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Not Every Borrower Can Be Helped

A report from Buzzfeed. “Buying a home is not for the faint of heart. 21: ‘Do your research on the neighborhood and street. Try to go to the home you plan on buying at different times during the day, and even at night if you can. You can do as many renovations as you want on the house itself, but if you hate the neighborhood, you still won’t be happy. I wish we would’ve done that before we bought our current home — now we can’t wait to get out.'”

“22: ‘Don’t blindly trust the home inspection. If your budget allows, hire people that are specifically-trained to inspect various elements of your home. Have someone come to specifically check out the HVAC system, electrical work, and plumbing — especially sewer lines or septic systems. Our inspection said things were ‘old, but OK.’ Two months and $20K later, we beg to differ.'”

From DS News. “Despite the industry’s best efforts, not every borrower can be helped. An increasing percentage of the remaining forbearances are ending with borrowers in default, and with no viable loss mitigation option. Many of those borrowers are now filing a Chapter 13 bankruptcy to save their homes. In essence, bankruptcy is a type of loss mitigation of last resort. Unfortunately, Chapter 13 bankruptcy does not play well with forbearance.”

“Chapter 13 requires regular payments, and yet forbearance allows the borrower to cease making payments during the forbearance term. In an attempt to ensure that borrowers could take advantage of both forbearance and a Chapter 13 bankruptcy, Congress added some temporary bankruptcy provisions. In some Circuits, even where a servicer objects to putting the post-petition arrearages in the plan, courts regularly resolve the motion for relief from stay by ordering that those defaulted payments be added to the Chapter 13 plan. In short, Congress’ belief that a special mechanism was required to place missed post-petition payments into a plan seems misplaced.”

“The ability to file a CARES Forbearance Claim will end on December 27, 2021, as will the right of a creditor to move to modify a plan to include the missed forbearance payments. And as with anything bankruptcy related, check with your local bankruptcy counsel on the best approach to resolve defaulted payments that occur during the forbearance term. Local rules and custom may argue for strikingly different approaches.”

The Real Deal on New York. “It’s been a wild ride for Brooklyn landlord Chaskiel Strulovitch. The beleaguered landlord put his 31-unit rental portfolio into Chapter 11 two years ago in Westchester County to thwart foreclosure by hardball lender Maverick Real Estate Partners. Strulovitch and his partners were also accused by investors of defrauding them ‘in the style of Bernie Madoff.’ Strulovitch’s legal team denied the allegations.”

“Now Strulovitch has secured exit financing to take a majority of his portfolio out of bankruptcy. Strulovitch recently closed on a $13.9 million, one-year refinancing from New York-based Maguire Capital for eight buildings in the portfolio, according to a person close to the situation. Although the loan from Marvin Azrak-led Maguire gets eight properties out of bankruptcy, rescue financing does not come cheap.”

“The loan, which covers 36 residential units and one retail unit, has an interest rate of LIBOR plus 10.42 percent with a floor of 10.50 percent per year. On top of that is a 2 percent origination fee and a 1 percent exit fee, according to a court filing in October. The clock is now ticking for Strulovitch to find a lender to replace that loan when it expires.”

“The remaining 13 buildings are headed to auction this week, according to bankruptcy court filings in New York’s Southern District.”

The Los Angeles Times in California. “On top of a ridge in Beverly Crest, a 120-acre estate owned by late Microsoft Corp. co-founder Paul Allen, has sold for $65 million — a deep discount from its original price tag of $150 million.”

From The Sun in the UK. “Ryan Giggs has sold his old house for £2.7million — after being forced to slash the price by £800,000 after it failed to sell for more than two years. He used to live in the luxury family home in Worsley, Gtr Manchester, with his ex-wife Stacey and their two children before the couple divorced in 2017.”

From Business Insider. “The housing market is showing signs of softening across Australia as buyers in Sydney and Melbourne grapple with an affordability crunch. ‘A surge in freshly advertised listings through December has been a key factor in taking some heat out of the Melbourne and Sydney housing markets, along with some demand headwinds caused by significant affordability constraints and negative interstate migration,’ said CoreLogic research director Tim Lawless.”

From Bloomberg. “The wrecking ball headed for 39 apartment blocks on a tropical island at the southern tip of China poses the latest threat for China Evergrande Group as local governments race to reclaim land ahead of a looming restructuring of the embattled developer. The government of Danzhou, a city in the province of Hainan, has asked Evergrande to tear down what it says are illegal buildings within 10 days. The order was signed Dec. 30, meaning the company could start demolition work on the near-complete condos by Jan. 9. Evergrande has appealed the order, according to a media report.”

“The Hainan edict is among the most extreme in a spate of government actions to seize Evergande’s property and land holdings. As more officials across China rush to take control of Evergrande assets before a potential court-led restructuring that would constrain their power, it’s making it more difficult for creditors to gauge the true state of the developer’s financial health. Understanding the value of Evergrande’s land and unfinished projects is key to determining whether Evergrande bonds are worth buying at prices of about 15 cents on the dollar.”

“‘Evergrande may have lost the last chance to sell its land bank for cash,’ said Bloomberg Intelligence analyst Patrick Wong.

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This Post Has 113 Comments

  1. ‘Unfortunately, Chapter 13 bankruptcy does not play well with forbearance’

    This is written by a lawyer for a foreclosure biz web site. If you got one of these things, you need a lawyer too! Read this confusing mess ‘congress’ slapped together and you’ll see why. And:

    ‘Local rules and custom may argue for strikingly different approaches’

  3. ‘Understanding the value of Evergrande’s land and unfinished projects is key to determining whether Evergrande bonds are worth buying at prices of about 15 cents on the dollar’

    Pooh bear is making the company tear down finished projects, so yer fooked bondholders!

    1. The sentence before was the key – to my limited way of thinking – they want to sell off the land while they can (and get kickbacks in form of houses/condos in Malaysia/Vancover/OrangeCounty/etc.)

      But perhaps i am being cynical

      officials across China rush to take control of Evergrande assets before a potential court-led restructuring that would constrain their power

  4. ‘Try to go to the home you plan on buying at different times during the day, and even at night if you can’

    How about background checks on the people you’ll live ten feet from for many years? And what if new crappy people move in?

    1. It’s funny to read any type of home buying advice at all in 2022. It’s like tips for getting the most out of your cruise on the White Star Line, 1912.

      1. “…most out of your cruise on the White Star Line, 1912….”

        Bring your own inflatable lifeboat?

        The dictionary word “absurdity” doesn’t even begin to describe those who indebt themselves for millions for questionable R/E without doing any due diligence.

        Here on the HBB, we all are about to witness epic examples of financial Darwinism.

        Mr. Banker will have to open his office on Saturdays and Sundays just to handle the long lines of debt holders wearing their new kneepads.

        1. Or will they just file a BK and walk away? Of course, Mr. Banker will get a bailout, after selling the repossessed properties at a loss to cronies.

    2. “Try to go to the home you plan on buying at different times during the day, and even at night if you can”

      And don’t forget weekday commuter traffic.

      I know a puke who went house shopping on weekends, found a house he liked and bought it, and immediately discovered during his first Monday morning commute to work that the light weekend traffic he enjoyed during his weekend house shopping days relentlessly morphed into relentless nightmares of a freeway parking lots during the weekdays.

      1. I see this all the time in Fort Mill sc. Every dip s*** in the country seems to be moving here and they buy on Saturday and say wtf on Monday. I loved this town, now it sucks! I hope we slammed hard even to my own detriment.

        1. This is nothing new. They’ll move on after 2-3 years like they always do. They’ll be broke and housing prices will plummet.

          Lather, rinse, repeat.

      2. morphed into relentless nightmares of a freeway parking lots during the weekdays

        Isn’t that a given? I have colleagues in silly valley who kept (pre pandemic) odd commuting hours to avoid traffic. This of course meant starting the day WFH, then hitting the road around 10:30, the either leaving the office at 3:00 and finishing at home, or staying late at the office. Of course now we all WFH until further notice. I have wondered if at least partial WFH will become a “usual and customary” perk in the tech biz. I still get head hunter emails for remote jobs.

        And speaking of remote jobs, the Centennial state has a law stating that if you advertise a job in Colorado, even if said job is remote, that you have to disclose a salary range for the position. Most employers seem to be ignoring the requirement, while the state department of labor huffs and puffs and claims it will prosecute violators. This has resulted in job listings that explicitly say “not hiring in Colorado”.

        1. “….have to disclose a salary range for the position…”

          Me wonders what problem is gov’t trying to solve?

          1. what problem is gov’t trying to solve?

            None, they just want to fine non compliant employers. In theory, they are trying to make job searching “more fair”, so that you don’t get a low ball offer. It’s called the “Equal Pay for Equal Work Act”. All that will happen is that out of state employers will toss Colorado applications into the circular file. But the loonies in Denver won’t admit that they made a mistake, and will double down, chasing even more future employers away,

            I have seen job descriptions on websites that say things like “Colorado applicants, please contact us for salary range”

            Anyway, I get tons of emails for job reqs. Most do not disclose the the pay range.

          2. “…None, they just want to fine non compliant employers…”

            Wow. And I thought (up to now) that California was the king of government overreach.

            At least for engineering/professional positions, just stating a salary range is ridiculous. Every engineering position that I know about has a base salary, a bonus plan, and flexible benefits that include extended time off, education, professional dues reimbursement, etc.. All of this info (which is mostly negotiated when an offer letter is extended) is suppose to be in a want ad?

            Yet another example of out-of-control government.

          3. Yet another example of out-of-control government.

            Yup, they are coasting on past successes, but the momentum will run out and employers will go to greener pastures. Of course, they don’t see it that way, they think that everyone wants to come here.

      3. Google has a handy feature called “Typical Traffic” that takes past traffic data and overlays it on the map. You can select day and time. Would have taken the poor FB a minute to figure it out.

    1. “Page is a bizarre place.”

      It’s a small town composed of largely Bureau of Reclamation employees and contractors, both of whom work at the Glen Canyon Dam. It’s also isolated, so weird mores can develop over time.

      1. When I was there last decade, at 8AM a good number of young men would be in line for their first tall boy at the service station.

          1. “he who has never downed a tall boy first thing”

            I went to college. It was the best 7 years of my life!

  7. “Reckless expansion” and “grandiose projects” were only possible in a world awash with central bank funny money. Now the chickens are coming home to roost.

    Evergrande crisis: four grandiose projects that sum up indebted Chinese developer’s ‘reckless expansion’

    https://www.scmp.com/property/hong-kong-china/article/3162227/evergrande-crisis-four-grandiose-projects-sum-indebted

    China Evergrande is lurching from one crisis to another. From its home delivery snag to ongoing debt repayment troubles, more than US$52 billion of market value has been erased from the slump in its two flagship entities in Hong Kong over the past 12 months.

    The group had 1.97 trillion yuan (US$309 billion) of liabilities, making it the nation’s most indebted developer. Chinese government officials have pinned the blame squarely on its “poor management” and “reckless expansion” into an array of unrelated sectors and other pet projects.
    The latest order to demolish 39 structures at the Ocean Flower Island, a tourism project in Hainan, has added to a string of lavish misadventures by the developer, or its billionaire founder Hui Ka-yan, in mainland China and Hong Kong.

  8. “Our inspection said things were ‘old, but OK.’ Two months and $20K later, we beg to differ.’”

    Concealing defects, grossly inflated estimates, fraud riddled transactions, a jobs program for the lazy, unskilled and dropouts…. the marketplace for rapidly depreciating assets like houses is the last stop
    for criminals and broke-a$$ed debt donkeys.

    Orlando, FL Housing Prices Crater 20% YOY As Sellers Slash Prices Double Digits Across Florida

    https://www.movoto.com/orlando-fl/market-trends/

  9. More ponzi schemes:

    https://www.msn.com/en-us/money/markets/feds-arrest-pair-accused-of-running-investment-company-ponzi-scheme/ar-AARCB6K

    https://www.ktbs.com/news/shreveport-business-man-sentenced-to-15-years-in-prison-in-ponzi-scheme/article_256809ea-6d87-11ec-8794-7b54d518ed9f.html

    ‘Last year in March, 24-year-old Kapil Singh, an employee at a private firm in Gurgaon, decided to cash in on the cryptocurrency boom. He and his friends looked up several social media handles that discussed investing in Bitcoin and Ethereum, and decided to put in money in a US-based company that seemed legitimate. Months later, Singh found out it was not.’

    ‘Singh is among several people to have been duped by scamsters, who have found a new avenue in cryptocurrency and are using fake virtual currency or apps to con people. As per data from the National Cybercrime Reporting Portal, more than 50 complaints were lodged in Delhi from January to June last year; Delhi reported the second-highest complaints of crypto scams after Maharashtra, where 72 cases were lodged. The unofficial number, though, is likely higher.’

    “In 2019-20, I came across several social media influencers promoting an investment scheme. Their profiles were verified, and I was promised an iPhone if I invested in their company. I started giving Rs 2,000-Rs 5,000 a month. I received Rs 500 per month in e-wallets that could be used for mobile and DTH recharge; some investors also received phones. We were then told to buy Ethereum coins using their platform, I bought five for a rate of Rs 50,000 per unit. Soon, I saw posts of other influencers saying the schemes are fake. I was shocked and realised that all my money was gone,” he said.’

    “My father is a retired official, and I am the breadwinner. I have tried to lodge complaints in Haryana and Delhi but haven’t got an update on the case. I lost a lot of money, and I am still trying to recover it,” he said.’

    https://www.msn.com/en-in/news/other/a-new-minefield/ar-AASmJ8c

    denial
    anger
    bargaining <- Kapil you are here.

          2. “You can always go to Canaveral and watch the fake launches.”

            haha! true! the truth is that his cars work too. the recalls were minor and easy to fix. yes, he’s still somewhat on the left, but he has moved to the right in the last few years and he will continue to move right. big government is red pilling him.

            i hate gates, schwab, soros and lots of other rich men. but i don’t hate them because they’re rich. i hate them because of what they’re trying to do to us. and i don’t hate musk.

            most of you don’t believe this, but musk is making the world a better place. he is very productive and he has learned to love freedom. that’s why the left has grown to hate him and wants to take him down.

            he’s probably the biggest and most important ally that freedom has right now. i hope you guys learn to appreciate him and don’t hate on him. he’s on your side.

          3. Musk is one of them. Look into his maternal grandfather and his father’s South African emerald mines. His persona is as much a media creation as COVID.

          4. “musk is making the world a better place. ”
            🤣

            Driving up your own transportation cost by 39% makes whose world a better place?

          6. he is not ‘one of them’. it doesn’t matter what his parents did. it matters what he does.
            I would think everyone here would agree to that obvious statement, but If not, then write that repatriation check because of what your great great-great-great-great-greatfather may or may not have done.

          7. “Driving up your own transportation cost by 39% makes whose world a better place?”

            why don’t you try to explain how he’s driving up transportation costs? (this should be good)

          9. There’s an entire community on Twitter, $TSLAQ, dedicated to exposing Elon’s innumerable frauds.

            do you know what “q” means at the end of a stock symbol? it means the company is going bankrupt. except that tesla isn’t going bankrupt. all you have there is a little musk hating community. i know of them and wouldn’t believe a word they say.

            6 or 7 years ago i was warning against musk. back at that time, i may have spoken against him right here on this blog. but he has changed some of his positions since then. he isn’t near as ‘left’ as he used to be. just very recently he took a new position on what he thought was the most important thing in the world. just a few months ago he said it. you know what he said? ‘freedom’. you know what he said it was before that? ‘language’. he has changed. and the left absolutely hates that he said ‘freedom is the most important thing in the world’. he’s the best and strongest ally in the world for people that value freedom right now. and it sounds like you want him taken down just like the left does. very foolish, but people are going to do what they want to do.

            anyway, i’m not watching those videos. if he’s committed fraud, pick the worst one and tell me about it. we’ll go from there.

            pick one of the frauds and explain it to me…

          10. “Elon’s innumerable fraud”

            Does that cover MuskRat’s $100 million budget lobbying congress to make internal combustion engines illegal?

            He’s a fraud like electric cars, solar panels and windmills.

          11. “musk is making the world a better place.
            he has learned to love freedom.
            most important ally that freedom has right now.
            he’s on your side.”

            Yuck. Did you honestly write that? Man, people are more gullible than they let on.

          13. I’m relistening to the two podcasts that I posted. The host teased them on Twitter with “Organized crime, drug cartels, illegal hacking, retaliation, and so much more!” Karl Hansen is a whistleblower cooperating with the SEC.

          17. “Does that cover MuskRat’s $100 million budget lobbying congress to make internal combustion engines illegal?”

            musk is not presently, nor has he EVER tried to get internal combustion engines banned, neither by lobbying congress nor by any other method. you are simply wrong and you’ll never be able to prove such a statement.

          18. There’s enough gullibility to go around, that’s for sure. Some of the conspiracy theories are true, but not all of them. Just because Twitter censors it doesn’t make it true. Just because a video is on Bitchute doesn’t make it true either. All it means is that the content is allowed to be posted. But that content still needs to be verified, debated, refuted, argued, etc, just as much as the left-wing theories.

            As for Musk, yes, I agree he has slowly been moving conservative. It started when California said his Tesla plant wasn’t essential and shut it down in the early days of the pandemic, and continued with the taxes and regulations. But that doesn’t mean Musk is going full-on Alex Jones either. A lot of these former liberals are pulling to the right, but then stopping in the middle, purple-pilling, if you will. I think that might be where Musk is now.

          19. ‘Just because Twitter censors it doesn’t make it true’

            One can see how far we’ve slid into commie hell. What’s ‘true’ isn’t for any one man or company to decide. Freedom requires all voices to be heard. Short of that, it’s time to water the tree of liberty.

          21. “It started when California said his Tesla plant wasn’t essential and shut it down in the early days of the pandemic, and continued with the taxes and regulations.”

            Exactly. In addition to shutdowns lots of businesses had their storefronts defaced, destroyed or looted during the “doting dad” pre 2020 election riots, and local governments ordered their police to stand-down, but come property tax time it’s pay-up or suffer added penalties too!

          22. little musk hating community

            Ad hominem attack.

            pick one of the frauds and explain it to me…

            Musk admits in his SolarCity deposition that Tesla, SolarCity and SpaceX are a “pyramid” on top of which he sits, and that it is “important that there not be some sort of house of cards that crumbles if one element of the pyramid . . . falters.”

          23. thought you said that nothing i say matters to you. yet here you are. anyway…

            cheops is a pyramid too. it isn’t a pyramid scheme though. neither is spacex.

            nothing you’d said indicates fraud. he sits atop his business structure like atop a pyramid. so what? there’s nothing weird or wrong with that.

          24. A person who resorts to ad hominem attacks and refuses to consider whistleblower testimony (elsewhere provided to the SEC and FBI) expects me to prove here on HBB a RICO, evidence of which is in said whistleblower testimony.

            tj is OneAgainstMany 2.0.

          25. A person who resorts to ad hominem attacks

            something you never do of course.

            and refuses to consider whistleblower testimony (elsewhere provided to the SEC and FBI) expects me to prove here on HBB a RICO, evidence of which is in said whistleblower testimony.

            so you can’t prove it, right? there’s an easy remedy. don’t make claims of fraud if you can’t prove them.

            tj is OneAgainstMany 2.0.

            why don’t you ask some longtimers here how close i am to OAM’s thinking?

    2. Musk is of no concern to me because today globalist elitist cucks want to inject me and my family with poison.

      Let’s get them dead first then worry about who milking the government for EV credits.

  11. Democrats – a criminal enterprise masquerading as a political party – will always take a hug-a-thug approach when it comes to dealing with vibrancy, so as not to alienate a key Democrat voting bloc.

    So much for NYC’s ‘tough on crime’ new mayor: Ex-cop Eric Adams backs Manhattan’s ‘progressive’ new DA, Alvin Bragg, who won’t seek prison for most crimes and will downgrade felony charges in armed robberies and drug dealing

    https://www.dailymail.co.uk/news/article-10369285/New-Manhattan-DA-Alvin-Bragg-stops-seeking-prison-sentences-crimes.html

    Manhattan’s new district attorney has unveiled a sweeping new policy to only seek prison sentences for a handful of offenses, and downgrade or dismiss charges for many felony crimes – and Mayor Eric Adams is on board with the plan.

    Alvin Bragg, who took office over the weekend, revealed his progressive new approach in a ‘day one policies and procedures’ memo released on Monday.

    1. “The Democrat said offenses like marijuana misdemeanors, prostitution, resisting arrest and fare dodging will no longer be prosecuted.”

      Not good regarding resisting arrest as innocent third-parties can get hurt during a struggle to drive away or fight over a weapon.

      1. I vote with my feet and my wallet.

        Buying rural land in Southern Colorado, and renting in South Denver, because I’ll never be more than 12 months away from the end of a lease here.

  12. Globalists gonna globe.

    Emmanuel Macron says he wants to ‘p*** off’ the unvaccinated in foul-mouthed rant vowing to ban them from public places including restaurants, cinemas and coffee shops from next week

    https://www.dailymail.co.uk/news/article-10369781/Macron-says-wants-p-unvaccinated.html

    French President Emmanuel Macron said yesterday he wanted to ‘p*** off’ the unvaccinated by introducing fresh legislation to ban them from public venues.

    The cutting remark prompted howls of condemnation from opposition rivals less than four months before the next presidential election.

    1. Heard some Holocaust survivors talk about what these monsters would do to them, like giving them smaller portions of food , to make them ill. This was after they would break these peoples backs making them do work details that was inhuman.
      This one Lady who was 7 in the camps was talking about how she missed being killed by just days because the Russians came in.
      And these psychopaths are already taking people to camps in Australia, and they are actually talking about doing this in the USA.

      1. This worldwide Covid-19 Scamdemic will go down in history as the biggest attack on the rights of people ever. Seeing the absolutely brazen abuse of power in places like Australia, New Zealand and Germany demonstrates how easy it is for a small group of zealots to seize control of power even in a free democratic society. We need to stop dumping on what Hitler did since we’re getting much closer to creating an even worse world everyday now. Think “1984”.

        It’s HELL in a technological world. This kind of world didn’t exist the the 1930s.

        1. There will be Nuremburg trials for this.

          It may take a civil war or revolution to make it happen, but there will be justice.

          The Glowies (waves at Glowies) know that there are over 300 million guns in civilian hands in the United States.

          Antifa (the brownshirts of the Democrat Party) are p*ssies. When Go Time pops off, they will be squashed like cockroaches under a bootheel. Apologies to cockroaches for this analogy, as cockroaches actually perform a needed task in the ecosystem of their existence.

          January 6th was a f*ing joke. I’d like to meet the guy who took a dump on Senator Schumer’s desk and buy him a beer 🙂

          1. Antifa (the brownshirts of the Democrat Party) are p*ssies.

            Antifa & BLM have corporate sponsorship as they execute the globalists’ orders to systematically destroy and tear down all the symbols of our former heritage and history. The DNC and its FBI Chekists took a knee for these “insurrectionists” who can count on kid-glove treatment from “our” globalist-subverted “justice” systems.

            Colston vandals are CLEARED: Gleeful BLM activists thank Banksy for his support after they are acquitted of criminal damage over toppling of Edward Colston statue – sparking outrage that jury has given a ‘green light to political vandalism’

            https://www.dailymail.co.uk/news/article-10371949/BLM-protestors-not-guilty-criminal-damage-toppling-Edward-Colston-statue-Bristol.html

            Furious campaigners have slammed the decision to acquit four people who admitted playing a part in the destruction of the historic statue of slave trader Edward Colston during the Black Lives Matter protests in 2020.

            Rhian Graham, 30, Milo Ponsford, 26, Sage Willoughby, 22, and Jake Skuse, 33, were cleared of all criminal damage charges at Bristol Crown Court on Wednesday after requesting that the trial be heard in front of a jury.

  13. Even some Real Journalists are getting uncomfortable with the “woke” agenda and pathological anti-white hatred of globalist media bosses.

    ‘CBC produces clickbait that’s a parody of the student press’: Senior journalist quits broadcaster over its ‘radical political agenda’, ‘woke worldview’ and belief ‘that some races are more relevant to the public conversation than others’

    https://www.dailymail.co.uk/news/article-10369087/Canadian-journalist-explains-quit-CBC-joined-Substack-wokeness.html

    A veteran Canadian Broadcasting Corporation journalist has announced that she’s quit the company due to ‘woke’ policies implemented by senior staffers that hindered her ability to do her job.

    Tara Henley made the stunning claim in a strongly worded piece posted to the online writing platform Substack, a subscription-based service where authors can publish – and monetize – their work, for an audience that pays a monthly premium.

    In her writeup, Henley – who worked as a TV and radio producer and occasional on-air commentator for the broadcast giant – slammed CBC brass for what she called ‘a radical political agenda that originated on Ivy League campuses in the United States.’

    1. +1 again and again for Substack.

      This is one way we deny revenue to Real Journalists, and give money to original content creators off the plantation.

    1. As long as they can get away with stuffing the ballot box, why should they give a whit about pools and approval ratings?

      1. Don’t project your defeatism on the rest of us here.

        They will not “get away” with much when they find themselves standing on a gallows platform and feel the noose placed around their necks.

  15. California news claiming the new French variant IHU detected in California.
    They aren’t going to stop. They got to rig the 2022 elections, destroy more medium and small business, loot more, destroy more, kill more , to bring on vaccine passports and advance their Great Reset.
    Just so fu*king evil. They actually think they are going to pull this off.

    1. They actually think they are going to pull this off.

      They aren’t waving any white flags or “pivoting”. They want all the marbles.

      1. They are using Nazi tactics to target the enemy. In Nazi Germany they did it in steps.

        First bad mouth them.
        Than order that Germans can’t talk to German Jews.
        Than they ordered that the Jews couldn’t talk in class and had to sit at the back of the class.
        .
        Than they banned them from public pools and other privileges.
        Than they started destroying their businesses.
        Than they started isolating them in Ghettos.
        Than they started taking them to camps, or killing them even before they got to camps depending on the area you were in.
        Started cutting down their food also as well as working them to death. Medical expierments on target groups.
        Final mass murder in camps by force.
        All these methods were designed to isolate, than break the Spirit of the target group, than kill.
        So Klaus Schwab , Soros and Fauci are Nazis if I have ever seen ones.

        The big enemy now are Whites, the unvaccinated, anybody that disputes their fraudulent narratives.
        Get dumb ass people to hate the targeted groups to divide and conquer.
        The narratives get more ridicules by the minute .

        its interesting how people who heard Hitler talk in those early days knew he was a hateful nut, and they never though he could rise to the power he did, which was done in steps.

    3. From Bloomibergi about the “IHU” variant:
      —–
      “The World Health Organization said a coronavirus variant found in France hasn’t become much of a threat since it was first identified in November. The variant “has been on our radar,” Abdi Mahamud, a WHO incident manager on Covid, said at a press briefing in Geneva on Tuesday. “That virus had a lot of chances to pick up.”
      —–

      In other words, it appeared at about the same time as Omicron, but never took off. Looks like both Delta and Omicron can out-compete it.

      (As an aside, one of the other news articles says that this variant is “more transmissible than Omicron.” I think that’s a mis-statement. Other news articles said (paraphrase) that “IHU contains the N501Y mutation, which was first identified on Alpha, which may make it more transmissible.” In other words, IHU is more transmissible than wild type, not more transmissible than Omicron.)

      1. Since it allegedly is from France maybe it could be the Le Pew variant … oh, wait … Pepe was cancelled.

      2. A variant doesn’t get a Greek letter until the WHO labels it a variant of concern. “IHU” hasn’t gotten there yet; not sure it ever will.

  16. I went to my local Kaiser Permanente clinic to pick up a prescription at 1 pm yesterday. There was a line of cars 250 yards long on the street–they were all there to get a Covid test. Once inside the large parking lot, the line snaked around the lot–the line must have been 1/4 mile long!

    A few weeks ago I got tested (to rule out Covid-19, I was negative) at the same place and there was only ONE car in front of me.

    The number of Covid-19 cases statistic is completely useless. The number of cases is simply determined by how many people decide to get tested. If you panic the population like they’re doing now and millions of people with mild disease rush to their nearest testing center, you’ll have a big increase in the number of cases. The number of Covid-19 cases was never ever defined–it was not confined to the number of people who were actually diagnosed by a doctor to be ill from the virus. This was not the case with AIDS which had an elaborate and accurate criteria for what constituted a “case”.

    The most accurate number to gauge the Covid-19 situation is how many people are dying from/with Covid-19. That number in places like California is still heading DOWN meaning that this epidemic is on its way out.

    1. Hey, at last we agree! 😀 At this point, cases are basically a function of testing. But I would prefer to use hospitalization data as the main marker rather than deaths. Hospitalization data is what the governments are using to spread fear: “ICUs are filling up!”

      FYI, there are some articles and blog posts floating around, citing German data which report that the vaccinated are getting Omicron at a higher rate than unvaccinated. The data is being used to suggest that this is ADE. However, I disagree. The vaccinated are “getting” Omicron more, only because they are being TESTED more. The vaxxed are running to test centers like good little sheep, while the unvaxxed aren’t going to stand in line just because they have a sniffle. So, I think any data about Omicron cases in vaxxed vs. unvaxxed is invalid.

      1. So, I think any data about Omicron cases in vaxxed vs. unvaxxed is invalid.

        Any government supplied data is little more than propaganda.

      2. Actually death data is so screwed up because of the everything is Covid 19 scam , where Hospitals are paid extra for a Covid death.

        Its not accurate to call a death a death when the victim was denied viable treatment, and given the Dr Fauci protocol that killed thousands. What do you call that, death by malpractice?
        Pharmacies and Hospitals refusing to honor meds percribed by Doctors or requests for meds that work by the patient or the family.
        Not accurate to distort vaccine death and injury.

        There is nothing about this scam that is anything but one big fraud in regards to just about everything.

        All this over a disease that was affecting under 1% of the population, mostly the elderly with comorbibities, the obese, etc.
        I predict that the stats will show a big increase in deaths from the 65 and older age group for 2021, in spite of vaccine roll out in january.

      3. “So, I think any data about Omicron cases in vaxxed vs. unvaxxed is invalid.”

        There is no Vaccine for Covid. You don’t get to change a definition to suit your agenda.

        Next thing you know you’ll change the definition of man and woman!

    2. “I went to my local Kaiser Permanente clinic to pick up a prescription at 1 pm yesterday. There was a line of cars 250 yards long on the street–they were all there to get a Covid test. Once inside the large parking lot, the line snaked around the lot–the line must have been 1/4 mile long! ”

      speaking of long lines, the newly opened raising cane’s here in citrus heights ca could easily do a rapid covid test for the 25+ cars in drive thru. maybe a food promo thing.

      and the line never thins.
      noon-to-close.
      unreal

    3. If you panic the population like they’re doing now

      The few people I know who have had Omicron (all out of state) said that it was like a mild cold.

    1. So it took a committee chock full of six figure salaried bureaucrats 15 months to approve the design, and no one noticed that the Wright Bros. airplane was flying backwards. Brilliant.

  20. Globalist media outlets tell us the civil unrest in Kazakhstan is about fuel price increases. Dig a little deeper and you find out what it’s really about: a populace fed with with corrupt oligarchical elites running the country like their private looting preserve, accumulating fantastic wealth while the vast majority of the population slips further into debt & despair. Legitimate dissent is of course censored and silenced. Sound familiar?

    What is behind the protests rocking Kazakhstan?

    https://www.aljazeera.com/news/2022/1/5/explainer-what-is-behind-the-protests-rocking-kazakhstan

    “Fuel prices were a catalyst that triggered mass protests over long-held grievances in a country riddled by corruption, lack of political choice and civil freedoms and where ordinary people often struggle to make ends meet while the elite lead luxurious lives,” said Marius Fossum, a regional representative of Norwegian Helsinki Committee based in Almaty.

    “Rights groups have warned against such developments for years – this crisis is in part due to the regime’s continued failure to adequately engage with the population and listen to and address people’s legitimate grievances.

    “On the contrary, the regime has suppressed freedom of expression, freedom of peaceful assembly and has been cracking down on dissenting voices, leading to a sort of pressure-cooker situation in the country.”

    1. I believe that he Narrative is that only “haters” and a “losers who can’t make it here” are leaving.

  22. 15 cents on the dollar sounds a lot like an 85% loss, if my math is correct. What is 85% of $300 billion?

    In related news, the bagholder identification process is underway:

    “As more officials across China rush to take control of Evergrande assets before a potential court-led restructuring that would constrain their power, it’s making it more difficult for creditors to gauge the true state of the developer’s financial health. Understanding the value of Evergrande’s land and unfinished projects is key to determining whether Evergrande bonds are worth buying at prices of about 15 cents on the dollar.”

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