Matt Gaetz Resigns from Congress After Trump Nominates Him as Attorney General


Rep. Matt Gaetz (R-FL) has resigned from his congressional seat after President-elect Donald Trump nominated him to serve as Attorney General in his administration.

House Speaker Mike Johnson (R-LA) announced and confirmed that Gaetz’s resignation was “effective immediately” and that a special election will be held in his congressional district.

Mike Johnson revealed that Gaetz stepped down from his post due to a state law that gives an “8-week period to select and fill a vacant seat.”

“If you start the clock now, if you do the math, we may be able to fill that seat as early as Jan. 3 when we take the new oath of office for the new Congress,” Johnson explained of Gaetz’s reasoning.

“He’s a reformer in his mind and heart, and I think he’ll bring a lot to the table on that,” Johnson added.

Trump formally nominated Gaetz to oversee the Department of Justice (DOJ) Wednesday afternoon.

“Few issues in America are more important than ending the partisan Weaponization of our Justice System. Matt will end Weaponized Government, protect our Borders, dismantle Criminal Organizations and restore Americans’ badly-shattered Faith and Confidence in the Justice Department,” he said.

“On the House Judiciary Committee, which performs oversight of DOJ, Matt played a key role in defeating the Russia, Russia, Russia Hoax, and exposing alarming and systemic Government Corruption and Weaponization,” he added.

Gaetz raised hell in Washington, DC, in 2023 with a motion to vacate then-Speaker Kevin McCarthy, which prevailed and ousted the California Republican from presiding over the House of Representatives.

Originally Posted At www.breitbart.com


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    Gold and oil – two of the most influential commodities on the planet – have a fascinating relationship that has evolved over decades, captured in the gold-to-oil ratio.

    The gold-to-oil ratio represents the number of barrels of crude oil equivalent in price to one troy ounce of gold.

    It is viewed as an indicator of the health of the global economy, indicating when gold or oil prices are significantly out of balance with each other.

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    The gold-to-oil ratio expresses the price relationship between gold and West Texas Intermediate (WTI) crude oil. WTI is a grade of crude oil and one of the three primary benchmarks for oil pricing, along with Brent and Dubai Crude.

    A high ratio indicates that gold is relatively expensive compared to WTI crude oil, and vice versa. This can indicate periods of outsized demand for energy in the form of crude oil, or periods of monetary uncertainty when there is higher demand for gold.

    Below is the gold-to-oil ratio every decade between 1946 and 2024.

    During the 1950s and 1960s, fixed gold prices and stable oil prices kept the ratio between 11 and 13 for 20 years.

    Since the 1980s, the ratio has typically traded within the range of 6 to 40 with a notable exception: in 2020 when the ratio reached a high of 91.1. The peak in 2020 was driven by COVID-19, which boosted gold prices as a safe haven while oil demand and prices plummeted due to global lockdowns.

    In contrast, between 2000 and 2008, oil prices were relatively high compared to gold. During this period, the ratio dropped to nearly 6 but never rose above 16.

    When comparing the two commodities, it’s worth remembering that the crude oil market is around 10 times larger than that of gold, making it the largest commodity market in the world.

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