#NYC High School #Soccer Game Cancelled After #Migrants Refuse to Leave The Field https://www.zerohedge.com/markets/nyc-high-school-soccer-game-cancelled-after-migrants-refuse-leave-field

California faces significant challenges when it comes to housing costs Housing Costs and Homelessness in California California faces significant challenges when it comes to housing costs and homelessness. Home values and rents in the state are among the most expensive in the nation, leading to a high rate of homelessness. Californians are increasingly concerned about these issues, with more than a third saying they have considered leaving the state due to housing costs High Housing Costs and Rent Increases The housing crisis in California is not limited to specific regions but is a statewide challenge. While cities like San Diego, San Francisco, and Los Angeles have some of the toughest rental markets in the country, other cities like Sacramento and Fresno have also experienced significant rent increases Many low-income families in the Central Valley spend more than 30% of their income on rent, leading to financial strain . Additionally, California ranks worst in the nation in terms of renter overcrowding Impact on Homelessness The lack of access to affordable housing has a direct impact on homelessness in California. The state has a shortage of nearly 1 million units affordable to extremely low-income renters alone As a result, 1.6 million renter households spend more than half of their income on housing. Homelessness is a complex issue, but the high housing costs and lack of affordable options contribute significantly to the problem Other Factors Contributing to Homelessness While expensive housing is a major factor, other issues also contribute to homelessness in California. These include income inequality, poverty rates, racial discrimination in rental housing, and over representation in the criminal justice and child welfare systems Eviction protections and emergency rental assistance have been implemented to address the issue, but challenges remain. Conclusion The high housing costs and rents in California, coupled with a shortage of affordable housing, contribute to the state's homelessness crisis. The impact is felt statewide, with many low-income families struggling to afford housing and experiencing overcrowding. Addressing these issues requires a multifaceted approach that includes increasing the supply of affordable housing, addressing income inequality, and providing support services to those experiencing homelessness.

Israel Attacks Iran, Iran Widens War, Economy Tanks - Greg Hunter https://rumble.com/v4qbx96-israel-attacks-iran-iran-widens-war-economy-tanks.html A deadly, out-of-control war in the Middle East became a reality this week. Israel attacked Iran. Iran released a massive counter-attack on Israel. And now, Israel has attacked multiple Iranian targets, including Iran’s nuclear facilities in the center of the country. Where will it stop? Now, Iran is vowing to attack Israel’s nuke sites. Many have been warning for months about a conflict that could bring on World War III. Is this it? It sure looks like it. The markets are tanking on war news between Iran and Israel. This is at a time when interest rates are rising. The Fed talked about lowering rates three times this year. This week, they say no rate cuts are coming in 2024 because of high and persistent inflation. Of course, war is a huge driver of inflation, and we are just getting started. Gold and silver look like they have a long way to go on the upside, and stocks and bonds have a long way to go on the downside. Many people will be calling their broker and getting a busy signal–that’s if the markets are not completely shut down. Many will be caught on the wrong side of this economy because there is no fear to downside risk. The sheeple are going to be getting a huge lesson on managing risk. There is no telling where this will go, but a crashing economy is definitely on the table, if war does not kick the table completely over.

The current federal rate is at 5.33% and has been for months. If they lower it, the market will crash. If they raise it, the market will crash. Keep your eyes open, there's more to come. https://www.newyorkfed.org/markets/reference-rates/effr

Crypto company Ripple's Chief Executive Officer (CEO) Brad Garlinghouse said he expects the combined market capitalization of the cryptocurrency market to double by the end of 2024 and top $5 trillion, driven by macro factors, the approval of the US spot bitcoin ETFs and the upcoming bitcoin halving. "You're seeing that drives demand, and at the same time demand is increasing, supply is decreasing," Garlinghouse told CNBC. "That doesn’t take an economics major to tell you what happens when supply contracts and demand expands," he added. Garlinghouse also expressed optimism regarding the shift in the United States officials' stance on cryptocurrencies. "The US is still the largest economy in the world, and it's unfortunately been one of the more hostile crypto markets. And I think that’s going to start to change," the CEO concluded.

"According to a recent Federal Reserve report, an international agreement reached in the 1990s mandates, need a new system banking regulations. These modifications aim to align national policies with globally established standards. Despite long-standing opposition from influential banking institutions, the proposed changes are expected to take effect by the end of the year. The reforms primarily focus on restricting banks' lending capabilities, ensuring they conform to universal guidelines. It is crucial for the Federal Reserve to have a strong leader who can resist pressure from powerful financial institutions and safeguard the stability of America's financial system." The integration of the international financial system has led to large, globally active firms operating within a system of national government and regulation. While there is no realistic prospect for a global banking regulator, the responsibility and authority for financial stability continue to rest with national or regional authorities. The challenge lies in effectively sharing oversight of these large firms among regulators. Varying forms of regulation across countries are reasonable, considering different economic circumstances, currencies, and levels of depth and development in banking and capital markets. Even between the United States and the European Union, legitimate differences exist within the broader convergence around minimum regulatory and supervisory standards developed at various forums. The financial crisis exposed vulnerabilities created by foreign banking operations, and the Basel Committee and national regulators were slow to respond to the expansion in scale and scope of the world’s largest banking organizations. Addressing these vulnerabilities requires thoughtful coordination and effective supervision of international activities by U.S. banking organizations. In summary, the Federal Reserve’s role in regulating international banking activities is critical, and strong leadership is essential to navigate the complexities of global financial systems and ensure stability.

https://www.reuters.com/markets/commodities/us-funding-bill-blocks-china-buying-oil-strategic-petroleum-reserve-2024-03-03/

"If he's elected, the stock markets will crash." Jeff Bezos sells off a lot of his stock recently. Is the crash coming? #EnjoyTheShow

2024: The Year from Political Hell – Martin Armstrong Greg Hunter https://rumble.com/v4dviux-2024-the-year-from-political-hell-martin-armstrong.html Legendary financial and geopolitical cycle analyst Martin Armstrong is predicting political turmoil, civilian unrest, war and a big economic downturn in 2024 in a new report called “The Year from Political Hell.” It’s not just a US election year, but it is an election year for more than half of the world. This is a global phenomenon which no one can be sure of the outcome. Armstrong explains, “This is not just the United States election. This is what you hear on the news locally. However, step outside this country, and for example, Indonesia just voted in a leftist government. You have the EU going for elections. You have on May 2nd all the local elections in Britian. You have Russian elections on May 7th. 60% of the world are going to the polls in 2024 to vote for a new government. You might as well throw them into a tumbler, shake well and see what comes out. I mean it’s all over the place.” On the war front, get ready for more mass killing, and don’t be surprised if it goes nuclear. Armstrong predicts, “There will be nuclear weapons. The neocons keep telling people on Capitol Hill that Russia would never use a nuke because they know we would use them back. That is nonsense! If you are about ready to concuer somebody, and this is all they got left, they are pushing the button. . . . These people, all they want is war. They don’t care. They really do not care. They don’t care about the economy. They don’t care about anything.” Armstrong says the coming war will make the economy “crash in 2024,” as people get scared and spend a lot less and save a lot more. Armstrong says, “What we are looking at is a contraction in spending because of uncertainty. This is what these neocons are creating, and they don’t want to listen to anybody, and it is just their agenda, and they don’t care what happens to the country. . . .We are looking for a contraction of 12% to 18%. GDP is not going to be rising, but you are going to find inflation still rising.” Armstrong says, also look for “a rebellion in government debt” as people lose faith in government around the world. This rebellion in government issued debt will include US Treasuries, according to Armstrong. This means interest rates will continue to trend upward and not downward. On volatility in the markets, Armstrong predicts, “Look for volatility to start around July and there may be some false flags too.” Armstrong continues to say Trump is still looking like he can “win in a landslide in 2024,” but expect the Deep State to pull every dirty trick in the book to keep him out of office. Armstrong points out, “If Trump gets back in power, they are all fired. . . . They know they are losing power. Instead of reforming and doing the right thing, they clamp down and they think they can retain power by pressing us even more. Sorry, but that’s what creates revolution.” In closing, Armstrong says, “Pretty much everything is going wrong for the Deep State. . . . confidence in government has collapsed everywhere.” This is what makes the Deep State Dems, RHINOs and Neocons very dangerous. By the way, Armstrong says he would be a buyer of physical gold to hold as a core asset.