French President Emmanuel Macron was pulverized in the national election today. According to exit polling, Marine LePen’s National Rally party will win around 32% of the vote, while Macron’s Renaissance party will win around 15%.
A massive rebuke of the leftist government in France.
PARIS — French President Emmanuel Macron dissolved parliament and called a fresh election on Sunday, following his party’s crushing defeat at the hands of far-right candidates in the European Union election.
The first round of the French Parliamentary election will take place on June 30. The second will be on July 7.
“France needs a clear majority in serenity and harmony. To be French, at heart, is about choosing to write history, not being driven by it,” Macron said.
The far-right National Rally is projected to win the European election in France with 31.5 percent of the vote — more than twice the 15.2 percent Macron’s liberal Renaissance party is projected to win.
The National Rally’s share of the vote eclipsed the total for the second and third largest parties combined — with the center-left social democrats earning around 14 percent, according to early exit polls.
The decision to dissolve the National Assembly was met with disbelief by Macron’s supporters, with several people screaming “Oh no” as he spoke to a crowd in a televised address from his party headquarters in Paris. (read more)
Overall, in the EU elections this weekend the populist movement expanded seats and the leftist/green party’s lost seats.
(MSM) – […] Populist, far-right parties won record support in this year’s European Parliament elections, early exit polls and estimates indicated on Sunday.
The far-right Identity and Democracy group made major gains, while the right-wing European Conservatives and Reformists saw a slight uptick in votes, according to the first official projection released by the EU at 8:30 p.m. local time.
The center-right European People’s Party is once again projected to win the most parliamentary seats, with a marginally bigger lead than before. If it’s able to repeat alliances with other centrist groups then it would retain a majority in the Parliament despite a surge from the far right.
The liberal Renew Europe and the Greens/European Free Alliance, meanwhile, are both seen losing a significant number of seats.
Here is the early 2024 vote breakdown versus 2019:
European People’s Party (EPP) — 181 seats, up from 176
Progressive Alliance of Socialists & Democrats (S&D) — 135 seats, down from 139
Renew Europe (RE) — 82 seats, down from 102
European Conservatives and Reformists (ECR) — 71 seats, up from 69
Identity and Democracy (ID) — 62 seats, up from 49
Greens/European Free Alliance — 53 seats, down from 71
The Left — 34 seats, down from 37
Non-attached members (NI) — 51 seats, down from 61
The last time there was a populist revolt in the EU system, the summer of BREXIT, it preceded the successful election of President Donald Trump.
You will own nothing. Accessory Dwelling Units (ADUs) have grown in popularity in recent years. America has recently imported a concept stemming from across the pond in the UK to pacify housing fears. Build-to-rent (BTR) communities are becoming a common development as the majority of Americans struggle to either afford or find housing.
Around 23% of Americans own property. YouGov conducted a poll that found that 60% of Americans believe the old model whereby 30% of one’s income would equate to affordable housing. That is simply not possible for over a quarter of Americans who spend far more than 30% on their mortgages. Almost half (49%) of renters spend 30% or more on shelter, while 19% spend over half of their take-home pay to the landlord. According to the survey, 46% of homeowners are worried about making their monthly mortgage payments, compared to 69% of renters.
Build-to-rent communities usually mimic a typical suburbia rather than an apartment complex. Amenities and property management is often included, which is why this concept was once reserved for retirees and the aging population. This is a deal for investors who may purchase homes within the development communities. They are usually priced higher than typical rentals as the home is within a more desirable community with stable tenants and a lower turnover. As for the tenants, they are not gaining any equity and are forgoing a valuable asset.
Fixr reported that build-to-rent communities are set to grow within the next two years based on data from the NAHB but will remain somewhat stagnant in 2023 due to massive growth in recent years. Over 119,000 homes using this model were built in 2022, marking a 50% increase from 2018. In the last five years, Charlotte, NC, experienced a 621% uptick in built-to-rent communities, followed by Jacksonville, Florida (353%), Greenville, South Carolina (265%), while Phoenix, Arizona, experienced a 280% uptick.
The younger generation, who want to begin expanding their families but cannot afford to own them, is primarily attracted to these growing complexes that provide the feel of homeownership without the asset. Everyone needs a place to live. Families, especially with young children, do not tend to move around as often with school zoning and other aspects. Homeownership and the traditional American dream of the house with the white picket fence have been transformed.
Tucker Carlson traveled to El Salvador to interview President Nayib Bukele about his ongoing efforts to eliminate corruption, crime, criminal gang activity and get rid of MS-13 gangs.
President Bukele initially used nationalized military to target criminal gangs and remove them from the streets. The social change, the outcome within the country, was stunning and fast. What was once the most violent crime ridden country, literally the murder capital of the world, changed in a few months and peace returned. President Bukele easily won reelection and Tucker Carlson traveled to hear his story. WATCH:
Chapters of Video:
0:00:00 Intro
0:04:47 Bukele’s Formula to Save El Salvador
0:09:50 The Satanic Side of MS-13
0:16:28 Bukele’s 3-Point Economic Plan
0:28:41 Is Western Civilization Dying?
0:50:10 Will Donald Trump Get Elected?
0:56:09 Bukele’s Advice to Trump
1:00:03 Americans Moving to El Salvador
Inflation can be felt at every tax bracket. Federal Reserve Bank of Minneapolis President Neel Kashkari came out this week and said the public “viscerally hates high inflation,” and for good measure. Everyone is seeing the impacts of inflation on their quality of life. Those defined as rich, the demographic one side of the political spectrum believes must be taxed into oblivion, have not come out of this inflationary cycle unscathed, as indicated by a new report from the St. Louis Federal Reserve.
Credit card delinquencies (missing a payment by over 30 days) have been steadily rising across America. The poorest Americans experienced the hardship first, and now those in higher tax brackets are also falling behind on bills. Delinquencies have increased for the last eight to 11 quarters, as indicated by the Fed. Among the poorest zip codes in the US, delinquency rose from 11% in Q2 of 2021 to 17.4% in Q1 of 2024 or 58%. Every region in America has experienced an increase in delinquencies by AT LEAST 32.2% in relative terms.
“The richest 10% of ZIP codes have experienced the greatest proportional increase; their delinquency rate climbed from 4.8% in the second quarter of 2022 to 7.4% in the first quarter of 2024, or 54% in relative terms,” the Fed noted. “For the poorest 10% of ZIP codes, the delinquency rate increased from 14.9% in the third quarter of 2022 to 21% in the first quarter of 2024, or 41% in relative terms.”
Credit card delinquencies are now exceeding pre-pandemic levels, and the Fed believes this suggests “that a trend which began prior to the pandemic has accelerated.” Discontent will grow as people are forced to stretch their dollars and watch their quality of life decline. The discontentment is fueling this political upheaval and the people can not vote their way out of this current situation because it is becoming apparent that the elections are not fair. We the people have been discarded by our government.
These delinquencies will fall on the banks eventually. The government does not realize that reckless spending and raising taxes has an impact on absolutely everyone. The people who push for more taxes and social programs fail to realize the larger implications.
Government spending has consequences. The US national debt has surpassed $34.6 trillion at the time of this writing and continues to grow every minute. America has never been in a deeper deficit. The Committee for a Responsible Federal Budget (CRFB) has reported that America was forced to pay $514 billion in the first seven months of FY2024 on interest costs alone.
This means that America paid more in servicing its debt than on any other program besides Social Security ($837 billion), which is a separate problem entirely. To put it into perspective, the US shelled out $498 billion on national defense, funding 2.5 wars, during this time. Around $465 billion was spent on Medicare, with an additional $355 billion spend on Medicaid, and neither surpassed the amount paid on simply holding onto debt.
What can be done when the government refuses to curtail spending? Biden audaciously labeled one of the largest spending packages in the nation’s history the “Inflation Reduction Act,” and expects the people to believe that it has not greatly contributed to the rising costs of goods and services. Every week, Biden signs a new check to Ukraine or a climate change agenda, but no one can stop him from draining the Treasury. Even the Federal Reserve is utterly helpless and can do nothing besides sit back and watch as America spirals down.
Imploding this situation is China’s rightful refusal to purchase US debt. Other central banks see how careless US politicians have become with their spending and question if they ever intend to pay off their growing debt. How could they at this point? No one in Washington has a clue on what to do. Instead, they will continue spending with no concern for the long-term consequences that are inevitable.
I have returned from a two-week tour of Europe covering the UK, Germany, and Italy. Europe is in dire straights. I have stayed on the Via Veneto since my parents took me back in 1964/65. It was the 5th Avenues of Rome. The street was lined with sidewalk cafes. Out of probably 30, only three remained. There was once a restaurant that overlooked Trajan’s Forum that I ate with my parents back then. Ever since then, I have eaten dinner there for over 40 years. This time, it too was gone.
The damage that COVID unleashed by stupid politicians listening to people like Fauci and self-anointed experts at various universities in London, has undermined the European economy dramatically. Then throw in the nonsense of NET ZERO climate change and comingle that with the insanity of the American Neocons who blew up Nord Stream, imposed sanctions on Russia that have backfired on Europe. It is understandable why European political leaders are beating the war drums for they desperately need a distraction. War has historically been the best distraction from domestic civil unrest. Otherwise, the people will storm their palaces and drag them out to the streets in old fashion revolutions for their sheer stupidity, belligerence, and incompetence.
All governments become arrogant and die by their own hand from domestic strife. Like Rome, the barbarians could only successfully invade when the politicians had weakened Rome’s economy. History repeats because humanity never learns. We see the West already deeply divided. This unprecedented attack on Donald Trump began from the very day that he announced he would run for President. They do not like outsiders. Politicians have been schooled in how to send people to war to die and never think twice about the children growing up without a parent. You must be dehumanized to be a head of state, no different from the head of a Pharmaceutical company that can sleep at night knowing some people will always die from a vaccine. Still, they focus on the majority – never the collateral damage.
Kazuhiro Haraguchi, the former Japanese Minister for Internal Affairs, has become the first major politician to apologize to the unvaccinated for the tsunami of deaths occurring among the vaccinated population. There has been a major protest, with serious numbers of Japanese citizens taking to the streets demanding action against the crimes against humanity perpetrated by globalist organizations such as the World Health Organization (WHO) and the World Economic Forum (WEF) during the pandemic. There is NO data available as to the long-term effects of MNRA vaccines.
Since people like Bill Gates proclaim that MNRA will bring the cost of vaccines down to $2 to maximize profits, they have successfully destroyed all the benefits of vaccines created over the past 200 years. This is playing into our computer projection for the population decline. Maderna is bragging how they have blended COVID-19 with the Flu Shot. This is just an instance, and governments are up for sale to the highest bidder.
Usually, when you enter a recession, interest rates decline because people stop investing and begin to save for a future that is uncertain. However, our brilliant Neocons have been trying to create World War III and they have yet to win a single war they have launched since World War II. Threatening China over Taiwan may sound noble in the headlines and on CNN, but China has been the largest holder of US debt. It is now declining in CRASH MODE, and rightly so. You do not lend money to your enemy who wants to kill you.
China sold $53 billion during the first quarter of 2024, and it continues to be a net seller. With Biden spending like a drunken sailor, governments default when they are involved in these Ponzi schemes and are unable to sell new debt to pay off the old. China is in a 14-year decline, and rightly so. This means that the US Treasury will need to find other buyers for its debt, and in the process, rates will rise more than keep beating the war drums.
The recession began in the USA and will be hardest felt in Europe. Today, Buden was forced to close the border. He was getting plummeted by fellow Democrats ahead of the election. The Sanction of Russia and Biden’s recent decree to cut off all energy from Russia will fulfill what our computer has forecasted: that we are looking at STAGFLATION, meaning economic growth declines. Still, inflation continues to rise due to shortages and the most brain-dead people in the White House, probably in US history.
Here are the timing arrays for the UK and the core of the European economy – Germany. We are in a declining mode into 2026, and waging war to retain power may look good on paper, but they will not be able to blame Putin for everything. It is down and dirty from here on out.
COMMENT: Marty, please post this on the public blog and not the private. Everyone would know that all the major intelligence agencies read you because they all know Socrates has been incredible in its geopolitical forecasting that is unmatched anywhere. After you returned home across the pond, I believe the chatter is that some are now questioning Secretary General Jens Stoltenberg’s position. You are far more of a champion than even you think. There are those listening to Socrates’s statement that the West will lose. They know Socrates forecasted the fall of communism in 1989, the USSR in 1991, and the Russian bond collapse in 1998. Nobody can do that from personal opinion.
Please, please, post this on the public blog. People have to support you to at least make it to 2032.
Anonymous
REPLY: I hope you are right. When I returned, as soon as the Customs Agent looked at the screen on me, she said come with me and took me off to a private room to be searched. They detained me for only about 30 minutes, and I was released. I was not allowed to call anyone or use my phone. That has never happened before. So, I guess I have the Neocons to thank for that delay.
Everyone would be writing to their Congressman and Senator to demand an investigation into HOW directed the “appointed” government of Ukraine to start this civil war. I believe it was Victoria Nuland et al. She was the one on the ground, and it was her husband who started the claims that Trump would be a dictator because his wife has been in every administration EXCEPT that of Trump. It is time for the truth to be revealed for the world to see.
Many have asked if they can buy this shirt we handed out at our WEC a few years back. We do not have any. Given the unfolding events, we will look into the possibility of making up a batch.
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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