It’s Clear Now That Many Of Us Have Been Correct [They Are Scared]
Fear, Panic Sets In For The [DS], They Will Never Try This Again, Targets Locked
Home Buyers Can Get ‘Free Money’ For Down Payment
Sept 28th, 2019
ENGLEWOOD, Colo. (CBS4) – Colorado home prices have sky rocketed, at the same time that wages have stalled, making it very difficult for many people to put together the money they need to buy a home. The City of Denver sponsors a program that helps fill that gap for qualifying home buyers. It’s called the Metro Down Payment Assistance program. Through a partnership with the Metro Mayors’ Caucus, they’ve expanded the program beyond Denver’s borders.
“Our Metro Down Payment Assistance program is a way to help homeowners to get some down payment assistance by increasing their interest rate just slightly,” explained Britta Fisher, Chief Housing Officer for the City of Denver.
The home buyer works through one of 80 approved lenders to set up a second mortgage for as much as a 6-percent down payment. There are no scheduled payments on that second mortgage, and the loan is completely forgiven after 3-years. In return for this essentially free money, the home buyer agrees to pay a slightly higher interest rate on their first mortgage, with that extra interest going to pay for the second loan.
“It’s a great way to reach a lot more folks at low and moderate incomes,” Fisher told CBS4.
To qualify for Metro DPA, you have to have an income less than $139,200, and a FICO score of 640. You also have to be approved for financing of the house. There are no first time home buyer requirements on this program. And there are no purchase price limits on the house.
“Denver is committed to achieving housing stability across all income levels,” Fisher said.
Metro DPA is among various tools that the City is using to address affordable housing. Millennials have more debt than any other generation. While many of them earn a wage that allows them to pay a house payment, it’s hard for them to put together the chunk of money needed for a down payment.
Rachel Palya is among the home buyers who got the money. She got $14,000 toward her home in Englewood. She bought a mid-century, 3-bedroom, 2-bath.
“I liked the location. I really liked the house, and you know 3-bedrooms is a good amount that you can grow into,” Palya told CBS4’s Britt Moreno.
Palya admits that she still doesn’t know how to use a lawnmower, but she’s embracing homeownership well. She installed a dog door for her precious pooch, Itchy.
“I’m at the age where I just wanted to start building equity in something,” Palya explained.
It’s hard not to want to get into the housing market, when there is free money to help pave the way.
“It’s really nice. I mean why not take the opportunity if it’s there,” Palya said.
Submitted by Dave Hodges on Wednesday, September 25, 2019
Denver House Prices:
House prices in the Denver metro were flat in July compared to June, which whittled down the year-over-year gain to 3.1%, the smallest such gain since April 2012:
The Deep State Runs the American Empire
By Bill Bonner September 24, 2019
Maria’s Note: Maria Bonaventura here, managing editor of the Diary. Bill is unable to pen his daily essay. So instead, we’re passing along one of his classic essays that you’ll want to bookmark. (For curious readers wanting to send Bill “get well” wishes, both his hands are okay now. But he’s come down with pneumonia…)
Yesterday, Bill showed why, for the power-hungry elites that run America behind the scenes, “nothing provides richer targets of opportunity, with so little personal risk, as overextended, reckless overseas meddling.”
Today, an important tale about how we got there… and what comes next. As Bill exposes below, America is fighting all sorts of wars it can never win…
GRANADA, NICARAGUA – Today, we stop the horses and circle the wagons.
For 20 years, we have been rolling along… exploring… discovering…
We began with the assumption that we didn’t “know” anything… so we kept our eyes open.
Now we know even less.
But we’ve covered a lot of ground. So let’s take a brief pause to get our bearings… and to sit in front of the campfire and tell our tales.
New readers of the Diary are invited to pull up a log. You need to know what we’ve seen so far. It will help make sense of what you read tomorrow and in the future.
And, yes, this is going to take a little longer than a normal Diary…
We’ve been exploring a wilderness unknown to most humans – a money world that is very different from the way it is s’posed to be. In the press lately are reports of “fake news.” Well, guess what? The money system is fake, too.
If you are an investor… or preparing to retire… or just someone who is interested in how the world works, listen up.
Because it doesn’t work the way they tell you in the civics books… Economics 101… or the mainstream press. It is much more complex, corrupt, and dangerous.
But let’s start with the government, which controls – directly or indirectly – about half the U.S. economy. It was not intended to be so big, so powerful, and so intrusive. But then, it hardly resembles the blueprint described in the Constitution.
Elections matter a whole lot less than you think.
As the great Italian economist Vilfredo Pareto explained, no matter what you call your government, over time, it will be taken over by the cunning insiders and hustlers he called “foxes.”
There are always some smart people able to manipulate, control, and subvert the government and use its police power (governments claim a monopoly on the use of violence) to get what they want.
What do these foxes want?
Money. Power. Status. The usual.
There is nothing underhanded about it. Nothing sinister or surprising. And you don’t need to believe in conspiracies to understand it.
The subversion takes place right out in the open. But because it is so different from what we are looking for, we don’t even see it.
But it’s really very simple: You spend your time earning money. The foxes spend their time figuring out how to get it from you – by taxation, legislation, regulation, or an ingenious phony-money system.
The concept of the “Deep State” was first applied to countries such as Turkey and Egypt.
These were places where military-police-security insiders put screws to your thumbs, forcing you to do as you were told. Elections changed ruling parties and their leaders. But the real power was elsewhere.
Author Mike Lofgren popularized the use of the term in the U.S. But he had a much broader view of the Deep State. Lofgren:
The Deep State is the story of our time. It’s the thin red line that runs through the war on terrorism, and a militarized foreign policy. Also the financialization and deindustrialization of the economy, and a social structure that has given us the most unequal income distribution in almost a century.
Lofgren worked as a congressional staffer with “Top Secret” clearance for decades. He noticed that business went on as usual regardless of which party won the White House.
Gradually, he came to see that the public spectacle we see on TV and call “politics” is only a small part of the governing system.
The important decisions are made by the “foxes” – bureaucrats, lobbyists, campaign contributors, and crony businesses.
It was no accident, for example, that not a single member of Congress even bothered to read the Obamacare legislation – a sweeping program that affected almost everyone and altered one-seventh of the nation’s GDP.
They knew there was nothing they could do about it.
The Deep State is big… diffuse… and adaptable. Lofgren calls it a “hybrid association” of key elements of government and parts of top-level finance and industry.
It is respectable – even prestigious – including university professors and think tank analysts as well as lobbyists and contractors. It doesn’t care which passport you hold, which party you vote for, or what you think.
It includes liberals and conservatives. Republicans as well as Democrats. Platonists and Aristotelians.
Internally, these different interests compete for money and power.
The “conservatives,” for example, want to direct more of your money to the military-security industries. The “liberals” want to favor cronies in the social-welfare industries.
Even within sectors, there is competition. The Navy may want more ships. The Air Force may want more planes. The Army may want more tanks.
Bread and Circuses
Most of the news you hear focuses on these battles within the Deep State to see who will get the most of your money.
Elections shift the favors from one crony industry to another. The faces change. Budgets are adjusted, marginally. But the major goal of the insiders remains: to keep the power and money headed in their direction.
The headlines can rant about a victory for the right or a defeat for the left. But behind the scenes, the real winner is always the same: the Deep State itself.
That’s why, though President Obama and President George W. Bush were very different personalities with very different ideas, they kept the major programs going in the same direction for the last 16 years: war abroad and entitlements at home.
If the expression “war and entitlements” has a familiar ring to it, it is no accident. “Bread and circuses” was a similar expression 2,000 years ago.
Not much has changed. Rome was an empire then. The U.S. is an empire now.
“Avoid foreign entanglements” was advice given to the new nation by its “father,” George Washington. But a century later, the advice was forgotten.
And today, there is scarcely a foreign power anywhere in the world – no matter how insignificant – with which the U.S. doesn’t want to tangle…
…and no messy war, clumsy trade deal, squirrelly treaty, or wasteful foreign aid program that it doesn’t want to get entangled in.
There are patterns in history as there are in an individual life. People are born. They grow up. They make mistakes. And then they die.
So, too, does a nation grow. And if it is able – if it develops sufficient firepower – it becomes an empire, not just a nation among equals, but primus inter pares.
It becomes “America First.”
America first took the road to empire around the same time that its GDP became the world’s largest – in the 1890s.
President Teddy Roosevelt and newspaper mogul William Randolph Hearst ginned up the Spanish-American War.
Roosevelt, vainglorious and bullheaded, pioneered the art of killing barely armed foreigners for Great National Purpose.
His Rough Riders invaded Cuba and then the Philippines. As many as a quarter of a million Filipinos died to make English the country’s official language.
Obviously, the Philippines posed no threat to the safety of the United States of America. But when an empire’s blood is up, there is no stopping it.
Empires follow paths of their own – dictated neither by voters nor by elected leaders.
People don’t necessarily want to have an empire. They don’t necessarily believe you when you tell them they have one, either.
Most Americans – even today – believe they live in a republic governed by the Constitution.
But they come to think what they must think when they must think it.
Empires require imperial thinking. People think that they should go to “war” with crime, drugs, and poverty at home.
And overseas, they invade Vietnam… Grenada… Afghanistan… Iraq… you name it.
The wars are rarely “won” in a conventional sense. It is almost impossible to win them because the war aims are often unclear or simply unattainable.
In the War on Drugs, for example, the more the feds try to stop drug use, the more the profit margins for illegal distributors fatten, attracting more dealers and more drugs.
And in the War on Terror, it is unlikely that victory is even conceivable. Terror is a tactic, not an enemy. It is not going to disappear.
But as senseless as these wars appear, there is a hidden motive. Wars are profitable – for the Deep State and its war industries.
The wars provide a justification for shifting wealth from the real economy to the war economy. And from people who engage in win-win transactions – trading goods and services with each other to make each other’s lives better – to the win-lose economy of guns, prisons, and artificial legs.
Empires love wars. But America’s foreign wars – like so much else in our current monetary-government system – are fake. There is no real danger from the enemy.
None of America’s enemies from the past half century were capable of invading the U.S., stealing our money, ravaging our women, or defeating our armies.
These fake wars were simply a way of transferring money – from the people who earn it to the foxes in the war-fighting sector, including the Pentagon.
General Smedley Butler, who served in the Philippines as well as in World War I, was at his death the most highly decorated Marine in history. He summed up his role:
I served in all commissioned ranks from a Second Lieutenant to a Major General. And during that time, I spent most of my time being a high-class muscle man for Big Business, for Wall Street, and for the Bankers.
“And for the politicians and the Deep State,” he might have added.
Like financial bubbles and love affairs, empires are unstable.
Typically, an empire expands until it is either defeated or bankrupted – often both. As more and more of the economy is put on a war footing, less and less is available to produce real wealth.
Growth slows. Debts increase.
Eventually, the debts implode… and the empire is out of business.
Alternatively, or often in parallel, as the empire reaches farther and farther from its homeland, it creates more and more enemies.
Eventually, it is “overstretched” and is ready for a comeuppance – usually delivered as a mortal blow by the empire next in line.
Metro Denver home price gains once leading, now lagging
Denver-area prices up 3.4% vs. 4.9% nationally, Zillow reports
By ALDO SVALDI | email@example.com | The Denver Post
September 24, 2019 at 6:00 am
Below average isn’t something most people aspire to, but that is what homeowners in metro Denver likely face after years of robust home price appreciation, according to Zillow.
Zillow said its Denver Home Price Index has risen 3.4% to $411,200 the past year through August. That contrasts with a gain in the national index of 4.9% to $229,600.
Higher interest rates weighed on the market in the first part of the year, and when they moved lower again, home price appreciation accelerated, but at a more modest pace.
“We have persistently strong consumer confidence and the significant drop in mortgage rates to thank for the housing market’s return to modest home value growth,” Skylar Olsen, Zillow’s director of economic research, said in her report.
Annualizing the quarter-over-quarter change through August, home prices are rising 3.4% nationally, while metro Denver’s gain is only running 1.1%, according to Zillow.
Both those are better than the 0.4% quarterly annualized pace seen in May for the U.S. and Denver’s annualized 0.6% decline.
Not every market saw gains turn positive again with lower mortgage rates. In California’s San Francisco and San Jose markets, home prices are down 1.9% and 10.8% respectively over the past year, according to Zillow’s counts.
And they are dropping on a quarter-over-quarter annualized basis in Las Vegas, Chicago, Portland, Seattle, Sacramento, Boston, Baltimore, New York, Los Angeles, Washington, D.C., and San Diego.
Major metros where homeowners are enjoying the greatest price momentum are Indianapolis, up 7.9%, Charlotte, N.C., up 7.1% and Atlanta, up 6.9%.
Tony Carnesi, CEO and managing broker of Keller Williams Realty DTC, said the prime summer selling season wasn’t as robust as expected this year in metro Denver, which he attributed to a colder than usual May and June.
“We had such a weird summer,” he said. “We usually see a summer spike. We never saw that. Our summer got so compressed.”
His hope is that the sales that were delayed this summer show up in the fourth quarter, or what he calls the second season.
Part of the struggle the local market faces is that sellers continue to hold unrealistic expectations of what they can get for their homes. That stubbornness has caused some listings that went on the market in March to still be sitting there.
“A lot of sellers have been overpricing their properties, and they are taking longer to sell,” he said.
To back up his point, he provides some statistics from the past week. In the past seven days in the six-county core metro area, there have been 1,847 new listings, but also 2,091 price decreases on existing listings.
But there were also 1,993 listings that went under contract, which points to demand still being there, he said.
Tips for Homeowners on Getting Their House Ready for Sale
by Alice Robertson 9-24-19
Tips for Homeowners on Getting Their House Ready for Sale
As you’re walking around your house, you might be wondering how to whip it into shape so you can get it sold. The good news is that there are some very simple things that can make the difference between a quick sale and having your house languish on the market.
It Pays to Declutter
One of the first things you must do to get your house ready for sale is to get rid of the clutter. If you’re wondering where to start, then this handy guide from The Spruce will help you go through each room and determine what needs to go. Before you start, it helps to have bags or containers dedicated to things you want to discard, donate, and keep. In the bedroom, you should clear the tops of dressers and chests of items that you haven’t used in a while. Afterward, you can go through each drawer and do the same. Your closet might be a challenge, but if you stack clothes according to type or style, it makes it easier for you to determine what you need. As your discard pile grows, you might find that it’s too much for your residential garbage service. At that point, it would make sense to rent a dumpster to dispose of your clutter.
Personal Touches Aren’t Your Friends
Before you decided to sell the house, it was nice to have people recognize your personalized additions. Now that you’re trying to appeal to your average buyer, though, you’ll have to remove anything that makes the buyer think about you and your family. According to For Sale By Owner, depersonalizing your house can range from repainting bright walls and removing old wallpaper to taking photo collections down. It’s also best to put away toiletries in the bathroom and remove artwork from the refrigerator. When it comes to choosing paint colors, white and light gray work well on the interior of your home, while blue and gray work well for the outside. If you have large pieces of furniture that would stick out when showing the house, you should explore potential storage options.
Create an Irresistible Home
With the clutter and personal items gone, you can now stage your home. You should thoroughly clean the house including any carpets or rugs. It’s best to rearrange your furniture so the rooms look larger but the foot traffic can still flow freely. In the bedroom, it’s best to use fresh, white bedsheets and open up your clutter-free closets. Wherever it’s possible, use the home’s natural light to brighten rooms and play up natural attributes. When staging, don’t spend all your time on the inside because a strong curb appeal can really get buyers excited to see your house. Some of the ways you can improve curb appeal are manicuring the lawn, pruning the trees, cleaning the walkway, and adding a few brightly colored flowers to the yard.
Why Staging Is Important
When you stage your house, you give buyers a chance to see your home’s potential. Based on recent statistics,
it was found that 49 percent of realtors thought staging had an impact on buyers, and 81 percent of buyers found it easier to see themselves living in a home that had been staged. Since it’s common knowledge that homes that spend a long time on the market may have a hard time getting their asking price, it’s important to know that staged homes have been found to spend 73 percent less time on the market. In addition to that, real estate agents report that staged homes generally sell for 6 percent above their asking price.
Selling your home can be challenging enough without having to worry about whether you’ll get the price you’re asking for. You can avoid quite a few problems by making sure your home appeals to the greatest number of buyers.
Adams warns: Authoritarians are racing to take away your liberties before the coming debt collapse
Friday, September 20, 2019 by: Mike Adams
(Natural News) Are you baffled by the sudden aggressiveness of the push to confiscate your guns and silence your voice? Why are both the First and Second Amendments under such seemingly desperate assault by authoritarian tyrants?
The answer is that people in high places know that a global debt collapse is on the verge of breaking out, and when the chaos comes, they don’t want the masses to be able to speak out or fight back.
They want you to be completely enslaved, disarmed and silenced. That way, globalists can exploit the unprecedented chaos to assert even more authoritarian control in the name of “emergency powers” that effectively end all civil rights.
“Never let a crisis go to waste”
Every crisis, of course, is used by authoritarians to ratchet up their power and control. But they can’t have citizens remaining capable of defending themselves or thinking for themselves, otherwise people might question the tyrants (or refuse to go along with them).
The powers that be insist on being able to force vaccines into your body and corral you like cattle. They demand total control over your mind, your memories, your consciousness, your money, your health, your speech and your liberties. No shred of individual liberty can be tolerated in their authoritarian society, and they will use the coming global debt collapse to crush dissent and even dispatch death squads to take out their political opponents. Martial law will be declared and, if they can sweep Trump out of power, a nationwide gun confiscation program will be initiated while declaring all gun owners to be domestic terrorists. (California has already jump started the process by declaring the NRA to be a terrorist organization.)
This is what’s coming, and if you aren’t ready for it, you will be crushed by it.
The Economic Plan Evolves, Trump Using Debt As A Weapon
Get economic collapse news throughout the day visit http://x22report.com
Report date: 09.22.2019
Trade talks between the US and China are continuing, Trump hopes to have a full deal before the election in 2020, if not the deal will be a tougher deal for China. Trump is using debt as his weapon, the debt load on the US and every country is harming the people and not benefitting the countries. Trump calls out the Fed again for not lowering the interest rates.
Economic & Civil Calamity Possible – Karl Denninger
By Greg Hunter On September 18, 2019
By Greg Hunter’s USAWatchdog.com
Analyst and entrepreneur Karl Denninger says the economy is good for some people but not so good for others. Denninger explains, “I think it is very good for people in the top couple of percent. I think it is moderately okay for people in the top 10%. It is terrible for people that are further down the line. The real problem is not that it is good or bad for any particular group, but it is the entire thing is running on borrowed funds. In other words, the days of you going and working and you saving your economic surplus, that’s gone. You don’t have an economic surplus. If you look at the statistics and they say the majority of Americans cannot come up with $400 for an emergency, please tell me how we can have a great economy if the majority of people cannot fix a transmission if it blew up in their car tomorrow.”
So, why are big money managers and investors like Ray Dalio and Mark Mobius telling people to buy precious metals? Do they see the economy hitting the wall? Denninger says, “Everyone sees the wall. Everyone sees the problem. The monthly Treasury statements are public. Go pull it up on a computer. . . . It is the general ledger of the federal government, and it’s terrible. The thing is everyone knows it is terrible, and it has been terrible for a long time. It was terrible when Obama was President, and it is terrible now.”
Denninger contends that there is so much debt and leverage in the world that the whole economy could turn dramatically worse without much warning. He also thinks we would not just face a financial calamity as in 2008, but possibly extreme social unrest given the partisan political environment. Denninger says, “You need to be looking at what sort of exposure do you have if everything goes down the toilet. Also, we don’t just have an economic calamity, but we have a civil order calamity because the people on the Left want that. . . . We have two candidates running for President, and thank goodness that they are both polling at 1% so they have zero chance of winning, but they say they will start a civil war, and they are willing to kill 15 million Americans, murder them, if they don’t get their way on guns. I don’t know if anybody understands how dangerous that statement is. . . . That’s a civil war. That’s what is going on in Yemen right now. . . . Look what just happened in Saudi Arabia. They had 10 drones, and they blew up some stuff. How hard would it be for somebody dedicated to do something like that in this country and cripple some of our cities? How long would civil order persist if that happened to, let’s say, Chicago, and the official estimate is it will be two or three months before the power comes back on? I don’t want to see this, but you have politicians that are making noises who are going to try to impose this sort of stuff. . . . If you are dependent on the medical field or you have debt and a job and you can’t make it for three to six months without them, you’ve got a problem and you need to do something about it.”
Join Greg Hunter as he goes One-on-One with Karl Denninger, founder of Market-Ticker.org.
Obama Ordered FBI & CIA to Spy on Trump – Kevin Shipp (Pt #1 & #2)
By Greg Hunter USAWatchdog.com On September 15, 2019
Former Assistant FBI Director Andrew McCabe looks like he is going to be charged for his role in the Trump Russia hoax to try to remove a duly elected President from office. Former CIA Officer Kevin Shipp, who is an expert on counter-intelligence, says McCabe is going roll over on his co-conspirators and talk if the DOJ cuts him a deal. Shipp explains, “Yes, I do think he will talk, absolutely. It’s either that or be imprisoned with Billy Bob for the next 15 or 20 years. The motivation is great for him to talk. . . . This is one of their most outrageous things the Shadow Government and the Deep State has done. They ran a counter-intelligence espionage operation, and that was their excuse to open an investigation. . . . It is clear to me that spying on Trump was ordered by Obama. It had to be, no doubt about it. He gets a Presidential brief on what the FBI, CIA, NSA are doing every single day. The FBI spied on the Trump campaign with an unprecedented domestic spy operation, and that is rocking this country.”
Shipp points out that what happened with President Trump is a first in U.S. history. Shipp says, “This is huge that they had a domestic spying program involving CIA and FBI informants targeting a Presidential candidate and then the actual President himself. This has never happened before, and I am hoping it will never happen again. This must come out. It has to come out if we are going to retain our democracy and our constitutional republic. These people have got to be exposed, they have got to be indicted, and they have to be charged. If they are not, it’s pretty much over for our justice system.
Join Greg Hunter as he goes One-on-One with former CIA Officer and whistleblower
Kevin Shipp, author of the top-selling book about the Deep State called “From the Company of Shadows.”
Kevin Shipp gives a short daily update on top stories on his website called FortheLoveofFreedom.net. You can also scroll down to the middle of the page and support Shipp with your donations. If you want to become a Patreon member to get weekly detailed and in-depth briefings and analysis on current events, Click Here.