Trump Announces Matt Gaetz as Pick for Attorney General


Rep. Matt Gaetz (R-FL) will be Donald Trump’s nominee for Attorney General, the top law enforcement officer in the land.

Gaetz is one of Trump’s most ardent defenders in Congress and traveled across the country campaigning for the president. His nomination sends the clear message Trump is serious about his commitment to “drain the Swamp” of Washington.

“It is my Great Honor to announce that Congressman Matt Gaetz, of Florida, is hereby nominated to be The Attorney General of the United States,” Trump posted on Truth Social. “Matt is a deeply gifted and tenacious attorney, trained at the William & Mary College of Law, who has distinguished himself in Congress through his focus on achieving desperately needed reform at the Department of Justice.”

Trump continued,

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. 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 is a Champion for the Constitution and the Rule of Law,” Trump said.

Gaetz tweeted “It will be an honor to serve as President Trump’s Attorney General!”

Gaetz developed a high profile in Congress through his tough questioning on the House Judiciary Committee of Biden administration officials.

Gaetz may face a difficult confirmation battle, although Trump is almost certain to push any recalcitrant Senators hard to assure Gaetz’s confirmation.

“I’m all about counting votes, and I would think that he’s probably got some work cut out for him,” Sen. Thom Tills said, according to Politico, adding “We’re not going to get a single Democrat.”

Gaetz, one of the most well-known conservative figures in Congress, is certain to have a groundswell of grassroots support.

Trump continued praising Gaetz in, making clear how he will use Gaetz in the role.

“Matt will root out the systemic corruption at DOJ, and return the Department to its true mission of fighting Crime, and upholding our Democracy and Constitution,” Trump said in a subsequent post. “We must have Honest, Integrity, and Transparency at DOJ. Under Matt’s leadership, all Americans will be proud of the Department of Justice once again.”

Bradley Jaye is a Capitol Hill Correspondent for Breitbart News. Follow him on X/Twitter at @BradleyAJaye.

Originally Posted At www.breitbart.com


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Visualizing 80 Years Of The Gold-to-Oil Ratio

Visualizing 80 Years Of The Gold-to-Oil Ratio

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.

This graphic, via Visual Capitalist’s Niccolo Conte, shows the gold-to-oil ratio since 1946, using data compiled by Macrotrends.

What is the Gold-to-Oil Ratio?

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.

If you enjoyed this graphic, make sure to check out this graphic that shows the top countries by natural resource value.

Tyler Durden
Thu, 11/21/2024 – 18:00

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