We know what’s coming and we are prepared.
🇨🇭🏦 Is this the beginning of a repeat of Lehman Bros 2008?
UBS just halted withdrawals of a $469 million real estate fund and told investors they can't have their money back for up to 3 years.
Why does this matter? Back in June of 2007, Bear Stearns did the same thing at two of their hedge funds. One year later, Lehman Brothers collapsed and the global financial crisis happened.
UBS looked at their real estate portfolio, realized the buildings are not worth what they paid for them and they cannot sell them without admitting HUGE losses.
Commercial real estate office vacancies are at record highs. Buildings are worth a fraction of what they were. Everyone has been trying to avoid marking their portfolios down to actual current value. But they cannot ignore it any longer.
🔗 FX Hedge
New fencing now being deployed in Australia. Wonder why people now need that?
BOMBSHELL: Census Bureau cross-referenced 128M voter records against citizenship data — over 24,000 noncitizens voted illegally in 2020. Trump: "The Census Bureau is going to analyze the next 32,000,000 Voters, and this number will explode." Pass the SAVE AMERICA ACT.
🔥🔥Hood County (Texas) Constable John D. Shirley unplugged and covered all of the county’s Flock Safety automated license plate reader cameras over the weekend.
An excerpt from his statement:
“Today is a good day for the Freedom of the people of Hood County.
I’ve finished the job of shutting down the county’s Flock cameras. They’ve been completely unplugged and covered. These cameras were constantly scanning and recording regular folks just going about their day. That kind of permanent, warrantless tracking doesn’t belong in a free society. By unplugging and covering them, we’re making it clear: privacy isn’t optional, and mass surveillance isn’t how we do things here.
…
To Flock Safety Systems: come get your garbage out of my county.”
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