Saturday, June 6, 2020

Should you tell people you’re a prepper? Experts say keep your cards close to your chest

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by Isabelle Z., Natural News:

If you’re a prepper, you’re rightfully concerned about what could happen in the event of a disaster. You’ve been trying to consider all the eventualities and prepare for them, and perhaps you’ve even been telling friends and family about your efforts. You might have the best of intentions in wanting to help them, but this kind of openness could end up backfiring on you should the worst happen, according to experts.

Most preppers fall into one of three categories, according to Living Life in Rural Iowa. People in the first group take security very seriously and avoid discussing their plans with anyone. Even those who know them well might not have any idea that they’re so thoroughly prepared. Anyone who lives with them and is privy to their stockpiles and other preparations knows not to discuss it with anybody else.

No Virginia: The Falling Housing Market Isn’t About Tight Inventory

by Dave Kranzler, Investment Research Dynamics:

The National Association of Realtors released its monthly “Pending” home sale report for April this morning. It fell 1.3% from March. The Wall Street analytic “brain trust” was looking for a 0.4% gain. The housing data is repetitively coming in well below Wall Street forecasts. This is emblematic of the unrealistic amount of “hope” built into the psychology of the American investor, who wants badly to believe anything he is told by “experts.” A cynic might say it’s adverse denial of reality…

The NAR’s chief pimp, Larry Yun, once again is blaming the bad numbers on shortages of homes across the country. This narrative is the pinnacle of mendacity. Too be sure, in certain “hot” areas, there is a shortage of sub-$500k homes. Blame the Government, which has made available Taxpayer-backed mortgages to anyone who can fog a mirror – see this article, for instance. And blame the flippers, who are snapping up low-priced homes on the hope that they can turn it around and sell it to one of the fog-the-mirror buyers using a Government subsidized mortgage.

Update on the Splendid Rental Bubbles & Crashes in the US

by Wolf Richter, Wolf Street:

Chicago’s rents in free-fall, Washington DC’s suddenly plunge, New York’s fall to third place. But rents soar in Southern California and other parts. Bay Area and Seattle “mixed.”

Four observations first:

One, New York City’s median asking rent for two-bedroom apartments – long the second-highest in the country, after San Francisco – was surpassed in May for the first time by Los Angeles. Two factors: 2-BR median asking rent in New York City plunged nearly 20% from the peak in March 2016, while it soared in Los Angeles.

“I Arrived In Brazil In The Middle Of The Zombie Apocalypse…”

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from ZeroHedge:

Brain Winter, Editor-in-Chief of Americas Quarterly, has just returned from a week in Brazil, and what he describes is incredible.

The once unthinkable is now becoming normal…

SÃO PAULO – I arrived here on Sunday in the middle of the zombie apocalypse. Or so it seemed. A nationwide truckers’ strike was in its seventh day and 99 percent of São Paulo’s service stations had run out of gasoline. The roads of South America’s biggest city were deserted of cars and people, and the skies were a murky gray. The normally hellish drive from the airport, which often lasts two hours or more, took a disconcerting 23 minutes.

The Cognitive Dissonance Surrounding Donald Trump

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by Brandon Smith, Alt Market:

In general, it has always been dangerous to put blind faith in human icons of any kind; not to mention, entirely unnecessary. The maxim that one “should never meet their heroes” is something far more people should take to heart when applying elevated status to political leaders in particular. Hero worship of a celebrity is unhealthy, but hero worship of a president can be truly dangerous.

Why? Because political power relies mostly on “human capital” — the number of people within a society that are willing to support or even fight for a particular change. Swaths of citizenry can be wielded by politicians with ill intent like a weapon to create the illusion of consensus and dramatic reversals in cultural principles. These changes usually tend to involve more control for government and less freedom for the public and can last for generations.

The Truth About The Employment Numbers – Nearly 102 Million Working Age Americans Do Not Have A Job Right Now

by Michael Snyder, The Economic Collapse Blog:

Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media. The truth is that they actually aren’t very good at all. For years, the federal government has been taking numbers out of one category and putting them into another category and calling it “progress”, and in this article we will break down exactly what has been happening. We are being told that the U.S. unemployment rate has fallen to “3.8 percent”, which is supposedly the lowest that it has been “in nearly 50 years”. If these were honest numbers that would be great news. But these are not honest numbers…

Deutsche Bank, not Michael Cohen, May Be Donald Trump’s Biggest Problem

by Pam Martens and Russ Martens, Wall St On Parade:

Yesterday the Wall Street Journal dropped a bombshell into financial markets with a report that “about a year ago” the U.S. Federal Reserve had “designated Deutsche Bank AG’s sprawling U.S. business as being in a ‘troubled condition.’ ” The Financial Times added to market angst by also reporting yesterday that the FDIC, which provides Federal deposit insurance to U.S. banks, has designated Deutsche Bank as a “problem bank” sometime within the past year. Until yesterday, both of these actions by Federal regulators were secret and unknown to Deutsche Bank’s shareholders, to the markets and to the New York Stock Exchange where Deutsche Bank’s stock trades in the U.S. Over the past year, Deutsche Bank’s stock has lost more than 40 percent of its value as a result of a lack of positive earnings for three years and serial regulatory lapses and settlements.

OUR USUAL AND CUSTOMARY RAID ON GOLD/SILVER ON THE JOBS REPORT/GOLD DOWN $5.10 TO $1295.70

by Harvey Organ, Harvey Organ Blog:

SILVER DOWN 3 CENTS TO $16.43/ANOTHER FICTITIOUS JOBS REPORT : OF THE SUPPOSED 223,000 JOB GAINS, ALMOST 100% COMES FROM THE B/D PLUG AT 215,000 /ITALY APPROVES THEIR NEW FINANCE MINISTER AND HE IS MORE EUROSKEPTIC THAT THE PREVIOUS ONE/SPANISH PARLIAMENT IMPEACHES RAJOY AND WE NOW HAVE A NEW SOCIALIST GOVERNMENT IN SPAIN/DEUTSCHE BANK DOWNGRADED BY S AND P AND IN TROUBLE/BRAZIL’S TROUBLES GOES FROM BAD TO WORSE AS PETROBRAS’ CEO QUITS SUDDENLY/THE COUNTRY IS STILL UNDERGOING A TRUCKING STRIKE AS THE ENTIRE COUNTRY IS PARALYZED: ITS GDP HAS FALLEN BY 38%/ ONE SWAMP STORY FOR YOU TONIGHT

Vegas Docs Reveal Stephen Paddock Told Uber Driver About A “Terrorist Attack For Mandalay Bay”

by Laura Loomer, Laura Loomer:

A witness statement that is part of a batch of newly released police documents concerning the Las Vegas shooting reveals that in the days before the Las Vegas shooting, Stephen Paddock and a woman were picked up by an Uber driver who said Paddock “commented on the Mandalay Bay Area for a terrorist attack” as he was being dropped off at the Mandalay Bay.

The witness statement is one of many previously unspoken statements that were released nearly one week ago after a judge ordered them to be released.