RealWay

It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.

[Octavian 🇪🇺 @posta_octavian]

I guess it's time to repost this

[foley (follard) @follard]

I went to Dartmouth. It costs roughly $60,000 a year all in. I now build homes for a living. They cost roughly $350,000 to build.

Both of these numbers are completely insane. And they are insane for the exact same reason.

The moment the government guarantees a loan, the seller stops caring what the buyer can actually afford. College tuition exploded after the federal government started backing student loans with no underwriting and no discharge in bankruptcy. Home prices exploded after Fannie Mae and Freddie Mac started buying mortgages and removing risk from lenders.

When a bank knows it will get paid no matter what, it will lend to anyone. When the bank will lend to anyone, the seller raises the price. When the seller raises the price, the buyer just borrows more. Nobody feels the pain until the bill comes due 10 or 30 years later.

Colleges added $200 million rec centers and hired thousands of administrators because students were writing checks with money that didn't feel real. Home sellers listed at $500k because they knew the bank would approve it regardless of whether the buyer could sustain the payment.

I benefited from both systems. My Dartmouth degree opened doors. The homes I build get financed by these same banks. I am not pretending to be above it.

But I look at both industries from the inside and tell you they run on the same engine. A guaranteed loan that disconnects the buyer from the real cost of what they are purchasing. The university and the mortgage lender have the same business model. They are financing tools that happen to have a campus or a front door.

If the government removed the guarantee from the student loans tomorrow, tuition would drop 40% within five years. If Fannie and Freddie disappeared, home prices would correct in the same direction. The prices are essentially fake. They are a reflection of how much debt a bank is willing to issue, not how much the product is intrinsically worth.

I say this as someone who went to an expensive school and builds homes. Both systems are broken in the exact same way and nobody talks about it because too many people profit from the status quo.

[Joel Berry @JoelWBerry]

The problem with fixing $20 burritos is every actual solution will get you called heartless.

Eliminate minimum wage? Cruel.

Cut entitlements and national debt? You want to kill grandma.

Mass deportations? Racist.

Teach people to be frugal? Out of touch.

The only “winning” political message will always be the Leftist proposal which usually amounts to “raise minimum wage to 1000/hr, start a U.S. Burrito Department, and give everyone a free burrito voucher,” which, by the way, is how you end up with a $150 burrito.

Welcome to conservatism. You’re the adult, and the “bad guy,” in the room. Get used to it and start showing the political courage to actually fix this stuff.

[Roman Helmet Guy @romanhelmetguy]

If I hear another Boomer conservative bitching about Gen Z ordering DoorDash I’m going to become a communist. It’s true their grandparents always cooked homemade meals. But that’s because grandma stayed at home and grandpa had a union job and nobody could reach him after 5. They had a house with a full kitchen and 3 kids by 25. Meanwhile half of Gen Z men are forced to compete with the entire population of South America for some 12 hour long shift HVAC job that barely pays the rent. They’re 30 and nobody cooks for them because they can’t find any women who’ll marry them when they can’t even afford a starter home in the ghetto. The other half of Gen Z men are busting their ass competing with the entire populations of India and China for some 70 hour a week powerpoint job that asks them for updates on the slides at 3AM. They can’t find anyone to cook for them either, because every women around them is convinced that being a mother and cooking for a man is beneath them because they’re gonna save the world when they become VP of Marketing at MegaCorp in 20 years.

[Sgretolatore @sgretolatore4]

Quello che non succede mai è successo di nuovo

[PanEuropeanMovement @EuropeanPan]

"wHo SiGnEd aGaInst SPaIn"

You mean who signed against Sanchez and his insane pro-mass-immigration policies that undermine our entire continent. We should thank the leaders of all the countries in red.

[Henrik Dahl @SociologenHD]

Ever since the invasion of Ceuta, I have had a strange feeling that the great tectonic plates beneath the EU are beginning to shift.

The easiest part of the analysis concerns the political elite in Brussels and across the European capitals.

Virtually every commentator has concluded that the episode proves exactly what they already believed.

Not particularly surprising. But not particularly impressive either.

Politically, much of this is about Pedro Sánchez as a person. He has completely exhausted his political capital. In the eyes of most European leaders, he has increasingly become “the red Orbán.”

In other words, the man who stands in the way when it comes to investing in NATO, supporting Ukraine, pursuing a tougher migration policy, and countering China’s weaponization of globalisation.

These are four strategic priorities that 80–90 percent of EU countries want to advance. Sánchez has chosen to oppose them.

That is why the letter from the 22 heads of government should largely be read as a message to Sánchez: “Don’t even think about pulling an Angela Merkel on the rest of us.”

But this is also about what I have previously called “Grievances United”: the coalition of states, led by Russia, China and Iran, that takes pride in frustrating and obstructing the West. One of their preferred instruments is the weaponization of migration against Europe.

Four out of five EU countries have now had enough of that. My expectation is that we are likely to see rather drastic measures in the near future.

No cooperation, no aid. Sanctions against countries that wage hybrid warfare against Europe. Measures of that kind.

Then there are the external borders. They now have to be closed. Otherwise, the EU as we know it will not survive. Because Schengen will eventually collapse - and with it, a large part of the Single Market.

And by closed, I mean properly closed: barbed wire, physical barriers and armed border guards.

Reception centres in third countries. A genuinely tough return and deportation policy.

If that does not happen very soon, we will soon see entirely new faces occupying government offices across Europe.

The centre-left is crying foul. But there is really nothing that can be done about that.

If I may be just a little unkind - and only a little - it is almost always a sign that you are on to something.

The European Commission does not really know what to do. It writes letters here and there, as it usually does, and holds press conferences and the like.

But it is not an easy situation when France remains one of the countries whose government still does not seem to have grasped the scale of what is happening.

We shall see how this unfolds in practice. But one thing is already clear: the tectonic plates beneath the European Union are now moving.

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 @DrewPavlou]

German national autism means that they always have to try destroy Europe every 30-40 years with insane attempts to bench max various new ideologies.

In era of rising nationalism Prussian autism meant that they had to destroy Europe with WWI.

In era of mass politics they invented Nazism which was like 10 times more extreme than most other fascist movements.

When they had a communist phase East Germany had the Stasi (most extensively surveilled society in human history). They were banning Soviet publications by the late 80s because they were seen as too liberal.

In the liberal post modern end of history era, German autists had to try destroy Europe for a third time with Russian gas and Merkel’s attempt to abolish borders.

Always causing trouble.

[𝔐𝔽𝓩 @mean_field_zane]

Is the point of studying mathematics to answer questions about mathematics or to feel superior?

[Douglas Murray @DouglasKMurray]

A reminder that the book that explains all this is still available, in an updated version, wherever books are sold.

[Matu 🇪🇺 @mat1_u]

The problem with an end to Spain‘s Schengen membership is that it was demanded post Ceuta and not when Sanchez legalized a million illegals

[FischerKing @FischerKing64]

@BowTiedStack Fair enough. It’s just that this one was so disorderly and really looked like an invasion. Merkel was at the train station welcoming people.

[PsyopAnime @PsyopAnime]

Weaponized migration in Spain

[space cadet 🇪🇺🌐🇩🇪 @actsmaniac]

I'm thinking this Ceuta incident has now sparked a massive preference cascade.

going forward it will be much more acceptable in Europe, even in liberal circles to favor a much more strict migration and asylum policy stance.

[nonexpedit 🇻🇦 @nonexpedit]

Ci volevano i progressisti per farci tornare nel 711 d.C.

[Sinior Tarnagol @MassKnowledge]

@CarloCalenda Ma che cosa stai dicendo? O li rimandano indietro con la forza violando le loro stesse leggi e sentenze, oppure devono farsene carico (domande di asilo) e a quel punto dovranno per forza trasferirli in Spagna per motivi logistici.

[Alessandro Strumia @AlessandroStru4]

@CarloCalenda Sveglia, sulla carta questi non potevano nemmeno entrare a Ceuta.

[Elon Musk @elonmusk]

Wow, the situation in Spain looks crazy!

[Europa.com @europa]

🇪🇸🇲🇦 The situation in Ceuta is escalating, with dozens of Moroccans looting a grocery store.

Follow: @europa

[RealWay @RealWay56200160]

RT @micheleboldrin: Reuters riporta una stima del numero di immigranti illegali a Ceuta 10 come superiore a quella di ieri.

Questo cambia…