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The Debacle Adds To A String Of Defaults And Distress

A report from Newsday. “After offering protection for homeowners for nearly two years, New York state’s moratorium on foreclosures is set to expire Saturday, and data show 14,500 Long Island borrowers are seriously behind on their mortgages. Nick Sakalis, a real estate agent at Coldwell Banker American Homes in Syosset, said while there might be some homeowners in a position to pay off their debt through a sale, others who pulled money out of their homes through refinancing and home equity lines of credit may not have that option. ‘This market is not going to help them,’ he said.”

“There are federal funds available for homeowners behind on their payments, but they won’t be enough to help all those in need. The $539 million Homeowner Assistance Fund, a federal program administered by the state, can help people at risk of default or foreclosure because of financial hardship related to the pandemic. The aid is ‘a big drop, but it’s a drop in the bucket,’ said Kirstin Keefe, a senior staff attorney at the Empire Justice Center in Albany.”

From KTVB in Idaho. “Local builders and city leaders worry about nationals hurting local builders who don’t have the same buying power. ‘[They] kind of squeeze out some of the other local builders that have been around in some capacity and maybe inflate prices a little bit in the interim when they come,’ Alturas Homes owner Rod Givens told KTVB. Givens and Eagle Mayor Pierce say the nationals outbid local builders for land across the valley and then hold on to plots without moving dirt for years as part of their long-term plan. ‘I know a lot of different homebuilders throughout that have gone out of business,’ Pierce added.”

The Mitchell Republic in South Dakota. “The former Kelley house just got a lot cheaper. After sitting on the market for a little over a year, the multimillion-dollar house that the city of Mitchell owns has yet to attract a buyer. But Mayor Bob Everson said he’s hopeful the steep price drop to $2.4 million will get the property sold soon. ‘It’s a heck of a deal,’ Everson said, noting costs to construct the home hovered around $12 million.”

From Mortgage Professional America. “Fannie Mae’s Home Purchase Sentiment Index (HPSI) dropped 0.5 points to a reading of 74.2 last month – a sign that the housing market may start to soften in the coming year, according to Fannie Mae chief economist Doug Duncan. Consumers’ views of homebuying fell five percentage points month over month to a record low of 26%, while home-selling expectations rose six percentage points to 76%. Duncan noted that the ‘good time to buy’ sentiment among homeowners declined 30% over the past year to its current level of 30%, while renters’ homebuying outlook was down from 37% to 21%.”

“‘Even though demand remains strong, a majority of consumers clearly have reservations about purchasing a home at current prices,’ Duncan said.”

The Jamaica Observer. “Changes in the real estate industry in Jamaica for the year ended were sometimes as obvious as the changing skyline as new buildings climbed upwards across the island and more units were placed on the market. Edwin Wint: CEO, Better Homes and Gardens Jamaica: ‘Both the residential and commercial property market remained relatively strong in 2021. The residential rental market has been experiencing some downward correction (10 per cent to 20 per cent) in some market segments of the middle- to upper-income end of the market in the Kingston Metropolitan Area, with newer units out-competing older units at prevailing market rental rates.'”

The Daily Mail UK. “Robbie Williams has finally sold his countryside mansion for £6.75 million after he was forced to drop the asking price. The singer bought the seven-bedroom Wiltshire abode for £8.1 million in 2009 and in the years that followed, put it on the market three times. A source said: ‘It really is stunning, but it is just not being offered on. The price may be too high for the current climate of buyers, but it doesn’t seem like he wants to come down from what it has been valued at. It is causing all sorts of headaches. Online, the house is doing so well, everyone is clicking on it and wants to take a look around, but the reality is, it has been sat there six months now and it needs looking at, because it’s not moving.'”

“Williams is said to have carried out further improvements, adding a cinema room, football pitch and a quad bike track. The singer once described the house as an ‘impulse’ buy, saying he thought it was an ideal place to bring up his family.”

From Newshub. “Looking at the average asking prices in comparison to November, some regions saw drops, with the largest being in Gisborne, down 18 percent to $593,480. Auckland was down 3.6 percent month-on-month, while Wellington fell 2.5 percent to $982,824. While prices have gone up over the year, so has the national housing stock. Realestate.co.nz reports it has jumped 29.7 percent since December 2020, an increase of about 4000 properties. The housing stock is the total number of homes available for Kiwis to purchase in New Zealand.”

“The largest increase year-on-year was Wellington, which saw stock jump a massive 206.6 percent. Stock also more than doubled in Hawke’s Bay (up 107.4 percent), Wairarapa (up 111.8 percent) and Manawatu / Whanganui (up 133.7 percent). In Auckland, the stock increase nearly mirrored that nationally with a jump of 30.7 percent.”

The South China Morning Post. “China’s crushing ‘three red lines’ policy against home developers continues to claim new victims as Yuzhou Group turned to creditors for forbearance on more than US$5 billion of debt from years of unrestrained offshore borrowing. Yuzhou is also seeking approval from creditors to weaken the covenants on a dozen other offshore debts worth about US$4.92 billion, it added. Coupon payments totalling US$110 million on five other notes due within the next seven weeks are likely to be delayed, the company said.”

“The debacle adds to a string of defaults and distress among its mainland Chinese peers, including a handful in its base in southern Guangdong province, such as China Evergrande, Kaisa Group and R&F Properties. China introduced leverage caps on highly indebted developers in August 2020 to stem systemic risk, shutting many of them out of the funding market.”

Two reports from Bloomberg. “China’s largest developer is feeling the pain of dwindling investor confidence as a debt crisis sweeps across the country’s real estate sector. Country Garden Holdings Co. securities tumbled after it emerged the real estate firm on Wednesday failed to generate sufficient investor demand for a potential $300 million convertible bond. Shares fell 7.8% Thursday, the most in nearly four months, while its dollar bond due 2031 dropped 2.7 cents on the dollar to 72, on pace for a record low, Bloomberg-compiled prices show.”

“Country Garden, whose contracted sales have topped all Chinese peers each of the past five years, is becoming a bellwether of contagion risks. One of the country’s higher-quality builders, with investment-grade ratings at two of the major international risk assessors, the firm has long been considered relatively immune to the credit crunch hitting the real estate sector.”

“Several of China’s largest banks have become more selective about funding real estate projects by local government financing vehicles, concerned that some are taking on too much risk after they replaced private developers as key buyers of land, people familiar with the matter said. At least five state-run banks have imposed new restrictions this year on loans to weaker LGFVs seeking to buy land and develop new real estate projects, said the people, asking not to be identified discussing a private matter. Banks are being more stringent in assessing the financial strength of the local economy and the sales prospects of the projects, the people said.”

“LGFVs are a tool for local governments to borrow money without it appearing on their balance sheets. Instead of selling land to cash-strapped developers, local governments are being forced to rely more on purchases by these financing vehicles, effectively selling to themselves, Tianfeng Securities Co. analysts including Sun Binbin wrote in a note Wednesday.”

“LGFVs have stepped up purchases of land parcels as cash-strapped developers like China Evergrande Group hoard cash, supporting a slumping market. A major drop in land sales would bode ill for the world’s second-largest economy, which slowed in the third quarter as the property and construction sectors shrank.”

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This Post Has 153 Comments

  1. ‘the ‘good time to buy’ sentiment among homeowners declined 30% over the past year to its current level of 30%, while renters’ homebuying outlook was down from 37% to 21%’

    Is that a lot?

  2. ‘others who pulled money out of their homes through refinancing and home equity lines of credit may not have that option. ‘This market is not going to help them’

    It’s the cash out/heloc thing that shows up first. It’s the weakest loans: not third party transactions and crappiest underwriting/appraisals.

        1. The perfect situation for me is when the HELOCing puke spends all the HELOCed money on home improvements and proper maintenance so as to increase the home’s value. If/when I decide to reassert my ownership to the house (something that I never relinquished) I will be in possession of a nifty piece of real estate.

          Pukes work, bankers reap. God’s Plan.

          1. It’s not just a perfect situation for you. It’s also a great situation for the UHS. Seller spends $50K on improving the house, sells the house for $50K more. The seller doesn’t get anything out of it, but the agents get to split $3 grand for doing NOTHING.

  3. ‘I know a lot of different homebuilders throughout that have gone out of business’

    Wa? This article has some interesting detail.

    ‘local governments are being forced to rely more on purchases by these financing vehicles, effectively selling to themselves’

    Leave it to the Chinese to come with absurdities. We’ve actually seen this stated before.

    ‘LGFVs have stepped up purchases of land parcels as cash-strapped developers like China Evergrande Group hoard cash’

    Having had the unfortunate experience of being around companies that went flop, they aren’t hoarding cash. They are bleeding cash, robbing peter to pay paul.

    1. “With two solid salaries and two young kids, Brian and his wife Nissi feel they cannot compete anywhere in Boise’s competitive housing market right now.”

      Do they blame themselves, or have they connected the dots?

    2. “The only reason [national builders] are coming in here is because it’s hot. They’re not coming in here to build $300,000 homes. If they were they would have done that five years ago. They’re coming in here because the houses are $500-800,000,” Star Mayor Trevor Chadwick said, “That’s the honesty of this whole thing, right? They’re here to make money. Because they can see that they can do that.”

      There are no local “spuds” at these prices. They’re coastal “equity locust” who are bringing their political philosophy too.

    1. Globalist propaganda mouthpieces are seeing a precipitous drop in their viewership. Maybe CNN executives are belatedly realizing that more and more of the sheeple are seeing through their endless barrage of globalist narratives and DNC talking points, and are seeking real news & real truth elsewhere.

      Tuning out! Viewership at scandal-plagued CNN plummets by as much as 90% from last year in both overall audience and in advertiser-coveted 25-to-54 demographic

      https://www.dailymail.co.uk/news/article-10394997/CNN-loses-nearly-90-advertiser-coveted-demographics-overall-total-audience.html

    2. CNN is questioning

      Still clinging to promoting the narrative as much as possible. 57% there for Covid, the rest “with Covid”. Yet only 15% in hospital have a positive Covid test, so it’s 57% of 15%.

      Also, positive testing brings a whole set of infection protocols, taxing the system! LOL, our nurses are allowed to work “with Covid”. Unless that’s only in a special Covid ward, it’s BS.

      1. Still clinging to promoting the narrative as much as possible.

        When they start saying there’s no point to getting jabbed I’ll believe they have “pivoted”.

        1. Paraphrasing a Dr. Robert Malone quote: blaming the ineffectiveness of a “vaccine” on people who haven’t taken it.

          More children have now died from COVID “vaccines” than have died from the virus itself.

          1. More children have now died from COVID “vaccines” than have died from the virus itself.

            Yup, another “problematic truth” that has been consigned to the MSM memory hole.

          2. From Dr. Peter McCollough’s Telegram account: Dr Wiseman’s damning ‘quasi-vaccine’ efficacy data ignored by the FDA and the CDC. Slide presentation entitled, “The last wackamole of boosting in an omicron environment of negative quasi-vaccine efficacy and possible immunological addiction. Transparency concerns remain.”

            Anyone trusting the FDA and CDC when deciding to jab your children should watch this. Those of you following “Dr” John Campbell should too.

    3. I think it’s because they’re trying to save Let’s Go Brandon’s bacon with a new “it’s not as bad as it seems” narrative. His approval rating is plumbing new lows weekly. They’re scared.

  6. The systematic marginalization of whites is only going to get more egregious now that the Democrat-Bolsheviks can use electoral fraud and the importation of millions of Democrat-on-Arrival voters to dictate the outcomes of future elections and impose globalist agendas.

    Utah, Minnesota face legal threats for using race as a factor to determine COVID treatment eligibility as non-whites were at greater risk for hospitalization

    https://www.dailymail.co.uk/news/article-10396877/Utah-Minnesota-face-legal-threats-using-race-determine-COVID-treatment-eligibility.html

    1. Interesting. I would expect this in navy blue Minnesota, but in allegedly red, LDS and 79% white Utah?

        1. Well, all the state’s Senators and Congresscritters are Republicans. Of course, that doesn’t mean much anymore. They could all be RINOs like Romney.

    2. “…using race as a factor to determine COVID treatment eligibility…”

      Why not just use medical considerations and leave illegal race-based policies out of it?

      2. race-based

        There may actually be a genetic predisposition to COVID stemming from variations in the ACE2 receptor.

          1. I agree that the policy is most likely based on fake systemic racism. Despite that, there appears to be a genetic predisposition to COVID.

  7. Note to Hollywood libtards: using “inclusivity” and diversity as your chief criteria for hiring critical positions, instead of merit, experience, and demonstrated competence, can get people killed and derail your movies.

    ‘Rust’ armorer blames Alec Baldwin for fatal shooting because he failed to turn up to a ‘cross draw’ training session in lawsuit against firm that she claims supplied live ammunition instead of dummy rounds

    https://www.dailymail.co.uk/news/article-10396489/Rust-armorer-blames-Alec-Baldwin-fatal-shooting-lawsuit-against-firm-supplied-bullets.html

    1. ‘Rust’ armorer blames

      Did you object to there being live ammo on the property, for plinking recreation off the set? Just wondering.

  8. What kind of “Democracy” do we have when the Republicrat duopoly serves only the interests of its globalist and corporate donors and pimps, and elections can and will be rigged to achieve globalist-dictated outcomes?

    Political Instability Not U.S. Adversaries, Seen As Bigger Threat, Quinnipiac University National Poll Finds; Nearly 6 In 10 Think Nation’s Democracy Is In Danger Of Collapse

    https://poll.qu.edu/poll-release?releaseid=3831

    In a sharply divided country, Americans agree on this: the bigger danger to the United States comes from within. Seventy-six percent say they think political instability within the country is a bigger danger to the United States compared to the 19 percent who think other countries that are adversaries of the United States are the bigger danger, according to a Quinnipiac (KWIN-uh-pea-ack) University national poll of adults released today.

    Democrats say 83 – 13 percent, independents say 78 – 19 percent, and Republicans say 66 – 29 percent that political instability in the U.S. is the bigger danger.

    A majority of Americans, 58 – 37 percent, think the nation’s democracy is in danger of collapse.

  9. Sorry, Team Harris, but no matter how many PR flaks you hire to burnish this diversity hire VP’s image, her epic incompetence and abject unfitness for any public office higher than dogcatcher will always doom such makeover attempts.

    Out with the old, in with the new: Kamala Harris’ team works to improve public image

    https://www.mcclatchydc.com/news/politics-government/white-house/article257152827.html

    Vice President Kamala Harris is leaning into longer form interviews, where she has more freedom to discuss substantive policy and talk about the issues she is passionate about, as her office attempts to improve her public image and demonstrate that she’s a team player.

    In interviews, 11 people familiar with Harris’ operation — some of whom requested anonymity to speak candidly about private conversations — described the effort to reshape the narrative around her vice presidency.

    A White House official said that no dramatic shift in direction was underway, even as Harris hired a new communications director and worked to fill other high-level press and public relations positions.

      1. It’s a personality problem not a messaging problem.

        Haha, absolutely. The cackle, the condescension, the resting b!tch face, the whoring – it’s the whole package.

  10. Kicking out thousands of soldiers because they refuse to take an experimental “vaccine,” then being forced to pay huge bonuses to attract and retain experienced troops in key specialties – this is “wokeness” run amok.

    Army ups bonuses for recruits to $50K, as COVID takes toll

    https://apnews.com/article/us-army-adds-bonus-recruitment-b6be4a79b014327e1105dc7a857c8f56

    WASHINGTON (AP) — The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years, The Associated Press has learned, as the service struggles to lure soldiers into certain critical jobs during the continuing pandemic.
    Maj. Gen. Kevin Vereen, head of Army Recruiting Command, told AP that shuttered schools and the competitive job market over the past year have posed significant challenges for recruiters. So heading into the most difficult months of the year for recruiting, the Army is hoping that some extra cash and a few other changes will entice qualified young people to sign up.

    1. Too bad that Freedom of Speech is the first sacrifice for a modern sailor or soldier as social media comments are heavily scrutinized by AI algorithms, even giving someone else’s comment a “like” add them to a sedition cohort.

  11. “…The singer once described the house as an ‘impulse’ buy, saying he thought it was an ideal place to bring up his family….”

    A real life ‘Susanne said we can do this’ moment.

    This one sentence so much describes the murky mindset of so many irrational homebuyers.

    No real logic. No common sense. Just reacting to the lizard brain.

    A market overrun with lizards.

    1. Local villagers told MailOnline that they believed one of the main reasons for it failing to sell is the proximity of the landfill site which is half a mile away and can be seen from some of its upstairs windows.

      Plus those old English country side manors can be huge money pits, needing constant and very expensive repairs, not to mention he regular ongoing upkeep.

      1. “…proximity of the landfill site…”

        Just got’ a love the smell of hydrogen sulfide gas in the morning…

        In the Eurozone Realtor speak calls it “old world character”

        Here in SoCal/OC Realtor speak calls it “charming / adventurous / trailblazing / entrepreneurial”

        1. “old world character”

          In the book, The Great Gold Robbery of 1855, Michael Crichton does a brilliant job of describing old London’s dirt streets filled with rain soaked horse manure, black clouds of swarming flies, prostitutes of every age and pickpocket thieves everywhere.

  12. This says it all……”The only reason [national builders] are coming in here is because it’s hot. They’re not coming in here to build $300,000 homes. If they were they would have done that five years ago. They’re coming in here because the houses are $500-800,000,

    1. If any part in the country stands to see transformational benefits from the $1 trillion infrastructure act that President Joe Biden signed in November, it is Alabama’s Black Belt

      I’m gonna bet that they wouldn’t see a penny of it and their open air sewers would remain as is.

      1. 50 to 100 years ago these places probably all had outhouses, which is effective but inconvenient. A composting toilet is not that expensive, but it also requires some effort. Can’t be bothered now, and we’re supposed to pay for their convenience.

        I also doubt they will get one penny.

    2. “Without federal intervention, we will never have sanitation equity.”

      Sanitation equity, the new symbol of systemic racism.

      1. I can recall old news clips of garbage bags being tossed out of high rise windows at the Cabrini-Green projects, and the occupants were complaining of mice everywhere.

  14. 270 Angry Scientists Cite MSM ‘Fact Checks’ In Open Letter Urging Spotify To Censor Joe Rogan | ZeroHedge
    https://www.zerohedge.com/covid-19/270-angry-scientists-cite-msm-fact-checks-open-letter-urging-spotify-censor-joe-rogan

    (snip snip)

    “You knew it was coming…

    “Two weeks after Joe Rogan interviewed mRNA inventor Dr. Robert Malone on his Spotify podcast – which boasts 11 million viewers on average – an angry letter brigade of 270 doctors and scientists have written an open letter to Spotify to demand they censor Rogan and implement a Covid-19 ‘misinformation policy,’ so that people, even highly trained virologist-immunologists such as Malone, can’t contradict ‘the science.’

    “Getting down to their core argument:

    “In episode #1757, Rogan hosted Dr. Robert Malone, who was suspended from Twitter for spreading misinformation about COVID-19. Dr. Malone used the JRE platform to further promote numerous baseless claims, including several falsehoods about COVID-19 vaccines and an unfounded theory that societal leaders have ‘hypnotized’ the public. Many of these statements have already been discredited.

    “The links go to an instagram slideshow and three MSM ‘fact checks’ – one of which doesn’t even discuss Malone, and say his actions are not only ‘objectionable and offensive, but also medically and culturally dangerous.’

    “And of course, just three of the signatories are immunologists, roughly 10% are nurses or nurse practitioners, and 33 are some type of ‘assistant’ (professor, nurse, lab, etc.). In short – hardly any of these people are qualified to refute Malone, which is probably why they link to ‘fact checks’ instead of compiling their own response on the merits of what Malone said.”

  15. Scientists believed Covid leaked from Wuhan lab – but feared debate could hurt ‘international harmony’
    https://www.yahoo.com/news/scientists-believed-covid-leaked-wuhan-211452135.html

    Leading British and US scientists thought it was likely that Covid accidentally leaked from a laboratory but were concerned that further debate would harm science in China, emails show.

    An email from Sir Jeremy Farrar, director of the Wellcome Trust, on February 2 2020 said that “a likely explanation” was that Covid had rapidly evolved from a Sars-like virus inside human tissue in a low-security lab.

    The email, to Dr Anthony Fauci and Dr Francis Collins of the US National Institutes of Health, went on to say that such evolution may have “accidentally created a virus primed for rapid transmission between humans”.

    But a leading scientist told Sir Jeremy that “further debate would do unnecessary harm to science in general and science in China in particular”. Dr Collins, the former director of the US National Institutes of Health, warned it could damage “international harmony”.

  16. Biden’s Approval Rating Drops to New Record Low

    by Paul Joseph Watson
    January 13th 2022, 5:40 am

    Joe Biden’s approval rating has dropped to a new record low, with just 33 per cent of Americans supporting the president, a massive drop of 11 points from last month.

    A Quinnipiac University poll found that 53 per cent disapprove of the job Biden is doing, while around 13 per cent are not sure about him.

    https://youtu.be/yMdZ4ZPq8Rw?t=35

    1. just 33 per cent of Americans supporting the president

      Sounds like he might lose his patience with us again.

  17. “We Failed”: Danish Newspaper Apologizes For Publishing Official COVID Narratives Without Questioning Them
    https://www.zerohedge.com/covid-19/we-failed-danish-newspaper-apologizes-publishing-official-covid-19-narratives-without

    (snip)

    “In August, Germany’s top newspaper, Bild, apologized for the outlet’s fear-driven Covid coverage – with special message to children, who were told ‘that they were going to murder their grandma.’

    “Now, a newspaper in Denmark has publicly apologized for reporting government narratives surrounding the Covid-19 pandemic without questioning them.”

  18. So, the fake vaccines and boosters for the fake Pandemic is breaking down . So time for a narrative change. Plizer CEO already announced a “New Vaccine” that will be ready in March, after Bill Gates said that they need a new vaccine , earlier.

    So, the fraudsters think that people are going to want to be constant pin cushions for experimental lab rat injections where round one is already a tragic failure, and should be taken off the market.

    New Vaccine from the same Pharmaceutical Companies that injured and killed God knows how many now, that dare to say their poison was safe and effective, while they censored informed consent.
    So, what fear is going to be unleashed , since Covid 19 is burning out and people seem to be getting minor cases of colds ? What is the new vaccine suppose to prevent?
    They have to keep the Medical Tyranny going and they have a election to steal , so expect some new scare. Or maybe they think omicron cases will cause the fear they are seeking. I don’t think so.

    1. So, the fraudsters think that people are going to want to be constant pin cushions for experimental lab rat injections where round one is already a tragic failure, and should be taken off the market.

      Just wait, millions will line up for the “new and improved” jab, some even clamoring for it.

      I wonder how many more dim witted celebs will keel over after bragging on social media about their latest jab? Of course, all those unexpected deaths will be “coincidences”. Maybe someone “influential”, like Winfrey?

  19. This is the type of situation where a apology doesn’t cut it. Paid off shills for Big Pharmacy that dared to deceive the Public involving life and death matters. Fake news in collusion with corrupted Governments to use medical fraud as a weapon of takeover, destruction of current systems, mayhem and murder.

    1. I suspect that once Omicron burns out and if they feel worried, they might make a lot of fanfare about defeating Omicron and then quietly slink away. For some, like Fauci, it will be next to impossible to escape. Does Paraguay have an extradition treaty with the US?

      On the other hand, they might insist that even though cases have nearly dropped to zero, that the war hasn’t been won, we can’t drop our guard, and that more jabs and restrictions are needed. Maybe not in the US, but perhaps in Europe, Oz, Kiwiland, etc.

  20. Biden on Tuesday delivered his first COVID update in a week amid surging cases

    ‘This continues to be a pandemic of the unvaccinated,’ he said

    By ROB CRILLY, DAILYMAIL.COM

    PUBLISHED: 4 January 2022 |

    Louis Armstrong – What A Wonderful World

    https://youtu.be/rBrd_3VMC3c

    I see trees of green, red roses too
    I see them bloom for me and you
    And I think to myself this is a pandemic of the unvaccinated

    I see skies of blue and clouds of white
    The bright blessed day, the dark sacred night
    And I think to myself this is a pandemic of the unvaccinated

    The colors of the rainbow so pretty in the sky
    Are also on the masks of people going by
    I see friends don’t shake hands they stand six feet away
    They’re really saying the unvaxed must pay

    I hear babies crying, I watch them grow
    They’ll get the jab when they turn five you know
    And I think to myself this is a pandemic of the unvaccinated
    Yes I think to myself this is a pandemic of the unvaccinated

    1. ‘This continues to be a pandemic of the unvaccinated,’ he said

      Still no pivot, still no white flags. It will eventually come crashing down, no matter how much they try to prop it up; but we aren’t there yet. I still expect them to declare victory when Omicron burns out, and take credit for it. If they feel confident, they will tell us that we can’t drop our guard and that more jabs are needed. If not, they will quietly slink away, hoping that the next crisis will make us forget about them.

      1. forget about them

        I’d wager that the same actors intend to keep the wheel through the next crisis, & etc.

        1. I’d wager that the same actors intend to keep the wheel through the next crisis, & etc.”

          Sure they will need all the money they can get now that inflation is unleased on America. Big money, nice benefits, easy job no accountability. Everyone else well too bad you liked stimulus checks right? That costs money u know.. blah blah

        2. I’d wager that the same actors intend to keep the wheel

          The politicians will, or will at least try. I was thinking about people like Fauci and all the creeps at the CDC, FDA, Pfizer, Moderna, etc.

  21. Re: all the for lease signs in Cupertino corridor. Someone commented maybe this was because of work from home. Not. Most of the space for lease is retail and restaurant. Strip malls, One, two story stuff. Businesses that could not survive the Covid restrictions. This area is very heavily Asian because of top schools. They are very compliant and very scared. They are all wearing masks even in their cars and out walking. Of course they have their visors on too…Hence the failed businesses.

    1. “They are very compliant and very scared. They are all wearing masks even in their cars and out walking.”

      Govern me harder big daddy! Govern me harder!

    2. So peculiar how Asians here can be such germophobes, since so many live in squalor in Asia.

      Wouldn’t many of those closed shops have catered to people who once worked in the now empty office spaces? But yeah, the lock downs and restrictions had a big impact.

      I read somewhere that downtown Dumver lost about 35% of its small businesses, and the sales taxes they used to generate (ouch!). Last year Mayor Hancock, who is a Leftist an a hypocrite who tweeted from the airport telling Dumverites to not travel, said he would not lock Denver down again, because he didn’t want to lose any more small businesses. I guess city hall felt the budget pinch.

      1. I’m working downtown this week at 17th and California Streets but I can’t comment on anything outside of the single floor of an office tower we are renovating, because I don’t go outside! Car –> loading dock –> elevator –> jobsite and reverse and repeat at end of day.

        The foreman told us don’t go walking around on the 16th Street Mall unless you want to get stabbed by the homeless.

        Vote like California, become California.

        1. The foreman told us don’t go walking around on the 16th Street Mall unless you want to get stabbed by the homeless.

          Bernhard Goetz, oh were art thou?

    1. And I’ll bet they’re dropping dead in streets from Omicron.

      I’m not buying it.

      Yeah, I know China supposedly has a zero Covid policy. But if they did, the country would have been locked down since the scam began.

    2. I don’t really believe anything China reports , especially after the fake footage of people falling in the streets from Covid.
      How about the young Chinese Dr who claimed he had a new illness he was dealing with, who was acting like a whistleblower , who died.
      I have noticed reports from China, and than 6 months later they report the opposite of what they said before.
      But now the rumor from China is a Ebola like virus gaining traction, that hasn’t been confirmed yet or picked up by mainstream news yet.

      So, I want to know why China gets off the hook for causing a bio weapon to spread to the globe, Oh carry on there is nothing to see here.

      1. The Beijing Winter Olympics start on Feb 4th. A great tool to spread a new virus.

        Most likely China is worried that the Omicron outbreak will scuttle the Olympiad, especially if athletes start getting sick left and right in the Olympic village. But I don’t see how locking down China will prevent it. Visitors and athletes will bring it with them. Tests and vaxx passports won’t stop it.

        China should just announce that the games are being postponed. But I suppose that would be “losing face’, and they can’t have that.

      3. I don’t really believe anything China reports

        I stopped believing in anything coming out of China when an aerospace engineer on Twitter was able to mathematically model then forecast China’s cases numbers that sought to keep a 2% infection fatality rate.

        1. I stopped believing in anything coming out of China when

          In the early 1960s when they starved 10s of millions of dissenters to death. The same gang runs the place now.

          1. Oddly, I don’t recall that genocide being covered in my Comparative Genocide honors collegium course in college. Could that be because it was in the 1990s at UCLA? 🤔

          2. honors collegium course in college

            My mother explained it to me. She was well educated, but also alert.

            Plus, it was an argument to get me to clean my plate at the dinner table.

    1. Any forecasts on when

      How long have they been head faking this? Does anyone still believe them when they say they will stop?

  25. Headline:

    Why no one has a quick fix for inflation — not even Joe Biden or Jerome Powell

    Expecting those who are fanning the flames of inflation to do something about it is like expecting Trigglypuff to not demolish an extra large pizza in one sitting.

    1. Agreed. I watched almost all of Powell’s recent confirmation hearing. I don’t think the word “bubble” came up once. At least Greenspan acknowledged “froth” in the 2000s bubble. To be fair, I guess it isn’t a bubble if the 7% inflation isn’t transitory.

      1. Its good business to be able to sell trillions of bonds at 1% while charging way more on loans. No brainer. besides 401k’s are probably racists

  28. Are you enjoying your life savings withering away under the blast of inflation running at a 40-year high?

      1. “I don’t want to say this, but when Donald Trump was here, it was nothing like this,” said Godinez, who said she used to lean Republican but has supported Democrats in recent years. “I’ve been worried, because instead of things getting better, it is getting worse every time. … I don’t know if it’s the President, or what happened, but (under Trump) it was so much better.”

        Not enjoying Brandon’s LGBTQ Woke Green economy? 🙂

    2. Poor Joe Biden. He’s taking the blame for the inflation caused by the Fed’s pandemic Quantitative Easing stimulus measures, which started before he took office and were due to neither himself nor his predecessor. People with rocks in their heads always blame whatever is happening at the moment on the current WH occupant.

        1. Not a single peep regarding the $trillions recklessly spent in the middle-east; all for naught. Each move being made make is consistently wrong.

          Clearly lots of money is being spent on fancy medical protective gear and test kits of dubious value, but I haven’t seen any numbers in the popular media feeds. Of course we’re broke, so the fed’s treasury purchases are floating this boat too.

          I imagine Powell will also double-down and print more dollars for Brandon’s student loan forgiveness program as the midterms get closer and votes are needed.

          As Dubya famously quipped, “How did we get here?”

      2. Brandon’s multitrillion dollar spending sprees aren’t helping, neither is the disruption of the energy sector nor the wreckage in the nation’s supply chains.

      4. The President doesn’t control the weather but he can set the sails
        In the direction the wind is blowing. The Biden Entity is utterly incapable of doing this. It may not be his entirely his fault but he bears all the blame for doing nothing and pushing policies like mandates and BBB that makes things exponentially worse. His handlers don’t care to govern, they only care to push their ideology.

        1. that’s right. true governing is work and they have no interest in that. they want to rule. ruling is fun.

          1. I have heard a saying: When a Republican is elected, he is “in office”, when a Democrat is elected, he is “in power”.

          2. yes and the good news is that large numbers of the left are being red pilled now. nobody likes being ruled. not even the left.

    3. life savings cause independence better to depend on government handouts keep you in line. Besides life savings are probably racist.
      The above is sarcasm if u couldn’t tell.

      Now the real story
      Eventually all this extra cash will go to money heaven . Even the threat of 4 interest rate hikes is crashing the tech heavy NASDAQ. If the FED doesn’t raise rates fast enough they will lose complete control IMO. Crypto and other things will take the place of dollars like a banana republic.

      2. Equity means your home equity. The Biden entity is an invading force, like william the conquerer, looting the countryside and redistributing the spoils to allies and BIPOC. They don’t care if you’re dependent on government. They just want whatever you have for themselves.

    4. Are you enjoying your life savings withering away under the blast of inflation running at a 40-year high?

      No.

      1. I am glad to have a dozen anchors of wealth preservation. I regret what our Pols have done but am glad not to be in debt and to have set aside the necessities of life, or keep them within easy grasp. They can wound me, but not crush me.

        That’s my story anyway.

    1. COVID “vaccines” are not vaccines, and Let’s Go Brandon!

      Nobody ever elected these globalists to govern anything, we’re taking our country back.

    2. Just OSHA, 6:3.
      CMS mandate still on, 5:4 with Roberts and Kavanaugh siding with the liberals.

  31. From the Colorado Sun:

    Supply and labor shortages double the time it’ll take to rebuild homes lost in the Marshall fire

    Housing and construction management professionals estimated it could take up to three years to rebuild homes from scratch

    Three years! Told you there would be plenty of logs rolled to delay the reconstruction.

    Under normal circumstances, it wouldn’t be unusual for a home to be built from scratch in six to nine months, said Paul Goodrum, a professor and head of the construction management department at Colorado State University.

    They are claiming labor and material shortages, even saying that they couldn’t get appliances in a timely manner. Fine, so instead 6 months, it takes 12. But 3 years? This almost sounds to me like they are telling those who lost their homes that they would be better off if they moved away, in other words “We don’t want you here, go away.”

  32. Gary Larson. Way, way ahead of his time.

    Date: 17-Oct-1987

    https://www.google.com/imgres?imgurl=https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/hostedimages/1599095147i/30053615._SY540_.jpg&imgrefurl=https://www.goodreads.com/book/show/40521573-the-complete-far-side—book-two&tbnid=6-3lIXwLzvK9NM&vet=1&docid=KwftTHsgDmqyAM&w=390&h=540&hl=en-US&source=sh/x/im

    (This is the shortest URL I could find. Tested several times. Believe to be correct)

    1. What a disaster for health care workers that they are forced to take a dangerous vaccine if they want to keep their job. Not the right decision by the high Court because first its a expiermental EUA vaccine.
      You don’t compromise on life and death matters .

      1. In my neck of the woods it’s hard to get blood drawn for lab work because most phlebotomists were fired for being pure bloods.

      2. Let’s Go Brandon is such a failure. Has any President in history started off so poorly? Nobody likes this guy, and everything he touches turns to dog sh!t.

        1. everything he touches turns to dog sh!t

          Which is why, in press conferences, when they don’t throw softballs at him, he turns around, ignores them and walks away.

          So much for the “adults being in charge”.

    1. So where does that leave cities like F#$%Face Deblasio in NYC who imposed this bullshit on any business in city limits or anyone that works on a NYC job site?

      1. What authority has DeBlasio cited? Was he riding on the coattails of the federal mandates or did he cite some state-based power?

          2. My response wasn’t meant to be cavalier. I truly don’t know nor do I care to get out in the weeds on this. These are crimes and rope needs to be procured and administered.

        2. Those mandates by that nut Deblasio where stricken by a New York Court on Dec 20th.

          Fake news decided not to report on it I guess.

          1. “Those mandates by that nut Deblasio where stricken by a New York Court on Dec 20th.”

            If you work for or do business as a consultant or contractor with NYC and you’re not vaxxed, you’re going to be looking for a job. The same is true of some other cities.

          1. He is not a state official.

            Duh! I was focused on how he could claim authority. States typically have purview over heath matters.

  35. [I brought up binance and its CEO a few days ago on this board].
    Canadian financial press are now discussing the bloomberg billionaire index. He is #11 in the world and by far the richest Canadian. Of course they don’t mention the use of the platform for money laundering and tax evasion


    The chief executive officer of the cryptocurrency exchange Binance has a net worth close to US$100 billion, making him the richest crypto entrepreneur in the world and by far the wealthiest Canadian, according to the Bloomberg Billionaires Index.

    Globally, Zhao ranks as the 11th richest person behind familiar names such as Tesla CEO Elon Musk and Amazon founder Jeff Bezos. The ranking puts him tens of billions ahead of the next-richest Canadians, Woodbridge stakeholder Sherry Brydson (with a net worth of US$14 billion) and Shopify founder Tobias Lütke (US$10 billion).

  37. I was channel surfing during the local news hour. The local anchors are hysterical over the SC ruling, claiming that we are sentencing high risk people to death because we aren’t jabbed. It was truly pathetic.

    1. Canada will not let truckers across the border now without three shots. Good luck with your empty shelves Canadians.

      To paraphrase others; Your medicine doesn’t work because you neighbor hasn’t taken it.

      Quebec set to fine/tax the unvaxxed.

      Ronald McDonald house announces eviction for unvaxxed five year old cancer patients in Vancouver. Bastards.

      1. Ronald McDonald house announces eviction for unvaxxed five year old cancer patients in Vancouver.

        That wins the gold medal for cruel and shameless.

  39. Prince Andrew Albert Christian Edward has been accused of child sexual abuse by Virginia Giuffre, who alleges he initiated a sexual encounter with her knowing that she was a minor who was sex trafficked by American financier and convicted sex offender Jeffrey Epstein. On 13 January 2022, his military affiliations and royal charitable patronages were returned to the Queen and it was announced that he will defend the lawsuit as a “private citizen.”

    The authorities must have the videos of Andrew in the act that Epstein used to blackmail him over the years for $millions.

    1. The Monarchy should be abolished, and the Queen and her filthy family imprisoned, stripped bare of all of their wealth and real estate. These people are inbred financial terrorists who are like a leech on the skin of the taxpayers.

  40. Disturbing: Aussie Cops Take Elderly Woman to Jail for Failing to Show Vaccine Papers

    by Adan Salazar
    January 13th 2022,

    Footage out of Queensland, Australia, shows Covid patrols are literally rounding people up and taking them to jail for refusing to say whether they’re vaccinated or not.

    In one video going viral on social media this week, Queensland cops are seen attempting to forcibly push an elderly woman who’s just exited Hervey Bay Coffee into the back of a paddy wagon.

    Have an important tip? Let us know.
    EMAIL US HERE.
    Footage out of Queensland, Australia, shows Covid patrols are literally rounding people up and taking them to jail for refusing to say whether they’re vaccinated or not.

    In one video going viral on social media this week, Queensland cops are seen attempting to forcibly push an elderly woman who’s just exited Hervey Bay Coffee into the back of a paddy wagon.

    One cop explains she’s being arrested for refusing to show them her “certificate.” Later another officer claims she’s being arrested for “obstructing justice.”

    “I’m happy to show you my information,” the woman pleads with the officers, who at this point are refusing to listen to any explanation. “I’m happy to provide my name and address,” she begs helplessly.

    OCN 🇦🇺
    @ozcrimenews

    Queensland, reportedly Hervey Bay. Arrested for not revealing her vaccination status. Qld Cops were arseholes during Campbell Newman’s VLAD days, and they have not changed, once a cop, always a cop.

    https://twitter.com/ozcrimenews/status/1481247865574137857?s=20

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