Owner of 8chan Says the Manifesto Was NOT Uploaded By the El Paso Walmart Shooter by Cassandra Fairbanks August 6, 2019

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Owner of 8chan Says the Manifesto Was NOT Uploaded By the El Paso Walmart Shooter
Avatar by Cassandra Fairbanks August 6, 2019

Owner of 8chan Says the Manifesto Was NOT Uploaded By the El Paso Walmart Shooter

The owner of the anonymous message board 8Chan, Jim Watkins, has unequivocally stated that the manifesto which was said to have been posted by the El Paso Walmart shooter on his website was not actually posted by the killer.

Just moments before the deadly shooting in El Paso on Saturday, a sinister four page long manifesto was posted to 8Chan by someone who claimed to be the shooter.

Owner of 8chan Says the Manifesto Was NOT Uploaded By the El Paso Walmart Shooter
Avatar by Cassandra Fairbanks August 6, 2019 525 Comments

4.8KShare 391Tweet Email

The owner of the anonymous message board 8Chan, Jim Watkins, has unequivocally stated that the manifesto which was said to have been posted by the El Paso Walmart shooter on his website was not actually posted by the killer.

Just moments before the deadly shooting in El Paso on Saturday, a sinister four page long manifesto was posted to 8Chan by someone who claimed to be the shooter.

However, Watkins, an Army veteran, asserted that the shooter actually posted on Instagram prior to the attack — and whoever uploaded the manifesto to 8Chan was not the person who committed the heinous act.

“First of all, the El Paso shooter posted on Instagram, not 8Chan. Later, someone uploaded a manifesto. However, that manifesto was not uploaded by the Walmart shooter,” Watkins asserted in his video statement. “I don’t know if he wrote it or not, but it was not uploaded by the murderer. That is clear, and law enforcement was made aware of this before most people had even heard the horrific news.”

Watkins asserted that though his platform is known for being a bastion of free speech, they have never and will never protect illegal speech.

On Sunday, a campaign went viral to get hosting companies to ditch 8Chan over the manifesto turning up there. Cloudflare, a web security company, also announced that they would be dropping 8Chan. Watkins said that the move to target his website’s hosting is political.

“Some of you might’ve read the @Cloudflare news already. They’re dropping 8chan. https://blog.cloudflare.com/terminating-service-for-8chan/
There might be some downtime in the next 24-48 hours while we find a solution (that includes our email so timely compliance with law enforcement requests may be affected)”.

Terminating Service for 8Chan
The mass shootings in El Paso, Texas and Dayton, Ohio are horrific tragedies. In the case of the El Paso shooting, the suspected terrorist gunman appears to have been inspired by the forum website…
blog.cloudflare.com

https://blog.cloudflare.com/terminating-service-for-8chan/

Owner of 8chan Says the Manifesto Was NOT Uploaded By the El Paso Walmart Shooter
Avatar by Cassandra Fairbanks August 6, 2019 525 Comments

4.8KShare 391Tweet Email

The owner of the anonymous message board 8Chan, Jim Watkins, has unequivocally stated that the manifesto which was said to have been posted by the El Paso Walmart shooter on his website was not actually posted by the killer.

Just moments before the deadly shooting in El Paso on Saturday, a sinister four page long manifesto was posted to 8Chan by someone who claimed to be the shooter.

However, Watkins, an Army veteran, asserted that the shooter actually posted on Instagram prior to the attack — and whoever uploaded the manifesto to 8Chan was not the person who committed the heinous act.

“First of all, the El Paso shooter posted on Instagram, not 8Chan. Later, someone uploaded a manifesto. However, that manifesto was not uploaded by the Walmart shooter,” Watkins asserted in his video statement. “I don’t know if he wrote it or not, but it was not uploaded by the murderer. That is clear, and law enforcement was made aware of this before most people had even heard the horrific news.”

Watkins asserted that though his platform is known for being a bastion of free speech, they have never and will never protect illegal speech.

On Sunday, a campaign went viral to get hosting companies to ditch 8Chan over the manifesto turning up there. Cloudflare, a web security company, also announced that they would be dropping 8Chan. Watkins said that the move to target his website’s hosting is political.

The message board, according to Watkins, has over a million users who post anonymously on the platform. It gained much notoriety from being the home base of the “Q Anon” theories.

Watkins said that they are continuing to work with law enforcement and working to keep his site active.

———————————————-

“The message board, according to Watkins, has over a million users who post anonymously on the platform. It gained much notoriety from being the home base of the “Q Anon” theories.”

MainfestInjustice asks: Could this be one of the real reasons that they wanted to get rid of 8Chan?

“Global dimming” is a plot to EXTERMINATE humanity by terraforming the atmosphere with SMOG pollution, killing Earth’s food crops and unleashing ecological collapse

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TERRAFORMING has begun: “Global dimming” is a plot to EXTERMINATE humanity by terraforming the atmosphere with SMOG pollution, killing Earth’s food crops and unleashing ecological collapse
12/04/2018 / By Mike Adams
https://www.chemtrailsnews.com/2018-12-04-global-dimming-globalist-plot-to-eliminate-humanity-terraforming-food-crops-pollution.html

Now we come to the end game for humanity. This is it, folks: They have a plan to collapse global food production, kill off over 90% of the human race, devastate natural ecosystems and pollute the Earth’s atmosphere… and it’s all being sold to you under the banner of “environmentalism.”

The scheme is called “global dimming,” and it’s a dangerous geoengineering plot to spray billions of tons of smog into the atmosphere so that pollution levels would block sunlight and halt global warming. This is literally what the mad environmental scientists are now proposing — the very same people who have, for years, claimed that “chemtrails” are a conspiracy theory and don’t exist. Now, all of a sudden, they want to chemtrail the entire planet in order to “save” us all from global warming.

“Stratospheric aerosol injection” now the new name for chemtrails / geoengineering

The global dimming scheme is, of course, based on spraying chemtrails into the upper atmosphere using thousands of high-altitude flights that release pollution to dim the sun. The very idea of “chemtrails” has, until now, been mocked by the media and the science establishment, who have for years claimed the very idea of chemtrails is a lunatic conspiracy theory. So they’ve changed the name to “stratospheric aerosol injection,” and they now have a science paper that outlines all the costs involved.

“We lay out a future solar geoengineering deployment scenario of halving the increase in anthropogenic radiative forcing,” writes Wake Smith and Gernot Wagner in their paper, “Stratospheric aerosol injection tactics and costs in the first 15 years of deployment.” Published in Environmental Research Letters, you can view the full text of the study at this link.

Geoengineering is another term that many people use synonymously with “chemtrails.” And now it’s a strategy being openly advocated by scientists to halt so-called “climate change,” a fake science hoax that has been perpetrated on the world by power-hungry globalists who want humanity to surrender to global rule in the name of “saving the planet.”

The study cites the specific aircraft that would be needed to achieve chemtrails pollution. “[P]urpose-built high-altitude tanker with substantial payload capabilities” would be deployed to spray sulfur dioxide into the atmosphere. The paper proposes 4000 flights a year, costing $2.25 billion per year, continuing over 15 years to make sure the atmosphere is significantly polluted to dim the sun and achieve the terraforming goals of globalists (see more details, below).

In the conclusion of their abstract, the study authors explain the program would require, “thousands of flights annually by airliner-sized aircraft operating from an international array of bases,” making it almost impossible to keep secret.

Of course, this very program has already begun, and secrecy isn’t necessary when you have the entire media and science establishment condemning any belief in chemtrails as a form of mental illness. So just remember: As they pollute the skies and dim the sun, if you point out that they’re polluting the skies and dimming the sun, you’re a “conspiracy theorist.”

And there’s no such thing as chemtrails, you see. Nope, it’s “stratospheric aerosol injection” now, which sounds almost sciency. That’s how this program is already being perpetrated right under our noses, right now, even while the media runs a global cover-up to dismiss such ideas as bizarre theories.

The global controllers hope you never read the science papers, of course, because there, geoengineering is routinely cited and even advocated as the “solution” to climate change.

Stratospheric Aerosol Injection (SAI) explained… and yeah, it’s just another name for chemtrails

“Stratospheric Aerosol Injection (SAI) would require lofting hundreds of thousands to millions of tons of material each year to altitudes up to ~20 km,” explain study authors. They also ask, “Could it be done in secret?”

The study offers heavy discussion on the design and costs of aircraft that could deliver the planned pollution to the upper atmosphere:

IPCC (2018) states that ‘there is high agreement that aircrafts after some modifications could inject millions of tons of SO2 in the lower stratosphere (~20 km)’.

The overall goal of the geoengineering program is to inject 5 million tons of SO2 (sulfur dioxide, otherwise known as “smog”) into the atmosphere. Achieving that goal, “assumes a rational actor seeking to implement a scientifically sensible SAI program,” write the study authors, somehow claiming it is “rational” to disperse mass pollution across the atmosphere of your own planet. The same authors also claim this program must be conducted, “purely out of humanitarian and environmental considerations.”

Shocking realization: This is terraforming planet Earth to collapse the global food supply and kill off humans

In considering the sheer lunacy of the “Stratospheric Aerosol Injection” plan, I feel compelled to state that these climate change / global warming scientists are dangerously insane sociopaths and they must be stopped before they murder us all. These lunatics, if given enough government funding, will literally murder our planet and destroy human civilization. Such is the cost of the decades of false propaganda in our public schools that has brainwashed children into believing “climate change” is real and must be halted. The schemes now being proposed to halt this non-existent problem will, themselves, bring about the global destruction that children are being warned about with global warming.

This global pollution / terraforming program, if allowed to continue, could unleash the following devastating consequences, especially if deployed at a time when the sun is in its own dimming cycle that would accelerate global cooling.

#1) Global collapse of food crops – The reduction in solar radiation caused by geoengineering, combined with the natural cycle of global cooling from sun cycles, could produce a sharp reduction in food crop production across the globe. This would result in increased food prices and reduced food supplies, adding to vectors for civil unrest and “climate refugees” invading First World nations to escape starvation.

#2) Global rise in cancer from vitamin D deficiency – Reduction in solar radiation reaching the surface of the planet would exacerbate vitamin D deficiencies that already strongly contribute to cancer fatalities around the world. Sunlight is currently the primary source of vitamin D for billions of world citizens. Dimming the sun would be a death sentence for millions each year who would suffer the dire consequences of chronic vitamin D deficiencies.

#3) Global drop in IQs due to increased air pollution – Increases in air pollution have been scientifically found to lower children’s IQs. In addition, air pollution is scientifically documented to damage DNA in the womb, increase the risk of ventricular arrhythmia and increase the risk of bone loss in humans.

#4) Massive loss of habitat and ecosystems due to decreased sunlight and colder temperatures – Entire ecosystems — such as rainforests — could be devastated by a pollution-initiated drop in solar radiation. Marine ecosystems also rely heavily on solar radiation to power the photosynthesis of ocean plants such as seaweeds, grasses and algae, which serve as a pillar food source for the entire marine food web. Dimming the sun would have devastating consequences for all ecosystems on the planet, resulting in a catastrophic loss of life, habitat and eco-diversity.

#5) Huge increase in global acid rain that will devastate forests and food crops – The mass injection of SO2 into the atmosphere will result in SO2 being dispersed into lower levels of the atmosphere over time. There, mixed with rain storms, it will create sulfurous acid, otherwise known as acid rain. This acid rain will devastate forests and food crops and result in the acidification of crop soils, destabilizing soil microbes and leading the widespread crop losses.

#6) Decreased plant production of oxygen that’s necessary for humans, primates and mammals to survive – Nearly all plants depend on solar radiation for photosynthesis, which uses CO2 as a “fuel” and produces oxygen (O2) as a byproduct. Reducing solar radiation through chemtrails pollution would reduce the production of oxygen by plants, resulting in a global fall in atmospheric oxygen levels, ultimately leading to the mass asphyxiation of humans, primates and mammals if allowed to continue. Even the EPA (see source below) admits that SO2 interferes with human respiration and makes it difficult for people to breathe.
Photosynthesis-600

Even the EPA recognizes sulfur dioxide as a dangerous pollutant that makes it difficult for humans to breathe

Note carefully that the geoengineering efforts being advocated to dim the sun are based on sulfur dioxide, a known pollutant. “Short-term exposures to SO2 can harm the human respiratory system and make breathing difficult,” warns the EPA. “…[G]aseous SOx can harm trees and plants by damaging foliage and decreasing growth… SO2 and other sulfur oxides can contribute to acid rain which can harm sensitive ecosystems,” the EPA writes.

In other words, it isn’t even debated whether sulfur dioxide is a pollutant. It’s smog (or technically, it reacts to create smog), and the very idea that mass polluting the atmosphere with SO2 would somehow “save” the planet is rooted in nothing less than advanced psychosis or some other dangerous form of mental illness. That such schemes are marketed under the banner of “science” just shows how twisted the institution of science has now become.

Why would any rational institution seek to mass pollute our entire planet and destroy food crops, forests, mammals, primates and humans? The answer is even more shocking than the proposal itself, it turns out. Keep reading, as one possible explanation for all this continues below…
Stratospheric-Aerosol-Injections-Liberals-600

It wasn’t long ago that scientists warned about “global cooling” and the coming Ice Age

It was only a generation ago that young scientists were being warned that Earth was entering a “global cooling” crisis that would bring about a whole new ice age. This was the climate panic of the 1970s and early 1980s. Today’s older scientists remember the warnings quite well. We were all told that if we didn’t find a way to warm the planet, we would all perish as Earth was turned into a ball of ice.

Beginning in the 1990s, the scientists flipped the script, reversing their warning and suddenly claiming the problem was too much heat. We were all going to die from global warming if we didn’t change something, we were told. A decade or so later, when it was revealed that government science scammers were faking all the warming data, they changed the scam to “climate change,” since they couldn’t scientifically support either warming or cooling.

Here’s the cover of TIME Magazine from 1977, which warns, “How To Survive The Coming Ice Age,” then urges readers to get on board to save the planet, saying, “51 Things You Can Do to Make a Difference.”
Time-Magazine-Ice-Age-400

Today, we’re told the most absurd, insane things by these scientists who insist that the climate never changed at all before the year 1920, with the rise of the combustion engine and “human activity.” And now we’re constantly terrorized by the fake news media into thinking that if we don’t pollute the Earth’s atmosphere with smog, we will all somehow die from the rise of carbon dioxide, the No. 1 most important greening nutrient for plants, forests and food crops.

So now they’ve decided they have to poison the atmosphere to fight climate change, and they’ve got about a billion gullible world citizens convinced that this is somehow an amazing idea. What they would really unleash, of course, is absolutely catastrophic to all life on our world. Remember: They want to disperse billions of tons of sulfur dioxide (smog) into the atmosphere through massive government-funded chemtrailing of the planet. The question now emerges: Is the destruction of humanity deliberate? If so, who would hatch such a nefarious plan?

Geoengineering is a planet-wide weapon system being deployed to eliminate human life on Earth while terraforming the planet for some other purpose

Here’s the cosmic inconvenient truth that Al Gore doesn’t want you to consider. What we are really witnessing here is the planned terraforming of planet Earth for some other purpose. And by “other,” I mean other than human.

If you wanted humans to thrive on planet Earth, you would not unleash mass pollution, acid rain, food crop failures, oxygen depletion and global dimming. You would, instead, try to reduce pollution, support plant life, enhance food crop production and protect global ecosystems from pollution. That’s the normal, rational thing that any human being would naturally want to pursue.

Yet we are subjected to these nefarious geoengineering schemes that directly contradict every principle of sustainable life on Earth. And it’s all described as a way to “save” the planet, even as it would destroy global life support for humans.

I can’t help but be reminded of the outstanding film Oblivion, starring Tom Cruise. In the film, the Cruise character thinks he’s protecting human civilization, but he’s actually (unknowingly) working for extraterrestrials who are stealing Earth’s resources and exterminating humans. The film is one of the best science fiction films of all time, and its story sounds eerily similar to what may be happening right now with so-called “geoengineering.”

Who (or what) would want to alter the atmosphere, decimate oxygen levels, destroy the food supply and collapse human civilization? The answer should be obvious: Something that is in competition with humans and sees no further use for humanity. Human life on Earth appears to be in the process of being “cleansed” in a cosmic ethnic cleansing scheme that will produce an altered, low-oxygen atmosphere that might prove advantageous to a life form which isn’t already part of Earth’s existing ecosystem. The reduction in solar radiation reaching Earth’s surface would make the planet more hospital to a life form that originated from a planet located farther from its home sun than Earth is from our own sun.

It raises the obvious, if bizarre-sounding, question: Are Earth’s globalists preparing the planet for a post-human era? And is that plan disguised as a “climate change” emergency course of action so that the sheeple can be told the mass pollution of the skies is a bold plan to save humanity rather than exterminate it? What if “climate change” is actually a cosmic false flag hoax that was designed from the very start to convince Earthlings to support their own extermination? Given the now-planned destruction of Earth’s atmosphere in the name of “climate change,” we must now consider such possibilities, no matter how bizarre they first seem.

Why are all the globalists suddenly talking about escaping to Mars and terraforming Mars into a habitat where humans can survive? Why are globalists now so desperate the alter Earth’s atmosphere and make the planet inhospitable to humans? Why such a recent focus on the Arctic seed vault to preserve the seeds of life in preparation for a global cataclysm? Why are so many globalist insiders building underground bunkers and living in them?

I don’t have the answers to all these questions, but I do know that the fairy tale stories we’re being told about “climate change” and how we must save the planet by polluting the skies are rooted in complete quack science fiction and brainwashing propaganda.

On the other hand, if humans are stupid enough to destroy their own planet in the name of saving the planet, perhaps they’re simply not qualified to participate in an intelligence universe after all. Natural selection, after all, is likely playing out on a cosmic scale, and Earth appears to be flunking the cosmic IQ test that wonders, “Hey, is that civilization stupid enough to commit suicide based on a fairy tale hoax?”

So far, it appears the answer for Earth and humans is a resounding “Yes!”

This entire topic, by the way, will be featured in this Sunday’s broadcast of Counterthink, airing at 6pm cental at InfoWars.com, with the full episode also appearing at Counterthink.com a few days later. Don’t miss it.

 

Treason? Is Former Secretary Of State John Kerry Advising Iran Against US & Trump On Current Hostilities In The Straits Of Hormuz?

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Treason? Is Former Secretary Of State John Kerry Advising Iran Against US & Trump On Current Hostilities In The Straits Of Hormuz? [Opinion]
POSTED BY: DEAN JAMES JULY 20, 2019
Posted by Dean James at Right Wing Tribune

Treason? Is Former Secretary of State John Kerry Advising Iran Against US & Trump On Current Hostilities in the Straits of Hormuz? [Opinion]

Remember back to last year. On multiple occasions it could be said that Obama’s former Secretary of State, John Kerry was “colluding” (meeting) with the world’s leading funder of state-sponsored terrorism, Iran.

Democrats have spent three years expressing outrage over claims of collusion with a foreign power to undermine our democracy.

Not so much when its a member of the Big Club.

In May of 2018, Kerry was outed for engaging in multiple secret meetings with Iran’s foreign minister to strategize over how to undermine President Trump’s plans to withdraw from the Iran nuclear deal.

By mid-September, Kerry blatantly admitted he was serving as an agent for a hostile foreign power:
Former Secretary of State John Kerry admitted Wednesday that he’s met with top Iranian officials in hopes of salvaging the scrapped nuclear deal — as he slammed the Trump administration for trying to further “isolate” Iran.

The one-time presidential candidate said he’s sat down with Iranian Foreign Minister Javad Zarif “three or four times” in places including Norway and Munich since leaving office last year.

As evidence of these ongoing meetings mounted, it became clear that Kerry was intent on undermining President Trump’s policies with regard to Iran.

Remember too, Obama’s plan for a strategic alliance with Iran throughout the Middle East and North Africa that had been in the works since he was candidate Obama.

For leftists, the struggle never ends.

No former president had ever assembled an army of more than 30,000 agitators to fight his successor at every turn of their presidency. Until Obama did. And no president remained in Washington to cast a shadow over his successor. Until Obama.

Now consider Iran’s recent aggression towards Western interests in the Straits of Hormuz.

Here’s Secretary of State Mike Pompeo expressing his anger towards Kerry’s meddling with Iran in September of 2018:

In May of this year Trump told reporters at the White House that Kerry’s actions were “a violation of the Logan Act and frankly he should be prosecuted on that, but my people don’t want to do anything on that.”

Has the reluctance to prosecute Kerry emboldened him?

All of this raises the likelihood of a direct connection between former President Obama and former Secretary of State Kerry and the current spate of Iranian hostilities.

Keep in mind that Deep State overlords consider Donald Trump an existential threat. Most of us would like to know what he’s a threat to aside from preventing the further diminishment of America and the continued exfiltration of the wealth of America’s workers.

Still, Deep State approved Joe Biden was the most recent figure to invoke the “existential threat’ label on Trump

Biden, aka the dumbest man in Washington, is only where he’s at right now because he aligns with both the Never Trump neocons and the Obama/Kerry wing of the same globalist cabal, all of whom are united in wanting to remove Trump.

President Trump has been consistent about the folly of past Mid-East wars for more than three decades:
TRUMP-NEWSPAPER-AD-WHY-ARE-WE-DEFENDING-THE-GULF-OF-HORMUZ-1

Does the Obama/Kerry/Iran alignment view this as Trump’s Achilles heel? Forcing Trump’s hand towards war in the Middle East would likely be one strategy they’d employ to damage his chances of being re-elected in 2020.

Predictably, the media wants to investigate Trump for the fifth time.
MSM-HYPOCRISY-SILENT-ON-CLINTON-BIDEN-FOREIGN-MONEY

Join us at SPREELY if you want REAL NEWS without the leftist censorship!

Dean James at Right Wing Tribune

God Bless.

Please take a moment and consider sharing this article with your friends and family. Thank you, we appreciate it!
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Short-Term Pain, Long-Term Wonder Foreclosure.com Scholarship Program Winning Essay 2017, (Grand Prize)

You know, I just read the following article, and see that the “Millennials” are being brain washed. Goldman Sachs said back around 2008 “Only the rich should own houses, everyone else should be renting”. Sorry, I am still looking for the article wherein I quoted from. I will find it, I used that in a brief.

I knew that meant trouble. Even with foreclosure hell in the middle of its heyday, it still meant something. Not long after that, people being foreclosed upon, began being offered the chance to rent the house that they just lost.

Now, these third party entities popped up almost over night, and instead of the properties at foreclosure, reverting back to the lenders, these third parties now purchase at foreclosure auctions. Then they offer to rent you your house, or take you to magistrate court and have your thrown out, instead of the banks having to do that.

Funny thing, if you research most of these third parties, back far enough, the banks own them too, so still the same thing, just different names. Nevertheless, I could not help but post the article. It is obvious that “they” want us all in little apartments in and around the cities, easier to control “us”. I just had not realized that they were in the progress of brain-washing the Millennials into not even wanting to own a house.

Read the article:

Short-Term Pain, Long-Term Wonder
Foreclosure.com Scholarship Program Winning Essay 2017, (Grand Prize)
https://article.foreclosure.com/short-term-pain-long-term-wonder-82f82b90ff52
Go to the profile of Foreclosure.com Staff
Foreclosure.com Staff
Feb 28, 2018
By Jack Duffley | University of Illinois At Urbana-Champaign

foreclosure-kid
(photo from https://article.foreclosure.com/short-term-pain-long-term-wonder-82f82b90ff52)

In the gleeful times of 2005, my parents decided, like so many others, that it was time to “upgrade.” They sold our smaller home on the other side of town, which had appreciated nicely, and bought a 3700 square foot behemoth in a town with already exorbitant property taxes. My younger brother and I were thrilled to finally have a basement, our own rooms, and even a concrete basketball court in our backyard! All eight-year-old me knew was that things were going to be a whole lot more comfortable from there, and my optimistic parents seemed to think the same.

Jack Duffley | University of Illinois At Urbana-Champaign
The year is 2017, and my parents have only just now reached the equity levels in the house that they started with over a decade ago, nearly one-hundred-fifty mortgage payments later. However, after being bombarded by extremely high taxes for that entire time, they are essentially underwater on the property, but see little choice but to hang on for dear life until equity recovers just a bit more before they abandon ship. A thin retirement plan, mostly resting on the house, has forced their hand.

My parents’ story is in no way unique; millions of Americans who purchased homes before the 2008 recession have faced similar dilemmas, often worse than theirs. Many had no choice but to foreclose during the worst of it. After all, the homeownership rate has declined almost 5 points nationwide since the recession.[1] If anything, they can be considered lucky, yet they are still stuck in the mud. Their children, on the other hand, are now at their own fork in the road: to be [a homeowner] or not to be.

And, all things considered, they are often choosing not to be. The census shows a stark dip in homeownership among those under the age of 35 of almost 10 percent, lowering significantly from its peak pre-recessionary levels of 43 percent to a dismal 34 percent. At the same time, rental vacancy rates nationwide fell from over 10 percent to less than 7 percent as more people turned to renting, millennials especially.[2] Why is this happening?

Aside from the obvious fear of the failure that their parents faced, millennials are renting more as they define their own unique lifestyle. Millennials, in ever increasing numbers, are focusing on “living now.” They are choosing to move into urban areas in particular. As a predominantly liberal group, and with large cities tending to lean left, this is partially due to political forces. The majority, however, is due to lifestyle conveniences that come with a city: multiple options for transportation and not needing to own a car, proximity to cultural events and nightlife, and, especially with the decline of the suburbs as retail simultaneously sinks, a more positive future economic outlook. They more readily take the loss in living space for these benefits than their previous generations did.

At the same time, a growing number of millennials are facing burdensome student loan debt. Rather than come out of college with pristine back-end ratios primed for a hefty mortgage, they are handcuffed by the debt that they have amassed in their early twenties. As the Pew Research Center has noted, 37 percent of people under the age of thirty have student loan debt. They contribute to the $1.3 trillion in student debt, leverage that could presumably be used for a mortgage or some other useful credit if it were not locked up already.[3] Millennials are trying to increase their earning power by going to school so that they have the opportunity to advance economically, but it is simultaneously holding many of them back via years of extra debt — debt that is notably not going to a physical asset.

What does this mean for real estate? For the single family home market, it spells disaster, at least in the short term. Grant Cardone, one of the premier real estate investors in the world, calls homeownership a “scam,” and emphasizes that renting over homeownership among young people is becoming more and more popular. He notes that there is a huge need for affordable rentals as millennials deviate away from single family homes. Cardone is always one to advocate renting as a more advantageous and flexible lifestyle choice, and, as it has been mentioned, millennials increasingly value the flexibility that comes with renting instead of buying a home. Many, like Cardone, now see homeownership as a solely negative ordeal.

While it may not be up to the level of a “scam,” there are significant drawbacks with owning a home. For one, it locks up a significant amount of capital, money that could be used for a number of different projects or investments. In sum, homeownership is very expensive, at least in the short term when people make their initial down payment and any potential renovations. This makes it very hard to own a home for people of all ages. Additionally, owning a home can financially lock someone to a particular location, one which they might not want to be in after a while. Finally, for those hoping for appreciation when they purchase their home, as with any investment, there is a chance that it does not pan out. A poorly timed crash can wipe out an owner’s equity in seconds just as it did to my parents and so many others.

While there are drawbacks, the Great Recession and its subsequent lifestyle shift suggest the lack of education about the benefits of owning real estate. Even my parents are constantly warning me of the dangers of homeownership; the shift is not totally driven by millennials themselves. They too are still shaken by their mistakes and the sledgehammer that was the crash. They ignore the value of building equity over the long term, the typical tax benefits that come with a primary residence, and the relative stability of the real estate market because they mistakenly overpaid for a house that, in hindsight, they cannot comfortably afford in a downturn. They just hope that I do not do the same, and rightfully so. However, what millennials should have learned from the recession is not that real estate is bad, but that they simply must be careful and reasonable with what they assume when purchasing it.
3310-Harrison-Rd-east-point
Unfortunately, the average consumer purchases on emotion. With the tremendous amounts of emotional trauma from the recession, millennials are increasingly refusing to buy a home as their parents might have desired at the same age. But what are they purchasing in its place? Many take on higher rents, consistent with the “living now” mentality. Many more use their money to buy a wealth of products online. Some are even speculating on cryptocurrency, something far more unknown than real estate, expecting to make a lot of money. Why do they do that? Because the average consumer purchases on emotion, not on something systematic. Real estate has already been proven to be a relatively safe and a potentially very powerful asset. Instead, the negatives have been, and continue to be, emphasized. This masks the positives of owning a home, or even a simple condo. Millennials in some cases are mistakenly ignoring all real estate and not just the kind of overleveraging or speculating that got their parents into trouble.

Does this spell the end to America? Will the country burst into flames as millennials move to urban areas? Of course not. It must be noted that the current trend does not own the future; millennials could very well begin to purchase homes in huge numbers, especially as prices drop over the next few years. While it is likely that this will not be the case, it is impossible for anyone but millennials themselves to determine that.

What is certain is that, in the short run, there will be pain. The single family housing market is going to suffer as millennials make lifestyle choices contrary to their parents. The market will be oversupplied with single family homes. However, millennials will still need a place to live, just like anyone else. Their increasing demand for urban locations and conveniences will push rent up in cities, as it already has in places like San Francisco and Seattle. This will open a new, and huge, opportunity for real estate investors and developers alike to profit in the cities as millennials develop their own American Dream. After all, a dream is only what a person makes of it, not what someone else defines it as.

References:
[1] U.S. Census Bureau, Annual Homeownership Rates for the United States and Regions: 1968–2016, (accessed Dec 10, 2010), https://www.census.gov/housing/hvs/data/charts/fig05.pdf

[2] U.S. Census Bureau, Annual Rental Vacancy Rates for the United States and Regions: 1968–2016, (accessed Dec 10, 2010), https://www.census.gov/housing/hvs/data/charts/fig03.pdf

[3] Anthony Cilluffo, “5 facts about U.S. student loans,” Pew Research Center, last modified August 24, 2017. http://www.pewresearch.org/fact-tank/2017/08/24/5-facts-about-student-loans/

The winning essay above was submitted to Foreclosure.com’s scholarship program.

The 2017 essay topic:
IS THE “AMERICAN DREAM” OF ONE DAY OWNING A HOME ALIVE AND WELL AMONG MILLENNIALS?
Millennials having experienced the “Great Recession,” which was the traumatic housing crisis that triggered the financial crisis a decade ago. As a result, data suggests that Millennials (those born between 1981 to 1997) have been slow to adopt homeownership. Discuss the pros and cons of homeownership for Millennials, as well as which factors could increase or decrease homeownership among the generation. Will their collective hesitation and apprehension hurt them in the long run or are Millennials simply in the process of re-defining the “American Dream?”

2nd Circuit Upholds Insider Trading Conviction of Ex-Goldman Sachs Director The panel’s decision represented the latest retreat from the appellate court’s holding in 2014’s “U.S. v. Newman,” which narrowed prosecutors’ ability to prove insider trading.

Gupta-m1114755-web2
Rajat Gupta, right, with his attorney Gary Naftalis, following his sentencing in 2012. Photo: Louis Lanzano/ Bloomberg
https://www.law.com/newyorklawjournal/2019/01/07/2nd-circuit-upholds-insider-trading-conviction-of-ex-goldman-sachs-director/
By Colby Hamilton | January 07, 2019 at 04:12 PM

For the second time in as many months the U.S. Court of Appeals for the Second Circuit has declined to reverse an insider trading secured by federal prosecutors before the circuit court’s ruling in United States v. Newman and the sequence of decisions it spawned.

On Monday, the panel, composed of Circuit Judges Amalya Kearse, Richard Wesley and Christopher Droney, denied former Goldman Sachs director Rajat Gupta’s second attempt to have his insider trading conviction overturned. The Second Circuit had previously in 2014 denied Gupta’s argument that the trial court erred in admitting some evidence, while excluding other evidence offered by the defense ahead of his 2012 conviction. He ultimately served 19 months in prison, and was released in 2016.

The current appeal came after U.S. District Judge Jed Rakoff of the Southern District of New York denied Gupta’s motion to vacate his conviction in the wake of the Second Circuit’s 2014 decision in Newman, which substantially narrowed the “personal benefit” requirements of an insider trading relationship. Gupta argued before Rakoff that the jury instructions in his case were legally invalid under Newman.

On appeal, the panel reviewed Gupta’s challenge based on a cause-and-prejudice standard. It agreed with Rakoff’s argument that nothing stopped Gupta from arguing that the jury instructions were faulty on direct appeal from his conviction, since they were made during trial.

The panel observed that its November 2018 decision in Whitman v. United States tracks closely with the dynamics of Gupta’s case, as jury instructions were objected to at trial but weren’t pursued on appeal. Other insider trading cases pursued the line on appeal before Newman, the panel noted, making the claims in Whitman—and therefore Gupta’s case—insufficient to show cause.

Defendants in other insider trading prosecutions were contending that juries should be given narrower definitions of the personal benefit needed to find culpable insider trading,” the panel wrote. “We conclude that [Gupta] presents no viable claim that the personal benefit challenge was unavailable to his counsel on appeal.”

While the panel, having found Gupta failing the cause standard, could arguably have ended its findings there, it proceeded to address the issue of prejudice, and, in doing so, waded directly back in to the circuit’s muddied law on insider trading.

The panel first found that Gupta failed to show the personal benefit instructions were so flawed as to deny him due process, noting that the actual language provided to the jury in question spoke of “maintaining a good relationship with a frequent business partner.”

That last clause proved critical for the panel, who argued it squared with requirements under precedent, but not the Second Circuit’s most recent double take in United States v. Martoma, which is mentioned briefly later. Instead, the panel opted to return to the insider trading Ur-precedent from the Supreme Court’s 1983 decision in Dirks v. SEC.

The Dirks court set out a “varying sets of circumstances…which would warrant a finding of the tipper’s illegal purpose,” the panel noted. Despite the fact the specific language required by Newman for a tangible or pecuniary benefit was not present in Gupta’s jury instructions, the language was satisfactory under Dirks’ seemingly broader “circumstances.”

In fact, the panel’s acknowledgment that Dirks highlighting the ability for a quid pro quo relationship despite “the lack of need for proof of the tipper’s financial or tangible gain” appeared to potentially undercut a portion of the court’s holding in Newman, continuing the erosion that began with the Supreme Court’s findings in Salman v. United States and continued through the two versions of the Second Circuit’s Martoma decision.

The fact that Newman‘s requirement for proof of a tipper’s pecuniary or other tangible gain has been rejected by the Supreme Court disposes of Gupta’s contention that Newman meant the trial court’s instruction that proof of pecuniary or tangible benefit was not necessary caused him to be convicted of a crime for ‘conduct that is not criminal,’” the panel said, quoting from Gupta’s brief on appeal.

A spokesman for the U.S. Attorney’s Office for the Southern District of New York, which secured Gupta’s original conviction and handled the appeal, declined to comment.

Kramer Levin Naftalis & Frankel name attorney Gary Naftalis handled Gupta’s appeal. He did not respond to a request for comment.

Related:

Forbidden Knowledge – This is Great, Must See Video!

GROPEFEST from
https://forbiddenknowledgetv.net/remy-the-longest-time-tsa-version/

The Whole Country is Running Amok!


You know that just thinking bad things about Obama landed people in jail, and I don’t know anyone who liked or voted for him. In fact, he should be in jail for numerous items he did.


Trump on the other hand I voted for and like, and know many, that if they did not like him in the beginning, saw he was not full of shit, and came his way.

Yet, people are always threatening, and in fact, trying to kill Trump, and even saying it publicly does not cause them to land in jail.

Personally, the likes of Madonna saying that she had been thinking “a lot lately about blowing up the white house”, the bitch should have been locked up.

Maxine Waters and Nancy Pelosi should be there with the bitch, and Clinton should have been there back before the elections.

Since when, do people trying to get people to murder anyone not go to jail?  Dumb question, how many are on the Clinton’s list of dead bodies?


Especially when it is the US President they are trying to get murdered?

Same thing with riots? 

Since when does attempting to incite riots not an arrest-able offense?

The whole country is running amok with would be communists, at one time people like that were taken care of one way or another.

Yet, today, we have fewer rights than we have ever had.

We have a news media that all of them should be fired and put on public display handcuffed and shackled. Can’t believe a word out of their mouths.

We have alternative news sites being yanked off the internet, and social media idiots going from one side to other, scared they are going to lose their riches.

Then there are these ANTIFA screwballs.

They hide who they are, go out and commit crimes, and the cops stand there with their sticks in their hands jerking off.

Hell, I remember the riots of the 60s when the cops came, they told you to leave.

If the kids did not leave they would go to clubbing the whole lot of them.
Sometimes, they were shot at. They did not care race or gender, they would bat you down.

Then there are these idiots that are trying to tell kids that there are many different genders, and if they want to be a different sex, that is ok.

If they want to be an animal that’s ok too. They are teaching kids about sex in school, and that transgender men can go to the same bathroom as our little girls.

WTF is wrong with this picture?

And since when do our kids not belong to us, and they do belong to the whole community? I guess that was about the same time, that the vaccines started giving the kids autism.

Is the whole community stepping in to help pay for these kids riddled with autism? Hell no.


The courts will rule against all known law, and in fact make up some laws as they go along.

Foreclosure hell awakened judges making laws. Seen it in a bunch of different states.

And just try going into the court as pro se. What a fucking joke.

No matter how well versed a person is in the law. No matter how well a person follows the rules to a “t”, no matter if the persona has a cut and dry case in their favor, if they don’t have an attorney, they might as well go jerk off in the bushes, because that is about how much it is going to matter.


And that’s not even mentioning the child sex rings stealing, selling, and killing children in this country.

I am so sick of the shit that I could go on, and on, and on…

I guess all I can say is damn, the whole country is running amok.