It's totally normal for companies to operate this way.

 

Said in the most sarcastic way. The bullshit just never ends. 

When I say this guy has taken over an entire parking deck at a mall. I mean an ENTIRE deck. Topside of the deck is still pretty empty. I'm sure they are going to beat tonight in earnings.

He is the new leader of the Republicans now. So he can do anything he wants.

Batpack.

This is some real Democrat shit.

'Come Hell Or High Water': DeSantis Vows To Slap Disney With Hotel Taxes, Road Tolls.

The Republicans (for which I mostly vote) are in the craziest echo chamber right now. And they don't even realise it.

What does this party even stand for anymore? Right now it's just the pedo and abortion party.

B--F-D.

There has been a lot of hysterical crying lately about de-dollarization. People seem to think that because Russia and China have made a pact to trade in the Yuan, the US is screwed.

All of this makes me laugh because it's pretty clear this is mostly dummies and finance dudes that want the US to burn. It's a very popular thing right now. You can tell because they completely ignore the structural issues China is having. If they are even aware. They also seem to ignore that China fucks with its money more than we do.

Let them trade in the Yuan! I'm going to show you why ~I~ think this way.

#1. The China Belt and Road loans are severely underwater. They are talking about complete forgiveness for Africa.

https://t.co/PmPT9PNLal “Economists at the World Bank estimate that now some 60 percent of all BRI loans involve countries in financial distress. Loans in Africa look especially shaky.” @zekelondon @SpecialSitsBoss

— Mickey (@MickeyParx) April 6, 2023

#2. Just because China's economy is open, doesn't mean it's in a recovery. Companies are leaving China in droves! Shopping malls are closing. I'm actually getting a little concerned about the relatively new middle class in China because it is very hard to find a job. India is going to be the #3 economy, and China moves down.

This Shanghai shopping center is empty, there is no one around, and most of the shops closed their doors on April 2#China #Shanghai #ShoppingCenter pic.twitter.com/I4zMRsBOhK

— Spotlight on China (@spotlightoncn) April 6, 2023

The road that was busy with shopping in Guangzhou is now, completely closed on April 4#China #Guangzhou #EconomicDownturn pic.twitter.com/i4IgJw9W1F

— Spotlight on China (@spotlightoncn) April 6, 2023

#3. Closed companies have not paid workers. This has been going on for months. Property has also been in trouble for at least a year since Evergrand collapsed.

Henan rural bank depositors protest to defend their rights
On April 2, hundreds of bank customers once again gathered at Henan Xinzheng Rural Commercial Bank, Zhengzhou Xinzheng People's Bank, and Zhengzhou's flyovers. They held banners asking to recover the money they still… pic.twitter.com/vlr3PUVNeD

— Spotlight on China (@spotlightoncn) April 6, 2023

During the last part of Sunac China's project in Dali. Sunac China took 200 million yuan and fled, the owner protested, the police came out to suppress they in Yunnan on April 2#China #Yunnan #Protest pic.twitter.com/3psNcjSR1x

— Spotlight on China (@spotlightoncn) April 6, 2023

As you can see. China is not in a position of power right now. And neither is Russia. Let those losers trade in China's currency. As late as March 2023, China was enacting capitol controls!

Keep your pets safe folks.

Cat in Wyoming tests positive for H5N1 bird flu, first such case in the U.S. https://t.co/rrSRp1uSbE

— BNO News (@BNOFeed) April 7, 2023

I wasn't going to post this, but it's not fair that some really uneducated people try to stop others from informing the public. And there must be some people who read my blog that aren't completely out of touch of reality.

We are about one minute away from FOUR concurrent pandemics. Imma let you guess which ones, because I am not going to tell you. Imma let you find out on your own. Good luck people!

Dog in Canada dies of H5N1 bird flu https://t.co/jIEYO1uTFo

— BNO News (@BNOFeed) April 4, 2023

It's a complete mystery.

US worker productivity has witnessed a year-over-year decline in each of the last four quarters. What's going on? pic.twitter.com/J2new6IOuK

— Jeff Weniger (@JeffWeniger) April 5, 2023

Labor issues are a huge part of inflation.  Wages and low production levels make inflation hotter. But as long as they are Democrats - fuck em right? Said in the most sarcastic way.

As long as there is too much money chasing too few products and services (because there are not enough healthy people to make those products) inflation is going to run hot.

Inflation would have been transitory if a large portion of people didn't decide that portions of other people should die because of their political party. 

You've made your bed. This is the price you pay for not believing in reality.

This is what caused the bank runs.

The "Bank Walk" continues. Bank deposits now down 4.1%.

This is your sibling, your neighbor, people with money sitting in a bank account, each at their own pace deciding they're sick of earning 0%. Each day, someone new, moving their money out of 0% and into 4% T-Bills. pic.twitter.com/OGbS1FHqU0

— Jeff Weniger (@JeffWeniger) April 3, 2023

I have to admit, I didn't really think very deeply about the rising interest rates in regards to capital flight. As everyone who reads this blog knows, I focus on housing because housing touches everyone. Most people don't have enough money to care about savings interest. And it's been so long time since interest rates were this high. Most of us have never gotten a chance on the good side of  the interest rate hike train. 

I haven't really moved any money yet because I have a good credit union paying me 3.10 in interest. I have been saving for land the entire pandemic and am earning some pretty decent interest there.. 

With interest rates this high, people will be motivated to move. Big banks pay nothing in interest. So people are moving their funds to money markets. Which honestly I hadn't heard about since i was a kid. But all of us are waking up it it now. 

A few months ago Mr S. told me that when he was a kid he thought all you had to do was make a million bucks. Then you could live off the interest.

But I thought this time was different.

 

I'm going to give you a hint. Prices need to fall to this arrow.

It's going to be the softest landing.

Nearly 10 thousand people left Shenzhen and a large number of factories relocated or closed down in March#China #Shenzhen #Factory pic.twitter.com/j8fACx52zw

— Spotlight on China (@spotlightoncn) April 3, 2023

Said in the most sarcastic way.  Like a pillow pressing down on your face and suffocating you. Because things always get better after the holidays. AMIRIGHT?

Manufacturing orders from China down 40% in demand collapse @CNBC https://t.co/9m5wV8rII6

— Angela Mendez Attebury (@Angiequa) April 4, 2023

As the world burns.

Local fisherman in #Arica, #Chile, films sea lion carcasses floating in the harbour, likely dead from #H5N1 highly pathogenic avian #influenza. #vogelgriep https://t.co/CjkaRuwn3r

— Thijs Kuiken (@thijskuiken) April 2, 2023

Where are all my bird flu is a fake plandemic people? Because certain parts of the world are spiraling out of control. They are not even picking up the dead animals in Chile.

I'd say the fishermen are starting to get pretty freaked out because these videos are starting to emerge.

Chili

video by @ClaudioAzat

shared by @thijskuiken #ClimateChange, #pollution, #elnino, #H5N1 @lodenaken pic.twitter.com/k6Bovai3cX

— Tara Author (@auteur_tara) April 4, 2023

If people only knew how stupid they sounded.

I was standing in a line a week ago or so. The guy behind me was on his cellphone bitching about something. It must have been a bank because he says the following thing - "Fucking banks making money off your money."

In my head I was like - This is literally the definition of a bank.

I think I'm going to start doing a series on poor people logic. Because it's basically everywhere right now. 

This is not sustainable.

"Federal Reserve chair Jerome Powell struck a particularly somber note at his press conference earlier this week when he mentioned that one reason the labor market is so tight right now is that many workers died from COVID-19.

The big picture: Economists have theorized for a while about the impact of COVID deaths on the labor market. Now, research has started to emerge and key public figures like Powell are starting to talk about it explicitly.

"Close to a half a million who would have been working ... died from COVID," Powell said while talking about the U.S. labor shortage. Go deeper: In a footnote to a speech he gave on Nov. 30, Powell estimates that 400,000 working-age Americans died in excess of what was anticipated pre-pandemic."

Source.

I hope it's all Democrats said the vocal Republicans who comment on my blog. Or only olds or fatties. AMIRIGHT?

It is seriously troubling that people are still denying the toll SARS has taken on our country. I find it pretty amusing at this point because all they are doing in fucking themselves over. It's only people with poor people logic who think this is hurting the Democrats.

Also note this article is from December.

Mad Max Truck.

 

Normally cars are out much much earlier in the year..... but it's been super ~super~ rainy. And we are all done.  Every single small talk conversation involves the rain.

 

In the image below, this is not a paint job. The metal was ripped open to expose the motor.

Interestingly......

 

The Game Developers Conference is still requiring shots or tests to get in. I didn't know this was still a thing. And they were super serious. They were making sure it was a current test. No one had a temper tantrum.

It ~is~ interesting though, because I don't remember how many conferences I've been to since they started allowing us unvaxed people in. But it's been a bunch. Nothing to write home about sadly. This is the first one I've had to show a test. I even went to CES.

Good for them. Someone needs to be an adult. My position for a very long time now is that testing is the only way out. Yes, the tests are not perfect. But they catch more of the cases than not testing!

 

Oooh. It's gonna be a nail biter.

Inflation is still running hot-ish. But raising rates cause more bank pain. This guy is right. It could collapse the WHOLE system world wide. Europe was in negative interest rates a few years ago. Everybody going to get hit because the banks were doing nothing wrong. 

They were doing the prudent thing at the time and circumstances changed. Root on their demise at your own peril.

Everyone woke now?

It's weird because three months ago - no one was talking about bank failures. "Now everyone knew what they were doing was risky." Said in the most sarcastic way. And I know this because if anyone would have said these bonds were going to collapse the banks, I would have said - wait what?

I was watching this whole thing and even I didn't realize it was going to collapse the banks. I was only looking at it from the real estate sector because I own a house. I don't own a bank.

I also find it weird that no one wants to blame the FED for hiking rates at the fastest pace in history. 0.25 to 4.65% in one year. The final pin was probably when the FED said they were going to hike faster. The banks probably had to pull the pin.

At least there is no more talk about this stupid soft landing no landing. I think we've landed.

It's almost like these finance guys are rooting against America.

"As I have written about extensively over the last year, the global economy is dividing into two. On one hand, you have the West and our printing-press-based Central Banking policies. On the other hand, you have a growing constituency born out of a maturing Russian and Chinese alliance, now also inclusive of India, Saudi Arabia, and other nations. The petrodollar is dead, China and Russia are openly hoarding gold and some fund managers believe that Xi and Putin know that the West is running a ponzi scheme."  Source.

Why else would you post this utter garbage about these countries and ignore the banking crisis in China? Just a couple of days ago they started easing because their property market has been in collapse for about a year. Read: China makes surprise rate cut to boost banking liquidity and the economy. They are literally blowing up ghost cities they built in the 2008 era. Maybe they can print enough money to built them all again.... but I doubt it.

Additionally, I'm not sure India is going participate in this new alleged love fest. There are literally skirmishes on the border on India and China all the time. They are not exactly friends. Why does India need those those retarded monkeys? It makes more sense for them to side with us because we want to move new plants there.

I guess I'm just really frustrated at how paranoid in all the wrong ways Americans have become. Apparently all you have to say is a few trigger words like "digital currency"  and WEF and people can't even think straight. Like when Zerohedge says this:

"Andy lays out the thesis “that the world is poised for a monetary reset which would result in the BRICS having their own reserve currency, likely backed by gold, and how this goes hand-in-hand with de-dollarization trends that are currently unfolding”."

Why would the BRICS have their own reserve currency? There is not a one of them that is doing better than us. And we aren't doing great. I'm old enough to remember when the Euro was going to be the reserve currency!

Everyone seems to think because Xi is meeting with Putin we are toast, when exactly the opposite is true. The only thing John McCain said that was right, is that Russia is basically a gas station masquerading as a country. They don't really make things except weapons. And I'm not even sure they make those anymore. If they did, I'm not sure this Ukraine thing would be more than a year old now.

Russia NEEDS China because Russians need "stuff" that China makes. China needs Russia  because demand in America has fallen off a cliff. It is very hard to find work in China right now. And ultimately... China and Russia are both Alphas. That fake friendship will be put to its test soon enough.

But.... if those pay per word click bait blogs can rile you up, they get to pay their rent.

Whole lotta phonies right now.

(orignal post)

I was spitting posts out like this about every three weeks and even I didn't think the banks would fail again. I just thought a lot of homeowners would be in a lot of pain. Like I was during the first housing crisis. I lost 40% of my homes value.

I'd also like to say that the roving gang of "go woke go broke" are going to get their asses handed to them. This is an asset inflation bubble just like the housing crisis. Everyone gets hurt. 

In January, literally  no one was concerned about housing. I was a nut.

It is super cute to see tons of people say - those rich people shouldn't have taken their money out causing a bank run. But also - they were stupid to keep their money in that bank, they knew they weren't insured.

Everyone is an expert in hindsight.

Sept 23 2021 interest rates are at 2.88. We've just gone through one of the most significant disruptions in history. 

Why would any bank think interest rates would double in one year? And why does everyone think it's "just that one bank"? I mean, Europe was buying bonds at negative interest rates!

Just on Saturday all my twitter finance guys were saying they didn't think it was going to spread to ANY other bank. Which made me rethink how much I trust them. Maybe they are lying, or just lying to themselves. It a popular thing the past few years.

Just just wanted to post this because people seem to think that bank was corrupt. Even I thought about stashing money there many times. And I suffered through the housing crisis. That was an extremely SAFE bank.

I think America is going to be on this downward track until people stop rooting for the demise of literally everything. Oddly, they seem to think they won't get splash back.

Now that I have gotten time to digest what happened to Silicon Valley bank, I have to say that it's super infuriating how the Fed destroyed this super prime bank up. If anyone thinks that can't happen to their bank, I'm here to tell you that if those people (the richest people in Silicon Valley) got hit - EVERY OTHER BANK IS AT RISK. All of these banks were pushed into doing the same things by the FED. It was the only place they could make money.

In early 2021 it was probably sensible to buy long term dated bonds. NO ONE could have predicted that any President would make an executive order that houses could not be foreclosed upon which caused people to spend with reckless abandon. It had never been done before to my knowledge. This is the catalyst for inflation. Pure and simple. People felt house rich. All the old timers will remember this from the housing crisis. Very same dynamics.

People love to hate on the rich, but these people did nothing wrong. Now they can't meet payroll. It's just so maddening how the government keeps fucking over businesses and people just shrug. Everyone will eat their words soon though. 

On the right side it said - everything is real. But for this moment I want to pretend that nothing is real because on Monday everyones' life changes.

It is outrageous this was allowed to happen and that people were too greedy to be sensible. . 45% in TWO YEARS!

Mission accomplished.

Over the past five months there have been numerous articles about the Fed hiking until something breaks. And now we have our first break. I think they thought the labor market would break first... but....there are obviously less people alive and capable to fill those positions.

We have also reached the stage where every time they say something "is not" something else - it absolutely is. 

"Silicon Valley was heavily exposed to tech industry and there is little chance of contagion in the banking sector similar to the chaos in the months leading up to the Great Recession more than a decade ago. The biggest banks — those most likely to cause a systemic economic issue — have healthy balance sheets and plenty of capital." (emphasis mine and LOL) Source.

I'm still trying to understand the details, but it looks like a combo of a bond problem and deposits drastically falling. Which I imagine is every banks problem right now. Silicon Valley Bank was not subprime. Even I thought about using it from time to time. They were very stable through the housing crisis.

It's unknown if the Fed can stop raising. There is still way too much money chasing to few goods and services. And just because the too much money element is taken away, doesn't mean you get more goods. 

I was just in Best Buy this weekend and wound up taking pictures. My second store because the one in Santana Row freaked me the hell out. I even asked them if they were remodeling because the one close to me just did.

Best Buy right now is looking like Fry's did when I started taking pictures. If I didn't know better I would think they were going out.

China is a complete black hole right now. They are in the middle of a collapse and the people I normally follow are coving the US. But from what I have seen, reopening China is pretty much a failure. And if y'all remember...... during the housing crisis China started building all those Ghost cities which pretty much saved the global economy. Now they are literally blowing them up. China is not going to be there for you this time. 

This is global.

I have said since the beginning that just because the economy is open doesn't mean it is saved. People believed a lot of lies over the past three years, and now they get to live with those consequences. All of those FOMO people are FUCKED.