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Without Expectations Of Price Gains, Investors Are Gone

A report from the Post Star in New York. “‘I showed a house the minute it came on the market, and I wrote an offer on the hood of the car, that’s how quick,’ said agent Barbara Kenison with Coldwell Banker Prime Properties. During the month of July, the tide has started to turn, and agents are finding that inventory is increasing and offers are decreasing. Densay Sengsoulavong, the CEO of Southern Adirondack Realtors said the July numbers that will be released in mid-August will show signs of slowing down. ‘I would reiterate ‘slowing down’ is relative,’ Sengsoulavong said. ‘In my opinion, it would be more of a market correction to where a normal market would be.'”

The News Press in Florida. “Jeff Jones, Broker at Keller Williams Naples, remarked that “in June 2019 we had the same number of price reductions as this past June, but during June 2019 we had three times the number of properties in inventory. That said, nearly 50 percent of our inventory this past June had a price reduction. These price reductions should be viewed as new listings because the newly lowered price is now attractive to a larger pool of buyers. Thus, there are more opportunities available for home buyers.'”

“Median closed prices in June increased 31.8 percent to $604,000 from $458,281 in June 2021, but median closed prices for single family homes in June decreased 7.7 percent to $750,000 from $812,500 in May.”

The Review Journal. “In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring. Southern Nevada is far from alone in seeing its once-sizzling market cool off lately. But in some key ways, recent reports show, Las Vegas seems to be hitting the brakes harder than other metro areas.”

“Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin, which reported that home sales nationally were nixed at the highest rate since the onset of the pandemic. Moreover, 20.3 percent of Southern Nevada listings had a price cut in June, the fourth-highest share in the U.S., and inventory jumped 22.2 percent month to month, the biggest gain in the country, Zillow reported.”

“Las Vegas ‘stands out’ with the biggest monthly and annual inventory growth among the 50 largest metro areas in the U.S., said Zillow senior economist Jeff Tucker. But in most other ways, the ‘largest slowdowns’ seem to be in the nation’s most expensive markets and those with the biggest price jumps throughout the pandemic, he added.”

The Daily Journal of Commerce in Washington. “Well over a year ago, mid-pandemic, Concord Pacific and local shop HB Management completed a very deep pit at 2300 Sixth Ave. That’s the west of two rival high-rise projects on the same block.(Onni Group’s 2301 Seventh Ave. is the other, with no excavation yet begun.) The 2300 Sixth pit has been quiet since then. Now HB Management has confirmed with Puget Sound Business Journal that the two 45-story towers, once slated to be mostly condos, will instead proceed as a 1,130-unit rental project.”

The Salt Lake Tribune in Utah. “Call it our ‘new abnormal’ for housing. Home sales across the Wasatch Front — already on a downward slide due to escalating prices and a lack of inventory — have plunged to deeper lows due to rising interest rates, data released Thursday shows. About 7,148 single-family houses changed hands from April through June across the five-county area centered on Salt Lake City — volume so low you have to go back to 2012, when the Beehive State started to climb out of the Great Recession, to find smaller quarterly sales numbers. It is down almost 10% from a year ago, led by Salt Lake County, which saw its sales dive by 15% year over year.”

“Active listings of homes for sale shot up across Salt Lake, Utah, Weber, Davis and Tooele counties in the second quarter, soaring by 175%. That has lifted inventory almost to pre-pandemic levels. ‘Sellers are not getting their asking price,’ said Dave Anderton, spokesperson for the Salt Lake Board of Realtors. ‘In 2020 and 2021, the asking price was where it started and people were getting $30,000, $50,000 or $100,000 over that. ‘That’s gone away,’ he said, ‘and multiple offers have gone away, too.'”

Bisnow Atlanta. “Some commercial real estate deals are falling apart across the country as the market reels from the highest interest rate environment in over a decade and clouds of economic uncertainty are gathering. As borrowing costs rise, the prices for everything from out-of-favor assets like office buildings and retail to warehouses and apartments are declining as buyers get nervous about future values. ‘No one’s immune,’ said Eddie Lorin, an affordable, workforce and mixed-income housing developer who co-founded California-based Alliant Strategic Development. ‘Everybody is getting repriced.’ Lorin said he is seeing anywhere from 5% to 10% drops in apartment pricing as a result of economic uncertainty and the Fed’s coming rate hike.”

“‘That’s on everybody’s mind right now. There’s a disconnect between the buyer and a disconnect between the seller on what the values are for properties today. And that probably won’t be fixed for a few months,’ Old Capital National Underwriter Paul Peebles said. ‘I told a lot of people to take the summer off, because this is not going to get any better.’ Peebles said a deal on which he was working saw the buyer walk away from a $700K deposit on a $40M apartment deal under contract in Texas. After the June rate hike, the buyer asked to shave $5M from the purchase price, Peebles said, but the seller balked.”

“Maria King, a multifamily broker in Atlanta, said she had two apartment deals fall apart over the past summer, including one buyer walking away from a 50-unit, $12M deal because of rising interest rates. ‘That offer still might stand at $10M,’ King said. ‘The money, the amount they were borrowing before, is not the same as interest rates have gone up. They’re not penciling out anymore.'”

“Rosalie Manansala, the founder of DOT Capital Advisor, an investment consultant, said she has seen a rise in the number of properties that had to adjust the agreed-upon purchase price due to rising interest rates. On top of that, capitalization rates across property types are on the rise. ‘I feel that there are going to be more price adjustments in the marketplace,’ Manansala said. ‘To what extent, I’m not sure.'”

“Years of cheap debt fueled by historically low interest rates have made for a consistent financing environment for many new development projects across the country, but that has changed in a matter of months. ‘Everything you believed over the last couple of years doesn’t necessarily hold these days,’ said ACRES Capital CEO Mark Fogel.”

From KXAN in Texas. “Almost a third of all homes listed for sale in the Austin metro saw a price reduction last month, according to a new report. Preston Salce, an assisting agent with Legacy Real Estate Group in Austin, says he finds a lot of listings are still priced as if the market hasn’t shifted. ‘The majority of these listings sitting on the market could have easily sold at their original list price back when the market was more active, the keywords being ‘back when,’ Salce said. ‘In most cases, sellers are being naïve thinking they can still sell their property ‘as is’ for top dollar, and the honest truth is that way of thinking leads to price reductions.'”

“‘I think we are seeing an increase of sellers cutting their price because they originally listed with the mindset of still being in the springtime market, and that has been long gone for a while now,’ Salce said. ‘One of the most impactful pieces of advice I have received over the last month in terms of talking to sellers was getting them to understand that we have to live in the future. If you list where the market is today, there is going to be a good chance of you chasing down the market in the weeks to come.'”

“‘I think 2020 set a new level of expectations from the general public on what the housing market should look like,’ Salce said. ‘Any agent can, and will, tell you time and time again, 2021 was not normal, and I think people continuously forget that.'”

NBC Los Angeles in California. “What was a sellers’ market that saw bidding wars catapulting offers above asking prices three months ago is shifting to a buyers’ market, real estate brokers said. The Inland Empire has been a hot housing market during the pandemic. But in recent months, home sales have cooled off. Oscar Tortola, a real estate broker, said homes in the metropolitan area are sitting longer on the market, causing the housing market to shift toward the buyer.”

“‘The interest rates went up, and it priced out a lot of buyers out of the homes they were thinking of buying,’ Tortola said. ‘The serious buyers who need to get into something right now are looking out there, and they are getting deals.’ Those deals can be found in new construction, according to some experts like Doreen Pottios. She said newly-constructed homes are going up all over the Inland Empire and that it is a good deal for homebuyers.”

The Globe and Mail. “BMO senior economist Robert Kavcic continues to follow Canada’s fading housing market. ‘Next week will start to bring the July housing market results from Canada’s major cities. The numbers will look bad, but here are some other things to think about that won’t show up in the official data: De-listings: These are rampant in the GTA now as sellers aren’t getting any traffic and, if they are, offers are coming in light. Many seem to be either re-listing for less, pulling their property for another time, or rolling it onto the strong rental market.'”

“‘In other areas (like the rest of Ontario), the situation looks more serious. Sold over under asking: It’s a buyers’ market now, where conditions and negotiating are things again. Failed closings: Let’s just say that we’d be bullish on real estate lawyers this year. Buyers watching property values fall are anecdotally trying to back out of some deals. In other cases, appraisals are falling short, forcing buyers to scratch together bigger down payments. Investors: Cash-flow negative properties at 1.5% mortgage rates are now deeply so at 4.5%. Without expectations of price gains, investors are gone … Less supply??? With demand cracking, there is already chatter about project cancelations. Building 5.8 mln units was ambitious in the best of times—now it might be a dream.'”

From The Local. “In the first half of 2022, 8,644 owner-occupied apartments were sold in Denmark, down a third from 2021’s tally of 12,947 flats sold by that time, broadcaster TV2 reports based on data from Boligsiden. A loss of momentum in the market has been expected and signs have been apparent in recent months, explained Mira Lie Nielsen, housing economist at Nykredit, one of Denmark’s major banks and the country’s largest mortgage lender. ‘Now it is starting to be more of a buyer’s market, where sellers also have to realise that if they want to sell they have to lower the prices,’ she said.”

Channel News Asia. “South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world’s most debt-saddled consumers as the sector experiences the fastest interest rate hikes on record. Prices of Seoul apartments last week reported their sharpest decline in 26 months, while transaction volumes in the capital dropped 73 per cent in June from a year earlier. Ordinary Koreans are already feeling the squeeze – for Jane Jaeon, a 36-year-old mother of a six-month old in central Seoul, growing mortgage stress means she has had to make some hard choices.”

“‘My husband’s pay now isn’t enough to cover our monthly repayment so I need to cut my maternity leave short and return to work,’ said Jaeon, who had initially planned to take 15 months off. Her family now pays 720,000 won more each month than last year for their 500 million won mortgage, which her broker said will probably rise further by year-end, bringing their total monthly repayment to almost 4 million won, or 70 per cent of her husband’s pay.”

From Reuters. “China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity crisis in the property sector continues. Some bondholders were left unimpressed by the update on Friday. ‘It is disappointing but sort of expected… There is nothing they could offer because we all know the company is pretty much a zombie now,’ said one onshore Evergrande bondholder.”

From Fortune. “Edward Chancellor, a financial historian, journalist, and investment strategist who has been described as ‘one of the great financial writers of our era,’ argues central bankers are to blame. In his view, central banks’ unsustainable policies have created an ‘everything bubble,’ leaving the global economy with an inflation ‘hangover.’ Chancellor explained how during these first rounds of QE, the money the Fed created ‘never fed through to the real economy,’ leading central bankers to ignore inflation and become ‘complacent.'”

“When the COVID-19 pandemic hit, however, and QE was ramped up again, it was a different story. Central banks around the world cut interest rates and ‘printed collectively around $8 trillion.’ The issue this time was that the money was used to ‘finance roughly the same amount of government spending,’ which contributed to ‘the largest peacetime deficits in history.'”

“On top of that, near-zero interest rates and excess liquidity in the financial system encouraged investors to buy risky assets, creating an ‘everything bubble,’ as evidenced by the extreme rise in tech stocks, cryptocurrencies, meme stocks, and even collectibles like baseball cards in 2020 and 2021. ‘And, surprise, surprise, we now have rising and unstable inflation,’ Chancellor said. ‘We are now waking up to a big hangover from this monetary extremism.'”

This Post Has 165 Comments
  1. From the 3:42 video above:

    5 Reasons Your Home Value Is Dropping
    Jul 30, 2022 Steve what is going on my house was worth 500k my neighbor just sold for 425?

    We are seeing the quickest 60 day shift ( code for prices dropping) in Las Vegas real estate history. ( FED Reset)

    Good news for home buyers not so much for sellers.

    Its not just Vegas folks

    Phoenix is far worse than Vegas along with other formerly hot markets.

    The top 5 reasons your home skyrocketed 200k plus in record time!

    880 Billion in PPP FUNDS

    Hundreds of Billions in EDIL loans

    No personal guarantee needed

    Highest Returns in stock market history

    Lowest Interest Rates in History

    Highest Crypto Return In History

    Bonus Reason Hedge Funds Bonanza

    That changed

    Just 30 Days Ago

    Feds Housing Reset Began

    1. Steve what is going on my house was worth 500k my neighbor just sold for 425?

      What is going on is your paper wealth is vanishing. Hope you didn’t cash out refi.

  2. ‘her broker said will probably rise further by year-end, bringing their total monthly repayment to almost 4 million won, or 70 per cent of her husband’s pay’

    That’s some sound lending right there.

    ‘There is nothing they could offer because we all know the company is pretty much a zombie now,’ said one onshore Evergrande bondholder’

    acceptance <-you are here onshore bondholder.

    1. The principle all these economists and FIRE economy shills overlook is that all lending is sound….until it isn’t. Every loan is made because the lender or owner of the note believes it is a good investment. Lending only becomes unsound after the fact, when the tide goes out and we see who isn’t wearing shorts. Moodys Fitch and S&P were giving triple AAA ratings to garbage mortgage bonds in 2005. And they were saying the same rubbish back then. Lending is sound.

    2. “That’s some sound lending right there.”

      20 years of subprime lending hitting a wall.

  3. ‘I showed a house the minute it came on the market, and I wrote an offer on the hood of the car’

    The good old car hood contract reappears. Ever heard of a clipboard?

    1. I’m guessing some of the hotter realtor babes have re-purposed the car hood to Always Be Closing.

    1. “Donbass:”

      At first glance I thought that said… Dumbass: Which also would have been an accurate description of that video.

  4. NYC park near Cooper Union turning into ‘disgusting’ area filled with rats, homeless (7/30/2022):

    “An East Village park near prestigious Cooper Union and across from luxury condos has become a trash-strewn, vermin-filled, homeless hangout, residents said.

    “It’s disgusting!” Candy Schulman, 69, a 28-year neighborhood resident, told The Post of Cooper Triangle on Third Avenue.

    “I feel outraged about the garbage and the rats. Every bench is taken up by the homeless and nobody is doing anything about it.”

    Stuyvesant Town dweller John Murtha, 70, who walks his dog near the park, was equally angry.

    “New York City is a Democratic blue state hellhole. It’s the bowels of hell,” he fumed.

    John, it sounds like you might be onto something.

    “They’re not sending their best”

    1. East Village . . . prestigious

      Those two words don’t belong in the same sentence.

    2. When in college, I had an office job on Cooper Square. The days I’d go there straight from home I’d exit the subway near the Bowery. Top of the steps was a liquor store so you’d have to pay a bum toll to get to the street.

    1. Wow, that’s worse than the house with the little lions not too far from me that keeps going down and down. Listed in May at $700K, now $450K, worth $200K (maybe).

  5. Home Buyers No Longer Waiving Appraisal Contingency | Port St Lucie, Florida
    Jul 31, 2022 Home buyers are no longer waiving the appraisal contingency when buying houses in Port St Lucie Florida. During the COVID FOMO it was almost standard procedure for a home buyer to waive the appraisal contingency if they even wanted a shot at being the accepted offer on a house in Port St Lucie, Florida. Now with high interest rates and a changing economy and world landscape buyers are no longer willing to pay more than what a house is worth. Home sellers will now have to price the house accordingly and let the market tell you what the house is worth. Remember it’s only worth what someone is willing to pay for it.


    1. “During the COVID FOMO it was almost standard procedure for a home buyer to waive the appraisal contingency if they even wanted a shot at being the accepted offer on a house”

      Waive *ALL* inspections, especially electrical. It’s not really that important anyway. You can fix all of the problems you find later from watching YouTube videos.

      1. My favorite is when they buy a rotting shack with old knob and tube that rats have been chewing on for decades.

    2. it’s only worth what someone is willing to pay for it

      Jonathan explains reality in plain terms!

  6. New Home Tour Move in Ready homes NOW Davenport Florida
    Orlando New Home Construction Experts
    Jul 30, 2022 We are touring a brand new home community Under development in Davenport Florida. Builder has move in ready homes and to be built homes.

    Welcome to Davenport in Polk County Florida located about 30 minutes from Downtown Orlando and Easy ride to the Major theme parks Disney Universal Studios Sea World. People are moving to Florida due to the low tax rate and no state income. Minutes to I4 and Hwy 27

    ——-They include Below——-

    Paid Closing Costs
    up to $40,000 in flex spending can be used for
    Buying your rate down,
    Closing costs,

    7:24. First upgrade: get rid of those curtains!

    1. Sure, minutes away from the traffic hell of I-4, and Hwy 27. Skeeters in the back yard big enough to make love to a turkey flat footed, and surrounded by cranky old geezers. What a dream!

      1. I don’t know how Disney and Universal keep their parks bug free. They must use mind boggling amounts of insecticide.

  7. Real Journalists.

    NPR — How we talk about monkeypox matters. Experts offer ways to reduce stigma (7/31/2022):

    “It’s a tricky conversation but it matters, said Dr. Joseph Lee, a professor of health education and promotion at East Carolina University who has studied public health messaging.

    “We need to make sure we’re getting the right people involved in reaching the right communities and saying things in a way that resonates,” Lee told NPR. “Because the harm of getting it wrong is real and hard to repair.”

    Be honest but avoid overemphasizing one group’s risk over another, experts say”

    Do Real Journalists even recognize the contradiction of that last quoted sentence?

    Be honest: consider not having hundreds of anonymous sex partners and stop being a degenerate with no self-control.

    “They’re not sending their best”

    1. I can’t wait to see how the MSM is going to spin this into “everyone is at risk”.

      1. this into “everyone is at risk”.
        Just had someone tell me it can be passed on when getting a haircut.
        Don’t know her reference point but she usually is fairly level-headed. She watches a lot of FOX but I am guessing it did not come from there, so, it’s probably something she read on the Internet.

        1. Hair salon “tools” are supposed to be sanitized between hair cuts. Heck, since Covid even the chairs are supposed to be sanitized.

  8. This global famine sponsored by the World Economic Forum.

    The Hill — Zelensky says Ukraine’s harvest could be cut in half by war (7/31/2022):

    You will eat nothing. And you will like it.

    The Hill — Beware of war predictions: Ukraine’s outcome is not yet written (7/31/2022):

    “A war’s outcome is written by its combatants. It depends upon which side commits what is necessary — in blood, materiel, and will — toward achieving its aims, how long it can sustain its efforts, and whether it makes fewer mistakes than its enemies. By that score, how or when the Ukraine war will end remains unknown.

    Some Western strategists are predicting that even with allied help, the best outcome will be a stalemate. They reason that Russia is larger and has more resources than Ukraine. So, even if Russia cannot win outright, it can prevent Ukraine from winning. Thus, they conclude, a stalemate is the most likely outcome. Given this, the reasoning continues, it’s best to stop the fighting and negotiate a solution now to prevent more suffering.”

    The outcome is certain: Russia wins.

    Either Russia wins now, or Russia wins later after billions more money wasted and thousands more dead, but either way, Russia wins.

    “They’re not sending their best”

    1. ‘The outcome is certain: Russia wins’.

      And as that get’s so often posted on this American Blog – and so we have to include it in our new documentary too and as it sounds that you want Russia to win?


      As an American?

      If you are an American?

      As why would an American want that a War Criminal Murderer ‘wins’

      Could you answer that?

      1. “As why would an American want that a War Criminal Murderer ‘wins’”

        I think the better question is why an eurotrash wants war criminals like bush/obama/biden and their euro minions to win?

        1. ‘I think the better question is why an eurotrash wants war criminals like bush/obama/biden and their euro minions to win’?

          No – as it doesn’t answer the question why an American -(if he is on American?) wants Putin to win – and perhaps you noticed that I didn’t write Russia – as I have Russians in my family who don’t want the War Criminal to win either.

          1. If one considers our real enemy to be the Globalists and Putin is the one opposing the Globalists then if follows that one would want Putin to win.

          2. If one considers our real enemy to be the Globalists

            Indeed they are. And most non western alliance nations in the world are coming to understand this.

            If your country is ruled by a WEF alum, you are in big trouble.

          3. ‘Your documentary should note there are opposing views to this in the HBB’.

            It will – while noticing that there seems to be a Pro Putin -(not Russian) majority.

          4. And about:
            ‘If one considers our real enemy to be the Globalists and Putin is the one opposing the Globalists then if follows that one would want Putin to win’.

            I need to ask further:
            Without any consideration that Putin is a War Criminal Monster – who with his crimes also does huge damage to the United States?
            Meaning to all of you.

          5. If one considers our real enemy to be the Globalists and Putin is the one opposing the Globalists then if follows that one would want Putin to win.

            🛎 🛎 🛎

            HBBers are some of the few people who get this.

      2. And as that get’s so often posted on this American Blog – and so we have to include it in our new documentary too and as it sounds that you want Russia to win?

        Your documentary should note there are opposing views to this in the HBB. Russia is ruled by a criminal clique of “Red-Brown” gangster oligarchs that overplayed their hand by launching a war of aggression against Ukraine that has likely turned out to be far costlier than they’d ever envisioned. Not all of us want Russia to win – I hope they get bloodied bad enough that they sue for peace and are willing to come to terms with their neighbor. Not a fan of the Zelensky government, which is corrupt like all Ukrainian governments. However, the nation of Ukraine is separate and distinct from its government, and I wish them every success in fighting back against their forcible incorporation into Russia, and in defending themselves as a sovereign independent state that wishes to align with the West rather than the East.

      3. why would an American want that a War Criminal Murderer ‘wins’

        I’m an American and I want both Ukraine’s and Russia’s governments to lose.

    2. and as there were some Germans who wrote 75 years ago kind of the same thing:

      ‘Either Germany wins now, or Germany wins later after billions more money wasted and thousands more dead, but either way, Germany wins’.

      what would you have written –
      THEN –
      in response?

      1. Why is it so important to you that everyone agrees with you? That’s what I meant about not talking with Germans – they aren’t free people and cannot understand freedom. BTW we are citizens of sovereign states, not “amereicans”.

        1. Why is it so important to you that everyone agrees with you?

          It is quite simple: Germans believe that there is one “right way” to do things and that everyone should do it that way. The End.

          There is a book titled “Germany: Unraveling an Enigma”, which I was required to read at a place I used to work at, as we did business with Germans. It was quite an eye opener.

          1. “It is quite simple: Germans believe that there is one “right way” to do things and that everyone should do it that way. The End.”


          2. They’re also pretty good at the game Follow the Leader.

            Possibly, but it seems to me there is also a strong tradition of independent thought and reason. Many Germans in the 19th and early 20th centuries were hardcore pacifists who emigrated to the US rather than put up with all the Kaiser/Führer BS.

          3. It was quite an eye opener.

            One thing I found interesting was the concept of a “fair price”. The idea is that if a German firm quotes you a price they will consider it fair and reasonable. If you want to insult them, ask them “can you do better than that?” They will take that as an accusation of them trying to rip you off.

            Another interesting difference is “preparedness”. Say you are giving a presentation or a pitch in the US and someone asks you a question. It is acceptable in the US to say “I don’t have the answer to that right now, but I will get back to you ASAP.” In Germany that is unacceptable, you should be able to answer any question thrown at you.

        2. ‘Why is it so important to you that everyone agrees with you?’

          It isn’t – but as Germans and Americans had become such good friends in the last decades and there was a broad agreement about so many things I took the freedom to ask why the sudden dis -agreements.

          1. Because you’ve become idiots worshiping at the altar of globalism, parroting their narratives like sycophants.

          2. I understand they are considering canceling Oktoberfest this year due to the energy crisis?

      2. Col. Claus von Stauffenberg killed Hitler. His body double was used to prolong the war. Since 2014, Monsanto, Cargill and adm have bought up 60% of Ukraine farmland.

        Perhaps you should wish for all tyranny to end, whether putin or Biden. For the soldiers on both sides to stop slaughtering each other, lay down their arms and say no more war.

        1. ‘For the soldiers on both sides to stop slaughtering each other, lay down their arms and say no more war’.

          Agreed – while nearly no German would dare to compare somebody like Biden to Putin.
          And is it it really possible that there are – as Ben called them ‘citizens of sovereign states’ who seriously write: ‘Perhaps you should wish for all tyranny to end, whether putin or Biden’?

  9. I didn’t know this…we have plenty of Uranium, and lots more Thorium

    [We have to] get off of the Russian uranium import dependency that we have,” Adnani said. ”We’re going to be a world superpower and not have our own uranium? We’re going to be a world superpower and depend for our uranium on Russia. How does any of this make sense?”

  10. You will eat nothing.

    Pay Attention To The Dutch Farmer Protests Because America Is Next (7/29/2022):

    “Americans should start paying closer attention to the ongoing farmer protests in the Netherlands, which this week transformed long swaths of Dutch highways into what looked like a post-apocalyptic warzone: roadside fires raging out of control, manure and farming detritus heaped across highways, traffic stalled for miles, and massive protests across the country in support of the farmers.

    Why is the Netherlands, of all places, experiencing such unrest? Americans need to understand what’s happening over there because the ruinous climate policies that triggered these protests are precisely what President Joe Biden and the Democrats have in mind for the United States.

    The ruling coalition government claims its radical plan, pushed by Prime Minister Mark Rutte, who branded the protests “unacceptable,” is part of an “unavoidable transition” to improve air, land, and water quality. The goal is to reduce emissions of nitrogen oxide and ammonia, which are produced by livestock but which the government is labeling “pollutants,” by 50 percent nationwide by the year 2030.

    The only way to do that, many Dutch farmers say, is to slaughter the vast majority of their livestock and shutter their farms. The government knows this and admitted as much earlier this year, saying in a statement, “The honest message … is that not all farmers can continue their business,” and that farmers have three options: “Becoming more sustainable, relocating or ending their business.”

    Ending their business? Klaus Schwab is going to get “ended” and it’s going to be a very slow, prolonged ending. See also: the torture scenes from the show Narcos: Mexico of what happened to captured DEA agent Enrique “Kiki” Camarena Salazar.

    Poor Kiki was trying to fight the good fight. Klaus Schwab is an agent of Satan and an enemy of humanity.

    The only good globalist is a dead globalist 🙂

    1. “You will eat nothing.”

      Not quite true. Here …

      WHO WE ARE
      Coalo Valley Farms is California’s first urban cricket farm. Built from the ground up by New England born Colby College alumi Elliot and Peter, along with California native and UCLA alumnus, Matt; Coalo Valley Farms is helping lead the protein revolution into the next millennium. Here on the farm, we all believe that alternative protein sources must be developed to ensure the environmental and nutritional well-being of generations to come.
      Our team is dedicated to providing the world-wide community with an affordable, high-grade cricket protein powder. Our passions lie in striving to have the happiest crickets, consumers and planet that we inhabit. Therein lies our motto: Fresh. Healthy. Sustainable.
      Through transparency, reliability, and adaptation, we will set ourselves apart from other alternative protein sources. In this ever-changing world, we realize that only through hard-work will we be able to make a positive change. Our nutrient-rich, extremely water sustainable, and human friendly diet ensures our consumers satisfaction in health and taste, all while helping preserve the essential natural resources we find dwindling.

        1. Right, feed the bugs to the stock. I’m not going to eat bird food.
          They have no idea what production of so many bugs would do to the earth, what effect it will have on earth and humans.
          In the long history of the world, why do you think humans didn’t go in the direction of the bugs as a mainstay.
          I don’t care about the monopolist Bill Gates trying to dictate the diet of the world , or the insanity of vaccine after vaccine of poison chemicals.
          I wouldn’t eat anything that Bill gates has anything to do with . That Bill Gates is like a creepy mass murderer, already instrumental in millions of deaths.
          Klaus Schwab is a psycho weirdo also.

    2. The Food and Agriculture Organization (FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger.
      Our goal is to achieve food security for all and make sure that people have regular access to enough high-quality food to lead active, healthy lives. With 195 members – 194 countries and the European Union, FAO works in over 130 countries worldwide.

      Trends towards 2050 predict a steady population increase to 9 billion people, forcing an increased food/feed output from available agro-ecosystems resulting in an even greater pressure on the environment. Scarcities of agricultural land, water, forest, fishery and biodiversity resources, as well as nutrients and non-renewable
      energy are foreseen.

      The Contribution of Insects to Food Security, Livelihoods and the Environment

      Edible insects contain high quality protein, vitamins and amino acids for humans. Insects have a high food conversion rate, e.g. crickets need six times less feed than cattle, four times less than sheep, and twice less than pigs and broiler chickens to produce the same amount of protein. Besides, they emit less greenhouse gases and ammonia than conventional livestock. Insects can be grown on organic waste. Therefore, insects are a potential source for conventional production (mini-livestock) of protein, either for direct human consumption, or indirectly in recomposed foods (with extracted protein from insects); and as a protein source into feedstock mixtures.
      Since 2003, FAO has been working on topics pertaining to edible insects in many countries worldwide. FAO’s contributions cover the following thematic areas:

      the generation and sharing of knowledge through publications, expert meetings and a web portal on edible insects;
      awareness-raising on the role of insects through media collaboration (e.g. newspapers, magazines and TV);
      the provision of support to member countries through field projects (e.g. the Laos Technical Cooperation Project);
      networking and multidisciplinary interactions (e.g. stakeholders working with nutrition, feed and legislation-related issues) with various sectors within and outside FAO .,the%20same%20amount%20of%20protein.

  11. These price reductions should be viewed as new listings because the newly lowered price is now attractive to a larger pool of buyers. Thus, there are more opportunities available for home buyers.’”

    I’m guessing we’re looking at a rapidly diminishing pool of stoopids willing or able to buy into a bursting housing bubble as inflation continues to soar and the underlying economy is in free-fall.

      1. Good point. From all indications our stoopid population seems to be growing exponentially.

      2. The other problem homeowners face is that investors who are unconstrained by budget limits tend to standby and stand back when prices are falling. If would-be owner occupants are priced out by interest rates and cash buyers are uninterested to catch themselves falling knives, who is left to buy?

        1. As a long time and long term investor I enjoy it when monied investors hold back to maximize their investments. I let the renters pay off the property for me, and I will occasionally allow 2 families to reside in the property, but I must be more vigilant on the daily use and abuse of the property. The property must service the PITA plus 10% for anticipated repairs down the road. I never refinance or use the properties as a piggy bank, and only when the property is paid off, do I enjoy a splurge vacation for my better half and myself. Being retired, this is now a hobby instead of a Job. I enjoy setting aside monies for the college fund for my four Great-Grand children.

          1. vigilant on the daily use and abuse of the property
            Quite right, keep a close eye on those renter scum.
            Also, congrats on owning Xfinity.

          2. “I enjoy setting aside monies for the college fund for my four Great-Grand children.”

            Man-up, check the full-ride box!

          3. Man-up, check the full-ride box!

            I think you mean “full freight”. IIRC, “full ride” is used when referring to a scholarship that pays for everything.

  12. “In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring.

    Las Vegas has a 50-day supply of clean drinkable water remaining. Shack prices are going to plummet if long-term water rationing becomes a thing.

    1. “Shack prices are going to plummet”

      In this bizzaro world, shack prices may actually go up as this will propel Fed to print mo’ water.

    2. Wrong Las Vegas. The one with the 50 day supply is in New Mexico and is a small nothing town in the middle of nowhere of about 10,000 people. And it’s only out of water because of a government caused forest fire and lack of ability for the water purification plant to do it’s job (another government run entity).

      1. While there are mountains to the north west most of New Mexico is a high elevation scrub desert, cold for a couple of winter months and hot and dry most of the year. See Clovis, NM, a popular military town.

  13. After the June rate hike, the buyer asked to shave $5M from the purchase price, Peebles said, but the seller balked.”

    True price discovery, once the counterfeiters and racketeers at the Fed can no longer hold it at bay, is going to be a bit*ch.

    1. The limp noodles like this clown and “The Big Lie” journalist from The New York Slimes admitting the stolen election was “not grass roots” and was very “high level” shows what pathetic human beings they actually are.

      It is amazing how a presumably cute girl in a skirt can get them to sell out their comrades so easily. Then again, Project Veritas isn’t doing anything that the Mafia didn’t do to JFK.

      Unless of course you consider JFK was getting some over many rendezvous to divulge any information the Mafia got while these idiots are undoubtedly going home to consummate their dates with their dominant hands after selling out the Woke movement.

    2. We had a normal summer heatwave out west, and the media shills were warning about “all time records” and spreading the fear far and wide. Turns out the records were not broken – from 1934 mind you. Yes, it was hotter in 1934. Can you say SCAM?

      1. spreading the fear far and wide

        They know that the sheeple are easily spooked and manipulated.

  14. California exodus continues, with LA, San Francisco leading the way: ‘Why are we here?’ (7/30/2022):

    “We moved to the Bay Area because we had to be there if you want to work in tech and start-ups, and now that that’s no longer a tether, we took a long hard look and said, ‘Wait, why are we here again?’ ” Raghavan said.

    He said there wasn’t much draw in California’s quality of life, local or social policies, or cost of living. “That forced us to question where we actually wanted to live,” he said.

    “This sucker could go down” — George W. Bush

    1. Interesting, I have not heard anecdotally of Indians leaving the Bay Area. When I have asked some of my colleagues there why that is, I am told that because there are so many Indians there they feel “comfortable”, while moving to other locales they won’t find the comfort in numbers.

      Still, if you can’t afford to live there, then other options become more palatable, I suppose.

      1. “ndians there they feel “comfortable”

        Still wearing masks they look odd anywhere but their own enclave.

        1. The last time I visited Santa Clara, the Indian population was very noticeable. Their numbers were non trivial.

    1. Facebook fact-checks top economist

      I cancelled my account eons ago. I don’t understand why anyone still hangs out there.

      Heck, NextDoor is big into censorship. All it’s good for now is finding lost pets (good luck finding your lost cat), griping about bad drivers (To the jerk who cut me off at 2nd and Washington yesterday …) and getting referrals for tradesmen.

  15. If you want misinformation, read the New York Times and Washington Post.

    Russia Today — Failure to agree gas deal exposes how EU will make united ‘Stand with Ukraine’ until sacrifices have to be made (7/31/2022):

    “Last week, the European Union’s Commission proposed a bloc-wide reduction of gas use by 15%, starting from August 1 and extending to at least March of next year. Officials from all 27 member states convened this week to discuss and finalize the proposal …

    the only real unity on this issue is that EU countries that refuse to cut their gas use effectively agree that those who have no choice and no alternatives may need to ration their supply. So there’s really no solidarity among all 27 member states to reduce consumption by 15% voluntarily. And now the EU is forced to accept that reality, even as they try to spin it into a show of unity.

    This is really all about the entire EU coming to the rescue of Germany – the bloc’s top economic engine – which lacked the courage to stand up to American pressure to sanction its pipeline projects with Russia. It then stood idly by while the EU did the same – all apparently without any viable backup plan for their own national economy. Berlin made a bad strategic mistake by depending so heavily on renewables when green energy is clearly not ready for prime time. Egged on by Brussels, officials talked a tough game about being strong and independent and not needing any Russian energy.

    As much as Eurocrats are paying lip service to the idea of solidarity, the reality is that the increased pressure – brought about by their own misguided decisions – is already causing cracks in the facade.”

    Russia is winning.

    1. I recall reading the other day that Hungary’s Orban made a deal with Russia to keep it flowing into the land of the Magyars. This of course angered the EU apparat, as Orban’s message to them is basically: if you guys want to freeze this winter, knock yourselves out.

    2. Washington Post

      Jeff Bezos is a globalist thug with TDS. He needs to be curb stomped like Klaus Schwab. Never read the WaPo, and never buy anything from scAmazon. Those are two rules I live by.

  16. $594,900 4 bd 3 ba 2,086 sqft
    Price cut: $28.8K (7/30)
    2046 Dale Evans Way, Kingman, AZ 86409

    Date Event Price
    7/30/2022 Price change $594,900 (-4.6%) $285/sqft

    7/26/2022 Price change $623,700 (-3.2%) $299/sqft

    7/20/2022 Price change $644,000 (-0.8%) $309/sqft

    7/15/2022 Price change $649,400 (-0.1%) $311/sqft

    7/9/2022 Price change $649,900 (-1.4%) $312/sqft

    7/1/2022 Listed for sale $659,000 (+139.6%) $316/sqft

    1/8/2020 Sold $275,000 $132/sqft

    12/18/2019 Pending sale $275,000 $132/sqft

    12/16/2019 Listed for sale $275,000 (+14.6%) $132/sqft

    10/18/2006 Sold $240,000 (+36.1%) $115/sqft

    12/27/2004 Sold $176,300 (+399.4%) $85/sqft

    7/1/2004 Sold $35,300 $17/sqft


    1. 1/8/2020 Sold $275,000 $132/sqft

      Which will prove to be a massive bubble price in its own right. I know you’ve been to Kingman, as I have many, many times over the course of the past 30 years. Kingman, AZ is a sh!thole. Did I mention Kingman is a sh!thole?

      1. Yeah, I know. But those are my people. I have business interests there. In some ways I have more in common with them than in Texas cuz we all rode the tiger together last decade.

        1. Well, I don’t want your business interests affected, but the house prices….good lord.

          I might add that I kind of like “sh!thole” towns when the real estate is at historical pricing. They offer affordability and an escape from the hustle and bustle.

  17. “The Mayor of Washington, D.C., wants the National Guard to help with the thousands of Illegal Immigrants, coming from the insane Open Border, that are flooding the City, but refused National Guard help when it came to providing Security at the Capitol Building for a far larger crowd on January 6th,” Trump wrote on his Truth Social account on July 29.’

    “Figure that one out?” Trump asked.’

    ‘Bowser’s government has sent two separate letters to the White House and the Pentagon seeking federal help, describing the situation at the nation’s capital as a “humanitarian crisis.” In one of the letters, Bowser added that the arriving immigrants had brought her city to a “tipping point.”

    ‘Bowser, a Democrat, blamed Arizona and Texas in the other letter, saying the migrant crisis is “cruel political gamesmanship from the Governors of Texas and Arizona.” The D.C. mayor has also claimed that immigrants are “being tricked” into opting to take buses to the nation’s capital.’

    “Mayor Bowser now understands what it feels like to be a border state. How do you think folks in Texas feel?” Rep. Randy Weber (R-Texas) wrote in a post.’

  18. You will eat nothing.

    Wall Street Journal — Consumers Have Powered Through the Pandemic and Inflation—Until Now (7/31/2022):

    “The past week revealed new evidence from companies and the government that household spending is increasingly strained. Families are paring back purchases of items such as electronics and furniture as prices for essentials like food and gasoline have become more expensive. Inflation drove consumer spending in June to a new four-decade high while personal incomes fell when adjusting for inflation and taxes.

    Two of the country’s biggest retailers, Walmart Inc. and Best Buy Co. , warned last week that a steeper-than-expected pullback in shoppers’ spending would crimp their profits. The latest financial results also show that many big companies’ profits have held up so far this year by passing along to consumers higher labor and fuel costs.

    Consumer confidence, however, has softened. After raising interest rates for the fourth time this year to battle inflation, Federal Reserve Chairman Jerome Powell said Wednesday that people are going to the grocery store and finding that their budget no longer covers their usual shopping list.”

    “In general, people are not feeling good about the economy, and they’re not expecting things to get a whole lot better in the next year”

    “This sucker could go down” — George W. Bush

  19. ‘Russia is winning’.

    there is a small city in Germany called Baden-Baden where Russian Oligarchs loved to buy as many Villas as they could – and with their unlimited wealth they created some kind of local housing bubble and they already were winning nearly the whole city over – when in all restaurants Russian Menus were added –
    But now nearly all of the Villas are for sale and the people of Baden-Baden have lost.

    But as these – once overpriced Villas – will go back to the market with cuts like in Las Vegas ‘Russia’ – at least in Baden-Baden will have lost.

  20. Non-compliant narrative from the Burning Platform:

    “The fallacy that shutting down every business in the country would stop a virus was pure deception. The fact was our financial system started to seize up in September 2019 when overnight repo rates soared to 10%. The Fed knew a financial crisis was imminent and began cutting rates and restarted QE. This fake pandemic was the perfect cover for them to print trillions of dollars and for the government to hand out billions in freebees to freeloaders and those that couldn’t work due to their mandatory lockdowns. Lockdowns failed to stop the virus but did provide cover for a failing financial system. The raging inflation today is solely the fault of these central bankers printing trillions to support the spending by corrupt politicians. All built on lies.

    They said their clinical trials proved these mRNA potions were safe and effective. Pfizer and the FDA then tried to hide the trial data for 75 years. Why would they do that if their data proved their claims? Luckily a judge forced them to release the data. They needed to hide the data because it proves these vaccines are extremely dangerous and completely ineffective in stopping this virus or any virus. The animals tested with the poison kept dying, so they stopped testing them. Test subjects died or were injured by the vaxxes. These trial results should have shut the entire operation down, but billions in profits were on the line, so what were a few million deaths from the vaxxes. You have to break a few eggs to make a multi-billion-dollar omelet of profits for the ruling oligarchs and their minions.

    The silence about the truth is even more damning than the flagrant lies. Unless you follow truth telling doctors, bloggers, or journalists, you would never know about the millions of vaccine injuries and deaths reported officially into the VAERs database. The legacy media, still sucking the teat of Big Pharma advertising dollars, do not report the unusually high numbers of deaths among athletes, young people, unborn babies, and a myriad of other perfectly healthy people who died suddenly. They are actually trying to normalize heart attacks and myocarditis in teenagers using fake reasons like cold showers and climate change. The vaccines are literally killing far more people than they have saved. The all-cause mortality rates are soaring, and life insurance companies are racking up huge losses, because young people are not supposed to die at these rates. And these are the immediate deaths. No one knows the long-term impact of these jabs, but you can be sure it isn’t positive.

    It’s amazing Klaus Schwab and his Davos cronies at the WEF seemed to be so prepared and ready to not let this crisis pass without taking advantage of it to institute their Great Reset agenda. I don’t believe in coincidences, so when the richest sociopaths in the world gather at Davos every year and have their Bilderberg powwows, they aren’t discussing the weather, unless it is to utilize the fake climate change gibberish to gather more wealth and power. The richest and most powerful men on earth try to figure out how to become more powerful and wealthier. And this engineered pandemic, taking advantage of a dumbed down, non-critical thinking, social media worshipping, fearful public, was the opportunity of a lifetime for Schwab and his cult of acolytes.

    Everything we’ve been told by governments, the media, medical “experts, central bankers, corporate executives, and religious leaders since late 2019 has been a Big Lie. The Great Reset has been the plan all along and they are methodically implementing it. The inflation, high gas prices, food shortages, bird flu, cattle dying, drought, Ukraine war, climate emergency, monkeypox, variant of the week, abortion ruling leak, mass shootings where police stand down and allow it to happen, J6 hearings until November, EU self-imposed energy crisis, proxy war against Putin, saber rattling against China, ceaseless promotion of perversion in grade schools, the military, and television, and declaring white supremacy an extreme risk while blacks slaughtering each other in democrat run cities is ignored, are all part of the Great Reset agenda. They want to burn the world down so they can rebuild it as an electronic gulag, where we own nothing and are told to be happy, or we will be dispatched from their economic system by electronic excommunication.”

    Globalists gonna globe.

  21. Housing.

    Portlanders desperately try to sell off homes taken over by squatters (7/29/2022):

    “A two bedroom, three bathroom single family home has been placed on the market in Portland’s Southeast neighborhood for $330,000.

    There’s a catch though. The buyer that ultimately ends up purchasing the home will be tasked with removing squatters that have taken over the property.

    The home, placed for sale on, features photos only of the outside of the house, which sits at 5256 SE Flavel St. These exterior photos show copious amounts of trash strewn around the backyard, as well as numerous broken cars in the driveway.

    “Unfortunately there are squatters on the property and seller does not have resources to remove them and is willing to negotiate the price for a buyer to take the risk of closing,” the house’s listing reads on

    The neighborhood has reportedly become a hub of homeless people taking advantage of vacant homes, with neighbors saying that they now live in fear for their safety.

    According to KGW8, neighbors have begun barricading unused doors in their houses, investing in security systems, and buying things like baseball bats intended for self protection.

    “It’s unbearable to watch your whole city become a dumpster fire,” said Annette Benedetti, who lives near homes on Southeast 67th Avenue that have sat abandoned and have since had numerous homeless people move in, with RVs lining the streets.

    In early July, Benedetti said that 16 homeless people had moved into the neighborhood.

    “It’s a living nightmare,” added Dustin Shannon, another neighbor who has lived there for 19 years. “There’s no peace of mind, there is no sleeping well at night — every little noise, I’m jumpy.”

    Shannon’s backyard is next to one of these Southeast Portland vacant homes, and he frequently picks up needles and trash from a path that runs behind his house, an area that he no longer lets his grandson play in.

    “It just gets worse and worse by the day, more and more of them are showing up,” he said. “Stolen cars are showing up, they’ve got a pile of garbage out back that is taller than me.”

  22. ‘Globalists gonna globe’.

    and as this blog seems to be pretty much united that it is some ‘globalists’ who are responsible for ‘everything’ – and it really can’t be ‘Klaus Schwab and his Davos cronies at the WEF’ – as they not even managed to keep their meetings during the Pandemic alive –
    who are these ‘globalists’??!
    As especially during the Pandemic nearly every country did ‘it’s own thing and thusly so much chaos was created – that not even the utmost powerful countries like the US were in control anymore.

    So who are these ‘globalists’ who supposedly ‘rule’ –

    As posting from Germany I can promise that Germany is just ruled by the German people who have elected a government which just rules Germany and nothing else.

    1. and as America currently seems to be ruled by a guy called Joe Manchin –
      (just joking)
      – is he ‘the globalist’?
      (from West Virginia)

    2. “… and as this blog seems to be pretty much united that it is some ‘globalists’ who are responsible for ‘everything’ – and it really can’t be ‘Klaus Schwab and his Davos cronies at the WEF’ – as they not even managed to keep their meetings during the Pandemic alive –
      who are these ‘globalists’??!”

      In part they are the ones who are invited into the meetings at Davos. If you are invited to the WEF at Davos then you are “one of them”.

      1. From Wikipedia …

        “The flagship event of the World Economic Forum is the invitation-only annual meeting held at the end of January in Davos, Switzerland, bringing together chief executive officers from its 1,000 member companies, as well as selected politicians, representatives from academia, NGOs, religious leaders, and the media in an alpine environment. The winter discussions ostensibly focus around key issues of global concern (such as the globalization, capital markets, wealth management, international conflicts, environmental problems and their possible solutions).[3][50] The participants also take part in role playing events, such as the Investment Heat Map.[51] Informal winter meetings may have led to as many ideas and solutions as the official sessions.[52]

        “At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. Participation included more than 340 public figures, including more than 70 heads of state and government and 45 heads of international organizations; 230 media representatives and almost 40 cultural leaders were represented.[53]”

        1. “At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions.”

          That’s a mighty big cabal to rule over the rest of the humans on the planet! I wonder how 3000 people even come to agreement on a world dominion plan?

          1. Here is a snip …

            “The Covid-19 crisis, and the political, economic and social disruptions it has caused, is fundamentally changing the traditional context for decision-making. The inconsistencies, inadequacies and contradictions of multiple systems –from health and financial to energy and education – are more exposed than ever amidst a global context of concern for lives, livelihoods and the planet. Leaders find themselves at a historic crossroads, managing short-term pressures against medium- and long-term uncertainties.

            “THE OPPORTUNITY
            As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to build a new social contract that honours the dignity of every human being.”

          2. ‘I wonder how 3000 people even come to agreement on a world dominion plan?’

            They don’t and won’t – as somebody just posted that not even the 27 European Countries can agree on a energy emergency plan.

          3. I wonder how 3000 people even come to agreement on a world dominion plan?

            There is no doubt a hierarchy, probably headed by the Rothschilds and other banker dynasties. Sure, they invite entertainers and other blowhards to the summit to make it look “democratic”. It is worth remembering that most politicians, like Trudeau and Ardern are just the hired help and receive their marching orders from the true masters. The minute they stop obeying they are replaced.

          4. ‘There is no doubt a hierarchy, probably headed by the Rothschilds and other banker dynasties’.

            when I was young it was ‘the Illuminati’ or ‘the Bohemians’ –
            but we think they’re all dead now?

      2. ‘If you are invited to the WEF at Davos then you are “one of them”.

        Did ‘the Donald’ know that?

    3. as they not even managed to keep their meetings during the Pandemic alive

      They still met. They still plotted. They still made decisions that affect other people.

      Anyway, enjoy your natural gas rationing this winter. I suggest you beat the crowds and buy more blankets now, before they’re sold out.

      1. ‘They still met. They still plotted. They still made decisions that affect other people’.

        But if they really would rule the world –
        the neighborhood of Portland which has reportedly become a hub of homeless people taking advantage of vacant homes, with neighbors saying that they now live in fear for their safety’.
        – would look like Switzerland –


        1. “Right?”

          Wrong. These Davos folks don’t care about the homeless of Portland or anywhere else, they only care about themselves.

          Do a little research as to who it is that attends these WEF meetings and decide for yourself if these people really care about anyone else or if they are in it just for the power.

          1. ‘Do a little research as to who it is that attends these WEF meetings and decide for yourself if these people really care about anyone else or if they are in it just for the power’.

            But my friend Greta was there and she cares a lot about everyone else.

      2. I don’t engage with the trolls here. It’s more fun to share articles from Russian state media (which contain more truth than anything you’ll read in the New York Times and the Washington Post) about the total economic collapse unfurling in nations that are owned and governed by the World Economic Forum.

        Sputnik News — German Finance Minister Calls for Cessation of Gas Use for Power Generation (7/31/2022):

        “Germany should stop using gas to generate electricity in order to avoid augmenting the energy crisis, Finance Minister Christian Lindner said on Sunday.

        “We must work to ensure that the gas crisis does not lead to a crisis in electricity generation. Therefore, electricity should no longer be produced using gas. [Economy Minister] Robert Habeck has the power to prohibit it.”

        “They’re not sending their best”

        1. Germans are industrious and innovative. They might struggle, but they’ll make it, but I’m not sure about the EUs welfare states. Whenever Europe looks for bailouts and support they look to Germany. Heck, might be able to get the entire evening for the proverbial peanut butter-n-jelly sandwich in Greece.

  23. Is war about to break out in the Balkans?

    Kosovo army plans to attack northern Serbia at midnight – Serbian President Vucic

    BAKU, Azerbaijan, July 31. Serbian President Aleksandar Vucic said that the Kosovo army plans to attack the country at midnight, Danas edition says, Trend reports.

    According to him, detachments of Albanian police have already gone to Yarinya and Brnak.

    “I think that we have never been in a more difficult and tough situation than today. Why did I say this? The Pristina regime is trying to use the mood in the world by presenting itself as a victim,” he said.

    1. To an outsider, other than possibly using a different alphabet, the Balkan states are indistinguishable from each other. They’re all Slavs.

  24. Re: central banks’ unsustainable policies have created an ‘everything bubble,’

    Actually, it is the relentless debasement of the monstrosity called Fiat (say-so) currency created in the U.S. by Richard Nixon by going off the gold standard in blatant violation of the Constitution and the wisdom of the Founding Fathers to pay for the Vietnam blunder with counterfeit money which spread worldwide due to the Bretton Woods Agreement tying all other currencies to the US Dollar and is making everything look like a bubble just as to someone sitting in a train moving forward everything appears to be going backward.

    Further complicating the problem is the tendency of the clueless bunch of dunderheads called Economists to confuse price fluctuations due to supply/demand with inflation. As a result, they forever keep trying to cure cancer with aspirin and are baffled when their medicine does not produce desired results and actually keeps making the malady even worse.

    The fact of the matter is it is the Fiat currency which is seeking its logical level, i.e, zero, because –

    “Paper money eventually returns to its intrinsic value – zero.” – Voltaire

  25. Oh dear….

    Australian house prices fall at ‘fastest rate’ since 2008 financial crisis

    House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are “likely to worsen” as interest rates continue to rise, according to property analytics firm CoreLogic.

    The latest data shows that the nation’s median property value has dropped by 2 per cent since the beginning of May, to $747,182 (a figure which includes houses and apartments).

  26. UK Guardian — Food and fuel poverty has more than tripled in a year (7/30/2022):

    “The number of people seeking help because they cannot afford both food and energy has risen more than threefold in a year, according to new data that highlights the increasingly tough choices households face between heating and eating.

    The figures, published by Citizens Advice, lay bare the difficulties caused by spiralling domestic energy costs, which charities say are driving millions into fuel poverty.

    The cap on average household gas and electricity bills in the UK – set by energy regulator Ofgem – is likely to soar in October from £1,971 to £3,500, according to forecasts issued last week.

    The level of the cap will be revealed on 26 August, and further rises are possible in January. This prompted a clamour for more government and the two Tory leadership contenders, Rishi Sunak and Liz Truss support. But the new data shows that the number of people struggling to eat and pay for energy has already surged, even before the new cap kicks in.

    Between April and June last year, 297 people contacted Citizens Advice for help with both food bank referrals and money to top up their energy pre-payment meter. In the same period of 2022, the number of people suffering both problems surged to 1,002, an increase of 237% in the space of a year.

    Morgan Wild, head of policy at Citizens Advice, said the numbers were “truly shocking”. “That’s people who literally can’t afford to either keep their lights on or put food on the table,” he said.

    So comfy here in the USA. It’s 92 degrees outside and the air conditioning is set at 62 degrees (Fahrenheit for the Eurocucks). We have, to an extent, national sovereignty, and despite the setbacks of January 2021 to present, after the 2022 and 2024 elections USA voters will correct the course and restore the energy independence our nation had as recently as 2019.

    Trolls can f* off back to Reddit, I’ll be taking hour long hot showers this winter and heating my home to 85 degrees.

    “They’re not sending their best”

    1. Food and fuel poverty has more than tripled in a year

      The globalists’ plan to steal every last penny from the poor and middle class is working.

      The only good globalist is a dead globalist.

      1. @’The only good globalist is a dead globalist’.


        Some German ‘Mr. Schwab? –
        (as another commenter here suggested?)
        But why do you want him dead if you think that he is responsible for all his Germans freezing in Winter?
        And you want ‘them Germans’ to freeze in Winter –
        Or not?
        In order to have a War Criminal WIN and have him buying more huge Houses god knows where – payed with all the winnings he makes for his gas – he made so expensive which invading another country and bombing and killing – in order to be able to pay double for a new Yacht?

        Or am I completely confused?

    2. I haven’t discussed this with the UK relatives. No point rubbing salt into the wound.

      £3,500? That’s about $5000 USD. That’s 3X what I spend. and I run A/C in the summer, it gets much colder here in the winter and I don’t live in a tiny dollhouse sized flat.

  27. Do you notice how the porcine beauticians who write MSM articles on housing almost universally opine that “this time is different” and “the housing market downtown will be mild” because “shortage”?

    Based on personal experience, the effect of the early 1990s recession on California housing was long and deep. When we bought in 1996, four years after the recession nominally ended,
    our new neighbors told us we had made a mistake, based on how much all of them had lost on the value of their homes. So the claim that this bust will be mild and “more like in the early 1990s” than the last one rings pretty hollow for me.

    1. What Happens in a Recession to House Prices?
      By Giulia Carbonaro On 7/29/22 at 6:30 AM EDT

      With the economy shrinking for a second quarter in a row, the U.S. is in recession, according to a common definition, although President Joe Biden denies it.

      For aspiring home buyers, that means that home prices, which have skyrocketed in the past 12 months, are now likely to finally start falling, according to experts. But price drops might not be as significant as a recession would suggest.

      The way the housing market reacts will depend on what kind of recession it will be, Managing Director at Fitch Ratings Kevin Kendra told Newsweek.

      “Clearly we had a recession following the financial crisis [2008-2009] that was driven largely by the housing overvaluation,” said Kendra.

      U.S. home prices fell by over a fifth on average from the first quarter of 2007 to the second quarter of 2011.

      “So what happened to home prices in the recession following the financial crisis will be different than what happened with home prices following other recessions that might have been triggered by other mechanisms, by a general slowdown in the economy, for example.”

      So the question we should ask ourselves, Kendra said, is what type of recession are we going to be in and what’s triggering that? And how will that potentially impact on home prices?

      “When we think about it from that perspective, I would say that we’re probably more likely to be going into something that is a 1990s-type of recession where there was a broad downturn in all sectors, it wasn’t concentrated in one particular area,” Kendra told Newsweek.

      “I think there’s a general slowdown in the economy that is broad across many sectors and broad across almost all regions. I think that type should have a dampening [on home prices], but it shouldn’t have a severe drop in home prices. So I think that it would be a manageable lowering of home prices.”

      This slowdown of the housing market has already started.

      For the past two years, the housing market has seen an incredible surge in demand boosted by low interest and mortgage rates during the pandemic, while supply remained limited.

      This combination fueled home prices, which have since become unaffordable for many, especially first-time buyers. This year, mortgage rates reached their highest level since 2008—the time of the U.S. Great Recession and the housing crash—pricing out buyers.

      Now, the pandemic-era housing boom is finally showing signs of slowing down.

  28. If you do not sign this bill, you do not support the $400 billion porkapalooza that is in it and will be paid out to an untold number of Woke BLM Soros ACORN like vote rigging groups and Democrat donors that will not spend one penny on Veterans’ Health Care!

    Jon Stewart Excoriates GOP Senators For Blocking Veterans’ Health Bill

    Jul 29, 2022

    1. Callie Patteson
      July 29, 2022

      Comedian Jon Stewart doubled down Friday on a viral rant ripping Republican senators who voted against advancing a bill that would boost benefits for veterans who were exposed to toxins from burn pits during their service in Afghanistan and Iraq.

      Forty-one Republican senators voted against cloture Wednesday on the Honoring our PACT Act, accusing Democrats of using the measure to hide a “budget gimmick” that would permit $400 billion in spending unrelated to veterans’ health care.

        1. One of the guests on Fox said 85 would immediately if it was taken out. The same guest said this bill has been around for years and has just been packed with Pork and voted on for obvious reasons.


    At a news conference at City Hall, landlords say the moratorium could push some of them into bankruptcy and foreclosure because it doesn’t allow them to collect rent and some of their tenants are taking advantage of the situation.

    “Our home has been stolen from us so that tenants, one of whom owns a DeLorean, can go to Burning Man and rent yachts for birthday parties and sail up in hot air balloons,” property owner Liz Reckart said. “Our home has been stolen from us, not by our tenants, but by the overly broad policies created under Mayor Eric Garcetti and upheld by the majority of our City Council.”

    1. While Boise is a lovely enough town, it doesn’t strike me as a place where “everyone wants to live”. It’s out in the middle of nowhere in Idaho, for one thing.

      When the investor money pours back out, their home prices may drop by a large measure due to the absence of fundamental demand.

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