Bombshell Report Reveals Government Conspiracy To Defraud Homeowners

Summary

In this conversation, Mitch, a 35-year builder developer, reveals a shocking fraud in Texas's property tax system, where local governments are artificially inflating property values to meet budgetary needs. He discusses the legal battles against Denton Central Appraisal District and the systemic issues leading to a potential economic crisis. The discussion highlights the broader implications for homeowners, investors, and the US economy, urging for accountability and reform.

Takeaways

• 😲 The conversation reveals a potential large-scale fraud where local governments in Texas are accused of inflating property values to increase property tax revenue.
• 🏢 The issue was discovered by a developer who noticed his property was being overvalued, leading to a cascade of investigations into appraisal districts.
• 📊 The developer used statistical analysis to demonstrate that the appraisal district's data was fraudulent, with some properties overvalued by as much as 92%.
• 🏛️ The problem is systemic, with evidence suggesting that appraisal districts are under pressure to meet predetermined tax budgets, leading to manipulation of property values.
• 📉 The inflated property values can lead to financial distress for homeowners, especially if they cannot afford the higher taxes on their homes, which are now overvalued on paper.
• 💼 There's a concern that the practice is not isolated to Texas but could be happening nationwide, affecting homeowners and potentially impacting the broader economy.
• 🏦 The inflated property values also impact municipal bonds, as the tax revenue from these properties is often the collateral for these bonds, creating a potential risk for investors.
• 🏗️ The issue could lead to a crisis in the real estate market if homeowners are forced to sell their homes due to unaffordable tax burdens, which could depress property values.
• 🤝 The discussion highlights the need for collaboration between individuals, such as the developer and legal experts, to challenge the fraudulent practices and seek legal recourse.
• 🔍 The conversation suggests that there may be political and economic incentives for local governments to maintain the status quo, despite the negative impact on citizens.

Q & A

What is the main issue discussed in the conversation?

The main issue discussed is the alleged fraudulent over-valuation of properties by local governments in Texas for the purpose of increasing property tax revenue, which is claimed to be systemic and affecting homeowners across the state.

Who are the key individuals involved in the discussion?

The key individuals involved in the discussion are Mitch, a 35-year builder developer who has been investigating the property tax fraud; Robert Barnes, an attorney; and George, who is moderating the conversation and providing insights from an economic perspective.

What is Mitch's background and why is he involved in this issue?

Mitch is a 35-year builder developer with a background in statistical probability and quantitative finance. He got involved in this issue after realizing that Denton Central Appraisal District was committing fraud on the public by manipulating property values.

What evidence does Mitch present to support his claims of fraud?

Mitch presents evidence including audio tapes, video recordings, and statistical analysis showing that property values were manipulated outside of the database in Excel, and that the appraisal district admitted to these practices in public meetings.

What are the implications of the alleged fraud on homeowners?

The implications include homeowners being charged higher property taxes than they should be, potentially leading to financial strain and the inability to afford their homes, which could result in property tax auctions and homeowners losing their properties.

How does the conversation suggest that the appraisal process is being manipulated?

The conversation suggests that the appraisal process is being manipulated by using non-compliant comparisons for property values, ignoring standard appraisal practices, and adjusting property values to meet predetermined budget targets set by taxing entities.

What role do the appraisal review boards (ARB) play in this issue?

The ARBs are supposed to provide an independent review of property appraisals, but the discussion suggests that they may not be independent and are part of the same fraudulent system, potentially being influenced by the Central Appraisal Districts (CADs).

What is the potential legal recourse available to homeowners according to the discussion?

The potential legal recourse includes filing lawsuits against the appraisal districts, the registered property appraisers (RPAs), and potentially the appraisal review board members for fraud, perjury, and violation of oath of office.

How does the conversation address the issue of political and institutional pushback?

The conversation acknowledges that there will be significant political and institutional pushback due to the widespread nature of the alleged fraud and the financial interests involved, including potential impacts on bondholders and pension funds.

What steps are being taken to raise awareness and provide resources to homeowners?

Mitch and others are working on creating templates for legal challenges and providing educational resources to homeowners, with the aim of making the process of challenging appraisals more accessible and highlighting the extent of the alleged fraud.

What is the website mentioned in the conversation for more information?

The website mentioned for more information and resources related to the property tax fraud issue is 'Mockingbirdproperties.com, dccad'.

Outlines

00:00

🏛️ Introduction to Property Tax Fraud Investigation

The speaker introduces the topic of property tax fraud in Texas, highlighting a shocking revelation by a new acquaintance, Mitch, at the Limitless conference. Mitch, a builder developer with a background in statistical probability and finance, uncovered fraudulent practices by local governments in Texas regarding property tax assessments. The speaker emphasizes the need to hold these entities accountable and prevent future fraud, inviting Mitch and Robert Barnes to discuss the issue further.

05:01

📊 Uncovering Systematic Property Tax Fraud

Mitch shares his background and describes his journey in uncovering the fraudulent property tax practices in Texas. He details how the Denton Central Appraisal District manipulated property values, leading to inflated tax assessments. Despite winning lawsuits against these practices, Mitch emphasizes the financial burden on property owners. The discussion reveals a broader conspiracy involving the manipulation of data and a lack of adherence to legal appraisal standards, affecting homeowners across the state.

10:02

🏢 The Impact of Fraudulent Property Tax Assessments

The conversation delves into the implications of the fraudulent property tax assessments, suggesting that local governments are artificially inflating property values to meet budgetary needs rather than following legal appraisal formulas. This practice not only affects individual homeowners but also has broader economic ramifications, including the potential collapse of the housing market and the destabilization of municipal bonds that rely on property tax revenue.

15:02

🤝 Collaboration to Combat Property Tax Fraud

The discussion highlights the collaboration between Mitch and Robert Barnes to address the property tax fraud. They discuss the legal battles they've faced, the resistance from judges, and the broader implications of their fight against the fraudulent practices. The conversation underscores the need for a collective effort to challenge these practices and bring about systemic change.

20:02

💡 Strategies to Address Property Tax Injustice

Mitch and the group discuss potential strategies to challenge and rectify the property tax fraud. They consider the possibility of mass appeals and lawsuits to overwhelm and bankrupt the Central Appraisal Districts (CADs) responsible for the fraudulent assessments. The conversation also touches on the need for education and awareness to empower homeowners to fight against these injustices.

25:06

🌐 Broader Implications and the Way Forward

The conversation concludes with a broader examination of the property tax fraud issue, suggesting that it may be a nationwide problem. The group discusses the potential economic collapse that could result from the cumulative effects of these fraudulent practices and the importance of taking action before it's too late. They also emphasize the need for continued research and legal action to address this systemic issue.

Keywords

💡Property Tax

Property tax refers to an ongoing tax paid by property owners to the local government, based on the assessed value of the property. In the video, the discussion centers around alleged fraudulent practices in Texas where property taxes are allegedly increased beyond legal and ethical boundaries, causing financial strain on homeowners.

💡Appraisal District

An Appraisal District is a local government entity responsible for appraising properties to determine their value for taxation purposes. The script mentions Denton Central Appraisal District as a focal point of the alleged fraudulent activities, where properties are said to be overvalued to increase tax revenue.

💡Fraudulent

Fraudulent refers to actions or schemes that involve deception with the intent of gaining an unfair or illicit advantage. The video suggests that local governments and appraisal districts in Texas are committing fraud by inflating property values, thereby increasing property taxes unjustly.

💡Statistical Analysis

Statistical analysis is the process of examining and interpreting data to draw conclusions. In the context of the video, statistical analysis is used to challenge the validity of property value increases, with the claim that the data has been manipulated to justify higher taxes.

💡Standard Deviation

Standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of values. The video discusses the use of standard deviation analysis to identify anomalies in property value increases, suggesting that outliers are indicative of potential fraud.

💡ARB (Appraisal Review Board)

An Appraisal Review Board is a body that hears complaints and protests related to property appraisals and values. The script mentions the ARB as a potential avenue for homeowners to challenge what they believe are unjustified increases in property valuations.

💡Tax Assessor-Collector

A tax assessor-collector is a public official responsible for assessing the value of properties and collecting taxes. The video implies that the actions of certain tax assessor-collectors may be part of the larger issue of property tax fraud.

💡Municipal Bonds

Municipal bonds are debt securities issued by local governments to finance public projects. The video discusses how the cash flow from property taxes serves as the underlying asset for many municipal bonds, suggesting that artificially inflated property values can impact the stability of these bonds.

💡Due Process

Due process refers to the fundamental fairness required in legal proceedings. The video raises concerns about property owners being deprived of their property without due process, as their properties are sold at tax auctions due to inability to pay inflated taxes.

💡Systemic Fraud

Systemic fraud implies that fraudulent practices are deeply rooted and widespread within a system. The discussion in the video points to a systemic issue within the property tax appraisal and collection system in Texas, suggesting that the problem is not isolated but pervasive.

💡Cad (Central Appraisal District)

A Central Appraisal District is a regional entity responsible for the appraisal of properties for tax purposes. The term 'cad' in the video is used to describe the entities that are allegedly involved in the fraudulent overvaluation of properties, leading to higher tax assessments.

Highlights

Mitch, a 35-year builder developer, discovered fraudulent property tax practices in Texas.

Denton Central Appraisal District allegedly manipulated property values, causing tax increases.

Mitch's properties were targeted, with values inflated despite a decrease in rental income.

Legal battles against the appraisal district have been won, but at a high cost.

In 2023, the chief appraiser admitted to manipulating 60,000 properties' data outside the database.

An infection rate spreadsheet analysis revealed a 76% corrupt database.

The appraisal district used non-compliant comparisons for property valuations.

The fraudulent practices are systemic, affecting homeowners' ability to pay taxes and potentially impacting pension funds.

There's evidence of a predetermined budget driving property value inflation, bypassing legal formulas.

The issue is not isolated to Texas; it's a nationwide problem affecting 47 states.

The appraisal process is subjective, lacking uniformity and proper standards.

School districts and other taxing entities are at risk of bankruptcy due to unsustainable tax practices.

The property tax system is compared to the subprime mortgage crisis, with similar denial and lack of intervention.

Fannie Mae and Freddie Mac are also implicated in the appraisal fraud, pressuring appraisers to hit target numbers.

The solution proposed is to eliminate property taxes due to the corruption and shift to a more objective tax system.

Mitch's website, Mockingbirdproperties.com, offers resources and data to help homeowners challenge appraisals.

The conversation emphasizes the need for widespread awareness and action to address the property tax fraud.

Transcripts

hello fellow Rubble capitals hope you're

well I am here with my good buddy Robert

Barnes and a new friend of mine his name

is Mitch and Mitch came up to me at the

Limitless conference I was there with

Kenny marroy and uh hiosaki and RFK Jr

was there and Mitch

revealed um what I mean there's no other

word for it it's shocking it's

absolutely shocking um it's almost like

a Michael bu type of investigation but

instead of mortgage back Securities and

derivatives uh Mitch has gone into what

these local governments in Texas are

charging people for property taxes and

it's it's it's it's fraudulent to say

the least so when Mitch came up to me at

the Limitless conference I said look

I've got to get you in touch with Barnes

uh because this is right in his

wheelhouse so I wanted to invite both of

them on so Mitch could explain exactly

to Robert what's happening uh you guys

could just be a fly on the wall and then

get Robert's feedback

on you know what we can do uh to you

hold these people accountable and make

sure that this isn't happening into the

future so uh Mitch do you want to go

ahead and introduce yourself just give

your your your backstory really quick

and then tell us how you came across

this um you know quite literally a

conspiracy to fraud homeowners in Texas

sure um I am a 35-year builder developer

with a background is statistical

probability and quantitative Finance I'm

originally from Windsor Ontario Canada

and I left my home country because of

the socialism and now here I am

investigating what has come our way

since

2016 when I realized that Denton Central

Appraisal District was committing fraud

on the public and I didn't realize the

depth in 2016 but I knew something was

wrong and then in

2017 that's when we really started

digging in because they tried to jump

the value of one of my retail buildings

from what had been settled in 2016 at

roughly a million dollars to

1.7 well coincidentally my income went

down if my income goes down on an incom

producing property please explain how

the value goes to 1.7 in other words

even at 1.7 the income off the property

could not support the taxes the property

could never generate the revenue to

support the

taxes so we filed 2017 all the way

through we've been filing year after

year after year

lawsuits we have won every single one of

them but this is not

inexpensive so finally what happened in

2023 I told Matt in 2016 there was a

wizard behind the screen doing this

because there is no computer system on

this planet that could be monking with

these numbers to the point what we had

discovered well in um August of 2023 Don

Spencer the chief appraiser stood in

front of the board and told the board

that they took 60,000 properties outside

of the database manipulated them in

Excel and put them

back the person who did it her name is

Rebecca Townsen she works directly for

Spencer here's the problem she's the

wizard behind the

screen admittedly okay a week after that

Charles Stafford the board of directors

member stands in front of the board and

tells the public Mr Spencer you and your

team are the Masters at

guessing those two issues alone prove

the entirety of the case they have

admitted to manipulating the data

but it gets even better so the day Mr

Spencer said that statement I have

something called an infection rate

spreadsheet which is actually used for

studying how fast a disease rolls

through a county or country so I applied

that math to Mr Spencer's statement of

60,000 and that turned out to be

76% corrupt

database and that proves right on the

spot that they're committing fraud on a

mass scale but it got worse so let's

just say that Don Spencer lied which is

a very high probability let's turn it

from 60,000 to 880,000 that became 92%

corrupt data and what they've been doing

year after year is not using true

comparisons so if you go all the way

back to 2016 and just on one property

that one property has six comparisons

for the sake of argument that's

typically what they use well if two out

of the six are erroneous such as what

they just did with with my house by way

of example

so they gave me a comp that's 35 miles

away in Carolton Texas and they gave me

another comparison in North Lake Texas

which is about 22 miles away yet I built

the subdivision that I'm literally

standing in right now okay the law says

you have to use like kind comparisons

how better can you get than the

comparisons from the own subdivision

from your own subdivision so the point

of the matter is they have cumulatively

compounded fraud at least since 2016

that we can prove

and on the overall scheme of things

therein lies the whole problem and

that's why their databases are

irretrievably corrupted and that's why

you have a whole host of co-conspirators

and the people we're calling

co-conspirators are those who have

signed an oath as oath of office to

protect and defend the constitution of

the State of Texas and the United States

of America they violated that oath and

under Texas Penal Code that's a third

deegree

felony so as I keep saying they do not

have a defense they're caught yeah so

Mitch let me just put this in layman

terms what's happening is according to

your

research the local governments in Texas

are saying well we need x amount of

money this

year and well let's just say it's a

billion dollars and for us to get the

billion dollars in property taxes we

have to increase the appraisal value of

the overall housing stock by let's say

30%

and where whereas obviously they're

they're kind of reverse engineering the

number they need instead of abiding by

the

law which gives the appraiser a

formula to use and based on this formula

that's what the housing price or the

appraisal should be and then you're

paying a percentage of that but

unfortunately if they were being honest

about it the county or the city wouldn't

get enough of these property tax tax es

to fund the local school districts nor

would anyone buy their bonds because

let's remember that the cash flow from

these property taxes is the underlying

asset from a lot of these municipal

bonds that are being sold so you have

this daisy chain you have this domino

effect where they got themselves painted

into a corner where they said look we

we've just got

to literally commit fraud on homeowners

and we've just got to increase the their

property values based on how much tax we

need them to

pay and so I mean that's what's going on

that's at the heart of it here and you

think that this is being perpetrated not

only in Texas but Nationwide

possibly yes we have now have at least

one person from 47 different states that

have sent us emails and or sent us

evidence so we know that this problem is

a full-blown cancer over and above that

it's all the way into Canada so in

Canada the only difference is that they

have what's called C they put a c in

front of it usap uniform standards or

professional appraisal practice it's the

exact same formula that's the that just

to be clear that's the formula that's

the algorithm that by law these

appraisers are supposed to be using yes

that's the totality of the formulas it's

a 384 page document but it says these

are the types of comps you're supposed

to use here's the category you're

supposed to use standard Dev to figure

out what the outliers are they don't do

any of that so George to your point the

key word is predetermined budget so

right what happens is the taxing

entities there 67 of them inside of

Denton County by way of example they

will meet with Don Spencer the chief

appraiser and say here's our budget go

meet it that's one layer of the fraud

okay the second layer of the fraud is in

fact what's called a property valuation

study which is the creation of the state

comp controller the property valuation

study is designed to take money from one

school district and ship it to another

school district here's the problem for

the state controller there's no law that

allows him to go to Don Spencer the

chief appr appraiser and says go

increase the properties to meet my

budget under the property valuation

study in other words State comp

controller has no Authority whatsoever

to denote what a value is on a

property second layer of

fraud in other

words they can't get past their own

documents literally the first paragraph

first sentence on the Denton County

website that says we adhere to usap is a

straight up lie they don't none of them

do this has gotten to the point where

their databases are all garbage there's

literally nothing here that's working

and when Charles Stafford stands up and

says you're the masters of

guessing that statement couldn't be any

more true

that's really what's happening these

values are a pure guess to me to your

point a predetermined

budget yeah Robert what are your initial

thoughts the well uh what how have these

cases so far reach the court and what's

been the hurdles and obstacles so

far um the first of all 50% of their

case disappeared on the last judge so

the first judge in in that particular

court punted she didn't want to touch us

with a 10-ft pole before we sat down her

decision was made up she wasn't going to

hear this case end of story so she

punted and however we gave her a notice

and second

opportunity um which was the right thing

to do and she said okay fine bring it

back she wasn't in the courtroom when we

brought it back there was a sitting

judge there interestingly enough that

guy actually read the

brief and he said he looked at me and

looked at my my attorney said Mr vexler

um this is a societal issue and then he

went down the rabbit trail of Chevron

Defence which I'm extraordinarily

familiar with because I actually wrote

an amicus brief having to do with that

issue so he on his own we it wasn't part

of the conversation well he turned to

defense Council and said I hate to

inform you Mr metf but um your client

Don Spencer is the party responsible in

law and then he went on a 15minute

lecture on behalf of my attorney setting

up his situation the way he wanted it

done for my attorney to hand off to the

Appel Court in Fort

Worth this judge got it and he said this

is a societal issue boy did he get it so

the problem that the state of Texas has

not realized yet is that every time

somebody in the state of Texas punts on

this case that pushes us one step closer

to the US Supreme Court because the

sovereignty Clause under the US Supreme

Court trumps anything that the state can

do and then of course you get into the

16th Amendment versus what the state has

done because in reality market value

okay is not allowed under the 16th

Amendment tax on income is tax on

unrealized gains is not

so I'd like to be able to get you the 10

pages we'll we'll do that afterwards but

you'll be shocked as to how far we've

taken this because we took usap we tied

it to the math we tied it to the Texas

property tax code we tied it to the

Texas Constitution and we tied it to the

US Constitution so the answer your

question is what have been the hurdles

well kind of none because we're going to

win at the appell at court and then it

gets bounced back right to where we were

to the same court that didn't want to

hear it so assuming she hears it and

doesn't ignore the appell at court um

all this evidence will come out and then

we'll see where it goes from there but

they don't have a defense I mean they

literally jumped up and said oh you

can't touch us this is immunity no

that's not what the law says I can sue

the ARB members we can sue the chief

appraiser we can sue the rpa's

registered property advisers who have

committed perjury we can do all of that

we can file criminal complaints in fact

I've got 12 criminal complaints sitting

on my attorney's desk right now pending

getting past the appell court so there's

all sorts of things we can and will do

but we're at the end game of this

because they cannot defend their action

they're caught they've committed

fraud the have you had any success uh

approaching legislators or political

elected officials or anybody on on the

legislative side of the aisle or the

executive side of the aisle at inquiring

as to what's going on well there's a

fellow by name of Senator beton Court

who sits on the Texas legislature Mr

beton Court makes his living as a real

estate tax consultant he has zero

interest in fixing this problem at a

minimum he should have been forced to

recuse

himself and there are certainly powerful

people who have a benefit to ignoring

this

problem up until three and a half weeks

ago um I was completely unknown Travis

Spencer reached out and because he had

heard what what I was doing so we had a

conversation and then we put a handful

of videos together that have just jumped

off the charts in terms of what they're

doing so not that many people know this

circumstance its reach is somewhat

limited um only because nobody even knew

three and a half weeks ago that I even

existed I've never been on social media

I Didn't Know Jack squat about it so I'm

I'm kind of learning little by little

but the bigger the breadth of this like

I said there's now at least one

signature from 47 different states so

the more this gets pushed out every day

that goes by the more power we get and

there is power in numbers numbers so I'm

hopeful that eventually the Texas

legislature um will have no choice but

to wake up and smell the coffee because

the closer we get to the US Supreme

Court the worse this gets for the State

of Texas now there is a circular

argument there if we actually put it

into the federal court and we win well

this is a multi-billion dollar hit to

the state of Texas do I expect any money

no because the state doesn't have it and

you can't turn around to the taxpayers

and go get it

go what is the end game here the end

game is to eliminate the property taxes

and because Mom and Pop's balance sheet

has been decimated If you eliminate the

property taxes you put the power back in

Mom and Pop's hands where their balance

sheet in 30 years by virtue of the

principal reduction they can retire from

this plus a little bit call

$2,400 um a year stuck in an index fund

they'll put 900,000 in their pocket in

30 years from now there's things that

can be done the point is this is so so

far off the charts there is no other

solution because these cads have

literally taken something that's

supposed to be objective right usap is

about being objective you have to

quantify what you're doing they took

something that's supposed to be

objective and literally made it 100%

subjective and in the process destroyed

Mom and Pop's balance sheet mean 37% of

your population cannot afford the house

the roof over their head and and to that

point Don

Spencer on under threat of perjury stood

in front of the pre press stood in front

of the board and said well the average

price of a home in Denton County is

$514,000 okay that's mathematically

impossible he said the average price is

$514,000 the median household income is

$109,000

$109,000 at Max can only afford a

$296,000 home the the government's

actual number gross income to value is

28% the net result of that is that 67%

of your population total population

can't afford what Don Spencer was saying

is median value of a home if 67% of the

population can't afford it then it's not

the median or the average is

it he not only that yeah not only that

but uh if you keep raising these

property taxes just on this subjectivity

based on what the government needs at a

certain point the people can't pay it

and they're going to have to sell those

homes to extract the equity because they

can no longer afford they might be able

to afford their fixed rate mortgage but

they can't afford the maintenance they

can't afford the property taxes

especially if they're artificially you

know 100% higher than where they should

be they sell and then the property

values go down and I think the bigger

impact is on the Pension funds because

the there's a lot of financial

institutions that I'm sure have these

Bonds on their balance sheet where the

underlying asset for those Bond or the

the is the cash flow coming in from

these uh property taxes and if that goes

away or if that

declines then you blow a hole in these

Pension funds which goes right back to

the average John Jane so I mean I'm just

a Layman looking at this from the

outside uh looking in but my goodness

gracious I think you're going to get

some m massive push back I mean keep

doing it it's incredible but there's

going to be a lot of powerful people and

this could take them down

including a lot of the Pension funds and

and who knows the systemic risk there

I'm just looking at from an economic

standpoint but Robert uh go ahead I

didn't mean to cut you off there oh yeah

yeah the those are all good points uh

explain two things one is how do these

appraisers get into the positions that

they have in Texas are they elected are

they appointed are they appointed by

elected officials is at the local level

the state level and then secondly it

sounds like the subjectivity that you're

describing and increasing the appraisal

of the values the homes for tax revenue

purposes is not being done uniform in

other words that 30% of the homes say

are being HIIT do I understand that

right in other words are they saying hey

we're just going to jack up every value

of every home in our entire County by

25% because that helps us hit our

numbers or are they saying let's look at

the more say politically susceptible

communities and let's hit them or let's

do it randomly to say 30% so a majority

aren't objecting how how how is it

working in practice it's Target where

all the Trump voters live yeah exactly

well the property valuation study as

created by the state com controller is

in fact targeting communities they

targeted Aubrey Pilot Point Sanger but

the cheating under the hood so watch

this for a second we ran a standard

deviation analysis on my own subdivision

there are houses in the subdivision that

I built okay the value went down four I

went up

65% the uniformity of application is

virtually

non-existent then you get into the

commercial properties so this year I got

hit on an eight standard deviation move

on one of my properties so to be real

clear an eight standard deviation move

is one in 390 billion okay there's only

500,000 property tax accounts in Denton

County you know it can't happen so

that's how bad this is there's no

uniformity of application and you know

George to your point think of it this

way what do you think is going to happen

when 30,000 houses hit the market in

this Marketplace Denton County at one

time from those who can't afford it see

the cumulative effect and then to your

point about the bonds this is off theart

charts how bad this is so watch this

one I hand or the cat hands to the

taxing entity let's call it lville

Independent School District I'm sorry

Mitch who's the cad Central Appraisal

District Denton Central Appraisal

District it doesn't matter whether it's

Denton or Oklahoma a Central Appraisal

District is a Central Appraisal District

okay got it the school district itself

you understand that the balance sheet of

a school district virtually has no

assets when you read the balance sheet

what does a school have the the

buildings okay I've bought buildings

from schools you tear them down the land

that's under the buildings is levered

it's called a bond they have bonds for

land they have bonds for buildings they

have bonds for uh driveways they got

bonds for roofs they got bonds for

stadiums it's a spaghetti bowl of bonds

but George the point that I I want to

make is

that who are the bond holders it's the

Pension funds okay the school board has

no assets except the deemed ability to

get taxes from the taxpayer that we've

already gone through can't afford it so

the Tipping Point is here the Tipping

Point is now because there's no Mass to

support any more growth or fraud at the

level of the taxing entities such as the

school districts who are the pension

holders it's not Morgan Stanley Morgan

Stanley goes to the pensioners and says

give us multiple Pension funds give us

the money we'll go put it into some of

these school districts into their bonds

okay the problem is that by way of

example LISD hasn't paid off any Bonds

in three years what are they doing with

all these bonds they roll them out and

they roll them up they roll out the

timeline and they roll up the interest

rates three years ago 2.78 today let's

call it 7.78 on average so instead of

paying the stuff off when it was dirt

cheap they just kept compounding so I

call it cumulative

compounding their method is the exact

reverse of what an amortization schedule

is supposed to be they're amortizing up

amortization schedules when you own a

house you amortize down you're able to

pay it off in 25 or 30 years they can't

they never have they roll up and they

roll out the cumulative compounding

effect of the fraud is why we're at the

Tipping Point and why they can't use

usap or anything else because they've

created a systemic fraud that can't be

paid off and as far as those powerful

entities saying well you know we're

going to object we're going to object

you can object to the cows come home

this game is over you're being exposed

and it's going to happen whether I'm

standing here or not because Mom and Pop

can't pay what are you trying to do

cause a civil war you make people

desperate they're going to do desperate

things we're trying to say wait a minute

this has gotten out of hand this is

fixable painfully but it's fixable if

you let it go to the point where the

market jumps in front of you it's

everybody this is game over this will

affect the billionaires because what's a

billionaire guy going to do he's got 400

employees and all of a sudden let's say

50% of them show up and say I can't pay

my taxes what do you think is going to

happen to that Billionaire's

company this is a systemic problem and

to be clear Mitch can you explain how

these school districts are going to

these uh I guess these trials and saying

no you you you can't put a freeze on the

uh tax increases until you figure this

out because we bust so so they're on the

brink on the brink of going bust as it

is and that's with the artificially High

the

fraudulent numbers that they're getting

from these from these cads so if they if

they were actually to get the tax

revenue that they are supposed to get

then they're they're they're done these

school districts are completely done and

then I they go to bankruptcy or I mean I

guess that's a question for Robert

we put um an article together on behalf

of a school district called itasa

itasa um Southside of of Texas was

actually funding okay solar Fields

through the state comp controller's

office there's no law allowing that it's

called a 313 agreement State comp

controller created the 313 agreements

the memo that I put together said it's

my recommendation and my humble opinion

that itasa school district should be put

into chapter nine effective immediately

and completely

Unwound the value of those solar Fields

do you know that they signed those

agreements with no guarantee of Return

of principal and no guarantee of Return

of

investment no return on investment so

the bottom line is George you said it

100% I mean these school districts don't

have the money so in Taran County

literally three weeks ago two and a half

weeks ago Teran Appraisal District said

we're going to freeze these real estate

taxes effect immediately for the next

three years seven days after they said

that a lady by name of Emily wolf wrote

an article and she recorded that meeting

and in that article and in that meeting

U all the school districts of tarant

County that's Fort Worth showed up and

said you cannot freeze these values and

you must annually keep increasing them

or we're bankrupt at which point I

chimed in and said listen idiots you are

bankrupt today that money doesn't exist

because what they refuse to look at is

who's paying it that's Mom and Pop and

we already know we've got the evidence

that 37% of the households can't pay it

they're going to go broke Andor they're

going to lose the roof over their head

and therein lies the problem they simply

will not recognize the fraud that they

have created year after year it's

cumulative compounding effect we're at

the Tipping Point they just don't want

to pay attention to it my point is if

you let the market start to push this

down you will not be able ble to stop

this snowball when this gets to the

point of the bond holders when those

Bond holders wake up and smell this

fraud they will sue everybody and

everything in sight now they won't be

able to collect from the school

districts because again they're not

worth anything but that's not the point

they'll go after the individuals which

they can do in law they can bankrupt

everybody in sight anybody who's touched

this is In Harm's Way they think they're

not but they

are the go ahead Robert yeah I was say

you know uh in 2002 I was a young lawyer

two years out of Law School uh and

joined a public interest law firm with

an old uh tax lawyer uh that had retired

from tax law and wanted to do public

interest work so and we ended up

representing for a range of reasons uh a

bunch of folks who are getting scammed

in their homes in mortgages by every

means possible holder and due course

principles were being used to basically

create Fly by Night operations Etc long

story short we stumbled into the

subprime real

estate coming implosion six years before

it happened and we put it all together

figured out what was happening how was

happening why it was happening how you

know the collateralization of these

loans was a creating and was

incentivizing people getting bad loans

on bad reasons I mean people know about

the part of people who didn't have

credit getting loans that they couldn't

repay they don't know about all the

equity stripping that also took place

you know you hire a 20-year-old model to

go take out a sixpack of beer to the

widower Grandpa and all of a sudden he's

refi on a home he didn't need a refi on

uh the and things like that that took

place but when we went for legal relief

and remedy outside of individual cases

of individual PL ifs before courts the

the all the political class had no

interest in hearing about it uh even

though we explained all mean I remember

detailing we had six of the biggest bank

representatives there talking about

here's what's going to happen you know

talking about the big short six years

before the big short and they but there

was too much money in it too much money

in it for the financial side too much

money in it for the politician side they

didn't want to touch it with a 10- foot

pole and they would rather let it all

implode and blow up then take Pro

protective proactive action because you

have to try to find somebody in the

system who is not corrupted by the

incentives in place because what you're

describing is State profits from this

County profits from this the city

profits from this the elected officials

the appointed officials keep their jobs

and get their jobs from this the elected

officials get to keep their jobs because

we're not raising taxes only you know

some people's houses went up some

people's building properties went up

that's all but we're not raising any

taxes I mean that's how they could

otherwise solve this problem they have a

revenue need fine raise the property

taxes across the board problem is then

you get thrown out of office because

that's mismanaging the budget according

to most votes and and the problem is

people don't have the money anymore

Robert that that's the problem even if

they wanted to solve the problem by

increasing taxes even more there's no

more money left that the the turnup has

been go ahead yeah you can always

squeeze the Tomato so hard so long the

then that flips in the other side of how

this plays into institutional actors you

know that you'll you'll own nothing and

be happy I mean so like when I was

digging into end up representing people

against Wells Fargo and you know vulture

funds and all the rest people who own

different kinds of businesses they got

flipped into bad loans and then got had

their properties taken from out from

underneath them often the same thing is

happening for Farms right now in the

United States Farm Banks supposed to be

helping Farmers they're not they're

they're squeezing Farmers to sque to

steal their farms at bottom Barrel

prices because a lot of farmers got

hammered due to the lockdowns like take

almond farms in California you can't

stop growing almonds but you you had to

stop shipping them and people had to

stop buying them so what happens price

collapses at the same time and your

input items labor and fuel cost Spike

all of a sudden you're underwater for

say two three years well the farm banks

are supposed to be there to help you by

federal law are instead coming in and

using that Spike to say Hey you missed a

payment screw you we're going to put you

into non-judicial foreclosure we're

going to sell your property in six

months why because somebody else is

coming in and wants that property on the

cheek that's the other fact you can't

fully exclude who is looking at these

properties and thinking we don't mind if

these go to property tax auction uh

because we get them at a certain

discount that that they can individually

and institutionally profit I mean you

look at who's been buying up a lot of

real estate in the United States over

the past five years one of the things

you mentioned Robert Kennedy's been

talking about goes the why is all of a

sudden housing so inaccessible for say

middle class Millennials and Zoomers it

might have something to do with some of

the Wall Street funds that are involved

in almost trying to monopolize parts of

that market space the uh and you're

talking about the same compy companies

that have overlapping interest

everywhere you look I mean black Rock's

basically like its own country at this

point uh it's got 10% of this 50% of

that 20% of this you know over and over

again so the hurdle you'll face is not a

legal one it'll be a political one that

judges are politicians like everybody

else all the legislators and executive

branch people are politicians by nature

and what you're describing is something

that an honest prosecutor an honest cop

an honest Sheriff an honest political

official an honest appointed official an

honest executive branch official I mean

I do have confidence in the Attorney

General's office in Texas but he's

taking on everybody already he's suing

fizer he's doing you know attorney

general Paxton well you if if I if we

went to him with this one he'd be like

okay so you want me to upset pretty much

everybody in the entire State uh every

city politician County politician State

politician because what you're

describing is the state profits from

this uh and then you got all the bond

holders and you point out the conundrum

that Bond holders would have if they

actually highlight this fraud they

probably never get repaid that they're

better off keeping the fraud alive as

long as they can it's like the perverted

Marketplace that developed when I was

when we were doing those subprime

lending cases in 2002 people were so

invested they couldn't stop even even

when we kept saying you're going to go

off the cliff this doesn't work long

term this is unsustainable this is

Venezuela uh and and yet so I think

that's there's a lot of legal theories

now I think there's insurance companies

that could be sued there's a range of

other uh pra people connected to this

that could be sued a suit on behalf of

bond holders could be brought the the

the hurdle you'll have is all the

institutional incentives of all the

people in positions of power would be

for this case to never see the light of

day yeah but I mean even if Mitch wasn't

here the rubber meets the road because

you're you're trying to steal from

people money they just flat out don't

have and and Mitch can you explain to

the viewers how Fanny and Freddy also

profit from this scam so there's a

fellow by Nam of Jeremy Bago and Jeremy

is the proverbial 1600 pound gorilla in

the appraisal World he's a good writer

very intelligent guy and he did a video

with Travis Spencer and I've known

Jeremy now for four years or so five

years and Jeremy this is just literally

like 10 days ago so he explained that

the appra rers that work for Freddy

Fanny HUD are literally being forced to

commit fraud to hit the target number on

those appraisals or they get fired or

they don't get another job so same and

then Robert asked a question which is

really good he I think he said how many

what does it take to be an RPA well

here's something that's so sick and

perverse it's off it's crazy 50

hours how the world as a person with 50

hours of training by the way the license

is from tdlr Texas department of

licensing and regulation the same entity

that regulates bikini wax people

okay 50 hours how can a person with 50

hours of training be able to stand

toe-to-toe with me on an income and

balance sheet they don't even know what

it

is so it's it's literally the definition

of the blind leading the blind they

don't know what a standard deviation is

so you run into all these problems and

then that is exactly where Jeremy Bago

was going well it turns out that okay so

Bago is talking about HUD Fanny Freddy

that they've got they're being forced to

commit fraud or they don't eat well

that's exactly what's happening inside

of the cads hit the target number you

the appraiser the RPA or you're out of

here hit the target number or you don't

get your

pension this thing stinks to high heaven

in every single Avenue you look at and

the only way out of it is is eliminated

because you have to have something

that's objective well a sales tax is

objective now yes it's got to have a

little bit of work done across all the

states but the point is the system is

there and it can be fixed to the point

where you eliminate all this

subjectivity and stop people from going

bankrupt that don't have the

money yeah when you include Fanny and

Freddy in this as well it's my goodness

I I absolutely think that we should try

to solve this problem but you've got to

go through some serious economic pain uh

to to solve this problem because there's

so many Financial entities that have

benefited from this ruse you

know sounds like George it sounds like

oddly enough like China it sounds like

know China's local governments are all

tied into their real estate so any way

they can raise revenue and they caught

themselves in a situation that they

couldn't even a communist country

couldn't figure out its way out of it uh

you know that has complete State Control

still couldn't find

a means to pull out uh with in time

because everybody got to aligned with

the same incentives well let's just see

if we can get it going keep it going for

one more month maybe maybe two more

months and just had that was the their

Horizon uh but I I agree with you George

I think a best approach on this to reach

someone that might do something about it

if you're talking to a judge who puts

together oh okay you want me to upset

everybody in the world is this is

unsustainable that you know that you

want to be the judge who steps in front

of 2008 in 2006 not

2009 and because ultimately they've

created a problem for themselves mean

aside from all the illegality that's not

functional that's not

sustainable uh what's amazing of course

is Cala Harris is going around talking

about a National Property Tax I mean

disguising uniz yeah unrealized capital

gains tax but there's a legal word for

that it's property tax that's what it is

uh I mean that's what the 16 amendment

does prohibit at the federal level so

the uh uh now have you had any success

using like Foya or Sunshine laws to get

to sort of uh maybe get more

incriminatory information that might be

buried somewhere in a government email

or document or file um at this point we

really I believe don't need it because

we've got so many audio tapes of these

people at dcad I mean it's on tape it's

on video we have judge eids standing in

Fr of the county Comm he is the county

commissioner standing at the

commissioner's board defending Michelle

French who's a tax assessor collector

after the two of them were yelled at by

one of the taxing entities the mayor of

Lakewood Village and he happens to be a

forensic accountant and he was jumping

up and down saying every single one of

your numbers is fraud you can't do this

he was so mad and so frustrated he

simply turned he yelled at them turned

around walked

out so we've got it we got the Audio I

mean we have so many people pieces of

evidence like I said they don't have a

defense it's just people don't want to

pay attention but there's another way to

get to this right because it's gonna

there's another way to break the cads

there's these people are dancing on a

razor blade so if you if 40% of the

population simply said that's it we're

going to go full throttle and go to an

ARB appraisal review board process and

we are going to take the process all the

way through to the end of that ARB well

40 % of the property owners went and did

that you can break the cat there's more

than one way to skin the cat and that's

an individual I assume in Texas has the

right to appeal administratively through

the bureaucratic process to the

appraisal review board any increase in

the valuation of their home yes but the

appraisal review boards are supposed to

be independent bodies they are not they

are bought and paid for by the cats it's

it's all part and parcel of the same

fraud but that's kind of not the issue

the issue is bankr the cads the more

people that file lawsuits like there's

588 lawsuits on average that get filed

at Denton Central Appraisal District if

you double that you just bankrupted the

cad if you say that's it we're going to

go from uh let's call it 7,000 ARB

protests we're going to ratchet that up

to 12,000 you bankrupted the cad there's

multiple ways to accomplish the same

goal now it doesn't fix the overall

fraud that's being systemic and it

doesn't fix the trillions of dollars

that are risk here because that's the

type of numbers you're talking about so

coincidentally I I ran that just the

other day and there's

3,143

appraisal districts or counties right

counties in in the state entire United

States if you simply said that they

overvalued the properties for each

County by 1.5

billion that is just short of one

trillion per year being stolen now just

to be clear Denton Central Appraisal

District did this to the tune of 67

billion so one and a half billion is

ungodly

conservative but you can start to see

the size of the numbers when taking

across the entire United States but if

37% of your population your household

population can't pay the bill what have

you done you know these are humans doing

this to other humans and we are at the

Tipping Point there's no money to pay

for

this so who should be put into

bankruptcy it's not Mom and Pop it's the

entities

themselves I mean from my standpoint I

don't I mean obviously Robert has a much

better idea as to how this will likely

play out legally but my thing is um

regardless of what giant entities uh get

in your way Mitch uh people have to know

about this they they have to know that

this is happening to them regardless of

how it it plays out it it's

just I don't know Robert how do we what

would be your base case as far as how

this plays out legally and then what

would be your plan of attack to make

sure that people knew as many people as

possible know the extent to which

they're being

defrauded and what can they do about it

yeah I think toold I think it's a good

idea that if people know their right of

protest and the basic rights of filing a

suit challenging their the appraisal

that what the ordinary person could

probably benefit from is like a One-Stop

shop template that borrows a lot of the

things he's already done right so that

they don't have to research it

reinvestigate it they could just plug

and play and say okay this is what

happened to me too and I can borrow the

legal language I can borrow the temp I

can borrow the uh the the accounting

lingo the Professional Standards

language the able cases out there so

that basically everybody can file those

in mass and and that would get the

Court's attention just because of the

volume and would get the defend would

get the cities and the counties

attention because of the volume you'll

have I mean I I do civil rights cases

right now against my hometown in

Tennessee and the way they handled

volume was uh they dischar they they

ended all contracts with private lawyers

and let their local associate Council

try to become a civil rights expert

overnight um and she's you know doing 30

cases uh and you know we'll see how that

works out for them but the smarter path

would have been to fix the underlying

problem but you know they're politicians

the what is interesting is I kind of

give him credit to a certain degree if

you're like a parks and wreck kind of

corrupt politician the it's kind of the

thing that you would think of oh we

don't ever raise taxes we just randomly

find 30% of the people to screw over and

just jack up their appraisals and we get

everybody invested in the process so

that everybody's got who's got cash in

their pocket other than the person whose

cat whose cash is coming out of their

pocket uh is uh is screwed and and we

can run on how we've never ra raised

taxes here in Denton County or wherever

it is uh as SC yeah it's it's a Boss Hog

level scam you know the

uh right exactly exactly what happens

Dukes of Hazard and and The Big Short

come to Denton County Texas

yeah that's just you just hit the nail

on the head there Boss Hog level scam

that's for sure and you to your point so

Travis Spencer it's a big job because we

now realize that this is across the

United States so he is in the process

and I'm working with him to get this

done but we are creating the templates

that people generically can use across

the states we're probably another 10

days away from having it finished and

it'll need polishing over time as as

people say well put this in put that in

but we're on the path to doing that to

help Mom and Pop and the more exposure

this gets it really is about Mom and Pop

because they don't have the ability to

understand this and because everybody's

busy in their lives but you're 100%

right that template would mean an awful

lot to a lot of people yeah and if it

gives us the ability to destroy the Cass

and bankrupt them regardless of what the

state level is doing Hallelujah whatever

we can do to destroy the cads

individually so be it if that means we

have to start suing the rpas themselves

under threat of perjury or under perjury

because they've committed perjury and we

have to start suing the members of the

ARB panels we're prepared to do it we're

prepared to take this to the US Supreme

Court well I mean you do have potential

they make it hard all the courts but you

do have potential civil rights claims

yeah because in some cases they're being

deprived of the well they are being

deprived of their property without due

process of law to there's an argument

though they make it difficult these days

uh in the tax regulatory context that

some of these are takings uh without

just compensation depending on the

circumstances in terms of what

ultimately happens to a lot of these

people that end up with their property

literally taken uh sold it a property

tax auction or the like the uh the

hurdle will just be a political hurdle

uh the they'll have all the ponas pilot

what I call the pones pilot pretext of

judges of why and where and how they by

golly they wish they could get involved

with but they just can't fix that

problem and you know they're standing I

used to say it's like election cases how

is it we go last two weeks ago Robert

Kennedy not being allowed on the ballot

according to the courts and this week

they're saying oh no no you have to stay

on the ballot by the same courts right

the uh uh it's I used to say that you

know it's it's not right by Spring

there's actually legal Doctrine called

ress uh it's moot by summer that's

another Doctrine M and it's latches by

fall uh you know how you know the uh so

that if you sue early too early sue the

right time not the right time uh you

know it's like Goldilocks uh you sue

late you're out and then of course maybe

just never have standing anyway and if

none of those four don't work uh

standing was the doctrine the Supreme

Court used to weasel out of the

collusion of government censorship with

Facebook and everybody else now luckily

Robert Kennedy's case is allowed to be

sustained but everybody else has got

toss uh or they go to immunity it's

either sovereign immunity it's statutory

immunity it's constitutional immunity

which is ironic because the doctor of

unity deres from the principle that the

king is God and thus can do no wrong so

the American Constitution American

Revolution was about overthrowing that

entire system of governance and judges

just made it up and invented it about

you know half a century in uh you don't

find a lot of immunity or standing or

ripeness or mootness or latches or

political question non

non-justiciability Doctrine

interpretations until more than a half a

century in in many cases even longer

than that some cases the word standing

didn't exist in American law until

1920s uh but they're all political

they're pontious pilot wipe our hands we

wish we could get involved but we can't

excuses it's not really a legal or

constitutional excuse It's a political

pretext for judges evading their

responsibility but I think the best

argument is that ultimately they're

they're in a Jonestown style suicide

paact if they keep going down this

financial self-destructive path on the

Practical side and on the how what can

probably best work is build a lot of

templates get the information and

education out to people so they know

it's happening number one and if they

Google it you know they Google you know

why did my appraisal rate go up

something like that they find some site

well Google won't help so we have to go

to another site to find it but the uh to

to find the information and then be able

to have templates out there so people

can like you're back during the vaccine

mandate stuff uh the the i w say I I

published a letter that came from a

bottle in the uh down the river it was

how it was phrased because the state

bars will say you can't provide legal

advice outside of Select

situations so the published a letter

that just gave it people a template

here's how to object to a vaccine

mandate if your employer mandates it

here's the kind of language the courts

tend to respect and recognize and there

were literally thousand tens of

thousands of people I've heard from

hundreds of them myself that use that

letter to to be able to protect

themselves so I think having templates

that ultimately starts in Texas but

probably does have to be across the

country because this scam is too good

for every County not to be dipping into

it it just just is what it is yeah when

Mitch first brought this to my attention

I'm like you know I hate to say this but

it makes sense like why would they not

be doing this especially in today's day

and age and you know another thing

Robert you touched on it earlier that

they could be targeting specific

individuals

based on their political views or based

on maybe something said on Twitter

because just think about it practically

if you do it to everybody you run a risk

of political blowback just the same as

if you raise the taxes you'd be better

off doing it on 30% of the people

targeting the most politically like my

guess is certain big corporate interests

that have property maybe they don't

Target them just as a matter of how they

might blow back on them so you target

the the the folks that have resource

ources but don't have big political

Capital maybe are new to the community

aren't deeply entrenched aren't don't

show up at every campaign fundraiser uh

aren't within certain constituencies

that are being politically protected and

so my guess is if you dig in you'll find

some discriminatory animus involved in a

fair number of these cases as well yeah

we've templ the templates would let you

do that easier because then you could by

based on who's filing uh these um

Appeals you could see if there's some

common denominators there well Pilot

Point Aubrey Sanger were specifically

targeted my subdivision was specifically

targeted how do we know that well we

know that because the average increase

in 24 okay 2024 was literally

24% here's the problem Pilot Point

Aubrey Sanger the average was double up

48% that cannot happen right if the

average across the entire county is 24%

please explain the double up right and

in those areas it's not because there's

so much growth now there is growth

there's no doubt about it but the growth

has got nothing to do when you're taxing

values on existing

assets right like I keep saying they

don't have a

defense they cannot attack on any of

these numbers it's their numbers we

didn't invent them we merely sprinkle

some statistical analysis and

probability on top of it and called BS

on all of it you're wrong you're lying

and we've got the evidence and by the

way the evidence is your own tapes it's

your own

audio it's your own certifications they

falsified a tax

certification okay in

22 you know the the best way to get a

good appraisal job is to put at the top

of your CV account it for Bernie maid

off this this makes Bernie M look like

AER yeah I mean Bernie was at least a

little smarter he tried to keep it

realistic yeah yeah M Mitch do you have

a

website yes so it's Mockingbird

properties.com

dccad and there are gigabytes DC a DC a

okay yeah and there are gigabytes of

data we're giving everybody everything

we have access to everything that we

have found it's all there we want

everybody to go and look and nobody I

mean you have to realize throughout

these lawsuits and everything no body

has been able to come back and find a

single thing that is wrong and we keep

saying listen there could be a mistake

that's fine we're happy to remove it and

we'll apologize for the one mistake but

here's your problem dcat I got another

1100 documents in behind it so it isn't

going to change the story We the

evidence is the evidence we didn't make

it they did it's government numbers

government

statistics yeah but but even more so to

get the word out and to to let people

know uh that this is just a possibility

that they could be U the government may

have been stealing from them quite

literally for the last five years due to

Art artificially increasing their

property taxes to a level where they

just shouldn't be by law and just the

more people that can actually know that

I think the better it's like a

crowdsourcing of this information and I

mean at the end of the day think about

how many people own their own homes and

if this were to be proven true I mean

you got people going to the streets with

torches and pitchforks I mean think

about how many pissed off people you're

going to have they're going to be quite

literally demanding their money back and

then this just opens up the

kimono in addition to everything that

we've seen since 2020 that shows you

know the average Joe and Jane that they

just cannot trust these governments and

they've got to hold them accountable no

and to Robert's Point um because I do

like to read history uh yes sir we are

back at the war of 18112 this is exactly

how the Americans were founded for the

exact same reason right it was the

British that said we're going to charge

you Americans a tax on your land

Americans future Americans said screw

you we're out of here bye-bye poof

instant War this is the exact same thing

playing out live except now it's worse

because it's levered to the tune of

trillions and there just the money just

doesn't exist so if you make people

desperate they will do desperate things

the goal here is to stop that from

happening before it gets out of the

shoot and just simply say do not let the

market get in front of this that's

there's going to be pain but if we do it

the way that we're saying to do it okay

the pain will be manageable do it the

way that the market jumps in front of it

when those Bond holders wake up there

will be no way to stop

this

yeah all right Robert any last thoughts

buddy I'm thanks a lot for coming on and

uh you had no idea what we were going to

do I just kind

of this kind of threw you baptism by

fire I I knew that you would love this

and it's right in your wheelhouse so I I

thought it'd be a great conversation

what do you think George from a economic

perspective in other words I mean it

would there be some interest in shorting

some of I mean like sometimes economic

actions lead to the necessary reform um

that's a good point is there is there a

way to short these Bond these bonds I

don't know but I'll definitely research

it absolutely because I mean you know

talk I always talk about the speculative

side of my portfolio I I mean just from

a a capitalist standpoint an investor

standpoint I mean I don't know a better

risk reward than shorting those bonds

that that's for sure at least the

portion of the portfolio so yeah I'll

definitely look into it do a video on it

and then um when we get offline here

I'll connect you guys via email so Mitch

if you have any questions or Robert if

you have any feedback uh you guys can

just communicate

and hopefully um you know the the power

of the community will help you have

higher odds of tackling this problem and

coming out uh Victorious uh but like I

said at the very least you're getting

the word out and opening up people's

eyes and that end end of itself is a big

win in my view absolutely and I just

want to thank both of you and I am truly

honored it's um Robert I'd like to get

you those 10 pages while those laws

being broken because you'll see how all

this stuff ties together but oh sure you

know like I said I'm quite honored thank

you Mitch one more Mitch one more time

can you give us your website please yes

it's Mockingbird

properties.com

dcad okay fantastic all right

guys as always make sure that you're

standing up for Freedom Liberty free

market capitalism we'll see you on the

next video