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Escaping All Proper Control

A weekend topic starting with China Worker. “The following is a document discussed at the 2015 congress of the ISA’s China, Hong Kong and Taiwan section. This appeared in our book Building the Socialist Alternative (published by chinaworker.info November 2015, 94 pages, available here) but has never previously been available online. While certain details and statistical information have receded in importance, or even in some cases been disproved by subsequent events, the general outline presented in this document from six years ago has been vindicated.”

“The bursting of China’s massive investment bubble and the sharp drop in internal demand, threaten to enormously complicate and even derail the radical reform programme or ‘economic transition’ that Xi Jinping and his government is committed to. This has been likened to performing a ‘heart transplant’ on China’s economy. Xi’s reform agenda is fundamentally identical to the neo-liberal ‘structural adjustment’ measures associated with the IMF and World Bank. These institutions have also been closely involved as advisors to the Chinese regime over economic policy.”

“So, what is the driving force behind Xi’s ‘transition’ agenda? Certainly it is not a question of ideology, no matter how readily government spokesmen mouth neo-liberal jargon. China’s leaders are ‘pragmatic’ to a fault, but in their struggle to stay in power they are driven by merciless economic pressure – the pressure of a debt time bomb that unless defused raises the spectre of financial collapse with revolutionary upheavals as a result.”

“The capitalist class globally fears that China, the biggest and most decisive emerging market, is being sucked into this malaise. Despite their upbeat speeches this fear is shared by China’s leaders. Reflecting the interdependence of the global economy, the US Federal Reserve postponed its long-planned interest rate increase in September 2015. Yellen, the Fed’s chairman, mentioned ‘China’ six times and ‘global’ ten times at her press conference to explain the decision.”

“The truth is that China’s unfolding crisis and the crisis of global capitalism are inextricably linked and it is impossible to fully understand them if we view them separately. China’s current predicament is a result of the global crisis in 2008 and the measures Beijing took to try to escape that crisis. The world economy has not come close to full recovery mode and has instead become dependent upon extraordinary ‘life support’ measures (‘quantitative easing’ and money printing on a scale never before seen) in order to achieve lacklustre growth.”

From Taiwan News. “Following the arrest of five senior staff at Hong Kong’s pro-democracy newspaper Apple Daily, Hong Kong Secretary of Security John Lee (李家超) has threatened those who maintain contact with the five with a ‘hefty price.’ Speaking at a press conference Thursday, Lee told those assembled, ‘Don’t associate with these criminals endangering national security, you will pay a hefty price… cut ties with these criminals before it’s too late to repent,’ according to the Hong Kong Free Press.”

“While police blocked exits and rummaged through the computers and desks of journalists, those present were prevented from moving freely in the building, and some officers reportedly prevented photos from being taken. The cause for the arrests was the publication of 30 articles in both Chinese and English that called for the implementation of sanctions by foreign governments on either Hong Kong or China, Lee said. The security chief declined to answer reporters’ questions as to whether the paper’s continued operations would constitute a crime, nor whether it would be illegal to share the paper’s articles or buy shares in Next Media, the parent company of Apple Daily.”

“However, Lee did make a veiled threat against anyone who would share articles from Apple Daily and other pro-democracy publications, saying that while the motives of those who shared said content would, of course, be examined, it would be best not to ‘draw suspicion to yourself, if it is not something you wish to spread,’ per Hong Kong Free Press.”

From News.com.au. “Australia’s economy is in a ‘triple crisis,’ prompting calls for a royal commission into the future of housing. The reason why? Because Australia’s property market is going so well. The report, titled ‘Housing: Taming the Elephant in the Economy’, interviewed a panel of 87 experts and has been a year in the making. Among its findings were that the number of homeowners under the age of 35 have halved since 1995, with most properties concentrated in the hands of 65-year-olds or older.”

“According to the research, the home ownership is now out of reach for any Aussies under the age of 35. Australia is one of the most indebted developed countries, beating the US, UK and Canada. The inequality gap is widening as the housing market continues to surge.”

The Globe and Mail in Canada. “A far-reaching report on how to improve housing supply in B.C.’s large urban areas includes a recommendation to get rid of the province’s homeowner grant, as well as a proposal to examine whether to end the countrywide capital-gains exemption on principal residences. Within hours, however, the report’s most contentious recommendations were rejected by the two governments that had paid for it.”

“In a sign of what politicians see as an untouchable third rail in housing policy, B.C. Finance Minister Selina Robinson said less than an hour after the report was released on Thursday that her government is not contemplating any revision to the homeowner grant, which distributes almost a billion dollars of tax rebates to residential property owners.”

“Liberal finance critic Mike Bernier said he was shocked by the report’s recommendations on that issue and the homeowner grant. ‘There shouldn’t be a penalty to those fortunate enough to already be in the housing market.'”

From KGW in Oregon. “State lawmakers are considering whether to extend the state’s eviction moratorium. This week, they outlined a proposal to protect renters from eviction for nonpayment for 60 more days, as long as they have applied for state rental assistance. ‘There’s a lot of landlords out there who can’t afford that,’ said Christian Bryant, president of the Portland Area Rental Owners Association. He says the last 15 months have already been tough for smaller landlords who were forced into foreclosure or had to sell property.”

“‘It’s unfair to put that bill on the landlords. If we’re going to provide a social service to help out a segment of the population, then we need to agree as a population to split that cost up among all of us,’ said Bryant.”

The Epoch Times on California. “As California’s population drops due to a mass exodus of residents escaping high taxes, exorbitant housing costs, and increasing homelessness, there’s another factor that’s been quietly contributing to the downturn: the declining birth rate. Data shows that while the Golden State’s population continues to grow old, young adults are having fewer kids.”

“Frank Bean is a professor of sociology and the director of the Center for Research on Immigration, Population and Public Policy at the University of California–Irvine. He has some ideas on California’s falling birth rate. ‘One thing I think is important is that 90 percent of the population in the United States is not making any more money than they did 20 years ago, 30 years ago,’ Bean told The Epoch Times. ‘Parents are making less once you can adjust for inflation. In other words, incomes have been stagnant or declining, especially for people at the bottom.'”

“‘There’s lots more labor-saving devices and technological changes and so on, but in terms of how much money people make [and] how much they have to pay for housing, it’s much more difficult,’ he added.”

“John Moorlach, a former state senator and Orange County supervisor, said he likes to ‘look for corollaries’ when analyzing situations; in this case, by studying states that are also not growing, and how that has affected them over a 10 or 20 year period. ‘Obviously, I’ve been to Michigan and I drove through Detroit. That’s awful. You know, when you see empty houses and boarded up factories … that’s not pretty,’ he said, mentioning Illinois, New Jersey, and New York as other states that have seen large exoduses.”

“He said that Gov. Gavin Newsom ‘isn’t thinking recession’ yet—but when it comes, ‘it’s going to be really awful.’ ‘It’s gonna be worse than what Arnold Schwarzenegger faced when he showed up in it during the liquidity crisis,’ he predicted.”

The New York Post. “Commercial rents fell across Manhattan retail corridors in the past year, with one Soho stretch down a whopping 37 percent, according to the Real Estate Board of New York’s spring 2021 retail market report, which covers March through May, previewed by The Post. The retail rental market’s recovery depends on Manhattan office workers returning to their desks, the report said.”

“Retail space in tourist and commuter neighborhoods took the biggest hits according to the report. ‘There were really no tourists to speak of. And in the business areas, it was a ghost town,’ Robin Abrams, vice chairman at Compass Inc., told The Post. She described the market as ‘extremely challenged.'”

The American Thinker. “How’s this for taking a leftist lemon and trying to make lemonade from it? Leftist columnists closely aligned with Democrats and their policies are now praising unaffordable home prices and the coming U.S. future as a renter nation. In a column titled ‘America Should Become a Nation of Renters’ Bloomberg’s Karl W. Smith writes: ‘Rising real-estate prices are stoking fears that homeownership, long considered a core component of the American dream, is slipping out of reach for low- and moderate-income Americans. That may be so — but a nation of renters is not something to fear. In fact, it’s the opposite. This process is painful, but it’s not all bad. Slowly but surely, most Americans’ single biggest asset — their home — is becoming more liquid. Call it the liquefaction of the U.S. housing market.'”

“But there’s even more, and now-left-leaning columnist Froma Harrop, in a piece titled ‘The American dream can be rented,’ tells us: ‘As lockdowns sent city dwellers ‘fleeing’ to the suburbs for more space, the prices of homes offering that space took off. To play in the bidding wars, homebuyers had to cough up big money and chain themselves to giant mortgages. This painful scenario led many to choose renting over buying, and that’s not a bad thing.'”

“‘Why can’t the American dream of a detached house with a family room be rented instead, like an apartment? Actually, it can. Houses have been available for rent forever, but now real estate investors are building entire subdivisions for the purpose of renting, not selling, the homes. For generations, the real estate industry has promoted a cult of homeownership, portraying it as a rite of passage for the upwardly mobile. Realtors pushed it. Lenders pushed it. Developers pushed it. And so did the government, with easy mortgages.'”

“At a recent party in May in Lake Elsinore, California for a friend who was moving to South Carolina, virtually everyone there was black, Mexican, or Asian, with many immigrants, and as property-owners, they said they had achieved their dream. Democrats can’t stand people like this, the idea of people of all colors owning their own homes with garages full of expensive sporting equipment. It makes them sick, this idea of peons moving about the country and ‘escaping all proper control,’ as the Duke of Wellington put it, as noted by Eric Hoffer.”

“Hernando de Soto, the great Peruvian economist, wrote about this Mystery of Capital and the importance of being able to have property rights as critical to eliminating the third-world shantytown life. Without property rights, which includes access to having property at all, life can get pretty rotten. Democrats are all in for this kind of rotten. It transfers human wealth and autonomy into money and power for themselves.”

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This Post Has 119 Comments

  1. I’m open minded about political views, but I draw the line at communism.

    ‘while the motives of those who shared said content would, of course, be examined, it would be best not to ‘draw suspicion to yourself, if it is not something you wish to spread’

    So who is doing the silencing anymore? What’s happened to the internet? Where now monopoly and vast wealth are used against free people? This is just unacceptable.

        1. you’re welcome. i think she’s the most courageous person i’ve ever seen. and somehow through all that horror she held onto her decency and dignity. and sadly, she’s in danger right now in this country. the country she loves. her new home.

        1. right on! this regime is not beyond being bought off by china to have her green card cancelled and deported to NK where her treatment would make otto warmbier’s look like a birthday party. they’d like nothing better than to make an example of her as a warning to others.

          almost as good for them would be to have her kidnapped and returned in secret. least attractive would be to have her assassinated. they’ll try to avoid that, but they’ll take it if the first two aren’t possible. she needs heavy protection.

          she’s used to government naked aggression, but she not used to a sneaky government pretending to be her friend. the US government is not her ally and she doesn’t know it. if trump were still in power she’d at least be safe from deportation. not from assassination though (or even kidnapping).

          1. Even in the worst case scenario, the worst the fascist US government could do is deport her back to South Korea.

          2. “Even in the worst case scenario, the worst the fascist US government could do is deport her back to South Korea.”

            incorrect. her country of origin is north korea, and they’d want her back. south korea wouldn’t want her even if they could get her.

            what north korea would do to her and her son would make what they did to otto warmbier look like a birthday party. they’d torture her as long as she could be kept alive and probably force her son to watch until it was his turn. remember what the usa brown shirts did to the boy they deported to cuba? same could be done to her.

            she trusts that this country will protect her, but i think bye-done would give her up in a heart beat. he and the left hate what she’s doing here. she’s fervently anti-communist and growing more so everyday. they’d love to get rid of her. they won’t protect her and i can only pray that she’ll realize that soon.

            she loves and is devoted to freedom and this country, which makes her against communism, which makes her an enemy of this ‘administration’. worse for them is that she’s growing in popularity and getting a bigger voice.

            anyone who has a heart should be praying for her.

      1. You need to shift your thinking; You need to see cancer from the tumor’s point of view.

        A tumor may, in the end, kill the host but up until such a time it gets to enjoy a free ride.

      2. I would like to see communists take over for just enough time to see the ‘eradication’ of the woke ceos, tech perverts, bankers & pedos in hollywood & media. It might just worth it, no?

        1. Once the Communists had consolidated their power in Russia, they set about purging the revolutionaries who would’ve turned against the regime once they became disillusioned by its lies and false promises. Similarly, in Cambodia the Khmer Rouge movement’s paranoia led to the torture and execution of 20,000 of their own in the infamous S-21 prison. But you should note that commies can only impose tyranny on unarmed populations, and with the way ‘Muricans are gunning up, it seems millions of Deplorables are not about to go quietly into that Long Goodnight that globalists and their Bolshevik-Democrat stooges have in store for us.

    3. Being anti-communist is enough to land you on AG Garland’s ever-growing list of “extremists.”

      1. Yeah, well that’s one more reason to fight back. It’s not like they’ll just take an inch.

    4. It’s time to stop talking, and time to start killing.

      Southern Poverty Law Center, and all other self-anointed language police, I am talking to you.

      I’m too old for fighting in the streets, but I will support any and all who will fight globalism/communism (it’s the same thing).

      De-radicalize this, you unelected Deep State globalist sh*tbags. 2020 was just the beginning, it’s gonna take decades to root all of you termites and cockroaches out and exterminate you.

      There is no higher law in existence than the United States Constitution as originally written. You’re done here, we want you dead 🙂

  2. ‘According to former Arizona police officer Brandon Tatum, author of the upcoming book, ‘Beaten Black and Blue: Being a Black Cop in an America Under Siege,’ there is a broader agenda behind the ‘Defund the Police’ movement.’

    ‘I believe it’s an agenda to completely destroy and dismantle local police departments so that the government can have control of law enforcement in this country and push a nationwide agenda,” Tatum told Jan Jekielek, host of EpochTV’s “American Thought Leaders” program.’

    ‘Tatum explained that if law enforcement is federalized and there are unconstitutional mandates or restrictions, such as those involving vaccines or guns, the federal government will be able to enforce those directives more easily.’

    “I believe that the government has a lot more leverage federalizing these agencies, and that’s the end goal,” he added. “I don’t believe it has anything to do with racism, police brutality … That is a talking point to push an even bigger agenda.”

    ‘According to the National Fraternal Order of Police, murder rates over the past year have skyrocketed in cities where police departments have been defunded. As of May 25, the murder rates in New York City and Chicago year on year were up 22 percent, in Los Angeles 27 percent, in Washington D.C. 35 percent, in Philadelphia 40 percent, in Minneapolis 56 percent, and in Portland a staggering 800 percent.’

    ‘Having a strong father growing up, Tatum knows how important fathers are to children, especially in black communities. “You need a dad,” he said. “I don’t care what nobody says, I don’t care what any psychologists want to put out there and make up a myth on—you need your father. And the reason why I’m here today is because I had a strong Father.”

    ‘Tatum said Black Lives Matter—a quasi-Marxist organization that has become a household name, is endorsed by major corporations, and has raised millions of dollars—has done nothing to uplift the black community, because that is not truly its goal.’

    “But to the unsuspecting person that seems very bizarre that the founding of Black Lives Matter is to do the very thing that has damaged the black community the most. And that’s to believe in the absence of the father, they want to destroy the nuclear family.”

    https://www.theepochtimes.com/mkt_morningbrief/the-defund-the-police-movement-has-a-broader-agenda-and-its-not-to-stop-the-killing-of-black-people-brandon-tatum_3864676.html

    1. I was thinking about that woman the other day saying “I’m not surrounded by white people.” This is what it’s come to. An openly flaming racist, complaining about racism. WTF?

      1. I’ve always had great respect for Asians who thrive in America and excel academically because of their intelligence and work ethic. It seems like every “woke” celebrity has some derogatory video floating around where they mock Asians, because of collectivists’ intrinsic hostility toward anyone who gets ahead through merit instead of being being designated as a member of a victim class and elevated based off an inferior set of criteria for “success.”

    2. We aren’t supposed to point out the problems caused by a preponderance of single-parent households. That’s racis’ and sexist…

        1. (a snip from the book)

          “Read through the megazillion words on class, income mobility, and poverty in the recent New York Times series ‘Class Matters’ and you still won’t grasp two of the most basic truths on the subject: 1. entrenched, multigenerational poverty is largely black; and 2. it is intricately intertwined with the collapse of the nuclear family in the inner city.

          “By now, these facts shouldn’t be hard to grasp. Almost 70 percent of black children are born to single mothers. Those mothers are far more likely than married mothers to be poor, even after a post-welfare-reform decline in child poverty. They are also more likely to pass that poverty on to their children. Sophisticates often try to dodge the implications of this bleak reality by shrugging that single motherhood is an inescapable fact of modern life, affecting everyone from the bobo Murphy Browns to the ghetto ‘baby mamas.’ Not so; it is a largely low-income—and disproportionately black—phenomenon. The vast majority of higher-income women wait to have their children until they are married. The truth is that we are now a two-family nation, separate and unequal—one thriving and intact, and the other struggling, broken, and far too often African-American.”

          1. This certainly doesn’t square up with the BLM finding that the problem is due to racist policing…

        3. “Here’s an old article worth reading…”

          That really was worth reading. Thanks for that!

    3. ‘Tatum said Black Lives Matter—a quasi-Marxist organization that has become a household name, is endorsed by major corporations, and has raised millions of dollars—has done nothing to uplift the black community, because that is not truly its goal.’

      Follow the money, and it always leads back to the globalist oligarch sponsors and puppet masters of these communist insurrectionist and radical-left groups. It’s uncanny how events are proceeding along the same lines as they did in Russia in the run-up to the 1917 October Revolution that installed the Bolsheviks in power and unleashed the Red Terror against their enemies – the best elements of the Russian population. That “Russian” revolution was funded 100% by the New York banking houses of Schiff and Loeb, who were repaid generously in gold once the Communists had consolidated power and were well along on their extermination of Russian nationalists and kulaks.

    4. Godfather of Color Revolutions: Is George Soros the Most Dangerous Man Alive?

      https://ammo.com/articles/george-soros

      Of course you’ve heard the name “George Soros,” often invoked as a sort of folk demon on the American and international right, it’s likely that you have some vague notion of why you think he’s a bad guy, or maybe you think the whole thing is a bunch of hype.

      However, if you’re a freedom lover, there’s nothing “hype” about the influence that George Soros has around the world attacking your freedom. Indeed, you probably vastly underestimate the influence that he has on politics.

    5. This is some great color-blind insight, which certainly applies to me:

      “I don’t care what nobody says, I don’t care what any psychologists want to put out there and make up a myth on—you need your father. And the reason why I’m here today is because I had a strong Father.”

      Happy Father’s Day!

      1. Too many men in America haven’t stepped up and assumed their responsibilities as fathers and husbands.

        1. I consistently hear the news media NOT refer to the father in stories of children. They are giving the men a free pass “Village” to take on the role.

      2. Don’t forget the removal of male teachers from the schools. There used to be more men in the school systems to act as surrogate fathers. Over the decades, career male teachers were replaced by young, weak, and young women who were seen as “nurturing” (and who also accepted lower pay because they were either young or had landed high-pay husbands). The only male teachers left are in high-school level math and science, and of course the bad kids either take the lower-level classes or drop out first. These kids have NO men to help raise them at all.

    6. Globalists rape kids.

      That is who globalists are, and that is what they do. And when you vote for and elect globalists, you are voting for raping kids.

      Aspen, Hamptons, Epstein Island, and every casting couch in Hollywood, it’s a globalist rape party.

      These people have names, and they have addresses. Be like the weaponized autism of 4chan, do your homework, and go do something about it 🙂

  3. ‘There were really no tourists to speak of. And in the business areas, it was a ghost town’

    I said over a year ago these people were commies purposefully trying to destroy these economies with lock downs. Everyday, more evidence emerges that this was all planned and coordinated. It’s clear now these people committed mass murder in the process. Oh but we can’t whisper such things can we? Mass murder is so last century.

    No it isn’t. They are on yer TV daily. The question is, why haven’t they been strung up? And if those who should be doing the stringing won’t, aren’t they accomplices? Just how many newspaper offices have to get raided before it’s a huge problem?

    1. The question is, why haven’t they been strung up? And if those who should be doing the stringing won’t, aren’t they accomplices?

      Contrast the FBI and DoJ’s zeal in going after the January 6th “insurrectionists” (most of whom were guilty of little more than taking an unguided tour of the Capitol Building) while treating violent Antifa and BLM rioters, looters, and arsonists with kid gloves, and turning a blind eye to Wall Street fraud and criminality. Obama campaign bundler Jon Corzine could illegally “rehypothecate” $1.6 billion from MF Global account holders with zero consequences for our corrupt DoJ, while the FBI is literally kicking down the doors of innocent Trump supporters in their hunt for Comrade Pelosi’s missing laptop. That gives you an idea of the kind of “justice” we can expect from the Biden regime.

          1. Probably nothing. It was used for presentations, evidently, so it wouldn’t have had any sensitive files. Stealing it was theft and needs to be dealt with accordingly, but it’s telling how much effort the FBI is putting into retrieving it and nailing anyone involved in its “liberation,” while turning a blind eye to far more serious felonies committed daily in the corridors of power and on Wall Street.

          2. It was used for presentations, evidently, so it wouldn’t have had any sensitive files.

            Given how brazen and untouchable she and her ilk think they are, she’d put sensitive files on the same laptop as presentations.

          3. “It was used for presentations, evidently, so it wouldn’t have had any sensitive files.”

            Kind of like how Hillary’s bathroom server was only used for wedding planning and yoga emails?

      2. This relentless witch hunt for 1/6 protestors is one of the most evil things I’ve ever seen in my life. Hell were people hunted down like this during the McCarthy period? At the very least those people were subversive Communists and I would have wanted them to justify their allegiance to an evil dictatorship.

        1. RR,

          For God Sakes all the information coming in , in any kind of sane world ,should stop these vaccines immediately. But somehow you just know the corrupt FDA is going to approve this nightmare.

          Now is the time for Doctors and nurses on a massive level to just rebel . All of you, just walk out or refuse to comply . I know having a job is important, but its not more important than stopping this madness . The Medical Industry must rebel against their masters. What’s the point of having a job if the world is lost to this type of insanity. Like in the movie Network, say,

          “I’m mad as hell and I’m not going to take it anymore.” I’m not going to be a hit man for psychopaths.”

          1. Ha! I just watched Network for the first time. I’m as mad as HELL and I’m not going to take it anymore!

          2. “watched Network for the first time”
            😁
            If you’re in the mood for more, watch “Utopia”, UK version, not the Amazon Prime one. I didn’t even make it through the first episode of that one.

            Very spoilery, but I don’t think it would ruin it for you, some bad language.
            Utopia | Series 1 in 3 Minutes | Channel 4 ∙ Jun 6, 2014
            https://www.youtube.com/watch?v=nz22hgHCCZM

            I’m still trapped in the house due to heat. Appropriately, I have “The Towering Inferno” on just for company. Fred Astaire just paid 95¢ for a cab ride and beat the driver for the tip. Oops, there’s OJ.

          1. Immunity from legal liability can be negated. When I say “[t]he FDA knew,” I’m looking at it as evidence of scienter.

            I watched another clip that I won’t post, but Weinstein and Kirsch are both libtards. Kirsch sent his information to a member of Biden’s cabinet as well as his congresswoman. The recipients, unsurprisingly, sat on it and gaslighted him.

  4. It is difficult for politicians to agree to end policies from which they realize a massive personal benefit.

    “A far-reaching report on how to improve housing supply in B.C.’s large urban areas includes a recommendation to get rid of the province’s homeowner grant, as well as a proposal to examine whether to end the countrywide capital-gains exemption on principal residences. Within hours, however, the report’s most contentious recommendations were rejected by the two governments that had paid for it.
    …
    ‘There shouldn’t be a penalty to those fortunate enough to already be in the housing market.'”

  5. “Xi’s reform agenda is fundamentally identical to the neo-liberal ‘structural adjustment’ measures associated with the IMF and World Bank.”

    “structural adjustment”

    Structural Adjustment Definition
    https://www.investopedia.com/terms/s/structural-adjustment.asp

    “A structural adjustment is a set of economic reforms that a country must adhere to in order to secure a loan from the International Monetary Fund and/or the World Bank. Structural adjustments are often a set of economic policies, including reducing government spending, opening to free trade, and so on.”

    (snip)

    “Critics also portray conditional loans as a tool of neocolonialism. According to this argument, rich countries offer bailouts to poor ones—their former colonies, in many cases—in exchange for reforms that open the poor countries up to exploitative investment by multinational corporations. Since these firms’ shareholders live in rich countries, the colonial dynamics are perpetuated, albeit with nominal national sovereignty for the former colonies.”

    Book: “Confessions of an Economic Hit Man”

    “The book provides Perkins’ account of his career with engineering consulting firm Chas. T. Main in Boston. According to Perkins, his job at the firm was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects. Ensuring that these projects were contracted to U.S. companies, such loans provided political influence for the US and access to natural resources for American companies,[1]:15, 239 thus primarily helping rich families and local elites, rather than the poor. According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but “threats or bribes always convinced [him] to stop.”

    Confessions of an Economic Hit Man – Wikipedia
    https://en.m.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man

    1. Cryptocurrency
      Bitcoin has 3 flaws — and that could set the stage for other alternatives, says Cornell economist
      Published Thu, Jun 17 2021 7:29 PM EDT
      Updated Thu, Jun 17 2021 11:23 PM EDT
      Weizhen Tan

      Key Points
      — Bitcoin isn’t as anonymous as people think it is, according to Eswar Prasad, a professor at Cornell University.
      — Other issues include the fact that bitcoin mining is extremely bad for the environment, and it doesn’t work well as a currency, he said.
      — That’s spurred other cryptocurrencies to come up with solutions to address some of the flaws of bitcoin, he told CNBC on Thursday.

      https://www.cnbc.com/2021/06/18/bitcoin-btc-flaws-set-stage-for-alternative-professor.html

  7. It appears the frenzy is beginning to subside in my burg. For the past year or so homes in my hood would go pending within a couple of days. Hell in a couple of hours some times. This past week 3 houses have gone for sale and only 1 is pending. The other two are still active. It seems weird to think that a week on the market is a sign of cooling off, but you gotta start somewhere.

    Or maybe everyone is off celebrating Juneteteen Day, lol.

      2. It’s hard to argue that the pandemic, and the Fed’s Unlimited Quantitative Easing policy response, didn’t introduce a new paradigm!

        1. Our Encinitas property sale last September was probably in the “Greed” or “Delusion” stages. Not bad. If we find something good in the “Capitulation” stage, I’ll be happy.

      4. With the central bank’s interference, the bubbles are no longer following those same patterns.

    2. Yes. I’m seeing the same. Having done the last bubble and being a poster here 15 years ago, the last couple weeks indeed feel like that certain point in ‘06 where I lived where everything paused before the plunge (took a while for the plunge to play out). Last week especially with listings piling up with hardly any going pending. It certainly feels like that “uh-oh” moment.

      2. “Last week especially with listings piling up with hardly any going pending.”

        Has the concavity flipped?

    3. “celebrating Juneteteen Day”

      When Arabs and Africans operating within the continent of Africa sold Africans to other Africans who sold them to other Africans, but let’s not let that get in the way of the #Narrative.

      Globalism = Exterminate Whitey. You’re not fooling us any more.

      Which is sad, because I think most of us can get along well enough to live together, as long as we all agree on exterminating the globalists first.

      Exterminate. Turnabout is fair play. I read all three volumes and all 4,000 pages of the Gulag Archipelago (unedited), and learned the only solution to this globalist problem.

      The rules that apply to the rest of us do not apply to globalists.

  8. ‘November 2015: The bursting of China’s massive investment bubble and the sharp drop in internal demand, threaten to enormously complicate and even derail the radical reform programme or ‘economic transition’ that Xi Jinping and his government is committed to. This has been likened to performing a ‘heart transplant’ on China’s economy. Xi’s reform agenda is fundamentally identical to the neo-liberal ‘structural adjustment’ measures associated with the IMF and World Bank. These institutions have also been closely involved as advisors to the Chinese regime over economic policy.’

    This is a pretty good article. Lots of info the MSM will never recall. You’ll see there have been a bunch of manias in China recently. And the dictatorship pushed most of them.

    So why? Why are the globalist countries creating housing bubbles now? IMO, because they got nothing else. This bizarre communist/capitalist thing China does has failed it’s people. (Read about all the crap they go through over there.) And globalism has failed. Why else would people be expecting their shacks to be their retirement instead of a life’s savings or investment?

    And housing bubbles are doomed to fail too. I think they know it – the central bankers, etc. It could be CBs are setting that up on purpose too. What was the first thing these dogs started saying in unison after the bio-weapon was released? We’re never going back to normal. Great reset. Just who the feck elected you to street sweeper central banker? Now we get this creepy “we’ll all rent and like it” push from the globalist hacks. Sometimes you have to realize people can really be evil. They actually do dream of killing off a big chunk of people and destroying freedom. There’s no question they are doing everything they can to destroy private property rights.

    That’s only the basis for western civilization over the past several hundred years.

    1. That’s only the basis for western civilization over the past several hundred years.

      The globalists and their minions, especially the Cultural Marxists in academia and their mindless Red Guard SJWs, are going all-out to destroy and denigrate all remaining vestiges of western civilization. Forward!

    2. Xi’s reform agenda is fundamentally identical to the neo-liberal ‘structural adjustment’ measures associated with the IMF and World Bank.

      Same puppet masters.

    3. ……”they are doing everything they can to destroy private property rights.”

      And this is exactly what Karl Marx said that had to be destroyed was private property rights, by force.

      Karl Marx was a demon on earth. He was a psychopath who wanted to be taken care of by the State, and nobody to have anything. He was a thief, a bum , and a parasite in his own life. Not surprising that so much evil has come out of Communist Dictorships and millions of people killed , based on the handiwork of this monster Karl Marx.

      The Great Reset talks about populations owning nothing and liking it, as they plan to take all ownership from populations . Karl Marx always said that this taking of ownership had to be done by force.
      These Globalist Monopoly Commie gangsters are the greatest threat to humanity at this point.
      Amazing that the Communist Manifesto by Karl Marx is held out as some doctrine of equity, as people are brainwashed into thinking it would be utopia , when its created millions of deaths.
      Karl Marx was a misanthrope , and Gates/ Schwab/Soros are of that elk also. Its a evil made to sound like its something good by inhuman misanthropes.

  9. ‘It’s unfair to put that bill on the landlords. If we’re going to provide a social service to help out a segment of the population, then we need to agree as a population to split that cost up among all of us’

    You can’t negotiate with communists.

    1. we need to agree as a population to split that cost up among all of us’

      Go f**k yourself. As a taxpayer I shouldn’t be liable for involuntarily underwriting gub’mint overreach, or ensuring landlords who opted to speculate on housing in Bolshevik-malgoverned states are made whole after they’ve been targeted for financial extermination as members of the kulak class.

    2. There was no talk of “we’re all in this together” back when smalltime landlords were making out like moguls on their miniature fiefdoms.

      “Privatize profits, socialize losses”

  10. Xi’s reform agenda is fundamentally identical to the neo-liberal ‘structural adjustment’ measures associated with the IMF and World Bank.

    “Neo-liberal” = Neo-feudalism. A corrupt and venal .1% in the financier oligarchy at the apex, and a vast underclass of lifetime debt serfs as the base, with all the institutions of governance purpose-organized to faciliate the financial strip-mining of the 99% and ruthless suppression of all dissidents and resisters. “You’ll own nothing, and you’ll like it.”

  11. Reflecting the interdependence of the global economy, the US Federal Reserve postponed its long-planned interest rate increase in September 2015. Yellen, the Fed’s chairman, mentioned ‘China’ six times and ‘global’ ten times at her press conference to explain the decision.”

    I don’t recall voting to install the Fed as our de facto leaders, or to allow Yellen the Felon to bilk U.S. savers out of trillions of dollars in interest income to prop up the globalists’ CCP business partners and ideological fellow travelers in Red China.

  12. The GOPe globalist Quislings are just as captured and worthless as their Democrat-Bolshevik counterparts. While some of these “false flag” narratives are nonsensical, IMO, the fact that the DoJ and FBI have become de facto Chekists for the DNC and have turned a blind eye to the really big criminals hasn’t helped their credibility among Les Deplorables.

    GOP Rep. Fitzpatrick: ‘Dismayed’ the Right Is Disrespecting FBI with 1/6 False Flag Theory

    https://www.breitbart.com/politics/2021/06/20/gop-rep-fitzpatrick-dismayed-the-right-is-disrespecting-fbi-with-1-6-false-flag-theory/

    Fitzpatrick said, “I will tell you, being a lifelong FBI agent, I will tell you starting in New York, ending in LA and serving across the globe when I got sworn into Congress in 2017, I’ve been very, very taken back and dismayed at the disrespect that law enforcement is being given across the board, both on the left and the right, quite frankly.

    1. Please keep the discussion of this and related topics going, by posting relevant articles for HBB perusal and discussion.

      The 2020 election was stolen.

      Globalist, you are not an American. You might live in America, but you can not be an American and a globalist at the same time. And we are going to call you out on it.

      The United States is not some kind of “all you can eat” buffet for globalists to loot. America is not your gravy train, and at some point in the near future, you will be identified, located, and dealt with accordingly.

      Eighty million in Flyover, almost all armed, versus a few coastal counties, all deeply enriched with vibrancy, how exactly do you think this is going to play out, globalist sh*tbags?

      1. how exactly do you think this is going to play out

        I think they are expecting the transformed armed forces to protect them.

  13. Had an interesting conversation with a real estate investor with about a 25 mill portfolio in RRE. He invests, rents some out, flips some etc over longer periods. He has sold almost everything in the last 3 months and is selling anything else by the end of the year. He sees price declines coming. Hasn’t been this flat for last 15 years.

    1. You’ve peaked my interest to ask around if the investors in our circle are preparing to go to cash.

      1. Piqued your interest, you meant to say. Mine is piqued for the same reason, as I’m expecting my landlord, who is a pretty savvy guy, to cash out and take profits before Housing Bubble 2.0 reverses.

          1. I am, as usual, worried about the same thing. We are month to month now, but the PM is a very laid back guy; for example, we more often than not get our rent notice late. I worry that the casualness about the lease is more calculated. I’ve had to push for extensions in writing ever since the original lease was up. At the same time I hesitate to bring it up since they raise the rent every time. I’ve discussed it with him, told him my situation (sick for the last year), told him we couldn’t afford any more, etc. Have to decide whether to bring it up again.

  14. Raleigh, NC Housing Prices Crater 16% As Appraisal Fraud Blankets Carolinas

    https://www.movoto.com/nc/27612/market-trends/

    Remember… as a national land broker explained, “There is a globe full of land were fully 95% of it goes undeveloped. Land is essentially worthless dirt. If you paid more than $500 an acre, you got ripped off.”

    1. Ok, so I have a built in bias against Communism, just based on how I was raised in US. I was raised on the Commies wanted to nuke us (Russia) and the only good Commie was a dead Commie.

      But, the Globalist that are using Commie methods to divide and conquer , when they are private Company Monopolies, is a weird twist on Communism. The whole concept of Communism is that the Government owns all private property and means of production to disperse in accordance with some concept of equity.

      The Globalist Monopolies are private parties that want to control the World, to deprive Societies of resources and freedoms for their insane agendas using Communism as a means to usher in their crazy inhuman total control of populations.

      The Globalist Monopolies obviously corrupted Governments and the agencies of Government by bribes or whatever they did. They own the fake news and censorship of free speech is evident.

      When Gates and Schwab talk about eating bugs and having nothing and liking it, it shows you just how anti human these highjacking devils are. And I suppose that the Gates and Schwabs live in the lap of luxury while the bulk of populations live like lab rats .
      First the Globalist Monopolies loot all the wealth. Than they control populations and Governments who have been looted and bribed by them.

      They use to be covert, but now they are in the open with this overt operation to take over the US and other Countries, where their Governments have betrayed their people also. The Medical Tyranny is just a weapon of control that has already reeked its destruction and has killed innocent people . There isn’t any fraud they won’t resort to from what I have seen so far. Fake PCR tests fake Covid cases, fake anything , fake Elections, so these Entities can advance their agendas.
      They are a overt operation now, and it isn’t pretty.

      2. I was raised on the Commies wanted to nuke us (Russia) and the only good Commie was a dead Commie.

        Know the real enemy. Boo Randy gives it to us day after day. Today in this thread: “Follow the money, and it always leads back to the globalist oligarch sponsors and puppet masters of these communist insurrectionist and radical-left groups. It’s uncanny how events are proceeding along the same lines as they did in Russia in the run-up to the 1917 October Revolution that installed the Bolsheviks in power and unleashed the Red Terror against their enemies – the best elements of the Russian population. That “Russian” revolution was funded 100% by the New York banking houses of Schiff and Loeb, who were repaid generously in gold once the Communists had consolidated power and were well along on their extermination of Russian nationalists and kulaks.”

  15. “The Globalist Monopolies are private parties that want to control the World, to deprive Societies of resources and freedoms for their insane agendas using Communism as a means to usher in their crazy inhuman total control of populations.”

    What you have described closely resembles fascism.

    Here …

    “Fascism (/ˈfæʃɪzəm/) is a form of far-right, authoritarian ultranationalism characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and of the economy, which came to prominence in early 20th-century Europe.”

    https://en.m.wikipedia.org/wiki/Fascism

    1. far-right . . . ultranationalism

      I wouldn’t rely on left-leaning Wikipedia for an accurate description.

      1. Wikipedia is “The Great Replacement” in action and well underway. Globalists, how long did you really think you could get away with this until the unwashed rubes in flyover woke up and started talking about it?

        You do realize, that the United States does not need New York City or Los Angeles to function, right? That your cities are essentially an over-evolved useless appendage, one that does not provide fuel or food or other resources?

        And that your death, is really no net loss to the country?

        1776 is coming back. You can’t censor your way out of it. A multi-racial alliance of pro-Constitution and pro-American patriots is going to root out every last globalist, because if you are pro-globalist, you have forfeited the right to live in this country.

  16. For me Communism and Fascism are 2 sides of the same coin. Both are dictorships in which all freedom is taken for the so called cause. in both cases millions get slaughtered. In both cases a utopia is offered that is just pure horse shit.

    1. Communism vs Fascism – Difference and Comparison | Diffen
      https://www.diffen.com/difference/Communism_vs_Fascism

      (some snips)

      IDEAS

      Communism:

      All people are the same and therefore classes make no sense. The government should own all means of production and land and also everything else. People should work for the government and the collective output should be redistributed equally.

      Fascism:

      Union between businesses and the State, with the state telling the business what to do, with nominally private ownership. Corporatism in Italy, National Socialism in Germany. Central planning of National economy. Redistribution of wealth (Nazi).

      POLITICAL SYSTEM

      Communism:

      A communist society is stateless, classless and governed directly by the people. This, however, has never been achieved. In practice, they have been totalitarian in nature, with a central party governing society.

      Fascism:

      One charismatic leader has absolute authority. Often the symbol of the state. Advisers to Government are generally picked by merit rather than election. Cronyism common.

    2. IMO Stalin, Mao, Pol Pot, and Korea’s Kim all declared them themselves to be Communists but their actions leaned toward what one would expect from a Fascist.

      1. I’ve seen: the purpose of communism is socialism; the purpose of socialism is fascism. Science and math were my thing so I don’t know how true it is.

      2. Mr Banker,
        In both cases Commies and Fascist denounced capitalism. But no matter, in both cases it was a dictorship where the collective was peddled as the power, and the individual didn’t matter. Both ideas subjugate individual rights for the collective good under a dictorship.
        I believe that these sort of ideas come about because of some kind of breakdown of Society that occurred that gave rise to these extreme ideological solutions.

    1. I actually heard a couple of MIT Scientist talking about working on detoxing the vaccine already. Talking about ways to undue the effects.

      1. Kindly provide a link. I’m highly skeptical. It would require an understanding of these technologies in vivo that I don’t think we have.

        1. a link

          Gut feeling: if it’s not being censored, it’s not over the target. If it’s being censored, I won’t find it using a search function.

          2. You could be right Redpilled- It was a interview done on one Radio Network of Dr. Stephanie Seneff/ Senior Research Scientist at MIT. This channel has about 3 thousand podcasts done going back for about 10 years, on every conceivable subject matter. The vaccine discussions was a recent broadcast.

            I’m all over the place trying to get all I can before more is censored.

          4. Greg Nigh mentions developing a protocol of naturopathic agents that theoretically could work as a prophylactic. The things he mentioned would have to be ingested concurrent to or shortly after the jab. Once that mRNA or DNA enters the cells and starts making proteins, and I don’t know what that time frame is, there are too many pathways you’d have to neutralize.

          5. And speaking from experience with autism, vaccine detoxing is a rabbit hole.
            My daughter (mild Aspergers, lately we’ve been discussing possible NVLD, Nonverbal Learning Disorder) is the only one in her office that hasn’t been vaccinated. She still gets that Greta look on her face when I bring it up. I worry that she’ll do it and not tell me.

          6. I worry that she’ll do it and not tell me.

            I don’t envy your position. It sounds like she’s at least 18 years old. Without a formal diagnosis and some guardianship/conservatorship, I’m not sure how you can legally stop her. BlueSkye might have some suggestions or advice when he surfaces again.

  18. Looks like the blow-off top phase is almost in on the UK housing bubble.

    U.K. Housing Market Slows, Propped Up by People Leaving London

    https://www.bloomberg.com/news/articles/2021-06-20/u-k-housing-market-slows-propped-up-by-people-leaving-london?srnd=premium-middle-east&sref=ibr3A0ff

    U.K. house price growth slowed in June as record prices and a lack of properties to purchase drained momentum from the market, Rightmove said.

    The nation’s largest online property portal said prices grew 0.8% this month after a 1.8% gain the month before, putting the average cost of a home at 336,073 pounds ($464,000). The increase is still the largest at this time of year since 2015, boosted people seeking to leave London.

  19. RR,
    In fact a couple of Dr interviews you posted were on that show One Radio Network recently, you will see them listed under the shows listed under archives. Tons and tons of doctors talking about autism from vaccines .I have listened to many on autism on that show. I remember one guy saying drink fiji water to remove aluminium.

    1. I remember one guy saying drink fiji water to remove aluminium.

      I had not seen that one. But yes, aluminum adjuvants in vaccines are a concern.

    1. The Financial Times
      Markets Briefing Asia-Pacific equities
      Global stock sell-off deepens as reflation trade unravels
      Asia-Pacific shares fall after more hawkish stance from US Federal Reserve
      Chinese shares slipped on Monday after US Fed chair Jay Powell last week signalled the central bank might raise rates to tame inflation sooner than investors had previously thought
      Hudson Lockett in Hong Kong
      52 minutes ago

      Global shares sank as a sell-off ignited by a hawkish shift in the US central bank’s stance on inflation deepened in Asia on Monday.

      Japan’s Topix index dropped 2.6 per cent in early trading in the region while Australia’s S&P/ASX 200 shed 1.9 per cent. Hong Kong’s Hang Seng index and South Korea’s Kospi both fell 1.1 per cent. China’s CSI 300 of Shanghai- and Shenzhen-listed shares slipped 0.2 per cent.

      Those falls followed the worst week for Wall Street’s S&P 500 stock benchmark in almost four months. The sell-off was prompted by comments from Federal Reserve chair Jay Powell on Wednesday that signalled the central bank could raise rates to tame inflation sooner than investors had previously thought, rather than maintain supportive policy indefinitely.
      …

    2. The Financial Times
      Charts that Matter Commodities
      Timber prices fall as US consumers swap DIY for going out
      Easing of Covid restrictions leads to downturn of more than 40% from early May peak
      Harry Dempsey yesterday
      Line chart of CME one-month futures contract ($ per thousand board feet) showing Lumber prices plummet as pandemic home improvement boom ends

      As US consumers venture out again, lumber prices are heading back to earth.

      Prices for the wood have pulled back sharply from astronomical heights in recent weeks as homeowners have redirected their spending from building decks and replacing flooring to going out to eat, drink and shop after Covid-19 rules were eased in the US.

      Lumber prices have plummeted 48 per cent to $875 per thousand board feet from a peak of $1,686 in early May, reflecting a sharper than expected pullback in renovation projects.
      …

  22. Redpilled,

    It was toward the end of the interview that they went into possible remedies for these vaccine.

    The thing I like about this show is the host will interview all kinds of people , and he even puts wackos on from time to time. You can view shows by subject matter also. He puts money people on , lawyers etc . This podcast has been around for a long time , but I think I heard the host say he had a bunch of stuff he put on U-tube was censored.

  23. Redpilled
    I see that you listened to the podcast based on your post above. I hope that there can be a expansion on remedies as long as people keep working on the potential problems .

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