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Everything Is Gone, Everything Is Bankrupt, It’s All Gone

A report from Fox 5 New York. “It’s news any seller would want to hear: offers on their home are pouring in, many above the asking price.  ‘The offers are coming in before the homes are even on the market,’ Suzanne Colon at Douglas Elliman. said. ‘We could put a ‘coming soon’ and offers are coming in before people are seeing photos.'”

From Fauquier Now in Virginia. “Dawn Arruda, a real estate agent for RE/MAX Regency based in Warrenton, said that one client she worked with, Ashley Wang, put out eight offers on homes from January to February. But she was rejected every time because someone had outbid her and/or waived their inspections. Wang was finally ready to buy a home in December 2021, but after months of constant rejection she almost gave up because of how competitive the bidding wars for homes had become.”

“Eventually, Wang did purchase a home in Gainesville. But Arruda had to pitch the seller a ‘blind offer,’ meaning Wang would buy the house without ever having seen it. ‘[Wang] got the house for $525,000 but she didn’t have to get into a bidding war,’ Arruda said. And when we got to the house walkthrough, everything was perfect. She was so happy. She was in tears. She was just so thrilled about how the transaction went.'”

“‘But that’s what you have to do,’ she added. ‘You have to get that creative in a market like this.’ Wang noted that without her realtor and lender working together to waive items, such as the finance contingency, it may not have been possible to buy her home. Nonetheless, she said that if someone is serious about buying a home it’s not going to come without risk.”

“‘I think in order for you to be in this market, you almost have to have a sense of desperation or you just really like gambling,’ Wang said.”

From Bloomberg. “Los Angeles Mayor Eric Garcetti blamed high housing costs for the surge of people moving out of the second-largest U.S. city. LA County lost 160,000 residents during the 12 months through July 1, the biggest population drop of any U.S. county, according to a U.S. Census report released last week. That accounted for almost two-thirds of the declines in California. U.S. coastal cities saw the biggest decreases in residents during the pandemic. Aside from the cost of living, factors contributing to the urban exodus ranged from strict lockdown rules to high taxes and safety fears, including rising crime rates. A lower birth rate, slower foreign immigration and increased deaths also played a role.”

“‘You don’t have to be indigent, you don’t have to be homeless to feel that it costs a lot,’ Garcetti said during an interview. ‘If you ask me the question, what are the top three issues facing Los Angeles or California, I’d say in this order: housing, housing and housing.'”

From Lakeland Today in Canada. “Homebuyers in British Columbia will soon be protected by provincial regulations that include a cooling-off period that allows time to back out of a real estate agreement, the provincial finance minister says. Finance Minister Selina Robinson said she is aware of situations where homebuyers felt intense pressure to make a purchase and decided not to get a home inspection in order to secure the sale, with unfortunate results.”

“‘There have been, frankly, what I’ve heard are horror stories of people making purchases, the biggest financial decision of their lives, only to discover it needs hundreds of thousands of more dollars because it’s not livable and it needs significant work and they weren’t aware of that,’ said Robinson at a news conference.”

From CBC News in Canada. “Carolina Abramovich says the investment appealed to both her pocketbook and her conscience. The Vancouver biomedical scientist is one of 120 investors who gave unsecured loans of between $50,000 and $500,000 to the Epic Alliance group of companies in Saskatoon. ‘The story behind the company was great. Try to help investors with their investments while providing, you know, affordable housing in Saskatoon. I liked the fact that they were women and that they were promoting trades for women.'”

“The Epic Alliance group of companies shut down its operations at the end of January. Its investors and property partners learned of the collapse in a 16-minute Zoom call from the company’s founders, Rochelle Laflamme and Alisa Thompson. ‘Everything is gone. Everything is bankrupt, guys. It’s all gone,’ Laflamme said in the Jan. 19, 2022, video.”

The South China Morning Post. “Cash-strapped Sunac China Holdings’ shares tumbled by almost a fifth after the Chinese developer said it would delay publishing its 2021 results and suspend share trading. It follows a slew of mainland developers including China Evergrande Group and Kaisa Group that have said they are unable to meet the financial reporting deadline for 2021. The company’s mainland arm is facing ‘periodic liquidity difficulties in the near future’ and expects that it will not be able to raise sufficient funds to repay the two bonds by their due dates, according to a filing to the Shanghai Stock Exchange.”

From CNBC. “Bondholders are going to be in for some nasty surprises when they check their first-quarter statements in a couple of weeks. Because the losses are piling up. In aggregate, bonds are down about 7% over the past three months–one of the worst quarters they’ve experienced since the 1980s, using the ‘AGG’  bond ETF as a proxy. And yields are definitely not high enough to offset those losses, at less than half of one percent each quarter (AGG yields less than 2% per year).”

“Overnight, the yield on the 10-year U.S. Treasury jumped again, to almost 2.56%. ‘This month has now achieved accumulated Treasury losses to rank among the three worst in the last twenty years,’ wrote FHN Financial’s Jim Vogel in a note to clients this morning. And according to Natalliance, ‘government bonds are on pace for their worst year since 1949.'”

“It all reminds me of what famed investor Bill Miller warned us about several years ago–when people realize they can actually lose money in bonds, they panic. Going into the inflationary 1970s, he said, investors had done so well in bonds for so long they viewed them as essentially riskless, until it was too late. You could say we’re living through a similar period right now.”

“The irony, of course, is that people were warned–last cycle, for years and years, about a bond crash that never panned out. It’s exactly like the boy who cried wolf. Conceptually, the chorus that said the Fed’s massive quantitative easing and the government’s fiscal response to the financial crisis would ultimately cause inflation and crater bonds–well, it turns out they were right, but not then. It’s only now, when those forces collided in a much larger way in response to the pandemic, that we’re seeing it all play out.”

“And the public, like in the fairytale, learned to drown out those cries just at the very moment when the actual wolf showed up. Bill Smead, of Smead Capital Management, literally calls it ‘wolverine inflation.’ The market ‘has been in denial,’ he warned back in January ‘inflation is not a friendly puppy dog.'” 

Related Posts

The Crash Is Here

https://www.youtube.com/watch?v=WC-TbxZlNKM https://www.youtube.com/watch?v=K6oPgxGS310

This Post Has 131 Comments

  2. Eventually, Wang did purchase a home in Gainesville. But Arruda had to pitch the seller a ‘blind offer,’ meaning Wang would buy the house without ever having seen it. ‘[Wang] got the house for $525,000 but she didn’t have to get into a bidding war,’ Arruda said. And when we got to the house walkthrough, everything was perfect. She was so happy. She was in tears. She was just so thrilled about how the transaction went.’”

    “‘But that’s what you have to do,’ she added. ‘You have to get that creative in a market like this.’ Wang noted that without her realtor and lender working together to waive items, such as the finance contingency, it may not have been possible to buy her home. Nonetheless, she said that if someone is serious about buying a home it’s not going to come without risk.”

    You have to be kidding me. Is this the Onion

    1. I enjoy building scale models. I may just have to build one up, say a one-inch scale Victorian, and list it with one of these blind offer deals.

      1. The saddest part is the tone of the article is accepting and somehow rationalizes pure stupidity as “just what you have to do” rather than saying outright this person deserves the hose again.

        1. ‘When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance.’
          — Citigroup’s Chuck Prince
          July 10, 2007

          1. “But as long as the music is playing, you’ve got to get up and dance.”

            Real Estate is the prettiest girl at the dance!

        2. Last decade one of the concepts that became a sign of mania was writing offers on the car hood. Now:

          UHS – there’s a shack for sale in New York.

          “I’ll offer 500,000 pesos, and make a video of my first born with yer name tattooed on his face! Top that.”

          1. “Last decade…”

            Hard to believe it, but I think that was already two decades ago.

            Time flies when you’re having fun!

      2. “…I enjoy building scale models. I may just have to build one up, say a one-inch scale Victorian, and list it with one of these blind offer deals…”

        Why even bother with physical anything?

        I going to build a mega-mansion in the meta-verse.

        Send me money now, before the ‘smart money’ outbids you.

          1. I see your bid & raise it 50,000 quatloos on the newcomers.
            loser must watch amy schumer stomp grapes into Tranya inside a large barrel.

            sober

    2. “’A listing for $475,000 opens everybody else up for a bid war because now people know that the property [appraised at $500,000] is selling below [market value]…” she said.”

      Yep, that’s exactly what it does. It sucks in ignorant pukes and pits them against each other. Here, see for yourself …

      “’Now your base is at $500,000 and the next person is going to say, ‘Okay, well I waive everything and then we’re going to add an additional $20,000. That happened multiple times when the house was listed at $475,000 and I got beat out by cash at $540,000.’”

      Two things resulted from this:

      1. The previous “market price” of $500,000 was immediately and magically jumped up to $540,000. This increase of market price magically created $40,000 of equity wealth for the comps.

      2. Each time she was “beat out” the emotion of FOMO in her being was strengthened as it was with all the other bidders who were beat out. These beat out bidders then descended on the next “underpriced” listing and immediately started another bidding war which in turn created more equity wealth and further strengthened theIr emotions of FOMO.

      1. Your magical Wealth Effect sounds a lot like getting something for nothing, by creating money out of thin air.

        And you know what they say about that: Easy come, easy go.

  3. ‘offers are coming in before people are seeing photos’

    I have no idea if this is true. But just the mention of it screams bubble.

    2. It also screams Greater Fool, and tomorrow’s foreclosure victim and Democrat-sponsored Save Our Homes bailout recipient class.

    3. I thought it was crazy when I found out people were buying new cars without test drives. Like, as a bare minimum, how do they even know the seats don’t suck for them?

      It’s impossible to not get more cynical at people, with age.

    1. Dave in SC I believe posted months and months ago that PPP was going to turn out to be the biggest fraud in the history of the country and that the stories will eventually start trickling out and people will be shocked at the scale of it.

      I’d say he was prescient but I think it was obvious pretty early on that this program was basically a Brinks trunk going down the highway with the back doors wide open and money flying out.

      They say that padlocks aren’t meant to keep out thieves but are to keep honest people honest, there was no padlock on the PPP. I think a lot of “honest” people were in on the skim too.

  5. Repost from the last thread.

    Google is erasing President Donald J. Trump (2m36s):

    https://www.bitchute.com/video/5U0UxqNkf8Hj/

    Google are globalist scum. And if you are still using Google and any of their services, you are part of the problem.

    Google is all censorship and lies. The 2020 Burn Loot Murder riots, the 2020 stolen election, the phony January 6th insurrection, the phony vaccines, and now the phony war, Google censors and lies about all of it.

    1. Google is the same company that can’t acknowledge Easter as a Christian holiday, because they are globalist filth.

      They celebrate the birthday of every alleged “inventor” that nobody has ever heard of or cares about, but for the holiday celebrating the resurrection of Christ, they’ll display a picture of a daffodill.

      Anti-Christian, anti-American, anti-humanity globalist scum.

      “They’re not sending their best”

  7. “U.S. coastal cities saw the biggest decreases in residents during the pandemic.”

    Sounds like our community in San Diego County. It’s hard to believe how many families we have known for decades who either very recently left or decided to bid the Golden State farewell in the near future.

    1. “recently left or decided to bid the Golden State farewell in the near future.”

      Jupiter Florida is bursting at the seams with people moving here including my neighborhood which includes a new homeowner with California plates who recently purchased a shack at such an obscenely inflated price it took my breath away and still has me shaking my head,

      Another California refugee I know of bought in a near by Tequesta neighborhood not long ago at what I thought was the ultimate in a stupidly high price but my new neighbor cheated them out of the top spot like that dude bumped the girl out of her win in the Women’s 500-yard freestyle at the NCAA women’s swimming and diving championships.

        1. The massive amount of polling shows otherwise. FL is the freest state in the Anglosphere and is attracting conservatives by the tens if not hundreds of thousands.

      2. Millions of new bidders are streaming across the border to compete in a neighborhood near you. Not only is English their second language but the dollar is their second currency and they are rarely fluent. The feds give them some starter cash and it’s off to the races. You will own nothing so that they can replace you.

        1. They’re living in the slums and barrios and formerly white working class areas. It’ll be seven or eight generations before their descendants leave the working class, if ever.

          It took my family of eastern euros 5 generations, me, to move up ever so slightly from the middle class. My grandfather tried his hand at a barbers license just to pay the bills. I have a professional license.

          If these people and their culture of gangs and non-assimilation think they’re gonna take over the US they are gonna have to steal it from my descendants cold dead hands.

  8. “Conceptually, the chorus that said the Fed’s massive quantitative easing and the government’s fiscal response to the financial crisis would ultimately cause inflation and crater bonds–well, it turns out they were right, but not then. It’s only now, when those forces collided in a much larger way in response to the pandemic, that we’re seeing it all play out.”

    ‘Anything that cannot continue forever will end.’
    — Herbert Stein’s Law

    1. How many of the Fed’s seven projected rate hikes will actually happen? I think by the end of the summer the FIRE economy shills like Jim Cramer will be screaming for rate cuts.

      Is it too late to curb inflation? Has government debt issuance reached terminal velocity where increases in rates just force the government to borrow more money to pay interest leading to a vicious cycle of money printing?

      On another note, I had two increases at the grocery store this week. The bags of mini avocados went from 3.99 to 4.99 and dandelion greens went from 2.49 to 3.49. A couple of weeks ago small frozen scallops went from 7.99 to 8.99 up from 5.99 about 18 months ago.

      1. The market is raising mortgage rates. Right now the only loans that are charging more than inflation are credit cards. And Chinese developer junk bond yields, since the crater began.

      2. “I think by the end of the summer the FIRE economy shills like Jim Cramer will be screaming for rate cuts.”

        Exactly. Cramer talks capitalism, but his philosophy is bailouts for the executives of corporations and institutions whose coffers have been emptied for their own personal enrichment.

      3. Is it too late to curb inflation?

        How could it be too late to stop increasing the money supply?

        Is it too late to prevent cascading debt defaults?

        2. It could be too late because the government is going to continue growing the debt and the interest on the expanding debt is going to require even more debt and money issuence.. It’s not a new story. It’s happened many times. So the question is, are we in that situation? One could negate the question with the hypothesis that the government is going to reduce deficits and debt but this seems to be the most unlikely of all outcomes.

    2. The debasing of the currency ie inflation got so bad during the late Roman Empire they instituted price controls based on bartering values. 2 sheep worth 4 goats worth 1/3 bushel of grain etc. that actually laid the foundation for serfdom and feudialism in continental Europe because peasants were tied to the land/country villa to produce quotas for goods. when Barbarians invaded and broke up the empire and trade networks most feudal estates were somewhat self sustaining. Not sure that will happen these days but high inflation leads to major problems. I read an article the other day about Venezuela. The food shortages were in cities. Rural areas kept producing food as always but sold it or bartered it away instead of shipping it into cities.

  9. ‘investors had done so well in bonds for so long they viewed them as essentially riskless, until it was too late. You could say we’re living through a similar period right now’

    Here’s a simplistic way of looking at it: nothing is risk-less. Guberments are run by fooking idiots who stick around for a while, stuff their pockets and disappear. Same with central bankers.

    Oh we were warned! Buying some paper that you have pay interest on to loan is nuts. Big surprise! My favorite example was a few years ago. People were going on about negative bond yields and somebody mentioned Spain was selling 50 year bonds at 3%. Now what is the chance that Spain is going to default in 50 years? Pretty high looking at history. So to put billions into that scenario one has to be expecting a:

    GREATER FOOL!

  10. “And the public, like in the fairytale, learned to drown out those cries just at the very moment when the actual wolf showed up.”

    In my version of the story, the animal that suddenly appears is a bear. And nobody could have seen it coming.

  11. ‘There have been, frankly, what I’ve heard are horror stories of people making purchases, the biggest financial decision of their lives, only to discover it needs hundreds of thousands of more dollars because it’s not livable and it needs significant work and they weren’t aware of that’

    I love a good shack gambler horror story to start the day.

  12. ‘The story behind the company was great. Try to help investors with their investments while providing, you know, affordable housing in Saskatoon. I liked the fact that they were women and that they were promoting trades for women’

    Carol, meet financial face plant:

    ‘Everything is gone. Everything is bankrupt, guys. It’s all gone’

    1. ‘I liked the fact that they were women and that they were promoting trades for women’

      Sounds like they figured out how to lose boatloads of money.

    3. 120 investors who gave unsecured loans of between $50,000 and $500,000 to the Epic Alliance group of companies in Saskatoon. I liked the fact that they were women and that they were promoting trades for women’
      What is the best way to explain/describe this: Go Woke Go Broke or Stupid should hurt. I am undecided.

      2. How about this:
        Q: Can you define what a Ponzi scheme is?
        A: No, none of us are registered investment professionals.

        Everyone in that article is trying so hard to ignore the Ponzi in the room. Clown world.

      2. My great grandfather was a founding father of Saskatoon, having left a nice, middle-class home in England. He spent his first winter in a hastily- built sod house where the sods shrunk and left a three-inch gap between the walls and the roof, open to the elements. Fun times!

    6. The details in the article are mind-bogglingly (scary or crazy) nuts

      – 1 pager
      – provide $50K to 500K
      – stated rate of return at least 15%
      – no specific purpose for the funds provided

      The 1-pager was probably printed on pink paper and you had the option to sign in glitter (jk ing).


      Russell, the lawyer representing investors, detailed in a law brief supporting the application how it appeared the three Epic offerings overlapped and worked together. His analysis of these relationships is supported by online promotional material from Epic Alliance.

      The company built up its $10 million pool of capital over eight years by enticing people to give Epic between $50,000 and $500,000 in exchange for a promissory note.

      The single-page notes, of which multiple examples were provided in affidavits, were models of simplicity. They featured the loan amount, when the term began and ended, and the interest rate.

      The rate of return varied from 15 to 20 per cent.

      “You have a pool of unsecured funds that can be used for whatever. There’s no specific purpose given for those funds when they’re loaned,” Russell said.

  13. ‘government bonds are on pace for their worst year since 1949.’

    I wonder what that might portend for mortgage rates?

    Or stocks? Could get interesting this year, come October (aka Crash Month).

    2. I think Black Friday is coming early this year.

      Evidence is everywhere. I read new car sales are sinking like a turd. The article suggested that the average new car buyer has a household income of $132,000 the highest ever recorded.

      So basically only rich people can afford new cars!

      Hard to keep an economy going like that!

      It’s like 400 ad and only rich people can afford horses!

  14. Wang was finally ready to buy a home in December 2021, but after months of constant rejection she almost gave up because of how competitive the bidding wars for homes had become.”

    Jerome Powell & Yellen the Felon see no housing bubble.

  15. “Bondholders are going to be in for some nasty surprises when they check their first-quarter statements in a couple of weeks. Because the losses are piling up. In aggregate, bonds are down about 7% over the past three months–one of the worst quarters they’ve experienced since the 1980s, using the ‘AGG’ bond ETF as a proxy.

    What kind of moron “invests” in monetized debt that’s going to be printed away by the Fed?

  16. “And the public, like in the fairytale, learned to drown out those cries just at the very moment when the actual wolf showed up.

    Dumb ’em down & profit, indeed. ‘Murica’s national descent into IDIOCRACY is complete.

  17. ‘If you ask me the question, what are the top three issues facing Los Angeles or California, I’d say in this order: housing, housing and housing.’

    And the solution is ever so simple: relocation, relocation, relocation, to another state or country.

    1. The top three issues are that it exists in the first place. We’re going to build a wall… around California.

    2. When a Supreme Court nominee can not answer the question of what is a woman, that confirms the absolute depravity and moral rot of the Democrat Party.

      “They’re not sending their best”

        1. If Kindergarten Cop was released today there would be LGBTQ protests outside every showing because of that line.

  21. From Fauquier Now in Virginia. “Dawn Arruda, a real estate agent for RE/MAX Regency based in Warrenton, said that one client she worked with, Ashley Wang, put out eight offers on homes from January to February. But she was rejected every time because someone had outbid her and/or waived their inspections. Wang was finally ready to buy a home in December 2021, but after months of constant rejection she almost gave up because of how competitive the bidding wars for homes had become.”

    neck.deep.appraisal.fraud.

    1. Those Russian soldiers were executed in slow-motion, bled-out via large arterial leg wounds withing a few painful minutes. This is likely payback for targeting Ukrainian civilians. However, the Ukrainian fighters are using guerilla tactics, e.g., carrying a change of civilian clothing in their rucksacks and using churches, hospitals and schools as staging areas, so they have brought this carnage to the civilians they claim to be protecting. That’s why it’s called “war.”

      1. If they had intended these Russian soldiers to live and no longer participate as fighters they would tighten their boots to reduce the bleeding and put a round through each foot.

      2. “likely payback for targeting Ukrainian civilians.”

        If that was the case.

        I had seen and heard that the Ukrainian Military was putting military equipment and soldiers in civilian neighborhoods and buildings for safety, propaganda or both. but for some reason it no longer shows up in any search.

          1. “but for some reason it no longer shows up in any search.”

            I stand corrected.

            Not surprisingly, it didn’t show up on my Google search.

        2. You can bet your ash that Russian special forces in civilian clothing have been riding motorcycles and quietly performing reconnaissance throughout Ukraine gathering photos embedded with GPS coordinates.

      3. This is likely payback for targeting Ukrainian civilians.

        What makes you think the Russians are “targeting” civilians? Is it the MSM?

        1. “What makes you think the Russians are “targeting” civilians?”

          If a Ukrainian soldier has constructed a sniper’s perch from a room in a high rise multi-family building then:

          1. Raze the building filled with civilians with a 2,000-kg bomb?

          2. Destroy the room and sniper with a rocket propelled grenade?

          3. Avoid the area until the sniper moves on?

          But sure, dead civilians are “collateral damage” just like when the U.S. kills a high value terrorist with three precision guided 1,000-lb bombs.

          1. a sniper’s perch

            Do you believe that is in general how the war is going? One sniper in an apartment block filled with families flattened? Your question implies that the answer is obvious and that I should know.

    2. via The Last Refuge/Conservative Treehouse

      “Keep in mind, U.S. taxpayers are giving these Ukraine military terrorists more than $15 billion in direct financing to conduct their torture activities.”

      1. Any alleged U.S. citizen who supports this phony war should have their citizenship revoked, and all of their assets confiscated before they are deported.

        “They’re not sending their best”

      2. “Keep in mind, U.S. taxpayers are giving…”

        Brandon’s quid pro quo. He has to get involved to reciprocate that $100k/month sinecure that his playboy son accepted.

        1. Whether it’s financing neo-Nazis, oligarchs or Congress critters, they’ve got a PR problem.

    3. “Zelenskyy Worried About Western Financial Support After Video Surfaces Showing Ukraine Military Torturing Russian POW’s”

      So the Drag Queen dancing President thinks the “heroes” of the Soros Nazi division in the Ukrainian Army shooting handcuffed POW’s in the groin on camera might be bad for business?

        1. Civil War theme: Just like our southern states, Ukraine wants to secede from Russia, our Northern states. Putin, like Lincoln, says no way. 🙂

          1. That seems odd. What I heard is that Russia set Ukraine off on its own when it dissolved the Soviet Union and that two eastern states of Ukraine wanted to leave Ukraine, for reasons, and that Ukraine has been bombarding them for years.

            I just asked where you are getting these stories. I have grown so weary of our corrupt corporate media in the US that I don’t even glance at them, so am “uninformed” I guess.

            A friend told me that Don Lemon is over reporting the war, which I find hilarious. “Here’s your promotion, if you want it!” Don’t know if it’s true though.

          2. Ukraine wants to secede from Russia

            Ukraine is not a united country. The 2014 US-backed color revolution sparked a civil war between the anti-Russian Ukrainian government and the ethnically Russian regions, notably in the East. I strongly suggest you watch Ukraine on Fire.

          3. Don Lemon

            Last I saw he was in Lviv, where there relatively isn’t as much action.

          6. “Ukraine is not a united country.”

            I realize that, and I have been watching their story since 2014 when flight MH17 was shot down by a Russian Buk missile system. I agree with John Mearsheimer’s assessment of Ukraine, and his reasoning for a non-NATO buffer zone of the former Soviet satellite countries, and that the issue there is of our own making.

    1. “Realtors are liars, first and foremost.”

      Like Tonto told the Lone Ranger after he bought his first Wigwam…

      Realtor speak with forked tongue.

  25. This bubble is on a whole different level than the last one, which looks like a warm-up act by comparison. This is the most irresponsible, reckless, piss-poor way imaginable for a central bank to conduct its policies.

    The destruction on a social level is immeasurable. 35% moves in the price of houses in 12 months is insanity. And then these fiscal tough guys start calling themselves “disciples of Volcker” after a quarter point rate hike. They’d have to hike 10% tomorrow to even make a dent in inflation. The future looks very, very bleak.

  26. Russia Today — Biden proposes largest-ever US military budget (3/29/2022):

    “Joe Biden has proposed the largest-ever military budget, asking Congress for $813.3 billion in the coming year – $31 billion more than the budget approved for 2022. Lawmakers are likely to add even more funding, as representatives from both parties have complained it doesn’t go far enough because of inflation.”

    https://www.rt.com/news/552868-biden-pentagon-record-budget/

    The United States is a bankrupt empire in terminal decline.

  27. There are no Democrats or Republicans, only sh!tbag globalist warmongers. It’s time to flush the whole lot.

  29. Shock Video: Film Crew Beaten, Robbed at Gunpoint in San Fran
    $35,000 of gear swiped during brutal heist

    By Dan Lyman Tuesday, March 29, 2022

    A film crew from Canada was beaten and robbed at gunpoint in San Francisco last week, according to reports.

    The disturbing incident unfolded at around 6 p.m. on Friday evening at Twin Peaks, a neighborhood overlooking the Bay Area in California.

    A group of filmmakers was ambushed by armed suspects in a parking lot along the scenic route, KPIX reports.

    The vicious robbery was captured on camera by a witness and shared on social media.

    comments

    26 seconds ago

    The feral hood rats strike again. Nothing like libturds getting a beat down….maybe someday they will wake up from their trance and realize black lives don’t really matter.

    29 minutes ago
    Is another Summer of LOVE upon us? smh

    8 minutes ago
    In rural Texas, we don’t have these issues very often, for some reason.

    Let’s keep it that way.

    Jackfroot
    @jackfrootnews
    🚨 Another robbery caught on video. 3 Canadian filmmakers were robbed in broad daylight for over $35,000 dollars worth of equipment at gunpoint at Twin Peaks in #SanFrancisco. They lost a lot of footage and videos they captured. #SF #bayarea

    https://twitter.com/jackfrootnews/status/1507920378311684098?s=20&t=haXp5ZqAwI9FxGRKZBVERg

    1. Vote like California, become California.

      Oh, wait. This is California.

      Good luck with those new California transplant neighbors. Colorado is about a decade ahead of Florida regarding the consequences of California voting patterns infesting other states.

      “They’re not sending their best”

      1. Hopefully at some point SpaceX can make launches so cheap that we can send them on one way trips.

        1. These guys aren’t doing petty larceny in this video; that’s armed robbery. And the car’s license plate is recorded too. Heck, these guys are headed to state prison for at least five years, maybe more!

  30. CNBC — Top FDA official says fully vaccinated Americans may need more Covid shots this fall (3/29/2022):

    https://www.cnbc.com/2022/03/29/top-fda-official-says-fully-vaccinated-americans-may-need-more-covid-shots-this-fall.html

    No article excerpt needed.

    The globalists will declare the new CCP Flu variant just in time with the phony war and out of control hyperinflation to steal the midterm elections.

    You will never be anything more than cattle to these people. The World Economic Forum are the “Great Reset” leaders of the forced return to slavery, and genocide.

    1. What kind of an ignorant puke must somebody be to accept getting 5,6,7 shots and boosters? A VERY SCARED ignorant puke.

      1. I know plenty of people who will stampede to the jab center when they are told to do so. I have a relative who “doesn’t trust the government”, yet he is triple jabbed and has nagged me repeatedly to get the kill shot.

    2. globalists will declare the new CCP Flu variant just in time

      It looks like they are headed into a Perfect Storm of disaster and disrepute. More Pandemic isn’t a success. Unaffordable or unavailable food isn’t a success. Biden Family corruption and grift bedtime stories are legendary, but not in a good way. How the Globalists pull all that out of the crapper is beyond my imagination.

      1. It looks like they are headed into a Perfect Storm of disaster and disrepute. More Pandemic isn’t a success

        They’re gonna need a bigger ballot box stuffer.

    1. The Financial Times
      US Treasury bonds
      Strains in $23tn US government debt market intensify as Fed tightens monetary policy
      Treasuries set to post worst quarter of returns since at least 1973 on inflation and rate rise fears
      The Federal Reserve’s unwinding of pandemic-related measures have left some investors worried long-term problems with the Treasury market could resurface © FT montage
      Kate Duguid in New York
      an hour ago

      Investors’ ability to trade US government debt has deteriorated to its lowest point since the ructions of March 2020, deepening worries about the world’s most important bond market as the Federal Reserve tightens monetary policy.

      Liquidity, or the ease of buying and selling, in US government securities has dropped since the beginning of this year, reaching levels not seen since the first months of the coronavirus crisis, according to an index compiled by Bloomberg.

      The deteriorating trading conditions have exacerbated this month’s price swings, with investors increasingly concerned about how well the market will function as the Fed starts reducing the size of its $9tn balance sheet.

      Treasuries are already on course to post their worst quarter since at least 1973 after the Fed raised interest rates for the first time since 2018 this month in its attempt to battle inflation, which is running at its highest level in 40 years. It has also halted its crisis-era bond-buying programme.

      At the same time, war in Ukraine has prompted several jolts of volatility in Treasuries in recent weeks. Such intense volatility is unusual and concerning in the $23tn market, widely considered the deepest in global finance, traders and investors say.
      …

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