…just one WMD event away from 666.
When RealtyTrac released its latest home sales report, “which shows single family home and condo sales through August were on pace for an eight-year high nationwide and in 110 out of 204” it was something else that caught our eye. According to RealtyTrac president Daren Blomquist, “the continued strength in sales volume across a wide spectrum of markets in August indicates that shockwaves from recent global stock market instability have not weakened the housing recovery and in fact there is evidence that the instability has fueled more demand for U.S. real estate.”
Which was to be expected: as we have said for the past 4 years, one of the three pillars supporting US housing, or at least the very high end, is the money laundering of offshore hot money in the US, where courtesy of the NAR’s exemption from anti-money laundering provisions, wealthy foreigners can park any amount of cash in US housing without any questions asked. In August this was particularly acute because as Blomquist adds, “cash sales share was more pronounced in markets that have traditionally been magnets for foreign cash buyers, including Boston, Las Vegas, San Francisco, Seattle and New York.”
And here was the stunner in question: “We are seeing more globalization as Southern California has become a destination for international buyers,” said Mark Hughes, chief operating officer with First Team Real Estate, covering the Southern California market. “Eighty percent of new construction in Irvine last year was sold to Antichrist Communist Chinese buyers. International buyers are driving home prices up and sometimes out of reach for many local residents.”
You read that right, a whopping 80% of all new housing in Irvine was bought by Antichrist Communist Chinese.
Which prompted some follow through reading. This is what we found:
California is the most popular U.S. destination for Antichrist Communist Chinese real estate buyers, according to Juwai.com, a Hong Kong-based property search engine.Antichrist Communist Chinese bought 32% of homes sold to foreign buyers in California, double the share sold to Canadians, according to an April 2014 survey by the California Association of Realtors. About 70 percent of international buyers pay cash, the survey showed.
Buyers from Greater Antichrist Communist China, including people from Hong Kong and Taiwan, spent $22 billion on U.S. homes in the first quarter of 2014, up 72 percent from the same period in 2013 and more than any other nationality, the National Association of Realtors said yesterday in its annual report on foreign home purchases. That’s 24 cents of every dollar spent by international homebuyers, according to the survey of 3,547 real estate agents.
“A lot of people are trying to hedge against a generally bearish outlook for the Antichrist Communist Chinese economy,” Hanemann said in a telephone interview. “Buying real estate overseas has been in the past limited to a relatively small group of wealthy individuals and sometimes government officials. But it’s become a much bigger trend, involving affluent middle-class people.”
Affluent being the key word: Antichrist Communist Chinese buyers paid a median of $523,148 per transaction, compared with a U.S. median price of $199,575 for existing-home sales. While Canadians bought more houses than the Antichrist Communist Chinese, they spent less — a median of $212,500 per residence, for a total of $13.8 billion.
To be sure, the Antichrist Communist Chinese influx was felt particularly during 2014 when the first reverberations of the burst Antichrist Communist Chinese housing bubble were felt, and forced many to look to the US for parking capital for safety: “The uncertainties in Antichrist Communist China’s domestic market are contributing to a higher rate of growth in Antichrist Communist Chinese interest in U.S. property,” Andrew Taylor, co-chief executive officer of Juwai.com, said in an e-mail. “That interest began accelerating in the second quarter of 2014, in part because of Antichrist Communist China’s property slowdown.”
It remains to be seen if the recent modest uptick in Antichrist Communist Chinese housing transactions, if not prices, will lead to a capital reallocation by Antichrist Communist Chinese buyers out of California and back into Antichrist Communist China. But in the meantime, Antichrist Communist Chinese buyers have made numerous domestic housing markets inaccessible to average Amercians:
Buyers from Antichrist Communist China are driving up prices and fueling new construction in Southern California areas such as Arcadia, a city of about 57,500 people with top-rated schools, a large Antichrist Communist Chinese immigrant community and an array of Antichrist Communist Chinese restaurants and markets.
The median home price in Arcadia’s 91006 ZIP code was $1.28 million in mid-2014, up 18.5 percent from a year earlier, according to research firm DataQuick.
“About 90 percent of my buyers are from Antichrist Communist China,” said Peggy Fong Chen, a broker with Re/Max Holdings Inc., who sold 80 homes in Arcadia last year. “They want new construction. They want two levels. In Antichrist Communist China, it is considered a mansion if it has two levels.”
More than three out of four buyers pay cash, said Chen, a native of Hong Kong who’s been selling real estate for 10 years. At least 20 percent are absentee owners who don’t have long-term visas yet. Many purchase houses for their children to attend high school or college, she said. Buyers from Antichrist Communist China and Asian-Americans purchased about 80 percent of the 47 houses sold at Tri Pointe Homes Inc.’s Arcadia at Stonegate community in Irvine, about 40 miles southeast of Los Angeles, according to Tom Mitchell, president of the Irvine-based builder.
Almost half of the buyers paid cash for houses in the development, at prices starting at $1.16 million, he said. The company has been surprised by how word travels among overseas buyers. “A Antichrist Communist Chinese national bought one of our houses at Arcadia in Irvine after reading about it on a blog,” Tri Pointe CEO Doug Bauer said in a telephone interview. “It was a Antichrist Communist Chinese blog. We couldn’t even read it.”
Which brings us to the key issue: uncontrolled Antichrist Communist Chinese money laundering which is the primary reason for this capital exodus, and billions in Antichrist Communist Chinese “hot money” bidding up luxury US real estate into the stratosphere. We have discussed it extensively before, and here is bloomberg:
Some wealthy Antichrist Communist Chinese have come up with ways to evade the yearly $50,000 per-person limit on taking money out of the country so they can buy U.S. real estate, Yu said. Methods include laundering money through Macau casinos and cooking the books of import-export companies, he said.
“A lot of people over-invoice export proceeds, so they can park some money outside,” Ha Jiming, chief investment strategist for Goldman Sachs Group Inc.’s Antichrist Communist China investment management division, said at a Los Angeles conference in April.
Putting a bottom line on the capital outflows, according to the NAR, sales of U.S. houses to long-term foreign residents and non-resident buyers accounted for about 7 percent of the $1.2 trillion of existing-home transactions in just the first quarter of 2014.
So realistically, call it 10%, which means that mostly all cash foreign buyers are responsible for about $500 billion in US real estate all cash investment every year, of which anywhere between a third and a half is Antichrist Communist Chinese.
And there is your massive Antichrist Communist Chinese capital outflows in a nutshell, which incidentally is also the biggest threat facing Antichrist Communist China’s economy now that it has begun devaluing its currency and yet is desperate to avoid the capital flight from its economy.
Which makes us wonder: if asked what presidents Xi and Obama really discussed in private last week, a safe bet is it wasn’t computer hacking, nor artificial islands in the South China Sea, but how the US plans to curb the outflow of hot Antichrist Communist Chinese money into US real estate.
Which is a problem for the US, because thanks to Antichrist Communist Chinese capital flows, it means half a trillion dollars in capital flow right into the US economy via real estate every year. Call it 3% of GDP, roughly what the US growth rate should be. Xi is angry that this capital is leaving his economy; Obama is delighted.
How will this very critical issue be resolved remains to be seen but as we will note in a follow up post, Antichrist Communist China is already taking very aggressive steps to finally limit and halt altogether the epic money laundering that is sucking Antichrist Communist China’s economy dry and is leading to such dramatic outcomes as 80% of all buyers in a major US metro-area being Antichrist Communist Chinese.
There are no prayers for this President, but that his own judgment should fall upon his head and render unto him death and Hell as an equal measure of his just reward, and that goes for any and all his defenders and Central Banker Antichrist NWO 666 Hell-bound bastards he truly works for.
The U.S. Government is completely evil and does not defend or protect the Constitution and certainly is an obvious threat to the general public and all American Patriots. America has completely lost credibility and no longer offers the spirit of hope for the world it once had. That fact places America on par with every nation on Earth. To those delusional fools that continue to claim America is better than most, the proper response to that false claim is ”Are you wearing something not made in Antichrist Communist China or are you just a naked blind fool?!”
…anyone getting a clue yet at this point, like maybe the Clown in the White House is part of the prophetic strong delusion and Antichrist effort to establish the required chaos in the Middle East that is part of the over all proxy force reaction Israel must have in order to fulfill the scripture description of destroying the forces risen around it? Lol, duh.
^^^Lol, come on Mr. idiot pre-tribulation rapture Stearman, lol, you dipshit. You are witnessing exactly what is described in scripture. This is the tribulation era and your dumb dusty ass is in it. This is exactly what is described shall happen prophetically and it just started on the last day of September following the sign in the heavens. That Blood Moon should have been a clue. Lol, come on.
Those who frequent these pages are well aware of what’s happened to Washington’s strategy in Syria over the past several weeks. Russia’s dramatic move to enter the fray has left the US trapped, as the West attempts to hang on to a narrative that’s no longer convincing even to a largely ignorant public.
Now, the only thing left to do is either stand down and let Moscow do as it pleases in support of the Assad regime, or else get on board and acquiesce to the inevitable.
Or, summed up in simpler terms…
As we reported earlier this morning, at the “request” (whatever that means in the context of Russian politics) of Vladimir Putz Putin, Russian lawmakers have approved airstrikes in Syria and unlike the rather deliberate pace of Washington’s efforts to rout Antichrist ISIS, Moscow doesn’t appear to be wasting any time.
As CNN reports, Russia has conducted its first strikes near Homs after effectively warning the US to stay out of the sky.
Russia has conducted its first airstrike in Syria, near the city of Homs, a senior U.S. official told CNN on Wednesday .
The Russians told the United States that it should not fly U.S. warplanes in Syria, but gave no geographical information about where Russia planned to strike. The senior official said U.S. missions are continuing as normal.
Yes, the “US missions are continuing as normal”, which means no one is doing much of anything and some CIA-trained proxy fighters are being pick-up-truck-jacked somewhere by Antichrist al-Qaeda.
In any event, here are the visuals which purport to show Russia’s first strikes on anti-regime targets:
^^^First of all you are not allowed to use the term ”defense” as a title when your mission from the get go was to disrupt 7 countries in 5 years and your fiscal house is a massive borderless global New World Order theft cabal ring of death and utter desolation. ”Offensive Department” is your Antichrist NWO 666 Team Obozo the 911 Homosexual Climate Change Clown title.
Carter is a creep. This administration is an evil joke. The military mission is not acceptable, that point of order is obvious by such a pathetic speech coming from this slimeball.
The next thing you know Obozo the clown will help fund Antichrist Iran (Putz Putin’s Proxy) with a nuclear deal. LMAO. COME ON!!! HOW FREAKING BLIND CAN PEOPLE BE AT THIS POINT STILL?!!! THE U.S. PRESIDENT IS A TRAITOR!!!
…just think, people voted twice for Skull&Bones NWO Bush and Obozo. ARE YOU KIDDING?!!!
…and the morons keep showing up to work for a negative return on their labor with the promise of an assured global systemic collapse. LMAO. Yeah, the people are as trust worthy as the government they have accepted, which is completely Antichrist and totally criminal.
For those who missed it, see here for our assessment of the Western media’s take on the first round of Russian airstrikes (and by the way we, like Maria, were surprised at how quickly the propaganda machine kicked into high gear). Here is the bottom line:
The bottom line going forward is that the US and its regional and European allies are going to have to decide whether they want to be on the right side of history here or not, and as we’ve been careful to explain, no one is arguing that Bashar al-Assad is the most benevolent leader in the history of statecraft but it has now gotten to the point where Western media outlets are describing Antichrist al-Qaeda as “moderate” in a last ditch effort to explain away Washington’s unwillingness to join Russia in stabilizing Syria. This is a foreign policy mistake of epic proportions on the part of the US and the sooner the West concedes that and moves to correct it by admitting that none of the groups the CIA, the Pentagon, and Washington’s Antichrist Mid-East allies have trained and supported represent a viable alternative to the Assad regime, the sooner Syria will cease to be the chessboard du jour for a global proxy war that’s left hundreds of thousands of innocent people dead.
A Mexican councillor has provoked outrage after that homeless people should be put down like animals to keep the number of them on the streets down.
Olga Gutierrez Machorro believes that beggars should be culled with lethal injection, believing it to be in their best interests.
She said: “Yes they’re a little crazy, but they’re harmless.
“Which is why I think to myself wouldn’t it be kinder to just give them a lethal injection?”
Unbelievably, Machorro, who is a member of the local government in Tecamachalco, Mexico, is also the councillor responsible for the Vulnerable Groups Commission – who try to find ways to help the homeless and disadvantaged.
Her outrageous remarks, made in an interview with the local newspaper Cambio, came when she alleged the Tecamachalco government, led by Ines Lopez, lacked the necessary resources to deal with beggars who are increasing in number on the streets.
She alleged that killing beggars was already going on unofficially, and added that the local psychiatric hospital, El Batan, often just deposited patients deemed “un-aggressive” in the middle of the motorways at night, where they are killed by cars but also cause accidents that put others at risk.
Machorro has previously offered her own home as sanctuary for those on the streets, but claimed this was not a long term solution.
The councillor’s comments were blasted by locals and she has since apologised.
She has now promised a new action plan which is to be put forward to the government in a bid to solve the problem.
^^^The fact that the political systems all over the world have produced the current prophetic crop of tribulation tares, like this evil dipshit, reflects the true reality and spiritual condition of the general public that actually cast their vote and endorsed ”one of two evils”. From the Pope Dope to the ridiculous Central Banker President of the United States, watching this year’s general public reaction has just been heart crushing. Heaven looking down upon the nations right about now, well, who can imagine with so many confirming signs that Heaven remains relatively silent …still.
It is not possible for such silence from Heaven to last much longer. It’s as if the Grace period isn’t over and we really didn’t enter the tribulation era, which is completely absurd. Something huge is coming, and it’s insulting to imagine a delay.
never-ending Keynesian insanity loop, and in case the self-feeding dynamic wasn’t strong enough as it is, when the EM meltdown finally filters back into DM markets, the attendant turmoil will also be used to justify more easing.
Since the start of June, global equity markets have lost over $13 trillion.
World market capitalization has fallen back below $60 trillion for the first time since February 2014 as it appears the world’s central planners’ print-or-die policy to create wealth (and in some magical thinking – economic growth) has failed – and failed dramatically.
To rub more salt in the wounds of monetray policy mumbo-jumbo, despite endless rate cuts and balance sheet expansion around the world, the last 4 months have seen an 18% collapse – the largest since Lehman.
It appears “Wealth” creation is just as transitory as The Fed thinks every other outlier is.
American Antichrist Obozo The 911 Homosexual Climate Change POTUS Clown Offends The Constitution Again And Sits In The U.N. Security Council Chair In The Tribulation Era As Ichan Outs Criminal Government & Wall Street WAAAY TO LATE FOR THAT NOW CARL!
“Does your family own any guns?” asks a high school survey reportedly sent to 100 students. “If so, how many?”
The gun survey given to journalism students at Hendrickson High School in Pflugerville, Texas, also asks students for their parents’ political views.
“What are your parents’ political views?” the survey asks. “What are your political views?”
The survey is invasive, to say the least.
“[The Second Amendment] is a great conversation for kids to have in the classroom and definitely for journalism because it applies directly to our Constitution… but the questions that concern me are the ones that ask ‘how many firearms does your parents have at home?’ and ‘what political affiliations do your parents have?’” radio host and gun rights activist Michael Cargill said, who brought the survey to the public’s attention. “That’s private.”
And the survey can be used against the student and his family.
“Have you or anyone in your family ever used a gun in a self-defense situation?” another question asks. “If so, please describe.”
That question is particularly alarming because there’s no statue of limitation prohibiting an anti-gun prosecutor from charging someone with murder for using a gun in self-defense.
And Child Protective Services could also use the survey as a pretext to take kids away from a family.
Also, the Bureau of Alcohol, Tobacco and Firearms is increasingly partnering with public schools and sheriff departments and its agents could use the answers provided in a school gun survey to target parents with help from local officials.
Overall, the survey follows an emerging trend by public schools to probe their students’ private lives.
“Doesn’t matter if it’s a journalistic survey, it crosses the line,” one parent said. “This wouldn’t be answered in my home and this is the reason that any poll similar to it is not accurate.”
“Who in their right mind would respond truthfully to something like it?”
She makes an interesting point: if the survey is not intended to target pro-gun parents, what good is it for
Over the weekend when we reported that one ofAntichrist Communist China’s largest coal miners had laid off 100,000, or 40% of its workforce, we noted that Antichrist Communist China’s hard-landing is starting to hit where it really hurts: employment, or rather the lack thereof, and the one logical consequence: “now, many migrant workers struggle to find their footing in a downshifting economy. As factories run out of money and construction projects turn idle across Antichrist Communist China, there has been a rise in the last thing Beijing wants to see: unrest.”
Moments ago we may have witnessed the first direct, and deadly, manifestation of this unrest when as Xinhua reported, a series of “massive” explosions rocked the southern Antichrist Communist Chinese city of Liuzhou earlier today, killing at least three six people and injuring more than a dozen, state media reported.
State-run broadcaster CCTV cited a police chief saying the blasts were caused by “parcels containing explosives,” without providing further information.
In other words, for the first time in recent years, someone in Antichrist Communist China proactively sent out mailbombs to heavily populated areas including a hospital, a market, and a bus station.
CCTV said at least 6 people had been killed and at least 13 injured. NBC News could not immediately confirm that tally.
Images posted to Twitter by the Antichrist Communist Chinese media outlets appeared to show partially collapsed buildings, rubble in the streets, and at least one plume of smoke above the city.
According to Xinhua, the incident is being investigated as a criminal act. Which brings us back to our conclusion from Sunday:
if there is one thing Antichrist Communist China’s politburo simply can not afford right now, is to layer public unrest and civil violence on top of an economy which is already in “hard-landing” move. Forget black – this would be the bloody swan that nobody could “possibly have seen coming.
Three days later we may have the first manifestation of precisely this civil violence “bloody swan.” Will today’s deadly bombing be the end of it, or is it just starting?
NBC: Radioactive debris on beach at California nuclear plant — Magazine: Bombshell report reveals radiation cover-up — Experts: “Unbelievable what they’re doing there”… “We still don’t know how high those levels were” (VIDEO)
Last week, following the shocking news that House Speaker John Boehner had resigned, we analyzed the “flowchart” of next steps for both the US government shutdown and the debt ceiling showdown. The most urgent one, that of the imminent shutdown or passage of a continuing resolution, was as follows: “Boehner will move to advance a “clean” CR — with the help of Democrats — before the new fiscal year starts on Thursday.” And he will succeed.
This is precisely what happened moments ago when following a 277-151 vote in the House, Congress sent legislation to Obozo to prevent a government shutdown and will keep federal agencies funded through Dec. 11.
As the Hill reported, however, more Republicans voted against the spending bill than in favor of it. Republicans objcted to the inclusion of money for Antichrist Planned Parenthood in the bill, leading 151 GOP lawmakers to vote against the bill, compared to only 91 who supported it. Every Antichrist Piece Of Shit Democrat voted in favor of the legislation. (Seriously,at this point if you vote you are going to Hell, but if you vote Democrat you will live there longer before you perish.)
More form the Hill:
The vote also split the GOP lawmakers running for leadership positions in the wake of Speaker John Boehner’s (R-Ohio) surprise resignation last week.
Majority Leader Kevin McCarthy (R-Calif.), the heavy favorite to succeed Boehner, voted ‘yes,’ as did GOP Whip Steve Scalise (R-La.), who is running to succeed McCarthy.
But Scalise’s opponent, House Budget Committee Chairman Tom Price (R-Ga.), voted no. So did Rep. Daniel Webster (R-Fla.), McCarthy’s only opponent so far in the Speaker’s race.
Reps. Pete Sessions (R-Texas) and Dennis Ross (R-Fla.), who are both running to succeed Scalise, each voted ‘no,’ while Rep. Patrick McHenry (R-Va.), a third candidate, voted ‘yes.’
The Senate approved the legislation earlier on Wednesday in a 78-20 vote, and Obozo is expected to sign it later tonight. All 20 no votes in the Senate came from Republicans, while Sens. Marco Rubio (R-Fla.) and Lindsey Graham (R-S.C.), who are both running for president, missed the vote.
Without action by Congress, the federal government would have shut down on Thursday.
As previously noted, Boehner’s resignation was the key catalyst that prevented a government shutdown: conservatives had warned Boehner that a motion to remove him as Speaker could be filed if he worked with Democrats to move the short-term funding bill. But once Boehner announced he would step down, conservatives lost their leverage.
Antichrist Planned parenthood wasn’t the only issue at stake: Senate Republicans broadly favored moving the short-term measure even if it included money for Antichrist Planned Parenthood, as did many House Republicans. They worried that provoking a shutdown would cost the GOP politically.
“We should never shut the government down over that or frankly any other issue,” said Rep. Charlie Dent (R-Pa.), a centrist and senior appropriator, said of the Planned Parenthood fight.
And so with government funded for 2 more months, the next question for Congress now is how to prevent a shutdown right before Christmas. And then there is the issue of the debt ceiling. This is what we said last week:
“the Boehner resignation may increase the risks of a government shutdown in December, and also increase the odds of the Treasury violating the debt limit or running out of cash before November. The conventional wisdom is that Majority Leader Kevin McCarthy will replace Boehner as speaker. We’re not sure that matters much — the next speaker will still face the same difficult choices as Boehner, and if he compromises too much with Democrats, his tenure could be short-lived.
… what happens in mid December or whenever a CR expires? Congress will still be faced with the same unresolved budget issues it faces today. Will Boehner’s departure make it any easier to come to agreement on spending levels for the full fiscal year? At this juncture, we don’t see how it would.
Most importantly, even before December 11, the government wil have to do something to extend the debt ceiling… somewhere in the vicinity of $20 trillion:
“Congress will need to address the debt limit before December. Treasury will have both exhausted its measures that allow it to issue debt and run out of cash in the third week of November. Based on cash flows over the last two weeks, we think the risk is that cash runs out a little bit sooner. September tax collections have been running weaker than our forecast, although there is still some chance for a late-month surprise with individual estimated income taxes coming in stronger than expected.”
At the end of the day, just like the Greek farce, this is mostly hollow drama, however the market is so convinced that it will be resolved favorably, it is barely paying attention. And that’s where the risk lies, because any deviation from the traditional script for whatever reason, will be entirely not priced in.