Mike in the Night E495, Tens of thousands of demonstrators protest against Netanyahu's 'judicial reforms' for 14th consecutive week, Global bankruptcy, World Wide Protests, Youth Dying in Mass

Tens of thousands of protesters have rallied across the occupied territories for the 14th straight week, condemning the highly contentious "judicial reforms" proposed by Israeli Prime Minister Benjamin Netanyahu.

The biggest demonstration was held in the coastal city of Tel Aviv on Saturday, with the participants chanting slogans against the so-called overhaul plan.

Protesters brandished signs reading, "Freedom for all!" and "Netanyahu is leading us to war."

"We're still going to come here and say loud and clear that we will not let this reform pass," one protester told Reuters.

Other smaller demonstrations took place in the cities of Kfar Saba and Haifa, respectively in the central and northern parts of the occupied territories, as well as in the holy occupied city of al-Quds.

Organizers said around 258,000 people attended the protest rallies, but the regime's authorities gave no figures of their own.

Netanyahu paused the reforms last month, which were receiving rubberstamp approval in the Knesset, as the protests showed no sign of abating and were even compounded by a wave of strikes.

Political pressure growing on Netanyahu to pause judicial overhaul
Political pressure growing on Netanyahu to pause judicial overhaul
Top lawmakers from Israeli prime minister Benjamin Netanyahu
The changes seek to give members of the regime's extremist cabinet nearly unchecked power over the Supreme Court by enabling them to easily overrule the court's decisions.

The proposals also seek to give Netanyahu's cabinet effective control over the appointment of the Supreme Court's judges.

Protesters rail at Israeli premier's ‘judicial reforms’ for 13th straight week despite suspension
Protesters rail at Israeli premier's ‘judicial reforms’ for 13th straight week despite suspension
Tens of thousands hold fresh protest against Netanyahu
The cabinet, however, a coalition between Netanyahu's Likud party and extreme-right and ultra-Orthodox parliamentary allies, argues that the changes are needed to rebalance the power between legislators and the judiciary.

Also last month, Netanyahu announced the firing of his minister for military affairs, Yoav Gallant, who had cited a threat to the regime's security because "the growing social rift" that had emanated from the proposals, had made its way into the army and security agencies.

The latest in a series of protests against the plan came as Israel faces a sharp rise in tensions on several fronts during the Muslim holy month of Ramadan.

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Mike in the Night E495 - Global bankruptcy, World Wide Protests, Youth Dying in Mass

It’s really that simple.

In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking a return fuels red-hot demand for conventional assets considered “safe investments” (real estate, blue chip stocks and bonds), demand of which given the limited supply of “safe” assets pushes valuations of these assets to the moon.

In the euphoric atmosphere generated by easy credit and a soaring asset valuations, some of the easy credit sloshes into marginal investments (farmland that is only briefly productive if it rains enough, for example), high-risk speculative ventures based on sizzle rather than actual steak and outright frauds passed off as legitimate “sure-fire opportunities.”

The price people are willing to pay for all these assets soars as the demand created by easy credit increases. And why does credit continue increasing? The assets rising in value create more collateral, which then supports more credit.

This self-reinforcing feedback appears highly virtuous in the expansion phase: The grazing land bought to put under the plow just doubled in value, so the owners can borrow more and use the cash to expand their purchase of more grazing land.

The same mechanism is at work in every asset: homes, commercial real estate, stocks and bonds. The more the asset gains in value, the more collateral becomes available to support more credit.