The Housing Bubble

Region VIII

andrew breitbart was murdered by the obama administration

and sharyl attkisson is next

forward

The central bank should have to get Congressional approval for any policies which involve (de facto) taxation or wealth redistribution (e.g. inflation or market manipulations). This would be a useful resolution to introduce in Congress. The public debate at least would be thought-provoking.

The central bank comes through every crisis with yet more power despite supposedly having been responsible for regulatory activities which failed completely. Usually, when a person fails at a task, he is given less, not more responsibility.

I’m not opposed to the concept of a central bank, just that it should be the servant, and not the master.

You may have to kiss yesterday’s stock market gains goodbye rather hastily.

Article for all the badge lickers and uniform fetishists

http://www.infowars.com/new-machine-gun-armed-nypd-unit-lumps-protesters-in-with-terrorists-civil-disobedience-an-attack-on-nyc-itself/

P.S. Eric Garner was murdered

Forward

If it bleeds it leads

Top Drudge headline from Yahoo News:

Jordan hangs two Iraqi militants in response to pilot’s death

Your narrative has been scripted

Forward

Next year before the Super Bowl President Obama will tell the story of how Nixon crossed the Delaware before a surprise attack on the Hessians at Trenton during the Revolutionary War.

Obama Flubs: George Washington Lived in the White House

by Warner Todd Huston
Feb 1 2015 Washington D.C

Just before the Super Bowl kicked off this weekend, NBC’s Savannah Guthrie visited the White House kitchen for a few words with President Obama, only to discover that the football fan in chief is a little shaky on American history.

During the discussion with NBC, President Obama said that they are making beer in the White House kitchen.

Dressed in casual shirt with the sleeves rolled up, Obama told Guthrie, “We make beer. First president since George Washington to make some booze in the White House.”

The only problem is, as Greg Pollowitz noted, George Washington didn’t make any “booze” in the White House. In fact, not only was George Washington no longer president in the year 1800 when construction on the White House was finished, he had already been dead for a year. The first president to live in the People’s House was our second president, John Adams.

George Washington didn’t live in the White House, much less make any “booze” there.

“And that, ladies and gentlemen, is what the great oil collapse of 2014/2015 is all about. For those who want to know when to buy oil, the answer is simple: just after (or ideally before) Putin announces he will no longer support the Assad regime. If, that is, he ever does because that act will effectively destroy all leverage Putin may ever have over Europe, and in the process, also end - quite prematurely - his career.

Until then, every single HFT-induced spike in oil is one to be ultimately faded, because as the past few months have shown, it is the Saudis who set the price, and they will not take no for an answer, even if it means crippling the entire US shale, and energy, industry in the process.”

http://www.zerohedge.com/news/2015-02-03/another-conspiracy-theory-becomes-fact-entire-oil-collapse-all-about-crushing-russia

Was DAN right all along?

Pimping that old lie about “pent-up demand” as reported by real journalists

http://www.washingtonpost.com/realestate/millennials-jump-into-the-mortgage-market/2015/01/29/48ab709e-a58f-11e4-a7c2-03d37af98440_story.html

And a repost from yesterday, note that among the data in the article there is zero mention of household incomes

http://www.businessinsider.com/us-housing-market-2015-2

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

Article for 2brony

“I see a president who seems to feel success should be measured by how many people are dependent on the government,” Walker said. Under Obama, government assistance has become less of a safety net and more of “a hammock”

http://www.bloomberg.com/politics/articles/2015-02-03/scott-walker-safety-net-has-become-a-hammock-

Forward

Ted Cruz smoked weed as a teenager but says it was a “mistake”

http://www.huffingtonpost.com/2015/02/03/ted-cruz-smoked-weed_n_6608860.html

And now that he’s a responsible adult, he can “shrink the size of government to where you can drown it in the bathtub” by supporting laws that disproportionately incarcerate black and brown people for marijuana possession at a cost to taxpayers of tens of thousands of dollars a year per inmate

Forward

Are you looking forward to $5 billion of TeeVee commercials as much as I am?

http://www.marketwatch.com/story/jeb-hillary-winning-the-race-that-matters-the-race-for-cash-2015-02-04

Thanks, Citizens United

Forward

Is there a doctor in the house?

Carson blames measles on immigrants

http://new.thehill.com/blogs/blog-briefing-room/231683-carson-illegal-immigration-partly-to-blame-for-measles-outbreak

Now picture Nancy Pelosi singing the Beatles with a chorus of dreamer children “we’d like to take you home with us we’d love to take you home”

Forward

Quiz question for the badge lickers and race hustlers:

A) Michael Brown’s shooting was justified
B) Eric Garner was murdered by NYPD
C) Al Sharpton and Jesse Jackson need to get PAID
D) All of the above

http://thehill.com/homenews/house/231673-cbc-head-black-america-is-in-a-state-of-emergency

Forward

Somewhere out there is a big crater hater.

Nine out of ten homes qualify for down payment help

IRVINE
February 4, 2015 5:05am

Nearly nine out of ten (87 percent) of U.S. homes qualify for down payment help, according to a new report from real estate information company RealtyTrac Inc. of Irvine.

The percentage means more than 68 million would qualify for a down payment program available in the county where they are located based on the maximum price requirements for those programs and the estimated value of the properties.

“Historically low homeownership rates across nearly every age demographic have led to a public policy push to lower the barrier to homeownership through down payments as low as 3 percent, but the fact is that the barrier to homeownership is often much lower than even that 3 percent for borrowers who take advantage of one of the myriad down payment help programs available across the country,” says Daren Blomquist, vice president at RealtyTrac.

“Prospective buyers — or their agents — willing to put in a few minutes of time to find out what programs are available to them will put themselves in a much better position to successfully purchase a home,” he says.

Down Payment Help Facts from RealtyTrac

Following are key facts based on analysis of Down Payment Resource’s Homeownership Index of the 2,290 Down Payment Help programs nationwide:

• Approximately 91 percent of programs have funds available now for homebuyers.

• The average amount of down payment assistance across all counties is $11,565.

• At least one down payment program is available in all 3,143 U.S. counties, and more than 2,000 counties have more than 10 down payment programs available to prospective homebuyers.

• More than half of the down payment programs (54 percent) are Community Seconds, where a second mortgage is issued by a Housing Financing Agency (HFA) or nonprofit organization with a very low or no interest rate. The payment on the second mortgage may be deferred or forgiven incrementally for each year the buyer remains in the home. In a typical scenario this could reduce the amount of cash needed to close from $20,000 to $200.

Other major program types

• First mortgage loans with below-market interest rates or 100 percent financing.

• Mortgage Credit Certificates (MCCs) that provide up to $2,000 in annual tax credits for the life of the loan.

Neighborhood Stabilization Program (NSP) loans and grants designed to revitalize communities that have suffered from foreclosures, high unemployment and other concerns slowing housing recovery.

• Many of these programs can be layered with each other and can often be used with most loan products, including VA and FHA home loans.

• 24 percent of programs are available state-wide, not specific to a county or neighborhood.

http://www.centralvalleybusinesstimes.com/stories/001/?ID=27688

http://tinyurl.com/mtdtlaq

Freedom in an Unfree World

Written by Winter Trabex from her new book The Substance of Liberty: Freedom in an Unfree World.

“As various countries around the world spiral down into socialist misery, people are discovering that government is a rapacious, cruel entity whose only interest lies in theft, murder, and obedience. The government steals primarily by taxation, itself a public menace, but also steals through the use of police officers writing up citations for people who have done nothing wrong- such as parking a car without putting coins into a machine. Theft occurs through the use of public forfeiture for imaginary drug-related crimes. The drug addict, or drug distributor, is not only burdened with the cost of finding a lawyer and paying fines, after he serves his prison sentence, he has to start over from scratch. He has no property, for all has been taken from him. He has no wealth, for his bank accounts have been frozen or looted. All he has is his knowledge of the drug trade, the only thing he’s ever been good at. The money and property that police officers take from ordinary people only makes crime more likely, which means that, rather than reforming the behavior of lawbreakers, law enforcement serves to create more crime than before. It is impossible to generate respect for the law when those sworn to uphold the law make it ever more difficult to remain in compliance.

Hillary Clinton is gonna run her presidential campaign from Brooklyn

http://thehill.com/homenews/campaign/231671-can-cool-brooklyn-rub-off-on-hillary

Because the Gowanus Canal is a convenient place to dump all the bodies, LOLZ

When you’ve seen one denier, you’ve seen them all

“I think a lot of the anti-vaccine people probably would hate to hear themselves lumped in with the climate change deniers. But they’re doing the same thing from different places on the political spectrum.” NYT Frank Bruni on CNN

The war on science will continue until further notice.

Published on Feb 3, 2015

Michael Hayden, former NSA Director, former Director of National Intelligence, and former Director of CIA has just bragged about how he’s wasn’t part of law enforcement and the focus of the NSA isn’t “bad people” but “interesting people”. He also bragged about how his “authority” to conduct dragnet surveillance of everyone without probable cause didn’t come from the Patriot Act or Section 215, but he and Bush decided it was “lawful”.

NSA Not Interested in “Bad People”; It Listens to “Interesting People …
http://www.youtube.com/watch?v=SlF3zdNP9HU - 187k -

Meanwhile back in ILLANNOY - specifically Chicago and the Chicago Teacher Union threat……

http://chicago.suntimes.com/chicago-politics/7/71/339219/ctus-lewis-warns-new-teacher-contract-will-cost-money-members-willing-strike

Follow the money

Obama’s Budget Seeks Big Boost for Science

February 3, 2015 |By Boer Deng, Richard Monastersky, Lauren Morello, Sara Reardon, Jeff Tollefson and Nature magazine

When US President Barack Obama released his budget proposal on February 2, he gave scientists and engineers a ray of hope—albeit one that is almost certain to be dimmed, if not extinguished.

Obama’s US$4-trillion plan for fiscal year 2016 includes $146 billion for scientific research and development, a healthy 6% increase for a portfolio split roughly evenly between defence and civilian programmes. The proposal, which seeks to turn back years of fiscal austerity, is the opening salvo in what is likely to be a long war with the Republican-controlled Congress over government spending.

In the meantime, the president is moving ahead with a budget request that aggressively lays out his priorities for the twilight of his term in office, which ends in January 2017. One top concern is climate change, an area of sharp disagreement between the White House and the Republican-led Congress. The multi-agency US Global Change Research Program would receive a 9% increase in 2016, to $2.7 billion.

Climate and energy

The US Environmental Protection Agency (EPA) would see an increase of roughly 6%, driving its budget to $8.6 billion—including $769 million for science and technology (see ‘Budget highlights’). The agency would receive $239 million to carry out climate-change regulations and initiatives, and $25 million to help states to comply with a rule—expected to be finalized this year—that would limit greenhouse-gas emissions from power plants. The budget would also create a $4-billion fund to help states that want to enact even stricter emissions limits on the power sector.

http://www.scientificamerican.com/article/obama-s-budget-seeks-big-boost-for-science/

PETA Kills 88% of Pets In Its Care

Dogs, cats typically killed within 24 hours and dumped into trash bags

by Kit Daniels | Infowars.com | February 4, 2015

People for the Ethical Treatment of Animals killed at least 88% of the dogs and cats entrusted in its care last year, in contrast to “no kill” animal shelters which have adoption rates of over 90%.

PETA took in 2,626 pets in 2014 but only found homes for 39, with the rest either being killed within 24 hours or sent to kill shelters.

“Most of these animals were perfectly healthy, and according to reports by the Virginia Department of Agriculture, inspectors of PETA’s Norfolk headquarters frequently found ‘no animals to be housed in the facility,’ and that ’90% were euthanized within the first 24 hours of custody,’” Sputnik reported. “The official 88% kill rate of 2014 is up from 82.4% in 2013.”

The dead dogs and cats are thrown into garbage bags and stored inside expensive freezers paid for by PETA donors.

“How much money did PETA take in last year from unsuspecting donors who helped pay for this mass carnage? $51,933,001,” pet advocate Nathan J. Winograd reported. “$50,449,023 in contributions, $627,336 in merchandise sales, and $856,642 in interest and dividends.”

“They finished the year with $4,551,786 more in the bank than they started, after expenses.”

“They did not see fit to use some of that to comprehensively promote animals for adoption or to provide veterinary care for the animals who needed it,” he pointed out.

‘No kill’ shelters, on the other hand, must save at least 90% of the pets in their care to qualify as “no kill,” and the most successful shelters save up to 99%.

“However, the meaning of the term ‘no kill’ is often intentionally misused by some shelters, enabling them to mislead the public with inaccurate kill and save rates,” Winograd wrote.

The same can be said about PETA, which claims to advocate the “ethical treatment” of animals while mass murdering pets and dumping their bodies into trash bags.

No office space bubble in America’s finest city…

“The only time in history we have seen these high rental rates was briefly back in 2006 and 2007 during the economic bubble, and there are no signs of any bubble today. We are dealing with rapidly shifting dynamics of supply and demand, with demand accelerating and supply essentially frozen due to the lack of new construction.”

http://hughesmarino.com/san-diego/blog/2015/02/03/san-diego-office-rents-historic-highs-economy-fuels-demand/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=sdhughesmarino

World heading for financial crisis worse than in 2008 — China’s Dagong rating agency head

February 04, 13:34 UTC+3

BEIJING, February 4. /TASS/. The world economy may slip into a new global financial crisis in the next few years, China’s Dagong Rating Agency Head Guan Jianzhong said in an interview with TASS news agency on Wednesday.

“I believe we’ll have to face a new world financial crisis in the next few years. It is difficult to give the exact time but all the signs are present, such as the growing volume of debts and the unsteady development of the economies of the US, the EU, China and some other developing countries,” he said, adding the situation is even worse than ahead of 2008.”

“The current crisis in Russia is caused by Western countries’ sanctions rather than internal factors. If we look at the US and the EU countries, their crises were caused by internal and not external factors,” the president of China’s Dagong rating agency said.

“As distinct from Russia, the scope of crediting in these countries exceeded the potential for the production of goods and created a bubble. This crisis was transmitted to the entire world through the policy of quantitative easing and the use of the printing press. All the countries had to pay for that,” he said.

itar-tass.com/en/economy/775374 - 133k -

Depending on the 30 year allowance the two other daughters oughta kick it up a little because $3 million out of $2.7 billion is a little short even if she was a “previously unknown daughter”.

Billionaire’s ’secret daughter’ demands income for 77 years

Robert Frank | @robtfrank

21 Hours Ago
CNBC.com

If you think the battle over Robin Williams’ estate is nasty, consider the fight over the fortune of Michael Wright.

The Australian mining billionaire left an estate worth $2.7 billion Australian dollars (US$2.1 billion) when he died in 2012. But now, a previously unknown daughter is asking for bigger share of his estate.

The 19-year-old student, named Olivia Mead, was left A$3 million in Wright’s will, along with an allowance for 30 years. Yet she wants more—a lot more. And she’s given the court a shopping list, according to The West Australian.

Specifically, the paper said she wants a A$2.5 million house, to be refurbished twice at a cost of A$500,000.

She wants a A$250,000 diamond-studded bass guitar—made out of 10,000-year-old Siberian mammoth ivory, 24-carat gold inlay and knobs topped with 3.3 carat diamonds—valued at A$250,000. For playing along with the bass, she also wants a A$1.2 million crystal-encrusted piano.

She also wants payment for all of her expenses for the next 77 years, until she turns 96. Those include five pairs of A$5,000 shoes a year, 20 pairs of A$300 shoes a year, A$40,000 a year for holidays, two cars, A$10,000 a year for handbags and fashion accessories and A$2,014 a year to keep an axolotl, a salamander also known as a Mexican walking fish.

She is also claiming A$300 a week for clothes, A$800 a week for food and alcohol, A$400 a week for restaurant bills and A$150 a week for fine wine—all for life.

Mead is suing Wright’s estate and his two other daughters for her requests, saying she’s been left “without adequate provisions in her father’s will.”

To read the full report in The West Australian, click here.

Simple Reason Millenials aren’t moving out of their Parents’ Houses: They are crushed by Debt.

(accompanying graph shows 60% to 70% of 25 year olds in New Jersey live at home with mom and dad)

http://tinyurl.com/ovaz6xt

Millennials are not budging from their parents’ basements, even though the job market is on the mend. One really big reason? Student loans.
Last year, the rate of 25- to 34-year-olds living at home rose to 17.7 percent among men and 11.7 percent for women, Census data showed last week. That is a record high for both genders.
Rising co-residence rates are correlated more closely with student debt than with factors like economic conditions and the housing market, according to a staff report in November from the Federal Reserve Bank of New York. The regional bank wrote about the trend today in its blog called “Liberty Street Economics.”
“State-cohort groups who were more heavily reliant on student debt while in school are significantly and substantially more likely to move home to parents when living independently, and are significantly and substantially less likely to move away from parents when living at home,” the report said.

To make things even worse, a super-hot housing market is making it too expensive for even gainfully employed millennials to get their own place.
“Strengthening youth labor markets support moves away from home, but rising local house prices send independent youth back to parents,” the report said.

The economy may be improving, but sorry, Mom and Dad: the “boomerang” phenomenon is here to stay.

Loretta Lynch, President Obama’s choice to succeed Eric Holder as attorney general, called civil forfeiture, a form of legalized theft in which the government takes people’s property without accusing them of a crime, “a wonderful tool.”

http://reason.com/archives/2015/02/04/how-uncle-sam-became-a-bank-robber

this will give you all peter schiff’s latest reports..

https://www.youtube.com/user/SchiffReport/videos

listen to episode #50 (the latest) about the euro. he gets into the truth of why the euro was created.

anyway, if you want to listen to him, the address above will give you his latest first in descending order.

Meanwhile back in Chicago ILLANNOY!!!……
Even though truth out is a liberal rag - the reporting on this is not bad - the comments have to be read when you have a moment - just amazing the us and them divide that has developed in this nation…..
Remember - Us, us, us, us and….them, them, them, them - and after all we’re only ordinary men…..
Me, me, me and you, you, you - God only knows what we would choose (choose) to do (do, do, do)……

http://www.truth-out.org/buzzflash/commentary/democrat-rahm-emanuel-puts-chicago-up-for-sale

http://www.computerworld.com/article/2879083/southern-california-edison-it-workers-beyond-furious-over-h-1b-replacements.html

While the Establishment GOP long since jettisoned its former Main Street base to hire out to neo-con oligarchs like Sheldon Adelson, Chris Christy takes crony capitalism to a whole new level.

http://www.businessinsider.com/chris-christies-relationship-with-sheldon-adelson-2015-2

http://www.zerohedge.com/news/2015-02-04/face-oligarch-recovery-luxury-skyscrapers-empty-nyc-homeless-population-hits-record-

Nowhere is the fraudulent and criminal “oligarch recovery” more on display than in my hometown of New York City. Despite benefitting more than any other community from an enormous taxpayer bailout of the industry that destroyed the economy, financial services, the vast majority of the wealth has been allocated to a handful of oligarchs.

Anti-Gun Group Calls Murder Victim’s Sister & Gets a Shocking Message
As seen on Fox and Friends

by Fox News Insider
Feb 04, 2015

An anti-gun group reached out to a murder victim’s sister to support a push for more gun control laws in Oregon.

Her response left a shocked anti-gun representative sputtering and backtracking.

In 2013, 27-year-old Jessie Doyle was shot and killed by her estranged husband, Josh Cavett.

The anti-gun organization Everytown for Gun Safety reached out to Doyle’s sister, Jennie Cochran, assuming that she would support their cause.

Audio of a phone call between Cochran and Ann Wright of Everytown for Gun Safety shows just how wrong that assumption was.

In the call, Wright asked if Cochran would feel comfortable sharing her story so people would understand the need for stronger gun laws.

“I’m very pro-gun, as is Jessie, so I would really hope that you guys don’t use her story for anything,” Cochran responded. “Because the only thing that would have saved her was a gun.”

On “Fox and Friends” this morning, Cochran explained that there’s no way the police would have been able to respond in time to prevent her sister’s murder.

“[Cavett] is a felon. He’s gonna have a gun, and the only thing that would have leveled it out is if she had one too,” she said.

insider.foxnews.com/…/02/04/murder-victims-sister-shocks-anti-gun-group-phone-call - 103k - Cached - Similar pages
11 hours ago

“It was already illegal for him to have a gun. He was a felon … they’re gonna get them. There’s a black market out there and they’re always gonna have them.”

Cochran told Brian Kilmeade that she didn’t want the anti-gun group to take her sister’s story and use it to create more victims.

“When they push for more gun laws, they’re creating a society of victims,” she explained.

phony scandals