Month: July 2020

We Are All Government Workers Now

Government takes over the economy

The latest headline from marketwatch.com: “Service side of the U.S. economy crashes in April to recession levels, ISM shows”

“Only two of the 18 service industries tracked by ISM — government and finance — grew in April…The other 16 industries all shrank.”

This data shows what is happening – the government is taking over the entire economy. Only industries that serve the interests of the government will be supported.

Continue reading “We Are All Government Workers Now”

June Real Estate Statistics

Here are June’s stats for my zip code in North Florida.

The number of listings is falling off a cliff as prices rip higher. Average list price went from 400k to 589k, up 45% from June 2019 to June 2020. Average sale price went from 293k to 335k during the same time period.

An average sale price of 335k equals a mortgage of around $2,000 a month. With a 33% debt to income ratio required by the bank, the buyer would need to make appx. $40 an hour or 72k a year to buy an average home. The average salary in the US is 55k a year, so to buy an average home (in Florida) both spouses would have to work.

Debt slavery is a hell of a drug.

Trump As False Hope

I used to see much more support for Trump. The supporters believed. They believed he was going to do some such thing that they supported – shut out immigrants, reform an industry, arrest people, drain the swamp etc. Whatever it was, they really believed.

Now I see much less believin’. He had 3 years to do something, and never could get it going. There are clearly many bad actors in the swamp, and instead of draining it, he couldn’t even get a single one of them fired.

In the end, Trump was only more false hope for a rebirth of America. Americans need to understand the situation clearly. This is war. War’s a’comin’. The crash is going full speed ahead. No politician is going to save them.

“Misreporting About the Case-Shiller Home Price Index”

Real estate prices have soared through the pandemic? Not so fast says Wolf Richter

From Wolfstreet:

The Case-Shiller Index operates on a “three-month rolling average” basis. And the price data is collected from public records. So the release today, titled “April,” was the three-month moving average for deals whose data became available in the county deed recorders in February, March, and April.

There is also a time-lag between when a deal closes and when the data becomes available in the county deed recorders.

So what the Case-Shiller showed today were closings that had occurred in prior months and that became available in the county deed recorders in February, March, and April. This included some of the deals that closed in January and excluded some of the deals that closed in April.

This is not a secret. S&P publishes the methodology. And reporters should have studied it before reporting bull-malarkey and misinforming their readers, many of whom paid a subscription to be misinformed.

So, what the national index told us today is nearly all based on home prices before the impact of the pandemic. It will be another three months – the index to be released on September 29 – before every month in the National Case Shiller Index’s rolling three-month average fully reflects home prices of sales that closed since the beginning of the lockdowns.  Each month will get us a step closer. And even then, it will take a while because house price data is sticky and moves slowly. So be patient.

The End of the American System of Government

The Northern system of government has failed…but they’ll fight to the bitter end to keep it going.

Ted Dabrowski and John Klingner from wirepoints.org has put together population and wealth movement data between states from 2010-2018. In it they find:

Continue reading “The End of the American System of Government”

Build Your Own Platforms

More and more people are being banned from the large web conglomerates. Those banned are obviously upset as the majority of their work and time went into building an audience on the platforms.

It is hard to feel sympathy for these creators. They bargained for a large audience of mass man in exchange for no control, and empowered the conglomerates at the same time. You were warned by Matt Drudge in 2015 when he went on Infowars and laid out exactly what would happen. Users would be pushed into online “ghettos”.

“I don’t know why they’ve been successful in pushing everyone into these little ghettos, of these facebooks, and these tweets…these instas.”

“This is ghetto, this is corporate, they’re taking your energy and you’re getting nothing in return – nothing!”

“Once you’re on their site, everything you do is for them. I can’t understand how they didn’t understand this.”

So build your own platforms. If you have less viewers then so be it. The people that matter will still find you.



Don’t Trust Any Data

All data cannot be trusted at this point. The government knows that the remnants of American civilization could be lost and they will do everything they can to keep it going.

From Zerohedge:

“As the following chart from Goldman’s head of European Equity Sales, Mark Wilson, shows companies haven’t sold this much stock in a single quarter in… well, forever.

According to Bloomberg data, secondary offerings in the U.S. raised $113 billion in the second quarter, the most on record. The nearly 400 deals that priced this quarter is also the most ever.

As Goldman adds, “we’re about to close out another record month of global equity issuance, with June set to eclipse the recent record set in May; the numbers (>$230b of supply in 7 weeks), and the market’s ability to absorb this sizeable supply, have been impressive (the quantum of global supply vs prior peak periods shown in the 1st chart; US supply vs recent years trend shown in 2nd chart)”

Following up on this staggering pace of equity sales, Bloomberg writes that “the record-high pace of secondary offerings that took hold in the second quarter is poised to continue into the summer” as share sales by U.S.-listed firms and their top holders raised the most money and happened the most frequently of any other quarter on record.”

The market went straight up after the March crash, all the while companies were selling new shares at the fastest pace in history. Something doesn’t add up.

Either the Fed is secretly buying stocks or there is a tremendous amount of money being deployed by private capital. If this is the case (which I don’t think it is) this money will flow into all manner of goods and drive inflation off the charts.

I believe the correct picture is this – the Fed is directly buying stocks in an effort to prop up the last vestiges of American civilization – 401k’s, pensions, conglomerate corporations, the mortgage market, and labor market supported by 25% government spending. Once one goes they all go.

If the market collapses, the retirement accounts, pensions, real estate markets all tank forever and the entire populace will immediately be in the streets rioting. The Fed knows this and is doing everything it can to keep the game going. So much rests on keeping the public unaware of what is happening, they will do anything – fabricate any data, buy any and all stocks/bonds/mortgages etc. to stave off the collapse for another day.

They know what happens if all that goes bust and they can’t let it happen. It doesn’t matter what the consequences are, the consequences pale in comparison to an immediate implosion. Everyone would be on the streets rioting.

The data says keep buying, keep spending, the economy is good, everything is fine. The Fed did a great job getting through the covid affair, everything is back to normal. But it is an illusion.

American Politics: Who Can Give Away More Fiat Money

Reuters:

It’s unraveling fast. This looks like direct vote buying at this point. The future of American politics is who can give the populace the most money for their votes. Trump says “I support actually larger numbers than the Democrats”. Well I have a feeling the Democrats can come up with a bigger number.

Trump said he supports direct payments to individuals as part of the so-called Phase 4 stimulus package.

“I do, I support it, but it has to be done properly, and I support actually larger numbers than the Democrats,” Trump said in an interview with the Fox Business Network.

“We want to create a very great incentive to work. So, we’re working on that and I’m sure we’ll all come together.” .

Recovery is at the End of the Road, but There are Cliffs in Between

I keep seeing articles about the ‘road to recovery’ and that idea is missing the entire point. This fiat system has to go to failure, then something else will be put in its place. The road goes to collapse and then rebuild an entire civilization before it can even think about recovery. Who would want to keep this fake fiat money system that has destroyed so many?

A long term economy cannot be built on the fraud of fiat money creation. Ghengis Khan tried it with tree bark, Rome tried it with bronze slugs, America with her preposterous digital ‘money’.

The great swindle, fortunately, is imploding. Those in power will seek to keep the game going as long as they can in an effort to take no blame and/or get out of dodge.