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Unless Demand Increases, Prices May Fall Further And Faster If Listings Volumes Continue To Build

A report from Jackson Hole News and Guide. “Looking to buy a house, Harry Richmond found one three or so hours away from San Francisco where he lives and works. But, just as the 33-year-old pharmaceutical industry employee was getting ready to buy in Truckee, a town of roughly 16,500 just a few miles north of Lake Tahoe, the town temporarily banned new short-term rentals. ‘That completely changed everything and pulled the rug out from under my feet,’ Richmond said.”

“He planned to subsidize his mortgage by renting the place out in the short term. But the moratorium called his ability to get a short-term rental permit into question, increasing the risk. ‘I was just getting to a point where I needed to pull the trigger on something,’ Richmond said. ‘But after that happened, it just didn’t make sense financially.'”

“That wasn’t uncommon. ‘Yes, that’s a thing,’ Truckee-area Realtor Christy Morrison said. ‘If I looked in our database, I would say 20% to 30% of people now are not going to buy.’ Those people, she said, are people like Richmond who can no longer plan on short-term rental income to offset mortgage payments.”

The Greeley Tribune in Colorado. “Median sale price in Boulder (Redfin): $780,000 (-14.3% from December; +4.7% since January 2021).”

From WTOP News. “Even in this tight housing market, there were 16 million homes in the U.S. classified as ‘vacant’ in 2020, the most recent year for available data. Some are so-called ‘zombie foreclosures,’ houses sitting empty and waiting for the bank to sell them, and some are dilapidated or rundown homes that may be waiting for a buyer or a bulldozer. And those are a potential red flags of an unhealthy neighborhood or housing market.”

“The vacancy rate in Maryland was 9.4%, and the vacancy rate was Virginia is 10.4%, according to the U.S. Census Bureau. Vacancy rates are the highest in southern states, and in New England. The vacancy rate in Vermont is 22.9%, and in Maine it is 22.7%. In Alabama the vacancy rate is 17.7%, and in Mississippi, it is 16.3%.”

From Al-Jazeera. “Despite bullish global commercial real estate outlooks from Big 4 accounting firms, the pandemic’s effect on the office subsector – in many ways the marquee slice of the global real estate industry ­– has been profound. ‘All over the world, CEOs are wondering how to explain to their shareholders why 50-to-60 percent of their corporate real estate is basically vacant,’ says Nicholas White, co-founder of Smart Buildings Certification, an Amsterdam-based consultancy. ‘They’re asking their CFOs for all sorts of data on which of these expensive properties to get rid of and which to keep. But it’s almost impossible to imagine that this won’t eventually affect what they can ask for rent, their vacancy rates and ultimately the values of the properties.’

The Real Deal. “A convicted Chicago real estate scammer’s former lawyer wants to hold onto condos he received from the client as payment in 2007, and is suing the banks trying to foreclose on them, claiming they are doing so fraudulently. Rufus Cook, the former lawyer, and Robert Anthony Bryant, previously a client of Cook’s who served prison time in a scheme involving tax-delinquent real estate, filed a lawsuit late last month in Illinois federal court naming HSBC Bank, Bank of America, Citi, a Cook County judge and a slew of lawyers for the banks as defendants.”

“Bank of America is attempting to foreclose on one of the properties — which is listed for sale for $1.95 million by broker John Munson, who said he represents a trustee on a loan tied to the property and received offers but none at the price needed over the more than yearlong period it’s been marketed. ‘There is interest in this property, just not at the number they need,’ Munson said.”

“An auction was held for the property Feb. 25 and it fetched a $1.8 million bid, according to records of the Judicial Sales Corporation, which conducts most foreclosures sales in Cook County. Cook’s suit seeks to prevent a closing.”

Canadian Mortgage Trends. “There are signs cropping up that the intense level of housing imbalance seen throughout the pandemic may finally be reaching a turning point. Data from some of the country’s local real estate boards showed a notable monthly rise in new listings in major markets. ‘One month doesn’t make a trend, but if February is any indication, more sellers may be (finally) making their way into Canada’s housing market,” observed RBC economist Robert Hogue. ‘This was especially the case in Calgary and Edmonton where a wave of properties put up for sale set the stage for the strongest number of transactions ever recorded in a February,’ he added.”

From in Australia. “House prices could fall faster than expected after a surge in homes being listed in some of Melbourne’s inner suburbs. In Stonnington West for example, the number of properties available have jumped by 23 per cent, and this has contributed to a fall in property prices. ‘In recent months, the Stonnington region has experienced a fall in median prices, which we estimate [to be] a 9 per cent drop in median sale prices in the last 12 months,’ said Suburbtrends director Kent Lardner. ‘Unless demand increases, prices may fall further and faster if listings volumes continue to build like this.'”

“New listings in Sydney have also jumped 81 per cent – while listings in the inner west rose by 88 per cent in February. Mr Lardner said he didn’t think there would be a price drop in this region because demand was still ‘red-hot.'”

“The inner city suburb of Beaconsfield suffered the biggest slump across the country with house prices plunging 9.2 per cent meaning they are now worth $162,662 less than three months ago, according to CoreLogic. The popular inner west suburb of Newtown suffered a $120,207 loss in house prices, while Surry Hills faced a loss of $134,054 and the waterfront suburb of Birchgrove experienced a drop of 6 per cent or $190,581. Meanwhile, new property listings in Canberra also saw a significant increase of 86.1 per cent, while Melbourne’s new listings climbed by 76.7 per cent and Brisbane rose by 51.8 per cent. Across the country, new listings rose by an average of 62 per cent.”

From Stuff New Zealand. “A report from the REINZ shows house prices in Palmerston North fell by almost $100,000, though it’s projected this will likely be a blip. The January 2022 market report showed the median house prices in Palmerston North fell from a December high of $750,000 to $660,000. Feilding, meanwhile, saw a median price decrease to $600,750. REINZ ambassador to Palmerston North Andy Stewart said that in terms of supply, it was good for consumers.”

“‘It’s looking like a buyers’ market at the moment. We’ve seen the number of properties for sale jump up to 400 in the last month,’ he said. ‘It doesn’t help that the Government has introduced a tougher LVR (loan-to-value ratio), higher interest rates, and that there’s now far tougher lending criteria which is starting to turn away some investor interest.'”

This Post Has 101 Comments
      1. Even Real Journalists are starting to call out Little Red Lyin’ Hood on the Brandon regime’s false narratives.

        Video: Reporter Refuses To Accept Psaki’s Attempt To Blame Russia For Gas Price Surge

        “It sounds like you are blaming Putin for the increase in gas prices recently, but weren’t gas prices going up anyway because of post-pandemic supply chain issues?”

        1. WASHINGTON – President Joe Biden and congressional Democrats united Tuesday behind a ban on Russian oil and natural gas imports, embracing a politically risky strategy that is expected to drive up already-rising fuel prices while seeking to pin the blame for Americans’ pain at the pump on Vladimir Putin.

          That’s how stupid this illegal Coup thinks the American people are. They are finished in the mid terms and the long term.

          1. They are finished in the mid terms and the long term.
            My money is not Democrats being down forever or very long. (yes 2022 will hopefully be ugly for them in total) However, my concern is that more Moderate Democrats, in solidly Democratic districts, retire/get replaced by Progressive Democrats (Think the Squad) . And we head over even closer to Socialism. There are already 95 (94 voting members and 1 nonvoting member) house members that are part of the Progressive caucus.

          2. It’ll be the progressive caucas expanding along with the America first maga caucus. There’s gonna be brawls between the two on the house floor. Gonna get nasty, really nasty between these two. Banning dozens from committees, fines, impeachment, kicking people out of office altogether. We have an unpleasant decade ahead and I’m 100% for it

        2. Unsurprisingly, it’s Fox News’ Peter Doocy. To his credit, he’s been asking great questions since Biden’s presidential campaign.

      2. You will buy a scooter and be happy. You will be run over by a boomer on the way to shuffleboard and be happy.

        1. I’ve honestly always wanted a scooter. They’re great for short commutes. At the same time I see no reason why anyone with a family would not want a larger vehicle for family activities. We just bought a minivan in January. Right now it would cost us ~100 to fill it all the way. I guess our family activities won’t involve much traveling.

          1. I test drove a couple scooters but it didn’t have the power to pull wheelies so I passed on the idea.

      3. well considering how little I drive these days. I can make a tank last a month…

        So who will raise prices first ups FedEx uspo or city busses???

        1. Whether you never drive this shit is going to leave a mark. Everything in the world runs on energy. Jimmy Carter Jr. doesn’t care. He did that

    1. So Truckee has made a positive step to stop the flow of drug money from pricing all of the local population out of housing and somehow that is a bad thing?? I remember when Truckee was a total shithole. Clown World is a source of constant wonder.

      If you want to own something and be happy, Maine, Vermont, Mississippi, and Alabama all have surplus properties available. A serious individual can make an oasis just about anywhere. At the next bottom they will be giving them away for pennies and any of those states are preferable to places like Phoenix IMO. I’ll spare y’all a rant, but for the record, while I don’t necessarily hate Phoenix, I currently think it’s one of the worst investments there is and things are going to get very ugly there. They already have a zombie outbreak and we aren’t even discussing a recession yet! (parts of Phoenix are starting to resemble Kensington in Philly.)

      Anyone else seeing zombie outbreaks in their local area?

      1. “zombie outbreaks in their local area?”

        There are parts of Denver that are *overrun* with tweakers, junkies, tents (always with the adjacent piles of garbage and stolen bicycles), in areas where these problems weren’t happening three years ago.

        I just moved recently to get away from it. Not a distant move, but a short, albeit strategic move.

        1. When you consider the huge number of people that have died of overdoses in the last few years and then look at how many more addicts and homeless there are now, it is nuts. Where are all the health experts on this real epidemic? :crickets:

          1. then look at how many more addicts and homeless there are now

            Where can you find such statistics? I’m curious how it got this way, and so quickly. I can understand the homelessness, but not this widespread addiction problem. I’m particularly interested in just how many of these folks became addicted through the prescription drug route. Many of them look too young to have a health issue where they were given an opioid for surgery or chronic pain.

        1. Russian POWs in Ukraine have confirmed that the “Z” stenciled on their vehicles is code for “Realtors are liars.”

  1. January 6 is big enough but at 2:00 of this video he spills the beans about his 7000 word NYT story about the “Big Lie” the “stop and steal campaign which was a very organized campaign it wasn’t like an organic thing”

    NYT Reporter: Jan 6 Media ‘Overreaction,’ FBI Involved; Traumatized Colleagues are “Fu*king Bit*hes”

    Mar 8, 2022

    1. The “insurrection” was in Seattle in 2020 when actual territory was unlawfully seized and occupied.

      Remember all the murders? The rapes? The overdoses? And how pathetic those LARPers looked putting down cardboard and topsoil to grow their own food, before begging for outside donations to feed their “autonomous” zone, because the homeless kept stealing all their food?

      BLM / Pantifa are a JOKE.

      “They’re not sending their best”

      1. I kind of liked it when, in mere hours, it was taken over by armed, drug dealing thugs who thought they owned their own little country for a moment. Then they busted some caps in somebody’s asz and their little fantasy vanished as the cops moved in.

    2. That Real Journalist went seriously off message trying to impress the Veritas babe. There will be career consequences, I expect.

      “Now read what Matt said about FBI informants at the January 6th ‘insurrection,’ along with a host of other revelations, Via Project Veritas:

      NYT National Security Correspondent, Matthew Rosenberg, contradicts his own January 6 reporting: “There were a ton of FBI informants amongst the people who attacked the Capitol.”

      Rosenberg: “It was like, me and two other colleagues who were there [January 6] outside and we were just having fun!”

      Rosenberg: “I know I’m supposed to be traumatized, but like, all these colleagues who were in the [Capitol] building and are like ‘Oh my God it was so scary!’ I’m like, ‘f*ck off!’”

      Rosenberg: “I’m like come on, it’s not the kind place I can tell someone to man up but I kind of want to be like, ‘dude come on, you were not in any danger.’”

      Rosenberg: “These f*cking little dweebs who keep going on about their trauma. Shut the f*ck up. They’re f*cking b*tches.”

      Rosenberg: “They were making too big a deal. They were making this an organized thing that it wasn’t.”

      Rosenberg RESPONDS: “Will I stand by those comments? Absolutely.”

      1. How many stings is that this year from Jim O’K?

        You would think that by now reporters or semi-public figures would have known better than to spill beans to thigh gaps.

        1. Nope. Since the dawn of time, dudes have tried to impress semi-hawt babes while throwing caution to the wind. A weaponized babe is not to be discounted as a means of prying the truth out of some of these Biden regime crap weasels & their media lapdogs, even though their proclivities seem to run toward much younger objects of affection.

        2. You would think more women would work on protecting that thigh gap, because it’s very powerful…almost like a drug.

  2. ‘none at the price needed over the more than yearlong period it’s been marketed. ‘There is interest in this property, just not at the number they need’

    This is an example of how accounting changes turned lenders into shack gamblers where it wouldn’t be legal previously.

  3. ‘All over the world, CEOs are wondering how to explain to their shareholders why 50-to-60 percent of their corporate real estate is basically vacant’

    Is that a lot?

    ‘New listings in Sydney have also jumped 81 per cent – while listings in the inner west rose by 88 per cent in February. Mr Lardner said he didn’t think there would be a price drop in this region because demand was still ‘red-hot’

    Sydney prices are sinking like a turd in a well Kent.

    1. “…why 50-to-60 percent of their corporate real estate is basically vacant”

      HODLing empty buildings only makes sense if inflation is high enough to cover HODLing costs.

      So if you want to know why resources are wasted on empty structures, start by figuring out why inflation is so high worldwide.

  4. This is a medical genocide article.

    The Guardian — Florida vaccine plan for children denounced as ‘irresponsible and reckless (3/8/2022):

    “Health experts have widely denounced Florida’s decision to recommend against Covid-19 vaccinations for children, describing it as “irresponsible”, “reckless” and “dangerous”.

    In a pronouncement which stunned experts on Monday, Florida’s controversial surgeon general Dr Joseph Ladapo said the state would be the first to “recommend against” Covid-19 vaccination for “healthy children”.

    The move goes against accepted advice from federal health authorities and a large majority of independent experts, who recommend vaccines as a powerful tool to protect children from the worst outcomes of Covid-19.”

    We already knew that raping kids is a Democrat Party thing.

    Poisoning kids is a Democrat Party thing too.

    This is the Democrat Party.

    1. That backward third world country Denmark doesn’t recommend Covid vaccines for children either. They evaluate the science and risk benefit. We however have “The Science” and politics over public health.

    1. The Financial Times
      US Inflation
      Traders raise bets on US inflation as commodity prices surge
      Russia’s invasion of Ukraine fuels uncertainty about Fed monetary policy direction
      Wheat grains in the palm of a worker’s hand
      The prices of commodities including wheat, nickel, and natural gas have rocketed
      © REUTERS
      Kate Duguid and Eric Platt in New York 2 hours ago

      Traders in US financial markets have cranked up their bets on how high inflation will soar in the coming years, complicating the Federal Reserve’s efforts to curb rapidly rising consumer prices.

      On Tuesday, one market measure of how hot investors believe inflation will run climbed to its highest level since 2014. The so-called five-year, five-year forward rate — a gauge of inflation forecasts over five years, five years from today — hit 2.5 per cent. That same measure stood at 2.1 per cent before Russia’s invasion of Ukraine sent commodity prices surging.

      The rapid shift in inflation views comes as the price of Brent crude, the international oil benchmark, escalated to a 14-year high this week and commodities including nickel, wheat and natural gas have rocketed.

      “Our inflation expectations are going up and growth expectations are going down,” said Elaine Stokes, a portfolio manager at Loomis Sayles.

      Data due out on Thursday are expected to show that consumer prices rose at the fastest level in 41 years in February, climbing 7.8 per cent from the year before, according to a survey of economists by Bloomberg.

      Higher commodity prices have led investors to wager that the Fed will be forced to tighten monetary policy at a more aggressive pace than might otherwise be expected in a volatile market.

      1. “…Higher commodity prices have led investors to wager that the Fed will be forced to tighten monetary policy at a more aggressive pace…”

        So, c’mon Fed. Fish or cut bait.

        FFR should of been increased at least 50 basis points yesterday.

        What is it with these guys? Do they all live in Wally World?

      2. Inflation + high gas = Less consumer discretionary spending.

        That will show next earnings season. Short your consumer cyclicals at will!

    2. “Higher interest or crippling inflation…which is it going to be?”

      Since the U.S. is deeper in debt than anytime in history I’ll bet on crippling inflation too.

      States, counties and cities as well as corporations and families are also caught in the rough seas of debt. Higher interest rates would be like tossing these foundering losers an anchor.

      Yesterday I saw a credit card ad for debt transfer with zero interest assessed for 24 months! WTF?!

      1. “…Higher interest rates would be like tossing these foundering losers an anchor….”

        Would that necessarily be a bad thing?

        How much longer can we all live in the imaginary fantasy world of Ozzie and Harriet?

      2. Variable rates my friend. Mr. Banker plays the long game. 0% means minimum payment then 23.9% in 2 years!

    3. If you raise interest rates in a country where paying your rent, mortgage, or whatever else is for suckers, does it matter?

    1. Real Journalists, and their unelected globalist masters, were aghast when the concept of Nuremburg Trials for medical genocide started gaining traction and getting wider media attention.

      The problem for them is, that we’re not kidding.

      There will be arrests, trials, convictions, and executions. Every globalist who participated in this is going to DIE ☠

      1. Citizen! Shouldn’t you be applying your yellow & blue face paint and slapping on your “I stand with Ukraine” bumper sticker, instead of posting subversive, non-Narrative Compliant content in this HBB hive of villainy?

    2. He clearly has dementia, I know that much. Remember how the Dims harped on Trump’s health, but this demented old fool gets a full pass? The globalists are running this whole sham.

  5. The crypto space rivals the REIC when it comes to the prevalence of scammers & con artists.

    Brother and sister are charged in $124M cryptocurrency scam after ‘lying to 20,000 investors about the value of their Ormeus Coin as they spent millions on real estate and traveling around the globe to Rome, India and Singapore’

    A brother-sister duo has been charged after allegedly defrauding tens of thousands of investors out of $124 million with their cryptocurrency, as they spent millions of dollars on travel, real estate and other personal expenses.

    John Barksdale, 40, was ‘arrested abroad’ on conspiracy, securities fraud and wire fraud charges, the United States Attorney’s Office announced on Tuesday, after he and his sister JonAtina ‘Tina’ Barksdale, 45, allegedly lied to investors for years about the value and profitability of Ormeus Coin’s mining assets.

  6. Latest from #ClownWorld. Recognizing the merit-based achievements of white males is heresy that has no place in our globalist-controlled universities.

    Single picture costs university $16 million as funding pulled over ‘unacceptable’ decision

    A photograph taken during celebrations caused so much outrage that a prominent university has lost millions of dollars in the space of a day.

    1. Notice how the Globalists either punish by de-funding, or they bribe to pull off their dastardly plots.
      All I can say is these psychopaths are well studied in what the Dictorships of history did to gain absolute power. Fake and censored news was always a weapon used to take power and brainwash, Hitler was a master at it.
      Any kind of prejudice to a entire race, like Whites now, is a attempt to create a enemy as a scapegoat, no different than Hitler scapegoating the Jews.
      Another one is the scapegoating of the unvaccinated , were attempts were made to punish them and take them to camps in some Countries, with CNN in US actually cheerleading this false attack on the unvaccinated.
      Turning people against each other is a well known tactic of evil dictorships, all based on fraudulent narratives or false flags.
      Hitler started World War 2 by his false flag operation that Poland attacked Germany.
      Just because these Globalists have been planning this take over , and they are now obviously evil psychopaths , doesn’t mean they will be sucessful.

  7. Is a diplomatic solution right around the corner in Ukraine? That’s what my real Wall Street journalists are telling me this morning. I think I will celebrate by piling back into stonks.

    1. So think Putin might write-off more than 100,000 soldiers and their equipment rather than double-down?

  8. Gosh, I sure hope this doesn’t have cascading effects or unintended consequences on the financial house of cards our central bankers and feckless “leaders” have created.

    Russia is set to default on its debts ‘imminently’ as sanctions smash the country’s economy, Fitch Ratings warns

    Russia will default on its debts ‘imminently’, a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country’s economy.

    The warning came from Fitch Ratings on Tuesday which again downgraded Russia’s sovereign debt rating farther into junk territory from ‘B’ to ‘C,’ saying the decision reflects the view that a default is ‘imminent.’

    1. The standard operating procedure for the banksters is to buy up distressed assets for pennies on the dollar. I doubt the Russians will allow that.

      1. I told my kidz to steer clear of Russian assets in their HODLings, for obvious reasons.

        Wall Street has other ideas, though…

        1. Business
          Wall Street is pouncing on Russia’s cheap corporate debt
          Finding ways to wager on distressed securities is standard fare on Wall Street. But doing so in the wake of Russia’s widely condemned invasion of Ukraine brings unique risks.
          The Wall Street sign is framed by the American flags flying outside the New York Stock Exchange, Friday, Jan. 14, 2022, in the Financial District. Wall Street closed lower Friday, as a strong jobs report wasn’t nearly enough to quell the market’s worries about Russia’s continued pounding of Ukraine. Still, some investors were looking to profit from Russian investments.
          Mary Altaffer / AP
          by Laura Benitez, Sridhar Natarajan, and Katia Porzecanski, Bloomberg
          Updated Mar 7, 2022

          As the U.S. and allies tighten sanctions on Russia and choke off investor demand for its assets, parts of Wall Street are jumping on the buying opportunity that it’s creating.

          Goldman Sachs and JPMorgan Chase have been purchasing beaten-down company bonds tied to Russia in recent days, as hedge funds that specialize in buying cheap credit look to load up on the assets, say people with knowledge of the private transactions.

          Banks routinely scoop up debt because clients asked them to, or because they expect to find ready buyers.

          Finding ways to wager on distressed securities is standard fare on Wall Street. But doing so in the wake of Russia’s widely condemned invasion of Ukraine brings unique risks. World leaders are seeking to punish some Russian companies and cut the country off from the global financial system, and any firm perceived as working against those interests faces potential reputational damage, market watchers say.

  9. If there’s any trait among Democrat-Bolsheviks even more pronounced than their hatred of white males or their promotion of parasitism, it’s their pathological aversion to anything resembling responsibility or accountability.

    ‘I can’t do much’: Biden claims record gas prices of $4.17 are Putin’s fault and NOT his after he canceled all Russian energy imports: Denies he is to blame for US relinquishng its energy independence

    President Joe Biden on Tuesday said he ‘can’t do much’ about record high gas prices and continued the White House blame game of saying it was Vladimir Putin’s fault.

    Biden even predicted it would get worse with prices at the pump – which hit a record $4.173 – going higher.

    ‘They’re going to go up,’ Biden said when asked his message for Americans on gas prices.

  10. And so it begins: Arab Spring 2.0. Heckova job, corrupt elites & criminal central bankers.

    Rise in food prices leads to protests in Iraq, officials blame Ukraine war

    Protests erupted Wednesday in Iraq’s impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine.

    For about a week, the price of cooking oils and flour have skyrocketed in local markets as government officials have sought to address growing anger with various statements and measures.

  11. “Ask someone if they feel disconnected or isolated, and chances are pretty good, regardless of their age, occupation, background, or economic status, that they’ll say yes — and that they’ve never been asked the question before.

    According to the latest New York City citywide health surveys, 57% of residents felt lonely some or the time or often, and 67% felt socially isolated in the prior four weeks. Only a third of respondents said they could count on someone for emotional support. And at the same time, one in five respondents reported symptoms of depression.”

    Happy *TWO YEAR* anniversary of “two weeks to flatten the curve”

    1. This was deliberate by the Globalist to create isolation with lockdowns and people fearing germs or other people.
      Truly the Globalist are the enemy of all of mankind.
      Really, does mankind want the vision that you will own nothing and be happy. Being forced to take a bunch of injections from criminal Big Pharmacy. Having these nuts alter humans chemically , turning them into drone like slaves. They will dictate what you even get to eat.
      Better to have the people decide what their fate is going to be because the Globalists obviously don’t have good intent.

    2. How many of these lonely, isolated, depressed people have been propagandized over the last 20 months to greatly fear associating with….(gasp)….the unvaccinated? Answer: a LOT.

  12. A demolition derby winner is the guy with the biggest cheapest piece of shit rig who reeks the most damage as quickly as possible.

    Did Pedo Joe Bribem think he was running a demolition derby?

  13. Take the following paragraph from this bedwetting article, and apply its context to the rhetoric about the unvaccinated:

    “Eliminationism involves several steps. There must be a leader, an “entrepreneur” of political violence, who targets a group in society identified as the Other. There is a repeated use of themes and language intended to dehumanize the targeted group, so that violence against them (by the dominant and more powerful group) is made to appear both necessary and legitimate. The targeted group is also presented as an existential threat to majority society, which must be purged, cleansed and protected through violence.

    The history of eliminationism in America and elsewhere shows that rhetoric plays a significant role in the travesties that follow. It creates permission for people to act out in ways they might not otherwise. It allows them to abrogate their own humanity by denying the humanity of people deemed undesirable or a cultural contaminant.”–and-almost-nobody-is-paying-attention/

    That sounds like a Mass Formation Psychosis.

  14. Dr. Peter McCullough: Findings From Early COVID-19 Vaccine Studies Potentially Alarming

    “It was clear vaccines weren’t sufficiently tested and important groups were excluded, like pregnant women,” McCullough said in Hershey. “With no data on safety and efficacy, pregnant women were encouraged, then later forced, to take the vaccines.”

    ‘He called the results of a newly released study disturbing. The study, titled “Immune imprinting, breadth of variant recognition, and germinal center response in human SARS-CoV-2 infection and vaccination,” shows that messenger ribonucleic acid (mRNA) from the vaccine stays in the body much longer than expected. Messenger RNA is a single-stranded molecule that carries genetic code, usually from the DNA in a cell’s nucleus, to ribosomes, the cell’s protein-making area.’

    “It shows the messenger RNA is in the lymph nodes months after the vaccine had been received. This is proven,” McCullough said. “The vaccines are not leaving the body. It’s found in the lymph nodes at 60 days. The thought in the FDA briefing book was that these vaccines were going to be in the body for a day or two, generate immunity, and then be out.”

    “This is getting into human chromosomes, at least this segment is. If it turns out that the entire code goes into human chromosomes, and if it expresses spike protein within cells—spike protein is an abnormal protein, it is not a human protein— if this protein is expressed within human cells on a regular basis or on demand, and it’s passed from parent cells to daughter cells, and it’s passed to the developing embryo, we’re in trouble.”

    “On the CDC website, it says the vaccines don’t change the human genome. This paper that just broke in the last week is strongly suggesting the CDC was gravely wrong,” McCullough said.’

    ‘Now, a new study in The Lancet is pointing to potential multi-inflammatory syndrome in COVID-19 vaccinated children, McCullough said. “Some kids are on ventilators. These were perfectly healthy kids and now they’re on the ventilator fighting for their life.”

    The globalist scum think a phony distraction in Ukrania is going to get them out of the rope?

  15. This is what you get when a Soros sponsored DA let’s the criminals know there will be no consequences for their actions.

    Betty Yu
    Two garage break-ins were captured on video in San Francisco’s Bernal Heights.
    One video shows burglars intentionally ramming a garage with their car.

    1. San Francisco Democrat voter robbed is nice but not as nice as San Francisco Democrat voter shoved under cable car.

  16. Revolver News original content (3/9/2022):

    “Perhaps for Ukraine, the war really is about freedom (though Ukraine is neither as free nor as democratic as Western media portray it). But for the Globalist American Empire, the crusade against Russia has nothing to do with “democracy” or “freedom.” In fact, the war provides them with a golden opportunity to act out their increasingly dystopian fantasies. The battle against Russia is a new frontier of American policymaking: It is the globalization of BLM tactics and “cancel culture.” It is George Floydism converted from domestic cudgel to foreign policy doctrine.”

    P.S. George Floyd died of a fentanyl overdose 🙁

    1. Reddit sides with Ukraine, bans all links to Russia’s state-sponsored RT and Sputnik (3/3/2022):

      “Reddit is now categorically banning its users, globally, from posting links to Russian state-sponsored media outlets, including RT and Sputnik — and it may not have even stopped there. A Reddit admin has seemingly confirmed that Reddit is blocking links to all websites that end in .ru.

      As far as RT and Sputnik are concerned, it’s possibly the most concrete deplatforming of those channels yet — because while Apple, Google, Meta, Microsoft, Twitter, YouTube, and many others have paused their ads or removed content or restricted discoverability or stopped actively promoting content, and both Facebook and YouTube have blocked content in the EU specifically, none of those is the same thing as a blanket site-wide global ban on all links.”

      Fun fact: the higher your Reddit “karma score” the greater the frequency of your wife’s boyfriend Chad plowing your wife, while you sit in the corner watching.

    2. The battle against Russia is a new frontier of American policymaking: It is the globalization of BLM tactics and “cancel culture.”

      Makes prefect sense. Just as they have used Corporate America against the American people, now they are trying to use it against Russia. The thing is, the Russians can live without fast food, iPhones. and other western products.

      1. I’ve seen similar comments on the Internet. Russians don’t need to worry about a decreased standard of living. They are already used to that.

        1. Yep. It’s hard to win by taking away from those who have nothing to begin with, while inadvertently creating First World Problems back home.

  17. Is Russia still losing? Let’s check the Magic 8 Ball….

    Gas prices say “Fook no!”

  18. long story short: if you are a small nobody and your margin call will wipe out just you, nobody will think twice to margin you out; on the other hand if you are a Chinese tycoon whose default will ruin not just him but lead to massive losses for all LME members and also drag down more than one broker in the process (as Russell Clark explained earlier), well then… the rules can certainly be bent.

    1. It’s the old saying: If you owe the bank a million dollars, that’s your problem. If you owe the bank a billion dollars, that’s the bank’s problem. The banks have been creating problems since … well, pick your date. 2008? 1971? 1913? 1789? Ancient Babylon?

  19. Psaki Gaslights: Claims Ukraine Biolabs A ‘Conspiracy Theory’ Despite State Department Confirming Their Existence

    By Jamie White
    Wednesday, March 09, 2022

    Joe Biden’s press secretary Jen Psaki falsely claimed in a long-winded diatribe that biological research facilities in Ukraine are a “conspiracy theory” and “disinformation” despite Biden’s State Department confirming their existence just the day before.

    “We took note of Russia’s false claims about alleged U.S. biological weapons labs and chemical weapons development in Ukraine. We’ve also seen Chinese officials echo these conspiracy theories,” Psaki tweeted Wednesday.

    “This is preposterous. It’s the kind of disinformation operation we’ve seen repeatedly from the Russians over the years in Ukraine and in other countries, which have been debunked, and an example of the types of false pretexts we have been warning the Russians would invent.”

    Psaki went on to say that Russia is about to launch a “false flag operation” with biological weapons to blame on Ukraine, a talking point echoed by the State Department on Tuesday.

    “Now that Russia has made these false claims, and China has seemingly endorsed this propaganda, we should all be on the lookout for Russia to possibly use chemical or biological weapons in Ukraine, or to create a false flag operation using them. It’s a clear pattern,” she added.

    Psaki’s desperate remarks fly in the face of State Department Under Secretary of Political Affairs Victoria Nuland confirming during a Senate Foreign Relations committee hearing that Russia had in fact seized numerous biolabs in Ukraine.

    “Ukraine has biological research facilities which in fact we are now quite concerned Russian forces may be seeking to gain control of, so we are working with the Ukrainians on how they can prevent any of those research materials from falling into the hands of Russian forces should they approach,” Nuland admitted.

    Lukasz Raczylo 🐭
    Once again – we’ve been told by #fakenews that there’s no US #biolabs in #ukraine. Those were called “Russian propaganda” and “conspiracy theory”. How come they suddenly exist and are discussed by house representatives, with hesitation yet openly?

  20. Let’s go Brandon!

    Gasoline vouchers worth $300 a month? Some economists back new government aid as prices at the pump soar

    1. Gasoline vouchers worth $300 a month?

      I guess they are worried about November. Will they throw in SNAP/EBT cards for everyone too?

    1. The Financial Times
      Pimco stands to lose billions if Russia defaults on its debt
      Fund manager exposed to derivatives bet of at least $1.1bn and holds $1.5bn of sovereign bonds
      In selling the credit default swaps to other investors, Pimco effectively wagered that Russia would pay its creditors
      © (c) Transversospinales |
      Joe Rennison and Brooke Masters in New York yesterday

      Pimco has billions of dollars riding on the economic fallout from Vladimir Putin’s invasion of Ukraine, after amassing a wager worth at least $1bn in derivatives markets that the country will not default while also holding $1.5bn of its sovereign debt.

      The California-based asset manager started off the year exposed to $1.1bn of credit default swaps on Russian debt. The derivative contracts are intended to compensate the holders in the event that the underlying bond issuer, in this case Russia, fails to make its payments.

      At least five Pimco funds sold the CDS to investors, according to a Financial Times analysis of the asset manager’s holdings at the end of 2021. Pimco also holds more than $1.5bn of government bonds tied to the Russian Federation, according to aggregated holdings data from Bloomberg.

      Pimco sold the CDS to investors wanting protection against a potential default and collects premiums on the insurance-like product. In doing so, it effectively wagered that Russia would pay its creditors. The positions mean it stands to lose twice over — first on its own bondholdings and then on the CDS payouts — should Russia default.

      Pimco has already marked down the positions based on current market valuations, though they could still recover.

      The magnitude of the sums are a reflection of Pimco’s size and its huge presence in the bond and CDS markets. The firm had more than $2.2tn in assets under management at year’s end. Pimco declined to comment.

      The majority of the CDS sit in the marquee $140bn Income fund, run by chief investment officer Dan Ivascyn, alongside Alfred Murata and Joshua Anderson.

      The fund disclosed that it had written $942mn of CDS protection on Russia by the end of 2021. The other funds to hold positions include Pimco’s Total Return bond fund, its Emerging Markets bond fund, Diversified Income and Low Duration income funds.

      Russia’s sovereign debt prices have collapsed since it invaded Ukraine as investors bet that crippling western sanctions, which have made some of the bonds almost impossible to trade, could push the country to default.

      Russia last week made an interest payment on one of its rouble-denominated local bonds but said the money would not reach foreign holders. The country cited a Moscow-imposed ban on its central bank sending foreign currency abroad that was instituted to shore up the country’s sovereign reserves following the imposition of the sanctions.

      Two interest payments on Russia’s foreign currency debt, which is covered by CDS, are due on March 16. Moscow said on Sunday that its ability to service its debt could be hampered by sanctions.

  21. The Financial Times
    Markets Briefing Equities
    European shares fall after best day since March 2020
    Moves come on day of ECB’s monetary policy statement
    The European Central Bank building in Frankfurt
    Investors are waiting to see whether the European Central Bank will maintain its loose monetary policy
    © AP
    Naomi Rovnick in London and Hudson Lockett in Hong Kong
    3 hours ago

    European stocks fell, following their best day since March 2020, as a rally pinned on hopes of central bank support for markets and oil producers increasing output faded out.

    The regional Stoxx 600 share index, which gained 4.7 per cent on Wednesday in a move that snapped four days of losses, lost 1.2 per cent in morning trade on Thursday. Germany’s Xetra Dax, which jumped almost 8 per cent on Wednesday, fell 2.4 per cent and the FTSE 100 in London lost 1.2 per cent.

    The moves came ahead of the European Central Bank’s monetary policy statement in the afternoon and during an EU summit, where leaders will discuss a unified response to recessionary risks from energy price shocks driven by US sanctions curbing Russian supplies. Russia is the world’s second-largest crude oil producer and biggest exporter of gas.

    “The Ukraine crisis might not be a markets crisis yet but it could well be,” said Patrick Spencer, vice-chair of equities at RW Baird. “It is all about oil in my mind,” he added, as “when oil prices double in a year, recessions tend to follow”.

    1. “…a rally pinned on hopes of central bank support for markets and oil producers increasing output faded out.”

      You can wish in one hand and sh!t in the other, and see which one fills up faster.

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