The standard for RECUSAL is if their actions of “impartiality might reasonably be questioned.” There is not a single case against Trump where it cannot be “reasonably” questioned as to what is going on. These people are so corrupt, they will NEVER recuse themselves and this is how nations collapse. Once the Rule of Law no longer functions, then the very basis of any civilization no longer makes sense.
These people think they can change the morals and culture of the United States, and we will simply surrender all our rights and integrity. That assumption has preexisted in virtually every government before it collapsed. These people have no idea what they are tearing apart. What do they think they will rule over? Ashes of what once was? We have been invaded and nobody seems to be willing.
The leftists in Ireland had previously been having a lot of success pushing “progressive” wokeism and curtailing the ability of citizens to criticize cultural marxism.
Whether the issue was forced multiculturalism through immigration or making it unlawful to speak against the globalist agenda, the government of Ireland had been in strong control of the social narratives. However, as the globalists became increasingly confident, the country became increasingly alarmed.
That’s the context for a referendum that would have redefined what it meant in Ireland to be a woman or family. The voters rejected the attempted constitutional change.
Irish Prime Minister Taoiseach Leo Varadkar (pictured left) said it was clear the two referendums were “defeated comprehensively.”
DUBLIN — Ireland’s effort to remove old-fashioned family values from its constitution suffered a double defeat Saturday as voters rejected the amendments on offer as maddeningly vague and threatening to property rights.
The leaders of Ireland’s three-party government conceded defeat as early returns from Friday’s referendums confirmed that an overwhelming majority of voters had said “no” to its proposed replacements for constitutional clauses on marriage and family care.
In final results announced Saturday night, the amendment to change the constitutional definition of family was rejected by 67.7 percent of voters. The proposed changes on family care took an even harsher drubbing, with 73.9 percent against — the greatest defeat of an amendment in Irish constitutional history. (read more)
QUESTION: Hello Martin, been reading your passages for a few months now. I had a question for you.
What currency do you think BRICS will use to settle trades in the future and if that he bitcoin could be a viable option? Since you don’t see the USD being the world currency by 2035.
Thanks for the wisdom.
ANSWER: The only benefit of Bitcoin is that it is neutral. But it is insufficient for world commerce because it cannot be used for lending or credit, or you end up in the same situation where it is just leveraged – the very complaints about fractional banking. You deposit $100 in a bank, and they lend out $92, and then two accounts show the same cash. The money supply can be multiplied many times through credit. The nonsense that Bitcoin would replace the dollar as the reserve currency only shows that those people do not understand the world financial system. To accomplish that, you will destroy everything – mortgages can no longer be made, and the entire world is plunged into a truly monumental depression, sending us back to the Dark Ages.
The primary argument against the dollar is that the Neocons have turned it into a political weapon by sanctioning Russia and removing it from SWIFT. That woke up many countries, who then realized that the dollar had become a weapon and no longer an impartial currency in world commerce.
The de-dollarization is NOT economic-based but POLITICAL. Wake up! This is not the standard fiat money nonsense. This is about political power to force countries to do the bidding of American Neocons or else!
The more practical neutral element would be gold. But there cannot be a “GOLD STANDARD” whereby you fix the price. With time, such a system will collapse, as did Bretton Woods. A monetary system MUST float, as does the economy and everything else. During a depression or recession, people sell assets and run to cash. In inflationary booms, you buy assets and get rid of the cash. LOOK – I am NOT an academic! I advise on trillions of dollars and have watched how capital responds for about 50 years. It is always self-interest – not theories of equality.
400 oz Central Bank Gold Reserves
I have been called in by central banks worldwide BECAUSE we have been the largest institutional adviser since we have focused on capital flows and currency markets. I can tell you that central banks are NOT buying gold because they think it will go up. That has absolutely NOTHING to do with such decisions. They are buying gold because it is NEUTRAL, and you can no longer trust the dollar, British pound, or the Euro, no less the Yen, etc. All Western currencies are now subject to political intervention as we enter the mere risk of war and Neocon intervention.
The only way to create a neutral, NON-POLITICAL world currency would be one where international transactions are carried out in gold – BUT on a FLOATING RATE – not fixed. During the 14th century, even Florence had a two-tier system where gold was used for international transactions and silver for domestic transactions. The more practical monetary system would be for each country to maintain its own currency for domestic use, and the international settlements would be in NON-POLITICAL gold.
This is the problem with the Euro. They eliminated the currencies to end the fluctuations between the member states. Still, the refusal to consolidate the debts meant that the volatility that once existed in the currencies was merely shifted to the bond market where each member’s debt trades according to their credit rating, as is the case among the 50 states in the USA.
Liberal California lawmakers are proposing new legislation that would grant illegal migrants zero-down, zero payment home loans. Assemblyman Joaquin Arambula, D-Fresno, who penned the bill, states, “The social and economic benefits of homeownership should be available to everyone.” This completely insolent maneuver is a slap in the face to all taxpaying citizens who can barely afford homes of their own.
The program would expand the California Dream for All Shared Appreciation Loans that began in 2023 with a $300 million budget intended to house 2,300 applicants. This fund failed in 11 days as the people who pass these laws have absolutely no concept of basic finance. This time around, they’re ensuring that only people who do not work full-time will be qualified as the new qualifications are that someone must earn under 120% of the median county income, and be the first GENERATION in their family to own a home on US soil.
The changes to the failed legislation is as follows:
AB 1840, as amended, Arambula. California Dream for All Program: first-time homebuyers. eligibility.
Existing law establishes the California Housing Finance Agency in the Department of Housing and Community Development, and authorizes the agency to, among other things, make loans to finance affordable housing, including residential structures, housing developments, multifamily rental housing, special needs housing, and other forms of housing, as specified. Existing law establishes the California Dream for All Program to provide shared appreciation loans to qualified first-time homebuyers, as specified. Existing law establishes the California Dream for All Fund, which is continuously appropriated for expenditure pursuant to the program and defraying the administrative costs for the agency. Existing law defines “first-time homebuyer” for these purposes. Existing law authorizes moneys deposited into the fund to include, among other moneys, appropriations from the Legislature from the General Fund or other state fund.
This bill would specify that the definition of “first-time homebuyer” includes, but is not limited to, undocumented persons. an applicant under the program shall not be disqualified solely based on the applicant’s immigration status. By expanding the persons eligible to receive moneys from a continuously appropriated fund, this bill would make an appropriation. The bill would recast the fund so that appropriations from the Legislature from the General Fund or other state fund are deposited into the California Dream for All Subaccount, which the bill would create and make available upon appropriation by the Legislature for specified purposes.
In fact, this is not a “loan,” but another taxpayer-subsidized program, as qualified applicants will receive the funds to put 20% down on a home without making a payment on the loan or to the CHFA. The funds will only need to be repaid if the borrower sells or refinances the home, but the property may be held for an indefinite amount of time.
California has the largest homeless population in the nation who are discarded members of society, even the veterans who served our nation. The average price of a home in California is about $750,709 based on Zillow’s estimates, marking a 4.4% YoY increase, which makes a typical 20% downpayment around $150,141.80. Due to high prices, California boasts the second largest renter-occupied market in the nation behind New York, with 49.7% of the population opting to rent largely out of necessity.
This should receive bipartisan backlash and open the eyes of even the most liberal citizens. The government is using the resources it collects from you via taxation to push a political agenda through the use of illegal unvetted migrants who are toppling state budgets and destroying America from within.
There really isn’t much you can say about what was witnessed last night in the People’s House. Joe Biden shouting at America for an hour while muttering something about snickers bars, snack food and the need to send billions of dollars to Ukraine was essentially the gist.
Following one of the most incoherent teleprompter reads in the history of presidential politics, one can only imagine how Xi Jinping and Vladimir Putin were briefed on what took place in Washington DC at 9:00pm. Suffice to say, no sleep was lost amid the global community of leaders who smile as the USA influence collapses.
What was even more goofy, was the pretending amid the corporate media that Joe Biden said stuff that was discernable and/or potentially fitting the office of the executive. The various news agencies each described the color of the emperor’s new coat as if it actually existed. The pretending was/is simply off the charts bizarre, and normal Americans tuned out and went on about doing things normal Americans do.
That said, Tucker Carlson watched the naked emperor and livestreamed his thoughts on the insanity of the event, he then gives a reaction. WATCH:
.
It’s hard to live in a country where ‘pretending’ is the new normal in politics and media.
They did it again. Joe Biden shouts gibberish for over an hour, muttering and shouting incoherent words during the State of the Union. All that was needed in rebuttal was normalcy. But no, Mitch McConnell and Mike Johnson had to deliver a “dramatic acting” rebuttal that was even more cringeworthy than Biden’s shouting.
Remember when Casey DeSantis was campaigning in the Melania heels, duck dynasty capris and grizzly mom T-shirt? This is the SOU rebuttal equivalent. It’s horrible. WATCH:
I’m so done with the professionally Republican apparatus.
This is super cringe. The GOPe do this crap on purpose.
Many people have written in asking if you can avoid World War III. In my experience with this model, the turning points are fixed in time. We cannot alter the cycle any more than someone can manipulate any market, altering it from boom to bust.
You cannot alter the cycle, but I believe that, from my observations, it may be possible to manipulate the amplitude. This would have been my concern if it had fallen into the wrong hands. I have grandkids. I would not want to leave behind another economic weapon Neocons can use to screw up the world even more. Perhaps you can make an event much worse. However, improving the situation and reducing the amplitude might also be possible.
COMMENT: Hello; I just wanted to comment that the arrays on Sweden have predicted the two-year wait for NATO, and it got it down to the month. I just wanted to say that all we have had here is doom and gloom, and Russia will attack any day now. The press claimed Sweden is neutral. I do not think they know our war history with Russia for several hundred years.
Thank you for Socrates. It always gets the time right.
PHM
ANSWER: I think you are correct. For those who do not know the history of Sweden, they used to be a major power. There have been 15 wars with Russia since 1475 – about one on average every 30 years or so. The Yearly Array was a major turning point and a Double Directional Change. That indeed marked this war-mongering for the past two years. Sweden has NOT been neutral. They have been supplying weapons to Ukraine to further advance the war against Russia. Neutrality means you stay out, and they have both feet in.
Yes, the war-mongering has been on schedule. You have your version of Neocons as well who also just want war at all costs.
March was the target, and we had a Directional Change in April. May is the next turning point, but we have a Panic Cycle in September, which is showing up internationally in many markets and virtually most countries. This was a dark day for Sweden. Your war-mongers cannot wait to start a war, and it looks like they may get it before the US elections.
We have such fools in all governments. They are being told to start a war and are too stupid to comprehend that there are those who want to eliminate 50% of the population to save the planet.
Those who follow this blog already knew that the Federal Reserve would not drop rates in the future due to unsustainable fiscal policies paired with America’s increasing involvement in foreign wars. All of the talking heads were preaching that rates would significantly decline to pandemic levels, as if that were the historical norm. Every fiscal policy in recent years has exacerbated inflation and the Fed cannot keep up with government spending. QE FAILED. The artificially low interest rates of the recent past were completely unsustainable and relied on outdated theories.
The outdated understanding based on Keynesian Economics remains to increase the supply of money and it MUST be inflationary. The Fed raises rates to reduce consumption and lower rates to stimulate consumption. It’s a very nice theory, but when actually tested, it utterly fails. Lower rates will NEVER cause people to invest UNTIL they believe that there is an opportunity to invest. We are watching the big players withdraw from equities, let alone government debt. We are in a private wave where money is running off the grid at a rapid pace.
The peak in interest rates took place in 1899 at virtually 200%. Yet, 1929 was the real bubble top and it peaked with 20% interest rates in call money on the NYSE. In theory, the biggest boom should have been met with the highest interest rate. In truth, the “real interest rate” as I have defined it is when the interest rates exceed expectations. If you think the stock market will double, you will pay 25% interest.
As you can see, while interest rates hit nearly 200% in 1899, the share market did NOT crash percentage-wise anything as it did following 1929. Look, there is a lot more to this than meets the eye. Everything must be addressed on a global scale for it all depends also on the direction of capital flows. There is just a lot more to this than simply the money supply and interest rates.
Now, Powell continues to explain to the public that VOLATILITY and economic conditions are beyond the control of the Fed. “We believe that our policy rate is likely at its peak for this tightening cycle,” Powell said. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year. But the economic outlook is uncertain, and ongoing progress toward our 2% inflation objective is not assured.”
All the news of inflation waning, including recent data, is inaccurate propaganda intended to calm recessionary fears. Even by the government’s data, inflation is up 3.1% compared to last year. It was an unprecedented moment when Powell broke with Washington and criticized the government for their unsustainable spending. The Fed NEVER criticizes the government, despite the two being separate.
Hence, I say to stop blaming the Fed. They are not the ones creating all the money but are working to match monetary policy with unsustainable fiscal policies. We are looking at trillions in deficits per year. There is no restraint when creating new massive spending packages. Then people blame the central bank with no concept that it’s only a fraction of “money;” the real issue is CONGRESS.
Listen, interest rates cannot decline in the face of war. The 2020 yearly array showed a turning point for a high in 2022 and a possible correction into 2024. I explain this in more detail on the Socrates private blog but buckle up for the year ahead.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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