(Ray Parisi) An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi.
“Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for Chapter 11 bankruptcy protection two weeks after putting the home on the market last year.
All these curveballs will further fragment the housing market.
(Press California) It’s Sen. Scott Wiener’s legislation. More background on SB866 here. We guess SB666 wasn’t available.
The bill removing parental consent for 12-year-olds to get vaccinated just passed the Senate by a single vote. We will stop this obscene legislation in the Assembly.
— Kevin Kiley (@KevinKileyCA) May 12, 2022
(Nicholas Gordon) Hidden away in Coinbase Global’s disappointing first-quarter earnings report—in which the U.S.’s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users—is an update on the risks of using Coinbase’s service that may come as a surprise to its millions of users.
In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.
(Charles Hugh Smith) We are all prone to believing the recent past is a reliable guide to the future. But in times of dynamic reversals, the past is an anchor thwarting our progress, not a forecast.
Are we heading into another real estate bubble / crash? Those who say “no” see the housing shortage as real, while those who say “yes” see the demand as a reflection of the Federal Reserve’s artificial goosing of the housing market via its unprecedented purchases of mortgage-backed securities and “easy money” financial conditions.
Even Trojan Condoms Are Smarter Than The Fed…
(Daniela Sirtori-Cortina) The maker of Arm & Hammer baking soda and Trojan condoms cautioned about a possible recession in its first-quarter earnings report.
A tractor cultivates the ground for rapeseed oil crops at the Westons Farm, in Itchingfield (AFP via Getty Images)
Farmers have warned the UK is “sleepwalking into food shortages” because of the rising costs of fuel, fertilizer and feed.
“We’ve got absolutely ridiculous fertilizer prices and we can’t forget that half the food produced in this world comes from artificial fertilizer.” – Farmer from UK
This is not limited to the UK. This is happening everywhere.
Property Taxes are SURGING across the 2022 US Housing Market. Especially in Texas, where both homeowners and real estate investors could be forced to sell.
(Sundance) This is layers of odd. As many readers are aware, the prices of fertilizer have skyrocketed as supplies have been heavily impacted by increased energy costs and supply chain issues. Many people have worried if a shortage of fertilizer may impact farm yields this year.
People in protective suits prepare to disinfect a residential compound in Huangpu district in Shanghai on April 14, 2022. (China Daily via Reuters)
(Dorothy Li) Factories have suspended production. Truckers are stuck on highways. Containers are piling up at ports. Shipping vessels have been waiting to unload.
China’s economy is set to pay a price as the communist regime’s determination to stamp out the COVID-19 outbreak through harsh lockdowns have brought its manufacturing and commercial hubs, like Shanghai, to a halt.
“We just aren’t sure where they’ve gone.”
(Bryan Jung) Commodities prices could rise by 40 percent and will likely continue to go higher, according to a note from JPMorgan Chase from April 7, as raw materials hit a record high last month following Western sanctions on Russia due to its invasion of Ukraine.
Russia is a main supplier for up to 10 percent of global energy production and about 20 percent of global wheat production.
(Alasdiar Macleod) We will look back at current events and realize that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.
Over the last several weeks, readers have become aware of an emerging housing affordability crisis as US mortgage rates continued their near-vertical ascent, risks jeopardizing the housing market boom. The 30 Year fixed mortgage rate has jumped a staggering 177bps this year, reaching the highest since 1Q10, with Bankrate data showing mortgage rates are above 5%.
While it is traditionally viewed as a B-grade indicator, the February consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.
Here are the shocking numbers: in November, consumer credit exploded by a whopping $41.8 billion, more than double the expected $18.1 billion print, nearly five times more than the upward revised $8.9 billion January number (revised from $6.8 billion), the highest on record!
Say you’re laundering money, without saying you’re laundering money.
As previously reported, the Black Lives Matter Global Network Foundation spent approximately $6 million on a lavish Southern Californian mansion using donor cash and then took measures to keep the purchase a secret, according to a report Monday.
(Jeff Thompson) As 1984 gains a firmer grasp on the modern world, one recent bill has caused it to spread its reach even further: a bill inserted within Washington state’s $16.9 billion “Move Aside Ahead Washington” package. This new piece of paper, signed by Washington governor Jay Inslee on March 25, now makes it so that police will enforce all vehicles sold, purchased, or registered within the state to be electric vehicles by 2030.
Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere…
(J.G. Collins) Someone once said that you never actually “buy” a home. Instead, you merely commit to paying an annuity: the mortgage.
That’s largely true. The price and “value” of homes for the overwhelming majority of homeowners is a function of home buyers’ ability to make payments.
And with the Federal Reserve signaling further interest rate hikes, home buyers and sellers—and assorted others who use credit—will incur knock-on effects from those increases.
30 Year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing an acceleration in mortgage rates which jumped a quarter point in just the past week, from 4.42% to 4.67%. This is an even bigger increase than we discussed in our recent housing comment.
And while the benchmark 10y Treasury yield has also risen, the increase is “only” 94bp. In other words, there has also been a significant widening in mortgage spreads, by 66bp to 243bp. This could be explained by the Fed’s accelerated pivot from QE to QT, the latter of which we expect will be announced at the next FOMC meeting in May.
As discussed one week ago in “Housing Affordability Is About To Crash The Most On Record“, the move higher in rates means that an already record affordability shock will be even worse! Continue reading
Over the past few months we have repeated a statement which – because it is controversial and because it is true – sparked feigned outrage among the financially illiterate macrotourists (which these days is the vast majority of the financial commentariat): we said that in light of the galloping inflation which has crushed BIden’s approval ratings and has ensured a landslide loss for Democrats in the midterms, the Fed desperately wants to create a recession (and, at this rate, it will get it).
Fed wants recession. It will get it in a few months.
— zerohedge (@zerohedge) March 16, 2022
Today, our tinfoil conspiratorial theories once again were validated today when none other than JPMorgan’s European economists admitted that…
Tender rejections are the best indicator into real-time supply/demand in the truckload sector.
Just wait for April…
https://www.zerohedge.com/markets/why-freight-recession-imminent
***
..2s30s just inverted for the first time since 2007…
(Sundance) Russian President Vladimir Putin and German Chancellor Olaf Scholz will hold further discussions on the purchase of Russian energy products in rubles according to TASS (Russian News) and western media. However, in the interim Russia will continue accepting payment in euros which will be exchanged for Rubles by Gazprom bank.
…Could the euro beat the Yen in the race to the graveyard?
(Bruce Wilds) Before saying anything else, it is important to note, when it comes to the major currencies, it is safe to assume they are manipulated by central banks. It is in the best interest of Central Bankers to keep them trading in a rather tight pattern as so not to rock the foundation of the global financial system. On top of the stress being placed upon economies due to the war in Ukraine, the one thing bankers don’t want to deal with is the growing fear the fiat monetary system is about to fail.
The policies of Joe Biden exclude an entire wave of young citizens from a critical component of the American Dream.
As America descends into oligarchy, conglomerates and their affiliated political stooges manipulate markets and public policy to centralize power and disenfranchise the historic drivers of social cohesion in America, especially vibrant churches, prosperous small businesses, and thriving families. Regarding families, a pillar of family formation and lasting generational strength in America long revolved around private property, the creation and sustenance of ownership over single-family housing.
Blackstone is giving up on one of its Midtown Manhattan office buildings, the latest sign yet that distress is beginning to hit the office sector.
The world’s largest owner of commercial real estate, Blackstone has turned over the keys of 1740 Broadway, a 26-story office tower a block from Carnegie Hall, to the special servicer on its $308M commercial mortgage-backed security, Commercial Observer reports.
https://www.zerohedge.com/markets/here-are-all-latest-news-and-developments-ukraine-war-march-28
“You must pay in Rubles now.”
“That wasn’t the deal!”
“I have altered the deal. Pray I do not alter it any further.”
President Putin Says ‘Unfriendly Countries’ Must Switch To Its Currency By March 31
Putin Declares May 9th As End Of War In Ukraine
…Same Date Russia Defeated Nazis In WW2
Do you own a house? Do you rent?
Is the US being drawn into WW 3 over the corruption of the Biden crime family? Burisma Holdings is owned by oligarch Ihor Kolomoisky, who backed the campaign of President Volodymyr Zelensky and funded the neo-Nazi Azov Battalion, writes blogger Kanekoa the Great. The profound corruption of Hunter Biden and The Big Guy in Ukraine may also explain Hunter’s mysterious reference to “children burned alive in Donetsk.”
BlackRock CEO Larry Fink’s annual letter to shareholders has become heavily scrutinized as ones from Berkshire Hathaway chief Warren Buffett and JP Morgan chief Jamie Dimon. Fink is the boss of a $10 trillion asset manager, the world’s largest and oversees more money than the Fed, told shareholders Russia’s invasion of Ukraine would fundamentally reshape the world economy and drive up inflation as supply chains are reconfigured.
Dr. Elizabeth Eads is on the front line of medicine, treating patients who have been injected with the experimental CV19 so-called “vaccines.” Dr. Eads is now seeing first-hand Acquired Immunodeficiency Syndrome, commonly referred to as AIDS. Let that sink in. Dr. Eads explains, “Yes, we are seeing vaccine related acquired immunodeficiency in the hospital now from the triple vaxed. . . . It is a vax injury, and we are not really certain how to treat this. We are throwing the kitchen sink at it.”
(Greg Jaffe) WOODBRIDGE, Va. — Until last summer, Khalid Payenda was Afghanistan’s finance minister, overseeing a $6 billion budget — the lifeblood of a government fighting for its survival in a war that had long been at the center of U.S. foreign policy.
Now, seven months after Kabul had fallen to the Taliban, he was at the wheel of his Honda Accord, headed north on I-95 from his home in Woodbridge, Va., toward Washington, D.C. Payenda swiped at his phone and opened the Uber app, which offered his “quest” for the weekend. For now his success was measured in hundreds of dollars rather than billions.
One of the core staples of the past 40 years, and an anchor propping up the dollar’s reserve status, was a global financial system based on the petrodollar – this was a world in which oil producers would sell their product to the US (and the rest of the world) for dollars, which they would then recycle the proceeds in dollar-denominated assets and while investing in dollar-denominated markets, explicitly prop up the USD as the world reserve currency, and in the process backstop the standing of the US as the world’s undisputed financial superpower.
Those days are coming to an end.
(Jim Hoft) Former Clinton adviser and COVID Vaccine critic Naomi Wolf joined Steve Bannon on The War Room on Monday morning. Naomi shared her latest bombshell from her investigation into the Pfizer vaccine documents released by the US government on their COVID vaccine testing. Naomi’s team of investigators, doctors and attorneys identified several US government documents that confirm that Pfizer was adding varying amounts of active ingredient to their experimental COVID vaccines. According to the data, the range of dangerous active ingredient went from 3μg, to 10μg, to 30μg, to 100μg depending on the batch they happened to inject you with.
Credit Suisse short-term rate strategist Zoltan Pozsar also said the new order would weaken the US dollar and create higher inflation in the western world.
(Jocelyn Fernandez) Credit Suisse short-term rate strategist Zoltan Pozsar, a former United States Federal Reserve and US Treasury Department official, in a report said the US is in a commodity crisis and this will give rise to a new world order that will weaken the US dollar and create higher inflation in the western world.
A massive homeless encampment in downtown Phoenix, Arizona, known as the “Zone,” raises eyebrows as the shelter’s population swells to more than 900 people.
The Zone is located on 9th Avenue, Jackson Street, 13th Avenue, and Jefferson Street in Phoenix, down the street from the Arizona State Capitol complex.
(Stephanie Seneff and GreenMedInfo) Since December 2020, when several novel unprecedented vaccines against SARS-CoV-2 began to be approved for emergency use, there has been a worldwide effort to get these vaccines into the arms of as many people as possible as fast as possible. These vaccines have been developed “at warp speed,” given the urgency of the situation with the COVID-19 pandemic. Most governments have embraced the notion that these vaccines are the only path towards resolution of this pandemic, which is crippling the economies of many countries.
(Autumn Spreademann) Attempting to further sequester Russia’s economy U.S. President Joe Biden announced on March 8 the ban of all Russian oil imports as part of a multi-faceted response to the eastern nation’s military invasion of Ukraine.
While strict sanctions on Russian exports remain a cornerstone of Western efforts to stop President Vladimir Putin’s attack, it comes with a hefty price tag already felt by global consumers.
(Paul Craig Roberts) As you can see from the short video, anti-Russian psyops is in full operation: video/fVxGiHParDAC/ It tells us nothing about Russia, but much about ourselves. Western presstitutes have no morality, no integrity, and will lie for money even when the lies lead to nuclear war.
This video above is not Ukraine, it was a climate change protest in Vienna on 4 February, 2022, weeks before Russia invaded Ukraine. Convenient that the guy talking has a mask so you can’t read his lips. Watch the original: https://www.youtube.com/watch?v=2o3Rph8DcUY
(Joseph Mercola) MIT scientist Stephanie Seneff’s paper, “Worse Than the Disease: Reviewing Some Possible Unintended Consequences of mRNA Vaccines Against COVID-19,” published in the International Journal of Vaccine Theory, Practice and Research in collaboration with Dr. Greg Nigh, is still one of the best, most comprehensive descriptions of the many possible unintended consequences of the mRNA gene transfer technologies incorrectly referred to as “COVID vaccines.”
This morning ZeroHedge listed some of the countries that are dangerously (and almost exclusively) reliant on Russia and Ukraine for their wheat imports, highlighting Turkey, Egypt, Tunisia and others…
… which are facing an “Arab Spring” style food crisis (and potential uprising) in the coming weeks unless the Ukraine conflict is resolved.
The ISM® Services index was at 56.5%, down from 59.9% last month. The employment index decreased to 48.5%, from 52.3%. Note: Above 50 indicates expansion, below 50 in contraction.
Palm Beach County Sheriff’s Office announced that they would inquire into the deaths of Sondra Wiener, 87, and Marvin Wiener, 90
2/20/22 Bernie Madoff’s sister and her husband died from gunshot wounds at their home, authorities said today. They added that the case was being investigated as a murder-suicide.
(Santa Monica Observer) February 24, 2022 – Data from the Los Angeles County Department of Public Health show that last week the vaccinated were 6.3% more likely to catch Covid-19 than the unvaccinated. This is at least the second week in which numbers dipped the wrong direction for proponents of the idea that it is the unvaccinated who are the main transmitters of the virus.
Here are the raw numbers:
An aerial view shows the 39 buildings developed by China Evergrande Group that authorities have issued a demolition order on in Hainan Province, China, on Jan. 6, 2022. (Aly Song/Reuters)
The Hill’s Kim Iversen details the prestigious class of the World Economic Forum’s Young Global Leaders (tyrants) program and speculates how their group think may have led to Covid-19 lock downs.
Edward Dowd of @DowdEdward joins The Alex Jones Show to break down evidence of fraudulent clinical data along with the plunge in Big Pharma stocks. Dowd also delivers groundbreaking analysis on how globalists operate.
(Cristina Laila) Governor Gavin Newsom on Thursday unveiled California’s “endemic” virus policy – and it’s going to cost billions and billions, and billions of dollars in pork spending.
(Nomann Merchant) U.S. intelligence officials on Tuesday accused a conservative financial news website with a significant American readership of amplifying Kremlin propaganda and alleged five media outlets targeting Ukrainians have taken direction from Russian spies.
The officials said Zero Hedge, which has 1.2 million Twitter followers, published articles created by Moscow-controlled media that were then shared by outlets and people unaware of their nexus to Russian intelligence. The officials did not say whether they thought Zero Hedge knew of any links to spy agencies and did not allege direct links between the website and Russia.
(Alexandre Tanzi) Foreclosures on homes in the U.S. surged in January after a pandemic moratorium ended, though they remained well below pre-Covid levels, according to new data from RealtyTrac.
(Howard Schneider) – The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020.
But it “denied in full” to release the documents, citing exemptions under the information act that it said applied in this case.
(Jp Cortez) Last year was a good year for state-level sound money legislation across the United States. 2022 could be even better.
Four weeks ago, OneAmerica insurance company CEO Scott Davison revealed that they had witnessed ‘the highest death rates in the history of this business – not just at OneAmerica’ with a jump of ‘40% over what they were pre-pandemic.‘ Interestingly, Davison noted that the majority of deaths are not classified as due to Covid-19. Continue reading
Leigh Dundas and Miki Klann speak to the Scottsdale Unified School District in Arizona. During the meeting, Miki declares her intention to file a claim against the Governor’s surety bond on behalf of the SUSD board members. Each member of the board will be charged with practicing medicine without a license, child abuse, segregation and inappropriate sexual material in the school libraries.
Miki served each board member with 10 letters of intent by 10 different parents. Each claim carriesa liability of up to 100K – this means each board $carries a total liability of $1 million in the event that the claims are filed. Now the board members have 5 days to rectify the situation or the parents of SUSD will file the claim.
The Centers for Disease Control has finally admitted that natural immunity from prior infection exists. But it’s even worse than that for the COVID-19 narrative: The CDC also admits that natural immunity from prior infections is superior to vaccinated immunity alone.
CDC Update: Cloth masks don’t [never] work[ed] and advise against using respirators “if it’s hard to breath while wearing them.”
As more and more information pours out of the Project Veritas leaked military documents, there appears to be a damning section in support of Ivermectin as a Covid-19 treatment.
(Cristina Laila) California lawmakers are weighing DOUBLING taxes to pay for a single-payer health care system that would cover all illegal aliens – For The Greater Good.
Catherine Austin Fitts reminds viewers why the ‘vaccine passports’ and ‘central bank digital currencies’ (CBDC) are so dangerous, and what we must all do in solidarity to save ourselves.
Simply Put: The pandemic is to mandate an experimental gene therapy that the CDC and FDA like to refer to as a “vaccine.” That “vaccine” is for purposes of getting everyone onto a vaccine ID passport. The passport is to force everyone into the new global social credit system. That system is to bring the global population to full obedience, as the globalists control everyone’s access and spending to anything and everything in life, through the use of the new CBDC (central bank digital currency) system they are building toward. And, the icing on the cake for the globalists who orchestrated this – is depopulation.
Drilling into the December data, 61 of the nation’s 100 largest cities saw rents fall this month, indicating a widespread rental market cool down.
And though the forest was shrinking, the trees kept voting for the axe, for the axe was clever and convinced the trees that since his handle was made of wood, he was one of them.
(Pam Key) National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci said Sunday on CNN’s “State of the Union” that he would not recommend the fully vaccinated go to restaurants during the Omicron surge of COVID.
The death rate for those aged 18-64 has risen an astonishing 40% over pre-pandemic levels, according to the CEO of Indianapolis-based insurance company OneAmerica.
(Jaden Urbi) Billionaires’ Row in New York City set off a super-slender skyscraper revolution. Today, the towers are an astounding display of wealth, prestige and engineering firsts. But they’re also kind of empty.
(Sundance) The apoplectic response to Joe Manchin’s rebuke of Biden’s Build Back Better deal in general, and specifically, their reaction to losing the climate change agenda within it, points toward the original intent of COVID-19 in the first place. Continue reading
(Tom Ozimek) The Occupational Health and Safety Administration (OSHA) on Saturday announced a six-day grace period beyond the Jan. 4 deadline for compliance with its COVID-19 vaccine mandate for private employers, saying that it would not issue citations to give employers more time to adjust. Continue reading
Most decent people comply with the onset of tyranny because they just want it to end. Thinking it will stop, here. Not seeing that by complying, it goes there. That it never ends. Indeed, it is just beginning.
best played at 1.75X
They have no rules, they have no limits on their desire for power and they have no concern for your welfare or that of your family. They will lie, cheat and use whatever means necessary to destroy you.
There is nothing more they can threaten us with that is worse than what they demand we acquiesce too. We’ve got nothing left to lose. Resist.
A recent study performed by the California Police Lab shows that 38 percent fewer people are moving into California since the start of the pandemic and 12 percent are moving out.
Here is Jim Cramer’s track-record on his stock picks this year… 🤡
Jim Cramer also has some medical advise for you too…
(Daily Veracity) Similar to Japan’s devastating 80% market crash in the 1990s, China’s economy is about to experience the biggest crash in history that will take decades to recover from.
This $23.5 million mansion in Kauai recently sold to guitarist Carlos Santana (PanaViz).
Deep Report
(Mike Adams) Evergrande, China’s Ponzi property developer, is now officially in default as Fitch has confirmed the indebted company has missed interest payments on bonds, with over $300 billion in bonds outstanding. Property developer Kaisa is also named in the default decision, and there are nearly a dozen other Chinese property developers that are widely believed to be on the path to default.
(MacKenzie Sigalos) A man who has claimed to be the inventor of bitcoin just won a major U.S. court case, saving him from paying a former business partner tens of billions of dollars in the cryptocurrency.
(Zachary Stieber) Nevada on Thursday became the first U.S. state to impose a surcharge on workers who have not gotten a COVID-19 vaccine, though the penalty doesn’t take effect until the middle of next year.
(Michael Snyder) Why are CEOs and corporate insiders selling their stocks at a far faster rate than we have ever seen before? Do they know something that the rest of us do not? If stock prices are going to continue soaring into the stratosphere like many in the mainstream media are suggesting, these insiders that are dumping stocks like there is no tomorrow will miss out on some absolutely enormous profits. On the other hand, if a colossal market crash is coming in 2022, then 2021 was absolutely the perfect time to get out. As I have said countless times before, you only make money in the stock market if you get out in time. Could it be possible that many of the richest people in the world have picked the absolutely perfect moment to pull the trigger?
California water regulators will be delivering the bare minimum of water supplies to the state’s municipalities via the State Water Project, the Department of Water Resources announced to water users on Wednesday.
For Valley farmers, who hoped for an ounce of good news related to water supplies heading into 2022, they will see a zero-percent water allocation from state water agencies to start the year.
The good news: Black Friday retail traffic was up 47.5% over last year. The bad news: It was still 28.3% lower vs. 2019 levels, according to CNBC, citing preliminary data from Sensormatic Solutions.
Go inside the most expensive home to ever hit the market in Weston, FL. The $14,000,000 mansion is located around 20 miles west of Fort Lauderdale. The residence is called the Monarch Estate. It unfolds over 12,323 sq ft with 7 bedrooms, 11 baths, and a 93 foot infinity pool all situated on a gorgeous lake. Take the exclusive mansion tour with CNBC’s Ray Parisi and real estate broker Senada Adzem. Take a look.
(Sundance) A very interesting interview with Chris Spear, president and CEO of the American Trucking Association.
During a House Transportation Committee hearing on supply chain issues, CEO Chris Spear shares an internal survey showing that 37% of truck drivers “not only said no, but said hell no” to the Biden vaccine mandates.
(Elizabeth Elkin) A shortage of nitrogen fertilizer is getting so bad that farmers won’t be able to get what they need for their fields in the near future.
Over the weekend,ZeroHedge reported that in the aftermath of last week’s staggering, 6-sigma bond moves which saw unprecedented surges in short-term rates everywhere from Australia, to Canada and the U.K. amid growing speculation that the world’s central banks will accelerate plans for raising interest rates in the face of persistent inflation…
On Monday we reported that Zillow Group had ‘halted‘ it’s AI-powered house-flipping operation after 93% of homes listed in their Phoenix portfolio are underwater, and is scrambling to unload 7,000 homes for $2.8 billion.
Today, the company announced during earnings that it’s going to reduce its workforce by 25% and completely scrap its home-flipping operation which began buying homes in December 2019.
Two weeks ago Zerohedge reported that Zillow’s electronic house flipping operation had been underperforming – as the real estate company had been buying houses at inflated prices and flipping them for a loss.
Dr. Marco Metzler: Evergrande Missed Second Past Due Interest Payment In A Week-Is Bankrupt-Could Drag Down Real Estate Sector/HSBC & World Financial System
This past Tuesday I reported that Dr. Marco Metzler, former Fitch analyst and now of DMSA (Deutche Mrkt Screening Agentur GmbH) has announced that the past due interest payment on China Evergrande Group’s offshore international bonds that all of the western media reported as supposedly paid by Evergrande could not be confirmed. Today, he is stating that a second interest payment ($47.5 Million) allegedly made by Evergrande according to the western media last night has not been paid, once again contradicting mainstream media reports.
Demand for single-family rental homes is off the charts and shows no signs of abating anytime soon, and that is pushing rents sky-high. This has allowed the largest owner of houses in the U.S. to raise rents.
The FBI is revealing new details about a $31.8 million counterfeit coupon scheme that landed a Virginia Beach couple in prison for nearly 20 years, combined.
During a search of Lori Ann Talens’ home, agents found thousands of counterfeit coupons, rolls of coupon paper, and coupon designs for more than 13,000 products on her computer. (Courtesy of FBI)
Traders say that Cushing stockpiles might fall to critical levels within weeks; the last time that happened was in 2014.
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(Devika Krishna Kumar) Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.
The Burger chains are being punished by the state for refusing to ‘segregate’ their customers.
A second chain of In-N-Out Burger has been closed down by county authorities in California after it refused to go along with enforcing proof of vaccination orders.
I don’t buy this. .Gov would not allow a union to blockade our national economy if they didn’t want it to be blockaded. What’s your take?
A California longshoreman, who works at California’s San Pedro Bay Port Complex, reportedly said the labor unions are exacerbating the supply chain crisis.
Taiwan Semiconductor Manufacturing Company makes 24% of all the world’s chips, and 92% of the most advanced ones found in today’s iPhones, fighter jets and supercomputers. Now TSMC is building America’s first 5-nanometer fabrication plant, hoping to reverse a decades-long trend of the U.S. losing chip manufacturing to Asia. CNBC got an exclusive tour of the $12 billion fab that will start production in 2024.
Hui Ka Yan, founder of China Evergrande Group, had once amassed a fortune of $42.5 billion, placing him at the top of the wealth rankings for all of Asia. But 73% of that immense fortune has now evaporated, and the tycoon will almost certainly lose even more as anxious creditors, suppliers and homebuyers besiege Evergrande’s offices.
But that’s not nearly enough for Beijing.
As California’s shipping ports congestion persists, Gov. Gavin Newsom issued an executive order on Oct. 20 intended to alleviate the crisis.
Below are four short news clips outlining a global problem that has been building for a year and a half. Take some time to put back extra frozen, dry and canned foods this week.
The government isn’t allowing natural immunity exemptions to their vaccine mandates because that’s what keeps you alive, healthy, strong and free.
A guy that burns out after a couple hours of work calls for 24/7 port operations?
China’s factory-gate prices grew at the fastest pace in almost 26 years in September, adding to global inflation risks and putting pressure on local businesses to start passing on higher costs to consumers.
The truth is starting to come out, and a lot of people aren’t going to like it. When the supply chain problems and the shortages began, government officials repeatedly assured us that they would just be temporary, and most of us believed them. But now it has become clear that they aren’t going to be temporary at all. In fact, during a recent interview with Bloomberg, U.S. Transportation Secretary Pete Buttigieg admitted that some of the supply chain problems that we are currently facing could last for “years and years”. I don’t know about you, but to me “years and years” sounds like a really long time.
We explore our Chinese apartments, and how the downfall of Evergrande was written on the wall of every tofu building in China. This is only the beginning.
Total new vehicle sales in September dropped to 1.01 million vehicles, down 37% from 1.6 million vehicles in March, when there were still enough new vehicles to sell.
(October 02, 2021) Renowned scientist Dr. Richard Fleming visits Infowars to give a powerful, in-depth Power Point presentation exposing what’s really happening with Covid-19 and vaccine induced ADE (Antibody-dependent Enhancement) as well as legal proceedings being pursued in international criminal court to hold responsible parties accountable for development of this virus and dissemination of these vaccines.
The shipping industry is dealing with immense challenges in the run-up to Christmas. Associated Press
(Jack Phillips) Several industry groups have warned world leaders of a worldwide supply-chain “system collapse” due to pandemic restrictions, coming as Federal Reserve Chairman Jerome Powell suggested that the current period of higher inflation will last until 2022.
Fresh off his victory in the gubernatorial runoff, California Gov. Gavin Newsom just announced that California’s schools will soon require all eligible public and private school students in 7th grade and higher in the Golden State to be vaccinated against COVID, a first-in-the-nation policy that Newsom says will impact millions of students by fall 2022, or possibly sooner.
China officially panicked.
Now that the global energy crisis has slammed China’s economy, leading to the first contractionary PMI since March 2020 as a result of widespread shutdowns of factory and manufacturing, not to mention hundreds of millions of Chinese residents suffering from periodic blackouts, Bloomberg reports that China’s central government officials “ordered the country’s top state-owned energy companies to secure supplies for this winter at all costs.”
TOKYO (AP) — Japan’s government announced Tuesday that the coronavirus state of emergency will end this week to help rejuvenate their economy as infections slow.
SHANGHAI, Sept 29 (Reuters) – China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum as opposition in targeted countries rises and debts mount, paving the way for rival schemes to squeeze Beijing out, a new study showed on Wednesday.
Pictured are travelers walking past a map displaying CCP targets of conquest
(Sundance) Years of agonizing and frustrating reviews and analysis of the Trump administration activity in real-time are reconciling today. During Senate testimony today before the Armed Services Committee, Joint Chiefs of Staff Chairman, General Mark Milley, clarified some very painful issues to accept. President Trump was being heavily managed by operatives of the Senior Executive Service (SES), and his inner circle was willfully participating.
Unjabbed employees face large fines if they show up to work…
The Italian government has passed a decree applying to both the private and public sector ordering companies to withhold pay from workers who refuse to take the COVID-19 vaccine.
The decree mandates that all employees get the vaccine ‘green pass’, which led to questions about what would happen to the millions of Italians who remain unvaccinated.
The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar?
(Wesley Thysse) On July 28, 2021, a new bill was introduced in the US House of Representatives. This bill, sponsored by Congressman Don Beyer,1) aims to regulate crypto-currencies. But it does more…
The bill is called the “Digital Asset Market Structure and Investor Protection Act”2) (“Digital Asset Bill”). And for the majority, it sets out future rules for crypto. However, hidden in this bill, changes to the foundation of the Dollar are proposed.
Following last Friday’s decision by the FDA’s vaccine advisory panel to only recommend the use of boosters for patients who are a) immunocompromised, b) overweight or c) both, Bloomberg reports that the FDA has decided to accept the advisory panel’s conclusions, as expected – representing a major victory for “the science” over President Biden’s political priorities.
(Martin Armstrong) Dr. Alexander Van der Bellen, who was inaugurated as the Federal President of the Republic of Austria on January 26, 2017, has taken another undemocratic, authoritarian position that anyone unemployed because of the state’s lockdowns who refuses the vaccine will lose ALL benefits. This is absolute tyranny and a disgrace to any country that pretends to be free. It has been reported:
Dr. Maria Gonzales, ER Doctor, U.S. Dept. Health and Human Services: “The government doesn’t want to show that the darn vaccine is full of shit.”
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(Jim Hoff) Northern Idaho patriot Todd Savage, a real estate broker and owner of Black Rifle Real Estate, recently received a demand letter from his local real estate Multiple Listing Service (MLS) that is affiliated with the National Association of Realtors. The letter stated that using the words “LIBERTY” and “CONSTITUTIONAL” on his ads were ‘racially charge code words’.
Dr. Reiner Fuellmich, an experienced trial lawyer licensed in Germany and California (USA), and co-founder of the Berlin Corona Committee, summarizes the Committee’s findings to date and takes stock of the situation. When the entire Script & Cast of Characters are examined this carefully, it’s hard to maintain the illusion that their lies and threats are convincing ANYONE of ANYTHING, any longer.
Source: https://odysee.com/@Corona-Investigative-Committee:5/Reiner-Fuellmich-Introduction-English_BestCut:e
Less than 48 hours after squashing an attempt to oust him from office, California Democratic Governor Gavin Newsom signed sweeping housing legislation on Thursday that reportedly bans single-family-only zoning in most neighborhoods, in favor of cramped high density living across the state.
Funeral Director John O’Looney provides a personal firsthand account of Covid-19 from late 2019 through mid September, 2020 that will confirm all your worst suspicions.
Milton Keynes Family Funeral Services
https://www.mkffs.co.uk/
“He can’t leave the office. There are more than 300 of us (investors) stopping him…”
“It’s fair to say that the Evergrande situation and its repercussions on the broader property market will have a far greater direct impact on Chinese growth than any of the other regulatory crackdowns.”
How Evergrande Became Too Big To Fail And Why Beijing Will Have To Bail It Out
As Odds Of A Chinese Hard Landing Hit 30%, Here Is The Evergrande “Worst Case”
Yesterday, when covering the non-stop drama surrounding China’s most insolvent property developer, Evergrande, we said that it would be remarkably ironic if Evergrande were to announce a default – which everyone knows is coming – today, on the 13th anniversary of Lehman’s bankruptcy filing on Sept 15, 2008.
Last night on CNN 351,000 “Yes” votes disappeared in an instant during live coverage of the Newsom Recall Election in California.
This happened during the 2020 presidential election too.
Notice, it ALWAYS only affects Trump supporters and Republicans.
Must be a coincidence, right?
Voter: “About 70% of the votes at this location have been shown as already caste when they were not?”
Election official: “Right.”
(Jacob Passy) The frequency of bidding wars on homes has dropped to the lowest level this year — the latest sign that the housing market may be cooling and reverting back to its usual seasonal patterns.
While home buyers are still more likely than not to face a bidding war on a property they wish to purchase, competition in the nation’s housing market is cooling. GETTY IMAGES/ISTOCKPHOTO
A new report from Redfin RDFN, -2.39% found that 58.8% of the offers on homes written by the company’s real-estate agents faced competition in August. That’s down from 62.1% the month prior and a peak of 74.3% reached back in April. Redfin defines a bidding war as any situation where there are at least two competing bids on a home.
(Hal Turner) In utterly shocking news, quietly revealed by the Federal Reserve Bank at 4:00 PM Friday (While everyone was distracted by Biden’s Vax Mandates, the Afghanistan Debacle, and the then-approaching 9-11 anniversary) the Bank announced a 41% cut in U.S. GDP forecast for the Third quarter 2021.
It took Evergrande less than a day to go from denying “rumors” of bankruptcy (as per a statement posted on its website earlier today), to confirming that a bankruptcy is imminent.
In two separate protests, mobs of China Evergrande Group customers and employees demonstrated this week as the world’s largest real estate developer faces soaring probabilities of default.
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Dr. Fauci on Friday was finally asked why people with natural immunity should be required to get the Covid vaccine.
(Sundance) The Bureau of Labor and Statistics (BLS) released the August review [DATA HERE] of producer prices for last month. August rose 0.7% with cumulative results now showing an 8.3% increase in prices; the largest year-over-year jump in prices for final demand products in the history of tracking. The prior record was July with 7.8%.
“If my immunity is as good, indeed, very likely better, than that conferred by the vaccine, there doesn’t seem to be any rational basis for discriminating against my form of immunity and requiring me to get a different form of immunity.”
(Emma Colton) A University of California professor is suing the school system’s Board of Regents and president over a coronavirus vaccine mandate, which he argues he does not need because of his natural immunity against the virus.
WASHINGTON (Sputnik) – The US government could run out of money as early as next month to service its debt, Treasury Secretary Janet Yellen said on Wednesday, reiterating her warning that emergency measures put in place to raise cash could be exhausted soon.
“Given this uncertainty, the Treasury Department is not able to provide a specific estimate of how long the extraordinary measures will last,” Yellen said in a copy of her letter to Pelosi, released by the department. “However, based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October.”
For most Americans, the term Private Placement Life Insurance, or PPLI, is financial gibberish. But for the ultra-wealthy, those who represent the top 0.1% in the wealthy pyramid, that acronym represents financial freedom from the coming Democratic tax hike tsunami.
Despite a plunge in home builder sentiment, after June’s unexpected drop “due to an unprecedented price spike”, Pending Home Sales were expected to join both new- and existing-home sales with a modest rebound in July. But that was very wrong as July’s US Pending home sales plunged 1.8% MoM (against +0.3% MoM expected), sending the year-over-year sales comp down 9.5%.
That is a second straight monthly decline in pending home sales…
Source: Bloomberg
(Natural News) It’s a well-established fact, especially following the chaotic 2020 elections, that Democrats have to cheat in order to win elections.
(ZeroHedge) Dr. Anthony Fauci and the rest of President Biden’s COVID advisors have been proven wrong about “the science” of COVID vaccines yet again. After telling Americans that vaccines offer better protection than natural infection, a new study out of Israel suggests the opposite is true: natural infection offers a much better shield against the delta variant than vaccines.
The swab used to test for Covid is not only Made in China, but they’re saturated with Ethylene Oxide (EO), which is a carcinogen, damages DNA and fertility. (source)
Did you know that the FDA did not approve Pfizer’s clot shot but instead, only extended the EUA on 8/23/21?
Read the letter for yourself.
https://www.fda.gov/media/150386/download
Easy Money 