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Savvy Investors Will Walk Away When They Deem The Value To Be Less Than The Mortgage Balance

A report from Bloomberg. “U.S. home prices shows signs of becoming ‘unhinged from fundamentals’ like they did in the housing bubble that preceded the 2008 crash, according to a blog post by the Dallas Federal Reserve bank. ‘Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early 2000s,’ the Dallas Fed researchers wrote, citing data to measure “exuberance” on property markets that they’ve developed with scholars around the world as part of the International Housing Observatory.”

“The measure suggests that ‘the U.S. housing market has been showing signs of exuberance for more than five consecutive quarters through third quarter 2021,’ they wrote. The surge in home prices has continued since then. The Dallas Fed researchers’ index is based on economic variables such as disposable income per-capita, housing rents and long-term interest rates. Their main takeaway is that since the beginning of 2020, price-to-rent ratios have soared beyond what those ‘fundamentals’ alone can explain, and moved into the ‘exuberance’ stage.”

“They also found that the surge in disposable income due to pandemic-related fiscal and monetary stimulus, as well as reduced household consumption because of mobility restrictions, may have lessened its usefulness as a gauge — suggesting that any bubble may be more advanced than those numbers suggest. ‘The price-to-income ratio measure alone may produce overly conservative results when identifying housing market bubbles,’ the researchers wrote.”

From Reuters. “The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors rapidly repositioned for the Federal Reserve to take more aggressive action to contain inflation, a survey showed. The Mortgage Bankers Association said the contract rate on a 30-year fixed-rate mortgage shot to 4.8% in the week ended March 25 from 4.5% a week earlier. That was the largest one-week increase since February 2011, and it brought mortgage rates to their highest level since December 2018.”

“Mortgage rates have now climbed by nearly 1.5 percentage points since the start of the year, the most rapid run-up in home borrowing costs since 1994.”

From Bloomberg. “Corporate Bonds Lost $1 Trillion and There’s More Trouble Ahead.”

From Bisnow. “Ominous music is playing for owners of older office buildings in Chicago and New York City. In the last two weeks, owners of Class-B office properties in both cities have handed the keys to their buildings over to their lenders, much as owners of Class-B malls have elected to do in recent years. The Windy City’s office market is a microcosm of the concerns around cold-weather, higher-cost office markets that lost population during the pandemic. Nearly 11% of its $8.28B office CMBS balance was in special servicing in February, according to data Jellinek analyzed, compared to the national average of 3.1% in February.”

The Worcester Business Journal in Massachusetts. “A 117,000-square-foot office building in Framingham leased to renewable energy firm Ameresco sold for $13 million on Wednesday, according to Kelleher & Sadowsky Associates, Inc., the Worcester-based real estate firm who will be the leasing agent for the building going forward. The Framingham property was formerly owned by TA Realty, another Boston-based real estate firm, which bought the building in 2015 for $22.7 million.”

The Bellingham Herald in Washington. “The owner of Bellis Fair has defaulted on a $77 million loan secured by the mall, according to global credit ratings business DBRS Morningstar. The commercial mortgage-backed securities loan, with $77 million remaining on $93 million, defaulted in February and was transferred to Midland Loan Services Inc., according to Steven Jellinek, head of CMBS research at DBRS Morningstar. Brookfield’s options include negotiating a loan extension or simply walking away, Jellinek wrote.”

“‘Generally speaking, large savvy investors like Brookfield will walk away from malls where they deem the property value to be less than the mortgage balance,’ Jellinek wrote.”

The Financial Post. “Interest rates are beginning to rise around the world as central banks work to rein in inflation that’s soaring to heights not seen in decades. When the U.S. Federal Reserve raised rates in 1994 it achieved a soft landing for the U.S. economy, but sparked economic crises in Mexico, Asia and Russia that lasted the rest of that decade, writes Neil Shearing, chief economist at Capital Economics. Emerging markets ran into trouble because they had borrowed large amounts from overseas and when rates rose and their currencies fell against a stronger U.S. dollar they got squeezed.”

“This time around, Shearing and his team of economists argue, the risks lie in housing markets. ‘You don’t need to look far for evidence of froth in the residential property market,’ says Shearing, with global home prices running well above their trend in what looks ‘alarmingly similar’ to the run-up to the 2008/2009 financial crisis.”

“Capital singles out Canada as especially vulnerable because its economy has relied heavily on residential investment and New Zealand where the relationship between house prices and consumer spending is strongest. ‘Monetary tightening cycles in the past have been associated with problems for emerging economies. This time though, it is property that may prove to be the weakest link,’ wrote Shearing. Today there is less leverage; instead high home prices have been supported by cheap borrowing costs. The downside is that housing markets are now more vulnerable to rising rates.”

The Associated Press. “A troubled Dubai real estate developer said Monday it suspected that $42 million had been ‘misappropriated’ by the company’s former officials while saying it massively overvalued its holdings, declaring nearly $800 million in accumulated losses in recent years. The announcement by Union Properties comes as Emirati prosecutors announced in October they were investigating the firm. Already, the firm’s board of directors has seen its chairmen and other officials dismissed amid the probe.”

“The losses represent nearly 70% of the company’s capital, the firm said in a filing. It attributed $565 million in value losses in 2017, with another over $300 million in 2021.”

From Malaysia Now. “A lack of commercial development in areas with new housing projects appears to be one of several factors contributing to a shortage of demand among buyers, leaving units in such sites at risk of remaining unsold. This is a concern not only among developers but for real estate agents as well. Checks by MalaysiaNow at several large cities in the centre and south of the peninsula have found this to be largely true. A drive from Johor Bahru to the Klang Valley reveals a number of housing areas along the highway that appear comfortable and even luxurious but are dotted with ‘For Sale’ signs.”

The Bangkok Post in Thailand. “Residential developers should be more careful in terms of unveiling new launches this year as their plans represent the highest level recorded in more than a decade, while unsold inventory could exceed 1 trillion baht, leading to a high level of risk, according to Asia Plus Securities. Therdsak Thaveetheerathum, deputy director of the research division, said 342 projects worth a total of nearly 448 billion baht of new residential supply are scheduled to be launched in 2022, derived from 18 listed developers.”

“When combined with ongoing projects under development, which had unsold inventory worth a total of 557 billion baht from 14 listed firms as of the end of 2021, the amount of available supply would exceed 1 trillion baht for the first time in history. ‘Supply will be too great, even though purchasing power still remains in the market,’ he said. ‘Developers should be wary as demand will be not as high as in 2018.'”

The Financial Times. “Big Four accounting firm PwC, which audits more than a dozen listed Chinese developers, is under investigation in Hong Kong over its Evergrande audit. It and Deloitte have resigned as auditors of at least five Chinese developers in the past three months. Shimao, one of China’s largest property companies, said last week that PwC had resigned after it did not provide information related to ‘trust loan arrangements,’ a form of financing often used by mainland Chinese developers.”

“A total of 10 developers have announced they are delaying their audited results before a March 31 deadline after the sector was hit with a series of defaults. Big Four auditors have signed off on the accounts of China’s real estate developers for years despite warning signs that they might not be able to meet their large financial obligations.”

“‘We’re kind of in uncharted territory here,’ said Nigel Stevenson, a Hong Kong-based analyst at GMT Research. ‘I can’t remember in my time in Hong Kong a situation where you’ve had so many companies from a sector delaying results.'”

“Kaven Tsang, senior vice-president at Moody’s, pointed to the example of Hong Kong-listed developer Logan Group, which in February indicated that it had around $US1 billion in offshore guaranteed debt that had been previously undisclosed. ‘We want to understand more from the latest audited results if there is anything like this in the other developers’ situation,’ he said.”

“Auditors are at increasing risk of legal action in connection with the turmoil in the Chinese property sector. One bondholder in a major Chinese property developer said that his investment company was exploring whether it could bring professional negligence claims against the developer’s auditors. He added that financial risk to auditors relating to their developer clients was ‘abnormally high’ because of ‘the huge numbers involved in these defaults.’ All the property developers whose Big Four auditors have resigned have replaced them with smaller and in some cases local audit firms.”

The Daily Mail on Australia. “Sydney’s out of control property sector is finally showing signs of slowing down, potentially opening the door for young families and first home buyers who have been locked out of the market during the pandemic boom. Real estate guru Tom Panos told Daily Mail Australia ‘we’ve gone from a nuts to normal market’ with prices declining for the first time in 17 months in February. He expects March data to continue to show a further drop off with noticeably less people attending auctions and inspections, and a larger number of sellers forced to to reduce their reserve price.”

“‘If you have a property in the bottom 25 per cent of a suburb, you’re being impacted,’ the acclaimed real estate coach said. If you are on a busy road, you’re being impacted. If you are not in the right school catchment areas you’re being impacted. ‘I did an auction on Saturday at a property that ticked all the boxes but it had power lines nearby. So when the market changes, all of a sudden things like power lines, it matters.'”

This Post Has 134 Comments
    1. Clown World is right. Phew!

      FWIW, the LGBTQIA acronym stands for lesbian, gay, bisexual, transgender, queer or questioning, intersex, and asexual.

      1. There are only 2 sexes/genders: Male and Female
        There are an INFINITE number of Sexual Orientations. If you want to be unique in this world and seek attention, just make up a new Sexual Orientation!

        1. Not at the doctors office. I had to fill out the intake paper work at the physical therapy office. They listed 5 “genders”. I simply bubbled it and arrowed “WTF?” Handed it to the broads behind the desk. 30 seconds later they burst out laughing.

        2. The B in their acronym would suggest that they define only two sexes. These people are batshit crazy.

    2. I wonder how long until Disney “princesses” in the park are portrayed by men.

      Gee, Snow White, why do you have five o ‘clock shadow?

    3. It’s obvious what the ultimate goal of the left is: Too eliminate the term of “Sexual PERVERSION”. The only two things that need to be made “normal/not deviant behavior” are Pedophilia and Bestiality.

      Funny how the only psychological behavior that can’t be ruled not normal (as in no code in the DSM-5) are the ones related to sex. Why not also include anorexia nervosa and schizophrenia as being “normal”? What about depression?

      Face it, sexual perversion is as old as the Bible. And the perverts are winning since they have almost removed all traces of sexual perversion from our language and culture.

      1. You forgot necrophelia i.e. sex with corpses.

        WRT the Bible, the language to describe this is “abomination.”

      2. perversion is as old as the Bible.

        Without religion, perversion is a meaningless concept. Without faith, people are an “empty house” and any sort of grotesque thing can come in to rule. I think that’s the aim.

        1. That’s it, the left/liberals/progressives/Dems hate Christianity and don’t believe in morality. Without any standards, then anything and everything is okay with them. Unless you worship at their “church” of “tolerance”, they hate you and want you dead.

        2. Natural law is good enough without religion. Some religions promote polygamy. But natural law and raising children is geared towards monogamy. Society and individuals chose not to obey natural law and suffer the consequences.

      3. Also incest. If an adult brother and sister or first cousins want to pleasure one another, why should the government get involved?

        1. Natural law of incest ultimately produces retards and deformed children. Some same the consanguinity of middle eastern tribes marrying first cousins is the cause of low IQs in the Middle East.

          1. I visited relatives in this English city (Bradford) in the 70’s. I asked wth was going on with all the Pakis (as they called them) here. Relatives said oh, they’re good, they’re fine. I said “just wait”. We were familiar with what comes next since we had been undergoing an invasion of illegal aliens in my NYC neighborhood for years at that time. This is much worse; very sad.

            My Parents Are Cousins (Family Inbreeding Documentary) | Real Stories (47 min.)
            https://www.youtube.com/watch?v=NkxuKe2wOMs

  1. “U.S. home prices shows signs of becoming ‘unhinged from fundamentals’ like they did in the housing bubble that preceded the 2008 crash, according to a blog post by the Dallas Federal Reserve bank.

    “Show signs”? That’s rich, Fed scumbags.

    1. This fed thing has been showing bubble for months and only Better Dwelling has reported on it until now. Why bloomberg dipped it’s pie hole into it, I don’t know.

      Greenspan went after the bubble hammer and tong. These current guys didn’t do anything but blow it up and only acted when inflation got out of control. Meanwhile it’s been over a decade since anyone at the central banks mentioned moral hazard.

      1. “…for months…”

        I believe the Fed’s Quantitative Easing measures trageting mortgage bonds date to 2012. So that would be around 120 months…

      2. A lot of folks are talking about this report (something might be up) but many and trying to sugar coat the findings. Example from Fortune


        The good news? While researchers at the Dallas Fed see a bubbly housing market, they don’t think we’re headed for a 2008-style crash. For starters, households are in much better shape today. Back in 2007, 7% of U.S. disposable personal income was going towards mortgage debt service payments. At its latest reading last year, that figure was just 3.8%.

        “Based on present evidence, there is no expectation that fallout from a housing correction would be comparable to the 2007–09 global financial crisis in terms of magnitude or macroeconomic gravity. Among other things, household balance sheets appear in better shape, and excessive borrowing doesn’t appear to be fueling the housing market boom,” writes the researchers.

  2. ‘Our evidence points to abnormal U.S. housing market behavior for the first time since the boom of the early 2000s,’ the Dallas Fed researchers wrote

    Suzanne’s research contravenes this assertion.

  3. “They also found that the surge in disposable income due to pandemic-related fiscal and monetary stimulus, as well as reduced household consumption because of mobility restrictions, may have lessened its usefulness as a gauge — suggesting that any bubble may be more advanced than those numbers suggest.

    The hell you say. These Keynesian fraudsters have become a parody of themselves.

  4. I will enter your derelict jingle mail property when you leave and then Squat. Leave me a few packs of Ramen

  5. The Windy City’s office market is a microcosm of the concerns around cold-weather, higher-cost office markets that lost population during the pandemic.

    While globalist media outlets can never acknowledge this, the flight of the successful & productive out of Democrat-Bolshevik malgoverned cities where Soros-installed DAs have given vibrants free rein to cavort with impunity is only going to accelerate the vaporization of Yellen Bux valuations from overpriced CRE & housing.

  6. ‘Kaven Tsang, senior vice-president at Moody’s, pointed to the example of Hong Kong-listed developer Logan Group, which in February indicated that it had around $US1 billion in offshore guaranteed debt that had been previously undisclosed. ‘We want to understand more from the latest audited results if there is anything like this in the other developers’ situation’

    They’re gonna sue you too Moodys. All of this really boils down to one thing: they were losing money, for a long time. If yer profitable, you don’t have “undisclosed” debt. Now the auditors are in deep doo doo. Did they even look? How do you miss billion$ of pesos?

    If one looks at all the bubbles, China is the largest due to size, brokea$$edness and corruption. And it has popped big time.

    1. Hiding debt was a major factor leading up to the Enron collapse in the early 2000s. Now it seems the same problem is coming into view for a bevy of Chinese real estate firms, all at the same time.

        1. What happens! A Chicago police squad car shows up at midnight and puts the spotlight on the naked college kids skinny dipping, well only shines it on the college girls, and tells them to get out of the water and get dressed! True story of my college years.

  7. “Interest rates are beginning to rise around the world as central banks work to rein in inflation that’s soaring to heights not seen in decades.

    Other than jawboning about future rate hikes, what exactly have the Keynesian fraudsters at the central banks done to “rein in inflation”? The Fed is STILL buying $40B a month in MBSs despite creating the biggest speculative housing bubble in human history. #FJB

    1. There’s no way to backwalk Zimbabwe Ben’s decade long period of extraordinary housing market stimulus, since 2012, without reversion to affordable housing prices.

      My understanding is that affordable prices are a policy goal, so I guess it makes sense to unwind Quantitative Easing measures targeted at blowing air into the housing bubble.

      1. Well, using history as a guide, the late Roman Empire, even as the currency collapsed, the elites traded their commodities and estates in gold. They of course owned the villas and estates occupied by the serfs so housing didn’t need to be affordable. It just needed to be priced in gold for the elites to buy it in bulk in gold.

        Considering that you’ll own nothing in the future ….

    2. Actually I’m surprised that the stock market didn’t crash due to the taper, as it did in 2018. Yeah, they’re still buying MBS, but that’s much less than the $120B/month they were buying before. With a lot less free money flying in to prop them up, why aren’t the zombie corps finally dying?

      1. They will soon. Just think about all of the bonds that they will be trying to roll over at much higher rates. For many years they could keep rolling at better rates but now they are stuck. Many zombie companies will be making sudden announcements soon that no one could have seen coming. A bloodbath is coming but everyone is trying to ignore it.

      2. These things take an incredibly long time to play out.

        Lets plan to compare notes come December 31.

  8. “Capital singles out Canada as especially vulnerable because its economy has relied heavily on residential investment and New Zealand where the relationship between house prices and consumer spending is strongest.

    I am going to take special pleasure in watching the sheeple who elected globalist Quisling regimes in Canada, Australia, & New Zealand get exactly what they voted for, good & hard.

    1. get exactly what they voted for, good & hard

      They will blame the coming pain on external factors and not on their electoral choices. The will keep on voting for Leftists, because reasons.

  9. “Big Four accounting firm PwC, which audits more than a dozen listed Chinese developers, is under investigation in Hong Kong over its Evergrande audit. It and Deloitte have resigned as auditors of at least five Chinese developers in the past three months.

    Captured auditors failing to detect or report fraud & financial misrepresentation? This is my shocked face.

    1. If the big auditors failed, the whole thing is a sh$tcart. The globalist scum media knows this too, and are playing it down. Remember a while back, bloomberg would say repeatedly, “evergrande made a payment at the last minute!” when it just wasn’t true.

  10. How the other half live in Aspen:

    https://coloradosun.com/2022/03/29/in-the-roaring-fork-valley-seeking-shelter-has-gotten-even-harder/

    This guy lives in a hole in the ground and collects $800 a month in disability:

    https://www.cpr.org/2022/03/29/for-the-man-who-lives-in-a-hole-in-park-county-winter-is-a-constant-battle/

    Airbnb and STR’s partly to blame for all of this. Aspen hates the working class. And so does Breckenridge, because it makes them commute from Fairplay up over Hoosier Pass to work there.

    Phony COVID work from home greedheads crying about waiting 45 minutes to get their latte, because there are no workers.

    No more middle class / working class? Sounds like: vote like California, become California.

    1. The guy in the first link is a meth and alcohol addict. But it’s definitely high rents that ruined his life.

  11. ‘A model who had to have both of her legs amputated left the hospital just in time to celebrate her 21st birthday. Claire Bridges was admitted to Tampa General Hospital on Sunday, January 16th, with severe leg pain and COVID. Bridges, who was vaccinated, was then diagnosed with Covid Myocarditis, Rhabdomyolysis, mild pneumonia, Cyanotic, and had Acidosis, according to her family.’

    ‘She was very sick and weak. Her heart stopped at one point and emergency crews were administrating CPR and were able to revive her. The damage to her legs was too severe and doctors had to remove them.’

    https://www.fox5ny.com/news/model-who-had-both-legs-amputated-leaves-hospital-in-time-for-21st-birthday

    These are crimes against humanity. The globalist scum media is on the hook too.

    1. Happy TWO YEAR anniversary of two weeks to flatten the curve.

      “We’re all in this together”

    2. The FDA is saying there could be a THIRD booster this fall.

      Of course, this poor girl and her family aren’t making the connection.

      1. I guess she will be getting her next booster in the arm for sure. She’ll probably stream it live on Tick Tock.

    3. Radio – I heard some crazy woman (vaxxed 3x) say that she didn’t think she’d get a fourth because her body is telling her it isn’t necessary, blah, blah, “my bodily autonomy”. Gibberish.

    4. Didn’t this happen to a young Broadway star early on in the pandemic? He too had to have a leg amputated, but he passed anyway. It seems that there’s some cohort of the young population which is super-vulnerable to COVID, for reasons unknown.

        1. Yes but it’s more like the random guy from a random district with no clout or name recognition. Despite his nickname, cocaine Mitch is not blowing lines off hookers. But I wouldn’t doubt Eric swawell has along with a couple of other younger hot shots.

  12. ‘Prime Minister Jacinda Ardern is “terrified of letting go of COVID politics” as that means she’ll have to focus on other issues like cost-of-living, ACT’s David Seymour says.’

    ‘New Zealand’s COVID-19 settings will be relaxed over the coming two weeks. From Friday night, outdoor gathering limits and QR code scanning will be ditched, while indoor gathering limits will be doubled from a maximum of 100 people to 200. A little over a week later, on April 4, vaccine passes will be scrapped and mandates will be narrowed.’

    ‘But Seymour told AM on Thursday that the Government isn’t going fast or far enough. “It’s not enough for people who are so fatigued, are ready to move on from rules that don’t make sense, but find themselves with a Prime Minister who is just terrified of letting go of COVID politics,” Seymour said. “We’re not making decisions based on public health and whether those restrictions actually stop the spread of COVID.”

    ‘He pointed to comments by Health Minister Andrew Little who said removing the restrictions would not lead to a rise in hospitalisations.
    “[It] seems the only reason for the continued restrictions is the Government is unwilling to admit, some of the things that made us do haven’t been working so they’re saving face.”

    “I think they just don’t want to get back to the cost-of-living and the problems with housing, problems with crime and poverty that they’re going to have to face up to, but not while we still have COVID politics dominating the scene.”

    https://www.msn.com/en-nz/news/national/ardern-terrified-of-letting-go-of-covid-politics-seymour-says/ar-AAVqjW8

    1. Why did Google censor search results for “Mass Formation Psychosis” after Dr. Robert Malone appeared on the Joe Rogan podcast?

    2. but find themselves with a Prime Minister who is just terrified of letting go of COVID politics

      Time to get a new Prime Minister? Either way, the Kiwis are fooked. They have an agrarian economy and are up to their eyeballs in debt.

    1. Interesting how he survived Partygate. When Britain was locked down tighter than a drum, he and his staff had wine parties at #10 Downing St.

  13. How’s that “green energy” working out for ya, Fritz & Helga?

    Government Minister Tells Germans to Cope With Soaring Energy Costs by Wearing Warmer

    Sweatershttps://summit.news/2022/03/29/government-minister-tells-germans-to-cope-with-soaring-energy-costs-by-wearing-warmer-sweaters/

    1. You can withstand 15 degrees in winter in a sweater. No one dies of it

      15C = 59F

      Germans are being told to lower their thermostats to 59F

      Trump warned them this would happen.

      1. Our thermostat is always at 59. Or more accurately, “59 or below”, in that we don’t heat our place, even if it’s in the 30s outside.

        Sweaters and blankets are for warmth. Money is for food, recreation, shelter, and transportation.

          1. Wow, that sucks!

            Apparently in Clownifornia, heating or cooling your house is now a luxury, even if you have a non menial job.

  14. I guess it would be too much to expect financial journalists to understand that higher mortgage rates imply lower equilibrium home sales prices.

    1. The Financial Times
      US economy
      ‘Payment shock’ awaits US home buyers as mortgage rates climb
      Average rate on 30-year loan reaches 4.42% while house prices sustain their rise
      House for sale in the US
      A house for sale in San Anselmo, California. The Case-Shiller National Home Price Index was up 19.2% year on year in January © Getty Images
      Imani Moise in New York
      6 hours ago

      The US housing market is starting to show signs of stress as a sharp uptick in mortgage rates and high home prices push potential buyers to the sidelines and some investors look elsewhere for higher returns.

      Average interest rates for a 30-year fixed-rate mortgage in the US swung to 4.42 per cent in the latest Freddie Mac weekly survey after hitting a record low of 2.65 per cent in January 2021.

      Such sharp moves in the market are rare. The last time rates rebounded that quickly was nearly two decades ago, said Rick Palacios, director of research at John Burns Real Estate Consulting.

      1. Strange, isn’t it, how there’s no mention that sellers may have to lower their asking prices in order to attract buyers who need to pay far more interest to the bank and much less towards the home purchase price than they could have paid at last year’s mortgage interest rates?

        Come on, dudes, this is high school math. You are smart enough to grasp this with a minimal amount of effort.

  15. All these claims by the Globalists that they can hack humans and vaccines are safe and effective are BS.
    They developed a agenda, than are trying to make Science comport with the agenda.
    Most discovery and inventions came by accidentally or by necessity.
    The agendas of these Entities are driving the narratives , which makes them dangerous with their contrived premises, such as climate change and mass vaccination of the globe.
    Bill Gates now pushing fake beef , claiming its a response to Climate Change , when its really a attempt to monopolize food production and control is obvious. Big Pharmacy medical tyranny with changing the definition of a vaccine that you have to take the injections repeatedly , and you get the disease, but you would of died absent the vaccine is absurd.
    And fraud news and censorship of any dispute to these narratives is necessary when your defrauding the public into complying with a pre planned power grab .
    These Entities are using force and fraud , extortion, bribery, cancelling, threat of job loss, lawlessness, corruption of Government and agencies, brain washing, fear mongering, and scapegoating to destroy current systems , for the New World order.
    Of course people won’t vote for their vision of a New World, so rigged elections and puppets are placed to advance the new dictorship.
    Have nothing, eat bugs and fake beef, repeated fake injections forced,digital currency, war, fake news, total surveillance, hacking humans , no freedoms, no free will……… what is likeable about this?
    People in great numbers just need to take back the globe from these creeps that are dangerous , along with being murderers.

  16. Australian vaccine stakeholders “We are coming for you.” – Senator Malcolm Roberts

    https://www.bitchute.com/video/6xdr82aHLWUi/

    9:36.

    Quote: “”The Labor Party and the Liberal-National Party have accepted $1 million each from the pharmaceutical establishment in this election cycle alone.” “The Australian Health Practitioner Regulatory Agency, Ahpra, has been bullying medical practitioners into not reporting or even for talking about the harm they’re seeing. The TGA erased 98 per cent of the 800 vaccine deaths—98 per cent erased!—that physicians reported. The TGA did so without autopsy or suitable consideration of all the patient medical data. TGA, ATAGI and Ahpra are the three monkeys of the pharmaceutical industry: hear no evil, see no evil, speak no evil.” “This unprecedented betrayal of the Australian people must be referred immediately to a royal commission. To the Prime Minister, the health minister, the federal health department and all those in the Senate and the House of Representatives—all of you who have perpetrated this crime—I direct one question: how the hell do you expect to get away with it? We’re not going to let you get away with it. We won’t let you get away with it. We are coming for you. We have the stamina to hound you down and we damn well will.” “The Australian Bureau of Statistics is culpable in this scandal and cover-up.” “The most recent breakdown of mortality by cause and age is from 2020. The most recent data on live births is from 2020. Birth data used to be available six weeks after, not 15 months and counting. Are they hiding miscarriages?” “At what point do we consider the actions of the TGA, ATAGI and the Australian Bureau of Statistics as interfering with the operation of the Senate? ”

    For the full Transcript go to

    https://www.malcolmrobertsqld.com.au/malcolm-roberts-drops-bombshells-in-senate-after-covid-under-question-inquiry/

      1. Many of these adverse effects were reported by Kariko, Weissman et al in their 2008 paper “Incorporation of pseudouridine into mRNA yields superior nonimmunogenic vector with increased translational capacity and biological stability” and could have been anticipated by regulatory and toxicology professionals if they had bothered to consider these findings prior to allowing emergency use authorization and widespread (global) deployment of what is truly an immature and previously untested technology. Therefore, neither the FDA, NIH, CDC, nor BioNTech (which employs Dr. Kariko as a Vice President) nor Moderna can claim true ignorance. To my eyes, what we have seen is more appropriately classified as “willful ignorance”.

      2. No refunds.

        “What happens when things go wrong and the “good gene/protein” is toxic? Well, in the current vaccine situation this is essentially the “Spike protein” problem. I get asked all the time “what can I do to eliminate the RNA vaccines from my body”, to which I have to answer – nothing. There is no technology that I know of which can eliminate these synthetic “mRNA-like” molecules from your body. The same is true for any of the many “gene therapy” methods currently being used.”

    1. Joe Biden announcing food shortages, with background fear of nuclear war, Russian bio weapon release possible is no doubt the new fears.

      So , of course at around the same time Bill Gates announces that synthetic beef should be adopted in the West.
      I would imagine that food insecurity might feel as life threatening as a Covid Pandemic .
      And like the fake vaccine to the rescue, here is Bill Gates pushing fake beef and bugs.. This follows many statements by Gates about the next Pandemic that maybe terrorists will release at airports.
      How do you get people to eat bugs and fake food?
      Same way you get people to take fake vaccines. By fear mongering, by fraud, by elimination of the competition.
      Fake food and bug consumption will rescue us from climate change and food shortages, for the greater good.

      Of course these Globalists want to monopolize all systems, including distribution of food. He who controls the food, controls everything.

      Bill Gates makes the monopolist Rockerfeller look light weight by contrast. Bill Gates is exceeding the Rockerfeller evils.

      1. I would argue this works best on people who didn’t grow up having to cope with living in a low income family.

        My family was BARELY middle class, and I remember my mom consistently worrying about food prices. When you grow up like that you learn how to cope. It’s not fun, but it’s also not the same experience for me as it is for my friends who grew up with steady, upper middle class families who went out to dinner multiple times per week.

        1. “My family was BARELY middle class, and I remember my mom consistently worrying about food prices.”

          Food insecurity is not middle-class, IIRC.

          Middle-class is a second car, vanity clothing, a full time employed father living in the household, a credit score above 680, etc., basically established in society with little or no family drama.

          1. Lower-middle class absolutely has food insecurity and lives on the edge of poverty. I grew up in a lower middle class family and my mom had to count every single penny. We NEVER went out to dinner and we never even had a burger at McDonald’s. There were no vacations to anyplace other than camping trips to the mountains where the campsites were free.

          2. We were halfway middle class (fully employed father, good credit). But only one car, one car garage, domicile four miles east of Ferguson…not so posh.

          3. Also, “eating out” = choice of regular hamburger or fish sandwich at McD’s…yum! Shake on the side included only for very special occasions.

            Plus facing the ongoing youthful challenge to survive on a diet of Hamburger Helper and powdered Carnation Instant Milk (“so thick you can whip it like cream with a beater”).

            We’re talking about daunting First World Problems that Californians can only begin to grasp, folks!

          4. every single penny

            Mom: “Finish everything on your plate. There are 50 million starving children in China!”

        2. Going out to eat multiple times per week is less an indication of financial security than it is of pure laziness. In fact it is more a sign of a spendthrift with no accumulated capital.

          1. I’m saying this is a attempt to monopolize food production under the illusion of emergencies and shortages, climate change, whatever.
            The Globalists want to change all current systems so as to have entire control of all resources.
            Its pretty obvious isn’t it.
            The Medical Tyranny is pretty obvious isn’t it with repeated injections forced on public.
            The problem is what they want to replace current systems with is unacceptable .
            If your going to replace food, energy, medical care , etc, the replacement is firstly based on false premises of fake emergencies.
            They are not going to stop this assault that’s designed to bring on a One World Order dictorship.
            Its obvious that solar and wind can’t replace current consumption of gas and oil.
            Its obvious that the faked Pandemic was designed to bring on medical tyranny with forced injections, that are toxic and don’t even work. .
            Now, its food they want to mess with .
            These Entities are dangerous to the human race because their agenda is anti human , and murderous de- population seems to be a core objective in this attack.
            You can judge something by the rotten fruit it produces.

        3. 60’s: we’d get a quarter every Friday night (15¢ for a slice, 10¢ for a 6 oz. Coke). We’d make my mother laugh by asking for a dollar, then she’d act shocked, stagger around clutching her chest and pretend to have a heart attack.

      2. “Fake food and bug consumption will rescue us from climate change and food shortages, for the greater good.”

        Gates has gone a long way downhill since when I saw him give his MS Excel rollout presentation back in 1988.

        And there’s also the Friends of Epstein stigma.

  17. Although they are all eye opening, the comedian at 1:52 who just bragged about getting all her jabs before going to sleep in mid-sentence and hitting the ground like a knocked out boxer and drawing laughs from her liberal audience who thought it was part of the act speaks volumes.

    Video: Why Are TV Presenters Across The World Collapsing?
    Banned.video

    March 29th 2022, 5:01 pm

    https://www.infowars.com/posts/video-why-are-tv-presenters-across-the-world-collapsing/

    1. Covid vaccines are poison.

      I made some stickers that say that, and here in Region VIII, people do *NOT* like that message.

      Somebody keeps ripping them down, and I keep replacing them.

      1. I have 2″ round stickers that say Realtors Are Liars. I stick them eveywhere….. And I mean everywhere. Even on the grocery store conveyors. ON the glass of the freezer section. I go thru 100 a week easily.

      1. Matt Gaetz had crackhead Hunter’s laptop entered into the Congressional Record, today.

        “They’re not sending their best”

    1. “Office buildings sit more than half empty. Why the next recession could spur more trouble”

      Kind of sounds like a recession has already started, but noone wants to acknowledge it just yet.

  18. Associate Of Pelosi’s Son Faces 20 Years In Prison – Will He Flip On His Friend?

    Infowars.com
    March 30th 2022, 5:14 pm

    Patrick Howley of the National File recently published a lengthy article detailing the conviction of a close associate of Nancy Pelosi’s son Paul Pelosi Jr.

    The Pelosi Jr. business partner, Asa Saint Clair, is in trouble for running a wire fraud scam involving cryptocurrency and a company called World Sports Alliance.

    Pelosi Jr. represented Saint Clair’s business on a business trip to Ukraine, which is interesting due to the nation’s current war with Russia and other family members of prominent Democrat politicians being engaged in shady dealings there.

    Patrick Howley
    @HowleyReporter

    BOOM: Pelosi Son’s Associate Convicted of Fraud For Scam That Pelosi’s Son Represented in Ukraine. Asa Saint Clair is facing 20 years in prison in July and has plenty of time to flip on his associates! 🚨🚨🚨

    https://twitter.com/HowleyReporter/status/1509269790816411662?s=20&t=w4iL3yJ4rINBHo2Fsl2z7A

  19. This time is different.

    The Financial Times
    Yield curve
    US yield curve inverts in possible recession signal
    Two-year Treasury yields rise above those of the 10-year for first time since August 2019
    Investors argue the inversion may not be as reliable a recession indicator this time round because the Federal Reserve’s massive bond purchases during the coronavirus crisis have distorted the yield curve
    © AP
    Kate Duguid in New York and Colby Smith in Washington yesterday

    A closely watched recession signal flashed red on Tuesday, as investors fretted that the Federal Reserve’s efforts to tame inflation will bring about a sharp slowdown in US economic activity.

    Two-year Treasury note yields rose above those of the 10-year for the first time since August 2019, inverting a portion of the yield curve monitored closely by Wall Street and policymakers. Inversions typically signal malaise about the economy’s long-term growth prospects and have preceded every US recession in the past 50 years.

    Typically, a recession has followed in the two years after an inversion of this measure of the yield curve.

  20. While we get accustomed to breathing and speaking norrmally without the hindrance of suffocating masks, WuFlu2.0 is gathering strength a world away, across the Pacific Ocean.

    1. The Financial Times
      Chinese economy
      China PMI contracts as Covid outbreaks spark lockdowns
      Government announces measures to shore up economic confidence for second time in two weeks
      A police officer in protective clothes blocks the street where food rations are distributed during Shanghai’s lockdown
      © Alex Plavevski/EPA-EFE/Shutterstock
      Thomas Hale in Hong Kong and Tom Mitchell in Singapore yesterday

      China’s manufacturing and services activity contracted in March for the first time in almost two years, highlighting the economic strains of the government’s strict coronavirus measures.

      The official manufacturing PMI, a gauge of factory activity in which a reading of 50 separates monthly expansion from contraction, fell to a five-month low of 49.5. The non-manufacturing PMI dropped to 48.4, its lowest level since August.

      The PMI data were released just hours after state media reported that Premier Li Keqiang, head of China’s State Council, was preparing efforts to support economic growth, which has been hit by Covid-19 outbreaks in Shanghai and north-eastern Jilin province.

      While the specific measures were not revealed, the State Council noted that 40 per cent of this year’s Rmb3.65tn ($575bn) quota for special-purpose bonds — largely used for infrastructure investment — had already been dispersed. It also warned government agencies to refrain from “measures detrimental to the stabilisation of market expectations” and to prepare “contingency plans to deal with the possibility of encountering greater uncertainties”.

      Zhao Qinghe, senior statistician at the National Bureau of Statistics, said coronavirus outbreaks across China were affecting enterprises. He noted some companies had complained of insufficient personnel owing to the virus and added that a gauge of delivery times was at its lowest level since March 2020, shortly after the pandemic erupted in central China.

      The State Council’s pledge marked the second time in as many weeks that the Chinese government had attempted to shore up confidence in the country’s economic outlook.

      On March 16, a State Council committee headed by Liu He, President Xi Jinping’s closest economic adviser, made similar pledges in an effort to reassure investors rattled by Covid outbreaks as well as the economic fallout of Russia’s invasion of Ukraine.

      In the wake of Liu’s intervention, the finance ministry said it would not proceed with long-delayed plans to introduce a property tax in various cities. China’s securities regulator also urged state-owned enterprises and financial institutions to help stabilise the country’s financial markets.

      China is battling its worst Covid-19 outbreaks in two years after largely containing the virus since its initial outbreak through strict lockdown measures, quarantine, travel restrictions and mass testing.

  21. Does it seem like underwater margin debt might be a looming issue for some incorrigible stock market gamblers?

    1. The Financial Times
      SoftBank Group Corp
      SoftBank to slow investments following crash in tech holdings
      Billionaire founder Masayoshi Son tells his top executives of need to raise money amid stock rout and China crackdown
      © FT montage/Bloomberg
      Antoni Slodkowski in Tokyo, Miles Kruppa in San Francisco, Arash Massoudi in London and Ryan McMorrow in Beijing yesterday

      SoftBank founder Masayoshi Son has told his top executives to slow down investments, as the world’s largest tech investor seeks to raise cash amid falling tech stocks and a regulatory crackdown in China.

      The Japanese billionaire made the remarks to his leadership team at a recent meeting, according to people briefed on the discussions, as the group responds to the massive hit to the value of its holdings in recent months.

      The previously unreported discussions offer a rare glimpse into the growing tension within SoftBank, which has disrupted the tech investing landscape since launching its first Vision Fund in 2017.

    2. When The Margin Debt Bubble Pops, It Never Ends Well For The Bulls, But…
      Geoff Bysshe | Mar 29, 2022 01:14AM ET

      In May of 2021, I outlined a dangerous condition of excessive margin debt that looked remarkably similar to only two other periods in the last 3 decades—2000 and 2007.

      You may recall that both of those periods didn’t end well for the bulls.

      At the time of the post, however, the rate of margin debt growth was at record levels and still growing, and as I noted at the time…

      While margin debt grows it fuels a bull market. Therefore, the prior post focused on how to identify when the margin debt bubble should be considered “popped,” and as a result—dangerous.

      According to the research in that post, the bubble has recently popped.

      https://m.investing.com/analysis/when-the-margin-debt-bubble-pops-it-never-ends-well-for-the-bulls-but-200621034

    3. Mar 10, 2022,
      12:41pm EST|1,578 views
      Stumbling Stock Market At Precipice – Risk Of Plummet Is High
      John S. Tobey
      Contributor
      Markets
      Picture shows large waterfall
      Next stock market drop could unleash waterfall of $

      Compared to their 2021 highs, stocks are a terrific bargain. The problem is they have already been a bargain at higher prices before. Only now, those highs are in the clouds – a dimming memory. What’s real is the classic, real downtrend that shows every sign of becoming worse.

      Coming is the final death of 2021 bullish-speculation, now barely maintained by hope and temporary price pops. This is the environment when speculators drain their savings, over-leverage with margin debt and shift to options.

      A good picture of the dire situation facing these investors is the chart of GameStop and AMC – the notable examples of the 2021 speculation fervor. Each has been bouncing off traditional price barriers: GameStop at $100 and AMC at $15. It’s okay to buy on such a drop the first time, hoping for a rebound, and perhaps the second time, hoping for a “double bottom” launch. However, when the stocks drop back for a third time, watch out. It’s a sign that underlying selling is at work, meaning a crash through the barrier is imminent.

      https://www.forbes.com/sites/johntobey/2022/03/10/stumbling-stock-market-at-precipicerisk-of-plummet-is-high/?sh=628585136d0a

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