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How Many People Have Gone To Jail As A Result Of The Panama Papers?

A report from the Globe and Mail in Canada. “Rohana Rezel is on a mission to shine light on Vancouver’s hidden real-estate market. Mr. Rezel, a senior software architect, is also one of a small group of citizen researchers who’ve taken on the task of unearthing the numbers and names behind the city’s housing affordability crisis. His personal mission has unearthed realtors who own 20 or 30 properties, as well as other people who have flipped properties in the past year and made substantial profits.”

“British Columbia’s Land Owner Transparency Act requires that every person who has an interest in a corporation, trust or partnership with real-estate holdings must file a transparency report. The registry is one of several measures taken by the provincial government to address hidden property ownership linked to money laundering. A 2016 report by Transparency International showed that half of Vancouver’s top 100 most expensive homes were purchased by shell companies, or other forms of ownership that hid the owners’ identities.”

“But Mr. Rezel says he has become increasingly frustrated with the registry’s lack of true transparency – as well as the fact that people have to pay for it. He’s called the registry a ‘pressure relief valve’ that only gives the illusion of transparency to appease angry residents. ‘There will be riots if people see just how much of the wealth – and land – is concentrated in the hands of a privileged few,’ he recently tweeted. ‘So [the registry] hides that information.'”

“‘There is an information asymmetry,’ he says. ‘Realtors have access to a ton of information that they deliberately try to keep people away from. Even sold prices; until recently you couldn’t see them. The realtors fought tooth and nail to keep that information secret. I’m lucky I’ve got access to a lot of that information, and that’s part of the reason that the real-estate industry hates me. They’ve tried to shut me down, and they threatened me with lawsuits, a few years ago. Even today, a realtor was asking me why I was sharing this new information. But the name of it is the ‘Transparency Registry.’ If the purpose isn’t transparency, I’m not sure what it is.'”

“Real-estate lawyer Ron Usher represents the Society of Notaries Public of B.C. as part of the Cullen Commission inquiry into money laundering. He says citizen researchers play a valuable role, but it shouldn’t be lost that access to information doesn’t always paint a complete picture. It is very complicated to figure out who really holds control over a property, he says, and even then, there’s no guarantee there’ll be accountability.”

“‘How many people have gone to jail as a result of the Panama Papers? How’s that working so far?’ he asks, referring to the nearly five-year-old leak of millions of documents that revealed tax evasion through shell companies by the rich and powerful.”

“Enforcement is another matter, he says. ‘It’s laughable to suggest the bad guys are going to comply anyway. My personal frustration, and what I found out from the Cullen Commission, is we have not got the adequate resources to investigate crimes that we know about – let alone crimes found looking at possible clues.'”

The Epoch Times. “In Canada, transnational criminals are exploiting government casinos to import deadly narcotics into Canada. And they’re laundering billions of dollars into real estate in Vancouver, the most expensive housing market in all of North America. Behind all this crime are hidden links to China’s Communist Party. This is detailed in a new book by investigative journalist Sam Cooper, titled ‘Wilful Blindness: How a Criminal Network of Narcos, Tycoons and CCP Agents Infiltrated the West.’ It is the result of ten years of research and reporting.”

“Jan Jekielek: Sam Cooper, such a pleasure to have you on American Thought Leaders. ‘I knew for years that high-level Western intelligence reports alleged there was this unbelievable connection between state actors in China from the party, some of the most powerful people in the world, and how they interrelate with crime bosses. Especially for people born in a country such as Canada, it’s hard to believe. This is intelligence reporting that gets leaked in Canada, and still many people can’t believe it.'”

“‘But my journey of discovery was really getting into this story through strange real estate happenings in Vancouver. Drug trafficking organizations around the world have a problem. It’s not really a problem for them to make money. It’s a problem to move money. So when they sell fentanyl,cocaine, methamphetamines, or ecstasy on the street, they get $20 bills. They’re often soiled. We know that because of deaths in cities like Vancouver from fentanyl heroin overdoses. But they create a huge volume, literally warehouses of $20 bills. They’re useless for the drug trafficking organizations unless they can get the volume down.'”

“‘The VIP gamblers go to the casino cash cage. They get their chips, which have values of up to $5,000. They gamble and they can receive, if they win and if they’re lucky, they can get a casino check. The money laundering can flow from that. You can see how quickly you can get a down payment if you have a check for $500,000 to buy a home. Or, simply, the $20 bills are exchanged for clean $100 bills wrapped to Canadian banking standards.'”

“‘I’m not the only reporter that was onto this story. But when I jumped onto it, there was such a level of proof that I obtained through leaked confidential documents that showed this is the scandal here. BC’s government knew these transactions were occurring. They knew the loan sharks were drug traffickers. They knew of all the crime connected—the human trafficking, the prostitution, murders, extortion, and they didn’t stop it. That’s the scandal.'”

An opinion piece by Vaughn Palmer. “Michael Lee, the B.C. Liberal MLA and leadership candidate, launched a personal attack on Attorney-General David Eby this week, accusing him of contributing to anti-Asian racism in B.C. ‘The attorney general, during his years as Opposition housing critic, directly and indirectly contributed to encouraging anti-Asian sentiment in our province,’ charged Lee, citing Eby’s actions during the housing crisis under the last B.C. Liberal government.”

“‘B.C. was grappling with a hot housing market and there was a complex set of circumstances that was driving it,’ said the Liberal MLA. ‘However, to score cheap political points, the NDP decided to fearmonger using foreign buyers as a scapegoat for all that ailed the housing market.'”

“Lee singled out Eby’s supporting role in a 2015 survey that found people with non-anglicized Chinese first names were responsible for 66 per cent of the housing purchases in three neighbourhoods on the west side of Vancouver. Eby later apologized for providing the documentation for the survey.”

“Lee: ‘When money laundering first started gaining media attention in B.C., the NDP wasted no time in tying it to the same foreign influence, and quickly, largely because of the purposeful narrative spun by the attorney general, Chinese money became synonymous with crime in our province and served to further fuel racist narratives about B.C.’s housing market.'”

“‘The NDP capitalized on an ugly sentiment that, unfortunately, was still held by some in B.C., and the NDP did so for their own political gain. They made it socially acceptable to complain about a group of people simply because of their country of origin. Using this kind of racially charged language, especially as elected representatives, is reckless and has real-world impacts that are playing out in front of us in the worst possible way.'”

“Richmond MLA Teresa Wat: ‘When I first learned about the past actions of the member (Eby), I was absolutely shocked and heartbroken because the member was so fixated on achieving a personal political objective, so determined to weave this dark narrative about our housing market being destroyed by dirty, foreign, Asian money.'”

“‘I absolutely accept responsibility for failing to adequately understand how the study would be used, reported on in the media and have apologized for that,’ Eby explained. ‘I thought, mistakenly, that the study was interesting and that it dispelled a number of myths around how people were purchasing homes. There were a lot of rumours at the time. But obviously, my naiveté about believing that I could influence the perspective of the media led me to insufficiently, I think, set the context for it.'”

“Eby did not name the news organizations whose coverage of the Yan report disappointed him, perhaps not wanting to invite a push back from that quarter. But having covered Eby through his eight years and counting in provincial politics, ‘naive’ is the last word I would use to describe his calculating, self-serving relationship with the news media.”

From CTV News. “Let’s start with the part you already know: real estate has gone completely bonkers. In many parts of Canada, this spring has brought unprecedented levels of appreciation for those who already own homes, along with unprecedented levels of unaffordability for those who hope to one day join that class. There has been a slight pullback from those eye-popping numbers, but the trend is still clear in communities from the Maritimes to oil country to Sudbury, Ont. – homes aren’t just more valuable than ever, they’re gaining in value in a way they never have before.”

“Nathanael Lauster, a sociology professor at the University of British Columbia who studies issues related to housing, describes it as a ‘perfect storm’ brought on by the combination of low interest rates and the COVID-19 pandemic, allowing would-be homebuyers to save more money than usual. ‘We’re seeing a lot of similar issues, all across the country … really boosting real estate prices,’ he told CTVNews.”

“One of the more publicized attempts to increase housing supply without building new housing occurred in 2016, when B.C. implemented a so-called foreign buyers tax, which requires non-residents to pay more to purchase or hold onto residential real estate in certain parts of the province. In Lauster’s view, whatever effect the foreign buyers’ tax had on housing prices is secondary to the effect it had on anti-foreigner sentiment in general and anti-Chinese sentiment specifically.”

“‘It was really attached to this narrative that it was all about people from China buying up all the properties,’ he said. ‘It’s a very easy target to demonize, because effectively they’re not voting, but there are really not that many [foreign buyers] to begin with.'”

This Post Has 179 Comments
  1. This is what I would usually put in a weekend topic, but when I saw the Globe and Mail article yesterday, I decided to set a post aside for it.

    ‘having covered Eby through his eight years and counting in provincial politics, ‘naive’ is the last word I would use to describe his calculating, self-serving relationship with the news media’

    This piece of sh$t is a puddle watcher:

    https://twitter.com/VaughnPalmer?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

    ‘Vancouver Sun’s provincial affairs political columnist, based in Victoria.’

    The REIC is a foul, nasty thing. Yes, they viciously attack anyone who calls out their ties to drug dealing, overdoses, criminal governments, you name it. And they find support in all sort of crap “institutions”:

    ‘Nathanael Lauster, a sociology professor at the University of British Columbia who studies issues related to housing: ‘It was really attached to this narrative that it was all about people from China buying up all the properties…It’s a very easy target to demonize, because effectively they’re not voting, but there are really not that many [foreign buyers] to begin with’

    1. I’m going to bring up some issues cuz the REIC media won’t. Years ago this “Chinese investor” thing came up not just in Canada but in Australia too. Both had “strong anti-money laundering laws”! the REIC shouted. When someone actually asked, how many people have been prosecuted for money laundering, the answer would be something like, “well no one, but the laws are strong!”

      Cutting through the horse sh$t, when polling is done in Canada, the vast majority of people know this is a fact and support cracking down on it. Still you have media like the Vancouver Sun trot out this mental midget with his false outrage about racism, blah yadda. We aren’t dealing with some shoe salesman getting off a plane. How many people are dying every day from these drugs. Drugs much stronger than anything we’ve ever experienced. People who traffic in these drugs know full well users will die left and right and they don’t care. So how much fake virtue signaling should we put up with in these matters? We gotta call this out.

      1. “People who traffic in these drugs know full well users will die left and right and they don’t care.”

        Being a banker I find this statement a bit disturbing in that the efficient parasite does not kill the host. To not care if you are killing off your customer base demonstrates a faulty business plan.

        IMO one can never have too many customers.

      2. “Drugs much stronger than anything we’ve ever experienced.”

        Isn’t today’s mary jane something like 5-10x stronger than what they smoked at Woodstock? And IIRC, crack rocks are stronger than the coke that Tony Montana snorted. Not to mention the fent in today’s H.

        1. Isn’t today’s mary jane something like 5-10x stronger than what they smoked at Woodstock?

          I was never heavily into it, but back in my late teens/early 20s I’d partake in smoking pot with friends at parties and such. I was always a lightweight to begin with, but one time in my early 30s a cousin brought some along with him on a camping trip. I made a poor decision to take a puff. It was so powerful it was not enjoyable at all, almost scary. I never touched the stuff again.

    2. This is a fascinating thread.

      The only problem is, that it is illegal for rich people to lose money or go to jail. Laws are for the “little people.”

      1. “The only problem is, that it is illegal for rich people to lose money or go to jail. Laws are for the ‘little people.'”

        I am grateful for your support.

      2. And every single “program” advertised to help the little guy is actually designed to prevent the wealthy from losing money on their bad bets. The FED is destroying the country to try to prevent asset price deflation so the rich don’t lose.

        1. “And every single ‘program’ advertised to help the little guy is actually designed to prevent the wealthy from losing money on their bad bets.”

          Pure poetry.

          It’s time to get biblical:

          “For to every one who has will more be given, and he will have abundance; but from him who has not, even what he has will be taken away.” — Matthew 25:29, RSV.

      3. “Laws are spider webs through which the big flies pass and the little ones get caught.” — various attributions

    3. “Even sold prices; until recently you couldn’t see them. The realtors fought tooth and nail to keep that information secret.”

      They don’t want buyers to know whether a house was cheap-flipped. I’ve seen houses that were bought for $275K, were given the MMG* treatment, and went pending for a half-mil. Eff ’em

      *minimalist millenial gray

      1. What I’ve always found fascinating and frustrating is that the Census and the Fed rely on the NAR for their data. The NAR’s mission is advancing the interests of realtors, and that’s it. It collects data to support that, but it’s not a neutral data-collection organization. It’s job is to selectively suppress or release data which will not advance its mission. Relying on NAR for data is like relying on students taking exams to proctor themselves – conflicting interests.

      2. Montana is non disclosure and it pisses me off. Our GOP pols are the worst and most are Realtors or FAs.

  2. ‘Michael Lee, the B.C. Liberal MLA and leadership candidate, launched a personal attack on Attorney-General David Eby this week, accusing him of contributing to anti-Asian racism in B.C’

    These “Liberals” were responsible for this whole set up. Last decade, they ran a REIC political machine built around money-laundering. Then got chased out of power pretty much on opposition to this machine.

    It’s disappointing to see Eby get cowed by these posers. I guess it’s the Canadian wishy washy about standing up to political correctness. But look at where we are: CCP drug trafficking is seen as the victim? Fook those people.

    1. “But look at where we are: CCP drug trafficking is seen as the victim?”

      Relax, Ben. They are just using what works.

  3. ‘How many people have gone to jail as a result of the Panama Papers? How’s that working so far?’ he asks, referring to the nearly five-year-old leak of millions of documents that revealed tax evasion through shell companies by the rich and powerful’

    Good question: and it shows how dishonest the entire system is. Recall that when the PP came out (it was a low level leak, not a guberment investigation BTW), we soon found out these shell LLCs, etc, were way more prevalent than ever. States had jumped on the bandwagon: Nevada, South Dakota. Churning these things out cuz Obammie said GO! Again why? Because the globalist economy sux. It’s failed. And all they can do is prop it up with “wealth effect” crap while we all know regular people haven’t seen incomes rise for decades.

    1. On a related topic, note that Glenn Greenwald has been thrown under the bus by the Real Journalists.

      Nobody cares about the Panama Papers, there’s no Orange Man Bad angle on that story.

      1. The corrupt media put on a good show of “caring” when it came out. Crocodile tears for the poor shack buyers! Oh the huge manatee! So who is it that started to call people “elite”? The media. Who stands in lines 10 deep to fawn over Davos clusterfarks? Media.

        Who went to jail when the FBI burned people to death in Waco? When they used illegal wiretaps to spy on an ongoing presidential campaign? It serves to expose the vast corruption of our system when monstrous crimes are committed, reported on, and still nothing. They want us to forget because they don’t “report” it. But that’s not how the world works. We know what China’s dictators have done and continue to do. And now day by day it emerges that our own government, social media and google had a hand in the CCP virus and disastrous lock downs. And they know that we know.

        1. Woke Ideology Mimics Precursors to Totalitarian Slaughter, Experts Say

          ‘A recently released documentary exploring the topic, called “Better Left Unsaid,” concludes that the self-identified “radical left” endorses four fundamental “truths” that they “hold to be self-evident,” noting that these tenets have also been used to justify and incite many of the worst massacres of the 20th century.’

          ‘The first of the four claims is that “the world is best viewed through a group oppression narrative lens.”

          ‘The “woke” ideology is based on a set of quasi-Marxist theories that divide society into “oppressors” and the “oppressed” based on characteristics such as race, sex, class, or sexual proclivities. “Woke” is sometimes used interchangeably with Critical Race Theory (CRT), which is one of the more prominent ideologies that operate within this framework.’

          ‘Proponents of the ideology engage in dialogue between themselves, but with everybody else the communication is supposed to generally flow in one direction—that of acceptance of their views. Any challenge to the ideology is labeled as self-serving or even as an assault on the “oppressed.”

          Finally, the ideology at least implicitly acknowledges that “because of the above, violence is justified to eradicate the inequities,” the documentary says.’

          “From my experience, they (to the degree they can be grouped together enough to call them ‘they’) tend to advocate for violence against those oppressing and equate it to laudatory behavior; hence, ‘punch a Nazi,’” author of the documentary, Curt Jaimungal, told The Epoch Times via email.’

          “I have catalogs of tweets, written statements, and videos of people ranging from students to [professors] explicitly calling for violence and downplaying the violence of those on the left when compared to the right,” he added, not because of intensity or frequency of such violence, but because of the so-called “nobleness of the extreme left’s position.”

          ‘These four tenets, Jaimungal demonstrated in the documentary, are common to many of the most brutal massacres and regimes of the 20th century, from the Soviet Union and Nazi Germany to communist China and the Rwandan genocide.’

          ‘In each case, an entire class of society is painted as unfairly privileged and as such inherently oppressive, with little regard to specific actions of the individual members of the group. Meanwhile, disagreement with or mere disinterest in this classification is taken as support for the perceived oppression. With reconciliation through dialog taken off the table, the only remaining recourse is conflict—a “revolutionary” action where violence is seen as inevitable and, ultimately, preferable.’

          “Too few people know about the ceaseless carnage that took place under the masthead of the isomers of equity,” Jaimungal narrates in the documentary.’

          ‘Janice Fiamengo, retired English professor at the University of Ottawa and self-declared anti-feminist, backed Jaimungal’s argument during the panel discussion. She was also featured in the film. “As soon as one establishes these oppressor groups and oppressed groups, then when you are speaking supposedly on behalf of the oppressed, you can do nearly anything,” she said.’

          ‘Gad Saad, evolutionary psychology professor at Concordia University, put forth the point during the panel that people professing utopian goals have a tendency toward eliminating those who oppose them. “Utopians believe that the world could be a perfect place except for this one group that is stopping the world from becoming a perfect place,” he said.’

          ‘Another panelist, retired New York University professor of liberal studies Michael Rectenwald, linked the woke ideology’s potential to unleash totalitarian force to its postmodern roots. Postmodernism introduced the idea of fundamental relativism, professing that there is no objective truth, but instead the powers that be establish as true whatever is in their interest. He gave the example of the ideology behind the transgender movement sweeping through government institutions.’

          “The force of the state is behind it and they can say that if you don’t accept that your child is a boy or a girl when they are the other then you could go to jail for this … or you could lose custody of your child,” he said. “So when my truth becomes as good or better than any objective truth then we get to this point where the requisite power is applied and therefore we get the kind of authoritarianism and totalitarianism that we saw in the Soviet Union where people were forced to maintain things they knew to be false.”

          ‘If an ideology is accepted as an intimate part of one’s identity, it becomes difficult to let go of as it provides the person’s life meaning, Fiamengo noted. “They would actually rather die than admit that they’re wrong,” she said.’

          https://www.theepochtimes.com/mkt_morningbrief/woke-ideology-mimics-precursors-to-totalitarian-slaughter-experts-say_3865035.html

          1. A lot of great points here. Though I think it understates the role of apathy and compliance. Very few people are required to implement a nightmarish cultural Revolution as long as the great majority of people are paralyzed by apathy. Looking around, I see this as the our biggest danger. Maybe because I live in CA. I don’t see many people around me who would resist a complete Marxist takeover. As long their iPhones kept working and they could eat , I think most people here would accept it without much fuss.

        2. Who went to jail when the FBI

          I heard yesterday that the much publicized kidnapping of Gov Witmer and storm the state Capitol building plot was actually an FBI construct. One of the FBI ringleaders came out in an interview. Naturally, the hapless recruits were indicted and the FBI ringleaders were “not indicted”. Follow-on to Jan 6 and some of the worst actors are “not indicted” while the book is being thrown at people who essentially did nothing. No link, I was listening to a Dinesh podcast while driving.

          Our government is corrupt to the core.

          1. ben
            everyone here agrees w/you and applauds your passion for the truth these many years.

            stay away from grassy knolls & staple guns

    2. “How many people have gone to jail as a result of the Panama Papers?”

      Answer: None.

      “How’s that working so far?”

      Answer: Quite well.

    3. Now the Biden Coup wants to invest like $80 billion in the IRS so they can come knocking on the doors of the little people and break some kneecaps to get their loot.

      1. I think that their target will be UMC people, but not superrich people. Billionaires will be left alone, but kulaks who own car dealerships, fast food franchises, etc. will be targeted.

        No point shaking down the little people: they don’t have any money.

        1. No point shaking down the little people: they don’t have any money.

          You wanna bet? They go after people who don’t even earn $30k per year.

          1. Why would they do that? Spend thousands auditing some low wage schmuck to squeeze a few hundred bucks out of him? At those income levels you don’t itemize, so what is there to audit?

            As Willie Sutton once said, you rob banks because that’s where the money is. They’re going after the Kulaks.

          2. Overall, the % of returns that get audited increases as income goes up. By and large, exam agents more than pay for themselves through the revenue they generate.

            It is one thing to say the IRS is wasting its time to audit someone with less than $30k of income. But if that taxpayer has a $60k loss on their return and nets $30k of income beyond the loss, that is a little different isn’t it?

            Most people getting audited with less than $30k of income are getting EITC audits. A lot of times those audits lead to that taxpayer’s tax preparer getting audited. I had a tax preparer audit a couple of years ago. Something like 95% of the preparer’s returns had EITC on them. The penalty for not properly documenting the taxpayer’s qualification for EITC is $500 per return. The IRS does go after those people.

          3. Its not just itemized deductions, it is pass throughs, business bad debts, passive activities, cooked up sch C/F’s, etc. There’s no shortage of people cheating on their taxes. The IRS hires more programmers than they do accountants. They can extract the outliers with a few keystrokes and send them to exam.

            You know why Pluto isn’t considered a planet anymore? It needed a better lawyer.

          4. Agreed, if you gross 90K and itemize 60K, that is going to be highly suspicious.’

            it could mean your identity is stolen and some crook has filed a fake return . Works well for CA state tax returns not for federal returns. A few years ago my entire company got wiped out this way. Spear fishing attack stupid HR sent all the W2’s to a fake email addressed as the CEO . luckily I filed early that year and missed the fun by about, I’m guessing 8 hours.

      1. I wasn’t interested at $3,000. I wasn’t interested at $64,000. I wasn’t interested at $28,000, and I’m not interested back at $3,000 again. e-tulips are for suckers.

        1. I do not like them In a house.
          I do not like them With a mouse.
          I do not like them Here or there.
          I do not like them Anywhere…

      2. Queen city dweller, are you from Charlotte? If so are you sick of it yet? I hate it here. Bumper to bumper traffic every where you go.

    1. The whole space is a joke. Doggycoin had a market cap almost twice the size of Ford at one point.

        1. Geebs…how did the losses morph from $400 billion to $1.3 trillion literally overnight?

          Is $1.3 trillion alot?

    2. It’s starting to accelerate as HODLers capitulate. Gravity does this when parachutes aren’t available. And collapsing leverage can greatly accelerate the trip to the ground.

      1. A lot of billionaires jumped into Tweetcoin near the top. Couldn’t happen to a nicer bunch.

        1. “A lot of billionaires jumped into Tweetcoin near the top.”

          Whether or not this report is true it still makes for good advertising. The saying is: “Make your fortune by doing what rich people do” (or something like that).

          Reporting that rich people, also labeled as “Smart Money”, are throwing their money at cryptos and watching as the price goes up sends the FOMO message to the vast multidues of ignorant pukes who inhabit this planet.

          A good thing, IMO, if the money that is being used is borrowed from a bank.

          1. Word on the street is that Musky odor bought his company’s e-tulips around $36k give or take. He desperately needs the price to go up from here. They will pull out all the stops. I expect some Tweets forthcoming to try to draw in more suckers.

            The problem is, they’re running out of suckers. Lots of people bought in near the top. As more and more people get burned, they throw in the towel. And many have grown tired and weary and are waiting to just get their money back then get out. “Pent up sellers” are growing in number. The bottom is about to fall out of this PONZI.

          2. As crypto crash wipes out $1.3 trillion, here’s what some pros advise about buying bitcoin, dogecoin, other assets – MarketWatch

            https://www.marketwatch.com/story/as-crypto-crash-wipes-out-1-3-trillion-heres-what-some-pros-advise-about-buying-bitcoin-dogecoin-other-assets-11624378803?mod=home-page

            (snip snip snip snip)

            “What’s an investor to do as crypto enters a new stage in 2021? Free fall ?”

            Bahahahaha … I suggest he HELOC to the max and go all in.

            “Highlighted by declines in everything from dogecoin DOGEUSD, -9.08% to Ether ETHUSD, -1.92%, crypto values are collapsing, if not crashing, wiping out more than $1 trillion in value since a peak for the digital-asset complex in May.”

            ‘Tis but a flesh wound.

            “Here’s what some crypto and investing professionals are advising against that backdrop.

            “Iqbal Gandham vice president of transactions at Ledger said that a pullback in crypto was inevitable, given the run-up.

            “’Any asset class which sees a meteoric rise in the same way as we have seen in crypto is expected to correct,’ he wrote, in emailed remarks.

            “He said that China’s intensified crackdown on crypto, including bans on mining and trading, has only amplified the downside.”

            WAIT FOR IT!

            “That said, he believes that ‘the underlying fundamentals of the crypto-asset world have not changed.'”

            Of this I totally agree: the underlying fundamentals of the crypto-asset world have not changed. Where he and I most likely disagree is the value of this “fundamentals of the crypto-asset world”. I do not know what fundamental values he places on this crypto-asset world but the value I place on it rapidly approaches zero.

            FWIW, and all that.

          3. “… he believes that ‘the underlying fundamentals of the crypto-asset world have not changed.’”

            “… he believes …”

            A logical question to ask following this statement is: “What exactly do you BELIEVE are these unchanged fundamentals of the crypto-asset world that you speak of?”

          4. Musky odor bought his company’s e-tulips around $36k give or take

            LOL, he bought before he announced he would. I’d be surprised if he didn’t sell on the announcement at a profit. Con man.

          5. Here comes another rich guy touting Bitcoin …

            Mark Cuban says bitcoin is ‘better than gold’ | Fox Business
            https://www.foxbusiness.com/markets/mark-cuban-bitcoin-better-than-gold

            (snip snip)

            “Billionaire Mark Cuban rode to bitcoin’s defense for being digital gold while the cryptocurrency’s price plunged to its lowest levels of the year.

            “Bitcoin is ‘better than gold,’ Cuban tweeted on Monday evening. ‘No worries about storing it. Easy to transfer. Easy to trade. Easy to convert. Doesn’t require an intermediary. Can be fractionalized.'”

            Bahahahahaha … also, it doesn’t even exist.

            (snip)

            “The timing of Cuban’s comments is noteworthy, as a recent surge in commodity and home prices, among other things, has many market participants worried about inflation.”

            (snip)

            “Cuban, meanwhile, has been an outspoken proponent of bitcoin and other cryptocurrencies. His NBA team, the Dallas Mavericks, announced in March that it would begin accepting dogecoin for tickets and merchandise.”

            TRANSLATION: He has lots of skin in the game and is using his noteriety to protect this skin.

          6. “They’re running out of suckers.”

            +1.
            1. Nobody is buying the billionaire BS anymore. Tweets are more likely to backfire.
            2. The “wall of money” from institutional pension funds was supposed to sustain the BTC ponzi. But pensions are saying No Thanks to these wild price swings. And these drops are just triggering more and more sell signals.
            3. Retail is still HODLing on to the dream, but they aren’t using leverage so they contribute little to the total market.

            In other words, the space has lost its hype and now has to depend on its merit for price increases. Bitcoin has a little bit of merit, but not $10K/month worth.

          7. “What’s an investor to do as crypto enters a new stage in 2021? Free fall ?”

            BTFD & HODL

      1. Now that the big players are in the game, there have to be mechanisms implemented to prevent them from accumulating losses. The crypto market is going to be too big to fail at some point in the not too distant future. Imagine the day they take your hard earned money to bail out people who have literally invested and speculated in NOTHING.

        More transitory inflation observed today…the big bags of frozen broccoli I buy went from 3.99 to 4.49 in one go. Another week, another increase at the grocery store.

      2. Can’t suck in more Rubes unless you convince them that it’s gonna go back up again.

        It works every time up until the last one, when it doesn’t go back up again.

  4. “Realtors have access to a ton of information that they deliberately try to keep people away from.”

    Hope they’ve got good attorneys.

    1. What they have are good politicians, a good mainstream media, and a planet populated by a bunch of dummies.

  5. “His personal mission has unearthed realtors who own 20 or 30 properties, as well as other people who have flipped properties in the past year and made substantial profits.”

    When the dust eventually settles on this supposed housing shortage, people will be amazed at how much was due to highly leveraged house hoarders riding up bubble price appreciation on the road to riches.

    1. “… highly leveraged house hoarders riding up bubble price appreciation on the road to riches.”

      And sucking out as much equity as they could on the ride up so as to leave them deeply underwater financial wise during the steep ride down.

      Such is the way debt slaves are produced.

      1. “….Such is the way debt slaves are produced….”

        Easy Peasy. Turn that 30 year fixed into a lifetime of payments stretching into infinity. God’s Plan!

    2. It’s amazing how many ghost-towns there are in Utah, especially in the newly developed areas — the only signs of life are F150s doing more construction. But “housing shortage!”

          1. I remember when being a realtor was a part time job for housewives, their “fun money”.

    1. Blackstone Bets $6 Billion on U.S. Suburban Home Rentals

      That’s 20,000 $300K houses.

      1. 17,000 to be exact.

        “Blackstone Group Inc. agreed to buy single-family rental company Home Partners of America Inc. for $6 billion” “Home Partners, which is being acquired by Blackstone Real Estate Income Trust Inc., owns more than 17,000 homes across the U.S”

        Sounds like Blackstone bought at the top again. It’s a long way down for loan owners.

  6. Today is Tuesday, June 20th, and Joe Biden is not the legitimately elected president of the United States.

    The 2020 election was stolen.

    1. “Today is Tuesday, June 20th, and Joe Biden is not the legitimately elected president of the United States.”

      Testify brother Deplorable!

    2. Yes, its true that they criminally rigged the National Election to put their Puppets in the White House , Congress and the Senate.

      All their narratives advanced by Fake Censored News are so outrageous that its beyond shocking.

      Biden, the Imposter President advancing a narrative of the White race ,or half the Country being the enemy is false and appalling , and is open treason against US Citizens.

      The Medical Tyranny is just a sign of what this Innsurrection will resort to , however much damage it causes, however false it is.

      Of course I feel threatened because I’m a member of the White race, a anti vaccine person, and a believer in Constitutional protections of the individual. Free speech taken away by this censorship of news and facts, and it obvious they want to disarm Citizens , is alarming.

      And when you hear some of their Spokespeople talk, like Schwab, Soros and Gates , on what their creepy goals are, that they no doubt want to force on populations, its vile, murderous and a dictorship of top down rule by these monsters.

      Hard to believe , but its happening . I think its very hard for people to grasp that forces like this could of gained this much power . Hard to believe that Hitler, Stalin, Mao and all the rest gained the power they did at the time.

        1. Although that statement is true, venality isn’t quite the right word here. What’s the word I’m looking for?

        2. “not confined to the D party”

          Do you remember former U.S. House Speaker Dennis Hastert (R-Illinois)? As a high school wrestling coach, he liked to sit in a lawn chair in the locker room facing the showers “to stop the boys from fighting.”

          Sounds like a globalist thing. Globalists gonna globe.

  7. Lumber futures may be down but so far lumber ain’t.

    Needed one piece of 1/2 in. or excuse me 15/32 in. plywood this morning so I went to Home not so Cheepo. It smelled like a fresh cut Christmas tree as I slid it off the top of the pile (I did it myself because those orange Home Depot aprons scatter like roaches when the light comes on at night in a Section 8 kitchen if they think you might be need help loading plywood or 2 x etc.)

    $82.44 later I was loading one, yes one piece of 1/2 in. or excuse me 15/32 in. plywood into my truck.

    That goes along with the $1,597.51 I paid for 20 sheets of 1/2 plywood at the Cheepo 2 weeks ago.

    That’s $1,679.95 for $500 worth of 1/2 plywood in the last 2 weeks.

    1. The lumberyards are full of expensive lumber with few buyers. Like you, I have to buy it for jobs. I paid $62 for ONE 2x6x12 stick of redwood.

      1. Sounds like housing these daze…and toilet paper last March.

        Pandemics lead to weird hoarding behavior.

  8. Some more virus fear mongering, from CBS:

    Delta variant​ could cause next COVID wave: “This virus will still find you”

    It’s coming for you! So get your clot shot today!

    There is hand wringing here in the Centennial State, about how 40% of new cases are Delta. Never mind that the infection rate is still steadily dropping.

    Then, after Delta completely fizzles out, it will be “Oh no! Here comes the Gamma variant! Quick, go hide under your bed!”

    1. The Lancet Updates Letter That Dubbed COVID-19 Lab Leak a ‘Conspiracy Theory’

      ‘Virologist and US researcher Peter Daszak failed to disclose competing interests, the leading medical journal says’

      ‘Dr. Peter Palese, a microbiologist at New York’s Icahn School of Medicine at Mount Sinai Hospital, and one of 27 virologists who signed the March 7 letter, has now backtracked and says an investigation into the origins of COVID-19 is needed.’

      “I believe a thorough investigation about the origin of the COVID-19 virus is needed,” Palese told the Daily Mail. “A lot of disturbing information has surfaced since the Lancet letter I signed, so I want to see answers covering all questions.”

      ‘Meanwhile, signatory Bernard Roizman, a University of Chicago professor, told the Wall Street Journal that he believes “the virus was brought to a lab, they started to work with it … and some sloppy individual brought it out,” claiming that its personnel “can’t admit they did something so stupid.”

      ‘David Asher, a former State Department contractor who helped lead an investigation into the origins of the CCP virus said last month that the virus likely came from the WIV. “It came out of nowhere, and it was optimized for transmission between humans in a way that no bat-borne coronavirus ever had been,” Asher said.’

      https://www.theepochtimes.com/mkt_breakingnews/the-lancet-updates-letter-that-dubbed-covid-19-lab-leak-a-conspiracy-theory_3868568.html

      1. I am becoming increasingly suspicious of the never ending push for “a needle in every arm”.

        Something is very rotten in Denmark.

        1. I am becoming increasingly suspicious

          What finally did it? I suspect the biggest cognitive hurdle for most people is realizing that we have people in power that mean us real harm.

          1. What finally did it?

            We are theoretically past the boundary for herd immunity, and daily cases are in free fall. Yet they are beating the drum incessantly and trying to scare us with the Delta variant.

        2. And now we need booster shots into perpetuity. You know, all those ever-emerging new strains that you can no longer name after their countries of origin.

    2. I’m learning to like the Delta variant, at least in the United States. They are scaring us saying it’s more virulent and more contagious.

      More virulent: Maybe, but they don’t know for sure. (they thought Alpha/Kent was more virulent too, but it’s not.) Delta might be more virulent in unvaxxed India. But in the US, the vaccines* are still protecting against hospitalizations and deaths. In the young, Delta is presenting as a bad cold — maybe not even enough to warrant a test.

      More contagious: IMO, the high infectiousness of the Delta might be a GOOD thing, for two reasons. First, the Delta will find the unvaccinated, and quickly. OK, all that means is quicker herd immunity. Secondly, Delta out-competed every other variant in the UK in a matter of weeks. This will make it much harder for new variants to gain any kind of foothold.

      ——————–
      *assuming you are fully vaccinated with two shots. That’s the big issue with Delta. You really need both shots for protection. That’s for Pfizer, Moderna, and AZ. They don’t yet know about J&J. Luckily in the US, the vax was rolled out earlier in the year so that most people got two shots in before Delta arrived on our shores. The UK is far behind in people getting two shots, which is why they’re having an outbreak.

      1. I’m learning to like the Delta variant

        Just yesterday it was called the India Variant. Notice that there are no more horror stories about piles of bodies in India and them running out of firewood to burn their dead in the streets? The whole thing went away in India (see worldometer) and without “vaccines”. A very symmetrical epidemic curve following Farr’s Law, same as everywhere else.

        The vaccines aren’t showing to have any perceptible effect on populations. Masks didn’t have any effect. Neither did lockdowns or soaking your produce in bleach.

        What did we get out of all of this over the past 16 months?

        1. The whole thing went away in India (see worldometer) and without “vaccines”.

          Same in Mexico. Their media complains non stop about the slow delivery of vaccines, yet the pandemic there is over.

          I’m sure the Gamma variant will soon emerge and we will be told that this is the dangerous one.

        2. Deaths were severely underreported, and parts of India were feeding Ivermectin practically to the entire population. I don’t think we’ll ever know the truth.

        3. The retroactively named the variants Alpha, Beta, Gamma and Delta. I can’t be bothered to care which is which.

          1. The epidemic is over here in this country. The only question is will it reappear in the coming flu season? Probably not since that’s never occurred before with other epidemics caused by respiratory viruses. The MSM and left are stoking the fires hysteria that things will NEVER be the same. Never mind that every pandemic in history goes away on its own.

            Question: Why didn’t the great 1918 Spanish Flu pandemic kill everyone on earth? Because it ended on its very own after about a year and it never returned.

            Covid-19 is yesterday’s news now that everybody knows that Fauci and the U.S. Government collaborated with the Chinese in creating it in the first place. And that Donald Trump was right about it coming from a Chinese lab in WUHAN. Its name should be the WUHAN FLU, no Kung Flu is needed.

            But Slow Joe’s POTUS now so no need to keep up the Covid-19 propaganda machine. Just wait until thousands of people start to drop dead or become seriously ill with strange diseases caused by the vaccine. The vaccine was not a good idea in my opinion because the epidemic curve was already going in a steep downward direction by the second week of January. Maybe just vaccinate some high risk folks but leave everyone else, including children, alone.

            The vaccine may end up killing more people than the disease. It’s possible–who knows…..?

    3. I exited southbound 25 onto Speer Blvd and drove through downtown Dumver then turned south on Broadway today.

      There are still people wearing masks while walking on the sidewalk alone, but their numbers are decreasing, fortunately.

      1. I’m astonished at the number of lone teenagers I see shambling along the sidewalks, dutifully wearing their masks. These docile little sheep are a testament to the effectiveness of our NEA indoctrination mills and their emphasis on blind compliance with any and all globalist-collectivist diktats. The kids I went to school with back in the day had no qualms about questioning arbitrary authority or ignoring stupid rules.

        1. The military draft kept youth alert to what their government was doing back in the day. Now it’s, “Learn To Code.”

  9. What is appalling to me is that these Entities that are asserting their agendas are using the methods that every villain in history used to take over. Like they have studied the methods . They are so obvious in their methods that’s its mind blowing.

    1. “What is appalling to me is that these Entities that are asserting their agendas are using the methods that every villain in history used to take over.”

      (sigh) They are just using what works.

      “Like they have studied the methods.”

      It’s not LIKE they have studied their methods, they have THROUGHLY studied their methods.

      “They are so obvious in their methods that’s its mind blowing.”

      Why should they care how obvious they are? Most people have been dumbed-down to the point where they will fall for anything.

      They use what works.

    1. “I saw the ‘Century of Self’ years ago …”

      Then none of what you see happening around should come as a surprise.

      1. No, Mr Banker its different now. Before they were marketing products. Now they are marketing death, destruction, civil war, total dictorship, tranny, depopulation, racism, depravity, Medical fraud , Commie forced redistribution of wealth ,and a total Innsurrection against the people.

        Apparently the Powers that spent all these years marketing products and trying to figure how how to get people to buy, now they want to take over for once and for all , and give the people nothing.

        Its their final solution and your going to eat bugs, have nothing and like it.

        1. Even though Bernays saw the power of propaganda during war and used it to sell products during peacetime, he couldn’t have imagined that his writings on public relations would become a tool of the Third Reich.

          In the 1920s, Joseph Goebbels became an avid admirer of Bernays and his writings – despite the fact that Bernays was a Jew. When Goebbels became the minister of propaganda for the Third Reich, he sought to exploit Bernays’ ideas to the fullest extent possible. For example, he created a “Fuhrer cult” around Adolph Hitler.

          Bernays learned that the Nazis were using his work in 1933, from a foreign correspondent for Hearst newspapers. He later recounted in his 1965 autobiography:

          They were using my books as the basis for a destructive campaign against the Jews of Germany. This shocked me, but I knew any human activity can be used for social purposes or misused for antisocial ones.

          What Bernays’ writings furnish is not a principle or tradition by which to evaluate the appropriateness of propaganda, but simply a means for shaping public opinion for any purpose whatsoever, whether beneficial to human beings or not.

          The manipulation of the American mind: Edward Bernays and the birth of public relations
          https://theconversation.com/the-manipulation-of-the-american-mind-edward-bernays-and-the-birth-of-public-relations-44393

          1. Bernays helped Woodrow Wilson sell World War I and UN type policies to the Public. So, I’m surprised he was shocked at Nazis/Hitler using his methods.

            He was just a con artist using psychology to bring out irrational emotions to get people to do things.

  10. I was waiting for Kamala Harris to come crawling out of the bottom of that grain car with them.

    Charlotte Cuthbertson
    @charlottecuthbo
    ·
    22h
    BORDER THREAD: Border Patrol stops train near Uvalde that are coming from Mexico via border town Eagle Pass in Texas.

    — 21 Mexican illegal alien males drop out of grain hopper.
    — 4 Honduran males hiding in other cars.

    https://twitter.com/charlottecuthbo/status/1407112110891536389?s=20

    1. Globalists gonna globe.

      The United States is not an “all you can eat buffet” with infinite gibs for the rest of the world’s poors.

      It’s not just a globalist thing, and it’s not just a Democrat Party thing, it’s a white genocide thing, and more and more people are waking up to it every day. “Replacement Theory” is real, and it is who globalists are, and what globalists do.

      Globalists also have names, and they have addresses (for many of them, multiple addresses). Do you think you get to destroy this country, the country of my birth and citizenship, and walk away unscathed? Because, no, you don’t. Not this time, not anymore.

      P.S. the Southern Poverty Law Center is not a “civil rights organization,” it is a criminal cartel of defamation and disinformation (on speed dial to the Washington Post and CNN), and one that has lost all of its power and influence as the self-anointed “language police” as their credibility evaporates.

      I don’t debate globalists, I kill globalists 🙂

  11. Millions become millionaires in Covid pandemic – BBC News

    https://www.bbc.com/news/business-57575077

    (snip)

    “More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic.

    “While many poor people became poorer, the number of millionaires increased by 5.2 million to 56.1 million globally, Credit Suisse research found.

    “In 2020 more than 1% of adults worldwide were millionaires for the first time.

    “Recovering stock markets and soaring house prices helped boost their wealth.

    “Wealth creation appeared to be ‘completely detached’ from the economic woes of the pandemic, the researchers said.

    “Anthony Shorrocks, economist and author of the Global Wealth Report, said the pandemic had an ‘acute short term impact on global markets’, but added this was ‘largely reversed by the end of June 2020’.

    “‘Global wealth not only held steady in the face of such turmoil but in fact rapidly increased in the second half of the year,’ he said.

    “Billionaires see fortunes rise by 27% during the pandemic
    ‘Wealth increase of 10 men during pandemic could buy vaccines for all’
    “However, wealth differences between adults widened in 2020, and Mr Shorrocks said if asset price increases, such as house price rises, were removed from the analysis, “then global household wealth may well have fallen’.”

    Say, what? Let’s look at this again: If asset price increases, such as house price rises, were removed from the analysis, then global household wealth may well have fallen.

    IOW, prices rises of houses and other assets driven by delusional totally dumbed-down ignorant pukes who had somehow gotten access to money are what created the “wealth”.

    Bahahahaha … what the headline doeth give the body of the story doeth taketh away.

    (let’s look at some more snips to see if we can discover more subtractions)

    (here seems to be one)

    “‘In the lower wealth bands where financial assets are less prevalent, wealth has tended to stand still, or, in many cases, regressed,’ he said.

    “‘Some of the underlying factors may self correct over time. For example, interest rates will begin to rise again at some point, and this will dampen asset prices.’

    “Total global wealth grew by 7.4%, the report said.

    “Since the start of the 21st century, the number of people with wealth between $10,000 and $100,000 had more than trebled in size from 507 million in 2000 to 1.7 billion in mid-2020.”

    Yeah, well printing up trillions of dollars may have had something to do with the creation of this financial miracle.

    “They said the increase reflected the ‘growing prosperity of emerging economies, especially China, and the expansion of the middle class in the developing world’.

    “Nannette Hechler-Fayd’herbe, chief investment officer at Credit Suisse, said: ‘There is no denying actions taken by governments and central banks to organise massive income transfer programmes to support the individuals and businesses most adversely affected by the pandemic, and by lowering interest rates, have successfully averted a full scale global crisis.'”

    She screwed up in her reporting; She missed an obvious opportunity to include terms such as “bold and heroic actions by the world’s Central Bankers”.

    “She added: ‘The lowering of interest rates by central banks has probably had the greatest impact.’

    Oh, wait! There it is.

    “‘It is a major reason why share prices and house prices have flourished, and these translate directly into our valuations of household wealth.’

    Read that again: ‘It is a major reason why share prices and house prices have flourished, and these translate directly into our valuations of household wealth.’

    See? Price equals Value and value is a measure of wealth. Throw gobs of money at assets and you end up with wealth.

    Moving on …

    “But she added that these interventions ‘have come at a great cost’.

    “Public debt relative to GDP has risen throughout the world by 20 percentage points or more in many countries.

    “Generous payments from the public sector to households have meant that disposable household income has been relatively stable and has even risen in some countries.”

    TRANSLATION: Peter has been robbed in order to pay Paul.

    (oh, lookie here, another subtraction from the headline. bummer)

    “Ms Hechler-Fayd’herbe said a ‘major reason’ why share prices and house prices had ‘flourished’ was due to the lowering of interest rates by banks, which, she added, translated ‘directly into our valuations of household wealth’.

    1. There is nothing, literally nothing, more hypocritical than WHITE LIBERALS with a kid about to start school. Nothing, nothing, nothing more hypocritical.

      #JoeBidenTouchingKids
      #GoBackToReddit
      #PedoJoe2021

      1. Why so bitter? I used to be on here years ago. Now it’s just a bunch of bitter people constantly talking crap about the dumbacrats. Here’s the thing I used to be a Republican, it’s gotten so silly it’s pushed me the middle and sometimes to the left. I would hate live my life that way.

          1. “it’s gotten so silly it’s pushed me the middle and sometimes to the left.”

            U.S. Air Force Base Says Drag Queen Show Was “Essential For Morale’

            by Paul Joseph Watson
            June 23rd 2021, 6:00 am

            Nellis AFB staged its first ever drag queen show on June 17th called ‘Drag-u-Nellis’ – which it said was important in teaching military personnel the “significance of Drag in the LGBT+ Community.”

            After some veterans raised concerns about why such an event was being hosted, Nellis hit back with a statement defending the show.

            “The event was sponsored by a private organization and provided an opportunity for attendees to learn more about the history and significance of drag performance art within the LGBT+ community,” said the statement, adding that “Ensuring our ranks reflect and are inclusive of the American people is essential to the morale, cohesion, and readiness of the military. Nellis Air Force Base is committed to providing and championing an environment that is characterized by equal opportunity, diversity and inclusion.”

            The whole effort is part of a Pentagon recruitment drive to appeal to LGBT people, with Defense Secretary Lloyd Austin dismissing criticism of the program as “talking points” that foreign adversaries could “capitalize on.”

            He went on to claim that the U.S. military was not going “soft” and is instead focused on doing a “great job of recruiting the right kinds of people.”

          2. Well, I was actually in a coup…I flew in the military for 7 years and was in Asuncion, Paraguay in feb. 1989. I still have my stamped passport if anyone wants to see it.

          3. Well, I was actually in a coup…

            Consider that we’ve all been in a coup here in the USA. You’ll get the memo, eventually. If you had been reading here over the past six months, you’d already have it.

        1. “I would hate live my life that way.”

          What’s the going rate for a paid Troll these days?

          I would imagine there must have been a number in the Biden Corona stimulus for that.

          1. No not a troll…it was just a question. I just see a lot of mad grumpy people in here. It wasn’t that 10 years ago on here. Thanks

          2. He went on to claim that the U.S. military was not going “soft” and is instead focused on doing a “great job of recruiting the right kinds of people.”

            It’s pretty clear who Austin, et al. view as the “wrong kinds of people.” Meanwhile, adversaries like Russia and China are no doubt making their plans, delighted at the prospect of going up against a “woke,” feminized, neutered U.S. military led by political dilettantes.

          3. It wasn’t that 10 years ago on here.

            In case you haven’t noticed, a lot has changed in 10 years.

          4. Meanwhile, adversaries like Russia and China are no doubt making their plans, delighted at the prospect of going up against a “woke,” feminized, neutered U.S. military led by political dilettantes.

            They know that all they have to do is wait and be patient. Eventually we will collapse and then they can turn us into a vassal state without much effort. Heck, they might even be welcomed as our new overlords, if that means the lights stay on and the shelves are stocked.

      2. There is nothing, literally nothing, more hypocritical than WHITE LIBERALS with a kid about to start school
        I respectfully disagree. White Liberal GRANDPARENTS are more hypocritical, at least if my brother’s family is typical.

    2. It’ll start trickling down any time now.

      I think it’s great how they see correlations with job growth and (anemic) wage growth and credit their Money Bazooka with causing it.

      I think in the past, there was no money bazooka and the same things happened, except more robustly. But with the money bazooka, you get to make the political donors really, really rich so that’s a nice side effect. They give more money to the pols, another win. And then you get to go to your sinecure after your work in DC is done. Literally no downside, to you or those you socialize with, only upside. God’s work.

  12. Fed chairman’s testimony shows Biden’s economic plan working -White House | Reuters

    https://www.reuters.com/article/usa-biden-fed/update-1-fed-chairmans-testimony-shows-bidens-economic-plan-working-white-house-idUSL2N2O430Q

    I am going to something different with this article: I am going to take a paragraph near the end of the article and place it first.

    Here is the paragraph: “Biden must decide in coming months whether to renominate Powell for another term as the nation’s top central banker. White House officials declined to comment on that process.”

    Okay, now here comes the entire article:

    “Fed chairman’s testimony shows Biden’s economic plan working -White House”

    “WASHINGTON (Reuters) – Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden’s economic plan is working, a White House official said.

    “’As you know, we do not comment on the Fed’s monetary policy decisions,’ the official said. ‘But their updated forecasts last week reaffirm that President Biden’s economic plan is working and that America is on the move again, and Chairman Powell reiterated this today in his congressional testimony.’

    “Powell told U.S. lawmakers the U.S. central bank was sticking to its intent to encourage a ‘broad and inclusive’ recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.

    “White House officials kept a close watch on the testimony, along with U.S. markets, with Republicans arguing loudly that Biden’s economic plans are to blame for recent price increases.

    “But the Fed chairman, whose term ends in February, said the recent high inflation readings reflect rising demand for goods and services and supply chain bottlenecks, echoing similar remarks by administration officials.

    “Biden must decide in coming months whether to renominate Powell for another term as the nation’s top central banker. White House officials declined to comment on that process.

    “Powell’s recent comments have pleased White House officials, who say the Fed’s two-percentage point jump in its economic forecast for 2021 – from 5% to 7% – provides clear evidence that the president’s approach is paying off. That would be the fastest economic expansion since 1984.

    “The Fed was also forecasting unemployment of 4.5%, down a full two percentage points from its forecast a year ago, the White House official said.

    “’That’s the story of President Biden’s presidency after just five months in office: economic growth is up, unemployment is down, and America is roaring back thanks to the President’s leadership.’

    😁

    1. The Financial Times
      Global Economy
      House prices climb to record levels in US and Europe
      US existing home prices jumped 23.6% year-on-year in May to an average of $350,300
      A house for sale in Palm Beach, Florida. Total US housing inventory in May was 20.6% lower than a year before
      Martin Arnold in Frankfurt and Colby Smith and Matthew Rocco in New York 11 hours ago

      House prices have set records in the US and parts of Europe as vast fiscal and monetary stimulus help residential property markets to continue shrugging off the impact of the coronavirus pandemic.

      The median price for US existing houses rose a record 23.6 per cent year on year to a high of $350,300 last month with every region of the country recording increases, the National Association of Realtors said on Tuesday.

      Europe’s housing market has also kept climbing despite the Covid-19 crisis. In the Netherlands, existing house prices rose 12.9 per cent in May from a year earlier, the fastest growth rate since 2001, the Dutch Statistics Office said.

      The number of residential property sales declined in both the US and the Netherlands, even as prices continued to rise, suggesting that demand is outstripping supply. The Dutch Land Registry said it recorded 16,126 residential property transactions in May, a 12.1 per cent drop from a year earlier.

      Sales of previously owned homes in the US fell 0.9 per cent between April and May to a seasonally adjusted annual rate of 5.8m. Total US housing inventory of 1.2m units was 20.6 per cent lower than in May 2020, NAR said, though up 7 per cent from April.

    2. The Financial Times
      Global inequality
      More than 5m people become millionaires despite pandemic
      Wealthiest benefit most from asset price inflation as the number of people worth at least $50m rises almost a quarter
      People walking
      Global wealth accumulated by households rose by about $28.7tn in 2020 as central banks flooded financial markets with cheap money
      Alistair Gray in London
      12 hours ago

      The coronavirus pandemic has wreaked misery and economic damage around the world but it has also been a boon for the rich with an estimated 5.2m people becoming dollar millionaires last year while the number of those worth at least $50m increased by almost a quarter.

      A Credit Suisse report found that aggregate global wealth accumulated by households rose by about $28.7tn in 2020 as central banks flooded financial markets with cheap money, inflating asset prices.

      Higher equity and residential property valuations lifted aggregate household net worth — assets, including property, minus debts — to about $418.3tn. The increase was equivalent to a 4.1 per cent rise on a constant currency basis — only slightly below the annual average of the past two decades even as global economies struggled with the health crisis and lockdown restrictions.

  13. People tend to get bitter, no absolutely pissed ,when mentally insane criminal power mongers try to destroy their lives.
    Oh, and you use to be a Republican until you saw the light and switched to noble cult party of the left that’s going to make everything equal. I would suggest that you go under a tree for about 6 years and maybe you might find your brainwashed and bribed mind might be able to recover from you illusions.

    1. We the People (who pay the bills) have literally no one representing our interests in government, or pushing back against the globalist agenda being pushed by the oligarchy’s Republicrat duopoly puppet show. So maybe some bitterness is called for.

    2. Yea because what we had in the white house was so great. He was embarrassing. I’ve done all the right things in life, became a volunteer fireman at 16 went in the military at 18….I’ve been fairly successful at life, I think. Sorry to bust your bubble we haven’t had a good president in many decades. I don’t agree with what’s going on now and previous years….but I’m also not going to lose my mind over it.

      1. The irony is that you’re the butthurt one on this thread. Maybe just say nothing and go play golf or something? For somebody who doesn’t care, you sure do care.

        1. Lol. Not butthurt…I’m tough. I just don’t over react on everything. It’s the military and me.

          Best regards,

          1. The day will come when the luxury to under react will be gone. I hope that day doesn’t come . The true enemy against the people have been doing incredible harm and truly don’t care. These people don’t care about equity or fairness or humanity or democracy, and they are tampering with Mother nature as to be a threat to all.

      2. “Yea because what we had in the white house was so great. He was embarrassing.”

        And the mask is off!

        Did you see any highlights of Joe Biden’s recent trip other than those presented by his cover team aka the MSM?

        Talk about an embarrassment.

    3. Housing wizard, apparently you can’t read. I said I moved to the middle. I mean left on some things and right on others. Once people realize as a nation, we need to get over some things we don’t like it even hate and find a way to move forward.

      Wasn’t too many years ago we didn’t allow women to vote or drive vehicles. Now we have them flying too line fighters. Black couldn’t even drink out of the same water fountain. Things change, I know there is a lot of weirdness going on right now, but I can assure you it’s not the entire country…it’s a small number.

      As far as military, the U.S. Military is the very best about bringing people together…rich, poor, black, white, make and female. They’ll get through the drag queen contest….I’m still shaken my head at that one. I can assure you it’s a small group, it’s not going to change our readiness….at least they didn’t get a medical waiver to stay out of the military. If anyone on here has been in the military in a special operations level you will know this.

      1. “Wasn’t too many years ago we didn’t allow women to vote or drive vehicles”

        “Wasn’t too many years ago”

        Tens of thousands of Biden voters remember when women got the right to vote.

        On May 21, 1919, the US House of Representatives passed language for a constitutional amendment affirming the right to vote in the US could not be denied because of one’s gender.

        Some of the people who voted in Michigan would currently be about 120 years old

        November 05, 2020
        editor:

        Data from the official Michigan government voter index indicates that a man who died in 1984 has voted in the United States presidential elections on Nov. 3 via absentee ballot.

        One man, 118-year-old William Bradley, who was born in 1902, voted via absentee ballot and would be the oldest male to have ever lived if he were actually alive. The world record for the oldest male ever belonged to a man in Japan, Jiroemon Kimura, who lived until 115.

        https://rmx.news/article/article/dead-man-william-bradley-votes-in-michigan-presidential-election-as-voter-fraud-concerns-rise

  14. The Swamp in DC sold out years ago, so this level of corruption is what everybody is pissed about. A criminally rigged election , that you no doubt don’t believe happened , has brought treasonous Puppets into high places like the White House.

    Nobody is losing their mind over it, it more like coming to clarity on it and the reality of Entities trying to hijack the USA and other Countries.

    It sounds to me like you have just decided to tune out and just go with the flow , in spite of how insane it has become.. Thank you for your service to this Country, but you need to have clarity on what’s happening now.
    Its really not a issue of bitterness, it more a issue of survival , and that’s how serious this current situation is.

    1. Not too long ago I would have dismissed this as hyperbole:

      https://www.unz.com/ghood/endorsing-a-call-for-the-new-american-flag/

      https://www.unz.com/wp-content/uploads/2021/06/The-Pride-Flags-Intersex-Inclusive-Makeover-600×337-600×337.jpeg

      What do you think? If they run it up the flagpole, will anyone salute?

      Also, the suddenness of Juneteenth becoming a Federal holiday seems like a harbinger to me. Can reparations be far behind? Maybe a special “whites only” tax?

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