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Buyers Can’t Qualify Or Afford, And Probably Don’t Want To Catch Falling Knives Anyway

A weekend topic starting with the LA Daily News. “Q. Am I wrong to suggest that prices are already falling sharply, we just can’t see it? Wolf: I don’t think falling home prices are widespread yet, but there are absolutely pockets of Orange, Los Angeles, Riverside and San Bernardino counties where we have seen a drop in overall values. But I do agree with your assessment that pricing data that is looking at closing transactions vs. contract sales are missing how quickly the market has shifted and that home prices have started to come down in parts of Southern California.”

The Express News in Texas. “‘The rental market has been on an upswing,’ said Austin Investor Interests LLC founder Robin Davis. ‘This has generated investor interest as San Antonio has been assumed to be the next boom town.’ But the market has begun cooling off. ‘Occupancy is now slowing, new inventory is rising and in-migration is tapering,’ Davis said. Transactions across San Antonio’s multifamily market have ebbed in recent months because of rising interest rates, higher financing costs, funding constraints and concerns about economic headwinds. ‘The market has seen a significant slowdown,’ Davis said. ‘Many investors have taken their assets off the market or are willing to negotiate a price reduction.'”

Real Estate Business Online. “Dallas-Fort Worth (DFW) has been one of the hottest multifamily markets in the country over the past five years. And as the area’s growth pushes further north, developers and investors are finding plenty of liquidity to support transactions. Multifamily developers have seized on the growing demand, and they are following the Dallas North Tollway and U.S. Highway 75 north in pursuit of new projects. Merchant builders are constructing these projects in 18 to 24 months, stabilizing rent rolls and then selling after 36 months.”

“Despite recent upticks in interest rates, borrowers are still finding plenty of liquidity. Banks are providing financing, as are life insurance companies and debt funds. In particular, Fannie Mae, Freddie Mac and FHA/HUD represent the most efficient and lowest-cost sources of capital. We are seeing some transactions in the market occur at negative leverage, or at cap rates that are beneath the all-in borrowing cost. Investors still see this value proposition with multifamily investments, especially if those assets are in markets such as North Dallas or other parts of the Sun Belt.”

Nevada Business. “A report released this week by the Nevada State Apartment Association shows apartment rents in Southern Nevada declining during the past quarter while vacancy rates are rising from the all-time low set last year. There are now more than 13,500 vacant apartment units in Southern Nevada, according to the report. As of the third quarter, about 8,600 local apartment units were under construction, which will expand existing apartment inventory by 4.9% once complete. The bulk of the new developments are in Henderson and Summerlin.”

Islander News in Florida. “Real estate prices continue their cooling off trend across Miami-Dade County as this week’s list reveals. During the period of Oct. 3 to 7, a Brickell one-bedroom unit with short-term rental capabilities (Hello, AirBnB cash flow!) sold for $95,000 under the listed sales price. As you read through this list, you’ll see that properties selling in the seven-figure range are closing for substantially less than the original asking price. And single-family homes, which were selling for well-above the asking price just a year ago, are no exception.”

The San Francisco Chronicle. “A real estate tech ‘unicorn’ headquartered in San Francisco has laid off nearly a third of its staff, about 100 employees. Pacaso, a property tech (or ‘proptech’) startup that promises ‘second home ownership’ at a fraction of the cost in a model not entirely dissimilar to timeshares (and fellow real estate startup unicorn Sonder), has cut its staff by 30%, attributing the layoffs to larger economic headwinds. CEO Austin Allison expressed concerns over broader economic issues, including the risk of a possible recession, affecting Pacaso’s business model.”

“In a press release published last Friday, Oct. 7, Allison described the demand for ‘luxury second homes’ — Pacaso’s core product — as ‘unprecedented, unsustainable,’ but said that he remains ‘bullish’ on second homes.”

From Market Watch. “Taylor Marr, deputy chief economist at Redfin, added that looking over a bigger time period, i.e. a month, the company’s data shows that a quarter of homes right now are dropping prices. ‘We have never been this high,’ Marr told MarketWatch. ‘It doesn’t hurt to make a low ball offer,’ Marr added. ‘Some sellers are desperate, and that can be a good strategy … we’ve heard from some of our own agents that some buyers are getting incredible deals right now.'”

From CBC News in Canada. “An undercover investigation by CBC Marketplace has exposed some networks of real estate agents, mortgage brokers and bank employees facilitating mortgage fraud for a fee. They are recorded on hidden camera offering to connect buyers with fabricated documents showing fake employment, salaries and tax filings, so buyers can obtain loans they would not otherwise qualify for. This crime also has repercussions for Canadians as a whole, says Dan Eisner, CEO of True North Mortgage. ‘As interest rates rise and house prices drop, these buyers are most likely to default on their payments and that can put further downward pressure on the housing market through panic sales,’ he said.”

“As home prices continue to plummet, these buyers are at greater risk, Eisner says. ‘If people obtain mortgages fraudulently and they thought their backup plan was to sell the house if I can’t afford it, that backup plan’s disappearing. It also keeps honest people out of the market as they compete for various homes.'”

“‘Income is not an issue,’ said one real estate agent while showing documents he was working on for other clients. ‘This is what we turn into their income. Even if you are making zero dollars, even if you are a housewife, we can make the income. The only thing we cannot make is credit.'”

“‘You know, by books, you will not qualify,’ said another agent, who went on to describe how his contacts could help. ‘They will do some documentation showing that you guys are making more and they will get you what you want. But they cannot openly say it out in public because that’s not true. They will make a T4, they will make like she is on the payroll, they will use any company’s payroll and put their name onto that, right,’ said a third.”


“To test how often mortgage agents will provide false documents without a referral from a real estate agent, Marketplace producers also cold-called 25 mortgage brokers or agents in five hot real estate markets across the country including the Greater Vancouver area, Calgary, Edmonton, the Greater Toronto Area and Montreal. The majority of mortgage agents said they would not help with a fraudulent mortgage application, but one in five said they would. ‘My team will ask for $3,000 and I charge one per cent of the mortgage amount,’ said one mortgage agent, offering to help with the fraud.”

“Marketplace‘s investigation has also found that fraudulent mortgage applications supported by fake employment and tax documents are being pushed through by individuals working at Canada’s biggest banks. ‘You will get the bank rate, you will get everything from the bank,’ said one real estate agent in response to a question about where the fraudulent mortgage would come from. ‘There are three or four who are my own guys, right? This is not their first time or their third time doing this. They are in with the banks. They find some alternatives for even the underwriters.'”

“Eisner of True North Mortgage says his company calls every employer on the applications but many other lenders don’t. ‘I guess they look at their portfolio and say, ‘Well OK, maybe some percentage is fraudulent,’ and they’re OK with that.'”

The Canadian Press. “The Canadian Real Estate Association says the country’s housing market continued to slow in September – a stark contrast from the flurried pace of sales the fall usually delivers. Instead of the frenzy, they found few bidding wars and many sellers discouraged from listing their properties because they feared they wouldn’t fetch as much money as their neighbours did at the start of the year, when the market was moving at a torrid pace.”

“Robert Kavcic, a senior economist with BMO Capital Markets, said the conditions are causing a ‘standoff in the market.’ ‘Buyers can’t qualify for, or afford, early-year prices, and probably don’t want to catch falling knives anyway (how quickly the sentiment turned),’ he wrote. ‘But, sellers are able to hold out for better market conditions or, in the case of investors, put units on the rental market. In other words, the market is just not clearing right now – hence the lack of transaction volumes.'”

The New York Post. “The decision to award the Nobel Memorial Prize in Economics to former Fed Chair Ben Bernanke was widely panned on social media as critics blamed the then-central bank chief for contributing to the 2008 global financial crisis. The news was met with disbelief on social media. Journalist Matt Taibbi, a harsh critic of the bailouts given to financial institutions as a result of the 2008 crisis, tweeted: Giving Ben Bernanke the Nobel Prize in Economics may be the drunkest decision of all time.”

“Irina Tsukerman, a business analyst who heads Scarab Rising, told The Post that Bernanke’s critics have a point. ‘The 2008 global financial crisis came about as a result of a ‘perfect storm’ [of] predatory lending of low-income homebuyers … which encouraged borrowing and mortgages for people who could not afford them’ as well as ‘excessive risk-taking by banks and other global financial institutions,’ Tsukerman told The Post.”

“She said the Fed under Bernanke ‘contributed to all three factors’ due to its ‘failure to take necessary steps to avoid the catastrophe by raising the interest rates in a timely manner, which would have encouraged savings and would have moderated excessive spending and other risky practices.’ Tsukerman faulted Bernanke for proposing a ‘quantitative easing’ program that ‘involved the unconventional purchase of Treasury bond securities and mortgage-backed securities to increase the money supply in the economy.'”

“‘Now Bernanke is getting a Nobel Prize for encouraging irresponsible fiscal behavior at a time of global inflation and after many years of US government following his example by printing Monopoly money,’ Tsukerman said.”

Real Clear Markets. “Bernanke believes economic growth causes prices to rise. As he told Cato Institute co-founder Ed Crane in 2005 during a one-on-one lunch, growth is ‘inherently inflationary.’ Actually, it’s the opposite. Economic growth is a consequence of investment, and investment is all about producing exponentially more at prices that continue to fall. All goods that we covet, from cars, to computers, to radios, start out nosebleed expensive only to decline in price as investment in production efficiencies pushes their prices down. Rest assured that in Bernanke’s lifetime, private flight will become common.”

“That’s the way of things in a real world that Bernanke is only vaguely in touch with. Imagine one of the modern faces of economics believing growth causes inflation. Worse, consider the bigger meaning of all this. Bernanke is wedded to the false notion that country economies are limited by the supply of labor and production capacity within their borders, and as a result, Bernanke believes it’s the job of central bankers to centrally plan job loss and economic sluggishness so that economies don’t ‘overheat.’ Look it up. Yes, he believes this stuff. In reality, every market good and service is the consequence of global labor and capacity inputs, such that there’s never a scenario of the ‘gap’ in ‘output’ being filled.”

“If we ignore that the Fed’s power to manage the economy toward growth or decline is vastly overstated, we can’t ignore that economists like Bernanke believe that central banks can and should put people out of work to keep inflation in check. Yet Bernanke is now a Nobel Prize winner. How embarrassing for economists, and how embarrassing for the Prize.”

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This Post Has 163 Comments

  1. Serprise serprise, there’s fraud everywhere! And there’s no bigger fraud than globalist scum central bankers and this dog bernak-ie!

  2. Try not to catch yourself a falling knife 🔪 in a falling price housing market.

    And try not to get stucco with an underwater mortgage.

    1. “… home prices have started to come down in parts of Southern California.”

      They told me that California real estate always goes up!

  3. ‘Despite recent upticks in interest rates, borrowers are still finding plenty of liquidity. Banks are providing financing, as are life insurance companies and debt funds. In particular, Fannie Mae, Freddie Mac and FHA/HUD represent the most efficient and lowest-cost sources of capital. We are seeing some transactions in the market occur at negative leverage, or at cap rates that are beneath the all-in borrowing cost’

    Sure guberment subsidies to cash flow losers that are flipping new ‘luxury’ apartments! That’s what ‘merchant builders’ are. That’s the whole industry since I started watching it in 2014.

    1. “In particular, Fannie Mae, Freddie Mac and FHA/HUD represent the most efficient and lowest-cost sources of capital.”

      Will these government housing subsidizers need bailouts to fund claims payments from unfunded loan guarantees against losses on soon-to-be underwater mortgages?

    2. “With that said, there are plenty of transactions occurring with financing costs that are still beneath in-place cap rates. We are seeing investors and buyers utilize floating-rate debt coupled with the purchase of aggressive interest rate caps that are limiting their overall rate exposure.”

      Amazing stuff that magic fairy dust, able to defy financial gravity.

        1. Right before the ending it looked like the security detail was concerned about the guy recording this clip.

        2. If you watch closely you’ll see that he even leans in and takes a deep whiff, like a dog sniffing a crotch, right at the beginning before the inappropriate touching and disgusting comments begin.

    2. You can’t photoshop the look of extreme consternation on the girl’s face in the left photo.

      Of course Trumpy is no less creepy…it almost seems like a job qualification.

      1. Please provide 3 examples of Trump creeping on young girls who aren’t Ivanka. I think we now know why those images were publicized: projection. You can find easily find many many more of Biden.

          1. from your own article:

            “Jane didn’t allege any improper behavior by Trump and didn’t go into further detail about why she was at the resort.”

            “hooked up”? LOL I think you do have stucco in your head

          1. You can’t provide one example of an underage girl. He was certainly a playboy but he’s not a pedophile. After 6 years, we’d have more than innuendo.

      3. “Trumpy is no less creepy”

        If you can watch the compilation video of Biden groping or inappropriately touching a dozen or so young girls, plus his daughter’s diary, and you stand behind that statement, well maybe you’ve got stucco in the head.

      4. Of course Trumpy is no less creepy…it almost seems like a job qualification.

        I believe this is known as the Tuo Quoque fallacy.

        1. fallacy

          It’s not that. It’s an attack meant to discredit the critic.

          Disclaimer: I have a history of physically touching the fair gender in intimate ways. Entirely consensual and “legal”.

  5. Allison described the demand for ‘luxury second homes’ — Pacaso’s core product — as ‘unprecedented, unsustainable,’ but said that he remains ‘bullish’ on second homes.

    It’s time shares you clown. Slightly more scummy than renting fecking desks.

  6. While Democrat-Bolshevik jurists give vibrants free rein to cavort with impunity, God help any Deplorable who doesn’t share their mask fetish or refuses mindless compliance with “mandates” that have no legal basis.

    Judge JAILS juror for a day for refusing to wear a mask – despite no such mandate existing: Navy vet dad says was ‘worst 24 hours of my life’ – given orange jumpsuit and tossed in cell with criminals

    https://www.dailymail.co.uk/news/article-11317985/North-Carolina-dad-spends-24-hours-jail-refusing-wear-mask-judge.html

    1. More from Louisville where last year’s Marshall fire wrought massive dwelling loss: “Most people who lost a home in the Marshall Fire have not submitted papers to rebuild. Out of 1,000 homes destroyed, fewer than 200 permits have been issued or are still under review…In Superior, debris has been removed from 381 properties, but the town has only issued 47 building permits as of Thursday.

      Louisville has issued 61 permits. The Marshall Fire destroyed 550 properties in that city. “

      1. I’m sure the new property insurance policies will reflect the increased risk of rebuilding there. And realize that many of the people who lived there likely lost everything, and the terrifying experience of leaving in haste with only the clothes on your back is difficult to overcome when deciding to rebuild there.

        2. the terrifying experience of leaving in haste with only the clothes on your back is difficult to overcome when deciding to rebuild there.

          I wonder how many left town.

          1. I wonder how many left town. Leaving the burn area will be a long, drawn out affair. The victim’s desire to stay put will increasingly conflict with the realities of the area: very prolonged, difficult, expensive to restore those 1000 missing homes, and meanwhile their lives go on. Come back in 20 years or so and then take a poll.

          2. I wonder how many left town. Leaving the burn area will be a long, drawn out affair. The victim’s desire to stay put will increasingly conflict with the realities of the area: very prolonged, difficult, expensive to restore those 1000 missing homes, and meanwhile their lives go on. Come back in 20 years or so and then take a poll.

      2. Out of 1,000 homes destroyed, fewer than 200 permits have been issued or are still under review

        From what I have read, the rebuild bids are absurd.Builders want 800K to rebuild a 600K house that originally cost 200K to build. In most cases the insurance won’t provide enough to rebuild. So I could see some people paying off the mortgage and keeping what’s left. Maybe someday they will be able to sell the lot. I do recall stories from some months ago before mortgage rates went up of burned out lots selling for a king’s ransom. I’m gonna guess that has stopped.

        1. “Builders want 800K to rebuild a 600K house that originally cost 200K to build.”

          The many wonders of rampant appraisal fraud.

          Isn’t it odd than nobody like to call it that.

        2. Part of the problem is people don’t understand what they signed up for. They signed up and paid for home insurance to put them back at where they were. People get burned out and they want to do upgrades and this and that and build huge mansion cuz they hit the lotto. But insurance company says “nope, just like you were”

          And given the massive cost increases of EVERYTHING over last 5 years, most everyone is under insured. Check your policy there’s a number that says what they are going to pay to put you back. If that number is less than what you think it’s going to cost then you better update (and pay more) for your policy. But of course no one does that cuz it might cost more per year.

          1. I believe I’ve had “fire” insurance that wouldn’t pay out if the original structure, in the original place, wasn’t replaced.

      3. The new rules and codes are ridiculous. You HAVE to have electric charging stations in your garage, one per garage space. (think about the power needs that requires). has to be solar capable. probably all electric (since that’s the big push) even though they were certainly natural gas before. And the permitting is riducclous. Even to remove debris is like 60 grand. Pffffffffffffft it’s like a couple dump trucks and move on. Oh no, you have to cover it and recycle what you can and no dust. (it’s windy all the time there).

        Not only were most people underinsured (because most of those areas were built in the 90’s for 250k or so but they all got upgraded a billion times cuz now they were “worth” 1 million but you keep the same insurance policy. Meh you roll the dice, sometimes you lose. But the fees, permits, etc make it much more expensive than it should be to rebuild.

        But whatever, they voted for it, supported it, loved all these “green” policies until they affected them.

        1. But the fees, permits, etc make it much more expensive than it should be to rebuild.

          One can only conclude that the city and county don’t want anyone to rebuild. This is Boulder County after all.

          But whatever, they voted for it, supported it, loved all these “green” policies until they affected them.

          I’m sure they all felt very smug, until they got the rebuild bids. I’ve met a few refugees from The People’s Republic of Boulder here in Larimer County. They seem to prefer “cosmopolitan” Fort Collins over lowly Loveland. And you won’t catch them dead in Greeley, which is in Weld County.

    2. Boulder County Mortgage Defaults Soar
      I wonder how many mortgages defaulted due to last year’s Marshall fire?

      1. Probably everyone who recently bought with a low down mortgage. They couldn’t rebuild with what the insurance gave them. I suppose that the mortgage company gets first dibs on the insurance money should the homeowner default.

    1. The Financial Times
      UK Government
      Jeremy Hunt warns of spending cuts in bid to restore UK economic credibility
      New chancellor says taxes must rise after prime minister Liz Truss failed to reassure markets
      Jeremy Hunt launched a round of media interviews on Saturday in which he buried the last parts of the prime minister’s low-tax economic strategy
      Sebastian Payne in London
      3 hours ago

      Jeremy Hunt, the new UK chancellor, has admitted taxes will have to rise and spending will have to be cut after prime minister Liz Truss failed to reassure markets with a U-turn on cutting corporation tax.

      In his first interviews since replacing Kwasi Kwarteng, who was sacked by the prime minister on Friday, Hunt buried the last parts of Truss’s low-tax economic strategy and admitted there were some “very difficult decisions ahead”.

      “Taxes are not going to come down by as much as people hoped, and some taxes will have to go up,” he told the BBC’s Today programme, adding: “If we’re going to fund the NHS and our public services and keep taxes down, we have to solve the growth paradox.”

      Gilt markets were hit by a fresh sell-off on Friday afternoon after an abrupt eight-minute Downing Street press conference by Truss, and Whitehall is braced for further turbulence when markets reopen on Monday.

      One senior Whitehall official said: “What Liz did is clearly not enough, there’s going to be more U-turns and more pain ahead. I don’t think they’ve clocked yet that it could be about to get even worse.”

      Although Truss had instructed Hunt that there would be no further U-turns on last month’s disastrous “mini” Budget, the new chancellor told the BBC on Saturday that he would be “completely honest with the country” about the crisis and that spending cuts would be required.

      “I’m going to be asking all government departments to find additional efficiency savings,” he said. “[There will be] difficult decisions on spending, which is not going to rise as much as people hope.”
      …

  10. Remember several years back a couple of guys went around Australia, asked REIC/UHS types to commit fraud and found it was a hell yeah! kinda thing. Guberment of course had a ‘commission’ of very serious people and they fixed it oh boy! This systemic fraud is the only way you get multi-million prices in these sh$tholes with a queen on their money. And it’s the same in the US.

  11. The Democrat-Bolshevik Party is corrupt to its core, yet we’re supposed to believe that any suggestion of large-scale voter fraud during the 2020 election is “baseless.”

    Stacey Abrams’ voting accessibility PAC is being INVESTIGATED after doling out thousands to director’s family and friends with no political experience – including $120K for ‘consulting services’ to director’s sister

    https://www.dailymail.co.uk/news/article-11317729/Probe-launched-Stacey-Abrams-group-funnels-thousands-directors-family-friends.html

  12. “An undercover investigation by CBC Marketplace has exposed some networks of real estate agents, mortgage brokers and bank employees facilitating mortgage fraud for a fee.

    .

    1. Next you’ll tell me networks of corrupt Democrats (there is no other kind) came up with 14 million fraudulent votes for Biden in 2020. This is my “stunned disbelief” face.

  13. #ClownWorld

    Breitbart — Virginia Parents Could Face Felony Charges for Not ‘Affirming’ Child’s Gender Identity (10/14/2022):

    “Virginia state Del. Elizabeth Guzman (D) plans to introduce legislation in order to combat Gov. Glenn Youngkin’s (R) model policies on the treatment of “transgender” students in Virginia schools.

    The planned bill would expand the definition of child abuse to include parents who are not willing to “affirm” their child’s stated gender identity or sexual orientation, with Guzman telling the outlet that if a child reports such an incident, “the job of that mandated reporter is to inform Child Protective Services (CPS).”

    “That’s how everybody gets involved,” she continued. “There’s also an investigation in place that is not only from a social worker but there’s also a police investigation before we make the decision that there is going to be a CPS charge.”

    Depending on the results of that investigation, Guzman said penalties could range from misdemeanor to felony abuse charges for parents and implied a goal of damaging the reputations of these parents if they do not follow the prescribed gender ideology.

    “We know that CPS charge could harm your employment, could harm their education, because nowadays many people do a CPS database search before offering employment,” Guzman said. “It’s educating parents because the law tells you the do’s and don’ts. So this law is telling you do not abuse your children because they are LGBTQ.”

    https://www.breitbart.com/politics/2022/10/14/virginia-parents-could-face-felony-charges-for-not-affirming-childs-gender-identity/

    Remember, when you buy a house, your property taxes are paying to promote this in the public schools.

    And you don’t have any choice.

    And if you disagree, the state will seize custody of your children (Marxism) and you will be tossed in the January 6th gulag.

    1. Re-post from a few weeks ago.

      Post Millennial — Heavily armed Antifa militants ‘stand guard’ outside Texas ‘kid friendly’ drag show (8/29/2022):

      “A “kid friendly” drag brunch for all ages was guarded against protests by armed Antifa militants carrying AR-15s. The drag event was held at the Anderson Distillery and Grill in Roanoke, Texas.

      Protestors outside the event were spit on and confronted by activists who support “kid friendly” drag brunches.

      Kris Cruz from Blaze TV reported that Antifa militants armed with AR-15s acted as “bodyguards” and escorted attendees to their vehicles. He added that Antifa and the staff worked together to provide “protection” for attendees.

      Kruz also reported that Antifa was placed strategically during the “kid friendly” drag show and “was armed like snipers on the 3rd floor of the parking garage.”

      https://thepostmillennial.com/breaking-heavily-armed-antifa-militants-stand-guard-outside-texas-kid-friendly-drag-show

      Attorney General Merrick Garland.

      What’s his name? Merrick Garland.

    2. “Virginia state Del. Elizabeth Guzman (D)”

      Silly me, I thought cocaine was the worst thing we got from Peru.

      Peru wants U.S. help to stop cocaine trafficking planes
      By Marco Aquino

      July 13, 2022

      LIMA, July 13 (Reuters) – Peru wants to secure a deal with the United States as soon as possible to help it tackle the use of planes to smuggle cocaine at a time when coca cultivation has been growing, the Andean nation’s anti-drug chief said on Wednesday.

      Peru, one of the world’s top producers of cocaine, has been seeking an agreement with the United States since March for “non-lethal” support in intercepting planes transporting illegal drugs.

      https://www.reuters.com/world/americas/peru-wants-us-help-stop-cocaine-trafficking-planes-2022-07-13/

  14. Naming.

    They fear being named.

    Revolver News — PayPal’s Unholy Alliance With ADL Opens the Door to a Massive Security Breach (8/12/2022):

    “Two weeks ago, PayPal abruptly announced a major new partnership with the Anti-Defamation League to investigate the financial transactions of its users:

    Through this collaboration, PayPal and ADL have launched a research effort to address the urgent need to understand how extremist and hate movements throughout the U.S. are attempting to leverage financial platforms to fund criminal activity. The intelligence gathered through this research initiative will be shared broadly across the financial industry and with policymakers and law enforcement.

    Both PayPal and the ADL have been remarkably cagey about the exact details of their collaboration. In particular, PayPal has done nothing to reassure consumers that it won’t be turning over enormous amounts of sensitive information to the ADL.

    There is certainly no reason to think PayPal has moral qualms about empowering the ADL or about weaponizing its business for political ends. PayPal CEO Dan Schulman is one of the most aggressively political CEOs in America. In 2016, Schulman canceled a planned 400-job expansion into North Carolina over the state’s transgender bathroom bill. The service has banned Alex Jones and Gab.com from using its services. And after January 6, PayPal cut off payments to GiveSendGo, the Christian crowdfunding site that allowed users to donate money for the legal defense of Kyle Rittenhouse and January 6 protesters.

    The ADL has not merely become pro-censorship and ideologically left-wing. It’s worse than that. The ADL can’t simply claim to be an advocacy group. An analysis of the historical record reveals that the ADL has a long history of using underhanded and even illegal tactics against its enemies, including full-blown espionage, theft, and surveillance. Furthermore, much of the ADL’s work, whether legitimate or illegitimate, is done on behalf of a foreign power.

    Today, the ADL is led by former Obama Administration apparatchik Jonathan Greenblatt.

    On its website, the ADL claims to be a “passionate” supporter of American free speech, and to oppose efforts at censorship. This is a lie. Under Greenblatt’s leadership, perhaps no left-wing non-profit has more emphatically swerved in a totalitarian direction for the sake of crushing its ideological foes.

    The ADL’s most famous push for ideological control came in April, when Greenblatt demanded that Fox cancel Tucker Carlson’s show for describing mass immigration as the “replacement” of existing American citizens.”

    https://www.revolver.news/2021/08/paypals-unholy-alliance-with-adl-opens-the-door-to-a-massive-security-breach/

    What’s his name?

    His name is Jonathan Greenblatt.

  15. Naming.

    Say the names. Name them.

    SPLC accused of pushing kids book that says kids can trans identify at age 2, sexualizes children (8/2/2022):

    “The Southern Poverty Law Center is facing allegations that the group is promoting a book for elementary school students that normalizes sexual behavior among children, drawing criticism from conservative Christian groups.

    Conservative news website Breitbart published a report last week about the SPLC’s “Learning for Justice” project, which includes an “LGBTQ Library” with a list of recommended books and practices that are controversial.

    Jeff Johnston, the culture and policy analyst for the Colorado Springs, Colorado-based Focus on the Family, denounced the guide as promoting “false ideologies and damaging behaviors for children of all ages.”

    “It promotes the false idea that there are not two sexes — male and female — but a variety of ‘gender identities,'” said Johnston in a statement emailed to The Christian Post on Monday.

    “It encourages schools to violate privacy and safety in restrooms, locker rooms and showers by allowing students who ‘identify’ as the opposite sex into those spaces. And it urges schools to use curriculums that are radical and sexualized. This is ideology masquerading as education.”

    https://www.christianpost.com/news/splc-accused-of-pushing-kids-book-that-sexualizes-children.html

    Mark Potok? Who is that? What’s his name?

    Mark Potok’s office at the Southern Poverty Law Center had a chart on the wall tracking the declining percentage of white people of the total U.S. population.

    Always be naming.

    Name them.

  17. Russia Today, because the New York Times and Washington Post are what President Donald Trump correctly referred to when he stated that “the media is the enemy of the American people.”

    Biden authorizes more weapons for Ukraine (10/14/2022):

    “US President Joe Biden ordered an additional $725 million in weapons shipments to Ukraine on Friday. The White House did not specify what the latest disbursement will consist of, only that it would be yet another drawdown of Defense Department “defense articles and services.”

    https://www.rt.com/news/564698-biden-pentagon-ukraine-weapons/

    The first hour of this morning’s C-SPAN Washington Journal call in show asked seniors only to call in and talk about inflation, their personal finances and the economy. It’s really depressing.

    Tucker Carlson tells Zelensky to ‘go away’ after aid demands (10/14/2022):

    “Ukraine’s “Christmas list” of demands for more assistance from the US should be rejected by Congress, popular conservative TV host Tucker Carlson said as he lashed out at President Vladimir Zelensky for his latest request of tens of billions of dollars to keep his government afloat.

    Speaking during his Thursday show on Fox News, the top-rated commentator dismissed the Ukrainian president as a “celebrity-endorsed dictator of the most corrupt nation in Europe.”

    “What? Some uppity foreigner in a T-shirt demanding money for his ‘critical economic needs’? We have critical economic needs too, buddy. Who are you, troll? Go away!” Carlson said, responding to the request. He asked the US leadership if the Ukrainian president had a claim on the nation’s treasury.”

    https://www.rt.com/news/564662-tucker-carlson-zelensky-aid/

    I’m a bit surprised that Tucker Carlson hasn’t been assassinated yet.

    Did you know that Zelensky’s parents live in a $8 million house with a $12,000 a month security detail?

    Who paid for that?

    You did. Your taxpayer money paid for that.

  19. A reader sent these in:

    The Kobeissi Letter

    Things the Fed said 1 year ago:

    1. Don’t worry, inflation is transitory

    2. Interest rates are unlikely to rise until 2024

    3. A recession is highly unlikely

    4. Inflation will fall to 2.0% in 2022

    5. The housing market is not in a bubble

    Literally not one statement was true.

    https://twitter.com/KobeissiLetter/status/1580999490072608768

    How about both ?

    https://twitter.com/WallStreetSilv/status/1581170508137046017

    This week, core inflation was the highest since 1982.

    The Fed has never stopped tightening when core inflation was above the Fed rate.

    Not once.

    https://twitter.com/SuburbanDrone/status/1580928986628075520

    Look at those flashing red cells in 2022

    We are witnessing the fastest repricing of US mortgage rates in 30+ years

    And the mortgage market underpins the huge $40+ trillion US residential housing market

    Marginal buyers are cut off

    The ”best case” ahead is a frozen market

    https://twitter.com/MacroAlf/status/1580970186949029894

    1. Last link includes a chart of 3-month change in percentage points of 30-yr fixed rate mortgages going back to 1990. 2022 definitely stands out!

  21. Peppermint Patty is back?

    Townhall — Jen Psaki and Liberal Scholar Debate on What to Do With the ‘Bad People’ Who Support Trump (8/14/2022):

    “Former White House Press Secretary Jen Psaki is concerned that there are still too many Trump supporters in the U.S. and exasperated that liberals will have to learn how to live them.

    During a segment on Jen Psaki’s new MSNBC show, Shadi Hamid, a senior fellow at the Brookings Institution, told the host that 74 million people must learn how to live with all of the “bad people” who support the former president.

    “I think we have to accept that people who we completely disagree with are sometimes going to win, so there’s, what, 74 million Trump supporters, voters? We can’t just wish them away,” Hamid said.

    “They’re not going to disappear. So then we have to find a way to live with them even if we think they’re bad people, even if we think they’re a threat to everything we hold dear, because what is the other option that’s in front of us? That’s the challenge because a lot of people will say, ‘Well, they’re deplorable and we can’t find a way to live with them,'” Hamid told Psaki.

    https://townhall.com/tipsheet/saraharnold/2022/10/14/jen-psaki-and-liberal-scholar-debate-on-what-to-do-with-trump-supporters-n2614548

    If only there was some way to make them disappear.

    Some sort of camps, perhaps?

    1. 74 million people must learn how to live with all of the “bad people” who support the former president.

      She seems to be saying that 74 million Biden supporters cast 81 million votes. Interesting.

    2. If only there was some way to make them disappear.

      Then who would do the real work, you know, keep the lights on and all that stuff? Even Psaki understands this and knows that recent Venezuelan arrivals can’t do it.

    3. ‘Well, they’re deplorable and we can’t find a way to live with them,’” Hamid told Psaki.

      When the whole thing comes crashing down in the not-so-distant future, millions of Democrat-Bolsheviks are not going to make it unless some Deplorable takes pity on them.

    1. I wonder how they will get around Prop 13 on this? And if they can, why not just tax ALL property more?

      1. Maybe you’ve never seen a property tax bill in California. You have the 1% amount based on prop 13, followed by a bunch of other special assessments and other taxes. At one of my houses I had two special taxes just for the local community college, in addition to a handful of others.

        1. followed by a bunch of other special assessments and other taxes

          Don’t those special taxes require taxpayer approval?

      2. “Tougher for the state to pass taxes: Prop. 13 requires any state tax to be approved with two-thirds of both houses of the legislature.

        Tougher for cities and counties to pass local taxes: Prop. 13 required two-thirds voter approval for any tax levied by local governments that was designated for a special purpose, like parks or roads.”

        https://projects.scpr.org/prop-13/history/

    2. SF Landlords are still recovering from hosting the CDC’s and/or Newsom’s rent moratoriums, and this city still practices rent control.

  23. Santa Clarita interest rate update October 14, 2022 where are we going with housing prices
    Oct 14, 2022

    If you are considering buying a home, make sure that you are keeping in touch with your lender because interest rates change daily in some cases. In other cases, they change more than once a day, hence the local lender story from a Logix Mortgage Lender.

    https://www.youtube.com/watch?v=BsI1rjhfN1s

    2 minutes.

  24. Thousands flooding to Austin for events are staying in unlicensed short-term rentals
    KXAN
    Oct 14, 2022 It’s something the City of Austin has been trying to navigate for years: Ensuring homes and apartments that may be suitable housing for Austinites in the midst of a housing crisis don’t get flipped to short-term rentals.

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

    2:38.

    1. KXAN
      Oct 14, 2022 “It’s something the City of Austin has been trying to navigate for years: Ensuring homes and apartments that may be suitable housing for Austinites in the midst of a housing crisis don’t get flipped to short-term rentals.”

      – “It’s something the City of Austin has been trying to navigate for years:”
      – “Trying.” Uh-huh.
      – STRs and mortgage fraud; both are happening, but shouldn’t be. When brown envelopes of $ are involved, the authorities tend to look the other way. Oh, and “it’s always a good time to buy.”

      – The entire system is corrupt. Top-down. Bottom-up.

      https://www.based-politics.com/2022/10/11/wsj-investigation-reveals-huge-corruption-in-federal-government/
      Bombshell WSJ investigation reveals runaway corruption in the federal government
      Brad Polumbo
      October 11, 2022

      “The Journal reviewed more than 31,000 financial disclosure forms and analyzed more than 850,000 financial assets and 315,000 trades to shed light on any conflicts of interest among more than 12,000 senior career bureaucrats and political appointees. Its investigation found that “thousands of officials across the U.S. government’s executive branch disclosed owning or trading stocks that stood to rise or fall with decisions their agencies made.”

      “Across 50 federal agencies ranging from the Commerce Department to the Treasury Department, more than 2,600 officials reported stock investments in companies while those companies were lobbying their agencies for favorable policies, during both Republican and Democratic administrations,” the Journal reports. “When the financial holdings caused a conflict, the agencies sometimes simply waived the rules.”

  25. Dallas Housing Market Update October 2022 I Dallas Home Prices 2022
    Oct 14, 2022
    In this video, we’ll share an update on the Dallas housing market. We’ll cover the latest developments in the Dallas housing market.

    If you’re looking for information about living in Dallas, be sure to check out this video! We’ll discuss the latest trends in the Dallas housing market. If you’re interested in buying or selling a home in Dallas, this video is a great resource for you! We are well into the North Dallas Housing Market Shift and this video is a MUST WATCH if you are thinking about buying or selling a home in North Dallas! We go over the DATA to see what is happening and how to make the best choice when buying or selling a home in North Dallas. Does the data show the market is crashing? Watch to find out. Should buyers wait or buy now? What housing data is there to look at to understand what is happening? Our market update and downloadable Dallas Market Report for September 2022 provides hard evidence that the real estate market in Dallas Texas is softening slightly but overall still very healthy and stable. Dallas Home PRICES are only falling 3% so far but we are watching and we are the experts with over 20+ years of real estate experience in this market. The Real estate Market has moved back towards a balanced market for buyers and sellers and we provide the data and interpretation of this data in this video. The should help buyers and seller in Dallas Texas shed the fear and misunderstanding of the current housing market to make the best decision on real estate in Dallas Texas and the surrounding suburbs.

    https://www.youtube.com/watch?v=PsKPw22W7UY

    6:23.

    1. Die, speculator scum. BTW, the Frisco Lodge is a great place to stay if you’re skiing Copper Mountain.

  27. The New York Post. “The decision to award the Nobel Memorial Prize in Economics to former Fed Chair Ben Bernanke was widely panned on social media as critics blamed the then-central bank chief for contributing to the 2008 global financial crisis. The news was met with disbelief on social media. Journalist Matt Taibbi, a harsh critic of the bailouts given to financial institutions as a result of the 2008 crisis, tweeted: Giving Ben Bernanke the Nobel Prize in Economics may be the drunkest decision of all time.”

    – The financial arsonists in charge of the fire brigade. Central banks are a plague upon the earth. Much worse than the CCP virus. The current wave of inflation – the worst in 40 years – was a direct result of central bank machinations, interventions, and financial repressions; over-stimulating and then not knowing when to turn off the spigot. Idiots and maladroits. One could just say inept. Wile E. Coyotes, Super Geniuses of the financial sector. And yet, Nobel Prize? Is the Nobel Prize Committee also “woke”?

    “I abandoned free market principles to save the free market system.” – George W. Bush, on CNN, December 16, 2008

    ‘It became necessary to destroy the town to save it” as reported by Peter Arnett, Tet Offensive, 1968

    “On Oct. 9, 2009, President Barack Obama won the Nobel Peace Prize for what the Norwegian Nobel Committee called “his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.” “

    “We tortured some folks,” Obama said at a televised news conference at the White House. “We did some things that were contrary to our values.”

    – Well, if Obama can be awarded the Nobel Prize, I guess anyone can. The Nobel Prize ain’t what it used to be.

    The Incredibles, 2004
    Helen Parr: “Everyone is special, Dash.”
    Dashiell Parr: “That’s just another way of saying no one is.”

    1. The Financial Times
      US midterm elections
      ‘The headwinds are pretty strong’: Democrats’ midterms hopes falter
      Republican candidates gaining ground in crucial battleground states amid bleak economic outlook
      John Fetterman, the Democratic candidate for senator of Pennsylvania, has been losing ground to his opponent, the former TV physician Mehmet Oz, amid concerns about his health following a stroke
      Lauren Fedor in Washington yesterday

      For a brief window this summer, the Democrats’ prospects in the midterm elections were looking up. A raft of Republican candidates were faltering in the polls, petrol prices were falling, and the Supreme Court’s decision to overturn Roe vs Wade had galvanised support for abortion rights.

      But with just under a month to go before the crucial vote, there are increasing signs that Democratic momentum has stalled, handing Republicans a slight edge as they seek to take back control of both the House of Representatives and the Senate.

      The latest inflation figures, released on Thursday, showed the consumer price index’s core measure of inflation rose 6.6 per cent on an annual basis last month, its fastest pace in four decades — allowing Republicans to keep hammering Democrats on their stewardship of the economy heading into election day on November 8.
      …

    2. “Is inflation finally contained?”

      “At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” – Fed chairman, Ben Bernanke, Congressional testimony, March, 2007

      “There is no housing bubble” – Ben Bernanke 2006

  30. Look up in the sky! It’s a bird! It’s a plane! No it’s a FED! FED! FED!

    ‘How Did that Guy Get Up There?’ Ray Epps Featured in CNN Propaganda Video Shot by Pelosi’s Daughter

    Infowars.com
    October 14th 2022, 6:12 pm

    A familiar face appeared in a CNN propaganda piece aired Thursday that followed House Speaker Nancy Pelosi (D-Calif.) during the January 6 protest.

    In footage shot by Pelosi daughter Alexandra Pelosi for an HBO documentary, excerpts of which were aired on CNN’s Anderson Cooper 360 Thursday, provocateur Ray Epps is prominently featured waving a Trump flag and talking on a phone atop a scaffold.

    https://www.infowars.com/posts/how-did-that-guy-get-up-there-ray-epps-featured-in-cnn-propaganda-video-shot-by-pelosis-daughter/

  31. Linked from No New Normal on dot win.

    Associated Press — German health minister urges stepped-up COVID-19 measures (10/14/2022):

    “Germany’s health minister on Friday urged the country’s 16 states to consider stepping up their measures against the coronavirus amid a rise in new cases.

    Health Minister Karl Lauterbach said he favors requiring mask-wearing indoors, a measure that has largely faded in Germany except on public transport, in medical facilities and care homes.

    He added that it would be better for states to impose limited restrictions now than stricter ones later. “The sooner we step on the brake the better it will be,” he said.

    Lauterbach said the actual number of cases could be three-to-four times higher, as many positive results with rapid tests are never reported to authorities.

    The Health Ministry launched a new nearly 33 million-euro ($32 million) advertising campaign Friday, using 84 case studies of real people affected by COVID-19 to encourage vaccinations.

    Lauterbach said getting the shot remains an important way of protecting recipients and others. The risk of death for people over 60 drops by 90% if they get a fourth shot, he said.”

    https://apnews.com/article/health-germany-covid-berlin-1aa13eb870dc3a6c17a38835c8653791

    Germans are not citizens, they are slaves.

    And COVID “vaccines” are not vaccines. They are a deadly experimental poison designed and intended to kill you.

    1. The Globalists want to distract and brainwash the youth into what the issues of the day are, so they won’t pay attention to a One World Order enslavement agenda.
      Make young people believe that there are no greater issues than right to pro nouns, abortion rights, transgender rights, right to change your sex , rights of criminals, equity rights, open border invasion rights, diversity rights, discrimination against white race, Trump supporters and the
      unvaccinated.
      Also, the unproven Climate Change narrative is justification to withdraw fossil fuels, without viable replacement, will cause death , destruction , famine and freezing globally.
      Do these dumb asses realize that the Globalists want to take free speech , take guns, take life and liberty, sustainable food and energy, force poisonous injections, commit genocide and bring on a One World Order Dictorship of deprivation for humanity.
      Survival of the human race is no doubt issue number one, not the right to stupid pro nouns.
      They want to turn humanity into a bunch of hacked drones, eating bugs, owning nothing, which isn’t exactly diversity is it.?
      Dangerous Psychopaths that want to block out the sun, kill humans, kill animals and insects in a abuse of technology that is the greatest threat that humanity has faced.
      Unbelievable!

      1. Do these dumb asses realize that the Globalists want to take free speech , take guns, take life and liberty, sustainable food and energy, force poisonous injections, commit genocide and bring on a One World Order Dictorship of deprivation for humanity.

        As our good friend Go Back To Reddit like to point out, the dumbasses think that once the Republic has been overthrown that they will be in charge. The lucky useful idiots will be given a shovel and told to get to work. The unlucky ones (the useless) will will lined up against a wall and shot.

        1. the dumbasses think that once the Republic has been overthrown that they will be in charge.
          That’s a buddy of mine to a T. He thinks he is an “intellectual” and will be involved in running things. They are totally clueless.

          3. Don’t they get rounded up and shot?

            That seems to be the standard procedure. Trotsky ran all the way to Mexico and Stalin still had him offed.

        2. I recall a 60s era political cartoon depicting a couple of hippies chatting while toting protestor’s signs. One asked the other, “Who is going to send our welfare checks after we overthrow the government?”

  34. Globalist propaganda outlet Bloomberg “urging” Yellen the Felon & BlackRock Jay to flood the financial system with more liquidity. You know what that means: these gold collar criminals are about to go full Zimbabwe with Money Printer Go BRRRRRR. Got gold?

    The Fed’s Next Crisis Is Brewing in US Treasuries

    https://www.bloomberg.com/opinion/articles/2022-10-14/fed-s-next-crisis-is-brewing-in-us-treasuries?srnd=economics-vp&sref=ibr3A0ff

    The central bank can’t afford to let the world’s most important market seize up. It must act now to restore liquidity for Treasuries.

    1. Three more rate hikes are supposed to be baked into the cake. We get to watch and see what happens.

  38. This is a pearl-clutching article. Imagine the globalists’ horror if their controlled-opposition Establishment GOP cucks get voted out and replaced by a REAL opposition to Democrat-Bolshevik Marxism and government overreach.

    ‘Ultra-MAGA’ Arizona gubernatorial candidate Kari Lake is touted as future PRESIDENT after unnerving Democrats with her political prowess: Former TV anchor still refuses to concede Biden’s 2020 election win

    https://www.dailymail.co.uk/news/article-11318861/Arizona-GOP-gubernatorial-candidate-Kari-Lake-seen-future-force-national-politics.html

  39. A company hoping to help California with its high-speed rail built one in North Africa instead, saying the region was ‘less politically dysfunctional’

    The Société nationale des chemins de fer français (SNCF), a French state-owned railroad operator, came to California in hopes of helping the state build a high-speed rail system from Los Angeles to San Francisco but left for North Africa in 2011 because the region was ‘less politically dysfunctional’ than the Golden State.

    Within 7 years, they built a functioning high-speed rail system in Morocco, the New York Times reported.

    1. It does seem that at some point Clownifornia, due to its dysfunctionality, will be unable to fix a mere pothole and will collapse into a cloud of dust.

      2. The trash on the highways against the center divider is amazing. On my last visit to the SF Bay Area I saw a large stainless propane BBQ grill that must have fallen out of a pickup truck; it looked like it did a few cartwheels before coming to a stop. I’ve seen couches too.

  40. COVID vaccines are poison.

    Gateway Pundit — Texas Vaccine Policy Symposium Declares Unvaccinated People a Danger to Public Health (10/15/2022):

    “Valerie Gutmann Koch, co-director of the Health Law & Policy Institute at the University of Houston Law Center, talked about “A New Weapon in the Anti-Vaccine Arsenal: Claiming the Unvaccinated as a Protected Class.”

    Koch stated during her speech that those who choose not to get vaccinated pose a danger to society.

    “Mandatory vaccines are, by their nature, an intrusion into individual autonomy and bodily integrity. But the right to individual autonomy is not absolute and may be limited in circumstances where individuals pose a risk to others,” Koch added.

    “If the unvaccinated become a protected class, the spread of such diseases is likely to escalate.”

    https://www.thegatewaypundit.com/2022/10/texas-vaccine-policy-symposium-declares-unvaccinated-people-danger-public-health-video/

    It’s a medical genocide.

    Adding this Koch to the list of names, because the Day Of The Rope is coming…

    1. I guess the fact that Pfizer openly admitted that the jab does not stop the spread of Covid is irrelevant to her. Everyone must be jabbed!

  41. How much are you paying for food now versus two years ago?

    Breitbart — Zelensky Thanks Biden for ‘Another $725 Million Security Aid Package’ (10/15/2022):

    “Sincerely grateful to the President of the United States and the American people for providing another $725 mln security aid package,” the Ukrainian head of state said in a message posted on the Twitter microblogging site.

    “We will receive, in particular, much-needed rounds for HIMARS and artillery,” he added.

    “A wonderful gift for Ukrainian Defenders’ Day! The Russian aggressor will be defeated, Ukraine will be free!”

    https://www.breitbart.com/europe/2022/10/15/zelensky-thanks-biden-for-another-725-million-security-aid-package/

    The “American people” do not support this globalist, who is not a Christian or even ethnically Ukrainian.

    Thousands of years of history do not lie.

    Parasites gonna parasite.

    1. Who needs competent boots on the ground when you can destroy the world at the push of a button (yeah, I know there isn’t a “button”)

  43. From yesterday’s page:

    I read that pro jab body builder Doug Brignole just died of suddenly.

    I have enough confidence in the vaccine, based on my research, to get it done. Those of you who think the vaccine kills people can use me as a test. If I die, you were right. If I don’t die, and have no ill effects, you were wrong, and should admit it (at least to yourselves). Better yet, you should admit that you were misled, and tell the world who misled you, so other people can benefit by avoiding those fearmongers.

    Doug Brignole, 4 April 2021

    Looks like we were right. Sorry, Doug.

    I don’t know when he got his last booster, but given his activism I’m gonna guess he probably got the new one very recently.

    1. He was still competing, so we’re talking 40+ years of steroids/HGH. My money would be on that versus the vaccine.

      1. From his photos he didn’t look super bulky, but yeah, maybe he was on the bean.

        Still, it’s awfully suspicious that he died shortly and suddenly after the latest booster became available. Usually guys who abuse steroids are wrecks in their later years, or don’t even have later years. He was very convinced that he was healthy.

  44. Well this is awkward.

    Vaccinated Doug Brignole “If I Die, You Were Right” — Now Dead 💉

    https://www.hollywoodlanews.com/doug-brignole-cause-of-death/

    Bodybuiding champion Doug Brignole reported receiving his first shot of synthetic mRNA in April 2021. He died on October 13, 2022.

    Those of you who think the vaccine kills people can use me as a test. If I die, you were right. If I don’t die, and have no ill effects, you were wrong, and should admit it (at least to yourselves). Better yet, you should admit that you were misled, and tell the world who misled you, so other people can benefit by avoiding those fear mongers.

    He got the Moderna shot and died about 1.5 years afterwards.

    1. Checkout the Secret Pedo Protector Agent telling the dude not to record Brandon creeping on the young girl at the end of the 0:18 video.

  47. Pop star dropped from GQ awards after vaccine tweets

    M.I.A. claimed that celebrities who promoted Covid jabbing should be punished for lying

    15 Oct, 2022

    Pop singer M.I.A. has been dropped from GQ magazine’s upcoming ‘Men of the Year Awards’ after defending controversial radio host Alex Jones, and suggesting that celebrities “pushing vaccines” should pay damages. M.I.A. responded by saying the magazine’s staff “don’t have balls.”

    The British singer shared a message from GQ on Twitter on Friday, confirming her appearance at the awards night and an upcoming photoshoot were canceled. The decision to drop the singer was made due to the “controversial nature” of her “current twitter activity,” the message explained.

    https://www.rt.com/pop-culture/564720-mia-alex-jones-vaccine-tweets/

  50. The Lie Is Falling Apart
    Russell Brand
    Oct 15, 2022 Due to a recent strike on this platform, we’re now having to censor ourselves from talking about, say, Pfizer stating that they didn’t test whether its Covid vaccine prevented transmission before it entered the market. We’ll do our best though – and you can do the rest in your own heads. Yes, that’s what it’s come to!

    https://www.youtube.com/watch?v=zz-YT9zlxm0

    7:20. I’m going to have to get familiar with Rumble.

  52. “Democratic Party Moved From Uncomfortable To Intolerable For Members: #WalkAway Founder”

    https://www.zerohedge.com/political/democratic-party-moved-uncomfortable-intolerable-members-walkaway-founder

    (snip)

    “People were beginning to feel the effects of leftist, communism, Marxism infiltration into our society, our culture, and our politics.”

    (snip)

    “People are truly scared, and they should be. I’m living proof that you might be sitting home, minding your own business, and the FBI might break your door down and take you to jail.”

  53. Say it ain’t so …

    “Dems fear Kari Lake could be Arizona’s governor—and a major MAGA star”

    https://www.axios.com/2022/10/15/kari-lake-arizona-trump-midterm-elections-maga

    (snip)

    The other side: “Kari Lake is all spectacle and no substance and we’re confident voters will see right through it,” said Josselyn Berry, a spokesperson for the Arizona Democratic Party.

    (if you choose to read this article keep in mind that is was found in “Axios”. FWIW.)

    1. ‘As some see it, Lake — a 2020 election denier — could easily win the state’s gubernatorial race and threaten its 2024 election processes.’

      Lake made this in a major part, a referendum on the 2020 election being stolen. She’s going to win in a landslide.

      1. I hope she has a good security detail. She sounds like she could be a threat to GloboHomo, and if so something bad could happen to her.

  55. A relative works for a German company here in the US. Some big honcho from Germany held an all hands meeting. I was told that he said they were expecting to shut down most if not all production in Germany in November and were unsure when they would reopen, so he was calling on the overseas branches to pick up the pace to make up for it. Of course some production was unique to Germany, so that could be a problem.

    He reassured his online audience that no one was going to freeze or starve this winter in Germany and that was just propaganda. I wonder where he will be wintering? Florida perhaps? Or maybe Cancun?

    1. The Financial Times
      House & Home
      The US housing market’s big chill
      As soaring mortgage rates push home ownership beyond reach for many, demand is cooling and prices are falling
      Claire Bushey in Chicago yesterday

      Home prices in US cities, particularly in the west, are cooling as rising mortgage rates have shrunk the pool of property shoppers.

      In April, annual growth in US prices peaked at 21 per cent, according to property company Zillow’s home value index. By last month, that had fallen to 14 per cent. Prices in the US residential property market are resetting, says Zillow senior economist Jeff Tucker, “but it’s too soon to tell how big a price reset it will be”.

      In July, the S&P Case-Shiller index, which measures house prices in 20 US cities, recorded its first monthly decline in a decade, dropping by 0.44 per cent. In August, the median house price in the US was $356,054 according to Zillow, only about $1,500 down from its all-time high in June.

      “The fact of prices declining rather than rising is a watershed moment,” Tucker says. “We really haven’t seen anything like this since 2010 or 2011. [ . . . ] This summer marked the end of that long bull run for home value appreciation in the US.”
      …

  59. Guess what, Sam Diego residential real estate investors? You’re about to lose buckets of money. Zillow sez…

    Enjoy your falling 🔪 real estate HODLings.

    1. CR8R

      “Amid the frenzied spring home buying season, Zillow made a bold call: It predicted that the Pandemic Housing Boom would see U.S. home prices soar another 17.8% between February 2022 and February 2023.

      Of course, just weeks later, the Pandemic Housing Boom began to fizzle out. Each forecast since, Zillow slashed its 12-month home price outlook. In April, Zillow revised it down to 14.9%. In May, it was revised down to 11.6%. In July, it was revised down to 7.8%. In August, it was revised down to 2.4%. In September, it was revised down to 1.2%.

      However, this week Zillow finally stopped revising its 12-month outlook downward. Over the coming 12 months, Zillow now expects U.S. home values to rise 1.4%.”

    1. The Financial Times
      The best books of the week
      FT Books Essay Non-Fiction
      Megathreats by Nouriel Roubini — an avalanche of coming disasters
      The economist who predicted the 2008 crash warns of disturbingly plausible calamities, from climate to currency and debt crises
      Storm warning
      John Thornhill
      October 11 2022

      At least there were only four horsemen of the apocalypse. But reflecting today’s rampant inflation, Nouriel Roubini now identifies 10 so-called megathreats, spanning various economic, financial, political, technological and environmental disasters. “Sound policies might partially or fully avert one or more of them, but collectively, calamity seems near certain,” Roubini jauntily concludes. “Expect many dark days, my friends.”

      Readers of a nervous disposition may want to file this book in the bin before they turn a page. Those braced for an ice bath of pessimism may profit from its gloomy insights about the state of the world. Roubini’s warnings may be alarmingly scary, but they are also disturbingly plausible. One only prays that policymakers have better solutions than the author unearths.

      Roubini certainly has form in predicting calamity and investors have learnt to ignore him at their cost (as he quips, he’s graduated from “being a Cassandra to a sage”). The Turkish-born American economist was labelled Dr Doom for warning of a housing crash ahead of the global financial crisis of 2008. But he cavils at this nickname because, he claims, it fails to recognise that he examines the upside with as much rigour as the downside. “If I could choose my nickname, Dr Realist sounds right.”

      Little reassured, the reader confronts an avalanche of coming catastrophes.

      On his specialist subject of economics, Roubini warns in Megathreats that the debt crisis of our lifetimes lies ahead. The entire world resembles the financial delinquent that is Argentina that has defaulted on its debt nine times since its independence in 1816. By the end of 2021, global debt, both public and private, exceeded 350 per cent of the planet’s gross domestic product. The Mother of All Debt Crises (Roubini capitalises the phrase to emphasise the point) looks inevitable either this decade, or next.

      Every possible remedy to this looming debt disaster brings its own perils: the paradox of thrift, the chaos of defaults, the moral hazard of bailout, the wealth or labour taxes that kill investment or hit the most needy, the inflation that wipes out creditors. “Choose your poison,” he writes. The latest infatuation with modern monetary theory, keeping interest rates low while piling up more debt, will only lead to a different form of reckoning.

      As if explicit debts were not enough to worry about, implicit debts are even more alarming. Even the richest societies are not rich enough to deliver on all the promises made to the swelling ranks of pensioners. The Organisation for Economic Co-operation and Development has estimated that unfunded or underfunded government pension liabilities in the top 20 economies amount to a staggering $78tn. “Implicit debt is a major time bomb and a severe megathreat.”

      Roubini doubts that our current crop of central bank governors are up to the challenge. Outstanding economists, such as the Federal Reserve’s Ben Bernanke (who has just been awarded the Nobel Prize) and the European Central Bank’s Mario Draghi, have been replaced by the current crop of lawyers and regulators. The strong likelihood is that they will do nothing to stop stagflation — the painful combination of stagnant growth and rising prices — that will make the 1970s look like a warm-up act. That will only lead to a Great Stagflationary Debt Crisis (note those capitals again).

      Further currency meltdowns and economic instability will follow. The financial weakness of Greece and Italy may yet trigger a collapse of the European monetary union. Financial turmoil will also lead to more protectionism and the reshoring of industrial production. That will accelerate deglobalisation and the further fragmentation of our interconnected world.
      …

      1. Dumb question of the day: Is it possible for all asset classes to decline in value?

        Evidently from the 2022 CR8R experience, where the dollar is king, yet losing value rapidly to inflation,
        the answer is YES. It is possible for humanity to collectively shoot ourselves in the foot, with wars, COVID lockdowns, and overspending with dumb, borrowed money. At the end of the day, we are collectively poorer, as reflected in the falling real values of all asset classes.

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