PRIVATE BLOG – MAGA version of the Shell Game
PRIVATE BLOG – MAGA version of the Shell Game
Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
US/AMERICAS:
US Market Closings:
Canada Market Closings:
Brazil Market Closing:
The war in Ukraine has left the nation utterly insolvent, almost entirely reliant on foreign aid. President Zelensky claims he cannot account for billions in aid, urging world leaders to send more rapidly as he must prevent Russia from invading all of Europe. Peace is not an option as “the worst conflict since World War II” rages on with no end in sight. In the meantime, Ukraine spent £1.2 billion ($1.5 billion) to improve its tourism sector by building a massive luxury ski resort.
The luxury resort will span 2,965 acres, feature 25 hotels with 5,5000 rooms, with 41 ski slopes spanning 46.6 miles. The GORO Mountain Resort project was supposed to begin in 2022, but was delayed due to the obvious. OKKO Group, Ukraine’s largest network of gas stations, suddenly changed plans and believes now is the time to begin building the project that will take an estimated 15 years to complete.
As a bonus, GORO Mountain Resort will be located in Lviv, adjacent to Ukraine’s border with Poland. Poland’s defense budget has multiplied as it rushes to fight off Russian aggression at its own border. Donald Tusk has demanded that every male in Poland undergo military training, and he plans to expand the nation’s 200,000 army to one boasting 500,000 troops, which would make it the third-largest military force in NATO behind the United States and Turkey. In November 2024, 55% of Poles said they supported ending the war even if Ukraine was forced to surrender territory. The people do not want war but those at the helm will send them off to die under the guise of protecting national sovereignty.
Meanwhile, Ukraine has threatened neighboring nations like Poland with untold repercussions if they fail to strangle their own agricultural sector by extending Ukraine’s duty-free trade deal. Ukraine has warned that Eastern European nations will suffer the worst of the consequences.
Yet, the GORO Mountain Resort boasts easy access to those neighboring nations, with direct train travel from “Vienna, Budapest, Kyiv, Dnipro, Odesa, Kharkiv, and more, with the Slavsko station (5 km from the resort).”
Ukraine claims that Russian gas may not pass through its nation as it does not its foe to receive a single euro. Zelensky and others do not care that their allied neighbors like Hungary and Slovakia desperately need the gas line reimplemented in order to provide their nations with essential energy. Perhaps the Ukrainian government could suggest an alternative through a company such as OKKO Group.
It was a known fact that Ukraine was a corrupt nation before the war began and the government rebranded itself as a delicate victim that simply wants the best for its people—its people who have been sent off to die while those in charge refuse to negotiate with Russia. Zelensky has also said that the war will last for many years to come, yet his war-ravaged nation plans to build a billion-dollar resort near its border with Poland to attract tourism. Greed and corruption will be the end of Ukraine. In fact, based on our computer model, there will be no Ukraine in 15 years when this facility is set to open.
Millions of Americans believed that their student loans would be forgiven per the promises made under Biden Administration. Then there was a period of student loan forgiveness that began during the COVID era when countless people found themselves unemployed. Payments have resumed but 9.2 million (43% of federal loan borrowers) have fallen over 90 days behind on payments.
Instead of forgiveness, these delinquencies will remain on these borrower’s credit reports for seven years. Delinquencies show on all three major credit bureaus (TransUnion, Experian, and Equifax) through nationwide credit reporting agencies (NCRAs). The result is an immediate drop in credit scores of up to 250 points.
So over 9 million Americans experienced a massive downturn in their ability to borrow instantaneously. Many may not realize that one missed student loan payment can be counted as up to eight missed payments. Credit scores are calculated and weighted differently depending on where you look. FICO factors in payment history as 35% of one’s overall credit score, while VantageScore factors in missed payments as 40% of creditworthiness.
Student loan payments have not appeared on credit reports for the past five years. Those who are able to meet their loan obligation will see a positive uptick in their score. VantageScore reported that they believe 2.3 million borrowers will see their credit rating fall beneath 600 once these payments reappear on consumer credit files. These people will have an extreme difficulty obtaining new loans.
Thanks to the Clinton Administration repealing Glass Steagall, student loans may not be discharged in the event of bankruptcy. Default and the entire balance is due immediately, with an addition of up to 25% of the loan balance in collection fees. The government may withhold Social Security benefits and tax refunds and will repeal any federal financial aid. Certain professional licenses could be suspended. Defaulting makes it hard for borrowers to access forbearance, deferment, and other repayment options. On top of everything, the government can begin to garnish wages WITHOUT a court order.
Minority Leader of the US Senate Chuck Schumer admitted on national television what the government thinks of the people—your money belongs to them. “Their attitude is, ‘I made my money all by myself. How dare your government take my money from me?'” Schumer stated in a mocking tone.
“I don’t want to pay taxes. Or, I built my company with my bare hands. How dare your government tell me how I should treat my customers, the land and water that I own, or my employees?” Schumer, with an estimated net worth of $81 million, continued. “They hate government. Government’s a barrier to people, a barrier to stop them from doing things. They want to destroy it. We are not letting them do it, and we’re united. Okay.” This further emphasized his view that certain individuals see the government as an obstacle and wish to dismantle it.”
People hate the government due to career politicians like Schumer who believe they have the right to control the people through excessive taxation. Schumer and others who constantly push for tax increases genuinely believe that the people are stealing from the government. Forget that you pay taxes on everything you own, sell, and save—the government needs MORE to fund agendas that the people do not vote on.
DOGE has been highlighting how utterly irresponsible and reckless government spending has become. No one voted to fund transgender care in Bangladesh, for example, or the infinite funds sent to secure foreign borders. The Constitutional protection of no taxation without representation has been eliminated. It matters not how much the government collects from the people as it will NEVER be sufficient to cover their spending, let alone the national debt that is a ticking time bomb.
Then you have people like Chuck Schumer who have NEVER held a job outside of politics and could not be further removed from the valid concerns of the people he claims to represent. He has made his fortune through LOBBYING and CORRUPTION off the backs of those who actually WORK and contribute to our economy. These are the swamp creatures who repeatedly raise our taxes, year after year, and hypocritically mock us for desiring a better quality of life.
Direct taxation is what the Founding Fathers in the US forbid. Politicians are destroying the world economy and this issue is certainly not unique to America. The Common Reporting Standard (CRS) is an information standard for the automatic exchange of tax and financial information on a global level. It was put together by the Organisation for Economic Co-operation and Development (OECD) back in 2014. Its purpose was to hunt down tax evasion primarily for the European Union. They took the concept from the US Foreign Account Tax Compliance Act (FATCA), which imposed liabilities on foreign institutions if they did not report what Americans were doing outside the country.
The globalist trend toward Marxism where “you will own nothing and be happy” is precisely why our computer believes we are in for a complete change in the structure of government. Beforehand, we will see governments attempt to collect MORE from the people through new and increased taxes. The left wishes to increase the public sector so that everyone is utterly dependent on the government for survival. CBDC will create a cashless society to ensure governments can track and collect money instantaneously, as the main premise behind CBDC is the belief that the people should be paying at least 35% more to our overlords.
Nations crumble when governments continually rob the people through taxation.
Jerome Powell kept rates unchanged as our computer was projecting. However, he did weigh in on the state of the US economy, pointing out that Donald Trump’s policies were one reason why inflation is turning back up. He also reduced the Fed’s 2025 growth projection, noting that uncertainty around the slowing economy is increasing. The Fed is well aware of the Economic Confidence Model. Both Canada and the Fed started to lower rates when the ECM had turned down last May.
Powell said, “Inflation has started to move up,” adding that “there may be a delay in further progress over the course of this year.” The confusion people have is that, as I have pointed out before, government employees are counted TWICE in GDP. First as total government spending and second as total personal income. So, firing government employees will have a larger more exaggerated impact on GDP going forward.
Investors have reacted negatively to Trump’s global trade war and the mounting retaliation from abroad. What they fail to grasp is that the main reason companies left the USA was over worldwide taxation. American companies were always at a disadvantage when compared to Europeans competing in the world market. The S&P 500 fell nearly 10% from mid-February because of the failure to understand the real trade impact of the high tariffs. Trump, meanwhile, has perhaps promoted recession fears, with the Republicans saying the economy faces a “period of transition” and that his tariffs will eventually mean more US jobs.
Socialist academic economists do not look beyond our shores and say that Trump’s tariffs will be a significant loss. They compare this to the Smoot-Hawley tariffs of the 1930s, blaming them for the Great Depression because they are incapable of thinking about two variables simultaneously. The tariffs were primarily on agriculture because the Dust Bowl reduced crops, and Europe offered them cheaper. The economy was 41% employed in agriculture, and that is why unemployment soared to 25%, creating the ho-bo movement. No legislation could have made it rain. Crop shortage in the USA led to rising prices, and Europe did not have that problem and was selling crops at reduced prices. The farmers demanded the tariffs.
Powell admitted that recession odds had moved up but weren’t high. He disagreed with the University of Michigan survey, which showed a sharp increase in long-term inflation expectations. We agree. Socrates is showing that volatility in inflation was to begin here in 2025 and rise stronger in 2026, but it will be the 2027-2028 period when it becomes critical that it is correlated with our war models.
Newsmax’s Rob Finnerty has introduced a bombshell revelation hidden within the newly released JFK files—one that raises serious questions about a likely CIA cover-up. Bernie Sanders – this is why we need non-government DEEP STATE people to investigate. Thank God for Oligarchs!
COMMENT: Marty, I spoke to a friend at the __________ bank in NY, and he said on gold, listen to Armstrong. I found that interesting since he was well up there in the Bank’s food chain. He also said this is geopolitical, not inflation.
Kevin
ANSWER: Well, as I have said, gold’s not stopping when it is geopolitical. We gave our price and timing targets. Forget the BS about inflation. Gold is rising for the safe-haven demand as geopolitical tensions increase. Banks that do follow us know that we are bullish on bullion’s safe-haven status as anxiety escalates about the global economy. The fact that the Federal Reserve is poised to keep borrowing costs steady realizes that Keynesian Economics is dead. The rise in interest rates no longer stops inflation because government expenditures rise, and politicians will NEVER reduce spending because the Fed raises rates.
Deputy Economy Minister Taras Kachka threatened European Union leaders that there will be consequences to pay if they fail to extend Ukraine’s duty-free access to the European market. The European agriculture sector in particular has been punished by this trade deal as they cannot compete with Ukraine’s lower priced goods. Kachka warned that the nations already feeling the economic burden of this unfair trade deal will face the “least pleasant” consequences.
“The lack of progress on revising the trade agreement will force us to take steps to equalize the trade balance. And unfortunately, those decisions will be the least pleasant for the countries that are now politically slowing down the negotiations on free trade,” Kachka said.
Perhaps Slovakia’s Fico was correct in stating that Zelensky lurks around Europe, blackmailing nations and begging for funding. US Vice President JD Vance asked Zelensky if he ever said, “Thank you,” as his nation repeatedly begs for MORE without expressing the slightest gratitude. Brussels prioritizes Ukraine over its own member nations and heeds to its every demand. Clearly, Ukraine has no consideration for their allied nations who have provided them with endless funding and frankly prevented Russia from a swift victory.
“We work only on a positive agenda with the EU. And I hope we will integrate Ukraine into the EU internal market ASAP,” Kachka said. Was it positive when Ukraine failed to renew the energy deal that Slovakia and Hungary desperately needed? Ukraine refuses to permit Russian oil to pass through to provide these nations with the essential energy they need to function.
This unbalanced trade deal has hurt Europe’s agricultural sector. Poland, Slovakia, Hungary, Romania, Bulgaria, Czech Republic, and Germany have ALL experienced massive farmer protests as cheap Ukrainian imports have severely undercut them. Poland, Hungary, and Slovakia have opposed lifting trade restrictions, and for that reason, Ukrainian officials have said that they would experience the most significant consequences.
Ukraine forgets that it needs Europe far more than Europe needs Ukraine. The EU is Ukraine’s largest trade partner, accounting for around 60% of total exports. Kiev purchased $35.7 billion in goods from the EU last year, resulting in a $10 billion trade surplus. Kachka believes the EU has far more to lose than Ukraine due to this surplus. Who else would purchase Ukrainian goods if the EU backed away? Let us not forget the West is supporting Ukraine’s entire public sector right now.
It is questionable why Brussels permits this abusive relationship to continue. Brussels does not care about democracy. It actively punishes member states that refuse to comply with its mandates—whether it be Hungary, Poland, or any other country that dares to put its own citizens first. Ukraine, despite being one of the most corrupt nations in Europe, is treated as a priority because it serves as a tool to justify greater authoritarian control. Ukraine wants to enjoy NATO benefits without becoming a paying member the same way it wishes to enjoy trade within the EU. No one would permit the nation into either alliance before the war began due to rampant corruption, but now everyone must bend the knee to Ukraine as it holds the neocon’s magic passageway into resource-rich Russia.