Posted originally on Jul 10, 2025 by Martin Armstrong
Bulgaria’s adoption of the euro is a major step toward abandoning its remaining sovereignty. The European Union is akin to a drowning person clinging to anything nearby in an attempt to stay afloat. Bulgaria will become the 21st nation to adopt the euro beginning in January 2026.
Protests against the adoption have been ongoing for months. Citizens fear the spike in prices once the euro is adopted with good reason. In a population of 6.4 million, two million receive a pension of €226 a month. Net wages average only €355 a month. Bulgaria has one of the weakest economies in the EU, yet is expected to instantly adopt a currency with an official and fixed rate of 1 euro = 1.95583 lev. The nation’s GDP was 24.1% in 2024, far beneath the EU’s 60% threshold.
Bulgaria’s lev has been pegged to the euro since 1999 under a currency board arrangement. That means the country has already given up most of its monetary tools. But formally joining the euro locks in those losses—permanently. There will be no going back.
Proponents claim that Bulgaria will now have the European Central Bank’s liquidity facilities and bond purchasing programs. They tout that borrowing costs will be lower and joining will raise the nations creditworthiness. But for what? To take on more debt that they will never be able to default on?
Once Bulgaria joins, it will no longer be able to devalue its currency to remain competitive. That’s how small economies adjust in a floating system. But inside the eurozone, you’re stuck. All monetary policy decisions are made by the ECB in Frankfurt, which answers to no elected body. If Bulgaria experiences a downturn, they can’t cut rates or devalue—just like Greece in 2010. They will be told to cut pensions, raise taxes, and accept IMF mandates. That’s not sovereignty.
The former communist nation has a long history of political instability. In fact, there have been seven national elections in the past four years alone. Citizens have no trust in their government and do not bother with voting, as voter turnout reached only 34.4% in June 2024. The nation is also internally divided when it comes to support for Russia.
Alpha Research conducted a poll in July 2025 that found 46.5% of the population was in favor of euro adoption while 46.8% are in opposition. Eurobarometer conducted a separate poll in March 2025 that found 45% in favor and 53% against. Nationalism was already rising in Bulgaria, but this adoption of the euro will heighten the nation’s political divide as half the population does not want to surrender its identity to Brussels.
Adopting the euro is a politically motivated rather than a strategic economic move. Bulgaria has lost its remaining freedom from the EU and surrendered all economic freedoms.
Posted originally on Jul 9, 2025 by Martin Armstrong
The catastrophic flash flood in Texas claimed over 100 lives across six counties last Friday. Torrential rain caused the Guadalupe River to surge over 20 feet in a mere 90 minutes. Despite the area having a historic record of acute flooding, the climate zealots are blaming human behavior for a natural event.
Failed presidential candidate Michael Bloomberg has attempted to politicize the disaster by penning an op-ed in his paper entitled, “The Texas Floods Were Made Worse by Climate Denialism.” Bloomberg states that the government owes the victims’ families a sincere commitment to righting their deadly wrong, by tackling the problem they’ve turned their backs on for too long: climate change.” Later adding, “The refusal to recognize that climate change carries a death penalty is sending innocent people, including far too many children, to early graves.”
The same area of Texas experienced severe flooding in 1932, 1973, 1978, 1987, 1991, and 1997. San Antonio/Central Texas experienced a catastrophic flood in 1921, with the San Antonio River flooding the following year and once more in 1998. The Blanco River experienced a significant flooding event in 2015. Unfortunately, the nearby terrain causes rapid rainfall to rush into the rivers and creeks. Clay-rich soil leads to poor filtration and high runoff during these events. The Guadalupe River Basin has been known as one of the three most dangerous places in the nation for flash flooding.
Nature abides by cycles. Yet, the leftist billionaire elite preach that humans are powerful enough to cause catastrophic weather events, despite there being absolutely no concrete evidence to support these claims. Bloomberg, one of the wealthiest men in America, is worth at least $104.7 billion and will not relinquish his seven private aircrafts or mega-yacht. Fox News reported that Bloomberg emitted 10,000 metric tons of CO2 during the 1,700 flights he took on his private aircrafts in a four-year period. Yet, he was appointed as a United Nations envoy for climate action since the globalist elite declare they have the authority to tell the people how to exist. These politicians do not actually believe the nonsense they spew.
Bloomberg has been in adherence with the World Economic Forum on the quest to eliminate the entire carbon sector by 2030. He has personal interests in forcing America onto the grid and eliminating fossil fuel usage. Climate change is one of the largest psyop measures in history that the media and politicians adamantly demand everyone accept as truth without evidence.
Posted originally on Jul 8, 2025 by Martin Armstrong
The globalists refuse to declare the migrant crisis an “invasion,” but we have history’s guidance to show us what happens when an unsustainable number of people enter a nation. The Goths, a non-military group considered migrants, are a perfect example. These men, women, and children sought refuge within the Roman Empire. This was not an invading army but rather a fleeing population seeking safety from the Huns. The Goths, long-time foes of the Romans, appealed to be admitted to Roman territory due to the threat they faced and needed to seek asylum. This event led to significant consequences and marked a turning point in the history of the Roman Empire.
The great Gothic migration involved hundreds of thousands of men, women, and children. While, to some degree, the growing unrest in the East pushed them southward, there is also little doubt that the border defenses of the Roman Empire had also been seriously weakened by the political instability and economic pressures that were building within Rome itself. Of course, the rumor of great plunder and riches available in Roman territory acted like a magnet much in the same way as the rumors of streets paved in gold in America prompted great European migrations during the 19th and early 20th centuries or the outdated stereotype of the American Dream.
By 238 AD, the Gothic position was so threatening to the Roman Empire that Emperor Maximinus was forced to pay them vast amounts of tribute, similar to how countries currently pay all expenses for migrants. While his aim may have been to buy time, this demonstrated weakness on the part of the Romans, who were still in the middle of internal political struggles for power. Internal imperial rivalries ultimately defeated Maximinis. Within less than four years thereafter, the Goths began a series of raids along the Danube.
A decade later and Philip I attempted to quell the influx of migrants, but died while battling his successor, Trajan Decius. Rome was simply decaying gradually from internal struggles, which weakened the economy and constantly pitted one legion against another in a struggle for power. We see internal struggles today throughout the West as politics continue to divide the people. The Romans did not consider the Goths to be a force that would threaten the entire Empire, but rather more as a barbarian force looking for plunder rather than power.
Trajanus Decius declared the Goths an enemy and attempted to force them out of the empire, only for the masses to return a year later. The Goths were prepared this time and formed several strategic alliances with enemies, such as the Dacian Carpi. This led to a full-scale invasion, and the Roman Empire suddenly found itself besieged as war raged on in Moesia, Dacia, and even in Thrace, while the main body of the Gothic invasion was preparing a descent into the region of the Black Sea.
After many battles, the Goths emerged as the new masters of the entire Danube territory, all the way to the Black Sea. Trebonianus Gallus emerged as the new Emperor who could do nothing to reverse the Empire’s humiliating defeat. The Goths now turned to Illyricum and Thrace, burning and plundering their way across the region. By 253 AD, the Goths set sail along the Black Sea, headed straight for Asia Minor, which was wide open and waiting to be plundered.
The Roman Empire was declining until Emperor Aurelian came to power and began restorative efforts, including anti-immigration policies. He not merely launched defensive measures, he moved on the offensive against the Goths and demolished them through a series of battles. The Goths were driven out of the Balkans and into Dacia. Aurelian also greatly restored the Black Sea defenses, which helped those regions rebuild their economies as well. However, Aurelian failed to pursue the barbarians into the Roman province of Dacia, pulling back and establishing the new border once again along the natural border as originally defined by Augustus – the Danube.
Aurelian’s decision to redraw the borders left Dacia in the hands of the Carpi and the Goths. Once the Goths were contained, they began to divide into two distinct groups – Ostrogothic and Visigothic kingdoms. These groups would evolve into powerful states that would ultimately bring down the Roman Empire in the West.
Those in favor of the Gothic migration stated that the newcomers would increase tax revenue and benefit the Roman economy. It was a humanitarian crisis and Rome’s responsibility to solve. Instead, the unsustainable influx of Gothic refugees contributed to the eventual fall of the Western Roman Empire. The event marked a turning point in Roman history and was part of a period in which the Roman Empire nearly collapsed under the combined pressures of invasion, civil war, plague, and economic depression. History always repeats.
Posted originally on Jul 7, 2025 by Martin Armstrong
People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, but that is merely propaganda. You must understand that Bitcoin is simply a trading vehicle, not a currency. I cannot stress that point enough. My opinion has been unpopular, and clients have walked away due to my stance on crypto. That’s fine, as I am not in this for the money. I can only adequately inform my clients of the unbiased truth and hope that those willing to listen will heed the computer’s warnings.
To begin with, there is much speculation about the founder(s) — Satoshi Nakamoto – who created Bitcoin (BTC) on June 3, 2009. The mystery person or group (or government agency) has been MIA since 2011. Yet 1 million Bitcoins remain in their original account, untouched. His wallet is estimated to be worth over $81 billion at the time of this writing, and if this is indeed an individual, he or she is one of the top 15 richest people in the world. They have never moved a fraction of a BTC from their account. So, one wallet contains 5% of all mined bitcoin. Will this person or entity perpetually hold?
They expect us to believe some mysterious Japanese man created the blockchain technology and simply evaded all world governments. They claim Bitcoin is an anti-government vehicle, but it is a bureaucrat’s dream because it allows them to track where funds are coming from and going. In 1996, the US government released a white paper entitled, “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document explains how a government agency could create something like Bitcoin or another cryptocurrency. They had been attempting to create one for years and then magically Bitcoin came on the scene.
I encourage anyone interested in crypto to read my articleregarding this study. Blockchain was created with surveillance at the top of mind.
Bitcoin’s price is akin to the problem that existed when the bubble burst in 1966 with mutual funds because they were listed back then. The value can change at a volatility rate of 10x that of the dollar, making it a highly dangerous instrument as a store of wealth. It is solely a trading vehicle until they weigh it and the value is changed.
In 1966, investors bid the mutual funds up beyond net asset value, so during the crash, people lost everything when they thought it was a secure investment. The net underlying assets may have dropped 20%, but they paid 20% over the net asset value and then sold at 50% of the net asset value. Many mutual funds crashed 70-90%, whereas the Dow drop was 26.5%. Ever since mutual funds have no longer been allowed to be listed. You go in and out at net asset value. Bitcoin must change its structure, or it will never become a valid currency with a stable store of value, which is supposed to be the whole point. It is just an asset class of high volatility.
I have not been bullish on digital currency, as it’s a trading vehicle no different than any other commodity or stock. Sure, a profit could be made, and many have had great success. We do include Bitcoin in our models, and those subscribed to Socrates will see that our arrays are picking up on Bitcoin next year.
Bitcoin is a trading vehicle that is no different from wheat or cattle. It is NOT a store of wealth, as it fluctuates like everything else. It rises and falls no different than any other trading instrument. It is not a “store” of value maintaining some constant value to park your money. We need to get realistic here. The concept of Bitcoin replacing the dollar fails to comprehend what makes something the world’s reserve currency. I will write a piece explaining that aspect since it is crucial to understand.
Posted originally on CTH on July 6, 2025 | Sundance
President Trump responds to Elon Musk’s ongoing outrage.
PRESIDENT TRUMP – “I am saddened to watch Elon Musk go completely “off the rails,” essentially becoming a TRAIN WRECK over the past five weeks. He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States – The System seems not designed for them.
The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds! Republicans, on the other hand, are a smooth running “machine,” that just passed the biggest Bill of its kind in the History of our Country.
It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time. I have been strongly opposed to that from the very beginning. People are now allowed to buy whatever they want – Gasoline Powered, Hybrids (which are doing very well), or New Technologies as they come about – No more EV Mandate. I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate – It was in every speech I made, and in every conversation I had. He said he had no problems with that – I was very surprised!
Additionally, Elon asked that one of his close friends run NASA and, while I thought his friend was very good, I was surprised to learn that he was a blue blooded Democrat, who had never contributed to a Republican before. Elon probably was, also. I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon’s corporate life. My Number One charge is to protect the American Public!
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!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America