Sellers Will Not Be Able To Simply Wait It Out Till They Get The Price They Want
A weekend topic starting with the Messenger Inquirer in Kentucky. “In recent months, CNN, the Washington Post and several other national media outlets have asked if America is heading into another housing bubble. The general conclusion has been that economists say we’re not. But they said the same thing back then too, CNN pointed out.”
“Stephanie Rhinerson, a mortgage loan officer at Independence Bank, said, ‘people are paying higher prices for homes because interest rates are so low. As rates tick back up, I don’t know if they will continue doing that. Rates are picking back up now, but I think they will remain low. People got spoiled when they were super low.'”
“Kyle Aud, Owensboro market president of German American Bank, said, ‘There aren’t as many 100% loans available now like there were back then. You’ve got to put a little skin in the game these days.'”
From Bloomberg. “Quantitative tightening could be announced in July or even sooner and the central bank could eventually sell some of the mortgage-backed securities it owns, according to economists. ‘As demonstrated by past experience exiting extraordinary stimulus, taking away the punch bowl is less straightforward than adding to it,’ – Economist Eliza Winger.”
The Real Deal on Florida. “David Solomon wants to be his clients’ one-stop shop: realtor, builder and seller. The Miami Beach native, who just closed on his first spec home project site, is one of a growing number of brokers who are getting into luxury home development and renovation flips, in what’s become a record-setting market. ‘In this market, anything is possible,’ Solomon said.”
“Some agents have made more money during the pandemic than in their entire careers. In some cases, they are investing their commissions and more into renovations or ground-up construction. ‘We have good intel. The market has a bit of runway,’ said Douglas Elliman agent Brett Harris. ‘The top realtors who made a lot of money can jump in and invest it. Ride the wave.'”
From Colorado Public Radio. “‘The answer should be [that] the builders should be able to ramp up production to build more homes. This is a golden period for the home builders,’ said Elliot Eisenberg, a self-employed economist who used to work for the National Association of Homebuilders. ‘This is the market screaming: ‘Build more.'”
“‘Everybody is making concessions in this business except for sellers. Sellers are king,’ said Ann Kidd, chair of the Pikes Peak Association of Realtors. ‘They rule the land.’ It might logically follow that it would then also be a great time for realtors. Kidd said that is the case – for the few realtors who can get affordable listings. Looking at recent records of houses for sale in the Pikes Peak Region, she tallied only 29 three-bedroom, two-bathroom homes listed for sale under $500,000 – housing stock she qualified as the ‘average, typical American dream.’ Meanwhile, she said 4,600 realtors operate in the same region.”
“‘It’s a crazy mess,’ she said. ‘We have hungry buyers, but we also have hungry realtors.'”
The Los Angeles Times in California. “Retired Grand Prix motorcycle racer John Kocinski isn’t exactly riding off into the sunset after selling his mansion in the Bird Streets. The home was auctioned off for $6.526 million — just 22% of his original price tag of $30 million. Records show Kocinski bought the property for $2.3 million in 2004 and developed a Mediterranean-style mansion, which was finished in 2019.”
From Blog TO in Canada. “People are still taking off from downtown Toronto for cheaper, more spacious and less dense housing in the surrounding suburbs. RE/MAX noted on Thursday that both Durham and York Regions are absolutely booming lately when it comes to residential real estate sales, and showed record year-over-year growth in 2021. By December, average prices for some home types in some towns were up a whopping 40 per cent since December the previous year, such as in Oshawa.”
“RE/MAX also notes buyers moving to smaller, quieter areas in the region, such as Richmond Hill and Markham, which are ‘not situated in the middle of nowhere’ and ‘strike the right balance between living in the downtown core and enjoying small-town living.'”
From Reuters. “Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to slow rising house prices. The government said on Wednesday that from October, lenders must increase their cushion against home lending risks, sounding the alarm over one of Europe’s most expensive housing markets, where total mortgage lending has swollen to more than $1 trillion.”
“Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to slow rising house prices. ‘People could simply go elsewhere for their loans. Changing the balance sheets of the banks is not going to cure the situation, if it needs curing,’ said Oliver Buschan, a member of the SBA’s executive board told Reuters, adding that house prices were rising because of fundamental factors like a lack of space and population growth. ‘We do not consider this a bubble,’ he said.”
“‘The whole market would have to collapse by 40% for there to be a problem with the collateralisation, and that is just not going to happen, given the fundamentals,’ Buschan said.”
From Stuff New Zealand. “There were 16,773 homes on the market, a 29.7 per cent increase on December 2020. Of the regions, 14 had significantly more homes for sale than a year earlier. Wellington had the biggest increase at 206.6 per cent to 1061, and Auckland was up 30.6 per cent to 7595. Real Estate Institute acting chief executive Rowan Dixon said while there was an annual uplift of listings in many areas in December, sales were also down in every region apart from Marlborough.”
“There are some reports that buyer sentiment is shifting, and they are less prepared to pay current prices, Dixon said. But this was likely to be due to tighter lending criteria, rising interest rates, and new investor tax policies rather than an increase in listings.”
“If demand stayed the same, or reduced and supply continued to increase the fear many potential sellers had of not being able to buy a new place once they had sold would start to dissipate, said Ray White chief operating officer Daniel Coulson. ‘This will encourage them to list which will ease the pressure on the market. It also means sellers will have to be careful about the strategy they choose, and will not be able to simply wait it out till they get the price they want.'”
The Wall Street Journal. “As Chinese property giant Evergrande continues to struggle, the battle for control of its assets is heating up. Who is still standing when the dust clears will say a lot about the future of China as a place to invest more generally. The past week has witnessed two important developments. First, following a letter from offshore debtholders threatening unspecified legal action, Evergrande Group announced Wednesday that it aims to release a ‘preliminary restructuring proposal’ within the next half year.”
“Second, the Financial Times reported Thursday that Los Angeles-based Oaktree Capital has moved to seize a large chunk of Evergrande’s Hong Kong property, worth an estimated $1 billion, against a secured loan now in default—a property which could have potentially served an important role in Evergrande’s general offshore debt restructuring. Oaktree has another secured loan to a separate Evergrande mega-project onshore, according to the FT.”
“Meanwhile, since the company has managed to avoid a technical default onshore thanks to negotiations with creditors there—who may ultimately be expecting some roundabout assistance from Beijing—money continues going out the door for operations and Evergrande continues to spend to build apartments owed to its customers.”
“That raises the risk that, by the time secured offshore creditors like Oaktree also collect and a formal restructuring proposal from Evergrande arrives, there might not be many scraps left to fight over. To be sure, many offshore bondholders’ predicament is partly of their own making. Rating agency Moody’s notes that covenants on Evergrande’s bonds—limiting, for instance, the amount of leverage that subsidiaries could take on and constraining dividend payments—have been significantly weakened over the past decade.”
“And holding the unsecured debt, in particular, of a highly levered company like Evergrande which has most of its assets onshore under the auspices of its mainland subsidiaries was always inherently risky. Still, if Evergrande’s offshore bondholders do get roundly stiffed, it is difficult to deny that the optics for China as a place to invest writ large are terrible—especially given what holders of U.S.-listed Chinese educational and internet technology stocks have experienced over the past 12 months.”
Comments are closed.
The URL for the last link:
https://www.livemint.com/market/are-foreign-investors-in-china-second-class-citizens-now-11643461117709.html
Yer not even citizens gringos. Yer fooked.
‘money continues going out the door for operations and Evergrande continues to spend to build apartments owed to its customers’
This has been comical from the beginning. As if building more was gonna save the day. The root problem is they were losing money on every airbox.
‘That raises the risk that, by the time secured offshore creditors like Oaktree also collect and a formal restructuring proposal from Evergrande arrives, there might not be many scraps left to fight over’
Having unfortunately worked for or around companies that went under, I can say they are dead men walking for a long time. It is just a matter of time before they capsize and who gets screwed by how much is the only thing to be determined.
“How did you go bankrupt?
Two ways. Gradually, then suddenly.”
— Ernest Hemingway, The Sun Also Rises
‘while there was an annual uplift of listings in many areas in December, sales were also down in every region apart from Marlborough’
Wa?
‘There are some reports that buyer sentiment is shifting, and they are less prepared to pay current prices, Dixon said. But this was likely to be due to tighter lending criteria, rising interest rates, and new investor tax policies rather than an increase in listings’
You got all those things – at the same time Rowan! Oh, and this:
‘Annual figures for the last nine months show more new homes have been consented than ever before – 48,522 new homes were consented in November, up 26 percent on the previous year’
https://www.msn.com/en-nz/news/national/the-three-reasons-nzs-housing-market-is-starting-to-shift/ar-AASSrkc
They have all of that going on, plus a dictator in charge.
The most beloved and popular PM ever! That’s what Kiwiland’s Real Journalists tell us.
Orwell warned us about people like Jacinda Arden.
Funny how the globalist media has simultaneously decreed that all these hated & loathed globalist Quisling figureheads like Arden and Brandon are so immensely popular with the serfs. Pay no heed to the massed chants of “FJB” that invariably break out at sporting events.
YouTube disabling its “dislike” function after the overwhelmingly negative response to any and all videos featuring Brandon, cackling Kamala, or the rogues’ gallery of globalist stooges like Nancy Pelosi or Liz Cheney tells all. Hard to maintain the Big Lie of “Most popular president ever with 81 million votes” when YouTube dislikes tell a very different story.
Disabling the “dislike” feature on Youtube had another effect not often talked about. There is a lot of bogus information out there, specifically repair videos, etc. The dislike helped to weed out the bad from the good.
If a video tutorial had 5,000 dislikes and 150 likes, people knew that the information was bad (assuming the dislikes weren’t related to the creator’s attitude or something). Now, people have no way of really gauging the accuracy of the information. Their best tool for doing such was removed.
Disabling the “dislike” feature on Youtube
A year ago, YT was constantly removing dislikes by the tens of thousands on the White House channel.
Cheaper to just remove the feature.
You can download an extension for Chrome to bring back the Dislike counter. It does not seem to work on videos which are “DISLIKES DISABLED.”
All this BS is just waking up more and more independents and moderates. Without rehashing our disagreements of the past, I’ll just say that in the Age of Omicron, shots, boosters, masks, contact tracing, lockdowns, mandates, telework, and panic are no longer effective or necessary. Yet the CDC and Biden are continuing to flog these stifling measures as if Omicron were the Black Death, as a control. And it’s visible for ~50% of us to see. Another 25% are starting to see the light. Pretty soon, the rest of the lefty hypocrisies are going to hit them like a ton of Antifa-sourced bricks. I expect most of them to keep their heads down, politically, but the polls and votes will tell an epic tale.
Oh, and we haven’t had our economic crisis yet. By mid-summer, we will have either hyperinflating prices or a hypercrashing stock market, take your pick. Things are going to get even more fun.
Red pilling in action:
https://www.youtube.com/watch?v=5Qow3lo9QmU
Red pilling in action
Meh. This guy is an idiot. All of that was completely obvious BEFORE the election. Typical libtard. He’s part of the problem.
new homes have been consented
consented = building permits granted?
Being separated by a common language is always fun
As they describe how the junk bond buyers let their guard down, so did the US lenders:
‘There aren’t as many 100% loans available now like there were back then. You’ve got to put a little skin in the game these days’
Very little. I’m not going all into it again, but the FHA/USDA crap I’ve seen can be easily manipulated by UHS into over 100% loans and has been for years. And they couldn’t get away with it if not for collusion with appraisers.
but the FHA/USDA crap I’ve seen can be easily manipulated by UHS into over 100% loans and has been for years
I remember reading in 2017 in a daily emailed mortgage report/update an article about a “Loan Officer” (LO) in Minneapolis who claimed he used funds from 19 (I swear that was the number) different non-profits to get 1 family a loan so they could “buy” their first house.
With that said, I suspect this Loan officer’s job was working with Affordable lending, CRA and minority loans and educating the poor and underserved about banking/money. He was probably on a fixed salary plus a small commission. He was most likely not what most people think of as a loan officer, because this had to take a ton of time to put together and hold together plus it was most likely a small sized loan and no “high” level LO would waste this much time for such a small commission. Plus I doubt very few LO’s would know about 19 non-profits that provide money for housing.
Can’t wait until today’s insanely loose subprime loans targeted at minorities turn into tomorrow’s discriminatory predatory lending to minorities, that put them underwater and qualifies them for reparation bailouts…same as last time.
I’ve seen this movie before,
And I have to admit it’s no bore.
But the lying, the dying, the late night crying,
They make me want to watch it no more.
Brandon’s approval rating among blacks – exempting vibrants who are taking full advantage of their freedom to caper with impunity – is in free-fall. It’s got a lot further to fall, especially once the flood of Central American illegals starts competing with them for jobs, housing, and social services resources.
We need another round of stimmy checks, stat! Come on man.
Chicago’s black aldermanic caucus are refusing to give up 3 ward to the ascendant hispanix caucus that they deserve by population. The redraw of the ward maps is getting highly contentious. The new chicago Publix schools CEO is not a black but a hispanix and a lot of the former CPS execs have resigned because they know the ways the winds are blowing. Times are a changing quickly for them.
“…and educating the poor and underserved about banking/money.”
Imagine explaining compound interest in the barrio or ghetto? 🙂
Payday/car title lending shops provide “hands on” education about compound interest in da ghetto.
Ouch!
So long as everyone is doing it, where’s the problem?
“…as long as the music is playing, you’ve got to get up and dance.”
— Citigroup CEO Chuck Prince
Election fraud nightmare?
Marxist utopia?
Racial hatred and division?
Pelosi’s magical stock picks?
“In recent months, CNN, the Washington Post and several other national media outlets have asked if America is heading into…”
Canadian Prime Minister Justin Trudeau has fled the capital Ottawa to an undisclosed secure location…
Lockdown Lovers image files, Oh Canada Edition:
https://ibb.co/JmgyWYL
This next one from one of *many* Canadian salt mine threads mostly compiled from Reddit screenshots:
https://ibb.co/kSyfZG9
“I saw a bad flag”
“Protesters fought cold weather on Saturday to join thousands of truckers who have made headlines and gained the support of anti-mandate activists across the globe, including in the US, as they have made their way into Ottawa, protesting against Trudeau’s Covid measures. Some trucks were emblazoned with messages such as “F**k Trudeau” and “Mandate freedom.”
https://www.rt.com/news/547754-trudeau-hiding-truckers-covid/
“Oh Canada Edition:”
🙂
‘In this market, anything is possible’…’We have good intel. The market has a bit of runway…The top realtors who made a lot of money can jump in and invest it. Ride the wave’
You go girls. Nobody ever lost their a$$ in Miami Beach. It’s funny how this repeats. Make more money than a lifetime, and what do they do? Take it all and gamble on more.
“Make more money than a lifetime, and what do they do? Take it all and gamble on more.”
They call it ‘gambler’s ruin’ for a reason.
Nobody ever lost their a$$ in Miami Beach. It’s funny how this repeats. Make more money than a lifetime, and what do they do? Take it all and gamble on more.
This happened in 2002-2004 when LO’s made a ton of money refinancing loans. What do they do with the money? Seemed like everyone needed to buy a “weekend” home in Miami beach. Really nice cars in the parking lot too! Funny thing, seemed like a lot of the women got boob jobs too. (not kidding)
I love the scene in the movie “The Big Short” where the two Loan Officers go from being cocky, crooked D*ckheads to standing in line at a job fair. Classic!
Pigs get slaughtered.
Nobody ever accused realt@rds of being intelligent.
‘smaller, quieter areas in the region, such as Richmond Hill and Markham, which are ‘not situated in the middle of nowhere’
K-da is in the middle of nowhere. I came across this:
‘Thousands of protesters demanding an end to pandemic restrictions descended on Parliament Hill on Saturday, along with hundreds of trucks and personal vehicles that filled Ottawa’s streets and turned the city’s downtown into a parking lot.’
‘The protest was largely peaceful.’
‘Pierre Poilievre, a prominent Ottawa-area MP, posted a video of himself standing with protesters along a highway overpass. “This is a rally for truckers, but it’s also a rally for the 60 per cent of Canadians who say they worry they can’t afford food,” he said. “It’s for all those that our government and our media have insulted and left behind. It’s for the people who work hard to put food on our table, to stock our shelves and to make this country work.”
“Freedom not fear, truckers not Trudeau,” Mr. Poilievre said.’
https://www.theglobeandmail.com/politics/article-thousands-of-convoy-protesters-descend-on-parliament-hill-to-demand-an/
I’m surprised enough Canadians grew a pair and pulled this off.
The screenshotted Reddit posts of the pearl clutchers opposing this protest are the most beta cuck undetectable testosterone level virtue signals I’ve ever read.
Sub-reddit /r/Ottawa is bootlicker central.
I’m surprised enough Canadians grew a pair and pulled this off.
Most of them we not from Montreal, Toronto or Vancouver
reddit itself is globalist bootlicker central. Only cucks and commies allowed.
Not all Reddit subs are soy boy dominated. Some are rather based.
https://www.reddit.com/r/Wallstreetsilver/
‘The protest was largely peaceful.’
Real Journalists & their globalist propaganda outlets seem to have widely varying standards for terming protests “mostly peaceful.” One for the Soros scum, and one for patriots.
‘The protest was largely peaceful.’
So, half of Ottawa burned down?
From the Evergrande piece: “Meanwhile, since the company has managed to avoid a technical default onshore thanks to negotiations with creditors there—who may ultimately be expecting some roundabout assistance from Beijing—money continues going out the door for operations and Evergrande continues to spend to build apartments owed to its customers.”
The agony of bleeding out both ends!
“who may ultimately be expecting some roundabout assistance from Beijing”
I guess there is no law in China or any other corner of the globalist financial community against holding out hope for bailouts.
Reminder: Hope was the last & most dangerous thing in Pandora’s box.
A little weird that Chinese investors believe that evergrade isn’t going to crash thr entire sector, as every other day another company no one has ever heard of announces their own bond default. Is China going to be the next Argentina?
Once MSM journalists start to get a clue, and REIC lapdog economists start pimping denial,
you can stick a fork in it.
Up next: ‘Nobody could have seen it coming!’
“In recent months, CNN, the Washington Post and several other national media outlets have asked if America is heading into another housing bubble.”
Up next: the non-stop sob stories from “disadvantaged minority” FBs who were “preyed on” by “predatory lenders” and who are now losing “their” shacks.
Where’s AlbuquerqueDan when you need someone to put in an encouraging word about investing in China-ron?
“Still, if Evergrande’s offshore bondholders do get roundly stiffed, it is difficult to deny that the optics for China as a place to invest writ large are terrible—especially given what holders of U.S.-listed Chinese educational and internet technology stocks have experienced over the past 12 months.”
Chinese educational stocks? What are those?
After-school tutoring market spooked by CCP edicts that will turn it into a nonprofit industry and prohibit indirect foreign ownership in the businesses, including three U.S.-listed Chinese education stocks. From what little attention I paid, the U.S.-listed Chinese education stocks looked like scams.
Chinese education stocks
I don’t know about scams, but I know several real teachers who were making bank schooling English to Chinese kids online. Until CCP stopped it.
Best to do the teaching online – it’s very easy for foreigners to get screwed teaching English IN China (search China Law Blog if you need the details).
Last summer, the Chinese government banned companies offering tutoring services around academic subjects in China’s National Curriculum from making profits, raising capital through stock markets, or going public.
Suspected stock fraud associated with $GOTU and $TAL.
https://www.morningstar.com/news/marketwatch/20210723558/china-based-education-stocks-rocked-on-worries-over-new-prc-regulations
If either of you want more info, you’ll have to use a search engine yourself.
Aussies are stating to turn on their globalist Quisling occupational regime.
PM Scott Morrison faces electoral wipe-out with support plunging, according to Newspoll
https://www.news.com.au/finance/work/leaders/pm-scott-morrison-faces-electoral-wipeout-with-support-plunging-according-to-newspoll/news-story/622c0a7dd7ca767f9a85180ef3ac957b
Prime Minister Scott Morrison is fighting for political life with popular support plunging to the lowest levels since 2018.
Prime Minister Scott Morrison’s government is fighting for political life according to Newspoll with popular support plunging to the lowest levels since the 2018 leadership change.
After a horror summer marked by rising Omicron cases, hundreds of deaths and fury over a shortage of rapid antigen tests, voters have turned on the government with a sharp drop in support.
I have the sinking feeling that ballot box stuffing is a global, WEF supported enterprise, and that Mr. Morrison will have an “against all odds” victory in the next Oz elections
Yep. Australia & New Zealand are the templates for what the globalists have planned for the rest of the former western democracies. However, the cuck quotient in those countries, and Canada, was sufficiently high that electoral fraud wasn’t necessary to install globalist puppets. In ‘Murica, however, the globalists & their Democrat-Bolshevik Quislings have mastered the art of wholesale electoral fraud, made possible by the systematic corruption and complicity of the DoJ & FBI.
ballot box stuffing
I was multi-tasking while watching the Trump rally, but I did catch “mules” and “True The Vote” then came across this intriguing site and 1m34s trailer just now: http://2000mules.com/
Is your recall Gruesome ballot still lost in the ether?
Yes, despite being personally dropped alongside my husband’s counted ballot in a “secure” yellow bag at a polling station.
After a horror summer marked by rising Omicron cases, hundreds of deaths and fury over a shortage of rapid antigen tests
Notice how the MSM puts COVID stuff and loss of support for Morrison in the same sentence, thereby inventing causality. Did they ask the voters the reasons why Morrison lost support? The voters might have a different answer.
Maybe I’m missing it, but it seems like the Fed may need to hike rates quite a bit to chase down consumer price inflation running at a red hot six percent, and much hotter in real estate.
“Rates are picking back up now, but I think they will remain low. People got spoiled when they were super low.’”
Real-world inflation is running much hotter than the CPI’s fake, Soviet-style data indicates.
Yahoo
Bloomberg
Quantitati e Tightening Looms for Markets on Hawkish Fed
Enda Curran, Liz Capo McCormick and Libby Cherry
Sat, January 29, 2022, 6:20 PM·5 min read
Quantitative Tightening Looms for Markets on Hawkish Fed
Jerome Powell’s hawkish pivot makes it clear that a key crutch of support for the global economy is going to be pulled away sooner than financial markets had been betting.
Chair Powell’s Federal Reserve last week indicated it would soon raise interest rates, but also to cease adding to its massive stockpile of bonds by early March.
Counterparts are also ending or slowing the bond-buying which accelerated in the coronavirus recession with some even looking to reverse it.
The Bank of Canada last week signaled it could tighten monetary policy in coming weeks having ended so-called quantitative easing in October. Markets are betting the Bank of England will lift rates on Thursday to the level it has said it may begin shrinking its portfolio. The Reserve Bank of Australia is projected to announce an end to its bond-buying program when it meets Tuesday.
All told, Bloomberg Economics expects Group of Seven central banks will add just $330 billion to their balance sheets this year, a sharp drop from the more than $8 trillion added during the pandemic in a bid to ease markets, contain borrowing costs and spur demand and risk-taking.
That lays the groundwork for the G-7’s combined portfolio to peak in the middle of this year at around $27 trillion, an amount that would have been unimaginable before the 2008 financial crisis when bond-buying became a key tool for most monetary authorities.
A key question is what does the exit from QE mean for the world economy. If it enables central banks to get on top of rampant inflation, then it could help extend the recovery from the 2020 slump, especially if it acts as a substitute for higher benchmark rates.
But if the process ends up roiling markets, it could have the opposite effect by cutting off the flow of credit to consumers and businesses, hitting their confidence.
“If central bank rates alone were increasing [rates], but quantitative easing was staying in place, this would provide at least some liquidity support to asset prices,” said Freya Beamish, head of macro research at TS Lombard. With the liquidity tide turning, “there is no cushion to fall back on.”
…
Cryptos a sea of red again as the knife catchers get impaled.
https://www.cnbc.com/cryptocurrency/
Que semana horrible…
https://www.fastcompany.com/90716845/cryptocurrency-bitcoin-collapse-legislation
01-29-22
Cryptocurrency just had a terrible, terrible week
Bitcoin collapsed. A report said that crypto-crime has skyrocketed. And now the president is calling crypto a threat to national security.
Cryptocurrency just had a terrible, terrible week
[Source photo: Jeremy Bezanger/Unsplash]
By Mark Sullivan
3 minute Read
“In recent months, CNN, the Washington Post and several other national media outlets have asked if America is heading into another housing bubble. The general conclusion has been that economists say we’re not.
Anyone still relying on these globalist propaganda mouthpieces for news and information in 2022 is a slack-jawed imbecile.
The only reason to follow the MSM is to know what the enemy wants to do to us today.
It’s always telling to see emergent Narratives being floated by such globalist mainstays as The Atlantic or the UK Guardian. Real Journalist lies, omissions, and distortions tell their own kind of truth, I’ve discovered.
“Kyle Aud, Owensboro market president of German American Bank, said, ‘There aren’t as many 100% loans available now like there were back then. You’ve got to put a little skin in the game these days.’”
Not enough skin to keep the FBs from mailing you their keys & walking away from their underwater shacks en masse, Kyle. Color your bank insolvent when Housing Bubble 2.0 goes the way of its predecessor.
‘We have good intel. The market has a bit of runway,’ said Douglas Elliman agent Brett Harris. ‘The top realtors who made a lot of money can jump in and invest it. Ride the wave.’”
Brett, if you tell me what bridge you & your fellow wave-riders will be sleeping under when it all goes pear-shaped, I’ll try to drop off a regular supply of Mad Dog 20/20.
From Colorado Public Radio. “‘The answer should be [that] the builders should be able to ramp up production to build more homes.
Colorado is in a mega-drought. Building more homes could be problematic as the water supply starts running out.
The thirsty blue grass lawns will be the first to go.
The entire western half of the USA is at about full population capacity right now, and significantly over capacity in certain spots if a real severe drought takes hold.
The home was auctioned off for $6.526 million — just 22% of his original price tag of $30 million.
Weren’t going to give it away, ay, Greedhead John?
First, following a letter from offshore debtholders threatening unspecified legal action, Evergrande Group announced Wednesday that it aims to release a ‘preliminary restructuring proposal’ within the next half year.”
Not a plan, mind you – a proposal. Round-eye Evergrande “investors,” I suggest you look up the Chinese character for “schlonged.”
Mount Carmel, UT Housing Prices Crater 27% YOY As Utah Leads Nation In Mortgage Defaults And Foreclosures
https://www.movoto.com/mount-carmel-ut/market-trends/
As one noted economist explained, “A house is a rapidly depreciating asset that empties your wallet every day it owns you.”
The Pressure Campaign on Spotify to Remove Joe Rogan Reveals the Religion of Liberals: Censorship
All factions, at certain points, succumb to the impulse to censor. But for the Democratic Party’s liberal adherents, silencing their adversaries has become their primary project.
https://greenwald.substack.com/p/the-pressure-campaign-on-spotify
I got an email from someone I know in Dallas about the Canadian trucker thing. “Did you know about this? I haven’t read anything about it in the Dallas Morning News.”
I would add to this writer, it’s isn’t just so-called liberals. The entire globalist scum media does it too, including fox. De-platforming, de-monetizing, cancel, flat out lies.
I got an email from someone I know in Dallas about the Canadian trucker thing. “Did you know about this? I haven’t read anything about it in the Dallas Morning News.”
Why does anyone still have a subscription to an MSM “newspaper”, even if it’s online. All you need to see are the headlines.
Speaking of headlines, vibrants shooting vibrants has become a nightly event in Dumver. No need to read the articles. They never have pics of the perps or their victims, except on the rare occasion when the perp is white.
Citizen! The globalist-approved term for vibrant-on-vibrant gunplay is “gun violence.” By shifting the blame from thugs to guns, our globalist overlords can focus on disarming potential resisters instead of the violent criminals who are indispensable to our Great Reset agenda. As soon as our CCP ideological comrades license their social credit score programs to the DNC, you, subversive, will be receiving an instant downgrade along with the other HBB reprobates who continue to post non-Narrative Compliant comments. Forward!
Related article.
Dr. Joseph Mercola — Fascist Google Doesn’t Want You to Research Mass Formation Psychosis (1/29/2022):
“The technocrats quickly took action, adding a rarely seen warning that popped up for those searching the suddenly popular phrase in the early days of 2022. It read, “It looks like these results are changing quickly. If this topic is new, it can sometimes take time for results to be added by reliable sources.”
In reality, the topic is not new. Mattias Desmet, professor of clinical psychology at the University of Ghent in Belgium, who has 126 publications to his name, has been studying it for many years, and the phenomenon actually dates back over a hundred years. One of the earliest works on the subject, according to Malone, is an 1841 book titled, “Extraordinary Popular Delusions and The Madness of Crowds,” which details “the irrational behaviors of crowds.”
You won’t find any of this — at least not easily — if you search on Google for “mass formation psychosis” today, however, as it’s all been effectively buried by Big Tech. What you will find is the results of an orchestrated and carefully vetted links to sites that help control the mainstream narrative around the topic. This not only serves to twist the meaning of the term but also to discredit Malone, a classic Orwellian Doublespeak move.
The top search results include headlines like “An anti-vaxx scientist said ‘mass formation psychosis’ caused people to follow COVID-19 measures. Psychologists say there’s no such thing,” (Business Insider) and “Fact Check-No evidence of pandemic ‘mass formation psychosis’, say experts speaking to Reuters” (Reuters). Rogan’s interview with Malone was also taken down by YouTube.”
https://uncanceled.news/fascist-google-doesnt-want-you-to-research-mass-formation-psychosis/
Globalists gonna globe.
(an interesting snip)
“Desmet says that the more absurd the narrative and its surrounding measures become, the more successful they will be for a certain part of the population, usually about 30%, because the measures function as rituals, through which an individual shows that they are less important than the collective masses:
“Another irony is that the higher the level of education, the more susceptible people usually are to mass formation, Desmet says. ‘The people who try to get advanced degrees are usually people who think that social status is very important. And that could be the reason they are inclined to conform with the mainstream narrative.’ It may also explain why so many physicians and academics have bought into the propaganda, ignoring science in favor of the collective narrative.”
(another interesting snip)
“Those who are under the spell of mass formation psychosis are so convinced that their narrative will save the world that they feel justified in using manipulative tactics and lies to protect it, Desmet explains, exemplifying Plato’s noble lie — the notion that, in the case of high-status individuals or designated public leaders, it’s acceptable to lie if the lie is made in the interest of the common good. According to Desmet:
“’Once you understand the nature of mass formation, you also understand what you can do about it. But that doesn’t mean that it is easy to do something about it. The process of mass formation is a kind of hypnosis. Most scholars agree that it is very hard to wake people up from such a state of mass formation. Mass formation is a phenomenon that’s provoked by a voice.
“It’s the voice of a leader, the voice that is distributed time and time again through the mass media, that keeps people in the grasp of mass formation, and the leader himself is also grasped in this process of mass formation … both the hypnotist and the hypnotized are into the process.’
“Who’s the leader today? ‘The experts. The authority and the technocrats you could say,’ Desmet says. The way out involves having the courage to speak the truth, even though doing so is typically extremely dangerous.”
(IMO the entire article is worth a full read)
It may also explain why so many physicians and academics have bought into the propaganda, ignoring science in favor of the collective narrative.
It’s worth remembering that few MDs are actually scientists. If the FDA or CDC say that something is so, they accept it, end of discussion.
Its not that simple. Plenty of physicians have the knowledge and experience to doubt the entire vaccine strategy being used against Covid. And they certainly know that the vaccines were always a huge untested product full of risks. They have more knowledge than do the average person, informed or otherwise.
But physicians work in a well regulated and organized environment. Enter “Cancel Culture”. Lots of MDs are virulent and active liberals who see their lot in life to control the peons. So from the beginning of the pandemic, these nut jobs took over the stage and succeeded in silencing the opposition. Physicians and scientists who protested were silenced or fired. You get the picture.
I personally have academic physician friends that don’t dare speak up against these loony therapies, strategies and “vaccines”. They risk their careers since the nut jobs that inhabit universities today would attack them–it doesn’t matter if the loony liberal is a gender studies professor–any PhD is an “expert”.
Blame all of this on a thoroughly ignorant public when it comes to science and medicine. Face it, most people’s knowledge of even basic biology is virtually none existent. I argued with my brother last night about the test and vaccines. He supports all of it and has never taken a single biology course in his life–he’s a business guy. I spent my entire 30 year career working in things directly related this Covid-19 “‘pandemic”–e.g., Epidemics (AIDS), death rates (Vital statistics), drugs and clinical trials (Biotech firm doing clinical trials), PCR testing (Minimum Residual Disease detection using PCR technology–which my lab was doing 20 years ago).
Mass psychosis is truly a massive thing and no amount of discussion is going to cure it.
Its not that simple.
Apparently, a Gilead-funded scientist, Boulware, fraudulently used folate as placebo to claim HCQ was ineffective when it’s as effective as HCQ. Gilead is the maker of remdesivir and a deep state pharma favorite.
Not all of them. This Senate panel is 5 hrs long and I jumped in around 4 hrs, 20 mins and ended up skipping back thru most of it. All of these drs I’ve already heard and know where they come from but the last hour gets pretty intense as there was nowhere near enough time to bring everyone in that Senator Johnson wanted to so ppl are cutting right to their points and the discussion moves quickly. The DoD statistics given towards the end are sobering to say the least….and to see these men and women who’ve spent a lifetime in medicine, choke up as they discuss how wrong all of it has been….powerful
https://rumble.com/vt62y6-covid-19-a-second-opinion.html
“Blame all of this on a thoroughly ignorant public”
I blame the “experts” who are either lying or are protecting their careers. Especially when people are dying.
Last night I heard a speech by psychiatrist Mark McDonald, MD who wrote a book entitled, “United States of Fear – How America Fell Victim to a Mass Delusional Psychosis”. He spoke of the “climate of fear being stoked by public health authorities and irresponsibly amplified by national media”. Bought the book. Look forward to reading it.
climate of fear
Imagine how WW2 would have ended had today’s pantywaists been the typical American back then.
The media is fully aware of the Streisand Effect. Funny how they choose to use it.
“…the Streisand Effect.”
An interesting etymology.
If you thought Brandon’s diversity hire VP pick was horrific, wait’ll you get a load of the Affirmative Action prizes he’s considering for SCOTUS.
Biden’s list of potential SCOTUS picks ‘expands to at least 12 candidates’: Civil rights attorney who compares ban on felons voting to slavery, a judge Ted Cruz called an ‘activist advocate’ and an NYU professor who said Giuliani’s defense of Trump during impeachment trial was ‘death spiral of stupid’
https://www.dailymail.co.uk/news/article-10455771/Bidens-list-potential-SCOTUS-picks-expands-12-candidates.html
It doesn’t really matter. The new Justice can rage all she wants, but her votes will be the same as Breyers’s.
My thought exactly. Only difference is the MSM will play up her “stunning and brave” votes more than Breyers’.
Brandon of yore
Way back in 2003 through 2005, when Joe Biden was still a Democrat senator from Delaware, President George W. Bush nominated Janice Rogers Brown to the U.S. Court of Appeals for the D.C. Circuit, but due to her conservative views, Joe Biden and the Democrats filibustered her nomination, blocking a final vote on her confirmation.
https://www.breitbart.com/politics/2022/01/30/biden-filibustered-black-woman-judges-nomination-two-years/
Funny how all the globalist Quisling Comrades of Proven Worth who have captured the western world’s public education systems are all pushing the same globalist-authored, anti-white agenda on increasingly younger children. This is in line with Lenin’s dictum that he who controls the youth, controls the future. Forward, Soviet!
Fury as children as young as seven are to be told they are not ‘racially innocent’ because they view ‘white at the top of the hierarchy’ as part of Green-controlled Brighton Council’s diversity training for teachers
https://www.dailymail.co.uk/news/article-10457131/Fury-children-young-seven-told-not-racially-innocent.html
Right on cue….
The latest Covid variant is 1.5 times more contagious than omicron and already circulating in almost half of U.S. states
https://www.cnbc.com/2022/01/28/the-new-bapoint2-omicron-subvariant-is-already-circulating-in-half-of-us-states.html
And they mention in the article that the vaccines are effective against the new mutation.
They are just making this s*hit up.
They are just making this s*hit up.
A needle in every arm. They won’t stop until they reach their goal or we make them stop.
They definitely won’t stop. The question is what’s going to happen at, say, Easter, when cases are way way down? My guess is they’ll say “Oh, but we need to prepare for the next wave in the fall,” or some such nonsense. I wonder who’s going to fall that. Probably the parents who are having a sad that they can stick even more needles into their new babies.
Yeah, I’m done. I’m not getting any more shots until cases and hospitalizations are back up, and not before.
A needle in every arm. They won’t stop until they reach their goal or we make them stop.
Fearmongering. This is over. Even the jabbed are finished.
They’re probably right on this one. The shots are still crappy at preventing infection or symptoms, but they are still effective as a symptom reducer. Same with naturally acquired immunity (but they won’t tell you that). This new Omicron might be even better. 1.5x contagious… that just means masks will work even less, and we’ll get to herd immunity even quicker.
I’m still not looking at the numbers or data.
they are still effective as a symptom reducer
This part isn’t convincing. It can be said over and over without a shred of evidence or logic. I have two in my family sick right now and “positive”. One got the shots and the other not. The one with the shots is much sicker.
Agreed, this all they have left of their Narrative, and it’s falling apart.
Oh for God Sakes, they are a bunch of liars that had a pre planned scheme to take over many Countries by Medical Tyranny in collusion with corrupted Governments and fake news with censorship of facts and dispute.
They could give a rats ass about public health , and based on how many people they have killed and injured so far, they might have a depopulation agenda that is just murder.
Seriously, they have to be stopped and the public needs to go on the offensive before they do more damage.
They have already showed their true colors , and the evidence shows they are killers and psychopaths that have attacked humanity , that they plan to enslave under a One World Order Dictorship where they dictate.
They are your enemy , just saying.
“Vax” ineffectiveness proven with an N=2. Well that’s just awesome. Did you correct your sophisticated statistical study for age, blood pressure, BMI, A1C, Vitamin D levels, prior infection with COVID known or unknown, time since most recent infection with a coronavirus cold known or unknown, type of vaccination, time since vaccination, and initial viral inoculum?
Symptom reducer applies more to Delta anyway.
Shitting all over themselves while backpedalling to “symptom reducer”. Aspirin is a symptom reducer.
The tangle web liars weave….
Same with naturally acquired immunity (but they won’t tell you that).
The CDC Study came out about a week ago and flat out says: Natural Immunity is Better than 2 vaccines to present hospitalization. About 3 or 4 YT videos discussed it.
Don’t know if the MSM covered it or not.
Present = Prevent
Sorry for the typo
Don’t know if the MSM covered it or not.
Every jabbed person I know thinks that natural immunity is useless.
natural immunity is useless.
Ironically, just yesterday it was common knowledge. If you recovered from a bug, you could care for the ill without fear. Common knowledge, really very simple. I guess most people don’t poses common knowledge, just get it from voices of authority. Which makes us as a lot very vulnerable.
Perhaps a batch of poke salad in the spring is more effective than these experimental biological agents.
Covid-19 Deaths are rising sharply in Australia and official data shows the Fully Vaccinated account for 4 in every 5 of them
Latest from #ClownWorld
Colorado State University offers students who have been ‘affected by a free speech event’ 17 different campus resources for help
https://www.dailymail.co.uk/news/article-10456489/Colorado-State-University-offers-campus-resources-students-affected-free-speech-event.html
CSU: proudly preparing today’s students for rewarding careers as baristas.
A reader sent this in:
‘Median sales price of new houses sold in the U.S. declined to $377,700 in December, the second consecutive month with a decrease’
https://mobile.twitter.com/stlouisfed/status/1487614055540039683
The graph shows it off by 40k.
Note that this is before any withdrawal of Quantitative Easing or interest rate increases by the Fed. Things could get REALLY interesting if they make good on announced plans.
The Financial Times
Federal Reserve
Fed could use half-point rate rises if needed, says official
Raphael Bostic insists all options on the table at central bank’s remaining seven meetings this year
Raphael Bostic, president of the Fed’s Atlanta branch, is sticking to his call for three quarter-point interest rate increases in 2022 but a more aggressive approach is possible
© Reuters
Colby Smith in New York
January 29 2022
The Fed could supersize a rate increase to half a percentage point if inflation remains stubbornly high, a leading US central bank official said.
Raphael Bostic, president of the Fed’s Atlanta branch, stuck to his call for three quarter-point interest rate increases in 2022, with the first coming in March, in an interview with the Financial Times. But he said a more aggressive approach was possible if warranted by the economic data.
That could mean rate rises at each of the seven remaining policy meetings in 2022, or even the possibility of the Fed increasing the federal funds rate by half a percentage point, double its typical amount and a tool it has not used in roughly two decades.
…
Things could get REALLY interesting if they make good on announced plans.
Makes me think of the meme where the sweating dude has to pick between pressing one of two buttons, in this case: “Raise interest rates” or “keep house prices high”
These guys aren’t sweating at all. They were day trading their future policies, front running the stock markets. They are fantastically wealthy. They are not the least bit concerned with this inflation, it’s what they wanted. Go back and listen to their comments from the past. “Let inflation run hot for a while.” It’s all by design.
If the FED was concerned about inflation, they would have moved to snuff it out immediately. Instead, they are still promoting it. QE doesn’t even end for another 2 months. And it’s at that point they said “it might be prudent” to raise rates, and even if they do, they are woefully behind the curve.
If you look at even the reported CPI right now, which is akin to North Korean propaganda at this point, the FED could raise rates by 50 basis points every meeting for the next 2 years and still be way behind inflation. These guys are not hawks, they’re doves talking sh!t to try to pacify the people who are starting to complain. They’ve got society’s balls in a financial vise right now, and they like it.
I wonder how long after the onset of the Fed’s punchbowl removal operations it will take for sh!t to really hit the fan.
For a historical reference, I believe that Alan Greenspan tapped on the brakes circa 2006. By summer 2007, the U.S. economy was experiencing a so-called Credit Crunch. But the wheels didn’t really fall off until 2008, starting with the Bear Stearns collapse in the spring, followed by the collapse of all kinds of financial institutions by year end 2008.
Here’s a story on the 2007 Credit Crunch:
https://www.reuters.com/article/us-crunch-timeline/timeline-the-credit-crunch-of-2007-2008-idUSL155564520080805
I hope the degenerate stonk gamblers don’t let the door hit them in the arse as they exit the burning building.
https://www.arabnews.com/node/2013891/business-economy
Irrational Market > solvent participants
Seems like adversaries are getting bolder after the Afghanistan debacle.
North Korea test-fires most powerful missile since 2017
https://www.aljazeera.com/news/2022/1/30/pyongyang-continues-january-launch-spree-as-new-rockets-spotted
Tough to be a conscientious border patrol agent when your “superiors” have been ordered by their globalist puppetmasters and the Brandon regime to facilitate the flood of Democrat-on-Arrival illegal immigrants and resettle them in the red states. Appointing the epically incompetent Kamala Harris as Border Security Czarina was a green light to every Central American and Haitian sad sack to head north.
https://www.foxnews.com/politics/border-patrol-spat-during-mayorkas-visit-latest-tension-with-biden-admin
Sincere question, because I don’t know this: how welcome are these illegal immigrants in Red States? Will employers employ them? Do they get freebies and drivers’ licenses and education? Are there thriving illegal communities in these states to support these new arrivals? Wouldn’t most of these immigrants just wind up traveling to friendlier Blue states shortly after arriving and settling there instead?
Who do you think works in all the meat packing shops and dairies? And where are most of those located? You guessed it, mainly “red” states in the Midwest and South.
Meat packing was once a middle class job. Then they brought in the Nuevos Americanos and that changed. I mean, there is is an NFL team named the Packers.
Gotta be tough to work in refrigerated warehouse.
OK, so aren’t all these low-skill and ag jobs already saturated with illegal immigrants? Around here, all the low-skill jobs are already taken by illegal immigrants. Not much room for more. Maybe that’s why the Dems want all that amnesty: Bring in a wave of cheap illegals to do the jobs, amnesty them, fire them because now they’re too expensive, put them on Dem welfare rolls, bring in another wave of cheap illegals to do the jobs, rinse and repeat.
I don’t know, but the notion that “red” states are somehow free of illegals is a fallacy. They’ve been there for decades and have been welcomed in to force down wages in general. The locals in “red” states may not like it, but they are welcomed in by the 1%-ers and GOP party in those states. Most don’t even bother with driver’s licenses or other legal formalities, and regularly drive drunk and cause fatal accidents. Brought to you by every administration going back to Reagan, probably.
Georgia Secretary of State Brad Raffensperger stood up to Trump and wants to inspire a GOP revival. But he’ll have to make it past his party’s own voters first.
Grace Panetta Nov 2, 2021
“Honesty. Hard work. Decency. Patriotism,” Georgia’s Republican Secretary of State Brad Raffensperger told Insider in a recent interview when defining what he sees as the old-fashioned value system that he believes his party should once again embrace.
Raffensperger spoke to Insider ahead of the Tuesday publication of his new book “Integrity Counts.” The book functions as part memoir, part day-by-day recounting of the whirlwind two months between Election Day 2020 and his infamous January 2 phone call with President Donald Trump, and part blueprint for how the GOP should recalibrate and move forward.
https://www.businessinsider.com/brad-raffensperger-georgia-secretary-of-state-interview-gop-future-trump-2021-11
Georgia SOS Brad Raffensperger’s Office Explains Taking More than $5
Million from Mark Zuckerberg Group for State’s 2020 Presidential Election
April 13, 2021
“Any grant or funding source, as allowed by Georgia law, has enabled this and local elections offices to combat disinformation similar to recent articles published by this outlet that undermine the confidence of Georgia voters,” Jones said referring to the events of last year.
The Georgia Star News did not debut until November 2020, and only after Election Day.
As Breitbart News reported, Zuckerberg and his wife Priscilla Chan donated $419 million to two non-profit groups that provided controversial private funding to state, county, and municipal governments for election administration in the 2020 presidential election. $350 million of Zuckerberg’s money went to the Center for Technology and Civic Life, which spent at least $24 million in key Georgia counties. $69 million went to the Center for Election Innovation and Research, which privately funded state level operations through Secretary of State offices in 23 states, including $13 million in Pennsylvania, $11 million in Michigan, $5.6 million in Georgia, and $4 million in Arizona – four key battleground states that U.S. President Joe Biden narrowly won.
Jones did not specifically describe how Raffensperger spent the money — but the CEIR website did.
“Georgia used CEIR grant funds in both the November general election and January runoff election to encourage voters to apply for a ballot online,” the CEIR website said.
https://tennesseestar.com/2021/04/13/georgia-sos-brad-raffenspergers-office-explains-taking-more-than-5-million-from-mark-zuckerberg-group-for-states-2020-presidential-election/
old-fashioned value system that he believes his party should once again embrace
You mean the one where Republicans are in office and Democrats are in power?
old-fashioned value system that he believes his party should once again embrace
Any politician who takes campaign contributions from Mark Zuckerberg, George Soros, or any other globalist oligarch has just one “value”: toadying for their globalist pimps.
Sorry, NeoCON bullsh!t isn’t my dad’s Republican Party values. Try again, aszhole.
Big Pharmacy / Medical System buys off Government and they get rewarded for this bribery.
In fact there are methods to corrupt any industry, system or individual.
Bribery
Threat of job loss
Slander/ blackballing/cancelling/de-funding
Extortion/lawlessness
False legal attack, etc.
Fraud and rigged trials
False advertising /gaslighting
Collusion with fraud news , black out and censorship, false narratives and racism fraud to divide and conquer.
Scapegoating
These are the methods used by the Globalists Corporate Governance to corrupt and capture and take over.
Reality is breaking down the narratives as people are seeing they are being harmed, injured, killed,
looted, lockdowned, forced to wear useless masks, deprived, threat of job loss, threat of imprisonment , threat of starvation and energy needs.
forced to wear useless masks
Even though the county has not dropped its mask rule, I see fewer and fewer people wearing them. And why not? if 1/3 of the populace has had the coof, why should they bother wearing a mask?
Howard Hesseman (1940–2022)
By Linnea Crowther January 30, 2022
Howard Hesseman was an actor known for his starring role as Dr. Johnny Fever on the sitcom “WKRP in Cincinnati.”
WKRP In Cincinnati season 4 intro
https://youtu.be/g8exUJ-Cmfc
There used to be radio stations with real DJs like this. WMMS 100.7 in Cleveland back in the day…
I haven’t heard who is going to the Social Justice Bowl, the team wearing “End Racism” on back of their helmets or the team wearing “Black Lives Matter” on their socks?
Never mind, that would mean every team was going, although…
https://youtu.be/5Ue4_MWwKY8?t=80
News flash, Aussies: Your “fully vaxxed” status will be short-lived, as never-ending boosters will be mandated into perpetuity. Fauci & Co. will soon drop “fully vaccinated” for “up to date.” Wait for it.
ATAGI to change ‘fully vaccinated’ definition to someone with three doses, reports claim
https://www.news.com.au/technology/science/atagi-to-change-fully-vaccinated-definition-to-someone-with-three-doses-reports-claim/news-story/37289e037528453ebade89a3591836c5
Australia’s vaccine advisory body is gearing up to change the definition of a “fully vaccinated” person, according to reports. Here’s what it could soon mean.
Hollywood libtard makes shocking discovery: pulling the D lever has consequences.
Actor Michael Rapaport returns to his NYC neighborhood Rite Aid, days after filming thief stroll out with bags of stolen goods, and reveals how shelves are now ALL empty because ‘everybody stole everything’: Store closes and staff are out of work
https://www.dailymail.co.uk/news/article-10457755/Michael-Rapaport-returns-Rite-Aid-shelves-everybody-stole-everything.html
Actor Michael Rapaport returned to his neighborhood Rite Aid on Sunday only to find shelves empty just days after he saw a brazen thief calmly walk out of the store with two shopping bags full of stolen goods.
‘Back in my Rite Aid,’ he said in a video posted to his Instagram on Sunday. ‘And there’s nothing to steal because this Rite Aid like so many other Rite Aids is closing down because everybody stole everything. And the workers here don’t know if they’re getting jobs.
“pulling the D lever has consequences.”
‘everybody stole everything’
Let em eat shelf dust.
Boots:
1. I went to Wal-Mart recently in what I thought was a pretty decent area. Saw a sign that said “starting January 2nd this Wal-Mart will close at 8 pm.” I’ve never seen that. Are they not getting business past 8 pm? Maybe the area wasn’t as nice as I thought? Maybe I hallucinated it.
2. I was on the way out of a Home Despot the other day and saw a sign on the wall directed at employees. Basically, it said that “if you see someone shoplifting, don’t try to stop them, don’t touch their cart, your safety is more important. Just let them go out into the parking lot, and notify your security guy.”
Are they not getting business past 8 pm?
No, it’s because they can’t hire workers. The local Walmart has reduced hours and the staff is almost non-existent. If you want help, good luck. It’s basically almost all self checkout with a couple people at the front of the store, and nobody working the interior.
Ah, thank you. I forgot about the shortage of unskilled workers. Shortening hours is probably a more palatable solution than raising pay to man a mostly-empty store. It’s just that 8 pm seems really early for a Wal-Mart. I remember when some Wal-Marts were open 24/7.
BLM is turning into quite the lucrative racket for its founding Comrades of Proven Worth. Soros probably needs to demand an accounting for why funds meant for burning down American cities are being siphoned off so these notional commies can live the high life in lily-white neighborhoods.
Black Lives Matter ‘transferred millions to Canadian charity run by the wife of co-founder Patrisse Cullors to buy Toronto mansion formerly owned by the Communist Party’
https://www.dailymail.co.uk/news/article-10457275/BLM-transferred-millions-Canadian-charity-run-wife-founder-Toronto-mansion.html
Black Lives Matter transferred millions of dollars to a Canadian charity run by the wife of co-founder Patrisse Cullors, according to a report, which was used to buy a $6.3 million Toronto mansion to house an arts center.
News of the transfer of money to the Canadian group has raised further questions about transparency and accountability within Black Lives Matter – coming days after auditors said an inquiry into the handling of BLM’s $60 million war chest was necessary, and less than a year after Cullors was forced to stand down amid questions about her own property empire.
The BLM should create a STEM endowment for full ride scholarships to our University system.
“Black Lives Matter ‘transferred millions to Canadian charity run by the wife of co-founder Patrisse Cullors to buy Toronto mansion formerly owned by the Communist Party’”
Oh, that’s how you “End Racism”.
We can only hope the Choreographer who was hired for this video had a long successful career at the gas company and is now collecting a pension.
John Cougar – Ain’t Even Done With The Night
https://youtu.be/9CHvDPRWgJ4
Portland, OR Housing Prices Crater 22% As US Homeowners Slip Deeper Underwater
https://www.movoto.com/or/97214/market-trends/
As one national broker explained, “Remember folks… current asking prices of resale housing is 350% higher than long term trend and double construction costs. Now prices are falling.”