London Offloading Gold to New York

February 25, 2025

20 Bullion

Capital is unsafe in Europe as the war drums beat louder by the day. Looming tariffs have many questioning if they will spread to precious metals and smart money has selected the USA as its safe haven. Moreover, gold is selling at a premium in the US leading to an uptick in arbitrage. Gold has been on the rise since the outbreak of the Ukrainian war and we’ve seen a 10% rise in the past year alone. Now, the Bank of England is working quickly to move a large portion of its gold reserves from London to New York.

Gold prices have been about $20 lower per troy oz in London compared to New York. J.P. Morgan, for example, moved $4 billion in gold reserves from London to NYC this February. The central bank is especially eager to send its reserves off to America. London’s largest gold reserve currently holds 310 tonnes of gold or 420,000 gold bars. England only owns 5.4% of its gold holdings with major banking institutions and foreign central banks accounting for the bulk.

The London Bullion Market Associated stated that 150 tonnes of gold were shipped out to the Big Apple in January alone, with 100 tonnes of that coming directly from the Bank of England’s massive vaults. Transporting tangible assets is no easy feat, even for a central bank. The Bank of England stockpiles massive gold bars weighing 400 troy oz each. New York’s gold exchange only accepts smaller ingots of 100 oz, so the bullion must be sent to Swiss refiners to be melted and recast.

There is a rush to get gold out amid war and geopolitical tensions. Swiss exports of gold to the US reached a 13-year high this January and has no signs of slowing. The risk of war in Europe is very real and that can take gold prices up dramatically. Banks are often severely restricted during times of war and it certainly would not be as simple to move precious metals across the Atlantic.

In both world World Wars, capital fled Europe for the US, strengthening the dollar and driving up gold demand as a hedge against uncertainty. Gold doesn’t necessarily move with inflation but reacts to geopolitical instability and loss of trust in institutions. If conflict escalates in Europe, capital outflows could once again drive gold higher, similar to historical patterns. There is a reason we are witnessing a mass exodus of gold into the US. As far as a matter of confidence is concerned, DOGE’s search into Fort Knox could have many questioning if gold is indeed safe in the US. We are certainly living in a time of mass political uncertainty.

Kaja Kallas – A Neocon to Watch

February 25, 2025

Kaja Kallas

Kaja Kallas, as the EU High Representative for Foreign Affairs and Security Policy, is demanding NATO finally admit Ukraine. The former Estonian prime minister who has aspirations of one day becoming NATO Secretary General has a deep hatred for Russia and all Russians. One must carefully question her motives as she advances through the ranks of neocons, causing the world to teeter on the brink of world war.

Slim Kallas, Kaja’s father, was a member of the Communist Party of the Soviet Union from 1973-1990. He was appointed as the President of the Bank of Estonia in 1991, after Estonia restored its independence. Later becoming a liberal founder of the Estonian Reform Party, Kallas served in various governmental positions always with a keen focus on distancing Estonia from all Russian influence.

Kaja Kallas has been openly anti-Russia since she entered politics. As prime minister, she demanded that all Russian and Soviet-era monuments be removed, landing her on the Russian Federation’s wanted list. The EU’s High Representative for Foreign Affairs and Security Policy applauded her notoriety and open hatred of Russia. “Moscow has put a prize on her head. Kaja Kallas is now wanted in Brussels,” EuroNews accurately published.

Now, Estonians disliked Kallas whose policies aided in plunging their economy. “Gas might be expensive, but freedom is priceless,” she callously told the people. She consistently pushed for Estonia to provide more defense funding to Ukraine and NATO and stated that Russians were no longer welcome to visit Estonia.

Kallas cannot separate Russian politicians from the Russian people. “They [Russians] define themselves in the categories of empire, imperial thinking, they like dictators,” the fiery Estonian broadcast. – Our history textbooks were rewritten after independence, but in Russia this did not happen, they still learn from Soviet textbooks. Russia’s imperial ambitions – I’m not just talking about Putin. I’m talking about the country as a whole, what they are celebrating. We have to put an end to this vicious cycle,” she stated.

Alex Soros, son of geopolitical meddler globalist George Soros, called her “one of Europe’s real heroes” in a social media post. “Inspiring meeting with Estonian Prime Minister, @kajakallas, one of Europe’s real hero’s! Prime Minister Kallas has been doing so much for European and transatlantic unity as well as coordination as we face the ongoing crisis with Russia,” the younger Soros posted back in February 2022.

Kaja Kallas is a neocon to watch as she aims to advance in the ranks at NATO with the full backing of the establishment. “The strongest security guarantee – and, actually, also the cheapest one – is NATO membership… We have agreed that Ukraine’s path to NATO is… irreversible. We agreed on this. So, in the end, Ukraine must also be part of NATO,” she recently stated. Apparently World War III is a cheaper option than peace. These are the people behind the scenes controlling the world. Although she has somewhat limited abilities in her current role, Kallas is yet another anti-Russian neocon who cannot sleep as long as the world knows peace.

EBT Scams on the Rise – California Losing $100M Annually

February 25, 2025

Credcard Fraud

The California Department of Social Services admits it has lost $439 million in stolen Electronic Benefit Transfer (EBT) benefits since 2021. The program noticed a $100,000 monthly loss halfway through 2021, but did nothing. Now, the state is losing $10 million each month due to EBT theft.

The Department of Social Services is still investigating how widespread this theft has become but the trend is rising. In January of this year, $14,181,029 in taxpayer provided EBT funds simply vanished. Scammers can access account information in a variety of ways without gaining access to the actual EBT card. Skimming and phishing scams have been on the rise.

“EBT theft cruelly robs vulnerable individuals of the public benefits they are legally entitled to,” said District Attorney Hochman. “In addition to directly taking critical financial assistance away from children, families, and the elderly, public assistance fraud steals from taxpayers. Our Office will continue to vigilantly investigate and prosecute these cases and hold offenders fully accountable for their criminal actions. We are also working closely with victims and the LA County Department of Public Social Services to return the stolen benefits.”

Arrests are rare as these fraudulent transactions can be hard to trace but punishments are harsh. One such scammer in California faced 10 counts of felony identity theft, three counts of felony grand theft, and one misdemeanor charge of obstructing a law enforcement officer after stealing thousands through skimming practices. He now faces up to 10 years in prison.

Over 3 million people in the state receive EBT cards through SNAP (Supplemental Nutrition Assistance Program). No state can afford to lose $100 million per year due to fraud. This is something that needs to be reassessed at the federal level as EBT fraud occurs everywhere. Washington state reported lost $5.5 million to EBT card scams in 2024, for example. A recent police sweep of the DC area found 27 skimming devices, preventing an estimated loss of $7.2 million.

Did I mention that EBT cards do not have chips? Every bank forced users to switch to chip technology years ago, but the US government, per usual is behind. Sens. Bill Cassidy (R-La.) and John Fetterman (D-Pa.) have been trying to push through the Enhanced Cybersecurity for SNAP Act that would phase out swipe-only cards and provide recipients with additional information to manage their accounts. Yet, the act would also reimburse recipients with 100% of stolen funds which could lead to different forms of fraud.

Stealing from the poor is abhorrent behavior. A survey of 10,000 welfare recipients found that over half had little to no understanding of phishing or skimming scams. Around 87% reported taking some action to prevent their cards. A second survey of 1,700 EBT scam victims revealed that 44% were forced to borrow money elsewhere or go into debt, 53% became food insecure, and half of those victims have no idea how their funds were stolen. Only 55% of theft victims were reimbursed for their stolen funds. Something must be done to protect not only the welfare recipients but the taxpayers who may be forced to fund EBT fraud.

The Neocon Coup that Has Controlled the USA for 26 Years is Coming to an End

February 25, 2025

PropagaNDA tRUTH

QUESTION: You said that the US was going to invade Iran after Iraq. Was that classified? I never heard of that. You also said that the Neocons pulled off a coup and seized control of American foreign policy, and the press prints their narrative. I respect your sources, which appear to be remarkable. Lira was the first time you identified any source. Is this the way it operates behind the curtain? What drives you? Or perhaps what changed you?

FK

Death

ANSWER: I cannot reveal sources, or I won’t have any afterward. I do not make money from this blog, and I do not solicit donations or accept advertising. I have ZERO personal stock accounts because I cannot have the slightest conflict of interest because I have to comply with laws worldwide – not just in the USA. My incentive is to try to leave behind a better future for my grandkids, and if Scotty wants to bean me up, I do not give a shit. When the government tortures you and tries to kill you, something happens. I wrote about that when Trump was shot. You emerge, losing all fear of death. People do not understand. Trump now realizes he is here for a purpose and is going full steam ahead. He now knows the real Deep State as I do.

cntrl_alt_del

Trump is hitting the Cntrl-Alt-Delete and is rebooting the USA, which is exposing the corruption and is setting the stage for the redesign of government in 2032. He is part of this cycle, too, whether he understands that or not. People ask me all the time why I am not bitter about what they did to me. I was endowed with the strength to endure. That was my divine gift, like the gifts from the Greek gods to Perseus. What they did to me opened my eyes for growing up with lawyers always discussing the Constitution, I thought our legal system was fair. When the judge threw my lawyer, Richard Altman, out, his last words to me were: “You should have run.” He added they would have had to put on a real case to get me back had I gone to London.

Trenton no Defaults 9 13 1999

My case was covering up the first Neocon regime change they tried to get me to fund with $10 billion, and I refused. This was the start of the Neocon Coup of American Foreign Policy. None of my clients filed any complaint against me. This was all started by the bank, which, in the end, pleaded guilty and returned all the money they stole with a deal of no fine and no prison time for the bankers, as usual in NYC. The banks walk of water in NYC. As a lawyer told me why they are never prosecuted, “You don’t shit where you eat!” What I experienced changed me. I saw the beast from the inside out. The legal system is not worth saving.

Docket Sheet Sealed 2013

Judge Lawrence M. McKenna was trying to protect me. So, the DOJ ordered the Chief Judge to switch my case to a pro-government former prosecutor, John F. Kennan. Not even Trump could have his case removed to a different judge in secret. Here is the docket with all these entries sealed from my view and the world. All I can say is they must have claimed some national security issue, perhaps because of the failed regime change in Russia.

AP 4 27 2000 Closed Court

They illegally closed the courtroom and threw out the Associated Press, altering the transcripts to hide that. My only evidence was the AP’s press story – “In a closed court hearing…”. It is supposed to be unconstitutional to have secret closed courts. The Sixth Amendment guarantees the rights of criminal defendants, including the right to a public trial without unnecessary delay, the right to a lawyer, the right to an impartial jury, and the right to know who your accusers are and the nature of the charges and evidence against you. I was denied everything!

I believe this complete denial of all my constitutional rights was all to cover up the attempted regime change of Russia blackmailing Yeltsin, which is why Yeltsin turned to Putin and said, “Protect Russia.” The Neocons are relentless. They are determined to conquer Russia. This is why they were all supporting Kamala.

NATO_Defeat Russia_in_3_Days Adam Kinzinger

What has been going on with Ukraine is the Neocons have taken over the press, and all they do is spin the story of how Russia is weak and that we can take them in just 3 days. It has been the Neocon Adam Kinzinger, who Pelosi hand-picked to be on the January 6th Committee, who was trying to prevent Trump from running again because they knew he would pull the rug out from under them. Biden gave him a pardon along with the other Neocon, Liz Cheney, whose father endorsed Kamala. This Neocon coup has undermined the United States’ all our rights and has sent us in the direction of total destruction. They have demonized Trump and divided the country profoundly all because they want World War III to dominate the world no different than Hitler of Napoleon but without the crown or titles.

1 Dick Cheney

I was asked to be part of the Bush administration if I would take the position of Chief Economic adviser in the White House, and I declined. Bush never picked anyone. The people behind the curtain put in Cheney, and he launched the war to conquer 7 countries – Iraq, Iran, Syria, Lebanon, Sudan, Libya, and Somalia. He wanted to dominate every state that had been loyal to Russia.

Trump’s first term, they stuffed his cabinet with Deep State Neocons. That is why Trump picked his cabinet before he got to Washington, and they are qualified people not beholding to the Deep State. Today, everything you have heard about Ukraine is total propaganda by the Neocons to justify war to now conquer Russia. Trump knows what I know. This is the real war for the heart and soul of the United States, and I am not exaggerating. So many fools believe the bullshit they spin about Trump and never as WHY?

 

 

When I said 100,000 Ukrainians were killed in the first few months of Zelensky’s war on Russia, I got emails from brainwashed people claiming I was spreading Russian disinformation. That info came directly from Ukraine, and when Ursula gave that number, Zelensky made her take it out and claimed that it was “classified” because he was trying to pretend Ukraine was winning with no casualties. In every government, there are the obedient, brainwashed morons who just repeat what the government and the press tell them without thinking about anything. Sometimes, I have come up with specific information that even central banks would like to share, but they are restricted in their comments. This is the way it goes.

I am not the only one who sees through the corruption and lies. Former General Wesley Clark, who is about five years older than me, was the Supreme Allied Commander Europe of NATO from 1997 to 2000. Listen to his speech on the Neocon Coup that has taken over the United States’ foreign policy since 1999. That is when they charged me, Sepetember 13th, 1999, because I would not play ball. This was the start of the Neocon Coup that was never directed by Congress or even any president.

 

 

On January 30th, 1999, NATO Launched Operation Allied Force Against Serbia. This NATO operation marked a significant military intervention in the Kosovo War, marking a significant rise in Neocon power. This was NATO’s first offensive use of force and was NOT sanctioned by the United Nations Security Council. This was in violation of international law and was politically a usurpation of virtual dictatorial power by an unelected organization. They used the false claim that it was for humanitarian concerns, but it was a strategic calculation to expand their power base against Russia. Even though communism crumbled, they transformed their hatred into racism because they needed an enemy to justify their existence. They were angry that communism crumbled to dust, and they did not get to shoot anybody.

Reagan in quest of peace

They were against Reagan’s meeting with Gorbachev. I can tell you this because I was in a discussion in DC at the time. The Neocons tried to prevent that meeting, telling Reagan, “You can never trust a Russian.” These people are no different than the Southerners who blamed the blacks for the Civil War and transformed it into racism.

Mikhail Gorbachev and Maagie Thatcher

 

I even had conversations about the bloodthirsty Neocons constantly pushing for war with Russia. Maggie was well aware of that and agreed that peace unfolds with economic relations. When the people benefit from free trade, they are the best check on their leaders against war.

Khruschev Nikta

Hence, the Kosovo War presented a political opportunity for NATO to redefine its role in the post-Cold War era since it was created to protect Europe from a Communist invasion to spread Marxism to the world and defeat capitalism. Nikita Khrushchev while addressing Western ambassadors at a reception at the Polish embassy in Moscow on November 18, 1956. He did not mean militarily. He was boasting that Communism was equality and that the West would fall to its knees from within. With the dissolution of the Soviet Union, NATO’s original purpose of defending Western Europe against Soviet aggression had evaporated. For fear of dissolution, NATO needed to regain its status and power and expand it. In 1949, the NATO defensive pact was signed by twelve countries

Economist Russia takes Europe

The Neocons usurped the Kosovo War as a way to transform NATO into a more proactive security organization capable of managing newer, non-traditional threats, including ethnic conflicts and humanitarian crises, which it was never established for in the first place. The Neocons needed to keep NATO alive. This is why NATO constantly asserts that if Ukraine falls, Russia will retake all of Eastern Europe, which only a fool would believe – but we have fools running the government and the press. All they do is constantly project war as if Communism never fell. Under Khruschev it was about spreading communism against evil capitalists. Those conditions and reasoning no longer apply.

Putin Russia Geography Map

Instead, they latch on a comment from April 2005 when Putin told the nation that the collapse of the Soviet empire “was the greatest geopolitical catastrophe of the century” and had fostered separatist movements inside Russia that we will also see in the United States and Europe when any centralized government becomes authoritarian. But they have taken Putin’s statements out of context about the Soviet collapse was a tragedy for Russians. He said:

“First and foremost it is worth acknowledging that the demise of the Soviet Union was the greatest geopolitical catastrophe of the century. … As for the Russian people, it became a genuine tragedy. Tens of millions of our fellow citizens and countrymen found themselves beyond the fringes of Russian territory.” He also referred to the Chechnya separatist movement that became an “epidemic of collapse has spilled over to Russia itself.” 

Putin_denounces Lenin

They overlook that Putin was particularly critical of Lenin and said he was not a statesman but just a Bolshevik in 2016. He said that Lenin created a time bomb under our state.” He also denounced Stalin for massive purges that killed millions but noted his role in defeating the Nazis in WW II. Putin also blasted the Bolsheviks for making Russia lose World War I in their quest for power, making Russia suffer defeat by Germany and cede large chunks of territory just months before it lost World War I. “We lost to the losing party, a unique case in history,” Putin said.

Putin criticized the Communist ideology, noting that while promises of a fair and just society in the Communist ideology “resembled the Bible quite a lot,” the reality was different. “Our country didn’t look like the City of the Sun,” envisaged by socialist utopians, he said. Regarding Lenin’s tomb, Leon Trotsky, Lev Kamenev, and Nikolai Bukharin famously opposed the idea of Lenin’s embalming, while his late wife, Nadezhda Krupskaya, wrote for the Pravda newspaper in the year of his death: “Do not build for him monuments, castles in his name, (hold) opulent receptions in his memories etc. To all of this he assigned such little significance in life and it saddened him so.”

Bolton John NeoconThe Neocon John Bolton, who would invade Canada to get one Russian and has no problem sending American boys to die for his rantings, has been the major source of spreading the propaganda that Putin wants to resurrect the Soviet Union. Bolton seems to have no remorse for those who die in battle. Perhaps he is just an atheist like Lenin. Bolton constantly denigrates Trump, who does not wish to create World War III, saying, “‘F*cking Moron’ Like Trump Can Still Be Putin’s ‘Useful Idiot’ Bolton also said:

“It’s clear he wants to re-establish Russian hegemony within the space of the former Soviet Union. Ukraine is the biggest prize, that’s what he’s after. The occupation of the Crimea is a step in that direction.”

 

 

Yet, in November 2013, John Bolton appeared in a video in which he talks up gun rights in Russia to lobby the Russian legislature, pushing the Right to Bear Arms. This has long been a question of ethics and legality. It is against the law to accept any money from a foreign government without registering as an agent of that government. That is why I cannot accept any money and that also applies to gifts. You cannot even accept that they pay for your expenses like airfare and hotel – NOTHING!!! Even if Russia paid someone else as a middle person regarding Bolton, that does not exonerate you from a crime.

Armstrong on war never ends

Part of their strategy is to say that Putin is so evil that nobody should talk to him and cut off all diplomatic ties. Biden did that, and so did the EU. That is to ensure that there will not be any possibility other than all-out war. NEVER do they consider that World War III this time our computer forecasts will destroy Western culture, They refuse to consider that they could lose even if they win – a Phyric Victory.

Neocon Coup

The real object has been to expand NATO up to the Russian border, which they vowed they would not do. Then, on March 12th, 1999, NATO Expanded into Eastern European Countries, creating their Join Alliance. In a historic post-Cold War geopolitical realignment, Hungary, Poland, and the Czech Republic officially became members of NATO, marking a significant shift in European security dynamics and symbolizing these nations’ strategic pivot away from Russian influence. They were lured into NATO under pretenses, for it is NATO that seeks to invade Russia – not the other way around.

Pax Romana 2

 

Athalarich Demoninations ArmstrongEconomics.COM_

Roman Empire lasted for 1,000 years not because of the threat of war from people like John Bolton but because of FREE TRADE that benefited everyone. It was more profitable to be part of the Roman Empire than to be on the fringe looking in. What we see is that the various economies on the fringe were always issuing imitations of Roman coinage. When the barbarians conquered Rome, they issued coinage pretending to be Roman as Athalaric (526-534AD) of the Ostrogoths.

Claudius AE As Comparison

Pupienus Indian Imitation Prototype Antoninianus

Valens AR Siliqua Genuine Gothic Imitation

 

Market Talk – February 24, 2025

February 24, 2025

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 closed
• Shanghai decreased 6.09 points or -0.18% to 3,373.03
• Hang Seng decreased 136.31 points or -0.58% to 23,341.61
• ASX 200 increased 12.00 points or 0.14% to 8,308.20
• SENSEX decreased 856.65 points or -1.14% to 74,454.41
• Nifty50 decreased 242.55 points or -1.06% to 22,553.35
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00068 or 0.11% to 0.63643
• NZDUSD increased 0.00089 or 0.16% to 0.57484
• USDJPY increased 0.102 or 0.07% to 149.439
• USDCNY decreased 0.00192 or -0.03% to 7.25053
The above data was collected around 13:21 EST.
Precious Metals:
•  Gold increased 11.64 USD/t oz. or 0.40% to 2,945.64
•  Silver decreased 0.24 USD/t. oz. or -0.74% to 32.269
The above data was collected around 13:23 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
•  CAC 40 decreased 63.52 points or -0.78% to 8,090.99
•  FTSE 100 decreased 0.39 points or 0.00% to 8,658.98
•  DAX 30 increased 138.37 points or 0.62% to 22,425.93
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00261 or 0.25% to 1.04856
• GBPUSD increased 0.0017 or 0.13% to 1.26500
• USDCHF decreased 0.0029 or -0.32% to 0.89605
The above data was collected around 13:27 EST.

US/AMERICAS:

US Market Closings:

  • Dow advanced 33.19 points or 0.08% to 43,461.21
  • S&P 500 declined 29.88 points or -0.5% to 5,983.25
  • Nasdaq declined 237.08 points or -1.21% to 19,286.92
  • Russell 2000 declined 17.08 points or -0.78% to 2,178.27

 

Canada Market Closings:

  • TSX Composite advanced 4.23 points or 0.02% to 25,151.26
  • TSX 60 declined 0.12 of a point or -0.01% to 1,514.24

 

Brazil Market Closing:

  • Bovespa declined 1,738.09 points or -1.37% to 125,389.97
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil increased 0.356 USD/BBL or 0.51% to 70.756
•  Brent increased 0.401 USD/BBL or 0.54% to 74.831
•  Natural gas decreased 0.2601 USD/MMBtu or -6.14% to 3.9739
•  Gasoline decreased 0.0172 USD/GAL or -0.85% to 2.0148
•  Heating oil decreased 0.0015 USD/GAL or -0.06% to 2.4301
The above data was collected around 13:30 EST.
•  Top commodity gainers: Feeder Cattle (1.64%), Live Cattle (0.72%), Orange Juice (0.70%) and Cheese (2.92%)
•  Top commodity losers: Zinc (-2.67%), Cocoa (-9.17%), Palladium (-3.84%) and Natural Gas (-6.14%)
The above data was collected around 13:36 EST.
BONDS:
Japan 1.4280% (+0.05bp), US 2’s 4.17% (-0.029%), US 10’s 4.3970% (-3.3bps); US 30’s 4.66% (-0.026%), Bunds 2.4895% (+2.7bp), France 3.224% (+0.55bp), Italy 3.5540% (+0.1bp), Turkey 26.14% (-29bp), Greece 3.309% (-0.1bp), Portugal 3.02% (+3.45bp); Spain 3.166% (+2.6bp) and UK Gilts 4.5730% (-0.36bp)
The above data was collected around 13:39 EST.

The German ELections – Massive Fraud?

February 24, 2025

EU_Could_German_election_result_be_annulled_Euro_Weekly_News

I have been getting numerous reports of serious fraud in the German election. The fact that Mertz refused to form a coalition with AfD is being viewed as a confirmation of massive fraud. Nonetheless, the AfD and Germany’s Left party jointly secured one-third of the seats in the new parliament that is required to block changes to the constitution, which will help to prevent Mertz from trying to outlaw what they call the far-right, which is anti-immigration which is precisely what BRIXT was all about. Europe as a whole has been on this suicide mission, and they are approaching the 112-year cyclical turning point in 2027 that will most likely start the collapse of the EU. The EU has already made it clear that they were not about to accept a victory for AfD, which would essentially be another BREXIT.

As one read wrote from Germany:

“I doubt whether Mr. Merz would have won without the election fraud in the country. Added to that are the 3.5 million votes from people living abroad who weren’t able to vote because the documents arrived too late! “

 

 

Another reader sent in this video. We cannot verify that this is correct. We will continue to investigate, but the emails are pouring in that the 2025 Germany election seems like the US 2020 election.

French Economy Minister Admits Politics Worsening Deficit

February 24, 2025

BankofFrance

French Economy Minister Eric Lombard is eager to lower the public deficit with an aim of 5.4% of GDP in 2025 followed by 3% into 2029. The European Union requires member states to maintain a budget deficit below 3% but only 17 of the 27 members have met that target. France is the largest European economy failing to maintain this goal as they grapple with ever-rising government debt.

“We are going to work with all the political parties … to discuss, to talk with us. We are going, also, to work with the unions, with the employers, in order to reach a consensus on the main policies that are key for the country, and policies on which we can make adjustments that will allow us to spend less in 2026,” Lombard said, later admitting that politics have had a “negative impact on growth.”

The economy experienced a 0.1% contraction during Q4. The Bank of France expects the economy to grow by 0.1% to 0.2% in Q1 of this year, while the IMF predicts the economy will rise by 0.8% for the year.

2024_06_01_Macron France_leads_initiative_on_sending_military_trainers_to_Ukraine

France is facing a fiscal crisis of its own making. The government has consistently failed to address the core structural issues, instead relying on higher taxes and superficial spending cuts, which only serve to undermine economic growth. The public deficit, now surpassing 5.6% of GDP, is spiraling out of control, and the government’s projections to bring it under the EU’s arbitrary 3% threshold by 2029 are nothing more than wishful thinking. History has shown that governments never truly cut spending—they merely shift the burden through taxation, stifling private sector expansion.

The reality is that France, like much of Europe, is caught in a vicious cycle of excessive government intervention, anti-business policies, and high taxation, all of which discourage capital formation. Pension funds are vanishing. Political instability and declining tax revenues have exacerbated the deficit, yet the solution proposed is always the same—more taxes, more regulations, and empty promises of austerity.

Nothing is more inflationary than war, and Macron is eager to send off French troops to Ukraine as he closely aligns with Brussels to spur on the next major war. Confidence will decline, capital will flee, and interest expenditures will continue to rise. France risks a debt crisis that will only accelerate the collapse of the EU’s financial system. As I’ve warned before, the trend is clear: governments refuse to reform until they are left with no choice. The question is not if, but when, France will face the reckoning of its fiscal mismanagement.

White House COVID Coordinator: Vaccine Was NEVER Meant to Prevent Infection

February 24, 2025

Mandatory Vaccine

White House Coronavirus Response Coordinator Dr. Deborah Birx has come out to say that “the science” has “done wrong in public health.” Vaccine hesitancy rates have been rising since it was exposed that the mRNA vaccine did more harm than good. Birx has admitted that the COVID vaccine was never meant to be a preventative measure.

“The science” should not have forced the general population to take an experimental vaccination, Dr. Birx admits. The vaccine was initially designed, allegedly, to protect people “at risk for severe disease” and/or those over 65 with comorbidities. Even then, the vaccine did not protect any segment of the population from transmission and infection. So the most vulnerable in the population were not only still exposed to COVID-19, but they were then at risk for developing potentially fatal side effects brought on by the vaccine itself.

A December poll by Pew Research found that 60% of Americans would not take another booster vaccine. Every dataset shows vaccine hesitancy rates rising, but Dr. Birx believes that overall vaccination rates have fallen by 50%.

“The childhood vaccines, like many of the diseases, you get it once, you don’t get it again,” she explained. “And this is getting the children to have that disease without getting the deadly consequences. That is not what the COVID vaccine was designed to do. It wasn’t designed to prevent infection, and if you look at the vaccine hesitancy rates, they’ve doubled since COVID.

2021_Biden_Unvaccinated_people_are_costing_all_of_us_presses_Covid_shot_mandates

The public was aggressively told that the vaccine was the ONLY way to survive the pandemic. We WERE told that the vaccine would prevent infection and anyone who declined was putting the entire public at risk. Then the truth behind the Wuhan lab leak was exposed. Dr. Anthony Fauci admitted that there was no science behind social distancing, masking, and lockdowns. Public trust in the government has completely shattered.

There has been a resurgence in diseases like the measles as parents are understandably hesitant to vaccinate their children. I, for one, will no longer take the annual flu vaccination. It has never prevented anyone from contracting the flu, but they say, “Oh, don’t worry. The flu would have been worse if you didn’t take the vaccine.” Countless doctors have told me that I was wise for refusing the COVID jab since they have seen countless patients come in with side effects.

Buttigieg Against DEI

February 24, 2025

Former Biden Transportation Secretary Pete Buttigieg chastised the practice of DEI initiatives while speaking to the DNC Chair. That’s correct – the same forum that blamed Kamala’s loss on racism and misogyny. Buttigieg recently moved to Michiga,n where he is expected to run for state governor. The Democrats are turning on the very policies they aggressively pushed after realizing the people will no longer vote for woke insanity.

Pete Buttigieg said: “What do we mean when we talk about diversity? Is it caring for people’s different experiences and making sure no one is mistreated because of them, which I will always fight for? Or is it making people sit through a training that looks like something out of Portlandia, which I have also experienced, and it is how, it is how Trump Republicans are made if that comes to your workplace with the best of intentions, but doesn’t actually get at what actually matters here.”

Apparently, DEI initiatives create “Trump Republicans” as people want to be judged on their character and qualifications rather than their race or sex. Pete Buttigieg is the DEFINITION of a DEI hire. He had absolutely no qualifications to lead the nation’s transportation sector. Biden cheered that Pete would become the nation’s first openly gay person to be confirmed by the Senate to a Cabinet position. Biden said he was appointing Pete to be in his “Cabinet of barrier-breakers” and openly said he was there “BUILD BACK BETTER.”

What qualifications did he have other than diversity? Some say that he helped handle some transportation issues while acting as mayor of South Bend, Indiana. Certainly, that could not be the BEST American for the job.

The Federal Aviation Administration (FAA) recently lashed out at DEI quotas, partially blaming the program for the recent Delta plane crash. “You couldn’t fill the role rather than us just simply saying, we need the best and brightest individuals, and we’re going to hire you specifically on merit. We’re going to train you specifically on merit,” Senator Markwayne Mullin stated. As a result, class sizes shrank to 80% to 70% of capacity to maintain DEI required ratios. “So Pete Buttigieg carries no credibility. The only reason why he was there was probably because of DEI to begin with,” Mullin said.

Now, Buttigieg is pivoting his stance completely. Yet, as Transportation Secretary, he established the Advisory Committee on Transportation Equity (ACTE) to force employees to undergo civil rights and equity training; he repeatedly apologized for having too many White people in his office. During his 2020 campaign for president, he openly stated that he wanted minorities to vote for him. “I need help, so the black voters who know me best, the people of South Bend, helped return me to the office by an overwhelming margin,” Buttigieg begged.

Following more of his speech at the DNC Chair:

“If we were more serious about the actual values and not caught up in vocabularies and trying to cater to everybody only in terms of their particular slice of combinations of identities versus the shared project. Actually if we thought about it a little bit differently, things like diversity would be actually an example of how we reach out beyond our traditional coalition.”

Politicians will claim to support any agenda that garners votes. Pete Buttigieg moved up the political ranks as a direct result of DEI hiring practices and now he is criticizing his own party for becoming “caught up in vocabularies” and not focusing on “actual values.” Expect more “progressives” to switch their stance and pretend they never supported the woke madness.

The Financial Crisis of the 1890s

February 24, 2025

SV PUCK Silver Democrats R

QUESTION: Hi Martin,
You have mentioned over and over that J.P. Morgan had to bail out the US Government in the late 1890’s with gold, which was US money at that time. Can you explain to us how the US economy could be strong at that time when the US Government went broke collecting tariffs on imports?
Chaz
ANSWER: The economy was strong, it was the silver democrats who overvalued silver taking bribes from the silver miners. That led to the arbitrage silver was pouring into the USA and swapped for gold. The insolvency was not from domestic debt but from the overvaluation of silver, and gold was the international settlement – not silver.
Cleveland
Today, we are in a debt crisis. This is economically different. The Panic of 1896 was about foreign exchange and the Democrats trying to inflate the economy with silver as they are still trying today with endless spending and no accountability. This led to their attack on the gold standard and the 1893 march on Washington that became the Wizard of Oz. See:
Panic 1896
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