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Living In A Collective Delusion Of Money

A weekend topic starting with the Idaho Mountain Express. “In advance of the busy summer tourist season, Ketchum city officials briefly considered allowing a ‘tent city’ on the edge of town to provide temporary housing for workers. In a place where the median sales price of a home was recently pegged at $775,000 and riches abound, some in the community were shocked at the desperation.”

From Bloomberg. “The Bloomberg US Treasury Index has returned minus 2.5% in 2021, poised for the first yearly slump since 2013. In records stretching back to 1974, it’s never fallen two years in a row. With yields still so low by historical standards and the Federal Reserve poised to jack up interest rates to battle inflation, some investors are bracing for more losses this year. ‘There is a first time for anything, and the chances of a second straight negative year for Treasuries is higher given the limited room for yields falling,’ said George Goncalves, head of US macro strategy at MUFG.”

“Another aspect of the Fed’s tightening cycle during 2022 that may well push up long-dated Treasury yields and impair returns is how the central bank manages its vast balance sheet, which has more than doubled in size to nearly $9tn during the pandemic.”

From Politico. “Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years. Thomas Hoenig was the one Fed leader who voted consistently against this course of action, starting in 2010. In doing so, he pitted himself against the Fed’s powerful chair at the time, Ben Bernanke. Hoenig lost his fight.”

“While Hoenig was concerned about inflation, that isn’t what solely what drove him to lodge his string of dissents. The historical record shows that Hoenig was worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else. He also warned that it would suck the Fed into a money-printing quagmire that the central bank would not be able to escape without destabilizing the entire financial system.”

“On all of these points, Hoenig was correct. And on all of these points, he was ignored. We are now living in a world that Hoenig warned about.”

Two reports from the Globe and Mail. “Bank of Canada officials spent much of 2021 assuring people that this period of high inflation would be relatively short-lived. The shape of monetary policy next year could depend to a significant degree on whether Canadians continue to believe this narrative. This situation requires deft communications from the central bank. Inflation has become a major topic of everyday conversation. That provides a volatile backdrop to attempts by the bank to change its narrative about inflation and lay the groundwork for interest-rate hikes, which it expects to begin in the middle quarters of next year.”

“As he launched into a spirited defence of the massive economic stimulus the Bank of Canada and the federal government have provided during the COVID-19 pandemic, Stephen Poloz leaned on two of his favourite weapons. The metaphor – an explanatory tool for which he became famous during his seven years as Bank of Canada governor, from 2013 to 2020. And the photon torpedo. ‘When you’re using your photon torpedoes to counter the black hole that’s drawing the Enterprise in, you don’t send out one or two. You use as many as you think will, for sure, get it done,’ Mr. Poloz said. ‘When it’s done, you say, ‘There, we’re out of it, we’re good now. Let’s get back on course.’”

“‘Some of the forces that [Galbraith] was wrestling with are present again, and some of them are reversed – the big one being demographics,’ he added. ‘One of the big things that was disrupting the 1970s was the arrival of people like me into the work force, from the baby boom. Now, one of the things that will disrupt it is our exit. This sort of 50-year experiment – economic growth and interest rates and so on were boosted for 50 years. Most of us think of that as normal, that 50-year period, but actually, it was quite abnormal, in the broad sweep of history.'”

From Bloomberg. “It’s been a record year for China’s internet moguls, but not in the way most would have hoped. The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid widescale crackdowns by Chinese regulators. The drop represents almost a quarter of their total wealth and is the largest one-year decline since 2012, when the index started tracking the world’s richest people.”

“‘The best days for China’s tech sector are behind us for now,’ said Chen Zhiwu, director of the Asia Global Institute at the University of Hong Kong. ‘Without access to American capital markets, the history of China’s tech sector would have been very different. I think good days will return at some point after some soul searching and reassessment of what drove the golden days of the past two decades.'”

From GM Authority. “A new report published by multinational financial firm KPMG indicates used car prices could decline by 30 percent in the near future as the effects of the global chip shortage wanes. The report predicts chip suppliers will eventually catch up with demand for new vehicles, allowing automotive manufacturing to shift back into high gear. If this happens, KPMG believes the used car market ‘could collapse,’ sending average used car prices plummeting by about 30 percent from today’s elevated values.”

“While elevated used vehicle prices have caused stress for many Americans, a sudden crash in used car prices could also spell trouble for the average working-class family. KPMG says that roughly 17 million consumers currently own ‘vastly overpriced used vehicles,’ and that many of these purchases were finances, leading to potential risks in the auto lending business. Dealers would also be stripped of some profit as inflated prices normalize, which could cause financial strain among auto retailers, as well.”

From Frank Giustra. “For the better part of 20 years, I have been pointing to the actions of the U.S. Federal Reserve as the root causes of market and housing bubbles, inequality and, more recently, high inflation. What started out as the occasional Fed reaction to a series of financial crises in the late ’90s, evolved into a permanent ‘free money’ policy that has only benefited Wall Street and the very wealthy.”

“When the inevitable happened and the housing bubble burst in 2008, the Fed and the government’s misguided attempts to bail out the financial system led us into a much more dangerous place. I believe we are now at a point of no return that is unprecedented in history. By keeping rates at near zero and adding several trillions of dollars to the Fed’s balance sheet, the math now makes any return to normality literally impossible. There is simply too much debt in the global system. Normalizing rates would implode the entire system and most asset classes.”

“But if you listen to Fed chair Jerome Powell, along with almost any of the Wall Street talking heads, you would be led to believe that the current $120-billion (U.S.) monthly QE can be tapered, and that rates can eventually be normalized. In turn, the markets trade as if these words are gospel. It’s as if everyone wishes to be blissfully ignorant of several annoying facts.”

“U.S. federal debt has tripled since 2008 and is now touching on $30 trillion. In 2020, the U.S. government spent $371 billion on interest payments on its debt. And that’s at near zero interest rates! If the Fed allowed interest rates to rise in any material way, the U.S. government would either default or — more likely — enter an endless cycle of money printing. Even at current rates and with the ongoing multi-trillion dollar annual budget deficits, the die is cast. We have clearly sailed past the event horizon of an enormous black hole.”

“After 60 years of Fed fund rates averaging five to six per cent, when the 2008 crisis hit the Fed’s monetary policy then landed us in a permanent range that hovers between zero and slightly above two per cent. All attempts to raise rates above two per cent have failed, mostly due to Wall Street market tantrums. Meanwhile, inflation is hovering around six per cent, which means that real interest rates are deep in negative territory to the tune of -4.5 per cent, if you use the 10-year treasury bonds as a measure.”

“So why does the Fed lie and why do market players believe them? Quite simply, the truth would create a panic that nobody wants. They are in an inescapable trap and they know it. The best the Fed can hope for is some divine intervention or, at the very least, that they can kick the can down the road and pray history won’t remember their names. As for Wall Street, they are happy to live day by day encouraging easy money policy to keep the party going.”

“So the Fed pretends. They choose their words very carefully to ensure that fragile markets don’t get spooked, while appeasing the inflation critics with promises of normalization. These are intelligent people who know exactly what they are doing. Greenspan, Bernanke, Yellen and Powell, while in power, will all do what is expected of them and, as we have witnessed, only become critics once they retire.”

“In Yuval Noah Harari’s book ‘Sapiens: A Brief History of Humankind,’ he points out that ‘human beings differentiate ourselves from other life forms by our ability to tell each other (and believe in) stories. These collective delusions — ethics, religion, rule of law, etc. — enable co-operation and progress. One such collective fiction, and a particularly successful one, is money.’ It looks as if we are currently living in a collective delusion of money and markets, aided and abetted by a loosely aligned club of players. God help us.”

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This Post Has 141 Comments

    1. “officials briefly considered allowing a ‘tent city’ on the edge of town”

      This is the Progressive Way. This is what happens when Vote Like California, Become California happens

    2. STR’s destroyed every mountain town in Colorado.

      It has destroyed every vacation area, and innumerable towns and cities which aren’t vacation areas. STRs are a festering pustule on society.

  2. The last link is worth reading in full.

    ‘The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021’

    Phony money either creates inflation or goes poof. We’ve had a lot of poof lately.

    1. either creates inflation or goes poof

      … or it goes overseas as part of globalization. That’s what’s been happening since about 1998. But now the globalization has pretty much maxed out and the dollars are coming home to inflate.

  3. ‘In a place where the median sales price of a home was recently pegged at $775,000 and riches abound, some in the community were shocked at the desperation’

    Housing bubble make you poor and then they pop. I understand the confusion. Last decade I was thinking a lot about bubbles and on the ground effects and emotions. It wasn’t until I moved to Sedona the second time in fall 2004 it struck me. I had been there the previous winter and knew several people. It was like a super drug was wafting in the air. OMG my shack is going up ten thousand pesos a month! I was told. Everybody (it seemed) was making money hand over fist. In about a year and a half it was all over but the crying. Probably half the people I knew left town looking for work.

    1. And we have that today but squared. You’ve got things like “crypto” where thousandaires have quit their jobs to day trade it. What a joke. This all lies on the doorstep of the FED, but it was also facilitated by politicians and the lax regulation of the financial industry. What we’ll find is fraud lies under the surface of everything. You can only get bubbles this big through fraud. The only question this time is “will people actually go to jail?”

      1. “crypto” where thousandaires have quit their jobs to day trade it.
        Back in 1999 one guy (a CPA) at work quit to trade stocks on the internet and an other quit to sell stuff on Ebay.
        It does feel like 1999 again to me.

  4. Let’s have a joke for the weekend.

    Q: What do the unvaccinated and vaccinated have in common?

    A: Neither of them will ever be considered “fully vaccinated.”

    BWA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA

    2. Q: What do the unvaccinated and vaccinated have in common?

      A: The exact same odds of dying from COVID.

        1. VAIDS

          German Government Data for the alleged Omicron variant of Covid-19, suggests that most of the “fully vaccinated” will have full blown Covid-19 vaccine induced acquired immunodeficiency syndrome (AIDS) by the end of January 2022, after confirming that the immune systems of the fully vaccinated have already degraded to an average of minus 87%.

          3. confirming that the immune systems of the fully vaccinated have already degraded to an average of minus 87%.

            I suspect those words are not put together correctly. To be fair, I have worked with some people who had a negative efficiency.

          4. I suspect those words are not put together correctly.

            AFAICT, it’s a Google translation from German.

          5. So unvaxxed have 186 cases out of 26.5% of the population
            Fully vaxxed have 4020 cases out of 70.53% of the population.

            Did they test the entire unvaccinated population?
            Did they test the entire vaccinated population?

            No? Then these numbers are useless. Unvaxxed are probably just not getting tested for the sniffles, They just look like they’re not getting Omicron, when in reality they’re unidentified cases that don’t get recorded in the numbers. Meanwhile, the vaxxed sheep are dutifully being tested every darn day. No wonder they’re finding so many cases.

            What about the South Africa and the UK? Are they suffering from ADE? Both are weeks ahead of the “suggestions” in Germany. We would have seen ADE there by now. What about the Phase III trial volunteers? They were vaxxed long before anybody. Surely they too are all dropping of cancer and AIDS?

            And why are you even reporting on PCR test results anyway? Aren’t PCR tests supposed to be crappy false positives to push the case count narrative? Oh, you need them to push the ADE narrative? Oh, sorry, now they’re 100% perfect. My mistake. 🙄

          7. South Africa and the UK? Are they suffering from ADE?

            You are getting worse by the day, lashing out and clawing and scratching. Take a break.

    1. This article is a great example of what Grover Norquist would call “shrinking the size of government to where you can drown it in the bathtub” LOL@ teabagger hypocrites.

      Did you know that DJT received more Nobel Peace Prize nominations than number of new wars that he started?

    2. I’m sure Dickhead Cheney and his butchdyke, TDS-afflicted daughter never made anything off that. Right? Riiiiiiight?

  6. ‘What started out as the occasional Fed reaction to a series of financial crises in the late ’90s, evolved into a permanent ‘free money’ policy’

    In the 90’s I noticed Greenspan started trying to prevent recessions. This was bizarre. It blows up and ‘we gotta do something!’ The globalist scum media are no help. No real criticism. Like this question: who the hell gave you the authority to create more money than existed in the 90’s cuz of the phony CCP virus? Did the money go to mouth hankeys?

    No it flowed predictably into TP potatoes, used cars and shacks. Then all these criminals started with the great reset talk. Even jerry. Eat yer bugs, etc. That’s when I realized what we were facing.

    If it seems like it can’t keep going that’s cuz it can’t. I have watched those fail videos cuz it makes me laugh. The common denominator in them is some huge jazz person standing on two stacked flimsy tables with a birthday cake blazing with candles. You know what’s going to happen.

    1. ‘Another aspect of the Fed’s tightening cycle during 2022 that may well push up long-dated Treasury yields and impair returns is how the central bank manages its vast balance sheet, which has more than doubled in size to nearly $9tn during the pandemic’

      1. If you look at the response to the last bust, everything was designed to protect and reward the wealthy at the expense of the US taxpayer, but SOLD to the public as benefiting the taxpayer, like when little Timmy Geithner blurted out his “foam the runway” comment after getting frustrated by Elizabeth Warren, the runway foam being the borrowers to whom they were going to “break it off in the asz.”

        Look at this later Build Back Better nonsense. The second that Manchin said he wasn’t going to vote for it, the media waged an all out front page assault on him, and a propaganda blitz on the American public about how the poor were going to now starve to death. What’s in the “BBB” legislation? Pork for the special interests, nothing more.

        That’s where we are today, a corrupt to the very core system where pigmen have attached a siphon to the US Treasury via their political puppets, using the media they own as their biggest tool and weapon. How do we stop this? I don’t think we can, we just prepare for the end. And I already mentioned what the end looks like – people like Jerome Powell getting curb stomped to death.

        1. The wealthy buying and building bugout shelters in faraway lands isn’t a meme, it’s a real thing. All of these so-called “elites” know the dangerous game they’re playing. But they are blinded by greed and so there is never enough wealth and power to satiate them.

          Just look at their depraved sexual activities. There is a massive group of these people who are pedos. This is also evident in Hollywood. The underground sex and drug parties these people partake in seem like fiction until you find out it’s all true.

          Unfortunately for the aforementioned “elites,” the world is a very small place now given technologies. There is nowhere to hide. The more remote, the more they stick out like a sore thumb. A 3/2 rambler in Indianapolis with a 15 year old Honda Accord is the easiest way to blend in. But their egos would never allow that, so when it’s “go time” they will be easily apprehended. Look no further than a filthy Saddam being dragged out of a hole, or Gaddafi’s death. Once you’re out, you’re out.

          1. Just look at their depraved sexual activities

            AOC: Look at meeeee and my soyboy squeeeeeze!
            Twitter: Stupid hypocrite, you’re on vacay in maskless Miami while your hard-working constituents are masked up and locked down, showing their papers every day at lunchtime.
            AOC: You just want to sex with me and you can’t and you’re just jealous of meeee and my soyboy squeeeeze!

            This is what we have to deal with.

          2. This is what we have to deal with.

            AOC is the face of leftism. Just imagine if that adolescent was handed the keys to the oval office.

          3. Just look at their depraved sexual activities

            John “Jack Murphy” Goldman destroying the credibilities of Tim Pool, Jack Posobiec and Mike Cernovich this last week.

          4. “John “Jack Murphy” Goldman destroying the credibilities of Tim Pool, Jack Posobiec and Mike Cernovich this last week.”

            Where is the problem here? I didn’t even know until this alleged scandal broke a few days ago that Jack Murphy was charging (and receiving) $99 a month from simps in what HuffPost or Salon would describe as the Manosphere.

            People paying money, to a grifter like this? I thought he was just another Timcast sideshow flunkie.

            Imagine that is your Wikipedia after you die: just another Timcast sideshow flunkie…

          5. Where is the problem here?

            He was outed as a degenerate grifter by a superchat on You Are Here. The only reason I know about it is because one of the LawTube guys that I follow appeared on Tim Pool recently and got pulled into the drama.

          9. Jack Murphy blew up his brand. Tim Pool should have known. Jack Posobiec and Mike Cernovich are socially connected to Jack Murphy. I’ll leave the rest for you and Deplorable to explore. Be careful what you click on; some things can’t be unseen.

    2. The one thing I pay attention to is the money flow, and who is ultimately getting rich. It went to all the pigmen. This is beyond robber baron stuff. These guys are looting the US Treasury.

      When you say “Jerry,” are you talking about Jerome Powell? I hadn’t heard he was talking about “The Great Reset,” but it wouldn’t shock me. He and his ilk were daytrading and frontrunning the markets on their own policy decisions. That’s as bad as it gets.

      1. What I read and posted from jerry was we were ‘never going back to normal’, about the same time as the other central bankers and WEF said it. That’s close enough for me to lump them all in together as it was obviously coordinated.

        Around 2005 the fed did a study and determined the US guberment debt was mathematically impossible to pay back. They know what they are doing will bring down the bond markets. You might ask, but it’s their system, why would they crash it? Problem reaction solution.

        1. You might ask, but it’s their system, why would they crash it? Problem reaction solution.

          It’s kind of like how the FED is the arsonist but portrayed as the Fire Company. These people are burning everything down yet the politicians parade them around as saviors. They already have their next step up their sleeve, which is probably some digital coin nonsense after the currency fails.

  7. ‘Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years’

    The other day I was reading how Pakistan went nuts creating money for the CCP virus. It’s not just the fed. China did multiples of what bernake did.

    ‘China’s indebted property developers are symptoms, rather than the cause, of its housing problem. The nation’s real estate boom, which started in 1999 when then premier Zhu Rongji privatised home ownership, is one of the most spectacular economic phenomena in recent history. It has profoundly changed China’s urban landscape and improved living standards for hundreds of millions of people.’

    ‘But it has also titled wealth towards the state and capital over labour, and, more importantly, changed the notion among many Chinese that wealth is built by saving, not borrowing.’

    ‘China’s property machine has been sustained by three key ingredients: a land supply system borrowed directly from Hong Kong, where the municipal government has a monopoly; an extraordinary monetary easing cycle where broad money supply has increased 20 times over the past two decades; and a nationwide zeal to invest household wealth into property, rather than other assets.’

    https://www.msn.com/en-xl/money/other/china-s-housing-bubble-fuelled-its-spectacular-growth-but-is-the-country-ready-for-a-day-of-reckoning/ar-AAPnAhs

    ‘broad money supply has increased 20 times over the past two decades’

    Think about that.

    1. ‘broad money supply has increased 20 times over the past two decades’

      I do not know if it’s true, but I read a comment on a financial article which asserted China and a few other countries are mass-counterfeiting currencies, including US dollars which are showing up stateside.

      1. mass-counterfeiting currencies

        What percentage of the money supply is cash? I could see some Chicoms doing this for personal gain, but how do you launder a billion+?

      2. I’m waiting for the day that they can counterfeit Bitcoin. I’m sure they have a couple hundred (at least) hackers on it right now.

        1. They are already counterfeiting Bitcon with Tether. This is the dirty secret behind the numbers. I read that Tether plowed a bunch of their cash into Evergrande bonds because of the high rate of return they need to fill in some of the holes and the mistaken notion that China wouldn’t allow them to fail. One of these days soon all of these tards are going to go from going bankrupt a little at a time to all at once and the media is going to pretend that no one saw it coming.

    2. It’s not just Pakistan and China. The Bank of England, Bank of Japan, European Central Bank, Bank of Canada, and other central banks all printed to high heaven. That’s the only reason that the dollar hasn’t collapsed. The “value” of the dollar is only in comparison to other banks, and those other banks are in even worse shape. We have *no* concrete thing to compare these currencies to. Gold? Bitcoin, maybe? Who knows?

      1. We have *no* concrete thing to compare these currencies to. Gold? Bitcoin, maybe? Who knows?’

        IDK maybe real estate ?? 🙃

      2. We have *no* concrete thing to compare these currencies to.

        Don’t be silly. You know exactly what a dollar is worth being under contract to deliver them. Worth x amount of your labor, hours, days, years, as you’ve pledged.

  8. “… human beings differentiate ourselves from other life forms by our ability to tell each other (and believe in) stories. These collective delusions — ethics, religion, rule of law, etc. — enable co-operation and progress. One such collective fiction, and a particularly successful one, is money.’ It looks as if we are currently living in a collective delusion of money and markets, aided and abetted by a loosely aligned club of players.”

    A Big Club of players (a very Big Club, of which you are not a member).

    “God help us.”

    God helps those who help themselves, which is what I do; I help myself. (Herds of ignorant pukes enter my bank and offer me enormous amounts of money, both earned money and yet-to-be-earned money, and so I simply do what God wants me to do, which is to dig in deep and help myself).

    😁

  9. As the globalists and their Democrat-Bolshevik Quislings remake the former America in the image of their beloved Soviet Union, our corrupt DoJ and Bureau of Prisons are doing their part by imposing gulag-like conditions on political dissidents and “insurrectionists” – the latter a category that will expand to include any and all who push back against globalist agendas and totalitarian repression. Of course, you will not hear a peep about such violations of civil liberties or inhumane prison conditions from the likes of the ACLU or other DNC adjuncts who are A-OK with such mistreatment being meted out to white male Enemies of the People.

    D.C. Jail Cuts J6 Prisoners’ Communications After Newsmax Interview

    https://pjmedia.com/news-and-politics/megan-fox/2021/12/31/exclusive-j6-prisoner-says-i-literally-have-nothing-left-but-food-and-my-bible-n1545694

    Jacob Lang has been awaiting trial without bail in the D.C. jail for his involvement in the January 6 riot at the Capitol for almost a year, along with many others who have been charged with crimes connected to that day. With no trial date in sight, he and his fellow inmates languish in a jail they say is inhumane. The J6 prisoners’ complaints about filthy conditions and inhumane treatment resulted in a surprise inspection that found everything they were saying was true. As a result, over 400 prisoners were moved to different facilities—none of them J6 prisoners.

    Lang has been in contact with PJ Media and several other media sources and was recently giving an interview on Newsmax TV when the jail cut off his phone access. Afterward, Lang reported to PJ Media that the jail took away all access to the internet and cut off phone privileges for all the detainees. They are now on lockdown and Lang says he’s not even able to call his lawyer.

    Regardless of what crimes these people are charged with, there is a protocol for how prisoners are supposed to be treated, especially pre-trial detainees who have the presumption of innocence. None of that seems to have been followed in the cases involving the J6 arrestees.

  10. In a place where the median sales price of a home was recently pegged at $775,000 and riches abound, some in the community were shocked at the desperation.”

    As long as the criminal private banking cartel called the Federal Reserve controls our money issuance, such grotesque wealth inequality and asset bubbles will be the new normal.

  11. With yields still so low by historical standards and the Federal Reserve poised to jack up interest rates to battle inflation, some investors are bracing for more losses this year.

    You’d have to be a special kind of stupid to “invest” in the debt of a country controlled by globalist stooges, with the Keynesian fraudsters at the Fed expanding their balance sheet by trillions of dollars a year while the Brandon regime’s “Build Back Better” patronage and graft racket blows out our budget deficits. Investing in physical precious metals is a no-brainer when the Republicrat duopoly is hurtling us down the road to Zimbabwe 2.0.

    1. With yields still so low by historical standards and the Federal Reserve poised to jack up interest rates to battle inflation

      The FED is jawboning. They have no intention of “jacking up interest rates to battle inflation.” The FED was stating throughout this money=printing extravaganza they engaged in that they were “going to let inflation run hot.” Sure, they might throw out a couple cheezy little 25 basis point hikes (1/4%), but with inflation running in the double digits if you use their old metrics, they’re not doing dick.

      1. Agree. It brings to mind Yellen the Felon’s “Lucy and the Football” routine during her tenure as Fed Chair, when she jawboned incessantly about supposedly pending rate hikes, then always found some lame excuse to defer. These fraudsters can’t and won’t hike interest rates until foreign investors start balking at buying U.S. Treasuries (debt) given the negative real rates of return. They have long since stopped any pretense of being a responsible central bank, and now focus solely on further enriching the already super-wealthy.

        1. Right. They’re just bullshitters, and the markets know it. If the people invested really believed the FED, there would have been a massive sell-off. Instead, new highs are reached daily. The FED is talking shit to try to pretend they’re trying to help the little guy, when behind closed doors they’re laughing as they rape him.

        2. Amazingly, we are still the “safe haven”. Then again, where else would you stash your cash? In a Chicom bank or Chinese stonks or bonds? Europe is better than China, but they have big problems too, including potential social unrest. Japan? If China forcefully takes Taiwan, the Japanese markets would crater.

          1. Japan?

            Japan and its central bank are so overdrawn that in financial circles they’re referred to as, “A bug waiting for a windshield to happen.” Their Shoji screen (rice paper) walls and windows are a perfect metaphor for their security and structural soundness.

  12. “Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence.

    WHAT IS THE FED?

    The Federal Reserve, “the Fed”, is the central bank of the United States of America that was created in 1913 by Congress. It is a banking cartel that has a government-granted monopoly on the creation of money and credit. The Fed literally loans “money” (Federal Reserve Notes) into existence. Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws. Federal Reserve Notes are referred to as dollars but are not. The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national criminal counterfeiting racket with the protection of the government.

    http://endthefed.org

      1. They must be assuming they will be able to sell later at a higher price. Without the bubble Ponzi appreciation assumption, the logic of buying for cash and waiting the inspection falls apart.

      2. “In San Diego it could be a termite infested mess.”

        I believe it was around 1986 or 87 after Crocodile Dundee had come out we were hanging drywall in an old wood frame remodel on the Intracoastal. Every time I would slam up a top board, termites would fall out of the insulation onto the floor, The builder who hired us walked in shortly after we started and I told him what was happening. His response was … Cover it up, I’m just doing this so I can sell this place. (I don’t believe the term “flipping” was being used back then.)

        Somewhat shocked, I did what I was hired to do and hung the place out. But every time I slammed up a top board I would look at the floor, then my helper and say… Hello Mite 🙂

    2. 2907 Sunderland St, Poway, CA 92064 $850K 4 bd 2 ba 1,455 sqft

      MLS Confidential Remarks: Notice of default and auction scheduled for Feb 14. Agent is actively working with lender to stall the sale. No repairs of any kind will be made by the seller. Home appraised in Sept in a range of $775k-$850k as is. Agent must send a lender pre approval letter to agent prior to scheduling an appointment.

      1. I need help understanding this one. The opening bid for the auction on 2/14/2022 is $434,489. The default amount is $429,544. Why would someone buy this “as is” via a realtor rather than at auction?

        1. Wouldn’t a cash buyer prefer the auction with a potentially lower price? Wouldn’t a wannabe loan owner be gambling with the scheduled auction? It’s not like the bank cares about the debtor or realtor making some bucks from a sale.

          1. A buyer might prefer an auction, and the lender and agent are trying to unload it before that happens. They can postpone the auction date: they usually do. Creates a little buzz having people think an auction is eminent. Foreclosures cost money so I can see why they are doing this. They have equity so the UHS fee comes out of the sellers cash. It’s going to be as is no matter what. The lender isn’t fixing up something they don’t own, the FB sure isn’t on his way out. Sounds like it comes down to how much the seller will hold out for. He gets any excess from an auction so why not try and get top dollar? There is his credit to consider I guess but that’s probably shot already. One benefit to buying pre-auction is you could inspect and look around, where as before an auction you most likely can’t.

            The UHS has a contract and is just going along for the ride. I’m curious where you find this ‘MLS Confidential Remarks’.

          2. Maybe they’re still holding out for a Chinese buyer?

            Nothing has been done since ~1977. And is it just me, or is that hill in the backyard starting to give way? The retaining wall-thing(?) lining the path appears to be failing. Is this mudslide country?

          3. Maybe they’re still holding out for a Chinese buyer?

            No, because then the price would be $488,888. The Chinese like 8s.

          4. I’m curious where you find this ‘MLS Confidential Remarks’.

            I have access to the MLS via my husband.

      2. “Home appraised in Sept in a range of $775k-$850k as is.”

        Has anyone examined this clearcut case of appraisal fraud?

      3. Looks like a very old persons house . I wonder did they die or go into a home and the heirs are selling it after failing to do anything ? Waiting until it went into default ?

  14. I saw Liz Cheney earlier today flapping her Great Reset Globalist gums about Donald Trump sitting in his office on January 6 and something about dereliction of duty but my gag reflex kicked in and I had to quickly change the charnel so I didn’t hear what else it had to say.

    PS

    Meant to say “it”

    1. Today is Sunday, January 2nd and the Waukesha, Wisconsin Christmas parade mass murderer and all of his victims have been erased from #TheNarrative.

      Sounds like a Democrat Party thing…

    2. Wyoming Republicans have repudiated this globalist salad-tosser and neocon stooge, and it seems likely she’ll be Cantored in the next GOP statewide primary elections.

      1. +1 for use of the phrase “salad tosser” to describe this nasty neocon.

        BTW, Eric Cantor failed uphill, into the open arms of the military industrial complex. It’s illegal for people like him to not get rich after leaving Congress.

  15. 2022: More Stupidity, More Arrogance, More Evil, More Rebellion

    https://www.theburningplatform.com/2021/12/31/2022-more-stupidity-more-arrogance-more-evil-more-rebellion/

    Chaos will reign as the future upends the past. Chaos doesn’t lend itself to prediction.

    Stupidity, arrogance, and evil ultimately destroy themselves, but their rampage was unabated in 2021. A group of stupid, arrogant, and evil people are using a virus and its variants to shepherd the world into a scheme of totalitarian global governance. This was conspiracy theory when the virus first surfaced; now it’s nakedly obvious reality. The one redeeming feature of the year was that more people saw the light.

    The self-impressed and self-anointed rule not by claim of divine right, but by claim of superior intelligence and virtue. Real intelligence and virtue hope to find the same in other people; our commissars prey on human weakness. Fear and panic are their allies, truth and rationality their enemies.

  16. The historical record shows that Hoenig was worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else.

    The Fed has had only one true “mandate” since its clandestine 1913 founding on Jekyll Island, SC, by the NYC robber barons of the era: to serve as the oligarchy’s chief instrument of plunder against the 99%. Hoenig had to have known exactly what these Keynesian fraudsters were up to, so his “protests” ring hollow.

  17. Meanwhile, inflation is hovering around six per cent, which means that real interest rates are deep in negative territory to the tune of -4.5 per cent, if you use the 10-year treasury bonds as a measure.”

    Per Shadowstats, which measures inflation honestly using the methodology employed before the CPI switched to the “hedonic” method used to obfuscate true inflation and defraud Social Security recipients out of honest COLA increases, real inflation is running at least twice as high as our fake, Soviet-style CPI numbers say it is.

  19. Kamala Harris struggles through question on inflation during CBS interview

    https://www.foxnews.com/media/kamala-harris-struggles-question-inflation

    Vice President Kamala Harris struggled to give a coherent answer when asked about the economy and inflation during a Sunday interview on CBS.

    Harris appeared on “Face the Nation” when host Margaret Brennan asked her about the issues of inflation going into the “third year” of a pandemic.

    “Was it wrong to consider inflation transitory? These price spikes seem like they’re going to be with us for a while,” Brennan asked.

    Harris did not provide a clear answer to the question of combating inflation. She appeared to stumble on describing the process before pivoting to support for Biden’s Build Back Better plan, which has been delayed because Sen. Joe Manchin, D-W.Va., announced his opposition to the legislation.

    “We have to address the fact that we have got to deal with the fact that folks are paying for gas, paying for groceries, and are — need solutions to it. So let’s talk about that,” Harris said. “Short-term solution includes what we need to do around the supply chain, right? So, we went to the ports of Los Angeles, Long Beach, Savannah, Georgia, and said, ‘Hey, guys, no more five days a week, eight hours a day; 24/7, let’s move the products because people need their product – they need what they need.’ We’re dealing with it in terms of the long term. And that’s about what we need to do to pass Build Back Better. It strengthens our economy.”

    WTF….

    1. This woman was installed because of her gender and the color of her skin, nevermind the fact that she was the least popular of all the candidates, dropping out of the primaries first. She is an incompetent whore who spread her legs to climb the ladder.

      Build Back Broke will unleash an even greater tsunami of inflation. These people are gaslighting liars who are looting the Treasury to pay back the globalists who installed them. Has anybody ever stopped to ask them why they are printing and stimulating even more when inflation was caused by the printing and stimulus? Of course not, because the only people with access are the media talking heads owned by the globalists. This situation would make old North Korea blush.

      1. She is an incompetent whore who spread her legs to climb the ladder.

        And literal, rather than figurative, salad-tosser.

        1. I am mortified about what foreign leaders who have met her think about her. She had a Central American and Mexican state visit some months ago. The leaders she met with have said that there was no follow up to what spoke of and promised to do. I noticed that the Brandon administration appointed Ken Salazar as ambassador to Mexico, probably hoping that Mexicans would be impressed that a Hispanic was sent to them, when they can clearly see that he’s just another gringo. IIRC, his first act as ambassador was to complain to Mexico about its electric power reform.

        2. “And literal, rather than figurative, salad-tosser.”

          Willie Brown: “It’s good to be ‘da king!”

    2. “We have to address the fact that we have got to deal with the fact that folks are paying for gas, paying for groceries, and are — need solutions to it. So let’s talk about that,” Harris said. “Short-term solution includes what we need to do around the supply chain, right? So, we went to the ports of Los Angeles, Long Beach, Savannah, Georgia, and said, ‘Hey, guys, no more five days a week, eight hours a day; 24/7, let’s move the products because people need their product – they need what they need.’ We’re dealing with it in terms of the long term. And that’s about what we need to do to pass Build Back Better. It strengthens our economy.”

      Woman…. all yer doing is talking to move the air around.

  20. Who knew that the Brandon regime’s attempts to rule by decree, impose an alien ideology – socialism – and systematically marginalize and strip away the rights and liberties of tens of millions of heritage Americans, while simultaneously forcing them to foot the bills for Democrat-Bolshevik patronage and graft rackets, could ever result in blowback?

    34 percent of Americans say violence against government justified: poll

    https://nypost.com/2022/01/02/34-percent-of-americans-say-violence-against-government-justified/

    A third of Americans say violence against the government is sometimes “justified,” a shocking new poll revealed on Saturday.

    The percentage of people with that view compared to previous years increased significantly, according to the poll published by The Washington Post-University of Maryland survey.

    The results, which come almost a year after a violent mob of former President Donald Trump supporters stormed the US Capitol, found that 40 percent of Republicans agreed it could sometimes be “justified for citizens to take violent action against the government.” Twenty-three percent of Democrats and 41 percent of Independents also endorsed situational violence.

  21. Every time a Beverly Hills libtard gets culturally enriched while involuntarily contributing to the “redistribution of the wealth” so beloved of collectivists, an angel gets its wings.

    Down and Out In Beverly Hills

    https://www.floppingaces.net/2022/01/02/down-and-out-in-beverly-hills/

    Apparently, it is open season in California for looting, armed robbery and burglaries which have now spread to Beverly Hills. Imagine that. In 2014 a ballot initiative was passed allowing the theft of up to $950 before the crime counts as a felony. Forrest Gump would say, “I’m not a smart man but that law seems reallystupid.”

    One woman, a writer in the entertainment industry who declined to be identified, said that “gang members and criminals are taking over Beverly Hills because Gascon isn’t prosecuting them. He’s saying, “Hey go out and rob someone for $900 worth. Get arrested, go back on the street.”

    Criminals aren’t exactly candidates for Mensa membership but they did interpret that moronic law as a license to steal and the $950 ceiling as a GET OUT OF JAIL FREE card. Rich folks driving $160,000 Bentley Bentayga Hybrids, shopping at Cartiers and flaunting 3 carat sparkly Princess diamonds are the new prey. Those are probably the same entitled aristocrats who laughed at the poor peasants in Seattle, Portland, Chicago, Minneapolis and Kenosha getting mugged, robbed and carjacked at gunpoint. Members of the We Got More $$$ Than You Club, once felt secure in their gated mansions protected by vicious Dobermans, armed security guards and moats filled with alligators.

    Those idyllic days are over. They now live in fear that security is just an illusion and hordes of dangerous, knuckle dragging, violent barbarians are seeking a redistribution of wealth at gunpoint or with a Louisville Slugger bat.

    1. Daddy, what is a conservative?

      Well, Son, a lot of people say that it is a liberal that has just been mugged.

    2. One woman, a writer in the entertainment industry who declined to be identified, said that “gang members and criminals are taking over Beverly Hills because Gascon isn’t prosecuting them. He’s saying, “Hey go out and rob someone for $900 worth. Get arrested, go back on the street.”

      Gascon is one of the “progressive” Soros plants installed to subvert and undermine the criminal justice system from within. This is part and parcel of the Great Reset agenda the globalists and their Democrat-Bolshevik Quislings are imposing on U.S. urban centers, and will attempt to expand into every Democrat-malgoverned municipality to hasten our societal decline and collapse.

      ‘Soros prosecutors’ are making US cities uninhabitable again

      https://www.washingtonexaminer.com/opinion/editorials/soros-prosecutors-are-making-us-cities-uninhabitable-again

      1. Upper middle class leftists are just beginning to understand that will be lumped in with the deplorables when the time comes. They thought the bad stuff would only happen to red necks in flyover and that life would be great for them in their “big cities”.

    2. The level of censorship in the past two years, and the audacity of the total lie of it all, are beyond anything I could have predicted two years ago.

      Fortunately, we live in the U.S. and not in some cuck country like Canada or Australia.

      The Day Of The Rope is coming.

      No Glowie, but globalists please understand we are talking to you.

      You can’t be a globalist and an American. And when you’re a globalist, you forfeit any alleged rights you held as a U.S. citizen.

      Globalists, you are enemy combatants, and this is a war that you will lose badly ☠

      1. Do what I did yesterday. Look up the CEO of your hospital Gulag and tell him that he’s going to go to jail soon for pushing this scam. That, my friend, is the sweet smell of revenge.

        1. What do you do if he lives 1000 miles away, in a gated community? Send him an email? He probably doesn’t even read his emails before one of his assistants has weeded them out.

          1. Globalists are as close as the parking garages of their local offices buildings. Sometimes alone, vulnerable, and filled with their hubris.

            Go say hello.

          2. Sometimes alone

            I don’t think so. Maybe the small fish. But the CEOs of multi-billion dollar corps? No way. They all have bodyguards. Heck, the big boss where I work lives on a private island. I doubt you could get within a mile of his mansion before being stopped by security.

          3. CEOs of multi-billion dollar corps . . . bodyguards . . . private island

            Why the need? Who or what are they protecting and/or hiding? How do you get to that level? Who provided their initial rounds of financing? I’ve done my digging so I don’t need answers.

          4. Red, security is standard practice. What are they hiding: relatives, especially children. Entire families ae targets for kidnapping and ransom.

    1. But…but…anything less than mindless compliance with “mandates” makes one a bad person, a rayciss, and a threat to national security who must be put on a boxcar to the gulag. The MSM assures me of this.

    3. As long as Corporate America goes along with the mandates the Brandon administration doesn’t give a fig about whether or not you as an individual comply or not. If you don’t comply, their corporate henchman will fire you. Heck, many said they still would even after the mandates were struck down by a judge.

  24. Do you get the feeling that the Fed’s financially engineered inflation has set us on course for economic calamity?

    1. Politico
      History Department
      The Fed’s Doomsday Prophet Has a Dire Warning About Where We’re Headed
      Thomas Hoenig knew what quantitative easing and record-low interest rates would bring.
      Dr. Thomas Hoenig, President of the Federal Reserve Bank of Kansas City, speaks at a town hall meeting
      Nati Harnik/AP
      By CHRISTOPHER LEONARD
      12/28/2021 04:30 AM EST
      Christopher Leonard is a business reporter whose work has appeared in The Washington Post, The Wall Street Journal, Fortune and Bloomberg Businessweek. He is the author of The Meat Racket and Kochland, which won the J. Anthony Lukas Work-in-Progress Award. His new book, The Lords of Easy Money: How the Federal Reserve Broke the American Economy, is out January 11.

      Thomas Hoenig doesn’t look like a rebel. He is a conservative man, soft-spoken, now happily retired at the age of 75. He acts like someone who has spent the vast majority of his career, as he has, working at one of the stuffiest and powerful institutions in America: the Federal Reserve Bank. Hoenig has all the fiery disposition that one might expect from a central banker, which is to say none at all. He unspools sentences methodically, in a measured way, never letting his words race ahead of his intended message. When Hoenig gets really agitated he repeats the phrase “lookit” a lot, but that’s about as salty as it gets.

      This makes it all the more surprising that Tom Hoenig is, in fact, one of America’s least-understood dissidents.

      In 2010, Hoenig was president of the Federal Reserve regional bank in Kansas City. As part of his job, Hoenig had a seat on the Fed’s most powerful policy committee, and that’s where he lodged one of the longest-running string of “no” votes in the bank’s history.

      Hoenig’s dissents are striking because the Fed’s top policy committee — called the Federal Open Market Committee, or FOMC — doesn’t just prize consensus; it nearly demands it. The committee likes to present a unified front to the public because it is arguably the most powerful governing body in American economic affairs. Hoenig’s string of dissents shattered that appearance of unanimity at a critically important time, when the Fed was expanding its interventions in the American economy to an unprecedented degree. It was a hinge point in American history, and the economy has never been the same since.

      Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years. The money poured through the veins of the financial system and stoked demand for assets like stocks, corporate debt and commercial real estate bonds, driving up prices across markets. Hoenig was the one Fed leader who voted consistently against this course of action, starting in 2010. In doing so, he pitted himself against the Fed’s powerful chair at the time, Ben Bernanke, who was widely regarded as a hero for the ambitious rescue plans he designed and oversaw.

      Hoenig lost his fight. Throughout 2010, the FOMC votes were routinely 11 against one, with Hoenig being the one. He retired from the Fed in late 2011, and after that, a reputation hardened around Hoenig as the man who got it wrong. He is remembered as something like a cranky Old Testament prophet who warned incessantly, and incorrectly, about one thing: the threat of coming inflation.

      But this version of history isn’t true. While Hoenig was concerned about inflation, that isn’t what solely what drove him to lodge his string of dissents. The historical record shows that Hoenig was worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else. He also warned that it would suck the Fed into a money-printing quagmire that the central bank would not be able to escape without destabilizing the entire financial system.

      On all of these points, Hoenig was correct. And on all of these points, he was ignored. We are now living in a world that Hoenig warned about.
      …

    2. “If the Fed allowed interest rates to rise in any material way, the U.S. government would either default or — more likely — enter an endless cycle of money printing. Even at current rates and with the ongoing multi-trillion dollar annual budget deficits, the die is cast. We have clearly sailed past the event horizon of an enormous black hole.”

      Why not skip the interest rate rise and go straight for the money printing bender?

      1. Why not skip the interest rate rise and go straight for the money printing bender?

        I fear that is the plan.

    3. Do you get the feeling that the Fed’s financially engineered inflation has set us on course for economic calamity?”

      1970’s replay . Vietnam, school busing, oil embargos, crime, inflation.

      1. I remember how a lot of people got bent out of shape over busing. Imagine going back in time and telling them that someday Americans would have to agree to a dangerous experimental vaccine of dubious value, or lose their jobs.

  25. Charlotte, TN Housing Prices Crater 21% As Rural Lot And Bulk Land Values Plunge

    https://www.movoto.com/charlotte-tn/market-trends/

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

  26. Why Black Americans are leading the NFT, crypto revolution
    Marquise Francis
    Marquise Francis·National Reporter & Producer
    December 22, 2021·3 min read

    This could end very badly

  27. I don’t live in her district, but this is yet another example of globalists attempting to censor and silence American citizens (globalists are not American citizens):

    https://www.cnbc.com/2022/01/02/twitter-permanently-suspends-marjorie-taylor-greenes-personal-account.html

    Globalists gonna globe.

    Until they can’t. And what stops them? How about a noose around the neck and a falling trapdoor on the gallows platform.

    The only thing that could make all that any better would be a jeering crowd throwing rotten eggs and tomatoes at the condemned.

    You don’t run this country. We do. And you’re gonna die…

      1. ZeroHedge hit the toilet a couple of years ago. I was there in the beginning and got permabanned. It’s a badge of honor.

  29. Australia Admits Widespread Severe Adverse Reactions From COVID Jab, Offers Compensation Payments To Victims

    Infowars.com
    January 2nd 2022, 10:34 am

    “Now the federal government is offering compensation for anyone who’ve become seriously ill after having their COVID shot,” the 7News reporter said.

    The news segment described how some people developed pericarditis and myocarditis shortly after taking the jab.

    “It’s estimated that 79,000 people have suffered adverse reactions to vaccines. Now the government’s offering compensation. Claims under $20,000 will need evidence from your doctor. Claims over $20,000 assessed by a team of legal experts. The highest figure reserved for only the most serious of cases,” the report explained.

    Medical law expert Daniel Opare said expenses to deal with the jab’s adverse reactions can be costly.

    “If you do suffer pericarditis, it can result in you being out of pocket, you might have to see a cardiologist, you might need procedures, so it is definitely appropriate that there is a vaccination scheme there to compensate those people,” he said.

    New Granada
    @NewGranada1979
    REPORT: 79,000 People! – The government now ADMITS to severe vaccine side effects. – Offering some victims over $600,000 in cash and compensation. – Australia.

    https://twitter.com/NewGranada1979/status/1476926692505505795?s=20

    1. 79,000 people in Australia is 3% of the total population, but that 79,000 is concentrated in young men. Glad I didn’t get an mRNA vaccine.

        1. SWINE FLU PROGRAM IS HALTED IN 9 STATES AS 3 DIE AFTER SHOTS

          By Harold M. Schmeck Jr. Special to The New York Times
          Oct. 13, 1976

          WASHINGTON, Oct. 12—Swine flu vaccination programs in nine states and in Pittsburgh and its suburbs were suspended today, two weeks after they began nationally, after the deaths of three elderly persons who received the vaccine yesterday at a clinic in Pittsburgh.

          https://www.nytimes.com/1976/10/13/archives/swine-flu-prograrm-is-halted-in-9-states-as-3-die-after-shots.html

  32. Video: Fauci Decrees That Vaccinated And Boosted Americans Should Not Leave Home

    by Steve Watson
    January 3rd 2022, 6:01 am

    Host Dana Bash asked, “How should vaccinated and boosted people behave? Can they go out into a restaurant, eat safely indoors right now?”

    Fauci responded, “You know when you’re having I call it a tsunami of infections, Dana. We are seeing people who are vaccinated and boosted who are getting breakthrough infections. So when you’re in a situation when you have so many infections going on the thing that you want to say is that if you want to do things like that, better do them in a setting where you know the people around you are vaccinated.”

    “That’s the reason why I’ve been saying when asked about the holiday season, the safest thing to do is to be in a home setting, friends, relatives who you know are vaccinated and boosted,” Fauci further decreed.

    https://www.infowars.com/

    AOC Seen Partying Maskless at Miami Drag Bar amid Controversy

    PAUL BOIS
    2 Jan 2022

    The openly socialist Rep. Alexandria Ocasio-Cortez (D-NY) appears to have brushed off critics of her New Year’s escape to Florida as her home state undergoes a surge in coronavirus cases by allegedly partying maskless at a drag bar in Miami.

    https://www.breitbart.com/politics/2022/01/02/aoc-seen-partying-maskless-at-miami-drag-bar-amid-controversy/

    1. So, since vaccinated people are getting so many breakthrough infections, we should stay among vaccinated people. ??

      And to think, Fauci is a distant co-worker of mine… 😔

      1. Fauci is a distant co-worker of mine

        When you go into the office, do you work in Rockville or Bethesda?

  33. Video: Dutch Police Sick Attack Dogs On Anti-Lockdown Protesters

    by Steve Watson
    January 3rd 2022, 5:46 am

    Massive amounts of people turned out to protest hard lockdown restrictions which were put back into place by the Dutch government before Christmas.

    Everything except essential stores has been shut down in the country until at least Jan. 14.

    The restrictions dictate that gatherings of more than two people are illegal, so the government sent in the riot police.

    Election Wizard
    @ElectionWiz
    Wow! Thousands of protesters in Amsterdam demonstrate against Covid restrictions despite a ban on protests.

    https://twitter.com/ElectionWiz/status/1477651307007811587?s=20

    Disclose.tv
    @disclosetv
    ·
    Jan 2, 2022
    NOW – People mauled by police dogs, beaten with batons at unauthorized protest against Covid restrictions in #Amsterdam.

    https://twitter.com/disclosetv/status/1477633528858824706?s=20

    Is this what a ‘free’ country is supposed to look like?

    Owen O’Brien
    @_owenobrien_
    Het gaat mis in #Amsterdam nabij het #Museumplein.

    https://twitter.com/_owenobrien_/status/1477610924995485697?s=20

    1. What a find! And, “He said at the same time, the company is seeing an ‘uptick’ in disability claims, saying at first it was short-term disability claims, and now the increase is in long-term disability claims.”

      1. Frightening 😬 Quite a few people mentioning it on Twitter.

        The tragedy of needlessly lost lives, the distrust of the medical profession (already in full swing) – also insurance companies going belly-up? That’s a helluva increase.

        1. Ben called it early in the pandemic. Insurance companies would have been hollering if COVID was anywhere near as dire as claimed.

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