Thursday, June 11, 2026

BUMBADUM: Illegals were getting 2% interest rate covid FHA mortgages with 0 down payment backed by the US Government. That's why we cant afford a fucking house.

And you wonder why I've been saying that Obama and London Stole Fannie and Freddie in 2008? This is what they were ultimately doing under the hood. And they stole this from Americans, using Lehman as cover for the theft. Answer these questions and you'll see what I'm getting at: Why was Lehman liquidated/executed by Hank Paulson?
Why was AIG (London-based reinsurer) bailed out multiple times? Why did all of this happen 7 days after a 'report' said Fannie/Freddie were insolvent and nationalized? 2008 was 9/11 for the US mortgage industry times 12.

HOPE and CHANGE MY FAT HAIRY ASS. 

KUNG FU (@CHART_FU): The Petro-Eurodollar refers to the offshore dollar funding and credit creation system that financed much of that trade. Born in London in the 1950s, it grew into a massive global network of dollar deposits and loans existing outside the US regulatory system.

The Petrodollar vs. Petro-Eurodollar: Two Very Different Systems Most people blur these terms, but separating them is essential for clean mapping. The Petrodollar is the pricing and settlement layer: the vast majority of global oil is still sold and settled in US dollars. This core remains structurally strong and gives America enduring demand for its currency. The Petro-Eurodollar refers to the offshore dollar funding and credit creation system that financed much of that trade. Born in London in the 1950s, it grew into a massive global network of dollar deposits and loans existing outside the US regulatory system. London was the historic heart and still the largest single hub, but the system is distributed across other centers like Singapore, Hong Kong, the Cayman Islands, and Dubai. For decades the two worked in tandem: oil priced in dollars + London (and offshore) financing the flows. That combination powered global dollar liquidity and let the US run large deficits. What’s happening now is the deliberate replumbing of the eurodollar funding side. Bilateral energy deals, WTI pricing migration at Cushing, Gulf swap lines, and new permanent funding centers are replacing the old London-heavy intermediation. The transactional funding layer is being rerouted while the core petrodollar settlement dominance is being protected and modernized. This distinction matters. Critics who say “the petrodollar is dying” are usually watching eurodollar funding stress and missing that the US is actively replacing the fragile old plumbing rather than clinging to a collapsing system.

The mercantilist transition isn’t abandoning dollar primacy — it’s upgrading the architecture underneath it. Same dollar, different (and more controllable) pipes. 

MORAL SUPERIORITY OF THE SOUTH

SAMA HOOLE: Week 26: "Pricing up half a cow and a chest freezer." Week 30: "Considering whether the garden could support a heifer." Week 36: "Naming the heifer."

The label reading evolution: Week 1: "I'll cut sunflower oil from the cupboard. Done." Week 2: "Why is rapeseed oil in the bread." Week 3: "Why is sunflower oil in the hummus." Week 4: "Why is canola oil in the pesto." Week 6: "The shop is now taking ninety minutes." Week 8: "There's seed oil in the tinned tomatoes." Week 10: "The 'olive oil mayonnaise' is 96% rapeseed." Week 14: "Asking waiters what they fry the chips in. Nobody knows." Week 18: "Bringing a small bottle of tallow to dinner parties." Week 22: "Rendering my own dripping on a Sunday." Week 26: "Pricing up half a cow and a chest freezer." Week 30: "Considering whether the garden could support a heifer." Week 36: "Naming the heifer."

The descent into paranoia is just pattern recognition arriving in real time.

LINUXHIPPIE: That's why he's in charge.....to make it go away. It's what the GOPe does. It's why they won't pass the SAVE Act or didn't repeal Obamacare and allowed the obvious fabrications of Russia Russua.