Germany Building Free Housing for Refugees worth 3 million

In Germany, Martin Schultz wants to give refugees the right to vote. So if he cannot win with Germans, he wants to give the right to vote to refugees to win by bribing them. The German politicians are now giving them apartments they are constructing that cost about 3 million each. The construction costs actually come out to about 1600 per square meter and since each apartment is about 470 square meters, the cost to build one apartment is more than 3 million. It is stunning that Merkel was so fearful of inflation that she would not yield to Greece and saw fit to impoverish the people to pay for the political corruption of their politicians. Yet building dwellings for refugees without language and job skills that cost 3 million each is some how not inflationary.

This post was published at Armstrong Economics on Apr 15, 2017.

Eastern Europe & World War III

Europe could become the site of a new global war in the East as tensions build there against refugees and the economic decline fosters old wounds. The EU is deeply divided over the refugee issue and thus it is fueling its own demise and has failed to be a stabilizing force. After five days of demonstrations, Romania’s month-old government backed down and withdrew a decree that had decriminalized some corruption offenses. They were still acting like typical politicians and looking to line their pockets. After one month, the people have rising up saying ‘We can’t trust this new government.’
On the eastern border of the EU, only a few hundred kilometers from Berlin as well as Vienna, there is a growing danger that the world will stumble into a global war primarily from through the incompetence of the politicians in the EU as well as in the East. The EU is more concerned about punishing Britain and trying to hold on to overpaid political jobs that to address the real issues facing Europe.

This post was published at Armstrong Economics on Feb 8, 2017.

Dear Self-Proclaimed “Progressives”: as Apologists for the Neocon-Neoliberal Empire, You Are as Evil as the Empire You’ve Enabled

Sorry, pal, you’re evil. Self-righteous indignation counts for nothing in the strict accounting of real progressivism. Dear Self-Proclaimed “Progressive”: I love you, man, but it has become necessary to intervene in your self-destruction. Your ideological blinders and apologies for the Establishment’s Neocon-Neoliberal Empire are not just destroying your credibility, they’re destroying the nation and everywhere the Empire intervenes. While you squandered your political capital defending zero-cost causes like “safe spaces on college campuses,” the Empire was busy killing, maiming and making refugees of women and children in Syria. President Obama and his Neocon crew (former Secretary Hillary Clinton included) aren’t fools; they rely on drones and proxy armies to do their dirty work. Neoliberalism is the Establishment’s core ideology, and by supporting Bill Clinton and Barack Obama, you furthered, defended and rationalized the Empire’s neoliberal expansion and exploitation. Neoliberalism’s Big Lie is transforming everything into a market makes everyone richer. The dirty little secret of Neoliberalism is that the markets it creates are rigged in favor of Elitist cronies. If you can set aside your “progressive” blinders for a moment (Bill and Barack could do no wrong for 16 long years of neoliberal exploitation), you might learn that the Presidents and party you supported ushered in the era of neoliberal pillage as public-private partnerships, Philanthro-Capitalism, and rigged markets that enriched the elitist Establishment you defend at the expense of the bottom 95% non-elites.

This post was published at Charles Hugh Smith on MONDAY, JANUARY 09, 2017.

80,000 Catalans Gather Demanding Independence From Spain

After Brexit in the UK and Donald Trump’s election in the US, the political elites of the world are slowly waking up to the inevitability that the will of the people can not be ignored forever. In Northern Europe, the electorate has rebelled against political elites, like Angela Merkel, who have embraced “open borders” and the influx of refugees from war-torn areas in the mid-east that have brought with them increasing violence and terror attacks. In the U. S., the rebellion is the direct result of Americans being fed up with a federal government that is defined by cronyism and complete dysfunction.
Now, the latest demonstration of an electorate fighting back against its elected officials comes from Spain as 80,000 people rallied in Barcelona on Sunday in a show of support for Catalan leaders locked in a political battle with Madrid over an independence referendum. In Catalonia, separatists complain their relatively wealthy region is overtaxed by an oppressive central government in Madrid to subsidize poorer regions of the country.

This post was published at Zero Hedge on Nov 14, 2016.

How The Deplorables Can Save America

In my last article, The Deplorables ‘ Who We Are And What We Want, I examined the basic philosophies that define what I call the liberty movement; the same group of Americans that Hillary Clinton admonishes as part of her basket of deplorables.
It is important to recognize that only foolish progressives actually take Clintons claims at face value. Clinton seeks to characterize a large subset of conservatives as narrow minded when she mentions the deplorables. But, it is how she defines narrow minded that is the crux of the thing.
When people like her talk about racists, they are referring to conservatives who want a secure southern border. When they talk about Islamaphobes, they are referring to people who want to stop Islamic refugees from being bused into the country without being vetted or philosophically and morally acclimated to our way of life. When they talk about sexists, they are usually referring to all males in general, because remember, social justice warriors (SJWs) claim that we are subconsciously sexist, even if we think we are fair to women. When they talk about homophobes, they are referring to Christian bakers who do not want to participate in services for gay weddings despite the fact that they should be perfectly free to refuse association with anyone at any time for any reason.
What Clinton and social justice lunatics are really referring to when they use these attacks are those people who want to be free to think and do as they see fit as long as they are not violating the constitutional rights of others. No one in Hillarys basket is actually narrow minded, but she and her cronies pigeonhole them as narrow minded anyway.

This post was published at Alt-Market on Wednesday, 28 September 2016.

Brussels Nomenklatura Responds To Brexit – – Unveiling Plan For Giant Superstate

The foreign ministers of France and Germany are due to reveal a blueprint to effectively do away with individual member states in what is being described as an ‘ultimatum’.
Under the radical proposals EU countries will lose the right to have their own army, criminal law, taxation system or central bank, with all those powers being transferred to Brussels.
Controversially member states would also lose what few controls they have left over their own borders, including the procedure for admitting and relocating refugees.
The plot has sparked fury and panic in Poland – a traditional ally of Britain in the fight against federalism – after being leaked to Polish news channel TVP Info.
The public broadcaster reports that the bombshell proposal will be presented to a meeting of the Visegrad group of countries – made up of Poland, the Czech Republic, Hungary and Slovakia – by German Foreign Minister Frank-Walter Steinmeier later today.
Excerpts of the nine-page report were published today as the leaders of Germany, France and Italy met in Berlin for Brexit crisis talks.

This post was published at David Stockmans Contra Corner on June 28, 2016.

Another Case For Exit – – -America Should Get Out Of NATO

In its reporting on Brexit, the New York Times asks an interesting question: ‘Is the post-1945 order imposed on the world by the United States and its allies unraveling, too?’
Hopefully, it will mean the unraveling of two of the most powerful and destructive governmental apparatuses that came out of the postwar era: NATO and the U. S. national-security state. In fact, although the mainstream media and the political establishment elites will never acknowledge it, the irony is that it is these two apparatuses that ultimately led to the Brexit vote:
The Times points out:
Refugees have poured out of Syria and Iraq. Turkey, Jordan and Lebanon have absorbed several million refugees. But it is the flow of people into the European Union that has had the greatest geopolitical impact, and helped to precipitate the British vote.
But what was it that gave rise to that massive refugee crisis?
The answer: It was the U. S. national-security state’s regime change operations in the Middle East, including NATO’s bombing campaign as part of its regime-change operation in Syria.
What did U. S. and NATO officials think – that people would simply remain where they were so that they could get blown to bits with the bombs that were being dropped on them, by the U. S. assassination program, or by the massive civil-war violence that came as a result of the U. S. and NATO regime-change operations?

This post was published at David Stockmans Contra Corner By Jacob G. Hornberger, by FFF.Org ‘ June 28, 2016.

Government Sponsored Mortgages Go Full Retard: 2008 Redux-Squared

This is a note to me from one of my Short Seller Journal subscribers:
As a 20 year real estate agent, investor and wholesaler in Atlanta, I’d like to add my comment to your analysis. I totally agree that things are not what they seem to be in housing. I despised the NAR [National Association of Realtors] when I was a member because of their ‘it never rains’ housing reports and their confiscatory attitude toward realtor dues and their subversive political activity. I eventually gave up my agent’s license when they started forced PAC contributions in 2010. Edward Pinto of the American Enterprise Institute told me that NAR is spending $55 million a year for lobbying on housing issues. The NAR never met a loan they did not like.
I’ve been working the Atlanta metro housing market since the early 1990′s. I can tell you that this time around is different in that the home buyers I’m seeing in entry level FHA neighborhoods are mostly ‘minorities’ (some are refugees), and virtually every neighborhood in my general area northwest of Atlanta is being sold with 100% financing via USDA loans. There is NO equity in these neighborhoods, and most of the selling prices are as high or higher than 2006-07. The mortgage fees and costs for things like PMI and funding fees are added into the payment along with ever rising tax and insurance payments. The outcome is not going to be pretty.
I do not know when exactly, but at some point, I’m going to make that massive killing in housing stocks that I missed out on in 2009. I knew that crash was coming as early as 2004, from reading mortgage data, but I did not think to short the home builders! This time I won’t miss. Enjoy your work very much.

This post was published at Investment Research Dynamics on June 28, 2016.