Ripped From The Headlines, December 5, 2022
Affordable Housing Out of Reach, China Has Police Stations All Over The World, US Insolvency Inevitable. Sponsor Ripped From The Headlines! Email asksherloc@protonmail.com.
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“Once-Affordable US Housing Markets Are Now Out of Reach for Most”
“As US home prices soared out of reach for many Americans, some corners of the country that used to have affordable housing markets have seen some of the steepest increases.
In 75 cities, home prices that used to rank better than the national average for affordability are now worse than average, according to data compiled by the Federal Reserve Bank of Atlanta. The biggest swings since the pandemic began were in Glenwood Springs, Colorado and Seneca, South Carolina.
Nationwide, housing affordability is the worst on record, according to the Atlanta Fed data. That’s the result of a combination of soaring home prices while borrowing costs were cheap, and now the steep jump in mortgage interest rates as the Fed tightened monetary policy to fight inflation.”
“Beijing has set up more than 100 so-called overseas police stations across the globe to monitor, harass and in some cases repatriate Chinese citizens living in exile, using bilateral security arrangements struck with countries in Europe and Africa to gain a widespread presence internationally, a new report shared exclusively with CNN alleges.
Madrid-based human rights campaigner Safeguard Defenders says it found evidence China was operating 48 additional police stations abroad since the group first revealed the existence of 54 such stations in September.
Its new release – dubbed “Patrol and Persuade” – focuses on the scale of the network and examines the role that joint policing initiatives between China and several European nations, including Italy, Croatia, Serbia and Romania have played in piloting a wider expansion of Chinese overseas stations than was known until the organization’s revelations came out.”
“America's Insolvency Is Mandatory”
“In October, the U.S. national debt reached $31 trillion, and the government is projected to wade another trillion dollars into the red in the 2023 fiscal year. The longer-term picture is even gloomier, with the deficit expected to double to $2 trillion by 2030.
Indeed, the longer the horizon, the worse things get. At 98% of Gross Domestic Product, the current national debt is the highest it’s been since just after World War II. On its current course, the debt will soar to 185% of the country’s entire economic output by 2052.
What’s particularly troubling is that the government’s 2022 $1.3 trillion-dollar deficit came at a time of near-record tax intake. At 19.8% of GDP, Uncle Sam’s 2022 tax haul was close to the all-time high of 20.5% set in 1944.
Washington doesn’t have a revenue problem — it has a spending problem.”
Reality Monday, Ripped From The Headlines. Things To Ponder:
The Housing Market Continues To Be a Harbinger…
No matter what’s going on, this just won’t go away…
When the places you could afford to live… are no longer affordable…
And salaries don’t keep up with the pace…
YOU CRASH, PERIOD.
CHINA HAS PERMISSION TO SET UP “POLICE STATIONS” IN OTHER COUNTRIES
Let that sink in for a minute…
Other countries, including the United States, are allowing China to set up police stations to “…monitor, harass and in some cases repatriate Chinese citizens living in exile, using bilateral security arrangements struck with countries in Europe and Africa to gain a widespread presence internationally.”
WOW.
What else do you think those “stations” are being used for?
So… that feeling you have that the US Government is spending that an out of control addict aren’t so crazy after all…
It’s crazy to see this:
“What’s particularly troubling is that the government’s 2022 $1.3 trillion-dollar deficit came at a time of near-record tax intake.”
But are you really surprised?
The question is, what happens when the bubble pops?
What Does This Mean?
Your security and sovereignty are being eroded so rapidly, that there may not be a way back from it.
The question (once again) to ask is this: What happens if when the US becomes insolvent?
Other countries are already thinking about it. Click Here to see their plan.
Why Should I Care?
The anchors of your wealth, and the people who generally control the outcomes around it, aren’t doing well and are nakedly corrupt and getting away with it.
You should care.
Who is watching the watchers?
What Should I Do?
We always tell you to GET MOVING ASAP. So you know that’s the case again today.
We’ll add that your sense of urgency, if it isn’t already peaked, should be.
AND: Share what you get from this newsletter. It’s OK if you don’t understand it all.
Tell them to ask us.
You need to get moving.
Now.
Your future depends on it.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
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