San Francisco

Some Clinton Supporters Protest, Riot After Election

In yesterday’s “Signs Of The Time” post, I noted that the Oath Keepers had recently conducted a webinar addressing how to prepare for the possibility of post-election civil strife and violence.

Apparently, a limited amount of social unrest kicked off on America’s “Left Coast” and elsewhere in the country early this morning after the conclusion of the U.S. presidential election.

Gemma Mullin reported on The Mirror (UK) website today:

Crowds of angry protesters have taken to streets across the United States chanting “Not Our President” while setting fires and smashing windows.

Hundreds of people descended on California minutes after it was announced that Donald Trump had won the election.

Hillary Clinton supporters were filmed setting fire to the US flag while marching through the streets of Portland, Oregon, shouting “F*** Donald Trump”.

Footage also emerged of activists setting tyres and rubbish bins on fire, blocking main roads and lighting flares.

People also burned an effigy of the President-elect, who will be officially sworn into office in January.

Meanwhile, a young student has reportedly been hit by an SUV and severely injured during a march in Berkeley, with one witness claiming the crash was intentional, according to NBC Bay Area…

Other protests have broken out in the San Diego, San Fransisco and San Jose areas, according to reports… A demonstration also unfolded at the University of California, Davis…

(Editor’s note: Bold added for emphasis)

Thomas Fuller added over on The New York Times website this afternoon:

From Pennsylvania to California, Oregon and Washington State, hundreds of people hit the streets, according to reports by local news media and The Associated Press…

(Editor’s note: Bold added for emphasis)

After watching TV and surfing the Internet/social media sites earlier today, it’s clear to me that a number of Hillary Clinton supporters (and “Never Trumpers”) are absolutely livid about Donald Trump’s Oval Office victory.

As such, additional- and more intense- acts of civil disobedience/unrest are certainly possible tonight and in the coming days.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Mullin, Gemma. “Trump win sparks riots across US as crowds burn American flag and chant ‘Not our president.'” The Mirror. 9 Nov. 2016. (http://www.mirror.co.uk/news/world-news/trump-win-sparks-riots-across-9225317). 9 Nov. 2016.

Fuller, Thomas. “Anti-Trump Demonstrators Take to the Streets in Several U.S. Cities.” The New York Times. 9 Nov. 2016. (http://www.nytimes.com/2016/11/10/us/trump-election-protest-berkeley-oakland.html). 9 Nov. 2016.

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Wednesday, November 9th, 2016 Civil Strife, Crime, Government, Political Parties, Public Safety Comments Off on Some Clinton Supporters Protest, Riot After Election

Signs Of The Time, Part 88

The Financial Times (UK) website reported yesterday that Z/Yen, billed as “the City of London’s leading commercial think-tank,” just published its eighteenth Global Financial Centres Index. GFCI 18, as it’s otherwise known, rated 84 of the world’s financial centers. From a Z/Yen press release Wednesday:

London has moved ahead of New York to reclaim the number one position. London climbed 12 points in the ratings to lead New York by eight points…

London, New York, Hong Kong, and Singapore remain remain the four leading global financial centres. New York, in second place is now 33 points ahead of Hong Kong in third. Tokyo, in fifth place, is 25 points behind the leaders…

Toronto (8th), San Francisco (9th), and Washington, D.C. (10th) were other North American cities in the “top ten” of this year’s Index.

You can read the entire Z/Yen press release on their website here (.pdf format).


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Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, September 24th, 2015 Asia, Europe, North America, Signs Of The Time Comments Off on Signs Of The Time, Part 88

Signs Of The Time, Part 86

Back in 2007 when I was running Boom2Bust.com, “The Most Hated Blog On Wall Street,” I came across an article which illustrated just how ridiculous the housing bubble had gotten. Several California homeowners were asked about future price appreciation for their homes. Most, if not all, had wildly optimistic expectations about how much their properties would be “worth” down the road.

Fast forward to July 24, 2015, and Robert Shiller, the Yale professor who correctly-called the “dot-com” and housing busts, wrote the following in a New York Times piece entitled “The Housing Market Still Isn’t Rational”:

Extravagant expectations do lurk in parts of the market. In the 2015 Yale School of Management survey of recent home buyers that Karl Case of Wellesley College, Anne Thompson of Dodge Data and Analytics and I direct, our preliminary results confirmed the overall Pulsenomics conclusion yet found that some people have strikingly unrealistic expectations.

In San Francisco, for example, we found that while the median expectation for annual home price increases over the next 10 years was only 5 percent, a quarter of the respondents said they thought prices would increase each year by 10 percent or more. That would mean a net 150 percent increase in a decade. These people are apparently not thinking about the supply response that so big a price increase would generate. People like this could bid prices in some places so high that eventually the local market will collapse…

(Editor’s note: Bold added for emphasis)


“The Nastiest Wife on Television”
Uploaded April 11, 2006.
And we all know what happened to housing right after that…
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Irrational exuberance is alive and well, it seems. You can read Dr. Shiller’s entire article on the Times site here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, July 28th, 2015 Crash Prophets, Housing, Signs Of The Time Comments Off on Signs Of The Time, Part 86

Yosemite Wildfire Raining Ash Down On San Francisco’s Chief Source Of Drinking Water

From time to time, I find myself being asked if I’m a “prepper.”

My response has been, “No- but I do glean stuff from them.”

And one thing I’ve taken away from preparedness is the importance of one’s own emergency water supply (the recent focus of my “Project Prepper” series of posts).

Right now on the West Coast, a number of San Franciscans might be realizing that too.

Tracie Cone and Brian Skoloff wrote on the ABC News website a short time ago:

A raging wildfire in Yosemite National Park rained ash on the reservoir that is the chief source of San Francisco’s famously pure drinking water, and utility officials Monday scrambled to send more water toward the metropolitan area before it becomes tainted.

Nearly 3,700 firefighters battled the approximately 230-square-mile blaze, the biggest wildfire on record in California’s Sierra Nevada. They reported modest progress, saying the fire was 15 percent contained.

Utility officials monitored the clarity of the Hetch Hetchy Reservoir and used a massive new $4.6 billion gravity-operated pipeline system to move water quickly to reservoirs closer to the big city. The Hetch Hetchy supplies water to 2.6 million people in the San Francisco Bay area, 150 miles away…

At the same time, utility officials gave assurances that they have a six-month supply of water in reservoirs near the Bay area.

It’s being reported that if wildfire ash causes turbidity (cloudiness from stirred-up sediment) in the Hetch Hetchy Reservoir water supply, that water will need to be filtered.

I wonder what kinds of contaminants that gunk would contain?

Regrettably, it’s not just San Francisco’s chief source of drinking water that’s threatened by the blaze, which has now scorched an area about the size of Chicago.

It’s the city’s primary source of electricity as well.

Ed Payne, Nick Valencia, and Gary Tuchman reported on the CNN website earlier today:

The fire also could threaten the area’s hydroelectric generators, which provide much of San Francisco’s electricity. Because of the approaching flames, officials shut down the generators, and the city — more than 120 miles to the west — temporarily is getting power from elsewhere.

Here’s hoping that part of California doesn’t find itself in any heat waves or other situation soon that would strain the power grid.

In the meantime, let this be a reminder to all of us- not just those in Frisco- that it’s probably a good idea to have an emergency water and power supply on hand when life throws yet another curveball.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Cone, Tracie and Skoloff, Brian. “Wildfire Closing in on SF Bay Area’s Water Source.” ABC News. 26 Aug. 2013. (http://abcnews.go.com/US/wireStory/crews-battle-huge-wildfire-raging-yosemite-area-20067125?singlePage=true). 26 Aug. 2013.

Payne, Ed, Valencia, Nick and Tuchman, Gary. “Yosemite wildfire burns area the size of Chicago, threatens homes.” CNN. 26 Aug. 2013. (http://www.cnn.com/2013/08/26/us/california-yosemite-wildfire). 26 Aug. 2013.

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Monday, August 26th, 2013 Emergencies, Energy, Infrastructure, Natural Disasters, Preparedness, Utilities, Water Comments Off on Yosemite Wildfire Raining Ash Down On San Francisco’s Chief Source Of Drinking Water

Redfin CEO Identifies Most- And Least-Vulnerable Metro Housing Markets To Experience Another Bubble

Last week in my Sunday paper, I spotted yet another great article by Chicago Tribune real estate reporter Mary Umberger. It was an interview with Glenn Kelman, chief executive officer of Redfin, a real estate brokerage doing business in 20 U.S. housing markets.

Apparently, Redfin recently ranked 15 major metropolitan areas it perceived as most- and least-vulnerable to experiencing another housing bubble. Kelman told Umberger:

We’ve looked at several factors: income to home-price ratios, ratios of sale price to listing price, the frequency of flips (resales within 18 months of purchase), incidences of bidding wars, and rates of going under contract within two weeks of listing.

From looking at those things, we think there are four markets that are in mini-bubble territory, at risk of price correction: Washington, Los Angeles, San Diego and San Francisco.

At the other end of the list, the least likely to see a correction is Atlanta, followed closely by Chicago, Las Vegas and Dallas.

A new housing bubble. Something I’m starting to hear more of these days.

Anyone remember “crash prophet” Peter Schiff’s warning from last September? I blogged on September 18, 2012:

In his September 14 entry on the The Schiff Report YouTube video blog, Schiff, who correctly-predicted the bursting of the U.S. housing bubble and 2008 global economic crisis, explained to viewers what QE3 was really about:

This is the plan that Ben Bernanke has. Ben Bernanke’s plan to revive the U.S. economy, and create jobs, is to inflate another housing bubble. That’s it. That’s what the Fed’s got. That’s what it came up with. As if the last housing bubble worked out so well for the economy, that the Fed wants an encore.

You can read Umberger’s entire exchange with Redfin’s Kelman on the Tribune website here. Interesting stuff.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

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Friday, May 3rd, 2013 Bubbles, Crash Prophets, Employment, Federal Reserve, Housing Comments Off on Redfin CEO Identifies Most- And Least-Vulnerable Metro Housing Markets To Experience Another Bubble

North Korea Capable Of Crippling U.S. With Super-EMP Weapon?

“A furious North Korea threatened Thursday to attack America with nuclear weapons as punishment for perceived Western aggression – saber-rattling that came as the United Nations readied more sanctions against the Kim Jung-un’s rogue regime.

An unnamed spokesman in Pyongyang’s Foreign Ministry office said North Korea will launch “a preemptive nuclear attack to destroy the strongholds of the aggressors,” The Associated Press reports.

The spokesman referred to Washington as being the aggressor in a nuclear attack on North Korea, AP states.”

The Washington Times, March 7, 2013

The last time I blogged about the Democratic People’s Republic of Korea’s nuclear warfare capabilities was on January 27. From that post:

The Democratic People’s Republic of Korea has been doing a lot of saber-rattling since I last blogged about the Communist state last month. At that time, I asked:

So what kind of timeframe are we talking about here before North Korea has an ICBM capable of reaching and hitting the continental U.S.?

Based on expert opinion, it could just be 4 short years.

And how does America know North Korea’s intentions are to target it with nuclear weapons? Ju-min Park and Choonsik Yoo reported on the Reuters’ website last Thursday:

North Korea said on Thursday it would carry out further rocket launches and a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its “sworn enemy”…

“We are not disguising the fact that the various satellites and long-range rockets that we will fire and the high-level nuclear test we will carry out are targeted at the United States,” North Korea’s National Defence Commission said, according to state news agency KCNA.

(Editor’s note: Italics added for emphasis)

Park and Yoo added:

North Korea is not believed to have the technology to deliver a nuclear warhead capable of hitting the continental United States, although its December launch showed it had the capacity to deliver a rocket that could travel 10,000 km (6,200 miles), potentially putting San Francisco in range, according to an intelligence assessment by South Korea.

Now, the above discussion focused on a nuclear attack against the United States with intercontinental ballistic missiles as they’re traditionally-intended to be used.

However, earlier this week I stumbled upon material which suggests North Korea may already have the capability to cripple America via unconventional nuclear warfare.

Enter Dr. Peter Vincent Pry, Executive Director of the Task Force on National and Homeland Security and Director of the U.S. Nuclear Strategy Forum, both congressional advisory boards. Dr. Pry, a former intelligence officer with the Central Intelligence Agency, wrote on the Family Security Matters website on February 26:

The West consistently and unwittingly cooperates with North Korea and Iran by underestimating the advancement, sophistication, and strategic implications of their nuclear weapon and missile programs.

Despite North Korea’s successful long-range missile test in December 2012, and now its third successful nuclear test on February 12, 2013, the Obama administration and the press keep reassuring the American people that North Korea is not yet a fully fledged nuclear weapons state – that a North Korean nuclear missile threat to the United States is still years in the future.

The facts do not support this judgment. North Korea is already a major nuclear threat to the United States–an existential threat.

(Editor’s note: Italics added for emphasis)

Dr. Pry went on to say:

North Korea now appears to be armed with a FOBS capability to make a surprise nuclear attack against the United States–or against any and all nations on Earth–with Super-EMP.

FOBS? Super-EMP? The author of Apocalypse Unknown: The Struggle To Protect America From An Electromagnetic Pulse Catastrophe explained:

A Super-EMP warhead is a nuclear weapon specially designed to produce an enormous burst of gamma rays that generates an extraordinarily powerful electromagnetic pulse, capable of destroying even the best protected electronics, thereby paralyzing military forces and blacking out power grids and collapsing critical infrastructures everywhere–across an entire nation the size of the United States…

During the Cold War, the USSR experimented with a secret weapon, the Fractional Orbital Bombardment System (FOBS), that used an ICBM like a Space Launch Vehicle to put a nuclear warhead into orbit, like a satellite. Instead of using the ICBM to lob the warhead on a more accurate arcing ballistic trajectory, flying along the shortest range to target, like an artillery shell, the FOBS lofted the warhead into a “fractional” or partial orbit, sacrificing accuracy for limitless range.

FOBS could reach any nation or threaten any target anywhere on Earth.

A Super-EMP warhead does not weigh much, and could probably be delivered by North Korea’s Fractional Orbital Bombardment System, successfully tested in December 2012, against any nation on Earth. Thus, North Korea already possesses an ICBM and poses a mortal nuclear threat to the United States, and to all nations on Earth–right now.

(Editor’s note: Italics added for emphasis)

Real disturbing stuff. Even more so now that the U.N. Security Council voted unanimously Thursday for tougher sanctions against North Korea.

You can read Dr. Pry’s warning about the North Korean Super-EMP threat in its entirety on the Family Security Matters website here.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

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Chicago Area Residents Moving Away

Last week, I spotted an article with an interesting headline on the Forbes website. It was “Where Americans Are Moving.” Considering the mainstream media has been trotting out stories of people moving back to the city recently, one might think that traditional urban centers like New York City, Los Angeles, and my hometown of Chicago might be big draws these days.

Nope.

Joel Kotkin wrote on November 27 about the results of a recent analysis of domestic migration for the nation’s 51 largest metropolitan statistical areas by demographer Wendell Cox. From the piece:

How about the biggest losers? From 2000-09, the metropolitan areas that suffered the biggest net domestic migration losses resemble something of an urbanist dream team: New York, which saw a net outflow of a whopping 1.9 million citizens, followed by the Los Angeles metro area (-1,337,522), Chicago, Detroit, and, despite recent improvements, San Francisco-Oakland. The raw numbers make it clear that California has lost its appeal for migrants from other parts of the U.S., and has become an exporter of people and talent (and income).

And despite the cheap money Bernanke-Geithner policies of the past few years that have benefited giant banks centered in the bluest big cities, people continue to leave these areas. The 2010-11 numbers show the deck chairs on the migratory titanic have stayed remarkably similar, with New York still ranking first among the 51 biggest metro areas for net migration losses, followed by Chicago, Los Angeles, Detroit and Philadelphia. In most of these cases only immigration from abroad, and children of immigrants, have prevented a wholesale demographic decline.

So where are Americans moving to these days? One state in particular is the big winner in this category. Let me give you a hint. Think of a yellow rose.

You can read the entire Forbes piece here on their website to see if the large metropolitan area near you is where Americans are calling home these days.

Or from where residents are moving away, like here in the Windy City.

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Thursday, December 6th, 2012 Banking, Housing, Immigration, Income, Main Street, Population Comments Off on Chicago Area Residents Moving Away

Wanted: Rich Immigrants

Is there anyone else out there besides me who thinks the United States should be rolling out the red carpet to wealthy residents of other countries whose compatriots are itching to tax the crap out of them?

Why raise taxes on rich Americans when you can grow the pool of millionaires and billionaires exponentially?

Just one brief look around the world today shows how ripe they are for the picking. From Robert Frank on the CNBC website last Friday:

As part of his budget announced today, French President Francois Hollande made good on a campaign promise to tax France’s top earners at 75 percent. It would apply to taxpayers with earnings of 1 million euros a year…

[Paris-based tax lawyer Vincent] Grandil said many of the French wealthy are making plans to leave the country. He said the tax was less of a concern than the long-term budget situation in France and the declining global competitiveness of the nation’s businesses.

He said many younger successful French are moving to the San Francisco area to be part of the tech boom. “It’s not just a tax question for them, they really seem to like it there.”

One might think the French Socialists might stop there. Oh no. Hugh Carnegy wrote in a Financial Times (UK) piece that appeared on the CNBC website earlier today:

Francois Hollande’s Socialist government is facing a new tax revolt — this time not from big business protesting against the president’s 75 percent income tax band but in the form of a viral online campaign by small French entrepreneurs furious about a jump in capital gains taxes.

Calling themselves “the Pigeons” — French slang loosely translated as “the fall guys”- a group of Internet entrepreneurs took to social networking sites to voice their opposition to the measure within hours of its announcement in last Friday’s 2013 budget.

The cause of their ire is the government’s plan to tax capital gains at the same rates as earned income. Jean-David Chamboredon, chief executive of ISAI, a venture capital fund, and leader of an investors’ lobby group called France Digitale, said the result in some cases would be a jump in the effective marginal tax rate to as high as 60 percent from 32 percent for investors and entrepreneurs selling out of a business.

Yoo hoo. Wealthy Frenchmen and Frenchwomen. A pair of new Birkenstocks and a case of Napa Valley wine awaits you on the other side of the pond.

And then there’s this by the Associated Press last Saturday (also on CNBC.com):

Thousands of people across Germany have protested for the introduction of taxes on wealth and financial transactions.

Organizers said Saturday around 40,000 people took to the streets in 40 cities to demand a more equal society.

France. Germany. Give us your tired, wealthy, fashionably-dressed masses yearning for lower taxes and hard-working Americans to staff their new businesses here in the U.S.


“France Gall – Ein bißchen Goethe, ein bißchen Bonaparte (Live 1969 HQ)”
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Sources:

Frank, Robert. “French Tax May Hit Only 5,000 Earners and Raise Little.” CNBC. 28 Sep. 2012. (http://www.cnbc.com/id/49213586). 3 Oct. 2012.

Carnegy, Hugh. “French ‘Pigeons’ in Flutter Over Tax Rise.” CNBC. 3 Oct. 2012. (http://www.cnbc.com/id/49267828). 3 Oct. 2012.

“Thousands in Germany Protest for Wealth Tax.” CNBC. 29 Sep. 2012. (http://www.cnbc.com/id/49223665). 3 Oct. 2012.

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Wednesday, October 3rd, 2012 Class Warfare, Europe, Immigration, Socialism, Taxes, Wealth Comments Off on Wanted: Rich Immigrants
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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