Right mouse click here to download (duration 40:02)
-What’s next?
-The prospects of a digital dollar
-The housing market and why it’s different this time (hint: Q.E. and the race for the governments to spend as much as possible before the force majeure)
-The specifics on how the United States will end as we know it
-Areas of the country I recommend
-What I look at to verify the timeline
-Pope Francis is at it again, confusing the church hierarchy as well as the world.
-Will there be any daley?
-Adamic man vs. non-Adamic man
-In “that” day
I listened to your podcast yesterday. Great Podcast with excellent and insightful advice for these endtimes. I agree with the suggestion of getting out of the heavy populated blue states as they are crapholes and getting overrun with mongrels. I would also stay away from states where everybody is moving into such as Texas, Florida, and Arizona as those will turn blue as well. When people move to escape problems they bring those problems with them to the new place and it quickly gets spoiled rotten blue.
In your podcast you mentioned moving to New Mexico and parts of Colorado. I however see serious problems with these two states as they are both Democrat crapholes. Look at Aurora CO where migrant gangs are terrorizing apartments. New Mexico has a lot of poor Indians that vote democrat and hate white people. I would also stay out of rural Illinois as that state is continuously swayed by corrupt criminal ridden blue Chicago. I would keep clear of states that have big cities as they sway the governments of those states.
This leaves Wyoming, Montana, Idaho, Utah for the mountain states. For Appalachia I would go to West Virginia as that is definitely white and rural, and maybe Tennessee. Kentucky is a problem with the new Democrat governor. For the midwest, I would go to Indiana, Missouri(although there is big bad St Louis), Iowa, Nebraska, and Oklahoma. There are too many college yuppies moving to Kansas and that explains the election of their Democrat governor.
The problem with the USA is that more regions in the country are turning blue than ever before.
Get out of any part of the Northeast including all of New England if you have the wherewithal to move anywhere.
I said “sans” New Mexico and Colorado, meaning without or no to those two states.
Understood. I must of not heard that.
Down under, more manufactured crisis, reaction, solution. Socialized housing is the predetermined answer… All from synagogue deficit spending and monetary policy….
More Australians being ‘priced out’ of homes by big rent hikes, advocates fear
Cait Kelly
House rents in Australia have gone up by more than $14,000 a year on an average, according to research by Everybody’s Home.
Renters in Australian capital cities are on average spending nearly $15,000 more a year to rent a house since the start of the pandemic, analysis has revealed.
Research from the advocacy organisation Everybody’s Home showed on average renters in capitals are paying $14,700 more annually to rent a house, and $9,600 more to rent a unit compared with 2020.
Sydney and Perth have endured the steepest rent rises, with annual increases well above capital city averages for units ($10,452 and $14,508 respectively) and houses ($18,512 and $18,304). Adelaide and Brisbane unit rents are also above average.
Maiy Azize, a spokesperson from Everybody’s Home, said “keeping a roof over their head” is the biggest cost-of-living expense for most people in Australia.
“The steep rise in rents is pushing more people into severe housing stress and homelessness,” Azize said.
“People are sacrificing the necessities to afford the rent, living in appalling unhealthy conditions because there’s nowhere else for them to go, and ditching important life decisions because of housing insecurity.
Related: Labor’s help-to-buy housing bill is darkening parliaments’ doors again. Will this time be any different? | The Agenda
“Australians are being priced out of the cities where they work, which can affect the liveability of our cities and the quality of essential services.”
One Sydney renter, Willimena, 60, lives in a sharehouse in Eastwood with her son and two others. Their rent goes up every year.
“It went from $690 [a week] to $730 to $750 to $800 and the last one was going to be $900 but I was able to get it down,” she said. They now pay $850 after arguing no repairs had been made on the property and that they are good tenants. She is on a carer payment and works 15 hours a week at a vet clinic.
“I’m struggling to pay bills, on top of rent and groceries. There are no luxuries.”
If they get another increase, she will have to move further out, likely into another sharehouse, making it harder to get to work.
The most recent data from CoreLogic showed rents have reached a record high, with the national average now $627 a week, an 8.5% increase between May 2023 and 2024.
Azize said a shortfall of 640,000 social homes was putting extra pressure on the rental market and pushing people into homelessness.
“That is set to rise to nearly 1 million in two decades. We need to end the shortfall and turn social housing into an option for more Australians – not just a safety net for those at the margins.”
Everybody’s Home wants the government to make changes to negative gearing and the capital gains tax, Azize said.
Recent analysis by Guardian Australia showed those earning over $180,000 benefited from a quarter of all negative gearing kickbacks, lowering their collective tax bill by $1.3bn in 2021-22.
“Poll after poll shows that most voters want action on these investor tax handouts because they’re unfair and pushing up the cost of housing for everyone. Our supporters are excited by reports that Labor is open to change,” Azize said.
Coming attractions for the USA! Its already started here with illegals in certain test markets across the country. The Harris regime will put that on a fast track, if we get through the selection process. Civil unrest is only a matter of time, which could easily lead to Martial law, etc.
Great pod cast Thomas!
At the risk of raising your ire:
Armstrong has just reported that the Neocons are going to shut down the financial markets, just like in 1914 at the out break of WW1. He says around late January 2025. Further, Buffet and Dalio have reduced their holdings to even the lower levels that they held just 2 months before the Covid scam broke out.
Finally, Armstrong met with high level “insiders” and he reports they are buying gold.
At the 35-minute mark of your podcast, you said to keep our eyes on the markets – with the info above…..what do you think ? Should we be adding to our gold holdings?
Keep buying gold. Gold is good. We are moving higher. I don’t need “insider sources” to tell me why gold’s price is relentlessly rising. It’s rising for the reasons we have been stating.
It seems the only people who don’t know a force majeure is approaching is the bottom 98%. Those of us who know about the offensive takeout of the US in WWIII are buying gold, and this especially includes the nations who will execute this offensive military strike against the West and North America.
As for the closing of the markets, I ask why would they do that early next year? What would that accomplish? Chaos? That’s not what would help the Great Reset engineers at this point.
Warren Buffett has been raising a lot of cash, but as of now, he’s left billions on the table selling too soon.
What do I recommend? Stay under levered in asset holdings. Own the hard assets and don’t take on more debt. If we liquidate what will we do with our cash?
Excellent! Thank you.
Buffett has held virtually all his cash holdings in short term Treasuries, which I recommend through govt money market funds. My Schwab MM fund is still yielding about 4.75%, risk free, and if I thought things were going to crater or didn’t have any idea about what to do next, I would hold extra money in MMFs. Of course, we’ve been emphasizing this for two years now. Risk averse investors should take advantage of these high short term rates while they last.
I ask, what would Buffett be doing if t-bills were yielding 1% or less?
I do suspect he’s waiting for the next shoe to drop, which it does every so often. In the meantime, he’s earning close to 5%.
Stay away from any Treasury durations longer than 1-2 years.
A sampling of towns and zip codes along the interstates in southern Indiana indicate house price increases of between 4% and 5% year over year, according to Zillow. Prices are dirt cheap and have good support.
I read a number of stories in the mainstream press about how the real prices of homes in some areas have gone negative. That’s interesting, because in nominal terms they are still increasing. Even in the ghetto Prince George’s County, nominal prices are up 1.4% year over year, while real prices are down 1.0%.
Las Vegas NV is up 6.8% yoy. Type in a target area town, county, or zip code.
https://www.zillow.com/home-values/18959/las-vegas-nv/
Realtor.com says Miami FL listing price is down -12.4% over the past year.
https://www.businessinsider.com/home-prices-falling-florida-texas-us-housing-market-pandemic-boomtowns-2024-10
Zillow.com says Miami home prices are UP 7.7% yoy.
https://www.zillow.com/home-values/12700/miami-fl/
Talk about foolishness….
Thanks for the podcast. I see you put in a countdown clock on the front page. Helps us with the time left. Don’t let people bully you. Keep spreading the word to the few who understand.
According to Bloomberg this morning;
Income inequality in Canada has grown to the widest this century, as high interest rates add to the debt burdens of lower-earning households while boosting investment yields for higher-paid people. In the second quarter, the top 40% of households had 65.2% of the disposable income, while the lowest-income groups had 18.2%. That gap of 47 percentage points was the largest since Statistics Canada began recording the data in 1999.
A mixed bag this morning. Headline PPI comes in lower than consensus, but year over year come in slightly higher.
PPI (YoY) (Sep)
Act: 1.8% Cons: 1.6% Prev: 1.9%
PPI (MoM) (Sep)
Act: 0.0% Cons: 0.1% Prev: 0.2%
Core PPI (MoM) (Sep)
Act: 0.2% Cons: 0.2% Prev: 0.3%
Core PPI (YoY) (Sep)
Act: 2.8% Cons: 2.7% Prev: 2.6%
PPI ex. Food/Energy/Transport (MoM) (Sep)
Act: 0.1% Cons: 0.2% Prev: 0.2%
PPI ex. Food/Energy/Transport (YoY) (Sep)
Act: 3.2% Cons: Prev: 3.3%
Thanks for another thought provoking pod cast!
https://www.theepochtimes.com/business/us-in-recession-since-2022-after-inflation-adjustments-new-research-shows-5738353?&utm_source=MB_article_paid&utm_campaign=MB_article_2024-10-10-ca&utm_medium=email&est=R%2F5mg0yxMZ%2BI3FPNZ6LF81G0QQoEpKLeUGRco5My4EW4btxBAMS16P0%3D&utm_content=us-news-1
Thoughts on this? Are we in a recession after all?
I had to search for the article as I do not have a subscription to this publication, but have a link to a free one.
https://prescottenews.com/2024/10/10/us-in-recession-since-2022-after-inflation-adjustments-new-research-shows-the-epoch-times/
Indeed, the findings articulated in the article back up what we are saying.
If true price inflation is under reported by 200 bps and GDP growth is 1.50% then we have a recession. Moreover, even if real GDP growth is positive, which if a big if, it’s been fueled with massive fiscal deficit spending.
Inflation data measuring techniques have been substantially altered since the early 1980s, when the ever larger fiscal deficits began to accrue.
Think about this; if we can determine that current CPI data or the GDP deflator is underreporting price inflation by 200 bps, which is probably accurate, then we have effectively not have had any positive economic growth for a long time now.
Moreover, the article states the researchers didn’t account for population growth; meaning that GDP growth per capita and real GDP per capita are even lower.
If we feel like we are in a recession it’s because we are experiencing one.
Numbers not good. Hot inflation data across the board, while jobless claims spikes much higher. With higher price growth, real earnings actually fell.
Core CPI (YoY) (Sep)
Act: 3.3% Cons: 3.2% Prev: 3.2%
Core CPI (MoM) (Sep)
Act: 0.3% Cons: 0.2% Prev: 0.3%
CPI (MoM) (Sep)
Act: 0.2% Cons: 0.1% Prev: 0.2%
CPI (YoY) (Sep)
Act: 2.4% Cons: 2.3% Prev: 2.5%
CPI Index, n.s.a. (Sep)
Act: 315.30 Cons: 314.86 Prev: 314.80
CPI Index, s.a (Sep)
Act: 314.69 Cons: Prev: 314.12
CPI, n.s.a (MoM) (Sep)
Act: 0.16% Cons: Prev: 0.08%
Real Earnings (MoM) (Sep)
Act: -0.1% Cons: Prev: 0.6%
Initial Jobless Claims
Act: 258K Cons: 231K Prev: 225K
Jobless Claims 4-Week Avg.
Act: 231.00K Cons: Prev: 224.25K
Continuing Jobless Claims
Act: 1,861K Cons: 1,830K Prev: 1,819K
I wonder why God has pummeled Florida so much these last 2 years with hurricanes. Is he trying to shake the remnant out? Is it punishment?
Maybe its just my bias but I’ve noticed more catastrophic hurricanes hitting there since the covid era.
The insurance market in Florida is in shambles.
Thanks for the podcast.
In 2005, I recall reading how the department of defense claimed it would be able to control weather by 2025. It seems very strange about these hurricanes, especially this last one, which formed out of nowhere in the Gulf to become a monster, and I can’t help but Wonder about the DoDs claims.
Either way, the government seems intent on bankrupting the people in Florida. Those running the government are very predatory in nature and they hate us.
Under a Harris regime, the red areas are going to be under continual attack. I think of the western half of North Carolina as another example but have to believe that these hurricanes are not just happenstance, especially as we close in on the election.
I heard that Blackrock signed a lease in the area that has rich Lithium in the ground. Black rock CEO? You guessed it!
I really agree that there is artificial weather control. Some of the recent storm patterns are really inconsistent from the past and they move in unusual directions. Hurricanes usually move east to west but Milton moved west to east. It is also strange how in one day Milton strengthens from category 1 to 4.
Equally strange was how it weakened as it got close to the Florida shore.
Years ago there was a Hurricane that barreled over the Bahamas approaching Miami and then it suddenly stopped offshore of Florida and sat there. Really weird patterns of Hurricanes and other storms.
I remember 40 years ago in the winter of 82-83 we had the “El Nino “ event. Late November of 82 it was cooling off as normal and there were a couple of snow storms in early December as usual. Suddenly the second week of December it started warming up and ended up being 70 degrees on Christmas Day. The rest of that winter was very mild into March of 83 and then it suddenly got colder into the teens and 20s through mid April. We had a snowstorm in early April. When I look back to that year I can only explain that unusually mild winter to artificial weather control.
Lots of property damage, a few deaths. Economic setback for quite a few people but certainly not an act of God. If this is a sample of the best that the Apostate System can conjure then there really isn’t much to fear and I suspect that their ranks have the same problem with incompetent/malicious personnel that legit private businesses have to deal with. Why should only we get the duds?
This youtuber took a direct hit just south of Tampa but was prepared to ride out the storm. Seems to be a good, honest on the ground report of the storm and aftermath.
https://youtu.be/BSFuu7yTe7o?feature=shared
Powell’s Half-Point Cut Is Hard to Repeat With FOMC in No Hurry
(Bloomberg) — Federal Reserve Chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labor market holds up.
Powell described the move as a recalibration aimed at making sure the labor market remained strong at his press conference after officials reduced the benchmark lending rate by a half percentage point to a range of 4.75% to 5%.
The move broke with the gradualism typical of Fed interest-rate changes. Some officials described their support of the move as arising from recent inflation data that convinced them the rate of price changes was headed toward their 2% target.
Nevertheless, minutes of the meeting showed there was a preference among some officials to cut rates at a more gradual pace, possibly because the economy remains remarkably resilient even in the face of what Fed officials call “restrictive” policy.
“Some participants observed that they would have preferred a 25-basis-point reduction of the target range at this meeting, and a few others indicated that they could have supported such a decision,” the minutes said.
“The tone of the hawks is, ‘If this is what you want, we will give you this one,’” said Derek Tang, an economist at LH Meyer/Monetary Policy Analytics in Washington. “A lot of them went into the meeting wanting” a 25-basis-point cut, he said.
The minutes said “a substantial majority” supported the 50-basis-point move. Tang called that a “rare term,” and added, “What they can’t say is almost all supported it.”
Powell nodded to the committee’s preference for gradualism in comments at the National Association for Business Economics meeting in Nashville on Sept. 30.
“This is not a committee that feels like it’s in a hurry to cut rates quickly,” Powell said. “It’s a committee that wants to be guided, ultimately we will be guided by the incoming data.”
Labor market data for September showed a hefty bounceback from a slowdown in hiring over the previous three months. Payrolls rose by 254,000 and the unemployment rate declined to 4.1%.
The Atlanta Fed’s GDP tracker now estimates the economy grew at an annualized rate of 3.2% in the third quarter. Some Fed officials are already noting that their preference is to move more slowly for now.
“Given where the economy is today, I view the costs of easing too much too soon as greater than the costs of easing too little too late,” St. Louis Fed President Alberto Musalem said Monday in remarks prepared for an event organized by the Money Marketeers of New York University Inc.
Musalem will be a voting member of the Federal Open Market Committee in 2025.
San Francisco Fed President Mary Daly, who votes on policy decisions this year, said in a moderated discussion Wednesday that “two more cuts this year, or one more cut this year, really spans the range of what is likely in my mind, given my projection for the economy.”
©2024 Bloomberg L.P.
GDP growth is currently probably 100 bps above longer term trend. Good luck convincing the bond markets that the Fed needs to continuing cutting rates. As the force majeure approaches, people become even bigger retards. All those multicoloreds on the business media make for a retarded and incapable mixture.
US Treasuries are a sucker’s bet. The Fed cuts the Fed funds rate 50bps on 9/18 and the 10 year UST yield rises 40 bps ever since.
How can the FED continue cutting rates when GDP and employment data are so robust?
Dollar Set for Longest Run of Gains Since 2022 as Fed Bets Fade
(Bloomberg) — The dollar is on track for its longest run in more than two years as US economic resilience forces traders to rethink their bets for Federal Reserve interest-rate cuts.
The Bloomberg Dollar Spot Index advanced for an eighth straight day on Wednesday, set for its most protracted winning streak since April 2022. It’s up almost 2% in that period.
The dollar has surged as traders erased bets on another half-point cut from the Fed in the wake of last week’s surprisingly strong US jobs report. Traders have been repeatedly forced to reconsider the outlook for US monetary policy this year, as data points to a robust economy even as inflation slows.
“‘Resilient’ is a word that we use a lot to describe the health of the US economy. It’s difficult to argue against,” said Erik Wytenus, head of investment strategy at JPMorgan Private Bank EMEA, in an interview with Bloomberg TV. This is driving a preference for US assets, he added.
The dollar advanced against most G-10 currencies on Wednesday, with the New Zealand dollar tumbling as the nation’s central bank cut interest rates by half a percentage point, stepping up the pace of easing.
In the US, money markets implied about 48 basis points of Fed rate cuts by the end of the year, down from nearly 70 basis points at the start of the month. A quarter-point cut in November that until recently was seen as certain is now given a chance of about 80%.
Traders are now looking ahead to the minutes of the last Fed meeting, due later on the day, and an inflation report on Thursday. US consumer prices are forecast to have risen 2.3% in September from a year earlier, from 2.5% the month prior.
Buying Dollars
Corporate names have been buying the dollar versus the pound in recent days, while hedge funds continue to add to long positions versus the yen, according to two Europe-based traders, asking not to be identified because they’re not authorized to speak publicly.
Bearish euro options structures have also been in demand since last week’s US jobs report, while market sentiment into next month’s US election is the most bullish on the greenback in more than three months. The premium to own long-dollar options versus its major peers has risen in 10 out the last 11 days.
“It’s an ongoing, piecemeal reduction of short dollar positions,” said Neil Jones, a managing director at TJM Europe. Long-term investors in Asia and the Middle East are selling the euro and the pound as they shift away from their long-held bullish views those currencies, he added.
©2024 Bloomberg L.P.