Prelude to Economic Disaster: Billionaire Liquidates All Real Estate Ahead of Crash


If you were to contact a real estate agent in any major market today they’d likely advise you the market is so “hot” that if you intend on purchasing property you’d better be prepared to act fast. They’ll adamantly point out, contrary to reality, that the housing market has recovered, available inventory is dropping, prices are rising, and they can only go higher from here.

But if you’re paying attention to what’s happening around us, and not just with our own economy here in the United States, then you’d likely have noticed that while many Americans are flying high on hopes of change and recovery, there is an economic disaster of unprecedented scale in the making.

First, we know that the third largest economy in the world, China, is going through a massive credit crunch as bad loans there have soared to near all time highs, meaning that loans are quickly becoming non-existent and credit markets are now frozen. This means that no one is going to be building ghost cities and empty malls in the Peoples’ Republic again any time soon. Moreover, it means no more easy cash. We know what happened in the United States and the rest of the world when the last credit crunch hit.

Second, as Sovereign Man points out, the richest man in Asia Li Ka-Shing (their version of Warren Buffet or Bill Gates with a reported net worth of $ 30 billion) has rapidly liquidated his real estate holdings and is existing the market as quickly as possible.

Here’s a guy you want to bet on– Li Ka-Shing.

Li is reportedly the richest person in Asia with a net worth well in excess of $ 30 billion, much of which he made being a shrewd property investor.

Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it.

Since August of last year, he’s dumped billions of dollars worth of his Chinese holdings. The latest is the $ 928 million sale of the Pacific Place shopping center in Beijing– this deal was inked just days ago.

Once the deal concludes, Li will no longer have any major property investments in mainland China.

This isn’t a person who became wealthy by being flippant and scared. So what does he see that nobody else seems to be paying much attention to?

Simple. China’s credit crunch.

But Li Ka-Shing isn’t the only one bailing. Luxury real estate investors are unloading their real estate assets as well in an effort to raise cash and not be the last one holding a dead asset. For all intents and purposes, the music in China has stopped:

Cash-strapped Chinese are scrambling to sell their luxury homes in Hong Kong, and some are knocking up to a fifth off the price for a quick sale, as a liquidity crunch looms on the mainland.

On the domestic front we’ve seen stock markets drop a fairly significant level in recent weeks. So much so that company’s hoping to launch new IPO initiatives have chosen to just sit this one out as they are worried that investors are running out of money to help fund their operations.

You wouldn’t know that, of course, because mainstream media pundits like Dennis Kneale continue to sell Americans on the notion that we’re in a robust recovery:

Yet the economy, both locally and globally, is in vastly better shape than it was when we took that terrible tumble, down to Dow 6,800 in March 2009.

Americans have cut back on debt, and so have companies.

Karl Denninger of the Market Ticker calls this one what it is – a complete lie – and points out that we are nowhere near cutting back on our debt.

I Despise Liars

US debt to present

“Cut back”?  Really?  Worse, ex mortgages this is not true at any level; there is $ 3,733.5 billion in non-mortgage consumer debt outstanding.  That is an all-time high; in Q4/2006 (just before the crash, remember?) that stood at $ 3,047.2 billion or nearly $ 700 billion less.

An awful lot of that increase since 2007, incidentally, is student loans — exactly where it cannot be for sustainable economic progress since the younger generation has to eventually take the reins from us older folks.  This is nothing more than an economic Ponzi scheme with its cheering section led by people like Dennis who refuse to look at and argue from facts.

As for corporate debt it never decreased at all.

Something is amiss, and the fact that no one in the mainstream, which is where tens of millions of Americans get their “facts,” is really talking about it should be a blaring alarm.

There are, however, some Americans paying attention. As in China, it’s the billionaires and elite who have direct access to the puppeteers pulling the strings, and like Li Ka-shing, they have been quietly and rapidly dumping millions of shares of stock:

Despite the 6.5% stock market rally over the last three months, a handful ofbillionaires are quietly dumping their American stocks . . . and fast.

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

The big money, often referred to as the smart money, is getting out of the game and they are dumping these assets on unsuspecting investors.

They know, for example, that earnings growth has now plunged to its lowest levels since 2012.

As these in-the-know elites unload their positions, average investors depending on their financial advisers to tell them the truth are slamming money into these stocks and paying, in some cases, 500 times earnings. Real estate investors are, likewise, overpaying for homes based on the idea that markets are “hotter” than they’ve been in years.

It’s a recipe for disaster and it won’t end well – at least for 99% of people who blindly believe the opinions of their favorite “experts.”


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

Bloomberg’s Benevolence: “Like Many Other Billionaire Elites His Goal Is… Control”

Editor’s Note: You’ve no doubt heard about New York City’s new restrictions on sugary sodas (and the plethora of other restrictions introduced recently). While the architect of these new policies, Mayor Michael Bloomberg, claims they are designed to “encourage individuals to  make the choices that will improve their lives,” they are encouraged to do so in much the same way that Communist dictator Josef Stalin encouraged his countrymen – through the barrel of a gun.

The following report from Daisy Luther of The Organic Prepper provides some insights into the benevolent motivations behind one of the nation’s most tyrannically-minded politicians. Hint: Follow the money. This not about benevolence or public health, it’s about restrictive control, a massive government power grab, and generating revenue for elite conglomerates.

Taking Some of the “Bloom” Off Bloomberg
By Daisy Luther (


By all public appearance, New York City’s billionaire Mayor Michael Bloomberg is very concerned about the health of his citizens.  My goodness, he outlawed big sugary drinks, he required that chain restaurants list the nutritional data of their offerings and he even put baby formula under lock and key in NYC hospitals in an attempt to shame mothers into breast-feeding regardless of their personal opinions on the matter.  He has even shared his “agenda” (more on this in a minute) with the public, letting everyone know how noble his intentions are:

As we look ahead to the post-2015  development agenda, we have an opportunity to build on that work and make our efforts even more successful.  To ensure that we fully capitalize on this opportunity, I would like to share some of the experiences I have had as an entrepreneur, mayor, and philanthropist that  I hope will help in framing the next set of goals for the global health community.

In particular, the following principles are worthy of consideration:

1) Use data and metrics in setting goals, assessing progress, and ensuring accountability;
2) Make the healthy choice the default by creating policies that encourage individuals to  make the choices that will improve their lives; and
3) Leverage public-private partnerships for social good.

These three principles have been integral to my work in the private, public, and nonprofit sectors.  (source)

Now, really.  How can anyone look at that and think that Bloomberg is anything other than the benevolent demigod of New York City?

I’ll tell you how.  Just look a little bit deeper and you will see that, like with nearly everyone in politics or a position of authority, you simply have to follow the money.  All those who speak about health and set themselves up as experts in YOUR health are not what they appear to be.  Some of these “experts” try to enforce their version of “health” because it profits them.

I got started on this topic with a conversation on a forum with my internet buddy, Zoltanne.  We were idly discussing Mr. Soda Pop Nazi and voiced our suspicion about the fact that there has to be something in it for him, other than skinny New Yorkers.

And indeed there is…

As Z put it, “He’s definitely got skin in the game.”

Bloomberg’s dirty little secret is this – he is NOT interested in your health – he’s interested in your money and he is interested in control.  If he were interested in health, he definitely wouldn’t be promoting Splenda, a neurotoxic artificial sweetener also known as aspartame.  Nutrasweet is made when genetically modified e-coli bacteria is fed fossil fuel.  The feces that are then produced are…artificial sweetener!  Yep, that Diet Coke and Diet Pepsi that Bloomberg would replace the large sugary beverages with in NYC is sweetened with e-coli poop. Aspartame is a neurotoxin that quite literally excites the cells in the brain until they die.  It has been called the most dangerous food additive on the market and has been proven to becarcinogenic in animal studies.

But Splenda is his choice because (are you sitting down?) he’s got a link to the company.  A billion dollar link.  Literally – a billion dollars, filtered through a bunch of “philanthropic” smoke and mirrors.

Splenda is manufactured by a subsidiary of Johnson and Johnson – McNeil Nutritionals.

Bloomberg got his degree from John Hopkins University, to which he has donated over a billion dollars.  In fact, he has given them so much money they even named a program after him –  the Johns Hopkins Bloomberg School of Public Health.

Guess who else has a program there?  If you said Johnson and Johnson, pat yourself on the back.  J&J established the  Johnson & Johnson Community Health Care and Scholars Program, and Bloomberg’s program is part of J&J’s program in a rather incestuous little network.

The website states:

Johnson & Johnson and the Bloomberg School have been partners for more than 10 years. During this time, more than 70 community healthcare organizations have received technical assistance from Hopkins doctoral students.

It’s difficult to find a direct financial link between Bloomberg and J&J.  That’s because a young Michael Bloomberg took a $ 10 million severance payout when he was laid off from his partnership at Salomon Brothers, a Wall Street investment firm, and invested that money into his own company, Bloomberg LP, now worth billions of dollars.  Bloomberg retains 72% of the multinational mass media corporation.  The company offers financial technology products and also has a financial news service.  Because Bloomberg LP is a privately held company, they have less comprehensive reporting requirements.

According to an article on JHU’s Hub, “The mayor’s generosity has had an extraordinary impact on Johns Hopkins in every way – in terms of facilities and infrastructure, research and academic achievement, student body quality and diversity.”  We must keep in mind that by funding these programs, his input is considered regarding the curriculum.  And this is how students are being indoctrinated with the policies of Agenda 21. (I told you I’d get back to this.)

Agenda 21 is basically a plan to force everyone in the 99% to do what is “best for them” by government mandate.  Masquerading under the friendly sounding cloak of “sustainable development” Agenda 21 is a plan by the UN to control….EVERYTHING.

Humanity stands at a defining moment in history. We are confronted with a perpetuation of disparities between and within nations, a worsening of poverty, hunger, ill health and illiteracy, and the continuing deterioration of the ecosystems on which we depend for our well-being. However, integration of environment and development concerns and greater attention to them will lead to the fulfilment of basic needs, improved living standards for all, better protected and managed ecosystems and a safer, more prosperous future. No nation can achieve this on its own; but together we can – in a global partnership for sustainable development…Its successful implementation is first and foremost the responsibility of Governments. National strategies, plans, policies and processes are crucial in achieving this.(source)

Bloomberg has vocally expressed his support of Agenda 21, and we can see quite clearly how he is putting these plans into action in the largest city in the United States.

He has provided his dietary oversight, since the New Yorkers don’t seem to be able to feed themselves without his help.   Under his “leadership” New York City has the strictest gun laws in the state, requiring permits, licensing and registration, a move that left the citizenry largely disarmed and unable to protect themselves in the aftermath of Hurricane Sandy.  Never one to let a good crisis go to waste, Bloomberg rounded up celebrities to  put together a propaganda video calling out for even more gun control just days after the tragedy at Sandy Hook Elementary School. (This goes hand in hand with the UN Small Arms Treaty.) He certainly has his finger in the educational pie, as evidenced by his large donations to Johns Hopkins.  He has sponsored a design contest for Agenda 21-style micro apartments of 250 square feet, using his position as mayor to waive the zoning laws that don’t allow living spaces that small in order that the plan can come to fruition.

In his document Bloomberg on the Post-2015 Development Agenda he advocates “population level policies” because they”can be highly cost effective, save lives, increase quality of life, add value to the economy and be replicated worldwide. The new development goals, indicators, and targets should be engineered with this in mind. Make the environment safe, and make the default choice the healthy choice…An intervention that reaches the whole population through policy change may be more equitable and effective than one that can only be made through a hospital or clinic.”  In other words, the law will force you to make healthy choices (defined by them) whether you want to our not.

He arrogantly concludes:

The post-2015 development agenda has an enormous opportunity to build on the progress that has been made since the launch of the Millennium Development Goals – and expand and accelerate that progress. In New York City, the work we have done to improve public health has led to a major increase in life expectancy, which is now 80.9 years, 2.2 more years than the current national average of 78.7.  In New York City, an important part of our success is attributable to the concerted effort we  have made to prevent non-communicable disease. Our story is presented in the attached document “Preventing Non-Communicable Diseases and Injuries, Innovative Solutions from New York City,” which lays out the strategies we have used to reduce smoking rates, promote healthier eating and physical activity, prevent injuries, improve air quality, and increase preventive medical care.”

Forbes Magazine tells us that Bloomberg has made “notable gifts” to the Center for Disease Control and the World Health Organization, both highly connected to the UN (an organization that is directing us towards one-world government) and Agenda 21. (Note that despite the billions of dollars in donations Bloomberg makes every year, at last count there were still nearly 2000 people in NYC living without heat, running water and power 3 months after Hurricane Sandy.)  According to his website, casually named “Mike”:

His passion for public health has led to ambitious new health strategies that have become national models, including a ban on smoking in all indoor workplaces, as well as parks and beaches. Today, life expectancy is three years longer than it was before Mayor Bloomberg took office. His belief that America’s mayors and business leaders can help effect change in Washington has led him to launch national bi-partisan coalitions to combat illegal gunsreform immigration, and invest in infrastructure. He also created a far-reaching plan allowing New York City to fight climate change and promote sustainable development on an unprecedented scale. In acknowledgement of his leadership on these issues, Bloomberg was recently named Chair of the C40 Cities Global Climate Initiative.

Bloomberg’s money and influence have made him one of the biggest threats to personal liberty in America.  He believes that by following his guidelines:

“…the United Nations, its partner organizations and the governments with which they work can make lasting progress towards solving some of the most stubborn development challenges—particularly the growing burden of non-communicable diseases around the world. Population-wide approaches are necessary complements to Universal Health Coverage, the goal of many in the global health movement. Indeed, population-wide approaches like the ones outlined in the Mayor’s submission are among the most effective and equitable ways to address key health risk factors and save lives.”

Bloomberg is not about benevolence.  His commitment to public health is actually a commitment to power and allotment of resources.  Like many other billionaire “elites” his goal is … control.

SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You