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The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most

A weekend topic starting with Business Insider. “Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business interview. ‘The Fed is nowhere near having conquered inflation,’ Rogoff said. The former chief economist of the International Monetary Fund noted that more than a decade of rock-bottom interest rates boosted the prices of stocks, homes, bitcoin, art, and other assets. Now that rates are higher, and mortgage costs have soared as a result, he expects home prices to drop. ‘There’s adjustments to come in the housing market,’ Rogoff said. ‘Prices are going to have to come down so that more people can afford it.'”

From Moneywise. “While the Dallas Fed has stated housing could fall by 20%, experts there do admit this is a pessimistic scenario. In fact, Dallas Fed economist Enrique Martinez-Garcia says that ideally, the Federal Reserve will ‘carefully thread the needle of bringing inflation down without setting off a downward house-price spiral.'”

From Market Insider. “A recession is not necessary to bring inflation down, but it is looking like a downturn is now highly likely since the Fed’s projections have been ‘horribly wrong’ this year, according to top economist Mohamed El-Erian. ‘It’s not necessary to have a recession to bring inflation down. It’s highly probable we’re going to have a recession. It’s also highly probable … that we may find inflation sticky at around 4%, which is going to put the Fed and us all in a difficult situation in the middle of next year,’ El-Erian said. ‘Do we crush the economy more? Not a good idea. Do we increase the inflation target? Not a good idea. Do we try to somehow see whether we can live with high inflation for a while?'”

From Reuters. “The Bank of Canada likely faces a challenge in 2023 convincing markets not to expect a swift reversal in its interest rate hiking campaign. Central bankers ‘should avoid doing anything that fans this market narrative’ of rate increases soon reversing, said Derek Holt, head of capital markets economics at Scotiabank. ‘Otherwise, we could be on an inflation and rates roller-coaster for years to come that is biased toward higher average inflation.'”

From Fortune. “In his 53 years in the investment world, Howard Marks—the billionaire and co-founder of Oaktree Capital Management—said he’s only seen two real transformations in investing, until now. ‘I’ve seen a number of economic cycles, pendulum swings, manias and panics, bubbles and crashes, but I remember only two real sea changes,’ Marks wrote in a memo published Tuesday. ‘I think we may be in the midst of a third one today.’ ‘We’ve gone from the low-return world of 2009-21 to a full-return world, and it may become more so in the near term,’ Marks wrote.”

Two reports from the Globe and Mail. “Bank of Canada Governor Tiff Macklem said there is a ‘greater risk’ of not doing enough to tackle inflation than doing too much and damaging economic growth, even as the bank has signalled that it is nearing the end of its aggressive rate-hike cycle. ‘If we don’t raise them enough, inflation will remain elevated, and households and businesses will come to expect persistently high inflation. With inflation running well above target, this is the greater risk.’ The speech also pointed to potential challenges for the central bank ahead. Many of the tectonic forces that have put downward pressure on prices in recent decades, including the expansion of global trade and the entry of Chinese and Eastern European workers into world labour markets, seem to be going in reverse.”

“There’s a sting coming in inflation’s tail, and you can spot it in the bowels of the figures. The low prices of the past 30 years were effectively achieved on the backs of globalization and an increase of cheap labour. Now that both trends are reversing, we’ll never get back to the low inflation of the past no matter how hard we try. In a recent study with some colleagues, I plotted core inflation over the past 40 years against a measure of worker power based on the wage-profit ratio – the weaker the bargaining power of workers, the more managers can beat down wages and boost profits. What we found is an almost perfect overlap of the two. After about 1990, as workers’ power fell, wages went down and company profits went up, inflation trended steadily downward.This was, of course, the era of globalization.”

“Advances in communications and transportation technology, and the liberalization of currency markets, then made it easier for Western firms to reach those workers via offshoring. In fact, firms didn’t even need to shift production abroad to beat down wages at home. The mere possibility of doing so restrained the demands of workers and weakened unions. Low inflation was an easy win for central bankers in the days when workers couldn’t demand much. So when the Bank of Canada flooded the economy with money, instead of raising prices in supermarkets, it filled the pockets of asset holders, with house prices and corporate profits rocketing even though the economy was weak.”

Sarasota Magazine in Florida. “‘Properties sold in 2020, were resold in 2021 for more, and sold again in 2022 for higher,’ adds Judie Berger of Premier Sotheby. ‘Those were the jumps we saw. That’s why it got unaffordable to live here. If investors are paying more, they’re charging more rent, too. On one hand, it’s good, because our sellers who bought and overpaid for their home in 2005 were able to finally break even.'”

Elbert County News in Colorado. “Danielle and Stephan Storinsky ‘saw the writing on the wall.’ It foretold how the housing market might change. So, earlier this year, the married couple sold their Arvada townhome. They timed it just right. They capitalized before concerns about inflation took center stage. They sold their home when the metro area was gripped by historically high housing prices. They bought their townhome about five years ago for $285,000. They sold for $521,000. ‘That part’s pretty nice because now we have a decent amount of money to put down on something,’ Stephan Storinsky said.”

“But now, on the other side of cashing in, they find themselves playing a waiting game. Even with the tidy profit they hauled in, they are struggling to find a home at a good value. Houses on the market today ‘are just not worth the price that people are asking,’ said Stephan Storinsky.”

From KUTV in Utah. “According to new data released Friday by the Salt Lake Board of Realtors, home sales in Salt Lake County fell by 48 percent last month compared to November 2021 when interest rates were roughly half of what they are today. Davis, Utah, Tooele, and Weber counties saw similar percentage drops in home sales. Home prices along the Wasatch Front were generally higher in November compared to the year before, although prices have noticeably fallen from their peak in May. All Wasatch Front counties saw price growth year over year except Tooele County. Its median price for all housing types was $415,000 in November, a drop of nearly six percent from the year before. The median price for a single-family home in that county was $420,000, a year-over-year decline of nearly seven percent.”

Times of San Diego in California. “Typical monthly mortgages in San Diego are $4,457, up 105% since 2019, according to a survey of the housing market. Inflation also has eaten away at the real value of the wage gains. The Bureau of Labor Statistics estimated that consumer prices – notably in fuel and energy costs – jumped 9.1% in the 12-month period that ended in June. Other findings from the survey: San Diego’s typical home value is $877,278, down 7% from its peak.”

From Maui Now. “Maui home prices have dropped 13% since May, but higher interest rates have pushed out many potential buyers, according to a new report released today by University of Hawaiʻi Economic Research Organization.”

The Canadian Press. “It is officially a buyer’s market in many parts of the GTA as the ratio of sales to new listings continues to slide amid an ongoing housing corrections. ‘It’s no surprise to see some of the larger price declines taking place in these markets,’ RBC assistant chief economist Robert Hogue said of Ontario and BC. ‘Since the peak earlier this year, the MLS Home Price Index has plummeted in Cambridge (-21 %), London (-19%), Kitchener-Waterloo (-19%), Brantford (-18%), Hamilton-Burlington (-18%), Kawartha Lakes (-17%), Barrie (-17%), Chilliwack (-16%) and the Fraser Valley (-13%). Property values also fell markedly in the GTA (-12%) and to a lesser extent in the Greater Vancouver Area (-6 %).'”

“The average price of a home across all property types in the GTA peaked at $1,334,062 in February but has fallen by approximately 19 per cent since then amid an aggressive campaign by the Bank of Canada to hike interest rates.”

From Stockhead. “New analysis from Aviva released ahead of 2023 suggests China’s decades of growth burn is not only at an end, but structural deficits like its ageing population, rising debt and a crisis in the key domestic property market has put the whiff of stagnation around the middle kingdom’s mid-term outlook. According to Avivam China risks following Japan’s path from runaway growth to financial crisis and stagnation. A crisis in China’s property sector could yet spread contagion into other areas of the economy.”

“These factors have led some experts to draw comparisons between China and neighbouring Japan. In 1991, the bursting of an asset-price bubble brought Japan’s high-growth era to an abrupt end, inaugurating a period dubbed the ‘lost decades.’ As in China, Japan’s ageing demographics are inhibiting government efforts to rouse the economy. The Carnegie Endowment’s Michael Pettis, professor of finance at Peking University’s Guanghua School of Management, estimates Chinese investment started becoming less productive at some point between 2006 and 2008. Since then, debt has risen sharply, the growth rate has moderated and exports decreased in importance relative to investment.”

From Daniel LaCalle. “Explaining to citizens that negative real interest rates are an anomaly that should never have been implemented is challenging. Families may be concerned about the possibility of a higher mortgage payment, but they are oblivious to the fact that house prices have skyrocketed due to risk accumulation caused by excessively low interest rates.”

“The magnitude of the monetary insanity since 2008 is enormous, but the glut of 2020 was unprecedented. Between 2009 and 2018, we were repeatedly informed that there was no inflation, despite the massive asset inflation and the unjustified rise in financial sector valuations. This is inflation, massive inflation. It was not only an overvaluation of financial assets, but also a price increase for irreplaceable goods and services. The FAO food index reached record highs in 2018, as did the housing, health, education, and insurance indices. Those who argued that printing money without control did not cause inflation, however, continued to believe that nothing was wrong until 2020, when they broke every rule.”

“All of the excess of unproductive debt issued during a period of complacency will exacerbate the problem in 2023 and 2024. Even if refinancing occurs smoothly but at higher costs, the impact on new credit and innovation will be enormous, and the crowding out effect of government debt absorbing the majority of liquidity and the zombification of the already indebted will result in weaker growth and decreased productivity in the future.”

From Ryan McMaken. “With inflation running near 40-year highs, many are wondering what will be necessary to bring price inflation back down to the target level. More specifically, how many hikes in the target interest rate will be necessary, and how severe of a recession will be required? Naturally, the banker class wants a return to ‘normal’—i.e., quantitative easing and ultralow interest rates—as soon as possible. Moreover, Washington wants the same thing since the political class wants low interest rates to help ease the path to ever more government debt and higher deficits.”

“It’s not the least bit surprising that we’re already hearing calls for the Federal Reserve to abandon the 2-percent inflation target and instead embrace even higher perpetual inflation rates. For example, last week Bank of America economist Ethan Harris suggested that the 2-percent target CPI inflation rate be raised. We’ve seen similar urgings from both the Wall Street Journal and from think tank economists in recent months.”

“The push for higher inflation rates is just the latest reminder that wealthy bankers and other members of the ruling class aren’t harmed by price inflation the way that ordinary people are. We’ve been down this road before. 26 years ago, the debate was over whether or not the target inflation rate should be raised to 2 percent. Before that, Congress had put into legislation a target of zero percent. In the “Full Employment and Balanced Growth Act of 1978” Congress explicitly added a ‘stable prices’ mandate to the Federal Reserve Act, and stated that CPI inflation should be reduced to 3 percent or less. Moreover, by 1988, the Act imagined that the official inflation rate should be reduced to zero: ‘Upon achievement of the 3 per centum goal … each succeeding Economic Report shall have the goal of achieving by 1988 a rate of inflation of zero per centum.'”

“The drive for zero-percent inflation had advocates among some monetarists and other ‘hard money’—’hard’ in the relative sense—advocates who opposed the Keynesian consensus that had produced the runaway inflation of the 1970s. The triumph of these hawks was short lived, however, and by the end of the 1980s, the more dovish forces had come to the fore in the form of Alan Greenspan and up-and-coming economists like Janet Yellen. Even Volcker had again moved back toward easy money as can be seen in his support for the Plaza Accord.”

“The Volcker Fed’s abandonment of ‘hard money’ policies and the monetarist experiment led directly to the global monetary inflation of the late 1980s featuring virulent asset inflation, most spectacularly the bubble and bust in Japan. Germany was the last to abandon monetarism formally with the launch of the euro. Within a few years there was the start of anew stabilization experiment-the targeting of perpetual inflation at 2%.”

“Now in 2022, we’re talking about hiking the target inflation rate yet again, perhaps to ‘between 4% and 6%’ as The Wall Street Journal suggests. Not mentioned is the fact that the upward creep in inflation targets enabled the Fed to ignore inflation as it relentlessly rose throughout 2021. The Fed at that point wanted inflation well above 2-percent in order to achieve that new ‘average’ of 2 percent. The result was a complacent Fed that let inflation rise to a 40-year high.”

“The allure of easy money never fades, especially for those who benefit from easy money most. This latter group includes a growing army of zombie corporations, governments mired in debt, and a financialized Wall Street where valuations disregard fundamentals but are based on the ability to borrow at cheap rates and capitalize on rising stock prices. The easy-money chorus couldn’t care less about small entrepreneurs squeezed by high prices, or by old ladies on fixed incomes. All that matters is a return to easy money, and if that means ever higher inflation targets, so be it.”

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This Post Has 139 Comments

  1. I realize this post is long, but it’s a complicated subject. The last two links are worth reading in full:

    Global Rate Hikes Hit the Wall of Debt Maturity

    Between 2009 and 2018, we were repeatedly informed that there was no inflation, despite the massive asset inflation and the unjustified rise in financial sector valuations. This is inflation, massive inflation. It was not only an overvaluation of financial assets, but also a price increase for irreplaceable goods and services. The FAO food index reached record highs in 2018, as did the housing, health, education, and insurance indices. Those who argued that printing money without control did not cause inflation, however, continued to believe that nothing was wrong until 2020, when they broke every rule.

    In 2020-21, the annual increase in the US money supply (M2) was 27%, more than 2.5 times higher than the quantitative easing peak of 2009 and the highest level since 1960. Negative yielding bonds, an economic anomaly that should have set off alarm bells as an example of a bubble worse than the “subprime” bubble, amounted to over $12 trillion. But statism was pleased because government bonds experienced a bubble. Statism always warns of bubbles in everything except that which causes the government’s size to expand.

    In the eurozone, the increase in the money supply was the greatest in its history, nearly three times the Draghi-era peak. Today, the annualized rate is greater than 6%, remaining above Draghi’s “bazooka.” All of this unprecedented monetary excess during an economic shutdown was used to stimulate public spending, which continued after the economy reopened… And inflation skyrocketed. However, according to Lagarde, inflation appeared “out of nowhere.”

    There’s not many out there trying to explain how we really got here, but the facts are available. These people have been running wild for decades.

    And the old ‘globalism is inevitable’ crowd has a lot to answer for. What did we get out of this? A destroyed middle class. Where is the economic miracle we were promised from Mexico and then China? Mexico is failed narco state and China is a modern slave state with no desirable future for it’s people added to the environmental disaster they’ve created.

    2. This is clearly an unverified troll account! Obama U doesn’t issue raciss master’s degrees. Why isn’t the FBI censoring this???

      1. The very term “Masters” conjures up images of the Antebellum South! As someone who self-identifies as a Yemeni lesbian, I am vicariously triggered, which should entitle me to reparations of some sort.

  3. The FAO food index reached record highs in 2018, as did the housing, health, education, and insurance indices

    But it came out of nowhere. These people are dogs who send billions of people into poverty while they ride around in limos, attend ‘meetings in 5 star hotels. Never miss a paycheck nor an opportunity to engage in insider trading. Where is the discussion of accountability with central bankers? There only seems to be one crop of them. There isn’t even a second ‘bench’ of central bankers. Just the revolving door of the same old names, doing the same things over and over.

    1. “the same old names”

      Names? Names, did you say?

      Stop noticing. You seriously have to stop noticing.

      1. A cabal of Appalachian trailer park denizens with names like Britney & Jeb somehow became our unelected rulers.

    2. There isn’t even a second ‘bench’ of central bankers. Just the revolving door of the same old names, doing the same things over and over.

      There are of course many different theories on why JFK was assassinated, and who was behind it. I believe it was the CIA who set it up at the behest of the Rothschild banking cartel. His rhetoric threatened their graft rackets. Bankers run the world, and they got rid of him immediately.

      Redpilled Redhead posted a great link to a Twitter quote last night from RFK Jr., citing a news story on Tucker Carlson. Tucker quoted an anonymous CIA insider who, when asked if the CIA was behind the assassination, said:

      “The answer is yes. I believe they were involved. It’s a whole different country from what we thought it was. It’s all fake.”

      This is what I have come to suspect for some time, that the US is shot through with corruption to a level most would be horrified to find out. That nothing is what it seems.

  4. ‘Dallas Fed economist Enrique Martinez-Garcia says that ideally, the Federal Reserve will ‘carefully thread the needle of bringing inflation down without setting off a downward house-price spiral’

    I got news for you Ricky: we are in a global downward house-price spiral like never experienced before.

    3. Odd one of the thugs would say that when the feds stated objective is kicking the legs out from under housing.

  5. New York Times — What Comes Next for the Most Empty Downtown in America (12/17/2022):

    “Today San Francisco has what is perhaps the most deserted major downtown in America. On any given week, office buildings are at about 40 percent of their prepandemic occupancy, while the vacancy rate has jumped to 24 percent from 5 percent since 2019. Occupancy of the city’s offices is roughly 7 percentage points below that of those in the average major American city, according to Kastle, the building security firm.

    More ominous for the city is that its downtown business district — the bedrock of its economy and tax base — revolves around a technology industry that is uniquely equipped and enthusiastic about letting workers stay home indefinitely. In the space of a few months, Jeremy Stoppelman, the chief executive of Yelp, went from running a company that was rooted in the city to vacating Yelp’s longtime headquarters and allowing its roughly 4,400 employees to work from anywhere in their country.

    Decisions like that, played out across thousands of remote and hybrid work arrangements, have forced office owners and the businesses that rely on them to figure out what’s next. This has made the San Francisco area something of a test case in the multibillion-dollar question of what the nation’s central business districts will look like when an increased amount of business is done at home.

    The city’s chief economist, Ted Egan, has warned about a looming loss of tax revenue as vacancies pile up.”

    https://archive.ph/RdN7I

    Will the last taxpayer leaving San Francisco please turn out the lights.

      1. That site has been listed on the National Register of Historic Places since August 13, 1997, as “Agnews Insane Asylum,” which has an interesting history before the passage of the Laterman Act (1971) transferred mental health treatment programs in California to local communities in an attempt to provide better care.

          1. Could be due to the high number of souls that perished there during the 1906 earthquake, which collapsed a magnificent building albeit seismically unsafe. I think it was in a YT earthquake documentary that covered the south bay too. Alviso flood water reached into downtown San Jose too.

  6. Economic turmoil driven by eye-watering inflation of nearly 85% has plunged Turkey into one of its worst property crises. Skyrocketing prices have made finding affordable housing to rent or buy an uphill battle for many, especially for millions of people earning a monthly minimum wage of 5,500 lira ($295) who also struggle to cover costs for food, energy and other expenses.

    While increasing construction costs and inflation have pushed up housing prices globally, Turkey’s property crisis has been exacerbated by President Recep Tayyip Erdogan’s unorthodox policy of lowering interest rates despite high inflation — the opposite of traditional economic thinking. That has pushed many to invest in property to preserve their savings against rising inflation. With housing in short supply, prices have soared.

    https://www.gwcommonwealth.com/home-prices-rents-skyrocket-turkey-amid-economic-turmoil#sthash.wBB8q2yf.GqmGZkKA.dpbs

    Once known for its stable and investment-friendly banking system, Lebanon has plunged into chaos as hyperinflation grips the country and banks force huge haircuts on dollar withdrawals.

    The local currency has lost more than 95% of its value since Aug. 2019, the minimum wage has effectively plummeted from $450 to $17 a month, pensions are virtually worthless, Lebanon’s triple-digit inflation rate is expected to be second only to Sudan this year, and bank account balances are just numbers on paper.

    “Not everyone believes that the banks are bankrupt, but the reality is that they are,” said Ray Hindi, CEO of a Zurich-based management firm dedicated to digital assets.

    “The situation hasn’t really changed since 2019. Banks limited withdrawals, and those deposits became IOUs. You could have taken out your money with a 15% haircut, then 35%, and today, we’re at 85%,” continued Hindi, who was born and raised in Lebanon before leaving at the age of 19.

    “Still, people look at their bank statements and believe that they’re going to be made whole at some point,” he said.

    Despite losing nearly all of their savings and pension, Gebrael’s parents – both of whom are career government employees – are holding out hope that the existing financial system will rightsize at some point. In the meantime, Gebrael is covering the difference.

    Meanwhile, as the government splurged to try and rebuild from the civil war, the government’s budget deficit plunged further into the red, and its imports have far outstripped its exports for years.

    To try to stave off a total economic meltdown, in 2016, central bank chief Riad Salameh, an ex-Merrill Lynch banker who had been on the job since the early 1990s, decided to dial up banking incentives. People willing to deposit U.S. dollars earned astronomical interest on their money, which proved especially compelling at a time when returns elsewhere in the world were relatively underwhelming. El Chamaa tells CNBC that those who deposited U.S. dollars and then converted those dollars to Lebanese lira earned the highest interest.

    The era of easy money fell off a cliff in October 2019, when the government proposed a flurry of taxation on everything from gas, to tobacco, to WhatsApp calls. People took to the streets in what became known as the October 17 Revolution.

    The banks, spooked by all the chaos, first limited withdrawals and then shut their doors entirely as much of the world descended into lockdown. Hyperinflation took root. The local currency, which had a peg of 1,500 Lebanese pounds to $1 for 25 years, began to rapidly depreciate. The street rate is now around 40,000 pounds to $1. 

    “You need a backpack to go for lunch with a group of people,” explained Hindi.

    https://www.msn.com/en-us/money/markets/in-bankrupt-lebanon-locals-mine-bitcoin-and-buy-groceries-with-tether-as-241-is-now-worth-15-cents/ar-AA13LQLb

    1. “struggle to cover costs for food, energy and other expenses”

      Another World Economic Forum success story.

      1. I does seem that the only way to survive is to decouple from the west and the WEF. The engineered famine is designed to prevent that. If the Russians are smart, they will plant a bumper crop to give them leverage when other traditional sources of food come with strings attached.

  7. ‘It’s not the least bit surprising that we’re already hearing calls for the Federal Reserve to abandon the 2-percent inflation target and instead embrace even higher perpetual inflation rates. For example, last week Bank of America economist Ethan Harris suggested that the 2-percent target CPI inflation rate be raised. We’ve seen similar urgings from both the Wall Street Journal and from think tank economists in recent months.”

    “The push for higher inflation rates is just the latest reminder that wealthy bankers and other members of the ruling class aren’t harmed by price inflation the way that ordinary people are. We’ve been down this road before.’

    Note that senator running deer is leading this charge. It’s all about helping the little people huh?

    1. ‘It’s not the least bit surprising that we’re already hearing calls for the Federal Reserve to abandon the 2-percent inflation target and instead embrace even higher perpetual inflation rates

      It was quite predictable. We’ll see what the Fed does.

      Note that senator running deer is leading this charge.

      As far as she is concerned, we can eat bugs. Steak is for people who matter.

  8. Russia Today — Twitter docs reveal FBI pressure to control speech (12/17/2022):

    “Twitter has maintained “constant and pervasive” contacts with the FBI and other US intelligence agencies for several years, according to internal company documents leaked to reporters. The files appear to show a concerted government campaign to blacklist content labeled as “misinformation.”

    Published by journalist Matt Taibbi on Friday, the sixth installment of the ‘Twitter Files’ revealed additional pressure placed on the website by the FBI and the Department of Homeland Security (DHS) between January 2020 and as recently as last month, largely focused on moderating particular posts and accounts discussing American elections.

    While earlier documents indicated high-level coordination between intelligence agencies and Twitter, the latest files suggest such collusion took place on a larger scale than was previously known. In a period of less than three years, the company’s former Trust and Safety chief Yoel Roth alone exchanged more than 150 emails with the FBI.”

    Yoel Roth? What did he write a PhD thesis about?

    https://twitter.com/elonmusk/status/1601660414743687169?ref_src=twsrc%5Etfw

    “Prior to Friday, Roth was the only executive said to have had regular, direct contacts with the bureau, however the new files show that legal exec Stacia Cardille also held weekly meetings with not only the FBI, but the DHS, Department of Justice (DOJ) and the Office of the Director of National Intelligence (ODNI) beginning in September.

    In a letter addressed to Twitter’s former Deputy General Counsel Jim Baker – himself an ex-lawyer for the FBI – Cardille noted that she asked whether there would be “impediments” to passing along classified information to industry partners. In response, the FBI was “adamant” that there were “no impediments to sharing.”

    “This passage underscores the unique one-big-happy-family vibe between Twitter and the FBI. With what other firm would the FBI blithely agree to ‘no impediments’ to classified information?” Taibbi asked.

    https://www.rt.com/news/568402-twitter-files-fbi-censorship/

    As the HBB’s resident Online Safety Expert, I implore that you stop noticing.

  9. Wall Street Journal — Ukraine Can Win the War. But the Cost May Be Too High for the West (12/11/2022):

    “Ukrainian leaders have vowed to retake all territory occupied by Russia, prompting a debate over what would be necessary for Ukraine to win and evict Moscow’s forces.

    The answer is primarily military because Russia is only going to abandon its hard-won gains if its troops suffer catastrophic losses, military strategists say. Behind those talks about weapons and ammunition is a deeper political question as Ukraine’s battlefield fortunes rely heavily on the willingness of Western governments to continue their multibillion-dollar military assistance to Kyiv.

    And pushing Russian forces out of the entrenched positions they hold in more than 15% of Ukraine’s territory will require an even greater flow of military support—possibly more than the West is willing and able to bear.”

    Sad trombone noises 🙁

    “Secretary of State Antony Blinken told The Wall Street Journal last Monday that the U.S. would support Kyiv in recovering territory Russia has grabbed since launching its large-scale invasion on Feb. 24, suggesting that Washington might not back Ukraine militarily in retaking areas that Russia seized in 2014, including the Crimean Peninsula.

    The mounting cost of furnishing Ukraine with weapons and other supplies is increasingly drawing attention. The U.S. has already provided nearly $32 billion in aid to Ukraine since Moscow’s full-scale invasion in February, including almost $20 billion in arms and other security assistance.

    Ukraine now requires roughly $5 billion a month in nonmilitary support to keep its state administration and vital services running.”

    https://archive.ph/hzYEk

    $5 billion that’s a lot of cocaine for Zelensky.

    Keep paying those federal income taxes, slaves.

    You’ll never be seen as anything more than cattle to these globalists.

    1. $5 billion a month in nonmilitary support

      $60B a a year. About 10% of their prewar GDP. Minus 10% for the big guy, of course.

    2. “And pushing Russian forces out of the entrenched positions they hold in more than 15% of Ukraine’s territory will require an even greater flow of military support—possibly more than the West is willing and able to bear.”

      Ground launched weapons such as the rockets fired from HIMARS are very expensive for the size of their punch, less than 200-lbs of explosives, which are ideal against a company sized target on the move.

      Larger established (buildings, mess hall, trenches, etc.) battalion and brigade sized forces are better destroyed with JDAMS, which start at 500-lbs and scale up to 2,500-lbs. Building and bunkers can be engaged with copper laden weapons, which are very efficient at killing occupants regardless of structural integrity. But, these JDAMS need to dropped from advanced modern aircraft, not theirs.

      The same goes for the patriot deployments, which require over 100 highly trained soldiers per system. This likely means “contractors” from another country already using the patriot system.

      It’s a slippery slope, and it’s clear we’re losing our footing.

  10. New York Post — Drudge Report slams Elon Musk over Twitter bans: ‘Is he tripping on drugs?’ (12/16/2022):

    “Drudge Report slammed Elon Musk over his ban of a half-dozen left-leaning journalists from Twitter — and appeared to speculate that the billionaire might lately be under the influence of drugs.

    Matt Drudge led his popular news aggregation site Friday morning with several news stories about Musk’s controversial clampdown, which the tech billionaire claimed was over concerns about the personal safety of his family.”

    https://nypost.com/2022/12/16/drudge-report-slams-elon-musk-over-twitter-bans-blame-the-ambien/

    Popular? Popular with the Lincoln Project and all the other NAMBLA Republicans.

    Has anybody actually visited the Drudge Report since 2017? The majority of Drudge’s “traffic” comes from old people that don’t know how to use computers that left a browser tab open that refreshes itself every minute.

    “They’re not sending their best”

    1. Matt Drudge led his popular news aggregation site Friday

      I don’t think Matt has anything to do with the Drudge Report for quite a while now.

  11. Breitbart — Overwhelming Majority of Americans ‘Concerned’ About Biden’s Economy (12/16/2022):

    “Most Americans “remain concerned” about the economy under President Joe Biden, despite his claims that he is “building the economy of the future,” a new Rasmussen Reports poll found.

    Out of 1,000 likely voters surveyed between December 12-13, 86 percent say they are concerned about the economy, including 60 percent who are “very concerned,” reflecting an overall increase in concern since August. Only 13 percent are “not concerned” about the economy.

    A majority of likely voters (61 percent) also believe the U.S. economy has gotten worse, compared to 18 percent who think it has improved.”

    https://www.breitbart.com/politics/2022/12/16/overwhelming-majority-americans-concerned-bidens-economy/

    How much more are you paying for FOOD now versus in January 2021?

    50%? 60%? 75%?

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

    1. Most Americans “remain concerned” about the economy under President Joe Biden

      Brandon remains unconcerned about what the average American is suffering, as he and his minions will be stuffing the ballot box in 2024.

  12. These globalists are such a sad joke.

    HuffPaint — United Nations Rips ‘Dangerous Precedent’ Of Elon Musk’s Chilling Crackdown On Journalists (12/16/2022):

    “United Nations officials are “very disturbed” by Twitter CEO Elon Musk’s “dangerous” assault on free speech in his crackdown on a group of U.S. journalists covering him and his businesses, a spokesperson for the international organization said Friday.

    Musk’s “arbitrary” action sets a “dangerous precedent” by suspending targeted prominent tech journalists reporting on him at news organizations including CNN, The Washington Post, The New York Times and Mashable, among others, Stéphane Dujarric told reporters.

    Dujarric said the media must not be censored on a platform that professes to be a haven for free speech — run by a billionaire who has claimed to be a “free speech absolutist.”

    “The move sets a dangerous precedent at a time when journalists all over the world are facing censorship, physical threats, and even worse,” said Dujarric.

    https://www.huffpost.com/entry/united-nations-dangerous-precedent-elon-muck-journalist-crackdown_n_639cf1bce4b044143047744f

    Censorship? You are a JOKE.

    It’s Musk’s $44 billion to lose if he wants to, not your money.

    1. I’m gonna go out on a limb and say this Dujurric person was just fine with Twitter suspending the New York Post’s account.

  14. Note the use of the Archive website to link to Salon, which denies them any clicks or revenue. And a reminder, this website is so worthless that when it was sold for $5 million a few years ago, its only value was its archive, legacy content, not anything it publishes now.

    Salon — “Groomers,” Paul Pelosi and so much more: The most unhinged GOP conspiracy theories of 2022 (12/17/2022):

    “Conspiracy theories have been a fixture of American politics for generations, but in the age of Donald Trump and the internet, they have become more dangerous and unhinged than ever. In the past year — quite likely a golden age of conspiracy theory — Republicans have endorsed all kinds of dubious, far-fetched or provably false theories, most based either in denying the validity of election results or embracing the all-encompassing online cult movement QAnon, which is now pretty much the conservative mainstream.”

    https://archive.vn/cPlzB

    The Twitter Files is the end of your globalist gatekeeping.

    You could always quit Twitter and move over to Mastodon with all the other pearl clutching hall monitors.

    Globalists gonna globe.

  16. Sounds like somebody needs more Online Safety Experts.

    New York Magazine — Ron DeSantis’s Anti-Vaccine Campaign Continues Trump’s War on the Rule of Law (12/16/2022):

    “This week, Ron DeSantis announced he would ask the Florida Supreme Court to form a grand jury to investigate makers of the COVID-19 vaccine, charging it with “investigating cardiac-related deaths tied to the mRNA vaccine” and bringing “legal accountability for those who committed misconduct.” It was perhaps inevitable that DeSantis’s war on COVID vaccines would escalate to the point that he would finally threaten to bring the power of the law down on his adversaries.”

    The power of the law? It’s a medical genocide. You globalists murdered millions, and many millions more will die from these phony “vaccines” that are not vaccines.

    “DeSantis’s threats against the pharmaceutical industry are almost certainly going to fail. Producing an extraordinarily effective vaccine and then updating it to keep pace with a rapidly mutating virus — in the face of a global pandemic that has killed millions of people — is not a crime. If anybody ought to be held accountable for misinforming the public about vaccines, it would be DeSantis, who has promoted kooky claims about the dangers of the jab.”

    Kooky claims?

    How many people do you know personally who have had heart attacks, strokes, aggressive cancers?

    Oh wait, STOP NOTICING.

    “During his appearance announcing the grand jury, DeSantis asked a doctor appearing with him, “If someone came up to you and just said, ‘Hey, doctor, are mRNA COVID shots safe and effective, how would you respond?” The doctor dutifully reported that such language is “a lie.”

    https://nymag.com/intelligencer/2022/12/ron-desantis-covid-vaccine-probe-trump-supreme-court.html

    Journalists like the author of this piece, Jonathan Chait, are also guilty of medical genocide.

    And the Noticing will continue until all of these globalists HANG.

        1. Gab? You can’t post links to Gab.

          By the authority vested in me by, umm… something something… can’t really explain that one right now… but by *MY* authority you can’t post links to Gab.

    2. First the vaccine is not a vaccine.
      The vaccine didn’t stop transmission, and Big Pharmacy didn’t even test for transmission.
      The claim that the jab saved over 3 million lives and 18 million hospitalizations, as Dr Fauci alledged lately, is proven how? They are just making this shit up.
      A Grand Jury would be a check and balance
      against laws that prevent false advertising on a product . Big Pharmacy claims they were approved by the FDA, therefore they have immunity to any criminal or civil probes of wrongdoing.
      Everybody knows that the vaccine campaign was false and designed to obstruct informed consent and censor dispute to the “safe and effective, you won’t get Covid”narrative..
      They got advertising laws , they got manufacturing laws, they got bio-weapon gain of function laws ,they have treason laws with a foreign Country ,they have first amendment rights, ,they have informed consent laws,,,,fraud laws, , etc etc.
      What Big Pharmacy is really saying is they get to supersede countless laws because they have vaccine immunity and the FDA approved their fake vaccine.
      And somehow they get to circumvent standing law all in the interest of ” preventing vaccine hesitancy” for greater
      good for whom.
      Also Biden can mandate a expierment vaccine , and repeat the false advertising and defraud the public , and that’s ok also.
      Also a body of evidence is emerging that the Covid was nanoparticle toxins released, rather than it being a virus, and the vaccine was the bioweapon.
      I think the New World Order group has pulled off a massive scam on the globe , and they are doing drills on a new pandemic, that will be more deadly and target children.
      So, these criminals have to be stopped , and those fake vaccines destroyed and the Governor of Florida is trying to stop this by Grand Jury investigation .
      Time is of the essence, as the massive death and injury from the fake vaccines are
      off the charts, while the cover up of this continues.

      ,

  17. “Once known for its stable and investment-friendly banking system, Lebanon…”

    Once when? 1970? Before the Muslims took over?

  18. ‘The Fed is nowhere near having conquered inflation,’ Rogoff said.

    The Fed has no intention of “conquering” inflation. They will keep issuing their one and only product, debt, and buying it up with created-out-of-thin-air Yellen Bux “money.” Only a proper audit of this criminal private banking cartel will uncover their REAL balance sheet and financial chicanery.

  19. In fact, Dallas Fed economist Enrique Martinez-Garcia says that ideally, the Federal Reserve will ‘carefully thread the needle of bringing inflation down without setting off a downward house-price spiral.’”

    Another “expert” opinion that is not going to age well.

  20. It’s highly probable we’re going to have a recession.

    Our fake, Soviet-style BLS & CPI stats can’t conceal the fact that by all the metrics that matter, we’re already in a recession, that is barreling towards a full-blown depression. Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay.

  21. A reader sent these in:

    This is the problem. In 2005 when I started using a new kind of credit default swap, our auditors were learning on the job. That’s not a good thing. Same goes for FTX, Binance, etc. The audit is essentially meaningless.

    https://twitter.com/michaeljburry/status/1603786372996665344

    @DiMartinoBooth Not sure I’m reading this correctly, but it looks like the Philadelphia Federal Reserve just said the BLS missed on their Q2 2022 labor numbers by 1.1 million jobs. Do I have that right, and if so, why is that not front page news?

    https://twitter.com/RichHuisinga/status/1603953329029029888

    Bad news. Im in the RV world, sales faucet turned off in june. No new being sold, only used due to cost explosion. 800 cred buyer this week, could only get bank to go 100%/invoice, usually get 130%.. banks are tightening… boom to bust, ive seen this movie.

    https://twitter.com/RandalltheRVphd/status/1603958986474037253

    The Kobeissi Letter

    In 3 days, the stock market is quietly down as much as its average annual return and it’s barely making headlines.

    https://twitter.com/KobeissiLetter/status/1603778439105744896

    The Kobeissi Letter

    Recent events:
    1. Credit card debt near record $1 trillion
    2. Mortgage demand hits lowest since 1997
    3. Americans lost $7 trillion in net worth this year
    4. FTX collapse marks $30 billion fraud case
    5. Housing market falling at fast pace since 2011
    A recession must be near.

    https://twitter.com/KobeissiLetter/status/1603746356304166912

    My niece and her husband bought a vacation home in Northern GA at the height of the bubble. Now they find they’re not using it much (9 hr drive) and it loses money as a STR. I can’t see this lasting and wonder how many millions are in the same situation

    https://twitter.com/ContrarianSaver/status/1603725357961445376

    Excerpt from a new report from Wolfe Research below. Translation: Consensus sucks for people levered up with DSCR loans on 16 Airbnbs

    https://twitter.com/texasrunnerDFW/status/1603890245203890176

    Anna Wilson | Telluride Real Estate

    @Stimpyz1 That’s a great insight on the national market, but I work in a very nuanced market and know how to represent my clients here. Just out enjoying this gorgeous Colorado winter, no need to troll!

    https://twitter.com/annatelluride/status/1603790927704866816

    All of them. You seem like a nice lady, Anna. But c’mon. Everything sold in 2020, and now it’s all back on up 50% to 100%. Meanwhile mortgage rates are exploding, stocks are getting killed, WFH is history, and STR are becoming a problem. Agents need to be realistic, so do sellers

    https://twitter.com/Stimpyz1/status/1603788717017116672

    During the previous 8 bear markets, the Fed responded with easy money every time (rate cuts, QE, etc.). This year they’ve done the opposite, hiking rates 425 bps and reducing their balance sheet. Why the difference? Inflation, which hit a 40-year of 9.1% back in June.

    https://twitter.com/charliebilello/status/1603217622555889666

    Checking in on our favorite failed March 2022 flip

    https://twitter.com/GRomePow/status/1603528120484564993

    We had to listen to Kevin O’Leary pump the shit out of crypto as a paid spokesman for years. But now that he lost money he wants the regulators to come and save him. He’s upset. He wants uncle sugar to make things right. The hypocrisy and entitlement are nauseating.

    https://twitter.com/kofinas/status/1603220017876697088

    New Zillow Report Suggests Renters Must Work 63 Hours To Afford Rent In The U.S.

    https://twitter.com/pendergraftfirm/status/1602997894897979395

    Aaron Layman

    Houston housing market update: November sales slide 30.4% from a year ago. Inventory up to 2.9 months of supply. Note to HAR: please spare us with the 6 months is a “balanced market” BS NAR talking point. It’s old & factually incorrect.

    https://twitter.com/dfwaaronlayman/status/1603593998521753604

    Car prices are beginning their collapse.

    https://twitter.com/DonMiami3/status/1603760200447565825

    There is no housing shortage. A high demand for secondary and investment homes does not a housing shortage make. If you hear someone saying this, run. They want your money.

    https://twitter.com/ShlomoChopp/status/1603394532774711296

    Let’s be clear, if you’re financing a pair of jeans, you’re not making good life choices

    https://twitter.com/profplum99/status/1603765030649860097

    FITCH RATINGS: DISINFLATION AND ECONOMIC SLOWDOWN ARE TO MEAN LOWER 2023 REVENUE GROWTH IN THE US AND CANADA, WHERE HOUSING MARKETS ARE SLOWING DUE TO SHARP TIGHTENING IN CONDITIONS.

    https://twitter.com/financialjuice/status/1603793836857327623

    Yikes … Some of these bag holders ain’t gonna make it … closing next month … no wonder they having weekly protests. I wonder what the original price was on this one … There’s a few more like this with closings in March and April 2023. Paradise turned hell for some.

    https://twitter.com/ManyBeenRinsed/status/1603825461674622976

    Yah … this is so counterproductive … sh*t like this just inflaming others not to touch pre-cons in this environment …All the Paradise Development buyers who spoke to me have gone ghost … were they forced to sign a NDA?!? 🙄

    https://twitter.com/ManyBeenRinsed/status/1603493955634868225

    Loretta Mester of @ClevelandFed is the third central bank official today to warn that rates could move beyond what policymakers forecasted in the latest dot plot of individual rate projections. Says fed funds may top 5.25% to get inflation back to target

    https://twitter.com/colbyLsmith/status/1603853071989280782

    Trisha Balsizer, Realtor

    Text I received this AM from another agent. Why not an equity line to only pay a higher interest rate on the 20k?! Too much credit card debt (& someone likely preying on them). So to take out 20k, they increased the principle owed by over 30k! Paying >$8,500 just in points.

    https://twitter.com/TrishaFLsun/status/1603858927040757760

    Toronto real estate. How it started…How it’s going

    https://twitter.com/StephenPunwasi/status/1603859903294033920

    The Kobeissi Letter

    Replying to
    @elonmusk and @GuyDealership
    Now imagine all the people that took mortgages and their houses are going to be down 20-30% in value. Same situation. Or even worse, the people taking mortgages now at 7% interest in a still-inflated housing market. This is not just in auto, it is everywhere.

    https://twitter.com/KobeissiLetter/status/1603821381896265728

    CarDealershipGuy

    This morning I discovered something *extremely* alarming happening in the car market, specifically in auto lending. I’m now convinced that there is a massive wave of car repossessions coming in 2023. Here’s what I discovered (and what no one knows):

    https://twitter.com/GuyDealership/status/1603794722140688384

    Danielle DiMartino Booth

    Unlike @GuyDealership I never doubted a wave of repossessions was in train. This was based purely on labor market trends (continuing claims up 28% over May low-no more stimmies=defaults). The wrinkle described in this thread makes what was a wave into a tsunami

    https://twitter.com/DiMartinoBooth/status/1603813636354588701

    Phoenix home sales per month absolutely collapsing

    https://twitter.com/GRomePow/status/1603865446700109824

    Well, what do you know? I just wrote about this yesterday. What timing!
    Blackstone’s Real Estate Fund for Wealthy Prompts SEC Queries, Investor Scrutiny

    https://twitter.com/AyeshaTariq/status/1603780910998065157

    CarDealershipGuy

    you’re not depressed you’re just financing a car that’s lost 30% of its value in the last 3 months

    https://twitter.com/GuyDealership/status/1603540789333729281

    On the back of my tweet yesterday about privates

    https://twitter.com/INArteCarloDoss/status/1603793828498079750

    Real estate funds are gating. Private credit funds are gating. Crypto pyramid is collapsing. $ can’t stay weak for more than a couple of weeks. The rules of the game changed and the players have never played the new rules. You get 4.5% to sit on the couch and eat popcorn

    https://twitter.com/INArteCarloDoss/status/1603501902641205248

    To illustrate point on privates. Total private investments have gone up from $ 2.5 T to $ 11 T over the last decade. That’s Private Equity, RE, Credit, Infra,.. $ 11 T is 25% of all listed US market cap. Unmarked so far. Gating is the tip of a massive iceberg

    https://twitter.com/INArteCarloDoss/status/1603522849339211781

    The economy is “strong” 🔥🔥🔥 Fed speakers, “I don’t see a recession coming”.🤣

    https://twitter.com/WallStreetSilv/status/1603794982816489477

    Federal Reserve Bank of Philadelphia estimates that the employment data was vastly overstated in 2022. 10k jobs added instead of 1.1 million reported from March to June of 2022.👀🚨 The elections are over, so this can now be corrected.

    https://twitter.com/WallStreetSilv/status/1603646109376659456

    Kevin O’Leary: Binance put FTX out of business on purpose

    https://twitter.com/GRDecter/status/1603072199354638338

    The Fed may be raising interest rates, but their balance sheet still looks like this

    https://twitter.com/GRDecter/status/1603416478581129217

    Aaron Layman

    Lennar posts higher deliveries in Q4 but orders fell 15%.
    Order value fell 24% compared to the same quarter last year. Average order price dropped, $50,000, falling from $469k to $419k.
    Order prices for Texas division dropped from $327k to $262k. I have an idea why.😂

    https://twitter.com/dfwaaronlayman/status/1603157556217749506

    Danielle DiMartino Booth

    The $1.4T private debt market that was nonexistent a cycle ago is 68% owned by US public pensions. What I didn’t mention, to your point, public pensions have MASSIVELY piled into private real estate. The frightening aspect of BREIT is it’s an entirely inappropriate RETAIL product.

    https://twitter.com/DiMartinoBooth/status/1603487312020750336

    AirBnB kills the cleaning fees memes once and for all by launching upfront pricing. A bunch of hosts are going to need to either lower prices or find a new racket.

    https://twitter.com/Carnage4Life/status/1603326850021101568

    Steve Saretsky

    National house prices fell another 1.4% in November. Prices are down 16.4% since peaking earlier this year in March. Steepest decline on record.

    https://twitter.com/SteveSaretsky/status/1603417039947063296

      1. +1 it’s one of the best recurring posts on this blog, except for all the noticing. Too much noticing going on here…

    2. CarDealershipGuy

      you’re not depressed you’re just financing a car that’s lost 30% of its value in the last 3 months

      Isn’t that what normally used to happen, you drove the car off the lot and it took a huge hit? So you didn’t finance a car unless you intended to keep it for years and knew you could make the payments come hell or high water. Trading it in every year always meant that you lost your @ss in the deal and would have to write a check.

      Of course as people are eaten alive by inflation and lose their jobs in the coming depression, car payments won’t be made and repos will soar.

      1. Gosh, what happens if FBs who financed new vehicles during Peak Insanity (2020-2021) when stimmy checks were raining down like manna from heaven, decide they’re financially better off to let the trucks, SUVs, or cars for which they vastly overpaid get repo’ed, then pay cash for used cars at firesale prices once the tidal wave of repos overwhelms auctions & dealer lots? I fear lenders could be forced to absorb ruinous losses thanks to their reckless lending. (Sad Debbie Downer trombone noises.)

        1. The repo part will happen, but then buy a used car for cash? Most of them don’t have a pot to p!ss in.

  22. Emails from the FBI to Twitter released on Dec. 16 showed bureau officials flagging specific people for Twitter to take action against, the latest tranche of documents that bolster evidence that the government and Big Tech have been colluding to censor Americans.

    In one missive dated Nov. 3, FBI officials flagged 25 accounts, including that of the media outlet Right Side Broadcasting Network that had created posts that “may warrant additional action due to the accounts being utilized to spread misinformation about the upcoming election.” The list was sent to Twitter several days later by Elvis Chan, a top official at the FBI’s office in San Francisco.

    In another email, dated Nov. 10, the FBI’s San Francisco field office sent Twitter four accounts, stating that agents believed they “may potentially constitute violations of Twitter’s Terms of Service for any action or inaction deemed appropriate within Twitter policy.”

    A third email, an internal Twitter missive, showed that Twitter was processing a list of posts that had been flagged by the FBI for “Possible Violative Content.” One of the posts commented on a video of then-Democrat New York Gov. Andrew Cuomo talking about COVID-19 vaccine mandates and stated: “This is our future guys if the dems get full control. If you are in George you better vote Wednesday.”

    The emails were released by journalist Matt Taibbi.

    Twitter CEO Elon Musk has said that he granted Taibbi and other journalists access to Twitter documents.

    Musk shared Taibbi’s thread of posts shortly after it was posted.

    Multiple accounts that the FBI flagged were banned, including at least one with a handle indicating they are based in the United States.

    Twitter and the FBI did not immediately respond to requests for comment.

    The files showed that the FBI and Yoel Roth, the recently departed head of trust and safety at Twitter, exchanged over 150 emails between January 2020 and November 2022, according to Taibbi. Chan said that he was regularly in contact with Roth and another senior Twitter official, Will Newland, who also recently left the company after Musk took over. Chan also said he was regularly in touch with equivalent officials at other big tech firms, including Google and Facebook.

    Chan was recently deposed in the case brought by the states of Missouri and Louisiana against the government and big tech firms, including Twitter, for alleged censorship coordination.

    Chan said under oath that the FBI set up a command post ahead of the 2020 election to send election-related posts to Twitter and other platforms for possible action. A similar group flagged posts on the day of the 2022 midterms, Chan said.

    “I remember in some cases they would relay that they had taken down the posts. In other cases, they would say that this did not violate their terms of service,” Chan said.

    He categorized the FBI as having a “50 percent success rate.”

    Chan was identified by Facebook as one of the officials who warned about a foreign “hack and leak” operation ahead of the 2020 election, shortly before the laptop computer owned by President Joe Biden’s son Hunter Biden was first reported on in October of that year.

    “From my recollection, I remember that the FBI warned—that I or someone from the FBI warned—the social media companies about the potential for a 2016-style DNC hack-and-dump operation,” Chan said during the deposition.

    Democratic National Committee files were posted online by WikiLeaks in 2016. U.S. officials have said the DNC was hacked on or around May 25 to June 1, 2016, but Crowdstrike, the firm the DNC hired to analyze what happened, has since told The Epoch Times that the DNC systems were not hacked during that time frame.

    In October 2020, Twitter locked the New York Post, which first reported on Hunter Biden’s computer, out of its account, prevented other users from sharing the link, and curtailed the circulation of existing posts that had shared the story. Facebook also cut down on the article’s circulation.

    Former Twitter CEO Jack Dorsey later said it was a mistake to censor the computer story, while Roth said, “in my opinion, yes,” when asked recently whether it was a mistake.

    Previous sets of files released by Taibbi and others showed Twitter employees were confused over why the story was censored.

    “I’m struggling to understand the policy basis for marking this as unsafe,” one said.

    Now-former Twitter Deputy General Counsel Jim Baker—a former FBI lawyer—said in a different message that “we need more facts to assess whether the materials were hacked” but added  that “at this stage, however, it is reasonable for us to assume that they may have been and that caution is warranted.”

    https://www.theepochtimes.com/newly-released-emails-show-fbi-flagging-accounts-for-twitter-to-punish_4929385.html

    1. If you don’t stop posting these Epoch Times links you need to get kicked off of, umm… oh wait, it’s your blog. But anyway, this level of noticing is starting to threaten people’s lives. We can not accept this level of noticing.

      https://westernrifleshooters.us/wp-content/uploads/2022/12/bd0959ea31172ada-1024×1024.jpg

      And I’m not a Elon fanboy who supports everything he says or does (disclosure: I sometimes install residential electric vehicle chargers, because it’s easy money) but I am really enjoying everything that has been coming out about Twitter the last few weeks.

      Nowhere to hide, globalists.

      The naming will continue…

      1. I love playing whack-a-mole…looks like something changed in one of the blog’s software with regards to the ‘x’ symbol so it’s not inlining the image…

        I’ll patch the JTE here in a bit….

    2. In a perfect world, membership in or support to the Democratic Party would be grounds to deny applicants to any job requiring an oath to defend and uphold the Constitution. Subscribing to alien-imposed Neo-Bolshevik ideologies is fundamentally incompatible with the notion of loyalty to the Constitution, to liberty, or the American Republic (as opposed to “our democracy.”)

      https://defiantamerica.com/fbi-used-twitter-to-censor-but-emails-from-the-latest-twitter-files-reveal-that-they-also-used-google-facebook-yahoo-wikimedia-and-reddit-screenshots/

    3. It’s (Almost) Always the Feds: How the FBI Fabricates Schemes To Entrap Would-Be Radicals

      The FBI’s long history of using informants and manufactured plots to prosecute extremists

      C.J. CIARAMELLA | FROM THE OCTOBER 2022 ISSUE

      Here’s a tip: If you have some radical political views and an acquaintance reaches out, encourages you to act on your convictions, and maybe offers to introduce you to a guy who can sell you some bomb parts, don’t take him up on it. That guy’s almost definitely working for the feds.

      It looked like the case against the Michigan militia members who allegedly plotted to kidnap Democratic Gov. Gretchen Whitmer in October 2020 was going to be another data point in that trend: an extremist group riddled with FBI informants set up to take the fall for all their big talk. An unusual thing happened, though. The jury didn’t buy it. When the verdicts were read a year and a half later in March, two of the militia members were acquitted, and the jury deadlocked on the other two.

      The FBI has typically portrayed these investigations as efforts to thwart domestic terror, but all too often, the result has been to encourage or invent plots that were unlikely to succeed. In the Whitmer case and others, the feds weren’t stopping terror: They were helping bumbling defendants plan and enact it.

      https://reason.com/2022/09/04/its-almost-always-the-feds/

      1. Whitmer Kidnapping Conspirators Found Guilty

        By Steven Kovac
        August 23, 2022

        A jury has found defendants Adam Fox and Barry Croft Jr. guilty of conspiring in 2020 to kidnap Michigan Gov. Gretchen Whitmer, a Democrat.

        After about nine hours of deliberation over two days, the jury convicted Fox and Croft of conspiracy to commit kidnapping and conspiracy to use a weapon of mass destruction. Croft was also convicted of possession of an unregistered destructive device.

        This was the pair’s second trial before U.S. District Court Judge Robert Jonker. Their first trial ended in April with the jury unable to arrive at a unanimous verdict.

        During the first trial, two other defendants were found not guilty. Two other men pleaded guilty and testified against Fox and Croft in both trials.

        Eight more men are facing state charges.
        In the second trial, federal prosecutors relied heavily on the testimony of the two plea-bargaining confessors, as well as that of undercover FBI operatives, text messages, and secretly recorded conversations, to make their case.

        1. “The big picture: The FBI started tracking the conspiracy to kidnap Whitmer and violently attack and overthrow the state government in early 2020 through social media platforms and ultimately disbanded it”

          Three sentenced to prison over plot to kidnap Michigan Gov. Whitmer

          Jacob Knutson
          Dec 15, 2022

          Three men found guilty of participating in a 2020 plot to kidnap Michigan Gov. Gretchen Whitmer (D) were sentenced to prison on Thursday, the Associated Press reports.

          Why it matters: In October, the men — Joe Morrison, Pete Musico and Paul Bellar — were convicted of providing material support to a terrorist act, which carries a maximum term of 20 years.

          The federal government charged six men in October 2020 over the plot. Morrison, Musico and Bellar were among seven other men charged by Michigan’s attorney general for allegedly helping to plan it.
          Morrison, Musico and Bellar were also found guilty of gun violations and membership in a gang. They had been members of a paramilitary group known as the Wolverine Watchmen.
          By the numbers: Musico received a sentence of 12 years in prison. Morrison was given a 10-year sentence, and Bellar got seven years.

          The plot was in part in response to Whitmer’s implementation of restrictions meant to prevent the spread of the coronavirus.
          Currently, two men could face possible life sentences over the plot, while others received prison sentences of four years and two-and-a-half years. Two men were also acquitted by a jury.

          https://www.axios.com/2022/12/15/whitmer-kidnapping-plot-prison-sentence-michigan

  23. “Bank of Canada Governor Tiff Macklem said there is a ‘greater risk’ of not doing enough to tackle inflation than doing too much and damaging economic growth, even as the bank has signalled that it is nearing the end of its aggressive rate-hike cycle.

    Only in #ClownWorld would we have central bankers named Tiff.

  25. This is a paid YouTube ad about ‘antisemitism.’ Look at the comments – this is what happens when people start “noticing” things you’re not supposed to see, or comment on. Like who controls the media, Hollywood, Madison Avenue, the financial system, and the political prostitutes of the Republicrat duopoly.

    https://www.youtube.com/watch?v=24QwugKb73s

  27. ‘Since the peak earlier this year, the MLS Home Price Index has plummeted in Cambridge (-21 %), London (-19%), Kitchener-Waterloo (-19%), Brantford (-18%), Hamilton-Burlington (-18%), Kawartha Lakes (-17%), Barrie (-17%), Chilliwack (-16%) and the Fraser Valley (-13%).

    Is that a lot?

    1. I’m disappointed that it took 3 years after the verdict and their award was reduced, but finally, they got it.

  32. “‘There’s adjustments to come in the housing market,’ Rogoff said. ‘Prices are going to have to come down so that more people can afford it.’”

    Those are encouraging words from a Harvard economics professor who used to work at the International Monetary Fund. The US’s long sought but ever elusive affordable housing goal may be finally coming into view. This is especially so if all the Wall Street investors who piled into residential housing as a way to get rich off the Fed’s mortgage backed securities Quantitative Easing purchases get burned so badly that they decide to divest their residential HODLings.

    1. I don’t think she is wearing a bra in the pic with the white spaghetti strap tanktop and palm trees in the background.

      Oh, wait. Not *THAT*kind of noticing…

  34. Is it unusual for bonds to go up when stonks CR8R on another installation of the Fed’s endless series of rate hikes? I thought higher rates were bad for both stocks and bonds.

    1. Investor’s Business Daily
      Stock Market Rally Suffers Ugly Outside Week; Here’s What To Do
      ED CARSON 09:59 AM ET 12/17/2022

      Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures.

      The stock market rally suffered heavy damage this week in the wake of a hawkish Fed outlook and weak economic data that raised concerns that the Federal Reserve will drive the economy into a recession. The Nasdaq and S&P 500 index closed the week below their 50-day moving averages.

      Megacap stocks remain a drag on the major indexes, especially Apple (AAPL) and Tesla (TSLA), with TSLA stock plunging to fresh bear market lows. Amazon.com (AMZN) and Google parent Alphabet (GOOGL) aren’t too far away from their lows. Microsoft didn’t lose too much for the week but fell back from the 200-day line. Nvidia (NVDA), which had been part of a chip rebound, reversed lower, back below key support.

      But the megacaps aren’t hiding underlying strength. Most stocks that had flashed buy signals in recent days and weeks turned south. Leading sectors also suffered.

      Insulet (PODD), Commercial Metals (CMC), Elf Beauty (ELF), Peabody Energy (BTU) and Dow Jones giant Caterpillar (CAT) are holding up relatively well. None are actionable right now, however.

      Investors should be wary of making any buys in the current market, but focused on trimming exposure and building up watchlists.

      …

      Stock Market Rally

      The stock market rally soared Tuesday morning, but then sold off hard, ending the week with sharp losses.

      The Dow Jones Industrial Average fell 1.7% in last week’s stock market trading. The S&P 500 index shed 2.1%. The Nasdaq composite slumped 2.7%. The small-cap Russell 2000 gave up 2.4%.

      The 10-year Treasury yield fell 9 basis points to 3.48%. Despite the hawkish Fed talk, markets expect a quarter-point hike in February and in March, but with a growing chance that there will be no move in March.
      …
      https://www.investors.com/market-trend/stock-market-today/stock-market-rally-suffers-ugly-outside-week-tesla-stock-what-to-do/

      1. “Investors should be wary of making any buys in the current market, but focused on trimming exposure and building up watchlists.”

        That’s the spirit!

    2. Finance
      Fed’s 2 percent inflation target comes under fire from lawmakers, Wall Street
      by Tobias Burns – 12/15/22 4:47 PM ET
      Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington.
      (AP Photo/Jacquelyn Martin)

      The Federal Reserve’s 2 percent target rate for consumer inflation is coming under scrutiny from economists, lawmakers and investors, who are all expressing doubts not only about whether 2 percent inflation is desirable in the post-pandemic economy but if it’s even possible.

      “I doubt that the [Federal Reserve] alone can get us below about 4 percent,” Senate Banking Committee member Thom Tillis (R-N.C.) said Wednesday. “And so then the question is, what can we do or what can the administration do from a regulatory standpoint that will take the edge off?”
      …
      https://thehill.com/policy/finance/3777070-feds-2-percent-inflation-target-comes-under-fire-from-lawmakers-wall-street/

  36. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8248252/?_kx=i2UTVjIOv36Rgwl9oCtR9YOR4nrchBObo-HetYsbLzU%3D.WSjf9a

    Published online 2021 Jun 21

    Conclusions:

    Moderate-certainty evidence finds that large reductions in COVID-19 deaths are possible using ivermectin. Using ivermectin early in the clinical course may reduce numbers progressing to severe disease. The apparent safety and low cost suggest that ivermectin is likely to have a significant impact on the SARS-CoV-2 pandemic globally.

    1. I found a doctor who would prescribe it, I bought some and saved it. I took it after I caught the coof and it was mild.

      1. Ivermectin was the drug along with others that disqualified the EUA for the fake vaccine.
        They also had a Ivermectin trial that was rigged to make it look like the drug didn’t work, that was covered by Bret Weinstein.
        The drug worked really well and the safety was excellent.
        When are people going to realize that Science was corrupted by rigged trials and Grant funding only going to Scientist that concluded the narrative that was wanted.
        Its the same with the Climate Change Narratives.
        Basically Science became a bribery system that you didn’t get funding unless you promoted the theory the bribes wanted. In fact , your career could be destroyed and defunded if you concluded a fact that went against the wanted narratives.
        All those years that Science was tainted by guys like Dr Fauci who controlled funding.

        1. “…the narrative that was wanted.”

          Narrative-driven science is an interesting thing to behold, especially when the data sharply contradict the narrative.

        2. Ivermectin was the drug along with others that disqualified the EUA for the fake vaccine.

          The Narrative was strong. When I told people that I took Ivermectin after I tested positive, many said “You took horse paste?” When I told them that I had a prescription, had it filled at a real pharmacy and didn’t buy it at Tractor Supply, their eyes boggled. They had no idea that was an option.

          I did have to hunt for a pharmacy that would fill the prescription. Some refused. Needless to say, they won’t be getting any business from me in the future.

          1. To bad that they censored Ivermectin. I have seen some studies showing that Ivermectin might break down the spike protein in the fake vaccine. I have also seen studies showing the Ivermectin breaks down cancer of all things. .
            Ivermectin cures ” river blindness disease”
            and of course parasites.
            Makes you wonder how much disease is actually caused by parasites,as opposed
            to other theories.
            Dogs, horses and cats etc are treated for
            parasites and worms, but oh no the human mammals couldn’t be suffering from parasites…
            Just saying

    1. Known as ‘The One Above All Else,’ the $250million penthouse holds seven bedrooms, nine-and-a-half baths, and 23 rooms atop the 1,550-foot tower overlooking Central Park.

      Do these airboxes come with an escape pod in case of a fire?

      The only times I’ve ever had views like that is aboard an airliner, and at that point I can’t wait for it to land.

    2. I am terrified of tall buildings like that. I would be trembling if I was out on that balcony. My mind starts wondering about the construction quality, etc. NO THANK YOU.

      1. A friend used to live on the 32nd floor. I wouldn’t go near the balcony or open windows. IIRC, many windows in NYC don’t have screens.

  38. “It’s also highly probable … that we may find inflation sticky at around 4%, which is going to put the Fed and us all in a difficult situation in the middle of next year,’ El-Erian said. ‘Do we crush the economy more? Not a good idea. Do we increase the inflation target? Not a good idea. Do we try to somehow see whether we can live with high inflation for a while?’”

    4% inflation cuts the value of your dollars in half every 18 years. Hedge your bets accordingly.

    1. As the HBB’s resident Online Safety Expert, thank you for posting “the Democratic Party” and not “Democrat Party” as some agents of disinformation have been doing lately on this blog.

      $0.05 has been deposited in your Social Credit Score account.

    1. Did you know ADL trains every new FBI agent on their role as protectors of the American people and the Constitution?

      If this is true, and at this point I see no reason to doubt it, then we are no longer a Republic.

    1. a trend financial analysts fear will continue, in a sign of the strain soaring car prices and prolonged inflation are having on household budgets

      Just wait until the layoffs really start to pile up. As I mentioned below, unemployment in Colorado is projected to rise from 3.5% to over 9% next year. There’s going to be a bumper crop of repos.

  43. Did the Wall Street-Federal Reserve Looting Syndicate just put the finishing touches on the next Great Muppet Reaping?

    Real-Money Funds Dump $100 Billion of Stocks on Rebalancing

    https://www.bloomberg.com/news/articles/2022-12-17/pension-wealth-funds-dump-100-billion-of-stocks-in-quarter-end-rebalancing?

    The world’s biggest money managers are set to unload up to $100 billion of stocks in the final few weeks of the year, adding to a selloff that’s snowballed since Jerome Powell’s unequivocal message that policymakers will press on with aggressive tightening at the risk of job cuts and a recession.

    Notwithstanding their losses this week, equities gained over the quarter, driving up their value relative to other asset classes and forcing managers with strict allocation mandates to sell them to meet targets. Bonds are the likely beneficiaries of sales by sovereign wealth, pension and balanced mutual funds looking to replenish their fixed-income holdings, according to JPMorgan Chase & Co. and StoneX Financial Inc.

      1. Tech
        Mazars Group suspends all work with crypto clients including Binance, Crypto.com, citing concerns over public perception of proof of reserves
        Published Fri, Dec 16 2022 8:11 AM EST
        Updated Fri, Dec 16 2022 1:30 PM EST
        MacKenzie Sigalos
        Kate Rooney

        Key Points
        – Accounting firm Mazars Group has suspended all work with its crypto clients, according to its former client and the world’s largest crypto exchange, Binance.
        – The decision to cut ties with Binance, KuCoin and Crypto.com comes just after the global accounting firm released “proof of reserve” reports for several digital asset exchanges.
        – A spokesperson from Binance, the world’s largest cryptocurrency exchange, told CNBC in a statement that, “Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance.”
        …
        https://www.cnbc.com/2022/12/16/mazars-suspends-all-work-with-crypto-clients-including-binance-cryptocom.html

    1. The perfect antidote to the “music” being pushed by the globalists

      You mean hip hop? I think anything is more desirable.

  47. The Department of Homeland Security (DHS) has neglected to provide in full certain disclosures requested by members of the U.S. Senate relating to the department’s growing role in “counter-disinformation” activities, and this failure is particularly egregious in light of the co-equal roles of the executive and legislative branches of the government, two senators have charged in a Dec. 15 letter to DHS Secretary Alejandro Mayorkas.

    Sen. Charles Grassley (R-Iowa), ranking member of the Judiciary Committee, and Sen. Josh Hawley (R-Mo.) charge the DHS with ignoring or downplaying their “serious concerns” about the DHS’s “growing counter-disinformation efforts” as conveyed previously in a letter of June 7, which formally requested “information necessary to inform our congressional oversight of DHS activities.”

    The senators are deeply concerned about the DHS’s admitted plans to ramp up its efforts to play a role in monitoring and mediating MDM, a common acronym for “mis-, dis-, and mal-information,” disseminated through social media, on topics as varied as the origins of the COVID-19 pandemic, race relations in America, and the hasty U.S. pullout from Afghanistan in August 2021.

    According to the senators, the DHS’s response to their June 7 letter, which was dated June 29, did not answer any of the ten questions they had posed in their June 7 communication.

    Even more seriously, the DHS included with its June 29 letter three “document productions” supposedly intended to allay the senators’ concerns, but the first of these contained documents already in the public domain, and the third featured some 500 pages of information, half of which was partly or completely redacted.

    “Based on our review of this material, it appears that many of the redactions are applied to pre-decisional and deliberative process material,” the senators write, before going on to remind Mayorkas that they have advanced their requests as sitting members of Congress whom DHS cannot legally ignore or blow off, given the separate and co-equal character of the executive, legislative, and judicial branches comprising the U.S. federal government.

    The Freedom of Information Act applies neither to the requests, nor to DHS’s procedures in protocols in responding to them, and the redaction of content—as DHS might do in response to a journalist’s request for information—is not appropriate here, the senators contend.

    The senators also take DHS to task for complaining, in its letter of June 29, about Congress’s having made documents available to the senators without getting approval from DHS.

    Here, too, Grassley and Hawley charge DHS with having misconstrued the nature of its relationship to other branches and having falsely assumed that DHS enjoys the right to apply executive branch designations such as “Predecisional,” “Deliberative,” and “For Official Use Only,” and thereby limit what documents and materials the senators may obtain by means of lawful whistleblower disclosures and oversight requests. In the case referenced in DHS’s June 29 letter, the senators state, they did not unconditionally release all the material provided to them and included limited redactions of their own where appropriate.

    “We make such decisions independently, based on our assessment of what will be in the best interest of transparency and the public interest. Moreover, DHS should learn a lesson in accountability and transparency when patriotic whistleblowers provide full and complete records in contrast to DHS failing to follow that standard and instead providing improperly redacted records,” Grassley and Hawley write.

    The senators convey their considerable “alarm” at public reports that illuminate DHS’s growing role in “counter-disinformation activities.”

    “These efforts stretch well beyond DHS’s seriously misguided effort to establish a Disinformation Governance Board (DGB),” they write, pointing to a document prepared by Cybersecurity Advisory Committee of the Cybersecurity and Infrastructure Security Agency (CISA) and released by The Intercept, which states that “CISA has a burgeoning MDM effort” that includes “directly engaging with social media companies to flag MDM.”

    The same Intercept article also quotes a draft copy of DHS’s Quadrennial Homeland Security Review stating that in coming years DHS will aggressively combat what it sees as bogus information on a range of topics including “the origins of the COVID-19 pandemic and the efficacy of COVID-19 vaccines, racial justice, U.S. withdrawal from Afghanistan, and the nature of U.S. support to Ukraine.”

    The senators conclude by making two formal requests to Mayorkas, namely, full and complete answers to all questions raised in the senators’ June 7 letter, along with unredacted copies of the documents provided in DHS’s initial response; and a detailed account of DHS’s policy for replying to congressional oversight requests, specifying how DHS makes decisions about redacting material that members of Congress have asked for.

    https://www.theepochtimes.com/mkt_app/dhs-redacted-critical-details-about-anti-disinformation-activities-sens-grassley-hawley_4929177.html

    1. We got a problem:

      ‘The same Intercept article also quotes a draft copy of DHS’s Quadrennial Homeland Security Review stating that in coming years DHS will aggressively combat what it sees as bogus information on a range of topics including “the origins of the COVID-19 pandemic and the efficacy of COVID-19 vaccines, racial justice, U.S. withdrawal from Afghanistan, and the nature of U.S. support to Ukraine.”

      1. We’re not going to vote our way out of this.

        Eisenhower warned us about the rise of the Deep State (though he didn’t call it by that name). Now there is reason to believe that JFK was offed by the Deep State. If this is true, then they’ve had decades to entrench themselves. Ridding our republic, or what is left of it, of these usurpers is not going to be easy.

        1. We’re not going to vote our way out of this.

          When countries are totally corrupted, you essentially have 2 options left:

          1) Mass protests resulting in a regime change

          2) A violent revolution where you essentially “shoot your way out.”

    2. What is this “Epoch Times” and what’s up with all the noticing?

      You think you can start up and host a blog, and notice?

      Shelby’s Bar in downtown Denver during the Great American Beer Festival, several years ago. I don’t think either of us really knew how bad things were at the time…

  48. It’s also highly probable … that we may find inflation sticky at around 4%, which is going to put the Fed and us all in a difficult situation in the middle of next year,’ El-Erian said. ‘Do we crush the economy more? Not a good idea. Do we increase the inflation target? Not a good idea. Do we try to somehow see whether we can live with high inflation for a while?

    Here’s an idea: allow more drilling and remove disincentives to produce. And stop printing money and passing stupid spending bills.

    Lower energy costs and increased supply of goods will get the PPI and the CPI back under control. But of course that won’t happen. They want us to suffer and be poor. IIRC, Macron told France that the age of abundance is over. Where did the abundance go, Monsieur President?

    If you want a picture of the future, imagine a boot stamping on a human face— forever. from the novel 1984

    This is what our “betters” want for us. Orwell warned us.

  49. Oh oh: From the Colorado Sun:

    “If a Federal Reserve-induced recession occurs in Colorado, and the unemployment rate reacts as it has in past recessions, then based on the recent increase in the Fed funds rate, the unemployment rate could increase by 5.9 percentage points and there could be up to 171,000 job losses,” said Steven L. Byers, senior economist at conservative think tank The Common Sense Institute in Greenwood Village, in a new report.

    In other words, he added, Colorado unemployment rates could go to 9.4% next year.

    Here come the foreclosures and repos!

    1. He should have cut a deal with Cuba or maybe Venezuela in exchange for asylum. I’m surprised he didn’t have such an arrangement made in advance, which probably does show that he was just a patsy and is now the fall guy.

  51. US Sends Infantry Unit To Base Just Miles Away From Russian Border In Estonia

    FRIDAY, DEC 16, 2022 – 07:20 PM

    The embassy wrote in an early December press release that “US Ambassador Robert Gilchrist informed Minister of National Defense Arvydas Anušauskas that, as part of the ongoing commitment to its Baltic Allies, the United States will further enhance the continuous and persistent US military presence in Estonia, Latvia, and Lithuania.” This was widely interpreted as a direct response to Russia’s ten-month long assault on nearby Ukraine.

    https://www.zerohedge.com/military/us-bolsters-troop-presence-just-kilometers-russian-border-estonia

    1. This was widely interpreted as a direct response to Russia’s ten-month long assault on nearby Ukraine.

      It seems to me that we are once again trying to provoke the Russians into a hot war with us.

  52. Alberta Takes Back Constitutional Jurisdiction Effective January 1st, 2023
    CCFR
    Dec 15, 2022
    Alberta Justice Minister Tyler Shandro announced new protocols issued to protect Albertans who have had their firearms banned by the federal government. He also said that if the C-21 amendments proceed, they will expand the protocols to cover those firearms as well.

    https://www.youtube.com/watch?v=3jOJ-h4HbkI

    35:15.

  53. Just saw this on Telegram 😢

    Crimes Against Humanity:

    One month old baby dies horrific death after receiving a transfusion with vaccinated blood.

    Within hours of receiving the transfusion, a blood clot formed from his knee to his heart. His veins turned black and his skin turned yellow.

    1. This was a comment to an embedded image of a post to another social media site showing before and after pictures of the baby. The parents begged the hospital to get “pure blood.” This was in “Washington, US.”

  54. ‘Now in 2022, we’re talking about hiking the target inflation rate yet again, perhaps to ‘between 4% and 6%’ as The Wall Street Journal suggests. Not mentioned is the fact that the upward creep in inflation targets enabled the Fed to ignore inflation as it relentlessly rose throughout 2021. The Fed at that point wanted inflation well above 2-percent in order to achieve that new ‘average’ of 2 percent. The result was a complacent Fed that let inflation rise to a 40-year high’

    via GIPHY

    1. “Housing….. it’s cratering.🤣”

      I met a couple of stressed out floppers this week who bought 9 months ago and had that thousand-yard stare about their situation.

      1. “who bought 9 months ago”

        Eventually we’ll be discussing the same thing about those who bought 9 years ago and 19 years ago.

        It’s gonna take some time but we’ll get there.

        1. “Eventually we’ll be discussing the same thing about those who bought 9 years ago and 19 years ago.”

          19 years ago already happened, that was the robo-signed I’m a victim who desrves a free house live without making a mortgage payment for 4 or 5 years crowd.

  57. Nine million people were mistakenly told their student loans had been forgiven

    Graeme Massie
    Wed, December 14, 2022 at 3:35 PM EST·1 min read

    Around nine million people received emails mistakenly telling them their student loans had been forgiven.

    The group of borrowers who received the emails from the Department of Education have now started to receive new messages clarifying the situation, according to CNN.

    The emails went out last month to people who had applied for student loan forgiveness under President Joe Biden’s debt relief programme.

    https://news.yahoo.com/nine-million-people-were-mistakenly-203528742.html

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