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Wishing For A Pony, And A Unicorn To Boot

A report from the Idaho Statesman. “Newly constructed homes in Ada County dropped from a median price of $601,301 in November to $579,990 in December. The relative affordability that once helped attract buyers from more expensive places has partially worn off. ‘With inventory going down, it’s really going to depend on are people still working from home and are they going to continue to move here?’ said associate broker Christina Ward. ‘Or has everyone moved here that’s going to move here?'”

From Socket Site in California. “Restored Mayor’s mansion Quietly Sold at a Big Loss.”

The Albany Business Journal in New York. “The legal wrangling over the former Kenwood Convent isn’t over. The property owner has notified state Supreme Court in Albany it’s appealing a ruling handed down in December in favor of the lender trying to foreclose on the secluded, 75-acre property at 451 Southern Boulevard. Jacob Fryman, Kenwood Commons LLC and two trusts that borrowed $5 million from TGB Funding LLC of Brooklyn filed the notice Dec. 30.”

“Frydman, a real estate developer, unveiled plans in fall 2018 to convert the former convent into a $500 million retreat with more than 2,000 apartments, condos and townhouses as well as two hotels, retail stores and other uses. Although some renovations were done to the buildings, the project didn’t move forward. Contractors filed liens, taxes weren’t paid, and the property was put up for sale.”

The Real Deal on Illinois. “The former Cambria Chicago Magnificent Mile hotel in Streeterville was sold at a discount of almost 50% in December to an enterprise owned by Marc Realty Vice President Gerald Nudo, capping off a tumultuous two years for the business.”

“Though Nudo paid $18.8 million for the property, the full purchase price of what is now the Hotel Audrey came out to about $24 million, including furniture, fixtures and equipment, according to Crain’s. That’s roughly half of the $45 million the sellers sunk into the property since acquiring it in 2012. Chicago hotels have been among the pandemic’s hardest hit businesses, with more than half of the city’s hotels at least 30 days delinquent or in special servicing, a step toward resolving a debt, often by a sale.”

From Bloomberg. “The amount of government bonds hitting the private sector is set to swell in 2022, adding pressure on yields to rise further as investors across most major markets absorb much larger helpings of debt. While governments are set to pare borrowings as fiscal outlays ease, the $2 trillion drop in central banks’ net demand will provide a risky real-world test of how much private demand exists. With inflation driving most policy makers to err on the side of tighter settings — some central banks already plan to start trimming their balance sheets — investors will need to absorb an increase in effective supply of about $230 billion.”

“‘The inflation genie may well be out of the bottle, and in that case the extra bond supply threatens to become part of a vicious cycle that sends yields grinding higher because price pressures will force central banks to go on trimming QE,’ said Stephen Miller, an investment consultant at GSFM, an arm of Canada’s CI Financial Corp.”

The Globe and Mail in Canada. “If you find yourself in a hole, the first thing to do is stop digging, or so goes the old saying. But that’s wrong. The very first thing to do is admit you are in a hole, or at least stop bellowing at those attempting to point out that fact. So it goes with Canada’s real estate market, and even the most modest of taxation proposals to slow down the runaway growth of housing prices (and give younger Canadians a slender chance of owning a home).”

“Exhibit A: an idea floated by University of British Columbia professor Paul Kershaw and dozens of other experts for an annual surtax on properties worth more than $1-million. Those three letters – T A X – were enough to tee up predictable outrage about Ottawa being hell-bent on confiscating the hard-won assets of Canadians and threatening them with impoverishment in their retirement.”

“It bears repeating that the federal government has shown no interest in a broad move to tax principal residences, although the Liberals have promised a so-called flippers’ tax that would extract a smallish levy from anyone selling a home without an officially sanctioned rationale. Equally spurious is the notion that a housing tax, in any form, represents a mortal danger to retirement plans. For a start, you’d need to believe that those retirement plans were predicated on an unending surge in real-estate prices. That’s not planning; it’s wishing for a pony, and a unicorn to boot.”

From Radio New Zealand. “Although the share of loans on shorter term fixed rates is dropping, it remains fairly high, with 54 percent due to be refinanced within the next 12 months, said CoreLogic’s chief property economist Kelvin Davidson. ‘When you add in 11 percent floating debt, you’ve still got about two-thirds of loans in New Zealand that will be exposed to higher mortgage rates fairly shortly. That will be a headwind for the housing market itself, as well as the wider economy as households are forced to divert their spending towards mortgage debt repayments.'”

“Davidson said he would also be keeping a close eye on the lending data by LVR – especially how tough the banks prove to be on the share of owner-occupier lending done at a low deposit. ‘In 2017, when the speed limit was last set at 10 percent, in practice the banks operated much more cautiously at only 5 percent of lending at a low deposit/high LVR. If history repeats this time around, there is still plenty of tightening yet to come for low deposit lending, which is likely to hamper first home buyers the most – just at a time when they’re reportedly also being hit very hard by the CCCFA requirements around more stringent income and expense testing.'”

From Stuff New Zealand. “Another issue would be the impact of higher mortgage rates on the many borrowers who had fixed loans due to refinance, Davidson said. ‘If someone fixed for one year in May last year at about 2 per cent, they are looking at a rate of 4 to 4.5 per cent in a few months’ time when their term is up. It’s quite a change.'”

From CNN Business. “China’s real estate sector is having a rocky start in 2022, as some of the country’s most high-profile developers struggle to shake off a crisis that has been growing for months.This week, two major credit rating agencies downgraded Shanghai-based developer Shimao Group further into junk territory. The company has been grappling with mounting debt and is considering selling some properties to reduce its debt load.”

“‘Shimao’s liquidity has significantly deteriorated — the decline is worse than we previously anticipated,’ said S&P Global Ratings, which cut the company’s credit rating to B-. Just two months ago, S&P was still rating Shimao as investment grade. ‘We now assess the company’s liquidity to be weak.'”

“Other developers — including Kaisa and Fantasia — are also struggling with the fallout from the real estate sector turmoil, as the deepening slowdown in the property market,coupled with risk aversion among banks and investors, makes it harder for them to refinance. On Tuesday, analysts from Morningstar said liquidity stress in China’s property sector could become a ‘downward spiral’ because of all the credit rating downgrades, which will cut off developers from accessing capital markets even more.”

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This Post Has 122 Comments

  1. ‘a risky real-world test of how much private demand exists’

    Good question, who’s up to pay to lose money from day one?

    A great day for viscous cycles and downward spirals!

  2. ‘Equally spurious is the notion that a housing tax, in any form, represents a mortal danger to retirement plans. For a start, you’d need to believe that those retirement plans were predicated on an unending surge in real-estate prices. That’s not planning; it’s wishing for a pony, and a unicorn to boot’

    News break Pat. I’d bet the majority of kdn loanowners are betting their retirement on just that.

  3. More… Dr. Malone Mentions Possible Outbreak in China of Ebola-Like Hemorrhagic Fever Virus or Marburg Virus — That Has Only 50% Survival Rate

    https://www.thegatewaypundit.com/2022/01/dr-malone-mentions-possible-outbreak-china-ebola-like-hemorrhagic-fever-virus-marburg-virus-50-survival-rate/

    As reported on Monday — Dr. Robert Malone joined Steve Bannon on The War Room to discuss the latest viral outbreak in China. The communist regime is hiding the nature and spread of this new disease.

    This has many experts worried including Dr. Malone who is the inventor of the mRNA vaccines. Dr. Malone today told the War Room audience that he is hearing the current disease that is spreading across China is reportedly an “Ebola-like hemorrhagic fever virus.” The regime is hiding the true nature of this disease from the public and from the global community — Just like last time!

    2. The communist regime is hiding the nature and spread of this new disease.

      Have they postponed their Winter Olympics yet?

    3. “Ebola-like hemorrhagic fever virus.”

      Well I hope they’ll have better success isolating that virus than they did with Covid. But if not, I’m sure they have other means of scientifically demonstrating the virus’s existence.

        1. Forgot isolating. Containing. For better or worse, Ebola and Marburg viruses kill their hosts quicker than they propagate.

        3. And no need to bother with any of that biostats nonsense. Sample sizes, confidence intervals– forget all that stuff. It’s very easy: dead body, blood –> virus du jour. Case closed.

  4. The globalists & their Quislings drop the mask more each day.

    Guerrilla war exercise to be fought across rural North Carolina counties, Army warns

    https://www.msn.com/en-us/news/us/guerrilla-war-exercise-to-be-fought-across-rural-north-carolina-counties-army-warns/ar-AASDjEy

    CHARLOTTE, N.C. — A “realistic” guerrilla war will be fought across two dozen North Carolina counties in the coming weeks, with young soldiers battling seasoned “freedom fighters,” according to the U.S. Army.

    The two-week “unconventional warfare exercise” will be staged Jan. 22-Feb. 4 on privately owned land. And it will be realistic enough to include the sounds of gunfire (blanks) and flares, the U.S. Army John F. Kennedy Special Warfare Center and School said in a news release.

  5. ‘If someone fixed for one year in May last year at about 2 per cent, they are looking at a rate of 4 to 4.5 per cent in a few months’ time when their term is up. It’s quite a change’

    Adjustable means up.

    ‘‘In 2017, when the speed limit was last set at 10 percent, in practice the banks operated much more cautiously at only 5 percent of lending at a low deposit/high LVR. If history repeats this time around, there is still plenty of tightening yet to come for low deposit lending, which is likely to hamper first home buyers the most’

    Banks pull up the rug even more than guberment wants? Happens every time.

    ‘just at a time when they’re reportedly also being hit very hard by the CCCFA requirements around more stringent income and expense testing’

    Day after day, it’s shortage, red hotness, yadda. When the SHTF, it’s all about credit.

    1. “Day after day, it’s shortage, red hotness, yadda. When the SHTF, it’s all about credit.”

      Yep, and guess who it is that is in control of the credit valve?

      😁

      Bankers rule, others drool.

    2. flurry of house renovations have commenced this week by homeowners here in N. Sacramento area.
      I dunno why the sudden surge: maybe contractors are able to finally get the needed materials? maybe it’s a “get it done now before prices rise again” mantra?
      the dry spell & good weather certainly helps.

      1. “maybe it’s a “get it done now before prices rise again” mantra?”

        And interest rates for borrowing rise faster than bond yields.

    3. This is i dont get. When rates were at all time lows, why didnt they lock in for long periods instead of a short term adjustable.

        1. During the midst of a housing mania a house buying puke who is thoroughly and properly dumbed-down will want to get the most house for the most amount of money that he is eager to plunk down. He will get the most amount of money by entering into some rather stupid loan arrangements with his lender.

      2. When rates were at all time lows, why didnt they lock in for long periods instead of a short term adjustable.

        I think that mortgages in most of the world are only adjustable. Many years ago my UK relations almost lost their home when mortgage rates climbed into double digits.

        1. From what I have heard you can get a fixed rate in Mexico, but it’s usually a much, much higher rate than an adjustable at the time. Like 8% vs. 4%.

  6. We’re gonna need a bigger gulag.

    Disgraced FBI No. 2 Andrew McCabe Calls For Feds To Treat ‘Mainstream’ Conservatives Like Domestic Terrorists

    https://thefederalist.com/2022/01/10/disgraced-fbi-no-2-andrew-mccabe-calls-for-feds-to-treat-mainstream-conservatives-like-domestic-terrorists/

    Have you ever wondered what disgraced former deputy FBI directors do after trying to stage a coup and lying under oath? Apparently, they give talks about “protecting democracy” at top-rated institutions of higher learning. Indeed, this last Thursday the University of Chicago invited former deputy FBI director Andrew McCabe to join a panel of partisans to discuss the Jan 6 “insurrection.”

    McCabe was fired as the deputy FBI director for leaking sensitive information about an investigation into the Clinton Foundation and then lying about it under oath. He also took part in spying on the Donald Trump campaign through a secret warrant granted by the Foreign Intelligence Surveillance Act court.

    1. One more bit of proof that they want all the marbles. They are not the “loyal opposition”. That ended decades ago. A full dictatorship is their ultimate goal.

    1. Imagine what it would be like in these centers if these people weren’t eventually loaded into jets and buses, and resettled across the US.

  8. Oh dear…Aussie shack gambler dreams of effortless riches are going to be dying in the arse en masse.

    Interest rate rises could cause property prices to fall in 2022

    https://www.news.com.au/finance/economy/interest-rates/interest-rate-rises-could-cause-property-prices-to-fall-in-2022/news-story/be1d298173387ee49b1e3336b93628da

    There are two widely conflicting opinions on what will happen to house prices in 2022 but this chart doesn’t bode well for anyone paying a mortgage.

    1. Will they go on strike? Shutting their airlines down might be the only way to get the message across.

  11. ‘If someone fixed for one year in May last year at about 2 per cent, they are looking at a rate of 4 to 4.5 per cent in a few months’ time when their term is up. It’s quite a change.’”

    Can one even use the word “fixed” if the term is for one year?

    New Zealand is about to break some records for implosion.

    1. Per Excel’s PMT function, on a 15 year loan, that will result in a 19% increase in the monthly nut. About $600 more per month of a 500K loan. A 420K loan would now cost the same as what a 500K loan used to cost.

      That’s gonna hurt, especially when considering that most borrowers were already overextended.

      1. “They were lending up to 10 times income a few months ago.”

        Using money that belonged to somebody else, and collecting some mighty hefty fees in the process.

        😁

    1. Peppermint Psaki claimed the other day that it’s NOT a pandemic of the vaxxed, and that the unjabbed are still to blame for everything.

      2. Just a fine point, but sorting through data to see what is happening already is not in any way “modeling”. Modeling is a future swami prophecy thing.

        1. Modeling is a future swami prophecy thing.

          Yup, like when zillow “predicts” that your house will appreciate X% this year.

    3. At the end of 2020 we were getting the pre figures on the death count from all causes in US. Are they delaying this stat on purpose?

  13. Have you guys seen this? Alternative currencies are more than just rampant speculation and fueled by Yellen bucks (which was my hypothesis). It is also about blatant money laundering and tax evasion. See one example below. And then they wash it and buy properties in California, London, Vancouver etc.

    —-
    Mingling among them last month was a figure charting an unlikely ascent: a former McDonald’s burger-flipper and software developer who, practically overnight, has vaulted into the ranks of the world’s wealthiest people — cryptocurrency pioneer Changpeng Zhao.

    Mingling among them last month was a figure charting an unlikely ascent: a former McDonald’s burger-flipper and software developer who, practically overnight, has vaulted into the ranks of the world’s wealthiest people — cryptocurrency pioneer Changpeng Zhao.

    Banished from China — where it was founded — the company faces regulatory probes globally. The U.S. Department of Justice and Internal Revenue Service are investigating whether one entity Zhao controls, Binance Holdings Ltd., is a conduit for money laundering and tax evasion, according to people with knowledge of the matter. Spokesmen for the DOJ and IRS declined to comment.

    Binance’s future may hinge on whether it can reconcile with the world’s regulators and find a welcoming location to establish its headquarters.

    https://www.bloomberg.com/news/features/2022-01-09/binance-ceo-cz-s-net-worth-billionaire-holds-world-s-biggest-crypto-fortune


    1. In a region known for dizzying wealth, Zhao, 44, fits right in: His net worth is $96 billion, according to the Bloomberg Billionaires Index. It’s the first time Bloomberg has estimated his fortune, which exceeds Asia’s richest person, Mukesh Ambani, and rivals tech titans including Mark Zuckerberg and Google founders Larry Page and Sergey Brin.

      Zhao’s fortune could be significantly larger, as the wealth estimate doesn’t take into account his personal crypto holdings, which include Bitcoin and his firm’s own token. Binance Coin, now called BNB, surged roughly 1,300% last year.

      1. “Binance” sounds like some sort of currency the LGBTQXYZ123 crowd would use.

        wait a minute . . hmmm . . let’s not be so snarky & get ahead of this by using it to pay bar tabs, cover charge, bottle fees, & other assorted nightclub financial transactions.

        buy up Binance blocks then pay the influencers to use & promote it!

        woke: meet capitalism

    2. Meanwhile, Let’s Go Brandon is focused on the poor people who are forced to sell off their used clothing and trinkets on sites like Ebay.

    1. “House horny gonna need to find more money or else.”

      “… or else.”

      Bahahahahaha … my favorite part of your sentence.

      😁

    2. The Redfin real estate pimps tell me that rising rates make people want to buy even more, before rates go even higher.

      Not mentioned: Steep rate increases lead to to cratering housing prices.

  16. “For a start, you’d need to believe that those retirement plans were predicated on an unending surge in real-estate prices.”

    America’s retirement plan A…

  17. Now that bond yields are on the boil, are you planning to dump your stonks, cryptocurrencies, and real estate investments?

      1. They act like $40,000 Bitcoin is cheap, and that it’s slumming. They have no idea. $1,000 Bitcoin is expensive. Anything over $0 is expensive for that fake joke. Can you imagine trading over 20 ounces of gold for an imaginary Bitcoin?

    3. The Financial Times
      Global inflation
      Inflation in rich economies surges to a 25-year high
      Incoming Bundesbank chief Joachim Nagel warns of impact on consumer cost of living
      A woman inside a grocery shop
      In the US, the eurozone and the UK, inflation is running at more than double the 2% target set by their central banks
      © Michael Loccisano/Getty Images
      Valentina Romei in London and Martin Arnold in Frankfurt
      15 hours ago

      Inflation in the world’s rich economies has hit a 25-year high, fuelling concerns about the rising cost of living for households and increasing pressure on central banks to raise interest rates.

      The annual pace of consumer price growth in the OECD group of developed nations hit 5.8 per cent in November according to data released on Tuesday, up from just 1.2 per cent in the same month the previous year and the highest rate since May 1996.

      The increase was driven by energy prices, which soared by 28 per cent, up more than three percentage points from the previous month to the highest rate since June 1980. Food price inflation also picked up strongly to 5.5 per cent, from 4.6 per cent in the previous month.

      The data came as the incoming governor of Germany’s central bank warned that inflation could remain high for longer than economists expect.

      Joachim Nagel, who succeeded Jens Weidmann as Bundesbank president and a member of the European Central Bank’s governing council this week, said: “Citizens have considerably less money left in their wallets . . . Many people are concerned about this loss of purchasing power.”

      He said this raised several questions, including: “Is the very loose monetary policy still appropriate? If so, for how much longer?”

      In the US, the eurozone and the UK, inflation is running at more than double the 2 per cent target set by their central banks.
      …

      1. Was using Quantitative Easing to flood the planet with printing press monies in the middle of a government-mandated economic production moratorium a good move from the inflation-control standpoint?

  19. NBC is reporting that 1.3 million tested positive on Monday, while the Worldometers website reports 673K. That is quite a spread, 2X. Why do I have the sinking feeling that NBC is juicing the already juiced numbers?

    1. They are juicing the numbers.

      The #Narrative is unraveling, even the normies are waking up now. Senator Rand Paul’s confrontation of Dr. Fraudci today and what’s coming out of Project Veritas is encouraging.

      1. coming out of Project Veritas

        The spike protein is a dual-use bioweapon: virus and vaccine.

        Episode 1,552 – Abrams Throws Biden Under the Bus; Dr. Malone and Wolf Light Up Fauci (start at 24:15)

        Dr. Malone: “The implications of this are enormous. . . . The implications exceed those of the Pentagon Papers.”

    2. I really don’t pay attention to any of this stuff. But I decided to take a look at the “numbers,” and from what it looks like the cases under Let’s Go Brandon dwarf the previous administration, who were getting mercilessly pummeled by the media daily. What’s with the kid gloves treatment for this pants sh!tting old pr!ck?

      Didn’t this demented old crony boldly proclaim “I’m going to shut it down!” when asked about the virus? Yet, here we are. What has this piece of trash done but guarantee a worse quality of life for the masses? This guy should be stoned to death by an angry populace.

  21. Ok, so I predicted that they will announce a new vaccine which I based on Bill Gates saying words to effect that we need a new vaccine.
    Sure enough , Plizer CEO announce they have a new vaccine that will be ready in march.

    Also Plizer CEO changing his spin to words to effect that the two shots not effective. The opposite of what they were saying only days ago.

    Is the development of the new vaccine faster than a speeding bullet. ?

    1. By March Omicron will have burned itself out.

      Per Worldometers, South Africa’s daily new cases have dropped from a high of nearly 40K on Dec 12 to 2400 yesterday

      1. By March Omicron will have burned itself out.
        Dr, Campbell pretty much said the same thing in his You tube presentation. Essentially he said would be very surprised if we will be needed an Omicron vaccine in March.

    2. There are still a lot of letters left in the alphabet, so lots more “variants” to unveil as big pharma continues on their blood-thirsty, rapacious greedfest. Lots of jabs still in the queue.

  22. ‘The Los Angeles Times on Monday published a piece from columnist Michael Hiltzik calling for mocking the deaths of “anti-vaxxers” as “necessary.”

    ‘The first archive of Hiltzik’s column was titled, “Mocking anti-vaxxers’ deaths is ghoulish, yes — but necessary.”

    ‘The URL for the post suggests the column was initially titled, “Why Shouldn’t We Dance On The Graves of Anti-Vaxxers?”

    ‘Perhaps it was changed by Hiltzik or by an editor before it was posted (or right after). It currently reads, “Mocking anti-vaxxers’ COVID deaths is ghoulish, yes — but may be necessary.”

    http://www.informationliberation.com/?id=62795

      2. I wasn’t anti-vax until the CDC changed the definition of vaccine. I guess now I am officially anti-vax.

      3. Death Injection = Rothschild Cull Injection = RCI

        Let’s name this garbage for the filth behind the curtains.

    2. This illustrates a huge difference between globalists and normal people.

      Globalists want you dead and gone, and even admit they will celebrate your demise, i.e. “dancing on your grave”.

      Normal people do not wish ill on others for simply disagreeing with them. We will point out the error of their ways. But we do not hope for their comeuppance or demise, and if it happens we don’t celebrate it.

      Note: I am not talking about people who wish to harm us, just those who disagree with us. If someone wants to get jabbed, that’s their choice. It’s their body and their life. If they make a bad choice they will suffer the natural consequences and we can respect that. But Globalists want to force you to do things against your will. And if you won’t comply, they want you to die.

      1. ‘Globalists want you dead and gone’

        I’ve been thinking along these lines: the same people who say for decades, “we need to kill off billions of people” go on about “saving lives” with a straight face.

        1. we need to kill off billions of people

          Project Veritas Obtains Hidden Military Documents Showing NIH Intent To Create SARS-CoV-2, Using Gain-Of-Function Research

          ♦ January 9, 2017 – [Four Days after the Susan Rice Oval Office meeting with Obama, Biden, Comey, et al] – The Obama Administration re-authorizes funding for the creation of SARS biological weapons. “Adoption of these recommendations will satisfy the requirements for lifting the current moratorium on certain life sciences research that could enhance a pathogen’s virulence and/or transmissibility to produce a potential pandemic pathogen (an enhanced PPP).“

          1. As Fauci gets grilled by Rand Paul this morning.

            https://twitter.com/GOPoversight/status/1480909671082901504:

            🚨BREAKING🚨

            We’ve released never before seen emails showing Dr. Fauci may have concealed information about #COVID19 originating from the Wuhan lab & intentionally downplayed the lab leak theory.

            @RepJamesComer & @Jim_Jordan want Fauci under oath. Time for answers. 1/2

            https://twitter.com/GOPoversight/status/1480909673322717186:

            To read excerpts of emails released today, click here. 2/2👇

            https://republicans-oversight.house.gov/wp-content/uploads/2022/01/Letter-Re.-Feb-1-Emails-011122.pdf

          3. “As Fauci gets grilled by Rand Paul this morning.”

            I like Rand Paul a lot, but when he grills Fauci I wish he was a lawyer. He’s clearly right and he has the evidence but his questions need to be yes or no questions. The way he asks allows Fauci to squirm and obfuscate and make a mess of things.

          4. RR these are exactly the posts I would have posted on this topic were I not so busy um… working, on a weekday during business hours.

            This whole bullsh*t narrative is collapsing in real time, before our very eyes. Normies still living in the normie world media ecosystem don’t know it yet, but they will.

            This whole scamdemic is the Tuskegee Airmen experiment at an exponential level.

            Ben, get the ropes ready. We can’t let these globalists get away with this…

          5. Tuskegee Airmen

            Those guys were great war heroes. The atrocity you refer to was called the Tuskegee Experiment. Separate things.

    3. The media has already been doing it for a while. I’d love to see somebody split this guy’s skull in half with an axe, but that’s just me.

  23. President Trump has deep roots in and opened his wallet for AZ state elections this fall. Big event 1/15.

    Whats Sin-D McCain up to these days?

  24. “How many FBI agents or confidential informants actively participated in the events of January 6th?”

    FBI: I can’t answer that? WTF

    The Columbia Bugle 🇺🇸
    @ColumbiaBugle
    ·
    Jan 11, 2022
    Senator @tedcruz’s Full Questioning Of The FBI At Senate Judiciary Hearing Today About Whether There Were FBI Informants Present On January 6th And Ray Epps

    “How many FBI agents or confidential informants actively participated in the events of January 6th?”

    “Who is Ray Epps?”

    https://twitter.com/ColumbiaBugle/status/1480941660401979405?s=20

    1. This exchange just streamed on C-SPAN Radio while I was busy in the kitchen. January 6th is a f*ing JOKE.

      Globalists gonna globe.

  25. Vicious psychopaths that attack the unvaccinated.

    First it was lets fine them.
    Than it was let take away their right to go to restaurants or any recreational activities.
    Than it was lets deprive them of anything but being a a prisoner in their home.
    Than it was they should be deprived of groceries.
    Than talk about taking their children from them. .
    Than they belong in Covid prison camps.
    Forced injection by a strike force, against the parties will.
    Now, dance on their graves.
    All this hate just because the person doesn’t want to take a experimental vaccine, that isn’t even a vaccine, based on untested technology, where they rigged the trial and prior trials the animals died.

    I got so many strike against me in that I’m white, I’m elderly, and I’m not vaccinated.
    Mass madness lead by psychopaths.

  26. ‘With inventory going down, it’s really going to depend on are people still working from home and are they going to continue to move here?’ said associate broker Christina Ward. ‘Or has everyone moved here that’s going to move here?’”

    Or, have a bunch of the people who already moved here going to move back because they didn’t realize what it’s like to live through six months of winter.

    1. Remember, the Left is committed to preserving democracy, as in the Democratic People’s Republic of Korea.

      1. Democratic

        Calling things by their right name is the beginning of understanding. The reverse must be true.

          2. we would be Australia or Canada.

            Well no. Canadians actually have no “rights”. Don’t know about Australia, but as the saying goes; they too have the queen on their money.

          4. Well no.

            Then why are the Ds so hell bent on federalizing elections and impinging on Second Amendment rights? Did you listen to last week’s Supreme Court oral arguments? The three liberal justices displayed an alarming lack of concern for federalism.

          5. We have rights and we have Federalism and need to defend both. I’m just saying that Canada is farther down the scale than you give them credit for, having no constitutionally guaranteed rights to begin with.

          8. having no constitutionally guaranteed rights to begin with

            I have seen articles pop up, complaining that the US Constitution and the Bill of Rights are archaic and problematic, and should be replaced with a new Constitution, one that preferably lacks a Bill of Rights. Sure, it would “guarantee” employment and healthcare; but it won’t guarantee that you’ll be able to make ends meet on your wages or that there will be anything to buy nor that the “healthcare” will be in any way helpful.

  29. The Federal Reserve Keeps Buying Mortgages

    01/08/2022
    Alex J. Pollock

    Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak,

    The total assets of the Federal Reserve reached $8.7 trillion in November 2021. This is just about double the $4.5 trillion of November 2016, five years before—and we thought it was really big then. Today’s Federal Reserve assets are ten times what they were in November 2006, 15 years ago, when they were $861 billion, and none were mortgages.

    The Federal Reserve now owns on its balance sheet $2.6 trillion in mortgages. That means about 24% of all outstanding residential mortgages in this whole big country reside in the central bank,

    This $2.6 trillion in mortgages is 48% more than the Federal Reserve’s $1.76 trillion of five years ago, and of course, infinitely greater than the zero of 2006.

    https://mises.org/wire/federal-reserve-keeps-buying-mortgages

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