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It’s Hard To Miss The For Lease Signs And Plywood On Windows

A report from Boston.com in Massachusetts. “International buyers, a key ingredient in new downtown condo projects, have pulled back in the past few years. The pullback is a departure from real estate anecdotes in recent years across the country of international buyers gobbling up condos well ahead of a project’s completion. The average condo sales price during the second quarter of 2020 in the Seaport was a hefty $1.8 million — which was actually down more than 31 percent from the same time in 2019, according to Warren Residential.”

“‘At some point, the investment doesn’t make sense on a return [to an international buyer],’ said Sue Hawkes, managing director at the Collaborative Cos.

From DS News. “A group of landlords in Massachusetts is fighting at both the state and federal level to have an eviction and foreclosure ban lifted. Richard Vetstein, an attorney, represents one property owner and landlord who also is a nurse. Her tenants, as she launched the lawsuit, owed her some $20,000 in back rent, Vetstein told the Boston Herald. ‘She’s a blue-collar nurse, and is in serious financial difficulty because of this,’ Vetstein said. ‘When a tenant can’t pay, that burden flows down to the landlords.'”

From CNBC. “Nearly a third of renters who live in single-family or small multifamily properties owned by individual landlords were unable to pay their August rent, according to a survey by Avail. ‘Our data show that 42% of renters and 35% of landlords are digging into their emergency funds and savings to cover everyday expenses,’ said Ryan Coon, CEO of Avail. He noted that close to half of small landlords said they have offered to defer or forgive rent entirely.”

From Seattle PI in Washington. “Let’s talk about the elephant in the room in Seattle real estate. The market in general is on fire, but the condo market is lagging. Condos in Downtown Seattle have more than doubled in just 4 months. Indicating a flight to the suburbs and less absorption of units in the Downtown Seattle core. Sales have slowed and the impact of people fleeing Downtown should continue. The pending and closed sales are not exceeding the number of new listings. This isn’t terrible, but it indicates a buyers market. It also doesn’t look too bad when you compare it to New York.”

From Mansion Global on New York. “Donna Olshan, president of Olshan Realty and author of the report, points out that since the beginning of March contracts included in her weekly report averaged a 14% price reduction from their original asking price to their final listing price, and spent on average 633 days on the market. The second-most expensive home to find a buyer last week was a five-bedroom condominium in Tribeca, which was last asking for $12.4 million, a significant reduction from its original asking price in 2015, when it was listed off floor plans with an $18.9 million price tag. Jason Walker, a Douglas Elliman agent who represented the buyer, said his client did not pay the asking price, but got ‘a fair deal.'”

From Curbed on New York. “The wealthiest neighborhoods in Manhattan are emptying out. While median rents in Manhattan dropped 7.6 percent, and median rents in Queens — home to a large population of the city’s lower-income residents — dropped a whopping 14.2 percent. There are hints that Brooklyn is starting to soften. Rents in the borough have started to trend downward across the board, with some neighborhoods — like Sunset Park and Red Hook — seeing July median rents drop by 20 percent or more year-over-year.”

“There’s also a glut of available rentals in Brooklyn. According to the appraisal firm Miller Samuel, listing inventory in July was up a whopping 84.2 percent year-over-year, while the number of new leases was down 24.2 percent. This clearly shows that demand is not keeping up with supply.”

From Multi-Housing News on Florida. “Miami’s condo market is taking a beating from a glut of inventory and a struggling South Florida economy, but one pair of developers are finding success with a new luxury residential tower in the Coconut Grove neighborhood. Terra and The Related Group say they have sold more than $245 million worth of condos at the 66-unit waterfront property, One Park Grove, with more than 80 percent of contracts having already closed in the last 60 days. Year-over-year in July, inventory jumped 6.8 percent to 14.2 months, indicating a buyer’s market.”

The Aspen Times in Colorado. “A nonprofit organization is trying to establish a special fund to prevent an anticipated surge in evictions of renters from Aspen to Parachute this fall. The unemployment rate was 16% in Pitkin County in June compared with only 3.2% in June 2019. The Colorado Workforce Center has estimated that ’42 percent of lost jobs in Pitkin County are not coming back.'”

The Aspen Daily News in Colorado. “The city of Aspen is allowing more flexible lease terms for its Marolt Ranch housing complex this winter. Just one week out from the September move-in date, City Manager Sara Ott said occupancy at Marolt Ranch is just above 30%. Councilmember Ward Hauenstein echoed his colleagues, saying it would be a shame for the apartments to sit empty this winter. ‘(With) the high demand for housing in the upper end of the valley we really need to make every effort we can to make those occupied,’ Hauenstein said. ‘It would really be a loss to have those sit vacant.'”

From CBS Bay Area in California. “On the steps of San Francisco City Hall, small business owners, particularly those who run gyms and hair salons came out to protest the current COVID-19 restrictions, saying they need to open up now to have a chance at survival. ‘We haven’t had any business, we’ve had about a 80 percent loss,’ said Michael Jigalin owner of Jigalin Fitness.”

“Around the city, it’s hard to miss the ‘For Lease’ signs and plywood on windows. According to the San Francisco Chamber of Commerce, 1300 small businesses are not in operation right now. ‘Before the pandemic, we were really about a 7 percent commercial vacancy rate, a 7 percent storefront vacancy rate in San Francisco – that 7 percent has skyrocketed to over 50 percent,’ says Jay Cheng, public policy director for the Chamber.”

From Bisnow on California. “A polarized San Jose City Council last Tuesday voted 7-4 to eliminate affordable-housing fees for downtown residential high-rises. Developers like KT Urban say the city’s fees paired with Bay Area construction costs have made many high-rises close to impossible to pencil. ‘San Jose’s rents never generated the returns necessary to attract the institutional capital that is crucial to build at scale,’ KT Urban partner Shawn Milligan said.”

From Yield Pro on California. “The apartment vacancy rate in San Francisco rose to 6.2 percent in May, according to RealPage. That’s up from 3.9 percent only three months ago. San Francisco’s median rent in May for a one-bedroom apartment was also down 9.2 percent compared with a year ago at $3,360 a month, according to Zumper. Several large, high-paying companies, including Yelp Inc., and Lyft Inc., have begun laying off workers in the city.”

“LendingClub reported to the California Employment Development Department earlier this month that it was permanently laying off 306 San Francisco employees. San Francisco-based startup Stitch Fix Inc., meanwhile, is looking to save costs by hiring or relocating staff to cheaper cities outside of California like Pittsburgh and Cleveland.”

From Socket Site in California. “The former San Francisco home and studio space of the late Howard Hack has sat (mostly) vacant for over a decade. The sale of the deteriorating Laurel Height building at 54-56 Cook Street closed escrow with a contract price of $1.455 million in August of 2016. And this past Friday, 54-56 Cook Street returned to the market without any approved plans or permits to commence said work, and a list price of $1.399 million.”

From KDHL Radio in Minnesota. “It looks like that’s a wrap, folks. St. Cloud’s famous Poseidon House finally has an accepted offer and is listed under ‘pending’ on Zillow. The home is notable for having a giant Poseidon statue in the front yard. We’ve been following this home sale closely as it’s been on the market since 2017. The house, located at 32208 County Road 1, was originally listed for $1.2 million. Since then, we’ve seen several price drops, including the most recent decrease on June 20 to $539,900. If you’re bad at math, that’s a nearly a 55% price drop. What a deal, right?!”

The Wall Street Journal on New Jersey. “This summer’s markets rally hasn’t helped banks and investors who lent about $2.7 billion to build the country’s second-largest mall, near the Meadowlands Sports Complex in New Jersey. The American Dream Mall has been shut since March, and mutual funds that bought municipal bonds backing its construction have since taken hundreds of millions of dollars in paper losses. ‘I think the situation for payment on the bonds has gotten more tenuous,’ said Lisa Washburn, managing director at bond research firm Municipal Market Analytics.”

From Bloomberg. “Some of the largest real estate investors are walking away from debt on bad property deals, even as they raise billions of dollars for new opportunities borne of the pandemic. The willingness of Brookfield Property Partners LP, Starwood Capital Group, Colony Capital Inc. and Blackstone Group Inc. to skip payments on commercial mortgage-backed securities backed by hotels and malls illustrates how the economic fallout from the coronavirus has devalued some real estate while also creating new targets for these cash-loaded investors.”

“The mass exodus of Americans from public spaces has hammered already-weak retailers and their landlords, crippled business travel, crushed restaurants unable to fill all of their tables, and sown chaos for office towers whose tenants may never need as much space again.”

“Missing payments on CMBS debt is relatively painless, because it’s typically non-recourse, meaning borrowers can hand over the keys to a property and lenders won’t be able to come after other assets. Property owners are more likely to walk away when their equity has been wiped out by lower values.”

“‘They know that if they borrow from most lenders, they win if they win and they win if they lose,’ said Ethan Penner, an investor who pioneered CMBS deals in the 1990s at Nomura Securities.”

The Wall Street Journal. “Retail landlords are including pandemic language in new leases, a previously rare feature as tenants seek protection after the first government-mandated coronavirus shutdowns in March complicated their negotiations for rent relief. Because many insurance policies didn’t cover pandemic-related losses, landlords have offered various concessions to attract and retain tenants, including allowing them to defer part of their rent if another shutdown is ordered. Both sides get breathing room: Tenants are able to lower expenses while landlords are still able to collect some money for overhead and their mortgage.”

“Real-estate brokers said landlords have to contend with a glut of stores and social-distancing measures that have forced many retailers to shrink the number of stores. ‘We are seeing rents 25% cheaper than pre-Covid 19,’ said Corey Bialow, chief executive at Bialow Real Estate LLC, a firm that represents retail tenants. ‘Some landlords may not make a profit for six to seven years.'”

This Post Has 165 Comments
  1. ‘The average condo sales price during the second quarter of 2020 in the Seaport was a hefty $1.8 million — which was actually down more than 31 percent from the same time in 2019’

    It’s a good thing everybody is putting 20%…oh fudge it.

    1. That’s $1.8 million in a non-prime location. For an apartment.

      Yes the building is new, but still, that isn’t Beacon Hill.

      Why are prices falling? Because they were too high to start with.

  2. ‘closed escrow with a contract price of $1.455 million in August of 2016. And this past Friday, 54-56 Cook Street returned to the market without any approved plans or permits to commence said work, and a list price of $1.399 million’

    Eat yer crowz Thornberg.

  3. ‘Developers like KT Urban say the city’s fees paired with Bay Area construction costs have made many high-rises close to impossible to pencil. ‘San Jose’s rents never generated the returns necessary to attract the institutional capital that is crucial to build at scale’

    Some of the highest rents in the country, you paid too much for the land idiots.

  4. ‘Missing payments on CMBS debt is relatively painless, because it’s typically non-recourse, meaning borrowers can hand over the keys to a property and lenders won’t be able to come after other assets. Property owners are more likely to walk away when their equity has been wiped out by lower values’

    Non-recourse? And throw in the massive CRE appraisal fraud we recently read about and the REIC/media dropped like a stinky fish.

    1. This entire bubble is built on fraud, just like the last time. Wall St. and their pet ratings agencies went right back and did the same thing all over again, but bigger. And the FED and their deranged money printing is right there to help it all along. And they’re meeting in Jackson Hole this week to discuss a continuation of these asinine policies.

  5. ‘She’s a blue-collar nurse, and is in serious financial difficulty because of this,’ Vetstein said. ‘When a tenant can’t pay, that burden flows down to the landlords.’”

    Seems that being a real estate speculator isn’t all it’s cracked up to be.

  6. ‘The Colorado Workforce Center has estimated that ’42 percent of lost jobs in Pitkin County are not coming back’

    But are you SAFE? That’s all that matters right?

    BTW, again this is way too long but the crater overfloweth.

    1. Kind of hard to have a tourism based economy with no tourists.

      And some economies are VERY tourism based. Was watching a travel blog about Tulum, and I was struck by the number of masseuse offerings right on the beach. I suppose that a masseuse can help you relax; but sitting on a beach, under one of those palapas while sipping a coco loco usually did the trick for me.

      1. Simply sitting on a beach, with no other services, consumables, or spectacles to distract me, does it for me.

          1. I agree! When I was young, as a mountain climber, I was always making fun of fishing people, or those sitting by the beach. But I have to admit, I’m addicted to the white sands of the Caribbean these days. 🙂

  7. ‘“Let’s talk about the elephant in the room in Seattle real estate’

    No UHS, the real elephant is the thousands of new, unsold airboxes sitting around. Your phony months inventory is actually many years. Like Miami.

    1. trying to figure things out …

      Does someone have a pointer to analysis that says that condo inventory goes up first, condo prices go down somewhat, … then detached house inventory starts to go up. I inherently believe this – but have nothing to base it on.

      The reason i ask is that the inventory of detached houses on (Seattle) eastside continues to be low – and i am surprised.

      Condo listings in both Seattle and Bellevue are going up … and the luxury rental apartment market is basically dead

      1. It’s low because it’s unusual circumstances. Only those who absolutely have to sell and have no choice list their homes. The rest will struggle any way they can to make, and take advantage of any program offered to make ends meet and put some food on the table.
        Not the right moment to sell or buy, unless, unless there is no other way.
        When you have kids to think about, it’s an whole different ball game than when you are a young programmer living in a condo or apartment.

        1. When you pay too much for a rapidly depreciating asset, in this case a house, then double down on those losses by financing for decades, there is no ball game.

          Miami Beach, FL Housing Prices Crater 11% YOY As Retirement/Vacation Property Market Tanks

          https://www.zillow.com/miami-beach-fl/home-values/

          *Select price from dropdown menu on first chart

      2. The reason i ask is that the inventory of detached houses on (Seattle) eastside continues to be low – and i am surprised.

        With forbearance programs, why are you surprised?

        1. Forbearance = housing inventory suppression measure = plunge protection for housing prices = “$ave our homes” bailout program for Democratic voters = “eat the Millennials” housing policy.

          See how it all fits together like a glove?

          1. “See how it all fits together like a glove?”

            So, PB, are you sort of intimating that the banks are do a rhyme of the last time, about 8 years ago, when they held inventory off the market to prevent price discovery?

        2. With forbearance programs, why are you surprised?

          And considering that the Masters of the Universe gathered in Jackson Hole are discussing why inflation is needed is a pretty good signal that the Fed will be substantially expanding its balance sheet and that there will be a whole lot more .gov free cheese (including more forbearance) coming down the road.

          The good news for those with a lot of debt is that inflation will eat away at whatever debt isn’t forgiven. The bad news is that everything else will get more expensive and wages will continue to not keep up.

          1. And the bad news for those who believe they have full control of their lives is that a lifetime is not enough to figure out what kind of scam this guys are coming up next. You’ll never know what to do for sure regardless of how smart you are, or how hard you work. They’ll always find ways to separate you from your possessions.
            It was pretty standard to save some for old age, but all those with any kind of cash will be screwed by inflation, those with bonds by negative interests, those with stock by the huge insecurity and fluctuations. And when you’ll decide for bonds, FED will go all cash, and when you go stock, they go all bonds, and so on, until you’ll be left pauper, or dead.

          2. Dora, you make a great case for diversification, including not throwing all of your money down the real estate ownership rathole.

          3. ” …including not throwing all of your money down the real e$tate owner$hip rathole. ”

            I$ that a fact, or a $uppo$ition?

          4. It was pretty standard to save some for old age, but all those with any kind of cash will be screwed by inflation, those with bonds by negative interests, those with stock by the huge insecurity and fluctuations. And when you’ll decide for bonds, FED will go all cash, and when you go stock, they go all bonds, and so on, until you’ll be left pauper, or dead.

            “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

            “I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816. ME 15:23

          5. ” ..the bank$ and corporation$ that will grow up around [the bank$] will deprive the people of all property until their children wake-up homele$$ on the continent their fathers conquered. ”

            Homele$$ is knot the same as $helter.$hack.le$$., or even, $helterle$$

            In America thi$.era, we have both Homele$$ & $helterle$$.

            The .001% – 1% call this “Progre$$!”
            (Ok, they whi$per it, among$t them$elve$. In “fine” location$ )

  8. “Nearly a third of renters who live in single-family or small multifamily properties owned by individual landlords were unable to pay their August rent, according to a survey by Avail. ‘Our data show that 42% of renters and 35% of landlords are digging into their emergency funds and savings to cover everyday expenses,’ said Ryan Coon, CEO of Avail.

    Yes, but the Fed’s Ponzi markets are hitting new highs, so surely September’s data will show a remarkable turnaround as renters and mortgage-payers miraculously produce all the back rent and mortgage payments they owe after selling their FANGS stocks.

  9. “The wealthiest neighborhoods in Manhattan are emptying out. While median rents in Manhattan dropped 7.6 percent, and median rents in Queens — home to a large population of the city’s lower-income residents — dropped a whopping 14.2 percent.

    Is that a lot?

      1. Here what I’m seeing — Brooklyn has yet to drop significantly. Landlords are holding out. But as a result, there are more 1 BR to 2 BR apartments for rent for $1,700 to $1,800 in Manhattan than Brooklyn.

        Let’s say you are a landlord with a 30-unit building. You now have three vacancies — and 27 households who still have income who are paying high rents. What if you advertise a much lower rent for those three units, and the other 27 see it? Then you go under based on the inflated price you paid to build/buy the building.

        That’s where we are.

        1. …You now have three vacancies — and 27 households who still have…

          OK. So what if you have 6 vacancies?

          In other words, where is the tipping point?

        2. “and the other 27 $ee it? ”

          Heheheee, i$n’t $ocial.media.di$tribution$ … a wonderful “democratic” truth $uper.$preader!

          Now remember, the Earth is flat, & Columbu$ was a truly $ocial.Ju$tice.$uper.hero!

  10. According to the appraisal firm Miller Samuel, listing inventory in July was up a whopping 84.2 percent year-over-year, while the number of new leases was down 24.2 percent. This clearly shows that demand is not keeping up with supply.”

    No, it shows that greedy landlords need to lower the rent.

    1. Some reports say 40% of Manhattan have left. It’s beyond pricing now, as one pundit said recently.

        1. I can, and I’m not missing much.

          On the wall at Willie’s in Westcliffe, CO:

          https://imgur.com/a/gkyhOaN

          I ate lunch here in the dining room last week and didn’t even die of ‘Rona. Chicken fried chicken, and no marxist trash interrupting my meal telling me to check my privilege.

      1. 40% of 1.63M is 650K. That is a lot of people – interesting to know where they went

        The fancy pants went to the Hamptons, Caribbean, Miami Beach etc.

        Where did the people making good (but not great) money by Manhattan standards. Lets say $100K to $250K. Did they go to suburban NJ or Conn, did they go to their home towns. When will they return – early 2021 or late 2021 or never

        —-
        Manhattan has an estimated population of 1.63 million people, all living in an area of just 23 square miles. This gives Manhattan a population density of 70,826 people per square mile, or 27,346 per square kilometer.

        Just 20% of people in Manhattan live in owner-occupied housing. This is the second-lowest rate of any county in the United States after the Bronx.

        Manhattan has the second-highest number of non-Hispanic whites of any New York City borough at 48% behind Staten Island. About 27% of the population of Manhattan is foreign-born.

        1. Just 20% of people in Manhattan live in owner-occupied housing.

          Which makes pulling up the stakes and leaving very easy, as long as the job is portable and can be done remotely.

          Are they staying nearby? While cheaper, near NYC can still be pricey and the taxes onerous. Will some be heading out to the south, Texas or the Rocky Mountain West?

        2. It’s actually 40% of WEALTHY neighborhoods like Upper East Side, the West Village, SoHo and even neighboring Brooklyn Heights. About 400,000 have left NYC since April, but these are not permanent leaves by a long shot.

          Most have gone to Long Island, Upstate or NE PA to ride out the pandemic for awhile.

  11. ‘Some landlords may not make a profit for six to seven years’

    Think about the reduced spending this represents. And the people who would have gotten paid, they won’t be spending either. It’s real easy to destroy an economy. Not so easy to put it back together again.

    1. It’s the other way around. Think of the reduced spending and saving power of all those people who bought or rented at inflated prices? It was killing us.

          1. “Yep. That’s how you make money – see a need, fill it.”

            I$ you in any way related to the Global.War.Arm$.Trade$ bye chance?

    2. “It’s real easy to de$troy an economy.”

      e.CON.ohmy!

      How come 18% mortgage rate$ in the early ’80’s allow the current $helter.$hack.Debacle to manife$t it$elf into the Hou$ing $it.ewe.a.$hun of HB.B ll+ that is on exhibit today?

      Doe$n’t 👀 ea$y to my$elf.

      Moving on, let’$ take a 40 year hi$torical look @ the reward$ that American$ where taught about the virtue$ of $aving.monie$.

  12. “Before the pandemic, we were really about a 7 percent commercial vacancy rate, a 7 percent storefront vacancy rate in San Francisco – that 7 percent has skyrocketed to over 50 percent”

    50 percent, is that alot?

  13. China’s overseas “investments” are blowing up on them.

    https://finance.yahoo.com/news/losses-china-overseas-takeover-binge-210000911.html

    (Bloomberg) — Chinese buyers have not only stopped snapping up iconic overseas assets, the coronavirus pandemic is ravaging the targets of deals that defined a headier era.

    Whereas some prolific acquirers such as HNA Group Co. and Anbang Insurance Group Co. began falling into disarray before the recent crisis, the impact on investments in sectors hit hardest by the outbreak means healthier owners are now feeling the pain.

    Conglomerate Fosun International Ltd. could soon see its 2015 investment in Cirque du Soleil Entertainment Group wiped out, while PizzaExpress, owned by private equity firm Hony Capital, said this month it’s likely to hand control of the British chain to creditors. Baggage handler Swissport International AG is also negotiating with investors over a rescue that could see HNA exit the cash-strapped firm it bought in 2015, Bloomberg News has reported. HNA is also among Virgin Australia Holdings Ltd. shareholders set to lose everything after the airline collapsed in April.

    1. Back in the 1980s the Japanese bought a bunch of stuff in NYC. They ended up selling it for a loss.

      1. 👀 like$, as $ome folk$, they where early & ahead of the time$!

        ( “$old @.a.lo$$”, which get$ thee que$tion, whom where the “lucky” buyer$?)

  14. I’ll make a point of not spending money (and generating sales tax revenue) at businesses in neighborhoods where this happens, archive dot is link to Washington Post — Protesters target D.C. diners, triggering backlash after heckling woman:

    http://archive.is/zuwLk

    1. Only in Clown World could a crowd of privileged, upper middle class white brats harass a black woman for not raising her fist.

  15. ”The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement regarding the Federal Housing Finance Agency’s (FHFA) announcement to delay the implementation of a new fee on the loan amount for the majority of Fannie Mae and Freddie Mac refinance loans.’

    “While delaying the implementation of this fee may be helpful to lenders, it does nothing to mitigate the damage and cost it will have on consumers because lenders have already baked the fee into higher interest rates.” said C.A.R. President Jeanne Radsick. “C.A.R. is concerned that because lenders have already begun passing this punitive fee onto consumers, it will hinder the ability of California families to take advantage of the historically low interest rates.’

    “Moreover, the fee is counter to other actions taken by the government to ease the financial burden on Americans struggling during this pandemic because it is taking money right out of the pockets of homeowners when they can least afford it,” Radsick said.’

    https://www.prnewswire.com/news-releases/car-statement-on-delay-of-new-fhfa-refinance-fee-that-hits-borrowers-in-their-pocketbooks-301118334.html

    Whine country.

    1. “…this punitive fee onto consumers…”

      So, C.A.R, high risk borrowers should get a free ride?

      “…Americans struggling during this pandemic…”

      So, C.A.R, so it’s all the pandemic’s fault, and the REIConplex confesses innocence?

  16. Manipulating the media narrative.

    Columbia Journalism Review: Journalism’s Gates keepers

    “As philanthropists increasingly fill in the funding gaps at news organizations—a role that is almost certain to expand in the media downturn following the coronavirus pandemic—an underexamined worry is how this will affect the ways newsrooms report on their benefactors. Nowhere does this concern loom larger than with the Gates Foundation, a leading donor to newsrooms and a frequent subject of favorable news coverage.”

    “During the pandemic, news outlets have widely looked to Bill Gates as a public health expert on covid—even though Gates has no medical training and is not a public official. PolitiFact and USA Today (run by the Poynter Institute and Gannett, respectively—both of which have received funds from the Gates Foundation) have even used their fact-checking platforms to defend Gates from “false conspiracy theories” and “misinformation,” like the idea that the foundation has financial investments in companies developing covid vaccines and therapies. In fact, the foundation’s website and most recent tax forms clearly show investments in such companies, including Gilead and CureVac.”

    1. To be fair and balanced:

      “And that speaks to a larger trend—and ethical issue—with billionaire philanthropists’ bankrolling the news. The Broad Foundation, whose philanthropic agenda includes promoting charter schools, at one point funded part of the LA Times’ reporting on education. Charles Koch has made charitable donations to journalistic institutions such as the Poynter Institute, as well as to news outlets such as the Daily Caller, that support his conservative politics. And the Rockefeller Foundation funds Vox’s Future Perfect, a reporting project that examines the world ‘through the lens of effective altruism’—often looking at philanthropy.”

      1. “An In $titution Is The Lengthened $hadow Of One Man”

        Emer$on, Ralph

        . . . Every true man is a cause, a country, and an age; requires infinite spaces and numbers and time fully to accomplish his design; and posterity seem to follow his steps as a train of clients. A man Caesar is born, and for ages after we have a Roman Empire. Christ is born, and millions of minds so grow and cleave to his genius, that he is confounded with virtue and the possible of man. An institution is the lengthened shadow of one man; as Monachism, of the Hermit Antony; the Reformation, of Luther; Quakerism, of Fox; Methodism, of Wesley; Abolition, of Clarkson. Scipio, Milton called “the height of Rome”; and all history resolves itself very easily into the biography of a few stout and earnest persons.

      2. “As philanthropists increasingly fill in the funding gaps at news organizations—a role that is almost certain to expand in the media downturn following the coronavirus pandemic—an underexamined worry is how this will affect the ways newsrooms report on their benefactors.

        Translation: the globalist oligarchs who own every single media outlet of note in this country are using them to influence, not inform.

        Example: CNN shows a picture of the 17-year-old kid who shot two BLM thugs in self-defense on the ground receiving a flying jump kick from one of a mob of assailants clearly intent on doing him serious bodily harm. The caption of the pic describes this as a “clash” between a militia member and protesters, completely ignoring the fact that the kid had just been knocked down by one of his pursuers, most of whom had weapons in their hands, including a skateboard another assailant (subsequently fatally shot) used to clock the kid once he was on the ground. The kid defended himself using lethal force, which was completely justified under the circumstances since he was about to be the victim of a brutal mob attack, which BLM and Antifa have done countless times before, and no cops were anywhere in the vicinity.

        https://www.cnn.com/2020/08/26/us/kenosha-wisconsin-wednesday-shooting/index.html

        1. I watched the full video on bitchute. He was being attacked and he didn’t shoot randomly, but rather at the guys trying to beat him up. But his choice of weapon was dumb. He’d have done better with a pistol. And what the heck was doing out walking around with a rifle?

          1. He was a 17-year-old kid and “Blue Lives Matter” advocate (so much for MSN attempts to label him a Boogaloo Boy) who volunteered to clean up BLM graffiti at a local high school and to protect a car lot from looters. A looter decided the “self-styled militia” as the media called these guys were just posers, and started stealing stuff. Ka-BOOM! The kid shot the looter in the head, then for some reason decided to jog off down the street, pursued by the BLM mob. Rather than letting the cops deal with the gunman, the BLM thugs tried to deal with him themselves. Bad call. No jury that looks at the video of how this went down is going to convict that kid of 1st degree murder. Fortunately, all of his victims were white.

            Maybe, just maybe, the BLM “protestors” should consider whether they’d rather deal with trained, disciplined law enforcement officers, or amped-up teenagers with AR-15s dispensing their own brand of justice in a security void.

          2. ” …And what the heck was doing out walking around with a rifle?”

            instigate[ in-sti-geyt ]

            verb (used with object), in·sti·gat·ed, in·sti·gat·ing.

            to cause by incitement; foment:
            to instigate a quarrel.
            to urge, provoke, or incite to some action or course:
            to instigate the people to revolt.

          3. ” …And what the heck was doing out walking around with a rifle?”

            instigate[ in-sti-geyt ]

            You think the BLM-Antifa thugs who have been destroying and looting in that town for the past three nights needed any instigation? Maybe what they really needed was a reminder that there’s certain things resolute men, or 17-year-olds, won’t put up with.

            What an idiot.

          4. “or 17-year-olds, won’t put up with.”

            An Out.of.state 17 years old with an AR-15 @ knight … Where is that “law& order” legal in any of 50 States of America?

            waiting …

        2. I tried to read the Marketwatch article but couldn’t figure out what really happened. The Marketwatch article kept interspersing the description of this event with the description of the shooting of Jacob Blake, which happened yesterday. Is this SOP for news stories these days? To convolute two stories?

          1. I only have one note. People walking around with rifles make this country look worse that a third world African country. I extensively traveled the globe over many decades, and I have never seen anything like this in any civilized country, including many in Africa.
            The only exception, Israel, where I first saw an nice kid with a rifle at the ice cream stand. It turns out they are reservists on call 24/24 and need to carry those. Then I saw a few more young kids like that carrying those rifles, but they are where they are, and need to deal with it.

          2. The kid first shot a BLM-Antifa terrorist about to throw a Molotov cocktail. He called 911 afterwards who told him to go to the police line. He was jogging toward the police line when he was pursued by BLM-Antifa thugs, who caught up with and assaulted him. Only when taken to the ground did he fire on the two who were direct threats, killing one and blowing a big hole in the arm of another who was holding a pistol, was a convicted felon, and was from a Milwaukee-based revolutionary communist group. Another terrorist who had been attacking him, but then backed away and put his hands up, was unharmed. The kid tried to turn himself into police, but they were overwhelmed and ignored him.

            That’s it in a nutshell. Three radical-left thugs discovered there can be serious consequences when you assault armed citizens.

  17. Politics
    At RNC, Gavin Newsom’s Ex-Wife Kimberly Guilfoyle Paints California as a Hellhole
    The former Fox News personality—and current girlfriend of Don Trump Jr.—shouted a speech that used California as a cautionary tale
    By Gwynedd Stuart –
    August 25, 2020

    Former Fox News personality Kimberly Guilfoyle made a memorable visit to the podium during night one of the Republican National Convention, delivering (OK, shouting) a speech The New Yorker appropriately described as “high-key dystopian.”

    Gesturing wildly with her arms, 51-year-old Guilfoyle—who’s currently dating President Donald Trump’s son Don Jr. and was once married to Democratic California Governor Gavin Newsom—warned the virtual audience that if Joe Biden and Kamala Harris are elected in November, the United States is certain to befall the same fate as Cuba or Venezuela—or worse, California.

    “If you want to see the socialist Biden-Harris future for our country, just take a look at California,” Guilfoyle said. “It is a place of immense wealth, immeasurable innovation, an immaculate environment, and the Democrats turned it into a land of discarded heroin needles in parks, riots in streets, and blackouts in homes.”

    “In President Trump’s America, we light things up,” she yelled. “We don’t dim them down.”

    1. “By Gwynedd Stuart –
      August 25, 2020”

      More real journalism from Gwynedd Stuart…

      AN L.A. ARTIST WHOSE WORK WAS USED BY RUSSIAN FACEBOOK TROLLS STRIKES BACK WITH THE TALKING TRUMP DOLL

      GWYNEDD STUART
      NOVEMBER 14, 2017

      The dolls are going for $69 each, and they’ll be delivered next month if the campaign reaches its $135,000 goal by Nov. 30. It’s one way to relegate Trump to the 1980s, which is probably where he belongs.

      https://www.laweekly.com/guest-author/gwynedd-stuart/

        1. For someone who’s 50, yeah. It gives me some hope since I’m going to be there next year.
          But I gotta wonder about some one who was married to Gavin Newsome and is now dating a Trump. That’s some serious red pilling!

          1. That’s some serious red pilling!

            Is it? Or is it just evidence that most of the people at the top are just trying to win and don’t believe the BS they peddle as part of the war effort?

          2. I had a similar thought, Carl. Politics is all about oligarchs selling the proles the BS they want to believe the oligarchs represent.

          3. But I gotta wonder about some one who was married to Gavin Newsome and is now dating a Trump.

            The party is just window dressing. They’re all the same people.

          1. Eye 👀, & out of now.where, a free.radical thought: “has she ever experienced herpes?”

    2. I’d say that out of control capital and unregulated economy create all that he is describing. It burns like a fire, and leaves nothing behind but pain and misery.
      By they way, at some point in old Greece, it was completely forbidden, and also quite disgraceful to gesticulate during a speech. You had to make your point by ration and not by drama “like an actor”. 🙂
      And then again, Cicero(Rome) was the master of drama, all his speeches were quite a show.

      1. Cicero was an absolute master of flowery Latin language and literary devices. Our third-year Latin class in high school studied one of his thundering speeches to the Senate. It probably was likely delivered in 10 minutes, but it took all of us together months to translate.

        1. Agreed. His works were fundamental to any serious education in all European universities through the middle ages, and still remain fundamental to the study of Latin to this day. Except they replaced Latin with financial engineering these days.
          But he was also a superb politician and lawyer, with all good and bad. He had a good cause in saving the Republic, but never stopped from manipulating the masses through dramatic speeches using all the tricks he knew of. I would have loved to watch him today. He would have fit perfectly into this mess.

      2. “And then again, Cicero(Rome) was the master of drama, all his speeches were quite a show.”

        dtRumpsis … or … Eye have a.”Hawaiian birth certificate” Kenyan.O’Bammy ,

        Whom do you think is thee Ma$ter.of.Drama?

        1. I don’t believe it matters that much. They are all a product of our system. A reflections of…us all!

          1. “I don’t believe it matters that much.”

            critical thinking will guide you otherwise.

  18. Gold is surging towards $2,000 again. The Fed’s bullion bank market-riggers with their massive short positions in gold and silver must be soiling themselves at the prospect of precious metals headed far higher now that the Fed is openly declaring its intent to spur inflation by escalating its currency debasement.

      1. …and climate change comes directly from the winners of the old capitalism, the energy industry. It all goes back to trying to replace the old winners with some new ones and scrambling to be one of the new ones. It all sounds so noble on the surface…but it’s just tribal and generational war by other means.

        1. It all goes back to trying to replace the old winners with some new ones and scrambling to be one of the new ones.

          Everybody wants to be the next Elon Musk, feeding at the trough of government.

      2. Except forcing the transition to the “new winners” comes with a cost of a substantial societal loss of energy efficiency and security.

        Exhibit A: California’s recent rolling blackouts during a heatwave…did anyone figure out how many died due to no AC when temperatures exceeded 100 degrees Fahrenheit?

        1. “… did anyone figure out how many died due to no AC when temperatures exceeded 100 degrees Fahrenheit?

          Maybee, they died, on account$ they was out in 100+°F heat raking their properties$ so they would bee $aved, as per thee.🍊.Jesus command$!

        2. ” …with a cost of a substantial societal loss of energy efficiency and security. ”

          Folk$ wa$te monie$ on all sorts of thing$, eye bought x8 solar light$ @ a “clo$ing” ACE hardware store last week for $2 each. They run on USB or rechargeable batteries or AC, comes with a x6 hour shut off timer too!

          Ehe hope they last as long as “old.blinky” my $2 Home.Depot light eye bought in 1999 –

        3. Our Great Gubbernor saw the ghost of Gray Davis on the 2nd day and opened our collective taxpayer wallet wide to make sure that there’s enough power to meet demand for the remainder of the season.

          Funny thing is, my AC compressor’s starting cap took a dump this afternoon. At least its a dry heat…

          1. “Gray Davi$ on the 2nd day and opened our collective taxpayer$ wallet wide”

            Thee.gho$t, ha$ a name: Ross.”eye.love.Californicate”.AC.”Perot.

            Many.Thank$.$uckers!

      3. According to Democraps, all problem$ facing humanity $tem from climate change.

        $o $ayeth thee Oracle!

      1. Musk is a con man.

        He is. All his talk about colonizing Mars in the next decade or two is baloney. He might get some astronauts there by then, but a colony? I don’t think so.

        Also, the talk of using Starship for suborbital Earth travel would have a lot of caveats. Rockets, unlike airlines, can’t takeoff in bad weather. They subject their passengers to high G’s. The re-entry is scary. It’ll be expensive. Sure, some thrill seekers with deep pockets might go for it.

        Nevertheless, SpaceX did get two astronauts to the ISS in May. Boeing *might* get that done next year.

        1. Musk is a con man.

          He is.

          Maybe. But most con men are driven by laziness. Musk is a different breed. Don’t underestimate someone who can get things done, even if they are also working the system at the same time.

          1. I know he can get things done, he did humiliate Boeing, after all. But he does over promise, a lot. He said he would land people on Mars by 2024. I doubt his Starship will have made it to the moon by then, maybe not even to orbit yet. It’s worth keeping in mind that he was late to get the crew dragon to the ISS, even though he was pretty much using existing tech. He only won because Boeing was even more behind schedule.

  19. This just in:

    ‘Rising FHA delinquency rates threaten homeowners and neighborhoods in numerous metro areas across the country. However,10 metros in 7 states present especially large risks due to the combination of: A large FHA portfolio containing a high percentage of delinquent loans (>17%) or seriously delinquent loans (>10%). These percentages include loans in forbearance, and An FHA share of all purchase loans in 2019 >15%.’

    ‘It would be expected that these delinquency percentages will increase over time. At some point, a significant percentage of the then delinquent loans would be expected to be placed on the market by owners under destressed conditions or become foreclosures, and then enter the market. It is at that point we would expect buyer’s markets to develop in zip codes with heavy exposure to FHA and other high risk lending combined with high levels of delinquency. Homeowners in these zip codes will predominantly be low income (zips will be at about 50-90% of area median income) and contain high percentages of households of color.’

    ‘As reported in FHA Neighborhood Watch (includes loans in forbearance): 17% of FHA’s approximately 8 million loans were delinquent in July 2020, and 10.5% of FHA’s approximately 8 million loans were seriously delinquent in July 2020.’

    https://www.aei.org/economics/nowcast-10-metros-most-threatened-by-high-numbers-of-fha-delinquencies/?mkt_tok=eyJpIjoiTnpneVpERTJZV1EzWXpjNCIsInQiOiJJUnFGeTdrYkNSWTlnU0tsUXdSZEpIaG5rTjFoaUZGZFFYVCtZQmU2eTdxUlhkXC9nQzVWSVRRQ2Q4bzZRWWxRd1wvTEZ4NUFQbjhtd1dYVEJ6SjdpRmQzZjlcL1pNWXFYWGtjeVwvRFwvNjZDcGdzN29KYzVKb3JZaUtHWnp0RFFJc3FpIn0%3D

    There’s a table and spreadsheet with details at the link.

    1. Interesting data.

      So the long term historic delinquency rate is 0.5%. Since 2001, the delinquency rate has been well over 3% at every interval…. 600% higher than long term trend.

      …. and who here is says that’s typical?

    1. Also related to the complete absence of U.S. household savings in the wake of the Fed’s protracted and highly successful War on Savers…people living in expensive homes with no savings need immediate forbearance in a financial crisis to keep them.

    1. Something strange happened today: Given the Fed’s Ponzi markets hit new highs, bets on volatility like TVIXF (pink sheets) or against financials (FAZ) should’ve gone down. Instead, they went up. Curiouser and curiouser, said Alice in Wonderland. Makes me wonder if the Fed’s Wall Street insider cronies are stealthily starting to line up their bets against the bubble.

    2. Are you missing out on Wall Street’s never-ending COVID-19 pandemic rally?

      Look, I’ve missed every single stock rally since the great meltdown of 2008 or whenever. I’ve been holding cash, saying “thank you, sir, may I please have another?!” to the FED as they destroy my savings.

      1. Me too. Didn’t get back into stocks in 09. Didn’t get back into houses in 12. Kept thinking it wouldn’t work. Now I think don’t fight the Fed as long as the dollar has value.

        1. Same here, not that I was in any position to take advantage of lower prices, having lived in CA during that time, leading to us barely scrape by anyway.

          I’ve now learned to think like all the idiots willing to borrow to buy whatever the hell I want. I mean, why fight the tide? I’ll (joking here) likely get a house and default on it immediately once the crater has really picked up steam in Boise so I can get bailed out and ride the next wave up.

  20. Denver councilwoman falsely accuses police of pulling gun on her, other protestors

    Apt 401, care to take a guess who she is?

    Why it was Cindi CdeBaca, of course!

    Just three days before the protest, CdeBaca’s fellow council members overwhelmingly defeated her proposal proposal for a “Peace Force” to replace the Police Department. The vote was 11-1.

    According to a CBS4 report, Mayor Hancock called the idea “reckless and irresponsible, adding it won’t happen so long as he’s mayor.

    https://pagetwo.completecolorado.com/2020/08/24/denver-councilwoman-falsely-accuses-police-of-pulling-gun-on-her-other-protestors/

    1. Denver voters deserve her, and every consequence they have coming from voting her into office.

    1. I miss the days of “f*ckd company”, the proto-blog that chronicled the dot-bomb era. Some good memes came from that place.

  21. What kind of idiot tenant signs a lease making them responsible for major repairs?

    https://chicago.cbslocal.com/2020/08/25/leaky-roof-crumbling-walls-landlord-says-tenant-must-pay-for-repairs/

    HICAGO (CBS) — The Morning Insiders hear about a lot of landlord-tenant disputes. This next story comes from a mother of three who was concerned about water gushing into her home.

    Her landlord said she needs to pay for the repairs, per her lease. Is that legal? CBS 2’s Lauren Victory dove into this headscratcher.

    Water is dripping out of Tina Jackson’s kitchen cabinets. It’s not the only strange spot for a shower in her new South Shore townhome. Water also is coming in through her daughter’s bedroom.

    Jackson said the leaks began only about two weeks after signing her lease.

    “When it rains, it comes down back here,” she said. “They can see what I’m doing in here because i’m unable to hang my curtains up.”

  22. $o, in “free.market$” Capital.i$m” you cheer for politician$ who pick: Winner$ & Lo$er$? … $ound$ kinda.$oviet.$oliali$t.to.my$elf.

    “I’m concerned that companies in China could come into the U.S., make a sweetheart deal, take sensitive information, take proprietary technologies, and use it to enrich their own space program, their own national security efforts in China,” Colorado Sen. Cory Gardner, a Republican member of the Commerce Committee, … ”

    I$ it more efficient to by an American bicycle company, or just Amazon/grab their $tate.of.the.art product$ with free $hipping & copy ’em?

    Talk about living.in.thee.pa$t …

    1. China could come into the U.S., make a sweetheart deal, take sensitive information, take proprietary technologies, and use it to enrich their own

      Have you been living under a frekin’ ROCK? They’ve been doing this for years.

      1. Eye remember see “made.in China” labels on crap since eye was 10 years old.
        (currently 63, iffin’ my birth.certificate is true!, Good thing it’$ knot from Hawaii, or Californicate!)

  23. Anytime an evil, mendacious collectivist regime, be it the CCP or their ideological comrades in the Democrat Party, tells you there’s no need to panic, it might be a good idea to panic before the rest of the herd.

    China says no need for panic buying of food and oil

    https://www.reuters.com/article/us-china-agriculture-grains-idUSKBN25M0CQ

    China says no need for panic buying of food and oil

    BEIJING (Reuters) – China’s food supplies remain stable and consumers should not be “overly anxious” or even resort to “panic buying”, a senior agriculture ministry official said on Wednesday, following recent uncertainty caused by the coronavirus pandemic.

    Still, farmers and traders should prevent food waste caused by improper storage, while farmers who stockpile in the hope of later gains should be wary that prices could turn against them, ministry official Tang Ke told a briefing.

    President Xi Jinping raised the issue of food security earlier this month when he spoke about “shameful” food wastage, while a government think tank has warned about a looming food supply gap by 2025.

    1. Geeze, they sound like 1984. Do they ration chocolate and saccharine tablets too?

      And yes, some of the prepper channels are following the food issues. Evidently there have been some crop failures in China (not clear on the details).

    2. I’m going to load up on some rice and beans. I DO eat them on the regular, but after they disappeared from store shelves last spring, I’d rather not deal with the headache of empty shelves again. Might as well put away 30 lbs or so.

      1. I went to the flea market they have every weekend in Colorado Springs and got a 50-lb sack of pinto beans, then hit the nearby Asian market and picked up plenty of Thai rice. I’m set!!

  24. I have mild FOMO. Seen this movie before though. What a kick in the gut it would be if we have a 10 year trend going forward of market going up. I am about ready to go all cash and just dollar cost average back in.

    1. “Residents of New York City’s Upper West Side are considering suing the city after hordes of homeless people were placed in luxury hotels in the neighborhood due to the coronavirus crisis.”

      Those “luxury hotels” are owned by well-connected businessmen who will get all new bedding, furniture and building upgrades paid by the taxpayers when this subsides.

    1. Hopefully all of those high rise luxury airboxes that sell “from the millions” in major cities around the globe were designed to prevent spreading of the SARS-CoV-2 virus by aerosol transmission through a communal air circulation system.

      Otherwise anyone who wants to avoid catching the virus would seem safer in standalone housing.

  25. Not again!

    ‘The LAPD is investigating a deadly shooting that happened overnight at a party at a short-term rental house in the wealthy Beverly Crest neighborhood. According to the LAPD, West Los Angeles officers responded to a call of a shooting in the 2200 block of San Ysidro Drive around 2:30 a.m. Wednesday.’

    ‘The department said a party with about 25-30 people in attendance “resulted in a shooting leaving one man dead and another seriously injured.” The fatal shooting marks the second time someone has been killed at a so-called party house in that neighborhood this month.’

    “It’s extremely troubling,” said Ellen Evans, vice president of operations with the Bel Air Beverly Crest Neighborhood Council. “People are afraid, people are annoyed at the fact that it’s not been stopped.”

    “The proliferation of it has become out of control, especially now during the pandemic because of the bars being closed,” Anastasia Mann, president of the Hollywood Hills West Neighborhood Council, told us.’

    https://laist.com/latest/post/20200826/la_party_house_shooting_death_hollywood_hills

  26. How is Hawaii’s effort to use a full shutdown of their tourism industry in order to keep away the SARS-CoV-2 virus working out for them?

    1. It’s ok to spread the virus in Hawaii, as long as it’s done in God’s name.

      CORONAVIRUS IN HAWAII / 277 NEW CASES REPORTED WEDNESDAY / 7,260 TOTAL CASES / 51 TOTAL DEATHS

      News
      Governor signs off on ‘stay-at-home’ order for Oahu that goes into effect tonight
      By HNN Staff | August 25, 2020 at 10:19 AM HST – Updated August 26 at 6:18 PM

      HONOLULU, Hawaii (HawaiiNewsNow) – A spokesperson for Mayor Caldwell’s office says Gov. David Ige has officially signed off on a new stay-at-home order that will now be in effect for Oahu residents by 12:01 a.m. Thursday morning.

      The order, which was described as similar to the one issued in March, will remain in place for two weeks. It allows essential businesses to stay open, including child care and some educational services, construction, and health care. Religious services will also be allowed.

      But businesses not considered essential will have to close.

      The list of non-essential businesses includes retailers, personal services (like salons and barber shops), gyms, and restaurants, which will have to revert to takeout only. Beaches and parks will also remain closed.

  27. Globalist media outlets inform us the Keynesian fraudsters at the Fed have adopted a “new strategy” widely seen as leading to “an easier monetary policy over time.” How is that anything new for these counterfeiters and racketeers?

    Of course you will never see a true headline:

    Fed Escalates Its War on Savers, Debasement of the Currency to Further Enrich the Already Superwealthy and Hasten the Arrival of Weimar Republic 2.0 Hyperinflation for the 99 Percent.

    Fed unanimously adopts new strategy, widely seen as leading to easier policy

    https://www.marketwatch.com/story/fed-unanimously-adopts-new-strategy-widely-seen-as-leading-to-easier-policy-2020-08-27?mod=mw_latestnews

    The Federal Open Market Committee on Thursday announced that it has approved changes to its written policy strategy that are widely seen as leading to an easier monetary policy stance over time.

  28. Right on cue, the Fed’s hedge fund and “asset manager” cohorts are trying to tell their “clients” gold is in a bubble. Translation: the Fed’s bullion banks are facing insolvency due to their massive wrong-way bets against gold at the Fed’s behest. Now the financier oligarchy and their media lapdogs are going all out to dissuade retail investors seeking to protect their wealth from the Fed’s deranged money printing from safe-haven gold purchases, which will drive up gold demand and prices even further, crushing the market manipulators.

    https://www.fa-mag.com/news/gold-is-bigger-bubble-than-tech–says–63-billion-asset-manager-57691.html

    1. Looks like Joseph “shoot me, n***a” Rosenbaum got his wish. And 17 year old Kyle Rittenhouse is going to need a GoFundMe account.

      1. That those idiots tried to attack someone who was armed shows how deluded and coddled they are. They really think they’re untouchable and that they can do anything with no repercussions.

        They might be able to harass and scream at people dining in big city restaurants, bullying them into raising a pro BLM fist; but as they are learning, people in smaller cities won’t put up with their BS.

  29. Caught a little late night comedy on the CBS Morning News today, Gayle King was interviewing senator Tim Scott and asked him why the black man was shot in Kenosha, Wisconsin and the white 17 year-old vigilante who shot 2 people was handed a bottle of water by police?

    IMHO Tim Scott like many people did not understand when the white kid got to the cops, no matter what he had done had his hands up and clearly had no weapon that threatened them.

    There are obviously bad or badly trained cops, hell I could have told you that in 1977, but if you let them see your hands and show them you are not a threat, don’t fight with them, don’t resist when they put the cuffs on you are more than likely going to have your day in court.

    That is not the message from the MSM. Their message is if you are black you may be gunned down by the police while you are on your way home tonight.

    The cop who knelt on George Floyd’s neck was scum. had George Floyd listened to the cops who were arresting him in the first place and done what they said, that cop would never had the chance to do it, The black dude who was passed out in the drive through in Atlanta would have gone to jail on a DUI had he not fought with the cops and shot their laser at them as he was fleeing and although I’m not sure about the black guy in Kenosha, it appears he fought the cops and then reached inside his car. Is that a reason to be shot 7 times? Probably not but I’m not some cop who just got punched and is watching the dude who punched me reach in his car for something.

    My point is the MSM would be doing black people, quite a few major cities, the United States and for that matter the world if they played Chris Rock’s How not to get your ass kicked by the police video rather than stoke the Soros sponsored BLM flames and ignore the rioting looters while calling them peaceful protesters.

    Chris Rock – How not to get your ass kicked by the police!

    https://youtu.be/uj0mtxXEGE8

    1. My point is the MSM would be doing black people etc.

      a favor if they played Chris Rock’s video rather than etc.

    2. “…and the white 17 year-old vigilante who shot 2 people was handed a bottle of water by police?”

      Kind of like bagging your first Buck.

      1. vigilante

        Well, that’s what happens when the mayor refuses to have the police and national guard keep the rioters from burning the city down.

  30. What I learned in the last year is just how much the Dem Party tied itself to the Welfare State. It’s a party using tax funds to get votes while never wanting to solve the problems those tax funds were suppose to solve.
    Instead they tried to make the welfare State bigger . So the crazy idea of expanding welfare to ilegals and having open borders. So, the hard working Citizens of the USA are forced to support this voting block that is the welfare State. It’s nothing but a bribe.

    At the same time the Globalist, the monopolies, could care less about USA jobs because it’s all about using the Government to supplement the looting of American jobs.
    So, this Political racket has evolved into the Communist Manifesto where Big Government will take you freedom and money to take care of their voting block.

    Obama/Biden didn’t care about jobs. It was all about taxing income by Obamacare to pay for their voting block as well as insure the gouging of the Medical Cartel.
    So, this war on the working class in America , who have been gutted by this betrayal by this Political racket that serves the Looters of America , summed up as the Globalist and the Welfare State is clear.
    So all the fake narratives rather than a correction of this warped hijacking of the Government. The Dems even put up a Globalist being Bloomberg but he wasn’t liked.
    The Framers of the Constitution most likely at the time couldn’t perceive a welfare State takeover of Government as well as outsourcing of USA jobs to foreign Countries. In fact the Founders didn’t give Corporations the power to finance elections, which the high Court corruptly changed in recent years.

    So, of course the Government has been hijacked by the Commie Mob Looters and the Globalist Looters who support these thugs.
    This is not Government by the people but rather Government by corruption that has reached critical mass.
    The Resistance has come out and showed their true colors like never before.

    The education system was also hijacked by the Commies and the brainwashing of a couple of generations is clear.

    You can’t unite what divides us now and you can only defeat this highjacking of America that already took place.
    It’s pretty clear that what use to be the biggest voting block in USA , being the productive working class , isn’t represented by the Dems anymore. In fact they are coming for your guns and your taxes while they want open borders which is insanity.
    The Republicans need to become a new type of party, which is difficult in light of this highjacking. The money people speak loud in wanting their Globalist gravy train to continue.
    This course will destroy America and I’m sure Communist China would love that.
    Just saying that the working class needs to be empowered again or we are doomed .Real capitalism needs to return instead of rigged markets and monopolies.

    1. “It’s a party using tax funds to get votes while never wanting to solve the problems those tax funds were suppose to solve.”

      That was LBJ’s script.

    2. the high Court corruptly changed in recent years Be that as it may, I think Congress, the President & the people could conspire together to change that policy, and indeed change the way the high Court operates. But notice no one has raise this possibility.

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