Look out your window, this is what a collapse looks like

This is what happens when the underlying currency is collapsing

Whether in your county courthouse and legislative buildings, the Capitol, your church, MSM, the Jew synagogue-controlled alt-media, or on the street, people love lies and are infuriated when confronted with contrary thoughts. Up is now down, black is now white, and Jesus loves everyone.

Ipso facto, an economic and moral collapse translates into a financial bonanza for the asset owners. Even lenders are missing the bigger picture and are still willing to lend at 7% when the entire fiat money system collapses in front of us.

The reader may think house prices are out of control, but when I calculate prices based on rents, house values are not all that relatively expensive.
Monetary collapses translate into higher asset prices

Indeed, this is one important concept to keep in mind; monetary collapse translates into ever higher asset prices and the costs of living can become absolutely mind-blowing and punishing for those who collect wages and live on fixed incomes.

It’s not the other way around; asset prices only fall when a currency becomes more dear to holders. This is certainly not the case anymore and all we have to do is observe the amount of sovereign debt generation.

Most people under 40 can no longer afford to purchase a home under traditional circumstances, and while normally this would mean that house prices would correct, this is not the case anymore as there are other dynamics at play.

The system is currently collapsing as we speak and by the time it’s all through a fair percentage of the population will be living in their vans and will be hopelessly dependent on government programs for the basic necessities. I’m not talking about in the distant future either, I’m talking about by the end of the decade.

The fraud is transparent, because the people are stupid and immoral

But those in control don’t care anymore what we think. In recent testimony, token goy, Jerome Powell said it himself;  he’s not seriously considering the residential real estate market when it comes to determining monetary policy. His bosses don’t care what we think.

In the wake of the bogus COVID-19 pandemic, none of the actions by the federal government, working in tandem with the Federal Reserve, were mistakes. This blog knew four years ago what the outcome was going to be for asset prices.

In order for these powers to achieve their objectives for the Great Reset, there needs to be tens of trillions of dollars spent, and the only way this money can be found is by indirectly taxing the citizenry through inflation. As the outcome of this multi-generational transformation comes into view, these powers will become less concerned about the ramifications of their actions.

What restrictive monetary policy?

The powers that be continue to loosen their ostensible restrictive monetary policy by adding trillions to asset prices. These instant billionaires don’t need to go out and borrow at 7%. They can leverage their hefty stock portfolios and large stashes of newly generated US Treasuries to pay cash for the single family house down the street from where you live. They don’t even care anymore about the prices they pay. Why? They already know in advance where prices will be going. They’re out there buying everything, including farmland, all sorts of real estate, sports teams, and companies that make their money off of government programs.

Ask Central and South American citizens what they think of their country’s monetary and fiscal policies going back over the past 50 years and observe what their asset prices have done. What is taking place now in the United States is not much different than what is occurring in Argentina. The only difference is that the United States still has the ability to monetize its debt in-house via quantitative easing and its satanic offshoots. This has the effect of alleviating price inflation for now.

The triumphant success of QE depends on an unwashed and immoral citizenry. It depends on a sleeping church. The long-term success of QE is predicated on the self-obsessed behavior of the populace. It depends on blacks hating whites. It’s wildly successful, because the Jew synagogue of Satan remains invisible.

Anyone who’s been listening to this blog and its iterations have been financially soaring above the simple stupid people. I’ve been asked on many occasions to write articles discussing economic collapses and the blog hosts wanted me to talk about stock and asset market crashes. I told them to forget about it.

The collapse continues, look out your window. Don’t waste your time trying to wake up the people anymore; they love their false reality, even if it means ending up in the lake of fire and dying long painful deaths from injections.

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6 thoughts on “Look out your window, this is what a collapse looks like

  1. As SFR investors, we hope these sundry initiatives are passed into law. These measures only stimulate demand and raise equilibrium prices. I love the Democrats! I am voting for Biden or any mixed-breed Schvartze in 2024. ✡️✡️💩💩💩

    Look at what all these dark colored mayors have done to their cities. They welcome anyone who is not Caucasian from anywhere around the world. They hate societies that we’re built by Western white European people, even if it means slicing their own throats.

    Biblically cursed and polluted minds bring misery and woe to the citizenry. Avoid these areas and move to Caucasian areas. Low crime and taxes. People are nice and don’t drive aggressively like they do in Prince George’s County, a county with only 10% Caucasians.

    The biggest winners and losers in Biden’s housing plan — from first-time home buyers to developers

    President Joe Biden used his State of the Union address on Thursday night to reveal his administration’s plan to ease housing costs in the U.S. These are the early winners, and potential losers, according to experts.
    By Aarthi Swaminathan

    First-time home buyers and renters to see the biggest gains, while repeat buyers and home sellers will potentially be left out

    President Joe Biden used his State of the Union address on Thursday night to reveal his administration’s plan to ease housing costs in the U.S.

    Biden’s address introduced several policies aimed at addressing worsening housing affordability, including an annual tax credit of $400 a month for home buyers over the next two years that’s designed to reduce their monthly payments as mortgage rates come down. There’s also a plan to eliminate the fees that homeowners pay when they refinance their mortgages, which could save them $1,000 or more.

    Renters weren’t left out: Biden said he would address “price fixing” by big corporate landlords, which he said is driving up rents, and cut red tape so that builders can build more housing to help bring down rents.

    Critics said the proposed policies will only inflate housing demand further and worsen housing affordability. Supporters lauded Biden’s effort to help families shut out of homeownership.

    “I’ve been in housing finance and affordable housing for 50 years now … and the federal government has come up with 42 programs over the last 80 years and every one of them says it is going to solve the problem, yet the problem just gets worse,” Ed Pinto, senior fellow and co-director of the conservative-leaning American Enterprise Institute, told MarketWatch.

    On the other hand, the National Association of Home Builders, an industry group, praised Biden for making housing and homeownership a top national issue.

    “Many of the initiatives proposed by the president … are important steps forward to address a national housing shortage of roughly 1.5 million units and to boost housing affordability,” Carl Harris, chairman of the NAHB and a custom-home builder from Wichita, Kan., said in a statement.

    Many of Biden’s proposals, like the tax credit for first-time home buyers, would need congressional approval before they become a reality, said Jacob Channel, senior economist at LendingTree.

    And “given how dysfunctional Congress is, the unfortunate truth is that many of the things we need to do to make housing more affordable probably won’t be implemented anytime soon,” he added.

    Here’s an early look at who stands to likely benefit from Biden’s proposed housing plan — and who potentially won’t.

    Winners: First-time home buyers, home sellers with starter homes, and renters

    The Biden administration proposed a mortgage-relief credit to offset the effects of 7% mortgage rates.

    The policy, if approved by Congress, would provide first-time home buyers an annual tax credit of $5,000 for a year, or two years. The tax credit would be the equivalent of reducing the mortgage rate by more than 1.5 percentage points for two years on a median-price home, the White House estimated.

    That’s roughly $400 a month that home buyers can put toward their mortgage, Biden said in his speech Thursday night.

    Biden said the credit is aimed at “middle-class” buyers, but did not detail exactly which income levels would qualify for the credit.

    The median sale price of a home in early March was nearly $370,000, according to a report by real-estate brokerage Redfin. At a 30-year mortgage rate of 6.94%, that’s roughly a $2,700 monthly mortgage payment.

    A $400-per-month tax credit would lower that payment to $2,300, which would make it easier for families not only to qualify for a mortgage, but also to comfortably afford a home.

    Also pending congressional approval, Biden’s housing plan would provide up to $25,000 in down-payment assistance to first-time buyers considered to be first-generation homeowners, meaning that their parents don’t own a home.

    “Targeted first-generation down-payment assistance would open doors of opportunity for families who have not benefited from intergenerational transfer of wealth,” Mike Calhoun, president of the Center for Responsible Lending, said in a statement.

    Though people of color have made significant strides in homeownership, Black Americans continue to lag behind. The gap between Black and white homeowners continues to be higher than a decade ago, the National Association of Realtors found in a recent report.

    A down-payment assistance policy aimed specifically at first-generation buyers “would help narrow the racial homeownership and wealth gaps,” Calhoun added.

    The White House did not respond to a request for comment on who would be defined as middle class, who would be defined as first-generation home buyers and how applicants for the programs would be vetted.

    Pinto noted that from his analysis of how programs like this have worked in the past, they usually rely on an honor system, which could be problematic. “You declare that you are a first-generation home buyer to the lender,” he said.

    In other words, such assistance programs in the past have been structured that way so that lenders don’t have to be put in the position of verifying a borrower’s backstory.

    For instance, California recently launched an effort to provide affordable loans to first-generation home buyers, in which it defined them to be buyers who have neither been on a title, held a homeownership interest nor been named on a mortgage in the U.S. in the last seven years. They also “to the best of the home buyer’s knowledge” do not have parents who own a home in the U.S.

    “There’s no way to prove it with any certainty, so the only way to do it is you have to assert that you’re a first-generation buyer, and the lender gets to rely on that, and that’s the way that legislation was written in Build Back Better,” Pinto added, referring to Biden’s agenda in 2021.

    Another of Biden’s proposals, which would also need congressional approval, would provide a $10,000 tax credit for middle-class families that sell their starter home. The White House did not respond to a query about how it defines a starter home specifically, but in a fact sheet about the housing plan it referred to starter homes as “homes below the area median home price in the county.”

    Starter homes typically refer to smaller, more affordable homes. In a 2022 MarketWatch op-ed, Jerry Konter, then-chairman of the NAHB, wrote that entry-level housing is increasingly difficult to build because of supply-side issues such as expensive building materials and regulations such as zoning laws and building codes, among other factors.

    Renters also stand to benefit from Biden’s proposed policies to cut out so-called junk fees related to rental housing and to build more affordable housing. Eliminating such fees would affect the vast majority of renters, who frequently face application fees, fees for trash pick-up, fees for pets and more — all charged by their landlord or property manager.

    “President Biden has elevated the challenges facing renters and the need for solutions more than any other president in recent history,” Diane Yentel, president and chief executive of the National Low Income Housing Coalition, said in a statement.

    “His proposed actions … [are] a major win for renters nationwide who have been struggling with sky-high rents and who are at increased risk of housing instability due to the power imbalance between landlords and renters,” she added.

    Low- to middle-income renters will see further benefits from the plan to build more affordable housing, as Biden is calling for an expansion of the existing Low-Income Housing Tax Credit to build more affordable rental units. Tenants in these units pay subsidized rent.

    “As an organization working toward increasing access to affordable homeownership in the U.S., it is clear that we cannot simply build our way out of this crisis — legislative action is also needed,” Chris Vincent, vice president of government relations and advocacy at Habitat for Humanity International, said in a statement.

    Losers: Repeat and higher-income home buyers, homeowners who aren’t in a starter home, and buyers who can’t prove they’re first generation

    Conversely, looking at who stands to lose from Biden’s proposed policies, one could sum it up to be anyone but first-time home buyers and sellers with a starter home, experts told MarketWatch.

    First-time buyers form only 32% of the market, according to the National Association of Realtors. The typical first-time buyer was 35 years old, while the typical repeat buyer’s age was 58.

    Homeowners who don’t own starter homes would also miss out on the seller credit, which would mean that in markets where starter homes are scarce, the tax credit would not meaningfully impact supply.

    It would instead increase demand even more and exacerbate the housing deficit, Pinto said. “This proposal would increase demand for starter homes, thereby driving up prices,” he explained.

    And “since money is fungible,” Pinto added, with these tax credits, people “will have additional purchasing power to use to bid up the price of homes that are in short supply.”

    Furthermore, “a $400 tax credit might make it easier for some to get into the market, while further reducing housing supply and making it harder for others to buy,” LendingTree’s Channel said.

    And while tighter regulations imposed on rental housing could ease costs for renters, they could also drive up costs for landlords who may see their rental income fall, which could have unintended consequences, he added.

    1. These proposals only stimulate demand while not encouraging builders to build more houses. I only see housing prices and rents going to the moon.
      Throwing crumbs to the reprobate masses who are asses brings gold coins to the top 10% that owns assets.

      Even though I hate the Democrats, I think the polls are fixed for them to win.

  2. Employment numbers look okay even though payrolls exceeded expectations. The unemployment rate rose to 3.9%. hourly earnings came in slightly light.

    Private Nonfarm Payrolls (Feb)
    Act: 223K Cons: 160K Prev: 177K

    Average Hourly Earnings (YoY) (Feb)
    Act: 4.3% Cons: 4.4% Prev: 4.4%

    Average Hourly Earnings (MoM) (Feb)
    Act: 0.1% Cons: 0.2% Prev: 0.5%

    Average Weekly Hours (Feb)
    Act: 34.3 Cons: 34.3 Prev: 34.2

    Government Payrolls (Feb)
    Act: 52.0K Cons: Prev: 52.0K

    Manufacturing Payrolls (Feb)
    Act: -4K Cons: 10K Prev: 8K

    Nonfarm Payrolls (Feb)
    Act: 275K Cons: 198K Prev: 229K

    Participation Rate (Feb)
    Act: 62.5% Cons: Prev: 62.5%

    U6 Unemployment Rate (Feb)
    Act: 7.3% Cons: Prev: 7.2%

    Unemployment Rate (Feb)
    Act: 3.9% Cons: 3.7% Prev: 3.7%

    1. Once again, the Household survey differs greatly from The Establishment survey. In this regard, the Household data from the BLS indicate;

      The civilian labor force rose +150k
      The number of employed fell -184k
      The number of unemployed climbed +334k


      Thus, the unemployment rate rose to 3.9% as the unemployment rate is determined off the household survey data.

      Once again, statisticians seem to work their magic at the BLS to show a much rosier employment scenario than what the actual numbers on the street indicate.

  3. People nowadays prefer comfortable lies instead of hard truths. Satan thrives on spinning comfortable lies to those who refuse to face reality. This is especially true of the younger generation. Most people today are self entitled and believe they should not have to earn the things they want. Those up top take advantage of the average Joe’s excessive spending beyond their means knowing it will flow to the top.

    1. Daddy Bush once famously said, trickle down theory is actually trickle up reality; the wealth flows into ever whiter, righter, and tighter hands.

      Indeed, daddy Bush was absolutely correct. All of the multicoloreds and mulattos are just useful idiots to be harvested and herded. All of that deficit spending that is supposedly there to help the downtrodden is only a guise. All of that spending ends up on the balance sheets of the wealthiest.

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