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Post by Entendance on Apr 13, 2020 4:31:46 GMT -5
Covid will kill urban real estate as a store of value. Trillions of dollars worth of urban property going down in value.
Real Estate Bubble "Housing
Home sales will take a long time to recover from the market contraction of the pandemic. Millennials have often been the first to be laid off, have little savings, and spend more on experiences than saving for large purchases.
Major incentives will have to be offered by builders and existing homeowners as the market will be slow to return to pre-pandemic sales levels.
Homes will be remodeled, and new homes built to accommodate the home centric needs for office space, closed off family rooms, and sound dampening for video conferencing privacy.
Apartments that offer ‘work-at-home’ floor plans and capabilities will be in demand while smaller apartments will see reduced demand.
The pandemic may force home buyers to think about leaving the city and its density to suburbs or even further out since they can use the internet to do their job. An essential homebuyer requirement that their home is near their office will no longer be as crucial in locating a home for purchase." -Patrick Hill
June 3, 2020 "...The majority of the Pre-Pandemic Bubble Economy was unsustainable:
1. Bubbles in the stock market and housing-- unsustainable
2. Soaring debt: corporate, household and public-- unsustainable
3. College costs paid by trillions of dollars in student loan debt-- unsustainable
4. Healthcare consuming 20% of the GDP-- unsustainable
5. Bubble in commercial real estate (CRE) -- unsustainable
6. Long supply chains to Asia-- unsustainable
7. Fracking industry dependent on ever-expanding debt to fund operations-- unsustainable
8. Over-supply and over-capacity for almost everything-- unsustainable
I could go on but you get the idea..." More here
32:09... May 27, 2020
Hong Kong homebuyers – spooked by recession, talk of national security law – forfeit US$1.5 million in deposits, walk away from purchases
Real Estate Agent Impact: price is sure to follow traffic lower, and real estate agents will get hit twice. First on the amount of traffic, and second as prices decline.
The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America
"Consider real estate: commercial real estate is based on the income generated by enterprises renting space. If businesses fold or stop paying rent, the value of the property falls accordingly.
Even residential real estate is intimately connected to income: as household incomes plummet, the number of potential buyers plummets, too. Institutional buyers of houses base the value on rental income, just like commercial property. As household income plummets, fewer people can afford sky-high rents, and so supply exceeds demand and rents will fall accordingly." There's No Going Back, We Can Only Go Forward
"...People are leveraged up to their eyeballs here. You should see the forums with AirBnB landlords. The panic is so real you can feel it come through your screen. This is not good and housing values were already hyper inflated. The Fed can’t force people to borrow. What the Fed is doing is trying to keep the system from melting down. Same game plan as 2007-2009 and housing still got smashed..."
"...Land is tangible and its supply is limited, two important characteristics which it shares with gold. However, it is not private, portable, or liquid. Taxing authorities can, and probably will, continue taking full advantage of the fact that property owners can neither hide nor escape their purview.
Landowners who intend to hold for the next hundred years must also accept geopolitical risk. There is no telling when, or if, the nation might succumb to the forces of socialism and property rights disappear.
Investment real estate might be a winner during normal times, but, over the next ten decades, that is by no means a given..." More here
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Post by Entendance on Apr 22, 2020 6:59:31 GMT -5
"...We don't just have financial bubbles that are popping; we have bubbles in trust and credibility that are popping, too. All the lies, skims, scams, excuses, frauds, bezzles, artifices, profiteering, promotional schemes and rackets are unraveling, not because the virus shut down the economy but because the enormity of all the corruption, lies and fraud is now so great that the entire status quo is collapsing under its own weight.
Pulling the sleeve down to hide the tracks doesn't mean the addict is cured. The illusion, the facade, the masquerading of normalcy, are no longer sustainable. The Monster Id can no longer be hidden, and simulacra no longer substitute for reality.
Trust, credibility, transparency and accountability have all been sacrificed for personal gain, at the expense of the stability of the entire system.
Once the system collapses, we all lose, even the insiders who have traded every shred of their soul for financial gains, at the expense of everything that was once held dear..." More here
"Credibility, like virginity, can only be lost once and never recovered."
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
“Credibility comes from results. Everything else is just marketing.”
“Every action or perceived inaction shapes credibility.”
“In order to escape accountability for his crimes, the perpetrator does everything in his power to promote forgetting. If secrecy fails, the perpetrator attacks the credibility of his victim. If he cannot silence her absolutely, he tries to make sure no one listens.”
“Honesty is a very expensive gift. Don’t expect it from cheap people.”
“Alle intimazioni di resa – dice il paracadutista Tonino Marinoni – rispondevamo gridando Folgore! e sparando”. -I ragazzi della Folgore
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Post by Entendance on May 7, 2020 5:21:41 GMT -5
Let's start with one simple truth: nobody knows the future, yet...
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Post by Entendance on May 8, 2020 5:00:04 GMT -5
"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -Marcus Aurelius
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Post by Entendance on May 15, 2020 3:14:14 GMT -5
7 Though a thousand fall at your side, though ten thousand are dying around you, these evils will not touch you.
8 Just open your eyes and see how the wicked are punished.
9 If you make the Lord your refuge, if you make the Most High your shelter,
10 no evil will conquer you; no plague will come near your home.
11 For he will order his angels to protect you wherever you go.
12 They will hold you up with their hands so you won’t even hurt your foot on a stone.
13 You will trample upon lions and cobras; you will crush fierce lions and serpents under your feet!
14 The Lord says, “I will rescue those who love me. I will protect those who trust in my name.
15 When they call on me, I will answer; I will be with them in trouble. I will rescue and honor them.
16 I will reward them with a long life and give them my salvation.” -Psalm 91, 7-16
7 Mille cadranno al tuo fianco e diecimila alla tua destra; ma nulla ti potrà colpire.
8 Solo che tu guardi, con i tuoi occhi vedrai il castigo degli empi.
9 Poiché tuo rifugio è il Signore e hai fatto dell'Altissimo la tua dimora,
10 non ti potrà colpire la sventura, nessun colpo cadrà sulla tua tenda.
11 Egli darà ordine ai suoi angeli di custodirti in tutti i tuoi passi.
12 Sulle loro mani ti porteranno perché non inciampi nella pietra il tuo piede.
13 Camminerai su aspidi e vipere, schiaccerai leoni e draghi.
14 Lo salverò, perché a me si è affidato; lo esalterò, perché ha conosciuto il mio nome.
15 Mi invocherà e gli darò risposta; presso di lui sarò nella sventura, lo salverò e lo renderò glorioso.
16 Lo sazierò di lunghi giorni e gli mostrerò la mia salvezza. -Salmo 91, 7-16
There are only two kinds of people: those who say to God, ‘Thy will be done,’ and those to whom God says, ‘All right, then, have it your way.’ -C. S. Lewis
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Post by Entendance on May 21, 2020 4:00:34 GMT -5
Gehazi witnessed a miracle, an undeniable display of God’s power that involved the redemption of a man’s health, life, and soul. But all he could think about was money. Naaman needed to see the grace of God in the free and abundant blessing he received; Gehazi destroyed grace by demanding payment.
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Post by Entendance on May 24, 2020 23:40:50 GMT -5
“This combat soldier’s prayer,
Who has served his time in Hell,
Is may we learn the lessons of war well,
That we not doom future generations,
The same old tales of horror to tell,
To endure what in youth they see mistakenly as glory.
Oh God, do not let our children
Repeat the same old story.
Make it so that America’s babies live to grow old
In this land of the free and the bold.
Help us throw off the shackles of hate that bind
And grow old in a life of a peaceful kind.
Teach us that there is no glory in war,
Nor honor there that brave men should not abhor.
Teach us instead, one for another our brothers to love.
Shower us with thine Celestial message from above,
That we plant seeds of peace evermore
And make war-no-more!"
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Post by Entendance on May 26, 2020 2:06:00 GMT -5
Yesterday was Memorial Day - when we remembered deceased loved ones and those who gave their lives for this country. Today should be Memorial Day II - when we remember the free markets that are no longer with us (thanks to the Fed). -Fred Hickey
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Post by Entendance on Jun 17, 2020 4:01:49 GMT -5
It is dangerous to be right when the government is wrong. - Voltaire
Tam deest avaro quod habet, quam quod non habet -Publilius Syrus
All'avaro manca tanto ciò che ha, quanto ciò che non ha
The miser lacks both what he has as well as what he doesn't
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Post by Entendance on Jun 22, 2020 5:47:25 GMT -5
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Post by Entendance on Jun 24, 2020 11:29:28 GMT -5
 Gold is forever wealth. Empires come and go. Gold remains.
Any fool can know. The point is to understand. -Albert Einstein
Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present. -Marcus Aurelius |
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Post by Entendance on Jul 2, 2020 4:00:28 GMT -5
Asinus stramen mavult quam aurum. Heraclitus
(The donkey prefers straw to gold)
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Post by Entendance on Jul 6, 2020 9:01:33 GMT -5
“...Money printing has continued and accelerated. Gold needed a black swan event to launch the next bull market. Everything has come together now … We are seeing government going in hyper overdrive and printing even more money and central banks are calling on governments to implement fiscal stimulus because central baks are at the end of their tool box,” he said. “Government stimulus packages will finally trigger inflation in the real world. This is what triggered the gold bull run now. It is becoming clear that there will be real inflation in the real world...” 'Most violent' bull market is here |
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Post by Entendance on Jul 9, 2020 2:47:19 GMT -5
Jesus said to them:"If you were blind, you would have no guilt; but now that you say, `We see,' your guilt remains." -John 9:41
Most people don't really want the truth. Are you among them? Take your time to find out at the beach hereWe can't stop others from speaking lies or taking advantage of us, but we can and should cry out to the Lord who watches over his people. God knows the truth about all people, and He hears and responds to the cry of His people. This truth can give us peace amidst all the evil of those around us. Be strong with the Lord's mighty power. Put on all of God's armor so that you will be able to stand firm against all the strategies and tricks of the Devil. For we are not fighting against people made of flesh and blood, but against the evil rulers and authorities of the unseen world, against those mighty powers of darkness who rule this world, and against wicked spirits in the heavenly realms.
Use every piece of God's armor to resist the enemy in the time of evil, so that after the battle you will still be standing firm. Stand your ground, putting on the sturdy belt of truth and the body armor of God's righteousness. For shoes, put on the peace that comes from the Good News, so that you will be fully prepared. In every battle you will need faith as your shield to stop the fiery arrows aimed at you b y Satan. Put on salvation as your helmet, and take the sword of the Spirit, which is the word of God. Pray at all times and on every occasion in the power of the Holy Spirit. Stay alert and be persistent in your prayers for all Christians everywhere. -Ephesians 6:10-18
This is perhaps the Bible's most comprehensive teaching about the resources believers have to overcome evil. Spiritual forces lurk behind many of our conflicts. Therefore, you should not attack the people manipulated by evil but focus directly on the evil itself. Rely on truth, faith, the power of your testimony, the wisdom of God's word, and the power of prayer. When these are mobilized, evil succumbs, God wins, and you win.
How can I make my prayers effective?
I urge you, first of all, to pray for all people. As you make your requests, plead for God's mercy upon them, and give thanks. Pray this way for kings and all others who are in authority, so that we can live in peace and quietness, in godliness and dignity. -1 Timothy 2:1-2
Paul urges Timothy to lift up requests, prayers, intercession, and thanksgiving.
A request is a need, a deep desire for something we don't have—something only God can supply.
A prayer is a word of praise and adoration. A more accurate translation of this word from the original Greek might be to "worship in earnest."
Intercession is praying on behalf of others. Our prayers should regularly reflect this kind of selfless lifestyle.
Thanksgiving involved remembering those past prayers that have already been answered, acknowledging that we not only trust God's supremacy and involvement in our life but also how His hand has moved and guided us in the past.
When we pray effectively, we do more than communicate with God—we commune with Him. We become one in mind and spirit and purpose. Today, let the focus of your prayer time be to connect with God in a very real and personal way, not as a slave would petition his master, but as a son would enjoy the company of a loving and gracious father.
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Post by Entendance on Jul 15, 2020 10:55:28 GMT -5
"...It is no coincidence that gold is the only money that has survived every single financial crisis in history. For 5,000 years, there has been no permanent replacement for gold. And whatever alternative governments and central bankers come up with to solve the current crisis, it can never replace nature’s money. Gold is eternal money and the only reserve currency that has stood the test of time." HUMPTY DUMPTY SYSTEM IS IRREPARABLE
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Post by Entendance on Jul 21, 2020 12:05:26 GMT -5
Not all relationships are positive mirrors. Some are downright toxic. Among those are:
* People who want to use you for their own agendas;
* People who reach out to you to hear about the bad things that have happened to you;
* People who cannot share your happiness or success;
* People who are so dependent upon you that you cannot depend upon them.
Those are the dead plants in your life garden.
My favorite strategy is to share some piece of joy with another person and see how they respond. People who want the best for you will celebrate with you. People who don't want the best for you...crickets. No celebration.
In a good relationship, your partner wants you to grow. In a toxic relationship, growth is a threat.
Water your garden often. Remove all dead plants and replant. It's a great strategy for fulfillment in life. -Brett Steenbarger, Ph.D.
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Post by Entendance on Aug 5, 2020 9:36:35 GMT -5
“What you’re going to see in the next decade, is this desperate effort, which is already very obvious, where banks and government just print money and borrow, and bail everyone out, whatever it takes, just to prevent the entire system from collapsing…What we’ve seen over the last decade is the transformation from risk-free interest to interest-free risk, and what this has created is a global series of parallel synchronous bubbles…One of the key bubbles is fiat currency, and one clear anti-bubble in this system is gold.  ” -Diego Parilla
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Post by Entendance on Aug 19, 2020 10:04:15 GMT -5
"...The chart below comparing gold to US money supply tells us that gold is as cheap today at $1,945 as it was in 1970 at $35 and as cheap as in 2000 at $290.  So measured in fiat money, gold is likely to move up by multiples from here. But it is obviously meaningless to measure gold in a unit like dollars which will become worthless. So if the dollar becomes worthless gold, will go to infinity which is immeasurable too.
Just think about gold in grammes or ounces as the best insurance and wealth preservation asset that you can acquire today. It is a bargain at current levels and will protect investors from the destruction of currencies and the financial system." -Egon von Greyerz |
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Post by Entendance on Aug 22, 2020 4:20:17 GMT -5
The people who earn an honest living — from sophisticated millionaire entrepreneurs to illiterate day laborers doing the most menial tasks you can imagine — those people deserve your respect. Those are people you should treat with courtesy and civility. But, the frauds who claim the right to rule you and demand your subservience and obedience, they deserve only your scorn and contempt.
Those who seek so-called high office are the lowest of the low. They may dress better have larger vocabularies and do a better job of planning out and executing their schemes, but they are no better than pickpockets, muggers and car-jackers. In fact they are worse, because they don’t want to rob of just your possessions, they want to rob you of your very humanity, deprive you of your free will by slowly leeching away your ability to think, to judge, to act, reducing you to slaves in both body and mind.
And still you persist in calling them leaders. Leaders?? Where is it that you think you are going exactly that would require you to have a leader?
If you just live your own life and mind your own damn business, exercising your own talents, pursuing your own dreams striving to be what you believe you should be, what possible use would you have for a leader? Do you ever actually think about the words that you hear, the words that you repeat? You parrot oxymoronic terms such as ‘leader of the free world’.
Even pretending for a moment that there’s some huge journey or some giant battle, that everyone in the entire nation is undertaking together that would require a leader … why would you ever think even for a moment, that the crooks that infest this town are the sort of people you should listen to or emulate or follow anywhere? Somewhere within your mostly dormant brains you know full well that politicians are all corrupt liars and thieves, opportunistic con-men, exploiters and fear-mongers. You know all this, and yet you still speak as though you are the ones who are the stupid vicious animals, while the politicians are the great wise role models, teachers and leaders, without whom civilization could not exist.
You think these crooks are the ones that make civilization possible? What belief could be more absurd, yet when they do their pseudo-religion rituals, deciding how to control you this week, you still call it law, and continue to treat their arbitrary demands as if they were moral decrees from the Gods, that no decent person would ever consider disobeying. You have become so thoroughly indoctrinated into the cult of State worship that you are truly shocked when the occasional sane person states the bleeding obvious. -Stucky Posted on March 9, 2016
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Post by Entendance on Sept 1, 2020 3:56:40 GMT -5
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Post by Entendance on Nov 8, 2020 8:52:30 GMT -5
"Christians should follow the Bible and pray that God would expose and bring justice to evil-doers who refuse to repent..."
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Post by Entendance on Dec 2, 2020 4:42:11 GMT -5
December 2, 2020
"...Your best friend and protector in this ignominious company of bubble assets and falling currencies are precious metals in the form of physical gold and silver.
But please ignore PAPER gold and silver (including ETFs) which one day will be worthless.
On the opposite side of the collapsing dollar stands gold which is about to start an accelerated rise.
Gold (and silver) has now completed the correction since August and is about to resume its 20 year uptrend.
The strength of the next move will take the gold market by surprise. And remember that gold is for long term wealth preservation and not for speculation." |
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Post by Entendance on Dec 15, 2020 5:09:18 GMT -5
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Post by Entendance on Dec 28, 2020 7:51:40 GMT -5
Sero in periclis est consilium quaerere -Publilius Syrus Sententiae, S, 42 (It is too late to seek advice in the midst of dangers.
E' tardi chiedere consiglio quando ci si trova in pericolo.)
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Post by Entendance on Jan 11, 2021 8:16:56 GMT -5
We don’t have the luxury of caring about the mainstream narrative anymore. The propaganda is telling us to “stay in our lane”, shut up, sit down and watch America be dismantled piece by piece. My rule is, whatever the establishment clearly wants us to do, we should do the opposite. -Brandon Smith |
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Post by Entendance on Jan 16, 2021 5:42:35 GMT -5
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Post by Entendance on Jan 21, 2021 4:32:39 GMT -5
Eh già. Così, dopo la sòla sovranista italiana, la sòla sovranista francese (aka LePen), nel 2021 abbiamo collezionato anche la sòla americana. L'unico che ha portato a buon fine i suoi propositi politici è stato, finora, Nigel Farage. Fool me once, shame on you; fool me twice, shame on me. Maledetto l'uomo che confida nell'uomo.
Stay the course Mantenete la rotta
5 This is what the Lord says:
“Cursed is the one who trusts in man,
who draws strength from mere flesh
and whose heart turns away from the Lord.
6 That person will be like a bush in the wastelands;
they will not see prosperity when it comes.
They will dwell in the parched places of the desert,
in a salt land where no one lives.
7 “But blessed is the one who trusts in the Lord,
whose confidence is in him.
8 They will be like a tree planted by the water
that sends out its roots by the stream.
It does not fear when heat comes;
its leaves are always green.
It has no worries in a year of drought
and never fails to bear fruit.”
9 The heart is deceitful above all things
and beyond cure.
Who can understand it?
10 “I the Lord search the heart
and examine the mind,
to reward each person according to their conduct,
according to what their deeds deserve.” -Jeremiah 17:5-10
5 Così dice il Signore: "Maledetto l'uomo che confida nell'uomo,
che pone nella carne il suo sostegno
e dal Signore si allontana il suo cuore.
6 Egli sarà come un tamerisco nella steppa,
quando viene il bene non lo vede;
dimorerà in luoghi aridi nel deserto,
in una terra di salsedine, dove nessuno può vivere.
7 Benedetto l'uomo che confida nel Signore
e il Signore è sua fiducia.
8 Egli è come un albero piantato lungo l'acqua,
verso la corrente stende le radici;
non teme quando viene il caldo,
le sue foglie rimangono verdi;
nell'anno della siccità non intristisce,
non smette di produrre i suoi frutti.
9 Più fallace di ogni altra cosa
è il cuore e difficilmente guaribile;
chi lo può conoscere?
10 Io, il Signore, scruto la mente
e saggio i cuori,
per rendere a ciascuno secondo la sua condotta,
secondo il frutto delle sue azioni." -Geremia 17,5-10
cursed maledetto
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Post by Entendance on Jan 30, 2021 8:15:02 GMT -5
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Post by Entendance on Feb 17, 2021 6:05:04 GMT -5
History leaves no doubt that all speculative bubbles pop, and much sooner and more violently than the euphoric participants believe possible.
Before Hammurabi shut down the mania in goats, a rare goat with distinctive markings could be traded for an entire house. After the bubble popped, it was just another goat.
The lifestyle you ordered in the euphoria will be out of stock in the panic. Everyone running Wetware 1.0 is prone to getting caught up in a mania in which a tulip or goat can be traded for a house. But then euphoria flips to fear and after the mania fades and the losses have crushed spirits, hopes and dreams, a tulip is once again just a tulip and a goat is one again just a goat. -Charles Hugh Smith
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Post by Entendance on Mar 8, 2021 5:55:09 GMT -5
You have a choice between the natural stability of gold, and the honesty and intelligence of the members of government.
Vote for Gold. -George Bernard Shaw
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All the laws in 
The Entendance Beach & 
