U.S. government to backstop mortgages above $1 million for the first time (“Government can’t backstop shit – this means YOU, taxpayers!)

Hey Gen-Z renters who will never be able to afford a home of your own thanks to the Fed: how do you feel about the Brandon regime putting taxpayers on the hook to shield Biden’s bankster pimps and puppet masters from the consequences of their own recklessness and greed when it comes to mortgage lending? … Read more

‘Buy now, pay later’ orders jumped 68% during the week of Black Friday (Yellen the Felon calls this “evidence of a strong consumer” – let’s see what she calls it when millions of debt donkeys end up defaulting on their loans)

Online purchases using the type of financing known as buy now, pay later jumped 68% during the week of Black Friday (Nov. 21 to Nov. 27) compared to the previous week, according to the latest Adobe Analytics report, published Monday. Revenue from “buy now, pay later” — also known as BNPL — rose 72% week over week, … Read more

Housing market crash is happening right now

Is this what "stable prices" look like to you? @federalreserve @MaryDalyEcon @RaphaelBostic @neelkashkari @SenateBanking @SenSherrodBrown Just looks like you stole HOMES from young families in order to line the pockets of old people and speculators. https://t.co/75oBxhqIbM — Darth Powell (@VladTheInflator) November 28, 2022 U.S. House Prices fall Another 1.5% in September Housing prices tumbled for … Read more

Ron Gould chair of Mojave County Board of Supervisors votes to certify under duress — ‘I will be arrested and charged with a felony !

Looks like Kari Lake has grounds now for a real legal challenge! 🚨BREAKING: Chair of the Mohave County Board of Supervisors Ron Gould states he’s voting to certify the 2022 general election under duress: “I have no choice but to vote ‘Aye’ or I will be arrested and charged with a felony " pic.twitter.com/pxa0Cz8XfD — … Read more

U.S. Air Force to unveil the ‘most advanced military aircraft ever built’

The B-21 Raider stealth bomber will be unveiled at the Northrop Grumman facility in Palmdale, California, on Friday December 2 The bomber was designed to carry out long-range bombing and nuclear missions employing cutting edge stealth technologies There are currently six bombers being built in Palmdale at the cost of about $2 billion per aircraft … Read more

Will Global Rate Hikes Set Off a Global Debt Bomb?

by Daniel Lacalle via Mises Raising interest rates is a necessary but insufficient measure to combat inflation. To reduce inflation to 2 percent, central banks must significantly reduce their balance sheets, which has not yet occurred in local currency, and governments must reduce spending, which is highly unlikely. The most challenging obstacle is also the accumulation of debt. … Read more

Market Indicators Make The 2008 Structural Imbalances In Gold & Silver Look Like A Rehearsal

Latifa Alkhanjary via Kinesis In this week’s episode of Live from the Vault, Andrew Maguire sits down with hedge fund expert and metals analyst, Dave Kranzler, to uncover the market indicators that point to the metals sector readying for the next move higher. The industry leaders expose the mania of shorting COMEX gold and silver futures, with market structural imbalances … Read more

NYC Subway Felonies Rise Faster Than Ridership

The New York City subway system saw major felony crimes increase more significantly than the overall transit system’s ridership through October 2022, according to preliminary statistics. Major felonies were committed at a roughly 40.2% higher rate within the subway system from January through October 2022 compared to the same stretch in 2021, preliminary police statistics … Read more

Fed Official: Inflation Through 2024

Inflation will likely persist into 2024, St. Louis Federal Reserve President James Bullard warned on Wednesday, suggesting interest rates could likely surge even higher as the Fed battles rising prices. “I think we’ll probably have to stay there all during 2023 and into 2024,” Bullard told MarketWatch of high interest rates, estimating they could reach between 5 and … Read more

NYC to BAN Landlords Doing Background Checks

They voted themselves in a couple of gems, these New York City folks did. Between actually electing Kathy Hochul to continue her reign of incoherence and incompetence, coupled with their already in-situ fashion plate, empty-suit city chief executive, Big Apple dwellers might as well save time and just beat themselves up. Emboldened by the election … Read more

Never allow these f*ckers to gaslight us into thinking they were against Lockdowns. These f*ckers were always FOR lockdowns. Never allow them to memory hole this as they change their tune when it comes to China!

by 2201992 Never allow these f*ckers to gaslight us into thinking they were against Lockdowns. These f*ckers were always FOR lockdowns. Never allow them to memory hole this as they change their tune when it comes to China! It’s time to dig us some old tweets from Shit head Schiff about his support for Lockdowns.

Biden on Monday asked Congress to intervene and block a railroad strike

“Let me be clear: a rail shutdown would devastate our economy,” Biden said in a statement. “Without freight rail, many U.S. industries would shut down.” In a statement, Pelosi said: “We are reluctant to bypass the standard ratification process for the Tentative Agreement — but we must act to prevent a catastrophic nationwide rail strike, … Read more

No CO2-Induced Warming Trend Identifiable For The ‘Entire Territory Of Italy’ Since 1948

The warming “predicted from climate models” has not materialized in yet another temperature record. In an “assessment of the performance of the climate projections” for all of Italy over the 1948-2021 period, we can observe no rising temperature trend (shown in green) that could align with the rise in CO2 emissions per a new study. … Read more

World Yield Curve Inverts For First Time Since At Least 2000

by confoundedinterest17 Do I hear Drums Along The Potomac or East River?? The hawkish drumbeat from central bankers is raising fears of a downturn, with global bonds joining US peers in signaling a recession, as a gauge measuring the worldwide yield curve inverted for the first time in at least two decades. The US Treasury 10Y-2Y yield curve, on the … Read more

The Supreme Court Petition Set to Rock America, a great explanation

Total. Media. Blackout. This should come as little surprise for mainstream media outlets not covering the potentially seismic, landmark petition set in front of the nine Justices on the Supreme Court of the United States (“SCOTUS”). But with “national emergency” language added to the second submission of the petition it begs the question relating to … Read more