24 The Solari Report / 2018 Annual Wrap Up / Part Two try to prevent the adoption of these globalist policies, he provided a brilliant description of the inhuman policies underway. Sir James Goldsmith’s 1994 globalization warning: https://home.solari.com/sir-james-goldsmiths-1994-warning/ Rejection of Place-Based Development: Hamilton proceeded to build software tools that would allow the general population to map out government financial flows in their neighbor- hood and Congressional district. We also continually found opportunities to save the federal government money by reengineering financial flows locally. Our due diligence showed that HUD could use the FHA’s foreclosed inventory to create three to five homes for the price of one new construction public housing unit. However, we were met with the complaint, “But how would we generate fees for our friends?” Private Prison Expansion: Hamilton invested in a company to build local training and data servicing companies in low-income communities. Unfortunately, this threatened narcotics traf- ficking operations, related asset seizures, penalities and fines, as well as gentrification. As one Deputy Assistant Secretary of Housing in the Clinton administration explained to us, “Black people are hopeless. We are moving them out, and moving the Hispanics in.” One member of the HUD IG communicated that his colleague rejected our ideas as “computers for ni**ers.” HUD teamed up with the DOJ to start dropping SWAT teams into African-American neigh- borhoods as stock market investors started to speculate on private prison stocks. Ultimately, the DOJ’s for-profit subsidiary (created to market federal prison labor to federal agencies) cre- ated a dedicated data servicing division. The people who could have been doing data servicing in their community and generating taxes were instead in a private prison. The staggering cost to taxpayers was estimated in 1996 by the GAO to be approximately $154,000 per prisoner. (To learn more about the costs to taxpayers and profits to private prison investors, see the case study of Cornell Corrections in Dillon Read & Co., Inc. & the Aristocracy of Stock Profits.) Pension Fund Subversion: One of Hamilton’s subsidiaries worked with a group of pension fund leaders on the feasibility and advisability of environmental, social, and governance (ESG) investing. We concluded that our economic problems were caused by federal investment having a negative return on investment. The solution was not for pension funds to change but rather for government to reengineer its investments to a positive return in a way that would make the pension funds money. Unfortunately, the pension funds were used instead to engineer a “finan- cial coup d’état”—starting with a housing bubble. Over the next decade, Americans built and bought larger homes that they could not afford, financed with their own retirement savings. By the end of this period, FHA had made enormous progress in cleaning out its portfolio of distressed mortgages, inspiring Barron’s Washington editor to publish an article titled, “At last, HUD does something right.” The traditional HUD constituents, however, were not happy with fiscal and financial responsibility at FHA. A lot less money was flowing out the back door.