The real estate interests and banks are in a kind of symbiosis. They're the largest-growing part of the economy. This is the sector that backs the political campaigns of senators, presidents and congressmen, and they use this leverage to make sure that their people dominate the Federal Reserve, Treasury and the federal housing agencies.

Seventy-eight percent of millennials are worried about not having enough good paying job opportunity to pay off their student loans. Seventy-four percent can't pay the health care if they get sick. Seventy-nine percent don't have enough money to live when they retire. So, already, we're having a whole generation that's coming on, not only here but also in Europe, that isn't able to get good-paying jobs.

Small banks that lend to consumers are fine.

The companies aren't hiring, because consumers don't have enough money to buy the goods and services.

Actually, high housing prices don't help the economy. They raise the cost of living.

Paying debt service to banks leaves less income to buy goods and services.

The United States Government has fought against creation of an international court to adjudicate the ability of national economies to pay debts.