I am dumbfounded by the amount of people I talk especially the whites how financially illiterate they are. Its amazing what happened to these people. No concept of how money works and how to use it properly. Its a tool to use .
Drew
Indeed, money should just be used as a tool to help us manage our lives and guide us through our earthly affairs. Jesus ordered his disciples to go into the market and buy meat for their meals. Jesus wasn’t a communist and neither should we be. Money isn’t the root of all evil, it’s the love of money that has undone this world.
Ignorance and ungodliness power the New World Order
That’s right; The country isn’t collapsing, it’s transforming.
Here’s the big open secret to financially succeeding in the New World Order; It’s not a conspiracy and it’s simple to understand for those with eyes to see and the ears to hear.
Broken hopes and dreams, depression and despondency, suicide, drug and alcohol abuse, dysfunctional families, miscegenation, impulsiveness, self-indulgence, egosyntonic dysfunction, sexual obsessions, personal ignorance, as well as financial and personal bankruptcy, all work to expand the economy to the benefit of the asset owners.
The less aware and more self-absorbed the average Joe becomes, the less competition he poses to the establishment. This collective oligarch exploits the people’s vulnerabilities to weaken them, so they can extract their wealth and diffuse their power.
This wealth ends up on the balance sheets of the elites. Indeed, those who promote degeneracy and self-indulgence are feverishly consolidating their wealth and power over the rest of the world. The economy expands as borrowing and financial recklessness is rewarded.
A psychological version of the broken window fallacy
I think of it as a modification of the broken window fallacy. Does someone breaking a window and having it fixed expand the economic output?
Well, under a system of fair weights and measures, we would consider that a wasteful transaction. Under a financial system that we currently find ourselves enslaved under, it pays to break windows.
The open secret is that we should look to the degeneracy as a way to profit. However, it is imperative that we do not become like the heathen and that we separate ourselves from this earthly degeneracy. Once we become like the rest of humanity, we damn our financial and spiritual prospects. For instance, while alcoholism and drug abuse expand our economy, we mustn’t drink nor take any drugs.
As long as we don’t fall into the traps of personal fiscal profligacy, as long as we don’t destroy our families, as long as we spend within our means and invest for the future, we make out. And we will move further ahead the more degenerate everyone else becomes.
It is important to recognize that degeneracy is profitable
However, it is vital that we recognize this self-generating economic dynamic. We mustn’t become demoralized and conclude that everything is hopelessly collapsing. We must recognize that the economy continues to transform and that degeneracy is rewarded for those who can exploit society’s unwitting victims.
Moreover, unless they have the spirit of our Heavenly Father, I have no sympathy for them, since their predicaments and bleak prospects are ultimately their doing anyway.
While I don’t actively seek to exploit these sad sacks, the reckless spending that results raises the prices of stocks, houses, Bitcoin, gold, and the price of food at the grocery store.
Yes, society’s degeneracies makes life much more difficult for reasonable people like you and me, and this is why it is imperative that we own the income generating assets. It’s the only way that we can stay ahead.
So, don’t feel guilty about not caring anymore for those who continue to self-sabotage and destroy their lives. I have no sympathy for drug addicts and alcoholics, unless they seek the guidance of that higher power to shake off their demons.
Here’s a piece of advice to my younger readers; stick with your own kind. You need to understand that our adversary promotes miscegenation. That’s because these mixed marriages are less likely to stay together and their offspring that are spawned end up weaker and more confused, since they don’t have a common heritage. Thus, the heritage is given to them by the liberal establishment media.
I recognized this phenomenon long ago. That’s why I am the landlord. I don’t have to worry about how AI will upend my life. I leave all of that consternation to my sodomite loving tenants.
Under our current financial and monetary system, we should embrace how screwed up everyone has become, because it helps asset prices.
Degeneracy won’t bring collapse. Degeneracy will bring transformation and wealth consolidation. Just don’t be an ignorant degenerate.
Singapore had a few tyrannical crazies in charge.
The leader of a law society said there should be bounties on the unvaxxed, and people should drag them to a vaccination center. He died of turbo cancer a few years later- kovid karma.
Another politician in Singapore said the unvaxxed should be caned.
The father of Baby Will (famous case of an NZ child that needed surgery but they said he would have to accept vaccinated blood transfusions) said Bill Gates met horse face for hours and said she must hold the line on this case, no matter what. Apparently Bill Gates is NZ’s #1 health adviser.
Bill Gates and Tedros flew into Singapore after the election and installed updates in the new leader. They are all selected, not elected.
https://rumble.com/v6wnods-iris-koh-singapore-court-case-update-and-book-preview.html?e9s=src_v1_ucp_a
Powerful truthful messages in this article. Bars, gambling slot businesses, smoke shops, pot shops, fast food places are near almost every street in my area. Apartment complexes are very expensive to live in now, zero affordable houses to buy that aren’t tear downs.
Homeless percentage is increasing, there is a State grant that pays for them to be put in vacant hotel rooms. Indians by the last name of Patel runs hotel industry. The people that run these businesses are rewarded, some elected to city council, make speeches at school and church events. Not hard to see how it all comes together.
More liquor license, more entertainment places are being approved. If someone makes a mistake gets in trouble, DUI, domestic violence, loses job, they can end up on the street faster than ever before.
I wonder how these places are staying in business, other than some sort of secret funding for lease, payroll, taxes, utilites, etc. how many bars do we need and are that many beers being sold to keep it in biz. The pot shops have really put me in a state of shock, since some of my friends back in the day got in serious trouble for having a joint or dimbag on them. And now one can simply walk in to these places show their ID and order tons of pot with no hassles.
I don’t know how to stop it, other than to avoid it all.
I have been loading up MBOT and EKSO
Sold most EKSO.
Bloomberg – The US and European Union agreed to a deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.
The pact comes less than a week before a Friday deadline for President Donald Trump’s higher tariffs to take effect. The president in May threatened to impose a 50% duty on nearly all EU goods, adding pressure that accelerated negotiations, before lowering that to 30%.
Trump announced the deal Sunday after a meeting with European Commission President Ursula von der Leyen. He said the charge would cover automobiles. The European leader said the rate would be “all inclusive,” though Trump said later it did not include pharmaceuticals and metals. Steel and aluminum “stays the way it is,” the US president added.
“I think that basically concludes the deal,” Trump told reporters at his golf club in Turnberry, Scotland. “It’s the biggest of all the deals.”
Von der Leyen said the agreement “will bring stability” and “it will bring predictability.”
According to the US president, the EU agreed to
•purchase $750 billion in energy,
•invest $600 billion in the US on top of existing investments,
•open up countries’ markets to trade with US at zero tariffs, and
•purchase “vast amounts” of military equipment.
The transatlantic pact removes a major risk for markets and the global economy — a trade war involving $1.7 trillion worth of cross-border commerce — even though it means European shipments to the US are getting hit with a higher tax at the border.
The goals, Trump said, were more production in the US and wider access for American exporters to the European market. Von der Leyen acknowledged that part of the drive behind the talks was a rebalancing of trade, but cast it as beneficial for both sides.
“The starting point was an imbalance,” von der Leyen said. “We wanted to rebalance the trade we made, and we wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow.”
US and European negotiators had been zeroing in on an agreement this past week. Officials have discussed terms for a quota system for steel and aluminum imports, which would face a lower import tax below a certain threshold and would be charged the regular 50% rate above it. The EU had also been seeking quotas and a ceiling on future industry-specific tariffs, but it’s unclear if the initial agreement will shield the bloc from potential levies that have yet to be implemented.
The next reading will be in a couple days. I wonder what that will reveal. The incredible growth in federal government interest payments seems to have no upper limit. And the Federal Reserve doesn’t care, at least that’s what Powell said. He stated in the last FOMC press conference that he’s not concerned with that. He’s more concerned about fighting the inflation that he caused in the first place.
Here we go again . They are putting this guy down for telling the truth.
https://finance.yahoo.com/news/real-estate-broker-says-600k-173104085.html
The establishment media, owned by the inflation masters, the private central banking cartel, keep us in a state of disbelief. It keeps claiming that house prices are on the edge of an abyss.
The most straightforward way for me to determine if a house price is worth it comes exclusively based on what that property would generate in rental income.
I have properties that have climbed by at least 50% since the beginning of covid. However, the rents have risen by about 40% – 60%. After the costs of taxes and insurance are figured out (since their costs are just a fraction of rental income) I get cap rates that are consistent with historical data.
Thus, as an investment, the house price makes sense.
I just rented out a house for $2,200 (with a full market rent of $2,400) that has a market value of $375k. It was selling for 225k in 2019, while the rent in 2019 was about $1,300. I determined the cap rate is actually higher now than pre-covid. Based on historical data, the house is worth as much as $420k.
It all has to do with the rent potentials. That keeps us from being lost in the subjective debates that go on like what the article you linked to wanders into.
Corporations cannot print money. So they need to be more prudent about spending. Kind of makes sense that corporate debt may be safer, but there is always the risk of corporate income dropping.
Rising Fiscal Deficits Drive Billions Into Credit
Natasha Doff and Cecile Gutscher
In June, money managers pulled $3.9 billion from Treasuries, while adding $10 billion to European and US investment-grade corporate debt.
(Bloomberg) — Investors are showing signs of pulling money out of government bonds and plowing it into US and European company debt.
If the moves persist, money managers could be shifting what for decades has been market orthodoxy: that nothing is safer than buying US government debt. But as US fiscal deficits climb, hurt by tax cuts and rising interest costs, the government may look to borrow more, and company debt may be the safer option.
In June, money managers pulled $3.9 billion from Treasuries, while adding $10 billion to European and US investment-grade corporate debt, according to EPFR Global data. In July, investors have added another $13 billion to US high-grade corporates, the largest net client purchasing in data going back to 2015, according to a separate note from strategists at Barclays on Friday.
Michaël Nizard, a portfolio manager at Edmond de Rothschild Asset Management, started making the switch from government into corporate debt at the end of last year and is holding on to the position.
And in a note in the latest week, BlackRock Inc. strategists wrote, “Credit has become a clear choice for quality.”
To the extent this shift is happening, it’s a slow change. The US doesn’t have foreign currency debt, and can print more dollars as it needs to. When money managers were alarmed about tariff wars in April, US Treasuries still performed better than corporate bonds, even if prices for both sectors broadly fell. And foreign demand for Treasuries has remained resilient, with holdings climbing in May.
But tightening corporate bond spreads in recent months may be a function of government debt looking relatively weaker now. The US government lost its last triple A grade in May, when Moody’s Ratings cut it to Aa1. The bond rater pointed to factors including the widening deficit and the rising burden of interest, noting that payments will likely absorb around 30% of revenue by 2035, compared with 18% in 2024 and 9% in 2021.
And US President Donald Trump’s sweeping tax cut bill could add about $3.4 trillion to US deficits over the next decade, according to projections from the nonpartisan Congressional Budget Office.
At the same time, corporate profits remain relatively strong, and although there are some early reasons for caution, high-grade companies are generally generating enough earnings to easily pay their interest now. More US companies are topping earnings estimates this reporting season than the same period last year.
Valuations for company debt have been high recently, reflecting investor demand for the debt. High-grade US corporate spreads have averaged below 0.8 percentage point, or 80 basis points, in July through Thursday. That’s far below the mean for the decade of about 120 basis points, according to Bloomberg index data. Spreads for euro-denominated high-grade corporates have averaged about 85 basis points in July, compared with about 123 basis points for the decade.
To some money managers, high valuations for corporate credit are cause to be wary. Gershon Distenfeld, a fund manager at AllianceBernstein Holding LP, pared back a position that favored credit risk to rates risk earlier this month. Dominique Braeuninger, a multi-asset fund manager at Schroders Investment Management Ltd., agrees that corporate bond spreads are too tight to make them attractive.
And even if BlackRock is generally positive on corporate debt, it is underweight long-term high-grade notes because spreads are tight, while being overweight short-term credit.
But to many market observers, the world appears to be shifting, and it makes sense to hold more corporate debt now.
“What we’ve seen on the government fiscal side is not great news,” said Jason Simpson, a senior fixed income SPDR ETF strategist at State Street Investment Management. “Corporates seem to be chugging along nicely.”
Think about broken homes. Now the family members need two places to live .
The husband can live on the street if there’s a shortage. The problem solves itself.