Tag Archives: Wealth tax

May 3 2024

US Home Prices Nearing All-Time Highs


Posted originally on May 3, 2024 By Martin Armstrong 

House US Real Estate

Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained to certain states and areas of certain states that the public has deemed most desirable, largely due to political factors such as taxes. Yet, at the moment, buyers are swiping up real estate where available. The S&P CoreLogic Case-Shiller posted a 6.4% gain in February after January’s 6% spike, marking the fastest uptick in home prices since November 2022.

The 20-city composite jumped 7.3% on an annual basis, rising from January’s posting of 6.6%. The 10-city composite saw an 8% annual rise, up from 7.4% in January. February was the third consecutive month of rising home prices in all cities, with Washington D.C., New York, San Diego, and Los Angeles experiencing all-time highs in price.

San Diego saw an 11.4% annual rise in home prices, the largest jump in the 20-city composite. Detroit and Chicago posted 8.9% annual gains. Yes, we will eventually see the red states surpass the blue. Smart money is moving into assets like real estate. The downside of real estate is that they impose a property tax on it annually, but investors enjoy that passive income.

There is a notion of “now or never” among first-time buyers as it simply no longer makes sense financially to rent. A person’s ability to qualify for that first downpayment has diminished with rising rental costs. Rental costs increased 3.15% from February 2023 to February 2024, further rising to 3.6% annually in March of this year. This is close to the pre-pandemic growth rate of around 4.1%, but rental pricing is up 36.6% from the pre-pandemic era. While difficult to judge on a national basis, the average rental now costs $1,983 per month, but it is much higher in places like New York City ($3,206 average) or San Francisco ($3,024) hence why we are seeing people sweeping up real estate there.

Shelter is 34% of CPI. The April 10 release from the Bureau of Labor Statistics found that shelter costs have risen for the past 40 months. In March, shelter costs were the largest contributing factor for core inflation. Rising home prices will not benefit the economy or lead to any positive indicators that inflation is waning.

May 2 2024

Riots Erupt on UCLA Campus and Universities as Pro-Hamas Groups Clash With College Students


Posted originally on the CTH on May 1, 2024 | Sundance

There was a meme we often shared 15-years-ago as the era of Obama’s political rise started to manifest in full glory.  The Chicago Marxists, who used the power of political correctness, guilt and progressivism to manipulate public opinion, were successful.

The radicals took control of the executive branch institutions, George Soros began funding networks connected at various state levels to the judicial branch institutions and the manifesting results were predictable.

All of the current violent and extreme pro-Hamas college activity flows from the same system of NGO’s and political activist groups connected to the Obama network.  They hate Israel, and they hate the USA.

CALIFORNIA – In UCLA last night protesters and counter-protesters were seen clashing with sticks, and tearing down metal barricades, TV footage showed. Others were seen launching fireworks or hurling objects at each other in the dark – lit up with laser pointers and bright flashlights.

The Los Angeles police department said that ‘officers have been deployed, and are currently on the UCLA campus, to assist in restoring order.’

The nationwide protests have posed a challenge to university administrators trying to balance free speech rights with complaints that the rallies have veered into anti-Semitism and hate.

The unrest has swept through US higher education institutions like wildfire, with many student protesters erecting tent encampments on campuses from coast to coast.

In another of the newest clashes, at the University of North Carolina at Chapel Hill, police moved in Tuesday to clear one encampment, detaining some protesters in a tense showdown.

A week-long occupation was brought also brought to an end at northern California’s Cal Poly Humboldt while Portland State University’s campus, in Oregon, was closed Tuesday ‘due to an ongoing incident’ in the library.

Local media reported around 50 protesters had broken into the building a day earlier.

And Brown University reached an agreement in which student protesters will remove their encampment in exchange for the institution holding a vote on divesting from Israel – a major concession from an elite American university. 

Shocking footage from the scene at UCLA showed both sides openly clashing as college security abandoned the scene and local police were nowhere to be seen.

Just before 11pm local time in Los Angeles, the violence escalated when the pro-Israeli side surrounded the pro-Palestine group. During this standoff, a firework was thrown at the camp.

The video showed both sides using pieces of wood as makeshift weapons. The walls of the encampment were smashed, at least one person could be seen being dragged on the ground by another group.

‘Horrific acts of violence occurred at the encampment tonight, and we immediately called law enforcement for mutual aid support,’ UCLA’s vice-chancellor Mary Osako said in a tweet.

The LAPD said in a message that their presence was requested on campus at UCLA due to ‘multiple acts of violence.’

These clashes lasted for around 90 minutes before Los Angeles Mayor Karen Bass announced that law enforcement was about to be deployed at the college. At 1:30am local time police officers and the California Highway Patrol arrived. (READ MORE)

Apr 28 2024

Why Congress has a 7% Approval Rating – Corruption


Posted originally on Apr 28, 2024 By Martin Armstrong |  

We are the enemy. When will people wake up and realize they do not represent us? They view us as the enemy never to be trusted – i.e., 702 they just authorized, and the 80,000 IRS agents are auditing not the rich but people under $200,000 because they do not have lawyers and accountants.

Lincoln lie fool the people
Apr 25 2024

Incompetent Bureaucrats Know Nothing Whatsoever about Immigration


Posted originally on Apr 24, 2024 By Martin Armstrong 

This is what happens when Soros funds Bureaucrats to destroy the very country they grew up in. Soros is out to flood the USA to destroy our politics and culture.

Soros US must fall
Apr 24 2024

Background Checks are Racist


Posted originally on Apr 24, 2024 By Martin Armstrong 

Racism

Biden’s botched recreation of Trump’s convenience store stop has resulted in more than a failed campaign attempt. On the same day that Joe Biden shuffled through Sheetz, a privately owned convenience store chain with 700 stores across six states, an organization in line with his administration decided to file a lawsuit against Sheetz for violating civil rights laws.

What did the convenience store chain do to violate human rights? The corporation requests that their employees undergo a background check as part of the employment process. Every single government agency requires a lengthy background check process, but it is (D)ifferent! The Equal Employment Opportunity Commission (EEOC) claims that Sheetz is disproportionately targeting Black Americans by requesting background checks. So, they are already stating that they believe minorities are more likely to have committed a criminal offense, which in itself seems hypocritical.

“Diversity and inclusion are essential parts of who we are. We take these allegations seriously. We have attempted to work with the EEOC for nearly eight years to find common ground and resolve this dispute,” a company spokesperson stated. The EEOC states in their lawsuit that Sheetz has violated Title VII of the Civil Rights Act of 1964. “Federal law mandates that employment practices causing a disparate impact because of race or other protected classifications must be shown by the employer to be necessary to ensure the safe and efficient performance of the particular jobs at issue,” touted EEOC attorney Debra M. Lawrence, who claims the company has been using these discriminatory background checks since 2015 to prevent minorities from seeking employment.

The background check process is equal for all races as they simply look at one’s criminal history. There is absolutely no possible way to alter the results of the background check – someone either has a criminal past or not. The EEOC said that White Americans had a failure rate of under 8% with Sheetz, compared to Black Americans and Native Americans, who had a failure rate of 14.5% and 13%.

Of no surprise, Sheetz, a family company, previously made a large donation to the National Republican Congressional Committee before the 2020 US Presidential Election.

Everything is considered racist in woke America. Bail has been deemed racist. School admissions are racist, as are the admissions tests for law and medical schools. They have even called climate change racist. There are calls for the elimination of credit checks, too, since they are also racist, and lenders should not base their decisions on someone’s financial history. The entire premise of DEI is that society is inherently racist and equality should not be based on the content of one’s character but solely on race.

Apr 24 2024

DOJ Pays Gymnasts $138 Million Settlement for FBI Misconduct in Larry Nassar Sex Assault Cases


Posted originally on the CTH on April 23, 2024 | Sundance

In 2021 the DOJ Inspector General released an absolutely damning investigation of FBI conduct in the rape and sexual assault of U.S. Gymnasts.  The IG report revealed how FBI agents facilitated Larry Nassar’s sex crimes by taking no action despite numerous witness statements to them.

Worse yet, the FBI never reported evidence of the sexual assaults to local law enforcement – and to top it off, the FBI agents lied during the investigation of their conduct.  The DOJ under AG Bill Barr refused to prosecute the FBI liars, but today the DOJ gave the gymnasts $138 million, bringing the total lawsuit settlement to over a billion dollars.

Michigan State University gave $500 million to more than 300 women and girls who were assaulted. USA Gymnastics and the U.S. Olympic and Paralympic Committee settled for $380 million, and today the DOJ settled for $138 million. No one in the FBI was ever held accountable.

DETROIT — The U.S. Justice Department announced a $138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.

When combined with other settlements, $1 billion now has been set aside by various organizations to compensate hundreds of women who said Nassar assaulted them under the guise of treatment for sports injuries. (read more)

Inspector General Report HERE

IG Report Excerpt – […] “The OIG found that, despite the extraordinarily serious nature of the allegations and the possibility that Nassar’s conduct could be continuing, senior officials in the FBI Indianapolis Field Office failed to respond to the Nassar allegations with the utmost seriousness and urgency that they deserved and required, made numerous and fundamental errors when they did respond to them, and violated multiple FBI policies.

The Indianapolis Field Office did not undertake any investigative activity until September 2nd, five weeks after the meeting with USA Gymnastics—when they telephonically interviewed one of the three athletes. Further, FBI Indianapolis never interviewed the other two gymnasts who they were told were available to meet with FBI investigators.

This absence of any serious investigative activity was compounded when the Indianapolis Field Office did not transfer the matter to the FBI office (the Lansing Resident Agency), where venue most likely would have existed had evidence been developed to support the potential federal crimes being considered, even though the Indianapolis office had been advised to do so by the USAO and had told USA Gymnastics that the transfer had occurred.

Additionally, the Indianapolis office did not notify state or local authorities of the sexual assault allegations even though it questioned whether there was federal jurisdiction to pursue them. As a result, the Lansing Resident Agency did not learn of the Nassar allegations until over a year after they were first reported to the FBI and then learned of them only from the MSUPD. 

Moreover, the FBI conducted no investigative activity in the matter for more than 8 months following the September 2015 interview. During that period of time, as alleged and detailed in numerous civil complaints, Nassar’s sexual assaults continued.” (read full report)

Apr 24 2024

Judge Declares Mistrial in Murder Case of Rancher George Kelly Accused of Shooting Illegal Alien


Posted originally on the CTH on April 23, 2024 | Sundance

Apparently, the jury was deadlocked with 7 jurors saying not guilty and 1 juror saying guilty.

ARIZONA – […] Jurors in the murder case against a Nogales-area rancher accused of killing an unarmed migrant on his property were unable to reach a unanimous verdict and remained deadlocked on the charges.

After more than 15 hours of deliberation, Santa Cruz County Superior Court Judge Thomas Fink declared a mistrial just after 4:30 p.m. The court scheduled a status meeting for 1:30 p.m. April 29 to allow the Santa Cruz County Attorney’s Office to decide if it wants to retry the case.

“They won’t wear me down,” rancher George Alan Kelly told reporters after the mistrial was declared.

The trial centered on the Jan. 30, 2023, death of Mexican migrant Gabriel Cuen Buitimea, who was found shot after Kelly fired warning shots into the air, his defense attorney said. (read more)

Apr 20 2024

Insurance is Always a Scam – Beware – They Pay NO CLAIMS in time of war


Posted originally on Apr 20, 2024 By Martin Armstrong 

Loyds refuse to pay for NordStream R

Loyds Nord Stream v (1) LIC and (2) Arch – CL-2024-000094 – Defence

Switzerland-based Nord Stream AG filed a lawsuit against the insurers for refusing to compensate the company. Nord Stream estimated the cost incurred by the attack to be between €1.2 billion and €1.35 billion and is seeking to recoup over €400 million in damages. The insurers, Lloyd’s Insurance Company and Arch Insurance Company responded that since the Nord Stream explosions were “more likely than not to have been inflicted by… a government,” they have no responsibility to pay for damages to the pipelines.

British insurers took the position that they have no obligation to honor their coverage of the Nord Stream pipelines because they were blown up in September 2022, because they were destroyed as an unprecedented act of sabotage, most likely carried out by a national government. They have contradicted reports of the Washington Post and others claiming that a private Ukrainian team was responsible for the massive act of industrial sabotage.

In their legal brief, you can download above, filed by Lloyd’s and Arch Insurance Companies, they state that the “defendants will rely on, inter alia, the fact that the explosion Damage could only have (or, at least, was more likely than not to have) been inflicted by or under the order of a government.”

Consequently,  they argue, “the Explosion Damage was “directly or indirectly occasioned by, happening through, or in consequence of” the conflict between Russia and Ukraine and therefore falls under an exclusion relating to military conflicts. This is important because regardless of your insurance, going into war means they will never pay any claims. Personally, I have NEVER had any insurance company EVER pay what I was covered for. When I die, I am sure they will claim that he is a clone and he is hiding somewhere.

A tree once fell on my brand-new car in a storm. It was then sent to Bordentown Autobody to be repaired. They burned down with my car in it. Allstate Insurance screwed me because I paid cash for the car, and as soon as they knew no bank was involved, they claimed there were two deductibles and subtracted about 25%, knowing that would be my legal fees to make it UNREALISTIC to sue them. Insurance is ALWAYS a scam.

Apr 16 2024

Mike Davis: NY Democrat Judges’ Kids Are Profiting Off The Banana Republic Charges Against Trump


Posted originally on Rumble By Bannons War Room on: Apr 15, 2024 at 01:30 pm EST

Apr 16 2024

4.12.24: Greater multi-level sting op, No Name?, FISA, Minority report, MSM hides gov corruption, Pray!


Posted originally on Rumble By And We Know on: Apr 12, 2024 at 12:00 pm EST