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LNN

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    2022: A new "Bretton Woods" agreement decides on Bitcoin rather than Gold as a base asset

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    After the Real Estate implosion of the spring of 2021, and subsequent Bond and stock market crashes the debasement of the US dollar is at an extreme point of hyperinflation and lack of confidence. The IMF call for a new Bretton Woods agreement (that part has already happened btw).
     
    At this historic meeting Gold is deprecated as a base asset due to counterfeiting and the arbitrary and sometimes fraudulent daily spot pricing by the 5 nefarious banksters who gather via speakerphone each morning in London.
     
    This fulfills Bible Prophecy in Ezekiel 7: "They will throw their silver into the streets, and their gold will become abhorrent to them."
     
    All countries within the UN (IMF / World Bank) can only agree on an international standard that can't be manipulated by China, Russia or the USA. Bitcoin.
     
    The SDR's (Special Drawing Rights) of the IMF are now based on Bitcoin alone. Each day they publish the currency of each nation in the amount of Bitcoin it is worth.
     
    Once adopted, the government of each country begins to dismantle and reengineer their central bank's role versus the role of the Treasury.
    Banksters are being imprisoned around the world on charges of exploitation and "crimes against humanity".
     
    The individual currencies of the major nations begin to become less relevant by the year.
     
    Someone should make a movie about this ..... PM Me. 😉

    Bitcoin future price prediction by a few people

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    • Alistair Milne (British investor and entrepreneur)  $120,000 USD by 2021
    • Max Keiser (Founder and CEO of Heisenberg Capital): $400,000 USD
    • Anthony Pompliano (founder of Morgan Creek Digital): $100,000 USD by 2021
    • Tim Draper (Bitcoin advocate and venture capitalist): $250,000 by 2022
    • Raoul Pal (CEO of an investment strategy research service The Global Macro Investor): $1 million by 2025
    • Jeremy Liew (partner at Lightspeed Venture Partners and the brain behind Snapchat): $500,000 by 2030.
    • (Citibank) Fitzpatrick's prediction is $318,000 for Bitcoin price in December 2021

    President Dwight Eisenhower

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    "Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter with a half-million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. . . . This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron." - Eisenhower

    The Housing Bubble Is Even Bigger Than The Stock Market Bubble: Be Ready For Housing Apocalypse!

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    The housing market is about to explode into a full-blown disaster. Millions of tenants have been piling up their debt during the current recession and economists alert for a gigantic wave of evictions, foreclosures, and bankruptcies which could trigger a chain reaction leading the real state market to a crisis just as disastrous as the 2008 crash. Nobel Prize Winner Robert Shiller affirms that the housing price bubble largely exceeds the stock market bubble, and things are about to get unsustainable pretty soon. In this video, we examine the chaotic situation of the housing market according to experts' perspectives and expose the many determinants that have been inflating this massive bubble. As soon as the year turns, several cities will face a storm of evictions, foreclosures, and bankruptcies as the housing bubble that has been massively inflating throughout the year will explode into a full-blown disaster.

    With tens of millions of Americans out of their jobs and unable to pay rent for the past several months, leaving building owners struggling to meet their mortgages payments, a new study by the nonprofit CSS alerted that this situation will probably set off a chain reaction that could ultimately lead to a housing crisis comparable in scale to the 2008 crash. CSS President David Jones explain that although the economic downturn has been the trigger for this current situation, the bubble has been in the making for over a decade. They have been pleading to political leaders to address the approaching crisis without delay, stressing that it's urgent to take immediate measures to "stop the bleeding". Some cities, such as New York, are now in a critical position since a staggering rate of rental delinquency was registered and landlords have been eagerly waiting for the end of the forbearance period to solicit the issuance of eviction orders. Since rental payments cannot be nullified, all the unpaid rent has continued to be accumulated throughout the crisis, generating an enormous economic burden that will wreck many households when the bill comes due.

    On many occasions, real estate firms entered 2020 leveraged to the maximum, demanding for ever-higher rents and then borrowing against the value of those income streams. “As real estate markets soared in several cities across the state, landlords raised rents, re-sold their buildings at higher prices, and used their properties’ rising values to take out ever-larger mortgages,” the report describes. If this description sounds like something you've heard before, it's because you did. The report also recalls that from the mid-1990s up to the 2008 mortgage crisis, real estate firms started an irrational rush of buying and selling buildings and consistently raising rental prices.

    Considering rental properties are usually structured as limited liability corporations, the bankruptcy of one building alone doesn't pose a harsh impact on the finances of the real estate parent company. In short, for the firms involved the market boom and bust can be like a game of Monopoly, but for renters, it can be the difference between having a safe home and being homeless. For the past decade such firms have been repeating the same misconduct, all of this could happen again next year. That doesn't mean that capitalizing in the real state market is a despicable investor attitude, but allowing the formation of a colossal wave of foreclosures at the expense of entire cities' economies just to ensure predatory investments could come at a high cost to the whole nation, warns CSS President David Jones.

    Additionally, for homeowners, the outlook doesn't look any rosier. Today, there are fewer homes for sale in the U.S. than ever documented in roughly 40 years, when data started to be recorded. For this reason, it's understandable why home prices are going up much faster than incomes, making homeownership less affordable for more and more Americans. "We are simply facing a housing shortage, a major housing shortage," expressed Lawrence Yun, the chief economist at the National Association of Realtors which tracks home sales. "We need to build more homes. Supply is critical in the current environment."

    On a similar note, in a recent article, investment advisor for SitkaPacific Capital Management, Mike "Mish" Shedlock illustrated how home prices are in a bubble that is even bigger than the stock market bubble. On the basis of Yale University professor and Nobel Laureate Robert Shiller's evaluation, Mish explains why although stocks are overvalued considering historical measures, "it’s nothing compared to skyrocketing home values." "Robert Shiller calls it a bubble, and so do I," Mish concludes.

    Basically, everywhere one can look inside the housing markets ravaging signs indicate the coming of a catastrophic burst. It's literally just a matter of time.

    Citicorp headquarters tower in New York City

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    William LeMessurier, one of the nation's most distinguished structural engineers, served as design and construction consultant on the innovative Citicorp headquarters tower, which was completed in 1977 in New York. The next year, after a college student studying the tower design had called him to point out a possible deficiency, LeMessurier discovered that the building was indeed structurally deficient. LeMessurier faced a complex and difficult problem of professional responsibility in which he had to alert a broad group of people to the structural deficiency and enlist their cooperation in repairing the deficiency before a hurricane brought the building down. His story was recounted in detail in "The Fifty-Nine-Story Crisis," which appeared in the May 29, 1995 issue of The New Yorker, and on November 17, 1995, LeMessurier himself came to MIT, from which he received his doctorate, to speak to prospective engineers about the decisions he had to make and the actions he took.

    LeMessurier is perhaps best known for a structural controversy. LeMessurier re-assessed his calculations on the Citicorp headquarters tower in New York City in 1978, after the building had already been finished, and found that the building was more vulnerable than originally thought (in part due to cost-saving changes made to the original plan by the contractor). This triggered a hurried, clandestine retrofit which was described in a celebrated article in The New Yorker. The article, titled "The Fifty-Nine-Story Crisis," is now used as an ethical case-study

    Poopsi

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    Posted

     

    Screen Shot 2020-11-21 at 8.44.20 AM.png

    I saw this on Reddit and I snorted.....  First time I've ever heard Pepsi referred to this way and now I'll never be able to "unsee" it.

    The oldest hotel in the world called Nishiyama Onsen Keiunkan

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    Screen Shot 2020-11-14 at 4.43.32 PM.png

    The hotel has 37 rooms, a restaurant (kaiseki), and a moon-viewing platform. There used to be no Wi-Fi on the site, but now (at least since 2019), all rooms and facilities of the hotel have free and password free Wi-Fi. Tatami mats and classic art furnish the rooms. The staff wear nibu-shiki kimonos. The hot baths' machinery pumps 1,000 liters of naturally heated water per minute and there are plans to double that capacity. The hotel features public and private hot spring baths (onsen). Two private ones are on the first floor and two public ones are on the fourth floor. The entrance and lobby is on the third floor.

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