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Navigating an Historic Period - Economic Bubble and Anarchy
27. When Dementia Replaces Meritocracy – Pray this is the turning point
An ancient Chinese saying starts with “After a time of decay comes the turning point.”
In my 72 years I have seen the United States experience growth and decline. Never in my 72 years have I seen the United States “decay” as I have witnessed with the combination of Obama and Biden. Organizations experience both growth and decline in a curvilinear trend line. Currently the rate of decline in the United States is accelerating.
When Biden was installed as President, he inherited an economy growing at 6+% annually, inflation below 2%, real wages (after deducting inflation) were increasing, gasoline was $2.00 per gallon, food was affordable, our military was stronger than it was at the end of Obama reign, and illegal immigration was being controlled. Trump had filled the Strategic Petroleum Reserve (SPR) to get the USA prepared for a future emergency.
Eighteen months of Biden and the Democrats has brought us a RECESSION )Per Atlanta Fed, inflation is officially 8.6%, gasoline is $4.75 per gallon, food is expensive so consumers are reducing spending on other goods and services, our military is in tatters with 25% of their fiscal year to go they are 60% behind enlistments despite reducing all of their standards, wear all black clothing and you can destroy anything but gather wearing red white and blue makes you a terrorist, illegal immigration is …uncontrolled because the border is wide open. And Biden is selling 25% of the oil in our SPR overseas, not here in the USA.
Organizational Behavior predicts that the values of the person at the top of the organization is replicated downward. Last week numerous Commonwealth Attorneys in Virginia openly stated their intent to violate their oaths of office over abortion thus joining left-wing nuts in California, etc. and the Department of Justice that refuse to uphold the law. If they want to support the killing of babies, why don’t they resign their public office and become defense attorneys?
Remember the PhD economists that forecasted in January that mortgage rates in 2022 would not exceed 3.75%? Holders of impressive economic degrees from name plate universities think that the government can borrow from itself to distribute money and then are surprised when inflation exceeds the highest rate in decades. To make matters worse, they now demand “price controls” which have only failed as often as socialism and as recently in the USA as Jimmy Carter. Idiots self-identify by shouting “This time is different”. Nope. The mentally ill do stupid quite well.
Germany in 2000 committed to “renewable energy” from wind and solar and shut down nuclear, natural gas, and coal fired electrical generation plants. At the end of 2021, Germany’s electricity prices were $.31 per kwh while the USA price for electricity was $.11 per kwh. Germany has proven wind and solar are unreliable and horribly expensive. Only those who self-identify as delusional think renewable electricity is better than natural gas and nuclear.
Last week there was some good news:
Some Texas Sheriffs are personally “deporting” the illegals they capture.
The term “Racist” has been so overused by the Democrats that it is now meaningless.
The U. S. Supreme Court proved an island of adult thought in a swirling maelstrom of utter chaos created by an administration of inept and mentally ill folks. Their Ruling against the EPA was a landmark decision requiring Congress to pass laws rather than letting federal agencies create them. Hooray for the Constitution! This EPA ruling could have a very positive impact on landowners as well as provide immense relief to our struggling economy from the Climate Change Delusionists.
If you want the facts about Climate Change, I suggest you read the following books:
“Unsettled” by Steven E. Koonin, former Undersecretary for Science, U. S. Department of Energy in the Obama Administration. I found this to be a great read that provided facts not biased opinion.
“Fossil Future” by Alex Epstein – I am reading this book now. It is full of facts.
Here is another glimpse of the real world:
FACT - Virginia elected a business head as governor in 2021 because a group of Virginia techies volunteered their time to figure out the fraudulent methods use in 2020 in Virginia. As a result, over 300,000 nonexistent “voters” were eliminated from the voter rolls in August of 2021 and thus those “votes” could not miraculously appear in November of 2021 as they did in November of 2020. Extend that nationally, 300,000 x 50 states = 15 million potential fraudulent votes?
FACT – According to Shadow Stats, the real rate of inflation is the USA is not 8.6 % but is in excess of 16 %. Interestingly, the WSJ before July 4 stated that the cost of a July 4 picnic is 17% higher in 2022 than 2021.
“Top Gun: Maverick” has generated at least 10 times the revenue of Disney’s recent woke film and Disney’s stock price has halved. Go Woke, Go Broke is REAL. Hooray!
In a grand experiment, The Fed is full of Hope for a soft landing from raising short term interest rates (the Federal Funds Rate) this year to about 4.0% to reduce demand hoping bond investors will lend money to the government at rates below inflation because The Fed is telling them the rate of inflation will be 4% by the end of 2022. Demand is shifting as American consumers focus their spending on the necessities such as food and gas.
The statistics from the new housing industry reflect the impact of both the dramatically doubling of 30-year fixed mortgage rates and the lack of residential lots. The shortage of residential lots is causing lot prices that take your breath away. Facing slower traffic and bankers who are demanding more capital in deals because of pressure they are getting from the Federal bank regulators, the new housing market is trying to continue their sales pace by using creative mortgages. Fact: the new housing industry will slow and thus worsen the current recession identified by the Atlanta Fed last week.
Chinese Premier Xi realizes his economy is collapsing so he has loosened restrictions the tech industry, but the damage is done, and those private companies are reducing head count. The privately owned real estate development companies are teetering. When the collapse comes my guess is that American banks and investment houses such as Blackrock will be impacted, and the ripple effects will course through China but also America. Global Recession?
Unfortunately, I believe the following brackets what will evolve over the next 12 months:
The Fed will raise the Federal Funds Rate to 4% by December 2022 without slowing inflation so the Fed will have to continue raising rates, the 10 Year Treasuries will hit 8.5 % putting mortgages at 9% and we will be in a serious recession with collapsing real estate values.
The Fed will raise the Federal Funds Rate to 4% by December 2022 without slowing inflation but will declare a pause to fight the recession because of their fear of a real estate collapse. Stagflation will persist until one year after Biden is replaced by a business head.
Please pray:
That God exercises his control over our government at all levels.
For the “Forgotten 599” surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
Let’s Go Brandon!
“Beware of false prophets, who come to you in sheep’s clothing but inwardly are ravenous wolves. You will know them by their fruits. Are grapes gathered from thorns or figs from thistles?”
(Matthew 7:15-16) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
July 6, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
26. When Dementia Replaces Meritocracy – Consistency is a Virtue
There was one sighting of disinflation last week when it was announced that the cost of a picture with Vice President Harris has been dropped from $15,000 to $5,000. I wonder what the cost of a picture with President Trump. Which would you rather have on your wall?
Did you ever think there were so many Americans:
Who want to kill babies and are so angry of being denied that they would riot?
Who are apparently adults but cannot read the Supreme Court Decision and understand it simply returned the decision on abortion to the state legislatures where it should reside per the Constitution?
What about the large number of Democratic elected officials that were encouraging sedition and rebellion? Is that the same thing they have spent 18 months complaining about Trump and January 6?
While most folks were focused on the Supreme Court, (thank you Lord for the new majority of Justices focused on the Constitution rather than trying to make laws), there were several theaters where important drama was unfolding.
The January 6 (J6) hearings - These continued to be the equivalent of a sad, third rate quality, kangaroo court with wild accusations quickly disproved after the sound bites were launched even without any cross examination (since the format is only allows accusations). Perhaps the most dramatic occurrence was the mysterious death of the Congressional Sargent at Arms Spenger who retired in February of 2020 but had produced a video saying that there were government paid agitators in the crowd that entered the Capitol on January 6, 2020. Is it possible that J6 was scripted by the Democrats/ Demented Marxist from the beginning? Does that confirm the 600 (now 595) Americans arrested for being it the J6 crowd are political prisoners? The sole purpose of this charade is to indict Trump to prevent him from running for President but it only serving to enhance his image as a fighter.
Second Amendment - Supreme Court rulings affirmed the Constitution including the right to bear arms such as carrying concealed weapons.
Awakened Citizens – A fascinating pattern is unfolding in the primaries. In Georgia the current Secretary of State won his primary despite not being able to attract a crowd to events (Bidenesque?). A lawsuit has been filed requesting an investigation since a sample of the actual ballots compared to the images in the machines appear to be different. There are a number of election related surprises and lawsuits in multiple states. This is America, we have been to the moon, we can have honest elections.
The Ukrainian War - I am really confused - Is the objective of the Biden Administration to help the Ukrainians win or simply to ensure the complete destruction of Ukraine? With Russia now earning more money from the sale of oil than before the invasion of Ukraine while America only gives the Ukrainians enough supplies to prolong the war, what is the Biden Administration objective? Did not Vietnam teach us that there is no such thing as limited warfare? Warfare is zero sum – you win or you lose.
Polls demonstrate that the overwhelming majority of Americans correctly believe that our country is headed in the wrong direction. Biden and Pelosi continue to forecast the Democrats will gains seats in Congress this November. It is enough to make me wonder what they know that I do not?
Meanwhile, the economy continues to reflect the disastrous and uncertain political arena. Gasoline has come down in price because of reduced demand resulting from the record high prices. China is trying to get their economy growing again which means future increased demand for petroleum. With American petroleum companies facing overwhelming government constraints our oil production is substantially lower than under Trump. Gas prices will bounce around but remain high. Food will become even more expensive this fall. High inflation will continue. Prolonged pain for the consumer means we are in recession.
The impact of devaluation of our currency by Democrats is quite impressive. Two years ago, I could each lunch for a week on less than $30. Today, that sum will only buy me three lunches if I eliminate fries. I think we have identified the expertise of Democrats/Demented Marxists.
Do not be fooled by the Biden Administration double talk about job growth. The last statistics I saw showed the work force being 20% fewer than pre-pandemic. The Democrats paying people not to work (elimination of workfare) is another of their successes.
A quick review of the land market:
New home market – The number of residential lots is less than demand and construction costs are increasing so lot prices have soared. Home builders have told me they are rationing the number of sales per subdivision per month trying to control costs and manage their lot inventory to keep their team together. With mortgage rates having doubled since January of this year, the market is trying to balance between supply and demand. A thud is coming, but not here yet.
Retail – Fast feeders are expanding despite the labor shortage which means prebaby more technology being used in the new stores. Land prices for those sites are stable.
Office – I hear of developers looking for medical office building sites but am not working with any of them.
Industrial – Distribution centers are the hot spot of the current real estate market.
While The Fed continues to HOPE for their historically elusive soft landing, the fact is that higher interest rates will diminish the demand for real estate and hence values in the future. The Thud will be felt throughout the economy. Since the Biden Administration is not focused on increasing the supply of goods and services, the only other choice to control inflation is to depend on The Fed to decrease demand. That is called a Recession.
I read some reports last week that Treasury Secretary Yellen floated the idea of price controls. Am I the only person who remembers the Jimmy Carter price controls which further restricted supply? Do you remember only being able to buy gas on an even or odd number day based upon the last digit of your license plate? Stupid is as stupid does and consistency is a virtue.
In times like these, it is important to stay focused on the fact that if God with us, who can stand against us. Therefore pray:
That God exercises his control over our government at all levels and returns us to a government of true Christians.
For the 595 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
Let’s Go Brandon!
“Only, live your life in a manner worthy of the gospel of Christ, so that, whether I come and see you or am absent and hear about you, I will know that you are standing firm in one spirit, striving side by side with one mind for the faith of the gospel, and are in no way intimidated by your opponents.”
(Philippians 1:27-28) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
June 29, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
25. When Dementia Replaces Meritocracy – Hope is not a Real Plan
Consistent with the current administration applying one set of laws for Democrats and another for everyone else, Tumblr has demonstrated their opposition to our Constitutional Freedom of Speech by shadow banning this blog. While I arrange to shift to another venue;
Please email me at nmassie @ grantmassie.com and I will email my blog directly to you while we shift.
Let me know if you also want to receive the previous two weeks blogs.
Encourage anyone on Tumblr to delete their account.
May Tumblr join the others that Go Woke, Go Broke.
Symbolic of his administration, Biden fell off his bike while on vacation as the Texas GOP was passing a resolution containing the following sentence:
“We reject the certified results of the 2020 Presidential election, and we hold that acting President Joseph Robinette Biden, Jr. was not legitimately elected by the people of the United States.”
Courage showed up in Texas. Courage begets courage and will add to the efforts in multiple states regarding the fraudulent 2020 Election. Never have I witnessed a minority, the self-identified “Elites”, so out of step with the majority of Americans. Even Democratic pundits and comedians are beginning to call attention to the divide. Obviously the “Elites” do not understand the depth of the feeling of absolute, total disgust toward them that is held by the majority of Americans. I do not know when or how, but I am confident this condition will change.
Meanwhile, it is fascinating to watch the mentally ill folks in leadership positions of the Biden administration operate in their self-created delusional world that is so totally opposite to reality. Is America re-learning that it is bad to put mentally ill people in leadership positions because they lack the ability to make good decisions? One can only hope and pray.
Here are some data points that I believe are related:
Representative Marjorie Greene is being stalked by 51-year-old man on the staff of a Democrat also in Congress and the Justice Department refuses to do anything.
The Chief Justice of the Supreme Court has stated he wants an investigation of the leak of the draft opinion regarding the abortion case, but not only has nothing been done he has also failed to protect the five conservative Supreme Court Justices and their families who are being harassed by the pro-abortion lobby.
Americans are being held in a D. C. equivalent of Gitmo for being in DC on January 6. One has died while in captivity. Almost none have come to trial. Is this America?
From listening to Chairman Powell and reading the press release of The Fed, my interpretation is that The Fed’s Plan is full of Hope:
The Fed “Hopes” a soft landing will be the result of their raising short term interest rates (the Federal Funds Rate) during this year to about 4.0% to reduce the demand side of the Supply – Demand equation.
The Fed “Hopes” not too many Americans lose their jobs (do not worry, The Fed employees will not lose theirs).
The Fed “Hopes” the bond market will see these anti-inflation efforts and continue investing in 10 Year Treasures at interest rates below the current annual rate of inflation.
The Fed “Hopes” this combination will cool inflation to around 4% by the end of 2022.
Meanwhile, in the real world, the American consumer is shifting their pattern of spending their money to focus on the necessities such as food and gas. The statistics from the new housing industry reflect the impact of both the dramatically higher 30-year fixed mortgage rates (3% in February and 6% now) and the lack of residential lots.
New housing participants are moving to creative mortgage plans and homebuilders are rationing monthly home sales in an effort to prolong the new home construction industry. Conversations with industry decision makers center around the problems they are having with their bankers who are demanding more capital in deals because of pressure they are getting from the Federal bank regulators. As a result, the real estate industry is beginning to hunker down which will increase the recessionary forces into our economy.
Few data points are being released about the Chinese residential development market. Rumors are flying the China Evergrande Group is about to experience a stock price of ZERO and be followed by all of the non-government owned developers in China. Since American banks and investment houses such as Blackrock have been so active in China, it could easily be that they have large investments and loans with those entities. When the collapse of the Chinese real estate developers occur, the ripple effects will course through China but also America.
To monitor the trends, watch the action in the 10 Year Treasury market. Recently those rates have soared from approximately 2.75% to approximately 3.5% lifting mortgage rates from 5.25% to 6%. Ten days ago, I heard one market participant express his belief that the 10 Year Treasuries will hit 5.5% later this year (mortgage rates around 7%).
Instead of relying on The Fed’s “Hope”, I suggest you pray hard and tie yourself to the mast of our rudderless little sailboat that is headed into the Bermuda Triangle during a Cat 5 hurricane. Also please pray:
That God exercises his control over our government at all levels.
For the 595 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
Let’s Go Brandon!
“So they called them and ordered them not to speak or teach at all in the name of Jesus. But Peter and John answered them “Whether it is right in God’s sight to listen to you rather than to God, you must judge; for we cannot keep from speaking about what we have seen and heard”.”
(Acts 4:18-20) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
June 22, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
24. When Dementia Replaces Meritocracy – Real Facts Bring CLARITY
Did you read Ms. Peggy Noonan’s commentary in Saturday’s Wall Street Journal? I am paraphrasing because I do not have the direct quote, but basically Ms. Peggy Noonan in her article stated her opinion that the Biden Administration is full of intelligent, well-educated, idiots.
Perhaps you saw Janet Yellen’s face last week when she testified to Congress about the economy? Dr. Yellen is an intelligent and well-educated person who has never had real world experience, just like all of the Biden Administration. Over the last 49+ years, whenever I have seen the look that was on her face, my experience is that the speaker did not believe one word of what they are saying.
Another Biden Administration data stream which you must ignore is their economic reports. If you are wondering how the pain of inflation seems greater than the 8.6% annual rate of inflation that Biden is reporting, you are correct. The organization called Shadow Stats is a source of accurate data and their numbers are:
Using the original CPI calculation methods, the real annual inflation rate is 16.5+%.
Unemployment is 24.6% of the available workforce (because they can make more money from unemployment benefits than working?).
If you have been reading this blog, you know to ignore the employment trends because employment is a lagging economic indicator. The new housing market is an important leading indicator of the American economy. While less than 5% of our GDP, the new housing market impacts over 30% of the economy. Therefore, a review of the data from the recent Integra Residential Report on the new home market comparing the first Quarter of 2022 with the first Quarter of 2021 provides the following important economic insights:
The average sales price of ALL new homes in Central Virginia increased in cost by 15%.
The average sales price of all DETACHED new homes increased by 18%.
The number of building permits issued has declined 35%.
The number of residential lots that closed declined by 28%.
According to the information flowing within the new housing industry in Central Virginia, the last two data points are related. The industry talk is that there is a significant shortage of residential lots in the pipeline. Homebuilders are reportedly limiting their monthly sales in each subdivision, and some are only building spec homes that they put on the market when they get close enough to completion to be able to price the units to make a profit. Yes, finished lumber prices are down but everything else is up. Several sources shared with me that their construction costs are up 20% over last year. Notice all the data points that match Shadow Stats’ report?
To balance the supply of residential lots to demand, lot prices have soared. By necessity, homes built on higher priced lots must sell for higher prices. The cycle of increasing home prices will continue until The Fed causes mortgage rates to increase enough to take enough home buyers out of the market so supply and demand are equal. That is not a “soft landing” which The Fed is so proudly predicting but has never in my career achieved. Using interest rates to reduce demand is like taking an atom bomb to kill a fly. The fly is dead but there is a lot of collateral damage.
The last time America faced inflation as we are now experiencing, after he defeated Jimmy Carter President Reagan had The Fed raise interest rates and simultaneously cut taxes to spur production. More goods produced meant lower prices (supply and demand balanced by increasing supply not reducing demand). This is called Supply Side Economics, a foreign concept to Democrats and other Marxists including the inept PhD’s in the Biden Administration.
Just this week, several inflation gauges finally got the attention of The Fed which realized they are behind the inflation curve. Look for short-term interest rates (Federal Funds Rate) to rise more quickly than they have been saying. THE THUD IS COMING.
The real action will be in the 10 Year Treasury market where this week rates soared from approximately 2.75% to approximately 3.5% lifting mortgage rates from 5.25% to probably 6%. I heard one market participant express his belief that the 10 Year Treasuries will hit 5.5% later this year (mortgage rates around 7%). Increasing the mortgage interest rate from 3% to 7 % in less than a year will dramatically impact the new home market.
While the residential market is the most obvious example, the same sequence of events will unfold in the commercial arena. Not only will the pace of commercial real estate sales slow, but the market values of commercial real estate will decline. There are all sorts of economic ripple effects from both trends.
The only element missing from this toxic brew to convert it into an economic catastrophic event is China Evergrande completely collapsing. If something like that were to happen, the American investment houses and largest commercial banks might suffer such enormous capital losses that they are forced to retrench similar to The Great Recession. Reduced liquidity creates a downward spiral that is a mirror image to the upward spiral of the expanding liquidity experienced over the last two years.
One has to give Biden credit for his success in destroying our petroleum industry and taking us from energy independence to begging the Saudi Arabia and other countries for oil despite our having 200 years of fuel available in the USA while we Deplorables literally “Pay the Price’ of higher gasoline. Meanwhile Russia is selling as much oil as they were in February of this year but at much higher prices. Those increased profits are funding the invasion of Ukraine. China will benefit from Biden’s reduction /elimination of tariffs. Perhaps that will help China invade Taiwan. Biden’s record of consistent failure in foreign affairs is just as consistent as his economic failures here in the USA. One of my favorite sayings, “Consistency is a virtue’.
A rudderless ship going into the Bermuda Triangle during a Category 5 hurricane is a good description of the USA today. Pray hard and tie yourself to the mast because this is going to be a rough ride.
Also please pray:
That God exercises his control over our government at all levels.
For the 595 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
Let’s Go Brandon!
“Be on guard so that your hearts are not weighed down with dissipation and drunkenness and worries of this life, and that day catch you unexpectedly, like a trap. For it will come upon all who live on the face of the whole earth. Be alert at all times, praying that you may have the strength to escape all these things that take place, and to stand before the Son of Man.”
(Luke 21: 34- 361) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
June 15, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
23. When Dementia Replaces Meritocracy – Clarity is Important
Last week, several items provided great clarity. Let us take a quick look at them.
Two data points about the chaos in our country:
A Psychology professor wrote an impassioned article about the extent of mental illness in the USA estimating that 20% of the USA population is mentally ill.
A Democratic party poll reported that 28% of the USA population believe that Biden and his administration are doing a great job.
Does that confirm that all of the mentally ill are Democrats? It would explain their actions.
The Sussman verdict has been dissected but there are two facets left unexplored:
The judge and the jury were corrupted by their friendship with Sussman versus the requisite “blind justice” so everyone is equal under the law. Their behavior placed them diametrically opposed to DC’s demands for “Justice” with their BLM painted street. Sussman’s own email was all the evidence needed for a conviction. Everything else confirmed the extend of the existing corruption.
Neither the judge nor jury considered the most important question – “What is the cost to America for it to be okay to lie to the FBI?”
Dr. Peter Navarro, a former member of Trump’s White House staff, was publicly “perp walked” out of Reagan Airport by the FBI. Dr. Navarro responded to the January 6 lynch mob by declining to respond to their summons claiming Executive Privilege. According to prominent attorneys the arrest by the FBI was unconstitutional, an intimidation tactic by the Democrats consistent with their illegal arrest of the almost 500 J6 defendants still illegally held in the Washington DC equivalent of Gitmo for 18 months without trial.
IF the USA has honest elections, the 72% of the population opposed to Biden and his merry Demented Marxists a/k/a Democrats (DM) suggests that the DMs will get whipped in November. Prudence would suggest that Biden and his DMs adjust their behavior back to what the majority of Americans want. Instead, Biden and his DM’s are accelerating their destruction of the USA. What do Biden and the DMS know about the November 2022 elections that we do not know?????
Finally:
In 1989 the UN forecast that by the year 2000 all human life on earth would drown because of Global Warming.
20 years ago, Al Gore’s movie said Earth would be destroyed by Global Warming by 2020.
This year the amount of ice in the Artic is reported to be at an historic high.
Did you see the pictures of the graveyard of electric vehicles owned by the city of Paris? They cannot dispose of them in landfills because of the toxic batteries and cannot afford to replace the batteries because they are twice the cost of a new car.
More clarity - The Green New Deal is a scam.
Rays of Hope
Now Former District Attorney Boudin was recalled by the voters in San Francisco. I guess liberal Democrats have a limit as to how much Marxism they can mixt with their designer ice cream.
The Election 2020 pot continues to boil with additional facts exposed weekly. The documentary “2,000 Mules’ is spreading like wildfire and leading to the prosecution of some vote fraud participants. New Jersey joined the ranks of states reporting illegal activity.
Last Friday Homeland Security disclosed that the Dominion Machines are indeed hackable, a complete contradiction of their position in November 2020 and confirms the position of us called “tin foil hats” in November 2020.
I read an encouraging article about the recent Young Women’s Leadership Conference. Find information about it so you can feel hopeful about the future.
Economic Forces Impacting the Land Market
This week the largest oil refinery in America announced they would shut down in 2023 because the cost to update the refinery was too substantial in the face of the Biden Administration forcing consumers to electric vehicles. In other words, the owners are afraid they will not get a return on their investment, pure capitalism. This is almost as wrong as having 200 years of petroleum in the USA and experiencing these shortages inflicted on us by Biden and his DMs.
Meanwhile, the price of gas set another record and removed more disposable money from the pockets of America’s Consumers. Several business managers reported to me that while their revenues are up, their unit sales were actually down. The combination confirms we are now in a recession.
Last Friday Kudlow had on his show an economist and a CEO of an investment company. Their fascinating debate was about various economic issues including when the recession will occur. The young economist and Kudlow felt it would appear in 2024 while the CEO said it is already here. I think the difference was Kudlow and the economist were expressing their opinion of the trough of the recession while the CEO was focused on its beginning point. That accurately describes when the recession will start (now) and when the trough will occur (2024) which is a long time of painful stagflation.
With China attempting to reopen, the demand for petroleum will increase and can easily take the cost to more than $150 per barrel. That would mean gasoline prices over $6 and maybe $7 per gallon this fall. Biden’s answer to use the War Power Act to produce solar panels is a clear sign of ignorance as one analyst has pointed out it would take five states each the size of South Dakota covered in solar panels and windmills to produce enough “green electricity for the existing homes not to mention vehicles. Solar panels lose 3% efficiency per year so after 20 – 25 years they are almost worthless. Then we fill up landfills with defunct solar panels and worn out windmills. Is anyone capable of logic in the Biden Administration. Sorry, stupid question.
Amazingly, the Biden Administration does not even know enough history to acknowledge the passing of D-Day. Pray that our Lord and Savior exercises His power to save us from the heathens and pagans in control of America today.
Please pray:
For the 595 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
Let’s Go Brandon!
“Therefore let the entire house of Israel know with certainty that God has made him both Lord and Messiah, this Jesus whom you crucified.” Now when they heard this, they were cut to the heart and said to Peter and the other apostles, “Brothers, what should we do?” Peter replied to them “Repent, and be baptized every one of you in the name of Jesus Christ so that your sins may be forgiven; and you will receive the gift of the Holy Spirit”..”
(Acts 2: 36-38) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
June 8, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
22. When Dementia Replaces Meritocracy – Separating Wheat vs Chaff
“Not Guilty” was the verdict despite the Sussman email in which he clearly stated he was not coming to the FBI for a client when the evidence showed he was there for his client, the H. Clinton campaign. What a confirmation of a double standard. Received.
Demonstrating its lack of relevance to the real world, a reported 1,600 private jets ferried the “Elite” to Davos so they could pontificate to themselves about Global Warming despite a scientific report that the Artic has an historic amount of ice. While the Davos World Economic Forum is important to those who think they are among the Elite or want to be seen as one of the Elite, to the those of us comprising the vast majority of the world, the attendees and their self-importance were in the category of irrelevant. More chaff.
Meanwhile, the war in Ukraine continued with both sides claiming success with the reality being that the cities and population of Ukraine are being pounded into oblivion. Putin’s tar baby has him calling up reserves who are 40 years old or younger. NATO and other countries are supplying weapons to the valiant Ukrainian forces fighting for their right to be free.
There is a part of me that wonders if $1 Billion of American Taxpayers wealth was used by Biden to force the abandonment of the investigation of Hunter Biden, is a portion of the $100+ Billion of American Taxpayer wealth also benefiting the Biden family? I have lost count of the accurate amount of American Taxpayers’ wealth invested in Ukraine this year, so the figure is probably much higher. Is anyone auditing how it is being spent?�� Probably some chaff.
Little notice has been paid to events regarding the Chinese economy which continues to melt internally. However, three new and interesting data points were revealed this week:
The European companies with facilities in China answered a survey indicating that 23% are exploring locating facilities outside of China.
The UK has begun a national security probe on the sale of a British computer chip company to a Chinese controlled company. Even though the sale closed last year, some observers expect the sale may be reversed.
Since China has managed to pollute most of their native farmland, China is on a worldwide campaign to acquire land for food production. It was reported this month that China has accumulated over 191,000 acres of farmland in America estimated to be worth over $1.8 Billion.
Remember what happens to chaff?
Economic Forces Impacting the Land Market
The ripple effects spreading from mortgage rates increasing from 3% to 5.25% in four months include:
Creating a surplus of staff at mortgage lenders which will lead to layoffs.
A reduced number of home buyers in the market.
The rapid increase in mortgage rates has caused some investors in commercial real estate to end up in a situation where their rate of return from a property is lower than the mortgage rates on the loan. This is called “Negative Leverage” which is a nice sounding phrase for loans payments that combined with operating expense will exceed revenue, a condition that results from a bubble being burst and normally ends up with the lender becoming the owner.
When it was announced that Biden and Fed Chairman Powell were having lunch on Tuesday, May 31, the financial markets reacted with 10 Year Treasuries moving down from 3% to 2.75% and mortgage rates declining slightly reflecting the belief that The Fed at their June meeting may announce that they will not begin reducing their portfolio of assets until December (after the Mid Term Elections in November). After their lunch, Biden had a photo op and stated he was not interfering with The Fed (why say it if you are not doing it) and the 10 Year Treasuries moved up to 2.9%.
On Tuesday, Biden had an Op Ed in the Wall Street Journal supposedly explain how he is going to defeat inflation by ignoring it. According to Biden inflation is necessary so gasoline becomes unaffordable forcing Americans to buy electric vehicles. He wants us to ignore the facts that green energy is unreliable, consumers cannot afford electric vehicles, and our electric grid cannot provide the electricity needed if everyone drove an electric vehicle.
In effect, Deplorables were told by Biden to “Go sit in the corner and eat your spinach!” Apparently, we Deplorables are supposed to ignore that two years ago America was energy independent with a gallon of gasoline costing less than $2 because our country is blessed with massive fossil fuel deposits. What an unnecessary disaster is unfolding.
Democrats/Demented Marxists are much better at political drama than the Republicans. Biden’s Op Ed was most likely an attempt to position Biden as having told Americans ahead of time about the coming pain of inflation which will get intense this summer and fall.
The stock markets reacted to all of the above by continuing to decline as they attempt to price in the significance and intensity of the current global recession. You know, the one that Biden says is a “transition” and the White House staff says in not relevant to anything.
I am beyond wondering whether this disaster is the result of stupidity or intentional, I have decided it is both. This collection of highly educated individuals comprised totally of academics and government policy wonks is proving they have no worth because of how little they actually know about the real world (stupidity) and are intentional in their desire to force American citizens to do their will. That combination cannot end pretty.
The June meeting of The Fed will give a huge insight into the short term residential (real estate) market. The Fed will increase The Federal Funds rate by 0.50% both this month and next. That is a given.
The question is - will The Fed “without any maneuvering by Biden” decide to pause the reduction of their portfolio of mortgages and 10-year Treasures. A pause could reduce mortgage rates by allowing mortgage companies to narrow their spread over the 10-year Treasury rate. Such a reduction would benefit the housing market most visibly but all real estate markets for a few months.
The short-term benefit is not enough to alter the recession we are already experiencing. Furthermore, any benefit will be measured in months once the rate of inflation does not decline at the end of 2022 despite Biden’s clueless economists stirring their caldron and casting spells and useless as their economic forecasts since they do not understand economics.
Cash will become king so every portfolio should contain some cash. But a great piece of land remains The Best investment long term. Men make plans, but God ALWAYS wins. Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
Now that one has been found Not Guilty by a Judge and 2 have died in captivity, pray for the 595 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
The truth about the 2020 election continues to boil out joined this week by patriots in New Mexico reporting that prior to the 2020 Election, almost 1,200 NGO’s had unrestricted access to the state voter rolls enabling them to create voters without any oversight by the state government. Meanwhile, Demented Marists have begun a campaign to defeat White Christians who believe in biological sex, the sanctity of life, school prayer, and American exceptionalism formerly known as American values.
Let’s Go Brandon!
“For the message about the cross is foolishness to those who are perishing, but to us who are being saved it is the power of God. For it is written, “I will destroy the wisdom of the wise, and the discernment of the discerning I will thwart’.”
(1 Corinthians 1:18-19) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
June 1, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
21. When Dementia Replaces Meritocracy – Davos Attendees are the Problem
If you were abducted by aliens, would you consider the event to be a crisis or a rescue? Is the Biden Administration emphasis on Extraterrestrial Beings and UFO’s a distraction for the Deplorables?
The reports I have read and seen about the presentations being made at Davos reflect a collection of highly educated individuals who have achieved a high level of financial success but apparently are total idiots when it comes to the real world. We need leaders that have accomplished something in the real world and focused on improving the lives of our citizens. That is a huge contrast with the Biden Administration and Davos attendees that believe their book learning means they are elite and can focus on what benefits them personally. I would like to buy them for what I know they are worth and sell them for what they think they are worth.
The transitions we are experiencing are breath taking. Harvard and the Ivy League degrees were the epitome of higher education. A degree from those universities placed the holder in a special category. Today, based on quality of the product an Ivy League degree means little.
In the Gateway Pundit news stream, it was reported that in January of this year Biden’s Administration sent to World Health Organization some amendments to the International Health Regulations that would give WHO control over the United States in the event of an international health crisis and appointed Dr. Anthony Fauci to be the U. S. representative to the WHO’s Executive Committee. This circumvented the U. S. Senate approval and prevented public debate. Neither Biden nor Obama seem to have any familiarity with the U. S. Constitution.
The world situation is a very dangerous combination of three major forces:
Putin in Russia may be dying of cancer which takes away any personal downside from his actions. His nuclear arsenal is the largest in the world thanks to Obama.
Xi in China may have an aneurism. Reports are that Xi declined an operation to correct the condition instead choosing to use Chinese herbal treatments. Was he afraid he would get “retired” if he had the operation? Unexpectedly, his Vice Premier has become quire outspoken recently about economics to quell a rebellious population in economic pain.
America is led by a senile incompetent is led around by his wife and his administration that gives us a new definition of the world INEPT. Can they really be this stupid or is it intentional?
Economic Forces Impacting the Land Market
Here are several data points that demonstrate we are in a recession:
Walmart reported their recent quarter showed a 3% increase in revenue which adjusted for 8.5% inflation meant Walmart’s REAL revenue declined by 5.5% . Most important was Walmart reported an inventory problem as consumers shifted their buying away form general merchandise and increased their purchase of food. That reflects the consumer adjusting their budget due to inflation and the increased cost of energy, aka gasoline.
Target benefited from Walmart’s report as financial analysts praised Target for 24 hours until Target reported similar results and the same shift in buying by the consumer.
A used truck dealer that specializes in road tractors has been selling them with a premium of 25% to 30% for several years but has not received a single inquiry for the last 6 weeks.
A site/ excavation contractor told me that the time to obtain concrete pipes and manholes have reduced from six months to two months.
A building developer reported that the length of time to obtain a metal building has declined from six months to three months, but the prices are 15% higher than one a ago.
President Biden responded to questions about inflation with a statement that there is no inflation and if we Deplorables do not like the cost of gasoline then we should buy an electric vehicle. Biden continued by saying that he was leading America through a “energy transition”. Did you ask him to do that? Me neither. I prefer $1.79 per gallon gas.
America has a growing need for energy and is blessed with the world’s largest deposit of fossil fuels, but apparently the Biden Administration is:
saving us from a phantom global warming threat by preventing our energy producers from harvesting our energy
to force us to drive higher cost electric vehicles with an electric grid that cannot support the increase in demand.
Davos attendees cheer.
The Deplorables turn comes in November.
Meanwhile the bond market has seen the 10-year Treasury rates decline from around 3.0 % to 2.75 % reflecting the belief that The Fed is so focused on November politics that:
The Fed will again delay reducing it s $9 Trillion portfolio of 10-year Treasuries and 30-year mortgages to not cause mortgage loan rates to increase further than they are now.
The Fed will raise the Federal Funds interest rate twice more at perhaps 0.50 each time and then pause.
Watch for The Fed at their next meeting to raise the Federal Funds Rate by 0.50% and announce a pause in reducing the assets on their Balance Sheet. Even with the 10 Year Treasures at 3.0% mortgage rates should be 4.5% not the 5.25% being quoted. The difference is probably the mortgage lenders trying to buffer themselves so that they do not lose money selling a mortgage loan 90 days after they fix the rate because rate increased. An announcement from the Fed that they are not going to reduce their portfolio of loans and Treasures could spark a small reduction in mortgage rates since it would take the risk of a mortgage rate increase off the table.
While that move would be positive to the residential market, it is the wrong move relative to inflation. With the Recession of 2022 already here, the critical questions are:
Without The Fed getting interest rates high enough to cure inflation will the 2022 Recession evolve into a Stagflation (stagnant economy with inflation)? Yep.
Historically, what happens long term when a central bank is politicized like the Democrats have politized every government agency? Hyperinflation.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in this recession “Cash will become King”. Men make plans, but God ALWAYS wins. Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
Now that one has been found Not Guilty by a Judge and 2 have died in captivity, pray for the 595 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.
For the valiant Ukrainians.
Let’s Go Brandon!
“The Lord is not slow about his promise, as some think of slowness, but is patient with you, not wanting any to perish, but all to come to repentance. But the day of the Lord will come like a thief, and then the heavens will pass away with a loud noise, and the elements will be dissolved with fire, and the earth and everything that is done on it will be disclosed.”
(2 Peter 3:9-10) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
May 25, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
20. When Dementia Replaces Meritocracy – Designer Ice Cream is not Enough
The world is so bizarre so it makes me wonder if there a relationship between the shortage of baby formula and some men thinking they can get pregnant?
I noticed that Speaker of the House Pelosi last week modified the House Rules so that members of the House can now order alcoholic drinks, by the drink or in quantity, using their Member Reimbursement Account and have them delivered to their offices. Can her designer ice cream also be delivered to her office? It sounds like quite a party. Will there be any cake?
How will the House of Representatives voting be altered if the members are “Four sheets to the wind”? The reality is there will be no difference since all their decisions have been wrong anyway, what do we Deplorables have to lose? Perhaps we will get something for our money even if it is only pictures of Pelosi with a lamp shade on her head leading a string of House members in a dance line. Will Rogers famously said that “Our politicians are the best that money can buy.” Somehow that fits.
You will have to forgive me, this week I rejoiced because of two reports I read:
Last week Joe Biden “lawyered up” apparently retaining an attorney whose reputation is that he is superb in keeping his clients out of prison relative to white collar crimes.
New York State joined the ranks of states whose citizens have decided they want honest elections. Apparently, a group if New York citizens have identified over 2 million votes they believe are fraudulent. Biden supposedly won New York by 1.9 million votes. It gives me shivers to think of a RED New York state. How about those Apples!
This past week has been full of interesting conversations which have confirmed we are in an economic bubble.
I visited a county in western Virginia to analyze the value of attract of land. In a conversation with a county official -
I was told the construction of the Walmart distribution center was consuming so much of the local concrete production capacity that other customers were getting appointments in future months and waiting.
A food manufacturing facility in that county is paying $30 per hour STARTING wage, will train new employees, and still needs workers.
The county official had determined that seven social programs existed that combine to pay someone as much as $3,200 per month for not working.
Last fall one of my clients signed a contract to buy residential lots at a price 10% above the price at which similar lots were closing. They settled on that purchase this spring. Now the lot prices in the same subdivision have increased by an additional 30% and my client is frustrated they cannot get the remaining lots under contract at the higher price.
Economic Forces Impacting the Land Market
I am not a big stock market investor, but I did ask the stockbroker that assists me what is the level of the Dow that would indicate a Bear Market. She replied 29,561. That would be a 20% decline from the high. Get ready.
The rapid decline in the Dow last week was probably caused by two forces:
Margin Selling – Stock investors who bought stock with debt have to sell their shares in the event the stock price declines to a certain level. My guess is the computers sold those shares when the magic price was reached. More sellers than buyers will mean the stock prices declined.
Walmart got punished Tuesday as various financial analysts blamed the CEO for not hitting their market expectations and proclaimed they were selling out of Walmart to buy Target. Target reported its miss on Wednesday. I bet the analyst will now wake up and start comparing the results reported in Nominal Dollars and adjust them for 8.5% inflation to look at the REAL Dollar values. The American economy is 70% based on the consumer. My forecast is the stock market will get ugly as a BEAR, see above.
The bond market participants continue to act as if The Fed:
Will not have to raise the Federal Funds interest rate higher than perhaps 4% because the recession will do the work of The Fed without higher interest rates.
Or that The Fed is so focused on their goal of a “Soft Landing” for our economy that they will chicken out and not raise rates as high as the Taylor Rule suggests is required to reach “Neutral” – 1.5% above the rate of inflation.
Both of those alternatives are consistent with the Modern Monetary Theory developed by the fans of the Chinese Marxist government and championed by the economists of the Biden regime who obtained their PhD’s from Sears Roebuck. Here is the real world:
The Recession of 2022 has already begun. The current frantic surge in our economy is the result of buyers trying to beat the raising interest rates.
The only questions remaining are (1) how severe, (2) how long, and (3) how it will be turned around.
Economic growth normally requires new leadership in the White House that is pro-growth, but a pro-economic growth, capitalistic Congress could help.
Such a Congress would launch much deserved investigations into swamp of DC when means political drama and uncertainty in 2023 – 2024. Business heads hate uncertainty.
With the Chinese economy melting, the only global economic engine of growth that can pull the globe out of the 2022-24 recession is the USA. Hence, recovery of the global economy will have to wait for the USA to have knowledgeable adults in leadership who understand real world economics, so we are looking at 2025 for the global recovery with Biden Stagflation until then.
The Industrial land market is booming because demand for distribution space is historically high.
Some huge office properties have been given back to the lenders by major investors such as Black Rock.
The retail market is trying to recover but is held back by a lack of employees.
The residential market is a bubble being burst by higher mortgage rates but enjoying a slow decline because of the lack of inventory.
Higher interest rates will impact all real estate values.
Move On. Org (George Soros) has announced they are committed to combating the MAGA movement in the primaries and the fall elections. This battle of the “Elites versus the Deplorables” is critical to the future of America. Soros is a master at Watch for vote fraud and dirty politics so pray that God guides the outcome.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in this recession “Cash will become King”. Men make plans, but God ALWAYS wins. Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
Now that one has been found Not Guilty by a Judge, for the 597 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.,
For the valiant Ukrainians.
Let’s Go Brandon!
“Do not be afraid, little flock, for it is your Father’s good pleasure to give you the kingdom.”
(Luke 12:32) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
May 18, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
When Dementia Replaces Meritocracy – Having Patience is Tough
One of my favorite Winston Churchill quotes is “When you are going through Hell, keep going”. Obviously, there is no benefit to pause and enjoy the pain of being in Hell. But I think it does help if one can find a little humor amid the chaos and disasters that abound in Hell. Here are some of my suggestions from the current chaos that is serving to identify those who are insane.
If the newest appointee to the Supreme Court cannot define a “Woman” because she is not a biologist, how can the Woke crowd (DMs) know if they exist or not?
After several years of demanding that there are no men or women but rather gender is fluid, how does the potential repeal of Roe v Wade represent an attack on women?
Did you find it confusing that the same Demented Marxists, a/k/a Democrats (DMs) that spent the last few years arguing the men and women are all the same have now argued the importance of Roe v Wade by shouting that “Men cannot get pregnant”.
And if men cannot get pregnant and repealing Rove v Wade is an attack on women, why are they allowing men who claim to be women in women’s restrooms, sports, and locker rooms?
The answer to all of the above is similar to the never-ending string of consistently wrong decision about everything by the Biden Administration – proof that when you place the mentally ill in leadership positions you have to expect chaos, confusion, and disaster. A new definition of Hell? Keep going.
Meanwhile the world teeters on the edge of abject disaster, economically and militarily, fueled by the recognition by despots around the globe that the mentally ill DMs are in charge of the USA. While we hope that Larry Kudlow is correct and the cavalry is coming in November, we need to pray that we can survive that long.
Some observations about last week that give hope:
In the Ohio primaries, the Republican total vote was double the Democratic total vote.
Trump is 55 – 0 on his endorsements including some who came from behind after Trump endorsed them. AOC is still looking for her first endorsed candidate to win.
Rich Strike came from the rear of the pack to win the Kentucky Derby by ¾ of a length. It was a truly remarkable race illustrating the value of persistence. Rich Strike wore RED.
Economic Forces Impacting the Land Market
The stock market is indicating that investors are aware that high energy prices, rampant inflation increasing interest rates, the collapse of the Chinese economy, and a shortage of food as a by product of the Ukrainian War is a toxic mix. Perhaps those investors calculated the REAL (adjusted for inflation) profits and resulting stock values.
From the expressed opinions of various financial market participants, the debate in the financial markets is whether The Fed will really raise rates as high as they need to raise them in order to gain control of inflation. Many think The Fed will chicken out, some think the 2022 recession will do the work of the Fed by lowering the rate of inflation without The Fed having to raise rates very high, and others are ready to head for their financial market bomb shelters.
The real estate market segments are each reacting differently. Industrial is still booming because demand for distribution space is historically high. But lenders and some investors are becoming cautious about retail and office properties. The impact on the residential market is distorted by the fact that homebuilders are switching to spec homes so they can have an accurate projection of their cost before they price it for sale. All reflect the higher mortgage rates that have arrived this year.
The DMs are using the Marxist playbook that always ends in economic disaster. Please allow me to repeat - the Recession of 2022 has already begun. The only questions remaining are:
(1) how severe, (2) how long, and (3) how it will be turned around. Economic growth normally requires new leadership in the White House that is pro-growth, but control of Congress will help.
With the Chinese economy melting, the only global economic engine of growth that can pull the globe out of the 2022-24 recession will be the USA. Hence, recovery of the global economy will have to wait for the USA to have knowledgeable adults in leadership who understand real world economics, so we are looking at 2025 for the global recovery and Biden Stagflation until then.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in this recession “Cash will become King”. Just like 2022 years ago, those consumed by the world are those that Jesus referred to as “the dead”. Celebrate thatthis week we began to see some of His handiwork revealed. Men make plans, but God ALWAYS wins.
Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
Now that one has been found Not Guilty by a Judge, for the 597 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.,
For the valiant Ukrainians.
Let’s Go Brandon!
“Therefore Beloved, while you are waiting for these things, strive to be found by him at peace, without spot or blemish; and regard the patience of our Lord as salvation”
(2 Peter 3:14-15) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
May 10, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
18. When Dementia Replaces Meritocracy – Confirmation is Beneficial
Is it true that when Leon Musk was asked why he bought Twitter he replied, “I tried to buy the Biden Family, but the Chinese did not want to sell?”
Rats and snakes are especially dangerous when cornered. The “leak” out of the Supreme Court was a sign of the desperation of the Demented Marxists (DMs) that they realize they are cornered by their intellectual ability (roughly equivalent to a box of rocks). Since” Racist” has been worn out and no longer effective to hurl at anyone with a different opinion to theirs, they decided to go back to “Women’s Rights”. But having just confirmed an attorney to the Supreme Court who could not define “Woman”, just whose rights are the DM’s now championing? My belief is that the DMs are Five Percenters, the percentage of our population that are genetically wired to wake up mad every day. The majority needs to understand that and stop trying to make them happy.
Have you ever met folks that you wanted to be able to buy them for what you think they are worth and sell them for what they think they are worth because you could make a fortune? If we could do that with the Biden Administration, we could pay off the national debt.
Those who wonder ab out my designation of the former Democratic Party as Demented Marxists (DM) in the last week have received two data points confirming that designation. Both concerned Homeland Security Department Secretary Mayorkas. The first was when Secretary Mayorkas testified in Congress stating that our southern border was “totally secure” ignoring the millions of illegal immigrants flooding across the border and the mayhem they are causing. The second was when he discussed his newly appointed “Disinformation Board” to guard against “misinformation” and announced the appointment by Biden of a women who has a record of being wrong about everything for five years including Hunter Biden’s laptop. Consistency is a virtue.
In the USA, the best protection against misinformation is our Constitution (the First Amendment guaranteeing Free Speech) combined with capitalism which over time corrects citizens, individuals and corporate behavior as illustrated by “Go Woke, Go Broke” a la Disney. Or even better, Elon Musk’s purchase of Twitter because he wants to insure Freedom of Speech for everyone not just snowflakes. I have to admit it has been fun to see the reaction of the snowflakes to Musk buying Twitter. Go buy some popcorn, this will be fun.
The DM’s creating their “Disinformation Board” not only confirms the title Demented Marxists, it also confirms the DM’s opinion of Non-Elites, a/k/a Deplorables as so stupid that we will blissfully do whatever the DM’s tell us to do. N. O. T. !!!!!! Add some “designer ice cream” from Nancy Pelosi’s freezer to go along with popcorn and we can turn this into a real party.
One of the benefits of Hunter Biden’s laptop being declared REAL, is the interesting insight we are gain in on the Biden Family. In addition to his assigned nickname of Brandon, Uncle Joe apparently prefers using “Peter Henderson”, the KGB spy in Clancy’s books and used his “secret” email address of “67Stingray”. While that provides some excellent insight into the former mind of Joe Biden, I believe “Brandon” is a more lasting handle.
I hope Larry Kudlow is correct when he says “The cavalry is coming” alluding to the elections this November. My prayer is that the DM’s can hold their party caucus in 2023 in a phone booth and have surplus space.
Economic Forces Impacting the Land Market
The stock market is not the best economic forecaster. It does reflect the opinions of a huge number of investors who are analyzing trends they feel are important regarding the value of a large number of companies active in our economy. That makes it a valuable data point.
Currently, the financial markets are trying to reach consensus on the impact of the melting Chinese economy plus higher interest rates on both USA and global economic activity which will be reflected in the profits of all those different companies. The formula used for the value of stocks has two significant leverage points – rate of inflation and interest rates. When either (or both) are increasing, then values go down. Add on top of that equation that the federal government through its legislation and regulation is literally discouraging economic growth.
Complicating the financial analysis is the Xi’s lockdown ion China, both Shanghai and Beijing in particular. Xi has stated that he is determined to have China’s economic growth be at least 5.5% this year. That will be the official result regardless of the facts. The probable outcome includes a recession in China (my vote). We are watching the unfolding of an ugly global recession.
Data points in the USA are already negative and will get worse as the DM’s follow the Marxists Playbook which has always, universally, forever has been, and forever will cause economic failure. The Biden Administration is comprised of academics and policy wonks who have no real-world experience building or running a business. They consider themselves brilliant and are demonstrating that they are as smart as a box of rocks.
The Recession of 2022 has already begun. The only questions remaining are – (1) how severe, (2) how long a recession, and (3) how it will be turned around. The size of the cavalry sent by the voters in November will determine whether 2023-2024 is a holding pattern as we endure three years of stagflation or whether we will see a return of economic growth. Economic growth normally requires new leadership in the White House that is pro-growth.
The melting of the Chinese economy means that they cannot be the economic engine of growth that pulls the globe out of the 2022-24 recession. Recovery of the global economy will have to wait for the USA to have real adults in leadership who understand economics, so we are looking at 2025 for the recovery from Stagflation. Every day the economic contrast grows crisper between where we are with Biden and his academic policy wonks versus where we would have been if Trump and his accomplished economic team were in the White House.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in this recession “Cash will become King”. Just like 2022 years ago, those consumed by the world are those that Jesus referred to as “the dead”. Celebrate thatthis week we began to see some of His handiwork revealed. Men make plans, but God ALWAYS wins.
Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
Now that one has been found Not Guilty by a Judge, for the 597 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.,
For the valiant Ukrainians.
Let’s Go Brandon!
“Humble yourselves therefore under the mighty hand of God, so that he may exalt you in due time.”
(1 Peter 5:6) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
May 4, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
17. When Dementia Replaces Meritocracy –Look for Signs of Revival
Even in the midst of anarchy, this week started GREAT! Here are several significant positives that provide glimmers of hope of a future Revival:
A Breath of Fresh Air – Elon Musk’s purchase of Twitteris superb for Freedom of Speech! I have read that the media track Twitter activity for their “news” focus. Therefore, if that stream of data is less slanted (free), it will result in a huge shift. Capitalism at work apparently is distressing to the Woke/Demented Marxists.
Fresh Air #2 - The collapse of viewership of CNN has brought about change in its ownership and the new owners are pledging to focus on news not opinion. In a hopeful sign, they have begun cleaning their Augean Stables. Once again capitalism is at work, more distress for the Demented Marxists.
Is the Score Durham 1 Clinton 0 – This game has just started but the H. Clinton Campaign machine has boxed themselves in by first saying Mr. Sussman was not their attorney and now claiming their communication with Sussman is covered by attorney – client privilege. Will even an Obama judge let them out of the box?
True the Vote, pending release of the film “2,000 Mules”, and boiling activity in multiple states regarding the 2020 vote fraud combined with the result of early primaries suggest that as the facts are revealed about the 2020 election, we will see real election reform. If we do not have honest elections, we are not Free.
Economic Forces Impacting the Land Market
The Recession of 2022 has commenced. Since the definition of a Recession is two consecutive quarters of negative economic growth as measured by GDP, the official announcement of the recession may not occur until the fourth quarter of this year, October – December. But the 2022-2023 Recession has begun.
Even if an American consumer obtained a 5% increase in pay, with inflation at 8.5% (perhaps 12% if measured buy the old CPI formula), the consumer has less buying power today than they did last year. Hence the American consumer is cutting back their purchases. Since 70% of our economy is consumer purchases, by definition, when the consumer cuts their purchases we are in recession.
There are several unique facets to the 2022 Recession:
The normal reaction of The Federal Reserves (The Fed) to a recession is to lower interest rates to stimulate the American consumer to go buy something, make an investment, etc. Because of the rampant inflation from the spending of the discredited Modern Monetary Theory shouting Democrats/Demented Marxists in Congress which was enabled by The Fed with their Quantitative Easing (QE), this time The Fed must raise interest rates despite the recession. That will further slow the economy and thus deepen the recession. The last time I saw Stagflation (stagnant economy with inflation) was the late 1970’s. Ugly.
You may recall that I previously described how The Fed has forced banks to buy 30-year mortgages and 10 Year Treasuries at below market interest rates as part of The Fed’s QE but lacked hard data to quantify the amount of that activity. In a Wall Street Journal article last week, the data was revealed:
Banks have doubled their 10 Year Treasuries from 4% to 8% of bank capital.
Banks have increased their holdings of mortgage back securities from 12% to 15% of bank capital.
You care, because as The Fed increases interest rates, those bank assets decline in value. Since banks must “Mark to Market” their assets, the decline in value is “recognized” which reduces the capital of the bank, and therefore reduces the capacity of the banking industry to make loans. How do banks make money? By making loans. How do banks stimulate a capitalistic economy? By making loans. Reduce their capacity to make loans and banks see their net income decline along with an economic recession resulting from the lower growth from fewer loans being made by banks. Now you know why bank stocks are hit so hard last week.
This recession is and will unfold globally. However, the melting of the Chinese economy means that they cannot be the economic engine of growth that pulls the globe out of the 2022 recession. The global economy will have to wait for the USA to heal.
The trifecta the American economy currently faces is inflation, higher interest rates, and weaker banks combined with The Fed needing to RAISE interest rates, not lower them. Ugly Cubed! Bond market participants seem to believe that the recession will do the work of The Fed in reducing the rate of inflation so that it will decline from 8.5% currently to 3% by year end. Hence, bond market interest rates have increased but in a somewhat subdued manner because of their belief that at the end of this calendar year, the Federal Funds rate will be around 3%, the 30-year mortgage rates will be around 5%, and the rate of inflation will be around 3% and declining.
That is a very pleasant scenario. I am not in that camp. With the 30-year mortgage rate is already well above 5%, my scenario is that before the end of this year bond market participants
will realize that inflation is much higher than 3% and that The Fed is still behind the curve. Hence the bond market will demand rates of return higher than the rate of inflation. If the resulting increase in interest rates is abrupt, the value of all assets (stocks, bonds, real estate) will also adjust abruptly - downward.
Where we will be economically at the end of 2022 with Biden and his academic policy wonks is a stark contrast with where we would have been if Trump and his accomplished economic team were in the White House. May a pox infect those who perpetrated the 2020 election fraud putting Biden in office. Please notice the numerous global crises, many created by Biden, that have not been addressed here today.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in this recession “Cash will become King”. Just like 2022 years ago, those consumed by the world are those that Jesus referred to as “the dead”. Celebrate thatthis week we began to see some of His handiwork revealed. Men make plans, but God ALWAYS wins.
Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.,
For the valiant Ukrainians.
Let’s Go Brandon!
“O the depth of the riches and wisdom and knowledge of God! How unsearchable are his judgements and how inscrutable his ways!”
(Romans 11:33) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
April 27, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
16. When Dementia Replaces Meritocracy – Bad Decisions Compound, Fast
Three Redneck jokes:
What is the last thing a Redneck says? “Watch this!”
What is the last thing a Redneck hears? “Dude, you are doing it!”
What is the secret weapon that prevents the Russians and Chinese from invading the USA? Rednecks, because by the time the U. S. Army got to the battlefield all they would find is a bunch of beer cans and empty shotgun shells.
Want to know the quickest way to become a multi-millionaire? Pretend to be the Governor of Georgia. Stacey Abrams’s reported financial net worth has increased by over 3,000% in four years so she is now a multi-millionaire. That describes this time in history - losing is financially beneficial. Meritocracy would provide better results.
Apparently, the founders of BLM have decided they need a $30 million ocean front mansion in addition to the $6 million mansion they recently bought. In need of a fund raiser, are they going to give us more riots? Will the same public companies be as stupid a second time?
In the wake of the subway attack New York City Mayor Adams has called for nationwide gun control legislation. Is gun control is already working in NYC? In Chicago, another Democratic controlled city with the most severe gun control laws is having a record setting year of gun related homicides and attacks. Gun control is a deadly joke.
Not to be outdone, the academics and policy wonks running the Biden Administration have decided to decrease the cost of gasoline by increasing from 10% to 15% the amount of ethanol (made from corn) blended with gasoline. Of course, they failed to mention the reduced vehicle mileage from that blend nor the shifting of more corn from food production to fuel. When the wonks get hungry will we return to Drill, Drill, Drill?
Did you see that a windmill farm company paid an $8,000,0000 fine for killing 150 America Eagles? Are Eagles still an Endangered Species? If I killed an American Eagle, would I get off with a fine? Or is it just okay to kill American Eagles if you do it with a windmill.
I keep hoping an adult will show up in the Biden Administration, but instead we continue to get confirmation that the mentally ill should not be in leadership positions. Bad decisions and good decisions both compound over time but the bad ones do so at a faster rate and lead to disaster. From personal experience with bad decisions, it is the ripple effects that are most painful.
Here are the three really bad decisions that are most affecting the world economy today.
Putin invading Ukraine
Dictators are typically surrounded by “Yes Men” because disagreeing with a dictator is a deadly mistake. But that also means that dictators get bad advice such as Putin invading Ukraine because his advisors said it would be a four-day war. Oops. Now Putin is a dangerous man in a Pandora’s Box of his own making, embarrassed by his bad decision to invade Ukraine. Worse, thanks to Obama, Putin controls the world’s largest nuclear weapon arsenal. I have read some articles about his fear of a palace coup. So, he is a mentally ill, paranoid, dictator, embarrassed on the world stage who wants to prove how tough he is. The Russian media is already stating the “police action” is now World War III. DANGER! The highest probably – Putin meets a bullet.
Xi returning Communist China to the time of Mao
The Chinese economy is a house of cards built on massive government debt. The Chinese are the greatest practitioner of the Modern Monetary Theory (MMT) which states that the amount of national debt is unimportant, a fantasy of the Democrats/Demented Marxists. The rapid Chinese economic growth fueled by massive government debt was enhanced by Xi’s predecessors who allowed capitalism in certain areas.
Shouting his slogan of “Mutual Prosperity” Xi has reversed that course and specifically targeted entrepreneurs to gain control of their companies. He started with the tech companies two years ago and last year targeted the residential developers. Crash!
To that toxic mix, add:
The Xi Solution to the Wuhan Virus – Lockdowns. Approximately one-third is China is now locked down which carries a huge impact on economic growth.
Increasing rebellion against the Xi Regime – no work, no food, cratering values of your real estate investments – all tend to make citizens unhappy. Rebellion is in the air.
The American Ex-Im Bank which was created after World War II to fund foreign purchases of American products, this week announced they would now fund the construction of manufacturing facilities in the USA if the products produced would be exported. RESHORING, Huge for the USA, but for China a torpedo below the waterline.
The two highest probabilities – China attacks Siberia to get control of those Russian oil fields and distract the Chinese population experiencing an economic disaster or Xi meets a bullet.
The Biden Administration
The majority of American’s now agree that the outcome of the 2020 election was determined by vote fraud. Zucker Bucks, millions of fraudulent ballots delivered by paid “Ballot Harvesters”, , unsecure and programed voting machines, voter rolls with false registrations combined with fraudulent mail in ballots, etc. It was impressive, but so large it was obvious. Trump was right,… again. All 50 states.
If you have a chance to attend, please go to the Virginia Fair Elections Summit this Friday and Saturday in Kingsmill. Yes, here in Virginia. Here's the Sign Up Link.
The Revert to Mean train discussed in last week’s blog has left the station and is building up speed. The future of America depends on the Democrats/Demented Marxist experiencing a perfect storm combining honest elections, the prosecution of vote fraud participants, the prosecution of the perpetrators of the Russian Collusion hoax (Obama. Biden, Clinton, etc.), the Biden Crime Family prosecuted, a complete replacement of elected officials at all levels of government, return to meritocracy as the method of choice, and the downsizing or our federal government to clean out the Obama sleeper cells.
Feel the vibrations of the train, it sounds like a dream, but I have lived long enough to see:
No one reacts to the word “Racist” anymore. The majority have had enough.
The same will happen with Woke, the majority are over it.
Momma Bear is now fully awake.
The 2022-2023 Recession has already started, and The Fed is in a Pandora’s MMT Box they created. A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in this recession “Cash will be King”. Focus on the Truth, The Way, and The Light. Just like 2022 years ago, those consumed by the world are those that Jesus referred to as “the dead”. Men make plans, but God ALWAYS wins.
Historically, America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray and work for a Revival of Christianity.
Also, please pray:
For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
For honest elections because without them we are not free.,
For the valiant Ukrainians.
Let’s Go Brandon!
“But Jesus said to him, “Let the dead bury the dead; but as for you, go and proclaim the kingdom of God.”
(Luke 9:60) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
April 20, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
15. When Dementia Replaces Meritocracy –Corrections Build
Did you see the pictures of Obama coming to the White House to celebrate Obamacare? I guess he got tired of working remotely or realized his remote working was not going well. Both.
When you read this on Thursday, April 14, I be returning from taking one of my children to the Cleveland Clinic for tests. She has some combination of medical events happening that we need specialists who are used to seeing unusual illnesses to diagnose. But that trip means I must write this blog early, so I am going to take a different track that normal. I do hope you enjoy it.
In the financial markets there is a phenomenon called “Reversion to Mean”. That title describes how a market can follow a certain trend line for an extended period of time only to become irrational resulting in the trend line changing over a short term. However, ultimately the trend will adjust back to the original trend line, reverting to the mean (mean = average). In the financial markets the irrational behavior is usually a sign of a bubble and the reversion to mean is the correction. When a bubble burst, pain always occurs.
In my 49+ year career I have witnessed seven recessions that represented “Reversion to Means”. All were painful experiences. While in each case some of the specifics varied, in all of those cycles there were some consistent factors. The overall pattern was the same and I recognize were approaching another Reversion to Mean in numerous areas.
The irrational behavior in the economy was created by The Fed dropping interest rates to zero and adding the accelerant of Quantitative Easing (The Fed buying our 10 Year Treasuries and residential mortgages in order to force mortgage rates down to historic low levels. To encourage economic growth, The Fed wanted to stimulate new housing construction because it impacts 30% of the economy but created a real estate market BUBBLE. The Bubble is most easily seen in the residential market, but it is everywhere. Huge office buildings and shopping centers are being given back to lenders.
Then the Demented Marxists driven by their lust for power with their mantra being “Never waste a crisis” added more accelerant called deficit spending. Braying at the moon, they yelled their pseudo economic theory called Modern Monetary Theory (MMT) meant that the amount of national debt relative to its GDP does not impact the economy. Oops. That proved to be as accurate as their opinions of the mentally ill being good leaders.
Apparently, our society must relearn why in the past no mentally ill folks were allowed into leadership positions. The mentally ill live in a different, unreal world and therefore make stupid decisions that cause real world pain. Society is best served when the mentally ill are identified and provided treatment so they can enjoy mental HEALTH. It is easier but completely counterproductive to tell them that they are normal, equivalent to the fable of “The King with no Clothes.”
But many folks have been convinced it is mean to tell someone that they are naked, and it is better for them to walk around naked than it is to help them get clothes. As a result, we have elected and appointed an amazing collection of mentally ill people into our government elected and appointed positions who are dangerously incompetent. So why are we surprised when they create chaos? The more important questions - will society revert to mean and if so, how will that impact land values?
Let us look at several areas that are about to Revert to Mean.
1. The Economic Reversion to Mean – The Recession of 2022-2024
To get control of inflation, The Fed will have to raise interest rates to a level higher than the rate of inflation. Apparently, the gaggle of economists at The Fed think that inflation will be close to 3% at the end of this year because they are content to get the Federal Funds Rate to 4.5% next year. The announced rate of reduction of The Fed’s Balance Sheet is a leisurely $1.2 Trillion a year which will means it will return to $4.5 Trillion in three years (the peak of QE in The Great Recession) but that is above the historic norm of a Balance Sheet of $1Trillion. I realize The Fed must give the banking system time to bleed off the toxic assets The Fed forced them to buy recently. So, I can understand the leisurely pace of The Fed because I am in favor of having a private banking system.
However, the result will be a longer period of stagflation and at some point The Fed must raise interest rates much higher to defeat inflation. Those will mean the recession is deeper that otherwise. Soft landing…in your dream big boy.
2. Potential Constitutional Crises - Political Abuse of Power and Fraud has been rampant.
At least three crises are now brewing. All three could explode and create a constitutional crisis which would create uncertainty, always bad for the economy.
A. Election Fraud - Ignored by the so called “mainstream media” is the amount of evidence and activity regarding the fraudulent election of 2020. Here is just a sampling of what the mainstem media is ignoring.
i. Arizona’s Attorney General has acknowledged the fraud that occurred and apparently is pursuing the Secretary of State and some others for the fraud. He says that the state lacks the authority to go further. Interesting. That pot is bubbling.
ii. Wisconsin – the retired state judge leading the audit is making real progress. Over 50% of the counties have voted to decertify the 2020 election. Another boiling pot.
iii. Georgia – The reports and apparent evidence of fraudulent voting is simply pouring out like water from a fire hose. Something is going to happen.
I originally thought that by now the facts would have become obvious enough to force our county to confront what happened in 2020. It has not…yet. But the amount of activity and increasing data flow suggest we will have a constitutional crisis. The average American HATES fraud and the abuse of power.
B. Is there a Biden crime family?
It has taken years but now the mainstream media has acknowledged the Hunter Biden’s laptop is real even though they said before the 2020 election it was Russian Fake News. What has changed? Biden is now seen as a liability by the Democratic Party (aka the Demented Marxist). The flood gates are now open.
C. Durham Investigation – The Real Russian Collusion
It appears to me that the pace of information is accelerating. The open question is will one of the Clinton team roll over or not. Rolling over on a Clinton appears to be a fatal experience. It is a little early to make popcorn, but that may change in the coming months.
3. Culture Wars. I can sum this up with two sentences.
a. No one reacts to the word “Racist” anymore. The majority have had enough.
b. Momma Bear is now fully awake.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in the coming recession “Cash will be King”. Focus on the Truth, The Way, and The Light. Just like 2022 years ago, those consumed by the world are living in the dark and do not understand that their power, economic or political or both, is worthless. Men make plans, but God ALWAYS wins.
America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray for a Revival.
Also, please pray:
1. For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
2. For the Canadian and American truckers who are fighting for your freedom.
3. For honest elections because they are the fulcrum of our American experiment.
4. For the valiant Ukrainians.
Let’s Go Brandon!
“While he was still speaking, some people came from the leader’s house to say, “Your daughter is dead. Why trouble the teacher any further?” But overhearing what they said, Jesus said to the leader of the synagogue, “Do not fear, only believe”.”
(Mark 5: 35-36) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
April 8, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
14. When Dementia Replaces Meritocracy – Wobbling Wheels, Rough Ride
Would you like a mean tweet and $1.79 per gallon gas right now? Me, too!
Hooray! I did not watch both Men’s Final Four games on Saturday, but I have watched the video of the opening ceremony singing of the National Anthem four times. Does that count? Hallelujah and promote whoever organized that rendition of the National Anthem and required everyone stand for it!!!! It brought back wonderful memories each time I replayed it because it was a glimpse of the real world. Unfortunately, the Women’s Final four game was different. Neither the Gamecocks or UConn reflected any class.
The next best image last week was of a Ukrainian grandmother standing in her kitchen obviously salvaging whatever she could from her damaged home. What made the picture most remarkable was that she was calmly standing next to an unexploded Russian cruise missile that was nose down in her sink with an obvious hole in her kitchen ceiling where the missile had entered her home. Talk about a picture worth 1,000 words. Here is what I realized:
1. The Russian military ordered a cruise missile but not one what would actually explode.
2. Unless that sink was critically important, the Russian military did not specify an accurate guidance system.
3. Have so many of Russia’s “smart” weapons not exploded that the Ukrainian grandmother felt there was no risk to stand next to one while she salvaged items from her kitchen?
4. I do not know what improvements have occurred in American cruise missiles, but two decades ago I spoke with an engineer working with our cruise missiles and he said the guidance system was so accurate he could determine which corner of a bathroom was hit.
That picture captured how centralized planning has always failed. Capitalism always does a better job of allocating resources while providing the maximum goods and services at the lowest price. Both China’s and Russia’s economies (add Cuba, Venezuela, et al) are suffering from the effects of centralized planning. None of the “Elite” of Russia are suffering anything more than inconvenience from our sanctions but the little folks there are in trouble. The ripple effects will be global.
Russia’s main economic driver is oil and there is a global market for that resource. China does not have any preference as to the source of the oil they buy. The Russian Ruble has recovered its value because Putin demanded Russian oil be purchased in Rubles. That move damages the use of the American Dollar as the global reserve currency. Putin is playing against a compromised, senile American President surrounded by incompetents. Give that round to Putin.
The past week also has several other notable events:
1. The Russian soldiers that “captured” Chernobyl” when they invaded Ukraine apparently have received an education on the effects of radiation poisoning and have now left.
2. The National Institute of Health (NIH) disclosed that they had suppressed information on the Wuhan Virus including its origin.
3. It was also confirmed that Fauci funded the “gain of function” research in the bat virus at the Wuhan lab.
4. The Colorado legislature and governor want to position Colorado as the destination of choice for abortions by passing legislation that not only make abortions legal but also the termination of life of an unwanted baby. Where is the line that determines murder?
5. Amid a retired CIA official bragging that his letter saying the Hunter Biden laptop was Russian Fake news was intentionally wrong, The White House tried to spin the apparently approaching indictment of Hunter Bidden by having The New York Times and The Washington Post state that the laptop is real, but Hunter did not break any laws, and Joe was not “The Big Guy”. The White House did not call for the investigation of the lying CIA official nor did they mention any involvement of the Tooth Fairy bringing impressive wealth to Uncle Joe who has spent his life on a government salary.
Economic Update
While three delusional old men - Biden, Putin, and Xi have put the world on the precipice of world war and global economic collapse, the little people that are not members of the “Elites” have continued to work, pay taxes, and find workarounds for the mess the Elites are creating.
Some economic reports suggest potentially dangerous trends may have started but there are not enough data points to confirm. One report stated that office leasing in New York City was 11% less first quarter of 2022 versus 2021 despite increased rents. “Go Woke Go Broke” was ignored by Disney executives that decided to shift the orientation of their product from the majority of the audience (families) to teaching sex education to kids starting at the age of 5. Another organization that decided to go Woke is the US Army which is now unable to attract enough recruits even with significant enlistment bonuses, so it is shrinking.
Data points suggest that we are in a world where the self-appointed “leaders” are totally out of step with their constituents/customers. That is a dangerous situation that always ends in an ugly adjustment which includes economic turmoil. The question each of us little folks face is – How do we position ourselves for the coming economic turmoil?
Since the alternative is to experience an economy similar to Germany Post World War I where five years from now the cost of one fresh egg is the value of a farm today, The Fed will have to increase interest rates. To defeat inflation, interest rates will have to be higher than the rate of inflation. Knowing those facts is the easy part, experiencing the transition will be painful.
The problem with economic forecasting is that the Demented Marxist/Democrats know they are in in trouble with the election in November. So, they are doubling down on vote fraud using Executive Order #14019 which converts every Department and Agency of the Federal government into a ballot harvesting operation. I am surprised the Republican have not challenged this Executive order in court since civil servants are supposed to be nonpartisan (not accurate under Democrats).
Simply put, the level of honesty in the elections of November of 2022 and 2024 will determine whether the USA collapses under socialism or returns to capitalism and thrives. The Voter Fraud pot is approaching boil but our so called mainstream media is ignoring it like they did Hunter Biden’s laptop.
Over one-half of Wisconsin Counties have voted to decertify the 2020 election. Several other states are actively pursuing correcting the fraud in 2020. Elections are our key feedback loop. Fraudulent elections block the correcting mechanism which in turn has a direct impact on our economics.
Elon Musk’s purchase of 9% of Twitter’s stock not only set off a run up in Twitter stock prices, but it may also signal entrepreneurs getting in the news business. A media company that actually focuses on factual news not opinions would become extremely profitable. Capitalism should result in that evolution occurring. I expect/hope that others follow Musk.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in the coming recession “Cash will be King”. Focus on the Truth, The Way, and The Light. Just like 2022 years ago, those consumed by the world are living in the dark and do not understand that their power, economic or political or both, is worthless. Men make plans, but God ALWAYS wins.
America has been blessed because of the combination of Christianity, Capitalism, and democracy. That combination has powered America though some difficult times in the past. Pray for a Revival.
Also, please pray:
1. For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
2. For the Canadian and American truckers who are fighting for your freedom.
3. For honest elections because they are the fulcrum of our American experiment.
4. For the valiant Ukrainians.
Let’s Go Brandon!
“The coming of the lawless one is apparent in the working of Satan, who uses all power, signs, lying wonders, and every kind of wicked deception for those who are perishing, because they refused to love the truth and so be saved. For this reason, God sends them a powerful delusion, leading them to believe what is false, so that all who have not believed the truth but took pleasure in unrighteousness will be condemned.”
(2 Thessalonians 2:9-11) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
April 6, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
13. When Dementia Replaces Meritocracy – “Ugly” Happens
Believing God sent Biden to be President of the United States of American requires one to believe that God has run out of locusts. But it is important to give credit where it is due. Biden has successfully turned the United States into a third world country faster than I thought was possible. Consider the following:
1. The Federal Reserve (The Fed), our central bank, has been buying our country’s debt to fund breathtaking deficit spending. Venezuela must be impressed by that effort.
2. Icing on the cake is that The Fed has forced our banks to buy our country’s debt ( 10 Year Treasuries) and mortgages at below market interest rates so that as The Fed now raises the interest rates the value of those assets declines thus decreasing the capital of the banks. Is the entire banking system now at risk? A decline in capital at least reduces the ability of banks to lend money. Does Subprime Mortgages sound familiar?
3. Biden is panhandling for spare oil from countries that hate us while destroying our American oil producers in the name of fighting “Climate Change” the seriousness of which is best illustrated by Obama, Pelosi, and Biden all recently buying ocean front, massive homes. They are not concerned about rising ocean levels.
4. Gas is over $4 per gallon and food prices are so high that the American consumer is having to cut back their spending. That is the definition of a recession but this time The Fed is raising interest rates.
5. The Ukrainians have given Russia more than the invaders can handle and while other NATO countries are sending weapons to help the Ukrainians fight off Russia, Biden’s idea of help is to take 100,000 Ukrainian refugees. Please note that Biden did say if that number of refugees counted the ones entering the USA illegally by crossing the southern border or are in addition to the illegals. I guess 2,000,000 + illegals in 12 months shows Biden does not care which is the case.
6. What about a female (?) nominee to the Supreme Court who cannot define a woman? Does her response “I am not a biologist” give you comfort? No meritocracy here.
7. But the most fun is the Hunter Biden laptop story. The New York Times now says the laptop is real and a CIA officer has claimed the honor of being the person who successfully convince the media it was fake while knowing it was real so that Trump would lose. Hunter’s partners are headed to prison, but the Attorney General is ruminating a out how to get Hunter only charged fore tax evasion and so Joey can pardon Hunter. It must be great to be a Democrat and never be charged with crimes you commit.
8. I do wonder what the Chinese, Russians, and the Iranians have on Biden? My guess, go back to the Uranium One deal and see who got paid in addition to Hilary Clinton.
If the corruption of the Biden Administration was not enough drama, the risk level in our economy took a giant leap upward when two office buildings in downtown Chicago, each over 1 million square feet in size, were given to their lenders last week. Not to be out done, Black Rock (the largest investment company in the world) gave the keys to a 621,000 square foot office building on Broadway Avenue in New York City back to its lender. Since Democrats obviously prefer our urban sidewalks to be the equivalent to open sewers in third world countries, more building will experience similar acts. It is the ripple effects that will hurt everyone.
Economic Update
Today it was reported that 30 residential mortgages now carry an interest rate of 4.8% per annum. That is quite an increase from 3% as Trump left office. The impact is already being reported with applications for loans for home purchases decreasing by 7% over the previous month.
With the 10 Year Treasury at 2.5%, one would expect mortgage loans to carry a 4% or 4.25% interest rate. The fact that the spread is wider than normal reflects that mortgage brokers must be afraid that interest rates will increase quickly and they do not want to make an unprofitable loan.
All real estate values are affected by interest rates. When interest rates increase the value of real estate declines. The residential market is the “canary in the coal mine” because the impact will be seen there first. There are so many cross currents in our economy that it is difficult to be precise in any economic forecast. But an accurate general description – this will be UGLY!
The most concerning fact in the last week is that Black Rock defaulted on a loan on their loan on that New York City office building. Black Rock is an enormous investment company, and one would expect that they are highly leveraged. They have been aggressively buying single family homes in order to rent them. That activity was the equivalent of gas being poured on an open fire relative to home prices increasing. Here is a key question – Should Black rock need to liquate their single-family house inventory, would that increase in supply cause home prices to decline? Yep!
If you listen carefully, you can hear the chugging of the locomotive bringing the RECESSION train with its high inflation, increasing interest rates, and a stagnant economy. Keep repeating to yourself, “Down with Meritocracy, having mentally ill folks in government leadership positions is entertaining” and “Meritocracy is overrated, we need more academics and policy wonks in government”.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in the coming recession “Cash will be King”. Focus on the Truth, The Way, and The Light. Just like 2022 years ago, those consumed by the world are living in the dark and do not understand that their power, economic or political or both, is worthless. Men make plans, but God ALWAYS wins.
Also, please pray:
1. For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
2. For the Canadian and American truckers who are fighting for your freedom.
3. For honest elections because they are the fulcrum of our American experiment.
4. For the valiant Ukrainians.
Let’s Go Brandon!
“So we are always confident; even though we know that while we are at home in the body we are away from the Lord – for we walk by faith not by sight.
(2 Corinthians 5: 6-7) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
March 30, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
12. When Dementia Replaces Meritocracy – Economic Tornadoes Arrive
It is so much better to laugh than to cry:
1. Biden is “Leading from Behind” - Obama did not know what to do and Biden does not know what he is doing.
2. Speaking of Obama, he tested positive for the Wuhan Virus saying that he had been vaccinated three times against the virus. Then he removed all doubt about his intelligence by admonishing everyone that they should be vaccinated also. Because misery loves company?
3. Undersecretary of State Nuland (does she still have a job there?) said the USA had 13 Bioweapon Labs in Ukraine. Another report stated Obama had established those labs in the Ukraine. But the Biden White House says the USA had no such labs in the Ukraine. However, the World Health Organization (WHO) issued a press release demanding the USA destroy our bioweapon labs in Ukraine. Remember the famous comedy act “Who is on first”?
4. Apparently, Putin asked the Chinese for help with the Ukrainian War and Xi declined to grab that Tar Baby. Can you hear Xi saying to Putin “Vald, thank you for thinking of me. I am a little distracted with pesky Hong Kong. But we are Buds, so I wish you well with that Ukrainian adventure. Be sure to let me know how it works out. By the way, if you discount your price on oil or fertilizer to help your economy, just let me know.”
5. The Secretary of Homeland Security announced on March 14, 2022, that anyone who is antivaccine and/or thinks Trump won the 2020 election is a Domestic Terrorist and would be arrested by Homeland Security. Since way past 50% of American think that way, perhaps the Secretary of Homeland Security should see if the USA has enough jail/prison cells before pounding his chest.
While writing this on March 16 I am headed out of state so The Love of My Life can have some Grandma Time. Please allow me to change the format this week to a forecast of the economy over the next 12 – 18 months. This forecast is based on what I believe to be the highest probability of events based upon current trends as of March 16, 2022. There are an infinite number of alternatives as this situation evolves over the balance of this year.
Russia can dominate Ukraine, but it can never win there. As long as America stands on the sideline and allows Russia to mug Ukraine, we lose…big time. Putin “sanctioned” Biden and thereby highlighted the fact that Biden is severely compromised, an American Oligarch. It makes me wonder what the Iranians have on Obama and Biden that they both keep throwing our money at those terrorists. A compromised, senile president and incompetent vice president in a world with several bad actors consumed by Satan is a recipe for WW III. That is our reality.
The whole world is laughing at the USA because of Biden and Harris. If Harris was capable of being President, the Elites that worked so hard on bending the 2020 election would replace Biden with her. While those same Elites may be proud that the USA has our first sex worker as a VP, they also know Harris cannot cackle her way to President. This situation will remain until either Biden dies or the pain of the current situation gets so high that it forces the Elites to remove their support. That will trigger a Constitutional Crisis. The question is when.
The Demented Marxists formerly known as Democrats now realize they have overplayed their hand and that the average American they consider to be “Deplorable” has no interest in Marxism. If we have honest elections in November 2022 (and that is a big “IF’), the Democrats might be able to hold their caucus in a coat closet. The outcome of the November 2022 election will determine how the coming Constitutional Crisis unfolds. The Demented Marxists realize this fact and are desperate to “bend” the 2022 election to at least minimize the damage. If you think the 2020 Election had fraud, this one will take your breath away. The best news is the Deplorables are awake and growing in number.
What is the most likely economy by December of this year. A famous American economist named Dr. John Taylor (not a Democratic Party economist who got their PhD at Sears Roebuck) developed the Taylor Rule which states that “Normal” is when the Federal Funds Rate is 1.5% above the annual rate of inflation. That means that “Normal” today is a Federal Funds Rate of 9.5%. If The Fed raised interest rates quickly to “Normal” a serious recession would occur. But interest rates below “Normal” means that interest rates are stimulative thus increase the rate of inflation.
With that background, consider these three items:
1. The Fed says they are going to engineer a “soft landing” for the real estate market which is a BUBBLE of epic proportions that the Fed has created. Hence, they are going to only raise the Federal Funds Rate by 0.25% at each of the meetings meaning The Federal Funds Rate will be less than 2% by December 2022. WELL BELOW NORMAL and encouraging inflation.
2. As a result, by December the rate of inflation could easily be 15% and headed higher. Inflation is a tax most burdensome to the Deplorables. Think election.
3. As gasoline increases to perhaps $6 or$7 per gallon and food skyrockets in price, the average American consumer will have to cut back on other household expenses. With consumer spending 70% of the American economy, when the consumer cuts back their spending that is called a RECESSION.
Therefore, the most likely economic scenario for December of this year is that America is in Recession with inflation running at perhaps 15% and The Fed raising interest rates. That is called Stagflation, stagnant economy with inflation. It is also called UGLY. The Fed will realize they have lost control of inflation and address the situation by remembering the Taylor Rule turning the recession into an economic tornado. When that happens, how will Deplorables feel about Demented Marxists formerly known as Democrats with their Modern Monetary Theory and CRT, etc.? Will the pain be intense enough to trigger the Constitutional Crisis?
As the world laughs at America because of Biden and Harris, Satan possessed world leaders recognize this period is their chance at fulfilling their evil desires. Our hope of avoiding World War III rest on the level of pain from the Biden Harris Administration becoming so intense that combined with the Republicans electing a supermajority in both houses of Congress such that the outcome of the Constitution Crisis is a business head elected as President who will right our ship like Ronald Reagan did in 1980. The alternative, economic chaos in the middle of WW III.
Because our current government is in the control of mentally ill people who worship power and their personal wealth, the Demented Marxists, we are facing an epic crisis. Not a bad storm but a tornado what leaves destruction in its path. The critical question is whether the elections in November of this year will be honest and provide a relief valve for the anger and pain that is building. The worst is still ahead of us, but I am hopeful that the Demented Marxists have awakened enough Deplorables to change our course. Pray, have faith, stay focused on our Lord and Savior.
Also, please pray:
1. For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
2. For the Canadian and American truckers who are fighting for your freedom.
3. For honest elections because they are the fulcrum of our American experiment.
4. For the valiant Ukrainians.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in the coming recession “Cash will be King”. Focus on the Truth, The Way, and The Light. Just like 2022 years ago, those consumed by the world are living in the dark and do not understand that their power, economic or political or both, is worthless. Men make plans, but God ALWAYS wins.
Let’s Go Brandon!
“Whatever you ask for in prayer with faith, you will receive.
(Matthew 21:22) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
March 16, 2022
Copyright Massie Land Network. All rights Reserved.
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Navigating an Historic Period - Economic Bubble and Anarchy
11. When Dementia Replaces Meritocracy – Shrinkfaltion Everywhere
Frito-Lay, Proctor & Gamble, and Mondelez acknowledged that they have held the price point for their products by reducing the amount of product the consumer receives for that price. With Doritos the reduction was five chips out of each bag. An economist and one Fox personality have referred to this trend as “Shrinkflation”. In my MBA classes it was called marketing and financial management. In either case those three companies have adjusted as they needed to do in response to Bidenflation.
Bidenflation is the event that disproves the authors of Modern Monetary Theory (MMT) who stated that the amount of a country’s debt does not impact the economy of that country. The same folks have instructed Biden, Harris, Pelosi and the other Demented Marxists in our government to say “Deficit spending reduces inflation” with a straight face. Those economists should return their economics PhDs to the Sears Roebuck store where they bought them.
Have you ever noticed the number of times that “three” is significant? Everyone knows that bad things happen in groups of three. There were Three Musketeers. Remember The Three Stooges? Reminiscent of the Three Stooges, currently we have three mental cases making decisions that affect the world-
1. Putin who is delusional about the size and importance of Russia while attempting to recreate the USSR and is now embroiled in a Tar Baby called the Ukrainian War.
2. Xi who thinks he is destined to recreate the former China Dynasty while his country’s economy melts and his citizens become increasingly agitated.
3. Biden who seems incapable of two consecutive coherent thoughts.
Mentally ill folks that come into power usually appear on the world stage as dictators such as two of those listed above. Historically dictators surround themselves with weaklings who achieve their positions near power by flattering the dictator about his brilliance. In the business world these characters are called “Yes Men” and “Empty Shirts”. In the Biden Administration they are called appointees.
Last week, apparently the only three adults (notice three) in the Biden Administration resigned over the proposed Iranian Deal. This week, Iran launched six missiles aimed at the American Consulate in Iraq and bragged about the damage they did to it. In the process the Iranians demonstrated that the three Americans that resigned from the State Department were correct.
This week Putin fired 8 of his generals and the top two men in his FSB, the modern-day KGB. So far, all of them got off better than the three (notice three) Russian Generals that have been killed in Ukrainian fighting. Apparently, Putin is not happy over the fact that his two-day Ukrainian War has (1) lasted three weeks and (2) become a Tar Baby making him look bad globally while (3) damaging his personal financial affairs (three again).
The unusually high number of fatalities among Russian Generals combined with the miniscule progress of the Russian Army suggests to me that Russian soldiers do not want to fight Ukrainians. Are they also taking out their generals? During the Vietnam War, incompetent or unpopular officers were subject to death by hand grenade. While infrequent, it happened often enough to have a term - “Fragging”. Have three Russian General been Fragged?
Notable datapoints this past week:
1. Thailand has to date paid out $45 Million to 15,933 citizens that had adverse reactions to the mRNA vaccines.
2. The European Central Bank (ECB) announced that it has changed its mind and will start scaling down Quantitative Easing (QE) which sets the stage for them to begin increasing their interest rates.
3. Oil prices declined slightly but are still above $100 per barrel with gasoline prices significantly above $4 per gallon and headed higher. As gasoline heads to $6 to $7 per gallon it is signaling no pause in inflation.
4. Biden and his “Empty Shirts” are proudly saying Americans need to pay high gas prices and should switch to electric cars and trucks.
5. More attention was paid to the next crisis – food. The dramatically increased costs are rippling through the American farming sector and will result in equally dramatic increased prices for corn, wheat, soybeans, etc. The food price increases will hit this summer, another boost to inflation.
6. China’s economy continues to send signals it is struggling, melting faster than Dr. Fauci’s credibility. The Chinese real estate development market is imploding.
There were an increasing number of reports issued by an increasing array of states about the vote fraud. The most active were Wisconsin, Georgia, Colorado, Michigan, and Arizona. Some are holding hearings about “De-Certifying “the 2020 election. Many folks cannot fathom a national scale of the fraud, but the truth will come out. Honest elections are a release value for corrections to occur without armed revolution. This is America. We put men on the moon, we can have honest elections.
Economic Update:
On Friday, the new annual rate of inflation was reported as 7.9%. Several real economists wrote articles estimating the annual rate of inflation by the end of this year (higher, not down to 3%) and the duration of inflation (years). As one well regarded economist pointed out, the Taylor Rule suggests that with inflation of 7.9% per annum, the Federal Funds Rates (Fed Rate) should be 9.5%.
Immediately increasing the Fed Rate to 9.5% would cause a recession quickly. However, if The Fed meekly raises rates 0.25% per meeting this year, they risk losing control of inflation with the result being the rapid devaluation of the Dollar. Chairman Powell and his band of merry economists (how many from Sears Roebuck?) have stated they intend to have a soft landing of the real estate market. It would be the first such soft landing in history. Put me in the Doubting Thomas column. The coming recession will be ugly.
I am doing this from memory but the last time we had inflation close to this rate, The Fed raised the Federal Funds Rate to around 19%, the Prime Rate was around 21%-, and 30-year fixed rate mortgages were around 17 %. This week the 10 Year Treasuries interest rates rose above 2.0% rates rise and took with them the interest rates of 30-year mortgages to around 4%. Does that comparison give you perspective? While “Cash is Trash” today, “Cash will be King” during the recession. The Fed will then lower interest rates to clean up the debris from the recession, which is the reason The Fed was created.
Only a regime change will bring REAL prosperity combining Honest Elections and Capitalism to slash taxes, reduce the size of government, and provide tax incentives to re-shore and re-build the American manufacturing economy. That combination will grow the size of the American economic pie providing the tax revenue to assist those who need help. In the past we prospered under the hand of God because our country combined Christianity, capitalism, and democracy.
We are facing an unnecessary economic disaster because our government in the control of mentally ill people who worship power and their personal wealth, the Demented Marxists. The open question is whether the elections in November of this year will be honest and provide a relief valve for the anger that is building. Unfortunately, the worst is still ahead of us.
Please pray:
1. For the 598 surviving Americans being held as political prisoners by Biden and the Demented Marxists in hell hole conditions in the DC Gulag.
2. For the Canadian and American truckers who are fighting for your freedom.
3. For honest elections because they are the fulcrum of our American experiment.
4. For the valiant Ukrainians.
A great piece of land remains The Best investment long term, but every portfolio should contain some cash because in the coming recession “Cash will be King”. Focus on the Truth, The Way, and The Light. Just like 2022 years ago, those consumed by the world are living in the dark and do not understand that their power, economic or political or both, is worthless. Men make plans, but God ALWAYS wins, and men are always known by their fruit.
Let’s Go Brandon!
“Either make the tree good, and its fruit good; or make the tree bad, and its fruit bad; for the tree is known by its fruit.
(Matthew 12:33) New Revised Standard Version, Oxford University Press)
Stay healthy,
Ned
March 15, 2022
Copyright Massie Land Network. All rights Reserved.
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