3rd Quarter Wrap Up 2018: MegaCities and the Growth of Global Real Estate Companies

“REITs were created in the US after President Eisenhower signed the Cigar Excise Tax Extension of 1960. The law was enacted to give all investors the opportunity to invest in large-scale, diversified portfolios of income-producing real estate in the same way they typically invest in other asset classes – through the purchase and sale of liquid securities. Since then, more than 30 countries around the world have established REIT regimes. A comprehensive index for the REIT and global listed property market is the FTSE EPRA/Nareit Global Real Estate Index Series. As of December 2017, the index included 477 stock exchange listed real estate companies from 35 countries representing an equity market capitalization of about $2 trillion (with approximately 78% of that total from REITs).” ~Wikipedia on “real estate investment trust”
By Catherine Austin Fitts
This week is the final segment of our 3rd Quarter 2018 Wrap Up. On Thursday, I will discuss our theme – “Megacities and the Growth of Global Real Estate Companies.”
The megacities trend has profound implications both for culture and for markets. This trend includes the flow of capital into real estate and the intersection of global equity markets with global real estate development, ownership and management.
Between 1800 and 2000, the global population percentage living in cities grew from 3 to 47. That percentage is likely to continue to rise for some time to come.
The increase in planetary urban density is tied to the growth of the Asian economies and the rise of the Asian middle class. Of 47 current megacities (with populations of 10 million people or more), 30 are in Asia, including 15 in China and six in India.
Our 3rd Quarter 2018 Wrap Up comes with a web presentation and transcripts. This includes our tables of megacities and global real estate companies for your review. Our goal is to ensure you understand the growth of megacities as an important primary trend — with consequences for culture, geopolitics and investment for decades to come.
In Let’s Go to the Movies! I will review one of the choices in our Megacities collection of Documentaries, Movies & TV Shows, Crazy Rich Asians. Set in New York City and Singapore, it tells the story of an immensely wealthy Chinese family who made their fortune in real estate. This movie was first reviewed in our Food for the Soul column.
E-mail or post your questions for Ask Catherine at the Money & Markets commentary here.
Talk to you Thursday!
Related Solari Reports
2016 Annual Wrap Up – The Global Harvest
2nd Quarter 2018 Wrap Up – the Rise of the Asian Consumer
Related Links
30 Comments
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The fires. There will be tens of thousands of insurance claims and associated litigation. They say you can’t fool all the people all the time. In a situation of such extraordinary loss of life and property, would “they” be able to control all the claimants and litigants, all the insurers and all the courts and other related parties?
In theory yes. It will be a big job and expensive. However, much cheaper and faster than clearing the land by market and eminent domain. My guess is that if they pull a lot out of the federal mortgage funds and disaster recovery funds, tremendous money could flow into the fed and banks – so this could be unbelievably profitable. It is more diminishment of the resources that stand behond the other obligations of the US. More cut and run.
The financial fraud has been managing this type of mess and litigation for decades. It rolled out of and was financed by both the fraud and narcotics trafficking managed through the intelligence agencies and the secret societies. The War on Drugs and War on Terror legal structures helped. And of course time. You need to control these networks to steal the $21 trillion and engineer the housing bubble leading to the bailouts. This is why controlling 3100 counties 1 county at a time is essential to real control. The great tragedy is that we have allowed the take over of each one of our counties, while we were busy obsessed with the Presidential Elections. The guys who control the 3100 counties control the federal credit.
Book that will help you understand this is Michael Woodiwiss’ Organized Crime and American Power: A History 1st Edition. 2001 I see he has a new book and I just ordered it. Would be great to get him on the Solari Report. Watch the documentary Hot Coffee – you will see what has been happening to the courts.
The fires. There will be tens of thousands of insurance claims and associated litigation. They say you can’t fool all the people all the time. In a situation of such extraordinary loss of life and property, would “they” be able to control all the claimants and litigants, all the insurers and all the courts and other related parties?
In theory yes. It will be a big job and expensive. However, much cheaper and faster than clearing the land by market and eminent domain. My guess is that if they pull a lot out of the federal mortgage funds and disaster recovery funds, tremendous money could flow into the fed and banks – so this could be unbelievably profitable. It is more diminishment of the resources that stand behond the other obligations of the US. More cut and run.
The financial fraud has been managing this type of mess and litigation for decades. It rolled out of and was financed by both the fraud and narcotics trafficking managed through the intelligence agencies and the secret societies. The War on Drugs and War on Terror legal structures helped. And of course time. You need to control these networks to steal the $21 trillion and engineer the housing bubble leading to the bailouts. This is why controlling 3100 counties 1 county at a time is essential to real control. The great tragedy is that we have allowed the take over of each one of our counties, while we were busy obsessed with the Presidential Elections. The guys who control the 3100 counties control the federal credit.
Book that will help you understand this is Michael Woodiwiss’ Organized Crime and American Power: A History 1st Edition. 2001 I see he has a new book and I just ordered it. Would be great to get him on the Solari Report. Watch the documentary Hot Coffee – you will see what has been happening to the courts.
Hello,
On the subject of the Nor Cal fires, this may be an additional motive to add.
I found some interesting videos about a movement that I didn’t know existed, “New California”. It appears to be a call for the 51st state. Paul Preston writes in his video that many of the leadership team for “New California” are among the missing due to the “Camp Fire”.
From their website:
The Need for New California
The U.S. Declaration of Independence of 1776, the Alta California Declaration of Independence of 1836 and the Sonoma Proclamation of 1846 declared the Right of the People in the states of Alta California and California respectively to throw off the bonds of tyranny.
Uploaded to YouTube 11/17:
https://www.youtube.com/watch?v=xgqf2KYZ6Po
Uploaded to YouTube 10/30:
https://www.youtube.com/watch?v=SdOLZdyu9hk
Catherine, thank you for your work. Your insightful analysis is greatly appreciated!
If we could get a database of all the homes and people burned out, my guess is that we could see multiple political patterns. Typical stacking functions.
Hello,
On the subject of the Nor Cal fires, this may be an additional motive to add.
I found some interesting videos about a movement that I didn’t know existed, “New California”. It appears to be a call for the 51st state. Paul Preston writes in his video that many of the leadership team for “New California” are among the missing due to the “Camp Fire”.
From their website:
The Need for New California
The U.S. Declaration of Independence of 1776, the Alta California Declaration of Independence of 1836 and the Sonoma Proclamation of 1846 declared the Right of the People in the states of Alta California and California respectively to throw off the bonds of tyranny.
Uploaded to YouTube 11/17:
https://www.youtube.com/watch?v=xgqf2KYZ6Po
Uploaded to YouTube 10/30:
https://www.youtube.com/watch?v=SdOLZdyu9hk
Catherine, thank you for your work. Your insightful analysis is greatly appreciated!
If we could get a database of all the homes and people burned out, my guess is that we could see multiple political patterns. Typical stacking functions.
Thank you for the in depth discussion of the California fires, in the Nov. 15th Money & Markets!
As a follow-up on the discussion of the flammable nature of aluminum nano particles, we looked up Mark McCandlish’s 2014 testimony in Mt. Shasta. As a reference, below is the youtube link, with Mark’s testimony between minutes 45:37 – 49:32:
https://www.youtube.com/watch?v=IR4jawnS8Ss
Thank you again!
Thank you for the in depth discussion of the California fires, in the Nov. 15th Money & Markets!
As a follow-up on the discussion of the flammable nature of aluminum nano particles, we looked up Mark McCandlish’s 2014 testimony in Mt. Shasta. As a reference, below is the youtube link, with Mark’s testimony between minutes 45:37 – 49:32:
https://www.youtube.com/watch?v=IR4jawnS8Ss
Thank you again!
Awesome report, Catherine! What a comprehensive and rich picture.
I’d like to recommend to anyone interested to read Global Outlaws: Crime, Money, and Power in the Contemporary World by Carolyn Nordstrom ISBN: 9780520250963 (https://www.worldcat.org/title/global-outlaws-crime-money-and-power-in-the-contemporary-world/oclc/69792080). What I found is that it traces criminal activity all the way from the very personal level all the way up to the largest corporations. It draws out the dependence of the global model on crime, the way that globalization took mafias to the transnational level, and gives a sense of the magnitude of trafficking that goes through borders and ports every day. The author also throws an ethical wrench into the mix by adding the dimension of the hardened brutal criminal vs the people who simply feel the burning drive for development and so operate in an extralegal framework because they live in a place where the system does not allow development (i.e., Angola).
James:
So glad you liked it. I ordered Global Outlaws. I have also ordered Michael Woodwiwiss’s new book on organized crime. So it looks like I am in for my organized crime update.
Thanks for the recommendation.
Catherine