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As Usual, An Exhilarating High Is Almost Always Followed By A Steep Fall

A weekend topic starting with Quartz. “The press has noted that more than 6 million homes may be sold this year, more than any time since 2006. For those familiar with real estate busts, this may be an ominous sign. Economists argue his time is different. Tight supply and rising demand—not lax lending standards—are driving the current boom. Jeff Taylor, a former board member at the Mortgage Bankers Association, says that loan products and underwriting guidelines no longer allow for borrowers to take as much risk. ‘There is a lot of skin in the game and ability to repay is a large consideration,’ he says.”

The Globe and Mail in Canada. “The real estate frenzy on both sides of the border has been one of the more peculiar side effects of the pandemic and its accompanying economic shock. Mass fiscal stimulus meant that, for many households, finances actually improved. And crisis-level interest rates made mortgages as cheap as they get. By the summer of 2020, the rising tide in housing elevated virtually everything even peripherally connected to real estate.”

“Starting from the time the stock market bottomed out in March, 2020, Real Matters shares more than tripled over roughly the next five months. Around that time, the company said one of its biggest constraints to growth was U.S. lenders couldn’t get money out the door quickly enough.”

The Sun News. “Property values in northeast Indiana have been rising rapidly in recent years, with assessments for homes and land jumping far beyond typical year-to-year increases. ‘We have a lot more offers on homes when they go on the market, where it becomes a bidding war,’ said Kendallville-based Hosler Realty co-owner Jennifer Streich. ‘You have buyers that are willing to forego their inspections and even writing in that they’re willing to pay over appraisal value. Without needing the checks and balances, that increases the issues with houses selling for more.'”

“‘When someone’s desperate for a house, they’re willing to do that,’ Streich said.”

From WFLX on South Florida. “In 2007, John and Ria Parlante took a break from the fluctuating climate in New York for more favorable weather and real estate investments. ‘It’s hard to pull the trigger on something that you could have bought many years ago for a third of the price,’ Ria Parlante said. ‘We recently bought (property) as little as about two weeks ago and we ended up paying almost $1.5 million for a similar property that almost eight years ago you could have got for $500,000 to $600,000,’ added John Parlante.”

The Montana Free Press. “Home prices have spiked in Whitefish. In October 2019, the median sales price in Whitefish was $410,000. Two years later, in October 2021, it had jumped to $782,000. Similar price spikes are being seen across the Flathead Valley, including in Kalispell and Columbia Falls, places that have long been regarded as affordable alternatives to Whitefish.”

“Another issue is the proliferation of short-term rentals. In 2014, there were just 31 short-term rentals in the 59937 zip code, which includes all of Whitefish. Now there are more than 1,000, according to AirDNA.”

The Gilbert Sun News in Arizona. “With active listing counts down by 7 percent in Gilbert year over year, Zillow reporting much of its inventory from their failed iBuying program going to large market investors who intend to keep the properties as rentals. Prices rising more than 27 percent year over year is difficult to swallow. While inventory is low, we are watching things like increasing interest rates, lack of affordability, potential for slower population growth or household formation and the max conventional loan limit increasing for the sixth year in a row to $625,000 for conventional financing.”

From Colorado Biz Magazine. “As home prices spiraled ever upward in Denver and every other city on the Front Range, many homebuyers looked east. They found bang for their buck along with elbow room to spare in communities like Bennett, Limon and Fort Morgan. ‘It’s been crazy,’ says Timothy Andersen, broker-owner at Gordon Real Estate Group in Limon, 90 miles southeast of Denver via I-70. ‘We’re seeing it not only in Limon, but we’re also seeing it in Fort Morgan, Wiggins, as far northeast as Sterling. It’s a 100- to 150-mile radius from Denver, mainly to the east and northeast.'”

“Sterling, for the record, is 126 miles northeast of Denver, meaning commuters would spend about four hours driving to and from work.”

The Petoskey News Review. “We are experiencing a hot real estate market in Northern Michigan and home prices are on the rise. In some areas of the country, however, the sale prices are just crazy. Here are some eye-popping numbers for you — California’s median price (half the prices above, half below) of a single home residence is $827,940, up 17 percent from last year. In LA County, it’s $830,700 and in San Francisco, $1.85 million. Yeah, $1.85 million.”

“So Californians are flocking to the ‘Inland Empire,’ a 27,000-square-mile swatch of land running from the LA County line to Nevada and Arizona. Median home price – a measly $570,000. Austin, Texas, is at $588,000 median price. The price is up 35 percent from last year, compared to Boise, Idaho, at 46 percent, Phoenix at 36, Salt Lake City at 33 and Sacramento at 28.”

“Do I know workers who live inside the city limits of Harbor? Sure — and they all bought or built their homes long, long ago before Harbor was ‘discovered’ by those with money burning a hole in their pocket. Petoskey is headed that way, with listings deep into six figures and some topping $1 million. Housing stock below $200,000 is a pipe dream.”

From Domain News in Australia. “How did Melbourne’s housing market become Millionaire’s Row? Across Victoria, 29 per cent of all suburbs now have a median house price of at least $1 million, and Melbourne’s median house price is almost $1.038 million, Domain data shows. Marshall White’s Marcus Chiminello has been in the industry for 20 years, but said the days of buying a mansion for $1 million were before his time.”

“By the early 2000s, $1 million would have bought ‘quite a nice home’ in parts of Camberwell or Glen Iris. ‘I’m selling homes today for $10 million, or $15 million or $20 million that even 20 years ago were selling for one, two or three million,’ he said. ‘Five, six years ago if you had $10 million to $15 million to spend in Toorak, you had an expectation you were getting a tennis court home. Today, under $20 million, it doesn’t exist.'”

The Globe and Mail in Canada. “Housing is hot – again. Across the country, in cities big and small, prices are surging after a summer lull. Here are some numbers that document what’s happening. The average price Yukon price was $542,515 last month, up almost $86,000 from $456,771 in the same month in 2020. Could this be British Columbia’s rising price trend spreading north?”

The Conversation Canada. “A chorus of voices perpetuate the argument that the primary cause of skyrocketing house prices is lack of supply. This ‘lack of supply’ view draws on basic Economics 101 textbooks, where using the example of widgets and a simple supply and demand curve, an increase in supply causes a reduction in price. Nationally between 2006 and 2016, Canada added 1.636 million households and built 1.919 million new homes. So, on average, almost 30,000 extra homes were constructed each year compared to the increase in the number of households.”

“In Vancouver, new construction exceeded household growth by 19 per cent. In Toronto it was one per cent, and Ottawa fell short of household growth by four per cent. So, in theory, between 2006 and 2016, we should have seen the greatest price growth in Ottawa and less price pressure in Vancouver. But prices increased by 93 per cent and 96 per cent in Vancouver and Toronto respectively, but by only 47 per cent in Ottawa.”

“Expanded supply will do nothing to stall or slow price growth, especially given the demand from buyers with accumulated wealth seeking properties in these locations. More supply, therefore, doesn’t mean lower prices.”

From Punch. “At the moment, several distressed Nigerians have retreated to the confines of their homes to lick their wounds after investing billions of naira in fraudulent financial schemes advertised with promises of bogus interest rates. Fronting physical offices with handy staff members and brandishing certificates engraved with logos of relevant regulatory agencies to appear legitimate, the promoters of the schemes have over the years, lured Nigerians with promises of unrealistic RoI.”

“As usual, an exhilarating high is almost always followed by a steep fall for those who fall prey, as they end up losing everything. Operators of these schemes thrive on people’s trust and greed to strip them of their life savings or retirement benefits as retirees have more often than not fallen victim to their dubious ploy. Victims are plunged into perpetual poverty, while those that borrowed to key into what they are brainwashed to believe are once in a lifetime, larger than life business opportunities, become indebted.”

“Ponzi schemes have continued to spread across nations, especially in developing countries with low per capita income like Nigeria, where the poverty and unemployment rates are high. As time passed and with people becoming aware of the antics of the operators, ingenuity went into play and others crept up under the guise of real estate, agriculture, medicine and tech, among others.”

“Social critics and financial analysts have averred that the alarming proliferation of fraudulent investment platforms in recent times and the scramble to key into them were invariably linked to greed, which is most times fuelled by unemployment and poverty. According to th Chairman, Health Assur Limited, Abimbade Adeshina, technically, people who invest in unregistered schemes with unrealistic RoI are driven b greed. ‘Those going into it do so due to greed. When you meet your waterloo, you are on your own,’ the stockbroker added.”

“Obiora Okoro, a retiree and victim of Sam Afolabi’s Eatrich Farms scheme, said he invested due to the desire to make good money effortlessly, SEC and CBN cannot be absolved of the blame. ‘They allowed these scammers to operate and wreak lives. They have an oversight function to perform by ensuring proper monitoring of investment schemes and money managers. Losing one million naira out of my retirement benefit has drained me of the will to live,’ he lamented.”

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This Post Has 87 Comments

  1. Fox News — Florida reports lowest daily coronavirus cases per capita in nation (11/26/2021):

    “Florida is reporting the lowest amount of coronavirus cases per capita in the nation after Gov. Ron DeSantis was widely criticized by media outlets for his handling of the virus.

    The Sunshine State reported a daily average of 1,393 coronavirus cases as of Friday, six per 100,000, which was a two percent decrease over the last two weeks.”

    Breitbart — Blue States Experience Massive Coronavirus Surge in Last Two Weeks (11/26/2021):

    “Blue states, some of which had the most restrictive requirements in the country throughout the Chinese coronavirus pandemic, are experiencing massive surges of the virus as the holiday season arrives, prompting some to reimplement mitigation strategies and keep others in place.

    Michigan is reporting one of the biggest surges in the nation, experiencing a daily average of 8,457 cases, or 85 per 100,000, according to the New York Times‘ tracker. That reflects an 88 percent increase in cases in the last 14 days alone. This week, the federal government agreed to Gov. Gretchen Whitmer’s (D) request to send “two medical teams to local hospitals to relive doctors and nurses as they treat COVID-19 and other patients” amid the surge.

    Pennsylvania, under Gov. Tom Wolf’s (D) leadership, is seeing a daily average of 6,251 cases, or 49 per 100,000. That reflects an increase of 40 percent over the last two weeks as well.

    Similarly, Gov. Kathy Hochul’s (D) New York is reporting a daily average of 6,666 cases, or 34 per capita. That reflects an increase of 37 percent in the last 14 days.

    While neighboring New Jersey is faring slightly better, reporting 25 cases per 100,000, or a daily average of 2,183 cases, that still reflects an increase of 61 percent over the same time period.

    Meanwhile, Illinois, one of the few states with a statewide mask mandate in place, is reporting a daily average of 4,661 cases, or 34 per 100,000. That reflects an increase of 86 percent in the last two weeks.”

    The vaccine *IS* the virus.

    Anybody who takes a third “booster shot” of this MRNA poison should expect to be dead within 6 months…

    1. Steve Kirsch Newsletter — PROOF: COVID vaccines cause prion diseases (11/26/2021):

      “Twitter suspended my account (likely forever since there is no appeal) due to one post on prion diseases. Here’s the information they wanted to make sure you NEVER find out.

      There is no doubt the mRNA vaccines are causing prion diseases. People didn’t have these diseases before the shot and suddenly they develop them after the shot. There is no other explanation for this. None of the “fact checkers” can explain the cause of the excess rates. Prion diseases are incurable and always fatal. You can die as soon as 6 weeks after COVID vaccination (see within 6 weeks and within 6 months examples).

      However, Twitter believes this is not true, but they refuse to tell anyone why they think that. Other fact checkers who have checked this out never did a VAERS query and are unable to explain away the “excess” number of reports other than doing a blanket dismissal that everything in VAERS is fraudulent without providing any evidence of that claim (other than one report out of 1.6M reports).

      Obviously, Twitter fact-checkers (all of whom I presume must have PhD degrees or MD degrees to be able to assess my claims) were able to quickly read all the medical literature and determine without a doubt I made an error and should be terminated for making a mistake. But they won’t tell me the mistake!!

      If they want to fight misinformation, why aren’t they posting a link to their research proving me wrong when they terminate the account? They obviously invested hours of time in the research before they terminated me. Why not provide a link to that research so everyone can learn from it including me??”

      https://stevekirsch.substack.com/p/proof-covid-vaccines-cause-prion

      1. More from Steve Kirsch.

        UK data shows the vaccines are NOT saving any lives at all (11/22/2021):

        “My good friend Mathew Crawford is an amazing statistician. He’s one of the smartest people I know.

        He just published a new analysis on his substack showing that the UK data show that the COVID vaccines aren’t saving any lives at all. It’s all statistical noise as shown in the graph below from his article.

        Mathew’s work really shouldn’t come as a surprise. It certainly wasn’t a surprise to me. Norman Fenton pointed out two months ago that the UK data shows that vaccinated people are dying at a greater rate than the unvaccinated (even after adjusting for age).

        More recently, Fenton showed that with a simple time skew of deaths, we can make the vaccines look extremely effective even if they do absolutely nothing (paper and video). Fenton’s conclusion: we currently have no real evidence that the vaccines work.

        So now we have two statisticians that I have very high respect for claiming the vaccines are, at best, not saving any lives.

        And for some odd reason, nobody wants to challenge them in a live video debate. I can’t figure that one out.

        We are mandating a vaccine which basically kills ~ 800 people per million fully vaccinated”

        https://stevekirsch.substack.com/p/uk-data-shows-the-vaccines-are-not

        Significantly elevated cardiac risk caused by the vaccines justifies an immediate halt (11/25/2021):

        “The findings of a paper published recently in Circulation have been confirmed both in VAERS and by other researchers. There isn’t any other explanation that fits the fact pattern other than the vaccines are causing this rise.

        We should expect the medical community to ignore this since medicine isn’t science driven anymore (it is narrative driven). It doesn’t matter how deadly the vaccine are; they will not be stopped.

        https://stevekirsch.substack.com/p/significantly-elevated-cardiac-risk

        1. If you’re going to trade on your “medical degree” you’d better list the school, a residency, and/a graduation year. Mannarino’s own bio says only “medical degree” with no specifics. Red flag. Other sources sites that he was a PA. In other words, he’s just smart enough to make his nonsense very believable.

          1. You obviously didn’t watch the video. Greg wasn’t the one interviewed, the doctor was. Nice try. The only sharing any “nonsense” was you in your post above.

    2. Sponsored content propaganda from the Daily Beast (Archive link provided to deny clicks and revenue to globalists).

      We Screwed Up, This is Really a Three-Dose Vaccine (11/26/2021):

      “Now there’s a consensus forming among experts that the initial two doses of mRNA aren’t enough on their own. A booster shot isn’t just a good idea for a select few with weak immune systems or jobs that expose them to unvaccinated people. Boosters should be standard for everyone.

      In other words, the mRNA vaccines aren’t really two-dose vaccines—at least not the way we’ve been administering them. “Science is telling us we need three doses,” Ali Mokdad, a professor of health metrics sciences at the University of Washington Institute for Health, told The Daily Beast.

      For that reason, “booster” is the wrong word to describe the third shot of mRNA, Mokdad said. “I don’t like to call it a booster. It’s the third dose.”

      The problem is that, in most countries, health authorities aren’t communicating that idea to the public. In many countries where the mRNA vaccines account for a significant proportion of jabs, officials continue to frame third shots as optional add-ons rather than the last dose in a three-dose regimen.”

      https://archive.md/ygzbl

      A consensus forming? Why, yes, there is a consensus forming. A Consensus that these globalists will be subject to arrest, followed by Nuremberg Trials for genocidal crimes against humanity, and summarily convicted and marched out into the courtyard to have their heads separated from their bodies.

      We are talking to you, globalists…

    3. If you watch only one video this weekend, this should be the one. #FJB

      They need your children! A new financial reset is imminent.

      https://www.youtube.com/watch?v=u11I8Jh-CsM&t=129s

      Melissa Ciummei, a financial investor from Northern Ireland, has serious concerns that injection passports will be used more like data passports to control participation in society.

      1. From the chat:

        ‘As we’re on a final warning from Facebook, this interview could lead to our permanent removal.’

        The day of the rope is coming.

          1. Since when do I need Big Brother’s permission to “participate in society”? It’s astonishing how far down the road to tyranny we are, and how most of the sheeple have meekly acquiesced to the loss of their rights and liberties. #FJB

        2. I love hearing our blog host talking about ropes 🙂

          I just finished reading Frank McDonough’s “The Hitler Years — Triumph, 1933-1939” and started reading Niall Ferguson’s “The War Of The World — Twentieth-Century Conflict and the Descent of the West” and both of these books contain valuable lessons about what can happen when alleged democratic societies turn into authoritarian regimes.

          Globalists, remember, you were never elected to govern anything. You are attempting to enact a genocide under the guise of public health and safety.

          What happened in Nuremburg, 1946 is what will happen to you…

      1. https://vimeo.com/649173020 (1m6s):

        In July 2021, a team from the University of Pittsburgh put out a study showing that differentiating between regions in North America reveals a much stronger seasonal pattern. By analyzing daily Covid-19 case data across the continental United States in comparison to seasonal temperature change patterns, they were able to show that covid-19 cases swept across the United States in three distinct wave patterns that have so far repeated in 2021: the first one starting in the North East during the spring, the second beginning in the south during the summer, and the third sweeping across the north in the fall until peaking during the coldest months of the year in December 2020 and January 2021.

        https://www.medrxiv.org/content/10.1101/2021.06.29.21259726v1.full-text

        https://www.theatlantic.com/health/archive/2021/11/covid-seasonal-winter/620766/

      2. Seasonality is only a small part of the puzzle. The authors of the paper you cite admit this themselves:

        Some studies support the effect of social-distancing measures… closing schools … stay-at-home orders…mask wearing. Other factors can affect the state-by-state intensity patterns too, including travel, population density and demographics, viral variants, vaccine coverage. A proper causal analysis for the COVID-19 waves should include all these factors, and their interactions. Our hope is that this spatiotemporal framework will contribute to such definitive analyses.

        In addition to environmental variables and human behavior variables, you can add the different virus variants, inconsistent testing and reporting, and vaccines which started as effective but faded later. And that’s only in the United States. You can’t even compare to hotter countries because they have sketchy testing and reporting.

        In other words, you can’t simply say “it’s just seasonality.” There are too many variables to ever nail this down.

        1. this spatiotemporal framework

          Beware the use of fancy words. The Bold type ones especially.

          Symptoms of cult membership being exhibited.

          1. So who’s culting who again? I’m pointing out that this paper, while it’s good for what it is, is only a small piece of the total picture.

          2. “Beware the use of fancy words. The Bold type ones especially.”

            Use of lofty words are the first and obvious sign someone is talking like a man with a paper @sshole.

  2. ‘the stock market bottomed out in March, 2020, Real Matters shares more than tripled over roughly the next five months. Around that time, the company said one of its biggest constraints to growth was U.S. lenders couldn’t get money out the door quickly enough’

    That’s some rock solid lending right there.

    A few of these articles are some weeks old, which is something I don’t usually do. But I hang of to what I think is significant in case I gather a topic like this. The REIC has been shoveling money at shacks for a while:

    ‘the max conventional loan limit increasing for the sixth year in a row to $625,000 for conventional financing’

    So they’ll claim there’s no subprime. I’d bet not but a few percent of these $600k “conventional” loans are prime.

    Prime loans were over 95% of defaults last decade. The common denominator of defaults then was when they borrowed: meaning at the peak.

    1. The common denominator of defaults is debt/income ratio of approved mortgages. Timing is only secondarily relevant.

      3. In my neighborhood in SoCal, the area with the most foreclosures (by far) in the last bubble was the community built between 2004-2006. Not a coincidence. These were multi-million dollar houses back then.

    1. her to mask up’
      It looks like the altercation takes place outside. (is that right?) Who in their right mind would tell some random stranger outside on the street to “mask up?”

  4. Economists argue his time is different. Tight supply and rising demand—not lax lending standards—are driving the current boom.

    These REIC touts & shills ALWAYS bleat that it’s different this time, right up until the cascading defaults begin.

  5. ‘You have buyers that are willing to forego their inspections and even writing in that they’re willing to pay over appraisal value.

    A year from now the tales of woe from these “victims” will be filling every newspaper and network news channel.

    1. “they’re willing to pay over appraisal value.”

      ….with borrowed money.

      Best advice? Call your attorney.

  6. “From Punch. “At the moment, several distressed Nigerians have retreated to the confines of their homes to lick their wounds after investing billions of naira in fraudulent financial schemes advertised with promises of bogus interest rates.”

    Oh well. Easy come, easy go.
    Does this mean there will be an uptick in Nigerian lottery emails?

  7. ‘Sterling, for the record, is 126 miles northeast of Denver, meaning commuters would spend about four hours driving to and from work’

    As I’ve said, there is no fresh hell we won’t revisit.

    ‘We are experiencing a hot real estate market in Northern Michigan and home prices are on the rise…Do I know workers who live inside the city limits of Harbor? Sure — and they all bought or built their homes long, long ago before Harbor was ‘discovered’ by those with money burning a hole in their pocket. Petoskey is headed that way, with listings deep into six figures and some topping $1 million. Housing stock below $200,000 is a pipe dream’

    It used to be only dumb Californians or Boston/NYC would buy into this. Now the madness is working it’s way into small sh$tholes everywhere.

    ‘In some areas of the country, however, the sale prices are just crazy. Here are some eye-popping numbers for you — California’s median price (half the prices above, half below) of a single home residence is $827,940, up 17 percent from last year. In LA County, it’s $830,700 and in San Francisco, $1.85 million. Yeah, $1.85 million.”

    ‘the ‘Inland Empire,’ a 27,000-square-mile swatch of land running from the LA County line to Nevada and Arizona. Median home price – a measly $570,000. Austin, Texas, is at $588,000 median price. The price is up 35 percent from last year, compared to Boise, Idaho, at 46 percent, Phoenix at 36, Salt Lake City at 33 and Sacramento at 28’

    These percentage increases are bat sh$t crazy and the central banks know it.

    1. Maybe they all thought they could work from home forever?

      I was just discussing this with a friend. Those work-from-home employees had better be really productive. With everything cloud-based, remote workers would be the easiest lay off or outsource. No difficult conversations, no tears, no packing of boxes, no escorting out. You simply send one email. Then cut off their access to the cloud, effectively bricking their cheap work laptop from afar. Do the rest by snail mail.

    2. Sterling, for the record, is 126 miles northeast of Denver

      I’ve been to Sterling. Who in his right mind would want to move there?

    3. Median wage (married couple) in SoUtah is still around $40K which is pretty much the same as it was 15 years ago. Last bubble the median house sales price here rose to $325,000.00.

      “The median sales price for a single-family home in Washington County during July was $485,000. That’s an increase of 23.1% compared with July 2020, according to data from Realtor.com.

      The number of houses sold fell by 29.8% from a year earlier. A total of 205 houses were sold county-wide during the month of July. During the same period a year earlier, 292 single-family homes were sold”.

      https://www.thespectrum.com/story/news/2021/11/19/gda-average-home-prices-20211119-ut-pstg-49053/49402629/

    4. “The price is up 35 percent from last year…”

      These “ginned-up” price increases allow Cash Out refinancing so that debtors can make their mortgage payments, a virtuous circle.

      And with the federal reserve acting as the croupier, e.g., buying $40-billion per month of 30-yr, 2% MBS products there is little downside risk for the players.

  8. ‘In October 2019, the median sales price in Whitefish was $410,000. Two years later, in October 2021, it had jumped to $782,000. Similar price spikes are being seen across the Flathead Valley’

    Well they certainly are running out of vast swaths of empty land in Montana. What’s the median income in Whitefish?

    Whitefish/Population/Median Income

    30,344 USD (2019)

    ‘The largest industries in Whitefish, MT are Accommodation & Food Services (985 people), Health Care & Social Assistance (675 people), and Professional, Scientific, & Technical Services (306 people), and the highest paying industries are Information ($66,000), Real Estate & Rental & Leasing ($61,356)…’

    1. ‘The average price Yukon price was $542,515 last month, up almost $86,000 from $456,771 in the same month in 2020. Could this be British Columbia’s rising price trend spreading north?’

      Yeah, yer catching up to Vancouver.

      ‘How cold is Yukon in winter?

      Temperatures can drop to -40°C with daily highs of -13°C

  9. The globalists and their Democrat-Bolshevik Quislings and media shills have a PR problem as millions of people can see with their own eyes what happens to law & order when commies are running city hall & Soros plants in the DA’s office are cheering on the criminal element.

    Los Angeles-area looters target Home Depot, Bottega Veneta stores on Black Friday: reports

    https://www.foxnews.com/us/los-angeles-looters-home-depot-bottega-veneta-black-friday-smash-grab-flash-mob-robberies

    Tools stolen Friday from a Home Depot store — such as crowbars, mallets and sledgehammers — will likely be used in future crimes, authorities fear

    1. Real Journalists.

      Make sure you always use the term “youths” or “students” when referring to these merchandise liberators.

    2. Tools stolen Friday from a Home Depot store — such as crowbars, mallets and sledgehammers — will likely be used in future crimes, authorities fear

      Now that’s funny!

  11. The globalists have launched a concerted campaign to censor and silence truth-tellers and suppress all challenges to The Narrative. Getting under your skin, are we, globalist scum?

    Hillary bemoans lack of media ‘gatekeepers’ and spread of ‘disinformation’

    https://www.americanthinker.com/blog/2021/11/hillary_bemoans_lack_of_media_gatekeepers_and_spread_of_disinformation.html

    Hillary Clinton is emerging from the shadows and pimping censorship as the solution to the Democrats’ ills. All this is taking place just as talk builds of Kamala Harris’s disastrous performance as veep and the Democrats’ terrible presidential electoral prospects in 2024. Hillary’s never conceded the 2016 election, and the lust for power she’s exhibited in the past appears unabated. Something is going on that brings her back to the public spotlight.

    She appeared with Rachel Maddow the past week and managed to compliment Joe Biden and push for censorship. In the following four-and-a-half-minute segment, she even turned a complaint from Maddow about YouTube censoring videos in Russia at the behest of the political authorities there into a what sounds like a plea for such censorship here, in the guise of fighting “disinformation” that has prevented Joe Biden from getting all the credit he deserves. Seriously: she actually said that.

  13. ‘They allowed these scammers to operate and wreak lives. They have an oversight function to perform by ensuring proper monitoring of investment schemes and money managers.

    Sounds like Nigeria’s regulators & enforcers are as captured & corrupt as our own.

      1. It’s a female security guard. That was mistake #1, despite what Marvel Comics would have you believe.

        2. Not much has changed in the black community since the SLA forced Hearst to hand out free food in Los Angeles, and the blacks had food fights, throwing it each other!

  16. The Waukesha, Wisconsin vehicular homicide mass murder story has *VANISHED* from all corporate media, as I correctly predicted.

    New York Times, Washington Post, CNN, the Guardian have zero reporting of this incident or its aftermath on any of their websites.

    The murderer is a black male with an extensive, documented history of anti-white racism on his social media.

    President Donald J. Trump was, in fact, 100% correct when he stated that “the media is the enemy of the American people.”

    1. A lot of the injured were members of Waukesha’s Latino community. That community has a lower tolerance for vibrancy than most Lutheran libtards in WI & MN.

    2. If your neighbor is a journalist a 3AM B&E would help the world immensely. Be sure to use gloves and a pillow as a silencer.

    1. “Voters couldn’t name anything that Democrats had done … most of the Biden voters they spoke with “could not articulate what Democrats stand for”

      What they’ve done and what they stand for?

      Medical tyranny
      Lockdowns
      Hyperinflation
      Open borders
      Anti-white racism
      Anti-Americanism
      Legalization of shoplifting
      Mutilating children’s bodies
      Rape and pedophilia
      The total abdication of American national sovereignty

      That’s just ten. I could go all day, because the amount of damage they’ve done to this country is incalculable…

  18. Australia is the template for where the globalists & their Quislings want to take all the western democracies. The globalist media lies, half-truths, and omissions when it comes to reporting on rising popular resistance to tyranny tell their own kind of truth.

    Huge crowds attend vaccine mandate protests in Sydney and Melbourne

    https://www.news.com.au/world/coronavirus/australia/vaccine-mandate-protests-planned-across-australia-featuring-pauline-hanson/news-story/f7ee8a4851b41fbccbaa89134c1afb86

    Thousands of ‘freedom’ protesters, including some controversial politicians, descended on cities across Australia on Saturday to rally against vaccine mandates.

    Huge crowds of protesters descended on central Melbourne and Sydney on Saturday as part of organised rallies across the country against mandatory vaccinations.

    The Millions March Against Mandatory Vaccination group organised protests on Saturday in 30 cities and towns across Australia.

    1. There’s a limit to how long the central banks will tolerate the existence of rival counterfeiters. Once the Fed, ECB, etc. roll out their own Digital currencies, they will move at once to outlaw all these worthless digital tokens that have sprung up in recent years.

  20. I heard about the latest flash mob cleaning out a store this morning. This time a Home Depot, and they cleaned out sledgehammers and the like: https://ktla.com/news/local-news/smash-and-grab-crew-steals-tools-from-lakewood-home-depot-sheriffs-department/

    Usually, when I see predatory crime, I think that’s unjust and it should be stopped. But I see so many instances of official predatory injustice, people helping themselves to national wealth through the money printer, from financial repression and crushing interest rates, to seigniorage, to insider trading by politicians, to funneling purchasing power from one group to another.

    And THEN, I hear high profile economists like Krugman saying “Economics is not a morality play”: https://www.google.com/search?q=krugman+economics+not+a+morality+play – they’re screwing you to help you. Talk about gaslighting (economics has a large moral component by the way, because it deals with human suffering and effort).

    And then I think, who is being harmed by the flash mobs? The large, politically connected company? Lots of people are getting nicked and a few being helped, like how it works with economic policy.

    I’m actually a law and order type. I’m outraged by injustice. But if at the very top of the society, they’re institutionalizing injustice… and these mobs are simply carrying out a redistribution of value, as is done as a matter of policy at the top… if someone like me is not outraged by these flash mobs after a moment’s thought and instead my attitude is to get the popcorn… that cannot be good for the society. As long as individuals are not being physically harmed, and the PTB believe economics is not a morality play, and people like me are on the receiving end of that – well, why should I care?

    However…corruption – officially sanction or unofficial – is how societies crumble.

    1. And THEN, I hear high profile economists like Krugman saying “Economics is not a morality play”:

      http://personalliberty.com/socialism-is-an-immoral-system/
      Socialism is an immoral system
      Posted on May 9, 2016 by Bob Livingston

      There is a silent marriage between big government and big business. It exists around the world. It’s called fascism, or was in Italy, though we have the same thing.

      All governments are fronts for monopoly capitalism, and monopoly capitalism has many names: fascism, socialism, communism and democracy. Big business has and will promote every ideology and philosophy known to man to disguise its madness for profits. But one equals the other. They are all immoral systems that use the power of government to exist and to suppress human freedom.

      The only moral system is laissez-faire capitalism; the system in which transactions between private parties are free from government interference. It was American free market capitalism that fueled the growth of the U.S. economic engine beginning in the 1800s and raised the standard of living around the globe, before monopoly capitalism began to exert greater and greater control over the U.S. economic system beginning in the mid-1800s and accelerated after the creation of the Federal Reserve in 1913.

      Sadly, it’s not just the progressive left and ignorant millennials that oppose free market capitalism. In any discussion forum where laissez-faire capitalism is discussed, “conservatives” are quick to make the disclaimer that “we must have some regulation” or, “we can’t have unfettered capitalism.” In truth, most so-called conservatives are really closet socialists. This is a testament to the powerful propaganda we are subjected to.

      In 1993, C. Bradley Thompson, then assistant professor of political science at Ashland University, described the immorality of socialism and the morality of capitalism as well as anyone I’ve read. This should be shared with anyone you know – particularly young people who are victims of the public (non)education system — who has bought the lie that capitalism is a failed system and has embraced conventional wisdom and Sanders’ false paradigm:

      Socialism vs. capitalism: Which is the moral system?

      Throughout history there have been two basic forms of social organization: collectivism and individualism. In the twentieth-century collectivism has taken many forms: socialism, fascism, Nazism, welfare-statism and communism are its more notable variations. The only social system commensurate with individualism is laissez-faire capitalism.

      The extraordinary level of material prosperity achieved by the capitalist system over the course of the last two-hundred years is a matter of historical record. But very few people are willing to defend capitalism as morally uplifting.

      It is fashionable among college professors, journalists, and politicians these days to sneer at the free-enterprise system. They tell us that capitalism is base, callous, exploitative, dehumanizing, alienating, and ultimately enslaving.

      The intellectuals’ mantra runs something like this: In theory socialism is the morally superior social system despite its dismal record of failure in the real world. Capitalism, by contrast, is a morally bankrupt system despite the extraordinary prosperity it has created. In other words, capitalism at best, can only be defended on pragmatic grounds. We tolerate it because it works.

      Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

      The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another’s wealth but also the desire to see another’s wealth lowered to the level of one’s own. Socialism’s teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Benito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: “Common good comes before private good.” Fascism, said Mussolini, is “a life in which the individual, through the sacrifice of his own private interests… realizes that completely spiritual existence in which his value as a man lies.”

      Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

      “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” – Winston Churchill

      “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” – Winston Churchill

      – Now you know why Obama hated Churchill so much.

      – “Socialism is Western Civilization in retrograde.” – I said that

      – For those wishing to fully embrace Socialism and experience its many joys, I recommend to permanently emigrate to any one of those bastions of utopian living, such as Venezuela, Cuba, North Korea, China. For a more temporary experience, please visit any blue state or blue city in the U.S., aka third-world sh*thole in the making. Seriously.

  21. Since the CCP encouraged speculative malinvestment on a grand scale as a matter of policy, it’s only fitting that they are left picking up the pieces after the ABQ Dan miracle economy implodes under the weight of its accumulated debt, fraud, and creative accounting.

    China Evergrande soccer stadium taken over by government -source

    https://www.reuters.com/markets/deals/china-evergrande-soccer-stadium-taken-over-by-government-source-2021-11-26/

    HONG KONG/BEIJING, Nov 26 (Reuters) – A government body has taken over China Evergrande Group’s (3333.HK)soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities.

  22. The Rittenhouse verdict has altered the risk calculus for the Soros scum & their Democrat accomplices.

    https://legalinsurrection.com/2021/11/rittenhouse-verdict-has-leftist-rioters-worried-it-fundamentally-changed-the-culture-of-protest/

    The 2020 antifa/BLM violent crime spree in Democrat-run cities across the nation was not just approved by but was championed by Democrat officials, some of whom dismissively noted that burning down buildings and looting businesses was “righteous” and besides, who cares, anyway, since the businesses are insured.

  23. Fire the unjabbed, then be forced to pay out huge recruiting bonuses (adding to costs of patient care) to help alleviate the resultant shortfalls. Heckova job, globalists.

    Singapore Covid: Private hospital group offers $12,000 referral fee for nurses

    https://www.news.com.au/world/coronavirus/global/singapore-covid-private-hospital-group-offers-12000-referral-fee-for-nurses/news-story/3d27c6c262d2417740baa100e7386841

    The shortage of nurses is being felt all around the world but one hospital group is going to extreme lengths to bring staff back to the profession.

  24. Big Three U.S. Automakers Agree to Not Mandate Vaccines for UAW Union Members – The Last Refuge
    https://theconservativetreehouse.com/blog/2021/11/24/big-three-u-s-automakers-agree-to-not-mandate-vaccines-for-uaw-union-members/

    (snip)

    “A big win for medical privacy and the principles of freedom. Ford, General Motors and Stellantis have agreed the United Auto Workers union members will not be forced to take the mandatory vaccine as a condition of employment. [UAW Announcement] Additionally, the vaccine status of the workers will remain private with a policy of private and voluntary disclosure.

    “UAW – At a meeting Monday evening, the COVID-19 Joint Task Force, comprised of the UAW, Ford, General Motors and Stellantis, has aligned on a policy of voluntary and confidential disclosure of vaccination status for UAW members. Each company will provide additional communication to employees on how, where and when to report their vaccination status.

    “In addition to encouraging members to disclose their vaccination status, the Task Force continues to urge all members, coworkers, and their families to get vaccinated and get booster vaccinations against COVID-19, while understanding that there are personal reasons that may prevent some members from being vaccinated, such as health issues or religious beliefs.

    “After reviewing the status of CDC and OSHA guidelines, the Task Force also decided it is in the best interest of worker safety to continue masks in all worksites at this time. (read more)

    “This helps swing the pendulum back toward the American worker.”

  25. Real Journalists in the failed state of California are being targeted by thugs trying to steal their expensive camera equipment. As usual, descriptions of the perps are not allowed.

    KRON4 security guard dies from injuries after attempted armed robbery

    https://www.kron4.com/news/bay-area/kron4-security-guard-dies-from-injuries-after-attempted-armed-robbery/

    OAKLAND, Calif. (KRON) – KRON4 has learned that the security guard shot in an attempted armed robbery while on assignment with a KRON4 crew has died from his injuries.

    The victim is Kevin Nishita. He leaves behind a wife, two children and three grandchildren. Kevin worked as an armed guard for Star Protection Agency.

  26. “For those familiar with real estate busts, this may be an ominous sign. Economists argue his time is different. Tight supply and rising demand—not lax lending standards—are driving the current boom.”

    Tight supply is due in part to a record influx of corporate investors trying to capture a share of the Fed’s massive infusion of Quantitative Easing into mortgage lending.

    We’ll see whether demand keeps rising after price appreciation continues to morph into a correction, particularly if the Fed makes good on announced plans to wind down its mortgage stimulus program by next summer.

    1. The fear of the new variant?

      I think we’ll just have to wait a couple weeks to see how this omicron thing plays out. For example, how severe is omicron? Are those people who “tested positive” actually getting sick? How much you want to bet they won’t tell us, because they want to push even more vaccines?

      1. There is no new variant. Only another lie for you to get a booster and scare you into wearing a mask alone in your car.

  29. Rockhampton 🇦🇺 man got offered 9k💰to add covid as a cause of death to his terminally ill wife’s death certificate 😱

    https://www.bitchute.com/video/aelpkZqqSRLh/

    1:18, salty language. Two comments:

    ‘Remember all their names, when the trials start for Crimes Against Humanity start give them the names, dates and what they did and said. In the meantime, get rowdy and take back your freedoms and your country or they will kill you all.’

    ‘This is so f-ed up. EVERY SINGLE ONE of the people pushing this bullsh$t along, every willing accomplice, needs to f-ing HANG’

  31. From RFK, Jr.’s #1 Bestseller ‘The Real Anthony Fauci’:

    But Tony Fauci and his partner, Bill Gates, seemed to have a strategy for neutralizing the variant threat. The two men had put billions of taxpayer and tax-deducted dollars into developing an mRNA platform for vaccines that, in theory, would allow them to quickly produce new “boosters” to combat each new “escape variant.”

    This scheme was Big Pharma’s holy grail. Vaccines are one of the rare commercial products that multiply profits by failing. Each new booster doubles the revenues from the initial jab.

    Since NIAID co-owned the mRNA patent, the agency stood to make billions from its coronavirus gambit by producing successive boosters for every new variant; the more, the better!

    Digital version of RFK, Jr.’s #1 Bestseller are on sale for $2.99 until Tuesday November 30:

    https://childrenshealthdefense.org/defender/robert-f-kennedy-jr-the-real-anthony-fauci-bookstores/

  32. “‘You have buyers that are willing to forego their inspections and even writing in that they’re willing to pay over appraisal value. Without needing the checks and balances, that increases the issues with houses selling for more.’”

    There’s some sound lending. Who needs an inspection when real estate always goes up?

    “‘When someone’s desperate for a house, they’re willing to do that,’”

    Today’s desperate buyer is tomorrow’s underwater angry footstamper.

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