The Housing Bubble

This blog post sponsored by William Kristol and Sheldon Adelson

Wow, ISIS are bad dudes! What a revelation. I was saying that on this blog back when the US was funding them and the Arizona senator was having his picture taken with them.

Your first paragraph. That’s about it in a nutshell.

The state is concerned about security and global hegemony. Relations with China are not working out for them.

The TPP is a massive incentive package from the state to get the corporations on board.

As to your second paragraph, I have no position on the outcome.

However, I did have a lengthy discussion with a dear friend two days ago who has been looking to source products from China to sell online. Some of you may be aware of the various companies hawking “courses” about private labeling and selling on Amazon. He’s into it. We’ve had many a heated discussion about sourcing from the Chinese. I’m agin it, he’s for it. He finally saw the light when I went over this TPP thing with him and was able to identify sources he could work with other than Chinese, including one here in the US, and he’s off to the races.

Major corps know what’s going down and I’m sure have already made plans. You’ll be seeing more “Made In Vietnam”, “Made In India”, Made in the Philippines, Mexico, even Chile and Colombia. Not that there already aren’t plenty of things with these labels, but you’ll be seeing way more.

The poor schmucks who are mom and pop sellers on Amazon, for example, are going to get caught with their pants down and won’t be able to get delivery from China. And don’t be surprised if, like the confederate flag stuff, Amazon doesn’t allow products sourced from China. Not gonna happen today, but soon come, soon come.

JMO.

And don’t be surprised if, like the confederate flag stuff, Amazon doesn’t allow products sourced from China. Not gonna happen today, but soon come, soon come.

Actually, do not be surprised if people turn to Alibaba and buy their confederate flags there.

And Obama thought he had a chance of taking Putin down:

http://europe.newsweek.com/vladimir-putins-popularity-reaches-historic-high-among-russians-329277

What is interesting in this country if you ask people if the country is going in the right direction it is in the twenties that agree, in Russia it is more than 60% that feel that way.

“Actually, do not be surprised if people turn to Alibaba and buy their confederate flags there.”

of course, but they’ve got that covered. Alibaba IPO took place on the NYSE, if I recall. And there have been a slew of complaints about fraud since.

http://www.bloomberg.com/news/articles/2014-09-22/alibaba-s-banks-said-to-increase-ipo-size-to-record-25-billion

“Alibaba’s underwriters earned $300 million in fees, taking home 1.2 percent of the proceeds, according to a filing today. Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley each earned 15.7 percent of the fees, while Citigroup Inc.’s share represented 7.9 percent, the filing shows. Alibaba’s 28 other underwriters received 1 percent or less apiece.”

I expect Goldman, JPM and Morgan Stanley to come up roses. Deutsche Bank, however, not so much. The other 28, under the bus.

Actually, Alibaba said it would not but at least one of its platforms still does have them, however Alibaba is not China’s only online retailer so I do not think they will be hard to find. Given the rebel streak they will probably be bought in greater volumes.

China pivots to Eastern Europe:

http://www.shanghaidaily.com/business/Central-Eastern-European-countries-seek-Chinese-investment/shdaily.shtml

More like Eastern Europe pivots to China, but who’s arguing?

I think Israel is pivoting to China as well.

“China pivots to Eastern Europe”

But that’s Putin’s turf!

So, a few words to the poor schmucks who will be the last to know. Hopefully this goes down rather quietly, with the corps just shifting their manufacturing operations elsewhere without saying why, other than it’s a business decision. I’m pretty sure that’s being done already.

However, if you’re one of those moms and pops sourcing from China and selling online, you may want to review your sourcing. Again, you probably have some time before TSHTF, and again, I could be all wet on this. But as my grandmother used to say, safety first!

And speaking of safety first, if you’re some middle manager, supervisor or engineer or programmer or whatever whose company sends you to China for short or extended stays, watch your back and make the appropriate preparations. First of all, YOUR supervisor will never, EVER tell you any of this, especially if they want it to look like business as usual. And, they may be trying to squeeze the last drop out of the China trade while they can. Then again, even they may not have been made aware. But YOU, at this time, are nothing more than window dressing.

You may want to do what you can to avoid future trips to China, even if it means quitting your job. All it takes is one stupid incident like another major hack or a confrontation in the South China Sea or even some false flag using a Chinese national in the US, and all of a sudden YOU are behind enemy lines with no hope of assistance from your company, or country, for that matter. Trust me on this. You will be left to rot, the management and shareholders and bankers and politicians will be safe in their stateside offices and homes with granite countertops.

Pay careful attention to what is, even now, coming from the State Department. It’s no longer against the law to negotiate with foreign entities in hostage situations. Your family will have NO help if you get caught up in an international incident, but they’re welcome to scrape together some funds and try to get you out. And your congresscritter just deballed him or herself in this, so calls to their office will be worthless. All your family will get are sympathetic murmurs.

Am I way over the top on this? Maybe. I hope so, I really do. But what I’ve seen go down every since the Bush regime makes me realize that anything can happen, and anyone can be used in this ugly game, even some poor schmuck off the streets with a drug problem.

And don’t be surprised if, like the confederate flag stuff, Amazon doesn’t allow products sourced from China.”

Its a free trade bill right ? what am I missing here ??

Everything that our congresscritters have been sworn to secrecy about.

And this thing makes The Affordable Care Act look positively transparent!

Let us please remember our hard earned lessons about fedgov newspeak. “Tax Reform” = “Higher Taxes”.

“Affordable Care Act” = “Backbreaking Health Care Costs”.

“Free Trade Bill” = “You won’t know until you read it how we skrood-ya over, ha-ha!”.

Beware of tools with progressive-sounding names, with which we citizens are effed over. Note how the fedgov drones get all sentimental when they smell another avenue through which to expropriate citizens’ property and freedoms of choice (such as they are).

The unspoken rationale: since they are so much more enlightened, they will do a more better job in re-allocating our cash.

About the freedoms - that’s just a power trip. They erode them because they can, like Ted Bundys going through the training course, decapitating pets and pulling wings off flies.

I hope to see the fedgov salary entitlements for its bloated FSA halved in my lifetime.

The honorable Governor Jerry Brown has already promised 3 billion more to teachers next year. LAPD is hiring 1300 cops. The California economy is crashing and burning in no way, shape or form.
We all know it’s all funny money. Global warming is causing serious fires throughout the state and the real fire season hasn’t started yet.
We should all be aware that America and the rest of the world is in serious decline due to peak oil and environmental devastation. But the politicians say not a word that’s meaningful on the subject.
Republican are just grumpy old white men and their consorts, and Democrats are trying to rally another race war in the least racist nation that has ever existed. Oh yeah, and Al Gore flies around in his jet, and lives in his mansion and tells us to conserve.
Better yet, most Americans find little wrong with what they see cuz the tater tots haven’t run out at Miccy D’s yet.
The Anazasi tribe saw nothing wrong with cutting down all the junipers in Arizona and Utah until one day they woke up and ate each other.
The modern Americans are no more intelligent than that.
If you want to talk about housing, we need to build much smaller units next to transportation hubs, and let the rest of America rot. A politician who would support a vision like that would garner my respect. Guess what, there’s not one in America. They’re too busy raping and pillaging what’s left and rightly so.
Maybe, theyre smart enough to be buying guns and islands to ward off the zombies when the shit really does hit the fan, and nobody knows when that will happen, but I’ll bet my bottom dollar it will be in less than 70 years.

Democrats are trying to rally another race war in the least racist nation that has ever existed

When was the last race war?

If you want to talk about housing, we need to build much smaller units next to transportation hubs, and let the rest of America rot.

There are politicians who support building housing near light rail stations and whatnot, It’s should be completely understandable to you that there are none who would go along with the idea of allowing the vast majority of the country to rot.

I should clarify that they should rot if they were not willing to submit to housing that would not be up to American standards and fuel consumption at present. I don’t expect my views to be popular because most Americans and people of the world are narcissistic and therefore only concerned about personal happiness. Most women own lots of unnecessary dresses and men have boats, fancy cars, and oversized houses all for the purpose of getting laid. Can you actually expect such ignorant fools to make rational decisions that will benefit future generations. If you have ignorant yahoos who can’t comprehend the simple notion that a finite planet does not have an infinite supply of oil, and using our air supply as a sewer of toxicity cannot end well. As well as wiping out major animal species at an alarming rate. Modern man is doing a horrible job of policing himself. Drastic measures would have to be taken to ensure the existence of civilized man in the future, and it would have to be made by a world government that does not exist.
I have absolutely no faith that man is smart enough to bring this into effect on his own. The majority will never leave the safe and comfortable shore of short-sightedness, complacency, and stupidity.
For example, 7 billion people on the planet is unsustainable. A third grader should have no difficulty understanding the math on that one. Thus, people have the intelligence to see the truth and do nothing about it.
Obviously Jeb and Hillary would be unelectable on this platform, and true world cooperation is highly improbable so why am I so passionate about an impossible dream?

All estimates I have seen show that Greek workers will take a 50% pay reduction if they leave the EU. So I think they “will foot the bill” too. Moreover, they know it and over 60% want to stay in the EU. However, there is no option that allows them to stay in the union and not pay their debts to the EU and IMF. So what always happens when a country runs out of OPM will happen, the working class will get hosed.

“So what always happens when a country runs out of OPM will happen, the working class will get hosed.”

The working class is already getting hosed. All that money German banks gave to Greece’s oligarchs somehow never managed to trickle down to the rest of Greece, just the bill.

All estimates I have seen show that Greek workers will take a 50% pay reduction if they leave the EU.

I haven’t seen anything anywhere about Greece leaving the EU. It’s all been about leaving the euro, which is not the same thing.

I haven’t seen anything anywhere about Greece leaving the EU. It’s all been about leaving the euro, which is not the same thing.

No, but I have read it is going to be both. Think about it Greece is going to stiff the EU banks and still be allowed to stay in the EU, I do not think so.

https://en.wikipedia.org/wiki/Greek_government-debt_crisis

This article expects them to leave due to not being able to pay back the loans, of course I do not think they will even try.

Key excerpt and proof that the election of the leftists with their pie in the sky promises has just made things worse and addressing the EU issue:

The prolonged time-span without any active bailout-agreement, caused an increasingly growing liquidity crisis, which resulted in a new fourth recession hitting Greece - starting from Q4-2014.[17][18] According to the European economic forecast published in May 2015, the impact of this sudden unexpected recession for the entire part of 2015, would be that economic growth (real GDP) now only was expected to rise +0.5% compared to the earlier forecast +2.5%; while it was emphasized this attainment of low positive growth for the current year as a whole - was even a best case scenario forecast - at the premise on a fast successful conclusion to the current bailout-programme negotiations held between the Greek government and its public creditors in May 2015. The reason why the economic outlook became downgraded, was because the “positive momentum” building up in 2014 after Greece’s savage recession came to an end, had been hurt by the political uncertainty erupting since the announcement in December of early elections, which further intensified after the election - due to the inability of the new-elect government to settle an economic policy agreement with its creditors within its first given deadline in February 2015.[95] The Hellenic Confederation of Commerce and Enterprises (ECEE) estimated, that each day without an active bailout agreement under the new-elect government, had entailed daily costs equal to €22.3 million shrinkage of GDP, bankrupt closure of 59 shops, along with 613 jobs being lost.[96] The political uncertainty, beside of damaging the economic growth, was found also to have caused a “significant shortfall” in collected state revenues beyond what could be explained by the lower growth, which led to a significant downgrade of the forecast Greek general government’s structural budget balance in 2015 (declining from a previously forecast +1.6%, now to become negative at -1.4%).[97] Finally, as a result of all these adverse developments, the debt-to-GDP ratio was also forecast to deteriorate, going up from the forecast six months ago of 170.2% in 2015 and 159.2% in 2016, now to be 180.2% in 2015 and 173.5% in 2016, making it increasingly unlikely for Greece to attain its bailout programme target of reaching a 124% ratio in 2020.[98]

Faced by the threat of sovereign default, which inevitably would entail enforcement of recessionary capital controls to avoid a collapse of the banking sector - and potentially could lead to exit from the eurozone due to growing liquidity constraints making continued payment of public pension and salaries impossible in euro,[24][25] some final attempts for reaching a renegotiated bailout agreement were made by the Greek government in June 2015.[22][23][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58][59][60][61] Expectations are that Greece, beside of ultimately receiving its remaining transfer of frozen bailout funds in its second programme, in addition will need a follow-up support programme starting 1 July 2015. The Troika announced their premise to offer Greece (and begin negotiations about) establishment of a follow-up third bailout programme, would be a prior successful completion of the re-negotiated current second bailout programme.[62][63]

Where’s the section about leaving the EU?

Here this states it explicitly not implicitly and it is referencing the Greek central bank’s view:

http://www.itv.com/news/update/2015-06-17/greece-leaving-euro-would-be-catastrophe-for-europe/

And now we return to our Kabuki Theatre Marathon . . .

The instant Greece defaults, the wheels on the ECB Ponzi markets will come off and a cascading chain-reation derivatives meltdown will begin. For that reason the Greek can will be kicked into perpetuity.

Yeah, that does sound pretty scary. It’s a good thing that they keep kicking that can.

She blinded me with science….

On the Washington Post website, a link titled: PBS suspends ‘Finding Your Roots’ after review of Ben Affleck’s influence

With a subtitle under that that reads: The actor, who had volunteered to be featured on the genealogy program, asked show producers to leave out information about his slave-owning ancestor

Libtards gonna tard, LOLZ

I was chatting with a friend about the Affleck incident. My friend’s first thought was that Affleck was trying to protect his school-age children. If Affleck’s roots were publicized, his children could be harassed at school.

That put PBS in a bad spot. If they revealed the info, they would be accused of exposing the Affleck kids. If they held the info back, they would be accused of a cover-up.

I dunno, what would be the best course of action? Reveal the info and then keep an eagle eye on the kids to make sure they’re cool at school, I guess.

From Wikipedia sorry.

Romney won the Deep Six from the Republican consultancy.

Also remember that there’s plenty of po’ white trash in other parts of the country besides the Deep South. Ohio, Pennsylvania, Vermont, Maine, Wisconsin, etc.

Vermont?
Having grown up there and loving the Redneck Manifesto, I agree.

Lived there myself. Saw it first hand. They even had some Stars and Bars up there, being used for curtains in windows. Although I think it had more to do with Easy Rider than the Confederacy.

He didn’t “convince” them. He ordered them.

I read somewhere that it’s going to take a 2/3 vote of the state legislature to remove that flag. Will Romney order the legislators to do his bidding?

I gave at the office. Seriously, I did. fedgov took a nice chunk every week and later on, every two weeks.

Here’s a video of a white teenager, holding an infant, getting attacked by a black teenager.

Http://i.imgur.com/trMokRf.png

http://www.liveleak.com/view?i=86b_1435196070

I’m pretty sure if the Confederate flag is the cause of this.

The fat lady is singing ‘Dixie’…

The confederate flag will now be removed from toy cars based on the Dukes of Hazard tv series. Walmart will no longer sell items displaying the flag. And NASCAR wants it removed from state grounds. NASCAR.

This is a redneck cultural crisis.

Go all the way, baybeeeeeeeeeee! Yee-haw!

“The United States flag flew over Constitutionally instituted slavery from ratification on June 21, 1788 until 1865. If you want a symbol of slavery, then the US flag is a much better one.”

Take that flag down!

I’m pretty sure if the Confederate flag is the cause of this.

Why would you think that?

Interesting quote from an Ann Coulter piece. Really gave me pause, because this has actually happened to me, twice in my life, way long ago when I wuz a pup. And, I might add, with the complicity of one of my “liberal” family members. From the Northeast. Frankly, I had forgotten about these incidents. One was an actual beating, one was more of an alcohol fueled pawing. One of my more conservative family members caught wind and put an end to circumstances that might bring about future incidents. HUGE family ruckus, it all came floating back when I read this.

My first reaction was “Well, I never…” then, “Oops, uh-oh, wait, dang…

But it sort of proves the point about the real conflict being between two groups of white folks who hate each other’s guts, and one group uses people of color at their shock troops against the other. Right within my own family group, too.

“Ask around. You might be surprised at how many whites you know have been physically attacked by a black person at least once in their lives.”

Interesting theory. Was every racist once beaten up by a black person?

Nevermind slavery, the Confederate flag represents sedition. It actually amazes me that it is allowed to fly at all.

Ooh, ooh, I wanna play, too. Here goes:

This blog post sponsored by the Southern Poverty Law Center.

“Nevermind slavery, the Confederate flag represents sedition”

ding ding ding we have a winner

Or it symbolizes being a rebel and Americans love rebels with or without a cause.

“Ask around. You might be surprised at how many whites you know have been physically attacked by a black person at least once in their lives.”

Was that Ann Coulter’s interesting point? What’s so interesting about it? If you ask white people whether they’ve been attacked or robbed by another white person, you’d probably get more affirmative answers.

Nevermind slavery, the Confederate flag represents sedition.

It also represents big government and opposition to a free market economy.

“What’s so interesting about it?”

It’s interesting how stupid it is. And how revealing.

I dunno why. But she did.

And is the data from these third world countries good/accurate?

That’s gold, Jerry Gold

“The claim is BS and Bundy’s the statist.”

Why is the claim BS?

He went to court and lost. His ideas make no sense.

Bundy’s claim that the land belongs to Nevada or Clark County didn’t hold up in court, nor did his claim of inheriting an ancestral right to use the land that pre-empts the BLM’s role. “We definitely don’t recognize [the BLM director's] jurisdiction or authority, his arresting power or policing power in any way,” Bundy told his supporters, according to The Guardian.

All political power is inherent in the people. Government is instituted for the protection, security and benefit of the people; and they have the right to alter or reform the same whenever the public good may require it. But the Paramount Allegiance of every citizen is due to the Federal Government in the exercise of all its Constitutional powers as the same have been or may be defined by the Supreme Court of the United States; and no power exists in the people of this or any other State of the Federal Union to dissolve their connection therewith or perform any act tending to impair, subvert, or resist the Supreme Authority of the government of the United States. The Constitution of the United States confers full power on the Federal Government to maintain and Perpetuate its existence, and whensoever any portion of the States, or people thereof attempt to secede from the Federal Union, or forcibly resist the Execution of its laws, the Federal Government may, by warrant of the Constitution, employ armed force in compelling obedience to its Authority.

http://www.theatlantic.com/politics/archive/2014/04/the-irony-of-cliven-bundys-unconstitutional-stand/360587/

How long does your family have to live in America for you to be above the law?

“either because of what those plans already cost or where they are headed.”

I have to admit you’re probably right on this one, ABQ.

My impression was that Obama wanted people covered, now, even if had to make deals to do it. Sure, it would have been great to have single payer, or public option, but if Obama held out for that, millions would have had no coverage.

And few laws are ironclad. The Republicans always have the option of repealing and replacing with Medicare for all.

I haven’t heard of any mandatory HMOs in the act. Who’s been forced into an HMO?

Your employer forces you into it by dropping all of the non-HMO options.

“Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical to get the thing to pass,” Gruber said at the November 2013 event.

Read more: http://dailycaller.com/2014/11/12/in-third-video-obamacare-architect-talks-about-basic-exploitation-of-american-voters-video/#ixzz3e4ufiu3x

“Until a second Massachusetts hero arose, John Kerry. John Kerry said no, no we’re not going to tax your heath insurance, we’re going to tax those evil insurance companies. We’re going to impose a tax that if they sell health insurance that’s too expensive, we’re going to tax them. And conveniently the tax rate will happen to be the marginal tax rate on the income tax code. So basically it’s the same thing: we just tax insurance companies, they pass on higher prices that offsets the tax break we get into being the same thing. It’s a very clever basic exploitation of the lack of economic understanding of the American voter.”

#GruberGate Compilation “Stupid Is As Stupid DOES” - YouTube
http://www.youtube.com/watch?v=v_bBaXPVQns - 188k -

“Stupid Is As Stupid DOES”

Nobody is stupider than the millions of red staters who STILL THINK that Saddam Hussein attacked us on 911, because that’s what liars like George Bush and Dick Cheney wanted them to believe. Repubs are outraged that families who have a child with cancer now don’t have to go into bankruptcy to pay their doctor bills. The conservative chickenhawk solution would be to send the parents off to some war in the middle east, and conservative chickenhawks are always going to want a war somewhere in the middle east.

Anyone regardless of party affiliation who votes for Wall Street’s Republicrat water carriers is stupid, period. The morons who still spout the red pill/blue pill nonsense are still willfully blind and ignorant.

Well, you do hear sometimes that third world countries have a lot of blackouts or “power cuts”. Though I thought that RJ may have been referring to growing old and dying alone.

Well, good point. We’ve been to Maui but now I’m gonna have to make plans to haul the wife and kids to Kauai!!