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This Will End A Strange 7-8 Year Experiment

A report from CBS News. “The average mortgage rate jumped to 4.42% for the week ended March 24, according to Freddie Mac. That’s a more than a one percentage-point jump since January 2022. Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a research note: ‘The writing is on the wall, in big, sharp, clear letters.'”

From Mortgage News Daily. “While weeks in 2022 have been terrible for mortgage rates,  we’ve always been able to say ‘at least it wasn’t as bad as that one week in 2013.’ We can’t really say that anymore. Sharply higher rates out of the gate on Monday, a few hopeful days mid-week, then another terrible day on Friday. With the Fed Funds Rate currently in the 0.25-0.50 bracket, it would require EIGHT rate hikes in the standard 0.25% amount to hit the year-end target.  There are only 6 Fed meetings remaining!  So at least 2 of those meetings will require a 0.50% hike.  It’s been more than 20 years since we’ve seen a 0.50% hike.  Now markets are expecting 2 of them in relatively short order.  There’s even been talk of a 0.75% hike.”

From London South East. “Bonds are selling off once again and there’s now a flurry of euro zone government bonds whose yields are springing out, day after day, of negative territory. At Deutsche Bank, strategist Jim Reid believes that it’s now likely that the amount of total negative yielding debt will become negligible again by the end of the year, provided that the ECB hikes twice. ‘This will then end, for all extents and purposes, a strange 7-8 year experiment,’ he said. ‘I remember discussing negative yields in economics at school 30 plus years ago and the teacher saying we can mostly skip this part of the syllabus as it will never happen!,’ he added.”

From Fox Business. “National Association of Home Builders CEO Jerry Howard warned consumers Friday the housing market is currently ‘staring into the face of a perfect storm’ and argued that is a ‘bad sign’ for the American economy. ‘Builders are saying things are going to ‘dry up.’ You’ve got a combination of the costs…regulatory compliance and now at the other end of the pipeline, interest rates are going up,’ said Howard. The housing expert made these comments after pending home sales declined for the fourth consecutive month in February. Howard said he’s ‘very worried’ that the market could ‘really slow down.'”

The Miami Herald in Florida. “Despite reports of an influx of out-of-towners, Miami-Dade County lost population since the summer of 2020, according to new U.S. Census data. Between July 1, 2020, and July 1, 2021, Miami-Dade saw a decline of nearly 30,000 people, to fall to a population of 2.66 million, according to the census figures released Thursday. It’s the second consecutive year of declining population for Miami-Dade. The county’s population peaked in 2019 at more than 2.7 million.”

The Los Angeles Times in California. “Los Angeles and San Francisco saw sizable declines in population during the first year of the COVID-19 pandemic, new census data show. In terms of total numbers, Los Angeles County lost about 160,000 residents — more than any other county in the nation, the data show. But L.A. County has about 10 million people, so the per capita loss was slightly more than 1% compared with 6.7% in San Francisco and 6.9% in New York. The Bay Area, where skyrocketing housing costs have long been a major problem, was hit particularly hard. San Francisco lost about 54,000 residents and Santa Clara County — home to Silicon Valley — 45,000 people.”

“‘All those factors are operating together now in ways that we’ve never seen before,’ said Hans Johnson, a demographer with the Public Policy Institute of California. ‘We’ve had periods with large domestic out-migration, but not at the same time that we saw this big decline in foreign immigration and a slowdown in natural increase. So when you add all those things together, that adds up to population losses both for the state and for Los Angeles that are very, very unusual demographically.'”

“‘I started seeing the homeless population increasing and nothing being done about it,’ said former Southern California resident Alfredo Malatesta, who immigrated to L.A. from Peru as a child. ‘It was starting to remind me of where I left many years before. You feel like everyone is out to screw you in a way in a city like Los Angeles. And for the amount I pay to live here, the taxes, the infrastructure falling apart … everything is just like constantly like you’re getting screwed.'”

From Canadian Mortgage Trends. “With bond markets forecasting the Bank of Canada’s policy rate to reach 2.50% by next year, Capital Economics economist Stephen Brown asked, ‘can the housing market withstand a return to pre-pandemic mortgage rates, even though prices have risen by more than 50% in the interim? The answer is a firm ‘no,’ he answered. If the overnight lending rate, which influences prime rate and, in turn, variable mortgage rates, reached 2%, Brown said house price increases should slow to ‘little more than zero’ next year, while a higher policy rate would trigger a decline in house prices.”

“‘We shouldn’t assume that the Bank wants to avoid house price declines at any cost,’ he added. ‘House prices are a key driver of shelter inflation, so moderate declines would help to get consumer price inflation under control without seriously jeopardizing the economy.’ But with prices currently so high versus traditional valuation metrics, Brown said the risk is that an initial decline could trigger a ‘downward spiral’ of lower house prices and lower house price expectations.”

From One Roof. “Two years ago, house prices in New Zealand were roughly 43 per cent less than they are now. When OneRoof asked economists what it would take to see prices plummet to pre-Covid levels, they said while that could technically happen the scenario is highly unlikely and would indicate a huge global problem. ‘You don’t really want to think of a scenario where house prices would fall 43 per cent because that would be catastrophic and so there’s likely to be bigger fish to fry than buying a cheap house potentially,’ says Mike Jones, senior economist with the ASB. ‘If you look at globally the sorts of things that have caused really devastating asset market corrections it’s been things like deep and prolonged global recessions/depressions.'”

From Bloomberg. “New Zealand mortgage rates are set to rise above 5% for the first time in seven years, damping economic growth and exerting further downward pressure on a cooling housing market. New Zealand households are already being squeezed by the fastest rise in living costs in more than 30 years. The jump in mortgage rates will further reduce spending power just as falling house prices make consumers feel less wealthy, increasing the risk of the economy stalling.”

“‘The New Zealand economy has been famously described as the housing market with an economy attached, it has massive implications for how households behave,’ said Sharon Zollner, chief New Zealand economist at ANZ Bank in Auckland. ‘There’s a wealth impact on consumers’ willingness to spend.'”

From Forbes. “Struggling Chinese real estate developer Guangzhou R&F expects to report a loss of ‘not less than’ eight billion yuan, or $1.2 billion, for the year ending 2021 amid slack demand and excess supplies that have battered the property industry in the world’s No. 2 economy. ‘The expected net loss is mainly attributable to decrease in sales revenue attributable to lower contracted sales and recognition of properties sold, decline in gross profit margins, as well as the increase in impairment provision for inventory due to lower selling prices of the projects and lower contribution of other income recorded by the group for the year,’ R&F said.”

This Post Has 189 Comments
  1. ‘Despite reports of an influx of out-of-towners, Miami-Dade County lost population since the summer of 2020’

    Where did those erroneous reports come from? Oh right, it was REIC media dogs. They just made it up.

  2. ‘There are only 6 Fed meetings remaining! So at least 2 of those meetings will require a 0.50% hike. It’s been more than 20 years since we’ve seen a 0.50% hike’

    Gosh, it’s good everybody has been putting 20% down!

    1. ‘There are only 6 Fed meetings remaining! So at least 2 of those meetings will require a 0.50% hike. It’s been more than 20 years since we’ve seen a 0.50% hike’

      And considering the “official” inflation number is running at 8%, and likely higher after the next print comes in, it means that those 50 basis point hikes are like an ant pissing on a forest fire. They won’t even remotely tame it, which means the FED falls further behind and will be forced into Volcker type hikes down the road. These asz clowns are shooting themselves in the foot.

        1. themselves?

          Yes.

          Shoot oneself in the foot:

          To damage or impede one’s own plans, progress, or actions through foolish actions or words.

          1. If their intention was to keep a lid on inflation, then why did the bring it on in the first place? I rather think they caused it and that they meant to. This phase is the reaping.

          2. I suspect you misunderstood his comment.

            Not really. I actually agree with him that this is all intentional. But the angle of my comment was to point out that what the FED is publicly stating and doing vs what the end result will be will only result in a further loss of credibility. When I said “shooting themselves in the foot,” it wasn’t meant to imply that they are not benefiting from their toothless policies and actions, only that it’s just more egg on their face in terms of their reputation because they’re further exposing the folly of what they say and do.

  3. ‘The New Zealand economy has been famously described as the housing market with an economy attached’

    Hmmm.

    ‘You don’t really want to think of a scenario where house prices would fall 43 per cent because that would be catastrophic’

    I can see why you don’t want to think about it Mike cuz yer fooked and I’m not. Fact is it doesn’t matter what you or I think. Do you have insane prices? Yep. Got loads of strung out subprime borrowers? Probably the worst on the planet.

    It’s funny, when prices go up 40% in 2 years, hurrah! It’s over and here comes the boo-hoo. If yer economy is a shack with some sheep’s wool tacked on, maybe you should have nipped this in the bud? Unless of course, the commies running the show intended to crash things.

        1. TIL: The word “bidet” is French for “pony” or “small horse” — which is appropriate since the use of a bidet requires one to straddle it as if riding a four-legged animal.

          1. I could’ve done without that visual, especially for the she-creatures that work at Google.

          2. I could’ve done without that visual, especially for the she-creatures that work at Google.

            What, you don’t want to see the bearded lady riding the bidet at the Google circus?

    1. If yer economy is a shack with some sheep’s wool tacked on, maybe you should have nipped this in the bud?

      Fockin’ hilarious.

  4. For investors who prefer buying stocks on sale rather than at all time record high prices, there might be some good opportunities ahead.

    Same for houses.

  5. ‘This will then end, for all extents and purposes, a strange 7-8 year experiment,’ he said. ‘I remember discussing negative yields in economics at school 30 plus years ago and the teacher saying we can mostly skip this part of the syllabus as it will never happen!’

    I was taught a Japan style bubble could never happen in the US cuz our accounting standards don’t allow zombie corporations. I wonder if this experiment ending could leave a mark?

    1. “History has not dealt kindly with the aftermath of protracted periods of low risk premiums.”
      — Alan Greenspan

      1. Ironicall, we’ve had nearly fifteen years of artificially supressed risk premiums since Greenspan said that in 2006.

    2. In my opinion they need to cleanse the world’s central banks of all of these crackpots and fill the vacancies with responsible, sound monetary policy replacements. These current corrupt scvm have distorted everything and put the world economy on the verge of a complete collapse.

  6. Russia Today — Ukraine conflict could spark food riots in poor countries (3/26/2022):

    “The conflict in Ukraine and sanctions against Russia from Western countries are driving up global food prices, as Black Sea ports used to export grain remain blocked. The situation could lead to hunger and food rioting in poor countries, where food security depends on imports, the head of the World Trade Organization (WTO) Ngozi Okonjo-Iweala told the Guardian on Thursday.

    “I think we should be very worried. The impact on food prices and hunger this year and next could be substantial. Food and energy are the two biggest items in the consumption baskets of poor people all over the world,” Okonjo-Iweala said, adding that “it is poor countries and poor people within poor countries that will suffer the most.”

    https://www.rt.com/business/552667-ukraine-conflict-food-riots/

    Globalists gonna globe.

    1. Revolver — Hunter Biden’s Laptop and the Ukraine War Show How the Ruling Class Plans to Silence Every Single One of Us (3/24/2022):

      “And so it was on Wednesday, when near the end of a 1,700-word article on Hunter Biden’s possible legal troubles, the Times admitted what all honest reporters have known for a year and a half: The contents of the Hunter Biden laptop are real, and the press simply ignored it for political reasons …

      That the Times finally came out to awkwardly admit the truth almost a year and a half later points toward a very obvious conclusion: Things might very soon become even more embarrassing for Hunter Biden, and the Times‘s editors have decided they cannot credibly remain silent until the hammer drops. The Times’s controlled admission also allows them to try and keep public focus on relatively boring matters of tax payments and FARA compliance, rather than other salacious and still-relevant parts of the laptop, such as Hunter apparently buying prostitutes with his father’s credit card.

      Still, the Times’ admission is good news. But this belated shift cannot for one moment be treated as improving or restoring the Times’ credibility. Americans will remember, for all time, how totally and completely the press lied in order to throw the 2020 election to Joe Biden by any means necessary.

      There is another lesson that must be learned as well: That “Russian disinformation” has displaced “white supremacy” and even “racism” as the elite’s preferred vehicle for mass censorship.

      Washington Post writer Greg Sargent, author of the Plum Line blog, set the party line in the critical month of October 2020. According to Sargent, the story was completely fake “disinformation,” and the mere act of reporting on it was to be avoided as much as possible, because any coverage at all served to substantiate the Trump campaign’s “lies.” This line was repeated more or less verbatim by every other “mainstream” outlet in the weeks to follow.

      https://www.revolver.news/2022/03/russian-disinformation-canard-and-the-hunter-biden-laptop/

      President Donald J. Trump was, in fact, correct when he stated that “the media is the enemy of the American people”

    2. “It is a natural reaction to keep what you have – we saw that with vaccines. But we shouldn’t make the same mistake with food… We must make sure we learn the lessons from vaccines and previous food crises.”

      Water can flow uphill if you’re willing to pay for it; same for most things in life.

      1. The globalists are going to use the manufactured food crisis as a tool to get third world nations to do as they are told.

        1. I’m not so sure that the food crisis is manufactured. Not with a fertilizer shortage and massive droughts everywhere. I heard that Egypt imports most of its wheat from Ukraine. Interesting, since Egypt was the breadbasket of the Roman Empire. What happened that Egypt can no longer grow its own wheat?

          1. Of course it’s manufactured. That’s the whole point of the economic sanctions, to restrict the supply. It’s one of the reasons India has remained neutral, they need Russian wheat and fertilizer. But smaller, poorer, weaker countries won’t have access to it unless they obey the WEF.

            As I have pointed out, the US government is pressuring Mexico into joining the anti Russia alliance. Mexico imports a lot of corn from the US. A LOT. It would be a shame if that supply was cut off.

          2. “What happened that Egypt can no longer grow its own wheat?”

            Over many decades the Aswan high dam prevented the Nile river’s sediment load from replenishing the region’s top soil during the annual Spring flooding, i.e., environmental issues and soil mineral depletion.

  7. ‘You don’t really want to think of a scenario where house prices would fall 43 per cent because that would be catastrophic and so there’s likely to be bigger fish to fry than buying a cheap house potentially,’ says Mike Jones, senior economist with the ASB. ‘If you look at globally the sorts of things that have caused really devastating asset market corrections it’s been things like deep and prolonged global recessions/depressions.’”

    The second part of this comment actually makes sense to me. I had the same reaction as Ben to the “no problem with insane mania, but a quick correction is UNSPEAKABLE” vibe….however I do wonder about the worldwide concomitant conditions that will accompany the coming reckoning in real estate.

    My powder is as dry as it’s gonna be: big down saved up, no debt. I do want to buy a house, but am I going to be using the down to weather the impending economic sh*tshow rather than getting a shack of my very own?

    1. ‘…that would be catastrophic and so there’s likely to be bigger fish to fry than buying a cheap house potentially,’

      Isn’t it interesting how homeowners give themselves a pat on th head for their investing genius when housing prices are rapidly rising, but then try to convince the world that the sky is falling the moment prices start to become more affordable?

    2. “…however I do wonder about the worldwide concomitant conditions that will accompany the coming reckoning in real estate. ”

      This is what happens in the aftermath of a mania.

      The mania plants the seeds of the inevitable bust to follow.

    1. In Democrat-Bolshevik malgoverned cities with indulgent Soros-installed DAs, how much is organized theft & vibrancy adding to the soaring costs paid by consumers? And at what point is it going to start impacting supply chains when retailers start shuttering stores due to losses from theft?

      Gangs of teenagers have stormed at least six New York City pharmacies, jumped over the counters and snatched prescription meds, including oxycodone and codeine, in string of targeted robberies

      https://www.dailymail.co.uk/news/article-10651949/Gangs-teenagers-stormed-six-New-York-City-pharmacies-string-robberies.html

      1. snatched prescription meds, including oxycodone and codeine

        Aren’t opiods kept in a safe? I recall from my surgeries when I was prescribed pain killers (which I picked up before the surgery) that the pharmacist had to open a safe to retrieve my filled prescription.

  8. Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a research note: ‘The writing is on the wall, in big, sharp, clear letters.’”

    And it spells out, “Realtors are liars.”

    1. ‘Toward the end of World War 2, mission updates from the 415th Night Fighter Squadron took a mysterious turn. Along with details of dogfights over the German-occupied Rhine Valley, pilots began reporting inexplicable lights following their aircraft.’

      ‘One night in November 1944, a Bristol Beaufighter crew—pilot Edward Schlueter, radar observer Donald J. Meiers, and intelligence officer Fred Ringwald—was flying along the Rhine north of Strasbourg. They described seeing “eight to 10 bright orange lights off the left wing…flying through the air at high speed.” Neither the airborne radar nor ground control registered anything nearby. “Schlueter turned toward the lights and they disappeared,” the report continued. “Later they appeared farther away. The display continued for several minutes and then disappeared.” Meiers gave these objects a name, taking a nonsense word used by characters in the popular “Smokey Stover” firefighter cartoon: “foo fighters.”

      https://www.smithsonianmag.com/air-space-magazine/what-were-mysterious-foo-fighters-sighted-ww2-night-flyers-180959847/

      1. They described seeing “eight to 10 bright orange lights off the left wing…flying through the air at high speed.”

        Recently declassified archives indicate the UFOs’ bright orange lights blinked out Morse code for “Realtors are liars.”

        1. When I got to “inexplicable lights following their aircraft,” I thought Ben had taken up your meme.

    2. Some fans turn against Foo Fighters after hearing concert-goers need proof of vaccination (6/11/2021)

      Live by the jab, die by the jab, I suppose.

      1. Unsurprisingly, the group was also into Satanism

        Never forget, in the end he always throws you under the bus.

        1. Mr. “Untimely Death” can give my regards to Madeleine Albright now that he’s in the infernal regions.

    3. Hawkins, who died on Friday, reportedly suffered from chest pains, which promoted the hotel staff to call emergency services. However, when the ambulance arrived, the singer was already dead.

      1. I wonder how many jabs he had. This guy was a drummer and had less than 10% body fat. Either the jab got him or it was a drug relapse.

  9. There’s even been talk of a 0.75% hike.”

    Real inflation, as opposed to our falsified, Soviet-style CPI stats, is running about 18-20%. As it heads even higher, Brandon & the Democrat-Bolsheviks are going to be under intense political pressure to do something about it, for real – which means leaning on the Keynesian fraudsters at the Fed whose currency debasement is causing the price of living to soar. So piddly .75% hikes won’t cut it – especially if investors start refusing to buy US debt given deeply negative rates of return.

    1. especially if investors start refusing to buy US debt given deeply negative rates of return

      And de-dollarization.

    2. Real inflation, as opposed to our falsified, Soviet-style CPI stats, is running about 18-20%

      A wood splitter I’ve been eyeing is up 10% in the past two months.

  10. Oh dear…remind me again of what happens when a rocket has expended its booster fuel & reaches apogee.

    Sydney’s real estate boom is ‘officially over’, experts say

    https://www.news.com.au/national/nsw-act/sydneys-real-estate-boom-is-officially-over-experts-say/news-story/78856755618e37f8cdb3731cec6eca62

    After two years of soaring values and incredible sales results, experts have ruled Sydney’s pandemic-induced real estate boom “officially over”.

  11. ‘I remember discussing negative yields in economics at school 30 plus years ago and the teacher saying we can mostly skip this part of the syllabus as it will never happen!,’ he added.”

    30 years ago the idea of a 6′ 1″ biological male competing as a female swimmer would’ve been inconceivable, in the era of “A Boy Named Sue,” but thanks to the globalists & their Quislings, welcome to #ClownWorld.

    1. 30 years ago the idea of a 6′ 1″ biological male competing as a female swimmer would’ve been inconceivable

      A recap of Women’s History Month:
      -A biological man is declared the top female swimmer in the country
      -A biological man is named woman of the year
      -A female supreme court nominee can’t offer a definition for a woman

      1. Excellent summary. And the majority of women will stick with the Democrats because “at least they aren’t Republicans” or some such “logic”.

          1. I forgot another bullet point: Women are now referred to as “bleeders” and “pregnant people”.

            And dwr is right, many, if not most, will continue to pull the D lever.

      2. A female supreme court nominee can’t offer a definition for a woman

        Or defend her record of lenient sentences for child pornography defendants. These weren’t just pictures of naked children.

        1. Going hard on pedos would be the quickest way to earn the enmity of the Democratic Party and its luminaries like Biden.

      3. nominee can’t offer

        To be fair, she gave the best answer possible: if you are biologically a woman, you’re a woman.

        1. How hard would it be to say “someone with two X chromosomes”?

          Oh, that’s right, “female” swimming champion “Lia” has XY chromosomes. Never mind.

          1. I’m not sure that your definition is completely correct. Immature specimens are called girls.

            I am sure the swimmer dude is not a woman.

          2. XY chromosomes
            Just to remind you all there are human beings running around with sets of XO chromosomes, XYY, XXX and Lord knows what else. XYY’s are as common as 1:1000 apparently normal male births.

  12. ‘It was starting to remind me of where I left many years before. You feel like everyone is out to screw you in a way in a city like Los Angeles. And for the amount I pay to live here, the taxes, the infrastructure falling apart … everything is just like constantly like you’re getting screwed.’”

    Import the 3rd World, become the 3rd World.

  13. When OneRoof asked economists what it would take to see prices plummet to pre-Covid levels, they said while that could technically happen the scenario is highly unlikely and would indicate a huge global problem.

    The “huge global problem” is that the Keynesian fraudsters at the central banks and their globalist Quisling accomplices have turned shelter – a basic human need – into a speculative asset as part of their financialization of everything. Repurposing lampposts would be the best means of fixing this “huge global problem.”

  14. The Fed can’t print oil. Add Houthi missile strikes on Saudi Arabian oil infrastructure to the impact of sanctions on Russian oil. Pain at the pump translates directly into plummeting approval ratings for Brandon & the Democrat-Bolsheviks. Soaring fuel costs could also force the Fed’s hand on interest rate hikes.

    Huge explosion in Jeddah as ‘Saudi Aramco storage facility is hit’

    https://www.youtube.com/watch?v=bFj5nDL0y7o&t=17s

  15. The DNC is reportedly negotiating with Iran for rights to the slogan “Death to America!” for use in the 2024 elections.

    1. I went for a nice drive this morning, and even in Maryland, you don’t have to go far to reach red areas. The other day I saw a new flag: “Don’t blame me, I voted for Trump.” And today I saw a blinking sign outside a stone/concrete supplier: “American soil, American oil, America first.”

      1. today I saw a blinking sign outside a stone/concrete supplier: “American soil, American oil, America first.” Well, that does bet the old red flashing neon sight I saw out in the country saying “SEPTIC TANKS

  16. Insurance Companies refusing to pay out on jabbed deaths, claiming the jabbed knew they were taking a risk. They have twisted this into it being like sucide.
    So,does that mean if you were mandated to take the jab, and you died, you still get denied your insurance policy.
    When Biden and fraud news said injections were safe and effective , , , and informed consent was obstructed , ,no matter they just wont pay?

    Looks like they are putting the burden on the victims to sue the insurance companies.
    Shouldn’t the insurance Companies sue the Entities that gave poison injections to people?
    And since a big cover up on deaths has been ongoing, and vaccinated who died were listed as unvaccinated , how does that fraud play out in terms of playing claims.
    It seems to me, unless a specific disclaimer was put in insurance policies that taking vaccines will disqualify you from pay out, including mandated shots, they are just making up this defense.
    Plus, if taking vaccines disqualifies you from pay out on insurance policies, doesn’t that open up a whole can of worms on the mass vaccination mandated by the Gov. and what other prejudice you receive by taking the jab?
    How about other denials of insurance type pay outs, like injuries, or long term care as a result of the fake vaccine.
    And these cases take so many years to resolve in Court, while the little guy is screwed. Can I now refuse to take the jab because the Insurance Companies say its sucide, and they won’t pay?

    . .

    .

    1. Insurance Companies refusing to pay out on jabbed deaths

      I haven’t seen any credible evidence of this. Everything, including America’s Frontline Doctors, references an unsubstantiated French case. If otherwise, please provide a link.

      1. Not that I don’t doubt that insurance companies will start looking for reasons not to pay out and could very well use the argument that the jabs are experimental and accordingly aren’t covered by their policies.

        1. I seem to recall that that some insurers reported that deaths amongst young adults are way up. They are still paying the claims, as far as I know.

          1. Last I checked, insurance companies hadn’t put 2 and 2 together. As a pureblood, I’ve been following other news that actually impacts my life.

      2. Ok, so input in search engine ,”Life insurance Companies refuse to pay on vaccine deaths”, and about 10 articles pop up on it.
        As you know I was hoping for lawsuits against the Entities that caused the excess deaths.

        1. 10 articles pop up on it

          As I said, AFAICT, everything goes back to the unsubstantiated French case. The repetition of an unsubstantiated claim doesn’t make it true.

        2. Ok, so its one case so far in France where the Judge ruled against payout of life insurance of a person who died from the injection.
          .

          So, I stand corrected that this hasn’t become standard defense yet, but what are the odds, Red pilled that this will be the trend.

          1. Red pilled,
            So, these news articles are reporting on a case that’s not confirmed yet?

        3. lawsuits against the Entities that caused the excess deaths.

          Which brings up a question. When the State of Emergency is declared over, will the jab manufacturers then lose their immunity? Ironic that they got immunity and we didn’t. Anyway, will they stop selling the jab on that day?

    2. Why should insurance companies pay out for taking an experimental drug? That bed was made by those who took the jab willingly.

      The only forced jabbed were kids and mentally handicapped. And God will have His vengeance on those who forced that.

  17. The Fed has released its bi-weekly MBS purchase schedule:
    “March 28 – April 13, 2022 – The Desk plans to conduct approximately $21.5 billion in agency MBS purchase operations over the period beginning March 28, 2022 on FedTrade.”
    https://www.newyorkfed.org/markets/ambs_operation_schedule#all-schedules

    At this rate the Fed is still buying enough MBS per month to rival 2006/07 subprime originations at the height of the last housing bubble.

    1. Even though the FED has ended QE, you will continue to see MBS purchases until sometime in June or so, because these are agreements already in the pipeline. Further, until they actually start QT – quantitative tightening – they will continue to buy MBS to replace those which are rolling off their balance sheet so that their balance sheet remains at the same level.

  18. Globalist media outlets are invoking “Putin’s war” to push a “sacrifice” narrative “for the greater good” as our oligarch lords of the manor lead lives of extravagant excess. “You’ll freeze in the dark and you’ll like it, peasants.”

    https://www.bloomberg.com/news/articles/2022-03-26/putin-s-war-is-changing-the-power-consumption-behaviour?srnd=premium-asia&sref=ibr3A0ff

    Not since Jimmy Carter was U.S. president are governments around the world under so much pressure to ask their citizens to cut energy consumption for the greater good.

    The need for more energy conservation has snowballed. The war in Ukraine is forcing Europe to curb dependence on Russian energy. The post-pandemic economic recovery is creating power shortages in China. The rapid shift to renewables, extreme weather events and sky-high fuel prices are stretching grids from Texas to Pakistan.

      1. Let he who has never sashayed about in assless leather chaps & stiletto heels cast the first stone.

        1. assless leather chaps

          Flashback to riding the NYC subway on a day of the Gay Pride Parade.

          1. Years ago I repossessed a musician’s car from a recording studio, and I delivered it to our office for the ladies to inventory the personal items and complete the paperwork. Later, the ladies informed me that the contents of the truck was filled with gay paraphernalia, a leather “gimp” mask, wands of course, body chains, leopard print jock strap, heels, etc., and the guy drove 60 miles to San Jose to recover his belongings, carefully going through everything to be sure nothing was missing. Apparently he had it all spread out across the office lobby floor. Our locksmith said the ladies marveled at the size of the wands vs the client’s small stature.

        2. Let he who has never sashayed about in assless leather chaps & stiletto heels cast the first stone.

          C’mon, man! They’re just like us!

    1. I think citizens are pretty sick and tired of the “greater good,” especially when the greater good almost always seems to flow one way, from the producers to the takers.

  19. “Most baffling is the absence in almost all of the coverage of Albright’s death of any reference to possibly the most defining interview she gave – and certainly the one that provided the most memorable and appalling of her pronouncements.

    Back in 1996, when she was serving as Bill Clinton’s ambassador to the United Nations, she was asked by the 60 Minutes news show whether she could justify devastating sanctions imposed by the US on Iraq following the 1991 Gulf war.

    The policy had starved Iraq of medicines and food. As the interviewer pointed out, by the time of their conversation at least 500,000 Iraqi children had been killed. Notably, Albright did not try to dispute that figure.

    When asked “Is the price worth it?”, she responded: “We think the price is worth it.” Albright’s decision to press on with sanctions during her years as secretary of state resulted in Denis Halliday, a senior UN official, resigning from his post. Later, in summer 1999, he concluded that as many as 1.5 million Iraqis had died from the sanctions, either from malnutrition or inadequate healthcare. He characterised the policy as genocidal.

    The US and its allies, he said, were “deliberately, knowingly killing thousands of Iraqis each month. And that definition fits genocide.” Hans von Sponeck, who succeeded Halliday, quit two years later. Before his resignation, he observed: “For how long should the civilian population, which is totally innocent on all this, be exposed to such punishment for something they have never done?”

    https://www.middleeasteye.net/opinion/putin-war-criminal-madeleine-albright-no-less

    Globalists gonna globe.

  20. Sounds like a Democrat Party thing:

    “Food banks are feeling strains from inflated prices and increased demand, while President Joe Biden says a food shortage that is “going to be real” looms.

    Food insecurity numbers have been on the rise since at least late Summer 2021, the Washington Post reported, citing the U.S. Census Bureau Household Pulse Survey, which compiles and releases data “on how the coronavirus pandemic has impacted people’s lives.” In early August, the survey showed that about eight percent of Americans who responded said they either “sometimes” or “often” did not have enough to eat.

    The number climbed to ten percent by early February, with thirteen percent of households with children reporting they either “sometimes” or “often” did not have enough to eat.

    https://www.breitbart.com/economy/2022/03/25/report-food-banks-strained-by-increased-demand-inflated-expenses/

    “They’re not sending their best”

  21. Per the globalist Narrative:

    White nationalists in Ukraine: National saviors
    White nationalists in ‘Murica: Boxcars to the gulag

    Polish citizens flocking to shooting ranges to learn to use AK-47s to defend their homes, families, country, and way of life: St. Greta beams down upon thee.

    ‘Muricans possessing “weapons of war” to protect their families, homes, and communities as law and order breaks down, and the globalists’ Democrat-Bolshevik Quislings and Deep State Dobermans use the Constitution for toilet paper: “Hell yes, we’re coming to take your AR-15s and AK-47s!”

    Got cognitive dissonance?

    1. Seems like St. Greta has lost the world’s attention, now that an oil shortage has driven prices up well beyond the pain tolerance threshold.

    2. White nationalists in Ukraine: National saviors
      White nationalists in ‘Murica: Boxcars to the gulag

      And oddly both outfitted in khakis, white shirts and tiki torches.

      1. I wouldn’t compare groups like the Ukrainian Azov Regiment to the posers & glowies of U.S. “alt-right” groups or whatever they’re calling themselves these days. The Azov guys are hard-core ultra-nationalists and their combat prowess, after holding out in their stronghold of Mariupol against a massive Russian offensive & weeks of heavy bombardment, speaks for itself.

        https://www.youtube.com/watch?v=GoqZ8gPKKis

        1. I completely understand that they’re not comparable. It’s the media portrayal I’m calling attention too.

          1. BTW, that Crux video looks like propaganda.

            What doesn’t these days? Anyway, if you want to research the Azov Regiment (or Battalion), there’s plenty of YouTube videos & online articles you can pick & choose from. Suffice to say, they’re on the far right side of the political spectrum. They also share some of the same donors with Zelensky, interestingly enough.

          2. They also share some of the same donors with Zelensky, interestingly enough.

            As does Hunter Biden, specifically Ihor Kolomoisky. I’ve done my research.

  22. China is currently experiencing something like the US market meltdown of 2007-2009.

    The question is whether it will be contained to China’s economy, or spread all over the planet, the way COVID-19 did once it escaped China’s borders.

    Time will tell.

      1. Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing on January 6, 2021. Photo: Bloomberg

        Business / China Business
        Evergrande halts trading of its stock and subsidiaries, raising expectations of an overhaul in the world’s most indebted developer
        – Evergrande’s shares were halted along with the stock of the Evergrande Property Services Group unit and the China Evergrande New Energy Vehicle Group subsidiary
        – Evergrande shares traded at HK$1.65 before the suspension, gaining 3.8 per cent so far this year, as compared to some 90 per cent plunge last year
        Topic |
        China Evergrande Group
        Pearl Liu
        Published: 12:58pm, 21 Mar, 2022
        Updated: 1:46pm, 21 Mar, 2022

        Trading was halted for the shares of China Evergrande Group and two of its units on the Hong Kong stock exchange on Monday, raising expectations of an impending announcement in the restructuring of the world’s most indebted property developer.

        Evergrande’s shares were halted along with the stock of the Evergrande Property Services Group unit and the China Evergrande New Energy Vehicle Group subsidiary, according to filings to the Hong Kong stock exchange, which gave no further details.

        Evergrande, with 1.97 trillion yuan (US$310 billion) of liabilities, said in January it would unveil a plan within six months to reorganise its portfolio of businesses from its core real estate to electric cars, water bottling and even a football club.

        https://www.scmp.com/business/china-business/article/3171230/evergrande-halts-trading-its-stock-and-subsidiaries-rising

    1. The Financial Times
      Corporate bonds
      Evergrande crisis locks Chinese developers out of global debt market
      Industry’s issuance of dollar bonds slows to a trickle in the first quarter of 2022
      A picture of an Evergrande building
      Issuance of dollar debt has dropped as the property sector suffers from a credit crunch © Bloomberg
      Hudson Lockett and Thomas Hale in Hong Kong yesterday

      Chinese property developers’ issuance of dollar debt has come to a near standstill as the escalating Evergrande crisis severs other real estate companies’ access to global capital markets.

      High yield dollar bond issuance by Chinese developers during the year to date is down a record 97 per cent compared to the first quarter of 2021, according to Financial Times calculations based on data from Refinitiv.

      So far just two deals worth less than $295mn in total have gone through, compared with more than $8.7bn in the first three months of last year raised across 30 deals. At the same time, developers’ costs to borrow on international markets has leapt to an all-time high.

      The drought in issuance and soaring borrowing costs highlight how the crisis at Evergrande is bleeding more widely across the market, and may make it prohibitively expensive for companies in the sector to either raise new debt or refinance existing borrowings. Mounting worries about disclosures from property developers have added to the angst.

      “There’s hardly any [deals] being done,” said the head of China debt capital markets at one international bank, who added that even larger, more robust developers were beginning to feel pressure from the lack of ready access to global capital markets. “All of them have some debt maturing . . . we’re definitely not out of it yet.”

      The average yield on a Bank of America index tracking Chinese high-yield bonds jumped to 32.9 per cent in March, beyond the previous high of almost 32 per cent in 2008, at the height of the global financial crisis.

      The index is a gauge of international investor confidence about the health of China’s vast property businesses, several of which defaulted last year as part of a liquidity crisis centred around Evergrande.

      Rising yields, which make it more expensive for developers to access the cash they need to run their highly indebted businesses, also signal a significant further deterioration in market sentiment from early February, when they traded close to 20 per cent.

    2. Maybe the bigger risk to the global economy is Xi launching some kind of military adventurism to rally Chinese around the flag as their property bubble implodes and millions of little feet are a-stompin’. Any invasion of Taiwan or attempt to forcibly uphold Chinese claims in the South China Sea would have huge worldwide ramifications thanks to supply chain disruptions and China’s ability to expropriate “our” manufacturing base the globalists off-shored to the PRC for “shareholder value.”

      1. That too. As Putin is demonstrating, a little military adventurism is a time-tested strategy for distracting your citizens from focusing on a deplorable domestic situation.

          1. Many of us are regular, long time posters here. When I post that “Russia is winning” it is a neutral observation of a war that the globalists are, in fact, losing.

            Russia is winning.

          2. Recommended video: Daniela Cambone at Stansberry Research interviews Jim Rickards. He talks a lot about Ukraine and he thinks Russia is winning too. Don’t be fooled by Russians being stymied(?) outside Kyiv. Putin isn’t really going after Kyiv… yet.

            Skip to 1:20
            https://www.youtube.com/watch?v=AZwjMAs4WbQ

          3. Russia is winning.

            I’m a longtime poster. Looks to me like the invasion of Ukraine was Putin’s biggest, costliest strategic blunder. The Russian military is FUBAR and now they’re in a quagmire.

          4. Putin isn’t really going after Kyiv… yet.

            No extra points for leveling what was once the capitol of Russia.

          5. I suppose it can really bolster a leader’s approval rating if they can summarily toss any citizen who doesn’t approve into the gulag.

          6. leveling

            That would be what our government does. Because Putin isn’t following our playbook, he must be losing.

          7. summarily toss any citizen who doesn’t approve into the gulag

            Like January 6th defendants? Or is that a conspiracy theory too according to your MSM talking points?

          8. While I don’t particularly like Putin, I like GloboHomo even less.

            Could not agree more!!!

          9. While I don’t particularly like Putin, I like GloboHomo even less.

            He’s annoying like Trudeau.

          10. “70% approval rating”

            Everyone loved Hitler back in the day, up until it dawned upon everyone that he was like…Hitler.

          11. Everyone loved Hitler back in the day, up until it dawned upon everyone that he was like…Hitler.

            If, at a certain point, I’m forced to pick between a group (DNC) who tells me I’m inherently bad because of the color of my skin (white), or somebody who accepts me and supports em (Putin?), I’m going to choose the person who accepts and supports me. There are consequences to the DNC’s war on white men.

        1. The difference being, Putin & Russia were a lot more vulnerable to concerted global action and demonization, whereas China not only has the globalists & our captured Republicrat duopoly eating out of its hand, it’s Game Over for the US economy if China nationalizes U.S.-owned factories in China & halts exports of of pharmaceuticals, manufactured goods, etc. No Comrade of Proven Worth (D) with their ideological affinity for the CCP is ever going to demand that we remove Chinese-made products from Walmart, etc.

          1. Russia and the former Soviet satellites provide the porn industry with some of the best performing and prettiest actresses, bar none!

      2. The bigger risk is when your son is a crackhead and you had him doing nefarious deals all over the world that have now become public. That is going to require a really big distraction. WW3 anyone?

        1. When the lapdog media consigns any and all stories of Hunter’s shenanigans to the memory hole, and every D voter has a defective/absent moral compass, there isn’t much risk of damaging Brandon’s reputation or political prospects. Those opposed to corruption would never support Biden in the first place, and to Democrats, corruption and sleaze are just part of their business model.

    3. The Financial Times
      Evergrande Real Estate Group
      Evergrande bondholders threaten to sue after being blindsided by $2bn claim
      Restructuring of highly indebted Chinese developer comes as property sector suffers slowdown
      A resident walks past Evergrande apartment buildings in China
      The world’s most indebted property developer has more than $300bn in liabilities © Bloomberg
      Joe Rennison in New York and Thomas Hale in Hong Kong March 22 2022

      A group of bondholders is moving closer to formal legal action against Evergrande after the world’s most indebted property developer made a surprise disclosure that mystery lenders to one of its subsidiaries claimed more than $2bn in cash.

      A group of distressed debt investors in the US and UK including Saba Capital, Redwood Capital Management and Ashmore met on Tuesday and directed lawyers to begin work on the legal analysis needed to decide whether to take action against Evergrande, according to people familiar with the talks.

      One person directly involved in the situation said investors feel they have “no choice” but to commence legal action and that plans were already prepared. “I think it has massively changed the game,” the person said about the $2bn claim. “The atmosphere in the room is one of boiling blood.”

    4. Where is AlbuquerqueDan when you need someone to put in a hopeful word about Chinas’s prospects to repay its foreign creditors? Given the country’s perennial 8% growth rate, this should be a cakewalk.

      1. ABQ Dan joined a number of other former HBB posters who self-exiled to Butthurt Island after being called out on their BS a few too many times.

    5. Chinese Estates has disposed of more than 630 million China Evergrande shares at a loss of HK$7.9 billion. Photo: Bloomberg

      Business
      Chinese Estates reports US$447 million loss for 2021 as costs of China Evergrande friendship mount
      – Loss mainly due to a decline in dividend income from China Evergrande shares and losses from other equity and bond investments
      – Developer says outlook for the sector remains dim because of an uneven global economic recovery, the Omicron variant, supply-chain snarls and inflationary pressures
      Topic | China Evergrande Group
      Pearl Liu
      Published: 6:00pm, 21 Mar, 2022
      Updated: 8:19pm, 21 Mar, 2022

      Chinese Estates Holdings, a major ally of heavily-indebted Chinese developer China Evergrande Group controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, swung to a loss last year as China’s housing market soured.

      https://www.scmp.com/business/article/3171278/china-estates-reports-us447-million-loss-2021-costs-china-evergrande

    1. The abrupt imposition and acceptance of economic sanctions makes clear that democratic governments do have the power to rein in global corporations and banks.

      Is this a joke? The globalists ARE behind the sanctions. Russia is one of the few obstacles left to their global hegemony.

    2. Globalism is far from dead. It’s as malignant as ever. Can you name a single former Western democracy that isn’t ruled by globalist Quislings?

    3. The Financial Times
      War in Ukraine
      Investors bet Ukraine war will prompt companies to bring production onshore
      Supply disruptions are becoming ‘more frequent and more severe’
      High gas and oil prices exacerbated by the conflict in Ukraine, closed borders and a shortage of semiconductor exports are all likely to lead to an increase in local sourcing
      © FT montage/Bloomberg/Getty Images
      Harriet Agnew in London
      March 25 2022

      Big investors are betting that the war in Ukraine will prompt companies to pull production closer to home in a significant reshaping of global supply chains.

      For decades, broad investment themes have gelled around the idea that cheap offshore manufacturing and slick global supply chains can hold down costs for companies and foster low inflation.

      But the war, with its impact on commodities supplies on top of revulsion at doing business with Russia, has accelerated a rethink.

      1. will prompt companies to pull production closer to home

        Unfortunately, it can take many years to do that.

  23. Heard this 1979 song for the first time the other day, posted it late last night. If there is anyone who is taking a road trip, I mean if there is anyone wo can afford the gas for a road trip this would be a good add for a playlist, it tells quite a story.

    The Road Goes On Forever · Robert Earl Keen

    https://youtu.be/iJRWtKePKuY

  24. There is just so much manipulation going on. Instacart which was just losing money on purpose, re-sets its valuation down 40%. Of course the venture capitalists and hedgefunds have make their money …

    The claimed good side is that the reduced valuation will make their stock grants to new employees much more appealing.

    I just wonder how much craziness (across all industries) is about to happen.

    March 24 (Reuters) – Instacart Inc on late Thursday cut its valuation by nearly 40% to about $24 billion due to recent market turbulence, in an unusual move that shows how public market volatility affects high-flying private companies.

    The new valuation marks a substantial drop from last March, when the grocery delivery firm was valued at $39 billion in a $265 million funding round from existing investors including Andreessen Horowitz and Sequoia Capital, as the coronavirus pandemic was raging and doorstep delivery boomed.

    The company said the updated valuation would help it attract and retain talent in a tight U.S. labor market by aligning new equity awards, effectively issuing more shares to employees at a lower price.

    1. ‘for sheer bootlicking conformist excess and depraved journalist-on-journalist venom the “Russian disinformation” fiasco has no equal, and probably needs recording for posterity before it’s memory-holed via some creepy homage to Severance, or a next-gen algorithmic witch-hunt, or whatever other federally contracted monstrosities are being readied for deployment somewhere far up the anus of Silicon Valley.’

      1. Substack is to Real Journalists as is BitChute to YouTube, the slaves are leaving the plantation 🙁

    1. Hawkins was found with 17 videos and 16 images of child pornography

      This doesn’t even begin to describe what Hawkins did, including uploading 5 videos and communicating with an undercover detective. Nick Rekieta reviewed the complaint.

        1. Rekieta does a deeper dive in another video. Hawkins reoffended 6 years later. It begs the question: how many times did he reoffend and not get caught? KJB is a pedo protector.

  25. So, the guy carrying the nuclear codes for the country with the most nukes is calling for regime change of the guy carrying nuclear codes of the second largest country?

    This should end well.

    1. for the country with the most nukes

      I read somewhere that Russia has more nukes than we do, plus they have hypersonic missiles, and we don’t.

      1. You guys still believe that nuclear bombs are real on this blog? Huh, surprised me.

        It’s worth really looking back at all the fake pictures and propaganda from Hiroshima, Nagasaki, White Sands and all the atolls where they allegedly set off nukes. I had some cognitive dissonance to process when I did it…

        1. What fake pictures and propaganda are you talking about?

          If you have any convincing evidence that nuclear weapons are not real I would certainly like to take a peek at it.

    1. I wasn’t a fan of this song when I was 13 back in 73 but like so many things in life that changed over the years.

      Thanks for posting.

  26. They had better muzzle Headboard Harris and this senile old puppet they installed when they stole the election or high gas and food prices will be the least of our worries.

    White House immediately forced to walk back explosive comment Biden made about ‘butcher’ Putin

    CLEANUP ON AISLE 46

    JOE BIDEN Published March 26, 2022 2:37pm EDT

    Biden says Putin ‘cannot remain in power’ as he assures Ukraine: ‘We stand with you’

    ‘For God’s sake, this man cannot remain in power,’ Biden said during a speech from Warsaw, Poland

    It appeared to be the first time Biden has explicitly called for Putin’s removal and would mark a sharp contrast from prior statements from the White House, which have emphasized that regime change in Russia is not the policy of the United States.

    Shortly after Biden’s address however, the White House denied that Biden was calling for regime change.

    “The President’s point was that Putin cannot be allowed to exercise power over his neighbors or the region. He was not discussing Putin’s power in Russia, or regime change,” a White House official told Fox News Digital shortly after the speech concluded.

    https://www.foxnews.com/

    1. This has been about regime change for a while. The WEF succeeded at regime change in the US, now it’s Russia’s turn.

      1. The WEF succeeded at regime change in the US

        Or are we witnessing its death throes?

    2. The White House staff must be tired of doing damage control after Brandon’s dementia flare-ups cause him to go off-script. Or may divulge things he wasn’t supposed to.

  27. Another fire in Boulder County:

    About 8,000 homes are being ordered to evacuate due to a fast-moving wildfire burning in an open space near the U.S. National Center for Atmospheric Research (NCAR) in Boulder.

    We’ll see how this turns out.

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