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The Fear Of Paying Too Much Is A Difficult Proposition For Vendors, All Of A Sudden

A report from the Mercury News in California. “Investors bought up just 4% of the homes sold in the San Jose metro area, and 6% in San Francisco and the East Bay last year – about the same level as 2015, according to Redfin. ‘Investors want high returns,’ said Redfin chief economist Daryl Fairweather. ‘The Bay Area is kind of past its heyday.’ San Jose real estate advisor Paul Getty said investor buying and selling last year was unlike anything he had seen in his decades-long career. ‘The movement out of California,’ he said, ‘has really become like a tidal wave.'”

The Santa Barbara Independent in California. “In the past decade, the City of Santa Barbara saw the addition of 388 new units of housing built, much of it rental. Admittedly, precious little of this was remotely affordable. But still, by Santa Barbara standards, that was unprecedented. Here’s the bad news. In that same period, the City of Santa Barbara saw the number of housing units sitting ‘vacant’ — at least as defined by the U.S. Census — increase from 2,371 to 2,825. I’ll do the math for you. We had 454 more vacant homes in 2020 than we did in 2010.”

“Even worse, the number of new housing units we built in the past 10 years was actually exceeded by the number of housing units that we lost because they went vacant. That also took me a while to decode, too. But eventually I got there. That’s a net loss of 66 housing units. Obviously, the largely illegal vacation rental market is driving Santa Barbara’s Empty House Syndrome.”

The Austin Monitor in Texas. “Short-term rental platform Airbnb is pushing City Council to change its long-held stance against working with companies that help STRs to operate and, in the process, take business away from area hotels. Commissioner Felipe Garza noted that investors are purchasing single-family homes at high prices so they can list the properties as short-term rentals and wanted to know what STR companies are doing to prevent the displacement of longtime residents from East Austin neighborhoods.”

“‘There seems to be displacement sometimes where Airbnbs go,’ he said. ‘What protections are you guys going to be providing to not displace members of the community, to make sure that where there’s new Airbnbs there’s affordable housing … not just affordable as defined by Realtors but through Section 8 and stuff like that?'”

The Brooklyn Reader in New York. “Dan Borrero says he’s $60,000 in debt due to a tenant who stopped paying during the pandemic, despite staying employed. ‘The reality is that the big guys only had 5% losses that they spread across their units, but mom-and-pop landlords that own four doors or less … some live on the house floor and they have tenants upstairs not paying rent … they’re struggling to pay the mortgage and increase in property taxes and all the expenses that come with it. It’s like getting water from a rock. And what do you tell the bank?'”

From USA Today. “It didn’t take long for Karin Smith to realize the RV life was not for her. Smith ended up selling the RV six months after she bought it. She never got behind the wheel. ‘It just started to feel like a money pit,’ she said. ‘I really started thinking about things like: Is this safe? What would I do with Wi-Fi? I work remotely, do I work listening to neighbors (at an RV park) argue or 14 people having a party next door for two days? It all just fell apart.'”

“Smith said she’s glad she got to dip her toes in the RV world, but warns potential buyers to weigh their options before making the purchase. ‘The shine came off once I bought it,’ she said. ‘We all watch the blogs or the YouTube videos and (RV life) looks so cool. … I thought we would visit all the national parks and honestly, we can. We can drive to them in a comfortable car, we can fly to them and stay in the parks. We can rent an RV for cheaper at this point.'”

From Bloomberg on Australia. “Sydney home prices have fallen for the first time in 17 months, signaling that Australia’s housing boom fueled by the pandemic and ultra-low interest rates is all but over. The country’s housing boom, mirrored in other countries during the pandemic, is fizzling out ahead of a widely expected tightening cycle by the central bank. ‘With rising global uncertainty and the potential for weaker consumer sentiment amidst tighter monetary policy settings, the downside risk for housing markets has become more pronounced in recent months,’ said Tim Lawless, CoreLogic’s director of research.”

The New Zealand Herald. “Rising interest rates have taken the first bite of the housing market with the latest figures from OneRoof showing an easing of growth across most of New Zealand. For the first time in years, house values fell in five Auckland suburbs. Torbay on Auckland’s North Shore dropped 4 per cent, Avondale dropped 3.7 per cent, Auckland Central dropped 3 per cent, Glen Eden dropped 1.3per cent, Te Atatu Peninsula dropped 0.3per cent, and New Lynn dropped 0.1 per cent. This translates to around $60,000 to $10,000 off the sale price.”

“The shifting down in gear is a sign that new lending rules and rising interest rates are starting to take effect with several regions’ quarterly growth well below the nationwide average, said OneRoof editor Owen Vaughan. ‘We are seeing it with clearance rates in the auction room where areas such as New Lynn that had rapid growth 18 months ago have now hit the ceiling. New restrictions mean buyers are pre-approved for a lot less which means they are also restricted how they can spend that money.'”

“For those selling their home, it meant adjusting to ‘new market realities’ where buyers had smaller bank-approved loans so there was an increasing number of houses passed in at auction. ‘The fear buyers had of missing out on a property had now been replaced with the fear of paying too much,’ Vaughan said. ‘That’s a difficult proposition for vendors, all of a sudden, which is why there are houses not meeting their reserves and agents finding a buyer after the auction.'”

From Bloomberg. “Investors in corporate bonds are suffering some of their biggest losses ever, with Russia’s invasion of Ukraine prompting a financial market upheaval that’s fueling expectations for accelerating inflation. Dollar- and euro-denominated investment-grade company notes have lost 5.3% and 3.8% respectively so far in 2022, their worst start to any year in Bloomberg indexes going back at least two decades.”

“Tighter monetary policy is weighing on bonds from London to Tokyo, with U.K. sterling corporate debt losing 5.7% so far this year, and yen bonds also extending a slump. The Bank of England has already raised interest rates, and even Japan’s inflation pulse is showing signs of quickening more than expected. ‘Disorderly conditions are underway in credit,’ Bank of America Corp. strategists wrote in note. ‘Corporate debt is struggling to adapt to a world in which central bank support is suddenly not as free.'”

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This Post Has 131 Comments

  1. ‘The Bay Area is kind of past its heyday’…’The movement out of California has really become like a tidal wave’

    WA? Those new lamp posts have probably got another two years before the piss brings them down!

    1. You mean people don’t flock to places with poop on streets and needles everywhere?

  2. ‘Dollar- and euro-denominated investment-grade company notes have lost 5.3% and 3.8% respectively so far in 2022’

    How do those negative interest rates look now?

  3. ‘The shine came off once I bought it,’ she said. ‘We all watch the blogs or the YouTube videos and (RV life) looks so cool. … I thought we would visit all the national parks and honestly, we can. We can drive to them in a comfortable car, we can fly to them and stay in the parks. We can rent an RV for cheaper at this point’

    This goes for a lot of things. Time shares, second shacks.

    ‘the largely illegal vacation rental market is driving Santa Barbara’s Empty House Syndrome’

    ‘Short-term rental platform Airbnb is pushing City Council to change its long-held stance’

    These scumbags have operated like this since they started. Bullying, Taking advantage where enforcement is vague or ineffective. Bribing. This is for those who have their libertarian sensibilities triggered by crackdowns and backlash.

    1. Restrictive covenants might be a better way to deal with the STR issue. This is the common law approach and is probably superior to zoning laws, because that way Silicon Valley bigwigs can’t just come in and bribe/pressure towns to change their rules. Also libertarians have no issues with restrictive covenants AFAIK because they are voluntary agreements at the outset.

    3. ‘The shine came off once I bought it,’ she said. ‘We all watch the blogs or the YouTube videos and (RV life) looks so cool. … I thought we would visit all the national parks and honestly, we can. We can drive to them in a comfortable car, we can fly to them and stay in the parks. We can rent an RV for cheaper at this point’

      I can imagine a scenario in a few years where one can purchase a gently used RV for 10 cents on the dollar. These things were always overpriced junk, but now they’re REALLY OVERPRICED junk.

  4. ‘The movement out of California,’ he said, ‘has really become like a tidal wave.’”

    People living under communism always vote with their feet.

    2. People living under communism always vote with their feet.

      Especially after the government runs out of other people’s money to spend and goes full on Venezuela.

    3. RUSSIAN MOVE ON KYIV IS STALLED, OFFICIAL SAYS

      * U.S. HAS INDICATIONS THAT SOME RUSSIAN UNITS HAVE SURRENDERED WITHOUT A FIGHT, U.S. OFFICIAL SAYS

      1. The west is absolutely “winning” the propaganda side of things. The Russians seem oddly focused on winning on the ground.

        The Canadians are fighting the good fight, dumping out Vodka and scratching out the name of their favorite potato dish “Poutine” from menus. They sure won’t be calling them “Freedom Fries”.

        1. scratching out the name of their favorite potato dish “Poutine” from menus

          Do they import their potatoes from Russia? This one strikes me as weird. Isn’t Poutine a quintessentially Quebec food?

        2. The west is absolutely “winning” the propaganda side of things.

          Oh, really? That’s weird, because even right on this blog the opposite seems to be the case.

          2. I know a few “conservative” types who are buying the propaganda. I have to remind them that they are hearing the globohomo perspective.

  7. ‘they’re struggling to pay the mortgage and increase in property taxes and all the expenses that come with it. It’s like getting water from a rock. And what do you tell the bank?’

    We’re all in this together?

    BTW, the CCP virus seems to have disappeared!

    1. BTW, the CCP virus seems to have disappeared!
      And near as I can tell, NO ONE got the flu this year or last year. Weird

      1. https://www.arkhaven.com/comics/comedy/bob-moran/world-stage

        I can’t wait to hear what Brandon will say at his SOTU tonight. I’m gonna guess that we will be called to sacrifice A LOT, to preserve “Democracy” and “Freedom”.

        Freedom … it was just a few months ago that Brandon bellowed that he had lost his patience with us and was going to force us to get jabbed. I wonder what we will be forced to do in the name of “Democracy”? Take the bus? Eat bugs? Swelter in the heat this coming summer? Not travel?

        1. Somewhere I was reading that the narrative about the Ukraine is very similar to the narrative at the beginning of Covid.
          We’re all going to die. Ahhh! Eat plant based meat, pleb.

          1. I read that “the west” is planning on spending $1T to wreck Russia’s economy. I suppose that means taking write offs by closing factories, etc. in Russia. So the Russians will buy their cars from the ChiComs instead of the Euros. Lada could even make a comeback.

            Also, interesting how India has stayed quiet about the whole thing. Russia has a lot of resources both China and India need.

        2. Biden surprised everyone by saying “secure the border” … and then followed up with “legalizing dreamers, and farm workers, and not waiting to reunite families.”

          In other words, he wants blanket citizenship and chain migration in exchange for securing the border. Amnesty first of course. And then he’ll bag on securing the border. Just like in 1986.

    1. It’s not easy being a Master of the Universe, especially when you are reminded that you are not omnipotent.

        1. It must really grind their gears that they are just as mortal as everyone else. As the Magnificat says: “He scatters the proud in their conceit. He casts down the mighty from their thrones.”

          1. “…that they are just as mortal as everyone else.”

            Princess Diana discovered that fact the hard way.

  9. ‘Disorderly conditions are underway in credit…Corporate debt is struggling to adapt to a world in which central bank support is suddenly not as free’

    Behold, the masters of the universe have been served their sh$t sandwich. Lets remember: the CCP virus didn’t require a global fake recession. That was done to us. There was a credit reaction, a credit even at first. Then the guberments/central banks did their dirty deeds.

    Every force has a reaction. These clowns made multi-trillion pesos actions in a very short time. Made bernanky look like a poodle. Ok big shots, you had yer boom, deal with the bust. Don’t forget, what you did was unprecedented! The fall out will be proportional at least.

    1. Ok big shots, you had yer boom, deal with the bust

      I think their plan is that WE deal with bust.

    2. These clowns made multi-trillion pesos actions in a very short time. Made bernanky look like a poodle. Ok big shots, you had yer boom, deal with the bust. Don’t forget, what you did was unprecedented! The fall out will be proportional at least.

      What I find comical is the people who keep saying the FED will just print even more, like that will solve anything. At this point it will only hasten the demise of the US. QE does nothing to solve any problems, it exacerbates them while juicing the net worths of a very thin slice of people at the very top, not so much the 1% as the top .1%.

      1. while juicing the net worths of a very thin slice of people at the very top, not so much the 1% as the top .1%

        As Mr. Banker says, you do what works.

  10. The myth of the 13 Ukrainian Snake Island defenders who were supposedly wiped out after telling a Russian warship to “Go f**k yourself” was based on a mistranslation. When given the surrender ultimatum, the Ukrainians actually responded with “Realtors are liars,” after which the Russian warship crew gave them a standing ovation & welcomed them aboard not as captives, but as honored guests. Fact!

    Snake Island border guards who were feared dead after telling Russian navy to ‘go f**k yourself’ are ALIVE and are being held as prisoners of war by Russia

    https://www.dailymail.co.uk/news/article-10563487/Snake-Island-border-guards-initially-presumed-dead-captured-Russians-Ukrainian-Navy-says.html

  12. Flaunting your wealth in a Democrat-Boshevik malgoverned cesspool where a Soros-installed DA gives vibrants free rein to cavort with impunity yields predictable results.

    Terrifying moment Ferrari driver is beaten and pistol-whipped by two robbers trying to steal his watch outside a Beverly Hills jewelry store

    https://www.dailymail.co.uk/news/article-10561143/Ferrari-driver-beaten-two-robbers-trying-steal-watch-Beverly-Hills.html

    Two bandits, one carrying a gun, ambushed and battered a man getting into his Ferrari after he exited a Beverly Hills jewelry store in a brazen attempt to steal his watch in crime-ravaged Los Angeles.

    The violent attack was caught on video, showing the assailants beating the unidentified victim bloody, before fleeing.

    1. “…Flaunting your wealth..”

      What are the odds that some, if not all, of that ‘wealth’ was borrowed?

      Wannabe fake billionaires.. Welcome to SoCal!

      2. observant people can usually recognize genuine wealth/intelligence within a minute of meeting someone new.

        how they act. the language. the syntax. manners. grooming & accessories. it all adds up quickly for an profile. not always accurate, but more often then not.

        ostentatious peacocking is so ridiculous, especially watching those who sing-for-bling, then piss it all way to show-off . . . end up hawking medicare.

        or worse: appearing in CSI episodes

        (it’s a little amusing when shallow, snooty people are stunned & then bow ‘n scrape after realizing a 1991 Toyota, handyman appearance, casual demeanor are not the actual indicator of net worth at first encounter, especially when using a top tier metal card to pay for services rendered!)

        all of the ” Yes SIR! OF COURSE, SIR!!” attempts to recoup undeserved compensation do not erase the sting of needless, rude behavior.

        I do enjoy compensating generously when tipping 30-40%, if good service, on the rare occasion of having a catered meal for a job well-done.

        that’s just me. your mileage may differ

        1. end up hawking medicare

          Speaking of that, I was channel surfing and saw a TV ad where an old geezer was plugging some Medicare plan. Turns out it was Joe Namath.

          1. yeah, I’ve noticed ‘ol Broadway Joe for awhile now on those TV commercials when I tune into local channels: cant help but wonder if he really needs the money, just enjoys the spotlight again, or maybe both?!

        2. +100 on this post.

          I’m the dirtbag electrician covered in dust grocery shopping after work, with NO DEBT, and a greater net worth than most of the non-dusty loanowner civilians around me.

  13. Another “Oh dear” moment in time….

    CoreLogic report finds first sign of housing market taking a dive

    https://www.news.com.au/finance/real-estate/buying/corelogic-report-finds-first-sign-of-housing-market-taking-a-dive/news-story/ebcd337dfe45c16a428778f5259fc3d2

    This tiny number could signal the beginning of the end when it comes to the winning streak property owners have been enjoying over the last year.

    For most people, 0.1 might not sound like a very big number, but it could signal a change for Sydney property owners.
    That’s because in the latest report released on Tuesday by property data firm CoreLogic, the NSW capital suffered a 0.1 per cent decline in housing values.

    1. Ukraine is of zero importance to the United States.

      It’s a scripted outrage narrative smokescreen to distract from Biden’s incalculable number of domestic policy failures.

      1. Ukraine is of zero importance to the United States. *AGREED.*

        It’s a scripted outrage narrative smokescreen to distract *AGREED.*

        from Biden’s *Biden, like all other politicians (from BOTH sides of the aisle,) is a puppet for the global cabal*

        incalculable number of domestic policy failures. *these were 100% calculated power moves dictated by the cabal, designed to concentrate government power and reinforce the illusion of their “authority.”*

    2. Turn Out To Be Complete Fakes

      My favorite one was the fighter pilot ace, which turned out to be footage from a video game.

      I especially love those pledging to “divest” from Russia, as my own state government has said it would. Hmmm … seems to me that the only way to do that is to sell your Russian shares and bonds at a huge loss. Just exactly who are we punishing? I get the point of virtue signaling, but when it actually comes at a cost, it’s the investment equivalent of pouring paid for vodka down the drain.

      1. I had to laugh yesterday, when a spoof on the fake pictures showed Stephen Segal in a combat uniform.

        We didn’t sanction Russian oil sales to the US. So much for virtue.

    1. incidentally, it should be reflexive that whatever soros is for, everyone who loves freedom should automatically be against. no matter how good he tries to make it sound.

      1. How about Putin. Do you like him better or worse than Soros as a champion of freedom?

        2. Given how Soros has interfered in our political process, funding the campaigns of people like George Gascon in LA, and probably being directly involved in the 2020 electoral heist, yeah I will take Putin over him any day.

        3. What a ridiculous trick question. Neither has suggested that they are doing anything to protect my freedom.

  17. “‘The movement out of California,’ he said, ‘has really become like a tidal wave.’”

    We’ve witnessed significant evidence of this tidal wave in members of our personal network. These are families who lived here for years, but recently cashed out their shares of the Fed’s housing market stimulus funding and moved to another state with a $1 million pile of home ownership wealth effects to plow into a lower cost housing market. Spread over thousands or perhaps millions of households, the tsunami wave metaphor seems apt.

    1. Over a quarter million of these people have showed up in my state. It’s evident in everything from cost of living to cultural change. It is not good, nor is it wanted.

      1. And they’ll implode and leave…. just like they always do and just like it always does.

        1. One summer morning they will wake up and say “I moved to ^^%&ing Florida!? The basement of America? Home to Florida Man??”. And they will be gone.

      2. Over a quarter million of these people have showed up in my state

        In that way, Florida is a lot like California: most residents are from somewhere else.

  18. “Smith ended up selling the RV six months after she bought it. She never got behind the wheel. ‘It just started to feel like a money pit,’ she said. ‘I really started thinking about things like: Is this safe? What would I do with Wi-Fi?”

    Brings to mind my ex-BIL’s used RV he purchased many months ago. It’s a fixer-upper, and I’m not sure if his plan is to eventually use it after he renovates it, or resell it as a flip, ccapturing the financial value of his sweat equity. I suspect the latter, as he doesn’t have a main squeeze, and I can’t picture him doing the Nomadsland thing solo. Unfortunately he’s early retirement age, chronically injured, plus holding down a day job. So the RV sits untouched where he parked it at time of purchase. And it’s not gaining antique value while he waits to find the time to work on it.

    1. She never got behind the wheel.

      Driving one of those behemoths must be a barrel of fun.

      1. There’s one parked across the street from us that showed up a couple of days ago. When this occasionally happens, I always wonder if the occupants are priced out California renters living the Nomadsland lifestyle. They tend to hang around for a few weeks in a free street parking spot, then vanish overnight without notice.

  19. Headline: “Ukrainian pilots arrive in Poland to pick up donated fighter jets”

    Random east European defense minister: “Why do we still have those MiGs and Sukhoi fighters? They’re museum pieces. They’re a pain to keep flight ready and getting parts for them is a pain.”

    Assistant: “Sir, I have an idea.”

    1. “Headline: “Ukrainian pilots arrive in Poland to pick up donated fighter jets””

      cash for Junkers

  20. ‘The messenger RNA (mRNA) from Pfizer’s COVID-19 vaccine is able to enter human liver cells and is converted into DNA, according to Swedish researchers at Lund University.’

    ‘The researchers found that when the mRNA vaccine enters the human liver cells, it triggers the cell’s DNA, which is inside the nucleus, to increase the production of the LINE-1 gene expression to make mRNA.’

    ‘The mRNA then leaves the nucleus and enters the cell’s cytoplasm where it translates into LINE-1 protein. A segment of the protein called the open reading frame-1, or ORF-1, then goes back into the nucleus where it attaches to the vaccine’s mRNA and reverse transcribes into spike DNA.’

    ‘Reverse transcription is when DNA is made from RNA, whereas the normal transcription process involves a portion of the DNA serving as a template to make an mRNA molecule inside the nucleus.’

    “In this study we present evidence that COVID-19 mRNA vaccine BNT162b2 is able to enter the human liver cell line Huh7 in vitro,” the researchers wrote in the study, published in Current Issues of Molecular Biology. “BNT162b2 mRNA is reverse transcribed intracellularly into DNA as fast as 6 [hours] after BNT162b2 exposure.”

    ‘BNT162b2 is another name for the Pfizer-BioNTech COVID-19 vaccine that is marketed under the brand name Comirnaty.’

    ‘The whole process occurred rapidly within six hours. The vaccine’s mRNA converting into DNA and being found inside the cell’s nucleus is something that the Centers for Disease Control and Prevention (CDC) said would not happen.’

    “The genetic material delivered by mRNA vaccines never enters the nucleus of your cells,” the CDC said on its web page titled “Myths and Facts about COVID-19 Vaccines.”

    ‘This is the first time that researchers have shown in vitro or inside a petri dish how an mRNA vaccine is converted into DNA on a human liver cell line, and is what health experts and fact-checkers said for over a year could not occur.’

    ‘The CDC says that the “COVID-19 vaccines do not change or interact with your DNA in any way,” claiming that all of the ingredients in both mRNA and viral vector COVID-19 vaccines (administered in the United States) are discarded from the body once antibodies are produced. These vaccines deliver genetic material that instructs cells to begin making spike proteins found on the surface of SARS-CoV-2 that causes COVID-19 to produce an immune response.’

    ‘Pfizer did not comment on the findings of the Swedish study and said only that its mRNA vaccine does not alter the human genome.’

    https://www.theepochtimes.com/pfizers-covid-19-vaccine-goes-into-liver-cells-and-is-converted-to-dna-study_4307594.html

    1. The messenger RNA (mRNA) from Pfizer’s COVID-19 vaccine is able to enter human liver cells and is converted into DNA

      And despite this horrific finding, people will still get the second booster, and so on. Or tell themselves that the Moderna jab doesn’t do that.

      And no they are threatening to replace the old school Flu shot with another mRNA jab.

      1. Another fact that came out in the Grand Jury Trial going on right now is that the 1918 Spanish Flu was actually caused by a massive vaccination program conducted on the World War One US troops .
        The disease caused by the vaccines ended up being spread to the World killing 50 to 100 million.
        So, the Rockerfeller based medical system has used human as lab rat guinea pigs before with disaster results , , , only to be covered up.
        The evidence shows that the 1918 flu wasn’t even a flu, but some kind of pneumonia . . .
        ..This might explain why the young in prime of health were the biggest victims.
        Easy to find many articles on it . Books have even been written about it.

        Seriously, what are they trying to do with these gene altering vaccines that aren’t fit for human consumption?

        1. Seriously, what are they trying to do with these gene altering vaccines that aren’t fit for human consumption?

          Kill and maim as many people as possible? Plus, the maimed will likely have a substantially reduced lifespan.

          1. the maimed will likely have

            Health problems requiring more medicine and therapies.

      2. The disease caused by the vaccines ended up being spread to the World

        The vaccine was contagious? That’s seems a bit odd. I’ve had friends who lived through the Spanish Flu Epidemic and they never suggested such a thing in their stories.

        2. Blueskye,
          They cover up things in those days like now. That’s why they called it the SPANISH FLU, because Spain was the only Country reporting on it.

          Woodrow Wilson didn’t talk about it because he was engaged in war.
          Apparently they gave troops more than one expierment all vaccine at the time. They started getting sick and the sickness they got was transmitted all over the World. They gave vaccines to civilians also, but that was later after this Pandemic had already claimed the lives of millions world wide. The Civilians vaccinated didn’t fare well either.
          Obviously these vaccines weren’t safe and they created a disaster of transmission of the disease.
          Concocting a story that a virus flu that originated from a swine in Kansas became the official story.
          Rockerfeller was at the heart of this .
          Other vaccine programs have been dismal failures also .
          Without a operative FDA, and fake news with censorship , and cover up of harm of pharmaceutical, who would even take a aspirin from these fraudsters.

    2. Ukraine is not a “get out of jail free card” for the administrators of medical genocide.

      The Day Of The Rope is still coming 🙂

    3. Yet the sheeple continue to blindly push up their sleeve and give their arm for another jab. They’re like the Jews during WWII who politely undressed and folded their clothes for a shower. Bad move. If all of them, the entire group, would have turned on the soldiers then they could have overwhelmed them. Even if you get killed revolting, what did you really lose? You were dead anyway.

      1. I have heard hours of testimony by holocaust survivors explaining how they were conditioned and weakened into compliance. They were constantly being starved. If someone escaped or some in a group tried to rebel, they would kill a bunch of people as punishment .
        The victims were constantly just trying to get enough food to function.
        Even if you did escape , survival was difficult . Some hid for years , but they were starving also. Also the non Jew population would turn in Jews hiding or report people escaping. So, unfortunately the regular non Jew population were enforcers for the Nazis.
        It was a constant demoralizing and depriving of these Jewish victims, done in steps.
        When you hear this testimony, you can’t be a Holocaust denier, and you know it happened.

        1. he Holocaust overshadows a long history of atrocities. The most chilling story I remember from the Comparative Genocide class I took in college was from a survivor of the Cambodian genocide. Two decades later, over drinks, I learned that a b-school classmate’s sister was taken by the Khmer Rouge in the middle of the night never to be seen again. My classmate is a proud American who served our country.

  22. Lulu Cheng Meservey
    @lulumeservey
    ·
    Feb 23, 2022
    The Canadian government has proposed legislation (Bill C-36) where people can be taken to court and penalized if they’re suspected of being ABOUT TO post something hateful online.

    An individual would be able to report another PREEMPTIVELY for something they haven’t said yet.
    Lulu Cheng Meservey
    @lulumeservey

    Alarming aspects, in ascending order:

    1) Fuzzy and circular definition of “hateful” speech (“involves detestation…stronger than dislike”)

    2) Encouraging citizens to report on one another — creepy

    3) The ability to punish people for something they haven’t actually done yet (!)
    10:11 AM · Feb 23, 2022

    https://twitter.com/lulumeservey/status/1496503040882483201?s=20&t=jDT78quvSgQEUDrlmVDnqA

    1. What are the extradition laws for a U.S. citizen on U.S. soil who posts on a U.S. based website that Prime Minister Justin Trudeau needs to die?

      Asking for a friend…

    2. if they’re suspected of being ABOUT TO post something hateful online

      I’m sure this is being done to protect freedom and democracy.

      The Crazy Fat Kid must be proud of Trudeau.

      1. Minority Report was originally a Philip K Dick novella. It’s great, like all of his works.

  24. How are your risk asset HODLings holding up against the backdrop of the Ukraine invasion plus incipient Fed punchbowl removal operations?

    1. Oil surges above $100 a barrel, stocks slide on Ukraine uncertainty
      By Herbert Lash and Marc Jones
      4 minute read
      Summary
      – Traders remain squarely focused on Ukraine crisis
      – Stocks fall as sentiment remains sour
      – Bond markets trim rate hike expectations

      NEW YORK/LONDON, March 1 (Reuters) – Oil shot back above $100 a barrel and U.S. and German government debt rallied on Tuesday as fears increased over the impact of aggressive sanctions against Russia after its invasion of Ukraine, further depressing stocks in Europe and on Wall Street.

      https://www.reuters.com/markets/europe/global-markets-wrapup-1-2022-03-01/

      1. Oh my! How will those paying $500/ month to commute ever afford their overpriced shacks?

        1. Europe will see $10/gallon gas very soon. Heck, they’re almost there already, they’ll probably hit $12 or more. And their utility bills are skyrocketing. I saw a news report where this dude who lives with his family in a tiny flat in France said he was paying 150 Euros a month on his electric bill. I don’t spend that much to A/C my house.

          St. Greta smiles, while China and India build more and more coal power plants.

        2. How will those paying $500/ month to commute ever afford their overpriced shacks?
          Damn good question. Maybe they can work from home 4 of 5 days?

    2. Global Rate Bets Evaporate as Traders Ditch Half-Point Fed Move
      – Bonds rally across the curve as investors seek debt havens
      – Repricing comes as traders assess risks to growth outlook
      By Edward Bolingbroke and James Hirai
      March 1, 2022, 3:24 AM PST
      Updated on
      March 1, 2022, 11:30 AM PST

      Traders are casting aside wagers on rate hikes across the world — including pricing out unusually large Federal Reserve interest-rate hike in March — amid concern that the fallout of Russia’s invasion of Ukraine will weigh on the growth outlook.

      Swaps linked to the Fed’s March 16 meeting dwindled to just 22 basis points of tightening on Tuesday. That suggests traders don’t even expect a full quarter-point hike — a contrast from last month, when a half-point move was all but fully priced amid concern over accelerating inflation. Bonds rallied across the curve, led by short-dated tenors.
      …
      https://www.bloomberg.com/news/articles/2022-03-01/traders-abandon-bets-on-a-half-point-fed-rate-hike-in-march

  27. Corporate owned fake news with censorship is the single biggest weapon being used to advanced the agendas of these Globalists in collusion with corrupted Governments.

    Its a massive defrauding of the Public , and after all the damage is done and the objectives obtained by the fraudsters, some truth leeks out and its distracted from for the next round of attack.
    Never leave one moment of reflection for your victims , and move on to the next crisis and diversions.
    We can not have a Society that functions or is sane under these conditions. The murder, mayhem, looting , destruction and psychological terrorism and gaslighting has taken its toll.
    They will keep up the attacks because going back to normal does not accomplish their goals.

  28. Over heard on the Hill

    Nancy: “How do we undo the COVID fiasco and make them forget?”
    Mitch: “How about a war? War always works”
    Nancy: “I don’t know. You think they’ll buy it?”
    Mitch: “Sure, just blame Trump.”
    Joe: “Are we out of vanilla?”

    1. More and more sheeple are waking up to the fact that both parties are the problem, and what they thought they voted for was an illusion. The futures of the US citizen has been stolen. We are living under Fascism right now:

      Fascism: a political philosophy, movement, or regime (such as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition

      1. Right. I had to call a state bureaucracy (not Oregon) yesterday, and I was transferred 3 times, ending up at somebody’s voicemail with a message that all employees were still not in the office and instead working from home. These people are on easy street, bilking the taxpayer for salaries and retirement benefits while doing NOTHING.

  31. Propaganda: Puppet President Biden Releases Photo of Him Signing Blank Sheet of Paper

    Infowars.com
    March 1st 2022, 2:13 pm

    Joe Biden released some propaganda on Tuesday showing him appearing to sign something important regarding the Ukraine-Russian conflict, which actually turns out to be a blank sheet of paper.

    BDW
    @BryanDeanWright

    There’s nothing written on the note pad. Lol

    President Biden
    @POTUS

    United States government official

    I just spoke with President Zelenskyy to discuss our continued support for Ukraine — including security assistance and humanitarian aid — as it defends itself against Russian aggression. We will hold Russia accountable, and our sanctions are already having a devastating impact.

    https://twitter.com/BryanDeanWright/status/1498740226709090305?s=20&t=rgrCvFMIde410bx579ffTQ

  34. Couldn’t get to rt.com tonight. Had to open a VPN session to get there. What a great propaganda machine the US runs.

        1. They’re likely getting their DNS from a larger specialized provider that’s keeping highly detailed records.

  35. Epic Memes Mock NPCs Falling For Debunked Ukraine Narratives Pushed By Discredited Establishment

    Infowars.com
    March 1st 2022

    The world is beginning to realize the extent of the war propaganda emanating from the Ukraine-Russia conflict from the dutiful media minions and virtue-signalers on social media.

    As the war propaganda is getting debunked in real time, such as the “Ghost of Kiev” and “Snake Island” stories, epic memes mocking the propaganda and sycophantic pro-war behavior are going viral.

    (one of many)

    The Babylon Bee
    @TheBabylonBee

    Neil Young Threatens To Leave Spotify Again Unless Vladimir Putin Backs Down From Ukraine

    https://twitter.com/TheBabylonBee/status/1498025141657288705?s=20&t=TlqhEIh-uSbGOUrSqcKRMA

    https://www.infowars.com/posts/epic-memes-mock-npcs-falling-for-debunked-ukraine-narratives-pushed-by-discredited-establishment/

  36. Noticed that some of the hottest markets have twice as many rentals as homes for sale. One curious thing is that nearly all current rentals list Pets OK. When I was looking 6 years ago, Pets OK was limited.

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