maintains UPS as one of the most exploited unionized workforces in the country. The contract includes an agreement with the company to include A/C for all new vehicles, a meaningless concession given that the company operators its trucks for two decades or more. Last Wednesday, the day after the contract was ratified, a UPS driver died of heat-related illness in the Dallas, Texas area.
The Teamsters also cover Kroger warehouse workers. A representative for Local 667 in Memphis claimed that before Rufus’ death they had pressed Kroger to improve its heat-related safety standards in the distribution center, including more breaks and cooler temperatures.
However, such demands were never even raised in relation to UPS hubs, which also lack air conditioning and where the vast majority of UPS employees work as low-paid part-timers. Also last Friday, temperatures reached 99 degrees Fahrenheit in Louisville, Kentucky, where the company’s massive Worldport air freight hub is located. A worker from Worldport told the WSWS that the complex, which has more than 8,000 workers, no longer even has emergency medical services on site as a cost-saving measure. Instead, Worldport shares EMS with the Louisville passenger airport a mile and a half away.
The Kroger Company is the largest grocery retailer by revenue in North America, with a workforce of over 465,000. The company is infamous for its low pay and poor working conditions, which have gotten worse during the pandemic. In fact, Kroger warehouse workers in Memphis walked off the job in March of 2020 during the opening surge of the pandemic. In 2021, 19-year Kroger veteran Evan Seyfried took his own life after being harassed and bullied by a store manager for taking COVID precautions at work.
These conditions are enforced with the complicity of the union bureaucracy. The United Food and Commercial Workers Union, which covers many Kroger store workers and workers at its subsidiaries, has forced through one sellout after another. Last year, the UFCW rammed through a contract with below-inflation raises in Indianapolis in a second vote after workers had rejected it the first time, then deleted their social media page in order to pre-empt any opposition. The UFCW also isolated a strike by King Soopers workers in early 2022.
A Chinese company, now revealed to employ hundreds of Chinese Communist Party (CCP) members, is set to build two electric vehicle battery plants in northern Michigan after scoring approval from Gov. Gretchen Whitmer (D) and President Joe Biden.
Earlier this year, Democrats in the Michigan legislature approved plans by Gotion Inc. to build a $2.3 billion battery plant near Big Rapids with millions in state taxpayer money and potentially billions in federal tax credits as well.
Similarly, Gotion Inc. is looking to build a second battery plant in Michigan.
In June Biden’s Treasury Department approved the Gotion battery plant project outside of Big Rapids. At the beginning of this month, Gotion purchased nearly 300 acres of land in Green Charter Township where the plant will eventually sit — just 100 miles from Camp Grayling, which is the largest United States National Guard training site.
Camp Grayling in Grayling, Michigan. (John L. Russell/AP)
According to an ESG report, published by the Daily Caller, Gotion’s parent company employs hundreds of CCP members and is led by a member of the CCP, despite repeated denials from executives that the company is controlled by the party.
“Gotion High-Tech founded a CCP branch in 2010 that was upgraded to a CCP committee in 2014,” reads Gotion High-Tech’s 2022 ESG Report. “The CCP committee’s subunits are two CCP general branches and 11 party branches, currently with 923 CCP members, among which over 50% hold master’s degrees or higher.” [Emphasis added]
Gotion High-Tech’s CEO, Li Zhen, is also identified as the party secretary for the firm’s CCP committee within a section of the 2022 ESG report highlighting the company’s 2022 “party building work situation.” [Emphasis added]
The revelation comes weeks after a Foreign Agents Registration Act (FARA) filing, reported by Fox News, discovered that Gotion was registered as a Chinese foreign principal.
Meanwhile, residents in northern Michigan are outraged by the prospect of a CCP-linked company buying up hundreds of acres of land and becoming a major employer in their small community.
Gotion’s battery plant is not the only Chinese investment worrying residents. As Breitbart News has reported, Ford Motor Company and China’s Contemporary Amperex Technology Co. (CATL) are proposing a $3.5 billion electric vehicle battery plant in Marshall, Michigan.
CATL is China’s premier electric vehicle battery supplier. CATL CEO Zeng Yuqun is a member of the Chinese People’s Political Consultative Conference (CPPCC) National Committee — a high-ranking CCP advisory body that serves as a central component of the party’s “United Front” efforts.
China’s “United Front” efforts, as the federal government has detailed, are considered to be a front for CCP intelligence operations overseas.
Like the Gotion project, the Ford-CATL joint venture is getting hundreds of millions from Michigan taxpayers and is likely to win possibly billions in federal tax credits, also funded by taxpayers.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
President Joe Biden’s deputies have targeted six poor communities in New York and New Jersey as locations to resettle the foreign migrants now overflowing government-funded shelters in New York City.
The list of sites was sent to state officials, and promptly leaked to Bloomberg, which reported:
Most of the sites are outside of the city, including Stewart International Airport, a small Hudson Valley facility frequently used by private jet owners. The Atlantic City location is even in another state, New Jersey.
One recommended site, Massena International Airport, is 365 miles (588 kilometers) from the city, in remote St. Lawrence County on New York’s Canadian border. It serves as a US Customs port of entry from Canada.
There are two sites in Schenectady, one near Bear Mountain State Park, one near Newburgh; and one site in New Jersey at Atlantic City Airport.
“The burden put on our citizens would be overwhelming and the effect on the school system, roads and resources to accommodate them would be devastating,” responded Laura Pfrommer, the Republican Mayor of Egg Harbor Township in New Jersey. She added:
The humanitarian crisis created by the federal government is not appropriately dealing with the issues of immigration has unfairly resulted in small communities having to bear the brunt of this inaction … We strongly urge the federal government to actually deal with the situation at the border and not shift the responsibility to communities.
The list names also five sites in New York City, including Floyd Bennett Field in Brooklyn, which has been approved by New York officials.
The state’s Democrat politicians know the resettlements are unpopular, and that prior efforts have prompted protests and reversals. So they are reluctant to let the city’s Democrats shove their city-made migrant problem outside the city before the 2024 elections.
“We cannot and will not force other parts of our state to shelter migrants,” Governor Kathy Hochel said in an August 24 speech. “Nor are we going to be asking these migrants to move to other parts of the state against their will,” she added.
Hochul’s proposed fix is to let the illegal migrants get federal work permits so they can compete for jobs once they get over the border. That policy would cut wages for working Americans — but allow politicians to declare that the migrants are not on welfare.
The policy would also provide the Democrats’ wealthy donors with a huge supply of cheap and compliant workers, renters, and consumers.
A group of those wealthy New York City donors are now asking the federal government — and the nation’s taxpayers — for a $12 billion bailout of the city. The bailout is sought because the flood of cheap migrants has far exceeded the city’s planned welcome.
New Yorkers outside the city do not want the city’s migrants to move into their counties.
Any new migrants force down wages, push up housing costs, and burden local governments. For example, officials in Rockland County, just north of New York City, are dealing with housing squalor and rising school costs caused by the arrival of the kids and families of migrants who work in New York.
A majority of political independents in New York say international migration has been a burden to the state over the last 20 years, according to an August poll by the New York Times and Siena College. Fifty-one percent of independent voters and 67 percent of Republican voters said immigration was a burden when they were asked, “Looking back over the past 20 years or so, do you think that migrants resettling in New York has been more of a benefit or more of a burden to the state?”
Many of the federal migrant sites are in poor areas where many Americans struggle to survive. But the planned arrival of young, healthy, and desperate migrants will likely allow U.S. employers to discard old, sick, and alienated Americans. For example, City-Data.com reports:
21.4% of Newburgh, NY residents had an income below the poverty level in 2021, which was 34.9% greater than the poverty level of 13.9% across the entire state of New York. Taking into account residents not living in families, 24.3% of high school graduates and 43.6% of non high school graduates live in poverty. The poverty rate was 22.5% among disabled males and 31.5% among disabled females. The renting rate among poor residents was 93.3%. For comparison, it was 61.8% among residents with income above the poverty level.
However, few migrants want to leave New York City, where they can earn the higher wages that they need to pay back their high-interest smuggling loans.
The migrants also know they minimize their city housing costs by crowding into shared apartments or by occupying the city’s free shelters created for poor Americans.
Also, the sites targeted by the federal government are far from the government services needed by the penniless migrant families who are being welcomed by Biden’s border deputies. Bloomberg noted:
“At these sites, it seems unlikely that anyone would be able to have access to any place where they could work,” said Josh Goldfein, a staff attorney at Legal Aid. “It’s far from legal services, from access to medical care.”
Biden’s huge inflow includes roughly two million legal migrants, 3.5 million illegal and quasi-legal migrants allowed through the southern border, roughly 1.6 million “gotaways” who sneaked over the border, plus hundreds of thousands of migrants who have refused to go home when their legal visas expire.
Chicago Residents Gather to Oppose New Migrant Shelter at Lake Shore Hotel
Scores of angry residents of Chicago’s Hyde Park neighborhood gathered at an August 30 community meeting to oppose City Hall’s plans to house several hundred illegal border crossers at the Lake Shore Hotel.
The hotel had been a designated shelter in the past, but residents say that the illegals brought with them a host of problems, including loitering, noise, littering, and open drug use and dealing, according to ABC 7.
Many residents do not want a repeat of the past issues and spoke out against the plan to bring upwards of 300 migrants to the hotel this week.
During the standing-room-only meeting, resident Dora Lewis exclaimed, “I don’t want them there! Take them someplace else or send them back to Venezuela! I don’t care where they go!”
“I am absolutely livid, livid. You all are so hypocritical. I live right across the street from that hotel. Back when they were there in the spring,” Lewis added. “They would be on our lawn, on our benches. I’m walking around the building; what do I walk upon? Three men urinating on the building.”
“This is wrong. You got 73 percent of the people that are homeless in the city are Black people; what have you done for them?” Lewis added.
Hyde Park resident Cornell Tyler was careful to note that it is perfectly fine to take care of people, but one should take care of his own first.
“I don’t say anything about taking care of other people, but you take care of your own first. Don’t you? Don’t you take care of you own before you take care of somebody else?” he told ABC 7.
City officials tried to tamp down the criticism by insisting that the illegals that would be housed in the hotel would be families, some with children in need of medical care.
Chicago’s Office of Emergency Management added that the illegals are only scheduled to stay at the hotel for six months but would not commit to that as a hard deadline, adding that things could easily change, and the timeline could be extended.
Alderman Desmon Yancy of the 5th Ward said he was surprised by the plans and only found out on Wednesday about Friday’s plan to move the hundreds of migrants into the hotel.
“I found out on Wednesday [and] called the meeting immediately. I don’t know what happened before I got here,” Yancy said, according to Fox 32. “But in the spirit of transparency, this is why we’re in a room, because I felt that it was important for community members to know what was going on in their neighborhood even if the mayor’s office wasn’t willing to.”
City officials never informed the neighborhood of the plans but said they would move ahead on Friday despite what residents said at the Wednesday meeting.
Residents were also surprised when it was revealed that nearly 150 migrants had already been living in the hotel.
Not everyone spoke out against the plan. Alderman and migrant activist Andre Vasquez feels the city should pay any expense to house the illegals arriving in Chicago but criticized the states sending them northward.
He also blasted the naysayers and their opposition to the housing plans and accused them of aiding an “attack on the city of Chicago” by other states sending buses of illegals to the Windy City.
“It is an intentional attack on the city of Chicago to get us to be divided,” Vasquez exploded. “They don’t want to see a successful Democratic Party; they don’t want to see the president reelected; they want to see Chicago look like a disaster.”
Wallace Goode argues with Dora Lewis during a meeting at The Promontory in Hyde Park, Chicago, on August 30, 2023, to discuss a plan to turn the Lake Shore Hotel into a shelter for recently arrived migrants. (Trent Sprague/Chicago Tribune/Tribune News Service via Getty Images)
Officials say that more than 13,000 border crossers have arrived in Chicago since August 2022.
Recently elected “progressive” Mayor Brandon Johnson has taken heavy criticism for stashing illegals in parks, closed school buildings, and university campus buildings.
Johnson took criticism for his migrant shelter in Wilbur Wright College on the Northwest Side, even though citizens gathered in May to protest the plans, and was blasted for designating Chicago’s Daley College as a shelter where he stashed another 400 border crossers.
Every shelter has presented a long list of problems for residents.
In July, 42nd Ward Alderman Brendan Reilly blasted City Hall for the dangerous conditions a migrant shelter had created in his downtown Ward. Reilly was incensed after the illegals Mayor Johnson stashed in a closed hotel had initiated problems, including open drug use, prostitution, human waste, and other serious issues.
Crime has risen around many of these migrant shelters throughout the city. In August, a fight broke out at a migrant shelter only blocks from some of Chicago’s famed institutions, including John Marshall Law School, Prtizker Park, and Harold Washington Library.
Migrants have also been stashed in many of Chicago’s police district headquarters buildings. But in July, several police officers were accused of sexually abusing a migrant girl and getting her pregnant in an incident, causing City Hall to claim it would stop housing illegals in police stations.
However, a recent series of photos posted to X shows that at least some police stations are still being used as shelters despite City Hall’s claim to have ended the practice.
ONE OF BIDEN'S BIGGEST BRIBESTERS IS LARRY FINK OF BLACKROCK. THEY PUMPED MORE THAN $30 MILLION INTO JOE'S ELECTION CAMPAIGN WITH JOE'S PROMISE THAT HE WOULD FLOOD AMERICA WITH MILIONS AND MILLIONS OF ILLEGALS WHO WILL ALWAYS BE RENTERS.
THEN FINK/BLACKROCK WENT OUT AND ACQUIRED $60 BILLION (not million) IN RENTALS.
AFTER THAT THE RENTS WENT UP AND UP AND UP.
BLACKROCK IS JOE BIDEN’S BIGGEST BRIBESTER.
Mr. Kennedy calls the issue a “crisis,” and directed blame on companies like BlackRock, State Street, and Vanguard.
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
Democrat presidential candidate Robert F. Kennedy Jr. waves to the audience after delivering a foreign policy speech at St. Anselm College in Manchester, N.H., on June 20, 2023 (MORE BELOW)
Democrat-Corporate Alliance: Big Banks, BlackRock, Pfizer Back Hochul Plan to Have Americans Bail Out New York for Illegal Immigration
The nation’s biggest banks on Wall Street, investment firms, and pharmaceutical companies are among a number of multinational corporations throwing their support behind a plan from New York Gov. Kathy Hochul (D) that would have American taxpayers bail out the sanctuary state for an illegal immigration influx.
As Breitbart News reported, Hochul unveiled the bailout this week — promising to lobby President Joe Biden for millions, potentially billions, in American taxpayer money that would ensure border crossers and illegal aliens in New York secure jobs, healthcare services, housing vouchers, and free public transit.
“It is past time for President Biden to take action and provide New York with the aid needed to continue managing this ongoing crisis,” Hochul said in an address.
Hochul’s bailout plan is now receiving praise from the corporate lobby, a number of whom are donors to the upstate Democrat.
In a letter from the Partnership for New York City — a coalition of massive multinational corporations — business executives write to Biden that they fully support such a bailout and ask that he consider moving ahead with the plan.
“We write to support the request made by New York Governor Hochul for federal funding for educational, housing, security, and health care services to offset the costs that local and state governments are incurring with limited federal aid,” the executives write.
Most importantly to the corporate lobby, the executives note they want to see the Biden administration release border crossers and illegal aliens into the United States interior with work permits so they can take American jobs and expand the labor market.
Mass immigration is a boon for Wall Street, real estate investors, and corporations as it adds millions of new consumers to the economy, new residents who need housing, and new workers whom employers can hire to keep the price of labor down.
WATCH: Migrants Sleep On Sanctuary New York City Streets
Saul Acevedo
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“… there is a compelling need for expedited processing of asylum applications and work permits for those who meet federal eligibility standards,” the executives continue:
Immigration policies and control of our country’s border are clearly a federal responsibility; state and local governments have no standing in this matter.
There are labor shortages in many U.S. industries, where employers are prepared to offer training and jobs to individuals who are authorized to work in the United States. The business community is also providing in-kind assistance and philanthropic support to organizations that are addressing the immediate needs of this largely destitute population.
Executives who signed the letter represent corporations like Pfizer, Paramount, JPMorgan Chase, BlackRock, the WNBA, Citibank, Macy’s, AlleyCorp, Wells Fargo, Blackstone, Etsy, Goldman Sachs, Hearst, Maverick Capital, McGraw Hill, Tapestry Inc., the Georgetown Company, MetLife Inc., the IBM Corporation, LVMH, HSBC Bank USA, Deutsche Bank, Vox Media, and Apollo Global Management, among others.
“… we urge you to take immediate action to better control the border and the process of asylum and provide relief to the cities and states that are bearing the burdens posed by the influx of asylum seekers,” the executives write to Biden.
A number of the executives who signed the letter served as major donors to Hochul’s gubernatorial re-election bid last year against former Rep. Lee Zeldin (R-NY).
Hochul donors whose companies signed the letter include those linked to Vornado Realty Trust, the Related Companies, Tishman Speyer, the Fisher Brothers, and Standard Industries.
Already, American taxpayers are billed $143 billion annually for costs associated with illegal immigration. This estimate does not include any of the social and economic costs — such as higher housing prices, depleted wages, lost jobs, increased crime, and strained public resources at hospitals and schools.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
Biden Admin Blames NY for Not Communicating Better With Illegal Immigrants Who Are Overwhelming City
The Biden administration responded Monday to criticism from New York elected officials over the migrant crisis, citing "structural and operational issues" with the state and city’s response.
Homeland Security secretary Alejandro Mayorkas sent letters to Democratic Gov. Kathy Hochul and New York City mayor Eric Adams, citing two dozen areas where the city needs to improve its response to the crisis, Politicoreported. The letters urged the city to improve data collection and "communications" with migrants in order to facilitate applications for asylum and work authorization.
The letters come the day after an anti-migrant protest in the city turned violent outside the mayor’s official residence.
Hochul and Adams have both criticized the federal government for not doing enough to alleviate the crisis.
At the same time, tensions have risen between Adams and Hochul over the handling of the crisis. Hochul recently criticized Adams, blaming him for the shortage of migrant housing. On Tuesday, Adams hit back, saying Hochul needed to aid the city in processing migrants by having other New York counties share the burden.
A recent poll showed that 82 percent of New Yorkers consider the influx of migrants a "serious" problem, with 54 percent saying it is "very serious."
Mr. Kennedy calls the issue a “crisis,” and directed blame on companies like BlackRock, State Street, and Vanguard.
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
Democrat presidential candidate Robert F. Kennedy Jr. waves to the audience after delivering a foreign policy speech at St. Anselm College in Manchester, N.H., on June 20, 2023
By Jeff Louderback
Robert F. Kennedy Jr. said that if elected president, he would create a 3 percent mortgage for Americans guaranteed by the government and funded by the sale of tax-free bonds, and he would work to make it less profitable for large corporations to own single-family homes in the United States.
“If you have a rich uncle who co-signs your mortgage, you will get a lower interest rate because the bank looks at his credit rating. I’m going to give everyone a rich uncle, and his name is Uncle Sam,” Mr. Kennedy said at a recent town hall in Spartanburg, South Carolina.
Mr. Kennedy added that the first 500,000 of those 3 percent mortgages would be reserved for teachers.
ANALYSIS: US Housing Market Facing Many Challenges From High Mortgage Rates to Lack of Supply
8/29/2023
ANALYSIS: US Housing Market Facing Many Challenges From High Mortgage Rates to Lack of Supply
Since entering the 2024 presidential race and announcing he would challenge President Joe Biden for the Democrat party nomination, Mr. Kennedy has promoted a platform centered on “healing the divide” and “restoring the middle class.”
Robert F. Kennedy Jr. speaks to a crowd at a town hall in Richmond, Va., on Aug. 23., 2023. (Jeff Louderback/The Epoch Times)
Robert F. Kennedy Jr. speaks to a crowd at a town hall in Richmond, Va., on Aug. 23., 2023. (Jeff Louderback/The Epoch Times)
He recently traveled around South Carolina talking to voters about his ideas.
“Both President Trump and President Biden are running on platforms that they’ve brought prosperity to this country. But when I travel around South Carolina and other states, I’m not seeing that,” Mr. Kennedy told an audience in Charleston. “I’m seeing people who are living at a level of desperation that I have not seen in this country ever.”
Soaring Costs and Debt
Mr. Kennedy chastised the Biden administration, noting that the country has seen higher food prices, credit card debt, and energy costs, as well as an affordable housing crisis.
“In the last two years, the price of housing has gone from $250,000 average to $400,000. Interest rates have gone up 20 percent, and we don’t need to have that happen,” Mr. Kennedy said. “There are ways that the federal government can help people without driving up the debt.”
Making it easier for Americans to buy single-family homes without competing against institutional investors is a priority, Mr. Kennedy said.
A Wall Street Journal report in 2021 showed that 200 corporations were aggressively buying tens of thousands of single-family houses, including entire neighborhoods, and significantly increasing rental prices.
Pew Charitable Trusts, a nonpartisan research organization based in Philadelphia, reported that investors purchased 24 percent of the single-family homes bought in 2021. In 2022, the number climbed to 28 percent of single-family home purchases, according to the organization.
A MetLife Financial Management study contends that institutional investors could own up to 40 percent of single-family homes by 2030.
“Americans are being shut out of the American dream,” Mr. Kennedy said.
Mr. Kennedy calls the issue a “crisis,” and directed
blame on companies like BlackRock, State Street,
and Vanguard.
A 2017 academic paper published by Cambridge University Press reported that the three firms constitute the largest shareholder in 88 percent of S&P 500 firms.
“And now they have a new target, which is to gain ownership of all the single-family residences in this country. And they are on a trajectory to do that,” Mr. Kennedy told an audience in Greenville, South Carolina.
“Usually, when a company buys a home with a cash offer, there is an LLC with an ambiguous name. It often can be traced back to one of those big companies,” Mr. Kennedy explained.
Mr. Kennedy added that Larry Fink, the CEO of BlackRock, is a World Economic Forum board member.
“The WEF is a billionaire boys club that meets in Davos every year and has a plan, which is New World Order and what they have called the Great Reset,” Mr. Kennedy noted. “Klaus Schwab, who wrote the book on that agenda, says that you will own nothing and you will be happy. They are well on their way to accomplishing that first part.”
Corporate Investments in Ohio
Earlier this year, Sen. Sherrod Brown (D-Ohio) introduced legislation called the “Stop Predatory Investing Act” that would ban federal tax breaks on interest and depreciation for corporations (JOE BIDEN’S CRONY, LARRY FINK OF BLACKROCK) that own 50 or more single-family rental homes. If passed, the bill would make it less profitable for large investment companies to buy so many homes.
In Cleveland, Mr. Brown said, institutional investors own 70 percent of homes in one zip code.
The same problem exists in neighborhoods like Cincinnati’s East Price Hill, Mr. Brown remarked.
"In 2021, the last year we have complete data at this point, investors bought 15 percent of homes, and nearly 50 percent of homes in some communities like Price Hill,” Mr. Brown told reporters. “It drives up prices and makes it harder for relatively low-income families. That's where they prey on people."
Another presidential candidate agrees with Mr. Kennedy’s assessment of BlackRock, State Street, and Vanguard
Ohio entrepreneur Vivek Ramaswamy, who has emerged as one of the main challengers behind former President Donald Trump in the 2024 Republican presidential primary, wrote on social media that BlackRock, State Street, and Vanguard represent “arguably the most powerful cartel in human history.”
"They're the largest shareholders of nearly every major public company (even of each other)," Mr. Ramaswamy posted on X, the social media platform formerly known as Twitter.
"And they use your own money to foist ESG agendas onto corporate boards—voting for 'racial equity audits' & 'Scope 3 emissions caps' that don't advance your best financial interests. This raises serious fiduciary, antitrust, and conflict-of-interest concerns."
Economic Struggle
Mr. Kennedy, who is scheduled to speak at a town hall in the Brooklyn borough of New York City on Aug. 30, criticized Mr. Ramaswamy and the other seven Republicans who were on stage at the party’s first 2024 presidential debate in Milwaukee on Aug. 23.
“The Republican debate last night was out of sync with the mood of the country,” Mr. Kennedy said in a statement, pointing out that the candidates “said nothing about the desperation and hardship working people face in this country. They said nothing about wages, housing costs, food costs, child care costs, and medical costs, or what we can do about it. They said nothing about the systemic corruption that enriches corporations and the elites as swaths of the former middle class fall into poverty.”
“Our nation deserves better than posturing and bickering masquerading as debate. Instead of arguing, we can tap into the swelling popular will to turn this country around,” Mr. Kennedy added.
Robert F. Kennedy Jr. addresses a crowd during a town hall in Greenville, S.C., on Aug. 21., 2023. (Jeff Louderback/The Epoch Times)
Robert F. Kennedy Jr. addresses a crowd during a town hall in Greenville, S.C., on Aug. 21., 2023. (Jeff Louderback/The Epoch Times)
At every stop in South Carolina, Mr. Kennedy said that one of his first priorities as president would be to change the tax code so that “it will be less profitable for large corporations to own single-family homes.”
During his address in Brooklyn, just as he did in South Carolina, Mr. Kennedy is expected to talk about the economic challenges facing American families, and his plan to address those issues.
Curbing credit card debt is another way to help more Americans achieve home ownership and become more financially comfortable.
“Many Americans are living paycheck to paycheck. The average income in this country is $5,000 less than the average cost of living. What that means is people have to make up the difference by putting those expenses on credit cards,” Mr. Kennedy told a crowd in Richmond, Virginia.
“We recently reached a milestone in this country with more than $1 trillion in personal credit card debt,” Mr. Kennedy said, adding that many creditors are charging interest rates of 22 percent and higher. “If it was the mafia, it would be loan sharking and they would go to jail, but for banks and credit card companies, it is considered the cost of doing business.”
Before concluding his remarks about credit card debt, Mr. Kennedy asked the audience a question.
“Who do you think owns many of those
companies? BlackRock, State Street, and
Vanguard,” he said. “They are strip mining the
wealth of the American public, and their political
clout allows them to do that, which is why I’m
going to make it less profitable for large
corporations to own single-family homes.”
San Francisco May Lose Lucrative Tech Conference Because of Drugs and Homelessness, Organizer Says
San Francisco could lose a massive conference that brings in millions of dollars because of the city's homelessness and rampant drug use.
Marc Benioff, cofounder and CEO of Salesforce, said his company may be hosting its final "Dreamforce" tech conference in San Francisco this year, pointing to attendees' fears about safety in the city. Benioff said he projects the event, which will run from Sept. 12-14, will bring 40,000 people to the city and inject $57 million into the downtown economy.
"If this Dreamforce is impacted by the current situation with homelessness and drug use, it may be the last Dreamforce," Benioff told the San Francisco Chronicle on Tuesday. He has told the outlet in previous years that attendees have complained about the situation in San Francisco.
Salesforce has given tens of millions of dollars to fight homelessness and crime, but the city continues to struggle with public safety, an issue that has prompted dozens of businesses to close or relocate.
Homicides in San Francisco have increased nearly 40 percent from 2020 to 2022, and deaths from fentanyl have spiked.
Old Navy announced in May it will close its flagship store. Whole Foods and Nordstrom have shuttered businesses in the city over safety concerns. The downtown area of the city has lost half of its businesses since the start of the pandemic.
Office vacancies in San Francisco hit a record-high rate in the second quarter this year. Among the companies trying to ditch their office space in the struggling city that quarter were Uber and Airbnb.
Mass migration has quickly spiked Canadians’ housing prices and rapidly reduced the share of Canadians who can own homes, admits the pro-migration New York Times.
“Basically southern Ontario has become unaffordable” amid a massive inflow of immigrants, real-estate agent Bryan Adlam told the newspaper for an October 8 article, and added:
“I have two clients I have right now whose budget is $500,000 to $600,000, which is not chump change,” he said. “Are they going to be renters for life? Probably. Has owning a home become unattainable for someone on the lower income echelon? I would say, yes.”
The impact was also admitted in a 2021 report by the government-run Canada Mortgage and Housing Corporation:
House price surges in Toronto and Vancouver between 2015 and 2019, partly owing to much higher international migration, [and] were the catalyst for significant changes in domestic migration patterns within their respective provinces.
The rising house prices also help push young Canadians out of the major cities, the 2021 report noted:
Since 2015, a greater share of people from nearly every age cohort moved out of Toronto and Vancouver to live in other regions of their respective provinces.
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For people 25-44 years old, surging house prices in Toronto and Vancouver led to a greater incidence of “drive until you qualify.” Homeownership had become too expensive in Toronto and Vancouver for many potential first-time buyers in this age group
“Census data released this month showed that the [homeownership] rate fell to 66.5 percent last year from a peak of 69 percent 11 years ago,” the New York Times reported.
The newspaper’s pro-migration editors downplayed the role of immigration, but the reporter repeatedly hinted at the relationship, writing:
HAMILTON, Ontario — Even with a budget of 1 million Canadian dollars, Ritu Choudhary and Nippun Goyal, a newly married couple living in Toronto, discovered that buying a house there would be impossible. The competition inside the city and nearby was so stiff that they had to consider 50 properties, before finally outbidding everyone to pay 995,000 Canadian dollars, or about $730,000.
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Canada’s housing costs are already among the highest in the world, driven, in part, by robust real estate markets in its largest cities, like Toronto and Vancouver, that have a global appeal.
On October 7, the Wall Street Journal also admitted migration’s role in pricing ordinary Canadians out of good housing:
Population growth, a shortage of housing stock and low interest rates helped push up house prices in Canada’s biggest centers, prompting would-be buyers to look farther afield and drive up prices in smaller, far-flung communities unaccustomed to housing booms.
The WSJ also quoted a low-wage immigrant — with eight other family members — who are helping to drive up real-estate prices:
Kanishka Noorzai and his wife, his four sons, his parents and his younger sister arrived here in February, from Afghanistan via Albania, and settled in the Waterloo region, an urban center of a half-million people west of Toronto. After a monthslong search that took him to apartments, townhouses and other domiciles, he found a three-bedroom bungalow — at a cost of nearly $3,000 a month for a one-year lease, or “really, really above our budget,” said Mr. Noorzai, 43 years old. He is currently working part time as a security guard but is seeking full-time hours.
“I really was surprised,” he said, “because I did not think it would be that difficult to find a house in Canada. It was a nightmare.”
Noorzai’s group can likely pay for their expensive housing because it includes at least five working-age people who can pool their low wages.
Immigration is also changing the housing markets for Americans as it shifts more wealth from wages to Wall Street.
Wealthy investors are using their immigration-related profits to buy more housing that would otherwise would have put young Americans on a road to middle-class housing wealth, the Washington Postreported October *
ROUND ROCK, Tex. — Adam and Tahnya Gaston arrived in this Austin suburb in June with a toddler, a dog and enough money for a down payment. But within daysthey scrapped their plans for buying a house, deterred by soaring home prices and rising mortgage rates. Instead, they’re paying $4,000 a month to lease a three-story house in a new development aimed squarely at renters.
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It’s one of thousands of “build-to-rent” developments springing up around the country, billed as an attainable route to single-family homes and front yards at a time when homeownership is increasingly out of reach.Developers are expected to add 105,000 homes in such communities this year, and 50 percent more by 2025, according to real estate consulting firm Hunter Housing Economics.
“We fit the demographic of people who, five years ago, would’ve bought a huge house in the suburbs,” Adam Gaston told the Post. “But now prices are crazy, and we’re making different decisions.”
Nearly all corporate-run media outlets in the United States favor migration. So their editors hire pro-migration reporters for the immigration beat. Very few of those immigration reporters want to recognize Americans’ views about migration, or the damaging impact of international migration on Americans’ pocketbooks, housing, and wealth.
But many ordinary business reporters want to follow the money, and they are freer to sketch migration’s economic impact in articles that are not directly about U.S. migration. Their articles tell careful readers about immigration’s impact on housing prices in Canada, or about fights over zoning regulations.
New York City’s Mayor Eric Adams wants $1 billion from other Americans to subsidize the city’s economic strategy of importing penniless immigrants for use by New York’s business leaders.
“We need help — and we need to now,” Democratic Mayor Eric Adams said in a Friday press conference, adding:
Today we’re issuing a clear message — [the] time for aid to New York is now. We need help from the federal government. We ned help from the state of New York. Our city is doing our part and now others must step up and join us …. We need those to come through.
Adams also demanded preferential treatment from legislators nationwide:
We need legislation that will allow these asylum seekers to legally work now, not the six months … We need a coordinated effort to move asylum-seekers to other cities in this country to ensure everyone is doing their part and Congress must pass emergency financial relief for our city and others. Finally, we need a bipartisan effort to deliver long awaited immigration reform.
“We expect to spend at least $1 billion by the end of the fiscal year on this crisis, all because we have a functional and compassionate system,” he said.
Eric Adams, mayor of New York, speaks to members of the media during a New York State Financial Control Board meeting in New York, on Tuesday, Sept. 6, 2022. (Stephanie Keith/Bloomberg via Getty Images)
The demand was $500 million two weeks ago, as officials counted the cost of housing migrants who are being drawn to the free overnight shelters attracted to the jobs and schooling in the so-called “sanctuary city.”
City leaders want more migrants because they help to cut wages, inflate real-estate rents and values and boost profit for local business leaders.
The policy also generates many customers for the city’s welfare, aid, housing, education, and medical agencies. For example, Adams admitted in his speech that the city is providing overnight shelters to 61,000 homeless people each night, and is adding 5,500 migrant children to the overcrowded and failing schools needed by non-wealthy Americans in the city.
The cheap-labor migrants also provide more profits for investors in the city businesses. Without the extra labor, the investors otherwise would be forced to hire unemployed Americans in upstate New York cities, or other states such as New Jersey, Maine, New Hampshire, and West Virginia.
Overall, the Biden migrants being welcomed by Adams allow the city’s Democratic leaders to preserve their high/low economy, where a small number of wealthy landlords and investors keep political power amid a fractured city of divided, diverse, distracted, and poor voters.
Between the 1940s and about 1980, the city’s wage gap was much smaller, in part, because nearly all migrants to the city were outspoken, equality-minded Americans from nearby U.S. states, such as Pennsylvania and New Jersey.
City leaders hide their post-1990s exploitation of migrants behind the 1950s “Nation of Immigrants” narrative. That elite-imposed narrative repurposes the Statue of Liberty from a celebration of Americans’ constitution into a “Golden Door” invite for foreign economic migrants.
In his speech, Adams repeatedly declared his support for the Democrats’ policy of extracting migrants from poor countries, even as he tried to blame Republican governors for the resulting economic damage to American pocketbooks:
Our right-to-shelter laws, our social services, and our values are being exploited by others for political gain. New Yorkers are angry. I am angry too. We have not asked for this. There was never any agreement to take on the job of supporting thousands of asylum seekers. This responsibility was simply handed to us without warning as buses began showing up. There’s no playbook for this. No precedent.
But despite all this, our city’s response has been nothing short of heroic. From setting up welcome centers, organizing housing, health care, and transportation, New York city agencies and their community partners have done great work in the face of overwhelming need. New Yorkers as always, have responded to this crisis by pulling together as one.
Yet Adams simultaneously denied that the Democrats’ sanctuary city policies have any role in the migrants’ arrival.
“This crisis is not of our own making, but one that will affect everyone in this city now, and in the months ahead,” he insisted, before ending his speech with a contradictory flourish:
Generations from now, there will be many Americans who will trace their stories back to this moment in time. Grandchildren who will recall the day their grandparent arrived here in New York City and found compassion — not cruelty. A place to lay their head, a warm meal, a chance at a better future. Thank you New York, for doing the right thing.
Breitbart News has extensively covered the damage caused to citizens by the establishment’s policy of Extraction Migration.
