EU property grab coming

I just wanna share this little piece of news with you from Europe. That last week, the European Parliament passed a rule that would make mandatory the renovation of older homes and buildings to make them so called energy neutral, make them more energy efficient. They estimate that there are approximately 35,000,000 homes across Europe that require renovation. That's probably a conservative estimate. The cost of renovating just the homes and buildings in Germany that they think are ripe for renovation, it's estimated that that will cost roughly €254,000,000,000.

You can expect, of course, that that price will go up when they actually start doing it. Now the EU Commission said that they're going to budget for approximately a 150,000,000,000, euros that should be able to be used and accessed by homeowners and tenants for these renovations, but that still leaves a 100,000,000,000 just in Germany that will have to be paid for by the owners and by the tenants. So what if they can't pay? What if they don't have the money? Well, they'll have to take out loans, won't they?

Or their properties will be seized. Or they'll have to sell them. So this is probably going to end up being a huge property grab across Europe by companies like BlackRock. Now what would be great to see is if The Gulf States snap up those properties because those properties are gonna go anyway. It's just a matter of who's gonna take them.

But at the end of the day, Europeans who can't pay for these renovations or who can't qualify for whatever financial assistance they can hope to get from the EU Commission or who can't qualify for a loan and go into debt all over again to pay for renovations on their homes. Anyone who can't do that is gonna lose their home and someone is gonna buy it. My guess is that it's gonna be companies like BlackRock, probably BlackRock specifically. And what I would like to see is for Dubai, for Abu Dhabi, for Saudi Arabia, for Qatar to buy up all of their property. So as you can see, as I've been saying, the owners and controllers of global financialized capital are throwing Europe under the bus and throwing Europeans under the bus.

And the striking thing about it is that even European governments can feel themselves being thrown under the bus, but they're still going along with it. Because why? They're not actually loyal to the positions that they hold. They hold those positions for the benefit of the owners and controllers of global financialist capital who they really work for. Because look like what's going on in France right now with Macron.

Paris is on fire because he pushed through an incredibly unpopular pension reform bill that would raise the retirement age in France. Nobody wants that. There have been protests for weeks in France against this bill. He pushed it through without a vote in parliament, and now Paris has exploded in protests. His own government is facing a no confidence vote, and his own government is on the line now.

But it doesn't matter because he's doing his job for who he really works for, which is not the French people. That's the same case with Schultz in Germany. It's the same case with Rishi Sunak in UK and on and on. They know who they work for, and it's not their own populations. It's not their own people.

Not their own national interest. They're there to serve a purpose for the owners and controllers of global financialized capital. It's that simple. So anyway, it does present an opportunity for the wealthy Gulf States to buy up a considerable amount of property across Europe, and I hope they'll do it.