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 …
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 …
Real estate prices have soared through the pandemic? Not so fast says Wolf Richter
The Northern system of government has failed…but they’ll fight to the bitter end to keep it going.
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 …
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 …
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 …
American Politics: Who Can Give Away More Fiat Money Read More »
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 …
Recovery is at the End of the Road, but There are Cliffs in Between Read More »
Real Estate Valuations Post Covid Let’s say someone bought 10 units in 2019 for 1.2 million dollars. Each unit renting for $1,000 a month. He made 10k in gross income and after expenses his net operating income was 6k a month. The mortgage payment was 5k, leaving him with cash flow of 1k a month. …
Real Estate Outlook in a Collapsing Fiat Based Economy Read More »
From Pentonomics: Michael Pento’s Weekly Letter Trampoline Cliff Diving We start this week’s commentary with some rather depressing news from Reuters:
What a comment from Never_Guess at zerohedge:“I’ll put up with a lot of you sh-t lib progressive types and your abhorrent views on how others should live their lives but I will be damned if I let you murder living, breathing, children and try to convince me that is okay. you are murderers, you are …
From CliveMaund.com:“Finally, I want to take this opportunity to recommend that you do whatever you can you make sure that you have at least some physical gold and silver in your possession. Very bad times are headed our way and most Americans have no idea what’s coming down the pike. If you have to pay …
There is something beautiful about this video, as rank as it is. Seeing the Grey Haired Brigade ride again is satisfying. America is coming apart at the seams. Even the retired geriatrics of South Florida can feel it. The old standard rallying cry ‘hate’ is being used as the motive. But something deeper is going …
Levels of Violence in a Society peaceful protests, similar to a parade protests with looting, glass breaking, a few fires general lawlessness, mass of protesters angry. Burning whole blocks down widespread organized resistance and violence against authorities. Roving gangs. Skirmishes battles between two similarly matched forces Open war, WWI/WW2 style warfare – carpet bombing, poison …
Levels of Violence and The Cost Benefit Analysis from the Federal Reserve Read More »
This article from accountant Brandon Hall goes into detail about the wealth building process. Through his job as a CPA he has been able to “peer into the lives of financially successful men and women. In doing so, I’ve noticed trends in habits that these people possess and I wanted to share that with the …
The Key to Building Wealth: Make Money then Invest It Read More »
I watched recently a speech given by Murray Rothbard at a conference back in the 80’s (I don’t know if the video has been pulled from Youtube, but I cannot find it). He opened the talk by saying that a couple times a year he receives a mailing from someone, usually in a large envelope. …
