Fabian Calvo of TheNoteHouse.us processes $100 million of distressed real estate annually. He says we are in the process of a pump and dump real estate crisis. Calvo contends, “The big hedge funds and big private equity are buying all the real estate right now. . . . So, when they start dumping, they will be dumping to those buyers who will be getting money for free from the government. It has all the characteristics of a pump and dump scheme.” Calvo claims, “No money down loans are up nearly 20%.” Calvo predicts, “It will be bigger than the last one because it will be a bursting of multi-bubbles–not just the housing bubble, but the bubble in U.S. Treasuries. It will take out the real estate bubble. They will both go down together.” Calvo contends, “You have a mad scramble for hard assets globally. It’s not just gold. Sovereign wealth funds are buying real estate like crazy.” Join Greg Hunter as he goes One-on-One with Fabian Calvo of TheNoteHouse.us.
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Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.