Mr. House
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Blackrock will buy them, just like last time. With 0% money from the fed. And rent them back to you for your whole paycheck.
During a freaking pandemic? You offer a loan of 400,000 to someone who makes 40k? And you wonder why someone of us questions this pandemic.
Why do banks still offer loans of 400,000 to someone who makes 40k a year like they did to the two gents who live below me?
“Let the mass evictions begin.”
That was always going to be the outcome when prices can only go up. After 2008 why didn’t these people save money? Why do these people have children they can’t afford? Why do they have cars and toys they can’t afford? Why doesn’t anyone act responsibly for themselves? Because they aren’t living in reality, the illusion, and everyday we do not let prices correct it is only going to get worse. I’ve been pondering these issues for quite some time, dabbling on leftist sites and some more to the right. All kinds of different people who react and act in different ways, but one thing applies to both. The expectations or base reality must be the same for everyone for them to make decisions on, and until prices correct they will never make proper decisions
People are too partisan, it either has to be all left or all right, never realizing that neither extremes work well.
No one is willing to accept pain. I know its not popular to say it but people should save more, no matter what their income is. Having that money on hand for emergencies is the only kind of freedom you truly have in a system like ours. But the media and the government don’t want people to save, and the TV tells them not to. So they don’t, and then as soon as something bad happens all we here are the cries to the heavens of who will save us! Is this a society worth saving?
@ John Day
in regards to free will i always enjoyed this podcast
https://www.wnycstudios.org/podcasts/radiolab/episodes/103951-the-good-show
9/11= once in a lifetime event!
2008= once in a lifetime event!
coronaviru= once in a lifetime event!I’ve only been alive 36 years but damn thats a lot of once in a lifetime events
Let me get this straight, we all accept that rich powerful people will murder a man in prison so their dirty deeds won’t come out, but not that they would create a false flag/pandemic to cover up financial collapse. The thing we’ve been coming to this site for a decade to learn about.
Years ago when people were predicting civil war due to trumps election i didn’t believe. I’m not invested in democrats or republicans, but after witnessing the reactions of the “tolerant” left the past four years, i agree with you.
http://www.tnellen.com/cybereng/harrison.html
always enjoyed that short story, thoughts?
https://en.wikipedia.org/wiki/Cultural_Revolution
Feels like this will be the future.
Correction, its blackrock running the bailouts, but private equity is private equity and i’m sure they’re huuuuuuuuuge supporters of BLM.
Here is an interesting tidbit of information. Bumble, an online dating app, will not let you sign into your account unless you agree and support BLM. Not sure what that has to do with dating, but got me wondering who owns bumble? A quick search shows that blackstone, the same people running Trumps bailouts, owns a majority position in bumble……. when the big corporations support your movement, you’re a front or you’ve been co opted.
That kinda talk will get you erased from commenting at NakedCaptialism. I wonder if they got extra money not to break narrative from a mysterious source. I generally only went to the site for the comments, and honestly i find Yves Smith overall attitude and demeanor to be elites and smug. She knows everything, dontcha know.
“I am genuinely appalled at Powell in Q&A saying The Fed is wilfully ignoring the financial bubbles they are creating. I thought after the 2001 NASDAQ and 2008 housing debacle they would have learnt that when these bubbles burst it makes the recession much worse. Utter morons”
I used to think like albert edwards….. but it all makes sense if you understand this is about power and nothing out. If the market has price discovery and debt is wiped out, those who rule us lose power. We can’t have that, better to make life worse for the masses until they force our hand
For your consideration:
https://harpers.org/archive/2020/05/how-the-anti-populists-stopped-bernie-sanders/
Comic Relief:
Very interesting idea. I think its even more simple then that, i’m a firm believer that High School never ends. The people that hate trump are doing it because its the cool thing to do. You should see all the online dating profiles that state if you voted for trump don’t bother trying to date me. I doubt most of these people have any grasp of politics or philosophy beyond what the TV tells them.
After our first weekend of being open since lockdown and some random conversations in public, i am very worried about how some people are handling this. The anti trump people have turned the volume up to 11, and if you try and explain to them that things aren’t very different under trump then they were under obama they storm off like you just insulted their mother in the worst way imaginable. They’re frothing at the mouth, i guess to get rid of trump, but i doubt that’ll change anything. You can’t have a conversation with these people.
@ Raul
When people where masks while walking around outside, when people scream at other people about social distancing, when people won’t walk on the same sidewalk as you….. What would you call that?
@John Day
I always suspected our own government before anyone else. But if it escaped in June, what does that say about the severness and contagiousness of Covid-19?
Man, what to believe anymore? Do you guys remember people rioting in Europe during Fergason and Baltimore during Obama’s term? What are the chances that after 4 years of russia russia russia, this is all being used as one final push to get trump either out of office or not reelected? Funny how people protesting the lockdown were shamed by nurses but people rioting get applause? Strange days have found us
Well you can’t let something that douses your induced hysteria ruin the narrative, duh
Think of it this way, if what we are actually living thru is some sort of factional power play within the US government, i would suspect that if the election happens this year, it will be contested. Lets all keep our eyes open and observe as november rolls closer.
Alot of you who comment on the virus remind me of an ex girlfriend. Her mom had been diagnosed with cancer. For two weeks i consoled her and she cried and cried and cried. Finally one friday she showed up to pick me up to head to my parents, and she was till crying. Finally i said to her, is your mom dead? She said no between sniffles, to which i replied then stop acting like it. Over a decade later and her mom is still kicking. You people who lament how this virus is being handled give it too much stock. This is Russiagate on steriods and you are lapping it up.
@Dr. D
Yeah i was thinking about the opioid epidemic recently. That couldn’t be used as a cover for financial collapse because using heroin is a choice. And has a long established list of side effects. Better to gin up something that everyone can get, has symptoms all over the spectrum, along with no cure. Has anyone here ever watched Highlander 2? Long story short, the ozone layer is going kaput and conner mccloud creates a shield to keep us all safe. Decades after the shield is put in place they find that the ozone layer has healed itself but the corporation who controls the shield won’t tell the truth because power. Think of the us government like that corporation.
Oh and i spent last saturday with a friend who is a nurse in the city of champions. She actually works with covid patients. She is even starting to question this, and said most of her days are spent doing nothing at the hospital.
Its funny, i stopped reading the wall street journal and many main stream outlets during 2008 because what they were saying didn’t match the reality. I ended up at places like the automatic earth and others. I’m starting to get that same feeling again.
“Taleb likes to say it’s not the state that shuts down an economy, it’s the people:”
And the media that whips them up into a frenzy
More fuel for my theory
Evidence Suggests U.S. Financial Crisis Started on August 14, 2019
Such a convenient time line
Didn’t some suggest awhile back that 9/11 was a cover up for financial fraud? Something about building seven holding documents with regards to worldcom and others? I mean they also got an endless war out of it, along with the enemy being whoever the flavor of the month was. Feels strangely familiar
A thought crossed my mind today: Will we be installing plastic shields between bowling lanes when this is all over?
“I believe with all my heart that if we are to take individual rights seriously, then we must take individual responsibility and agency just as seriously.”
Couldn’t agree more, which is why i have such a hard time with this. What was responsible about the bailouts that just occurred? Is it not the same people in charge of the financial and the COVID response? I love Ben and I love you Illargi. I wouldn’t understand what i do without people like you guys. But you’re losing me on this Covid stuff. All i see is more government overreach and never letting a crisis go to waste. And why are the stats displayed on every website you visit? My favorite was yahoo finance, they added covid stats randomly above the ticker a few weeks back. I feel like we’re being punk’d here. Oh and the states using the color codes for countys feels very 9/11ish. You guys remember those? Terror threat orange today good citizens!
