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With The Increase In Supply, Purchasers Are Wary Of Paying Too Much

It’s Friday desk clearing time for this blogger. “Freddie Mac’s weekly mortgage rate survey rate is standby for multiple news organizations to print their once-a-week mortgage rate color. The bigger problem is that Freddie’s survey headline often gives the wrong impression about where rates are and how they’ve been moving. Rates aren’t merely changing a lot from day to day, they’re changing multiple times per day in many recent occasions. The average lender is now definitively up and over 4.25% for the first time since early 2019. In other words, today’s rates are the highest in almost 3 years.”

“Dozens of homeowners in Denver’s Green Valley Ranch neighborhood are facing foreclosure due to homeowners association (HOA)-related fines and fees. Monica Villela said her special district was behind the recent foreclosure on her home. Villela said her family could not pay the fines, but she did not know that was grounds for foreclosure. ‘Three weeks ago, the new owner shows up… and he told me, I’m the new owner, I bought your house,’ Villela said.”

“Erie County Clerk Michael Kearns revealed data that showed 2,930 Erie County properties have received a pre-foreclosure default notice in the last six months. That does not include homeowners slightly behind or in a forbearance agreement. ‘This is the highest we’ve seen,’ said Sandy Becker, the Senior Housing Programs Director for Belmont Housing Resources of WNY.”

“The landlord who owns this Studio City duplex said the tenants stopped paying rent right when the pandemic began. ‘It was devastating when these people stopped paying rent,’ said Elizabeth (also not her real name — she’s seeking a restraining order and also fears retaliation). ‘It caused us to stop paying our mortgage payment. So now we’re in arrears.'”

“Elizabeth said she and her husband own just four rental units. She said their finances were wrecked by having tenants in one of of the units who stopped paying rent for a year and a half. ‘Everything snowballs when your primary source of income is suddenly cut off with no recourse,’ she said. Elizabeth said she and her husband lost more than $100,000. ‘I’m over 65, I don’t have a Roth IRA,’ she said. ‘I have nothing. I have no savings.'”

“The receiver of properties linked to SiliconSage Builders, accused of defrauding 250 investors, is having mixed success. David Stapleton, granted receivership by a federal judge, unloaded an apartment complex in downtown San Jose for $53.5 million, netting about $10.7 million, and a residential development site in Fremont for $13.5 million, generating about $2.6 million.”

“Yet net proceeds from the $5.5 million sale of a San Jose property, seized through a foreclosure, went to the lender to pay off a portion of the mortgage, leaving those who were defrauded with nothing from the sale. One victim, 81-year-old Charles Johnisee said he lost millions of dollars to Acharya through the sale of a property at 2101 Alum Rock. Instead of paying $9 million directly to Johnisee, Acharya persuaded him to enter a deal in which the retiree got a small amount from the Acharya-led affiliate.”

“A major development in the heart of Soho that went into receivership in 2020 is yet to find a buyer, and the lenders to the scheme are likely to face a loss on their loans. The development comprises a 110-bed hotel, 11 retail units and 16 apartments. One of the lenders to the scheme estimated that, when completed, it would be worth more than £100M. The senior lender is Close Brothers, which is owed £29.4M. The junior lender is Beaufort Ventures, which is owed £26M. A previous report from the administrators put the potential value of the scheme at £34M, meaning that Beaufort and other unsecured creditors would not recoup their money.”

“Four months on after Cambodia reopened its doors to foreign tourists and investors, recovery in Preah Sihanouk province’s real estate market has failed to gain real traction. Global Real Estate Association president Sam Soknoeun told The Post that the province’s property market has been relatively quiet since 2019, with market activity down ‘more than 90 per cent’ compared to the 2016-2018 period. ‘As real estate in Preah Sihanouk had already been quite pricey during 2016-2018, buying has become almost non-existent [among locals]. It may be possible to start things back up if foreign investors, especially the Chinese, were to get back in there,’ he said.”

“According to Soknoeun, despite the notable lack in transactions, Sihanoukville property prices are similar to 2018, with land prices as high as $7,000 per square metre in some areas, putting them out of reach for many locals. ‘The 2016-2018 period is considered to be the golden age of the real estate and construction market in [Sihanoukville], which at that time had seen unexpectedly rapid growth,’ he said.”

“Some dollar bonds of higher-rated Chinese developers were poised for their biggest-ever weekly drops, amid declines for many risk assets around the world, as ongoing worries about the property sector spread to stronger builders. Notes issued by CIFI Holdings Group Co. and Country Garden Holdings Co. fell at least 16 cents on the dollar this week to hit record lows, according to Bloomberg-compiled prices, plunging toward 50 cents. For China’s junk-rated dollar bonds overall, the average yield topped 25% for the first time Thursday in a Bloomberg index. Prices were poised for a 13th consecutive daily decline Friday, a streak not seen since 2018.”

“The stress has also started pressuring China’s much-larger onshore corporate-bond market, with spreads reaching their highest levels in at least a year. This week’s rout is a fresh reminder of how pervasive fallout from the property sector’s credit crunch has gotten for high-yield offshore bonds, which continue to search for a bottom. More than half of such debt from developers is trading below 50 cents on the dollar, according to Bloomberg Intelligence.”

“House-sellers in Nelson are being warned to adjust their ‘unrealistic’ price expectations as buyers shift from a fear of missing out to a fear of paying too much. Local QV senior property consultant Craig Russell said despite Nelson’s experience differing to the rest of New Zealand the growth of home values had slowed considerably since the start of the year, and values were starting to fall in Tasman.”

“The number of properties for sale was now ‘significantly above’ the lows seen in August 2021, which had seen ‘FOMO’ (fear of missing out) driving the market, he said. ‘With the increase in supply, purchasers are no longer afraid of missing out, but instead are wary of paying too much.'”

“That also meant properties were taking longer to sell, with some ‘sitting on the market for an extended period,’ he said. ‘In some cases this is a result of unrealistic price expectations and vendors not prepared to meet the market.'”

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This Post Has 92 Comments

  1. ‘despite the notable lack in transactions, Sihanoukville property prices are similar to 2018, with land prices as high as $7,000 per square metre in some areas, putting them out of reach for many locals. ‘The 2016-2018 period is considered to be the golden age of the real estate and construction market in [Sihanoukville], which at that time had seen unexpectedly rapid growth’

    So many golden ages crushed. Sins of the past central bankers. I got new fer ya Sam, those Chinese buyers ain’t coming back.

    1. Wasn’t Cambodia the hottest market in the world at one point? This stuff is nuts. Central banks caused all of this.

  2. ‘Yet net proceeds from the $5.5 million sale of a San Jose property, seized through a foreclosure, went to the lender to pay off a portion of the mortgage, leaving those who were defrauded with nothing from the sale. One victim, 81-year-old Charles Johnisee said he lost millions of dollars’

    Is this San Jose in New Mexico or something? Cuz Thornberg said unpossilbe.

  3. Recent advances in barkology – the science of how dogs communicate – reveal that in the famous “Lassie” scene where Lassie frantically barks to alert the farmer that Timmy has fallen down a well, she was in fact trying to warn him that realtors are liars.

  4. ‘The number of properties for sale was now ‘significantly above’ the lows seen in August 2021, which had seen ‘FOMO’ (fear of missing out) driving the market’

    The winnahs!

    ‘With the increase in supply, purchasers are no longer afraid of missing out, but instead are wary of paying too much’

    Wa? So fast?

    ‘That also meant properties were taking longer to sell, with some ‘sitting on the market for an extended period,’ he said. ‘In some cases this is a result of unrealistic price expectations and vendors not prepared to meet the market’

    Bringing a check to closing may be a bridge too far Craig.

  6. Monica Villela said her special district was behind the recent foreclosure on her home.

    Hey Monica, sounds like your “special district” was kinda like the ones in the “Hunger Games.” Ante up, peasantry! That tribute ain’t going to pay itself!

  7. ‘Villela said her family could not pay the fines, but she did not know that was grounds for foreclosure. ‘Three weeks ago, the new owner shows up… and he told me, I’m the new owner, I bought your house’

    But you can always sell Monica? Now you have to GTFO?

    NO!

  9. ‘2,930 Erie County properties have received a pre-foreclosure default notice in the last six months. That does not include homeowners slightly behind or in a forbearance agreement. ‘This is the highest we’ve seen’

    Not counting forbearance defaults. Oh dear…

    ‘Rates aren’t merely changing a lot from day to day, they’re changing multiple times per day in many recent occasions. The average lender is now definitively up and over 4.25% for the first time since early 2019. In other words, today’s rates are the highest in almost 3 years’

    This is an industry website. The media is purposefully misleading the public. That’s a shock, I know.

  10. She said their finances were wrecked by having tenants in one of of the units who stopped paying rent for a year and a half.

    No, Elizabeth. Your finances were wrecked because of government overreach and the CDC interjecting itself in contract law, thus enabling parasitism and freeloading – the supreme virtues of the Democratic Party, which our globalist-captured SCOTUS allowed to go on for months on end. You should’ve seen the writing on the wall years ago, and bailed while the bailing was good.

    1. I read every day, the CCP virus caused this or that. Not true. This was people making decisions that weren’t theirs to make. The entire US court system failed us and made them all candidates for the gallows.

        1. Interesting. Just a month ago Austria was leading the pack on Covid tyranny.

          “Austria has become the first country in the EU to make vaccinations against Covid-19 mandatory for all adults”

          “Every household is to be informed of the new law via post by 15 March, after which police will start monitoring people’s immunisation status via spot checks and issuing fines of 600 euros, rising to up to 3,600 euros in case of non-compliance.”

          https://www.theguardian.com/world/2022/feb/04/austria-passes-covid-vaccine-mandate-but-question-marks-linger-over-enforcement

          1. The Nuremberg Code

            1. The voluntary consent of the human subject is absolutely essential.

            This means that the person involved should have legal capacity to give consent; should be so situated as to be able to exercise free power of choice, without the intervention of any element of force, fraud, deceit, duress, overreaching, or other ulterior form of constraint or coercion; and should have sufficient knowledge and comprehension of the elements of the subject matter involved as to enable him to make an understanding and enlightened decision. This latter element requires that before the acceptance of an affirmative decision by the experimental subject there should be made known to him the nature, duration, and purpose of the experiment; the method and means by which it is to be conducted; all inconveniences and hazards reasonably to be expected; and the effects upon his health or person which may possibly come from his participation in the experiment.

            The duty and responsibility for ascertaining the quality of the consent rests upon each individual who initiates, directs or engages in the experiment. It is a personal duty and responsibility which may not be delegated to another with impunity.

            2. The experiment should be such as to yield fruitful results for the good of society, unprocurable by other methods or means of study, and not random and unnecessary in nature.

            3. The experiment should be so designed and based on the results of animal experimentation and a knowledge of the natural history of the disease or other problem under study that the anticipated results will justify the performance of the experiment.

            4. The experiment should be so conducted as to avoid all unnecessary physical and mental suffering and injury.

            5. No experiment should be conducted where there is an a priori reason to believe that death or disabling injury will occur; except, perhaps, in those experiments where the experimental physicians also serve as subjects.

            6. The degree of risk to be taken should never exceed that determined by the humanitarian importance of the problem to be solved by the experiment.

            7. Proper preparations should be made and adequate facilities provided to protect the experimental subject against even remote possibilities of injury, disability, or death.

            8. The experiment should be conducted only by scientifically qualified persons. The highest degree of skill and care should be required through all stages of the experiment of those who conduct or engage in the experiment.

            9. During the course of the experiment the human subject should be at liberty to bring the experiment to an end if he has reached the physical or mental state where continuation of the experiment seems to him to be impossible.

            10. During the course of the experiment the scientist in charge must be prepared to terminate the experiment at any stage, if he has probable cause to believe, in the exercise of the good faith, superior skill, and careful judgment required of him, that a continuation of the experiment is likely to result in injury, disability, or death to the experimental subject.

            https://www.nejm.org/doi/full/10.1056/nejm199711133372006

  11. Every day, more local tyrants are ditching mouth hankey rules, etc. What’s this?

    https://ktvz.com/news/government-politics/2022/03/10/in-an-about-face-portland-and-other-liberal-us-cities-target-homeless-camps/

    ‘The mayor of Portland recently banned camping on the sides of certain roadways, and officials are exploring other aggressive options to combat homelessness. An increasing numbers of liberal cities like Portland, Seattle and New York are cracking down on encampments after years of tolerating growing numbers of people living in tents.’

    ‘Officials justify the moves by citing recent violent homeless outbursts, littered encampments labeled as health concerns, and increasing homeless deaths.’

    ‘Makeshift shelters abut busy roadways, tent cities line sidewalks, tarps cover broken-down cars, and sleeping bags are tucked in storefront doorways. The reality of the homelessness crisis in Oregon’s largest city can’t be denied.’

    “I would be an idiot to sit here and tell you that things are better today than they were five years ago with regard to homelessness,” Portland Mayor Ted Wheeler said recently. “People in this city aren’t stupid. They can open their eyes.”

    You are an idiot Ted.

    1. You are an idiot Ted.

      Absolutely. When are politicians going to tackle the real reason for this homelessness – the hyperinflation of real estate prices and rents due to reckless monetary and fiscal policies setting off the biggest asset price bubble in the history of mankind?

  12. “…Elizabeth said she and her husband own just four rental units. She said their finances were wrecked by having tenants in one of of the units who stopped paying rent for a year and a half. ‘Everything snowballs when your primary source of income is suddenly cut off with no recourse,’ she said. Elizabeth said she and her husband lost more than $100,000. ‘I’m over 65, I don’t have a Roth IRA,’ she said. ‘I have nothing. I have no savings…’”

    Don’t follow the math.

    Summary

    4 rental units
    1 non-payer unit, duration=18mo
    claims “loss of 100K”
    1 non-payer unit, implied income loss $5,555/mo

    What about the other 3 units, implied income (5,555 x3) =~ $16,666/mo?

    Studio City is not exactly Beverly Hills.
    $5,555/mo rent seems way high.

    Is this the new REIConplex math? What am I missing?

    Finally, Elizabeth has no other income streams?
    Was 100% invested in apparently highly leverage R/E?

    Elizabeth is a contender in the HBB buffone of the year award.

    3. In the article there are some other interesting numbers: nearly 678,000 households in the Los Angeles area are behind on rent, according to recent U.S. Census Bureau data.

      They also claim that the CA state fund has 5 billion dollars to dole out. When you divide 5bil by 678k you get $7375 per unit if you only bail out LA. I’m just guesstimating here but I’m thinking some folks are going to get schlonged.

  13. Global Real Estate Association president Sam Soknoeun told The Post that the province’s property market has been relatively quiet since 2019, with market activity down ‘more than 90 per cent’ compared to the 2016-2018 period.

    Is that a lot?

  14. For China’s junk-rated dollar bonds overall, the average yield topped 25% for the first time Thursday in a Bloomberg index.

    Even Bernie Madoff didn’t promise 25%. What kind of morons are “investing” in this debt?

    1. yield topped 25%

      What does the word “yield” mean when you’re not going to get your money back?

    2. “What kind of morons are ‘investing’ in this debt?”

      They are not morons if the money they invest belongs to somebody else.

      2. Seems like investing other people’s money in China or Russia hasn’t entirely gone away as a means for middle men outside those countries to make bank…or has it?

  15. ‘A previous report from the administrators put the potential value of the scheme at £34M, meaning that Beaufort and other unsecured creditors would not recoup their money’

    Chase that yield boys!

    1. Interesting that they waited for the Narrative to shift to War! War! War! before turning this guy loose.

      Also interesting how the “justice system” was ready to crucify a teenager who was being chased by armed thugs and defended himself, while they drop all charges against an unlicensed bodyguard employed by the MSM, especially since Colorado is NOT a “stand your ground” state. Of course, I would expect nothing less from a SorosScum DA.

    1. “I would be an idiot to sit here and tell you that things are better today than they were five years ago with regard to homelessness,” Portland Mayor Ted Wheeler said recently. “People in this city aren’t stupid. They can open their eyes.”

      “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” —Mark Twain

      1. “People in this city aren’t stupid. They can open their eyes.”

        The fact a “woke” turd like you is mayor is proof positive the people of Portland ARE stupid, and refuse to open their eyes.

    2. Black man kicked off plane = Cha-ching!

      He should have waited for police to shoot or taze him for the big payoff.

    1. “In addition to the consumer benefits, a U.S. digital currency would offer the Fed a new tool that economists have previously only theorized about: negative interest rates.”

      “If you take a walk, I’ll tax your feet” —The Beatles

      1. Would a digital currency be harder, easier, or the same for the Fed to print in comparison with electronic currency under the existing electronic printing press technology?

      2. new tool that economists have previously only theorized about

        And the tools they have fantasized about: currency which is trackable, programmable, perishable. (and unconstitutional, but shhh we don’t talk about that.)

      3. a U.S. digital currency would offer the Fed a new tool that economists have previously only theorized about: negative interest rates.”

        Talking about negative rates while inflation is running over 20% is like talking about how healthy a beheading is for a cardiac patient. Whoever believes in this nonsense has been hitting the crackpipe. It’s time to start arresting and prosecuting these banker thugs.

    2. It’s going to destroy the US dollar as a global reserve currency. The people across the world do not want some digital dollar, they want cash money in their pockets.

    3. By the way, this is about destroying the underground economy and taxing every single dollar they can, to pay for what they just stole from the people. The USA is finished.

    4. Fast talking Demorats:

      “We’re going to make billionaires pay.”

      Announce 1099s on everybody receiving over $600 per year.

      1. Announce 1099s on everybody receiving over $600 per year.”

        That’s right get those garage sale hundredaires.

        1. Every day we are waking up to some newly enforced way to get more $$$ from the common folk. Expect more bartering if we get a digital dollar to 100% replace paper and metal money.

  22. “Monica Villela said her special district was behind the recent foreclosure on her home. Villela said her family could not pay the fines, but she did not know that was grounds for foreclosure.”

    Stiffing creditors has consequences. That’s why I don’t understand why so many people think it’s a smart financial strategy to leverage themselves over their necks in debt they very likely will not be able to repay.

    1. “… I don’t understand why so many people think it’s a smart financial strategy to leverage themselves over their necks in debt they very likely will not be able to repay.”

      Here is a clue: People are just plain stupid.

      1. “…Here is a clue: People are just plain stupid….”

        Another clue[less]: See “Elizabeth” post (above)

      2. They also tend to listen to their friendly neighborhood banker for advice on how big a loan they can afford.

        1. Further evidence that they are just plain stupid.

          Stupid car buyer to used car dealer: ” Should I buy this car?”

          Stupid borrower to banker: “Should I take out this loan?”

    2. The link Ben provided above has a video from ABC, Denver 7. Toward the end of the video is a woman with what sounds to me like a man’s voice.

      1. Toward the end of the video is a woman with what sounds to me like a man’s voice.

        Grimes dating hacker Chelsea Manning after Elon Musk split: Report

      2. State Representative Brianna Titone is a breath of fresh air in Colorado’s political community. Titone took the Colorado government by surprise as the state’s first transgender legislator…

    3. “Villela said her family could not pay the fines…”

      Sounds like there were more than $8k of fines assessed, and Monica was likely unresponsive.

      1. Of course, no detailed explanation, were they because of her kid’s behavior? leaving trash all over her yard aka a hoarder? not paying her hoa fees for months or years?

  23. So, the New World Order Globalist think they are going to bring on this dictorship they plan by fraud news with censorship .
    It looks like faked or real bio weapons figured strongly in the plan of implementing . .
    destruction of current systems.
    Solar and windmills could not reasonably replace the energy demands that gas and oil are providing.
    So why would gas and oil production be cut off by Biden when the replacement is not a sustainable answer for the energy needs of current populations.
    The only things I can think of is they don’t plan on having the current populations numbers.
    They know that a collapse of the economic systems are going take place, so they want to make sure that. they come out with all the resources and they dictate what the people get.
    John Kerry predicted a couple days ago that 100 million will die from the food shortages. You know the John Kerry who’s Son was involved with Hunter Biden in the Ukraine Co . big salaries to do nothing..
    Obama and Joe and Hunter Biden , Pelosi , Fauci , Gates, Hilary, Big Pharmacy, Soros, Klaus Schwab, some deep state traitors, and anyone else involved in these crimes against the US and other Countries.
    They rigged the election to go into full operation on the Medical Tyranny , New World Order takeover , and that Puppet in the White House acts on behalf of our enemy, the New World Order, who are trying to kill us.

  24. In addition to getting principal back on $ denomiated bonds ….
    So who were the suckers in China ADRs … was it hedge funds, pension funds. If there were public pension funds, do we (the taxpayers) have to make up the difference.


    There are over 200 China ADRs traded on US stock exchanges. Last year, before it all came apart, they still had a combined market cap over around $2 trillion. Today was another day when dip buyers in these ADRs got their heads handed to them.

    Alibaba’s ADR, which plunged 7.9% today, is down 70.9% from its high in October 2020. At today’s closing price of $92.92, the ADR is below where it had closed on the first day of trading on September 19, 2014 ($93.89):

    Baidu’s ADR dropped 6.3% today and is down 59.9% from the peak in February 2021. Today’s price of $134.62 is below where it had first been in March 2011.

    KE Holding, a platform for housing transactions, was the biggest plunger today among the biggest ADRs, collapsed by 23.9% today, to $11.01 and is down 67% from its first-day closing price on August 13, 2020.

  25. Now, looking back at Impeachment One of Trump , where Pelosi claimed it was a Abuse of Power for Trump to even inquire into the corruption in Ukraine, now you know Pelosi was protecting the NWO , and the treasonous swamp of corrupted and captured DC politicians.
    I’m thinking they rigged the 2018 midterm so that traitor Pelosi could take out Trump. So , the 2020 election was rigged to take Trump out.
    The ridicules Russian Hoax, that slandered Trump for 2 years. Impeachment 1&2. I’m really surprised that Trump was able to accomplish as much as he did with these Traitors trying to take him out repeatedly.
    So, with the 2022 midterm coming up, what are these criminals going to do?
    The Globalists need to be taken down , so sanity can be restored. They are dangerous psychopaths and they have a plan that’s just bizarre.

  27. Oh no, the EPA has approved A Bill Gates funded release of genetically modified mosquitoes in Florida and California.
    Many are objecting because of the possible negative affect on environment and humans.
    The reason for release is for disease control in that the gene altered mosquitoes will overtake and wipe out the current ones.
    If the EPA is anything like the FDA, be very afraid of crazy Gates. and his expierments.

  28. Victoria Nuland: Ukraine Has “Biological Research Facilities,” Worried Russia May Seize Them

    The neocon’s confession sheds critical light on the U.S. role in Ukraine, and raises vital questions about these labs that deserve answers.

    ‘At the very least, Nuland’s surprising revelation reveals, yet again, just how heavily involved the U.S. Government is and for years has been in Ukraine, on the part of Russia’s border which U.S. officials and scholars from across the spectrum have spent decades warning is the most sensitive and vulnerable for Moscow. It was Nuland herself, while working for Hillary Clinton and John Kerry’s State Department under President Obama, who was heavily involved in what some call the 2014 revolution and others call the “coup” that resulted in a change of government in Ukraine from a Moscow-friendly regime to one far more favorable to the EU and the West. All of this took place as the Ukrainian energy company Burisma paid $50,000 per month not to the son of a Ukrainian official but to Joe Biden’s son, Hunter: a reflection of who wielded real power inside Ukraine.’

    ‘Nuland not only worked for both the Obama and Biden State Departments to run Ukraine policy (and, in many ways, Ukraine itself), but she also was Vice President Dick Cheney’s deputy national security adviser and then President Bush’s Ambassador to NATO. She comes from one of America’s most prestigious neocon royal families; her husband, Robert Kagan, was a co-founder of the notorious neocon war-mongering group Project for the New American Century, which advocated regime change in Iraq long before 9/11. It was Kagan, along with liberal icon Bill Kristol, who (next to current editor-in-chief of The Atlantic Jeffrey Goldberg), was most responsible for the lie that Saddam was working hand-in-hand with Al Qaeda, a lie that played a key role in convincing Americans to believe that Saddam was personally involved in the planning of 9/11.’

    ‘That a neocon like Nuland is admired and empowered regardless of the outcome of elections illustrates how unified and in lockstep the establishment wings of both parties are when it comes to questions of war, militarism and foreign policy. Indeed, Nuland’s husband, Robert Kagan, was signaling that neocons would likely support Hillary Clinton for president — doing so in 2014, long before anyone imagined Trump as her opponent — based on the recognition that the Democratic Party was now more hospitable to neocon ideology than the GOP, where Ron Paul and then Trump’s neo-isolationism was growing.’

    ‘You can vote against neocons all you want, but they never go away. The fact that a member of one of the most powerful neocon families in the U.S. has been running Ukraine policy for the U.S. for years — having gone from Dick Cheney to Hillary Clinton and Obama and now to Biden — underscores how little dissent there is in Washington on such questions. It is Nuland’s extensive experience in wielding power in Washington that makes her confession yesterday so startling: it is the sort of thing people like her lie about and conceal, not admit. But now that she did admit it, it is crucial that this revelation not be buried and forgotten.’

    https://greenwald.substack.com/p/victoria-nuland-ukraine-has-biological?s=r

    1. tl;dr – George Carlin the comedian nailed it years ago, e.g., our government from the president, the senate and the house is an elaborate play feigning democracy.

      1. Someday people will realize we have no Government. It’s all just a stage show of people controlled by the global central banks that can control where all money flows.

        When the world wakes up to the fact that a handful of globalist families actually control their entire lives then mankind will finally evolve.

    2. Mike Adams just dropped that the figure of excess deaths in US in 2021 was one million one hundred thousand.
      The price of life insurance will skyrocket no doubt.
      We lost about 1/2 million in World War 2 and this is double that amount.

      Main stream news not talking about this, not talking about the Court ordered Plizer data showing over 1000 adverse side effects from the jabs. Fauci and the CDC liar nowhere to be seen, and its all war, war ,war.
      I hear some talking heads saying the next crisis from the Globalist will be food scarcity and food rationing where you will need a food passport.
      They are predicting gas rationing also.
      So, I don’t know what’s going to happen , but it just all seems so contrived to bring on this Great Reset, passport system and New World Order slavery system.

      1. So, I don’t know what’s going to happen

        That makes me think…None of what they’ve told us was going to get us actually did. Each one of these scares is bogus. They’re going to save us, sure they are the only problem!

        Do something each day to reduce your dependance. Do something each day to refresh your spirit.

        1. Move close to your job, your doctors, schools, food stores, volunteer at food pantries, etc. so you only use ONE tank of gas per month.

        2. So, also some people think they are going to stage a false flag bio weapon release from Ukraine, claiming the Russians did it.
          The way Bill Gates talks about the next pandemic , as if it was a given.
          I pay close attention to everything these screwballs say because they drop Freudian slips , all the time.
          Something is pretty creepy about people that plan world dominance for decades and decades as they loot the people that they plan to enslave or kill.

    3. Thanks for posting this.

      It’s another Glenn Greenwald Grand Slam hitting it out of the park. Real Journalists want this guy cancelled so bad, they resent him for doing actual journalism.

      1. It would be hilarious if it wasn’t real “authority” in action.

        These people feel morally justified to make up rules and force us to follow them with violence and coercion. Not just Soviet Canada, but EVERY government in the world…it’s disgusting how many people pride themselves on being “good citizens,” aka slaves.

  30. WTF is Headboard Harris talking about?

    Just when you think It couldn’t get any worse, it got worse.

    RNC Research
    @RNCResearch
    REPORTER: “How long should Americans expect — how long should we be bracing for — this historic inflation and some unprecedented gas prices?”

    KAMALA HARRIS: ……………

    https://twitter.com/RNCResearch/status/1502301540962476032?s=20&t=WY4YrwLwRdrOQtzhcTfWUw

    Natalie
    @Helio_Spherical
    Replying to @RNCResearch
    She didn’t even come close to saying one word that could possibly have been construed as being in the same general universe as the question asked!
    11:09 AM · Mar 11, 2022

    1. That’s probably why the Biden administration sent Kamala to the region because if asked specific questions she doesn’t know anything.

    1. The poor HODLers. I hope my daughter’s boyfriend isn’t on the receiving end of this news. When we were on vacation together in the Summer of 2020, he was up early every day to daytrade stonks on his laptop. But hopefully he got out before the recent carnage ensued.

      “…you take a look at the NASDAQ– pretty ugly price action. Amazon a big fat 0 right there, but Apple down 5%, Tesla down 5% right there, Facebook down 6%. And some of the stocks that are getting hit the hardest today are in the tech sector. And let’s take a look at our semiconductors and our software as well. Here, we have the week’s price action. Semiconductors, you can see Nvidia down 3%, Qualcomm down 6%, Lam Research down 8%, and in software land, not looking a whole lot better. Adobe down 8%, Shopify down 9%, ServiceNow down 6%.

      It’s not all bad today and this week. …”

    1. I’ve been following Gonzalo Lira since I saw him on The Duran. He’s on the ground in Ukraine.

  33. To clarify: Gonzalo Lira has two YT channels, Gonzalo Lira and Coach Red Pill. Each with a different subject matter focus.

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