Real Estate – the Faces of Buyers


Housing Property Real Estate

QUESTION:  Dear Mr. Armstrong, as a daily reader of your blog I noticed the recent comment on the norweigian real estate market. You wrote that it was capital flight from the eurozone that made the prices go higher. Parking, not speculation, It seemed, in the light of everything, as a very natural development. As the Euro has been rising against the Krone, it would give Euro buyers some extra space to buy too. My question though is if the swedish real estate market is similar? Here in Sweden we have the common people buying too, with wages still pretty strong, fairly low unemployment and low interest rates on mortgages. This has resulted in highly leveraged households. Domestically “everyone” believes in rising real estate prices. Is this a bubble (with the majority preaching new highs), or is it similar to the norweigian situation?

Btw, I will, with excitement, attend your conference in Hong Kong this year.

Kind regards

PM

ANSWER: There are two distinct faces of real estate buyers. First, we have the capital flight as in Norway. They are using the property market as a place to park money. This is why they do not even both to rent them out. This trend has also engulfed most of the major cities such as New York and Miami where the IRS in the States demands that the true owner be revealed. In Australia, they made a criminal act for a foreigner not to disclose he owns property. We see the same in Toronto and Vancouver. The rural areas have not recovered from the crash in 2007-2009. In the States, this tends to be a bit steeper because it was the focus of huge leverage sold by the banks.

The other side of the market are the people who also are starting to buy property as a hedge using the low interest rates. The pessimism in Europe is reaching epic proportions. It is quickly becoming that the majority fear the breakup of the EU and the collapse of the Euro. This is also manifesting in the sharp rise in demand for physical paper dollars. First it was the fall of Communism 1989-1991. Then it expanded and has extended into Europe in general. Europe does not have the over-leveraged property that USA ended up with as a general rule. This is also reflected in the shorter mortgage duration in places like Canada and Europe. So at this point, any real gains in purchasing power may not really materialize in Europe, but it may appear to gain in nominal terms. Then there was the speculation that housing prices would rise because of the influx of refugees.

FED Money Base 2-2017

All of this said, the continued rise in demand for paper dollars outside the USA has actually surged after Trump was elected. The pattern clearly shows the trend has changed at the high is not isolated by a triple top. This warns from a pattern recognition perspective, that the monetary base will rise to new record highs.

Consequently, it is reasonably estimated that more than 40% of US paper currency now resides outside the USA. There are more than 300 million people traveling through the US border and there is no means to track the currency outflow in actual paper dollars.  When communism fell, dollars became the number one circulating medium of exchange in Russia and China. The Federal Reserve Bank of New York, in collaboration with Citibank and  Republic National Bank of New York of Edmond Safra, shipped out of the USA physical dollar bills worth $348 billion. The called it the Money Plane. There were even Congressional hearings on the exportation of dollars to foreign lands. History repeats because the passions driving mankind never change. We have witnessed the dollarization of the world economy.

The Federal Reserve in the States is well aware that the dollar has become a global currency and its demand outside the USA has been increasing sharply since 2007-2009. This we see this trend reaching a peak as early as 2020. The Fed itself states: “U.S. currency has long been a desirable store of value and medium of exchange in times and places where local currency or bank deposits are inferior in one or more respects. Indeed, as noted in earlier work, a substantial share of U.S. currency circulates outside the United States. Although precise measurements of stocks and flows of U.S. currency outside the United States are not available, a variety of data sources and methods have been developed to provide estimates.”

This also warns that the confidence in the euro among the average person in Europe has declined with the political turmoil.

KOMMONSENTSJANE – Judge Napolitano: Obama Wiretapped Trump Without A Warrant — Arlin Report


Obama did and will keep doing everything he can to stop Trump!

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Originally posted on Nwo Report: “The Deep State has a very wise and shrewd adversary – the man in the Oval Office. The first time in the modern era the man in the Oval Office has been an adversary of the Deep State rather than a tool of it.” Baxter Dmitry Judge Andrew Napolitano claims that…

via Judge Napolitano: Obama Wiretapped Trump Without A Warrant — Arlin Report

Reblogged on kommonsentsjane/blogkommonsents.

There is no doubt in my mind that this happened.  As evil as Obama is – wire-tapping is just a drop in the bucket on what Obama did while he was in office.  Time to drop the hammer on him and Hillary Clinton.

kommonsentsjane

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KOMMONSENTSJANE – Obama’s Kenyan birth certificate posted online by his half-brother Malik — Fellowship of the Minds


It’s a bit late now but it really doesn’t matter where he was born his mom was a US Citizen so he is as well.

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Malik Obama, 59, is Barack Obama’s older half-brother. The two men share the same father, Barack Hussein Obama Sr., but have different mothers. Malik’s mother was Obama Sr.’s first wife, Kezia. Malik has dual U.S.-Kenyan citizenship and currently resides in Alexandria, VA. In the 2016 presidential election, Malik supported Donald Trump and attended the third […]

via Obama’s Kenyan birth certificate posted online by his half-brother Malik — Fellowship of the Minds

Reblogged on kommonsentsjane/blogkommonsents.

There was never any doubt in my mind that history will prove this to be true.

kommonsentsjane

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KOMMONSENTSJANE – Obama set up DOJ slush fund to funnel $billions to anti-Trump groups — Fellowship of the Minds


There is no doubt that Obama is working to bring down Trump!

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Joachim Hagopian is a West Point graduate and former US Army officer. Writing for LewRockwell.com — the eponymous website of Lew Rockwell, former congressional chief of staff of Ron Paul — on March 6, 2017, Hagopian voices an assertion shared by many — that Barack Obama has set up a shadow government to subvert and […]

via Obama set up DOJ slush fund to funnel $billions to anti-Trump groups — Fellowship of the Minds

Reblogged on kommonsentsjane/blogkommonsents.

Just as we thought.

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Will Trump Succeed? If he can’t fix DC than Nobody Can!


Trump Whtehouse

QUESTION: Do you think Trump is really a racist? I do not quite understand this. It seems like this has been manufactured simply because of his travel ban. Can you shed some light on this? Do you think Trump will really make a difference?

Thanks

MW

ANSWER: There is no evidence that Trump is a racist. This is hype to cloud the real agenda and that is to stop any reform in Washington. As far as Trump succeeding, I remain skeptical. Everyone is really against him on Capitol Hill. That includes Republicans. There is no difference between Republicans and Democrats for they both love to spend other people’s money.

This is really the left trying to sustain the status quo. Democrats talk a good game how they are for the poor, but then sell tax loopholes to special interests in return for financing their campaigns. Why would the bankers and hedge funds back Democrats if they were really against them?

The truth is nothing like the press and politicians try to project. We can see the trend toward this popular uprising because everyone knows something is wrong. I do not see the racism being alleged and Muslim is not a race anyhow. I have friends and staff who are Muslim and my staff work in Europe and come into the USA for meetings with no problem. If they were not allowed in because of their faith, I would be screaming loud myself. We have every race among our staff and female as well as male staff. So I have a vested interest in making sure there is no discrimination that would disrupt our staff or curtail business in any way.

The real issue is economics. I believe the election of Trump was a reflection of the uprising among the people and Trump happened to be at the right place at the right time. Do I support him personally? No. I am not naive nor a fool. I wish him well, but I doubt that his agenda will work for he lacks international trading and creating jobs in America with tariffs is not the answer. That will force the consumer to pay more – that is subsidizing manufacture and that goes against free trade where every country should pursue its comparative advantage (see David Ricardo).

Secondly, based upon my sources, I seriously doubt that Trump has the votes to get his Tax Agenda through. Plus we have the debt ceiling about to explode and that will hurt the dollar short-term defeating ultimately Trump for the press will turn this around and blame 50 years of spending on him.

What I do support is the people. They elected Trump because they want a change. This is the anti-establishment movement that is growing globally. This is what will bring the whole system crashing down. This is separate and distinct from Trump. So I am not a fool. Trump cannot reverse the inevitable. It would be nice to think he could, but he will fail, not for lack of trying, but because the system is the system. Yes I support that he was elected compared to Hillary. I also support that he has caused a lot of anxiety on Capitol Hill and has all the politicians talking about the rise in “populism” putting them on notice that everything is not just fine.

The Euro & the Pending Bounce


IBEUUS-D 3-11-2017

While Europe is certainly not turning bullish, what we do see is a bounce due to the fundamental focus of the pending US debt ceiling battle looming on the horizon. Naturally, the press will be blaming Trump so we should be prepared for headlines like US going to default. The press will use this incident created by Obama and Boehner to score as many points against Trump as possible. Facts mean nothing to mainstream press. They have their agenda and that is not going to suddenly change. So we should expect dire headlines about how the USA will default and all this may provide a bounce for the Euro for up to two months until the French elections on May 7th. Keep in mind, this is a slow and agonizing process that cannot be stopped. The economic and politics of Europe are a total disaster because politicians now make decision to protect their jobs and pensions from Brussels. There is traditionally the false move that get people off-side so we should bounce before we collapse.

The key resistance will be 10855 and a weekly closing above that level will point to a rally back to the 11050 area and a monthly closing above that would then point to 112-115 level. March needs to close above 11300 on a pure technical perspective to raise any hope of a more prolonged rally beyond 2 months.

Paul Joseph Watson About Vault 7, CNN Has VD And Other News


No, Waiting for ObamaCare to Implode is Not an Option Either…


Source: No, Waiting for ObamaCare to Implode is Not an Option Either…

What Pisses Me Off About Western Civilization


We’ve Created A Monster – Ron Paul Says It’s “Fantastic” That WikiLeaks Exposed The CIA


Tyler Durden's picture

Ron Paul, the prominent libertarian communicator and three-time US presidential candidate, declared this week in a Fox Business interview that it is “fantastic” that WikiLeaks revealed on Tuesday thousands of US Central Intelligence Agency (CIA) documents and files.

Speaking with host Kennedy, Paul further says that the information exposed “indicates that liberty is in big trouble” and states his concern about there having been insufficient media coverage of the information and outlines the potential dangers related to technology…

 

Paul’s discussion raises the very crucial question “do we live in a police state?” As AntiWar’s Justin Raimondo warns, the latest wikileaks revelations tell us the answer is ‘Yes’.

WikiLeaks and Julian Assange would have gone down in history as the greatest enemies of government oppression of all kinds in any case, but their latest release – a comprehensive exposé of the US intelligence community’s cyberwar tools and techniques – is truly the capstone of their career. And given that this release – dubbed “Vault 7” – amounts to just one percent of the documents they intend to publish, one can only look forward to the coming days with a mixture of joyful anticipation and ominous fear.

Fear because the power of the Deep State is even more forbidding – and seemingly invincible – than anyone knew. Joyful anticipation because, for the first time, it is dawning on the most unlikely people that we are, for all intents and purposes, living in a police state. I was struck by this while watching Sean Hannity’s show last [Wednesday] night – yes, Fox is my go-to news channel – and listening to both Hannity and his guests, including the ultra-conservative Laura Ingraham, inveigh against the “Deep State.” For people like Hannity, Ingraham, and Newt Gingrich (of all people!) to be talking about the Surveillance State with fear – and outrage – in their voices says two things about our current predicament: 1) Due to the heroic efforts of Julian Assange in exposing the power and ruthlessness of the Deep State, the political landscape in this country is undergoing a major realignment, with conservatives returning to their historic role as the greatest defenders of civil liberties, and 2) American “liberalism” – which now champions the Deep State as the savior of the country –   has become a toxic brew that is fundamentally totalitarian.

On the first point: yes, there are more than a few holdouts, like Bill O’Reilly and the neocons, but the latter are increasingly isolated, and the former is increasingly irrelevant. What we are seeing, as the role of the “intelligence community” in basically leading a seditious conspiracy against a sitting President is revealed, is a complete switch in the political polarities in this country: what passes for the “left” has become the biggest advocate of the Surveillance State, and the rising populist right is coming to the hard-won conclusion that we are rapidly becoming a police state.

Ah, but wait! That’s not the whole story: bear with me for a while.

The material in “Vault 7” is extensive: it ranges from examining the ways in which a Samsung television set that is seemingly turned off can be– and no doubt has been – used to spy on the conversations and activities of a room’s occupants, to the various ways in which our spooks infiltrate and subvert common electronic devices, such as the I-Phone, in order to gather information. “Infected phones,” we are told in the introduction to the material, “can be instructed to send the CIA the user’s geolocation, audio and text communications as well as covertly activate the phone’s camera and microphone.” The CIA is even working on remotely controlling the electronic steering systems installed in cars – a perfect route to pulling off an assassination that looks like an “accident.” Not that the intelligence services of the “leader of the Free World” would ever consider such an act.

The massive infection of commonly used software and electronic devices leads to a major problem: proliferation. As these viruses and other invasive programs are unleashed on an unsuspecting public, they fall into the hands of a variety of bad actors: foreign governments, criminals, and teenagers on a lark (not necessarily in descending order of malevolence). This plague is being spread over the Internet by a veritable army of CIA hackers: “By the end of 2016,” WikiLeaks tells us, “the CIA’s hacking division, which formally falls under the agency’s Center for Cyber Intelligence (CCI), had over 5000 registered users and had produced more than a thousand hacking systems, trojans, viruses, and other ‘weaponized’ malware.” The inevitable end result: a world infected with so much malware that computers become almost useless – and this parlous condition is paid for by you, the American taxpayer.

This is, in effect, the cybernetic equivalent of the Iraq war – an invasion that led to such unintended consequences as the rise of ISIS, the devastation of Syria, and the empowerment of Iran. In short, a war that made us less safe.

One aspect of the Vault 7 data dump that’s drawing particular attention is the CIA’s Remote Devices Branch’s “Umbrage group,” which, we are told, “collects and maintains a substantial library of attack techniques ‘stolen’ from malware produced in other states including the Russian Federation.” The idea is to mask the Agency’s cyberwar operations by attempting to hide the unique forensic attributes of its techniques. The process of attribution, WikiLeaks explains, is “analogous to finding the same distinctive knife wound on multiple separate murder victims. The unique wounding style creates suspicion that a single murderer is responsible. As soon one murder in the set is solved then the other murders also find likely attribution.”

So how does the CIA hide its “fingerprints”?

It simply draws on computer code used by its adversaries – and not only Russia – and inserts it into its own handcrafted malware and other invasive programs, thus leaving Russian (or Chinese, or North Korean) fingerprints on the handiwork of CIA hackers.

Now you’ll recall that the attribution of the DNC/Podesta email hacks was “proved” by the DNC’s hired hands on the basis of the supposedlyunique characteristics of the programs used by the supposed Russian hackers. One of these alleged Russians even left behind the name of Felix Dzerzhinsky – founder of the Soviet KGB – embedded in the code, hardly the height of subtlety. So now we learn that the CIA has perfected the art of imitating its rivals, mimicking the Russians – or whomever – in a perfect setup for a “false flag” scenario.

After months of the nonstop campaign to demonize the Russians as “subverting our democracy” and supposedly throwing the election to Donald Trump by hacking the DNC and Podesta, a new possibility begins to emerge. I say “possibility” because, despite the craziness that is fast becoming the norm, there has got to be a limit to it – or does there?

No, I’m not suggesting the CIA hacked the DNC and poor hapless John Podesta. Yet others are suggesting something even more explosive.

In an appearance on Sean Hannity’s Fox News television program, retired Lt. Col. Tony Shaffer, a former senior intelligence officer, told the audience that he had heard from his intelligence contacts that retired NSA officials were responsible for hacking the DNC and Podesta, and then releasing the materials to WikiLeaks His co-guest, William Binney, a former NSA insider who was among the first to expose the extent of that agency’s surveillance of American citizens, agreed.

This is nothing new: Judge Andrew Napolitano said the same thing months ago. The alleged motivation was animus toward Mrs. Clinton.

Although “the Russians did it” is now the accepted conventional wisdom, which hardly anyone bothers to question anymore, the level of evidence proffered to support this conclusion has been laughably inadequate. And you’ll note that, although the CIA and the FBI, along with other intelligence agencies, advanced this hypothesis with “high confidence,” the NSA demurred, awarding it with only “moderate” confidence.

And one more thing: I found it extremely odd that, when the hacking of the DNC and John Podesta’s email was discovered, party officials refused to let the FBI and other law enforcement agencies examine either their server or Podesta’s devices. Instead, they gave it over to CrowdStrike, a private firm that regularly does business with the DNC. CrowdStrike then came out with the now-accepted analysis that it was a Russian job.

Could it be that the “explanation” for the hacking was determined in advance?

I don’t know the answer to that question. Nor do I necessarily buy Col. Shaffer’s thesis. What I’m saying is that it’s entirely possible – indeed, it is just as likely, given what we know now, as pinning the blame Vladimir Putin.

So what is the lesson of all this?

We have created a monster, a Deep State with such unchecked power, armed with such Orwellian technology, that it represents a clear and present danger to our constitutional republic. This threat is underscored not only by the latest WikiLeaks revelations, but also by the intelligence community’s intervention in our domestic politics, which has been documented in the headlines of the nation’s newspapers for the past few months.

This cancer has been allowed to grow, undiagnosed and unopposed, within the vitals of our government in the name of “national security.” Accelerated by our foreign policy of perpetual war, the national security bureaucracy has accumulated immense power, and our elected leaders have neglected to provide any oversight. Indeed, they are at its mercy.

The latest WikiLeaks revelations should be a wake-up call for all of us who want to preserve what’s left of our constitutionally-guaranteed liberties. Either we slay the monster or it will enslave us.