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We Had This Big Influx All Of A Sudden

A report from the Idaho Statesman. “It may be a relief to hopeful home buyers to see local median home prices fall for the first time in more than a year. ‘There’s a psychology behind it,’ said Jennifer Louis, a Boise real estate agent. ‘Once people see a couple drops, they put on the brakes and want to see what’s going to happen.'”

“In January, the supply bottomed out when only 260 homes were listed in Ada County and 160 in Canyon. There were 1,124 available homes listed in Ada in August, a 54% increase from June and a 332% increase from the start of the year. Canyon’s inventories are also improving, with 740 homes available in August. ‘The new builders released a lot of inventory at the end of summer,’ Louis said. ‘We had this big influx all of a sudden. With more inventory to buy, it can affect prices. There are more options. We saw a lot of the builders dropping prices or doing big promos.'”

The Press and Guide. “Closed sales for the combined Dearborn-Dearborn Heights market fell 26.4% in July, compared with the year-earlier month (184 to 250), according to sales data compiled by Realcomp, Michigan’s largest multiple listing service. Dearborn sales declined 16.4% (112 in July and 134 in July 2021). Closed sales in Dearborn Heights slumped 37.3% (64 to 102). ‘While the market is still hot, it is not the frenzy that we saw in early spring,’ said Jeanette Schneider, president of Re/Max of Southeastern Michigan.”

The Free Press in Minnesota. “Mankato Realtor Dar Vosburg said she’s seen a few problems with homes not appraising for enough to satisfy loan requirements, an issue driven by multiple bidders driving prices up beyond the asking price and value of the home. And she’s noticed fatigue among buyers who repeatedly get outbid. ‘Some buyers get tired of looking and making offers and they just decide to hold off for a while.'”

The Anthem Independent. “Arizona Realtors President Jan Leighton, who sells homes in the northwest Valley, said the ‘top’ of the Valley housing market was at the end of March or the beginning of April. Now, she said inventory is ‘up a skosh’ after there weren’t much Phoenix homes for buyers to choose from. She said homes for sale are on the market longer — giving buyers more time to look at a variety of choices.”

From KLAS on Nevada. “After months of sharp increases, Las Vegas lenders say local home prices are beginning to stabilize and say now might be the time for new buyers to jump into the market. Experts such as Andrew Leavitt of Pay It Forward Lending say the market is changing. ‘I would say buyers who have one thousand to three thousand dollars saved up, there’s a good chance you could purchase a property cheaper than what you would rent a house for right now,’ said Leavitt.”

From My San Antonio in Texas. “This content is made possible by San Antonio area REALTORS®. Don’t be insulted if a potential buyer presents an offer way below your asking price. It’s nothing personal, and you’re not required to reduce your price. Some buyers use such offers as a way to start the negotiating process, and it doesn’t take much effort to see if the person genuinely wants to purchase your home. When buyers and sellers get close on a sales price, often someone suggests splitting the difference. If a low-ball initial offer caused you to counter with a significant price reduction, meeting halfway later in the negotiations might not be in your best interest financially.”

The Gazette in Colorado. “That slight momentum in inventory might help to provide more opportunity for buyers; up to now, they’ve been limited in their choices, which has led to sellers routinely fielding multiple offers that exceed their asking price. ‘It’s cooled off a little bit, but it hasn’t gone down,’ said Brian Maecker, a real estate agent with Re/Max Advantage in Colorado Springs. ‘Instead of seeing 10 people bidding for a property, we’re only seeing a couple (or) three. So we’re not seeing the frenzied crowd that we saw a few months ago.'”

“In addition to a bump in inventory, there are times when some sellers might reduce their asking price, Maecker said. ‘It feels like more stuff is hitting (the market) and less people are bidding for it,’ Maecker said. Single-family permits issued by the Regional Building Department through the first eight months of 2021 totaled 3,165, up 11.7% over the same period in 2020. The year-to-date total puts the area on pace to crack the 4,000 mark for the second consecutive year.”

From Seattle PI in Washington. “Matthew Gardner, a chief economist at Windermere Real Estate in Seattle, said he expects prices to continue to drop in the coming months. ‘In King County, median list prices dropped from $740,000 in July to $729,000 in August,’ he said. ‘I believe this is because we are hitting a price ceiling and the rabid pace of home price appreciation will continue to cool as we move through the rest of the year.'”

The Commercial Observer on New York. “Brookfield Property Partners willl take a nearly $100 million loss on the sale of its retail condo at 530 Fifth Avenue, sources with knowledge of the deal told Commercial Observer. The landlord is in contract to sell the 60,000-square-foot retail condo at 530 Fifth for $192 million to a joint venture.”

The Real Deal on Illinois. “A 17,500-square-foot Barrington Hills mansion featured on the Fox TV series ‘Empire’ may finally have a new owner after eight years on the market and a 53 percent price cut from its original ask. Sitting on 8.5 acres at 45 Lakeview Lane, the mansion was listed at $7.5 million when it went under contract on Sept. 3, according to Crain’s, which reported that the sale is subject to an unspecified contingency.”

“Sellers Sam and Geralyn Cecola, owners of the Admiral Theater strip club on Chicago’s North Side, built the home in 2008 and initially listed it for $15.9 million in 2013. Successive price cuts had shaved the ask down to $9.5 million by 2019 and $7.5 million in May of last year.”

“Should the sale go through at the $7.5 million ask, it will be the first $5 million-plus home sale in the Barrington area in at least five years, according to Crain’s. Other suburban luxury markets have had a hard time unloading mansions. Former Chicago Bulls star Scottie Pippen cut the price of his home multiple times before it sold last month for just under $2 million after five years on the market. Pippen’s former teammate Michael Jordan has been trying to sell his pricier Highland Park mansion for nearly a decade. Originally listed for $29 million in 2012, it is currently asking $14.9 million.”

From CNBC on California. “A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known as ‘The One,’ was placed into receivership by the Los Angeles County Superior Court and is expected to be relisted at a lower price in the coming months, according to people familiar with the property.”

“The receivership marks a stunning reversal for ‘The One’ and its flashy developer, Nile Niami, who often touted the property as his ‘life mission’ and ‘the biggest, most expensive home in the urban world.’ Expected to hit the market in 2017 with a price tag of $500 million, ‘The One’ has been dogged by repeated delays, funding problems and changing strategies.”

“‘There’s a lot of people out there with a lot of money — they want something no one else can have,’ Niami told CNBC in 2017. ‘This is it.'”

“‘The One’ was one of dozens of spec mansions that rose up from the hills of Bel Air and Beverly Hills after 2014. The building boom — an arms race of infinity pools, candy walls, auto galleries and party rooms — led to a glut of real estate excess. Many LA megahomes, including several built by Niami, wound up selling for far less than their asking prices. Even as prices were falling, Niami was loading up on debt to finish and promote ‘The One.’ Over the past four years, Niami and his related LLC, Crestlloyd, have borrowed more than $165 million.”

This Post Has 126 Comments
  1. ‘Matthew Gardner, a chief economist at Windermere Real Estate in Seattle, said he expects prices to continue to drop in the coming months’

    Click!

    1. Have the Realtors started using the seasonal excuse yet? School year starts up, sales decrease in the fall, etc?

      1. I wonder how much upside is left in the housing market. Mortgage interest rates are about as low as they can go, as they track US 10 years treasuries which are near zero. I think the interest rates are the core driver for the global housing bubble in both the mid aughts and now. FOMO drives bubbles, but low interest rates buoy both the housing and stock markets, so it seems to me the Fed is stuck with low rates unless and until an exogenous force forces their hand. It’s always 2 years away from an election.

        On the other hand, population always going up; hard to say about wages increasing, but the top end is going up. But the plankton buyers, hard to say about their. GSEs gonna keep boosting conforming loan limits. Inflation is a thing.

        Last time interest rates started going up, I was wrong about how persistent that would be. I thought it might be a tectonic shift. But no, they turned on a dime. But hitting the lower bounds… that seems like a natural limit.

        1. Mortgage interest rates are about as low as they can go, as they track US 10 years treasuries which are near zero.

          Not 10 years, they’re like 1.3, but the overnight rate is near zero. The 10 year did make it down to like 0.5%, mortgage rates got to 2.7-something, now in the 2.9-something range.

  2. ‘A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings’

    I checked the Los Angeles Times website this morning and they didn’t mention this one bit. Odd, since they are in freaking LOS ANGELES!

    1. Let’s all please observe a moment of silence for those tens of millions of Yellen Bux that just flew away to debauched currency heaven.

    2. “I checked the Los Angeles Times website this morning and they didn’t mention this one bit. Odd, since they are in freaking LOS ANGELES!“

      – That’s small potatoes. Not worth the effort. RE only goes up or something…

  3. ‘The new builders released a lot of inventory at the end of summer,’ Louis said. ‘We had this big influx all of a sudden. With more inventory to buy, it can affect prices. There are more options. We saw a lot of the builders dropping prices or doing big promos’

    First I’ll mention that I search for Boise shack news every day. Why? I knew this day would come. Bubbles always pop.

    Second, wa happened to my shortage? There never was one.

    Third, now that the floodgates have opened, what happens to recent new shack buyers up there? Fooked.

    1. I read yesterday that Boise is the #1 overpriced market in the country. Austin is #2.

      I looked at a 3 year old neighborhood in Austin recently. In that hood you can rent a 3/2 for $2200. Right down the street you can buy a very similar house brand new for $500k. That’s at least a $2700 payment if you put $100k down. With that differential in monthly cost numbers I don’t see why anyone would buy in that neighborhood. A couple of years ago this differential was much smaller in Austin and elsewhere in the country.

      Are we finally at the verge of correction?

        1. Reno, NV has a number of massive warehouses, and it is a major transportation hub with triple trailer trucks arriving on the I-80. And there’s the casino-entertainment industry too. OTOH, nothing strategic comes to mind regarding Bend, OR, but it does have prettier scenery.

  4. ‘Experts such as Andrew Leavitt of Pay It Forward Lending say the market is changing. ‘I would say buyers who have one thousand to three thousand dollars saved up, there’s a good chance you could purchase a property’

    There’s yer subprime.

    1. “…Experts such as Andrew Leavitt…..”

      “… buyers who have one thousand to three thousand dollars saved up…”

      Andrew Leavitt, are you the same guy who tells kids its OK to go play on the freeway?

      No one with just a few grand can afford to buy a home.

      Your advice, Andrew Leavitt, is totally irresponsible. BTW, how did you become an ‘expert’? Expert at what? BS’ing people?

      1. 1k down. Sounds like the NINJA strippers of yesteryear owning a nice brownstone bc financialization

        1. Correct. I call this scheme ‘free crack for everyone’

          As Ben pointed out, these loans are subprime.

          We all know the default rate for subprime is high, so its you and I and all HBB readers who, in the end, actually pay.

          I would have no problem if private money is lent, but of course, these loans are securitized as MBS and sold to the Fed.

          What a complete scam.

    2. “I would say buyers who have one thousand to three thousand dollars saved up, there’s a good chance you could purchase a property’

      – Assume house price is $300k. $300k/$3k=100x leverage; LTV=99%. FICO probably 600. Yes, subprime. Only possible w/ taxpayer-backed GSE loan. Maximum moral hazard. Just like last time. Guaranteed to lose (taxpayer) $. Just like last time.

      “There’s yer subprime.“

      – Say it ain’t so!

    3. “After months of sharp increases, Las Vegas lenders say local home prices are beginning to stabilize and say now might be the time for new buyers to jump into the market. Experts such as Andrew Leavitt of Pay It Forward Lending say the market is changing. ‘I would say buyers who have one thousand to three thousand dollars saved up, there’s a good chance you could purchase a property cheaper than what you would rent a house for right now,’ said Leavitt.”

      My BENZ payments ain’t gonna make themselves!

  5. I am heartened by myriad recent news stories suggesting that the housing market has achieved a permanently high plateau. I had just begun to wonder whether trees had finally developed the ability to grow to the sky when this development ensued.

  6. Why is it so difficult to find a picture of who was arrested for this crime?

    Most of the real journalist coverage of this story has a picture of the building, the memorial or the deceased that had their identity stolen like this CNN article did.

    Three people arrested in connection with identity theft of Surfside condo victims

    By Kay Jones, Steve Almasy and Rebekah Riess, CNN
    Updated 0421 GMT (1221 HKT) September 9, 2021

    https://edition.cnn.com/2021/09/08/us/surfside-identity-theft-arrests/index.html

    Or Reuters

    Florida ‘cyber grave robbers’ charged with condo collapse ID theft

    By Tyler Clifford
    September 8, 2021

    https://www.reuters.com/world/us/three-charged-with-stealing-identities-florida-condo-collapse-victims-2021-09-08/

    Much tougher and really requires scrolling down to get a look at those who were arrested.

    Identities of Surfside condo collapse victims stolen. Suspects have been arrested

    BY DAVID OVALLE AND CHARLES RABIN
    UPDATED SEPTEMBER 08, 2021 07:45 PM

    https://www.miamiherald.com/news/local/crime/article254072193.html

    1. When the elevated Cypress freeway collapsed in Oakland, CA during the 1989 Loma Prieta earthquake thieves quickly swarmed the dead and injured crushed in their cars removing personal items such as purses, wallets, wedding rings, etc., before first responders arrived on the scene.

      1. That also happened in 1975 JFK airport. Plane crashed at Rockaway Blvd. (bad neighborhood – don’t know what it’s like now.) My uncle was there; he didn’t want to talk about it.

        Excerpt from book “Jimmy the Wags: My Life in the NYPD” (warning, gruesome):
        https://files.catbox.moe/xmcxmq.png

    1. Last night Beanie Boy reported that Larry Elder was egged by a white woman wearing a gorilla mask. It’s been reported on Fox and some local press, but the liberal msm is silent. (hey wait, I thought silence was violence?)

  7. Some interesting puddle watching:

    “Return my hard-earned money,” chanted #Evergrande employees during a protest outside the company building yesterday. Evergrande has over 123,000 employees.’

    https://twitter.com/disclosetv/status/1435542664682917888

    ‘Two VERY peculiar things happened the past two days…’

    https://t.me/QAnonJohn17/13655

    https://www.whitehouse.gov/briefing-room/presidential-actions/2021/09/07/notice-on-the-continuation-of-the-national-emergency-with-respect-to-foreign-interference-in-or-undermining-public-confidence-in-united-states-elections/

    Day of the rope approacheth.

  8. It seems like we are once more in that weird period of denial between when the consensus view says that real estate is red hotcakes and the facts on the ground suggest the market is sliding into a vast crater.

    Try not to catch yourself a falling knife!

    1. Got that “mid 2007” vibe to it. The first warning of the financial crisis was August of 2007 when the banks suddenly got cold feet with the Alt-A loans and Bernanke had to inject some liquidity. The market calmed enough that most of the country didn’t notice it. The big crash happened a year late.

      Did we have a similar event recently? Maybe some of the repo or reverse repo stuff? If so, I guess we can expect a crash one year from then.

      1. Evergrande implosion…and don’t assume that a homegrown crisis in China will stay within.

        Exhibit A: COVID-19

  9. Median home price does not measure what is proclaimed. PPSF is not even a good measure since quality varies significantly.

    1. “Quality” is subjective. Condition is the greatest variable and its there where depreciation eats you alive.

      1. “Condition is the greatest variable and its there where depreciation eats you alive.”
        Yes. A low quality shack will depreciate faster and with more condition problems than a well constructed house of high quality materials and craftsmanship.

        1. Again. Subjective.

          “Quality”, “well constructed” and “craftsmanship” are simply opinions and code language really. A structure is either built according to the plans and specs or it isn’t.

      1. You want to see ladies mud-wrestling, eh?

        There is no public health justification to mandate a vaccine that does not stop spread.

        They think they’re taking revenge on the deplorables, but remember they just lost the black vote — “Tusgeekee Airmen” and all that.. And if everyone is required to get a vaccine, and you need an ID to get a vaccine, aren’t they requiring everyone get an ID? More Jim Crow 2.0.

  10. I’m looking forward to some stories about how new Boise stonk transplants are enjoying the winter. I’m sure the locals will be eager to assist them.

    1. There’s an inversion layer that typically moves in over the Boise region trapping air pollution and cold ground fog. The elevation is roughly 2,700-ft MSL, so the snow can drift and icy roads persist.

  11. **” Have the Realtors started using the seasonal excuse yet? “

    last I heard we were still “All in this together! “

    ad nauseam

  12. So, does that mean that Ron Paul ,being a Federal employee has to take the shot, or all of Congress and Senate.
    Ron Paul has natural immunity by getting Covid early on.
    Somehow I think that Biden does this stuff to distract from other news like Fauci lying about his connections with China lab.
    And is it even legal to make a mandate like this when the jabs are under EUA still.
    As I see it they just go against the law with a attitude of what are you going to do about it. Biden but a short time span to comply to the shot mandate, when legal defense against this takes longer. Evil mother f–kers.

      1. ” Does that even matter anymore?”

        Well, they don’t think it matters because they are the insurrectionists that criminally rigged the election , brought on the medical tyranny, and are destroying the Constitional Republic by this over take of US and other Countries.
        Seriously, when you heard they were going to make warp speed vaccines as a response to a low risk Panademic, did you think it would morph into take the vaccine or have freedoms taken, or lose your job, be denied medical care,maybe be taken to Covid camps?
        They do things in steps and the non stop fake news with censorship is their tool to create a mass Psychosis to divide people. For God sakes they are getting the Covid Cult dumb asses to justify killing the unvaccinated and all the other fake narratives.

        I use to marvel at what Hitler, Stalin and Mao got people to do. But right in front of my eyes I’m seeing same sort of tactics being used, and they are sucessful with it.
        Apparently there is evidence World wide of some major pushback forming by the people against this One World Order take over.
        The people have to do it because these criminals have the treasonous Governments in their camp.
        Nice rebellion happening in Brazil right now with 10 million protesters coming out in protest against the Globlist. They actually know its the Globlist that are behind the takeover tyranny.

    1. There have been so many watershed events it’s difficult to discern which had what effect but Chief Justice Pedo Island Roberts mandated insurance was tax and to not be insured from a private company was a criminal offense.

      Our founding fathers vehemently believed the federal government did bnit even have the right to know our income.

      1. Only two Republicans calling for the arrest of Dr Fauci for lying to Senate under oath, in that whole treasonous Swamp in DC.
        Fauci has done a lot worse than just lying to Congress. He funded gain of function research in a rival foreign Country, being China, and it just happens to be released on the Globe. He had a hand in the suppression of drugs that worked resulting in many deaths. So many other crimes by that devil with fake news supporting his BS fraud.
        And Biden doing everything possible to harm US Citizen and this Country.

        Oh this is the” Build Back Better “agenda of this criminal take over, where fraud and insanity and large scale murder and destruction is evident.

        I guest the criminal Innsurrection of US and other Countries is going to push this insanity to the max because they want their bizarre Dictorship.

      2. A saw a story recently that Brett Kavanaugh had a 200k credit card debt mysteriously paid off. Has any one else heard about this? The paid off blackmailed traitors are everywhere.

        1. “…but Supreme Court nominee Brett Kavanaugh still managed to max out three credit cards and a Thrift Savings Plan loan buying tickets to see the Washington Nationals in 2016…”

          Must’ve watched sports on the big screen at Epstein’s crib.

      1. Yes Rand Paul.

        The consequences of a rigged election is that the people who are pulling the strings are doing a lot of damage to the US and its Citizens. Never seen anything like this in my life.

        1. It was Rand Paul, and he was asymptomatic. How do we know he wasn’t one of your false positive PCR tests? Does anyone know if Rand had an antibody test?

          1. May 5, 2020 tweet from Rand Paul:
            Modern medicine shows us that immunity is based on having antibodies. Why do they think medicine is trying so hard to get a coronavirus vaccine? Immunity. I have taken an antibody test and am positive for long term Covid-19 antibodies.

          2. OK, thank you. I think it would be useful for him to take antibodies again, just to see how long-lasting his antibodies are. And I wonder if there’s a way to test for specific Delta antibodies.

          3. His naturally-acquired immunity is going to be much broader than vaccine-induced immunity because he was exposed to the entire virus not just the spike protein. Natural immunity is like a rainbow of colors whereas vaccine immunity is like one fading color.

          4. I think it would be useful for him to take antibodies again,

            Since it’s been over a year, unless he’s had a recent exposure, it’s unlikely he has circulating antibodies. A T-Detect COVID test might be useful but I doubt it’d be specific for the Delta variant.

          5. Rand has the best of both worlds. He developed the best of immunity with the least of symptoms. Millions of people were not so lucky.

            I would guess that he does have circulating antibodies. I suspect that everyone is being exposed to Delta all the time.

    2. The Reign of Terror in the French Revolution was prosecuted by the Committee for Safety. It won’t be long before Psaki will have a press conference to announce the Biden EO to establish the new Religion of the Supreme Being. We are only in the parking lot of the insane asylum right now. It’s going to get a lot crazier.

      1. We are only in the parking lot of the insane asylum right now. It’s going to get a lot crazier.

        And don’t think for a second that they are going to leave you alone.

    1. what do we make of this worker shortage?

      If you pay people to not work, they won’t work. The extra UE cheese (which is really a form of UBI) is expiring. I’m sure the Dems will try to get it reinstated, but it could take a while, so the lay abouts will have to tighten their belts.

      1. “….you pay people to not work, they won’t work. The extra UE cheese (which is really a form of UBI) is expiring…”

        What surprises me (well, nothing really surprises me anymore) is how such a small piddling amount of free cheese is enough to keep many un-interested in keeping themselves employed, learning new skills, etc.

        We are breeding a whole generation of useless wonks.

        Does anyone work with their hands / brain anymore and produce useful work?

      1. “Does an 80,000-lb tractor-trailer and a teenager go together?”

        Absolutely! Just add the massive insurance increases in with higher fuel costs to everything you buy, add a couple of days of drive time in for your family summer vacation due to multi car pileups with fatalities, kick back and enjoy Biden’s America.

        Teenage Car Insurance Average Cost: Everything You Need To Know

        Highway Safety (IIHS); the agency notes that males ages 16 to 19 have a fatal accident rate nearly triple that of other adults. This demographic group causes about 66 percent of these types of accidents, a significant decrease from 75 percent in 1975. As a result, WalletHub reports that the average teen boy pays about 15-percent more for auto insurance than the average teen girl does.

        Auto insurance premiums are higher for teens ages 16 and 17 than they are for 18-and-19-year-olds. According to the Centers for Disease Control and Prevention, the former age group has a 200-percent higher accident rate than the latter, accounting for the elevated cost.

        The prevalence of accidents goes down as drivers approach age 25. At that point, your one-time teen will have several years of behind-the-wheel experience and should be able to qualify for an affordable policy independently.

        https://www.caranddriver.com/car-insurance/a35599446/teenage-car-insurance-average-cost/

  13. September 11, 2001 was a joint Mossad/Dual-citizen/Neocon/Darth Cheney operation. In that order. Was it an inside job? No. Foreigners and traitors are not insiders. Never forget.

    1. World Trade Center Building #7, I guess that one was just an “Afternoon Delight” despite having no direct impact from the planes. Let’s pull it? Yes, Larry, let’s pull it…

      1. The twin towers were loaded with asbestos and would have cost the NY Port Authority over $1B to demolish them. They were basically worthless structures, or maybe even had a negative value. Enter Lucky Larry Silverstein who bought a 99 year lease and, more importantly, an insurance policy on the property in July 2001. Very suspicious, to say the least. The Salomon Bros. building (WTC 7) had as tenants several Federal agencies including the SEC and CIA. One likelihood is that it was used as the control room for the destruction of the twin towers and had to be demolished to cover up that evidence.

  14. I can across a rather astute observation today: Software as a Service (SaaS) has been such a lucrative business model for tech that pharma is implementing it as Immunity as a Service (IaaS). Heretofore, I will refer to booster shots as IaaS.

    1. Software as a Service (SaaS)
      Really annoying. Still using the last “owned” versions of MS Office and 1Password. Everybody wants rent.

        1. LibreOffice is the more active fork. For MS office users you can still buy the perpetual license (Office 2019).

    2. “…IaaS.”

      In the cloud world IaaS is Infrastructure as a Service, i.e., no more bare metal in a secure clean room.

  15. How dare that scoundrel Biden make a comment after what his puppet masters have been doing to people in the US and around the World.

    What a insulting piece of garbage that old creep is.
    They don’t have patience with people who don’t want to be lab rats for gene therapy proven unsafe and not effective.

    This rigged election is having consequences beyond my imagination. It gets weirder by the day .

  16. “Devil Incarnate Trio”: Internet Recoils at Photo of George Soros & Son with House Speaker Pelosi

    By Infowars.com Thursday, September 09, 2021

    A photo of Alexander Soros and his father, globalist billionaire George Soros, posing with Democrat House Speaker Nancy Pelosi is causing a stir online.

    The photo, posted Thursday to Twitter by Alex – who’s deputy chair of the Open Society Foundations – was ratio-ed with negative commentary, most of which questioned why two of the world’s richest men were mingling with the most powerful Democrat in US Congress.

    Check out some of the hilarious comments below.

    https://www.newswars.com/devil-incarnate-trio-internet-recoils-at-photo-of-george-soros-son-with-house-speaker-pelosi/

    Alexander Soros, PhD
    @AlexanderSoros
    In Pelosi we trust! Was good seeing @SpeakerPelosi this weekend.

    https://twitter.com/AlexanderSoros/status/1435970966476267520?s=20

    1. A photo of Alexander Soros and his father, globalist billionaire George Soros, posing with Democrat House Speaker Nancy Pelosi is causing a stir online.

      “It’s a big club, and you ain’t in it!” —George Carlin

    1. “Beijing Biden meanwhile, he turns his back whenever questions are asked, he walks away, he says nothing of any substance and then he issues dictates like this like he’s a power mad egotistical b@stard and people do nothing! Where are the burning Wendy’s? Ya know, Fentanyl Floyd dies and all of a sudden two billion dollars in damage are done.”

      I feel bad laughing at something that is so sad and so true.

  17. An email:

    ‘This is additional proof of fraud in Maricopa in 2020:

    ‘Liz Harris, a Republican grassroots organizer, spoke to host Steve Bannon on “War Room” Wednesday, disclosing voting discrepancies in Maricopa County, which was conducted through canvasing. She released a report of the audit on Tuesday.’

    “An estimated 173,104 votes are missing or lost, as reported to our volunteers who went door to door verifying registration and voting information for thousands of residents. These are American citizens living in Maricopa County who cast a vote, primarily by mail, in the election and yet there is no record of their vote with the county and it was not counted in the reported vote totals for the election,” according to the canvass report.’

    “Additionally an estimated 96,389 mail-in votes were cast under the names of registered voters who were either unknown to the residents of the registration address or who were verified as having moved away prior to October 2020”, the report states.’

    ‘Meanwhile, Liz Harris, during the interview, told Steve Bannon of the canvass report, “We actually went to the homes of the registered voters and the results are just amazing.”

    ‘She further noted, “We don’t take money and we are a grassroots citizens group that essentially got this started.” So that’s it. Several hundred thousand votes altered by outside actors or fraud.’

    ‘This is a scandal. This is why we did the audit.
    If a group of unpaid citizens could canvass the voters to determine the scope of the problems, imagine what a complete effort could uncover’.

    ‘Keep in mind, Biden only officially carried AZ by just over 10,000 votes. Martha McSally lost by less than 80,000.’

  18. Truck drivers may rather get fired than taking the jab. No drivers mean shortages that much more. Can we recall the president?

    1. A lot of people will quit rather than get jabbed. Not that the Dems give a flying fig about the consequences. Heck, I see articles in the MSM saying that the inflation we’re seeing is a good thing,

  19. You create this machine (the Fed) to print and allocate money. I get that it has its purpose in preventing bank runs. But it can get out of control, which I think it has – at the behest of its masters, politicians and their symbiotic counterparts, the financial sector. Combine that with regulatory capture of government and you will sink into a banana republic style oligarchy of people simply helping themselves to national wealth. From a 30 thousand foot view, one can see this going to its logical conclusion – continual incremental increase in helping themselves leads to continual incremental decreases in the standard of living for most while the wealthiest continue to grow wealthier.

    Fed’s Kaplan, Rosengren to sell stocks to avoid perception of conflict of interest
    Sept. 9, 2021
    By Michael S. Derby
    MarketWatch

    Regional [Fed] bank presidents defend their stock trading over the past year

    The leaders of the Boston and Dallas Federal Reserve Banks said they would sell off individual stocks they own, invest the proceeds in diversified indexed funds or cash savings and cease trading in individual securities.

    The Thursday announcement comes after the Federal Reserve Bank of Dallas this week disclosed that its president, Robert Kaplan, bought and sold millions of dollars in stocks and other investments in 2020. A disclosure from the Boston Fed showed that its president, Eric Rosengren, also was an active trader last year, albeit at a smaller scale.

    Both men defended their actions as consistent with their respective bank’s code of conduct policies…

    https://www.marketwatch.com/story/feds-kaplan-rosengren-to-sell-stocks-to-avoid-perception-of-conflict-of-interest-11631228210

    1. Tweet from @NorthmanTrader yesterday:
      Pro tip: If you see Kaplan, Pelosi & Rosengren walk into a bar make sure you get the seat next to them.

  20. military pilots walking off the job after the installed puppet pedophile traitor-in-chief’s unconstitutional injection mandate.

    please biden, and all the rest of his traitors… please drop dead. as the klingons would say “you’re a waste of skin”.

    https://www.bitchute.com/video/1oMZt5ldMjmA/

    and don’t let them distract any of you from the afghanistan debacle.

    1. The Financial Times
      FT Magazine Cryptocurrencies
      Inside the cult of crypto
      Debate? No thanks. Doubts? Not welcome. How the world of cryptocurrency diehards really works
      Siddharth Venkataramakrishnan and Robin Wigglesworth yesterday

      In 2015 soaring interest triggered an explosion of new digital currencies of variable quality. Scams proliferated. The debate began to Balkanise. By 2017 — when the price of bitcoin took off like a rocket, going from under $1,000 per “coin” to almost $20,000 — early discussion had calcified into rigid dogma that bore little relation to reality. Bitcoin and its zealots were the strongest example of this, DeRose felt.

      “If you look online at ‘what is bitcoin’, what you’ll see is a gigantic amount of literature and decontextualised media snippets that paint a beautiful picture of the imminent success and domination that is surely awaiting us,” he says.

      “However, if you look at bitcoin off the screen, what you’ll see is declining merchant uptake, zero evidence of blockchain deployment or efficiency, and mostly just a lot of promotional events offering cures to whatever ails you.”

      DeRose is not alone in his disillusionment. Cryptocurrency has over the past decade become a broad movement with its own language and symbols, driven by a constellation of prophets with varied but overlapping gospels, who treat both external and internal dissent as blasphemy and promise adherents that they form the intellectual vanguard to a bright new future. Sound familiar?

      The definition of a cult isn’t cut and dry. Scholars, civil society groups and anti-cult counsellors offer varying and at times contradictory criteria, and the line between cult activity and mainstream religion can be vanishingly thin.

      Most groups identified as cults feature a single charismatic leader, something that the crypto world lacks. But many other classic hallmarks of culthood — apocalypticism, the promise of utopia for worthy believers, shunning of external critics and vitriolic denouncement of heretical insiders — are increasingly dominant.

      “Crypto is essentially an economic cult that taps into very base human instincts of fear, greed and tribalism, combined with economic illiteracy as a means to recruit more greater fools to pile money into what looks like a weird, novel digital variant of a pyramid scheme,” argues Stephen Diehl, a crypto-sceptic software engineer. “Although, it’s all very strange because it’s truly difficult to see where the self-aware scams, true believers and performance art begin and end. Crypto is a bizarre synthesis of all three.”

      Given the global financial system’s growing exposure to digital currencies, the culture around crypto, how much or little it changes, could have major consequences for retail investors, central banks and the environment.

      Crypto’s most ardent proponents predict it will eradicate inequality, wipe out corruption and create untold wealth. Most cults make similarly expansive promises. And as the gulf between promise and reality grows, things get dark.

    2. There seems to be little practical difference between cryptozealots and real estate investors. Both are cults whose primary purpose is to help Powell bux find a path to money heaven.

  21. It was a good week, I tuned 13 and…

    US Top 40 Singles Week Ending 13th October, 1973

    DEBUTS THIS WEEK

    83 — D’YER MAK’ER –•– Led Zeppelin (Atlantic)-1 (83)
    86 — THE JOKER –•– The Steve Miller Band (Capitol)-1 (86)
    88 — DREAM ON –•– Aerosmith (Columbia)-1 (88)

    https://youtu.be/8q4lZ8wpGMM

    1. I don’t acknowledge Biden , Fauci, or all the other criminal gang of Innsurrectist murderers as anything but gangsters that are trying to harm the US and the Citizens. They are a Fraudulent Dictorship with their fake and censored news.

      Yep, the Globalist Monopolies that corrupted Government to implement their outrageous take over of US and other Countries , have shown how destructive , murderous and fraudulent they are , along with being insane psychopaths.
      No help from the Swamp in DC , where the power balance was a result of the rigged election.
      Only option is the People have to object and not comply with what these really creepy insane power hungry , treasonous , anti human Entities are trying to pull off.

      Clearly the enemy that needs to be defeated before their horrific plans materialize, and they turn people into slaves without choice of what’s injected in their bodies, or any other choice or freedoms.

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