I did construction in my teenage years in Utah in the 90’s. Everyone was white. Many of the experienced workers made an hourly wage that allowed them to buy a house and raise a family of 3-6 kids. Most of my friends’ dads were blue collar workers (like working at the post office for 40+ years) whose wives stayed home and they could afford a modest home in a safe neighborhood. Now the majority of workers are Hispanic illegals. My nephews work on these crews and are starting young families. They have no shot at buying a home in Utah. Some of their wives and my nieces have college degrees and can’t find jobs except something entry level. Some of them are back living with their parents because they can’t even afford rent. The affordability crisis is out of control. And because the culture has shifted so dramatically, many of the neighborhoods in West Jordan, Herriman, Riverton, etc are no longer safe. And forget about west valley, Magna, Kearns, etc.!
They’re destroying our culture before our very eyes!
Salt Lake City will be Minneapolis in 5-10 years and Detroit in 15-20 years.
This isn’t an accident. It’s by design. And traitors like John Curtis have sold us out. He deserves to be tarred and feathered along with many of the politicians in Utah.
A few common macro posts that come up over and over on this platform that you can mostly ignore.
1) “The Fed injected [X billion]…”
That’s usually the Fed recycling their maturing securities back into more of the same securities. Or the Fed doing some repo activity, adding a tiny bit of liquidity that comes back out the next day. This year, the Fed is growing their balance sheet very slowly.
2) “The Treasury bought back [X0 billion] of government bonds…”
The Treasury performing buybacks on its own debt is interesting because the deepest, most liquid capital market in the world shouldn’t need the issuer assisting with liquidity. And they could potentially shorten duration over time by issuing t-bills to buy back T-bonds, so that’s worth monitoring. But for the most part, these announcements are nothingburgers. The Treasury issues fresh liquid bonds to buy back aging less-liquid bonds. No appreciable impact on your money or investments.
3) The Treasury has [X trillion] in debt to refinance over the next 12 months, how are they possibly gonna find so many buyers?”
The vast majority of the Treasury’s debt that will be refinanced over a given year will be bought by the same entities holding it now. They’re holding t-bills, those t-bills mature into cash, and they buy the next t-bill. Money market funds, insurance companies, pensions, individuals, corporations, etc. Posting about gross refinance numbers is popular because the number is big and sensationalist, but it doesn’t mean much, which is why you hear about it for years and it’s fine. Net new issuance (about $2 trillion per year) is mostly what matters, and nothing stops that train.
4) “Banks have [X00 billion] in unrealized losses…”
Yeah that was a problem for about one quarter in spring 2023. It’s mostly a non-issue since then but whenever the quarterly number comes out, people love to report it like it’s devastating new information. The number is trending flat-to-down, and it’s a small portion of bank assets and equity capital.
Anyway, good morning. Carry on.
700 tons of explosives.
Israel detonated 700 tons of explosives beneath Beaufort Castle in South Lebanon, in the middle of the night.
A 900-year-old Crusader castle that UNESCO just listed as endangered heritage.
Our news is fake, because the people bringing us our news are total garbage.
“According to officials, Santana-Garcia is undocumented and has been “removed from the United States on multiple occasions.”
Illegal alien =/= Salt Lake man
It’s not just materialism; it’s a general sense of happiness. We all naturally look to our peers for understanding and validation but women especially have traditionally had it filled by their sisters, mothers, and girlfriends in the community but also by confident men like their fathers and husbands. Now all of that is gone, replaced by Real Housewives. Women are like utterless ships on a stormy see with no captain. They’re just getting tossed around and blaming the very things they need as oppressive, such as good men and motherhood, for their unhappiness.
@ldsabuse@shaunattwood@DBrozeLiveFree I haven’t been impressed with Derrick’s writing on the LDS church. It’s clear he had a very superficial understanding. Not sure if that’s changed. Did you listen and like this interview?
@CoffeeandaMike No. The war nobody wants in the Middle East is gonna continue to distract from the invasion of the entire western world by third world illegal migrants.
@MeatEaterTV Not even the filthy Commies of the USSR tried to ban hunting, fishing, and trapping. How long before these radical extremists get even more power?
@LukeGromen@GrayConnolly@amlivemon Careful Luke! Before long you'll start wondering about passports found by the FBI in the WTC rubble, beheaded babies by Hamas, yellow cake Uranium in Iraq, Sarin gas in Syria, Osama Bin Laden's body dumped into the ocean, two weeks for Iran to get a nuke...
@dandinohill Lots of regular Americans with common sense get elected to Congress, but the swamp chews them up. After just a few weeks, they’re no longer recognizable. They’re confronted with a rigged system and they decide the only reasonable thing to do is to play the rigged game.
The more you peel back the onion, the worse it is.😡
Governor Cox’s Office of Economic Development is listed as a PARTNER for this pro-illegal alien outfit called the Utah Immigrant Advocacy Coalition.
MWEG is also a partner, so you know it’s bad. This coalition collaborates with Utah ACLU, DSA, the “No Kings” Indivisible people, and all the pro-Bad Hombre groups on the promotion and participation in ICE OUT, anti-law enforcement protests. 😵💫
This U-IAC is a horror show of militant, anti-American, partisan Democrat degeneracy. Some sick, sick stuff for a Republican administration to fund. WTH? @GovCox@JonSPierpont@MikeLMower@mschultz_12 This needs to end YESTERDAY.
@jimiuorio And in the meanwhile, flooding the country with tens of millions of illegal foreigners because they’re known for being so much more hygienic.