Categories
economics The Collapse

Housing Bubble?

The Federal Reserve is watching housing prices increase and is claiming that there is a risk of a 2009-esque housing bubble. I am not so sure.

The prices of homes were skyrocketing in 2008. Everyone was in a panic to buy a house, flip it, and get rich. This isn’t that. I think that, unlike 2008, prices of everything are rising, and that is because the value of the US dollar is falling. That is, the US government has printed its way into this mess.

We are not on the verge of a housing bubble popping. We are on the verge of a collapse of the US dollar. In 2008, your home lost half of its value. In 2022, you are at risk of having your bank accounts lose half of their value.

Categories
Presidency The Collapse

So Who Is It Going To Be?

The Democrats have obviously abandoned the Biden regime.

So who is going to replace him? I don’t think it will be Harris, Pelosi, or Constitutionally, it COULD be Obama, but I don’t really see that either. Have we finally reached the point where Americans will support the strongman who promises to fix everything and will hand him supreme but “temporary” power in order to do it? Who will it be?

Categories
Anti American left Presidency Rigging the vote The Collapse

Interesting Position

The sudden interest in the ineptitude of the current resident of the Whitehouse by the US press seems to indicate that they are ready to discard him. American thinker has an interesting take on Obama trying to make a comeback.

My initial thought on Obama getting a third term was “the 22nd Amendment says that a person can’t be President more than twice.” Except that, as the article points out, that isn’t what it says.

Twenty-Second Amendment

Twenty-Second Amendment Annotated

Section 1

No person shall be elected to the office of the President more than twice, and no person who has held the office of President, or acted as President, for more than two years of a term to which some other person was elected President shall be elected to the office of the President more than once. But this Article shall not apply to any person holding the office of President when this Article was proposed by the Congress, and shall not prevent any person who may be holding the office of President, or acting as President, during the term within which this Article becomes operative from holding the office of President or acting as President during the remainder of such term.

22nd Amendment, emphasis added

If Obama is appointed to be the VP to replace Kamala, then Biden is also removed from office, Obama could serve out the remainder of the current term.

How would they remove Harris? What if she were assassinated by a Trump supporting, AR wielding bitter clinger?

Categories
The Collapse

Gas and Oil

The Biden administration, in concert with their allies, have released 60 million barrels of oil from their strategic reserves, but gas prices still continue to rise.

Categories
The Collapse

The Fall

I admit that I did not expect that Canada would fall faster than the US.

A law is being passed that outlaws all protests that are not preapproved by the government.

The police brag that those who protest illegally will hear the jackboots on the ground.

This is the point where the police have openly declared that they are against freedom, and that the war has begun. To those of you who are police officers and still listen to reason- please think about what you are doing. This is the point where the war doesn’t stop when you clock out and go home. Citizens know that they aren’t strong enough to take on the cops and the military in open combat.

So combat will not be open. The citizens won’t see a distinction between “on the clock” you, and “off work” you. You will be an enemy 100% of the time. Why should citizens take you on while you are on horseback, wearing armor, and surrounded by reinforcements? Why not wait until you are out mowing the lawn, all by yourself and unarmed? Why wouldn’t citizens target your wives and children while you are out tramping your jackboots on the heads of old ladies with walkers? Or how far away can a person be in an urban environment with a decent 308 rifle and have a good enough sight line to hit a horse/rider combo? Or a crowd of a few dozen cops? 500 yards? 800?

This is a dangerous point for all concerned. If this sort of thing moves south of the Canadian border, expect things to get sporty.

Categories
The Collapse War on the Right

Behind Enemy Lines

JKB over at GunfreeZone says that Antifa has initiated a shooting war in Portland. If you have been reading this blog, you know that this is nothing new. There were Antifa members carrying out planned and deliberate ambushes in Portland nearly a year and a half ago.

That is why I have been saying that Portland is enemy territory and is behind enemy lines. At least there are still some who will fight back. I just fear that the police, who are already on the side of the communists, will simply destroy the homeowner’s life.

Categories
Economy The Collapse

National Debt

This guy says that a $30 trillion debt isn’t REALLY $30 trillion, it’s more like $22 trillion, and that isn’t really that much. Besides, a large national debt isn’t really a problem.

Categories
Crime Insanity The Collapse

Protecting Criminals

I know that many of us talk about how the government seems to be protecting criminals. In New York, that has become quite literally what is happening. The city has established the country’s first “overdose prevention center” where medical professionals oversee and assist people in administering illegal drugs to themselves.

The people behind it say- and I’m not kidding- that this is based upon science. They are saving lives, don’t you know.

I wonder what science will discover next. Perhaps they will declare that the police need to escort thieves into your home, so that thieves don’t have to risk working and stealing in an unsafe environment. Think of the lives they will save.

Categories
Power Grab The Collapse

Tyranny in Canada

For two years, we have been watching as people the left have been calling “peaceful protesters” killed people, burned down cities, and took over city blocks at gunpoint.

Then the left began to say that anyone who refused to follow mask and vaccine mandates deserves whatever they get in the form of violent physical attacks.

Some Canadian truckers decided to protest by parking trucks in Quebec and honking their horns. That, to the left, is violence that goes too far.

Now the cops are threatening the arrest of anyone who brings food, water, fuel, or any other supplies to the protesters. The blockade was supposed to begin at midnight, but the cops aren’t waiting.

My advice to the truckers: Do what the left has been doing. Wait for the cops to commit violent acts. Make sure a dozen people stream video of the event out on the Internet. Make them famous for beating up an old woman who is handing out sandwiches to hungry protesters.

Right now, it is the court of public opinion that matters. We need as many undecideds, as many soccer moms as possible to see the communists for what they are. Make THEM look like the crazy paranoid nutjobs.

Right now, this is about winning the PR battle. If we can get Suzie Soccermom on board, we win and they lose. If we can get a million trucks to simply stop delivering, they will HAVE to cave. The country will descend into chaos within 48 hours of no food deliveries.

Make it so no one gets food if the protesters in Quebec don’t get food.

Categories
economics Economy The Collapse

Inflation

It’s been a month since we last looked at inflation here at Sector 8.

The government has been creating too many dollars. In December of 2020, one third of all dollars that had ever existed had been printed in the past ten months.

It appears as though the Federal government was just getting started. Six months later in May 2021, it was said that 40% of every dollar that has ever existed was created in the preceding 12 months.

Another 5 months later, that had increased to 80 percent of all dollars that have ever existed were printed in the past 22 months.

This is a cycle that causes hyperinflation: Printing more money causes that money to become less valuable. To counter this, more money is printed, which causes it to become less valuable. Wash. Rinse. Repeat.

In fact, the Fed printed an average of $27 billion per day in 2020 and put those dollars into circulation.

In 2021, the Fed increased that rate to nearly double that. Of course, most money today isn’t physically printed. It exists only in the electronic minds of computer systems. That’s because no one could physically print that many bank notes.

This out of control creation of money is warping the entire economy. Excluding food and energy, consumer expenses are up 4.9 percent from a year ago. This is the largest increase in 40 years.

According to a friend of mine who works in the banking industry, the Fed governors were recently polled on where they see the Federal funds rate going in the next 24 months. The average was 2 percent.

A two percent increase is a big deal. It also isn’t enough. The greatest impact that higher interest rates will have is on the largest borrower in the world — the United States government. The United States national debt is nearly 30 trillion dollars, which it finances through Treasury bills, notes and bonds. The public holds 80 percent of this debt, which requires direct interest payments, rather than ledger transfers on the Treasury books.

The fiscal year 2021 United States budget included over $562 billion spent paying interest on the federal debt. To put this into perspective, the cumulative net worth of the five wealthiest people in the US (Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg and Warren Buffet) was $465 billion. So, the interest paid on the debt in 2021 is more than these five people’s net worth COMBINED.

An increase in those interest rates will cost the government a lot of money. Money that they do not have. Any increase in interest rates will add hundreds of billions of dollars of interest to the federal budget. In fact, a one percent increase in interest rates means an extra $300 billion in interest on our national debt.

The only way for the government to pay the higher interest is- you guessed it- to print the money, which will cause the currency to be devalued, and worsen inflation, which will again cause higher interest rates. Wash. Rinse. Repeat.

We are riding this sinking ship all the way to the bottom.