George Floyd Trial.

[Smitty-48]

this was even the origin of Woke

because in the 1970's funding for colleges collapsed

the college professors who had been having a great time in the 1960's were losing their jobs

this is when colleges started to court the money, the elite money, leading to the big money Woke colleges of today

Woke is simply a function of the Academy subordinating itself to the interests of the power elites

[The Conservative]

All I can say is I hope they don't fuck things over until after I get a house by third quarter of this year.

[Smitty-48]

All I can say is I hope they don't fuck things over until after I get a house by third quarter of this year.

when it comes to fully detached homes at a desirable location, there is no bubble

for that asset class, the prices are rising by supply and demand, there is a shortage

so it's more about what you buy and where, fully detached at desirable location can't lose

[Smitty-48]

in terms of mechanisms for social control

the biggest one I see is Quantitative Easing

Central Banks buying bonds to keep the interest rates net negative

that is the deflationary effects of 2008 in action

if at any point QE comes to an end, the effect would be a Benefits Cliff

once the middle class goes flying off that cliff into rising interest rates, that will probably be the sea change

that's where the pendulum would swing away from Woke back towards Trumpism

the Biden Administration can do a lot of damage, but they won't put Humpty Dumpty back together again

this will crash & burn in the end, which is how Obama led to Trump in the first place

[Smitty-48]

in terms of prepping

aside from moving out of urban / industrial centres to buy a fully detached home at a desirable location

the next things to do would be to harden against rising interests rates, get rid of non productive debt

while hardening against inflation by investing in hard assets, fine art, fine wine, crypto, what have you

at which point rising interest rates are not such a burden and you can offset by moving into fixed income

inflation is not necessarily a bad thing, you just have to make sure to prepare for it, observe, orient, decide, act

[Smitty-48]

in terms of personal security, I frankly find the police to be the most menacing

it's like this lady cop in Minny goes to Taser a guy

but yanks out her Glizzy by mistake and pumps him full of lead

yikes

cops everywhere are on a hair trigger

I am not confined to my home per se

but I find it's just best to minimize time on the street with the Keystone Cops as a general rule in this era

I went to visit Capps just twice, and both times I was pulled over and hassled by the hair trigger cops

it's not racism which gets black men shot, they just have more contact with the police

the more you interface with the cops the more likely you are to encounter a bad outcome

[SuburbanFarmer]

Whether to buy now, or wait for the demand to pop... that is the question.

[Martin Hash]

Whether to buy now, or wait for the demand to pop... that is the question.

Smitty’s correct on this: if it’s your forever home, how much it costs is almost immaterial.

[SuburbanFarmer]

Whether to buy now, or wait for the demand to pop... that is the question.

Smitty’s correct on this: if it’s your forever home, how much it costs is almost immaterial.

It’s pretty damn material when you’re paying a mortgage at 70.

[Martin Hash]

Whether to buy now, or wait for the demand to pop... that is the question.

Smitty’s correct on this: if it’s your forever home, how much it costs is almost immaterial.

It’s pretty damn material when you’re paying a mortgage at 70.

Assume inflation.