Today’s News 27th October 2024

  • The Atlantic Council Has Big Plans For A War Between The US And Iran
    The Atlantic Council Has Big Plans For A War Between The US And Iran

    Authored by Brandon Smith via Alt-Market.us,

    Globalists as an organized entity have a habit of shifting their efforts between various false-front institutions in order to avoid significant scrutiny. For example, in 2020 they ramped up the fear machine on the covid pandemic and the World Economic Forum took a lead role in that effort. Klaus Schwab was all over the media using covid as an excuse to promote every authoritarian measure imaginable.

    When that agenda failed (lockdowns blocked, mask mandates ignored, vaccine passports defeated and the CDC caught inflating vaccination numbers), the WEF and Klaus Schwab conveniently disappeared from the media radar.

    When globalists tried to permanently establish ESG as a way of life for corporations, they introduced the Council For Inclusive Capitalism, run by Lynn de Rothschild and partnered with the Vatican. When ESG was exposed for what it really is (a bridge to full bore communism in which corporations enforce far left social engineering), the CIC vanished from the limelight as quickly as they appeared.

    That said, there is one globalist group that has consistently been in the background during most of these operations – The Atlantic Council. Whenever there’s a propaganda push in play to misdirect the western public, whenever there’s a policy initiative to take away your freedoms, whenever there’s a regional war that might explode into a world war, I always end up finding the fingerprints of the Atlantic Council.

    The council was deeply involved in covid propaganda from 2020 onward and they also have their hands in climate change propaganda, but their bread and butter is regional proxy wars.

    In my recent article ‘Globalists Are Trying To Escalate The Ukraine War Into WWIII Before The US Election’, I outlined how the council is deeply interwoven into the escalation of the Ukraine war through their Eurasia Center and their Scowcroft Center. They have been stoking conflict in the region for at least a decade with the intention of drawing NATO forces into a direct confrontation with Russia.

    In a report published by the Atlantic Council in 2014 titled ‘A Roadmap for Ukraine: Delivering on the Promise of the Maidan’, the group notes:

    “Last fall, as Ukrainians massed on the Maidan to demand a better government and closer ties to Europe, the Atlantic Council began to mobilize on Ukraine. An Atlantic Council delegation visited Warsaw and Kyiv in March to map out our strategy, and during the visit of Ukrainian Prime Minister Arseniy Yatsenyuk to the Council that same month, we launched a one hundred- day campaign to galvanize the transatlantic community behind Ukraine’s democratic future in Europe.

    As the crisis worsened, we convened at the highest levels, making vital connections between Ukrainian, American, and European policymakers and thought leaders. We deployed our substantial expertise to launch “red team” exercises that anticipated Russia’s actions and outlined strategies to respond to likely scenarios. Our rapid response working groups (“tiger teams”) made recommendations on issues fundamental to Ukraine’s success. An Atlantic Council delegation delivered this report, which brings all of these findings together, to Prime Minister Yatsenyuk and other leaders in Kyiv the first week of July. The findings are also being shared with American and European policymakers…”

    On Ukraine’s security policy, the Council advised both NATO and Ukraine officials.  The document goes on to outline how NATO could covertly and overtly engage with Ukraine to strengthen their chances of joining with the EU over time; a move which Vladimir Putin claims was one of the very reasons for his invasion of the Donbas.  Finally, the paper described how NATO could foster a proxy war against Russia through Ukraine without directly declaring war on Russia.  As the Council states:

    “Russia’s aggression provides an opportunity of strategic clarity and urgency that should be used to expedite building a robust, modern, and capable Ukrainian defense and security establishment…”

    I believe the Atlantic Council is a root instigator behind every globalist scheme to trigger a larger war between the East and the West. Their ideal scenario seems to be the creation of a proxy conflict that acts as a first domino in a chain that leads to world war, a bit like DARPA’s “Linchpin Theory” which I have written about in the past.

    To be clear, the council is not only interested in Ukraine and Russia. They’re happy to embroil Americans in a larger war wherever they can.

    This past week, the Atlantic Council has published another war scenario report dealing with Iran titled ‘The Future of US Strategy Toward Iran: A Bipartisan Roadmap For The Next Administration’. The goal of the report is to influence a new defense doctrine with a mission to insert the US directly in the middle of the burgeoning war between Iran and Israel.

    As the report states:

    In simple terms, the goal was to develop a US policy toward Iran, not a Democratic or Republican one. We termed the effort the Iran Strategy Project (ISP). And when we began recruiting experts to join our advisory committee and working group, we did so with two overriding principles in mind. First, ideological diversity and bipartisanship could not just be talking points—they were requirements. The wild swings of US policy toward Iran over the last decade created significant policy gaps that Iran exploited to more rapidly advance its regional malign influence and nuclear program…”

    The assumption in the notion of a “bipartisan” posture on Iran is that there is common ground to be harvested between conservatives and leftists when it comes to war in the region. To be sure, the Democrats and the Neo-Cons are in full agreement on most things.  But Neo-Cons are not conservatives and the political base on both sides of the aisle has little interest in another war in the Middle East.

    The wild card here is Trump. The establishment media reports that Iran hacked the Trump campaign’s election strategies and gave them to the Harris camp. There are also rumors spread by US intelligence agencies that Iran was working to have Trump assassinated.  Are these claims true? There’s little public evidence available to prove it.

    Maybe Iran really wants to take Trump down. Or, maybe this is part of a plot to ensure that Trump backs a full blown war with Iran should he win the election.  Trump has said repeatedly that he intends to end the war in Ukraine upon his return to the White House. This would ruin over a decade of planning by the Atlantic Council. But what if they can sink the US into a different conflict with the same potential for a world war? That’s what Iran is – Another linchpin.

    The council asserts that they will seek to tie the US inexorably to the fate of Israel by positioning a permanent American military force in the region:

    Deterring the threat posed by Iran and its proxies requires a multifaceted approach that includes maintaining an adequate military presence in the region and a willingness to respond with appropriate force to attacks on US interests and those of US allies; working with allies to enhance cooperation on regional security; collaborating with partners on ways to reduce conflicts and instability that create openings for Iran to exploit; and expanding security cooperation beyond traditional realms.”

    They also want the US to create its own red line declaration; if Iran obtains nukes, then Iran must be destroyed (keep in mind, it is confirmed that Israel already has its own nuclear arsenal).

    “The United States needs to maintain a declaratory policy, explicitly enunciated by the president, that it will not tolerate Iran getting a nuclear weapon and will use military force to prevent this development if all other measures fail. To support this policy, the United States should refrain from stressing that it does not seek conflict with Iran; announce that it will conduct yearly joint exercises with Israel, such as Juniper Oak.”

    Juniper Oak was a joint live fire war exercise organized by US and Israeli defense forces in 2023 which is viewed as a theoretical trial run for an attack on Iran. War between Iran and the US has been a sought after outcome for globalists for a long time, but it seems to me that they are particularly interested in roping Trump into the agenda.  The following statement from the Atlantic Council report is highly suspicious:

    Because assassination plots against current or former US officials are a direct threat to US sovereignty, and in order to enhance deterrence, the United States needs to consider a standing policy of a kinetic military response against Iran in retaliation for a successful—or even close to successful—plot…”

    This seems to be a direct reference or message to Trump concerning the rumors of Iran contracting his death. Given there have been at least two assassination attempts on Trump so far, I would not be surprised if after he wins the election new information is suddenly released linking Iran to at least one attack.  I would also expect a major terror attack in the US within the next year (real or false flag).

    This is not to say that Trump wants war; I can’t make that claim one way or the other yet.  To his credit he was one of the few presidents that avoided the expansion of US conflicts during his first term. But as I warned back in 2016, he had a LOT of ghouls in his cabinet whispering in his ear. Keeping the Atlantic Council (among others) away from the Oval Office and Trump should be a priority in 2025.

    The council appears to be positioning for a war under either administration – A war with Russia under Harris or a war with Iran under Trump.  I’m not a fan of Islamic fundamentalism, but a conflict between the US and Iran is exactly what the globalists want because it can easily metastasize like a cancer.

    The council notes that there are already 40,000 US troops spread across the Middle East, and that this force could be reorganized into a contingent for rapid response to Iran, along with new troops added over time. Of course, they acknowledge that Iran’s situation has changed over the years, with far closer strategic associations with China and Russia:

    This requires recognition that Iran’s relationship with Russia and China has evolved in a manner that makes it difficult to convince either country to support new economic or military restrictions against Iran…”

    In other words, the council understands that a war with Iran could escalate into a larger conflict with Russia and perhaps China.

    The fight between Israel and multiple nations in the Middle East does not concern me. I have no stake in the success of either side. I’m an American and I care about America, but there are powerful people out there that WANT us to become invested in foreign wars. They want us to pick a side and they want us to cheer for American troops being sent to fight and die over these foreign conflagrations.

    The greater concern here is that one day these proxy wars and regional wars will explode into something that lands on our doorstep. In the past Americans have been lured into apathy when it comes to foreign entanglements because we never have to deal with them in our daily lives. They’ve always been out of sight and out of mind. In the next war, we may not have that luxury.

    *  *  *

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    Tyler Durden
    Sat, 10/26/2024 – 23:20

  • US Intelligence Says China Leading 'Rapid Expansion' Of Nuclear Arsenal
    US Intelligence Says China Leading ‘Rapid Expansion’ Of Nuclear Arsenal

    On Wednesday the US Defense Intelligence Agency (DIA) issued a new public intelligence estimate entitled “Nuclear Challenges 2024”. 

    The detailed 194-page document includes an overview of chief nuclear-armed powers and rivals of the United States, focusing especially on countries with “mature nuclear weapons programs” which are said to be “increasing stockpiles” or else “modernizing their legacy stockpiles by incorporating advanced technologies to penetrate or avoid missile defense systems” – such as North Korea.

    Xinhua via Getty Images

    “Countries are also developing nuclear weapons with smaller yields, improved precision, and increased range for military or coercive use,” the DIA says.

    One nation’s program is gaining the most attention as a result of the DIA report, and that’s China. The intelligence agency assesses the country under President Xi is undergoing a huge and rapid expanse of its nuclear arsenal, which is the biggest in its history, assuming the projection is accurate. 

    The “Nuclear Challenges 2024” assesses that China is on track to possess more than 1,000 operational nuclear warheads by 2030.

    The report contextualizes that this accelerated growth is being drive primarily by China’s strategic competition with the Untied States.

    Below is a section providing the DIA’s bird’s eye view summary of China’s nuclear arsenal plans and expansion:

    China. Beijing has far surpassed earlier growth estimates assessed in 2018, and is currently exceeding 500 deliverable nuclear warheads in its stockpile. By 2030, we estimate that China will have more than 1,000 operational nuclear warheads— most of which will be fielded on systems capable of ranging the continental United States. China probably also seeks lower-yield nuclear warhead capabilities to provide proportional response options that its high-yield warheads cannot deliver. For example, China is increasing its stockpile of theater-range delivery systems, such as the DF-26 intermediate-range ballistic missile (IRBM).

    Below is a current snapshot of the global nuclear stockpile situation, as it stood by middle of this year…

    You will find more infographics at Statista

    As Statista’s Anna Fleck reports, currently, there are estimated to be 9,585 nuclear warheads in military stockpiles for potential use across nine countries, with Russia and the U.S. accounting for 8,088 of these.

    There are also an estimated 2,536 retired warheads that are yet to be dismantled. China has added 90 nuclear warheads to its arsenal since January 2023, increasing from 410 warheads to 500.

    This is according to data from the peace research institute SIPRI. India and North Korea have also expanded their arsenals, bringing their total figures to an estimated 170 warheads and 50 warheads, respectively.

    The two European nuclear powers, France and the UK, together have 515 operational nuclear warheads. With the exception of North Korea, none of the nations in possession of nuclear warheads have tested them since the 1990s.

    Tyler Durden
    Sat, 10/26/2024 – 22:45

  • The Green New Scam Is Dying
    The Green New Scam Is Dying

    Authored by James Rickards via DailyReckoning.com,

    It’s no secret that the vast majority of the so-called elites are advocates of climate alarmism and are taken in by the Green New Scam.

    Whether this preference is based on ignorance of the science, ideological zeal, a willful desire to hurt American growth or simple greed because of their investments in Green New Scam infrastructure varies case by case.

    The typical upper-income supporter of the climate cult including academics, media figures and celebrities is probably ignorant of the fact that there is no evidence that CO2 emissions cause climate change and that the real causes are solar cycles, volcanoes, ocean currents and atmospheric moisture not caused by humans.

    Climate Alarmists Have It Backward

    The historical record actually demonstrates that warming periods produce higher CO2 levels — not the other way around. CO2 doesn’t cause warming. It’s caused by natural warming.

    In other words, climate alarmists have causation completely backward.

    Climate alarmism is based almost entirely on computer models, which depend on the inputs the modelers themselves build into them. A model is only as good as the inputs and assumptions programmed into it.

    Virtually every one of these models has overestimated warming, sometimes by orders of magnitude, because it’s based on faulty assumptions that overestimate the impact of CO2 on climate.

    In other words, it’s junk science. But they keep relying on these models because their political agenda requires it.

    Climate: The New Communism

    There’s no doubt that a fair number of neo-Marxists embrace the climate scam because they know it damages U.S. industry, raises costs to U.S. consumers and helps to undermine the U.S. economy.

    Following the end of the Cold War and the collapse of communism, anti-capitalistic collectivists admitted that they needed to promote the climate agenda because the only way to combat global warming is through collective action. It requires a coordinated global effort that limits national sovereignty.

    The neo-Marxists are impervious to evidence; they just want to hurt America and wasting money on windmills instead of building new refineries is a good way to do it. That leaves the greed crowd.

    The Real “Green” in the Green Agenda

    They’re early investors in windmills, solar modules, lithium car batteries, EVs, charging stations, carbon credits and other infrastructure of the climate scam. They stand to make billions of dollars off the narrative with help from extravagant government subsidies.

    They don’t really care if it all collapses in the end (which it will) as long as they get rich at taxpayer expense in the meantime. All of this behavior is clear as far as it goes. What is not clear is the extent to which the Green New Scammers are doing this with your money.

    The best example is multibillionaire Larry Fink, who runs the giant BlackRock investment fund. Fink has been aggressive in promoting the climate scam along with racial quotas, DEI and defunding police.

    He’s entitled to his opinions. But is he entitled to pursue his radical agenda with pension fund money from conservative states and institutions? Fortunately, a backlash has begun against Fink and his fellow wokesters.

    More state pension fund managers are beginning to pull their funds from BlackRock and other investment managers that pursue far-left policies not in the best interests of their beneficiaries. This backlash may not change Larry Fink’s lifestyle. But over time, it might change the world for the better.

    The EV Sham

    A major part of the climate agenda includes electric vehicles (EVs). I’ve been warning for years that EVs aren’t feasible as a transportation solution for more than relatively few Americans and that they are little more than glorified golf carts despite the $70,000-and-up price tags.

    In the first place, EVs don’t cut carbon emissions. The car itself does not have emissions, but it’s charged with electricity from power plants that do.

    The batteries are made with poisonous chemicals and metals including lithium, cobalt, copper and nickel that come from mining operations that use enormous amounts of water and electricity to extract the needed materials.

    It takes thousands of tons of ore to extract enough critical minerals to make one battery. EVs don’t take a charge in extreme cold, and the batteries can’t hold a charge. Travel range is grossly overstated for many reasons, including the fact that EV car heaters drain the batteries (with internal-combustion engines, ICEs, the engine makes heat which can easily be directed into the car to keep passengers comfortable with no additional energy required).

    Resale values of EVs are close to zero because buyers of used EVs have to shell out $25,000 or more for new batteries after the vehicle is about seven years old. The list of drawbacks goes on.

    Most Americans have resisted EVs because they understand the disadvantages. But many Americans were drawn to the false promise of emission-free transportation and other ridiculous claims by the Green New Scammers. Now even the most committed EV buyers are waking up.

    I Want My ICE Car Back

    A fairly recent survey by consulting firm McKinsey and Co. shows that 29% of EV owners in nine major economies want to return to ICE vehicles. When the sample is narrowed to just the U.S., 46% of those surveyed want to return to ICEs.

    The McKinsey officials who conducted the survey claimed to be “surprised” by those results. That probably says something about the fact that McKinsey experts were just as deluded about EVs as the buyers surveyed.

    When breaking down the results, 45% say EVs are too expensive, 33% say they have charging concerns and 29% are concerned about the limited driving range.

    The truth is that the EV was invented in 1837 and reached the peak of its popularity in 1910 just before the mass production of internal-combustion cars by Henry Ford. The American public got it right when they flocked to the Model T.

    It sounds like they’re getting it right again after a brief infatuation with the false promise of the EV. The bottom line is that the Green New Scam is falling apart.

    It can’t happen soon enough.

    Tyler Durden
    Sat, 10/26/2024 – 22:10

  • Zelensky Outraged Over UN Chief Getting Chummy With Putin At BRICS
    Zelensky Outraged Over UN Chief Getting Chummy With Putin At BRICS

    Ukraine is seething over the fact that United Nations Secretary-General Antonio Guterres was in Kazan, Russia this week for the major BRICS summit, where he was seen getting chummy with leaders like Presidents Vladimir Putin and Alexander Lukashenko.

    A smiling Guterres was photographed shaking hands with Putin during the ‘family photo’ ceremony, and actually at one point hugged Belarusian strongman Lukashenko.

    Via Kremlin.ru

    Ukrainian President Volodymyr Zelensky has subsequently blasted the UN chief for the warm embrace of Ukraine’s ‘enemies’.

    An official close to Zelensky has described to Politico that Guterres “shook hands with him [Putin]. He smiled. He was asked to come to promote the BRICS summit even more. He was used by them, and he seemed happy to be used.”

    Ukraine has reportedly informed Guterres that he will no longer be hosted in Kiev on visits. “Even if some officials prefer the allure of Kazan over the substance of the U.N. Charter, our world is structured so that the rights of nations and international legal norms matter, and will continue to matter,” said Zelensky in a Thursday night address.

    And an official Ukrainian Foreign Ministry statement also slammed the UN chief: “The UN Secretary General declined Ukraine’s invitation to the first global peace summit in Switzerland. He did, however, accept the invitation to Kazan from war criminal Putin,” a message posted on X stated.

    “This is a wrong choice that does not advance the cause of peace. It only damages the UN’s reputation,” the statement added.

    Staunch supporters of Kiev also lashed out at Guterres, with Lithuanian Foreign Minister Gabrielius Landsbergis in a statement strongly hinting he should step down from his post.

    “Guterres must admit that he was wrong and take responsibility, both when he decided not to go to the Ukraine peace summit in Switzerland and now, when he went to see the wanted war criminal Putin and grovelled with both him and his accomplice Lukashenko,” the Lithuanian top diplomat said.

    “Guterres is no longer accepted as an honest broker, and if he decides to resign, we would certainly not be the ones to discourage him from doing so.”

    The below moment also greatly outraged supporters of Ukraine

    https://platform.twitter.com/widgets.js

    The whole controversy comes at a moment of increasing chatter among diplomats over the need to find a negotiated settlement to the Ukraine war. Kiev fears that this will result in Ukraine permanently losing a huge chunk of its territory in the east, which Russian forces have captured.

    The UN and Guterres’ office framed his whole visit to the BRICS meeting and interactions with Putin as an “operational necessity” and part of diplomacy and peace-keeping.

    Tyler Durden
    Sat, 10/26/2024 – 21:35

  • History Rhymes: Freedom From Fear
    History Rhymes: Freedom From Fear

    Authored by Jim Bovard via The Browstone Institute,

    “Freedom from fear” was a prime justification for many of the most oppressive Covid pandemic policies. As Georgetown University Law professor Lawrence Gostin declared in late 2021, “COVID-19 vaccines are a remarkable scientific tool that enables society to live in greater freedom and with less fear. Using every tool—including mandates—to achieve high vaccination coverage enhances freedom.” 

    While many Covid vaccine skeptics were astounded to see the intellectual contortions of mandate advocates, “freedom from fear” has been a favorite invocation of political charlatans for almost a century. Providing “freedom from fear” has become one of the most frequent political promises in this century. 

    Politicians routinely portray freedom from fear as the apex of freedom, higher than the specific freedoms buttressed by the Bill of Rights. While presidents have defined “freedom from fear” differently, the common thread is that it requires unleashing government agents. Reviewing almost a century of bipartisan invocations on freedom from fear provides good cause to doubt the next bombast on the subject. 

    “Freedom from fear” first entered the American political pantheon thanks to a January 1941 speech by President Franklin Roosevelt. In that State of the Union address, he promised citizens freedom of speech and freedom of worship—two cornerstones of the First Amendment—and then added socialist-style “freedom from want” and “freedom from fear.” FDR’s revised freedoms did not include freedom to dissent, since he said the government would need to take care of the “few slackers or trouble makers in our midst.”

    Nor did FDR’s improved freedoms include the freedom not to be rounded up for concentration camps, as FDR ordered for Japanese-Americans after Pearl Harbor. Three years later, FDR amended his definition of freedom by championing a Universal Conscription Act to entitle government to the forced labor of any citizen.

    Richard Nixon, in his acceptance speech at the 1968 Republican National Convention, promised, “We shall re-establish freedom from fear in America so that America can take the lead in re-establishing freedom from fear in the world.” Nixon asserted: “The first civil right of every American is to be free from domestic violence, and that right must be guaranteed in this country.”

    But with the Nixon scorecard, government violence didn’t count. He perpetuated the war in Vietnam, resulting in another 20,000 American soldiers pointlessly dying.  On the home front, he created the Drug Enforcement Administration and appointed the nation’s first drug czar. The FBI perpetuated its COINTELPRO program, carrying out “a secret war against those citizens it considers threats to the established order,” as a 1976 Senate report noted.

    President George H.W. Bush told the National Baptist Convention on September 8, 1989: “Today freedom from fear…means freedom from drugs.” To boost public fear, a DEA informant arranged for a knucklehead to sell crack cocaine to an undercover narc in Lafayette Park across from the White House. Bush invoked the sale a few days later to justify a national crackdown. Bush informed the American Legion: “Today I want to focus on one of those freedoms: freedom from fear—the fear of war abroad, the fear of drugs and crime at home. To win that freedom, to build a better and safer life, will require the bravery and sacrifice that Americans have shown before and must again.”

    Foremost among the sacrifices that Bush demanded was that of traditional liberties. His administration vastly expanded federal power to arbitrarily confiscate Americans’ property and boosted the role of the US military in domestic law enforcement. In a 1992 speech dedicating a new DEA office building, Bush declared, “I am delighted to be here to salute the greatest freedom fighters any nation could have, people who provide freedom from violence and freedom from drugs and freedom from fear.” The DEA’s own crime sprees, corruption, and violence were not permitted to impede Bush’s victory lap. 

    On May 12, 1994, President Bill Clinton declared: “Freedom from violence and freedom from fear are essential to maintaining not only personal freedom but a sense of community in this country.” Clinton banned so-called assault weapons and sought to ban 35 million semi-automatic firearms. Gun bans in response to high crime rates mean closing the barn door after the horse has escaped. Citizens would presumably have nothing to fear after they were forced to abjectly depend on government officials for their own survival. 

    In February 1996, Clinton, seeking conservative support for his reelection campaign, endorsed forcing children to wear uniforms at public schools. Clinton justified the fashion dictate: “Every one of us has an obligation to work together, to give our children freedom from fear and the freedom to learn.” But, if mandatory uniforms were the key to ending violence, Postal Service employees would have a lower homicide rate. 

    George W. Bush, like his father, alternated promising “freedom from fear” with shameless fear-mongeringPrior to Election Day 2004, the Bush administration continually issued terror attack warnings based on flimsy or no evidence. The New York Times derided the Bush administration in late October for having “turned the business of keeping Americans informed about the threat of terrorism into a politically scripted series of color-coded scare sessions.”

    Yet each time a terror alert was issued, the president’s approval rating rose temporarily by roughly three percent, according to a Cornell University study. The Cornell study found a “halo effect:” the more terrorists wanted to attack America, the better job Bush was supposedly doing. People who saw terrorism as the biggest issue in the 2004 election voted for Bush by a 6-to-1 margin. 

    The most memorable Bush campaign ad, released just before the election, opened in a thick forest, with shadows and hazy shots complementing the foreboding music. After vilifying Democratic candidate John Kerry, the ad showed a pack of wolves reclining in a clearing. The voiceover concluded, “And weakness attracts those who are waiting to do America harm” as the wolves began jumping up and running toward the camera. At the end of the ad, the president appeared and announced: “I’m George W. Bush and I approve this message.”

    One liberal cynic suggested that the ad’s message was that voters would be eaten by wolves if Kerry won. Pat Wendland, the manager of Wolves Offered Life and Friendship, a Colorado wolf refuge in Colorado, complained: “The comparison to terrorists was insulting. We have worked for years, teaching people that Little Red Riding Hood lied.”

    Bush’s campaign to terrify voters into granting him four more years to rule America did not deter him from announcing in his 2005 State of the Union address: “We will pass along to our children all the freedoms we enjoy, and chief among them is freedom from fear.” 

    In the 2020 presidential race, Democratic candidate Joe Biden personally blamed President Donald Trump for every one of the 220,000 Covid deaths in the nation. Biden had a simple promise based on a simple message: “People want to be safe.”  And the only way to survive was to put Uncle Joe in the White House and unleash him. 

    Biden ran one of the most fear-based presidential campaigns in modern history. Biden talked as if every American family had lost a member or two from this pestilence. He routinely exaggerated Covid death tolls a hundredfold or a thousandfold, publicly asserting that millions of Americans had already been killed by Covid-19. Biden was helped mightily by fear-mongering media coverage. CNN ramped up the fear with a Covid Death Counter always on the screen. But the death count was statistical garbage. Individuals who died of gunshot wounds were counted as Covid deaths if a postmortem showed any Covid trace.

    A Brookings Institution analysis noted: “Democrats are much more likely than Republicans to overestimate [Covid] harm. Forty-one percent of Democrats…answered that half or more of those infected by COVID-19 need to be hospitalized.” At that time, the rate of hospitalization was between 1% and 5%, but Democratic voters overestimated the risk up to twentyfold. A CNN exit poll found that the “recent rise in coronavirus cases” was the most important factor for 61% of Biden voters. Biden won the presidency as a result of only 43,000 votes in three swing states.

    In June 2021, Biden proclaimed that everyone must get a Covid vaccine so that America could have “freedom from fear.” He said that people should “exercise your freedom” to get vaccinated with a drug approved on an emergency basis six months earlier. He declared: “We need everyone across the country to pull together [i.e., submit] to get us over the finish line.” The following month, Biden promised that anyone who got the injection would not get or transmit Covid. After the government coverup of failing vaccine efficacy collapsed, far more people balked at getting the shot. Biden responded by dictating a “get the jab or lose your job” mandate for 100 million American adults. (The Supreme Court later struck down most of that mandate.) 

    “Freedom from fear” apparently requires maximizing hatred of anyone who fails to submit. In an October 2021 CNN town hall, Biden derided vaccine skeptics as murderers who only wanted “the freedom to kill you” with Covid. Biden continued to proclaim that Covid was an “epidemic of the unvaccinated” long after government data revealed that most individuals who caught Covid were vaccinated. NIH posted a 2022 article that blamed “fearmongering and scare tactics” by anti-vaccine activists for the reported adverse side effects of Covid vaccines.

    A 2022 Rasmussen poll found that 59% of Democratic voters favored house arrest for the unvaccinated, and 45% favored locking the unvaxxed into government detention facilities. Almost half of Democrats favored empowering government to “fine or imprison individuals who publicly question the efficacy of the existing Covid-19 vaccines on social media, television, radio, or in online or digital publications.”  A massive covert federal censorship regime was also deployed to suppress criticism of Covid policies or even jokes about Covid vaccines.

    For his reelection campaign, Biden milked “freedom from fear” in a Pennsylvania speech on what he labeled “the third anniversary of the Insurrection at the United States Capitol.” Biden planned to turn the November 2024 election into a referendum on Adolf Hitler, accusing Donald Trump of “echoing the same exact language used in Nazi Germany.” CNN reported that Biden campaign aides planned to go “full Hitler” on Trump. Biden spent half an hour fear-mongering and then closed by promising “freedom from fear.” This was the famous Biden two-step—demagoguing to his heart’s content and then closing with schmaltzy uplift lines, entitling the media to rechristen him as an idealist.

    Biden did not survive the Democrats’ version of the “Night of the Long Knives” and Vice President Kamala Harris was designated the party’s presidential flag-bearer. Harris painted with an even broader brush than Biden. At a Juneteenth Concert this summer, she condemned Republicans for a “a full-on attack” on “the freedom from fear of bigotry and hate.”

    Harris implied that politicians could wave a psychological magic wand to banish any bias in perpetuity.  How can anyone have “freedom from fear of bigotry” unless politicians perpetually control everyone’s thoughts?

    In August, the Democratic National Convention whooped up freedom in ways that would qualify as “authentic frontier gibberish,” as the 1974 movie Blazing Saddles would say. A campaign video promised “freedom from control, freedom from extremism and fear.” So Americans won’t have true freedom until politicians forcibly suppress any idea they label as immoderate? The Democratic Party platform warned: “Reproductive freedom, freedom from hate, freedom from fear, the freedom to control our own destinies and more are all on the line in this election.”

    But the whole point of politics nowadays is to preempt individuals from controlling their own destinies. Hillary Clinton told the convention crowd that, thanks to the cracks in the glass ceiling, she could see “freedom from fear and intimidation.” Hillary also boasted of seeing “freedom to make our own decisions about our health”—after everybody shuts up and gets Covid Booster #37, presumably. 

    “Freedom from fear” is the ultimate political blank check. The more people government frightens, the more legitimate dictatorial policies become.  Pledging “freedom from fear” entitles politicians to seize power over anything that frightens anyone. Giving politicians more power based on people’s fears is like giving firemen pay raises based on how many false alarms they report.

    Politicians’ promises of “freedom from fear” imply that freedom properly understood is a risk-free, worry-free condition. It is the type of promise that a mother would make to a young child. New Mexico Gov. Michelle Lujan Grisham epitomized that mindset when she proclaimed at the Democratic National Convention: “We need a president who can be Consoler-in-Chief. We need a president capable of holding us in a great big hug.” And continuing to hold us until we officially become psychological wards of the State?

    “Freedom from fear” offers freedom from everything except the government. Anyone who sounds the alarm about excessive government power will automatically be guilty of subverting freedom from fear. Presumably, the fewer inviolable rights the citizen has, the better government will treat him. But as John Locke warned more than 300 years ago, “I have no reason to suppose, that he, who would take away my Liberty, would not when he had me in his Power, take away everything else.”

    Why not simply offer voters “freedom from the Constitution?” “Freedom from fear” means security via mass delusions about the nature of political power. Painting the motto “freedom from fear” on shackles won’t make them easier to bear. Perhaps our ruling class should be honest and replace the Bill of Rights with a new motto: “Political buncombe will make you free.”

    An earlier version of this piece was published by the Libertarian Institute.

    Tyler Durden
    Sat, 10/26/2024 – 21:00

  • Two Refineries That Produce 14% Of California's Gasoline Set To Close Due To "Regulatory Pressure"
    Two Refineries That Produce 14% Of California’s Gasoline Set To Close Due To “Regulatory Pressure”

    Today in how not to get gas prices down on the West Coast news, it was announced that California is on the precipice of losing two more major refineries that produce 14% of the state’s gasoline due to suffocating regulation.

    Valero may shut down its two California refineries, according to Just The News

    With existing closures already requiring California to import 8% of its supply, the state could soon face a greater dependence on refined imports, adding to its reliance on Middle Eastern and South American crude.

    Valero CEO Lane Riggs explained last week that profit margins are already low from its refinery business and says the company has already “minimized strategic [capital expenditures]”.

    He added that “California is increasing its regulatory pressure on the industry, so we’re really considering everything — all options are on the table.”

    The Just The News report says that although Riggs did not explicitly confirm plans to shut down refineries representing 14% of California’s capacity, state lawmakers raised alarms, linking potential closures to new regulatory powers granted during a special legislative session. 

    Phillips 66 recently announced the closure of its Los Angeles refinery, accounting for 8% of the state’s refining capacity, following the passage of the new legislation.

    California’s oil production has halved since 2008, dropping from 249 million barrels (38% of state needs) to 124 million barrels in 2023 (23.4% of needs). Imports have surged, with 61% now coming from countries like Iraq, Saudi Arabia, Ecuador, and Colombia, compared to 48.5% in 2008. 

    State Assemblymember Joe Patterson, R-Rocklin added on X: “When California Governor Gavin Newsom said in 2021 he didn’t see a future for oil in CA, I didn’t know 2024 would be the year he ended it at lightning speed.”

    “Today, another refiner said “all options are on table” with refineries here. We can thank Newsom’s legislation,” he concluded. 

    Tyler Durden
    Sat, 10/26/2024 – 20:25

  • The Battle For Space Is On
    The Battle For Space Is On

    Authored by Autumn Spredemann via The Epoch Times (emphasis ours),

    Space has been called the final frontier and experts say governments are becoming more focused on strengthening defense and exploring the military potential of low Earth orbit.

    Evan Ellis, an analyst and research professor for the U.S. Army War College, told The Epoch Times that expanding and protecting space infrastructure is becoming increasingly important from a national security perspective.

    It’s a recognition that space is important as a war-fighting domain, but also how you protect and use your assets in times of war,” Ellis said.

    As a defense analyst, Ellis has participated in space war game scenarios. He says there are multiple kinds of weapons that can be used in Earth’s orbit. Some are kinetic such as missiles, but non-kinetic weapons such as electromagnetic pulses, micro-waves, and lasers are also possible.

    He noted some are more practical in a space-to-space or space-to-Earth combat scenario than others. For example, lasers are less practical to have in a space-based platform since they would have energy supply and stability problems.

    If you want to penetrate someone’s [ground] bunker, then it makes more sense to use kinetic weapons than a laser from space,” Ellis said.

    He said that targeting ground objects from space isn’t impossible, but it’s not a likely scenario. Instead, Ellis said it would be more pragmatic to hit other celestial targets.

    “It makes sense to have things in space that can take out other things in space.”

    National security lawyer and Scarab Rising president, Irina Tsukerman, said weapons don’t need to be put into space to be a threat to orbiting objects.

    “Countries like China and Russia have developed various ASAT [anti-satellite weapon] capabilities, including kinetic kill vehicles and electronic warfare systems, aimed at disabling or destroying U.S. satellites,” Tsukerman told The Epoch Times via text.

    Earth-based weapons with the ability to cripple or destroy satellites have existed for years. Yet with more countries investing in counter-space assets, worry over the possible use of ASATs as a wartime weapon is growing.

    “While destructive ASATs have not yet been deployed in warfare, countries such as Russia, India, China, and the United States have demonstrated their ability to operate such weapons by destroying their own satellites,” a 2024 Atlantic Council analysis states.

    As countries’ reliance on space increases, the ability to hold other countries’ satellites at risk is a significant and concerning capability.

    Investment in space from a national security perspective also grew this year.

    The Space Foundation reported that total global military space budgets increased 18 percent, representing 46 percent of total government space spending. The United States represents the majority of this at 80 percent, but countries like Japan and Poland have also drastically increased their space defense spending.

    An anti-satellite weapon “Mission Shakti” is displayed during the Republic Day parade in New Delhi, India, on Jan. 26, 2020. Prakash Singh/AFP via Getty Images

    There’s widespread concern over the weaponization of space, especially given current geopolitical tensions between the United States, Russia, and China.

    The United Nations’ Outer Space Treaty is a guardrail that has prohibited nuclear arms or weapons of mass destruction (WMDs) in orbit or on celestial bodies such as the moon since 1967. At the time of this report, the treaty has 115 parties and 89 signatories.

    However, groups such as the Center for Arms Control and Non-Proliferation say increased militarization efforts in this domain already pose risks to national security.

    The center identifies three classifications of space weaponry, including Earth-to-space, space-to-space, and space-to-Earth. Currently, due to restrictions outlined in the Outer Space Treaty, only Earth-to-space weapons have been developed in military arsenals. However, some say growing interest in the latter two categories makes expansion into these areas inevitable.

    Converging trends make the proliferation of space systems likely. The miniaturization of satellites combined with falling launch costs and the commercialization of the space industry means that more players are entering the space game—not all of whom will use space for peaceful purposes,” the Center for Arms Control and Non-Proliferation stated in a 2023 fact sheet.

    The organization added that due to a lack of clear regulations and ambitious government regimes, militaries are already pushing the boundaries of acceptable space behavior.

    “This could mean greater chances of conflict in the future as outer space is increasingly congested with dangerous capabilities,” the group said.

    Within the three categories of space weaponry are four different types. The Center for Strategic and International Studies project Aerospace Security identifies these as kinetic physical, non-kinetic physical, electronic, and cyber.

    The 2024 Secure World Foundation report noted, “The growing use of, and reliance on, space for national security has also led more countries to look at developing their own counter-space capabilities that can be used to deceive, disrupt, deny, degrade, or destroy space systems.

    This is underscored by a National Air and Space Intelligence Center report, which states, “Foreign competitors are integrating advanced space and counter-space technologies into warfighting strategies to challenge U.S. superiority and position themselves as space powers.”

    Pentagon officials maintain that a competitive edge in space weaponry is necessary for the United States because evidence suggests that Russia is looking to do the same.

    Read the rest here…

    Tyler Durden
    Sat, 10/26/2024 – 19:50

  • Nvidia-Backed Tech Company Looking To Buy Land Near Nuclear Power In Japan
    Nvidia-Backed Tech Company Looking To Buy Land Near Nuclear Power In Japan

    Another day, another data center cozying up to nuclear power.

    This time its an Nvidia-backed company called Ubitus K.K., based in Tokyo. The company is looking to “acquire land in Kyoto, Shimane or a prefecture in Japan’s southern island of Kyushu, primarily because of the availability of nuclear power in the region”, according to a new report from Bloomberg

    Chief Executive Officer Wesley Kuo announced the plans in an interview on Thursday last week. The company already has two data centers used for gaming and is planning a third for AI. 

    Kuo commented: “Unless we have other, better, efficient and cheap energy, nuclear is still the most competitive option in terms of cost and the scale of supply. For industrial use — especially AI — they need a constant, high-capacity supply.”

    The Bloomberg report says that in Japan, nuclear power remains controversial due to the 2011 Fukushima disaster and strict post-disaster regulations, with only 33 reactors available, many still inactive.

    Recall, following the news of the Three Mile Island nuclear plant restart near Harrisburg, Pennsylvania, and the Biden administration supplying a $1.5 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, along with AmazonMicrosoft, and Google all jumping on the nuclear trade via the “next AI trade,” the atomic era continued gaining steam last week with news that another dormant nuclear plant, this time in Iowa, is slated for a possible restart.

    On a Wednesday earnings call, NextEra Energy CEO John Ketchum told investors that the company may restart the shuttered 600-megawatt Duane Arnold Energy Center (DAEC), Iowa’s only nuclear power plant. It’s located on the west bank of the Cedar River, about eight miles northwest of Cedar Rapids. 

    The company said on its earnings call:

    As a top operator of all forms of power generation, we often get asked about nuclear and gas,” Ketchum told investors. 

    He explained, “Let me start with nuclear. Nuclear will play a role, but there are some practical limitations. Remember, on a national level, we expect we are going to need to add 900 gigawatts of new generation to the grid by 2040,” adding, “There are only a few nuclear plants that can be recommissioned in an economic way. We are currently evaluating the recommissioning of our Duane Arnold nuclear plant in Iowa as one example.” 

    The latest news from big tech firms diving into nuclear and reviving the industry provides a substantial tailwind for our “Next AI Trade” which we laid out in April as our long-term favorite trade, and where we outlined various investment opportunities for powering up America, playing out.

    Here’s our latest coverage of the big atomic revival:

    And for a trip down memory lane: take a step back to December 2020, nearly four years ago, when we first introduced the nuclear theme to readers with the headline: “Buy Uranium: Is This The Beginning Of The Next ESG Craze.” 

    Tyler Durden
    Sat, 10/26/2024 – 19:15

  • Appeals Court Says Mississippi Law Allowing Ballots After Election Day Is Illegal
    Appeals Court Says Mississippi Law Allowing Ballots After Election Day Is Illegal

    Authored by Sam Dorman via The Epoch Times (emphasis ours),

    The U.S. Court of Appeals for the Fifth Circuit released an opinion on Oct. 25 stating that federal law requires mail-in ballots be counted no later than election day.

    Residents drop mail-in ballots in an official ballot box outside a library in Milwaukee on Oct. 20, 2020. Scott Olson/Getty Images

    In doing so, it ruled against a Mississippi law allowing ballots to be counted if they arrived no more than five days after the election and if they were postmarked on or before the date of the election.

    The opinion, which came less than two weeks before the 2024 elections, redirected the case back to the lower court while refraining from issuing an injunction that would halt Mississippi’s law.

    The policy was adopted during the COVID-19 pandemic, but the state kept it after the pandemic ended.

    “Because Mississippi’s statute allows ballot receipt up to five days after the federal election day, it is preempted by federal law,” Judge Andrew Oldham, an appointee of former President Donald Trump, wrote in his opinion for the court.

    RNC Chairman Michael Whatley called the decision on the social media platform X a “seismic win for fair, accurate, secure, and transparent elections.”

    Justifying the decision to throw the decision back to the lower court, rather than block Mississippi’s law, Oldham referenced a Supreme Court precedent that cautions against last-minute changes to election procedures.

    “Today’s decision says nothing about remedies,” he said. “We decline to grant plaintiffs’ initial request for a permanent injunction. … Instead, we remand to the district court for further proceedings to fashion appropriate relief, giving due consideration to ’the value of preserving the status quo in a voting case on the eve of an election.’”

    He was quoting another fifth circuit case but also referenced the Supreme Court’s 2006 decision in Purcell v. Gonzalez.

    Mississippi Secretary of State Michael Watson had told the Fifth Circuit that an election was voters’ “conclusive choice of an officeholder,” which took place on election day.

    That is so even if election officials do not receive those ballots until after election day,” his brief to the court read. “An election does not itself require ballot receipt.”

    Oldham and two other Trump appointees, Judge James Ho and Judge Kyle Duncan, heard oral arguments over the issue in September. The Republican National Committee (RNC) had appealed the decision of a lower court that ruled in favor of Mississippi.

    Oldham reasoned that the Constitution granted Congress authority over elections through two provisions, including one that allows Congress to alter the timing of federal elections hosted by states.

    Oldham drew a distinction between the timing of ballot counting and ballot casting.

    “Even if the ballots have not been counted, the result is fixed when all of the ballots are received and the proverbial ballot box is closed,” he wrote. “The selections are done and final.”

    Mississippi’s “problem,” he said, “is that it thinks a ballot can be ‘cast’ before it is received.” He added that “[a] voter’s selection of a candidate differs from the public’s election of the candidate.”

    Mississippi is one of several states with laws allowing mailed ballots to be counted if they are postmarked by Election Day, according to the National Conference of State Legislatures. The list includes swing states such as Nevada and states such as Colorado, Oregon, and Utah that rely heavily on mail voting.

    In July, a federal judge dismissed a similar lawsuit in Nevada. The Republican National Committee is asking the 9th Circuit Court of Appeals to revive that case.

    The RNC previously told The Epoch Times that it was involved in more than 130 lawsuits across 26 states. States have also pursued their own efforts while coming up against challenges from outside parties, including the Justice Department (DOJ).

    Oldham’s opinion came on the same day that a federal judge granted the DOJ’s request to halt Virginia’s program for purging non-citizens from voter rolls.

    Federal Judge Patricia Giles held that the program was within a prohibited 90-day timeframe set up by the National Voter Registration Act, a federal law passed by Congress in 1993. Another federal judge in Alabama similarly blocked the state’s program to purge non-citizens from its rolls.

    The Associated Press contributed to this report.

    Tyler Durden
    Sat, 10/26/2024 – 18:40

  • Army Releases Redacted Report On Incident During Trump Visit To Arlington Cemetery
    Army Releases Redacted Report On Incident During Trump Visit To Arlington Cemetery

    Authored by Caden Pearson via The Epoch Times (emphasis ours),

    The U.S. Army on Friday released a heavily redacted report related to an alleged altercation during former President Donald Trump’s visit to Arlington National Cemetery in August.

    According to multiple reports, on Aug. 26 a cemetery staffer attempted to block the Trump campaign from taking photos and videos in Section 60, where soldiers recently killed in Afghanistan and Iraq are buried. A U.S. Army statement at the time said the employee was “abruptly pushed aside.”

    Former President Donald Trump lays a wreath alongside Marine Cpl. Kelsee Lainhart (Ret.) and U.S. Marine Corps Sgt. Tyler Vargas-Andrews (Ret.), who were injured at the Abbey Gate Bombing in Afghanistan, during a ceremony at the Tomb of the Unknown Soldier in Arlington, Va., on Aug. 26. Anna Moneymaker/Getty Images

    Trump was there to mark the anniversary of the Kabul airport attack that killed 13 U.S. service members.

    Seven pages of redacted material were released in response to a Freedom of Information Act request filed by the Washington-based nonprofit group American Oversight as part of an ongoing lawsuit.

    The redacted incident report classifies the alleged offense as “simple assault.” It outlines an alleged physical altercation between a cemetery employee and Trump aides.

    A brief description says that an individual engaged “with both of [redacted] hands while attempting to move past [redacted] did not require medical attention on scene and later refused when offered. [Redacted] rendered a sworn statement on a DA Form 2823 and stated [redacted] did not want to press charges. Investigation continues by JBMHH PD Investigations Branch.”

    The sworn statement of the incident, made at 1:45 p.m. on Aug. 26, is fully redacted.

    In response to reports detailing the incident that cited anonymous sources, the Trump campaign issued a statement accusing the cemetery employee of experiencing a “mental health episode” and attempting to “physically block members of President Trump’s team during a very solemn ceremony.”

    The Army defended the employee, noting they acted “with professionalism” in enforcing regulations that prohibit political activities on cemetery grounds. Officials stated that while the incident was reported to law enforcement, the employee ultimately chose not to pursue charges.

    The Army confirmed that it “considers this matter closed,” concluding that the staff member’s actions were appropriate and consistent with cemetery decorum.

    U.S. District Court of the District of Columbia Senior Judge Paul Friedman signed an order on Oct. 22 for the report to be released. In September, American Oversight, arguing that there was a compelling public interest in sharing information with the public as soon as possible, requested that Arlington expedite the processing of its request, noting the presidential election is drawing closer.

    American Oversight was founded in 2017 in response to what it says were the “unprecedented challenges that the Trump administration posed to our nation’s democratic ideals and institutions.”

    Friedman ruled on Oct. 22 that the Army must release nonexempt portions of records about the requested incident on or before Oct. 25.

    “With the election just two weeks away, the American people have a clear and compelling interest in knowing how the government responded to an alleged incident involving a major presidential candidate who has a history of politicizing the military,” Chioma Chukwu, American Oversight’s interim executive director, said in a statement following Friedman’s order.

    After the initial incident, an Arlington National Cemetery spokesperson told The Epoch Times that a report had been filed but provided no further details, citing laws against political campaign or election-related activities in military cemeteries.

    The Trump campaign disputed reports of a “physical altercation,” asserting they were prepared to release footage to counter any “defamatory claims.” Spokesperson Steven Cheung stated that a private photographer was permitted on the grounds and that an individual, allegedly experiencing a mental health episode, tried to block Trump’s team during the ceremony.

    Family members of fallen soldiers in Afghanistan also denied claims of an assault, stating no altercation took place.

    The U.S. Army oversees the management of Arlington National Cemetery.

    Katabella Roberts contributed to this report.

    Tyler Durden
    Sat, 10/26/2024 – 17:30

  • Russia Reportedly Supplied GEOINT Data For Houthi Assaults On Western Ships In Maritime Chokepoint
    Russia Reportedly Supplied GEOINT Data For Houthi Assaults On Western Ships In Maritime Chokepoint

    In the Middle East, Russian intelligence officials have allegedly provided Iran-backed Houthi rebels with geospatial intelligence (GEOINT) data for strategic planning and operational decision-making to attack Western vessels in the critical maritime chokepoint of the southern Red Sea. 

    According to The Wall Street Journal report: 

    The Houthis, which began their attacks late last year over the Gaza war, eventually began using Russian satellite data as they expanded their strikes, said a person familiar with the matter and two European defense officials. The data was passed through members of Iran’s Islamic Revolutionary Guard Corps, who were embedded with the Houthis in Yemen, one of the people said.

    There was no mention of specifics about the GEOINT data Russia provided IRGC/Houthis for attack and reconnaissance missions in southern Red Sea and Gulf of Aden. Besides satellite imagery, there was no word if the Russians and/or IRGC used unmanned aerial vehicles to provide Houthis with high-resolution imagery and/or real-time data streams to track commercial vessels or western warships – or use the streams for weapon guidance. 

    Alleged Russian assistance may explain how the Houthis have expanded their threat coverage of missiles and drone attacks across the southern Red Sea and Gulf of Aden. Since November 2023, Houthis have hit more than 100 ships in the region, sinking two and hijacking another. 

    Source: WSJ

    “In the Middle East, the Russian assistance underscores a tectonic shift in its strategy. Putin has strengthened ties with Iran, while turning a cold shoulder to his longstanding relationship with Israel and Prime Minister Benjamin Netanyahu,” WSJ noted. 

    Weak foreign policy emanating from the Biden-Harris administration has left the Middle East in flames. Not being tough on Houthis to ensure freedom of navigation in the critical maritime chokepoint has sparked major supply chain snarls in global shipping, as container ships diverted by the hundreds around the Cape of Good Hope, straining container supplies and thus boosting shipping costs. 

    It’s interesting seeing Democrats who once warned that former President Trump would bring the world to the brink of nuclear disaster, yet under Biden and Harris, the world is closer than ever to World War III: Wars spiraling out of control in Eastern Europe and the Middle East, while China could take Taiwan at any moment. The US needs a strong leader – not weak – not Marxist woke. 

    Tyler Durden
    Sat, 10/26/2024 – 16:55

  • Peter Schiff: Gold Is Exposing The Phony Economy
    Peter Schiff: Gold Is Exposing The Phony Economy

    Via SchiffGold.com,

    On this week’s episode, Peter covered a record setting week for gold and a stellar week for silver. With the metals nearly cresting $2800 and $35, respectively, Peter sees this price action as confirmation that the Fed’s recent rate cuts are a mistake. Politicians may love inflation, and the media is oblivious, but the metals markets know that America’s economic trajectory is unsustainable.

    As Peter predicted, long-term interest rates are rising. Even though rate cuts are traditionally considered bearish for gold, gold is consistently reaching new highs and perplexing the media class:

    I said that when the Fed cuts short-term rates, that’s going to be the bottom for long-term rates, and they’re going to go up. And that’s exactly what’s happening. Long-term rates and gold prices are rising in tandem, which is the opposite of what most people think. They believe higher interest rates are bearish for gold, but gold is going up anyway. The mainstream financial media didn’t expect this. They thought when the Fed cut short-term rates, long-term rates would follow instead of going in the opposite direction.”

    Why is this? The dollar is condemned to a future of continuous devaluation, and gold is the best hedge against de-dollarization. 

    “We still have a weak economy. That’s not why rates are rising. Rates are rising for the same reason the gold price is rising. It’s because the Fed’s rate cuts are a mistake. The inflation genie is not back in the bottle. We’re going to have rising inflation. We’re going to have skyrocketing fiscal deficits, so bigger budget deficits. We’re going to have more supply of treasuries hitting the market, which, as I’ve said, are going to be monetized.”

    Peter likens gold’s moves to the pre-2008 era, when the media and financial pundits were unaware of future inflation:

    They didn’t care about gold when it was $495 an ounce. And now that it’s $2,750 an ounce, they still don’t care about it because they have no idea what it means, or if they do, they certainly don’t want their audience to figure it out. … But when the Fed showed its hand and announced QE, gold took off. Initially, people— not just me— there was a chorus of people saying, ‘This is terrible, this is going to be massive inflation. You’ve got to buy gold.”

    He reminds us that inflation is an intentional policy choice that benefits the political class at the expense of consumers:

    It’s a meltdown that’s being disguised by inflation. Again, that’s one of the reasons politicians like inflation because people feel like they’re richer. Their stock portfolios are going up. They’re getting a raise. And so they think things are good because the numbers are bigger, but it’s all an illusion. They’re actually getting poorer while they think they’re getting richer. That is what the politicians want.”

    The problem with inflationary policy is that it can’t last forever, and when it fails, the government will be forced to either default or fire up the money printers. So far, politicians are opting to print away their problems:

    There’s two ways our creditors are going to lose. One is through an honest default where they get fewer dollars. The other is through inflation where they get all their dollars, but they have less purchasing power.”

    Turning to the approaching election, Peter is cautiously optimistic about a Trump presidency. At best, Trump will attempt to reign in government spending, and even at his worst, he’ll be better than Kamala Harris:

    “We’re going to have a crisis regardless of the outcome of this election. I would just rather have Trump’s team in office when it happens than the Harris team. Not that I’m 100% confident that the Trump team is going to do the right thing; I’m just 100% confident that the Harris team is going to do the wrong thing. So that’s basically where we are, right? And so we have to take the lesser of the evils and hope for the best with Trump.”

    Tyler Durden
    Sat, 10/26/2024 – 16:20

  • Will Democrats Accept the Results of the 2024 Presidential Election?
    Will Democrats Accept the Results of the 2024 Presidential Election?

    Authored by Richard Truesdell and Keith Lehmann via American Greatness,

    Picture this scenario on November 6: the American presidential election has taken place, and Donald Trump is the winner with well over 300 Electoral College votes, legitimately and decisively beating Kamala Harris. Democrats are in an uproar, making wild claims of election interference from foreign entities like Russia just like in 2016, and threatening to block certification of the election unless their candidate of choice is installed.

    By attempting to nullify the votes of over half of the country, Democrats have chosen to wage war against Americans who don’t agree with them. It is their last-ditch effort to cling to power and they don’t care what damage is done to the country in the process. The damage done, in fact, is part of the plan.

    An army of lawyers from both sides is being deployed across the nation in anticipation of massive voter fraud, similar to what went on during the 2020 election. While Republicans are out there to identify and prevent the fraud, Democrats are obfuscating and concealing their efforts to count ballots multiple times, stop the rejection of invalid ballots, and keep objective observers from reporting on the mishandling of ballots by those intent on committing election fraud. Democrats are actually working to allow non-citizens to vote.

    So-called fact-checkers point out that this only applies to local and state elections, not federal elections. Don’t fall for this misdirection. Why have Democrats, from Joe Biden on down, pushed so hard to allow non-citizens to vote? Once voting by non-citizens in local and state elections is legitimized, America as we have known it for more than 240 years will no longer exist.

    All this will be followed by escalating the lawfare against Trump with possible prison sentencing between the election and inauguration in one or more of the criminal cases he faces.

    It is especially true with the Jack Smith case in D.C., which is a blatant, partisan case of election interference. We are convinced that all of the cases against Trump will ultimately be dismissed on appeal as they have no legitimate basis; however, the Democrats will push forward anyway as they have no concern over what legal precedence they are setting, nor do they care about the damage they’re doing to the institution of Congress. It’s all about holding power.

    Democrats in Congress with stage-four Trump Derangement Syndrome, especially the clown-like Jamie Raskin (D-MD), have already said the quiet part out loud. Raskin says if Trump should win, combining an Electoral College win even with a potential popular vote victory (which current polls are showing), they will immediately challenge the results under Section 3 of the 14th Amendment, tying up the election results beyond January 20, 2025. These Democrats will stop at nothing to destroy America by invoking a second Civil War (Raskin’s own words) if necessary.

    Can you imagine the chaos and damage a lame-duck Biden-Harris administration can inflict on the United States between Election Day and Trump’s second inauguration on January 20, 2025? With executive orders coming from an increasingly infirm and vengeful Joe Biden (with help from Dr. Jill and his puppet masters like Barack Obama and even Nancy Pelosi, who forced Biden to abandon his reelection bid under threat of invoking the 25th Amendment). These are people who will do anything to retain power, including preventing Trump from taking the oath of office.

    Democrats have become everything they have accused Trump of intending to do. In his first term, Trump took no action to lock up Hillary Clinton, who is now out promoting her third memoir, Something Lost, Something Gained (a title that lacks even a basic sense of self-awareness as it heads to the $5.95 remainder racks, hopefully by Christmas). Will she ever stop relitigating the results of the 2016 election?

    At some point, the Supreme Court will be forced to step in, possibly on an emergency basis, to save our democracy from Democrats and their Deep State political thugs who will refuse to participate in the peaceful transfer of power. It’s the ultimate example of projection.

    It’s a sad state of affairs but one that can be remedied in the future if we reinstate integrity in our election systems. That is, making sure that the people’s votes actually count and are not manipulated by loosening rules to satisfy those who would cheat in order to attain or keep power. Every illegitimate vote cancels out a legitimate vote.

    Election integrity starts with requiring photo identification. Thirty-six states require photo ID; 14 states and the District of Columbia don’t.

    If we can require photo ID to buy a pack of cigarettes or a beer in a bar, or a driver’s license to operate a motor vehicle, we can require it to exercise our most sacred right to vote. It doesn’t disenfranchise anyone except those not eligible to vote, like immigrants who entered the United States illegally and lack proper identification. Requiring proof of identity does not make it harder to vote; it makes it harder to cheat.

    With some degree of integrity restored to America’s election process, the people’s legitimate voices will be heard loud and clear. This will deliver the presidency back to Donald Trump with a clear mandate to “drain the swamp” that is Washington, D.C.

    Once Trump returns to the White House in 2025, with no worry about a reelection bid in 2028, he can complete the house cleaning he started when he took office in 2017. It will be the best lame duck presidency in American history.

    Trump can remove the unelected political appointees running the alphabet agencies (starting with the FBI, the CIA, and especially the NSA) as well as the leadership class in the military. Today we have 44 four-star generals—there are no current five-star generals or admirals since the passing of Omar Bradley in 1981—commanding 2.86 million members in the military as opposed to during World War Two when 16 million men were under arms being commanded by just four five-star generals and admirals. Including the military, those bureaucracies must be completely dismantled and rebuilt from the ground up by individuals who care about America, not an administrative state that cares only about amassing personal power.

    Now is the time to make Election Day a national holiday and to require day-of and in-person voting across the nation with the results known the following day. Reasonable exceptions can be made for members serving in the military and true hardship cases.

    Going forward for the next presidential election (it’s too late for this year’s presidential election), to ensure election integrity, absentee ballots will need to be submitted, along with proper identification, no later than November 1, 2028, so they can be counted in advance of Election Day in 2028.

    If we can politically pander to a small segment of the population by making Juneteenth a national holiday, we can certainly benefit all citizens by having Election Day nationalized. Our democracy deserves nothing less.

    Tyler Durden
    Sat, 10/26/2024 – 15:10

  • Where's Tony? These Are All The Countries Visited The US Secretary Of State Since 2021
    Where’s Tony? These Are All The Countries Visited The US Secretary Of State Since 2021

    As the world’s largest economy, military power, and a major cultural force, the U.S. has been the dominant global hegemon since the Berlin Wall fell in 1990.

    Its foreign policy plays a key role in shaping geopolitics. Despite the complexity of international relations, we can see where the U.S. prioritizes its influence by analyzing the data.

    This map, via Visual Capitalist’s Pallavi Rao, shows the countries U.S. Secretary of State Antony Blinken has visited most since his term started in January 2021. Data is sourced from the State Department, last updated on September 27th, 2024.

    All the Countries Secretary Blinken Has Visited At Least Five Times

    Secretary Blinken has visited Israel 18 times during his term—by far the most for any one country.

    Ten of those visits have taken place since October 2023, following Hamas attacks which killed nearly 1,000 Israeli civilians.

    In the year since the area has devolved into a major conflict zone. Israel has repeatedly bombed the Gaza strip, leading to the death of over 43,000 Palestinians, of which more than one-fourth are children.

    Retaliatory rocket launches from Hamas, Hezbollah, and the Houthis have, in turn, led to Israeli airstrikes hitting Lebanon and Yemen.

    Meanwhile, Secretary Blinken has visited both Qatar and Egypt nine times so far—two other mediators in the war. He’s also been to Saudi Arabia: part of a longer-term plan to normalize relations between the House of Saud and Israel.

    Finally, Blinken has visited the West Bank four times—most recently to reiterate U.S. support for a Palestinian state.

    These visits to the Middle East stand in sharp contrast to Ukraine, where Secretary Blinken has made just five trips, also in a show of American support as the country battles a Russian invasion.

    The Middle East currently has a concentration of multiple rival military powers. Check out the Biggest Armies in the Middle East for a breakdown.

    Tyler Durden
    Sat, 10/26/2024 – 14:35

  • Trump, Former White House Staffers Reject John Kelly's "Fascist" Claims
    Trump, Former White House Staffers Reject John Kelly’s “Fascist” Claims

    Authored by TJ Muscaro and Janice Hisle via The Epoch Times,

    Former President Donald Trump and previous members of his administration say that claims made by former White House Chief of Staff John Kelly are “patently false.”

    Kelly, a retired Marine Corps general, worked for the Trump administration from 2017 to 2019. He has spoken out multiple times against Trump during the election—most recently in interviews with The New York Times and The Atlantic.

    In those interviews, Kelly said Trump fitted the general definition of a fascist and alleged that the former president said he wanted “German generals,” like Nazi leader Adolph Hitler had.

    Several members of the Trump administration, including former Vice President Mike Pence’s former chief of staff, Mike Ayers, have sharply disputed the claims.

    “I’ve avoided commenting on intra-staff leaks or rumors or even lies as it relates to my time at the White House but General Kelly’s comments regarding President Trump are too egregious to ignore,” Ayers said on X.

    “I was with each of them more than most, and his commentary is *patently false.*”

    Mark Paoletta, general counsel of the Office of Management and Budget (OMB), also spoke out against Kelly, writing on X:

    “I don’t believe a word he says. He was a terrible chief of staff who dishonestly kept information from the President to pursue his own agenda.”

    Trump himself denounced the stories on Oct. 23, saying Kelly “made up a story out of pure Trump Derangement Syndrome Hatred.”

    “Even though I shouldn’t be wasting my time with him, I always feel it’s necessary to hit back in pursuit of THE TRUTH,” Trump said on Truth Social and X.

    Both of Kelly’s interviews came out less than two weeks before Election Day, at a time when early voting is underway across several states, and Trump is starting to take the lead in battleground state polls.

    Vice President Kamala Harris followed Kelly’s two stories by stating at a CNN town hall that she believed Trump to be a fascist.

    Robert F. Kennedy Jr. responded directly to these comments on X, saying, “This is the kind of inflammatory poison that divides our nation and inspires assassins.”

    The Atlantic also claimed Trump made disparaging remarks about a dead military servicemember and balked over her funeral expenses.

    At a news conference in Austin, Texas, on Oct. 25, the former president also strongly denied making those claims.

    “If they didn’t get the military funding, I was going to fund it myself,” Trump said about the funeral for Vanessa Guillen, 20, who was murdered in 2020 while stationed at an Army base in Texas that was then called Fort Hood.

    Guillen’s slaying and dismemberment led to an outcry over sexual harassment at U.S. military bases, resulting in changes to laws and discipline of 21 Army personnel; some were faulted for allowing the prime suspect in her killing to escape and commit suicide.

    On Friday, Trump thanked Guillen’s family for publicly denouncing The Atlantic’s allegations. The family came to show support for Trump as he addressed reporters at Million Air Austin, a private airplane service.

    “The beautiful thing is that these people [Guillen’s relatives] were willing to come out and say it didn’t happen… they didn’t have to do this,” Trump said.

    Guillen’s sister, Maya Guillen, and the family’s attorney, Natalie Khawam, made social media posts and TV appearances asserting that the article contained inaccuracies and misrepresentations.

    Trump pointed out that the Atlantic’s article was timed to appear just before the Nov. 5 election, increasing the likelihood that a certain percentage of readers would believe what the magazine reported and hold it against his candidacy.

    “So I talk about it because it was a terrible thing,” Trump said about the article after touching on multiple other topics, including illegal immigration and election integrity.

    The Epoch Times has sought comment from The Atlantic.

    Tyler Durden
    Sat, 10/26/2024 – 14:00

  • These States Have The Biggest Beer-Drinkers
    These States Have The Biggest Beer-Drinkers

    From backyard barbecues to Sunday night football, beer is deeply woven in the fabric of American culture. It’s the choice alcoholic beverage for North and South Americans, according to WHO data.

    This map, via Visual Capitalist’s Kayla Zhu, visualizes the annual per capita ethanol consumption of beer in gallons in 2022 by U.S. state. The data comes from the National Institute on Alcohol Abuse and Alcoholism (NIAAA), which measures alcohol consumption in ethanol volume.

    For reference, the average six-pack of beer has 0.025 gallons of ethanol.

    Consumption figures only include residents age 14 or older, and is based on alcoholic beverage sales data collected by the Alcohol Epidemiologic Data System (AEDS), the National Alcohol Beverage Control Association, and from various reports produced by beverage industry sources.

    Which States Consume The Most Beer?

    Below, we show each state’s annual per capita ethanol consumption of beer in gallons in 2022.

    Rank State Per capita ethanol consumption in gallons of beer
    1 New Hampshire 1.66
    2 Montana 1.58
    3 Vermont 1.54
    4 North Dakota 1.38
    5 Pennsylvania 1.33
    6 Nevada 1.30
    7 Maine 1.28
    8 South Dakota 1.26
    9 Louisiana 1.24
    10 Hawaii 1.23
    11 Oregon 1.21
    12 Wyoming 1.2.0
    13 Wisconsin 1.19
    14 Iowa 1.18
    15 New Mexico 1.17
    16 Texas 1.15
    17 Mississippi 1.14
    18 Colorado 1.13
    19 District of Columbia 1.13
    20 California 1.10
    21 West Virginia 1.10
    22 Nebraska 1.09
    23 Ohio 1.07
    24 Kansas 1.06
    25 Minnesota 1.06
    26 Delaware 1.05
    27 Florida 1.04
    28 Missouri 1.04
    29 Arizona 1.03
    30 North Carolina 1.03
    31 Tennessee 1.01
    32 Illinois 1.00
    33 South Carolina 1.00
    34 Alaska 0.99
    35 Alabama 0.95
    36 Indiana 0.95
    37 Oklahoma 0.94
    38 Michigan 0.93
    39 Arkansas 0.92
    40 Kentucky 0.92
    41 Georgia 0.89
    42 Virginia 0.89
    43 Washington 0.84
    44 New York 0.83
    45 Massachusetts 0.80
    46 Idaho 0.74
    47 New Jersey 0.74
    48 Rhode Island 0.74
    49 Connecticut 0.72
    50 Maryland 0.63
    51 Utah 0.50

    Northeastern states, particularly New Hampshire (1.66 gallons) and Vermont (1.58 gallons) have some of the highest beer consumption rates in the country.

    New Hampshire doesn’t have state sales tax, making alcohol prices considerably lower than neighboring states. This likely drives higher alcohol sales rather than necessarily higher consumption.

    More than half of sales at New Hampshire liquor states come from out-of-state customers, according to the New Hampshire Liquor Commission.

    Many of its state-owned liquor states are also strategically located near state borders.

    When comparing global per capita consumption, European countries far outdrink the U.S. when it comes to beer.

    As a whole, the beer industry in America is experiencing a decline. U.S. beer shipments reached their lowest level in 25 years, according to data from the Beer Marketer’s Insights.

    The small and independent brewers’ industry in the U.S. is also experiencing a decline, with overall beer production and imports down 5% in 2023, and craft brewer sales down 1%, according to the Brewers Association.

    To learn more about beer consumption worldwide, check out this graphic that shows which countries drink the most beer according to Kirin Holdings.

    Tyler Durden
    Sat, 10/26/2024 – 13:25

  • Iran Says Four Soldiers Were Killed In Israeli Attack Involving 100 Warplanes
    Iran Says Four Soldiers Were Killed In Israeli Attack Involving 100 Warplanes

    Update(1320ET): Iranian sources are confirming some of the first known deaths from the overnight Israeli airstrikes on the Islamic Republic, which focused on missile and military sites, and not nuclear or oil facilities.

    Four members of the Iranian army have been reported killed. Iran’s Foreign Minister Abbas Araqchi has also issued a fresh statement Saturday, warning there are “no limits” when it comes to defending the country. Israel too is warning against a potential Iranian counterstrike, but for now the quite limited Israeli operation is over and the situation looks contained in terms of avoiding bigger regional war.

    United Nations chief Antonio Guterres says he’s “deeply alarmed” by the overnight strikes, and is urging “maximum efforts to prevent an all-out regional war and return to the path of diplomacy.” And President Biden has expressed hope that “this is the end” following the Israeli strikes on Iran in a Saturday statement.

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    * * *

    The Israeli ‘retaliation’ attack against Iran, which occurred in the overnight and early morning hours, appears to be complete, with Israel’s military (IDF) having declared the response “concluded” after locations in three provinces of the Islamic Republic were hit.

    Some 100 Israeli warplanes were sent, primarily across Jordanian airspace, for the unprecedented attack which reportedly included strikes on key missile, drone, and other military sites – including air defense installations. However, Iranians are mocking it as if it didn’t even happen, and there’s an emerging consensus among Western pundits that this was remarkably limited in scale. The attack did not involve Iranian nuclear or oil sites, according to Israeli military officials.

    Where are the Israeli strikes? Iranians look over the capital after explosions were heard, via Reuters

    IDF Spokesman, Daniel Hagari, said overnight – following at least two or three waves of attacks – “I can now confirm that we have concluded the Israeli response to Iran’s attack against Israel. We conducted targeted and precise strikes on military targets in Iran, thwarting immediate threats to the State of Israel.”

    And Hagari’s words concluded with the threat of new major escalation if Iran decides to respond militarily, “If the regime in Iran were to make the mistake of beginning a new round of escalation, we will be obligated to respond. All those who threaten the State of Israel and seek to drag the region into wider escalation will pay a heavy price.”

    Local reports of explosions near Tehran emerged at around 2:15 local time, with strikes later being reported also in the Karaj, Isfahan and Shiraz areas. Israel’s military said it hit around 20 sites over the several hours across the three provinces.

    “If the regime in Iran were to make the mistake of beginning a new round of escalation, we will be obligated to respond,” the Israeli military said.

    Israeli media indicated that while the first wave of warplanes took out anti-air defense sites, follow-up waves targeted ballistic missile and drone manufacturing facilities, as well as launch sites. Israeli officials say the operation sought to degrade Iran’s capability to launch another attack such as occurred on April 14 and October 1.

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    The operation was declared complete within a few hours of reports of initial explosions

    The Israeli military said at 6 a.m. that the assault had been completed, with “all goals achieved” and all aircraft returning safely home. It dubbed the campaign “Days of Repentance,” a reference to the recent Yom Kippur holiday. It said dozens of IAF aircraft, including fighter jets, refuelers and spy planes, participated in the “complex” operation some 1,600 kilometers from Israel.

    Iran has only confirmed that “limited damage” resulted at some bases and asserted that its air defenses countered many of the attacks, a narrative which has been rejected by Israel.

    Israel’s air force touted that it gave it pilots “wider freedom of aerial action in Iran” – and yet still the whole operation looked significantly less intense than Iran’s Oct. 1st attack on Israel.

    Handout photo of PM Netanyahu meeting with Defense Minister Yoav Gallant and IDF commanders in the bunker below the Kirya military base in Tel Aviv.

    The reality is that air-to-surface missiles, which Israel focused on in its assault, don’t tend to be as destructive or as large in impact compared to ballistic missiles. It remains that Israel’s surface-to-surface ballistic missile capabilities are not as established as its air-launched capabilities.

    There are vague reports out of Syria that some locations inside the country were hit during the broader Iran assault, and possibly including sites in Iraq as well.

    Some pro-Iran and pro-Syria accounts mocked the quite limited attack, calling it a “nothingburger” as it unfolded, or else saying the Israelis merely started some brush fires 1,000 miles away in Iran.

    Iranian social media accounts are widely mocking the Israeli operation:

    https://platform.twitter.com/widgets.js

    Iranian state TV reported at one point that “The loud blasts heard around Tehran were related to the activation of the air defense system against the actions of Zionist regime which attacked three locations outside of Tehran city.”

    However, an Israeli official told Ynet news that the Iranian claim of interception was “a lie. It was a total failure, [there were] zero interceptionsas reported in Times of Israel.

    While radar shows that airspace was totally cleared over the Islamic Republic, state media still tried to claim that the country’s main international airports, including in Tehran, were operating as normal.

    Via Flightradar24 website, early on October 26, 2024, displaying commercial flights around Iran’s airspace during Israeli strikes. AFP

    The Quincy Institute’s Trita Parsi comments as follows

    The Israeli attack is over, but the outcome remains unclear. Tehran is downplaying it – even mocking it – which may be more reflective of their desire to de-escalate than a true assessment of the damage Israel inflicted on Iran. Just as Israel kept the damage of Iran’s Oct 1 strikes secret, Iran will likely not disclose the full picture of Israel’s strike. But if Iran chooses to exercise restraint, as it did after Israel’s limited strikes in April, then this chapter may be closed, yet the conflict will remain very much alive.

    A prominent pro-“resistance axis” account on X, Hadi Nasrallah, had this to say: “So, after Iran totally roasted Israel’s military bases and airports putting them on blast in front of the whole world, Israel thought it’d be badass to send some pops to Tehran, like that’s gonna distract us from their their crushing losses in Lebanon a day before.”

    On Saturday, Iranian state media is full of headlines outright mocking the somewhat muted Israeli attack…

    Indeed, it seems that after taking this long to telegraph its response well over three weeks since Oct.1st, Israel’s attack was more about theater than inflicting real and lasting damage on Iran. This was as many expected by design, appearing to really be all about sending a message while seeking to carefully avoid escalation. There are even reports saying that Israel notified Tehran ahead of time of the impending strikes, saying the Iranians must not hit back. The hawks are surely disappointed.

    Tyler Durden
    Sat, 10/26/2024 – 13:20

  • Have We Ever Seen A Time When 4 Major Global Wars Are All Percolating Simultaneously?
    Have We Ever Seen A Time When 4 Major Global Wars Are All Percolating Simultaneously?

    Authored by Michael Snyder via The Economic Collapse blog,

    We have reached a moment in history that none of us will forget.  We are literally standing on the precipice of the unthinkable, and most people don’t even realize it.  Of course horrific wars have a way of erupting when most people are not expecting them.  Hardly anyone expected a global war to erupt in 1914, but then tens of millions of precious souls died over the next four years.  Hardly anyone expected a global war to erupt in 1939, but then tens of millions of precious souls died over the next six years.  This time around, what is happening should be glaringly obvious to everyone.  Personally, I have been specifically warning about what is taking place right now for more than a decade.  If we do not change course, billions of precious souls could die during the nightmarish global wars that are rapidly approaching.

    At this moment, most Americans have no idea that a war between the United States and China is coming.

    Just a few days ago, Chinese President Xi Jinping boldly talked about “preparation for war” as he was dressed in military fatigues…

    On Thursday Chinese Communist Dictator Xi Jinping commanded troops to strengthen their preparedness for war while visiting his People’s Liberation Army Rocket Force following last week’s drills of surrounding the sovereign country of Taiwan.

    “Xi said the military should ‘comprehensively strengthen training and preparation for war, (and) ensure troops have solid combat capabilities,’ CCTV reported,” according to the AFP and reported on Barrons Saturday.

    Why would China need to prepare for war?

    Needless to say, nobody is planning to attack China.

    The truth is that the only reason that China would need to prepare for war is if it was planning to invade Taiwan.

    Because the moment that China invades Taiwan, the U.S. and China will be at war.

    In recent days, the Chinese have been getting very aggressive with Taiwan…

    On Monday, Beijing had deployed fighter jets, drones, warships and coast guard vessels to encircle Taiwan — its fourth round of large-scale war games around the democratic island in just over two years.

    China’s communist leaders have insisted they will not rule out using force to bring Taiwan under Beijing’s control.

    Meanwhile, western leaders continue to publicly discuss sending NATO troops to Ukraine.

    The latest example of this came from the foreign minister of Lithuania

    The Lithuanian Foreign Minister Gabrielius Landsbergis said in a statement to Politico on Monday that European Union countries should return to the idea of putting boots-on-the-ground in Ukraine to fight Russia.

    The idea comes after French President Emmanuel Macron said in February that sending Western troops to Ukraine is not ‘ruled out’ for the future plans in war against Russia, according to the AP. German Chancellor Olaf Scholz shut down that plan for the time being however.

    “If information about Russia’s killing squads being equipped with North Korean ammunition and military personnel is confirmed, we have to get back to ‘boots on the ground’ and other ideas proposed by [French President] Emmanuel Macron,” he said in written comments, Politico reported on Monday.

    One of the reasons why this has came up again is because there are reports that soldiers from North Korea are being equipped and sent to fight for Russia on the front lines of eastern Ukraine…

    North Korean soldiers have been filmed receiving uniforms and equipment at a training ground in Russia’s far east, appearing to confirm reports from South Korea’s National Intelligence Service (NIS) that 1,500 soldiers have been shipped over for military training to be deployed in Ukraine.

    The North Korean troops are thought to be receiving training before being sent to the front line in Ukraine, in what is thought to be a clear sign of the ever-warming relations between Moscow and Pyongyang.

    Both sides just continue to escalate matters.

    It appears to be just a matter of time before we find ourselves in a direct conflict with the Russians, and that is a really, really bad idea.

    North Korea has been making all sorts of noise lately.  In addition to sending troops to fight in Ukraine, the North Koreans are also threatening to invade South Korea

    North Korea has said it had found the remnants of a South Korean military drone and that any further “violation” of its territory would result in a “declaration of war.”

    Tensions between the two sides of the peninsula have escalated since May when the North began flying balloons carrying garbage across the border to the South, prompting Seoul to respond by restarting loudspeaker propaganda broadcasts.

    This week, North Korea accused South Korea of flying drones over Pyongyang on three occasions this month and threatened to respond with force if it happened again.

    The North Korean military is vastly superior to the South Korean military.

    If North Korea invades, the only way that South Korea will survive is if we intervene.

    But right now the U.S. military is focused on the Middle East, because that conflict could spiral completely out of control at any moment.

    On Sunday night, IDF spokesman Daniel Hagari warned that Israel would soon begin targeting any financial institutions that aid Hezbollah

    “In the past 24 hours, dozens of projectiles have been fired at northern Israel,” he began. “In the next minutes, we will issue an advance evacuation warning to residents of Beirut and other areas in Lebanon to evacuate locations being used to finance Hezbollah’s terror activities. I emphasize here: Anyone located near sites used to fund Hezbollah’s terror activities must move away from these locations immediately.”

    “We will strike several targets in the coming hours and additional targets throughout the night.

    “In the coming days, we will reveal how Iran funds Hezbollah’s terror activities by using civilian institutions, associations, and NGOs that act as fronts for terrorism.”

    And it certainly did not take long for that to start happening.

    Last night, branches of Al-Qard Al-Hassan Association Bank were hit by Israeli airstrikes

    Israeli fighter jets struck dozens of targets in Beirut and other areas of southern Lebanon overnight, including branches of a bank accused of holding funds used by Hezbollah.

    The military’s Arabic spokesman, Avichay Adraee, had earlier in the night issued several evacuation orders for buildings throughout southern Lebanon he said were in the vicinity of facilities belonging to the U.S.-sanctioned Al-Qard Al-Hassan Association Bank.

    Most people in the western world have absolutely no idea how chaotic things have become over there.

    It is being reported that there is “widespread panic” in Beirut at this moment…

    Jeanine Hennis, the United Nations’ special coordinator for Lebanon, said that after the IDF issued its evacuations, said there was “widespread panic” in Beirut.

    “A brief window to escape to safety. Intense blasts reverberate across the night sky. With each day, Lebanon suffers more. But even amid the escalating violence, solutions remain available. If only opportunities would be seized,” she said.

    Could the U.S. soon find itself involved in 4 major global wars?

    Let’s hope not, because we are not even prepared to fight one

    The US Army’s outgoing top commander in the Pacific region has warned that the US can “ill afford” another war because its military is vastly overstretched.

    According to Defense One, Gen. Charles Flynn said that the US’ authoritarian rivals — Russia, China, Iran, and North Korea — had been placing increasing pressure on American military resources.

    Speaking at the AUSA conference in Washington DC last week, Flynn described the technology and military alliances between the authoritarian states as a “very dangerous combination.”

    The U.S. military is not the overwhelming global force that it once was.

    While other major powers have been feverishly preparing to fight World War III, our military has been rapidly becoming a politically correct joke.

    Now a day of reckoning is upon us, and we are not ready.

    *  *  *

    Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

    Tyler Durden
    Sat, 10/26/2024 – 12:50

  • McDonald's Stock Hammered In Worst Week Since Pandemic Amid E. Coli Outbreak
    McDonald’s Stock Hammered In Worst Week Since Pandemic Amid E. Coli Outbreak

    McDonald’s announced Friday that it has “indefinitely” halted onion sourcing from Taylor Farms’ Colorado plant as the US Centers for Disease Control and Prevention investigate a severe E. coli outbreak. The outbreak has already sickened at least 75 people and resulted in one death.

    “While McDonald’s removed all slivered onions produced from this facility as of October 22, 2024, due to broad concern and our unwavering commitment to food safety we have made the decision to stop sourcing onions from Taylor Farms’ Colorado Springs facility indefinitely,” MCD wrote in a statement. 

    A spokesman for MCD told CBS News that about 1 million Quarter Pounders were sold nationwide during the E. coli outbreak. The majority of illnesses occurred in the western half of the country. 

    Here are states with cases:

    • Colorado
    • Iowa
    • Kansas
    • Michigan
    • Missouri
    • Montana
    • Nebraska
    • New Mexico
    • Oregon
    • Utah
    • Washington
    • Wisconsin
    • Wyoming

    Bloomberg published a visual showing the outbreak. 

    Source: Bloomberg 

    MCD spokesman noted that burgers are cooked at 175 degrees – the level needed to kill E. coli bacteria. However, he said the diced onions are raw, adding, “If that is the source, it will be the first time onions have been a carrier for this strain of E. coli.” 

    In markets, MCD shares in New York slid on the week, down 7.5%, the worst five-day stretch since March 2020. 

    In addition to MCD, food supplier US Foods issued a recall to thousands of restaurants that it supplied Taylor Farms’ onions. Yum! Brands restaurants—such as Taco Bell, Pizza Hut, and KFC—also removed fresh onions from their menus in response to the E. coli outbreak.

    No evidence has emerged identifying the source of the E. coli outbreak at Taylor Farms. However, there’s a huge need to scrutinize the influx of unvetted migrant workers employed by mega-farms and the processed foods industrial complex.

    Tyler Durden
    Sat, 10/26/2024 – 12:15

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Today’s News 26th October 2024

  • The US Was Inadvertently Responsible For The Sino-Indo Border De-Escalation Deal
    The US Was Inadvertently Responsible For The Sino-Indo Border De-Escalation Deal

    Authored by Andrew Korybko via Substack,

    India announced earlier this week that it and China agreed to patrol their disputed border area in the way that it was before June 2020’s lethal Galwan River Valley clashes. This was made possible by China finally complying with India’s long-standing request, which in turn paved the way for their leaders to hold a bilateral meeting on the sidelines of this week’s BRICS Summit in Kazan. What many don’t realize, however, is that the US was inadvertently responsible for facilitating their deal.

    This analysis here from early May explains how summer 2023’s scandal about an alleged Indian assassination attempt against a Delhi-designated terrorist-separatist with dual American citizenship on US soil was a turning point in their ties. The US then continued with its good cop, bad cop game against India prior to pushing Canada to escalate its related dispute with India earlier this month. Even before the latest developments, however, Indo-US ties had already noticeably soured over this issue.  

    India and China held multiple rounds of talks on their disputed border since 2020, but no breakthrough had occurred until Indo-US ties became characterized by distrust as a result of summer 2023’s scandal and all that followed. China realized that those two’s previous level of trust will never return, which assuaged its concerns that India is playing a leading role in the US’ containment policy. It was this shift in perceptions that then led to China reconsidering its informal policy towards their border dispute.

    China had been reluctant to return to the status quo ante bellum since this was seen as a unilateral concession that could signal weakness and worsen its hand in the South China Sea. The drastic downturn in Indo-US ties, however, led to the aforesaid being perceived as a pragmatic means for managing the abovementioned concerns about India containing China in coordination with the US. The improvement of Sino-Indo ties could therefore place limits on the future improvement of Indo-US ones.

    Finally complying with India’s long-standing request for resolving their post-Galwan tensions and consequently placing their partnership back on track amidst the dramatic downturn in Indo-US ties could preclude the possibility of India participating in the US’ containment scheme. No improvement in Indo-US ties would occur at the expense of Sino-US ones if that happens after this sensitive problem is finally patched up by then and India thus no longer has the same threat perception of China as before.

    China and India have natural economic complementarities, and if the world’s two largest countries ever found a way to unleash their full mutual potential upon resolving their sensitive territorial issues and correspondingly restoring mutual trust, then global affairs would begin to revolve around them. That’s why the US has sought to divide-and-rule them through information warfare and its Kissingerian “triangulation” policy, but this failed after it went too far pressuring India over summer 2023’s scandal.

    About that, the US never respected India as an equal partner and instead sought to subjugate it as a vassal by demanding that India comply with the West’s unilateral sanctions against Russia, which was unacceptable for both economic and principled reasons. The US also feared India’s astronomical rise as a Great Power since the start of the special operation, fueled to a large degree by discounted Russian energy, since this accelerated multipolar processes to the detriment of its unipolar hegemony.

    That explains why it exploited summer 2023’s scandal to worsen their ties, meddled in this year’s earlier general elections, and even helped overthrow the Bangladeshi government a few months ago in order to pressure India into complying with these demands and then punishing it when this didn’t happen. Military and trade ties remain stable for now, but it can’t be taken for granted from India’s perspective that this will remain the case as their political ties continue to deteriorate over summer 2023’s scandal.

    They can quietly manage their competition in Bangladesh and try to find a modus vivendi there, while the US’ meddling wasn’t direct nor intense enough like in other elections to seriously worsen their ties, which is why summer 2023’s scandal remains the most troublesome of their disputes. Instead of letting it subside, the US continues exacerbating it at periodic intervals, both on its own and via its Canadian proxy. This informed India that the US has malicious intentions and can never be fully trusted again.

    Accordingly, India was therefore pleased that China finally decided to comply with its long-standing request for resolving their post-Galwan tensions and getting bilateral ties back on track, which showed the US that India will never become its vassal. Additionally, India also demonstrated that it’s influential enough to further accelerate multipolar processes to the detriment of the US’ unipolar hegemony as revenge for being mistreated, though its wayward partner still might not change its ways.

    Even on the off chance that it does, the mutual trust that used to characterize their ties before summer 2023’s scandal will never return, thus ruling out the possibility that India will contain China in coordination with the US in the future. This is especially so after China just removed the primary irritant in their relations over the past four years that was responsible for driving the military dimension of Indo-US ties that prompted the People’s Republic to speculate that India was trying to contain it with the US.

    In retrospect and provided that the incipient Sino-Indo rapprochement continues, the US’ pressure campaign against India might be seen as a game-changer due to how tremendously it’s poised to reshape the global systemic transition’s strategic dynamics. The meaningful improvement of Sino-Indo relations could lead them closer to unlocking their full mutual potential, which would revolutionize International Relations if successful and thus bring an even swifter end to the US’ unipolar hegemony.

    Tyler Durden
    Fri, 10/25/2024 – 23:25

  • Watch: Trump And Rogan Have A Wild Interview
    Watch: Trump And Rogan Have A Wild Interview

    Former President Donald Trump appeared on the Joe Rogan podcast Friday, where they discussed a wide range of topics for three hours.

    Watch:

    Highlights:

    Getting rid of income taxes:

    https://platform.twitter.com/widgets.js

    Hoaxes perpetrated against Trump:

    https://platform.twitter.com/widgets.js

    Why Democrats are in favor of illegal immigration:

    https://platform.twitter.com/widgets.js

    Trump on bad White House hires:

    https://platform.twitter.com/widgets.js

    Keeping Iran, Hezbollah and Hamas in check:

    https://platform.twitter.com/widgets.js

    The two discussed the horrible condition California is in thanks to Gov. Gavin Newsom:

    Trump on getting shot:

    https://platform.twitter.com/widgets.js

    Trump on Musk:

    “Surreal” – On what it was like when Trump won the 1st time:

    “I want to be a whale psychiatrist” – Offshore windmills and how they affect whales:

    “You’ve said a lot of wild shit!” – Why Trump became so popular:

    Trump on Barron:

    “Big pharma wasn’t thrilled” – Trump on pressure not to work with RFK Jr.:

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Fri, 10/25/2024 – 23:06

  • These Are The World's Best Bars In 2024
    These Are The World’s Best Bars In 2024

    Mexico City has been named the world capital of cocktails, with the famed Handshake Speakeasy bar taking the top spot in ‘The World’s 50 Best Bars 2024‘ by William Reed.

    As Statista’s Anna Fleck reports, the annual roundup is based on the votes of more than 600 industry experts from around the world, from bartenders and cocktail connoisseurs to consultants, critics and drinks reviewers.

    The podium is completed by Bar Leone, in Hong Kong, and Sips in Barcelona, the latter of which took the top spot last year.

    Infographic: The World’s Best Bars in 2024 | Statista

    You will find more infographics at Statista

    The highest ranked US bars are Double Chicken Please, in New York City (at 14th)…

    …and Overstory (also in NYC) at 15th on the list.

    Tyler Durden
    Fri, 10/25/2024 – 23:00

  • Stepping On The Snake
    Stepping On The Snake

    Authored by T.L.Davis via Substack,

    One can roll all of the majority of grievances into one basic event, the government stepping on the snake. The famous Gadsden Flag of “Don’t Tread On Me,” a warning to the Brits to mind their own affairs, or they might get bitten, is a favorite of the patriots against the decades-long process of violating their rights. It’s a warning revived during the Tea Party days, now fifteen years hence. But they have been stepping on them.

    What the US Government loves to do, is step on the snake; to grind it into the ground and since 1787, they have not been bitten. It’s our responsibility to future generations to retaliate for the injustices of our time. Each generation has a duty, as I see it, to deliver the nation to the next generation with a full compliment of rights and freedoms.

    In that endeavor, we have thus far failed, but a new day dawns.

    It’s difficult to imagine the depth and width of patriotic zeal that has slowly been eroded over the past few centuries, but it is a great reservoir that the current regime continues to draw on to inflict mass casualties on the people without significant backlash. This is largely due to a misunderstanding of loyalty.

    The government likes to project symbols as the objects of loyalty, while eroding freedoms in darkness. So they shine a bright light on the flag “Old Glory,” as it’s sometimes called, that represents the past obedience of the government to its charter, the U.S. Constitution. In the meantime, they have hollowed out that document by ignoring it all along the way, from Executive Branch expansion as a means of doing a backward illegality that is the purview of congress, i.e., all spending bills have to originate in the House. But if the Executive Branch creates FEMA or the EPA, it becomes incumbent on congress to fund it with the excuse that they could simply defund it, should it get out of control. Well, that’s exactly what’s happened over and over again, except the House doesn’t have the political will to stand up for the people and defund anything. They have been terrorized by the bureaucrats that give example after example of bad things that they will be blamed for if they defund a single thing.

    They like to shine a bright light on the capitol building and the Washington Monument, even the White House to appeal to patriotism, while none of those things function as intended. During the whole of the Biden Administration, the Executive Branch has run itself. The DOJ doesn’t worry about committing crimes, because who is going to hold it accountable? FEMA and the border patrol fall under their purview as well as the FBI. No one can hold them accountable, but they can defund them. Our congress, who has oversight, has been unwilling to restrain its excesses.

    All of this is a challenge to patriots to do something about it, knowing that whatever they might do will be cast as an attack on the flag, the congress or the cynically termed “democracy.” We saw that on January 6th. It had a chilling effect on the right to assemble and petition for a redress of grievances as intended. The constitutional right violates the security of the corrupt government and is suddenly deemed unpatriotic, an insurrection, rather than what it was, a right to petition the government to correct an openly and arrogantly stolen election.

    The point is, the government will fight back with everything it has to keep the people enslaved to their bastardization of the constitution and the denial of rights of the people. It takes a brave population to shrug off those charges, repudiate the “unpatriotic” theme with action, but look at what’s been endured since January 6th, 2021 and you’ll understand the lengths to which they will go and the methods by which you can operate.

    First, don’t give them a timeline, or an opportunity to infiltrate. The very existence of opposition assembly arises from Obama and sending SEIU out to do his bidding against those who protested Obamacare. I know, I was there, I saw it, including the buses and the sign-in sheets by which these public servants were paid for their time to counter unpaid, patriotic, citizen-organized protests. This is a tactic that has been used over and over with Antifa and BLM in later-stage government’s attacks on freedom of speech and the right to assemble.

    Anytime the government sponsors or pays counter-protesters, it is a violation of the First Amendment. Simple as that. They are acting unlawfully. To counter all of this, the people must be much more aware of their rights and especially the law with the willingness to report such crimes to the Sheriff or DA of the jurisdiction. That, specifically, is in violation of 18 USC 41 Conspiracy against rights, where any two people gathered to deny any right, in this case, intimidate you from exercising one’s right to petition the government for a redress of grievances through fear for one’s safety, they have committed a crime. One can tell the difference by where the “counter protesters” are placed. If it is within sight and sound of original protesters, the right has been violated.

    This all points to one ultimate conclusion. If the government is invested in denying any right of the people, it actually serves as an injury for which consequences can be expected. That is the justification, the act in defense of the constitution that defeats their claims of “unpatriotic acts.” In order to be unpatriotic, one has to be defying the constitution, not the illegal actions of the government itself. Denying that criticism, through counter-protestors or censorship of social media is in violation of the law.

    While I admit this all sounds like official gobbledegook that has no weight or stamina in a corrupt court, it is. But I’m not arguing the law, but the justification for consequences for stepping on the snake. Getting one’s mind right for the upcoming festivities is as important as any other preparation. It will endure one during hard times knowing that despite what the captured media might say, they acted rightfully and legally in the eyes of compatriots. This was the preparatory work not done prior to January 6th.

    There will be another January 6th, they’re begging for it and will, like then, create it, if it won’t be brought to them wrapped in shiny paper and a ribbon. The response, unlike then, must be a full-throated denunciation and demand for the real criminals to be exposed.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

    Tyler Durden
    Fri, 10/25/2024 – 22:35

  • These Are The Most Common Origins Of Immigrants
    These Are The Most Common Origins Of Immigrants

    A world map showing the most common origins of immigrants by country reveals some prolific immigrant nations as well as the influence that conflict and economic collapse can have on migration patterns.

    As Statista’s Katharina Buchholz reports, the most common pattern around the world is neighbors providing the most immigrants to one another.

    This is for example the case in the U.S. and Mexico, which are the biggest source of immigrants to each other.

    It is the same between Albania and Greece or Honduras and El Salvador, for example.

    Infographic: The Most Common Origins of Immigrants | Statista

    You will find more infographics at Statista

    This is based on data from the United Nations Population Division.

    This pattern is disrupted however, when many people leave their country at the same time due to conflict, war or poverty. Venezuelan immigrants are now the largest group in nine neighboring countries, while six neighbors of the Democratic Republic of the Congo have taken in large groups of their citizens.

    For Somalia, its five neighbors.

    Ukrainian immigrants as of 2020 already were the biggest group in four neighboring nations, equal to Syria and Bosnia and Herzegovina.

    Then there are also those nations which are known to send immigrants all over the world, not just in their direct neighborhood. Among them are India and China, with their citizens being the largest group of immigrants in neighboring nations as well as on the Arabian Gulf in the case of India and in Canada and Australia in the case of China.

    In Europe, Poland is the most prominent nation of emigration, with Poles being the largest group of immigrants in the United Kingdom, Germany and some Scandinavian nations.

    Only a handful of countries have a more unique major immigration partner that is not their neighbor. These instances are often tied to colonialism.

    The biggest immigrant group in Equatorial Guinea and Morocco are from France, while for the Netherlands it is Suriname, for Portugal Angola, for France Algeria, for Cuba Spain and for New Zealand the United Kingdom.

    Tyler Durden
    Fri, 10/25/2024 – 22:10

  • The US Is Now More Dependent On Fossil Fuel Power Than China
    The US Is Now More Dependent On Fossil Fuel Power Than China

    By Tsvetana Paraskova of OilPrice.com

    Increased use of natural gas for power generation has made the United States more dependent on fossil fuels for its electricity supply this year than China, the world’s top carbon emitter.

    Since June 2024, high U.S. summer electricity demand has been mostly met by increased gas-fired power generation, while a rebound in hydropower in China has limited to some extent the share of coal in its electricity supply.

    As a result, fossil fuels – including natural gas and coal – have had an average share of 62.4% of total electricity output in the United States since June. This compares to a lower fossil fuel share in the coal-dominated power system in China, where fossil fuels accounted for 60.5% of generation between June and September, according to data from energy think tank Ember reported by Reuters columnist Gavin Maguire.

    The rise in natural gas power output could undermine the current U.S. goals of making the grid zero-carbon by 2035.

    U.S. power generation from natural gas surged by 20% in the first nine months of 2024, compared to the same period of 2019. The share of gas in power supply has jumped to 43% from 38% five years ago.

    In recent years, power demand in the United States, the single largest portion of which is delivered by gas-fired power plants, has soared and is expected to continue to surge with rising electrification and more electricity necessary to power and cool data centers.

    U.S. power-generating companies are announcing plans for the highest volume of new natural gas-fired capacity in years as the AI boom is driving demand for electricity.

    During the first half of 2024, electricity-generating firms unveiled plans for the new gas-powered capacity equal to all capacity announced in 2020, according to data from Sierra Club cited by Bloomberg last month.

    Natural gas-fired electricity generation in the United States has jumped year-to-date compared to the same period last year, as total power demand rose with warmer temperatures and demand from data centers.

    Tyler Durden
    Fri, 10/25/2024 – 21:45

  • 39% Of US Couples Met Online
    39% Of US Couples Met Online

    Today’s daters are taking matters into their own hands. Seemingly no longer satisfied with the potential partners that life throws at them at work, in school and in their circle of friends, Statista’s Katharina Buchholz details below that an increasingly large number of heterosexual daters is opting to meet their partner online.

    Surveys carried out and analyzed by Stanford University show that between 1995 and 2017 the number of heterosexuals who met their partner on the internet rose sharply from 2 percent to 39 percent.

    Infographic: How Couples Met | Statista

    You will find more infographics at Statista

    With the help of dating apps like Tinder and eHarmony, but also through social networking sites like Facebook, daters reconnected with old friends and acquaintances (8 percent of couples who met online), were introduced to someone (11 percent) or – in the majority of cases – met someone completely new on their own (81 percent).

    The authors of the survey concluded that the main draw of looking for a stranger online was a larger set of choices than when leveraging friends and family, which was especially useful when “searching for something unusual or hard‐to‐find.“

    In a similar vein, meeting your partner in a bar or restaurant was also on the rise between 1995 and 2017.

    Stanford researchers excluded homosexuals from their analysis because they constitute a minority sexual orientation, making meeting someone online a more obvious choice for them than for heterosexuals.

    These were usually in a “thick dating market” (quote from Stanford) and therefore normally also able to identify several potential mates in their offline lives, according to the research.

    Tyler Durden
    Fri, 10/25/2024 – 21:20

  • American Horror Story: How We Create Our Own Worst Nightmare
    American Horror Story: How We Create Our Own Worst Nightmare

    Via SchiffGold.com,

    A simple internet search confirms the overwhelming buzz in the air: Americans across the board are more concerned with the economy than any other political issue.

    This concern is overwhelming across both aisles, seems to be growing, and has remained a large issue for years. Recent polling data shows that when combined, concern about inflation & prices, and jobs & the economy create a supergroup that more than doubles any other individual worry. While party lines are more rigid than we would like to believe, it seems as though a candidate who embraced this fear and found a solution could have absurdly high mass appeal.

    While both presidential candidates have seen the recent trends and more strongly espoused their economic plans, it seems almost impossible to focus on the economy too much. While the lack of overwhelming emphasis on economic issues might seem like a simple misunderstanding between politicians and citizens, the root of high inflation and economic uncertainty is much more linked to voter’s own desires than they would ever want to believe.

    Citizens, whose actively informed assent is supposed to be one the primary bases of government, have an odd habit of wanting the best for themselves. The declaration’s explicit promotion of our right to “life, liberty, and the pursuit of happiness” has created a foundational belief that anything short of thriving is not fulfilling the promise of America.​​ While what it means to thrive is defined differently by person, most Americans believe that our access to material goods, pleasures, and freedom from worry should be constantly growing. While this desire is not unique to Americans, the state’s embrace of its role as a servant makes us less skeptical of politicians who promise to give national success in every area. We only apply strong scrutiny to the high-flying claims of the opposing sides’ candidates because we believe that the high-flying promises of our own candidates are merely necessary to the fulfillment of their duty. While in many countries all politicians are more obviously known to be self-seeking charlatans, our institutions’ relative freedom from corruption have allowed us to live under the illusion that we are always one president away from “getting it right.”

    This desire creates an endless loop where candidates who do not paint a rosy picture of the future lose favor with the public. While the American political and economic system has created unprecedented human thriving, our desire to select candidates who claim to “do it all” is the root cause of our economic woes. 

    It may seem fatalistic to claim that positive and multi-focused candidates are the problem. There is nothing inherently wrong with having a diverse policy agenda, but the short term cycle of elections necessitates that plans will skew towards the near future. It is possible to have less inflation, more economic growth, and less taxes, but not immediately. The best that a candidate can hope for is to time everything right so that all the key metrics of economic success are most appealing in the months leading up to their hopeful reelection. People cling to the idea that we can fix all of our problems without associated pain or adjustment periods. We must embrace willing restraint from indulgence if we are to secure the free and prosperous future we dream of. Candidates fuel our ignorant belief that we can be reckless in the present without sacrificing the future, because they know they will be able to escape blame for a collapse that comes many years after they leave office. This negative cycle is not a direct result of our electoral process, or even of the candidates themselves.

    This cycle is allowed to continue because of the economic ignorance and low impulse control of voters.

    We damn our children by choosing to maximize our own comfort, not fully understanding how it will affect them, or even ourselves in 15 years

    We will not be able to escape this cycle until basic economic principles are more rigorously taught in schools. When forced to choose between two big-spending candidates, choosing the candidate who creates freer market conditions will always be the better choice, because that type of unpredictable and rapid growth can sustain far more spending than the tepid stagnation of a wannabe command economy. While the choice is obvious, it is far from a safe choice. The candidates are not the problem, rather, they are a reflection of our desires. Our desires and understanding must be formed through our upbringing and education in a way that will allow us to cut through empty promises and simplistic hedonism. Wanting low prices, low taxation, a healthy military and a strong healthcare system is natural, but we must be wise enough to know that those things must come slowly.

    Fiscal responsibility is boring and painful, but it is the only way to simultaneously secure “life, liberty, and the pursuit of happiness.”

    Tyler Durden
    Fri, 10/25/2024 – 20:55

  • US Shale Nat Gas Production Declines For The First Time Since 2000
    US Shale Nat Gas Production Declines For The First Time Since 2000

    By Katy Fleury of the EIA.gov

    U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, it would mark the first annual decrease in U.S. shale gas production since we started collecting these data in 2000.

    Total U.S. shale gas production from January through September 2024 declined by about 1%, to 81.2 billion cubic feet per day (Bcf/d), compared with the same period in 2023, while other U.S. dry natural gas production increased by about 6% to 22.1 Bcf/d. Total U.S. dry natural gas production from January through September 2024 averaged 103.3 Bcf/d, essentially flat compared with the same period in 2023.

    The decline in shale gas production so far this year has been driven primarily by declines in production in the Haynesville and Utica plays. From January through September 2024, shale gas production decreased by 12% (1.8 Bcf/d) in the Haynesville and by 10% (0.6 Bcf/d) in the Utica compared with the same period in 2023. At the same time, shale gas production in the Permian play grew by 10% (1.6 Bcf/d). Production in the Marcellus play, which leads U.S. shale gas production, remained flat.

    The Haynesville play in northeastern Texas and northwestern Louisiana is a dry natural gas formation. The Utica and Marcellus plays in the Appalachian Basin produce lease condensate in addition to dry natural gas. In all three plays, natural gas prices mostly drive drilling and developing wells. The U.S. benchmark Henry Hub daily natural gas price has generally declined since August 2022 and reached record lows in the first half of 2024, making drilling natural gas wells less profitable, particularly in the Haynesville. Several operators in the Haynesville and the Appalachian Basin shut in natural gas production in reaction to historically low prices and intend to continue curtailments in the second half of 2024.

    In contrast, natural gas produced in the Permian play in western Texas and southeastern New Mexico is primarily associated gas from oil wells where drilling and development is driven by the oil price. Natural gas production in the Permian has increased this year along with increasing oil production.

    Shale natural gas production in the Utica was 5.6 Bcf/d in September, 33% less than the monthly high of 8.3 Bcf/d in December 2019 and 10% less than the average of 6.2 Bcf/d in 2023. At depths of 5,000 feet to 11,000 feet, wells in the Utica, which lies beneath the Marcellus, are slightly more expensive to drill than Marcellus wells because of their depth.

    Drilling costs of Haynesville wells, at depths of 10,500 feet to 13,500 feet, are even higher. Shale natural gas production in the Haynesville was 13.0 Bcf/d in September 2024, 14% less than the peak in May 2023. The Haynesville is the third-largest shale gas-producing play in the United States, behind the Marcellus and the Permian plays. In 2023, shale natural gas production in the Haynesville averaged 14.6 Bcf/d, accounting for 14% of total U.S. dry natural gas production.

    The U.S. benchmark Henry Hub natural gas price fell 79% from the August 2022 inflation-adjusted high of $9.39 per million British thermal units (MMBtu) to an average of $1.99/MMBtu in August 2024. So far this year, the price has averaged $2.10/MMBtu compared with an inflation-adjusted average of $6.89/MMBtu in 2022 and $2.62/MMBtu in 2023. As natural gas prices declined, the economics of producing natural gas in the dry gas formations worsened, leading producers to shut in production and drop drilling rigs.

    Producers tend to increase or decrease the number of drilling rigs in operation as natural gas prices fluctuate. The number of natural gas-directed drilling rigs in the Haynesville, Utica, and Marcellus plays has decreased steadily since the end of 2022, according to data from Baker Hughes. In the Haynesville, an average of 33 rigs were in operation in September 2024, 53% fewer than in January 2023. The number of rigs operating in the Haynesville in September was the lowest it has been since July 2020.

    In the Utica, an average of seven rigs were operating in September 2024, fewer than half the number that were operating in January 2023, and in the Marcellus, an average of 25 rigs were in operation, about 36% fewer than in January 2023. Although the productivity of newer wells has improved in recent years, the decline in rig counts has contributed to an overall decrease in production.

    In our latest Short-Term Energy Outlook, we forecast total U.S. dry natural gas production to average 103.5 Bcf/d in 2024, down slightly from 103.8 Bcf/d in 2023, and to resume modest growth in 2025 at 104.6 Bcf/d.

     

     

    Tyler Durden
    Fri, 10/25/2024 – 20:30

  • 2 Lawmakers Attempt The Impossible: Saving Social Security
    2 Lawmakers Attempt The Impossible: Saving Social Security

    Authored by Mark Tapscott via The Epoch Times (emphasis ours),

    More members of Congress, 329, co-sponsored the Social Security Fairness Act (SSFA) than nearly any other legislative proposal in 2024, but that may not be evidence of lawmakers’ eagerness to fix what ails the retirement pension program—the bill doesn’t address the fundamental insolvency issue.

    Illustration by The Epoch Times, Getty Images, Shutterstock

    The SSFA would end two provisions of current law that reduce benefits for millions of public employees at all levels of government with separate pension systems. Eliminating the provisions means more Social Security benefits for such workers.

    In other words, the SSFA would increase the total amount of Social Security benefits paid out without providing new revenues to fund them. Even so, the bipartisan proposal is likely to pass Congress and President Joe Biden—who promised in his 2020 campaign to eliminate the provision—is expected to sign it into law when lawmakers reconvene after the election.

    For decades, Social Security has been the untouchable “third rail” of American politics that virtually no Democrat or Republican dares to propose changing for fear of angering legions of elderly and disabled voters who depend on the program.

    Approximately 70 million Americans are beneficiaries, making Social Security the largest federal entitlement program.

    The Social Security Trustees’ latest report projects that the system will become insolvent in 2035 unless Congress approves major reforms soon.

    Meanwhile, the ratio of workers paying into the system to beneficiaries is heading downward. The ratio in 1950 was 16 workers to one beneficiary; today that ratio is 2.8 workers per beneficiary. Plus, retirees are living longer today, drawing more benefits over time.

    Politicians increase benefits, but are loathe to increase Social Security taxes or slash benefits.

    The seemingly impossible challenge for Congress and the White House is how to reform Social Security if increased taxes and reduced benefits are untouchable. The last president to propose a major reform was George W. Bush, who shortly after being re-elected in 2004, suggested privatizing the system.

    Under that proposal, Americans would have been allowed to divert some of their Social Security taxes into government-approved private investment funds. Bush hastily dropped the plan after opposition in both parties and in the mainstream media exploded.

    More recently, two lawmakers have ventured beyond the raise-taxes-reduce-benefits dilemma to explore other ways of saving Social Security before it becomes insolvent.

    Raising the Tax Cap

    Rep. John Larson (D-Conn.) has introduced his Social Security 2100 Act repeatedly in recent years, and it has gained strong support (188 co-sponsors) among his Democratic colleagues. Larson is the top Democrat on the House Ways and Means Committee’s Subcommittee on Social Security.

    During a floor speech earlier this year, Larson said that “more than five million of our fellow Americans have worked and paid into the system and get below poverty level checks from their government.”

    Larson noted, however, that it has been decades since Congress approved changes designed to shore up the Social Security system’s finances. He also rejected suggestions from House Republicans that a study commission be created to recommend reforms.

    “It’s long overdue that we not study this—how about we do what we’re elected to do by the public and actually vote,” he said.

    I commend President Biden for saying, look, the way we’re going to pay for this is by lifting the cap … on people making more than $400,000 a year.”

    Larson’s bill would not hike the Social Security tax rate, but would apply Social Security taxes to all taxpayers making more than $400,000 annually. The present salary cap on Social Security taxes is set at $168,600.

    “Millionaires have already stopped paying into the Social Security program. Bill Gates stopped paying back in January. That is wrong, it’s not right, but to lift that cap will allow us to not only extend the solvency of Social Security, but increase benefits across the board,” he said.

    Rep. John Larson (D-Conn.) speaks as House Democrats hold a news conference to announce the introduction of the Social Security 2100 Act in front of the U.S. Capitol on March 18, 2015. Allison Shelley/Getty Images

    According to an analysis by the Peter G. Peterson Foundation, an individual making $500,000 annually only pays Federal Insurance Contributions Act (FICA) levies on the first $168,600 of income, which equals $10,453 a year. Under the Larson proposal, the same individual would pay $31,000 in FICA levies, nearly three times as much.

    Larson did not respond to requests for comment.

    The Big Idea

    Venturing even further into reform is Sen. Bill Cassidy, a Louisiana doctor and ranking Republican on the Senate Committee on Health, Education, Labor and Pensions.

    Cassidy calls his proposal the “Big Idea” and it is based on the creation by Congress of a new $1.5 trillion investment fund that is totally separate from the Social Security Trust Fund—which receives FICA revenues that pay for benefits.

    Asked by The Epoch Times how the new fund would be financed, Cassidy said “that is open to negotiation. You could sell government assets to fund it over time, you could borrow it and put it in there.

    “Folks say ‘But wait a minute, isn’t that going to increase your debt?’ It turns out you’re not spending it, you’re putting it into escrow. And according to the Congressional Budget Office, that’s going to be considered a wash.”

    The Big Idea escrow fund would be managed by an independent company that would bid for the job, assume a fiduciary responsibility for the results and invest the fund in a conservative portfolio of private sector entities to function like Sovereign Wealth funds.

    [Wall Street executive John] Paulson and [former President Donald] Trump have talked about creating a Sovereign Wealth fund. Advisers to Joe Biden have talked about creating a Sovereign Wealth fund. Now what we’re talking about with our Big Idea is somewhat of a Sovereign Wealth fund,” Cassidy said. Paulson is often mentioned as a potential Secretary of the Treasury if Trump is re-elected.

    The same approach is already in use in the pension field, Cassidy said, with the federal government’s Thrift Savings Plan (TSP) for civil servants, the U.S. National Railroad Retirement Trust, Wisconsin’s public employee retirement system, and the Canadian government pension system.

    Cassidy said the fund is projected to generate sufficient profits to cover 75 percent of Social Security’s revenue shortfall and that he is open to alternative approaches to covering the remaining 25 percent.

    “Combined with some relatively minor tweaks to the program, at the end of 75 years, all the accumulated debt would be paid off, and the Social Security program would be able to cover its obligations in perpetuity,” he said in an earlier statement.

    Asked how misuse would be avoided, Cassidy said “we’ve got a couple of mechanisms, we had the Heritage Foundation help us draft the way by which to prevent political meddling.” He said former Comptroller General David Walker has also suggested several solutions.

    Cassidy said he supports a ban on investing in firms based in China, an issue that ensnared TSP managers in 2019 when Sen. Marco Rubio (R-Fla.) and Sen. Jeanne Shaheen (D-N.H.) highlighted the risks of federal worker contributions investing in Chinese firms.

    Read the rest here…

    Tyler Durden
    Fri, 10/25/2024 – 20:05

  • US Signals Defense Guarantees To Saudis As Iran's Crosshairs Could Be On Abqaiq Refinery
    US Signals Defense Guarantees To Saudis As Iran’s Crosshairs Could Be On Abqaiq Refinery

    Wall Street analysts have been on edge for weeks over the scope of Israel’s planned retaliation strike after Iran’s large-scale missile barrage on Oct. 1, which may include F-35 stealth fighter jets striking Iran’s nuclear facilities, missile sites and or oil infrastructure. The geopolitical risk premium for Brent crude has faded in recent weeks as US Secretary of State Antony Blinken runs around the Middle East to ensure that IDF jets hold off on any strikes against Iran until after the US presidential elections. 

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    Israel has considered a slew of retaliatory options, reportedly including fighter jets striking Islamic Revolutionary Guard Corps’ high-value military targets, as well as Iran’s leadership, financial networks, oil infrastructure, and nuclear program sites. 

    About a week ago, Axios reported the leak of a highly classified US intelligence report that revealed new details about Israel’s plans for retaliation against Iran. This leak delayed IDF’s strike.

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    IDF’s most strategic move would be to dismantle the IRGC’s command and control networks and centers by targeting key officials, missile sites, and then financial networks. Also, paralyze Tehran’s ability to export crude via dark tanker fleets to China (source of revenues). All while trying to avoid a humanitarian crisis. This will be very challenging for Israel. 

    There is no doubt that after IDF strikes Iran, IRGC will respond in a tit-for-tat effort… 

    “The Iranian Foreign Minister’s ongoing diplomatic flurry in the Gulf notwithstanding, Iran will have little choice but to follow up on its threats to strike Gulf energy infrastructure once Iran’s own energy facilities come under attack and it becomes clear – again – that Iran lacks the ability to cause commensurate damage in Israel…This is easy to envision before the end of the year,” Scott Modell, CEO at Rapidan Energy Advisors, wrote in a statement.

    Bloomberg noted Friday morning that people familiar with the matter indicate Biden admin officials have signaled to Saudi Arabia they’re on standby and ready to defend the Kingdom against an attack by Iran or its proxies.

    Here’s more from the report:

    The tacit offer, made in the past few weeks, has given Saudi Crown Prince Mohammed bin Salman and other Gulf Arab leaders some comfort as they await Israel’s response to Iran’s Oct. 1 missile attack, said the people, asking not to be identified discussing sensitive issues. Gulf states fear any escalation of the conflict could severely hurt their economic and security interests, the people said.

    In all fairness to Bloomberg journalists, the US doesn’t really have any other option to signal otherwise. 

    The vulnerability we see is precisely what Iran demonstrated in its drone and missile attacks at Abqaiq (the largest crude oil stabilization plant in the world) and Khurais in Saudi Arabia in 2019.

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    This Abqaiq refinery attack back then briefly shuttered 5% of the global oil supply. 

    There’s a very real risk that the next evolution of conflict could be IRGC striking oil assets in Saudi Arabia, or even causing trouble in the maritime chokepoint of the Strait of Hormuz – all in an effort to weaponize crude oil markets against the West and spark a financial shock. We’ve highlighted this potential scenario since early March in a note titled “The Weaponization Of Crude Could Trigger The Next Financial Shock.” 

    Tyler Durden
    Fri, 10/25/2024 – 19:40

  • Israeli Forces Attack Iran With "Precise Strikes On Military Targets" In Retaliatory Response
    Israeli Forces Attack Iran With “Precise Strikes On Military Targets” In Retaliatory Response

    Israel attacked Iran early Saturday morning local time with what it’s referred to as “precise strikes on Iranian military targets,” weeks after the Islamic Republic fired around 180 ballistic missiles towards Israel on Oct. 1. Blasts were reported near the headquarters of the Iranian Revolutionary Guard.

    In a rare announcement, the Israeli military said its strikes are underway, and that their “offensive and defensive capabilities are fully mobilized,” while the WSJ reports that Israel gave the US advance notice.

    “We were aware in advance,” said a US official.

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    According to unconfirmed reports, several explosions have been heard in Tehran. According to journalist Reza Rashidpour, five large explosions were heard in the city within around 10 seconds, while Iranian Air Force jets have taken off in the western part of the country, the NY Times reports.

    According to the Times

    Residents of Tehran reported hearing multiple explosions in and around the Iranian capital, and Iranian state media sites said the explosions were near or at Imam Khomeini international airport.

    Maryam Naraghi, an Iranian journalist, said she heard large explosions in the eastern part of Tehran, where she lives. “It was the sound of bombs and explosions,” she said. “It was very close to where I am in the eastern part of the city.” The area includes military bases and the secretive military site Parchin.

    Another Iranian journalist, Reza Rashidpour, said five massive explosions were heard in Tehran within about 10 seconds. He said Iranian air force jets had taken off in the western part of the country.

    Iranians have also reported hearing explosions in Isfahan, Mashhad, and Kurdistan province, while two senior Arab officials told NBC News that the initial strike on Tehran targeted barracks and a weapons depot.

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    Tehran has threatened to target Gulf states and other US allies if their territories or airspace are used to attack Iran – while Israel assured the US that it wouldn’t strike Iran’s oil or nuclear facilities.

    As Axios reports, US and Israeli officials believe Iran will respond military – but hope it will be ‘constrained’ in order to put an end to the tit-for-tat (ok).

    Driving the news: The U.S. military boosted its forces in the region in the last few weeks ahead of Israel’s possible attack on Iran.

    • U.S. officials said the goal was to deter Iran from responding and help Israel defend itself from another Iranian missile barrage.
    • President Biden and Secretary of Defense Lloyd Austin decided to deploy a THAAD missile defense system in Israel with a crew of U.S. military operators.
    • That means U.S. soldiers could actively engage in the fighting between Israel and Iran on Israeli soil.
    • On Friday, several hours before the Israeli strike, CENTCOM announced that U.S. Air Force F-16s from the 480th Fighter Squadron based at Spangdahlem Air Base in Germany had arrived in U.S. Central Command’s area of responsibility.

    Meanwhile, the FBI is investigating a leak of top secret US intelligence documents that revealed part of Israel’s upcoming strike on Iran.

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    Tyler Durden
    Fri, 10/25/2024 – 19:35

  • Quiet Before The Storm
    Quiet Before The Storm

    Authored by J. Peder Zane via RealClearPolitics,

    “I just can’t wait for this campaign to be over.”

           –The American people

    Enjoy these last nasty days of the presidential election – they are the quiet before the storm. As long as the race continues, each side’s anger is reined in by the hope of victory. Once a winner is declared, the loser’s rage will erupt. This political Vesuvius promises to inflame the land as events unfold in these final days to maximize furious disappointment

    Donald Trump’s side is becoming ever more confident of victory. In recent weeks, RealClearPolitics Polling Averages show Harris’ national lead evaporating while Trump has moved slightly ahead in all six battleground states. Betting markets are now giving Trump the edge.

    Still, the polls are very close, and Harris may win. If Trump could insist that he won the 2020 race when all the polls predicted his defeat, just imagine his response if he fails when he appeared to be succeeding. He will not go quietly into the good night.

    Kamala Harris, meanwhile, has settled on a closing argument that focuses on Trump’s alleged unsuitability for office. As the candidate herself describes her opponent as an unstable threat to the Constitution, her surrogates are once again comparing him to Hitler, Stalin, and Mussolini. They honestly believe this rhetoric, which will make it impossible for them to bow to his ascension.

    We have seen this movie before. The Democrats refused to accept Trump’s victory in 2016; he still won’t concede that President Biden won in 2020. As before, neither side will blame themselves for defeat; they will lash out at their perceived enemies. Each will advance their favored conspiracy theory – Trump will rail against the press and deep state, Democrats against foreign influence and misinformation – but both will cast the result as illegitimate.

    This is what happens when you are controlled by tribal emotion, when your politics are governed by psychology rather than policy. People have too much invested in the outcome – literally, their sense of self – to engage in soul searching (at least in the short run).

    Because of the different structures of each party, a Harris loss would be far more destructive to the country.

    In its current incarnation, the GOP is a bottom-up party. None of its ranking eminences wanted Trump to be the nominee in 2016; almost all of them hoped he would go away after his 2020 defeat. The MAGA rank and file felt differently.

    If Trump loses, he will fume and smolder and inflame the body politic. Millions of his supporters will be outraged. But they are largely powerless to influence events. Jan. 6 may have been a dark day in American history, but it was a brief action by a small number of people that was never repeated. Most Republicans condemned the assault and resigned themselves to living peaceably during the Biden presidency. If Trump loses once more, party leaders will, as in 2020, admit defeat and denounce efforts to overturn the result. Frankly, they will be happy to turn the page on the Trump era.

    The Democrats, by contrast, are a top-down party. While no one should be surprised by a repeat of the contained violence their supporters unleashed around Trump’s inauguration, the real action will occur once more in the corridors of power.

    In a repetition of Trump’s first term, party leaders will refuse to accept his election. An army of Democratic Party lawyers is amassed, awaiting instructions on how, and where, to challenge the results. If, as the polls suggest, Democrats retake the House, they have already floated the idea of refusing to seat him, invoking the Civil War-era 14th Amendment to claim he is a Jan. 6 “insurrectionist.” Assuming that gambit fails, they will almost certainly launch multiple impeachment efforts against him while their stenographers in legacy media continuously cast him as an existential threat to the Republic. As during Trump’s first term, every day will be a nonviolent version of Jan. 6. You cannot, after all, find common ground with Hitler.

    It pains me to say that the next four years will be more bitter than the last eight. We, the people, have painted ourselves into a corner by turning to the unforgiving world of politics to find identity and meaning. Will we ever find the courage to say enough?

    J. Peder Zane is a RealClearInvestigations editor and columnist. He previously worked as a book review editor and book columnist for the News & Observer (Raleigh), where his writing won several national honors. Zane has also worked at the New York Times and taught writing at Duke University and Saint Augustine’s University.

    Tyler Durden
    Fri, 10/25/2024 – 19:15

  • Owners Of Ship Involved In Baltimore Bridge Collapse Settle DOJ Lawsuit For $100 Million
    Owners Of Ship Involved In Baltimore Bridge Collapse Settle DOJ Lawsuit For $100 Million

    The owner and operator of the cargo ship that caused a Baltimore bridge collapse has agreed to pay nearly $102 million to settle a civil lawsuit with the Department of Justice, the DOJ announced Thursday.

    The Dali collided with one of the columns of the Francis Scott Key bridge in March, after the ship suffered mechanical issues, which caused the bridge to collapse and kill six workers. 

    The incident forced Baltimore to close its port and federal channel for months, which slowed commercial shipping traffic that flowed through Maryland’s largest city.

    As The Epoch Times’ Caden Pearson reports, the DOJ announced the settlement with Grace Ocean and Synergy Marine, the owners and operators of the Motor Vessel Dali, on Oct. 24.

    The deal resolves a portion of the legal dispute that began in September when the DOJ sued the companies for damages linked to the federal government’s response to the incident.

    The $101.9 million settlement will cover the federal government’s costs for cleaning up the wreckage and reopening the port. However, it does not address the cost of rebuilding the bridge itself, which the state of Maryland is pursuing in a separate claim.

    “Thanks to the hard work of the Justice Department attorneys since day one of this disaster, we were able to secure this early settlement of our claim, just over one month into litigation,” Benjamin Mizer, principal deputy associate attorney general, said in a statement.

    “This resolution ensures that the costs of the federal government’s cleanup efforts in the Fort McHenry Channel are borne by Grace Ocean and Synergy and not the American taxpayer.

    In a separate move, Grace Ocean has already paid nearly $100,000 to the Coast Guard to address the oil spill threat caused by the wreck.

    “This is a tremendous outcome that fully compensates the United States for the costs it incurred in responding to this disaster and holds the owner and operator of the Dali accountable,” said Brian Boynton, principal deputy assistant attorney general at the DOJ.

    The disaster occurred on March 26 when the Motor Vessel Dali lost power while departing the Port of Baltimore for Sri Lanka.

    After regaining and then losing power again, the ship struck the Francis Scott Key Bridge, causing it to collapse into the water below.

    The collapse halted shipping traffic in and out of the port for weeks and severed a critical highway connection.

    Federal, state, and local agencies worked together to clear over 50,000 tons of debris from the water. Shipping resumed by June after temporary channels were created to ease the jam.

    The $100 million settlement does seem a little shy of the estimates of the costs involved in rebuilding the bridge.

    As Shailen Bhatt, administrator of the Federal Highway Administration, confirmed to lawmakers in May, a preliminary estimate to replace the bridge at $1.7 billion to $1.9 billion. It will take four years to construct, with completion estimated to come sometime in 2028, he said.

    So while they may claim the “American taxpayer” is off the hook,  we suspect that is another lie (because the optics would be bad).

    Tyler Durden
    Fri, 10/25/2024 – 18:50

  • Election Battles For State Legislature Supermajorities Heat Up
    Election Battles For State Legislature Supermajorities Heat Up

    Authored by Austin Alonzo via The Epoch Times (emphasis ours),

    While Congress stagnates, America’s state houses are drafting and passing policies affecting millions. Now, more than ever, those legislative bodies operate without input from an opposition party or dissenting governor.

    Illustration by The Epoch Times, Shutterstock

    As of Oct. 21, there are 23 Republican trifectas, 17 Democratic trifectas, and 10 divided governments where neither party holds trifecta control, according to Ballotpedia. A trifecta means one party holds the state governorship and a majority in the state house and senate.

    Heading into November’s general election, legislative supermajorities exist in 57 of the 99 legislative chambers in the union, according to data compiled by state and local government consultancy Stateside.

    Republicans hold 41 of those veto-proof advantages, while Democrats own 20. All told, there is a partisan supermajority in at least one house of the Legislature in 35 of the 50 states.

    However, in 14 of those states, the supermajority is held by an advantage of three seats or less. Michael Behm, Stateside’s co-CEO and principal, told The Epoch Times that organizations aligned with the Democratic and Republican parties are spending heavily on down-ballot races that could make or break a supermajority in the coming legislative term.

    Even though voter interest is low in statehouse races compared with high-profile campaigns for national offices, Behm and others who spoke with The Epoch Times said the stakes are high. Most of the legislative actions that affect the public, such as policy on abortions, education, energy, health care, taxes, and transportation, come from decisions made in statehouses.

    With the federal government being so polarized and hamstrung these days, the action is at the state level,” Behm said.

    Supermajorities

    The definition of a supermajority varies from state to state. Generally, attaining a supermajority means a state legislative body has enough members from one party to pass laws without any votes from the minority party and enough votes to override the governor’s vetoes.

    Heading into the 2024 general election, Republicans hold a supermajority in both houses of the state Legislature in Alabama, Arkansas, Florida, Idaho, Indiana, Kansas, Kentucky, Louisiana, Missouri, Montana, North Carolina, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, Utah, West Virginia and Wyoming.

    Additionally, Republicans hold a supermajority in one chamber of the Legislature in Iowa, Mississippi, and South Carolina.

    Democrats own a supermajority in both houses of the state Legislature in California, Delaware, Hawaii, Illinois, Maryland, Massachusetts, New York, and Rhode Island. Democrats have a supermajority in one chamber of the state Legislatures of Colorado, Connecticut, and Nevada.

    Behm said that’s the largest number of supermajorities he has ever observed in state legislatures. Ideologically, the domination of the legislatures by a single party reflects intense political polarization in these states, he said.

    Chris Cooper, director of the Haire Institute for Public Policy at Western Carolina University, said a supermajority effectively limits the governor’s power to carry out policy priorities in a state with a divided government.

    Four governors—Kansas’s Laura Kelly, Kentucky’s Andy Beshear, North Carolina’s Roy Cooper, and Vermont’s Phil Scott—preside over divided state governments in which the opposition party holds a legislative supermajority.

    The four governors’ legislatures stripped them of much of their policymaking potency. In June, Scott, a Republican, told members of the news media, “I think the power has gotten to their head,” referring to the Democrat-controlled Vermont General Assembly’s overriding of six of his vetoes in a single override session.

    In North Carolina, a supermajority almost wholly nullifies the will of a governor who already commands limited influence under the state’s constitution, Chris Cooper said.

    With their supermajority, Republicans passed new abortion restrictions, drafted new election laws, and further throttled back Gov. Roy Cooper’s power during the most recent legislative session.

    They have taken away appointment power from the North Carolina governor,” Chris Cooper said. “They have made a number of changes that make the already powerful state Legislature into something even more powerful.”

    National Efforts

    Behm said the rise of legislative supermajorities can be attributed to growing involvement from national partisan groups known as 527 organizations. These are tax-exempt entities that can receive and spend unlimited amounts of money to influence federal, state, and local politics and elections.

    Three decades ago, statehouse races were usually local contests directed and financed by city and state chambers of commerce, unions, and other parochial political organizations, Behm said. Now, national groups such as the Democratic Legislative Campaign Committee (DLCC) and Republican State Leadership Committee (RSLC) invest vast national resources into the state’s legislative caucuses.

    Behm said both party committees use professionals to recruit candidates and organize the partisan campaigns designed to build majorities in statehouses.

    The New York State Assembly Chamber at the state Capitol in Albany, N.Y., on Jan. 16, 2024. Hans Pennink/AP Photo

    These 527 groups have turned state legislative races into national races,” Behm said.

    Chris Cooper said Republicans began to take over the statehouses in 2010 when the Republican Party introduced an initiative known as Project REDMAP. The plan called for investing huge sums into state legislative races that were previously overlooked in Washington and flipping chambers to the GOP.

    “They did as advertised,” he said. “They turned maps red.”

    Read the rest here…

    Tyler Durden
    Fri, 10/25/2024 – 18:25

  • Lebanon Expresses Outrage After Israeli Warplanes Strike Group Of Journalists: 'War Crime'
    Lebanon Expresses Outrage After Israeli Warplanes Strike Group Of Journalists: ‘War Crime’

    Lebanon has accused Israel of committing a war crime after a group of journalists in south Lebanon came under attack by Israeli warplanes. Three journalists were killed during an air raid on a hotel or guesthouse in Hasbaya, about 50km south of Beirut and near the Syrian border.

    BBC is reporting that “The attack was carried out on a guesthouse in a compound in Hasbaya being used by more than a dozen journalists from at least seven media organizations – with a courtyard containing cars clearly marked with ‘press’.

    Image: Associated Press

    The three slain journalists worked for regional broadcasters Al-Manar TV and Al Mayadeen TV, which confirmed the deaths in statements, identifying the deceased as Ghassan Najjar, Mohammad Reda, and Wissam Qassem.

    While Israel did not offer immediate comment, it might rationalize or seek to justify the killings given that Al-Manar is a Hezbollah-run news network, and Al Mayadeen is seen as pro-Iran.

    But Lebanon’s Information Minister Ziad Makary charged that this was an intentional assassination of journalists.

    “The Israeli enemy waited for the journalists’ nighttime break to betray them in their sleep… This is an assassination, after monitoring and tracking, with prior planning and design, as there were 18 journalists there representing seven media institutions. This is a war crime,” Makary wrote on X.

    Other reporters, including from MTV Lebanon were present during the attack but escaped unscathed. “All official parties were told that this house was being used as a stay-house for journalists. We coordinated with them all,” an Al-Jadeed journalist described during a subsequent live broadcast from the location.

    And an MTV Lebanon reporter, Youmna Fawwaz, detailed the following:

    She said ceilings had fallen in on them, and they were surrounded by rubble and dust, with the sound of fighter jets overhead.

    Each news organization had their own building in the compound, she said, and the building housing the Al Mayadeen reporters was “obliterated” while Al-Manar employees were inside.

    Images from the bombed-out scene indeed show cars with large English markings indicating ‘Press’…

    Getty Images

    Fawwaz further accused Israel of conducting assassinations in order to prevent the Lebanese correspondents from covering the fighting in the south. “The airstrike was carried out on purpose. Everyone knew we were there. All the cars were labelled as press and TV. There wasn’t even a warning given to us,” she said.

    Since the start of the conflict after Oct.7, 2023 – dozens of journalists have died – mostly in Gaza. Israel has particularly cracked down on Al Jazeera, expelling the Qatar-based network from Israel and the West Bank.

    Tyler Durden
    Fri, 10/25/2024 – 18:00

  • Is Kamala The Bigger Threat To The Constitutional Order?
    Is Kamala The Bigger Threat To The Constitutional Order?

    Authored by David Harsanyi via PJMedia.com,

    Vote. Don’t vote. I don’t care. Just stop telling me that Vice President Kamala Harris is going to save democracy.

    Do I wish Republicans had nominated a more coherent, principled, competent candidate for the presidency? Of course. But if anyone is under the impression Democrats tapped such a person, I have news. Spend some time trying to decipher Harris’ swirling, platitude-ridden, incoherent rhetoric and you will only be further convinced that we live in an idiocracy.

    Sure, there are many reasons why a movement conservative might feel uncomfortable voting for former President Donald Trump. I get it. I’m not a fan. But there are plenty of completely rational reasons to vote for him, as well. First and foremost, the existence of the contemporary Democratic Party.

    Liz Cheney, and other Never Trumpers, tell me that the former president poses a uniquely dangerous threat to the Constitution, and thus, I must set aside any policy disagreements with Democrats and put country over politics.

    No doubt, this kind of self-glorification feels great, but it doesn’t really comport with reality.

    For one thing, most of the Left’s scariest warnings about Trump are fiction. I don’t believe The Atlantic when it tells me that Trump is a would-be Hitler. I’m sorry, I don’t believe he’s going to throw all his political enemies in concentration camps. Save the story for the next Mueller investigation.

    Considering recent history, in fact, it’s clear to me that the Left is far more adept and willing to weaponize the state to punish their enemies. And I’m not just talking about the unprecedented lawfare launched at Trump. I’m talking about debarring lawyers. I’m talking about raiding the homes of pro-life activists. I’m talking about the spying on Catholic churches and the Justice Department’s chilling speech by smearing parents who stood up to authoritarian school boards as terrorists.

    Moreover, even if Trump acted on his worst instincts, the damage would likely be confined to his own presidency. Trump is about Trump. Harris and Democrats, though, have openly embraced a string of consequential, long-term attacks on the constitutional order. Ones that we can never come back from.

    Sorry, I don’t accept that a woman who once complained to CNN’s Jake Tapper that “millions and millions of people” were speaking “without any level of oversight or regulation, and that has to stop” is going to be my champion of the Constitution.

    Harris’ running mate Minnesota Gov. Tim Walz recently argued that there is “no guarantee” for free speech when it came to “misinformation” or “hate speech,” “especially around our democracy.” If this were a properly functioning republic, Walz would be thrown to the curb.

    No honest person could possibly believe Democrats are better for free expression.

    Let’s not forget either that Harris once promised to bypass Congress and sign an executive order seizing rifles from millions of law-abiding Americans. Though Democrats like to pretend otherwise, the Second Amendment is still part of the Constitution.

    Indeed, Harris is in no position to lecture anyone about any governing norms.

    She frequently praises Biden for ignoring courts and “forgiving” student loans by forcing taxpayers to foot the bill. She supports trashing the legislative filibuster, empowering slim majorities to destroy any semblance of federalism. Harris has backed bills that would have overturned thousands of state laws, allowing national Democrats to strip state election security measures, make abortion legal until crowning, compel local religious hospitals to perform gender transition surgeries, shut down religious foster care organizations, and many other outrages.

    None of this is to even speak of her efforts to destroy the Supreme Court. Harris, who gleefully took part in the vile smearing of Justice Brett Kavanaugh, supports packing the court — the most serious attack on the judicial branch since President Franklin Roosevelt’s effort in the 1930s. Senate Democrats say it is “virtually certain” they will pass a “Supreme Court reform” bill that, among other assaults on the judicial branch, will empower legislators to strip individual justices of their power.

    This is all just blatantly authoritarian stuff. 

    Right now — in part, because of Trump — the court is the only institution in the United States that properly functions. There is no telling what kind of arsonist Harris and Democrats would install.

    At the very least, I know Trump has a track record of not only nominating decent jurists but sticking with them under massive pressure.

    It is odd, indeed, that Democrats, who support price controls, state mandates and a slew of other economic intrusions that force corporations to bend to their will, are constantly warning us about the specter of “fascism.”

    We have no clue if the Trump presidency plays out. Trumpism is whatever Trump says it is whenever he feels like it. It might well be a disaster. But Harris offers me nothing.

    Tyler Durden
    Fri, 10/25/2024 – 17:40

  • At Least A Dozen Colorado Ballots Stolen And Mailed In, Officials Say
    At Least A Dozen Colorado Ballots Stolen And Mailed In, Officials Say

    Reinforcing concerns that many Americans have with voting that isn’t done in-person, at least 12 Colorado mail-in ballots were stolen, filled out with forged signatures, and submitted — and three of them are going to count anyway. Announced by state officials on Thursday, the thefts all affected voters in western Colorado’s Mesa County, but the discovery leaves people wondering how many other forged ballots may have gone undetected elsewhere in the state and across the country.

    “The Department of State learned that at least 12 ballots appear to have been intercepted before reaching voters,” said Secretary of State Jena Griswold’s office in a statement. “Those ballots were voted and then returned to the Mesa County Clerk and Recorder via USPS mailboxes. This issue was flagged during Colorado’s secure signature verification process.” 

    Secretary of State Jena Griswold said every voter will be able to “make their voice heard” — but previously tried to prevent Donald Trump from appearing on Colorado ballots (Photo: Jena Griswold / X)

    Rather than sending them upon request, Colorado mails ballots to every registered voter in the state — that’s about 4 million ballots making their way through the postal system and before being left in mailboxes, a great many of which are unsecured. In addition to returning ballots via the postal service, Coloradans can also use drop boxes

    Several of the victimized voters were surprised to receive notifications that their ballots — which they hadn’t submitted — required curing because their signatures didn’t match digital signatures in the state database. Griswold said the handwriting on multiple ballots seemed to indicate the same individual completed each of them. 

    While sharing some details about the theft, Griswold, a Democrat, was tight-lipped about the detail most people want to know: which candidate(s) were meant to benefit from this crime? If her name sounds familiar, it’s because Griswold attempted to exclude Donald Trump from Colorado’s 2024 ballots on the claim he’d incited an insurrection in 2021. In May, the US Supreme Court ruled against her. 

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    Perhaps the most troubling detail about the Mesa County situation is that three of the fraudulent ballots will not be removed from the count. They were flagged for review, but then a single election judge approved them all. After that action, there’s no mechanism for remedy or removal, officials say. The judge who approved the three forged ballots has been reassigned. “Everybody affected will be offered a new ballot,” Griswold told reporters.  

    “Colorado’s elections are safe and secure. This attempt at fraud was found and investigated quickly because of all the trailblazing processes and tools Colorado has in place like signature verification, ballot tracking, and the curing process,” said Griswold. “Every eligible Colorado voter will be able to make their voice heard this election.” Griswold’s boast seems excessive, given 25% of the known fraudulent ballots are being counted anyway. Uneasy Colorado voters can check the status of their ballots by visiting Go Vote Colorado.  

    Mesa County is in Colorado’s expansive 3rd congressional district. It’s currently represented by Republican Rep. Lauren Boebert, but she’s now making a run to represent eastern Colorado’s 4th district instead. She only won reelection in 2022 by about 500 votes and would have faced long odds against the same better-funded opponent, Adam FrischThe Economist projects Boebert will win the 4th-district in a landslide. Neither of Colorado’s Senate seats are up for election this year. Meanwhile, Polymarket gives Kamala Harris a 94.8% chance winning Colorado’s 10 electoral votes

    Tyler Durden
    Fri, 10/25/2024 – 17:20

  • WaPo Editor Quits, Staff Has Total Meltdown After Non-Endorsement Of Kamala Harris
    WaPo Editor Quits, Staff Has Total Meltdown After Non-Endorsement Of Kamala Harris

    Update (1716ET): Time for another bag of popcorn!

    In response to Jeff Bezos’ decision not to endorse a presidential candidate this year, staff are having a total meltdown, liberals are canceling their subscriptions, and editor-at-large Robert Kagan (husband of Victoria Nuland) just quit.

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    According to Semafor, “people are shocked, furious, surprised,” one WaPo editorial board member told the outlet, citing internal discussions involving resignation. “If you don’t have the balls to own a newspaper, don’t.”

    Meanwhile, the paper’s chief technical officer is having engineers block reader questions about the non-endorsement on their internal system.

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    One editorial board member tells Brian Stelter that Bezos’ decision is “an outrageous abdication of responsibility. Democracy doesn’t die in darkness, it dies when people anticipatorily consent to a fascist’s whims.”

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    Subscriptions are being canceled. Reeee!

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    *  *  *

    Update (1450ET): The Washington Post has shed light on their decision not to endorse a presidential candidate for the first time in more than 30 years, revealing that “The decision not to publish was made by The Post’s owner – Amazon founder Jeff Bezos.

    The paper also admits that a Harris endorsement had been drafted by staffers but Jeff killed it.

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    And employees are seething but not coping, according to Semafor’s Max Tani.

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    What happened?

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    Look out, Jeff!

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    *  *  *

    Three weeks ago, the Teamsters Union became the second major union to announce that they would not endorse a presidential candidate after internal polling revealed 58% of its members back Trump vs. 31% for Harris.

    That was understandable – their own members overwhelmingly rejected Harris.

    This is different.

    On Friday, the Washington Post announced that it would not endorse a candidate for president either, for the first time in 36 years.

    “The Washington Post will not be making an endorsement of a presidential candidate in this election. Nor in any future presidential election. We are returning to our roots of not endorsing presidential candidates,” the outlet said in a statement.

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    Colleagues are said to be ‘shocked’ at the decision, according to NPR.

    The editorial page editor, David Shipley, told colleagues that the Post’s publisher, Will Lewis, would publish a note to readers online early Friday afternoon.

    Shipley told colleagues the editorial board was told yesterday by management that there would not be an endorsement. He added that he “owns” this decision. The reason he cited was to create “independent space” where the newspaper does not tell people for whom to vote.

    Colleagues were said to be “shocked” and uniformly negative. Post corporate spokespeople have not responded to multiple messages left by NPR on the subject.

    As NPR‘s David Folkenflik notes on X, “It is not clear whether Post owner Jeff Bezos or Publisher/CEO Will Lewis made the call.

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    As Mario Nawfal noted on X,

    The Post has primarily endorsed Democratic candidates for nearly a century, with only 3 Republicans since 1928.

    Here’s a complete list of presidential candidates endorsed by The Washington Post since 1928, which highlights the significance of their 2024 decision to skip endorsements:

    • 1932 to 1944: Franklin D. Roosevelt (Democrat)

    • 1948: Thomas Dewey (Republican)

    • 1952 & 1956: Dwight D. Eisenhower (Republican)

    • 1960: John F. Kennedy (Democrat)

    • 1964: Lyndon B. Johnson (Democrat)

    • 1968: Hubert Humphrey (Democrat)

    • 1972: George McGovern (Democrat)

    • 1976 & 1980: Jimmy Carter (Democrat)

    • 1984: Walter Mondale (Democrat)

    • 1988: Michael Dukakis (Democrat)

    • 1992 & 1996: Bill Clinton (Democrat)

    • 2000: Al Gore (Democrat)

    • 2004: John Kerry (Democrat)

    • 2008: Barack Obama (Democrat)

    • 2012: Barack Obama (Democrat)

    • 2016: Hillary Clinton (Democrat)

    • 2020: Joe Biden (Democrat)

    The move comes after the Los Angeles Times similarly declined to endorse Harris – leading to the resignation of the paper’s opinion editor, Marzel Garza.

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    Wow…

    Developing…

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    Tyler Durden
    Fri, 10/25/2024 – 17:17

Digest powered by RSS Digest

Today’s News 25th October 2024

  • Turkey Bombs US Proxies In Northeast Syria Following Ankara Terror Attack
    Turkey Bombs US Proxies In Northeast Syria Following Ankara Terror Attack

    Via The Cradle

    Turkey conducted several airstrikes and artillery shelling across US-controlled north and east Syria late on Wednesday, targeting positions held by the Kurdish Syrian Democratic Forces (SDF).

    The attacks targeted several villages and sites in the Syrian provinces of Aleppo, Raqqa, and Hasakah. One of the attacks hit an SDF military outpost in the countryside of the city of Al-Malikiyah, at the Syrian–Turkish–Iraqi tri-border region. Turkish artillery also hit SDF sites in the village of Umm al-Kaif in the countryside of the town of Tal Tamr, northwest of Hasakah.

    Illustrative via Anadolu Agency

    According to field sources who spoke with Sputnik, Turkish artillery shelling hit the villages of Al-Sayyada, Aoun Al-Dadat, Al-Tukhar, and Al-Daraj.

    On Thursday, the UK-based Syrian Observatory for Human Rights (SOHR) reported that the attacks killed at least “27 members of military formations operating in SDF-controlled areas,” three soldiers from the Syrian Arab Army (SAA), and at least four civilians

    For its part, Turkiye’s Ministry of National Defense said 32 targets in Syria and Iraq were “destroyed” in the aerial offensive without providing details on the locations that were hit. Officials added that “all kinds of precautions” were taken to prevent harm to civilians.

    The intense attacks were launched hours after armed assailants set off explosives and opened fire at the headquarters of the Turkish Aerospace Industries (TUSAS) in Ankara, which designs, manufactures, and assembles civilian and military aircraft, unmanned aerial vehicles (UAVs), and other defense industry and space systems.

    Turkish Interior Minister Ali Yerlikaya and Defense Minister Yasar Guler accused the Kurdistan Workers’ Party (PKK) of being behind the attack

    “We give these PKK scoundrels the punishment they deserve every time. But they never come to their senses,” Guler said. “We will pursue them until the last terrorist is eliminated.”

    At least five people were killed and 22 injured in the Ankara attack. Two attackers – a man and a woman – were also killed.

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    Turkey regularly conducts air strikes against the PKK in Iraq and against the SDF in Syria. In 2014, the US military began partnering with the Kurdish People’s Protection Units (YPG), an offshoot of the PKK. The YPG later changed its name to the SDF.

    Together, the US and its Kurdish proxies occupy Syria’s northeast, including Hasakah, Raqqa, and parts of Deir Ezzor, denying Syria access to its oil resources and wheat-producing agricultural land.

    Wednesday’s attack in Ankara came as Turkish President Recep Tayyip Erdogan was in the Russian city of Kazan to attend the annual BRICS summit. He condemned the “hateful attack” alongside Russian President Vladimir Putin.

    Tyler Durden
    Fri, 10/25/2024 – 02:00

  • Can BRICS Deliver On Its Promises?
    Can BRICS Deliver On Its Promises?

    Authored by RFE/RL Staff via OilPrice.com,

    • Putin is using the BRICS summit to project strength and counter Western isolation, while also pushing for initiatives like an alternative payment system and grain exchange.

    • BRICS members are divided on their approach to the West, with some seeking to reform the current international order and others aiming to dismantle it.

    • Despite its growing economic influence, BRICS faces internal challenges and a mixed track record in achieving its goals.

    As Russian President Vladimir Putin hosts leaders for the 16th annual BRICS summit, he’s determined to show the West that he still has important allies by his side after nearly three years of attempts to isolate Russia for its full-scale invasion of Ukraine.

    But while Putin is getting the optics he wants, what kind of an organization is BRICS actually growing into?

    Finding Perspective: 

    The summit in Kazan, which began on October 22 and will run until October 24, is the first meeting for the group since Egypt, Ethiopia, Iran, and the United Arab Emirates joined past members Brazil, Russia, India, China, and South Africa.

    Putin is looking to use BRICS, or BRICS+ as the expanded format is sometimes termed, to signal that Russia has plenty of influential friends, despite its pariah status in the West.

    The summit is intended to showcase the group’s collective economic might and also entice new countries into a coalition that Moscow and Beijing hope will help form a new world order not dominated by the West.

    In Kazan, Putin is expected to push negotiations to build an alternative platform for international payments that would be immune to Western sanctions.

    Russia, the world’s top wheat exporter, will also propose the creation of a BRICS grain-trading exchange as an alternative to Western markets where international prices for agricultural commodities are set.

    But not all BRICS members completely align with the anti-Western stance coming from Beijing and Moscow and this divide could come out in Kazan.

    The Balancing Act: 

    While all BRICS members may be united in the “belief that the current structures that govern the international order and the global economy are unfairly weighted toward the Western world,” Stewart Patrick, a senior fellow at the Carnegie Endowment for International Peace, told me, there is a division between China, Iran, and Russia, which want to unseat the current order, and others who want to reform it.

    Many BRICS members, like Brazil and India, still work closely with the United States and other countries in the West, even as they seek to gain more global leverage.

    For many of the new members, with the exception of Iran — and also for many that have applied to join recently — BRICS holds mostly economic appeal.

    Members and would-be members alike are also looking for alternative sources of financing than available from the World Bank and International Monetary Fund (IMF), and are looking to gain better access to burgeoning markets that could better define the global economy in the coming decades.

    Why It Matters: 

    Beyond the financial appeal of the bloc, many countries also view BRICS as a form of geopolitical insurance.

    And that hedge is even more relevant given added unpredictability brought to the United States in recent years.

    Still, the divisions within BRICS — and the bloc’s so far thin track record in delivering on its initiatives — could continue to hold it back.

    China, Iran, and Russia represent a group within BRICS that are grappling to varying degrees with U.S. sanctions and fighting different types of proxy battles with the United States around the world.

    Others, like Egypt, are leading recipients of U.S. military aid or like the United Arab Emirates, host U.S. military bases.

    Adding to those difficulties in articulating what a shared vision for the BRICS would look like, China and India have difficult relations, while there is little warmth to be found between Arab states and Iran.

    Tyler Durden
    Thu, 10/24/2024 – 23:25

  • Visualizing The Cost Of The American Dream In 2024
    Visualizing The Cost Of The American Dream In 2024

    Today, the rising cost of living is making the American dream increasingly difficult to achieve.

    While pandemic-led wage growth boosted real incomes, it followed five decades of stagnant wage increases. At the same time, housing prices have soared. Pushing up prices are a limited supply of homes, with home construction plummeting 55% compared to 2006. Together, these broad economic forces have made it harder to get ahead, even with a competitive salary.

    This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the estimated cost of the American dream per household over the course of their lifetime, based on analysis from Investopedia.

    The American Dream Costs a Hefty $4.4 Million

    Below, we breakdown each aspect of the American dream by their lifetime cost as of 2024:

    The total cost of the American dream is no small sum—$4.4 million—exceeding the average lifetime salaries of both men ($3.3 million) and women ($2.4 million) with a Bachelor’s degree.

    Overall, the largest cost is paying for a comfortable retirement. Here, it takes $1.6 million in savings, assuming a 4% annual withdrawal rate and inflation averaging 2.5% per year to retire for 20 years. Notably, the decline in private pension schemes has played a large role in making financial security in later years harder to achieve compared to previous generations.

    Unsurprisingly, owning a home was the second-biggest expense, at $930,000 for an existing single-family home. Given the surging cost of home prices, 77% of U.S. households are unable to afford a median-priced home in 2024.

    As fertility rates in America hit historic lows, raising two children and sending them to college would cost $832,000 overall. Today, 36% of Americans under 50 who don’t have children cite affordability concerns as a major reason for not having kids. Moreover, average college tuition costs have climbed a remarkable 748% since 1963, after adjusting for inflation.

    Following a similar trend, wedding costs, too, have skyrocketed. Between 2019 and 2023, average costs increased by $4,000 alone amid inflationary pressures and pandemic backlogs. Today, it costs over $44,000, including the ceremony, reception, and engagement ring to say “I do”.

    To learn more about this topic from a home ownership perspective, check out this graphic on the salary needed to buy a home in 50 U.S. cities.

    Tyler Durden
    Thu, 10/24/2024 – 23:00

  • The Navy Needs Advanced Guns And Cheaper Missiles To Defend Against Drone Swarms
    The Navy Needs Advanced Guns And Cheaper Missiles To Defend Against Drone Swarms

    Authored by Mike Fredenburg via The Epoch Times,

    In order to defend its ships and defeat its enemies, our Navy needs to employ inexpensive, highly effective missiles such as those Israel is now making standard on its ships. It also needs to take advantage of the great strides in gun technology to provide its ships with a big boost in air defense capabilities.

    As it stands, the Navy is paying far too much for missiles, but getting more value for our defense dollar has gained in urgency as we have seen the proliferation of cheap drones costing well under $20,000 that can severely damage a ship. While one of these cheap drones is highly unlikely to sink one of our destroyers, a single drone of this ilk is perfectly capable of damaging or destroying critical communications systems, radars, etc. And a large swarm of these drones is very much a threat to any ship in our fleet.

    The problem is that, currently, the main weapons we can deploy to defend against these cheap drones are expensive missiles that range in cost from more than $900,000 to more than $4 million each. Even if we can count on these missiles to be 100 percent effective, using them to defend against an opponent that can direct hundreds of drones at one of our ships, or even thousands over an extended period, makes relying on these expensive missiles unsustainable.

    Fortunately, there is a solution to the problem of our missiles costing many times what they should—and its name is Tamir. The Tamir missile is the toothy part of Israel’s C-Dome system, which itself is the marinized version of Israel’s famed Iron Dome air defense system. At only $50,000 each, Tamir missiles are more than a match for any drone and can also be used to destroy both cruise and ballistic missiles. And with 43 miles of range, they can destroy drones and missiles that our ships in the Red Sea have been forced to destroy using multi-million-dollar missiles because they have nothing less expensive they can use.

    But cheaper, far more cost-effective missiles are only one element of what our Navy needs to face the dangerous new world of cheap lethal drone swarms.

    Another key element is to take advantage of advanced guns that can easily destroy dozens of incoming drones for a fraction of the cost of a missile.

    A great example of such a gun is Oto Melara’s 76-mm Super Rapid. While the Super Rapid can fire unguided rounds, its real strength comes from its ability to fire both GPS-guided rounds and radar-guided rounds.

    In particular, its semi-active radar-guided round, the DART, was designed to kill both missiles and small boats, and is very capable of destroying much slower, more fragile drones. Indeed, the Italian Navy has already been using the Oto Melara 76 mm guns on its destroyers to shoot down Houthi drones threatening shipping in the Red Sea.

    While there is no formal figure published, with the cheap drones being quite slow, typically well under 200 miles per hour, as well as being more fragile than a typical cruise missile, it seems likely, given its reported capabilities, that a single Super Rapid could engage and destroy over a dozen at a time. Couple this with a full magazine of C-Dome Tamir missiles, and you have a ship capable of not only defending itself but also of defending other ships within at least a 30-mile radius and up to 40 miles in some cases.

    In terms of cost, the Super Rapid is a bargain, with the 17,000-pound system coming in at an estimated $3 million: less than it costs to buy one of the $4.3 million SM-6 missiles that have been used in the Red Sea. While there is no published price list for the DART ammo, purchasing them by the hundreds of thousands of rounds should enable volume pricing of less than a few thousand dollars per round, potentially allowing a ship equipped with these guns to destroy cheap drones for less than what it cost the enemy to acquire them.

    Of course, along with hard-kill solutions like guns and missiles, our military needs to be working to develop and deploy electronic warfare solutions that will jam, disable, or even gain control over enemy drones. However, such soft-kill systems do not negate the need for guns and missiles capable of killing drones; instead, they are complementary.

    Finally, while integrating C-Domes and Super Rapid gun systems into our warships will cost a lot of money, given the exorbitant cost of the missiles our ships are currently using to destroy $5,000 drones, the payback period of such an investment would be short, resulting in a Navy better able to defend itself and other ships for less money.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden
    Thu, 10/24/2024 – 22:35

  • North Korean Troops In Ukraine Are 'Fair Game' To Attack, White House Warns
    North Korean Troops In Ukraine Are ‘Fair Game’ To Attack, White House Warns

    The White House and Pentagon have put Russia and North Korea on notice, following several international reports alleging that North Korea has sent troops to fight alongside Russian forces in Ukraine.

    “If they are co-belligerents, if their intention is to participate in this war on Russia’s behalf, that is a very, very serious issue,” US Defense Secretary Lloyd Austin said while returning from his fourth visit to Kiev, where he announced the latest $400 million arms package.

    White House: John Kirby 

    Starting last week, South Korean intelligence backed claims by President Zelensky which said at least 10,000 North Korean troops are mustering in Russia to deploy in Ukraine. Seoul also claimed that 1,500 DPRK are already in Ukraine’s east.

    White House national security spokesman John Kirby on Wednesday described that the US assesses that at least 3,000 North Korean soldiers arrived at Russia’s Pacific port of Vladivostok. They reportedly arrived by boat earlier this month.

    “These soldiers then travelled onward to multiple Russian military training sites in eastern Russia, where they are currently undergoing training,” Kirby said.

    “We do not yet know whether these soldiers will enter into combat alongside the Russian military, but this is certainly a highly concerning probability,” he continued. And that’s when he added the warning and threat:

    …should they deploy to fight against Ukraine, “they’re fair game”.

    Yonhap News Agency had previously reported that the country’s main intelligence agency, NIS, assessed that Pyongyang has made the decision to deploy four brigades to Ukraine, which amounts to an estimated 12,000 troops.

    In a Tuesday evening address, President Zelensky echoed this figure, saying: “We have information that two units of military personnel from North Korea are being trained – potentially even two brigades of 6,000 people each.”

    Zelensky has further commented that this is a sign of the war’s growing internationalization in Moscow’s favor. He has demanded that his Western backers respond.

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    Already, Pyongyang has long faced accusations that it is shipping weapons, and especially artillery shells, to Russian forces for use in Ukraine.

    Kiev has spoken of an ‘axis’ which is at war against Ukraine, including Russian, Iran, and now North Korea.

    Tyler Durden
    Thu, 10/24/2024 – 22:10

  • Biohacking To Better Health
    Biohacking To Better Health

    Authored by Isabella Cooper via The Brownstone Institute,

    People have always been fascinated with immortality. While great gains in medical care have enabled lifespan extension, this has often come with the price of co-existing with chronic diseases associated with aging, such as cardiovascular diseases, cancer, type 2 diabetes mellitus (T2DM), hypertension, and dementias such as Alzheimer’s and Parkinson’s disease.

    The true “aim of the game” is to have a long healthspan with negligible senescence. This means the absence of biological aging, such as reducing functional decline in organs and whole-body fitness, delaying loss of reproductive capabilities, and delaying death risk with age progression. What we really want is to extend youth, not aging. In achieving that, we may begin to push the envelope on increasing healthy lifespan. 

    Aging at the cellular level is determined by the cellular rate of damage versus rate of repair. Accumulation of aging-associated damage manifests as cells no longer “behaving correctly” as part of a collective that make up tissues of an organ, like cancer cells.

    In healthy individuals, damage accumulation is managed through apoptosis, which is controlled cell death, and refined cellular housekeeping including autophagy and mitophagy; the “eating up, breaking down, and recycling” of damaged inner-cell (intracellular) components (organelles). The nutrient glucose and the hormone insulin govern cellular quality control. Intracellular housekeeping enables the culling of inefficient and toxic cells from the herd. Over time a cell’s ability to trigger apoptosis becomes impaired, enabling gradual dysfunction to sneak by under the radar. Over time, the accumulation of these dysfunctional cells within an organ promotes development of disease. 

    Humans are multicellular organisms within which our healthy cells operate collectively. In order to have a long healthy lifespan, our cells must not only live longer, but they must also function correctly. Cancer cells are long-lived and capable of unlimited replication; however, they evade apoptosis, and become selfishly primordial, regressing back to single-cell organism behaviour. Our goal is to maintain optimal organ function, ensuring ourselves a long healthspan with negligible senescence and perhaps a touch of immortality.

    Mitochondria are intracellular organelles; these organelles are remnant symbiotic protobacteria, originating from proteobacterium that came to live within an archaeal-derived host cell which was most closely related to Asgard archaea (a recently identified group of ancient single-celled organisms). Put simply, a foreign single-celled ancient bacteria came to live inside the cells that eventually evolved into us. The Asgardian endocytosed proteobacteria evolved into mitochondria; through a process called endosymbiosis the two became interdependent. They now support us and we support them. Our cells, with mitochondria and other organelles within them, are called ‘eukaryotic’ cells. 

    Mitochondria have their own genome; polycistronic circular DNA, whilst their inner matrix membranes are rich in a phospholipid cardiolipin. Both of these features are common to bacteria and not to the eukaryotic nuclear DNA and other organelles of multicellular animals, other than those digesting mitochondria. Mitochondria produce the majority of our life-sustaining energy whilst also acting as a source of destruction for most of our cells. This occurs due to their use of oxygen to break down nutrients, in order to capture energy and store it in the energy carrier molecule ATP. Their (and so our) need and use of oxygen is both life-giving and corrosive; complete oxidation of glucose produces more oxidative damage than oxidising fatty acids, and in the process produces excess superoxide, a form of oxygen with an added electron which is termed a free radical.

    Mitochondria also produce hydrogen peroxide, the same found in your household drain cleaner, albeit at a much lower concentration. Chronic low-grade elevated levels of reactive oxygen species (ROS) harm our cells. Achieving balance between “burning” glucose or fatty acids requiring oxygen to provide energy for our body (good) and producing corrosive substances (bad), is hormesis, like the “Goldilocks zone.” ROS toxicity is a key player in aging, as too much of it will decrease healthspan and lifespan. 

    The majority of ROS in cells is produced by mitochondria. Some amount is necessary for health, while excess causes damage; again, this requires balance or hormesis. ROS are also mitochondrial-signalling molecules, communicating to the nucleus and altering gene expression. This begs the question; what drives cellular behaviourgenes in the nucleus, or mitochondrial signals? The right amount of ROS causes production of new healthier mitochondria, excessive ROS increases damage over repair, accumulating toxic wayward mitochondria. Cancer cells consistently have damaged mitochondria; the same is also found in cardiovascular disease, Alzheimer’s, and Parkinson’s disease, and many of the diseases that we have just accepted as part of aging.

    As mentioned above, we can produce energy from fat or from glucose (a sugar) through our cooperative mitochondria. The amount of glucose exposure (predominantly from dietary sources and also made and secreted into the bloodstream by the liver) is critical in achieving this balance between our mitochondria helping or harming us. Insulin is produced in response to carbohydrate intake (sugars such as glucose, starch, and sucrose), increasing absorption (and use) of glucose by our cells and mitochondria and reducing fat-burning (beta-oxidation and subsequent ketosis).

    To simplify, we mostly use either glucose from carbohydrates to produce energy with our mitochondria, or fatty acids from food or our fat cells, or ketones from breakdown of fat, to produce energy through an alternative metabolic pathway, called ketosis.

    Calorie restriction (carbohydrate restriction) in yeast, nematode worms, and mice to primates increases lifespan with healthspan by inducing ketosis. It causes insulin to become low enough to allow ketogenesis (a product from beta-oxidation, the burning of fat) to occur. Upregulated fat-burning results in the production of molecules called ketone bodies, mainly by the liver (endogenous synthesis).

    One of these ketone bodies is beta-hydroxybutyrate (BHB), derived from fatty acids that come either from our fat cells or from a meal. The ketone BHB is a fuel and signalling molecule, causing mitochondria and nuclei to adapt to metabolic changes. Fasting-mimicking diets such as time-restricted feeding, and very low carbohydrate/healthy fat diets (also known as ketogenic diets) also induce ketosis without the conscious effort of calorie restriction

    These diets high in healthy fats (such as animal fats) and low in sugars/starchy carbohydrates lead to decreased insulin and glucose and increased ketones (BHB) in the bloodstream. Over time this induces intracellular machinery changes, shifting the body’s metabolism to fuelling itself mainly off fat and ketones instead of sugar (glucose). Ketosis increases intracellular housekeeping activity, enabling cells to remove and replace damaged organelles. It also allows more time for DNA to be checked by DNA housekeeping proteins that are able to prevent propagation of DNA duplication errors into daughter cells, thus reducing cancer and other age-related disease development. Ketosis has been shown to hold a hint of an elixir to a healthier if not longer life. 

    In contrast, high carbohydrate diets, providing glucose through starchy carbohydrates like bread, pasta, rice, corn, and sucrose found in cane sugar, high fructose corn syrup, coconut sugar, fruit, and honey, all stimulate insulin secretion. Prolonged hyperinsulinaemia increases the risk of development of Alzheimer’s disease, malignancies, cardiovascular disease, and T2DM. While insulin is essential to life, excess insulin (due to these high carbohydrate diets) leads to hyperinsulinaemia, which is implicated in chronic diseases and aging. Decreased insulin demand is shown to increase healthspan and lifespan. Insulin also causes cells to replicate faster, decreasing the pauses to check DNA copy quality, telling cells that food is abundant and therefore “there is no need to keep a tight ship.” 

    Insulin is the aging hormone, and a dietary pattern that regularly triggers too much insulin secretion prevents our ability to produce ketones, including BHB. Insulin suppresses ketogenesis (ketone production), depriving us of BHB’s anti-aging properties. The endogenous production of BHB, a powerful antioxidant that directly neutralises free radicals and ROS, has been shown to improve and prevent chronic diseases associated with aging conditions. So, we can control much of our aging by our dietary choices. Ketones such as BHB are produced when we are not overstimulating insulin secretion and requirement through our dietary choices. 

    We are often advised to eat to keep up our energy and health. However, perhaps a little less results in a little more with regards to healthspan and lifespan, and instead of calorie restriction, we can bio-hack through either eating as much as we want once a day, or eating non-insulin-stimulating foods. Doing both will further enhance their effects. The results are the same as fasting and calorie restriction, less insulin, and more ketones, in turn translating into healthier cells, a healthy you, and a chance to realise your maximal lifespan potential.

    *  *  *

    Link to donate to support Isabella D. Cooper’s research in Ageing Biology, Age-Related Diseases, and Longevity at the University of Westminster, UK. This is one of few academic research groups in the diet and metabolism area free from food industry sponsorship. One hundred percent of donation funds go towards active laboratory-based research, with zero funds lost to administrative costs.

    Tyler Durden
    Thu, 10/24/2024 – 21:45

  • NextEra "Evaluating" Restart Of Iowa's Only Nuclear Plant As 'Next AI Trade' Gains Steam
    NextEra “Evaluating” Restart Of Iowa’s Only Nuclear Plant As ‘Next AI Trade’ Gains Steam

    Following the news of the Three Mile Island nuclear plant restart near Harrisburg, Pennsylvania, and the Biden administration supplying a $1.5 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, along with AmazonMicrosoft, and Google all jumping on the nuclear trade via the “next AI trade,” the atomic era continues blasting off with news that another dormant nuclear plant, this time in Iowa, is slated for a possible restart.

    On a Wednesday earnings call, NextEra Energy CEO John Ketchum told investors that the company may restart the shuttered 600-megawatt Duane Arnold Energy Center (DAEC), Iowa’s only nuclear power plant. It’s located on the west bank of the Cedar River, about eight miles northwest of Cedar Rapids. 

    Earnings call… 

    As a top operator of all forms of power generation, we often get asked about nuclear and gas,” Ketchum told investors. 

    He explained, “Let me start with nuclear. Nuclear will play a role, but there are some practical limitations. Remember, on a national level, we expect we are going to need to add 900 gigawatts of new generation to the grid by 2040,” adding, “There are only a few nuclear plants that can be recommissioned in an economic way. We are currently evaluating the recommissioning of our Duane Arnold nuclear plant in Iowa as one example.” 

    DAEC began operations in early 1975 and operated for decades. In August 2020, the facility’s cooling towers were damaged in a weather-related event, and repairs were deemed uneconomical. NextEra owns about a 70% stake in DAEC.

    Jefferies analyst Dumoulin Smith told clients in a note that DAEC would be costly to restart…

    “We believe a Duane Arnold restart is challenging, given the plant damage and robust regional wind generation.”

    Bloomberg quoted NextEra Energy President Rebecca Kujawa as saying that DAEC’s potential customers could include two Fortune 50 customers: 

    “This is a robust sign of a significant, broad-based demand,” Kujawa said on the call. “They have big, important and urgent energy needs.” 

    The latest news from big tech firms diving into nuclear and reviving the industry provides a substantial tailwind for our “Next AI Trade” which we laid out in April as our long-term favorite trade, and where we outlined various investment opportunities for powering up America, playing out.

    Here’s our latest coverage of the big atomic revival:

    Let’s take a step back to December 2020, nearly four years ago, when we first introduced the nuclear theme to readers with the headline: “Buy Uranium: Is This The Beginning Of The Next ESG Craze.” 

    Tyler Durden
    Thu, 10/24/2024 – 21:20

  • Rural Landowner Sues After State Searches Property Without Warrant Or Consent
    Rural Landowner Sues After State Searches Property Without Warrant Or Consent

    By Chris Bennett of AgWeb

    Twice accused, twice vindicated, and twice insistent on the sanctity of the Fourth Amendment. After Tim Thomas’ property was entered and searched on multiple occasions by state officials without warrant or consent in 2023, he filed a federal lawsuit challenging the power of water conservation officers to access private property.

    “All other law enforcement officials at every level must have a warrant to do what a water conservation officer did around my house,” says 62-year-old Thomas. “I’m suing to get a law changed because this should never happen to anyone else. I want people to know what’s gone on at my property, and to my family, and how our rights were trampled.”

    Wherever and Whenever?

    On May 13, 2023, Thomas’ wife, Stephanie, was alone inside the couple’s single-story lakeside cottage at the end of a gravel road on the shoreline of 80-acre Butler Lake in Pennsylvania’s Susquehanna County. Their property encompassed less than 1 acre of ground, including a dock and 300’ of shoreline.

    Together, the couple owned Thomas’ Chimneys & Stoves in nearby Kingsley. “We had the business for 42 years,” Thomas says. “I’ve always respected the law and done my best to serve the community as a deacon and citizen. People are blown away when they hear what happened on our quiet property.”

    Pennsylvania statue allows PFBC to enter property without consent, probable cause, or warrant—with no limits on duration, frequency, or scope.
    (Photo by IJ)

    Diagnosed with breast cancer in 2022, Stephanie was non-ambulatory during a period of recovery following a round of stage 4 treatment. According to the complaint filed in Thomas’ subsequent lawsuit via representation by Institute for Justice (IJ), Stephanie heard someone loudly knocking on the front door of the cottage. The individual then went around the side of the house, past no-trespassing signs, entered the back yard, walked onto the back porch, and began “pounding” on the back door. Stephanie did not know the individual at her doorstep was Water Conservation Officer (WCO) Ty Moon of the Pennsylvania Fish and Boat Commission (PFBC).

    Alarmed, Stephanie used a walker to retreat to a bedroom. Per the complaint: “While pounding on the front and back doors of the cabin, WCO Moon yelled, ‘I know you’re in there,’ and ‘I’m going to call the police.’”

    (Citing open litigation, PFBC declined comment related to Tim Thomas’ lawsuit.)

    “She peeked through the drapes and saw a man she didn’t know in dark clothes yelling, and she managed to get into our room,” Thomas describes.

    While Stephanie hid, Moon peered in the windows and then moved about the property, according to Thomas, taking pictures of the home, motor vehicle, and pontoon boat.

    The ball began rolling on a steady chain of glaring constitutional violations, contends IJ attorney Kirby West: “The government cannot go wherever and whenever it wants—that’s the very reason for the Fourth Amendment in the first place. We see a lot of cases where government goes overboard, but this statute is the plainest example I’ve seen that contradicts the Fourth Amendment on its face.”

    Search, Seizure, Citation

    On Mother’s Day, May 14, a day after WCO Moon entered their property, the Thomas duo stopped roadside, roughly 1 mile from home. “We were on our way back from church and I pulled over to pick Stephanie her favorite flowers—lilacs,” Thomas recalls.

    “In memory of my wife, and to ensure no other families are dealt with by the state like this, I’m making a stand,” says Thomas.

    “As I was picking, a white truck pulled in front of us, and a tall man I didn’t know came angrily towards me, shouting that he’d seen me fishing the day before and claiming I had refused to talk to him. He got up close and started yelling in my face that he’d ‘get to the bottom of things,’ but I had done nothing wrong and had no idea what he was talking about. Other than the knocks on the door the day prior, this was the first time either Stephanie or myself had met or even heard of Ty Moon.”

    Four days later, a PFBC citation arrived in the mail, accusing Thomas of fishing without a license and fleeing on May 13: Def. did willfully refuse to bring boat to a stop, flee after given an audible signal. Thereafter, attempted to elude a WCO.

    “We were accused of trying to get away from Ty Moon while fishing. It was preposterous,” Thomas says. “My wife with stage 4 cancer fleeing from the law on the water? Supposedly Moon was onshore, and we fled by boat. We never saw him, don’t know where he was standing, and certainly didn’t run away. Bottom line, the charges were bogus, but that’s why he came knocking later at our house.”

    Since age 12, Thomas had obtained Pennsylvania hunting and fishing licenses. He had never been ticketed for a wildlife violation in his life—until May 2023.

    In response to the citation and a fine nearing $462, Thomas telephoned Moon’s superiors and sent a letter of complaint to Captain Tom Edwards, manager of PFBC’s northwest region. Edwards personally called Thomas; all charges were dropped.

    “I considered it over,” Thomas says. “My wife didn’t. She told me, ‘Whatever is going on, I don’t think he (Moon) is through with you.’”

    Several months later, Moon was back on Thomas’ property for another search, seizure, and citation.

    Vendetta?

    At roughly 9 a.m., on Aug. 12, 2023, Thomas piloted his pontoon boat home after fishing on Lake Butler.

    As Thomas pulled to his dock, WCO Moon approached Thomas’ property on foot, walked along the driveway to the side of the cabin, entered the back yard via a gap between bushes and structure, and passed by a bathroom window—ignoring a total of four no-trespassing signs, according to the complaint.

    “I’m willing to invest whatever time it takes so nobody else has to go through the loss of basic constitutional rights,” says Thomas.

    Arriving at the dock, Moon accused Thomas of exceeding regulation by fishing with eight rods/lines. “Untrue charges,” Thomas says. “But in that moment, Ty Moon’s charges weren’t my main concern. I was worried about Stephanie.”

    In accessing the back yard, Moon had walked by a window where Thomas’ wife was bathing. “The house was our sanctuary after Stephanie was diagnosed, and because of the way we set up the bushes and landscaping, the bathroom provided her with a place to soak and look out at the scenery in total privacy with the curtains open, just inside the window in a clawfoot tub—the same window where a state water officer had just come within an arm’s length.”

    “I wanted him off our property and away from the window where my wife—a cancer patient—was exposed.”

    Thomas informed Moon he was trespassing, and insisted on continuing the conversation on the public road. Once the men were out of the back yard and on the edge of the driveway, Moon asked for Thomas’ fishing license and boat registration. Thomas provided the license. However, the registration was inside the boat.

    Thomas offered to get the registration. Moon declined, announcing his intention to reenter the back yard to obtain the paperwork and perform a safety inspection on the boat. Despite Thomas’ protests, Moon walked back to the dock and boat. Moon returned—and then announced he need to return to the dock a third time to confiscate Thomas’ fishing rods.

    “Three times,” Thomas says, “with me telling him no, over and over. Three violations of our private space while my wife was dying. Officer Moon knew my wife was a cancer patient because I told him. It’s hard to describe the frustration and needless abuse of power.”

    After confiscating Thomas’ rods, Moon ended the encounter with a $354 citation for fishing with eight rods/lines: Def. did fish with more than the maximum amount of devices while in Commonwealth waters.

    Thomas says the charges are false. “Officer Moon said he’d been watching me with binoculars since around 8 a.m. from a boat ramp several hundred yards away and could see eight lines in the water. No way, period. I had three lines in the water and no more. And who believes he just happened to be on the shore, just passing by the area, on tiny Butler Lake? I suspect he had a vendetta against me; that’s my opinion.”

    29 Hours

    In November 2023, several months after the second citation, Thomas appeared in Magisterial court. The PFBC citation stated Thomas had eight lines in the water—therefore Thomas owed $354. Case closed.

    “The evidence didn’t matter,” Thomas says. “I was supposed to accept the fine and shut up. No. I place the highest value on individual liberty and there are tremendous repercussion effects when the government abuses power.”

    Beyond his main vocation as a chimney business owner, Thomas often drove for Lyft and Uber. After the criminal citation was filed, he automatically lost both driving jobs—banned by both companies due to the legal violation.

    Thomas appealed the PFBC citation to a Commonwealth court. On June 5, 2024, Thomas’ case was heard. “The judge actually was interested to know all the evidence, and when he heard what Moon claimed to have seen and what Moon did, he knew things weren’t adding up. We won—for the second time.”

    However, Thomas’ court victory was bookended by the heaviest blow of his life: 29 hours after the judge’s decision, Stephanie lost her cancer battle and passed away.

    “In memory of my wife, and to ensure no other families are dealt with by the state like this, I’m making a stand,” Thomas says. “In open court, out loud, Officer Moon said he wasn’t bound by no-trespassing signs, and said he had a mandate to go anywhere. He is wrong because private property is sacred. The Fourth Amendment and its protection from search and seizure is the only thing standing between us and tyranny.”

    No Monetary Gain

    According to 12 words of Pennsylvania state code, PFBC officials have authority to “enter upon any land or water in the performance of their duties.” The statue provides wide latitude for PFBC to enter onto any property without consent, probable cause, or warrant—with no limits on duration, frequency, or scope.

    Represented by Institute for Justice (IJ), Thomas sued PFBC in September 2024.

    The PFBC statute provides water conservation officers with more latitude than all other types of law enforcement, says IJ attorney West. Even the wide-ranging Open Fields doctrine (currently under legal challenge in multiple states) denies government representatives the power to enter curtilage—the greater yard area surrounding a home. Yet, PFBC asserts power beyond Open Fields.

    “The Commission believes these types of invasions, such as happened at Tim Thomas’, are within their law enforcement powers,” West adds, “but when people first hear about Tim’s case, it doesn’t make sense to them because they know it’s an obvious violation of the Fourth Amendment.”

    Thomas and Institute for Justice await an answer from PFBC to the initial lawsuit filing.

    “There is no monetary gain for me to fight this, I only want this statute declared unconstitutional, so the next landowner or homeowner is protected,” Thomas concludes. “Our framers would roll in their graves to see this case, and I’m willing to invest whatever time it takes so nobody else has to go through the loss of basic constitutional rights.”

    Tyler Durden
    Thu, 10/24/2024 – 20:55

  • "Artificial Gut Intelligence" Comes To Your Toilet 
    “Artificial Gut Intelligence” Comes To Your Toilet 

    A new Austin, Texas-based health startup sells a camera with artificial intelligence software that monitors gut health by snapping pictures of feces.

    “Throne is a first-of-its-kind health solution that allows you to track your gut health and hydration from the comfort and privacy of your own home,” Throne wrote on its website, calling its camera that clips on the side of a toilet bowl “artificial gut intelligence.”

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    The website continued, explaining the device uses a “downward-facing camera that sits elegantly on the edge of your toilet bowl, capturing essential health insights and nothing else.” 

    The device collects poop data, using AI to analyze each image, aiming to determine if the user is hydrated, how well expensive vitamins and probiotics are absorbed, and whether there are any unique food sensitivities or intolerances based on the composition of the stool. 

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    The focus is mainly on an aging population and those with chronic digestive conditions, such as inflammatory bowel diseases, that are surging in the population, likely because of processed foods

    So does ‘AGI’ really mean ‘artificial gut intelligence’ or ‘artificial general intelligence’ ?.. 

    Tyler Durden
    Thu, 10/24/2024 – 20:30

  • A Much-Needed Bonfire Of Regulations
    A Much-Needed Bonfire Of Regulations

    Authored by Jeffrey Tucker via The Epoch Times,

    The word deregulation is back, thanks mostly to Elon Musk’s strong emphasis on this as essential to restoring America’s prosperity. There are too many regulations, too many laws, too many rules. Of that there is surely universal agreement. No one approves of the unfathomable, convoluted, expensive, and internally contradictory thicket that has emerged over the decades.

    In fact, Justice Neil Gorsuch has a new book with the title “Over Ruled.” It is outstanding with a focus on all the ways in which government imposition hobbles the freedom we are supposed to be guaranteed in the United States.

    “The truth is, something’s happening in our country,” he writes.

    “Law is multiplying, and its demands are growing increasingly complex. So much so that ordinary people are often caught by surprise, and even seasoned lawyers, lawmakers, and (yes) judges sometimes struggle to make sense of it all.

    “At the most basic level, law in our country has simply exploded. Think Congress is wracked by an inability to pass legislation? Less than a hundred years ago, all of the federal government’s statutes fit into a single volume. By 2018, the U.S. Code encompassed 54 volumes and approximately 60,000 pages. Over the last decade, Congress has adopted an average of 344 new pieces of legislation each session. That amounts to about 2 to 3 million words of new federal law each year. Even the length of bills has grown—from an average of around 2 pages in the 1950s to 18 today.”

    “Still, these figures from Congress only begin to tell the story. Federal agencies have been busy, too. They write new rules and regulations implementing or interpreting Congress’s laws. Many bear the force of law.”

    Years ago, I began to notice how household items were not working anymore. The showerheads are federally regulated to restrict flow, as are the toilets and garbage disposals. The mandated designs and blueprints make all the products worse.

    The new gas cans are awful, while the old ones sell for a premium. I was mowing the lawn and found that it kept getting clogged because of a lack of airflow. Sure enough, the functioning was hobbled by safety regulations that forced the cage ever lower to the grass surface, to the point that the machine does not do what it is supposed to do.

    Indeed, it is hard to think of a single product you use that is not trapped in some kind of forced design emanating from a federal bureaucracy. This pertains to everything in your house but also to every business, all the way down to the fabric of the aprons in every restaurant. These are just federal laws but state and local ones also add to the burden.

    Ask any real estate developer and he will tell you the reason for the housing shortage.

    It comes down to extreme controls on every single step in hiring and building. The customer ends up paying in two ways: higher prices and less choice.

    Gorsuch notes: “If you’re a budding pasta entrepreneur, take note: by federal decree, macaroni must have a diameter between 1.1 and .27 inches, while vermicelli must not be more than .06 inches in diameter. Both may contain egg whites—but those egg whites cannot constitute more than two percent of the weight of the finished product.”

    Every product in the grocery store is regulated this way. Ever wondered why the meat stock you buy at the store is mostly water with not much stock? That is heavily regulated. As I’ve pointed out before, the United States is one of the few countries in the world that requires eggs to be washed before being sold, which means that they have to be refrigerated. First-time visitors to the United States are amazed at this.

    It’s true with meat: it is simply not possible to raise a cow and sell the meat without jumping through many regulatory hoops and using independent processors. This has benefitted agri-business but has been very harmful for small farmers. Small farmers suffer daily because of this.

    Elon himself has told stories about how his Starship launches are routinely delayed by crazy mandates. His recent launch-and-catch had to be delayed for studies on how the landing would impact the sharks, the whales, and the hearing of the seals. And that’s just the start of it. All of Elon’s companies are facing an astonishing blizzard of attacks from agencies.

    Truly, there are no words to describe the reach and scope of the regulatory state. It’s a minefield with no map and danger with every step. If you have ever attempted to start a business, you know. Every industry faces huge compliance costs. It’s not just capital you have to spend. You need lawyers. You need consultants. You need, above all, time, and lots of it.

    People imagine they will go into business only to discover that the vast amount of their focus is not on serving the customer but on compliance and administrative red tape. Just try hiring one employee from New York, for example.

    The array of bureaucracies who want a piece of you will amaze you. They all charge for everything they do. They will send letters demanding more with no end in sight. And this is just for one employee. Once the staff grows so do the mandates and the legal risks.

    You no doubt have stories of friends who attempted to start a business and gave up. I know of many.

    The bureaucracies simply cannot sit still. They make new rules and regulations daily if only to foil industry, with not a care about what it costs or the impact on economic growth and job creation. The United States has created whole industries entirely devoted to smoothing compliance.

    The word “deregulation” doesn’t quite describe the fullness of what we need. The United States needs a raging bonfire of regulatory codes, one that should last for months. What is the path to achieving that? As Gorsuch says, it is not up to the judiciary to make a fundamental difference. That is the job of the legislatures.

    In the late 1970s, there was a bipartisan consensus to deregulate three industries: trucking, energy, and telecommunications. All three initiatives were a huge success and the prosperity of the 1980s is owed to these emancipations.

    The reason the word “deregulation” fell into disrepute is due to the financial deregulation of 1983, which freed up the banking sector which caught blame for every crisis that followed from the S&L debacle to the 2008 financial crisis. There is a strong reason to believe the assignment of blame here is correct. The problem traces to the doctrine of too-big-to-fail made possible by the Federal Reserve.

    There will always be problems with deregulation so long as the government’s printing presses are still in operation. Sadly, these issues added some discredit to the whole idea of deregulation.

    Another point to remember: you can still have the good kind of regulation in absence of government intervention. Every professional field has an oversight organization that certifies credentials even apart from any government mandate. And consider the role of Underwriters Laboratory (UI), founded in 1894 and still in wide operation with more credibility on safety than any government agency.

    Even if dozens of agencies were abolished, there would be private associations still around to regulate but they will do so with a market-based focus, the way UI does today.

    Another market-based form of regulation is reputation. When you buy online, do you look at reviews? Of course you do. This is a method by which quality is assured in our times. User ratings have a much larger role in our buying decisions than any administrative edict.

    In other words, deregulation does not mean anything goes. It means that society itself is in the position to provide market standards of quality. If the federal Food and Drug Administration were abolished, for example, we might well end up with safer food and more effective drugs. For one thing, all the indemnifications for vaccines would disappear, making companies legally liable for damages.

    There is an ongoing controversy to figure out what to do about agency capture wherein the largest private companies operate a revolving door with the regulators and game the system against startups. The best and most effective answer to agency capture is simple: eliminate the agency and the laws and legislation that sustain them.

    We should all be thrilled about the new push for another round of genuine deregulation. Agency compliance is too expensive, too arduous, and too ubiquitously threatening for free enterprise to thrive. In an ideal world, the government would only do what is mentioned in the Constitution and nothing more. That would mean cutting back the regulatory state by 90 percent or more.

    This is not possible in four years but something has to give. We need a dramatic turn against force and toward freedom in the management of our economic lives.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden
    Thu, 10/24/2024 – 20:05

  • US & Israeli Spy Chiefs Head To Doha To Restart Gaza Ceasefire Talks
    US & Israeli Spy Chiefs Head To Doha To Restart Gaza Ceasefire Talks

    Is the expected Israeli attack on Iran on hold until at least after the weekend? It sure looks that way…

    “Mossad chief David Barnea will travel to Doha on Sunday to try to restart discussions on a deal to release Israeli hostages held in Gaza and halt the war between Israel and Palestinian terror group Hamas,” Israeli media reports Thursday.

    CIA chief Bill Burns is also headed to the Gulf, where Secretary of State Antony Blinken is already holding meetings with allied Gulf officials in Doha.

    Mossad Director David Barnea (left) & CIA Director William Burns in 2021. source: GPO

    Netanyahu’s office has confirmed that the Mossad chief will meet with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, alongside the CIA’s Burns.

    “At the meeting, the parties will discuss the various options for advancing the negotiations for the release of the hostages held by Hamas, against the backdrop of recent developments,” the Israeli prime minister’s office said.

    On and off negotiations of the past several months made zero progress, which each side blaming the other for thwarting the potential for ceasefire in Gaza.

    These new expected weekend efforts seem doomed to the same fate – the only difference being that Hamas leader in Gaza Yahya Sinwar is dead.

    This raises a crucial question: who is calling the shots on the Hamas side? Speculation has landed on the man who has been the main political spokesman in the wake of Sinwar’s death in Rafah earlier this month:

    The officials said that Khalil al-Hayya, Sinwar’s deputy and the group’s most senior official outside Gaza, is considered a strong candidate.

    Al-Hayya, who is based in Qatar, currently leads the Hamas delegation in ceasefire talks between the group and Israel, and possesses a deep knowledge, connection and understanding of the situation in Gaza.

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    Kickstarting these new high level negotiations again could just be a political tactic by Netanyahu and Mossad, given the ongoing pressure from the hostage victims’ families to get the captives freed.

    There’s also the US election, less than two weeks away, and the Biden-Harris administration perhaps needs to show some level of a diplomatic ‘win’ or at least ‘progress’ that they can put before the voting public. But amid very heavy fighting in northern Gaza, and reports of famine spreading in the south, all of this seems too little too late.

    Tyler Durden
    Thu, 10/24/2024 – 19:40

  • UN Report: Women Have Lost 900 Medals To 'Transgender' Athletes
    UN Report: Women Have Lost 900 Medals To ‘Transgender’ Athletes

    Authored by Eric Lendrum via American Greatness,

    A new report from the United Nations reveals that almost 900 medals that should have gone to female athletes have instead been awarded to biological men who believe themselves to be “transgender.”

    As reported by Fox News, the report was carried out by Reem Alsalem, the UN Rapporteur on Violence Against Women.

    The findings were titled “Violence against women and girls in sports.”

    Alsalem reveals that over 600 athletes failed to receive medals in over 400 competitions across 29 different sports, with the total amount of lost medals being just over 890.

    “The replacement of the female sports category with a mixed-sex category has resulted in an increasing number of female athletes losing opportunities, including medals, when competing against males,” his report states.

    The information collected for the study goes up to March 30th of this year.

    In the most recent example, the Ladies Professional Golf Association (LPGA) approved the participation of a male golfer in the most recent tournament, despite 275 female golfers signing onto an open letter denouncing the decision as unfair to women.

    Elsewhere, San Jose State University’s volleyball team has faced four different forfeitures by rival teams due to the team’s decision to allow a male to compete on the women’s team.

    The male player, who goes by the name Blaire Fleming, recently spiked a volleyball right into a rival team member’s face with extremely violent force, drawing attention to the disparity between the strength of women and the strength of biological men.

    As a result of Fleming’s participation, San Jose State player Brooke Slusser has joined a lawsuit against the NCAA, claiming that she was forced to share a locker room and a bedroom with Fleming without being told that Fleming is a male.

    “This is huge, especially coming from the UN…” Riley Gaines told “Fox and Friends” on Wednesday.

    “One girl being exploited in locker rooms, one girl being injured in their sport is one too many.”

    Amid growing backlash, there have been numerous efforts to crack down on so-called “transgender” participation in sports, across several international sports bodies as well as over two dozen American states.

    Tyler Durden
    Thu, 10/24/2024 – 19:15

  • San Francisco Hit With Credit Downgrade Over CRE Apocalypse
    San Francisco Hit With Credit Downgrade Over CRE Apocalypse

    Moody’s Investors Service downgraded San Francisco’s credit rating, indicating the city’s sluggish recovery from the virus pandemic and the ongoing tech exodus, wreaking havoc on the commercial real estate market. Not mentioned in the report is the crime and chaos sparked by disastrous policies pushed forward by radical leftists in City Hall, which have only transformed some parts of the city into third-world conditions.

    Bloomberg reports that Moody’s downgraded San Fran’s credit rating to Aa1 from Aaa. This might trigger an avalanche of other downgrades from credit rating agencies in the weeks and or months ahead. Both S&P Global Ratings and Fitch Ratings maintain AAA grades as of Wednseday. 

    Analysts at Moody’s explained their decision for the downgrade:

    “The sea change in office employment to a hybrid work model and reduction in commuting to the city’s office core have led to reduced economic activity, very high vacancy rates, and depressed rents.” 

    The credit rating downgrade is just the latest challenge facing Mayor London Breed, who recently had to close a $789 million deficit in a new two-year budget cycle. This downgrade will only make it more expensive for the city, plagued with violent crime and chaos because of failed progressive policies, to borrow in the municipal bond market.

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    A 2022 report from the city’s top economist forecasted that persistently low office occupancy could cause the city to lose $200 million in property tax revenue by 2028. 

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    In June, Barclays analysts told clients, “While we are not overly concerned about San Francisco’s credit quality, it will likely experience credit pressure for the foreseeable future, which could negatively affect the city’s ratings, as well as the ratings of some of its related credits.” 

    Those analysts said real estate property taxes represent about 60% of the city’s local tax revenue, and they warn that revenues won’t move much higher through the end of the decade. This might suggest that the deficit explodes from here = higher taxes = more exodus. 

    Here’s our latest reporting on the CRE mess in the metro area: 

    As long as Democrats are in charge of San Francisco, the metro area is locked in a doom loop that should only worsen. 

    Tyler Durden
    Thu, 10/24/2024 – 18:50

  • Victor Davis Hanson: Kamala's Inane Talking Points
    Victor Davis Hanson: Kamala’s Inane Talking Points

    Authored by Victor Davis Hanson via American Greatness,

    As Vice President Kamala Harris slips in the polls, the Democratic National Committee/Harris Campaign/mainstream media fusion talking points become even more absurd.

    Claiming that J.D. Vance and Donald Trump were “weird” did not work—especially given the genuinely odd behavior of vice presidential candidate Tim Walz and would-be First Gentleman Doug Emhoff.

    Nor was the next Harris meme convincing that the frenetic and non-stop Trump was somehow “exhausted,” “senile,” and “confused.”

    Voters know the workdays of the younger Harris are usually far shorter—or sometimes not workdays at all.

    But Harris also falsely claimed the physically and mentally challenged Biden was, in her words, “absolutely authoritative” and “very bold and vibrant.”

    Now Harris asserts that Trump is a “fascist,” a “dictator,” and “unfit” for office. But this new talking point will also not stop the Harris campaign’s hemorrhaging—and for a variety of reasons.

    First, voters see the election as a conflict of two absolutely antithetical visions.

    On the one hand, is the prior Trump 2017-20 concrete record: border security, no major wars abroad, calm in the Middle East, a deterred Russia, Iran, and China, low inflation, low interest rates, lower crime, lower taxes, strong deterrent military—and opposition to mandatory electric vehicle mandates, biological males competing in women’s sports, and the woke/DEI agenda.

    On the other hand, is the Biden-Harris 2021-2024 record: the unchecked entry of 12-20 million illegal aliens and a destroyed border. People still struggle under Biden-Harris’s earlier hyperinflation and high interest rates. The horrific regional wars in Ukraine and the Middle East continue. Biden-Harris embraces the unpopular DEI/Woke agenda.

    Harris herself knows that the Biden-Harris years were a failure. That is why she has shed almost all of their hard left-wing agendas—policies she has embraced for much of her adult life.

    So suddenly, in the last 90 or so days, Harris has completely flipped and flopped.

    Now she is for more of, not defunding, the police. She pivots for a secure border, not 20 million illegal aliens pouring across it. Harris brags about fossil fuel energy, not banning fracking, and for increasing, not cutting, defense.

    In fact, several endangered incumbent Democrat senators in swing states are claiming more allegiance to Trump’s issues than identifying with Harris and her unpopular record as vice president.

    Voters likely conclude that if Trump doubles down on his record, while even Harris and many senators temporarily piggyback on it, then it must be more effective and popular than Harris’s own.

    Second, Harris now claims Trump is a fascist and insurrectionist.

    But mouthing ad nausaem “January 6th” no longer persuades voters that Trump is a danger to anyone. They recall that Harris bragged of the far more violent demonstrations of 2020—35 killed, $2 billion in damage, 1,500 law enforcement officers injured, 14,000 arrested—that the unrest would not and “should not” stop, while drumming up support to bail out jailed violent protestors.

    Nor does the slur that Trump is a fascist resonate. The Obama and Biden-Harris administrations weaponized the CIA and FBI to interfere in the 2016 and 2020 elections by peddling the fake Steele dossier and suppressing all the embarrassing news about Hunter Biden’s incriminating laptop.

    Trump certainly did not coordinate, as Biden did, with local, state, and federal prosecutors to wage lawfare prosecutions to destroy his political opponents. He did not use the FBI to partner with social media to suppress the news.

    Neither Trump nor his supporters tried to remove Biden from state ballots.

    The Republican House majority did not impeach Biden twice despite the Biden family’s corruption and Joe Biden’s unlawful, decades-long removal of classified papers to several insecure private residences.

    Trump and the Republicans never coercively removed the party’s primary-winning nominee. They did not nullify the will of 14 million primary voters. And in backroom fashion, they did not anoint a candidate who had never entered a single primary in her life.

    Nor did Trump support packing the Supreme Court. He does not seek unconstitutional means of destroying the Electoral College. He is not demanding an end to the Senate filibuster or the creation of two new states to obtain four partisan senate seats.

    Third, as for Trump being “unfit” and lacking “decorum,” it depends on what were the Biden-Harris standards?

    Having a trans activist reveal his breasts on camera at a White House “pride party?”

    Biden’s reportedly calling Israeli Prime Minister Benjamin Netanyahu “a f—ing idiot” and “son of a b—ch?” Bragging about locking Trump up, while waging lawfare against him?

    Unleashing son Hunter Biden with impunity to shake down foreign governments?

    The election will not be decided on these empty talking points or fake media-generated narratives.

    Instead, only two criteria matter: Which candidate’s past record and current agenda best appeal to voters? And which candidate seems the most authentic and genuine?

    Tyler Durden
    Thu, 10/24/2024 – 18:25

  • People Are Back And "Demanding Beach Front Houses" Days After Florida Ravaged By Hurricanes
    People Are Back And “Demanding Beach Front Houses” Days After Florida Ravaged By Hurricanes

    Everybody said no one would want to wind up back in Florida after it was ravaged by two hurricanes this month…and once again, it looks like “everyone” is wrong.

    Such was the conclusion of a recent Bloomberg article which detailed “one of the largest real estate brokerages in Boca Grande, a village on Florida’s Gasparilla Island” which has seen immediate demand following the storms. 

    “We’re already having people calling, investors, some bottom fishers, saying, ‘I will buy anything in cash and close in two weeks,’” brokerage founder Michael Saunders told Bloomberg. 

    He added: “People’s memories are short when it comes to the disastrous things that come with a storm. They forget and are right back demanding beach front houses.”

    Milton was the third hurricane to hit the island in two years, the report notes. In 2022, Ian flooded streets and damaged roofs. Helene followed this September, surging through dunes and mangroves, leaving two feet of water in Boca Grande’s shops.

    Just ten days later, Milton struck again, flooding luxury homes, condos, and downtown businesses still recovering from Helene. It knocked out power and water, tore up banyan-lined roads, and left sand drifts around the Gasparilla Inn, a favorite of the Bush presidential family.

    Boca Grande, post-storm / Bloomberg

    The Bloomberg article says that Boca Grande, long associated with old money, saw property values soar during the pandemic, with median home prices more than doubling to $4 million since 2019, per Redfin. However, home sales have recently dropped to a quarter of their 2021 peak, mirroring a 30% decline statewide.

    After Hurricane Milton, Lee County Sheriff Carmine Marceno flew in by helicopter, offering what he called a “concierge-level” response. Crews quickly cleared five-foot sand drifts, allowing workers to restore power, repair roads, and dig out luxury homes.

    Marceno said: “People needed to know we are here. Our mission was to get this place open, so people could come back to check their property.”

    Glenn Scarpa, owner of restaurant Scarpa’s Coastal, said he’s tired of rebuilding. Milton flooded his restaurant with over three feet of water, hitting before it even dried out from Helene.

    He said: “The boo-hoo period is over, and now I just have to focus on rebuilding my life — again. What more can I do?”

    Down the beach, Milton ended the short-lived revival of South Beach Bar & Grille, which had reopened only weeks after being destroyed by Hurricane Ian. The storm shattered windows, eroded sand, and cracked the foundation. Co-owner Marco Meola fought back tears as he surveyed the damage.

    Meola said: “Hurricane Ian was really devastating, an emotional roller coaster that took a lot of toll on us, and now this. We feel like if we can survive that, we can come back from this.”

    Tyler Durden
    Thu, 10/24/2024 – 18:00

  • McDonalds Where Trump 'Worked' Hires Private Security After Deranged Leftist Threats
    McDonalds Where Trump ‘Worked’ Hires Private Security After Deranged Leftist Threats

    Authored by Steve Watson via Modernity.news,

    The McDonald’s franchise in Pennsylvania where president Trump visited and worked a shift, sending leftists into one of the all time seethiest of meltdowns, has been forced to hire private security because of a barrage of threats.

    Trump worked the fry station and served customers at the drive-thru in Bucks County this past weekend, in one of the greatest election stunts ever.

    Now franchise owner, Derek Giacomantonio has had to retain the private security personnel he hired for Trump’s visit to protect his store and staff in the wake of threatening messages and phone calls from TDS sufferers.

    The Daily Caller reports that Trump Jim Worthington, who organised Trump’s visit and led Pennsylvania’s delegation at the Republican National Convention, has revealed “There was chatter…There’s been messaging and phone calling and social media where people have made threats and said they are going to do this or that.”

    One Bucks County resident told the outlet that she visited the McDonalds with her four sons, noting “We walked in. It seemed fine. We ordered and we sat down, but then we looked to our left, and there were several armed guards just sitting there.”

    The resident added, “One of [the guards] stepped outside, and I saw him walking around our car. I thought he was checking if we have our insurance or something…Then [my husband and I] are like, ‘these guys are security;’ ‘these guys are really watching and seeing what’s going on.’ It was then I made the connection [to Trump].” 

    Worthington noted that Mr Giacomantonio, who wisely doesn’t want to do any media appearances, “has maintained the security there at his expense,” adding “I asked him, ‘can we help you defray those costs?’ He said ‘absolutely not. This is, sadly, a cost of doing business, but I value my employees and my customers so I’m willing to bear that cost.’”

    Worthington also stressed that despite the threats, business is booming at the branch, noting “the community is really embracing it, and a lot of people have come in here since Sunday just to patronize the restaurant.”

    He added, “a lot of people anticipated [a boycott] would happen, because that is typical for some Democratic supporters to do, but [the business] hasn’t been hurt.”

    Trump’s visit to the store was so successful that the leftist media is still complaining about it, almost a full week later, as documented in the thread below.

    Click through to see every butthurt story they published.

    *  *  *

    Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

    Tyler Durden
    Thu, 10/24/2024 – 17:40

  • Putin Warns Against 'Illusory' Attempts To Defeat Russia & America's 'Big Mistake' Of Weaponizing Dollar
    Putin Warns Against ‘Illusory’ Attempts To Defeat Russia & America’s ‘Big Mistake’ Of Weaponizing Dollar

    On the final day of the BRICS summit hosted in the Russian city of Kazan, President Vladimir Putin warned that efforts to defeat Russia on the battlefield are “illusory”.

    Moscow’s adversaries “do not conceal their aim to deal our country a strategic defeat,” Putin told the summit. “I will say directly that these are illusory calculations, that can be made only by those who do not know Russia’s history.”

    BRICS family photo

    He described that the Ukraine conflict has essentially become a proxy war, as “Ukraine is being exploited to create critical threats to Russia’s security at the expense of its vital interests.”

    He also said the West is “ignoring… legitimate concerns and violating the rights of Russian-speaking individuals” – in reference especially to the Russian-speaking Donbass region in the East, which Moscow forces have been solidifying control over.

    He also addressed the creation of a stable and fair Eurasian security order, through alliances like BRICS. “The idea is that by joining efforts, we can reliably guarantee genuine stability and create conditions for the peaceful development of all states and peoples on the continent,” Putin stated.

    Turning to the Gaza crisis, he stressed that though Russia stands against terrorism, the region is “on the brink of full-scale war.” He argued that the establishment of an independent Palestine in some form is vital. “Addressing the historical injustice towards the Palestinian people could guarantee peace in the Middle East,” Putin said.

    The BRICS family photo has expanded from year to year, reflecting the admission of new members:

    https://platform.twitter.com/widgets.js

    He hit upon the familiar them of multipolarity in world affairs, and condemned forces that seek to “dominate everything and everyone.” Of the Western drive to control the world, he described in the Thursday address that “As a result, regional and global strategic stability is eroded, violating the principles of equal and indivisible security and triggering transnational and internal conflicts.”

    And on Washington’s “big mistake” of ‘weaponizing’ the dollar, he said: “The dollar remains the most important instrument of world finance and using it as a means of achieving political goals undermines confidence in this currency and reduces its capabilities.” He explained that Russia is not trying to drop the dollar, but is actually “prevented from working with it” – and so “Then we are forced to look for other alternatives, which is what is happening.”

    Venezuela’s President Nicolás Maduro had some fiery words related to wars in the Middle East, and called out Israel…

    https://platform.twitter.com/widgets.js

    China’s President Xi Jinping in addressing the forum said BRICS could be a “stabilizing force for peace.” On the Middle East, he said “We need to continue to push for a ceasefire in Gaza, relaunch the two-state solution and stop the spread of war in Lebanon.”

    Xi added: “There should be no more suffering and destruction in Palestine and Lebanon.”

    Xi and Putin shared a very lively private chat, and have been frequently seen together at the BRICS summit in Kazan, Russia:

    https://platform.twitter.com/widgets.js

    During the summit, the February 2022 Russian invasion of Ukraine didn’t got without criticism. United Nations Secretary-General Antonio Guterres, who is later expected to meet one-on-one with President Putin, described that the full-scale invasion sets a “dangerous precedent” for the world.

    Tyler Durden
    Thu, 10/24/2024 – 17:20

  • Inflation & Social Decay – Doug Casey On Rising Prices And Falling Values
    Inflation & Social Decay – Doug Casey On Rising Prices And Falling Values

    Authored by Doug Casey via InternationalMan.com,

    International Man: Whether it’s at the grocery store, the mall, restaurants, or airports—anywhere you turn—people are finding inferior goods and services at higher prices.

    Living standards have taken a big step backward recently and are trending even worse.

    What is really going on?

    Doug Casey: There’s an inclination on the part of people to blame the producers of products—the butcher, the baker, and the gasoline maker—but that’s actually very silly, insofar as these people create real wealth.

    They’re fighting the effects of government inflation, which doesn’t create anything but fiat currency and fiat credit, which is what actually takes the prices higher. In fact, inflation of the currency, which is to say an increase in the amount of purchasing media above the increase in real wealth. It’s what inflation is all about; it’s the State subtly stealing capital and wealth from individuals.

    The big problem with the depreciation of the dollar is that producers are blamed as being the problem. They’re the solution to the problem in that they create real wealth. The real enemy here is the State and its central bank, the Fed.

    International Man: How does inflation erode ethical standards, leading people to cut corners, lie, cheat, or even steal as they try to maintain their living standards?

    Doug Casey: The prime directive of life is to survive, and entities, whether they be governments, corporations, or individuals. They will basically do whatever they have to do to survive.

    Unfortunately, inflation is all about theft, subtle and hard to diagnose as it is, but theft breeds more theft.

    Leaders of any organization, whether it be governments or corporations, set the moral tone. The average person may not understand much about economics, which is the study of how men produce and consume in order to survive, but they have an intuitive, even if not a technical, understanding of it.

    Inflation, the theft of people’s wealth, eventually leads to revolution and overturning of society itself.

    International Man: How does inflation contribute to a more litigious society, with people increasingly looking to take money from others through the legal system?

    Doug Casey: Once again, the average person doesn’t understand economics very well, but he does understand that some people in modern society are getting rich without producing anything. And, they’re benefiting from the subtle fiat currency creation.

    In any event, they diagnosed that there’s a theft going on. In a society based less and less on production and more and more on the theft of pre-existing wealth, it’s natural enough that it becomes a Hobbesian war of all against all where counter-theft takes place through the legal system as opposed to actual physical violence.

    It’s very much like Al Capone said. “One thug can rob a gas station of $100, and if he’s caught, he’ll go to jail for years. But a lawyer with a pen can rob a country of a million and never get caught.” That’s what’s going on.

    The system has become entirely corrupt, and the government, which is supposed to protect the individual man, is actually the main culprit in stealing money from him. The fact that the US has over a million practicing lawyers is a symptom of corruption where people are using the legal system to steal.

    International Man: What are some historical examples of inflation leading to significant social and cultural degradation, and what lessons can we learn from them?

    Doug Casey: The destruction of the currency usually leads to a social upset because people who’ve produced in their lives and saved the difference do so with the national currency. But if the national currency is destroyed, everything they’ve worked for throughout their lives is also destroyed.

    Inflation upsets the entire basis of civilized society. It was a major reason why Chiang Kai-shek’s regime collapsed in China after World War II and a major reason why the Communists, whatever else they’ve done to their society in China, have been reasonably competent managers of their own currency.

    The Weimar Republic in Germany after World War I completely destroyed the mark, and the social upset that it caused led to rioting in the streets between the Nazis and the Communists, and of course, the Nazis won.

    Some countries suffer from perennial inflation, which results in a constant attempt to take over the government.

    People find that when real wealth becomes hard to produce, there’s an inclination to go into politics to gain wealth and power as opposed to producing things. It’s why countries with unstable currencies become unstable socially, economically, and politically as well.

    International Man: You have frequently discussed how to protect yourself from inflation’s financial and economic effects with gold and other hard assets.

    However, aside from the financial effects, how do people protect themselves from inflation’s negative social, cultural, and political effects we’ve discussed today?

    Doug Casey: The most important thing that you can do is gain skills, lots of skills, both in breadth and in depth so that no matter how things are sorted out, you’ll always be in a position to produce things that people want.

    I’d like to share Robert Heinlein’s quote about what somebody should be able to do.

    “A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.”

    I suggest that there’s a practical path to doing that, to qualifying yourself to thrive no matter which way the economy evolves. And for 90% of the people, it’s not sitting at a college desk for four years listening to a woke professor drone on about politically correct topics.

    I suggest you subscribe to Matt Smith’s son Maxim’s blog, where he describes, on an ongoing basis, exactly what he’s doing to educate himself instead of going to college.

    For many years, I’ve considered college to be a complete misallocation, even worse, a waste of four of the best years of your life and a lot of money to have your head filled with incorrect ideas, which are hard to wash away.

    So, the answer to the question is to prepare yourself intellectually, psychologically, and skill-wise.

    It’ll put you in a position to produce more than you consume. And what we usually talk about in this newsletter is what you do with the wealth that you save so it’s not inflated away by your government.

    *  *  *

    The truth is, we’re on the cusp of an economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming. That’s exactly why bestselling author Doug Casey and his team just released a free report with all the details on how to survive an economic collapse. Click here to download the PDF now.

    Tyler Durden
    Thu, 10/24/2024 – 17:00

  • The Enemy Within Is Throwing A Hissy Fit
    The Enemy Within Is Throwing A Hissy Fit

    Authored by Jenna McCarthy via Jennaside Rocks substack,

    Trump is in trouble again – shocker! – and as one might imagine, it’s breaking the internet. This time, McDonald’s most famous fry guy had the nerve to refer to liberals allied against him as “the enemy within.” (In other news, water is wet, the entire cancer industry is a scam, and those aren’t clouds.) At the sound of this verbal napalm dropping, delicate democratic snowflakes began melting in petulant public puddles.

    “Donald Trump is suggesting that his fellow Americans are worse ‘enemies’ than foreign adversaries,” a Harris campaign spokesperson sniveled in a statement. “Until recently, this kind of language was not a normal part of American presidential politics,” The Atlantic sulked in a piece comparing Trump to Hitler, Stalin, Mussolini, Mao Zedong, and Pol Pot. “CNN Anchor Left Lost for Words By Trump’s Chilling Enemy Within Comments,” a Daily Beast headline roared before popping a Xanax and wrapping itself in a weighted blanket.

    Chilling? Sinister? Dangerous? Can so-called reporters even get a grip? “Trump unplugs his grandmother’s CPAP machine to charge his phone,” is chilling. “McDONALD found guilty of handing out fentanyl laced fries,” is sinister. “Federer calls Nadal a butthead,” is not a headline or a news story.

    I tried to get ChatGPT to weigh in on whether or not the Donald was way off base in his accusations, but the poor bot simply couldn’t cough up any intel. On moral grounds, apparently.

    So I tried a different, hypothetical question.

    Did you hear the GULP, too?

    ChatGPT hates having to expose democrats.

    On MSNBC’s Morning Joe show, host Joe Scarborough nearly lost his mind over Trump’s vitriolic verbiage. “I really don’t know where this puts us as a country,” a dramatically somber Scarborough moaned. “I’ve never heard a politician call his opponent ‘the enemy within’ and say he’s going after them.”

    Really? Hahahahahahaha. Could somebody help Scarborough out from under that rock?

    Note that Bill Clinton was never indicted for hush money payments made to Paula Jones.

    Nancy Pelosi literally called Trump a “domestic enemy” (which is obviously not the same thing as the enemy within, how dare you), not to mention immoral, unethical, corrupt, unpatriotic hahahahahaha and “stupid.” Hillary Clinton funded an investigation into Trump’s possible ties to Russia during the 2016 election. (That backfired spectacularly on her, BTW.)

    Joe Biden, who has described Trump as a dangerous liar, said just yesterday “we gotta lock him up.” Kamala Harris has deemed him a racist threat to democracy and suggested he belongs in prison.

    Elizabeth Warren insisted that if elected, she would investigate Trump for corruptionJerry Nadler accused Trump of abuse of power and actively pursued his removal from office. Teflon Don has been impeached twice; notably, both trials resulted in acquittals.

    I guess the qualifications for political talk show host don’t include a shred of knowledge of political history. Makes sense.

    (Oh, and I didn’t mention the infamous basket of deplorables—a description Killary later doubled down on and added was “too kind” for some of us—because technically she was referring to Trump supporters, not the man himself, and I like to be fair.)

    Things got even more sullen for Scarborough when the Wall Street Journal called his party a bunch of socialist scum [my words] and refused to engage in liberals’ favorite game, Whack-a-MAGA.

    “I woke up expecting, because there are times that the Wall Street Journal editorial page checks Mr. Trump at his worst instincts,” the host said glumly, foreshadowing the fact that this is not in fact what had happened. “Instead, they’re talking about the democrats’ ‘fascism meme’ and say that basically democrats are the real national socialists and that what they’ve done is far worse than anything Donald Trump has done. Joe Biden’s student loan forgiveness—stop me if you’ve heard this before—was more law-breaking than anything that Donald Trump has ever done.”

    Spoiler: Scarborough may never recover.

    “Again, very rarely am I left without adequate words to explain what’s going on here,” the host lamented, “but… I was shocked enough that yesterday that Donald Trump continued calling democrats “the enemy within,” which of course is a precursor to him getting elected. Calling them enemy combatants and being able to lock them up and have military tribunals. And they will dismiss this perhaps, but they’ve never heard language like this before. Tell me if you’ve heard this before by a major party candidate.”

    Well, Joe, since military tribunals are generally reserved for treasonous traitors who betray their country or government, I’d imagine lots of progressive players are shaking in their rainbow boots at the thought of a Trump redux. No wonder the melancholy monologue.

    Is America’s most dangerous enemy within or without?

    Tyler Durden
    Thu, 10/24/2024 – 16:20

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Today’s News 24th October 2024

  • FEMA's Real Purpose: Suppressing Americans And Preventing Civilian Organization
    FEMA’s Real Purpose: Suppressing Americans And Preventing Civilian Organization

    Authored by Brandon Smith via Alt-Market.us,

    The Federal Emergency Management Agency (FEMA) was founded on April 1st, 1979 under the Jimmy Carter Administration during the height of a nearly decade long stagflationary crisis and the Iranian oil crisis. Under Executive Order 12127, its stated goal was to centralize all disaster related efforts under a single top-down entity. Specifically, FEMA ended the more localized Civil Defense Agency, which was focused on community based emergency response, and it federalized all disaster coordination under a single top-down system controlled by the Oval Office.

    FEMA was eventually placed under the purview of the Department of Homeland Security, creating even more centralization. The reason for FEMA according to the government is to aid Americans during and after a national level disaster event; anything from earthquakes to hurricanes to terrorist attacks.

    That said, it should also be noted that FEMA was officially created on April Fool’s Day.

    The true purpose of FEMA has long been obscured but some disturbing truths have been exposed in the past. The declassification of a program called Rex 84 (tied to Operation Garden Plot) revealed that FEMA was working directly with the Department of Defense on a hypothetical strategy to round up and detain large numbers of civilians considered a “threat to national security.” In other words, FEMA was to act as a tool for helping suppress civil disturbances, it was not necessarily designed to help Americans in times of need.

    This was likely always the intent behind the founding of FEMA, but George H.W. Bush and Oliver North are cited as the men that truly militarized FEMA in the early 1980s. The goal to establish a mechanism for controlling domestic political dissent and suspending constitutional freedoms was exposed not long after FEMA’s founding. Oliver North was visibly enraged when the subject was broached in a congressional hearing during the Iran/Contra scandal.

    It should be mentioned that the REX 84 documents do not list FEMA as a primary agency in control of civil disturbance response. This is where the accusations of “conspiracy theory” usually come from – FEMA is not the end-all-be-all agency in charge of locking down American rebellion. In fact, FEMA’s role is strangely ambiguous and is not clearly defined. All that is known is that they are indeed an element of Operation Garden Plot and have participated in REX exercises.

    There’s no denying that the secrecy around civil disturbance programs is pernicious and suggests that there is far more going on than our own government cares to admit. To uncover FEMA’s real intent all we have to do is examine how they behave.

    The recent Hurricane Helene disaster and FEMA’s handling of the response across the East Coast echos the agency’s crimes after Hurricane Katrina in New Orleans in 2005. Their emergency “aid” is used as a cloak to hide efforts to actually STOP communities from helping each other and preventing outside civilian funded supplies from reaching affected residents in need.

    Desperate residents during Katrina were treated like prisoners rather than citizens, gun confiscation took place in many areas and some people were shot for trying to leave locked down neighborhoods. (As a side note – this is why you should NEVER let anyone confiscate your firearms, especially if those people are sent by the government)

    CNN reported in 2008 that FEMA confiscated at least $85 million in donated goods and prevented them from reaching Katrina disaster victims. This included clothing, bedding, food and medical supplies. They stored these materials for years and then GAVE AWAY the supplies long after Katrina was over. FEMA claimed the supplies were “in excess to their needs.” This report and all related articles now seem to be missing from CNN’s archives.

    We just witnessed a repeat of this behavior from FEMA and the affiliated agencies within their oversight. We saw local EMS being advised to prevent civilians from helping their communities. Supplies were once agaun being blocked, people with drones were being told not to help find survivors, people with helicopters are were threatened for helping save survivors and little aid reached Helene victims for weeks. Elon Musk’s Starlink was even been prevented from providing satellite internet services to affected regions until the story went national and the Department of Transportation was forced to address the problem.

    It’s Katrina all over again, and FEMA always seems to have excuses.

    But why? You would think that with an election only weeks away Biden and Harris would be jumping at the chance to look competent and useful. Instead, they did nothing other that offer a $750 relief check to survivors (which might help people survive for a week) and then referred people to federal programs which take many months to benefit from.

    I argue that this is all deliberate. FEMA and the federal government at large are still using Operation Garden Plot-like protocols with two goals in mind…

    First, they are trying to acclimate the populace to the idea that civilians can’t help themselves and that they should do nothing. They do this by constantly interfering with civilian efforts and disrupting donations. If civilians are working on their own to save US communities from calamity then they might one day realize they don’t need the Federal Government for anything. The establishment NEEDS people to believe that they can’t survive without government aid and protection. Luckily, at least in the aftermath of Helene, it seems that many communities are working on their own to fix the situation.

    If civilians start doing things for themselves, the establishment machine becomes obsolete.

    Second, I suspect FEMA is testing the waters to see how much they can get away with. Katrina was a clear beta-test for martial law disguised as an emergency response. Katrina was Garden Plot and Rex-84 realized. They want to see what Americans will put up with.  Helene is yet another opportunity for these agencies to apply overt control and see if Americans will conform or rebel.

    If FEMA is truly sincere in their efforts to help Americans they certainly don’t act like it. The criticism surrounding Helene is ramping up and FEMA’s indignant attitude towards their own failures in unacceptable. They should be punished for failing in their duties. That is assuming they are actually failing.

    Maybe they consider the tragedy of government inaction surrounding Helene a success?  The underlying point is, when disaster comes your way, it’s not enough to merely count FEMA out as a source of aid.  That’s obvious. But you will also have to consider the possibility that the agency will work directly against you and your neighbors should you try to help yourselves.

    *  *  *

    If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

    Tyler Durden
    Wed, 10/23/2024 – 23:25

  • China's Xi & India's Modi Cement Border Peace Deal After Years Of Friction
    China’s Xi & India’s Modi Cement Border Peace Deal After Years Of Friction

    The India-China troop clash of 2020 along the largely unmarked frontier of Ladakh in a disputed border area in the Western Himalayas resulted in the deaths of 20 Indian and four Chinese soldiers. It was the deadliest border incident between the two nuclear-armed nations in memory.

    Since then, other more minor skirmishes and tense incidents have followed, leading to several military-to-military talks and efforts at dialogue trying to diffuse the situation. Both countries have feared there could be another deadly blow-up, as the rival armies jockey to claim territory in the high altitude no man’s land.

    But it appears the lengthy dispute may have permanently come to an end, and without further bloodshed. The two countries have reportedly struck a major peace deal in connection with the BRICS summit in the Russian city of Kazan this week.

    The last time President Xi Jinping and Indian Prime Minister Narendra Modi held a bilateral summit was all the way back in October 2019, in southern India. Since then, the relationship has been marred by the border tensions.

    China has since developed a high-altitude air force base and infantry encampments in the Ladakh border region.

    But the two leaders met and shook hands on the sidelines of the BRICS summit on Wednesday…

    Via Reuters

    “Over the last several weeks, Indian and Chinese diplomatic and military negotiators have been in close contact with each other in a variety of forums, and as a result of these discussions, [an] agreement has been arrived at on patrolling arrangements along the Line of Actual Control,” Indian Foreign Secretary Vikram Misri told reporters in New Delhi just as the BRICS summit kicked off in Russia.

    The agreement has led to “disengagement and a resolution of the issues that had arisen in these areas in 2020,” the top Indian diplomat added.

    China’s Foreign Ministry confirmed Tuesday that “China and India, through diplomatic and military channels, maintained close communication recently over border-related issues. The two sides have now reached a solution.”

    It was soon after the agreement was made public that Xi and Modi met in Kazan. President Xi said the two countries  “should carefully handle differences and disagreements and facilitate each other’s pursuit of development aspirations.”

    “It’s important for both sides to shoulder our international responsibilities, set an example for boosting the strength and unity of the developing countries, and contribute to promoting multi-polarization and democracy in international relations,” Xi continued.

    And India’s Foreign Ministry said in follow-up: “The two leaders affirmed that stable, predictable, and amicable bilateral relations between India and China, as two neighbors and the two largest nations on earth, will have a positive impact on regional and global peace and prosperity.”

    Without doubt, Russian and Asian regional media will hold up this historic moment as displaying the benefits of the BRICS alliance, and of Putin as the peacemaking host.

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Wed, 10/23/2024 – 23:00

  • 'Silent Phase' Of Alzheimer's Begins Decades Before Symptoms, NIH Study Suggests
    ‘Silent Phase’ Of Alzheimer’s Begins Decades Before Symptoms, NIH Study Suggests

    Authored by George Citroner via The Epoch Times (emphasis ours),

    Recent advancements in Alzheimer’s disease research show a promising shift in the understanding of the memory-robbing disorder, suggesting that crucial brain changes can occur decades before symptoms manifest.

    Courtesy of The Allen Institute, Seattle

    ​A recent study has identified a two-phase progression of Alzheimer’s, highlighting a silent phase marked by subtle brain changes long before cognitive decline becomes apparent.​

    Alzheimer’s disease has a long pre-symptomatic period, with related changes taking place in the brain “10, 15, even 20 years before the onset of memory and thinking symptoms,” Igor Camargo Fontana, Alzheimer’s Association director of scientific conference programming, told The Epoch Times.

    This research could also open new avenues for earlier detection and targeted treatments.

    “One of the challenges to diagnosing and treating Alzheimer’s is that much of the damage to the brain happens well before symptoms occur,” Dr. Richard J. Hodes, director of the NIH National Institute on Aging, said in a statement. “The ability to detect these early changes means that, for the first time, we can see what is happening to a person’s brain during the earliest periods of the disease.”

    The Early Phase: Silent and Gradual Damage

    A recent National Institutes of Health (NIH)-funded study provided new insights into the progression of Alzheimer’s disease, potentially paving the way for earlier detection and treatment options.

    The findings, published in Nature Neuroscience, say that Alzheimer’s affects the brain in two distinct phases: an early, silent phase characterized by subtle changes, and a later, symptomatic phase marked by widespread damage and the accumulation of amyloid plaques, long associated with the disorder.

    Researchers have found that the initial phase of Alzheimer’s is insidious, unfolding slowly over time and occurring well before noticeable memory problems arise. During this phase, a gradual buildup of beta-amyloid plaques and tangles—hallmarks of Alzheimer’s—can be observed.

    This early “quiet” phase is marked by subtle changes in brain cells, particularly inhibitory neurons, which may be among the first to become vulnerable, disrupting communication between brain cells, according to Fontana. These cells are mostly located in a brain region that is associated with memory, vision, and language.

    The research specifically identified the death of somatostatin inhibitory neurons, a group previously underestimated in their role within Alzheimer’s pathology. This finding challenges the prevailing notion that the disease primarily harms excitatory neurons responsible for facilitating brain cell communication.

    The Late Phase: Rapid Deterioration and Symptoms

    The second phase of Alzheimer’s disease is starkly different. It’s characterized by rapid accumulation of amyloid plaques and tangles, significant neural damage, and cognitive decline symptoms such as memory loss and confusion, alongside increased levels of inflammation and cell death. Researchers have found that this deterioration occurs as part of a complex interplay of changes within neural circuitry.

    Using advanced genetic analysis tools, researchers created a comprehensive map of the changes in the brain associated with Alzheimer’s. They specifically targeted the middle temporal gyrus, a region in the brain vital for language, memory, and visual processing, to illustrate its susceptibility to Alzheimer’s-induced damage.

    The study suggests that in this later phase of the disease, other cells associated with inflammation—microglia and astrocytes—begin counteracting initial changes by releasing molecules or altering their structures, according to Fontana.

    “Alterations in inflammatory cells and inhibitory neurons slowly evolve to demonstrate the well-known biological changes of Alzheimer’s,” he said, “including the accumulation of amyloid plaques and formation of tau tangle pathology, culminating in a terminal state.”

    Implications for Diagnostics and Treatment

    The study can have significant implications for early diagnosis and targeted treatments.

    The results fundamentally alter scientists’ understanding of how Alzheimer’s harms the brain and will guide the development of new treatments for this devastating disorder, Hodes noted in a statement.

    By recognizing distinct phases of the disease, researchers can better tailor diagnostics and therapeutics to the specific cellular changes taking place at various stages. This discovery may also facilitate earlier interventions and improve patient outcomes.

    The “bigger picture” is that Alzheimer’s long pre-symptomatic period presents opportunities for early detection and intervention to prevent the onset of dementia symptoms, Fontana said. “If the findings in this new paper are confirmed by other labs,” he added, “it raises the question of whether effectively addressing the brain changes that happen in what the authors call the first ‘quiet’ phase can slow, delay or prevent the second, more destructive phase.”

    Fontana stressed the importance of evaluating this “quiet” phase using a combination of diagnostic tools and investigating its associations with Alzheimer’s biomarkers, such as amyloid and tau.

    ​Looking ahead, the study establishes a foundation for future research on Alzheimer’s disease and other dementias.​ By examining the relationships between different cell types and their roles in disease progression, scientists aim to identify protective factors and resilience mechanisms for potential therapies. Fontana noted that the Alzheimer’s Association is funding related research studies.

    Tyler Durden
    Wed, 10/23/2024 – 22:35

  • These Are All The US States Paying More Than The Federal Minimum-Wage
    These Are All The US States Paying More Than The Federal Minimum-Wage

    The real value of the federal minimum wage ($7.25/hour) has declined steadily since it was last raised 15 years ago.

    As discussions around increasing it continue, several states have taken matters into their own hands – by implementing and raising state minimum wages.

    Visual Capitalist’s Pallavi Rao maps out the U.S. states that pay more than the federal minimum wage and list their minimums.

    Data for this graphic is sourced from the Federal Reserve, as of 2024.

    Ranked: State Minimum Wages

    Thirty states have a minimum wage that’s higher than the federal minimum of $7.25/hour.

    Of them, Washington ($16.28/hr) and California ($16.00/hr ) are the highest. Both states are expensive to live in, as evidenced by how far $100 will take you (not very) in each.

    However, the country-wide crown goes to Washington D.C., ($17.50/hr) where the minimum is tied to inflation.

    Eighteen states either match the federal benchmark, or don’t have a state minimum at all (which makes the federal minimum applicable).

    Two states—Wyoming and Georgia—have a state minimum wage that’s below $7.25/hour but in this case the federal wage takes effect.

    What is the Minimum Wage Discourse?

    The minimum wage debate in the U.S. involves two main opposing viewpoints. Proponents argue that raising the minimum wage is necessary to boost living standards for low-wage workers, reduce poverty, and narrow income inequality. They say that moderate increases have minimal impact on employment and can stimulate consumer spending.

    Key to their argument is that this is also the longest time the federal minimum has not seen an increase, since its inception in 1938.

    Year Nominal value
    ($/hour)
    1940 0.30
    1945 0.40
    1950 0.75
    1955 0.75
    1960 1.00
    1965 1.25
    1970 1.60
    1975 2.10
    1980 3.10
    1985 3.35
    1990 3.80
    1995 4.25
    2000 5.15
    2005 5.15
    2010 7.25
    2015 7.25
    2018 7.25
    2019 7.25
    2020 7.25
    2021 7.25
    2022 7.25
    2023 7.25

    On the other hand, opponents claim that significant minimum wage hikes could lead to job losses, particularly for low-skilled and young workers. This could potentially increasing poverty rates for some groups.

    They argue that it may price low-skilled workers out of the job market and harm small businesses with slim profit margins. Both sides cite economic studies to support their positions, but the debate ultimately reflects deeper societal values about fairness, opportunity, and the role of government in the economy.

    Since 2017, the Raise the Wage Act has been introduced to Congress every year in an effort to increase the federal minimum. All the bills have not passed the legislature so far.

    Current “Raise the Wage” proposals look to increase the minimum to $17/hour. In the Share of Workers Earning Less Than $17/Hour we map out which states would see the most changes.

    Tyler Durden
    Wed, 10/23/2024 – 22:10

  • Hey Pilots, FAA Issues Final Rule For "Powered-Lift" Rating, Paves Way For Air Taxis Over US Cities 
    Hey Pilots, FAA Issues Final Rule For “Powered-Lift” Rating, Paves Way For Air Taxis Over US Cities 

    The Federal Aviation Administration (FAA) introduced a new rule establishing a “powered-lift” aircraft category for pilot training, marking the first new category for pilot certification since helicopters were introduced in the 1940s. This new category paves the way for aircraft that take off and land vertically like helicopters but fly like fixed-wing planes, commonly known as electric vertical take-off and landing (eVTOL) aircraft, to fly in controlled airspace across America.

    Here’s more from the FAA:

    The agency today issued a final rule for the qualifications and training that instructors and pilots must have to fly aircraft in this “powered-lift” category, which have characteristics of both airplanes and helicopters. The rule also addresses their operational requirements, including minimum safe altitudes and required visibility. The rule is the final piece in the puzzle for safely introducing these aircraft in the near term.

    On X, FAA Administrator Mike Whitaker wrote, “An extraordinary moment for aviation! Our rule for training and certificating pilots to fly powered lift is the final piece of the puzzle to get these revolutionary aircraft flying safely in our skies” 

    https://platform.twitter.com/widgets.js

    According to the FAA’s powered-lift rule: 

    • Makes changes to numerous existing regulations and establishes a Special Federal Aviation Regulation (SFAR) with new requirements to facilitate instructor and pilot certification and training.

    • Applies helicopter operating requirements to some phases of flight and adopts a performance-based approach to certain operating rules.

    • Allows pilots to train in powered-lift with a single set of flight controls; legacy rules require two flight controls – one for the student and one for the instructor.

    “The regulation published today will ensure the U.S. continues to play a global leadership role in the development and adoption of clean flight,” JoeBen Bevirt, founder and CEO of air taxi company Joby Aviation, told Fast Company, adding, “Delivering the rules ahead of schedule is a testament to the dedication, coordination, and hard work of the rulemaking team.”

    https://platform.twitter.com/widgets.js

    We have followed several eVTOL startups over the years, including Alef Aeronautics, a company backed by Space-X… 

    It’s not hard to figure out that flying cars must be done under the FAA’s Visual Flight Rules (VRF) or Instrument Flight Rules (IFR). In other words, the pilot in control will need a pilot license and be rated in the powered lift category.

    Tyler Durden
    Wed, 10/23/2024 – 21:20

  • How Schools Across America Are Struggling With AI Deepfakes
    How Schools Across America Are Struggling With AI Deepfakes

    Authored by Aaron Gifford via The Epoch Times (emphasis ours),

    Gone are the days where the biggest concern is students drawing alien ears on their science teacher or printing images of a friend’s face connected to a four-legged body with scales and a tail.

    That was 30-something years ago. Now, schools are being forced to develop emergency response plans in case sexually explicit images of students or teachers generated by artificial intelligence (AI) pop up on social media.

    This photo illustration shows an AI Girl Generator on a cellphone in front of a computer screen, created in Washington on Nov. 16, 2023. Stefani Reynolds/AFP via Getty Images

    In two separate cases, school principals were seen or heard spewing racist, violent language against black students. Both were AI-generated deepfakes—one was produced by students and the other was made by a disgruntled athletic director who later was arrested.

    Deepfakes are defined as “non-consensually AI-generated voices, images, or videos that are created to produce sexual imagery, commit fraud, or spread misinformation,” according to a nonprofit group focused on AI regulation.

    As education leaders scramble to set policy to mitigate the damage of deepfakes—and as state legislators work to criminalize such malicious acts specific to schools or children—the technology to combat AI tools that can replicate a person’s image and voice doesn’t yet exist, says Andrew Buher, founder and managing director of the Opportunity Labs nonprofit research organization.

    “There is a lot of work to do, both with prevention and incident response,” he said during a virtual panel discussion held by Education Week last month on teaching digital and media literacy in the age of AI. “This is about social norming [because] the technical mitigation is quite a ways away.”

    Legislation Targets Deepfakes

    On Sept. 29, California Gov. Gavin Newsom signed into law a bill criminalizing AI-generated child porn. It’s now a felony in the Golden State to possess, publish, or pass along images of individuals under the age of 18 simulating sexual conduct.

    There are similar new laws in New YorkIllinois, and Washington State.

    At the national level, Sen. Ted Cruz (R-Texas) has proposed the Take It Down Act, which would criminalize the “intentional disclosure of nonconsensual intimate visual depictions.”

    The federal bill defines a deepfake as “a video or image that is generated or substantially modified using machine-learning techniques or any other computer-generated or machine-generated means to falsely depict an individual’s appearance or conduct within an intimate visual depiction.”

    Sen. Ted Cruz (R-Texas) speaks at a news conference to unveil the Take It Down Act to protect victims against non-consensual intimate image abuse at the U.S. Capitol on June 18, 2024. Andrew Harnik/Getty Images

    School districts, meanwhile, seek guidance on an emerging problem that threatens not just students, but also staff.

    At Maryland’s Pikesville High School in January, a fake audio recording was made of the principal. School officials enlisted the help of local police agencies and the FBI.

    The suspect, Dazhon Darien, 31, an athletic director, was charged with theft, stalking, disruption of school operations, and retaliation against a witness.

    He allegedly made the recording to retaliate against the principal, who was investigating Darien’s alleged mishandling of school funds, according to an April 25 news release on the Baltimore County Government website.

    Jim Siegl, a senior technologist with the Future of Privacy Forum, said during the Education Week panel discussion that investigators in the Baltimore case were able to link the suspect to the crime by reviewing “old school computer access logs.”

    But as AI technology continues to evolve, he said, it may be necessary to develop a watermarking system for generated audio or video to replace outdated systems for monitoring and safeguarding school computer use.

    In February 2023, high school students in Carmel, New York, used AI to impersonate a middle school principal. The deepfakes were posted on TikTok. Investigators were able to link the students’ activities to their accounts. They were disciplined under school code of conduct guidelines but not charged criminally, according to a statement released on the district’s Facebook page.

    “As an organization committed to diversity and inclusion,” the statement said, “the Carmel Central School District Board of Education is appalled at, and condemns, these recent videos, along with the blatant racism, hatred, and disregard for humanity displayed in some of them.”

    A parent, Abigail Lyons, said a co-worker who also has children in the district showed her a text containing seven different videos.

    “I basically fell to the floor,” said Lyons, who is biracial. “It was horrific. It looked so real.”

    They re-watched the videos and noticed that the lip movement and body language were a bit off from the sound. Lyons said most parents in the district had already seen or heard about the videos and probably knew they were deepfakes before Carmel school officials publicly acknowledged the incident and declared there “was no threat.”

    Carmel High School, Carmel, N.Y., on Oct. 7, 2015. Will2022/CC

    Lyons said the event scared her daughter, and that events like school lockdowns or emergency drills still trigger anxiety and fear stemming from the 2023 deepfake.

    Seventh graders should not have to worry about these things,” she told The Epoch Times.

    Lyons said she is unaware of any deepfake incidents so far this semester, but students have threatened each other on social media, including one threat that led to a two-hour building lockdown.

    “We still don’t know what it [lockdown] was for,” she said. “The transparency still isn’t there.”

    The Epoch Times reached out to the district offices in Carmel, New York, and Baltimore County, Maryland, but didn’t receive a response.

    California’s new law was prompted by several deepfake incidents that victimized students.

    Read more here…

    Tyler Durden
    Wed, 10/23/2024 – 20:55

  • Tesla Soars After Unexpected Jump In Profit Margin Suggests Price War Is Over
    Tesla Soars After Unexpected Jump In Profit Margin Suggests Price War Is Over

    Ahead of today’s Tesla earnings report, UBS analyst Joe Spak asked whether Tesla numbers even matter this quarter after the Robotaxi reveal, which disappointed markets. His response is that while they should matter more, Tesla is really about the future/multiple, not the current EV biz (which drives numbers). Of the number that will be report, auto gross margins ex credits remains “the” metric investors follow, and feedback indicates buyside expectations are for flat-to-slightly-higher quarter over quarter (consensus +30bp q/q to 14.9%).

    Joe is also looking for an update on Model 2.5 for next year (doesn’t seem to be a focus) and any more Robotaxi details. Additionally, Bloomberg notes that Tesla could give an update on its more affordable vehicle platform today. Earlier this year, Musk said a low-cost model could start production in the first half of 2025.

    Analysts were hoping for an update during the company’s robotaxi event earlier this month, but there was no mention of the platform. Tesla hasn’t shared key details about the vehicle, including price and what it would look like. At the same time, Musk has repeatedly said that Tesla is becoming more than just a car company, as it increasingly focuses on artificial intelligence.

    As a reminder, Tesla’s third-quarter deliveries rose for the first time this year, but the automaker has an uphill climb to break even for 2024. In 2023, Tesla sold around 1.8 million units; as of the third quarter, 2024 sales stood at just under 1.3 million units. So Tesla will have to sell 514,000 units in 4Q to break even – which is 30,000 EVs more than were sold in 4Q 2023, the company’s all-time peak quarter.

    So with that in mind, this is what Tesla just reported for Q3:

    • Revenue $25.18 billion, missing estimate $25.43 billion
    • Adjusted EPS 72c, beating estimate 60c (Bloomberg Consensus)
    • Gross margin 19.8%, beating estimate 16.8%
      • The all-important automotive gross margin ex-credits, jumped to 17.1%, beating estimates of 14.9%, and up from 14.6% in Q2
    • Operating income $2.72 billion, beating estimate $1.96 billion
    • Free cash flow $2.74 billion, beating estimate $1.61 billion
    • Capital expenditure $3.51 billion, beating estimate $2.56 billion

    And visually:

    It is notable that while revenues rose 8%, if came in just shy of expectations, Tesla recognized $739 million, in regulatory credit revenues, the second highest quarter in history “as other OEMs are still behind on meeting emissions requirements.”

    But the biggest highlight by far is Tesla’s ability to boost margins – both gross and automotive ex-credits – substantially higher YoY and also higher than expected, signaling that Tesla’s “race to the bottom” to steal market share is once again over, and the company is once more focusing on harvesting the benefits of its recent market share gains.

    Commenting on the margin line item, Bloomberg notes that if you strip out the reg credits, “Tesla’s saying that profit is being boosted by lower cost per vehicle in terms of production and materials. Energy generation and energy storage is now also starting to perform better.”

    One more thing to point out is that the company also commented on “higher FSD revenue recognition YoY for releases related to Cybertruck” and a new feature – Actually Smart Summon (basically you hit a button in the app while your car is on other side of a parking lot and it’s supposed to drive to you). In other words, Tesla is telling is saying that people are paying for this software, and they are listing it as a positive contributor to profit.

    Some more good news: Tesla said its Cybertruck has reached profitability for the first time, thanks in part to increases in production for the futuristic pick-up truck.

    Turning to Tesla’s outlook, the highlight was the company’s discussion of Volume, where it said the following:

    Our company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform and we believe the next one will be initiated by advances in autonomy and introduction of new products, including those built on our next generation vehicle platform.

     Just as important, turning to Tesla’s product outlook, the company said that its “plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be able to be produced on the same manufacturing lines as our current vehicle line-up.”

    This approach, the company says, “will result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times. This should help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines.

    Speaking of auto production, we already said that while Q3 was a solid quarter with 6% growth in total deliveries, it will be up to Q4, when Tesla must sell over 510,000 units to break even vs 2024, which is 30,000 EVs more than were sold in 4Q 2023.

    And “despite ongoing macroeconomic conditions,” Tesla expects to achieve slight growth in vehicle deliveries in 2024. This is bullish and indicates that 2024 may be yet another record delivery year for the carmaker.

    Elsewhere, the energy business is still going strong, reaping in “a record gross margin” during the quarter. Powerwall deployments set a record for the second straight quarter while the ramp up of Powerwall 3 continues.

    Looking at Tesla’s investor deck, we find that the next-generation platform will have a powertrain with an efficiency of 5.5 miles per kWh. Lucid, one of Tesla’s competitors, proclaims that it has the world’s most efficient car – the Lucid Air Pure – that can achieve about 5.0 miles per kWh. Of course, the Lucid vehicle is available now, and Tesla’s next-generation platform may be years away.

    Those looking for some more details on what may be the company’s biggest value proposition, there was just a single, indirect reference to the future ride-hailing business in the deck. Tesla says:

    “At our ‘We, Robot’ event on October 10, we detailed our long-term goal of offering autonomous transport with a cost per mile below rideshare, personal car ownership and even public transit.”

    So anyone hoping for more details here, will be disappointed for at least a few more months although we are confident Elon will tease much more in the interim.

    Finally, there was this blurb documenting the company’s transition into an AI giant:

    “We deployed and are training ahead of schedule on a 29k H100 cluster at Gigafactory Texas – where we expect to have 50k H100 capacity by the end of October.”

    Putting it all together, and the company stock is surging after hours, rising almost 9%, to a huge of $234.89 after closing at $213.65. If this sustains, Tesla is will gain about than $60 billion in market value, which would be the biggest gain since July 2.

    Here is the full investor presentation (pdf link)

    Tyler Durden
    Wed, 10/23/2024 – 20:44

  • Open Border Backlash As NYC 'Deports' Thousands Of Migrants To Texas, Illinois, And Florida
    Open Border Backlash As NYC ‘Deports’ Thousands Of Migrants To Texas, Illinois, And Florida

    After Texas bussed over 45,000 migrants to New York City amid an influx of more than 200,000, the Big Apple is sending some of them back.

    According to a new report from Bloomberg, NYC has issued over 47,000 one-way tickets – 4,500 of them to Texas – through a voluntary program that transfers asylum seekers out of the city.

    Top destinations also include Illinois, Florida, other parts of New York and Colorado.

    The ticketing program has helped slash the number of asylum seekers reliant on the city, as have application assistance for work authorization and a policy limiting shelter stays, Adams said earlier this month. The top destinations for migrants asking to leave the Big Apple also include Illinois, Florida and Colorado, as well as other parts of New York. Most travel on planes.

    According to city official Fabien Levy, “These are not chartered buses,” but are instead “individual tickets we are purchasing after sitting down with migrants and hearing what they want to do.”

    Since April 2022, Texas has bused around 120,000 migrants to cities around the country, according to a statement from Gov. Greg Abbott’s office.

    •    Over 12,500 migrants to Washington, D.C. since April 2022
    •    Over 45,900 migrants to New York City since August 2022
    •    Over 36,900 migrants to Chicago since August 2022
    •    Over 3,400 migrants to Philadelphia since November 2022
    •    Over 19,200 migrants to Denver since May 2023
    •    Over 1,500 migrants to Los Angeles since June 2023

    Our latest battle has been against Tren de Aragua. They’re notorious for brutal violence, kidnapping, extortion, and bribery,” said Abbott, adding “Texas law enforcement has already begun making arrests of known and suspected Tren de Aragua members. Together, we will secure our border, defend our communities, and keep Texas safe.”

    Tyler Durden
    Wed, 10/23/2024 – 20:30

  • Stock Up For Survival: Essential Food Storage Tips For Emergencies
    Stock Up For Survival: Essential Food Storage Tips For Emergencies

    Authored by Emma Suttie, D. Ac, AP via The Epoch Times (emphasis ours),

    Imagine this scenario: You have just arrived home from work. You sit down to watch the news and see that a massive storm with torrential rains is heading your way. The authorities advise everyone to stay indoors and off the roads for the next 72 hours because of high winds and the risk of flooding.

    Illustration by The Epoch Times, Shutterstock

    Situations like these occur more frequently than most people realize. While no one likes pondering worst-case scenarios, advance preparation can save your life—and significantly ease your stress during emergencies.

    Whether facing natural disasters like flooding, hurricanes, earthquakes, tornadoes, fires, or chemical spills—or personal emergencies—such as illnesses, accidents, or losing your job, having food, cash, and other necessities tucked away can mean the difference between thriving and surviving.

    Considerations When Preparing for Emergencies

    Most of us have become accustomed to conveniences like running water and grocery stores for our basic needs. However, in an emergency, these conveniences may disappear. Planning ahead can significantly increase your resilience and may be vital to your survival if things go sideways.

    While everyone’s needs during an emergency differ, food and water are universal necessities. Most experts advise having at least three days’ worth of food and water for everyone in your household, including pets. This should be enough for you to survive until the emergency has passed and help can get to you. Be prepared for extended emergencies by gathering enough food and water to last up to two weeks or even a month if your budget and storage allow.

    The American Red Cross recommends maintaining a three-day emergency supply for evacuation and a two-week supply at home.

    When preparing, consider the following:

    • The number of people and pets in your household who need food and water.
    • Dietary restrictions (allergies, diabetics), preferences, and whether certain foods require cooking or water.
    • The shelf life of the food you choose, ensuring you rotate supplies every few months for freshness.
    • Your ability to cook without power, such as having a camp stove or gas barbeque.
    • Make sure you have the necessary utensils and storage options, such as cool, dry areas for keeping food and water. Disposable plates and cutlery don’t require water for washing.
    • Because you may not have electricity, plan meals in single portions as you may be unable to refrigerate leftovers.
    • Make sure you have lighters, matches, candles, flashlights, batteries, knives, zip lock bags, bleach (to disinfect and purify water), and other essentials that you keep in sealed plastic bags.

    Water Needs

    Conventional wisdom suggests people can live for about three weeks without food. However, they can only survive for three days without water—making it essential to have plenty in your emergency stores.

    The Prepared, a highly regarded resource focused on practical prepping, recommends at least one gallon of water per day for each person. Remember to consider additional water for cooking, cleaning, and your pets.

    They also suggest including a way to treat dirty water, like a portable water filter or countertop filter.

    One way to keep the water aside for emergencies is in a deep freezer, Nellie Oehler, a food safety specialist and coordinator with Oregon State University Extension Service, a statewide outreach program, told The Epoch Times.

    “I keep my deep freezes full,” she said. “Number one, if it’s not full of food, it’s full of bottled water. Then I’ve got an emergency water supply, plus it keeps my freezer cold. It cuts down on the cost of running your freezer, and I’ve got water,” she added.

    Food Selection

    A key rule of storing food for emergencies is to “store what you eat” and “eat what you store.” One of the easiest ways to build up your survival food supply is to buy extra non-perishable, shelf-stable items every time you buy groceries. This practice will also ensure that you have food you enjoy.

    You can also buy pre-packaged emergency foods like MREs (Meals-Ready-to-Eat), which need little to no preparation and last extended periods. Survival food tends to be more compact and lasts longer than the food you buy at the supermarket, but it is typically more expensive. A combination of both works well for a robust emergency food pantry.

    Preserving your food at home through canning, pickling, curing, fermenting, or dehydrating is also an option.

    You still have options if you don’t know how to preserve your own food, Oehler said. Inexpensive options are plentiful at supermarkets. Waiting until items go on sale to stock up can help you save money and collect the food you need to be prepared when the time comes.

    Be aware of expiration dates on foods you buy, and choose foods that have a long shelf life and come in sturdy packaging. Look for nutrient-dense, shelf-stable foods like dried beans, canned meat and fish, peanut butter, and grains, as they take up the least amount of space. Also, when buying food, consider if it needs cooking, reheating, or can be eaten right out of the package.

    Recommended Emergency Food Items

    While not exhaustive, the list below will give you an idea of foods that store well and make an excellent addition to your emergency food pantry.

    Protein Sources

    • Peanut butter and other nut butters
    • Canned meat and fish (spam, chicken, tuna, salmon, sardines)
    • Beef jerky and dried meats
    • Canned beans and legumes (including refried beans)

    Ready-to-Eat Meals

    • Canned soups, stews, and chili
    • Instant meals (macaroni and cheese, ramen)
    • Instant mashed potatoes

    Grains and Staples

    • Rice and pasta
    • Oatmeal and breakfast cereals
    • Crackers and chips
    • Dried beans, lentils, and chickpeas

    Fruits and Vegetables

    • Canned fruits and vegetables
    • Dried fruits
    • Canned tomatoes and tomato sauce

    Beverages and Condiments

    • Powdered milk
    • Fruit juice (bottled, canned, or powdered)
    • Coffee, tea, hot chocolate
    • Salt, pepper, spices, hot sauce

    Comfort Foods

    • Honey and jam
    • Trail mix and granola bars
    • Chocolate, candies, and other favorite snacks (to improve morale)

    Some foods are not ideal for storing in an emergency, Tracey Brigman, associate director of the National Center for Home Food Preservation, told The Epoch Times via email.

    “Foods that should be avoided are foods that are overly salty (they can make you more thirsty and can thus deplete your water supply), caffeinated sodas (they offer little nutrients and can contribute to dehydration), and fresh items like fruits, vegetables, meats, dairy and leftovers since they spoil rapidly without proper refrigeration,” she said.

    Storage Strategies

    Oehler suggests diversifying for effective food storage.

    “Don’t put all your stuff in freeze-dried foods or dry foods because then you have to have a ton of water—so have a variety of foods on hand,” she said.

    For convenience and minimal effort, commercially canned foods from the grocery store are a great option. Make sure your emergency food is well-packaged, sealed, and has a date to prevent spoilage. If you have the budget, consider storing dry goods like beans, rice, and flour in food-grade buckets with oxygen absorbers to make them last longer. This can extend their shelf life for up to 25 years, Oehler said.

    Home-preserved foods only last in proper storage for up to 1 year, so they need to be inspected and replaced in a timely manner,” she said. “Additionally, a home-canned food that is damaged, shows signs of swelling, rust, dents, or leaks, or has been exposed to floodwater should not be consumed. If there are any doubts about your home canned foods after a disaster, throw them out,” Oehler added.

    Improperly preserved food, especially if it has moisture, can lead to foodborne illness. Learn proper food preservation techniques from reputable sources like the National Center for Home Food Preservation, which has resources on preserving foods safely.

    Where to Store It

    Store food in a cool, dry place, ideally between 32 and 70 degrees F, as food will last longer in colder temperatures. Ideally, the space should be well-ventilated, clean, isolated from other items such as cleaning products or chemicals, and kept off the floor.

    If you live in a city with limited space, consider using under-the-bed storage, as it’s dark, and the bedroom is usually one of the coldest rooms in the house, according to Oehler.

    Don’t keep all supplies in one location—diversifying storage places can protect your food from emergencies. If a fire destroys your house, having some food in a shed or barn can be life-saving, Oehler said. She also recommends having containers with wheels on hand, like coolers or garbage cans, so you can take some supplies with you if you have to leave.

    Keeping food, water, and other emergency supplies in your car is advisable, as you never know where you will be when trouble strikes (being mindful that cars get very hot in summer months), she added.

    Cooking Without Electricity

    If you’re facing a power outage, you’ll need to think about how to cook or warm up your food without electricity. Keep this in mind when choosing foods, especially if you don’t have an alternative cooking source.

    Alternative Cooking Sources

    If you have a camping stove or barbeque, make sure you have the right fuel and extra water. Always cook outside for safety. A butane stove is a great, portable option for cooking and boiling water, especially indoors during severe weather, according to Oehler. It’s efficient, safe, and affordable.

    A butane stove is an excellent alternate cooking source when there is no electricity. Afanasiev Andrii/Shutterstock

    If you don’t have an alternative cooking source, stock up on ready-to-eat foods. Don’t forget a can opener!

    For warming up food indoors, candles, fondue pots, or chafing dishes can be used. Try to use a well-ventilated area if possible.

    Food Spoilage

    Stored food can deteriorate over time, losing its color, texture, taste, and smell. Some nutrients, like vitamin C, are also lost over time. If not stored correctly, insects and rodents can get into stored food, making it inedible. Use food-grade buckets, glass jars, or other airtight containers to keep food fresh and safe.

    Keep food items in sturdy, air-tight containers to protect them from rodents, insects, and other animals.  Landshark1/Shutterstock

    Don’t get too caught up in expiration dates. Commercial foods’ “use by” and “sell by” dates should be taken with a grain of salt, Oehler said, adding that the dates have nothing to do with food safety. “You know, if you have a can of green beans that’s two years old that you bought in the store—if it’s not bulging, if it’s not leaking on the seams, it’s perfectly safe to eat. If it’s five years old, it’s safe to eat,” she said.

    A lot of the quality of your food will depend on how you store it, Oehler said. Keeping the temperature from fluctuating, preventing light and moisture from getting to food so cans don’t rust, and ensuring things don’t freeze are ways to ensure your emergency stores last, she noted.

    Before eating, check for any signs of damage, like cracks, holes, or broken seals. Throw away anything that looks suspicious.

    Common Mistakes

    Mistakes made when preparing for an emergency can be costly when the emergency arrives. Brigman shares some common pitfalls:

    • Storing foods that are difficult to prepare or are not well-liked
    • Not closing foods tightly after each use
    • Not placing them in airtight food containers to protect them from spoilage
    • Not checking the dates and having expired/bad food in your emergency kit
    • Storing too many comfort foods and not enough nutrient-dense foods

    “Your body’s nutritional needs don’t change during an emergency so you still need to plan for nutritional adequacy,” Brigman said.

    Resources

    Extension services are an excellent resource for emergency preparedness and are available in every state. Extension services were established in 1914 to provide research-based education to the public. They offer a wide range of programs on topics that include farming, livestock management, gardening, and food production.

    Many universities also have extension programs, which “extend” the university and its resources to members of the community through educational programs.

    Resources from the University of Georgia and the Extension Disaster Education Network can provide vital information and assistance.

    Final Thoughts

    Emergency preparedness can feel daunting, but taking small steps can make a difference. By adding extra groceries and assessing your current supplies, you’ll be better equipped for any situation. Planning calmly for potential emergencies safeguards you and your loved ones. While preparation requires time and effort, it could be key to navigating future challenges.

    Tyler Durden
    Wed, 10/23/2024 – 20:05

  • "Once You Know, You Cannot Unknow": Whistleblower Reveals Fed-Funded Industrial-Sized Staffing Firm Shipping Migrant Kids Around US
    “Once You Know, You Cannot Unknow”: Whistleblower Reveals Fed-Funded Industrial-Sized Staffing Firm Shipping Migrant Kids Around US

    A contract specialist from the General Services Administration (GSA) spoke with investigative reporter James O’Keefe about the federal government awarding a massive contract to an industrial-sized staffing agency to transport unaccompanied migrant kids across the country.

    “My line in the sand moment was when I found out that GSA had awarded a contract to a company to transport unaccompanied minors,” GSA Senior Contract Specialist Clarissa Rippee told O’Keefe in a sitdown interview shared on X.

    Source: James O’Keefe

    Rippee explained GSA, on behalf of the federal government, awarded MVM, a private security contractor with ties to the CIA, NSA, FBI, and Homeland Security, with a massive $347 million contract for the transportation services of unaccompanied minors across the United States. 

    Source: James O’Keefe

    She said the contract made her feel “like someone kicked me in the gut.” 

    Rippee described the federal gov’t treated unaccompanied migrant children like “commodities… like potato chips on a truck.” She noted this MVM contract highlights the “big money business” in the migrant crisis. 

    “Once you know, you cannot unknow,” Rippee stated, warning that the horrifying conditions she witnessed inspired her to speak out: “It’s about the children, and it’s my duty now to speak up.”

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    At the core of this taxpayer-funded invasion machine of new future Democratic voters are staffing agencies, the same ones that profited off the endless wars in the Middle East, retooled their business models from assisting the federal gov’t in foreign wars to providing domestic services to support the migrant invasion.

    Areas where migrants were dumped in 2023. 

    Source: Bloomberg

    These staffing firms have been awarded big contracts to provide private security, transportation, and many other services to ensure the smooth operation of the invasion domestically.

    Earlier this month, Real America’s Voice host Ben Bergquam posted on X, “More breaking footage of the Democrats harboring illegals in Chicago. Now using unmarked brand new hotels like this Holiday Inn at [XXXXXXX] to disguise Kamala and Biden’s illegal invasion operations.” 

    Bergquam’s video of the Holiday Inn filled-migrant hotel in the Chicago metro area is very intriguing. First, the security guards appear to be sourced from staffing firm GardaWorld. 

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    Last month, Muckraker’s Anthony Rubin dropped a bombshell in a report titled “Finding The Feds’ Missing Children | CHILD TRAFFICKING IN AMERICA.”

    He provided intel that MVM was caught moving unaccompanied migrant children around the country.

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    In 2012, the head of GardaWorld told Reuters that Middle East conflicts had kept the staffing firm “busier than ever and has never been greater,” adding, “I don’t want to say it’s a gold rush, but business is very good.”

    The American people need to understand the same industrial-sized staffing firms that profited off the Deep State’s endless wars in the Middle East are profiting off the Biden-Harris migrant invasion – a government-created crisis.

    Taxpayers funded the migrant invasion chaos. 

    Tyler Durden
    Wed, 10/23/2024 – 19:40

  • 20% Of Households Making Over $150,000 Live Paycheck-To-Paycheck
    20% Of Households Making Over $150,000 Live Paycheck-To-Paycheck

    Authored by Mike Shedlock via MishTalk.com,

    Bank of America has an interesting report on who’s living paycheck to paycheck (PTP). It’s not just the poor. Blame the Fed.

    Please consider Paycheck to Paycheck: What, Who, Where, Why?

    What Does It Mean?

    The term ‘living paycheck to paycheck’ is a fairly frequently heard expression but can be somewhat nebulous and is not always clearly defined. Broadly, one can imagine it refers to individuals or households that regularly spend nearly all of their income, leaving little to nothing left over for savings.

    By that widely used definition, over 40 percent of respondents agreed or somewhat agreed to living PTP.

    BofA restricted that definition as shown in the lead chart.

    BofA refines PTP as “households where necessity spending is more than 95% of their household income, leaving them relatively little left over for ‘nice to have’ discretionary spending or saving.”

    Even by that definition, which I endorse, the percentage of PTP households is staggering.

    More surprising is that the proportion of households appearing to live paycheck to paycheck falls only slowly as incomes rise. Around 20% of households with incomes above $150K also appear to be living paycheck to paycheck. How can this be? One reason is that higher-income households may have bought larger, more expensive, homes and consequently have bigger mortgages. And often along with bigger homes come bigger insurance costs, property taxes and utility bills. It is also possible that as household incomes rise, some households may have more varied sources of income that are hard to capture – such as cash from sales of equities paid into brokerage accounts.

    Generational Paycheck to Paycheck

    That chart struck me as odd. But perhaps not. Zoomers and Younger millennials are priced out of a home and forced to rent.

    Then again, anyone with a mortgage should have been able to refinance at 3 percent or lower, putting extra money in their pockets every month.

    How Old Are the Youngest Boomers?

    AI Response: As of June 2024, the youngest baby boomers are 60–69 years old. The baby boomer generation is defined as people born between 1946 and 1964.

    Some experts have given the youngest baby boomers, born between 1954 and 1964, a new name, “Generation Jones”, because they are so different from older boomers.

    Has anyone heard the name “Generation Jones?”

    Regardless, boomers are at retirement age. The kids are gone. So why are boomers living PTP?

    One possible answer that BofA did not explore is Boomers have many assets and are prepared for the future. Besides, you can’t take it with you.

    Other possible answers, such as being totally unprepared for retirement, are much more troubling.

    Which is it? I suspect both reasons are in play, and that leads to the high PTP percentage shown.

    The Housing Factor

    Note the Hidden Costs of Homeownership.

    • Bank of America aggregated deposit data suggests that fewer households are moving between cities. In the second quarter of 2024, moves across cities fell 4% year-over-year (YoY) after a 15% YoY decrease this time last year. Those that are moving, however, are skewing towards Gen Z and lower-income households, likely as more households move out of necessity as opposed to choice.

    • Some households are likely deferring moves due to increased “hidden” costs of homeownership (e.g., insurance, property taxes). Bank of America aggregated payments data suggests these costs are up significantly YoY, especially in the Sun Belt. And a study by the Federal Reserve Bank of San Francisco suggests that this area is affected by another “hidden” cost: climate change.

    • Gen Z and lower-income movers are likely searching for affordability, particularly in the rental market. We find those metropolitan statistical areas (MSAs) with relatively more affordable rents are seeing the fastest population growth in Q2 2024.

    • The fewer overall movers and the skew to younger/lower income movers is depressing consumer spending on moving-centric categories such as furniture. But if moving rebounds, we could see a tailwind to these areas of spending.

    Housing is a big factor in PTP. Insurance has soared and so have property taxes except where capped.

    The home ownership rate is only 35 percent for 25–30-year-olds, compared to 66 percent across all ages according to the Census Bureau.

    New Record Highs on Home Prices

    On September 28, I commented Yet Another Record High for Case-Shiller Home Prices

    And a quick check on Mortgage News Daily shows that 30-year mortgage rates have surged back up to 6.85 percent from 6.11 percent on September 11.

    I have been talking about housing since the start of this blog in March of 2003. The Fed keeps making the same mistake over and over.

    Fed Hubris

    Flashback March 4, 2021: Fed Hubris: Housing Prices Show the Fed is Making the Same Inflation Mistake

    Prior to 2000, home prices, Owners’ Equivalent Rent (OER), and the Case Shiller national home price index all moved in sync.

    This is important because home prices directly used to be in the CPI. Now they aren’t. Only rent is. Yet, OER is the single largest CPI component with a hefty weight of 24.05% of the entire index. 

    The BLS explains this away by calling homes a capital expense not a consumer expense. 

    However, that explanation ignores easily observed and measurable inflation. And it’s inflation, not alleged consumer inflation, that is important

    BIS Study on CPI Deflation

    Note that a BIS Study finds that routine consumer price deflation is not damaging in the least.

    Specifically, the BIS concludes “Deflation may actually boost output. Lower prices increase real incomes and wealth. And they may also make export goods more competitive!”

    Worst of all, in their attempts to fight routine consumer price deflation, central bankers, led by the Fed, create very destructive asset bubbles that eventually collapse, setting off what they should fear – asset bubble deflations.

    A $150,000 House in 1988 Now Costs $707,500 Thank You Fed

    Using Case-Shiller data of repeat sales, on August 10, 2024, I noted A $150,000 House in 1988 Now Costs $707,500 Thank You Fed

    Mess Entirely of Fed’s Making

    This is a mess entirely of the Fed’s making. And it’s what happens when the Fed, and economists in general do not count home prices as inflation.

    Home prices are not directly in the CPI or PCE. The latter is the Fed’s preferred measure of inflation.

    Economists consider home prices a capital expense not a consumer expense. The problem is simple: Inflation is not just a consumer price concern!

    The Fed ignored obvious inflation in the Great Recession and did so again in the Covid recession.

    Dual-State Economy

    And so here we are. The Fed is directly responsible for a dual-state economy of the haves vs the have-nots.

    The haves are the asset holders. They have largely benefitted from massive asset bubble inflation. The have-nots are those who want to buy a home but are priced out due to inflation.

    The Fed created this setup via QE and mortgage security purchases driving interest rates to zero and mortgage rates below 3 percent.

    Existing homeowners refinanced putting extra money in their pocket every month.

    The have-nots are trapped renting, while most of the haves are trapped in their homes unwilling to trade their 3 percent mortgage for a 6.85 percent mortgage.

    Meanwhile, the cost of insurance, maintenance, and property taxes on that home have jumped so much that 20 percent of people making over $150,000 a year are living paycheck to paycheck.

    End the Fed

    I believe I have made the case to end the Fed. Rather, the Fed made the case against itself.

    This idea was a discussion focus on this blog and the Mises Institute in a series of recent posts.

    Please see Fed “Playing With Fire” Take Two, Who Starts the Business Cycle? for a discussion of ideas and alternatives on ending or reigning in the Fed.

    Tyler Durden
    Wed, 10/23/2024 – 19:15

  • 'Startling': GOP Early-Voting Turnout In Nevada Amazes Veteran Observer, Alarms Dems
    ‘Startling’: GOP Early-Voting Turnout In Nevada Amazes Veteran Observer, Alarms Dems

    Warning lights have been flashing all over the Democrats’ 2024 dashboard, and now a new one is pointing to big trouble for Kamala Harris in the battleground state of Nevada, where early voting results show that GOP voters are actually outnumbering Democrats. 

    Across the country, Democrats typically account for a majority of early votes, and Nevada has been no exception — until now. “The numbers look pretty GOP so far, and that never happens in a presidential year,” wrote veteran Nevada political reporter Jon Ralston in a Tuesday afternoon blog post at the Nevada Independent

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    Democrats lead statewide mail-in voting by 17,298, but Republicans lead in-person voting by a whopping 25,173 — even beating Dems in Clark County and Washoe County, homes of Las Vegas and Reno, respectively. Statewide, Republicans account for 52% of in-person early voting, Democrats are just 28%, and “other” is 20%. “Those in-person numbers are startling,” wrote Ralston, who’s been covering Silver State politics for three decades. “A few more days like this…and the Democratic bedwetting will reach epic proportions.”

    Another dynamic of Americans politics is the big distinction between urban and rural voting patterns, with cities reliably delivering large volumes of Democratic votes. In Nevada, the dynamic is perhaps even more pronounced, with Democrats’ statewide fortunes largely tied to the so-called “Clark firewall.” However, so far in 2024, that barrier is looking mighty short. “The Clark firewall is only 6,500, about a seventh of what it was in 2020,” wrote Ralston.

    The bigger picture is even worse for the Democrats: “The [Republican voter-turnout] lead in rural Nevada is more than double the [Democrat] lead in urban Nevada,” he wroteThe sea change prompted Ralston to declare that we’re witnessing a new dynamic in the 2024 cycle: “The [GOP] rural firewall. It’s a thing.”

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    The departure from norms could also have implications for what we see on Election Day: “It’s clear there are more Republicans voting early and by mail, which raises the possibility that Election Day may not be as robust for the GOP.” 

    Extrapolating the results, Ralston concludes that “it means Kamala Harris has to win indies by close to double digits if this turnout scenario holds.” He cautioned that we’ve only three days into 14 days of early voting, and that results could shift. However, he continued, “If this becomes a trend and not an anomaly, it will be over.” 

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    There’s also a Senate race in Nevada this year, pitting Republican challenger Sam Brown against incumbent Democrat Jacky Rosen. The Cook Political Report rates the race as “Lean D,” while Polymarket bettors collectively have Democrat Rosen at an 80% chance of winning. That’s a big variance from the presidential race, where Polymarket gives Trump a 65% chance of taking the state’s six electoral votes.

    No Republican presidential candidate has won the state since George W. Bush beat John Kerry by a 50.5% to 47.9% margin in 2004… but it looks like the table is being set for an end to that decades-long losing streak. 

    Tyler Durden
    Wed, 10/23/2024 – 18:50

  • Denny's Plots 150 Closings As Part Of Its Growth Strategy
    Denny’s Plots 150 Closings As Part Of Its Growth Strategy

    By Peter Romeo of Restaurant Business Online

    Denny’s needs to close about a tenth of its stores before it can fully harness a comprehensive comeback plan that’s yielded encouraging early results, management informed Wall Street during the 71-year-old chain’s investor’s conference Tuesday. 

    Executives said they’ve tagged about 150 stores whose weak financial performance is sapping the whole system’s vitality. About half those units will be shut by the end of this year, with the rest slated to fire down their grills for good in 2025. 

    “We believe this is absolutely the right thing to do to make our system stronger,” company CEO Kelli Valade said in opening the daylong meeting with investors. 

    She spoke after the franchisor reported a 0.1% decrease in same-store sales for the Denny’s brand in the third quarter. Included in the results was an indication that Denny’s franchisees shut 18 units during the period, leaving the 1,590-unit system 53 restaurants smaller than it was at the end of the year-ago quarter.

    Valade said the closings were necessary to realize headquarters’ goals of raising Denny’s average annual unit volume to $2.2 million and putting a fresh face on the brand. 

    She did not reveal how pricing or traffic levels figured into the quarterly results, though she acknowledged that guest counts were down. “Everyone has lost traffic. Everyone,” Valade commented.

    She cited research showing sales for all of family dining are down about 20%, the steepest decline for any major industry segment. 

    The presentation from management also touched on how many of the chains in family dining, one of the restaurant business’ oldest sectors, are similarly shutting stores. 

    “We’ve contracted most since Covid, that’s a fact,” Valade said.

    Steve Dunn, Denny’s chief development officer, said the home office had reviewed every domestic unit of the chain to assess its financial strength. It found that the fifth of the system with the weakest performance was hurting the rest of the system because the stores were often old and located in markets whose consumer dynamics had changed. The decision was made, he said, to prune those stores for the benefit of the survivors.

    Valade said the systemwide evaluation also revealed the brand’s “Achilles heel,” a significant variation in the look of units from market to market. 

    Dunn indicated the inconsistency and aged look of some stores will be addressed in a comprehensive renovation program called Diner 2.0. It includes several financial incentives for franchisees to make the needed investments, including a grant of $100,000 to operators who opt to update. In exchange for the cash, participants agree to pay what management characterized as a slightly higher royalty fee, though it did not specify how much of an increase there would be.

    In addition, management has worked with a third party to create a $25 million loan pool to fund the updates.

    Restaurants given a facelift tend to see a $400,000 uplift in sales, according to Dunn. Experience has shown that the rejuvenated stores can expect a sales boost of 6.4% and a traffic upswing of 6.5%.

    A signature Denny’s feature that could be dropped from those stores is a requirement that they remain open around the clock. Valade revealed that about 25% of the system has opted not to operate through the night and suggested the chain will not aim for its pre-pandemic goal of every unit being open 24/7.

    Executives of the company reviewed their previously disclosed plan for reinvigorating Denny’s operations and sharpening the brand’s appeal to new and lapsed customers. That strategy pivots on value.

    Valade revealed that some customers are bringing down their tabs in part by ordering Denny’s kids meals more regularly.

    Other executives stressed that virtual concepts will remain a key part of the strategy. Denny’s currently boasts three digital brands: Burger Den, the Meltdown and its newest venture, Banda Burritos, which is now available featured in 1,000 Denny’s units. The three have generated $77 million in sales to date, according to Patty Trevino, the diner chain’s new chief brand officer.

    She revealed that Banda Burritos intends to steal a trick from its parent company’s playbook. The venture is currently eying the rollout of a product called the Grand Slam Burrito, a clear reference to Denny’s signature breakfast platter.

    Trevino stressed that Denny’s will continue to evolve its menu, not only through additions but by upgrading what’s already on the bill of fare. She noted, for instance, that the company has spent $8 million to improve its bacon.

    Keke’s gets some attention

    Management focused more on Denny’s young sister brand, Keke’s Breakfast Café, than executives typically have during their quarterly calls with financial analysts.

    Same-store sales for the still-regional operation slid 1% during the third quarter, said concept President Dave Schmidt.

    He revealed that the concept has been and will continue to be tweaked in preparation for rapid expansion. Development agreements have been signed for 140 stores, off the current base of 61 units. Much of that commitment has come from Denny’s franchisees, Schmidt indicated.

    Tyler Durden
    Wed, 10/23/2024 – 18:25

  • Apple "Might Wind Down" Vision Pro Production Next Month Due To "Weak Demand" 
    Apple “Might Wind Down” Vision Pro Production Next Month Due To “Weak Demand” 

    A new report from The Information suggests Apple might suspend production of its Vision Pro mixed-reality headset as early as next month due to very weak demand. Some Asian suppliers have already reduced or stopped producing headset components since the summer. Additionally, the development of the next Vision Pro model has been delayed, while a more affordable headset is slated for the retail market by the end of 2025. 

    The first version has met weak demand, a result of its high price and the lack of apps available on it. Employees at three Vision Pro suppliers that supply a range of electrical and mechanical components told The Information they have so far built enough components for between 500,000 and 600,000 headsets.

    One of the employees said their factory suspended production of Vision Pro components in May based on Apple’s weak forecasts, and their warehouse remains filled with tens of thousands of undelivered parts.

    . . . 

    In recent weeks, Apple has told Luxshare, which is responsible for the Vision Pro’s final assembly, that it might need to wind down its manufacturing in November, according to an employee at the Chinese manufacturer. Luxshare is making around 1,000 Vision Pro units a day, down from a peak of around 2,000 units a day, the employee said. It has assembled a total of between 500,000 and 600,000 headsets since production began last year ahead of its February release in the U.S., the employee said.

    Apple’s move into the mixed-reality headset market with its $3,500 Vision Pro seems poorly timed, given the financial strain on many low- to mid-tier consumers. High inflation and elevated interest rates, primarily attributed to failed Bidenomics, have left millions of cash-strapped Americans in financial misery as they struggle to cover basic expenses like rent, groceries, car payments, insurance, and phone bills.

    The Vision Pro flop is nothing new to readers. We commented on a WSJ note earlier this month that showed the dismal demand for the headset means no ‘killer app’ anytime soon:

    There has been a significant slowdown in new apps coming to the Vision Pro every month. Only 10 apps were introduced to the Vision App Store in September, down from the hundreds released in the first two months of the device’s launch, according to analytics firm Appfigures.

    It has counted around 1,770 apps available for the Vision Pro in the App Store as of September. Only 34% of those apps are built specifically for the Vision Pro, while the rest are versions of existing Apple apps that have additional Vision Pro functionality, Appfigures said.

    Apple said in August that there are more than 2,500 apps built for the Vision Pro. Appfigures said the discrepancy between these two figures could be, in part, because some apps aren’t used enough to register on usage charts, making them difficult for the analytics firm to detect.

    A visualization from WSJ shows a considerable decline in the number of new apps released for Vision Pro every month since its launch.

    Source: WSJ

    We’ve previously noted…

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    Even from the start. 

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    Just like the AI-enabled iPhone 16, another bust for Apple. 

    Tyler Durden
    Wed, 10/23/2024 – 18:00

  • NASA Finally Comes To Grips With Telework Tumbleweeds
    NASA Finally Comes To Grips With Telework Tumbleweeds

    Authored by Pete McGinnis via RealClearPolicy,

    Two years on from COVID, the agency noticed sparse HQ attendance. 

    Someday, it may end up being one of those hoary old philosophical saws: “If the lease on a government agency’s headquarters expires, but nobody actually works there, do the taxpayers’ sighs of relief make a sound?” 

    The National Aeronautics and Space Administration (NASA) may have the honor of being the first federal agency to find out. Heavily redacted communications obtained by the Functional Government Initiative (FGI) show that the lease on NASA’s headquarters expires in 2028. An email from an official at the General Services Administration, which manages offices and properties for the federal government, said, “The agency is starting the process of evaluating options including leasing, buying a different building, or construction of a new headquarters building, all within the Washington area and close to public transportation.” There was one big problem: knowing how many workers a new HQ will have to house, because nobody at the agency seems to know how many workers show up at the office now.  

    NASA email chains reflect the confusion. One staffer involved in the discussion asked, “Are enterprise organizations on remote work agreements counted in their analysis of under 50% work being performed on-site?” Another had to explain that “100% telework … that is not a thing!” Apparently “Telework Coordinators” are doing a review of each pay period to determine who coded to 100% telework, the reason why, and conducting education and counseling when needed. The last alternative is the employee is not reporting onsite on a regular basis without approval and in contradiction to the regulation.  

    (Ironically, we know of two NASA employees who would dearly love to work from home but can’t. Rest assured, NASA’s doing everything that can be done while in PJs and bunny slippers to get its astronauts home. In the meantime, it’s good to know the SpaceX offices are rocking.

    Of course, it’s not only NASA. In spring 2023, the House Subcommittee on Government Operations and the Federal Workforce asked 25 agencies to report on the status of their telework arrangements. On November 29, 2023, Subcommittee Chairman Pete Sessions told a hearing, “I want to be clear, of the 25 agencies we wrote last spring, many responses were not, in fact, responsive. Eleven of the 25 did not include any figures at all regarding how many of their employees were currently teleworking—either in the Washington, D.C. area or agency-wide.” On the other side of the Capitol, Senator Joni Ernst (Iowa) has been aggressive in her push for transparency in telework and waste from mostly empty federal buildings.  

    Federal workers don’t much seem to miss the watercooler banter of yesteryear. They haven’t exactly been sprinting back to their offices in the two-plus years since the COVID-19 pandemic ended, and getting them back in hasn’t been a priority for the Biden-Harris administration. Despite demands from Congress and an order from President Biden, the trickle of returning workers hasn’t become a flood. 

    At NASA, with its “analysis of under 50% work being performed on-site,” it apparently took until February of 2024 to finally notice the tumbleweeds rolling through HQ and announce to staff it would significantly condense its space: “With daily occupancy in the building so low, people are spread out, which is a waste of space, can be tough on employees and is not the best use of taxpayer dollars.”  

    It’s nice that somebody’s thinking of the taxpayers. But while HQ was being rehabbed, NASA was going to 100% telework until “perhaps May.” And if the agency does move to a new building, the goal seems to be to have people in the office 90% of the time. So that “close to public transportation” feature will be handy. Some day. 

    To recap: the agency is considering a shiny new HQ building but can’t confidently say how many workers it will need to house, and managers don’t seem to know where everyone is. And their only answer is more telework. Meanwhile, the agency is conspicuously failing in the “Aeronautics and Space” mission it was created for and being bailed out by private enterprise. This is classic government dysfunction. 

    But it’s worse. It’s more proof – as though more were needed – that in the federal bureaucracy there’s little accountability and even less concern about what the people who pay the bills think about it. 

    Pete McGinnis is director of communications at the Functional Government Initiative.

    Tyler Durden
    Wed, 10/23/2024 – 17:40

  • DOJ Warns Musk Over $1M Voter Giveaway: Report
    DOJ Warns Musk Over $1M Voter Giveaway: Report

    While the Biden-Harris DOJ has been silent over allegations that Democrat fundraising platform ActBlue is using illegal straw donors, they sure seem to have a problem with Elon Musk’s super PAC – and has issued a warning in an alleged letter that its $1 million daily giveaway in battleground states may violate federal law, NBC News reports (based on an anonymous source, so who knows).

    According to the report, the letter follows mounting pressure to stop the program.

    The letter, which was earlier reported by CNN, follows mounting pressure on state and federal authorities to investigate Musk’s lottery as a potential violation of election laws, including a ban on paying people to register to vote. On Monday, a group of ex-prosecutors and other former government officials sent a letter to the Justice Department requesting an investigation. 

    News of the letter come on the same day that left-wing public advocacy group Public Citizen filed a complaint with the Federal Elections Commission alleging that the contest violates campaign finance law because “the purpose of the $1 million reward for signing the petition appears to be to motivate voter registration and voting at the polls by those sympathetic with the candidacy of Donald Trump in the key swing states for the 2024 presidential election.”

    According to the complaint, because the contest is only available to registered voters, it may constitute an illegal financial incentive to get people to register to vote.

    On the other hand, Musk’s PAC, the America PAC, is asking people to sign a petition for the chance to win $1 million – not explicitly rewarding them for registering to vote.

    SpaceX and Tesla founder Elon Musk awarded Kristine Fishell with a $1 million check during the town hall at the Roxain Theater on October 20, 2024 in Pittsburgh, Pennsylvania.
    Michael Swensen/Getty Images

    On Sunday, Pennsylvania Gov. Josh Shapiro (D) told Meet the Press that the contest was “concerning,” and “something that law enforcement could take a look at.”

    https://platform.twitter.com/widgets.jsWhile we don’t know the contents of the alleged DOJ letter – or if it exists, it’s likely to be a cease-and-desist letter, similar to what Ben & Jerry’s Ice Cream received in 2008 when they offered everyone with an “I Voted” sticker a free ice cream cone on election day.

    According to NBC News legal experts, the giveaway falls into a legal gray area that may or may not violate election law.

    “I can see what people are saying when they argue this violates the law, but I don’t think it does,” said election law expert Matthew Sanderson.

    Musk announced the giveaway last Saturday at a town hall event in Harrisburg, Pennsylvania.

    Tyler Durden
    Wed, 10/23/2024 – 17:20

  • Waste Of The Day: States Are $811 Billion In Debt
    Waste Of The Day: States Are $811 Billion In Debt

    Authored by Jeremy Portnoy via RealClearInvestigations,

    Topline: America’s 50 state governments will need an extra $811 billion to pay off their current debt, according to the annual “State of the States” report from Truth in Accounting.

    Key facts: State governments had $2.9 billion in debt and only $2.1 trillion in assets at the end of fiscal year 2023, Truth in Accounting, a nonpartisan organization that promotes fiscal transparency and accountability, found. The gap will need to be covered by taxpayers sometime in the future.

    Twenty-seven states have “taxpayer burdens,” meaning their budget is not balanced and they would need to collect at least $900 from every person in the state to eliminate their debt. Massachusetts, Illinois, New Jersey and Connecticut received a letter grade of “F” because they would need over $25,000 from every resident to pay their bills.

    Only 23 states had what Truth in Accounting calls a “taxpayer surplus,” meaning they could pay off all of their debt and still have money to return to taxpayers. Four states received a letter grade of “A” because they have a taxpayer surplus above $10,000: North Dakota, Alaska, Wyoming and Utah.

    Unfunded pension liabilities contributed $840 billion to the debt. States have promised to eventually pay pensions to teachers, firefighters, cops and more, but have only saved up 70% of the necessary cash.

    Other post-retirement benefits are underfunded by $493 billion. They mostly consist of lifetime healthcare plans, for which states have saved up only 14% of the money they’ve promised to current employees.

    Researchers wrote that “Unfortunately, some elected officials have used portions of the money owed to pension and OPEB funds to keep taxes low and pay for politically popular programs. This is similar to charging earned benefits to a credit card without having the money to pay off the debt.”

    Underreporting pension liabilities is just one “accounting trick” politicians use to falsely claim their budgets are balanced, according to Truth in Accounting. Some states also overstate their revenue, count borrowed money as income, and more.

    Every state has a law requiring their budget to be balanced, except for Vermont.

    Search all federal, state and local government salaries and vendor spending with the AI search bot, Benjamin, at OpenTheBooks.com.

    Summary: The national debt makes headlines constantly, but the fiscal problems at the state level can’t be ignored.

    The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com

    Tyler Durden
    Wed, 10/23/2024 – 17:00

  • 'The Atlantic' Immediately Debunked After Attempting Yet Another Trump Military Hit Piece
    ‘The Atlantic’ Immediately Debunked After Attempting Yet Another Trump Military Hit Piece

    Authored by Luis Cornelio via Headline USA,

    The sister of slain soldier Vanessa Guillén slammed The Atlantic after it used anonymous sources to allege that President Donald Trump disparaged her after discovering the funeral expenses. 

    Guillén’s death at the hands of a fellow soldier and his girlfriend became national news in 2020, with Trump comforting the grief-stricken family and extending death benefits. He also offered to cover the costs personally if the Army did not pay for the funeral expenses. 

    The Atlantic’s Jeffrey Goldberg, however, attempted to rewrite history on Tuesday, claiming that Trump was outraged when he learned that Guillén’s funeral, which included heightened security and closed streets, cost $60,000. 

    According to the magazine—relying on an anonymous source—Trump allegedly said, “It doesn’t cost 60,000 bucks to bury a fucking Mexican!” and ordered then-White House Chief of Staff Mark Meadows to deny payment. 

    Guillén’s sister, Mayra, issued a viral statement on X, condemning The Atlantic’s distorted portrayal of her experience with Trump. 

    “I don’t appreciate how you are exploiting my sister’s death for politics- hurtful & disrespectful to the important changes she made for service members,” Mayra wrote on X, garnering over 3 million views. 

    “President Donald Trump did nothing but show respect to my family & Vanessa. In fact, I voted for President Trump today,” Mayra added.

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    In another post, Mayra emphasized that her sister’s death should never be politicized. 

    “Unbelievable,” she continued

    The denials did not stop there as Meadows took to X, refuting the allegations. 

    “Any suggestion that President Trump disparaged Ms. Guillen or refused to pay for her funeral expenses is absolutely false,” Meadows wrote.

    “He was nothing but kind, gracious, and wanted to make sure that the military and the U.S. government did right by Vanessa Guillen and her family.”

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    Meadows’s spokesperson, Ben Williamson, explicitly denied that Trump ever made the remarks in comments provided before publication.

    The Atlantic omitted these comments, claiming that Williamson denied ever hearing such remarks.

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    This marked the second instance of The Atlantic publishing demonstrably false claims against Trump.

    The magazine previously claimed that Trump refused to visit a veteran cemetery because he allegedly called fallen soldiers “suckers” and “losers.” 

    It was later revealed that the cemetery trip was canceled due to poor weather, which required Trump to travel by helicopter. 

    Tyler Durden
    Wed, 10/23/2024 – 16:20

  • Traders Sell Everything As Dollar & Yields Soar To 3-Month Highs
    Traders Sell Everything As Dollar & Yields Soar To 3-Month Highs

    Stocks dropped for the third day in a row today (longest streak since early Sept) with the S&P’s worst loss in seven weeks, as with a big h/t to Goldman, it seems equity market bulls finally noticed the recent explosion in rates.

    Treasury yields rose across the curve again today (with the long-end outperforming – 2Y +5bps, 30Y +2bps)…

    Source: Bloomberg

    But, the recent 2-sigma move in rates (as we have seen) implies serious drawdowns for stocks…

    …and the surge in rates (10Y +55bps in the last three weeks) suddenly hit stocks…

    Source: Bloomberg

    …and ‘Trumpflation’ has prompted a market-wide rethink of rate-cut expectations (lower/hawkish), especially for next year…

    Source: Bloomberg

    …and that all weighed on stocks bigly today. There was a small comeback after The Beige Book signaled some dovishness, but Nasdaq was the day’s biggest loser (down over 2% at one point)…

    A big down-day for mega-cap tech today…

    Source: Bloomberg

    All seven of the Mag7 stocks were down today – that is the first time that’s happened since Sept 6th…

    Source: Bloomberg

    ‘Most Shorted’ stocks were monkeyhammered lower…

    Source: Bloomberg

    Even the so-called ‘Trump Trade’ saw selling pressure today (though the “Democratic Victory’ basket was hit even harder, so don’t get all excited Kamala)…

    Source: Bloomberg

    Goldman’s trading desk noted that overall activity levels are up +5% vs. the trailing 2 weeks with market volumes up +5% vs the 10dma, with their floor basically paired Buy vs. Sell with HFs net to buy and LOs net for sale

    • HFs are +7% better to buy with Demand in Macro Products, Industrials & Tech offsetting supply in Fins, Utes & Comms Svcs

    • LOs are -2% better for sale.  Tech supply from them outweighs supply in Staples and Cons Svcs by 3:1.  Demand is led by Cons Disc, Mats & HCare.

    Meanwhile, the dollar refuses to stop, rallying up to its strongest since early July against its fiat peers…

    Source: Bloomberg

    Treasury yields are rising as fast as the dollar – also up to three month highs (all above 4.00%)…

    Source: Bloomberg

    The dollar strength finally smacked gold lower today… but not before the precious metal hit a new intraday record high…

    Source: Bloomberg

    Silver underperformed gold on the day after a decent run against the barbarous relic…

    Source: Bloomberg

    Crypto was clubbed like a baby seal also, with Bitcoin fading back towards $65,000….

    Source: Bloomberg

    After two strong days, oil prices slipped lower on an inventory build, higher crude production, and no extreme headlines out of the MidEast (yet)…

    Source: Bloomberg

    Finally, prediction markets continue to trend in Trump’s direction…

    Source: Bloomberg

    …and even the polls are starting to move in his favor (because there’s only so much ‘cheat’ margin to play with).

    Tyler Durden
    Wed, 10/23/2024 – 16:00

Digest powered by RSS Digest

Today’s News 23rd October 2024

  • Poles Are Getting Fed Up With Ukrainian Refugees & The Proxy War; Latest Survey Shows
    Poles Are Getting Fed Up With Ukrainian Refugees & The Proxy War; Latest Survey Shows

    Authored by Andrew Korybko via Substack,

    The state-run Polish Press Agency recently reported on the publication of the latest survey by the publicly financed Center for Public Opinion Research about Poles’ attitudes towards Ukrainian refugees and the proxy war.

    The results might surprise casual observers who hitherto assumed that this population is still gung-ho about both due to their supposedly innate and irredeemable Russophobia. Before diving into the details, the reader should review these three prior analyses on this subject:

    * 21 February: “A Top EU Think Tank’s Poll Proved That Polish Views Towards Ukraine Are Noticeably Shifting

    * 27 March: “What Do The Latest Surveys Say About Poles’ Attitudes Towards Ukraine & The Farmers’ Protests?

    * 8 July: “Interpreting A Top EU Think Tank’s Latest Survey On Polish Attitudes Towards Ukraine

    Having shared the evolving statistical context for those who are interested, it’s now time to highlight what the latest survey showed.

    Only a little more than half of Poles (53%) support accepting more Ukrainian refugees, while two-thirds (67%) want to deport conscription-aged Ukrainian males (25-60 years old).

    Less than half (46%) support Ukraine continuing to fight Russia, slightly less (39%) want it to give up territory for peace, and a little bit more (44%) believe that this will ultimately happen in any case.

    The military-strategic context within which these results were obtained is that Poland confirmed in late August, several weeks before the survey was conducted between 12-22 September, that it had already maxed out its military support for Ukraine.

    Mainstream Media outlets like CNN also began sharing glimpses of just how bad everything had become for Ukraine too.

    The Volhynia Genocide dispute, which deeply enrages most Poles, returned to the fore of bilateral relations in early September as well.

    This confluence of factors served to catalyze the preexisting trends that were discovered by the previously cited surveys and led to the surprising situation where two-thirds of Poles want to deport conscription-aged Ukrainian males even though less than half support Ukraine continuing to fight Russia.

    In other words, they want to send them to their deaths for a cause that they themselves no longer support, which hints at a vindictiveness towards them that’s only now being discussed by top officials.

    Defense Minister Wladyslaw Kosiniak-Kamysz told an interviewer last week that:

    “The fact is that our society is very shocked by the sight of young men from Ukraine driving the best cars, spending weekends in five-star hotels. And this is unfair to Poles, who contribute to healthcare, benefits, education, not to mention weapons supplies and other assistance.”

    He himself also expressed resentment towards his state-level Ukrainian peers by accusing them of taking Polish aid for granted.

    In his words,We gave Ukraine military equipment worth over 15 billion złoty and we were the first to do so when others were wondering whether they could send anything. If we, as Poland, had not given them all those tanks, planes and other weapons, there would be no one to help today. And I have the feeling that the Ukrainian side does not remember this, is not aware that if it were not for this Polish help, they would not have reached the stage they are at today. This is not right.”

    It therefore naturally follows that a growing number of Poles have become fed up with Ukrainian refugees and the proxy war after feeling that their country has been taken advantage of. Poles are a generous people, but they also have enough self-respect to not tolerate ingratitude from those who they help. Ukrainians and their state have spit in Poles’ faces for far too long, which is why most of the latter now want to throw those that have leeched off of them into the Russian meatgrinder as revenge. 

    Tyler Durden
    Wed, 10/23/2024 – 02:00

  • The Danger Is Real: The Deep State's Plot To Destabilize The Nation Is Working
    The Danger Is Real: The Deep State’s Plot To Destabilize The Nation Is Working

    Authored by John & Nisha Whitehead via The Rutherford Institute,

    “The most dangerous man to any government is the man who is able to think things out … without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.”

    – H. L. Mencken

    If the three-ring circus that is the looming presidential election proves anything, it is that the Deep State’s plot to destabilize the nation is working.

    The danger is real.

    Caught up in the heavily dramatized electoral showdown between Donald Trump and Kamala Harris, Americans have become oblivious to the multitude of ways in which the government is goosestepping all over our freedoms on a daily basis.

    Especially alarming is the extent to which those on both sides are allowing themselves to be gaslighted by both Trump and Harris about critical issues of the day, selectively choosing to hear only what they want to hear when it casts the opposition in a negative light.

    This is true whether you’re talking about immigration and border control, health care, national security, the nation’s endless wars, protections for free speech, or the militarization of the U.S. government.

    For starters, there’s the free speech double standard, what my good friend Nat Hentoff used to refer to as the “free speech for me but not for thee” phenomenon in which the First Amendment’s protections only apply to those with whom we might agree.

    Despite her claims to being a champion for the rule of law, which in our case is the U.S. Constitution, Harris isn’t averse to policing so-called “hate” speech. In this, Harris is not unlike those on both the Right and the Left who continue to express a distaste for unregulated, free speech online, especially when it comes to speech with which they might disagree.

    Then there’s Trump, never a fan of free speech protections for his critics, who has been particularly vocal about his desire to see the military vanquish “radical left lunatics,” which he has dubbed “the enemy from within.”

    If it were only about muzzling free speech activities, that would be concerning enough.

    But Trump’s enthusiasm for using the military to target domestic enemies of the state should send off warning bells, especially coinciding as it does with the Department of Defense’s recent re-issuance of Directive 5240.01, which empowers the military to assist law enforcement “in situations where a confrontation between civilian law enforcement and civilian individuals or groups is reasonably anticipated.”

    This is what martial law looks like—a government of force that relies on the military to enforce its authority—and it’s exactly what America’s founders feared, which is why they opted for a republic bound by the rule of law: the U.S. Constitution.

    Responding to concerns that the military would be used for domestic policing, Congress passed the Posse Comitatus Act in 1878, which makes it a crime for the government to use the military to carry out arrests, searches, seizure of evidence and other activities normally handled by a civilian police force.

    The increasing militarization of the police, the use of sophisticated weaponry against Americans and the government’s increasing tendency to employ military personnel domestically have all but eviscerated historic prohibitions such as the Posse Comitatus Act.

    Yet sometime over the course of the past 240-plus years that constitutional republic has been transformed into a military dictatorship disguised as a democracy.

    Unfortunately, most Americans seem relatively untroubled by the fact that our constitutional republic is being transformed into a military dictatorship disguised as a democracy.

    The seeds of chaos that have been sown in recent years are all part of the Deep State’s plans to usher in martial law.

    Observe for yourself what has been happening right before our eyes.

    Domestic terrorism fueled by government entrapment schemes. Civil unrest stoked to dangerous levels by polarizing political rhetoric. A growing intolerance for dissent that challenges the government’s power grabs. Police brutality tacitly encouraged by the executive branch, conveniently overlooked by the legislatures, and granted qualified immunity by the courts. A weakening economy exacerbated by government schemes that favor none but a select few. Heightened foreign tensions and blowback due to the military industrial complex’s profit-driven quest to police and occupy the globe.

    This is no conspiracy theory.

    There’s trouble brewing, and the government is masterminding a response using the military.

    Just take a look at “Megacities: Urban Future, the Emerging Complexity,” a Pentagon training video created by the Army for U.S. Special Operations Command.

    The training video is only five minutes long, but it says a lot about the government’s mindset, the way its views the citizenry, and the so-called “problems” that the government must be prepared to address in the near future through the use of martial law.

    Even more troubling, however, is what this military video doesn’t say about the Constitution, about the rights of the citizenry, and about the dangers of locking down the nation and using the military to address political and social problems.

    The training video anticipates that all hell will break loose by 2030, but the future is here ahead of schedule.

    We’re already witnessing a breakdown of society on virtually every front.

    By waging endless wars abroad, by bringing the instruments of war home, by transforming police into extensions of the military, by turning a free society into a suspect society, by treating American citizens like enemy combatants, by discouraging and criminalizing a free exchange of ideas, by making violence its calling card through SWAT team raids and militarized police, by fomenting division and strife among the citizenry, by acclimating the citizenry to the sights and sounds of war, and by generally making peaceful revolution all but impossible, the government has engineered an environment in which domestic violence is becoming almost inevitable.

    The danger signs are screaming out a message

    The government is anticipating trouble (read: civil unrest), which is code for anything that challenges the government’s authority, wealth and power.

    According to the Pentagon training video created by the Army for U.S. Special Operations Command, the U.S. government is grooming its armed forces to solve future domestic political and social problems.

    What they’re really talking about is martial law, packaged as a well-meaning and overriding concern for the nation’s security.

    The chilling five-minute training video, obtained by The Intercept through a FOIA request and made available online, paints an ominous picture of the future—a future the military is preparing for—bedeviled by “criminal networks,” “substandard infrastructure,” “religious and ethnic tensions,” “impoverishment, slums,” “open landfills, over-burdened sewers,” a “growing mass of unemployed,” and an urban landscape in which the prosperous economic elite must be protected from the impoverishment of the have nots.

    And then comes the kicker.

    Three-and-a-half minutes into the Pentagon’s dystopian vision of “a world of Robert Kaplan-esque urban hellscapes — brutal and anarchic supercities filled with gangs of youth-gone-wild, a restive underclass, criminal syndicates, and bands of malicious hackers,” the ominous voice of the narrator speaks of a need to “drain the swamps.”

    Drain the swamps.

    Surely, we’ve heard that phrase before?

    Ah yes.

    Emblazoned on t-shirts and signs, shouted at rallies, and used as a rallying cry among Trump supporters, “drain the swamp” became one of Donald Trump’s most-used campaign slogans.

    Now the government has adopted its own plans for swamp-draining, only it wants to use the military to drain the swamps of futuristic urban American cities of “noncombatants and engage the remaining adversaries in high intensity conflict within.”

    And who are these noncombatants, a military term that refers to civilians who are not engaged in fighting?

    They are, according to the Pentagon, “adversaries.”

    They are “threats.”

    They are the “enemy.”

    They are people who don’t support the government, people who live in fast-growing urban communities, people who may be less well-off economically than the government and corporate elite, people who engage in protests, people who are unemployed, people who engage in crime (in keeping with the government’s fast-growing, overly broad definition of what constitutes a crime).

    In other words, in the eyes of the U.S. military, noncombatants are American citizens a.k.a. domestic extremists a.k.a. enemy combatants who must be identified, targeted, detained, contained and, if necessary, eliminated.

    In the future imagined by the Pentagon, any walls and prisons that are built will be used to protect the societal elite—the haves—from the have-nots.

    If you haven’t figured it out already, we the people are the have-nots.

    Suddenly it all begins to make sense.

    The events of recent years: the invasive surveillance, the extremism reports, the civil unrest, the protests, the shootings, the bombings, the military exercises and active shooter drills, the color-coded alerts and threat assessments, the fusion centers, the transformation of local police into extensions of the military, the distribution of military equipment and weapons to local police forces, the government databases containing the names of dissidents and potential troublemakers.

    The government is systematically locking down the nation and shifting us into martial law.

    This is how you prepare a populace to accept a police state willingly, even gratefully.

    You don’t scare them by making dramatic changes. Rather, you acclimate them slowly to their prison walls.

    Persuade the citizenry that their prison walls are merely intended to keep them safe and danger out. Desensitize them to violence, acclimate them to a military presence in their communities, and persuade them that there is nothing they can do to alter the seemingly hopeless trajectory of the nation.

    Before long, no one will even notice the floundering economy, the blowback arising from military occupations abroad, the police shootings, the nation’s deteriorating infrastructure and all of the other mounting concerns.

    It’s happening already.

    The sight of police clad in body armor and gas masks, wielding semiautomatic rifles and escorting an armored vehicle through a crowded street, a scene likened to “a military patrol through a hostile city,” no longer causes alarm among the general populace.

    Few seem to care about the government’s endless wars abroad that leave communities shattered, families devastated and our national security at greater risk of blowback.

    The Deep State’s tactics are working.

    We’ve allowed ourselves to be acclimated to the occasional lockdown of government buildings, Jade Helm military drills in small towns so that special operations forces can get “realistic military training” in “hostile” territory, and  Live Active Shooter Drill training exercises, carried out at schools, in shopping malls, and on public transit, which can and do fool law enforcement officials, students, teachers and bystanders into thinking it’s a real crisis.

    Still, you can’t say we weren’t warned about the government’s nefarious schemes to lock down the nation.

    Back in 2008, an Army War College report revealed that “widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.” The 44-page report went on to warn that potential causes for such civil unrest could include another terrorist attack, “unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters.”

    In 2009, reports by the Department of Homeland Security surfaced that labelled right-wing and left-wing activists and military veterans as extremists (a.k.a. terrorists) and called on the government to subject such targeted individuals to full-fledged pre-crime surveillance. Almost a decade later, after spending billions to fight terrorism, the DHS concluded that the greater threat is not ISIS but domestic right-wing extremism.

    Meanwhile, the government has been amassing an arsenal of military weapons for use domestically and equipping and training their “troops” for war. Even government agencies with largely administrative functions such as the Food and Drug Administration, Department of Veterans Affairs, and the Smithsonian have been acquiring body armor, riot helmets and shields, cannon launchers and police firearms and ammunition. In fact, there are now at least 120,000 armed federal agents carrying such weapons who possess the power to arrest.

    Rounding out this profit-driven campaign to turn American citizens into enemy combatants (and America into a battlefield) is a technology sector that has been colluding with the government to create a Big Brother that is all-knowing, all-seeing and inescapable. It’s not just the drones, fusion centers, license plate readers, stingray devices and the NSA that you have to worry about. You’re also being tracked by the black boxes in your cars, your cell phone, smart devices in your home, grocery loyalty cards, social media accounts, credit cards, streaming services such as Netflix, Amazon, and e-book reader accounts.

    All of this has taken place right under our noses, funded with our taxpayer dollars and carried out in broad daylight without so much as a general outcry from the citizenry.

    And then you have the government’s Machiavellian schemes for unleashing all manner of dangers on an unsuspecting populace, then demanding additional powers in order to protect “we the people” from the threats.

    Are you getting the picture yet?

    The U.S. government isn’t protecting us from terrorism.

    The U.S. government is creating the terror. It is, in fact, the source of the terror.

    Just think about it for a minute: Cyberwarfare. Terrorism. Bio-chemical attacks. The nuclear arms race. Surveillance. The drug wars.

    Almost every national security threat that the government has claimed greater powers in order to fight—all the while undermining the liberties of the American citizenry—has been manufactured in one way or another by the government.

    Did I say Machiavellian? This is downright evil.

    We’re not dealing with a government that exists to serve its people, protect their liberties and ensure their happiness. Rather, these are the diabolical machinations of a make-works program carried out on an epic scale whose only purpose is to keep the powers-that-be permanently (and profitably) employed.

    Mind you, by “government,” I’m not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats.

    I’m referring to “government” with a capital “G,” the entrenched Deep State that is unaffected by elections, unaltered by populist movements, and has set itself beyond the reach of the law.

    I’m referring to the corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country and calling the shots in Washington DC, no matter who sits in the White House.

    Be warned: in the future envisioned by the government, we will not be viewed as Republicans or Democrats. Rather, “we the people” will be enemies of the state.

    For years, the government has been warning against the dangers of domestic terrorism, erecting surveillance systems to monitor its own citizens, creating classification systems to label any viewpoints that challenge the status quo as extremist, and training law enforcement agencies to equate anyone possessing anti-government views as a domestic terrorist.

    What the government failed to explain was that the domestic terrorists would be of the government’s own making, and that “we the people” would become enemy #1.

    As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, we’re already enemies of the state.

    It’s time to wake up and stop being deceived by Deep State propaganda.

    Tyler Durden
    Tue, 10/22/2024 – 23:25

  • Reporter Injured By Bullet Fragment During Kinzinger-Democrat Campaign Stunt
    Reporter Injured By Bullet Fragment During Kinzinger-Democrat Campaign Stunt

    A local TV reporter was struck in the arm with a bullet fragment while covering a campaign event for a Democratic Senate candidate featuring former Rep. Adam Kinzinger (R).

    Missouri Democratic candidate for U.S. Senate Lucas Kunce applies first aid to KSHB 41 reporter Ryan Gamboa after Gamboa was struck by ricochet from a bullet fragment shot from a gun handled by Kunce during a sport shooting campaign event with former Republican representative Adam Kinzinger on Tuesday, Oct. 22, 2024 in Holt, Missouri. Dominick Williams dowilliams@kcstar.com

    Missouri Democratic candidate Lucas Kunce who’s trying to unseat Sen. Josh Hawley (R-MO) – was shooting an AR-15 at the time, and was the only person shooting when KSHB-TV’s Ryan Gamboa was struck.

    Missouri Democratic candidate for U.S. Senate Lucas Kunce fires rounds from a custom AR15 during a sport shooting campaign event Tuesday, Oct. 22, 2024 in Holt, Missouri. Dominick Williams dowilliams@kcstar.com

    Kunce, a former Marine, wrapped gauze around Gamboa’s arm and applied a tourniquet using his belt, according to the Kansas City Star, which notes that ‘Kunce has his military background in campaign ads, some of which show him firing a gun.

    After he was treated, Gamboa soldiered on covering the event.

    Missouri Democratic candidate for U.S. Senate Lucas Kunce takes questions from KSHB 41 reporter Ryan Gamboa after Gamboa was struck by ricochet from a bullet fragment shot from a gun handled by Kunce during a sport shooting campaign event Tuesday, Oct. 22, 2024 in Holt, Missouri. Dominick Williams dowilliams@kcstar.com

    Maybe ‘hunters’ Kamala Harris and Tim Walz should have stopped by to offer some tips – like how to load a shotgun with your crotch?

    Tyler Durden
    Tue, 10/22/2024 – 23:00

  • Israeli Ministers Call For Expulsion Of Palestinians At 'Resettle Gaza' Conference
    Israeli Ministers Call For Expulsion Of Palestinians At ‘Resettle Gaza’ Conference

    Authored by Dave DeCamp via AntiWar.com,

    On Monday, Israeli Knesset members and senior government ministers attended a conference on re-establishing Jewish settlements in the Gaza Strip that was held in southern Israel near the Gaza border.

    The conference, titled “Preparing to Resettle Gaza,” was organized by the Israeli settler organization Nachala and members of Israeli Prime Minister Benjamin Netanyahu’s Likud party.

    Image: Times of Israel/Nachala Settlement Movement

    At least ten out of the 32 Likud party members in the Israeli Knesset were set to attend the conference, including May Golan, who is in Netanyahu’s government as the minister for Social Equality and the Advancement of the Status of Women.

    In a speech at the rally, which drew hundreds of attendees, Golan vowed Palestinians in Gaza would face another “Nakba,” referring to the ethnic cleansing of Palestinian Arabs when the modern state of Israel was formed in 1948.

    “We will hit them where it hurts – their land,” Golan said, according to Haaretz. “Anyone who uses their plot of land to plan another Holocaust will receive from us, with God’s help, another Nakba that they will tell their children and their grandchildren about for the next 50 years.”

    National Security Minister Itamar Ben Gvir, leader of the Jewish Power party, also delivered a speech at the conference, and he received a very warm welcome. Haaretz reported that attendees broke out in chants of “Look over here, it’s our next Prime Minister” and “Death penalty for terrorists,” referring to Ben Gvir’s calls to execute Palestinian prisoners to make room in Israeli prisons.

    In his speech, Ben Gvir said, “We will encourage the voluntary transfer of all Gazan citizens. We will offer them the opportunity to move to other countries because that land belongs to us.”

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    Ben Gvir and other proponents of conquering Gaza have framed their idea as “voluntary” for the Palestinians, but the Israeli military campaign has made most of Gaza uninhabitable. Palestinians in northern Gaza are currently facing Israeli evacuation orders to move to the south under the threat of death by military action or starvation.

    Other Israeli ministers who attended the conference include Finance Minister Bezalel Smotrich and Yitzhak Wasserlauf, the minister for the development of the Negev and Galilee.

    Daniella Weiss, a leader of Nachala, vowed that Jewish settlements would begin popping up in Gaza within a year. “In less than a year, each one of you can call me and ask me if I succeeded in fulfilling my dream,” she told reporters at the conference. “Actually, you don’t even have to call me. You will witness how Jews go to Gaza and Arabs disappear from Gaza.”

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    Weiss also made it clear that her ambitions for Israeli expansion did not stop in Gaza or the West Bank. “The real borders of greater Israel are between the Euphrates River and the Nile.”

    Haaretz recently reported that the Israeli government is not seeking to revive ceasefire talks with Hamas and is now pushing for the gradual annexation of large portions of the Gaza Strip.

    Tyler Durden
    Tue, 10/22/2024 – 22:35

  • Escape Biden-flation Storm With A Walmart Tiny Home
    Escape Biden-flation Storm With A Walmart Tiny Home

    Housing affordability in the United States under the Biden-Harris administration has hit a generational low. After all, WEF’s slogan of ‘owning nothing and being happy’ has become an alarming reality for millions of Americans in the last 3.5 years.

    To counter this hellscape that Democrats have created through the worst inflation storm since the 1970s, folks stuck in the doom loop of renting in dangerous big cities should find a plot of land in rural America. Next, find a tiny home. 

    We’ve discussed this for years: as the standard of living implodes in the US, the size of homes will shrink. Television shows have popularized tiny homes in recent years, and big-box retailers have been selling them (Home Depot).

    Walmart is the latest retailer selling tiny homes. It now offers a 19-by-20-foot “expandable prefab house” delivered by flatbed truck for $15,900.

    It looks almost like a double-wide mobile home from the Canadian mockumentary television sitcom ‘Trailer Park Boys.’ 

    For $21,888, Walmart is offering a towable tiny home. 

    Next, browse Zillow for land lots in rural America. A simple search in Terra Alta, West Virginia, shows numerous lots with multiple acres for dirt cheap.

    Why go this route? Well, it’s cheaper than trying to afford the most basic home. Also, grow your own food and source locally, breaking away from the processed food industrial complex.

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    According to data compiled by the National Association of Realtors, the average household income to buy a home now requires over $100k. 

    Infographic: Majority of Americans Can No Longer Afford an Average House | Statista

    Housing affordability has collapsed to record lows under Biden-Harris…

    Power hookups and wells are extra costs. Plus, for remote workers, connecting to the internet is as easy as using a Starlink terminal.

    Tyler Durden
    Tue, 10/22/2024 – 22:10

  • Health Care Is Complicated
    Health Care Is Complicated

    Authored by Jerry Rogers via RealClearHealth,

    The American healthcare system is not really one system. No, health care in the U.S. is comprised of several systems – Medicare, Medicaid, TRICARE, private insurance as well as myriad state and local healthcare programs. What’s more, patients have access to charity care programs and patient assistant programs. For instance, pharmaceutical manufacturers sponsor patient assistance programs (PAPs) that provide financial assistance or free product (through in-kind product donations) to low-income individuals to augment any existing prescription drug coverage.

    So, when you hear a politician talking about quick fixes to lower the cost of medicine, usher in a single-payer system like ‘Medicare-for-All’, or bring about an immediate free-market revolution to health care, it’s not true. There are no easy reforms or singular solutions that will impact all the layers and complications of providing greater access to health care at lower costs.

    Healthcare reform requires numerous transformations that will take time, and the willingness of both the public and private sectors to evolve. The one truth about American health care is that it’s a complete mess.

    The current health care environment demands an ‘all-of-the-above’ approach – more private-sector competition, health insurance flexibility, greater price transparency, and myriad other reforms. For instance, what are Alternative Funding Programs (AFPs) and how do they deliver medical coverage to patients?

    Businesses are desperate to remain competitive – our economy has been shattered by historic inflation, unprecedented supply-chain shortages, high interest rates, and low-cost foreign competition. AFPs could help small businesses in their efforts to stay open – and thrive. AFPs help companies reduce their health care costs by ‘offloading’ the health expenses of certain specialty medications. AFPs can do this by exploiting the pharmaceutical industry’s charitable giving – the patient assistant programs. Very simply put, AFPs help employers lower their pharmacy benefit costs. Alternative Payment Programs advocate for patients by navigating the complicated healthcare landscape of PAPS to find solutions where employer-sponsored health plans fall short.

    Millions of Americans are underinsured – they might have some form of group health plan coverage, but that coverage doesn’t adequately address their medical costs – the specialty medicines they need. Specialty drugs are high-cost prescription medications used by patients with serious, complex illnesses – for instance, patients with cancer, arthritis or MS. AFPs fill the insurance gap for the underinsured patient – an insurance gap that if not addressed leaves patients vulnerable to both serious illnesses and financial ruin.

    AFPs can help patients lacking traditional insurance; specifically, patients who are in self-funded plans that do not provide coverage for high-cost prescription medications needed to treat chronic conditions – i.e., specialty medicines. AFPs serve patients who can’t afford treatment, and patients who lack the financial means to pay for the medication out-of-pocket.

    AFPs are a growing presence impacting our healthcare systems, and their business model is provocative. The pharmaceutical industry points to how AFPs are designed to take advantage of manufacturer-sponsored PAPs, primarily for high-cost specialty medications. AFPs work by carving out specialty medicines and then using patients’ insurance status to enroll them in a manufacturer PAP. The results are health plans and employers benefit from these services by saving money on prescriptions.

    In a recent conversation with Paydhealth’s David A. Galardi (Chief Commercial Office), he described his company’s vocation with an actual client’s circumstance:

    ‘In a large school district, an employee under a group health plan needed three costly specialty medications. Without intervention, the district would have faced nearly $650,000 in annual costs. PaydHealth stepped in, reviewed the case, identified forms of assistance the individual was eligible for, and helped secure free assistance for the employee within 72 hours. This not only preserved access to the prescribed therapy but also saved the public sector employer from bearing the high costs while ensuring the patient received the necessary treatment.’

    AFPs are a part of the healthcare ether. Paydhealth’s website puts it this way: We are ‘changing the funding of specialty healthcare to re-imagine the possibilities of bringing real savings to the purchaser of health care’ – the patient

    Specialty medications account for 51% of total pharmacy spending though they are used by less than 2% of the population. Policymakers should be looking at solutions to get the right medicine to the right patient at the right time – and at the right cost. Let’s have that public discussion so patients see greater access to the medicines and treatments they need.

    AFPs, like Paydhealth, could be part of the health care fix patients deserve – addressing real problems in the healthcare space.

    Jerry Rogers is editor at RealClearPolicy and RealClearHealth. He hosts ‘The Jerry Rogers Show’ on WBAL NewsRadio 1090/FM 101.5 and the Federal Newswire’s ‘The Business of America’. Follow him on Twitter @JerryRogersShow.

    Tyler Durden
    Tue, 10/22/2024 – 21:45

  • India's Modi Urges Quick 'Peaceful' End To Ukraine War In Meeting With Putin
    India’s Modi Urges Quick ‘Peaceful’ End To Ukraine War In Meeting With Putin

    On the first day of the annual BRICS summit held in Kazan, Russia – Indian Prime Minister Narendra Modi issued a call for the war in Ukraine to be resolved peacefully and “quickly”.

    This is the message he conveyed directly Russian President Vladimir Putin upon the start of the three-day gathering. Putin hopes to present the BRICS alliance as the main alternative to Western hegemony.

    “We have been in constant touch over the conflict between Russia and Ukraine,” Modi told Putin, just after the two once again shared a warm embrace. “We believe that disputes should only be resolved peacefully. We totally support efforts to quickly restore peace and stability,Modi emphasized. Russia looks anything but “isolated” during this week of hosting major heads of state.

    Source: ANI

    “All our efforts give priority to humanity. India is ready to provide all possible cooperation in the times to come,” the prime minister added.

    Modi had recounted upon arriving in Kazan the night prior – and as a way to highlight steady relations with Moscow despite the more than two-year long Ukraine war – that this is his second visit to Russia in just three months.

    “My two visits to Russia in the last three months reflect our close coordination and deep friendship. Our Annual Summit in Moscow in July has strengthened our cooperation in every field…In 15 years, the BRICS has created its special identity and now many countries of the world want to join it. I am looking forward to participating in the BRICS Summit tomorrow,” Modi said.

    Putin responded positively by describing that “Russian-Indian relations have the character of a particularly privileged strategic partnership and continue to actively develop.”

    Modi and Putin laugh at a joke by the Russian president…

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    Other BRICS partners are likely to repeat this call for peace and de-escalation in Ukraine. Around two dozen global leaders in the Russian city, notably including Chinese leader Xi Jinping, Turkish President Recep Tayyip Erdogan, South African President Cyril Ramaphosa, Iranian President Masoud Pezeshkian, and UN Secretary-General Antonio Guterres.

    Russian state sources are hailing Russia playing host to the summit:

    By hosting BRICS Summit in Kazan, Russia “shows the West that it’s not isolated” and President Vladimir Putin “is no pariah,” Time Magazine reported on Tuesday.

    According to Alicia Garcia-Herrero, a senior research fellow at the Bruegel think tank who spoke to the outlet, BRICS “expansion is a clear sign that the global balance of power is shifting.”

    Top of the agenda toward this end will be discussion of and the further advancing of a BRICS-led payment system to rival the SWIFT international payment system, which President Putin has long talked about.

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    The conflicts breaking out in the Middle East will also be a prime topic, given Israel is still vowing to strike back at Iran for the Oct.1st ballistic missile attack, and as Lebanon comes under increasing bombardment by Israeli jets.

    Tyler Durden
    Tue, 10/22/2024 – 21:20

  • The Rise Of The Humble
    The Rise Of The Humble

    Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),

    I’m part of a supper club that meets monthly. It was founded at the height of the lockdowns when everyone was being forced into masks and being muscled into getting the shot. This group resisted both, despite the imposing certainty of the mandates.

    Timur Mustakimov plays on Future Stars Concert at Kaufman Music Center in Manhattan on Nov. 2, 2022. Wolfgang Lian/The Epoch Times

    All these years later, the community is still bonded. Friendships formed and lasted. The culture is one of deep questioning. Each meeting is replete with incredulity toward official pronouncement, a shared perception that elite opinion and elite institutions were simply wrong. And not just about COVID but about everything.

    It’s not a political group at all. Its central theme concerns the failure of conventional wisdom and all the ways in which legacy institutions preached error over several years. These days, as all polls have revealed, this view is widely held. Many of the most pressing trends of our time are about dislodging an old elite (in media, corporate life, government) and replacing them with people interested in new ways.

    I’ve noticed a common feature among many of the rising stars that are displacing the falling stars of the old elites. They are much more humble about what they know and what they do not know. They are happy to admit it. The days of “I am the science” and “We are your source of truth” seem to be ending. The guru scientist and soothsaying academic have fallen from their perches of influence.

    Replacing them is a new generation of thinkers who are happy to admit what they do not know. The other day, for example, Tucker Carlson said he often feels what is called imposter syndrome. This is the belief that every achievement is really just a lucky break, a sneaky feeling that we have temporarily pulled the wool over people’s eyes.

    It’s a humble admission, one we should all appreciate. It’s a common feeling among anyone commonly described as a genius. Even Elon Musk must feel this. Ironically, the person who believes that the moniker of genius is unjust is the person most likely to deserve it.

    The problem of constantly deciding whether we are great or terrible at what we do, toying with the belief that we are geniuses just before worrying that we will be exposed as frauds, is just part of life and a real sign of humility.

    A good example comes from an account of a man who competed as a pianist in the amateur Van Cliburn contest in the 1990s:

    “I haven’t felt this nervous before any recital and tell myself that I should be confident, having already made it through the previous rounds. But I can’t shake the fear that I’m a fraud who lucked into the finals while all the other finalists are pros, even if they’re called amateurs. An extra degree of scrutiny directed at me is attributable to the conspicuous nature of my profession [journalist], which is no consolation at the moment. Reverse psychology—I’m not a fraud, I’m a star—doesn’t help, either. Star, fraud—the only thing I conclude is that I should be focusing on the music.”

    That article appeared in 1999, and the passage above is the one that stood out to me. It signifies that search that all of us make to define a sense of precisely who we are based on our skill level and, in turn, what to expect from others in their treatment of us. Mostly, however, it works in the opposite direction. We extract information from what others around us say about us and infuse that sense into our self-perceptions.

    From little league baseball through one’s school years and all the way to professional life, the following happens to everyone. You do something amazing, and everyone sings your praises. But now you have a new problem: expectations are newly high for your performance. This is especially true if you have won or received a promotion or raise: Now you have to get out there and kill it every time, else you will be seen as undeserving.

    There’s an added problem to being perceived as a genius. Others will want to tear you down and revel in your fall. Envy is the most hidden, but most deeply dangerous of the deadly sins. Those who envy victims are almost always surprised because they were expecting their achievement to be followed by accolades and promotion, not resentment and nefarious plots. But the only way to avoid envy is intolerable: never be excellent.

    Elon faces this daily of course. But so do insurgent political candidates and newly popular media figures. The forces trying to tear them down are everywhere.

    In poor societies, this is the common and tragic response. It’s also a feature of declining societies in which ever more people have money, power, and influence who have done nothing to merit either. They owe their status to legacy and inertia, and cling to it against all winds of change.

    Today such entrenched elites exist in all sectors: the corporate world, government, academia, media, politics, nonprofits, and more. Everyone has encountered them. They are everywhere. There is a word to describe them: fakers.

    The number one fear of a faker is being found out, so every day is spent in scheming and plotting to prevent that. This is why fakers surround themselves with people who are willing to be complicit in the coverup of incompetence, i.e., “Yes men” whose main skill is nodding in agreement. For this reason, fakers breed other fakers and promote them to flood the zone of fakes in hopes of hiding for longer.

    They all develop what today is being called “testy” personalities which they deploy as tactics of intimidation, always with this habit of resenting anyone who questions their words and judgment. They are prickly because they have a grim truth to hide always: namely that they have not merited their status, title, power, or income, and possess a fraction of the abilities of the people over whom they rule.

    In the corporate world, they love calling staff meetings because fakers have learned the art of time-killing blather to cover up for their fundamental incompetence. They have nothing better to do so they call many and make them last as long as possible.

    Fakers loathe competence and punish it. They drip poison in people’s ears to stop the social and professional advancement of their betters. They drive out those with skill in an effort to avoid being shown up. In doing so, they are a source of quiet chaos all around them.

    There is really no cure for this problem. Once a professional is promoted beyond his or her competence—due to family connections, personal relationships, identity visuals, indulging and exploiting undeserved credit and praise, or whatever—there is no going back. The only possible solution, and it is ultimately a compassionate one, is full professional termination. This is because they cannot be dialed back lest they seethe with resentment and plot retribution.

    Of course that solution requires competent leadership in a position to make hard decisions, which is precisely what the fakers are working to prevent.

    In the credit-soaked, bloated, and credential-obsessed economic structures of the 21st century, fakers are everywhere. They demoralize competent employees, demotivate hard work and improvement, foment distrust within and without, and ultimately wreck and discredit whole institutions.

    The imposter syndrome, in contrast, is something felt by every truly competent person. To some extent, all reputations of geniuses are exaggerated. Despite the high reputations of the Wright Brothers, Alexander Graham Bell, and Eli Whitney, there is in fact an ongoing dispute about who was first in flight, who invented the telephone, and whether the cotton gin was actually improved much at all by Whitney’s machine.

    Historians of invention have yet to discover any innovations that were genuinely the product of a single mind. What we find again and again is the phenomenon of Multiple Discovery, with many people competing for the title of the first. It is for this reason that Nobel Prizes are increasingly given to teams of researchers. It seems more accurate to say that genius is in the air and perceived by many different people in different places, even if they have never had contact with each other.

    F.A. Hayek showed that the highest forms of intelligence do not live so much in individuals’ minds but in social processes and institutions that no single human mind can fully conceptualize. The result is an order that no man can accurately comprehend or describe, much less design. This is precisely the core of his defense of freedom in speech and action: we need this process to be adaptable to become ever smarter and more reflective of a multitude of intelligences that emerge from human action.

    Where does that leave us as individuals? All we can hope to do is precisely what the pianist quoted above says: “I should be focusing on the music.” That is to say, do the best we can on the task in which we are engaged. You will have moments of genius and moments of failure, sometimes home runs and sometimes strikeouts, good performances and bad. Knowing this is neither a complex nor a syndrome; it is the stuff of life.

    It is perfectly normal to worry that the plaudits one receives are not truly merited. The most successful musicians I’ve known are not the best; it’s just that they work harder to become successful. It’s the same with writers, scientists, engineers, or entrepreneurs. They are great because they focus on constant improvement.

    The “natural talents” among us rarely blossom because they don’t have to work at it. At the same time, seeming disabilities become abilities because they motivate us to overcome them.

    History will surely record that elite arrogance over the last four years has proven to be their undoing. In contrast, we might be watching the rise of a new generation of leaders in many fields who approach their craft with a different ethos: the humility to recognize one’s limits, a dedication to authenticity, and a passion for genuine excellence in the service of others. We can hope.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden
    Tue, 10/22/2024 – 20:55

  • IRS Unveils New Federal Income Tax Brackets For 2025
    IRS Unveils New Federal Income Tax Brackets For 2025

    The IRS on Oct. 22 unveiled the new federal income tax brackets for 2025.

    As The Epoch Times’ Zachary Stieber reports, each bracket was changed, including the top one.

    Single taxpayers making more than $636,350, or couples making more than $751,600, will be subject to a 37 percent tax rate.

    That’s up from $609,350, and $731,200, respectively.

    Here are the other new brackets, with the old income threshold in parentheses:

    • 35 percent tax for singles making more than $250,525 ($243,725) and married couples making more than $501,050 ($487,450)

    • 32 percent tax for singles making more than $197,300 ($191,950) and married couples making more than $394,600 ($383,900)

    • 24 percent tax for singles making more than $103,350 ($100,525) and married couples making more than $206,700 $201,050()

    • 22 percent tax for singles with incomes over $48,475 ($47,150) and married couples making more than $96,950 ($94,300)

    • 12 percent tax for singles with incomes over $11,925 ($11,600) and married couples making more than $23,850 ($23,200)

    • 10 percent tax for singles with incomes of $11,925 or less ($11,600 or less) and married couples making $23,850 or less ($23,200 or less)

    The IRS also said it is increasing the standard deduction for individuals by $400 to $15,000, and for married couples by $800 to $30,000.

    Tyler Durden
    Tue, 10/22/2024 – 20:30

  • Prostate Cancer: Over-Testing And Over-Treatment
    Prostate Cancer: Over-Testing And Over-Treatment

    Authored by Bruce Davidson via The Brownstone Institute,

    The excessive medical response to the Covid pandemic made one thing abundantly clear: Medical consumers really ought to do their own research into the health issues that impact them. Furthermore, it is no longer enough simply to seek out a “second opinion” or even a “third opinion” from doctors. They may well all be misinformed or biased. Furthermore, this problem appears to predate the Covid phenomenon.

    A striking example of that can be found in the recent history of prostate cancer testing and treatment, which, for personal reasons, has become a subject of interest to me. In many ways, it strongly resembles the Covid calamity, where misuse of the PCR test resulted in harming the supposedly Covid-infected with destructive treatments.

    Two excellent books on the subject illuminate the issues involved in prostate cancer. One is Invasion of the Prostate Snatchers by Dr. Mark Scholz and Ralph Blum. Dr. Scholtz is executive director of the Prostate Cancer Research Institute in California. The other is The Great Prostate Hoax by Richard Ablin and Ronald Piana. Richard Ablin is a pathologist who invented the PSA test but has become a vociferous critic of its widespread use as a diagnostic tool for prostate cancer.

    Mandatory yearly PSA testing at many institutions opened up a gold mine for urologists, who were able to perform lucrative biopsies and prostatectomies on patients who had PSA test numbers above a certain level. However, Ablin has insisted that “routine PSA screening does far more harm to men than good.” Moreover, he maintains that the medical people involved in prostate screening and treatment represent “a self-perpetuating industry that has maimed millions of American men.”

    Even during approval hearings for the PSA test, the FDA was well aware of the problems and dangers. For one thing, the test has a 78% false positive rate. An elevated PSA level can be caused by various factors besides cancer, so it is not really a test for prostate cancer. Moreover, a PSA test score can spur frightened men into getting unnecessary biopsies and harmful surgical procedures.

    One person who understood the potential dangers of the test well was the chairman of the FDA’s committee, Dr. Harold Markovitz, who decided whether to approve it. He declared, “I’m afraid of this test. If it is approved, it comes out with the imprimatur of the committee…as pointed out, you can’t wash your hands of guilt. . .all this does is threaten a whole lot of men with prostate biopsy…it’s dangerous.”

    In the end, the committee did not give unqualified approval to the PSA test but only approved it “with conditions.”

    However, subsequently, the conditions were ignored.

    Nevertheless, the PSA test became celebrated as the route to salvation from prostate cancer. The Postal Service even circulated a stamp promoting yearly PSA tests in 1999. Quite a few people became wealthy and well-known at the Hybritech company, thanks to the Tandem-R PSA test, their most lucrative product.

    In those days, the corrupting influence of the pharmaceutical companies on the medical device and drug approval process was already apparent. In an editorial for the Journal of the American Medical Association (quoted in Albin and Piana’s book), Dr. Marcia Angell wrote, “The pharmaceutical industry has gained unprecedented control over the evaluation of its products…there’s mounting evidence that they skew the research they sponsor to make their drugs look better and safer.” She also authored the book The Truth About the Drug Companies: How They Deceive Us and What to Do About It.

    A cancer diagnosis often causes great anxiety, but in actuality, prostate cancer develops very slowly compared to other cancers and does not often pose an imminent threat to life. A chart featured in Scholz and Blum’s book compares the average length of life of people whose cancer returns after surgery. In the case of colon cancer, they live on average two more years, but prostate cancer patients live another 18.5 years.

    In the overwhelming majority of cases, prostate cancer patients do not die from it but rather from something else, whether they are treated for it or not. In a 2023 article about this issue titled “To Treat or Not to Treat,” the author reports the results of a 15-year study of prostate cancer patients in the New England Journal of Medicine. Only 3% of the men in the study died of prostate cancer, and getting radiation or surgery for it did not seem to offer much statistical benefit over “active surveillance.”

    Dr. Scholz confirms this, writing that “studies indicate that these treatments [radiation and surgery] reduce mortality in men with Low and Intermediate-Risk disease by only 1% to 2% and by less than 10% in men with High-Risk disease.”

    Nowadays prostate surgery is a dangerous treatment choice, but it is still widely recommended by doctors, especially in Japan. Sadly, it also seems to be unnecessary. One study cited in Ablin and Piana’s book concluded that “PSA mass screening resulted in a huge increase in the number of radical prostatectomies. There is little evidence for improved survival outcomes in the recent years…”

    However, a number of urologists urge their patients not to wait to get prostate surgery, threatening them with imminent death if they do not. Ralph Blum, a prostate cancer patient, was told by one urologist, “Without surgery you’ll be dead in two years.” Many will recall that similar death threats were also a common feature of Covid mRNA-injection promotion.

    Weighing against prostate surgery are various risks, including death and long-term impairment, since it is a very difficult procedure, even with newer robotic technology. According to Dr. Scholz, about 1 in 600 prostate surgeries result in the death of the patient. Much higher percentages suffer from incontinence (15% to 20%) and impotence after surgery. The psychological impact of these side effects is not a minor problem for many men.

    In light of the significant risks and little proven benefit of treatment, Dr. Scholz censures “the urology world’s persistent overtreatment mindset.” Clearly, excessive PSA screening led to inflicting unnecessary suffering on many men. More recently, the Covid phenomenon has been an even more dramatic case of medical overkill.

    Ablin and Piana’s book makes an observation that also sheds a harsh light on the Covid medical response: “Isn’t cutting edge innovation that brings new medical technology to the market a good thing for health-care consumers? The answer is yes, but only if new technologies entering the market have proven benefit over the ones they replace.”

    That last point especially applies to Japan right now, where people are being urged to receive the next-generation mRNA innovation–the self-amplifying mRNA Covid vaccine. Thankfully, a number seem to be resisting this time.

    Tyler Durden
    Tue, 10/22/2024 – 20:05

  • US Insider Selling Soars To 3 Year High As China Buybacks Surge To Record
    US Insider Selling Soars To 3 Year High As China Buybacks Surge To Record

    China may have failed once again to stabilize its moribund housing market and flagging economy, with its latest superficial attempt to stimulate consumer demand by releasing another modest trickle of overdue but insufficient monetary and fiscal stimulus measures, but it is certainly not giving up on hopes to prop up the market at almost any cost.

    Following relentless prodding from the central government, share buybacks on mainland China’s biggest exchanges have soared to a record high this year as Beijing pushes for companies to return cash to shareholders as part of its efforts to revive a flagging stock market.

    According to the FT, there have been Rmb235bn ($33bn) in buybacks across mainland-listed shares so far in 2024, more than double last year’s total and far surpassing the previous record of Rmb133bn in 2022, according to financial data provider Wind.

    The scramble to repurchase shares comes as China’s government unleashes its biggest round of economic stimulus since the Covid-19 pandemic, which however has again been seen as insufficient by the market. Beijing is keen to boost investor sentiment, underscoring growing urgency to restore confidence in an economy hit hard by a property sector crisis and weak consumer demand. The government is stepping up efforts to hit its year-end GDP growth target of 5%.

    While the benchmark CSI 300 index had risen as much as 20% over the past month amid Beijing’s bid to breathe new life into its equity market after years of dismal performance, it has since given up much of the gains as expectations of even more stimulus measures did not materialize.

    Goldman’s China strategist Kinger Lau argued that buybacks made “economic sense” for companies with cash to spare given how far Chinese share prices had fallen, and added that such a move could also bolster the government’s coffers when it held big stakes in companies.

    The surge in buybacks began even before the Chinese authorities announced Rmb300bn in central bank loans to fund share repurchases last week; that news however will surely supercharge the buybacks even more.

    More than 20 Chinese companies, including state oil group Sinopec, have announced share buyback plans exceeding Rmb10bn since the announcement of the central bank scheme on Friday, according to a Financial Times calculation based on exchange filings.

    Jason Bedford, a China banking analyst formerly at UBS and asset manager Bridgewater, said Beijing was seeking an equity rally by encouraging buybacks. “Clearly, the government has been pushing this throughout the year,” he said.

    Kin Chan, chief investment officer at Argyle Street Management in Hong Kong, said that China was following “a Japanese approach, which is telling companies to do share buybacks”.

    “As a stock market player, this is wonderful, but does this solve the economic problem? I have no idea,” he said.

    Meanwhile, as China is coming up with feat of financial engineering to prop up its flagging stocks in hopes of creating a virtuous wealth effect cycle, in the US insiders are doing just the opposite.

    At a time when stocks have had no shortage of buyers, as even formerly bearish hedge funds capitulate and unleash the biggest buying spree of stocks since 2021, joining retail investors and record US buybacks, all helping propel US stocks to a sixth straight up week, US company insiders are dumping in near record amounts.

    As Bloomberg notes, while business leaders were busy last week offering reassuring earnings guidance, underneath the rosy outlook was a different trend: They were selling stock… which has traditionally been a major red flag as these are the people who best know the inner workings of the companies they run.

    As shown below, a gauge of insider sentiment, one that tallies the number of sellers versus buyers, is poised to hit the highest monthly reading in more than three years, data compiled by the Washington Service show.

    The figures chime with various high-profile sales that have made headlines recently, including Warren Buffett’s unloading of Apple and Bank of America stock, as well as sales by Nvidia insiders, including CEO Jensen Huang.

    Granted, some of the exits no doubt have nothing to do with the business outlook, driven instead by the need for cash to buy a house or pay for kids’ tuition. And the stock rally has been mostly invulnerable for months amid Federal Reserve interest rate cuts and generally good tidings on the economy and earnings.

    Still, the last time the insider indicator shot up, in July, it was a precursor to market pain, with the S&P 500 subsequently falling 8%.

    Tyler Durden
    Tue, 10/22/2024 – 19:40

  • Michigan Voter Rolls Claim 8.4M Voters, When There Are Less Than 8M Eligible Residents
    Michigan Voter Rolls Claim 8.4M Voters, When There Are Less Than 8M Eligible Residents

    Authored by Eric Lendrum via American Greatness,

    The voter rolls in Michigan claim that there are 8.4 million people registered to vote in the crucial swing state, even though the state’s total population is almost half a million less than that.

    According to the Daily Wire, the state of Michigan had previously been sued by the Republican National Committee (RNC) over the extremely inflated voter rolls, and other concerns regarding election integrity.

    But Secretary of State Jocelyn Benson (D-Mich.) dismissed such concerns in a statement on Wednesday, claiming with no evidence that these lawsuits “lay the groundwork to overturn the results of the election if they don’t like them.”

    “The RNC and its members are concerned that Defendants’ failure to comply with the NVRA’s voter-list maintenance obligations undermines the integrity of elections by increasing the opportunity for ineligible voters or voters intent on fraud to cast ballots,” the RNC’s lawsuit states.

    A spokeswoman for Benson’s office, Angela Benander, even admitted that there are at least 606,800 inactive voters currently on the rolls, but they will not be purged until 2027. Voters who become ineligible include those who have moved to another state, those who have mail returned from their address as “undeliverable,” and voters who do not vote in two or more consecutive federal elections.

    “The RNC relies on registration lists to estimate voter turnout, which informs the number of staff the RNC needs in a given jurisdiction, the number of volunteers needed to contact voters, and how much the RNC will spend on paid voter contacts,” the RNC’s lawsuit continued.

    “If voter registration lists include names of voters who should no longer be on the list, the RNC may spend more resources on mailers, knocking on doors, and otherwise trying to contact voters, or it may misallocate its scarce resources among different jurisdictions.”

    In total, 78 of Michigan’s 83 counties appear to have more registered voters than residents of voting age.

    The largest county in the state, Wayne County – where the city of Detroit is located – has only 1.3 million residents of voting age, but 1.4 million registered voters, according to data from the U.S. Census.

    Another example is Genessee County, with 351,000 registered voters but less than 300,000 residents.

    Tyler Durden
    Tue, 10/22/2024 – 19:15

  • Polaris Warns "Challenging Retail Demand" For ATVs & Jetskis
    Polaris Warns “Challenging Retail Demand” For ATVs & Jetskis

    Polaris shares fell in premarket trading after the company, known for selling ATVs, UTVs, jet skis, and snowmobiles, posted disappointing third-quarter earnings. The company also cut its full-year earnings per share and sales forecast, citing sagging demand for outdoor vehicles due to elevated interest rates. 

    As consumer confidence and retail demand remain challenging, we have maintained our focus on managing dealer inventory and delivering better operational efficiency,” Polaris CEO Mike Speetzen wrote in a press release

    Polaris reported sales of $1.72 billion, down 23% YoY, missing the Bloomberg estimate of $1.77 billion. Sales were down modestly in off-road vehicles, motorcycles, and pontoons. 

    Here’s a snapshot of third-quarter earnings (courtesy of Bloomberg):  

    • Sales $1.72 billion, -23% y/y, estimate $1.77 billion (Bloomberg Consensus)

    • Off Road sales $1.40 billion, -24% y/y, estimate $1.41 billion

    • On Road sales $236.5 million, -13% y/y, estimate $241.6 million

    • Marine sales $85.9 million, -36% y/y, estimate $133.7 million

    • Gross profit margin 20.6% vs. 22.6% y/y, estimate 21%

    • Cash and cash equivalents $291.3 million, -1.4% y/y, estimate $337.8 millio

    • Adjusted EPS from continuing operations 73c, estimate 89c

    Visualizing Polaris’ quarterly revenues… The cheap money era of Covid, plus folks moving out of cities to resort towns and or just rural America, sparked a massive demand for outdoor vehicles. As the Federal Reserve tightened monetary policy, which sent interest rates to the moon, affordability for these outdoor grown-up toys worsened, thus curbing demand.

    As a result of a challenging market, one in which high interest rates have curbed consumer spending on jetskis, RZRs, and snowmobiles, Polaris had to lower its full-year earnings per share and sales guidance:

    • Sees adjusted EPS -65%, saw -56% to -62%

    • Sees sales -20%, saw -17% to -20%

    Polaris explained more about its reasoning behind lowering its 2024 business outlook:

    The company updated its 2024 sales outlook to be down approximately 20 percent relative to 2023 versus its previous outlook of down 17 to 20 percent relative to 2023. The company now expects adjusted diluted EPS attributed to Polaris Inc. common shareholders to be down approximately 65 percent relative to 2023 versus the prior outlook of down 56 to 62 percent.

    In markets, Polaris shares in New York are down 7%. On the year, shares are down 15% (as of Monday’s close). Shares are hovering at levels last seen since right before the Covid crash. 

    Also, watch MasterCraft Boat, MarineMax, Camping World, Brunswick, and Malibu Boats. 

    Polaris is a proxy of consumer health. Certainly, high interest rates and elevated inflation have crimped demand for ATVs, UTVs, and jet skis. The broad theme here is that a consumer slowdown continues to worsen. 

    Tyler Durden
    Tue, 10/22/2024 – 18:50

  • 'Central Park Five' Sue Trump Over Debate Remarks
    ‘Central Park Five’ Sue Trump Over Debate Remarks

    Authored by Zachary Stieber via The Epoch Times,

    Five men cleared of rape charges sued former President Donald Trump on Oct. 21, arguing he defamed them with comments he made at a recent presidential debate.

    Trump said during the September debate with Vice President Kamala Harris that the so-called Central Park Five “pled guilty” and that they “badly hurt a person” and “killed a person, ultimately.”

    The new suit, filed in federal court in Pennsylvania, states that those remarks are defamatory because the five men were never accused of nor convicted of killing anyone.

    The plaintiffs say Trump made the comments negligently, either with the knowledge that they were false or with reckless disregard as to their falsity.

    “Defendant Trump’s conduct at the September 10 debate was extreme and outrageous, and it was intended to cause severe emotional distress to Plaintiffs,” the suit states.

    Juries in 1990 convicted Yusef Salaam, Raymond Santana, Kevin Richardson, Antron Brown, and Korey Wise of rape and other charges. They had pleaded not guilty, after they admitted to participating in a night of criminal activity, including assault and robbery, in Central Park on April 19, 1989.

    Some of the then-teenagers said they had assaulted or sexually touched a jogger Trisha Meili and implicated others in raping her.

    The five, two weeks after their confessions, had recanted their statements, saying that they were allegedly coerced by police into giving false confessions in the case.

    Matias Reyes, a convicted rapist, a decade later confessed to raping Meili on the evening of April 19.

    Investigators confirmed the details offered by Reyes.

    Prosecutors told a state court the convictions against the five males should be vacated, because their confessions linking the five to related crimes were obtained under duress after hours of questioning and without the presence of their guardians or legal counsel.

    A judge in 2002 vacated the five men’s convictions based on the newly discovered evidence.

    A New York Police Department report later concluded that while DNA and other evidence supported Reyes’s story, there was “nothing but his uncorroborated word that he did so alone.” It said that the men “more likely than not” took part in Reyes’s assault of Meili.

    “The new DNA evidence … does not assist in determining whether the defendants were present during the attack on the jogger,” it said.

    Trump, who paid for an advertisement in 1989 calling for the five to be put to death, was responding during the debate after Harris highlighted his involvement with the case.

    “This is the same individual who took out a full-page ad in The New York Times calling for the execution of five young Black and Latino boys who were innocent, the Central Park Five,” she said.

    Trump then offered his response and said that Harris “has to stretch back years, 40, 50 years ago because there’s nothing now.”

    In 2019, when asked if he would apologize to the five men, Trump told reporters that “They admitted their guilt.”

    Steven Cheung, a spokesman for Trump’s campaign, told news outlets that the filing “is just another frivolous election interference lawsuit filed by desperate left-wing activists in an attempt to distract the American people from Kamala Harris’s dangerously liberal agenda and failing campaign.”

    Tyler Durden
    Tue, 10/22/2024 – 18:25

  • McWeaponized: CDC Unveils E.coli Outbreak In Quarter-Pounders, Day After Trump Photo-Op
    McWeaponized: CDC Unveils E.coli Outbreak In Quarter-Pounders, Day After Trump Photo-Op

    There’s no such thing as coincidence in Washington…

    A day after former President Trump ventured into a McDonalds during a campaign stop, cooked some fries, and handed out some food to more-than-happy customers in a photo-op that went very viral (in a good way), the CDC issued a statement announcing an E. coli outbreak linked to McDonald’s Quarter Pounders has left one person dead and caused 10 hospitalizations.

    There are 49 cases across 10 states, with most illneses in Colorado and Nebraska (not where president Trump was)…

    https://platform.twitter.com/widgets.js

    This is a fast-moving outbreak investigation. Most sick people are reporting eating Quarter Pounder hamburgers from McDonald’s and investigators are working quickly to confirm which food ingredient is contaminated,” the CDC’s alert said.

    “McDonald’s has pulled ingredients for these burgers, and they won’t be available for sale in some states,” the CDC said.

    “McDonald’s reported to CDC that it has stopped using fresh slivered onions and quarter pound beef patties in several states,” the CDC said.

    The announcement of the outbreak sent MCD shares down 10% in the after-market (before bouncing back a little)…

    The timing of the sudden share-price-crushing contagion comes after McDonald’s corporate office dared to actually accept and welcome ‘hitler, stalin, and mussolini’ into their fast-food joint.

    In an email to employees that was seen by The Epoch Times, the company said that its “brand has been a fixture of conversation this election cycle” and that “we’ve not sought this” but is a “testament to how much McDonald’s resonates with so many Americans.”

    “McDonald’s does not endorse candidates for elected office and that remains true in this race for the next President,” McDonald’s said in the statement, dated Oct. 21. “We are not red or blue—we are golden.”

    The company said that Trump’s visit to a Pennsylvania McDonald’s location was handled locally by a franchise operator.

    “Upon learning of the former President’s request, we approached it through the lens of one of our core values: we open our doors to everyone,” the company said.

    And, in case you thought we over-reached here, this is how the New York Times decide to cover this Trump photo-op…

    Yes, that is right – they allegedly asked MCD employees if Trump did a good job!?

    When it was time to bag the order, he asked a woman at the drive-through what they did when a customer wanted more salt.

    “I love salt,” he said, as he shook some onto golden potatoes.

    Then, after spilling some, he paused to throw some over his shoulder in a nod to superstition, a seconds-long gesture that would have most likely been unappreciated by efficiency-loving managers had Mr. Trump been any other employee.

    And remember, Kamala worked there too… according to a friend…

    Finally, nothing would shock us more than if Jack Smith stepped in to probe Trump’s cleanliness…

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    McWeaponized!!

    Tyler Durden
    Tue, 10/22/2024 – 18:00

  • Mexico Escalates Its War On Obesity By Declaring National Ban On Junk Food Sales In Schools
    Mexico Escalates Its War On Obesity By Declaring National Ban On Junk Food Sales In Schools

    Authored by Nick Corbishley via Naked Capitalism,

    Mexico is the leading consumer of soft drinks in the world with an average consumption of 163 litres per person per year – 40% more than the US in second place. Child and adult obesity are off the charts. 

    Yesterday (Oct. 21), while Donald Trump was causing a stir by donning a McDonald’s uniform for the cameras and frying some fries, Mexico’s new Secretary of Public Education, Mario Delgado, announced the launch of a new nationwide program that is unlikely to be replicated north of the border any time soon. The goal of the program, titled “Vida Saludable” (Healthy Life), is to improve the nutrition and overall health of Mexican school children amid an epidemic of child obesity and diabetes.

    The program, enacted by the now-former AMLO administration on September 29, has four main pillars: prevent the sale of ultra-processed food and sugary drinks in school settings; promote the consumption of natural drinking water through the provision of water fountains; train educators in healthy nutrition; and promote sports and physical activity. The Claudia Sheinbaum government, still in its maiden month in office, has said it will also train the heads of school cooperatives to sell fruits, vegetables and seasonal foods.

    A Six-Month Deadline

    “Vida Saludable” will become mandatory for all state schools at all levels of the national education system on March 29. Schools will have just six months to end all sales of foods and drinks that have at least one health warning label from their snack stands, or their administrators could face steep fines.

    Of course, many children bring food from home, but the government says it has no intention of sanctioning parents who put junk food in their children’s lunchboxes. Instead, it will focus on explaining the harmful effects of these foods and the importance of eating a balanced diet.

    Implementing “Vida Saludable” is likely to be difficult, however. At most of Mexico’s 255,000 public schools, free drinking water is not available to students. Since 2020, only 4% of them have managed to install drinking fountains. There are also doubts about how the government will enforce the ban on the pavements outside schools, where vendors set up stalls of goods to sell to kids at breaktime. This being Mexico, one can expect a lively black market in comida chattara to spring up in many schools. Enterprising students will no doubt get rich.

    Nonetheless, drastic steps are necessary to combat Mexico’s soaring levels of child obesity and diabetes. An estimated 5.7 Mexican million children between the ages of 5 and 11 and 10.4 million adolescents between the ages of 12 and 19 are overweight or obese. In addition, an estimated 7 out of 10 schoolchildren and 5 out of 10 adolescents are physically inactive, which further aggravates the country’s public health crisis.

    Mexico’s secretary of education blames these trends on the “high consumption of sugars”, the lack of physical activity and the food policies of previous governments, driven primarily by the profit-maximising needs of the food industry:

    “In the neoliberal era they were not concerned about this situation — on the contrary, the sale of these products was promoted and there were even campaigns against hunger promoted by the companies that produce these junk foods. The neoliberal model turned rights such as education, health and food into merchandise.”

    The Role of NAFTA

    In Mexico, obesity reached epidemic proportions after it joined NAFTA with the United States and Canada in the early 1990s, making processed food more easily available. As the New York Times reported in a 2017 investigation, the commercial opening of North America turbocharged the growth of convenience stores and US-owned fast food restaurants on Mexican soil. In addition, trade liberalisation allowed “cheap corn, meat, high-fructose corn syrup, and processed foods” from the United States to flood into Mexico.

    Diets quickly changed as many people, particularly those on lower incomes, replaced largely healthy traditional staples (corn tortilla, frijoles, Jamaica Water…) with highly processed alternatives (hotdogs, nuggets, sodas…). Granted, prior to NAFTA Mexico was already home to a burgeoning junk food industry, but what came after was on a whole different scale.

    Mexico is now the leading consumer of soft drinks in the world with an average consumption of 163 litres per person per year — 40% more than the US in second place, with 118 litres, according to a 2022 study from the University of Yale. Incredibly, there is one state in the country that consumes Coca Cola in per-capita volumes five times higher than the national average and 32 times higher than the global average: Chiapas, Mexico’s poorest state.

    “It is the epicentre of the epidemic of soft drink consumption,” Dr. Marcos Arana, a researcher at the Salvador Zubirán National Institute of Medical Sciences and Nutrition, told BBC Mundo:

    Soft drinks are already an essential part of daily life in this state, especially in the Los Altos region of Chiapas, where the majority of its population is indigenous and rural…

    “The availability and advertising of something so cheap is so great and omnipresent in Chiapas in the face of vulnerable populations that they have created an addiction that is seen as a necessity,” Arana says.

    “Residents told me that before the road to Tenejapa arrived, there was no diabetes or cardiovascular problems there. That all began when the road arrived in town and the soft drinks, the chips…”, says Jaime Page Pliego, anthropologist and co-author of the study.

    Local organizations such as the Centre for Training in Ecology and Health for Peasants (CCESC), which Arana directs, point to the “aggressive” commercial practices of soft drink companies and the easy accessibility of their products in the area as the main drivers of this excessive consumption.

    “Coca-Cola is the most available product in Los Altos, you have to walk the farther to buy tortillas or anything else. The number of points of sale is excessive, without any control, and with prices reduced by up to 30%,” says Arana.

    As sugar consumption in Mexico has soared, waistlines have exploded. In the past 20 years the number of obese and overweight people has tripled, with a staggering 75% of the population and 35% of the child population now overweight. In addition to obesity, the change in diet has contributed to diabetes becoming the second leading cause of death, after heart disease and ahead of cancer. In 2016, a state of epidemiological emergency was declared in the country due to the high rates of obesity and diabetes.

    Food Labelling, Bans on Cartoon Food Packaging…

    “Vida Saludable” is not the first step Mexico’s government has taken to try to improve Mexicans’ food habits. In October 2020, at the height of the COVID-19 pandemic, the AMLO government passed one of the strictest food labelling laws on the planet. From that date, all soft drinks cans and bottles, bags of chips and other processed food packages must bear black octagonal labels warning of “EXCESS SUGAR”, “EXCESS CALORIES”, “EXCESS SODIUM”  or “EXCESS TRANS FATS” — all in big bold letters that are impossible to miss.

    Today, more than half of Mexican food and beverage products have a nutritional warning label — more than any other country in Latin America. The government also banned cartoon food packaging aimed at children.

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    Big Food lobbies tried to block both of these measures, of course — just as they will no doubt try to block “Vida Saludable”. The Interamerican Association for the Protection of Intellectual Property and the Mexican Association for the Protection of Intellectual Property complained that food labelling was unconstitutional and violated the provisions that Mexico had signed at the international level such as the North American Free Trade Agreement — a tactic that has apparently been used in other jurisdictions where food labelling laws have been passed.

    For almost four years the lawsuits dragged on. Of the more than 100 injunctions filed by companies like Coca-Cola Femsa, PepsiCo, Group Bimbo, Hershey’s, Santa Clara, Herdez, Alimentos del Fuerte, Nutrisa and McCormick, three reached the second chamber of the Supreme Court of Justice of the Nation (SCJN), which, to its credit, ruled – by unanimous vote – that front-of-pack labelling for food and non-alcoholic beverages is a valid measure that protects people’s health and consumers’ right to information.

    The first country in Latin America to really begin tackling the public’s addiction to junk food, sugary drinks and ultra processed foods was Chile. In 2016, it passed a strict food labelling law. Like Mexico, it has also also limited cartoon food packaging, prevented schools from selling unhealthy foods, restricted TV adverts, and banned promotional toys. Over the next two years, sugary drink sales in Chile fell by 23%. According to one study, the labels reduced the likelihood of people choosing sugary breakfast cereals by 11% and sugary juices by almost 24%.

    As I wrote in 2020 for WOLF STREET, it was one of the worst possible nightmares for the junk food industry. The fact that Chile, with its population of around 20 million people, was doing it was bad enough. The prospect of something similar transpiring in Mexico, a country with a population almost seven times larger than Chile and that consumes more processed food than any other country in Latin America and more soda on a per-capita basis than any country on the planet, unnerved global food and beverage companies:

    The United States, EU, Canada and Switzerland, home to some of the world’s biggest food companies, tried to pause or derail the new legislation. But to no avail. The arrival of Covid-19, which has proven to be particularly lethal to people with three comorbidities — obesity, diabetes, and hypertension — has strengthened the government’s case and resolve.

    The [government’s labelling laws] have raised concerns that [it] is overstepping its bounds. The business lobby group Coparmex said that banning the sale of junk food and sugary drinks to minors represents a frontal attack on commercial freedom and freedom of choice. It will also have serious economic consequences for businesses in the retail sector. But those consequences are dwarfed by the economic and health impact of widespread obesity.

    Since 2020, many other countries in Latin America have introduced strict front-of-package food labelling laws, including Brazil, Argentina, Peru and Colombia. According to the Mexican online news website Sin Embargo, the labelling legislation in Mexico has had two main visible effects: the first is the reformulation of products by companies such as Bimbo, Nestlé and Kellogg’s, in an attempt to lower the concentration of ingredients that have excess sugar, fat or sodium. The second is the testimonials of consumers who claim to have reduced their consumption of products that bear health warnings on their packaging.

    A study published in June in the International Journal of Behavioral Nutrition and Physical Activity suggests that the policy appears to be bearing fruit (pun intended). The study’s authors asked people aged 14 or over to self-report any perceived changes in their shopping habits a year after the food labelling law came into effect. More than a third of young people and almost half of adults said the labelling system had led them to reduce their purchase of various unhealthy foods. In addition, adults who reported higher water intake and lower consumption of sugary drinks said the main reason for this decision was food labelling.

    Is it any surprise that the junk food industry spent years furiously lobbying in Mexico’s Congress to block the introduction of strict and clear front-of-package food labels, and once they were finally introduced spent another four years trying to get them overturned? The lobbies will no doubt try to do the same with Mexico’s “Vida Saludable” program, just as the US’ corn and GMO lobbies are using ISDS to try to prevent Mexico from banning the use of GMO corn for direct human consumption. It is no easy task for a country to mend its eating ways these days, especially if its direct neighbour is the US of A.

    Tyler Durden
    Tue, 10/22/2024 – 17:40

  • WTI Holds Gains After API Reports Crude Build, Product Draws
    WTI Holds Gains After API Reports Crude Build, Product Draws

    Oil prices rallied for a second straight day, erasing some of last week’s ugly losses, with prices supported by some upbeat prospects for Chinese demand and ongoing concerns that the Middle Eastern conflict will threaten crude flows from the region.

    “We’re seeing a constant push-pull between expectations of a cease-fire — which would unwind the geopolitical risk premium — and concerns over potential escalation,” said Rebecca Babin, senior energy trader at CIBC Private Wealth Group.

    “This environment remains highly volatile, with traders operating under low risk thresholds, contributing to significant price swings.”

    While hurricane-related effects are likely still impacting the overall data, traders are looking for any signs of real demand picking up…

    API

    • Crude +1.64mm (+800k exp)

    • Cushing -216k

    • Gasoline -2.02mm (-1.3mm exp)

    • Distillates -1.48mm (-1.6mm exp)

    While crude stocks rose (more than expected), products saw sizable drawdowns and the Cushing hub saw a return to drawdowns…

    Source: Bloomberg

    WTI was trading around $71.50 ahead of the API print and limped lower after…

    Crude has been buffeted this month – with Brent fluctuating in a range of more than $11 – as the war in the Middle East raises the potential for disruptions to supplies.

    “Assuming no supply disruptions in the Middle East, the oil balance looks increasingly comfortable through 2025,” ING analysts Ewa Manthey and Warren Patterson wrote in a note.

    “With the market returning to a sizable surplus, we should at least see the front end of the curve moving into contango,” they said, referring to the market structure which indicates oversupply.

    At the same time, top importer China has moved to support growth with stimulus, but investors remain wary that the global oil market may swing to a surplus in the coming quarters.

    Tyler Durden
    Tue, 10/22/2024 – 17:20

  • Record High Gold Price Signals "Fragmenting Global System"; El-Erian Warns
    Record High Gold Price Signals “Fragmenting Global System”; El-Erian Warns

    Authored by Mohammed El-Erian

    Something strange has happened to the price of gold over the past year.

    In setting one record level after the other, it seems to have decoupled from its traditional historical influencers, such as interest rates, inflation and the dollar. Moreover, the consistency of its rise stands in contrast to fluctuations in pivotal geopolitical situations.

    Gold’s “all-weather” characteristic signals something that goes beyond economics, politics and higher-frequency geopolitical developments. It captures an increasingly persistent behavioural trend among China and “middle power” countries, as well as others. And it is a trend that the west should be paying greater attention to.

    Over the past 12 months, the price of an ounce of gold on international markets has increased from $1,947 to $2,715, a gain of almost 40 per cent.

    Interestingly, this march up in price has been relatively linear, with any pullback attracting more buyers.

    It has occurred despite some wild swings in expected policy rates, a wide fluctuation band for benchmark US yields, falling inflation and currency volatility.

    Some may be tempted to dismiss gold’s performance as part of a more general increase in asset prices that, for example, has seen the US S&P index gain about 35 per cent in the past 12 months.

    Yet that correlation itself is unusual. Others will attribute it to the risk of military conflicts that have seen so many innocent civilians lose their lives and livelihoods, together with massive destruction of infrastructure. Yet the price journey suggests that there may well be a lot more going on.

    Consistent foreign central bank purchases have been an important driver of gold’s strength. Such buying seems not just related to the desire of many to gradually diversify their reserve holdings away from significant dollar dominance despite America’s “economic exceptionalism”. There is also interest in exploring possible alternatives to the dollar-based payments system that has been at the core of the international architecture for some 80 years.

    Ask why this is happening and you will normally get an answer that mentions a general loss in confidence in America’s management of the global order and two specific developments.

    You will hear about America’s weaponisation of trade tariffs and investment sanctions, together with its reduced interest in the rule-based, co-operative multilateral system that it played a pivotal role in designing 80 years ago.

    You will also hear about Russia’s ability to continue to trade and grow its economy despite some of the country’s banks being ejected in 2022 from Swift, the international system that governs the vast majority of cross-border payments. It has done this by creating a clunky trade and payments alternative system that involves a handful of other countries. While inefficient and costly, this allowed Russia to bypass the dollar and maintain a core set of international economic and financial relations.

    Then there is the aspect related to the conflict in the Middle East where the US is viewed by many as an inconsistent backer of both fundamental human rights and the application of international law.

    This perception has been amplified by how the US has shielded its main ally from a response to actions widely condemned in the international community.

    What is at stake here is not just the erosion of the dollar’s dominant role but also a gradual change in the operation of the global system.

    No other currency or payment system is able and willing to displace the dollar at the core of the system and there is a practical limit to reserve diversification. But an increasing number of little pipes are being built to go around this core; and a growing number of countries are interested and increasingly involved.

    What has been happening to the gold price is not just unusual in terms of traditional economic and financial influences.

    It also goes beyond strict geopolitical influences to capture a broader phenomenon which is building secular momentum.

    As it develops deeper roots, this risks materially fragmenting the global system and eroding the international influence of the dollar and the US financial system. That would have an impact on the US’s ability to inform and influence outcomes, and undermine its national security.

    It is a phenomenon that western governments should pay more attention to. And it is one where there is still time to course-correct, though not as much as some would hope.

    Tyler Durden
    Tue, 10/22/2024 – 17:00

  • Xi, Putin Hail Ties As Advancing 'Fair World Order' Amid 'Chaos' Sown By Western Hegemony
    Xi, Putin Hail Ties As Advancing ‘Fair World Order’ Amid ‘Chaos’ Sown By Western Hegemony

    Russian President Vladimir Putin and Chinese leader Xi Jinping have discussed the Ukraine war and other global issues at a meeting on the sidelines of the 16th annual BRICS Summit being held in the Russian city of Kaza, Kremlin spokesman Dmitry Peskov has confirmed. Peskov hailed the bilateral meeting as “very open” and “constructive”.

    Tuesday marked the third time Putin and Xi have met face-to-face this year. But this is perhaps the most symbolic, as the BRICS forum is the biggest which presents an alternative to a Western-led world order. This was precisely a theme of Putin’s opening remarks in the Xi meeting: “Russian-Chinese cooperation in global affairs is one of the main stabilizing factors on the world stage,” he said.

    He then presented that close Moscow-Beijing ties represents the ideal of “a fair world order”which has been a theme of Beijing’s as well of late when commenting on the imbalance of ‘Western hegemony’.

    “We intend to further increase coordination at all multilateral platforms in order to ensure global security and a fair world order,” Putin said.

    Xi introduced his own statements to Putin by describing that “in the context of a tectonic transformation unprecedented in centuries, the international situation is undergoing serious changes and upheavals.” He hailed positive Russia ties in a “chaotic” world.

    “But this cannot shake my conviction… in the inviolability of the deep centuries-old friendship between our countries and the inviolability of the sense of duty of China and Russia as great powers,” Xi added, based on the Kremlin transcript.

    The Chinese president said the two “explored a correct way for neighboring major powers to coexist without forming alliances, engaging in confrontation or targeting third parties” – Xinhua later added of the exchange, in what seemed an indirect swipe at NATO.

    Various Western officials and media reports have sought to downplay or even mock BRICS, but journalist Glenn Greenwald explained the following Tuesday, writing on X: “There’s Western skepticism and even mockery that this huge confederation of countries — united over perceived abuses of US/EU sanctions — could create a non-dollar system.” He continued…

    While many people in the West believe that Russia/Putin are “isolated” – because their media tells them that — two dozen world leaders are in Russia now for a 3-day BRICS conference. BRICS itself includes the two most-populous countries and 4 of the top 10 most populous.

    Beyond the founding 5 (Brazil, Russia, India, China, South Africa), it expanded to 5 more (including key US “partners” Egypt, UAE and maybe Saudi). They “account for 45% of the global population” and 28% of global economy. Key goal: a financial system independent of US dollar.

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    Greenwald also noted that “these countries aren’t sending emissaries or diplomats. They’re sending their top leaders. Brazil’s President Lula was long scheduled to attend, but the 78-year-old fell in the bathroom and sustained a serious head injury this week, so he couldn’t go.”

    Tyler Durden
    Tue, 10/22/2024 – 16:40

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Today’s News 22nd October 2024

  • NATO's Response To Russian Attack On The Baltics Could Take Days And Devastate Lithuania, War Simulation Shows
    NATO’s Response To Russian Attack On The Baltics Could Take Days And Devastate Lithuania, War Simulation Shows

    Authored by Thomas Brooke via Remix News,

    A recent war simulation reported by the German newspaper Bild has modeled the potential fallout from a Russian attack on NATO’s eastern flank, specifically targeting the Baltic states.

    The simulation, which explores the implications of such a conflict, highlights a worst-case scenario where NATO’s response could be delayed, leaving Lithuania and its neighbors vulnerable to a Russian advance.

    The computer-simulated wargame, developed with input from former U.S. Army Europe commander Ben Hodges and former NATO Supreme Allied Commander Philip Breedlove, envisions an attack taking place in 2027, with Russian forces launching assaults from Belarus and the Kaliningrad region, swiftly moving to occupy parts of Lithuania, Latvia, and Estonia.

    The focus of the attack would be the strategically significant Suwałki Corridor, a 100-kilometer stretch of land connecting Kaliningrad to Belarus.

    Often dubbed “the most dangerous place on the planet,” this corridor could be used to cut off the Baltic states from the rest of NATO.

    The simulation suggests that NATO’s Article 5 – the alliance’s collective defense clause – could take several days to activate, causing delays in mobilizing support.

    As a result, Lithuania and the other Baltic states would need to face Russian forces alone for up to 10 days before NATO could deliver significant reinforcements to the region.

    During this period, NATO’s German brigade stationed in Lithuania, expected to number 5,000 troops and 44 Leopard 2 tanks by 2027, would play a crucial role.

    In the simulation, German tanks eventually halted the Russian advance within three days of deployment.

    “We need to buy as much time as possible,” explained General Breedlove.

    “First there will be air support, then the fleet, and then heavy ground troops. It would be necessary to hold positions until the arrival of large NATO forces,” he noted.

    Despite successful resistance, the damage to Lithuania would be severe, with the country left partially occupied and devastated by the end of the conflict.

    Thousands of fatalities on both sides would also be recorded in a ferocious few days of fighting.

    Read more here…

    Tyler Durden
    Tue, 10/22/2024 – 02:00

  • The Left Falsely Portrays Disinformation As The Right's Monopoly
    The Left Falsely Portrays Disinformation As The Right’s Monopoly

    Authored by Peter Berkowitz via RealClearPolitics,

    On an Oct. 13 MSNBC broadcast with anchor Jen Psaki, Democratic strategist – and former political advisor to President Bill Clinton – James Carville denounced Donald Trump for putting “the entire Constitution in jeopardy.” Carville offered a concrete example of the right’s subversion of American freedom and democracy: “The Supreme Court and Clarence Thomas have totally greenlighted the idea that you could round up, use the military to round up your political enemies.” A former political advisor to Presidents Barack Obama and Joe Biden, Psaki replied with a smile, “We love the truth telling.”

    Carville and Psaki are typical. The left often portrays itself as the rigorous defender of truth against relentless right-wing disinformation while resolutely promoting progressive disinformation, including the falsehood that disinformation is a distinctively right-wing phenomenon.

    Small wonder that Carville did not elaborate on his extraordinary accusation, and that Psaki did not ask why he singled out Justice Thomas or how the Supreme Court authorized the rounding up of political enemies. Perhaps Carville had in mind the court’s holding last July in Trump v. United States “that the President is absolutely immune from criminal prosecution for conduct within his exclusive sphere of constitutional authority.” But the Constitution does not give the president authority to round up political enemies.

    Did Carville glibly attack Trump and did Psaki politely play along? Did partisan rage distort Carville’s judgment as well as Psaki’s? Did Carville resolve to assert – and Psaki to endorse – whatever it takes, including nightmare scenarios, to protect democracy from Trump?

    It is hard to read hearts and minds. But one can confidently affirm that deceiving about politics is as old as politics.

    Circumstances change. Regimes come and go. Empires rise and fall. Parties win and lose. Yet even as modernization and technology revolutionize human affairs by generating material abundance, destabilizing settled expectations, and eroding inherited understandings, human beings remain social and political animals. Individuals need one another’s company and cooperation while – given diverse backgrounds, disposition, abilities, and interests – differing over what is useful, just, and good. Some strive to exercise power over others while most try to minimize the power that others exercise over them. Through it all, passion and prejudice constantly buffet everyone’s reasoning, and auspicious opportunities and dire predicaments tempt even the virtuous to portray the facts as other than they are.

    No doubt novel opportunities abound today for promulgating lies and disseminating the family of departures from the truth that human beings routinely produce, distribute, consume, and rail against. In particular, the Internet, digital communications, and social media have facilitated the acquisition and transmission of immense amounts of information. This has greatly increased the quantity and accelerated the velocity of casual errors, self-deceptions, well-meaning half-truths, fraudulently marketed opinions and ideas, and outright lies that swirl through political culture.

    Both right and left in America partake of the free-for-all of duplicity – often crude, occasionally artful – that plagues American politics. There is, however, an asymmetry.

    Both sides insist that the other is exclusively at fault for the decay of public discourse. But the left controls the commanding heights of education, mainstream and social media, and government bureaucracy.

    The left’s false contention that the right exercises a monopoly on manipulation, deceit, and falsehood is particularly damaging because the left amplifies its accusation through domination of the nation’s communication, elite opinion formation, and rule-making and law-enforcement institutions. This substantial advantage in the struggle to shape public opinion encourages the left’s sense of superiority while blinding progressives to their own intellectual subterfuges and ideological swindles. It also foments outrage on the right. Conservatives justify their extreme statements and outrageous claims as playing by progressives’ rules.

    Atlantic staff writer Charlie Warzel recently illustrated the left’s propensity to wrongly present disinformation as a specifically right-wing pathology. Author of “Galaxy Brain,” The Atlantic’s newsletter “about technology, media, and big ideas,” Warzel argues in “I’m Running Out of Ways to Explain How Bad This Is” that an unprecedented assault on truth has “been building for more than a decade.” The crisis stems, he maintains, from a calamitous combination of right-wing extremism and digital technology that breaks reality into two – a world of truth inhabited by the left and a world of “dark” falsehoods that the right creates, outfits, and calls home.

    This reality-fracturing is the result of an information ecosystem that is dominated by platforms that offer financial and attentional incentives to lie and enrage, and to turn every tragedy and large event into a shameless content-creation opportunity,” writes Warzel. “This collides with a swath of people who would rather live in an alternate reality built on distrust and grievance than change their fundamental beliefs about the world.”

    Warzel would have placed his analysis of just how badly political discourse in America has deteriorated on much sounder footing if he had recognized that the left also employs digital technology to fabricate and maintain a separate world. In the left’s alternative reality, the remorseless siege of systemic racism, sexism, and other sinister forms of oppression obliges progressives to abandon basic requirements of evidence and argument to rally the faithful and save the nation and the world.

    Responses to Hurricanes Helene and Milton, maintains Warzel, have set a new low. “Even in a decade marred by online grifters, shameless politicians, and an alternative right-wing-media complex pushing anti-science fringe theories,” he writes, “the events of the past few weeks stand out for their depravity and nihilism.” He gives chilling examples careening around the Internet of harebrained conspiracy theories about government malfeasance and implausible stories of official neglect, or deliberate disregard, of storm victims that have delayed the delivery of essential government services. These remind that people can easily dupe others and be duped, especially when hurricane season coincides with election season, and individuals are armed with smart phones and social media accounts, and distrust elite institutions.

    Warzel is rightly alarmed that “Americans are divided not just by political beliefs but by whether they believe in a shared reality – or desire one at all.” But his one-sided analysis inadvertently underscores that fault for the splintering of America does not lie solely with Trump and his backers.

    Or even primarily.

    Yes, Jan. 6, 2021, was a disgrace. Yes, right-wing rhetoric can be ridiculous, ominous, and vile. And yes, right-wing activists also exploit the Internet to stoke grievance and stir up resentment and rage.

    Still, progressives tend to neglect that Trump and his voters have reasons, accumulating for decades, for distrusting institutions fundamental to the nation’s security, prosperity, and freedom and dominated by progressives: universities, the mainstream media and social media, and the federal bureaucracy.

    Contrary to the common view on the left that Trump inaugurated a war on truth, our universities have for at least two generations sought to emancipate students from the traditional understanding that higher education’s purpose is to pursue knowledge and cultivate independent minds. Instead, through a succession of intellectual fashions and fads – including positivism, relativism, postmodernism, deconstruction, multiculturalism, identity politics, and intersectionality – universities have fostered the incoherent and partisan belief that since moral values are socially constructed, progressive policies must prevail.

    Meanwhile, our progressive media – mainstream and social – and our progressive federal bureaucracy have collaborated to promote progressive national narratives by censoring opinions that challenge the progressive perspective and weaponizing the law against those who oppose progressivism’s hegemony.

    The most egregious such collaboration revolved around the charge – widely presented as established fact by the press, defeated candidate Hillary Clinton, and elected Democratic officials and progressive intellectuals – that Donald Trump conspired with Russia to steal the 2016 election. This weighed down President Trump and hampered his administration. Yet after a two-year investigation, Special Counsel Robert Mueller, whose team contained several experienced and high-powered Democratic lawyers, issued a lengthy report stating that the investigation “did not establish that the Trump campaign coordinated with the Russian government in its election interference activities.”

    Another disreputable collaboration to advance progressive ends sought to push Democratic presidential candidate Joe Biden over the finish line in November 2020. A few weeks before the election, the New York Post accurately reported that a laptop containing incriminating evidence belonged to Joe Biden’s son Hunter. The mainstream media, social media, and the FBI censored the Post’s reporting while disseminating the falsehood that the computer was a product of Russian disinformation.

    A third major collaboration occurred during the COVID-19 pandemic. The New York Times and the Washington Post derided the notion that the virus leaked from a Chinese lab, which it likely did, and government officials, led by Dr. Anthony Fauci and Dr. Francis Collins, suppressed the lab-leak hypothesis. In addition, the mainstream media, social media, and federal government teamed up to discredit and silence those who raised questions about the efficacy of masks, lockdowns, and vaccines.

    To do their share to arrest the splintering of America, progressives must do more than profess their love of the truth. They must act like they mean it.

    Peter Berkowitz is the Tad and Dianne Taube senior fellow at the Hoover Institution, Stanford University. From 2019 to 2021, he served as director of the Policy Planning Staff at the U.S. State Department. His writings are posted at PeterBerkowitz.com and he can be followed on X @BerkowitzPeter.

    Tyler Durden
    Mon, 10/21/2024 – 23:25

  • Hurricane Helene's Political Disaster
    Hurricane Helene’s Political Disaster

    Authored by Ryan Bonifay via RealClearPolitics,

    Hurricane Helene devastated large swaths of western North Carolina, with entire towns wiped away or forever altered. The human disaster will be felt for decades. But there’s another impending disaster no one is talking about – a political one.

    North Carolina is a perennial swing state with a penchant for split-ticket voting. In 2020, Donald Trump won the state by less than 1.5 percentage points. In 2008, Barack Obama clinched the state for the Democrats by a mere 14,000 votes out of 4.3 million votes. This year, North Carolina is once again a battleground state, with both political parties spending hundreds of millions of dollars, and both presidential nominees are spending significant time here. In the Tar Heel State, Kamala Harris and Donald Trump are literally fighting for every single vote.

    But Hurricane Helene didn’t just wipe out towns. It may also wipe out people’s right to vote. Tens of thousands of voters are homeless or temporarily camped out far from their homes. While the North Carolina Board of Elections is tweaking rules to make it easier to vote, residents in the most severely damaged areas probably have other, bigger problems on their minds – like missing relatives, lost livelihoods, children who can’t go to school, filing insurance claims, just to name a few. The last thing on their to-do lists is remembering to reregister to vote at their new address before Oct. 6, which has since come and gone. 

    There is an unspoken question that needs to be voiced: What happens if hundreds of thousands of voters in western North Carolina can’t vote in the 2024 election?

    The disaster declaration in western North Carolina encompasses 25 counties, comprising 1.3 million registered voters, of which 974,514 voted for president in 2020.

    Currently, registered Republicans make up 37.9% of western North Carolina voters compared to 28.2% in the rest of the state. Registered Democrats make up only 22.8% of western North Carolina voters compared to 33.2% in the rest of the state. In 2020, Trump won 604,119 votes to Joe Biden’s 356,902 votes in those 25 counties. 

    In other words, western North Carolina is Republican country, even with deep blue Asheville sitting in the heart of the mountains. In the closest election in recent history, Republicans don’t have 600,000 votes to spare.

    In order for a Republican candidate to have a fighting chance of winning statewide in North Carolina, they have to drive up their margin of victory in the western part of the state. Since 2016, Republican presidential and Senate candidates have won by a margin of 23.4% to 27.9% in western North Carolina. In those same elections, all Republicans (Trump, Tillis, Budd), except former Sen. Richard Burr, also lost the rest of the state.

    Compare those margins to losing Republican candidates. In 2016, the incumbent governor, Pat McCrory, won western North Carolina by 19.3%. Four years later, Republican Dan Forest only eked out an 18.7% margin in the west. McCrory lost the rest of the state by 4.4%, and Forest lost it by 9.5%.

    In other words, statewide Republicans can’t win North Carolina without soaking up every red vote to the west.

    As of Oct. 7, absentee ballot requests in western North Carolina totaled 46,094, accounting for 15.7% of statewide requests. Some of those ballots will never reach their intended recipients. That is concerning, but the bigger impact will come from in-person early voting, slated to begin October 17. In 2020, 70% of Trump’s vote in western North Carolina came from in-person early voting sites. It is not yet clear how many early voting sites are damaged, but the wide expanse of Helene’s damage suggests it will be significant. According to Axios, “infrastructure, accessibility to voting sites, and postal services remain severely disrupted” in 13 counties, accounting for 552,514 registered voters.

    With North Carolina growing increasingly close, hundreds of thousands of Tar Heel voters who are unable to vote could doom Republicans chances here – and nationwide – over the next 27 days. While it is possible for Trump to win 270 electoral votes while losing North Carolina, it makes a narrow path to the White House that much narrower.

    Playing around with the electoral map produces a number of scenarios in which Trump comes short of 270 electoral votes without North Carolina. One scenario gives Trump Arizona, Georgia, and Pennsylvania while losing Wisconsin, Michigan, and North Carolina. He loses that election 265 to 273.

    Getting western North Carolina back on its feet has to be the priority for the federal and state governments. However, with such an important election at our doorstep, it would be irresponsible to ignore the political implications of this historic disaster. It’s not just about disenfranchising voters – which is important enough.

    Imagine for a moment that this election comes down to a razor-thin margin in storm-torn North Carolina. Allegations start flying – about lost ballots, late ballots, ballots sent to the wrong precincts, etc. It will be Florida circa 2000 on steroids, and nobody wants to go through that again. Our country is already fraying at the seams with little trust in our democratic institutions. Talk about throwing a match into a powder keg.

    To prevent this election outcome from being dictated by a 100-year storm, it is incumbent on the Board of Elections to do absolutely everything in its power to make sure western North Carolinians, especially those in rural and most isolated parts of the impacted area, have every opportunity to cast their ballots. It’s also incumbent on Republicans to start tackling this problem now. Don’t wait until Nov. 6 to sound the alarm.

    No one wants to politicize a storm that has destroyed so many lives, but that’s exactly what will happen if we don’t get this right.

    Ryan Bonifay is the director of data & analytics at ColdSpark and lives in Lexington, North Carolina. Bonifay has worked and served as data director for several campaigns and organizations across the southeast, including the Republican National Committee, Engage Texas, Texans for Greg Abbott, and former U.S. Senator David Perdue.

    Tyler Durden
    Mon, 10/21/2024 – 23:00

  • FBI Believes US Intel Leak On Israel Was Likely A Government Insider, Not Hacking
    FBI Believes US Intel Leak On Israel Was Likely A Government Insider, Not Hacking

    The FBI and the Department of Defense are scrambling to uncover how it was that two highly classified intelligence documents related to Israel’s preparation for a potential retaliatory attack on Iran appeared on a Middle East news-related Telegram channel days ago.

    The White House has described President Biden as “deeply concerned” over the serious breach, and has confirmed there is an intense investigation ongoing to ascertain how it happened and who had access.

    At this point it’s not even confirmed whether the documents were made public via a hack or a leak by an individual who had access to them.

    The documents were produced by the US National Geospatial-Intelligence Agency and National Security Agency, and were marked “Top Secret” and restricted from distribution from most foreign allies, with the exception of countries belonging to the “Five Eyes”.

    The White House also said Monday that at this point officials do not believe that more documents were breached beyond the two which were made public.

    CNN meanwhile reports that investigators currently believe the intel docs were leaked by someone within the US intelligence community:

    The FBI is leading the investigation, working with Pentagon investigators and the intelligence community, according to US officials briefed on the matter.

    In recent days, investigators have worked to authenticate the documents and determine who could have had access to them, the officials said.

    That focus is one indication that, for now, the FBI and other investigators are working off the theory that the breach most likely came from a government insider and not from a cyber intrusion.

    Statements attributed to the FBI further suggest authorities are getting close to tracking down the culprit. While both documents were available among a relatively large pool of US intelligence analysts and officials, CNN has noted that one of them appears to have been scanned from a printed briefing book.

    “That could provide investigators with a critical jumping-off point: The Defense Department, like other federal agencies, tracks when employees print classified documents. The pool of people who printed these pages would be relatively small, these sources said,” CNN details.

    https://platform.twitter.com/widgets.js

    This is precisely how US Air Force veteran and former NSA translator Reality Winner got caught. She printed a single classified document from her work computer, and then anonymously mailed it to The Intercept. It was an NSA document related to alleged ‘Russian interference’ in the 2016 United States elections, which involved some phishing scams and efforts at breaching voting software. The document itself was relatively vague. Government investigators were able to very quickly determine which printer was used, and which NSA employee viewed it.

    Tyler Durden
    Mon, 10/21/2024 – 22:35

  • US House Task Force Finds 1st Trump Assassination Attempt Was 'Preventable'
    US House Task Force Finds 1st Trump Assassination Attempt Was ‘Preventable’

    Authored by Jack Phillips via The Epoch Times (emphasis ours),

    The House task force investigating the July 13 assassination attempt targeting former President Donald Trump concluded that the incident was “preventable,” releasing new testimony from local law enforcement officials who provided accounts of communications and operational failures at the rally in Butler, Pennsylvania.

    Republican presidential nominee and former President Donald Trump is helped off the stage at a campaign event in Butler, Pa., on July 13, 2024. Gene J. Puskar/AP Photo

    Released on Monday, the report concluded that there was a “lack of planning and coordination” between the U.S. Secret Service and its local law enforcement partners during the Trump rally.

    The Secret Service, it found, “did not give clear guidance to the relevant state and local agencies about managing areas outside the secure event perimeter, and there was no joint meeting on the day of the rally between [the Secret Service] and all state and local law enforcement agencies assisting” the federal agency.

    Monday’s House task force report mostly echoes findings made by the Senate Homeland Security panel report and an internal Secret Service report, both of which were released in September.

    The report included findings that were already publicly released. But the report contained new interviews with local law enforcement officials in Butler County on how the Secret Service failed to perform on July 13.

    Unnamed officials in Butler provided more details on how the gunman was first spotted by law enforcement and that nothing was done until he opened fire upon the rally, clipping Trump’s right ear with a bullet while killing a rally-goer and severely injuring two others.

    As one example, one emergency services official told the panel that he sent a text message to his colleague that the shooter was seen with a rangefinder at around 5:17 p.m. However, the colleague did not see the message until more than 20 minutes later, at around 5:40 p.m.

    The report also included new testimony from the officer who attempted to climb on the roof of the building where the gunman had perched before he opened fire. Days after the shooting, local officials confirmed that an officer tried to get on the roof but that the shooter pointed his weapon at him, forcing the officer to back down.

    Police body-camera footage was also released of the incident, showing the officer getting a boost from another law enforcement official in a bid to climb on the roof. The shooter could not be seen in that clip.

    That unnamed official told the panel that as he attempted to move his way onto the roof, the gunman “slowly turned on his waist” and “slowly turned around.”

    “And as I came up, that’s when he pointed his firearm in my face,” the official said. “And at that time, I could see, you know, he had a bookbag with him, I could see mags (gun magazines).

    I knew he had a long gun, like an AR-platform. And as I’m coming up and he’s got the gun pointed at me, I don’t know if I reach for my gun, if I slip, but all I know from that point is I’m looking at him, and all my weight is on my, like, arms, my hands, and I don’t have a grip.”

    The officer added, “The next thing I know, I smack against the ground and fall.”

    “I just start yelling out to the guys that are there, I yell on the radio right away,” the official added. “I start saying, you know, South end, He’s got a long gun. Male on the roof. I just kept repeating, He’s got a gun. He’s got a long gun. I’m telling the guys that are around, like, he’s right up there, guns up, eyes up, still screaming on the radio.”

    Overall, local and state law enforcement officials who spoke to the House panel were largely critical of the lack of a unified command and communications post to oversee security at the Trump event.

    They also said that there was no unified briefing between the federal and local partners that could “have led to gaps in awareness among state and local law enforcement partners as to who was stationed where, spheres of responsibility, and expectations regarding communications during the day,” according to the report.

    The Secret Service has not issued a comment on the House panel’s report. The Epoch Times contacted the agency but received no response by publication time.

    The acting director of the Secret Service in August conceded that the agency failed in its mission to protect Trump during the rally, did not properly secure the rally site, and that several agency staffers would face punishment over the incident.

    Two months later, federal law enforcement officials said that Trump was the target of a second assassination attempt, this time at his Florida golf course while he was golfing. The Secret Service said that an agent who was protecting Trump saw the barrel of a rifle sticking out of a perimeter fence on Sept. 15 before he engaged with the suspect and opened fire, prompting him to flee.

    Ryan Wesley Routh was later arrested and charged with multiple felony counts in connection to the incident and has pleaded not guilty. Prosecutors say that Routh had authored a note that indicated he wanted to assassinate the former president.

    Tyler Durden
    Mon, 10/21/2024 – 21:45

  • Girl Scout Dues Could Rise As Much As 240% Next Year
    Girl Scout Dues Could Rise As Much As 240% Next Year

    So much for 2% inflation…

    The Girl Scouts could be forced to raise yearly membership from $25 to $85, according to a new report from Fox News. That marks a rise of 240%, for those of you keeping inflation score at home. 

    Girl Scouts of the USA President Noorain Khan and CEO Bonnie Barczykowski said this week: “We have collectively acknowledged that a membership dues increase is needed which is greater than the 25 percent (or $6.25) the National Board has authority to approve in a single triennium.”

    “Over the past few years, costs have increased everywhere, and neither GSUSA nor our councils have been immune to this pressure,” it continued. “Operating at a deficit — spending more than we bring in — as we have been doing, is not sustainable.”

    The statement continues: “We can no longer afford to use our financial reserves, and we cannot pass through all escalating costs to our councils.”

    It says: “The additional revenue generated by national annual membership dues of $85 for girls and $45 for adults will enable all of us, together, to deliver our Movement strategy.”

    The Fox News report says that Girl Scouts membership has declined in recent years, partly due to the pandemic. Meanwhile, the Boy Scouts, now Scouting America, began accepting girls in 2018.

    The Girl Scouts ended the 2023 fiscal year with a $4.4 million deficit, which is projected to grow to $5.6 million by the end of 2024.

    Girl Scout troop leader Sally Bertram commented: “I just feel like a triple jump in numbers is going to dissolve the Girl Scouts in southeast Indiana. People out here do not pay that kind of money.”

    “I think that these girls could lose a lifetime of experiences,” she continued. 

    In a statement to Fox, Girl Scouts said: “Ensuring that Girl Scouts can be here for girls (now and in the future) requires financial resources. Girl Scouts has not raised membership dues in over 8 years.”

    “This is not a decision we take lightly, which is why 900 delegates representing Girl Scouts’ membership are coming together to weigh options and vote to ensure that Girl Scouts thrive and that, most importantly, every girl has access to the Girl Scout experience so desperately needed today.”

    Tyler Durden
    Mon, 10/21/2024 – 21:20

  • Ron Paul: Why Should We Fight Wars For Ukraine And Israel?
    Ron Paul: Why Should We Fight Wars For Ukraine And Israel?

    Authored by Ron Paul via The Ron Paul Institute,

    When you take on the role of the world’s policeman, don’t be surprised when countries who cannot fight their own wars call “911.”

    That is exactly what is happening to the United States on two fronts and it is bankrupting our country, depleting the military that should serve our own national interest, and threatening to drag the US into World War III.

    Last week, Ukraine’s “president” Vladimir Zelensky publicly presented his “Victory Plan.”

    It was delusional: immediate NATO Membership for Ukraine, NATO strikes against incoming Russian missiles, and permission to use Western long-range missiles for strikes deep into Russia including Moscow and St. Petersburg.

    The real intent was not hard to understand.

    Ukraine is on the verge of losing its war with Russia and is desperate to draw the United States military into the fight. There were numerous opportunities to avoid this bloody war but at every step the Ukrainian leadership listened to western neocons (like Boris Johnson) and decided to keep fighting Russia down to the last Ukrainian.

    But now that they are nearly down to the last Ukrainian, they are calling on us to step in and fight the country with the most nuclear weapons on earth -Russia – in a battle that could not be more unrelated to our actual interests.

    Washington’s answer should be simple but firm:

    “No more weapons, no more money. You’re on your own. Make peace.”

    Would the US be mortally wounded if the people in Eastern Ukraine were allowed to secede from Kiev and join Russia?

    Would anyone except the Russia-obsessed neocons in DC think tanks even notice?

    Likewise with Israel.

    Tel Aviv has, in response to the October 7, 2023, Hamas attack, launched a war to annihilate Palestinians from Gaza, invade and occupy southern Lebanon, degrade the military of Iraq and Syria, and take on Iran. But the Israeli military has nowhere near the capacity to fight so many wars on so many fronts, so it has increasingly demanded US involvement in the conflicts. Already the US has provided some $23 billion in additional military aid to Israel and has employed US military assets in the region to shoot down missiles and provide increased weapons and intelligence.

    But it’s still not enough for Israel. To fight Iran, with its significant military capabilities, Israel appears desperate to drag the US military into the battle. The stationing of one or perhaps two THAAD air defense systems, each with 100 US troops to operate them, is part of that effort. These 100-200 US troops are illegally engaged in combat, but what’s worse is that they are being used as a tripwire. US and Israeli leaders understand that they will be considered legitimate targets for any additional Iranian missile attack, but as soon as American troops start getting killed in Israel there will be a massive push for further US involvement. Imagine the mainstream media war propaganda if such a terrible thing happens.

    That is no way to use members of the US armed services. It is the opposite of supporting our troops.

    Washington’s response to Israel trying to drag us into its war with Iran should be just like with Ukraine:

    “No more weapons, no more money. You’re on your own. Make peace.”

    That is what a pro-America foreign policy looks like. Our Founders understood it very well and wrote about it often.

    It’s called “non-intervention.”

    Tyler Durden
    Mon, 10/21/2024 – 20:55

  • Visualizing The Rise Of Antibiotic Resistance
    Visualizing The Rise Of Antibiotic Resistance

    Bacterial infections are becoming more dangerous.

    When you’re fighting a bacterial infection, a doctor will typically prescribe you an antibiotic to help you recover. Unfortunately, rising antibiotic resistance means these drugs are becoming less effective.

    In part one of this series on antimicrobial resistance, Visual Capitalist’s Jenna Ross partnered with the MSCI Sustainability Institute to highlight the increase in bacteria’s resistance to antibiotics.

    What is Antibiotic Resistance?

    Antibiotic resistance happens when bacteria evolve and become resistant to the drugs used to treat them. To some extent, this occurs naturally due to genetic changes in pathogens. 

    However, people have misused and overused drugs to prevent, control, and treat infections in humans, animals, and plants. This is the primary cause of more resistant bacteria.

    Resistance Rates Over Time

    Based on the latest available data, the resistance rates of key antibiotics increased from about 16% in 2001 to 44% in 2020. In other words, nearly half of infections are not responsive to the antibiotics typically used to treat them. 

    Unfortunately, the majority of experts believe that some of these key antibiotics—including amoxicillin and cephalexin, some of the most prescribed drugs in the U.S.—will very likely be lost to resistance within the next 15 years.

    The Impact of Antibiotic Resistance

    With treatments no longer working for illnesses like pneumonia or urinary tract infections in some cases, the risk of disease and death increases. Every year, antibiotic resistance directly leads to nearly 1.3 million deaths.

    On top of this, rising resistance creates investment threats. For instance, companies failing to address antimicrobial resistance might face reputational damage. However, there are also opportunities for investors when it comes to the development of new antibiotics and alternative treatments.

    In the second part of this series, we highlight the gap between infection-related deaths and research efforts. 

    Tyler Durden
    Mon, 10/21/2024 – 20:30

  • The Neo-Liberal Consensus Is Coming Apart
    The Neo-Liberal Consensus Is Coming Apart

    Authored by Jeffrey Tucker via The Brownstone Institute,

    The global Covid response was the turning point in public trust, economic vitality, citizen health, free speech, literacy, religious and travel freedom, elite credibility, demographic longevity, and so much more. Now five years following the initial spread of the virus that provoked the largest-scale despotisms of our lives, something else seems to be biting the dust: the postwar neo-liberal consensus itself. 

    The world as we knew it only a decade ago is on fire, precisely as Henry Kissinger warned in one of his last published articles. Nations are erecting new trade barriers and dealing with citizen uprisings like we’ve never seen before, some peaceful, some violent, and most that could go either way. On the other side of this upheaval lies the answer to the great question: what does political revolution look like in advanced industrial economies with democratic institutions? We are in the process of finding out. 

    Let’s take a quick march through modern history through the lens of US-China relations.

    From the time of China’s opening in the 1980s to the election of Donald Trump in 2016, the volume of trade imports from China only grew, decade after decade. It was the most conspicuous sign of a general trajectory toward globalism that began following the Second World War and accelerated with the end of the Cold War. Tariffs and trade barriers fell ever more, as dollars as the world reserve currency filled the coffers of world central banks. The US was the global source of liquidity that made it all possible. 

    It came at a huge cost, however, as the US through the decades lost its manufacturing advantages in dozens of industries that once defined the American commercial experience. Watches and clocks, pianos, furniture, textiles, clothing, steel, tools, shipbuilding, toys, household appliances, home electronics, and semiconductors all left US shores while other industries are on the rocks, most especially cars. Today, the much-celebrated “green energy” industries seem fated to be outcompeted as well. 

    These industries came to be largely replaced by debt-financed financial products, the explosion of the government-backed medical sector, information systems, entertainment, and government-funded education, while the primary exports of the US became debt and petroleum products. 

    Many forces combined to sweep Donald Trump into office in 2016 but resentment against the internationalization of manufacturing was high among them. As financialization replaced domestic manufacturing, and class mobility stagnated, a political alignment took shape in the US that stunned the elites. Trump got busy on his pet issue, namely erecting trade barriers against countries with whom the US was running trade deficits, primarily China. 

    By 2018, and in response to new tariffs, the volume of trade with China took its first huge hit, reversing not only a 40-year trajectory of growth but also dealing the first the biggest blow against the 70-year postwar consensus of the neo-liberal world. Trump was doing it largely on his own initiative and against the wishes of many generations of statesmen, diplomats, academics, and corporate elites. 

    Then something happened to reverse the reversal. That something was the Covid response. In Jared Kushner’s telling (Breaking History), he went to his father-in-law following the lockdowns and said:

     We’re scrambling to find supplies all over the world. Right now, we have enough to get through the next week—maybe two—but after that it could get really ugly really fast. The only way to solve the immediate problem is to get the supplies from China. Would you be willing to speak to President Xi to de-escalate the situation?

    “Now is not a time to be proud,” said Trump. “I hate that we are in this position, but let’s set it up.”

    It’s impossible to imagine the pain that decision must have caused Trump because this move meant a repudiation of all that he believed in foundationally and all that he set out to accomplish as president. 

    Kushner writes:

    I reached out to Chinese ambassador Cui Tiankai and proposed that the two leaders talk. Cui was keen on the idea, and we made it happen. When they spoke, Xi was quick to describe the steps China had taken to mitigate the virus. Then he expressed concern over Trump referring to COVID-19 as the ‘China Virus.’ Trump agreed to refrain from calling it that for the time being if Xi would give the United States priority over others to ship supplies out of China. Xi promised to cooperate. From that point forward, whenever I called Ambassador Cui with a problem, he sorted it out immediately.

    What was the result? Trade with China soared. Within a matter of weeks, Americans were wearing Chinese-made synthetic coverings on their faces, having their noses stuck with Chinese-made swabs, and being tended to by nurses and doctors wearing Chinese-made scrubs. 

    The chart on China’s trade volume looks like this. You can observe the long rise, the dramatic fall from 2018, and the reversal in the volume of PPE purchases following the lockdowns and Kushner’s interventions. The reversal did not last long as trade relations broke down and new trade blocs were born. 

    The irony, then, is a salient one: the aborted attempt to restart the neo-liberal order, if that is what it was, occurred in the midst of a global bout of totalitarian controls and restrictions. To what extent were the Covid lockdowns deployed in service of resisting Trump’s decoupling agenda? We have no answers to that question but observing the pattern does leave room for speculation. 

    Regardless, the trends of 70 years came to be reversed, landing the US in new times, described by the Wall Street Journal in the event of a Trump victory in 2024: 

    If it turns out that the tariff on China is 60% and the rest of the world is 10%, the U.S.’ average tariff, weighted by the value of imports, would leap to 17% from 2.3% in 2023, and 1.5% in 2016, according to Evercore ISI, an investment bank. That would be the highest since the Great Depression, after Congress passed the Smoot-Hawley Tariff Act (1932), which triggered a global surge in trade barriers. U.S. tariffs would go from among the lowest to highest among major economies. If other countries retaliated, the rise in global trade barriers would have no modern precedent.

    Talk of the Smoot-Hawley tariff really does plunge us into the wayback machine. Back in those days, trade policy in the US followed the US Constitution (Article I, Section 8). The original system granted Congress the power to regulate commerce with foreign nations, among other powers. This was intended to keep trade policy within the legislative branch to ensure democratic accountability. As a result, Congress responded to the economic/financial crisis by imposing huge barriers against imports. The Depression worsened. 

    It was a widely accepted belief among many in elite circles that the 1932 tariffs were a factor in the deepening of the economic downturn. Two years later, efforts began to transfer trade authority to the executive so that the legislature would never do something so stupid again. The theory was that the president would be more likely to pursue a free-trade, low-tariff policy. That generation never imagined that the US would elect a president who would use his power to do the opposite. 

    In the waning days of the Second World War, a group of extremely smart and well-intended diplomats, statesmen, and intellectuals worked to secure the peace in the aftermath of the wreckage in Europe and around the world. They all agreed that a priority in the postwar world was to institutionalize economic cooperation as broadly as possible, under the theory that nations that are dependent on each other for their material well-being were less likely to go to war against each other. 

    Thus was born what came to be called the neo-liberal order. It consisted of democratic nations with limited welfare states cooperating in trading relationships with ever-lower barriers between states. In particular, the tariff was deprecated as a means of fiscal support and industrial protection. New agreements and institutions were founded to be the administrators of the new system: GATT, IMF, World Bank, and the UN. 

    The neo-liberal order was never liberal in the traditional sense. It was managed from the outset by states under US dominance. The architecture was always more fragile than it appeared to be. The Bretton Woods agreement of 1944, tightened through the decades, involved nascent institutions of global banking and included a US-managed monetary system that broke down in 1971 and was replaced by a fiat-dollar system. The flaw in both systems had a similar root. They established global money but retained national fiscal and regulatory systems, which thereby disabled the specie-flow mechanisms that smoothed and balanced trade in the 19th century. 

    One of the consequences was the manufacturing losses mentioned above, which coincided with a growing public perception that the institutions of government and finance were operating without transparency and citizen participation. The ballooning of the security state after 9-11 and the stunning bailouts of Wall Street after 2008 reinforced the point and set the stage for a populist revolt. The lockdowns – disproportionately benefitting elites – plus the burning of cities with the riots of the summer of 2020, the vaccine mandates, and combined with the onset of a migrant crisis, reinforced the point. 

    In the US, the panic and frenzy all surround Trump but that leaves unexplained why almost every Western country is dealing with the same dynamic. Today the core political fight in the world today concerns nation-states and the populist movements driving them versus the kind of globalism that brought a worldwide response to the virus as well as the worldwide migrant crisis. Both efforts failed spectacularly, most especially the attempt to vaccinate the entire population with a shot that is only defended today by manufacturers and those in their pay. 

    The problem of migration plus pandemic planning are only two of the latest data points but they both suggest an ominous reality of which many people in the world are newly aware. The nation-states that have dominated the political landscape since the Renaissance, and even back in some cases to the ancient world, had given way to a form of government we can call globalism. It doesn’t refer only to trade across borders. It is about political control, away from citizens in countries toward something else that citizens cannot control or influence.

    From the time of the Treaty of Westphalia, signed in 1648, the idea of state sovereignty prevailed in politics. Not every nation needed the same policies. They would respect differences toward the goal of peace. This involved permitting religious diversity among nation-states, a concession that led to an unfolding of freedom in other ways. All governance came to be organized around geographically restricted zones of control. 

    The juridical boundaries restrained power. The idea of consent gradually came to dominate political affairs from the 18th through the 19th century until after the Great War which dismantled the last of the multinational empires. That left us with one model: the nation-state in which citizens exercised ultimate sovereignty over the regimes under which they live. The system worked but not everyone has been happy with it.

    Some of the most high-status intellectuals for centuries have dreamed of global government as a solution to the diversity of policies of nation-states. It’s the go-to idea for scientists and ethicists who are so convinced of the correctness of their ideas that they dream up some worldwide imposition of their favored solution. Humanity has by and large been wise enough not to attempt such a thing beyond military alliances and mechanisms to improve trade flows.

    Despite the failure of global management last century, in the 21st century, we’ve seen the intensification of the power of globalist institutions. The World Health Organization (WHO) effectively scripted the pandemic response for the world. Globalist foundations and NGOs seem to be heavily involved in the migrant crisis. The International Monetary Fund (IMF) and World Bank, created as nascent institutions for a global system of money and finance, are exercising outsized influence on monetary and financial policy. The World Trade Organization (WTO) is working to diminish the power of the nation-state over trade policies.

    Then there is the United Nations. I happened to be in New York City a few weeks ago when the United Nations met. No question that it was the biggest show on planet Earth. Vast swaths of the city were shut down to cars and buses, with diplomats and heavy-hitting financiers arriving via helicopter on the roofs of luxury hotels, all of which were full for the week of meetings. The prices of everything were jacked up in response since no one was spending his own money in any case.

    The attendees were not only statesmen from all over the world but also the biggest financial firms and media outfits, along with representatives of the largest universities and nonprofits. All of these forces seem to be coalescing at once, as if they all want to be part of the future. And that future is one of global governance wherein the nation-state is eventually reduced to pure cosmetics with no operational power.

    The impression I had while there was that the experience of everyone in town that day, all swarming around the big United Nations meeting, was one of deep separation of their world from the world of the rest of us. They are “bubble people.” Their friends, source of financing, social groupings, career aspirations, and major influence are detached not only from normal people but from the nation-state itself. The fashionable attitude among them all is to regard the nation-state and its history of meaning as passe, fictional, and rather embarrassing.

    Entrenched globalism of the sort that operates in the 21st century represents a shift against and repudiation of half a millennium of the way governance has worked in practice. The United States was initially established as a country of localized democracies that only came together under a loose confederation. The Articles of Confederation created no central government but rather deferred to the former colonies to set up (or continue) their own structures of governance. When the Constitution came along, it created a careful equilibrium of checks and balances to restrain the national state while preserving the rights of the states. The idea here was not to overthrow citizen control over the nation-state but institutionalize it.

    All these years later, most people in most nations, the United States especially, believe that they should have final say over the structure of the regime. This is the essence of the democratic ideal, and not as an end in itself but as a guarantor of freedom, which is the principle that drives the rest. Freedom is inseparable from citizen control of government. When that link and that relationship are shattered, freedom itself is gravely damaged.

    The world today is packed with wealthy institutions and individuals that stand in revolt against the ideas of freedom and democracy. They do not like the idea of geographically constrained states with zones of juridical power. They believe they have a global mission and want to empower global institutions against the sovereignty of people living in nation-states.

    They say that there are existential problems that require the overthrow of the nation-state model of governance. They have a list: infectious disease, pandemic threats, climate change, peacekeeping, cybercrime, financial stability, and the threat of instability, and I’m sure there are others on the list that we’ve yet to see. The idea is that these are necessarily worldwide and evade the capacity of the nation-state to deal with them.

    We are all being acculturated to believe that the nation-state is nothing but an anachronism that needs to be supplanted. Keep in mind that this necessarily means treating democracy and freedom as anachronisms too. In practice, the only means by which average people can restrain tyranny and despotism is through voting at the national level. None of us have any influence over the policies of the WHO, World Bank, or IMF, much less over the Gates or Soros Foundations. The way politics is structured in the world today, we are all necessarily disenfranchised in a world governed by global institutions.

    And that is precisely the point: to achieve universal disenfranchisement of average people so that the elites can have a free hand in regulating the planet as they see fit. This is why it becomes supremely urgent for every person who aspires to live in peace and freedom to regain national sovereignty and say no to the transfer of authority to institutions over which citizens have no control.

    Devolving power from the center is the only path by which we can restore the ideals of the great visionaries of the past like Thomas Jefferson, Thomas Paine, and the entire generation of Enlightenment thinkers. In the end, governing institutions must be in citizen control, and pertain to the borders of particular states, or it necessarily becomes tyrannical over time. As Murray Rothbard put it, we need a world of nations by consent

    There are plenty of reasons to regret the collapse of the neo-liberal consensus and a strong rationale to be concerned about the rise of protectionism and high tariffs. And yet what they called “free trade” (not the simple freedom to buy and sell across borders but rather a state-managed industrial plan) also came at a cost: the transference of sovereignty away from the people in their communities and nations to supranational institutions over which citizens have no control. It did not have to be this way but that is how it was constructed to be. 

    For that reason, the neo-liberal consensus built in the postwar period contained the seeds of its own destruction. It was too dependent on the creation of institutions beyond people’s control and too reliant on elite mastery of events. It was already crumbling before the pandemic response but it was the Covid controls, nearly simultaneously imposed all over the world to underscore elite hegemony, that exposed the fist under the velvet glove. 

    The populist revolt of today might someday appear as the inevitable unfolding of events when people become newly aware of their own disenfranchisement. Human beings are not content to live in cages. 

    Many of us have long predicted a backlash to the lockdowns and all that was associated with them. The full scale of it none of us could have imagined. The drama of our times is as intense as any of history’s great epochs: the fall of Rome, the Great Schism, the Reformation, the Enlightenment, and the fall of the multinational empires. The only question now is whether this ends like America 1776 or France 1790. 

    Tyler Durden
    Mon, 10/21/2024 – 20:05

  • Pentagon Chief Visits Ukraine, Unveils New Aid Package, Ahead Of US Election
    Pentagon Chief Visits Ukraine, Unveils New Aid Package, Ahead Of US Election

    Secretary of Defense Lloyd Austin arrived in Ukraine’s capital by train on an unannounced visit Monday, at a moment Ukraine’s forces are getting steadily pushed back in the east, and as President Zelensky expresses frustration at the lack of large-scale new military aid.

    “It’s been absolutely remarkable that Ukraine has been able to do what it’s done,” Austin told reporters as he went into Ukraine Sunday night. “It’s been able to do that, of course, because of the fact that we have supported them from the very beginning, and we’ve rallied some 50 countries to be a part of that support.”

    In Kiev, Austin announced $400 million in new arms for Ukraine but did not acquiesce to the Ukrainians’ main ask – the greenlight to strike Russia with US-supplied weapons.

    The Wall Street Journal also emphasized of the package, “It was one of the smaller aid packages the Biden administration has announced and included no new types of weapons systems.”

    This trip to Ukraine is likely to be Austin’s last one there as Pentagon chief. CNN noted that it came amid a dark and pessimistic backdrop

    The secretary’s visit was also meant to serve as a moment for him to “step back” and look at the “arc” of the US-Ukraine relationship over the last two and a half years of war, a senior defense official said.

    It was not a victory lap, however. The Ukrainians are in a “very tough” situation against the Russians heading into winter, the official noted.

    There was one moment in Austin’s remarks clearly aimed at Trump and Republican lawmakers back home. Amid ongoing GOP criticisms, including calls to take care of Americans first amid natural disasters instead of handing billions over to Ukraine, the defense secretary tried to brush back these arguments…

    “For anyone who thinks that American leadership is expensive, well, consider the price of American retreat,” Austin said.

    “Not since World War II has America systematically rallied so many countries to provide such a range of industrial and military assistance for a partner in need.”

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    Zelensky last month lashed out at Trump running-mate J.D. Vance, calling him “too radical” for his stance on the war. The Ukrainian leader expressed that “the idea that the world should end this war at Ukraine’s expense is unacceptable.”

    Clearly Austin’s Monday words were framed in response to that controversy, and some GOP operatives are not going to be happy that the Pentagon chief used an official visit abroad to weigh in. But one question that remains is: How much for North Carolina?

    Tyler Durden
    Mon, 10/21/2024 – 19:40

  • Elon Musk Says He's "Upgrading Security" After Being Named "Enemy Number Two" By Media
    Elon Musk Says He’s “Upgrading Security” After Being Named “Enemy Number Two” By Media

    Authored by Steve Watson via Modernity.news,

    X owner Elon Musk says he is increasing his security after receiving “vitriolic” threats for endorsing president Trump.

    Appearing at a town hall event in Pittsburgh Sunday, Musk told the crowd about being pictured on the cover of Der Spiegel magazine, which labeled him ‘Public Enemy No. 2’ – behind Trump.

    “I’m like, enemy number 2 of what? Uh, democracy?” Musk told the crowd, adding “I mean I’m pro-democracy. I’m literally trying to uphold the Constitution and ensure we have a free and fair election.”

    Musk added, “I’m definitely upgrading my security,” quipping “Guess I better cancel that open-car parade.”

    The Tesla CEO admitted that he is a “little shook” by the “level of vitriolic hatred on the left.”

    “They claim they’re tolerant. And yet, they’re incredibly intolerant and spewing hate,”Musk said, adding “Whereas on the right I see people who tend to regard people on the left as, well, misguided. But they don’t hate them.”

    “But the amount of hate coming from the left is like, wow, next level,” he continued.

    Here’s the full event:

    Musk is no stranger to threats since taking over Twitter in an effort to preserve free speech.

    Musk has come under sustained attack since coming out for Trump.

    Deranged leftists, such as Mark Cuban, are openly advocating sanctioning Musk’s companies because of his political opinions.

    Musk has repeatedly warned that if Trump doesn’t win the election, it could be the last and that civilisation is on the line.

    *  *  *

    Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

    Tyler Durden
    Mon, 10/21/2024 – 19:15

  • "Democratic Party Big Gov't Machine" Explained In Flow Charts 
    “Democratic Party Big Gov’t Machine” Explained In Flow Charts 

    Tyler O’Neil, managing editor of The Daily Signal, has done a deep dive on the radical left’s complex, dark money networks – what Elon Musk calls the Democratic Party big government machine – which heavily influence the administrative state on issues like education, borders, climate change, transgender ideology, elections, foreign policy, and the weaponization of federal agencies against political enemies, like former President Trump and Musk.

    In a series of posts on X, O’Neil provides a 10,000 ft. view of this vast network which he details in his upcoming book, “The Woketopus: The Dark Money Cabal Manipulating the Federal Government.” 

    O’Neil begins with the question: 

    “Why is the Biden-Harris administration so woke? Didn’t Biden campaign as a moderate?” 

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    Continued from X:

    “This chart explains what happened. Bear with me: I know it looks like a conspiracy theory, but I have the receipts.

    In short: The Left’s dark money network funds a system of woke nonprofits that staff and advise the administrative state, getting their far-left policy agenda implemented in the federal government.” 

    One primary concern O’Neil has is the weaponization of federal law enforcement against conservatives, driven in part by the Southern Poverty Law Center.

    Here’s how that works: 

    One of the biggest issues for me has been the weaponization of federal law enforcement against conservatives.

    At the center of this is the Southern Poverty Law Center, a far-left smear factory that puts mainstream conservative and Christian groups on a “hate map” with the Ku Klux Klan. The SPLC targets organizations that oppose its far-left agenda on critical race theory, immigration, transgender issues, and more.

    SPLC President Margaret Huang has bragged that federal law enforcement reached out to the SPLC for advice on combatting the “domestic terror threat,” and FOIA documents reveal the extent of the SPLC’s influence in government. SPLC leaders and staff have visited the White House at least 18 times, according to visitor logs.

    The SPLC has also received funding from the Foundation to Promote Open Society, the Proteus Fund, the New Venture Fund, and the Tides Foundation.

    O’Neil shows the complex web of how Democrats and their billionaire funders, like Soros, and their leftist groups are trying a takeover of federal elections: 

    The vast influence campaign I call the Woketopus has also monkeyed with election rules. The leftist group Demos has extensive ties to the Biden-Harris administration.

    When the Senate failed to advance the Democrats’ H.R. 1 bill that would have amounted to a federal takeover of elections, Biden instead signed an executive order that echoed a Demos paper nearly word-for-word.

    This executive order enlisted federal agencies in registering voters, and early in the administration’s implementation of the order, the government convened a host of Woketopus groups — including SPLC, the Tides Foundation, and many others — to a “listening session.” Conspicuously absent was any conservative group or any group warning about election integrity.

    Here’s the influence network of how Democrats and their billionaire donors, such as Soros and Rockefeller Family Fund, push climate change policies via nonprofits that then influence federal agencies: 

    President Biden and VP Harris have repeatedly bragged about the “Inflation Reduction Act” as an historic investment in climate initiatives.

    The Biden-Harris administration has seen green activist groups infiltrate the federal government, using the bureaucracy as a revolving door and getting bureaucrats to implement their pet policies.

    One of the most notorious strategies they use is called “sue and settle.” An environmentalist group will sue a federal agency, claiming the agency failed to enforce the law by not regulating oil and gas enough. The agency, which is supposed to represent the American people, actually wants to regulate oil and gas more, so it denies the people a seat at the table. The agency admits fault, implements the green group’s preferred policy, and — to top it all off — often pays the green group money in a settlement.

    The Trump administration tried to crack down on this scheme, but the Biden-Harris administration reversed his efforts.

    And, of course, how billionaire donors use nonprofits to push foreign policy – including Israel, which is a horseshoe issue that both the progressive left and the libertarian-right agree on for somewhat overlapping reasons.

    While the Biden-Harris administration often favors the Woketopus’ agenda, some Woketopus groups have attacked Biden, and he has faced a deep state effort to undermine his policy supporting Israel.

    Of course, Biden’s record on Israel is far from perfect — he enriched Iran by loosening sanctions and trying to resurrect the Iran Nuclear Deal — but many bureaucrats rose in revolt when he publicly took Israel’s side after Oct. 7.

    Anti-Israel groups that tie in with the Woketopus network have pressured Biden to oppose Israel and to issue sanctions on Israelis. Many of the same dark money groups that funded organizations supporting the anti-Israel protests on college campuses have also bankrolled the Woketopus, and I detail their connections in my chapter on this effort. 

    But there’s more. Wonder where all the woke gender stuff came from?? 

    Why did the administration go all-in on transgender pronouns (even for illegal aliens), experimental “gender-affirming care,” and transgender rules for foster care?

    Well, the Human Rights Campaign’s Corporate Equality Index helps explain why Corporate America went woke, and HRC had a blueprint for federal policy, as well.

    Biden, Harris, and many others in the administration not only spoke at HRC event, but also met with HRC staff at the White House. How’s Biden’s equality score? I’ve got the answers in my book.

    O’Neil unravels the tangled web of far-left Democrats who exert influence the federal government via nonprofits to drive all sorts of policies nobody voted for – from green to woke to gender to foreign policy – the list goes on and on.

    More:

    Remember that fancy Constitution you learned about in school, with its nice checks and balances empowering the popular majority while protecting the rights of the minority? That’s not how it works today. Instead, a fourth branch of government writes reams and reams of regulations that dictate how you live your life. This system allows the woke elites to shove their ideology down our throats in the name of scientific progress.

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    Tyler Durden
    Mon, 10/21/2024 – 18:50

  • These Homeschooling Parents Are Raising Their 6 Kids Without Devices
    These Homeschooling Parents Are Raising Their 6 Kids Without Devices

    Authored by Anna Mason and Daksha Devani via The Epoch Times (emphasis ours),

    Instead of slurping from their cereal bowls and scrolling through their phones, Glade and Bethel Smith’s children start their day by eating breakfast as a family followed by a reading of the Bible.

    Illustration by The Epoch Times, Courtesy of Glade Smith

    The Smith kids—Madeline,13, Everett, 11, Annabeth, 10, Vivian, 7, Penelope, 6, and Henry, 3—are eager to read the verses but wait for their turn, after which they clean up the kitchen and get ready to start their day.

    We homeschool our kids,” 41-year-old Glade, from Nebraska, told The Epoch Times. “None of our kids have a phone or any electric devices. None of our kids play video games. [Instead] our kids love to read and love to use their imagination.”

    The Smith Family. Courtesy of Glade Smith

    Homeschooling and Helping Out at the Farm

    The kids begin their homeschooling day at 8.30 a.m. with their stay-at-home mom reading novels aloud that align with what they are learning at school, followed by a fun session of singing together.

    The Smith children, who read at least 25 to 30 books per year, are always begging for one more chapter to be read, said Glade, who owns Family Beef Farm Box—their family business that ships dry-aged, hand-cut beef across the country.

    The Smith Kids. Courtesy of Glade Smith

    If they complete their school work by lunchtime, the kids are encouraged to help their dad on the farm—with 3-year-old Henry, who isn’t in school yet, spending most of his time doing just that.

    “He’s probably our most animal lover of any of the kids,” Glade said, adding that the little boy loves milking cows and is not afraid of getting in there.

    Henry helping out at the farm. Courtesy of Glade Smith

    On Mondays, the older kids join Glade to pack beef boxes.

    In the last couple of years, the parents have instituted the idea of paid jobs, with each child getting paid some money for completing their daily chores.

    “My oldest daughter is in charge of some calves that need to be fed,” said Glade, who is also a multi-generational cattle producer and bred cattle marketing specialist with Wright Livestock. “My son is in charge of caring for 60 chickens. One of my younger daughters is in charge of gathering and washing eggs.”

    Courtesy of Glade Smith

    The Smith kids—who were introduced to farm life at birth— have shown a strong work ethic despite being young.

    Their proud father recalled a work trip to Oklahoma with his son, Everett, who won a fellow cattleman’s heart with his diligence.

    “We’re gathering several hundred head of cattle, sorting and loading trucks. One of these hard-working, blue-collar cattlemen was blown away watching my [son] running cattle around doing a good job and gave him a $20 bill,“ he said. ”A year later, my boy still has that $20 bill. That meant so much to him.”

    Packaging farm beef. Courtesy of Glade Smith

    Courtesy of Glade Smith

    Over the last year, Everett has worked laboriously in the muddy fields laying out heavy 30-foot-long tubes for irrigating crops in the scorching heat. His tireless efforts have won neighbors’ hearts with many asking Glade for his son’s assistance in irrigating their fields.

    “I was amused because I found myself being my son’s secretary, as neighbors were calling, [asking] ‘Can your son come help me today?’” Glade said, adding that he believes his hardworking son will become a “hot commodity” to farmers in the near future.

    Read the rest here…

    Tyler Durden
    Mon, 10/21/2024 – 18:25

  • SCOTUS Ends Michael Cohen's Latest Attempt To Take Down Trump
    SCOTUS Ends Michael Cohen’s Latest Attempt To Take Down Trump

    This morning, the Supreme Court rejected former Donald Trump attorney Michael Cohen’s appeal to bring back his civil rights claim against the former president.

    Cohen alleged former President Donald Trump, former Attorney General William Barr and other federal officials put him back in prison as retaliation for promoting a book critical of Trump.

    “[A]s it stands, this case represents the principle that presidents and their subordinates can lock away critics of the executive without consequence,” Cohen’s petition states.

    As Sam Dorman reports for The Epoch Times, Cohen had argued that two lower courts wrongly dismissed a claim that former President Donald Trump violated his rights by ending his prison furlough during the COVID-19 pandemic.

    According to Cohen’s petition, he had objected to a federal form that probation officers asked him to sign, which prohibited him from engaging with the media, including posting on social media.

    At the time, he was writing a book critical of the former president.

    Cohen’s attorney, Jon-Michael Dougherty, said the ruling “signals a dangerous moment in American democracy,” and raises questions about free-speech rights.

    Both Trump and the Justice Department filed briefs opposing Cohen’s petition.

    Cohen had attempted to claim a private right of action under the Supreme Court’s 1971 precedent in Bivens v. Six Unknown Federal Narcotics Agents.

    While that case upheld a cause of action related to unlawful search and seizures, Cohen asked the Supreme Court to consider whether it should apply to his circumstances.

    He alleged that he faced “retaliation for his refusal to waive his right to free speech.”

    U.S. Solicitor General Elizabeth Prelogar similarly raised concerns about separation of powers and argued that Cohen could have pursued alternative remedies such as the Bureau of Prisons’ Administrative Remedy Program.

    Trump told the court that Cohen’s attempt to expand the precedent under Bivens would disrupt the constitution’s separation of powers. He added that the doctrine of presidential immunity presented an “insurmountable obstacle” to Cohen’s claim.

    Trump attorney Alina Habba said the Supreme Court had correctly denied Cohen’s petition, and “he must finally abandon his frivolous and desperate claims.”

    Tyler Durden
    Mon, 10/21/2024 – 18:00

  • Left McTriggered After Trump Does Fun Publicity Stunt
    Left McTriggered After Trump Does Fun Publicity Stunt

    On Sunday, Donald Trump poked fun at Kamala Harris’ dubious claim that she ‘worked at McDonald’s and made fries,’ by going to a McDonald’s and making fries, plus working the drive-thru.

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    Ding, fries are done!

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    Memes have been made.

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    McTriggered!

    While most on the right thought it was a fun pre-election publicity stunt, it really triggered the left – which didn’t know what to do.

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    The sourpusses even posted a gotcha! Suggesting that because the McDonald’s closed for Trump’s event, the whole thing was staged. Well, duh. The guy was only almost assassinated twice (or thrice) and this is for fun.

    Reeeee!!!

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    Tim Walz had jazz hands of fury – and despite all the lies, insisting that Kamala Harris actually worked there. We’re sure he’s not lying this time too.

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    Even Matt Drudge opined (2016 Matt, blink twice if you need help).

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    Hilariously, The Atlantic‘s David Frum revealed he doesn’t know the difference between grilling and frying (and earned a nice ratio).

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    This is how you know the publicity stunt worked…

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    Tyler Durden
    Mon, 10/21/2024 – 17:45

  • Quantum Computer 'Threat' To Crypto Is Exaggerated… For Now
    Quantum Computer ‘Threat’ To Crypto Is Exaggerated… For Now

    Authored by Andrew Singer via CoinTelegraph.com,

    A report that Chinese researchers have employed a D-Wave quantum computer to breach encryption algorithms used to secure bank accounts, top-secret military data and crypto wallets is at first glance a matter for deep concern. 

    “This is the first time that a real quantum computer has posed a real and substantial threat to multiple full-scale SPN [Substitution-Permutation Network] structured algorithms in use today,” wrote Shanghai University scientists in a peer-reviewed paper, according to the South China Morning Post (SCMP) on Oct. 11.

    The paper talks about breaking RSA (Rivest-Shamir-Adleman) encryption, one of the oldest and widely used public-key cryptosystems.  

    Details about the latest research have been slow to emerge so it’s difficult to say for sure how dire the threat is to cryptocurrencies and blockchain technology. The paper had yet to be released in English as of Oct. 11, and researchers weren’t taking any interviews, supposedly “due to the sensitivity of the topic,” according to SCMP.

    But if the researchers’ results hold up, and can be duplicated by others, “it is a step forward” in the evolution of quantum computing, Marek Narozniak, a physicist with a background in quantum computing, and founder at sqrtxx.com, told Cointelegraph.

    Would it mean that the password-protection mechanisms used in many industries, including banking and cryptocurrencies, might soon be vulnerable, as many fear, however?

    “From the paper many details are missing, so it is difficult to provide a definite answer” with regard to its possible significance, Massimiliano Sala, Full professor and head of the Laboratory of Cryptography at the University of Trento, told Cointelegraph.

    Much depends on whether the scientists were able to break RSA keys of a certain size — i.e., keys as large as those used by banks to secure customer’s savings and checking accounts today. “There is no evidence of that,” said Sala.

    But if they had, it would be “huge,” he said.

    Quantum computing, (QC), which uses atomic “spin” instead of an electrical charge to represent its binary 1’s and 0’s, is evolving at an exponential rate, many believe. But full purpose QC devices have yet to emerge at scale.

    The D-Wave machines used in Shanghai, sometimes called quantum annealers, are really proto-quantum computers, or forerunners, capable of conducting specialized tasks only. 

    D-Wave 2X 1000 Qubit quantum annealing processor chip mounted and wire-bonded in its sample holder. Source: Mwjohnson0

    However, if and when universal quantum computers do emerge, they could threaten the elliptic curve cryptographic structure which has served Bitcoin and other cryptos very well until now, some worry.

    It could be only a matter of time before quantum computers will be able to identify the enormous prime numbers that are key constituents of a BTC private key — assuming no countermeasures are developed.  

    “However, we must keep in mind that D-Wave quantum computers are not general-purpose quantum computers,” added Sala. Moreover, D-Wave’s “ability to factor RSA keys was already established by one of my colleagues a few months ago,” he said.

    Takaya Miyano, professor of mechanical engineering at Japan’s Ritsumeikan University, also questioned the significance of the scientists’ results — and along similar lines as Sala. 

    The length of the integer that the Shanghai researchers factorized, 22 bits, “is much shorter than that of actual RSA integers, which is usually equal to or greater than 1024 bits, e.g, 1024, 2048, and maximally 4096 bits,” he told Cointelegraph.

    Moreover, “the D-wave machine is a kind of quantum simulator for solving optimization problems, not a universal computer,” Miyano added. It isn’t clear that it would be able to conduct rapid factorization of large RSA integers in the real world.

    Why prime factorization is important

    Factorization is a mathematical process where a number can be written as the product of smaller whole numbers. For instance, 12 can be factorized, or written, as 3 x 2 x 2. Efficient prime number factorization has been called “the holy grail” of breaking a RSA public-key cryptosystem.

    RSA is more than encryption, after all. It is also a ‘key’ generation scheme that typically involves multiplying large prime numbers. Two parties — a bank and its customer, for example — typically receive a set of prime numbers that are used to compute their private and public keys, Narozniak explained.

    The process of actually generating private and public keys is complex, but if ‘p’ and ‘q’ are prime numbers, and ‘n’ is the product of those two prime numbers (i.e., n = p x q), then one can say that p and q are related to the private keys and n is related to the public key. 

    The basic mathematical principle behind RSA encryption is that while it is easy to multiply two prime numbers, it is very difficult to do the reverse, i.e., find the two prime numbers that are factors of a product — and this becomes harder as the numbers get larger. 

    Sala’s University of Trento colleagues earlier this year used a quantum annealer to uncover the two prime factors of the number 8,219,999 (i.e., 32,749 and 251) “which, to the best of our knowledge is the largest number which was ever factorized by means of a quantum device,” wrote the researchers.

    In Sala’s view the recent Shanghai University paper is significant “only if they have found a way to factorize huge numbers.” 

    The University of Trento researchers also cited the great potential of quantum computing to solve complex problems that have long remained “intractable” for classical computers. 

    Prime factorization — i.e., the problem of breaking down a number into its prime factors — in particular, “is a good candidate to be effectively solved by quantum computing, in particular by quantum annealing.” 

    Crypto keys are safe — For now

    Let’s assume, however, that the Shanghai scientists really did find a way to use a quantum annealer to successfully breach cryptographic algorithms, including those like SPN which are foundational for the advanced encryption standard (AES) widely used in the military and finance. What would that do to the crypto industry?

    “Symmetric ciphers such as AES-128 used for data encryption are not vulnerable to this kind of attack as they do not rely on number factorization,” said Narozniak.

    There might be exceptions, of course, like if the cipher is a shared secret derived via RSA-based key exchange protocol, he continued. But “properly encrypted passwords and other data in general will remain encrypted even if the approach presented in that research scales up and becomes widely available — and if true,” he said. 

    A history of unproven RSA claims

    Narozniak cautioned against rushing to conclusions. “Before we re-evaluate our level of optimism, let us wait for someone to repeat and confirm this result,” he said. “Claims of breaking RSA are not so uncommon.” 

    In early 2023, for instance, Chinese researchers said they had factorized a 48-bit key on a 10-qubit quantum computer, a claim “which still has not been peer reviewed,” commented Narozniak. 

    “And two years before that Claus Schnorr, who is an authority in the community, made an honest mistake and claimed RSA to be broken. I personally take such big claims with a grain of salt.”

    According to Sala: “Breaking RSA would mean that a lot of software should be updated, but not drastically changed,” because there are already-implemented standards that provide alternatives including elliptic curve cryptography (ECC), used to secure Bitcoin. He added:  

    “More drastic would be the impact on credit cards and the like, which would have to be withdrawn massively, to radically change their software.” 

    One might wonder why cryptocurrencies are not using RSA widely — as banks do. The crypto industry favors elliptic-curve cryptography because ECC makes it possible to achieve the same level of security with much smaller keys using fewer bytes, said Narozniak. This opens up digital space which enables chains to grow faster. 

    Is Buterin’s ‘hard fork’ solution viable?

    Elsewhere, Ethereum co-founder Vitalik Buterin suggested in March that a “hard fork” could subvert a quantum attack on Ethereum were it to arise. “We are already well-positioned to make a pretty simple recovery fork to deal with such a situation,” he posted on Oct. 17. Users might have to download new wallet software, but few would lose funds.

    Is it really so easy, though? “I disagree that such a hard fork would be ‘simple,’” said Narozniak. And looking ahead, quantum-safe signatures, such ML-DSA, would need to have significantly larger keys and signatures compared with those used today. This could slow on-chain performance and raise gas fees, he suggested.

    Executing a hard fork would “be complex, require broad community consensus, and may not restore all lost assets or fully repair trust in the network,” Samuel Mugel, chief technology officer at Multiverse Computing, told Cointelegraph. “Therefore, it’s crucial to implement quantum-resistant cryptography before such an attack happens to avoid this situation.”

    Safeguards are needed

    “We most certainly need to revisit our current cybersecurity defenses,” Christos Makridis, associate research professor at Arizona State University and CEO/Founder of Dainamic, told Cointelegraph. 

    More attention needs to be paid to network capacity loads (i.e., defending against distributed denial of service attacks) and to passwords (e.g., to protect data from hackers) in a world with quantum computing. He further observed:

    “One of the emerging views is that the expansion of quantum computing and generative AI has enabled offensive cyber more than defensive.”

    The industry can’t become complacent. “Dangerous quantum computers will come, it’s just a matter of time,” Sala warned. 

    “The blockchain world must get ready as soon as possible, by planning a roadmap towards a transition to post-quantum cryptography,” he added, developing safeguards able to resist attack even by a “fully-fledged quantum adversary.”

    Tyler Durden
    Mon, 10/21/2024 – 17:40

  • New Israeli Air Raids Unleash Giant Fireballs, Chaos In Beirut
    New Israeli Air Raids Unleash Giant Fireballs, Chaos In Beirut

    (1736ET): Before and after midnight (local time), huge Israeli strikes are once again rocking southern Beirut suburbs, with reports of large strikes hitting very near hospitals. 

    Early videos of some of tonight’s airstrikes show absolutely massive fireballs expanding high over the city, amid another night of panic on the ground, and as hospitals are filling up.

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    Local media has indicated at least 13 raids in the last hours, and Lebanon’s health ministry said that at least four have been killed in the fresh attacks:

    Lebanon’s Health Ministry says one of those killed was a child.

    Twenty-four people also were wounded in an initial toll following the Israeli attack near Rafik Hariri Hospital in southern Beirut, the ministry said.

    Sahel Hospital in the southern suburbs of Beirut is also being threatened, with Israel’s military claiming that Hezbollah uses the facility to store cash and gold.

    Massive Monday night strikes, via X

    Al Jazeera has listed the following late-breaking updates as follows:

    • Israeli forces have bombed the vicinity of Rafik Hariri Hospital in Beirut’s southern suburbs, Lebanon’s National News Agency is reporting.
    • According to local media reports, Israeli air strikes have targeted three locations: Ozai, Jinah and Haret Hreik.
    • Lebanon’s Sahel General Hospital in Beirut’s southern suburbs is being evacuated after Israel claimed that Hezbollah has a bunker filled with cash under it, the hospital director says.
    • Hezbollah has released a statement saying it launched rockets at an Israeli army intelligence base near Tel Aviv.
    • The director of field hospitals at Gaza’s Health Ministry says Israel is targeting the three remaining medical facilities in northern Gaza.
    • The Israeli army spokesperson claims that a strike in Syria’s capital killed the commander of a Hezbollah unit who was responsible for the transfer of weapons from Iran.

    * * * 

    Israel on Sunday night began fresh, heavy airstrikes on Beirut’s southern suburbs as well as in the Bekka Valley in the east of Lebanon, for the first time declaring it would target banks suspected of financing Hezbollah.

    “The air force will launch extensive strikes on targets in the southern suburb of Beirut, targeting Hezbollah-linked economic assets,” IDF spokesman Daniel Hagari said as strikes were underway. Buildings that belong to al-Qard al-Hassan Association are at the top of the list, identified by the Israelis as long associated with the Shia paramilitary group backed by Iran.

    Smoke rises from explosions near Beirut Rafic Hariri International Airport, Oct. 20, 2024 in Beirut. CBS/Getty Images

    With at least 30 branches across Lebanon, and 15 Beirut locations in bustling neighborhood, al-Qard al-Hassan Association is also used by many Lebanese civilians.

    The US-sanctioned bank has been around since the 1980’s and is focused on providing services to Lebanon’s Shiite community, which is mostly concentrated in the south.

    “The purpose of the strike is to target the ability of Hezbollah to function both during the war but also afterwards to rebuild and to rearm the organization on the day after,” an Israeli military statement continued.

    Some dozen large airstrikes rocked Beirut’s southern suburbs last night, including one or more which were very near Beirut International Airport, reportedly targeting the bank branches.

    The bank has sought to assure its customers it has taken “all of the necessary procedures since the beginning of the war to safeguard your deposits and valuables and can confirm that you should not worry they are safe.”

    A regional analyst was quoted in The Wall Street Journal as follows:

    “The main loss for the people using its services will be the destruction of family gold they pawned in exchange for loans,” said Lina Khatib, director of the SOAS Middle East Institute and author of a study of Hezbollah’s influence networks.

    “But for as long as Hezbollah’s external financial operations remain active, including its involvement in illicit finance internationally, and as long as Iran continues to fund it, Al-Qard Al-Hassan’s clients will expect Hezbollah to be able to compensate them for their losses,” she said.

    The Lebanese Health Ministry said over the weekend that at least 2,464 Lebanese have been killed since hostilities began in Oct.2023; however, it remains unclear how many of that figure are combatants vs. civilians.

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    The whole region remains on edge awaiting Israel’s retaliation against Iran, which US intelligence has said is “almost certainly” going to happen. A Bloomberg note indicates:

    Oil prices bounce back from last week’s steep fall with Brent crude futures climbing 1.3% to around $74 a barrel. Traders are likely monitoring tensions in the Middle East after Israeli PM Netanyahu held a series of meetings with top security aides to discuss the next attack on Iran. Israel is discussing its attack on Iran after a Hezbollah drone exploded near Prime Minister Benjamin Netanyahu’s private home at the weekend.

    Below are more regional developments via Newsquawk…

    • Israeli PM Netanyahu said a drone attack which targeted his home in northern Israel was a “grave mistake”, while he and his family were not at their house when the drone attack struck on Saturday and there were no casualties.
    • Israeli PM Netanyahu spoke with former US President Trump and told him that Israel considers the issues the US administration raises but will make decisions based on its national interests.
    • Israel’s military said it attacked Hezbollah’s intelligence HQ and weapons storage facilities in the southern suburbs of Beirut on Saturday. It was also reported that Israel conducted a fresh raid on the southern suburbs of Beirut on Sunday, as well as targeted the city of Tyre and the towns of Bir al-Salasil and Homine al-Fawqa in southern Lebanon.
    • Israeli military spokesperson had warned on Sunday that they would conduct targeted strikes on sites belonging to Hezbollah’s financial arm across Lebanon and urged Lebanese residents to evacuate areas near those facilities, while it was later reported that Israeli strikes hit branches of Hezbollah-linked bank in Beirut and Beqaa Valley, according to Times of Israel.
    • Hezbollah announced it conducted a rocket barrage at Beit Hillel base, while it was separately reported that Iraqi armed factions announced the targeting of an Israeli military site in the Golan with drones.
    • Israel gave the White House its demands for ending the war in Lebanon, while US President Biden’s envoy Amos Hochstein will visit Beirut on Monday to discuss a possible diplomatic solution with Lebanese officials, according to Axios. The report noted one Israeli demand is that IDF be allowed to engage in “active enforcement” to ensure Hezbollah doesn’t rearm and Israel also demands its air force have freedom of operation in Lebanese airspace, although a US official said it is highly unlikely Lebanon and the international community would agree to Israel’s conditions.
    • Iran’s Supreme Leader said Hamas leader Sinwar’s death will not halt the axis of resistance and Hamas will live on.
    • Iranian Foreign Minister Araghchi alluded to the US and warned that anyone who knows how and when Israel will attack Iran will be held accountable, according to Reuters.
    • US House Speaker Johnson said on Sunday that there would be a classified briefing related to leaked US intelligence on Israel-Iran, according to Reuters.
    • US Defence Secretary Austin said he would like to see Israel scale back on some of its strikes in and around Beirut, while he raised the issue about UNIFIL security with Israel’s Defence Minister Gallant. Furthermore, Austin reviewed the US defence posture and said he is relieved that PM Netanyahu is safe, while he said he couldn’t confirm reports that North Korean troops are in Russia and readying for combat in the Ukraine war, according to Reuters.
    • UN peacekeeping force UNIFIL said an Israeli army bulldozer demolished a watchtower and fence surrounding the UN site in southern Lebanon on Sunday, according to Reuters.
    • G7 defence ministers reaffirmed the importance of supporting UNIFIL and the Lebanese armed forces in their role of ensuring the stability and security of Lebanon, while they called on Iran to refrain from providing support to Hamas, Hezbollah, Houthis and other non-state actors. Furthermore, they called on Houthis to immediately cease their escalatory measures that increase regional instability and immediately release the vessel Galaxy Leader and its crew.

    Tyler Durden
    Mon, 10/21/2024 – 17:36

  • A Media Beyond Caricature
    A Media Beyond Caricature

    Authored by Victor Davis Hanson,

    CBS’s iconic 60 Minutes has had plenty of scandals and embarrassments in its long 57-year history, most notably the fake-but-accurate Dan Rather mess. Yet never has it found itself in greater disrepute than in 2024.

    Donald Trump, for good reason, recently declined to join 60 Minutes for its traditional election-year in-depth interviews of the two presidential candidates. Why?

    Last time he consented in 2020, anchor and interviewer Leslie Stahl attacked Trump’s accurate assertion that the Hunter Biden laptop (then in the possession of the FBI) was authentic—and authentically damning to Joe Biden’s presidential candidacy.

    Stahl falsely claimed the laptop “can’t be verified.” She further incorrectly asserted, “So this story about Hunter and his laptop, some repair shop found it; the source is Steve Bannon and Rudy Giuliani.” The New York Post, in fact, reported the story. The FBI did not deny it.

    Yet old Twitter and Facebook, under collaborating FBI tutelage and pressure, suppressed dissemination of the truth. Joe Biden’s then-advisor and now Secretary of State Antony Blinken, in conjunction with former interim CIA Director Michael Morrel, helped round up “51 former intelligence authorities” (among them Leon Panetta and both John Brennan and James Clapper, who had admitted previously of lying under oath to Congress) to claim falsely that the laptop had all the hallmarks of a Russian information gambit to warp the election.

    Joe Biden used the “expert” consensus to further lie in the last Biden-Trump debate that the laptop was cooked up by the Russians. And neither CBS, the “intelligence authorities,” nor any of the Bidens have ever since apologized.

    More recently, CBS got caught selectively editing the 60 Minutes interview with Kamala Harris, cutting and pasting an incoherent Harris response to lessen her embarrassing word salad. And in a subsequent interview with House Speaker Mike Johnson, the network once again edited and pruned his answers, but in contrast, on this occasion, to make him seem far less persuasive.

    In yet another current CBS interview with author Ta-Nehisi Coates, network host Tony Dokoupil honestly questioned Coates about his new, one-sided, anti-Israeli book The Message. The result was that the left-wing icon Coates was almost immediately revealed to be abjectly ignorant of the Middle East, unapologetically biased, and completely uninterested in any viewpoint other than his own partisan prejudices.

    Yet what followed proved yet another network embarrassment. An internal CBS division with the eerie Orwellian title of “CBS News Race and Culture Unit” attacked Dokoupil for not providing “context” for Coates’s self-condemnatory and embarrassing interview. The subtext was that CBS, under pressure from woke zealots, simply disowned Dokoupil and sought to subject him to correct thought training. His apparent crime was not insisting on different—softball—journalistic standards for woke black authors like Coates. In other words, CBS blamed Dokoupil for revealing Coates to be a fool on the air.

    The network further diminished its eroding reputation yet again through the unprofessional conduct of recent moderators Norah O’Donnell and Margaret Brennan during the J.D. Vance/Tim Walz vice presidential debate.

    After the earlier ABC-sponsored debate between presidential candidates Donald Trump and Kamala Harris, in which the moderators became partisan fact-checkers (and often wrongly so) of Trump alone and drilled him on follow-up questions in a way not accorded Harris, CBS promised not to repeat such a network embarrassment. So, it pledged not to fact-check the two vice presidential candidates and instead to present a “fair” moderation of the event.

    Instead, the CBS moderators were even more patently one-sided than the prior disastrous ABC performance. The two broke their own pre-debate rules by indeed fact-checking. But, even worse, they fact-checked Vance alone. And, once again, did so erroneously in a way that only exposed their unprofessional partiality.

    Given the prior ABC debate sham, CBS was supposedly determined not to turn off the public with more moderator partisan distortions. Instead, the network proved that if it was a question of further eroding its professional brand or helping elect the Harris/Walz progressive ticket, then CBS would predictably choose to jettison its reputation to further the progressive cause.

    Just as CBS is no longer the network television standard, so too has the current generation of partisans done their best to sully the New York Times. Within just a few days, the Times embarrassed itself in ways similar to the partisanship so toxic at CBS.

    The Times just published an op-ed, “65 Doctors, Nurses and Paramedics: What We Saw in Gaza.” What followed were testimonials from medical officials and doctors in Gaza with truly harrowing stories of Israel’s collateral damage and the shooting of civilians, accompanied by X-ray photos of small children with IDF bullets allegedly lodged in their bodies and heads.

    But even if one was not aware of the fables promulgated by Hamas and the history of propagandistic attacks on Israel, and even if there was no corroboration of how the victims died and under what conditions, a novice might have sensed that something was not quite right with the evidentiary X-rays.

    Experts pointed out that the embedded bullets in the scans appeared pristine, without any fragmentation after entering skulls or midriff sections. There were no apparent entry and exit wounds on the images—suggesting either that it was unlikely the bullets came from IDF-issued high-velocity weapons or that the X-rays might simply have been rephotographed with IDF bullets placed beneath them. In any case, the New York Times did not cite any expert outside reviewer to authenticate the scans.

    Recently, the New York Times again rushed to partisan judgment to persuade the public that current charges of abject plagiarism by presidential candidate Vice President Harris were baseless. Accusations arose that Harris and her coauthor in a past book on crime had plagiarized a number of sources multiple times.

    Yet the Times claimed the copying was minor and did not rise to the level of actionable plagiarism. It “proved” this by quoting a plagiarism “expert,” Jonathan Bailey, who, it implied, had consulted all the alleged plagiarism passages.

    But once the public saw just a few of the passages in question, almost immediately it concluded otherwise: that Harris and her co-author were indeed plagiarists. That forced Bailey, the original Times expert, to reconsider his initial opinion: “At the time, I was unaware of a full dossier with additional allegations, which led some to accuse the New York Times of withholding that information from me. However, the article clearly stated that it was my ‘initial reaction’ to those allegations, not a complete analysis.”

    Bailey then concluded that Harris had indeed committed plagiarism but not “maliciously” so. Once again, the Times had not verified its assertions before publication, and once again it had erred on the side of its known partisanship.

    The Times and CBS are just a small example of current once-prestige outlets—such as ABC (cf. its moderators during the Harris-Trump presidential debate) and NPR (that just retracted its scurrilous charges against journalist Rich Lowry)—who have consistently abused the public’s trust for the partisan benefit of progressives or their causes.

    In sum, the trust and prestige that took prior generations of journalists decades to earn have been thrown away in just a few years by incompetents and partisans—on the ancient, flawed principle that the supposedly superior moral ends justify any means necessary to achieve them.

    Tyler Durden
    Mon, 10/21/2024 – 17:00

  • Democrat Atlantic City Mayor Charged With Beating His Daughter
    Democrat Atlantic City Mayor Charged With Beating His Daughter

    Democrat Atlantic City mayor Mayor Marty Small Sr. and his wife, La’Quetta Small have been charged with physically harming their daughter on “multiple occasions” last winter, according to a new report from Philly Voice

    The pair are facing charges of child endangerment, assault and terroristic threats, the report says. 

    Attorneys for the mayor and his wife call the charges “headline-grabbing” due to his “high profile status”, though to be fair, prior to this report…we’d never heard of him. 

    Attorney Ed Jacobs said: “We are confident that fair-minded jurors will quickly see that parenting struggles are not criminal events, and will agree on the innocence of both Marty and La’Quetta.”

    Atlantic County prosecutors accused Small of beating his 16-year-old daughter with a broomstick, slamming her down stairs, and punching her during family disputes in December and January. His wife is accused of punching their daughter, dragging her by the hair, hitting her with a belt, and striking her face.

    The incidents allegedly arose from conflicts over the girl’s boyfriend, who provided prosecutors with photos, videos, and evidence of the abuse and resulting bruises.

    Photo: USA Today

    Gov. Phil Murphy said through a spokesperson that Small should “consider whether he can continue effectively serving the people of Atlantic City as Mayor.”

    The Philly Voice report says that after prosecutors searched the Smalls’ home in March, Mayor Marty Small held a press conference – of course suggesting the investigation might have “political and racial motivations”.

    Constance Days-Chapman, Small’s former campaign manager and principal of Atlantic City High School, is charged with failing to report child abuse and obstructing justice.

    She allegedly did not notify child protection authorities after the Smalls’ daughter disclosed the abuse to her. Days-Chapman pleaded not guilty at her arraignment last week.

    If only Smalls had the same commitment to discipline with cleaning up Atlantic City…

    Tyler Durden
    Mon, 10/21/2024 – 16:40

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Today’s News 21st October 2024

  • Escobar: The Geoeconomic Drivers Of SCO-BRICS Synergy
    Escobar: The Geoeconomic Drivers Of SCO-BRICS Synergy

    Authored by Pepe Escobar,

    One week before the absolutely crucial BRICS summit in Kazan, the Shanghai Cooperation Organization (SCO) held a summit in Islamabad.

    This convergence is important in more ways than one.

    The summit in Pakistan involved the Council of the Heads of Government of SCO member-states. Out of it came a joint communique stressing the need to implement decisions taken at the SCO annual summit last July in Astana: that’s where the heads of state actually gathered, including new SCO full member Iran.

    China, following the rotating SCO chairmanship of close ally Pakistan – now under a dodgy administration fully endorsed by the military goons who keep ultra-popular former Prime Minister Imran Khan in jail – has officially taken over the SCO presidency for 2024 to 2025. And the name of game, predictably, is business.

    The motto of the Chinese presidency is – what else – “action”. So Beijing took no time to start promoting further, faster synergy between the Belt and Road Initiative (BRI) and the Eurasia Economic Union (EAEU), whose predominant power is Russia.

    Cue to the Russia-China strategic partnership fast advancing trans-Eurasia economic corridors. And that brings us to a couple of key connectivity subplots featured prominently at the Islamabad summit.

    Riding the steppe

    Let’s start with the fascinating Steppe Road – which is a Mongolian idea crystalizing as an upgraded economic corridor. Mongolia is an observer at the SCO, not a full member: reasons for it are quite complex. Still, Russian Prime Minister Mikhail Mishustin raved about the Steppe Road with his SCO interlocutors.

    The Mongolians came up with the idea of a Taliin Zam (“Steppe Road” in Mongolian) back in 2014, containing no less than “Five Great Passages”: a maze of transport and energy infrastructure to be built with investments totaling at least $50 billion.

    These include a 997 km-long transnational expressway linking Russia-China; 1,100 km of electrified railway infrastructure; the expansion of the – already running – Trans-Mongolian Railway from Sukhbaatar in the north to Zamyn-Uud in the south; and Pipelineistan of course, as in new oil and gas pipelines linking Altanbulag in the north to Zamyn-Uud.

    Mongolian Prime Minister Oyun-Erdene Luvsannamsrai was as enthusiastic as Mishustin, announcing that Mongolia has already finalized 33 Steppe Road projects.

    These projects happen to neatly align with Russia’s own Trans-Eurasian Corridor – a connectivity maze which includes the Trans-Siberian Railway, the Trans-Manchurian Railway, the Trans-Mongolian Railway and the Baikal Amur Mainline (BAM).

    Back in July at the SCO summit, Putin and Mongolian President Ukhnaagiin Khurelsukh spent quite some time discussing the finer strategic points of Eurasian logistics.

    Then Putin visited Mongolia in early September for the 85th anniversary of the joint Soviet-Mongolian victory over the Japanese at the Khalkhin Gol River. Putin was received as a rock star.

    All that makes perfect strategic sense. The Russia-Mongolia border is 3,485 km-long. The USSR and the Mongolian People’s Republic established diplomatic relations over a century ago, in 1921. They have been working together on key projects such as the Trans-Mongolian gas pipeline – yet another Russia-China connection; modernization of the Ulaanbaatar Railway joint venture; Russia supplying fuel to the new Chinggis Khaan International Airport; and Rosatom building a nuclear power plant.

    Mongolia harbors the proverbial wealth of natural resources, from rare earth minerals (reserves may reach an astonishing 31 million tons) to uranium (prospective reserves of 1.3 million tons). Even as it applies what is called the Third Neighbor approach, Mongolia needs to maintain a careful balancing act, as it is on the radar non-stop of the US and the EU, with the collective West pressing  for less Eurasia cooperation with Russia-China.

    Naturally Russia holds a major strategic advantage over the West, as Moscow not only treats Mongolia as an equal partner but can provide its neighbor’s needs when it comes to energy security.

    What makes it all even more enticing is that Beijing envisions the Steppe Road as “highly consistent” with BRI, complete with the proverbial enthusiasm hailing the synergy and “win-win cooperation” between both projects.

    This is not a military alliance

    Complementing the Steppe Road drive, Chinese Premier Li Qiang went to Pakistan not only for the SCO summit but with a connectivity priority: advancing the next stage of the $65 billion China Pakistan Economic Corridor (CPEC), arguably BRI’s flagship project.

    Li and his Pakistani counterpart Sharif finally inaugurated the strategically crucial, Chinese-financed Gwadar International Airport in southwest Balochistan – against all odds plus intermittent raids by CIA-funded separatist Baloch guerrillas.

    CPEC is an extremely ambitious multi-level infrastructure development project encompassing several nodes starting from the China-Pakistan border in the Khunjerab pass, down through the – upgraded – Karakoram highway and descending south across Balochistan all the way to the Arabian Sea.

    In the future CPEC may even include a gas pipeline from Gwadar going up north all the way to Xinjiang – further easing China’s reliance on energy transported across the Strait of Malacca, which could be blocked by the Hegemon in no time.

    The pre-BRICS SCO summit in Pakistan once again reiterated the synergy of several aspects concerning both multilateral bodies. SCO member states – from the Central Asians to India and Pakistan – overwhelmingly understand Russian reasoning when it comes to the inevitability of the Special Military Operation (SMO).

    The Chinese position, officially, is a marvel of equilibrium and suave ambiguity; even as Beijing stresses the support for the principle of national sovereignty, it has not condemned Russia; and at the same time it has never directly blamed NATO for the de facto war.

    Geoeconomic connectivity is very much the priority for top SCO powers and strategic partners Russia-China. Since the early 2000s the SCO has evolved from counter-terrorism to  geoeconomic cooperation. Once again in Islamabad it was clear that the SCO will not turn into a military alliance in an anti-NATO mold.

    What matters most now for all members, apart from geoeconomic cooperation, is to combat the West’s war of terror – bound to go on overdrive with the imminent, humiliating failure of Project Ukraine.

    A mechanism that could further solidify the SCO and pave the way for a merger with BRICS further on down the – rocky – road is the Chinese concept of Global Security Initiative, which happens to dovetail with the Russian concept presented to – and rejected by – the US in December 2021, only two months before the inevitability of the SMO.

    China proposes to “uphold the principle of indivisible security” as well as “build a balanced, effective and sustainable security architecture” and firmly oppose “the building of national security on the basis of insecurity of other countries”. That’s something that every member of the SCO – not to mention BRICS – subscribes to.

    In a nutshell, indivisibility of security as envisaged by Russia-China amounts to the de facto application of the UN Charter. The result would be peace on a global level – and by implication the death knell to NATO.

    While indivisibility of security still can’t be adopted Eurasia-wide – as the Hegemon deploys a war of terror in several fronts to undermine the emergence of a multi-nodal world – win-win cross-border connectivity keeps on rolling, from the Steppe Road to New Silk Road corridors.

    Tyler Durden
    Mon, 10/21/2024 – 02:00

  • The Strategic Consequences Of Kamala Harris' Incompetence
    The Strategic Consequences Of Kamala Harris’ Incompetence

    Authored by James E. Fanell and Bradley A. Thayer via Americvan Greatness,

    Vice President Kamala Harris’s disastrous performance in her interview with Fox News’s Bret Baier was notable for two reasons.

    • First, to the degree that there was any discussion of foreign national security threats to America, Harris only mentioned Iran. She failed to mention the disastrous war in Ukraine, where more than a million are dead, and the threat of nuclear war exists. Harris failed to reconcile her administration’s billions in dollars of military and civilian aid to Ukraine and policy actions against Russia for the most significant military threat in Europe since the end of World War Two. Worse though was her failure to make any reference to the existential threat from the Chinese Communist Party (CCP) and the People’s Republic of China (PRC).

    • Second, her performance in response to salient questions—ones that had the chance to inform American voters—was an amalgamation of incoherence, anger, and deception that revealed a candidate who is uniquely unsuited to be president of the United States. The fact that she is the Democratic candidate and might become president is alarming to America’s friends, as it is welcomed by America’s enemies.

    In the interview, she had the opportunity to discuss her analysis of threats to America. While Iran is certainly a regional danger and a threat to the U.S. and its allies in the Gulf, Saudi Arabia, and Israel, it pales in comparison to the existential threat of the CCP. Indeed, Iran and Russia would be far less of a concern if the CCP were not given a free hand to back these aggressor nations. That the PRC is a grave and fundamental threat is revealed by its hyper-aggressive policies against the American people, U.S. allies like Japan and the Philippines, and partners like India and Taiwan.

    An example of the CCP’s threatening military posture was put on display when Exercise Joint Sword 2024B launched on October 14, in which People’s Liberation Army (PLA) forces encircled Taiwan to coerce its new leader, President Lai Ching-te, into a posture of subservience to the PRC. Thus far, those coercive attempts have failed. But Joint Sword 2024B revealed three aspects of the growing PRC threat. First, it showed the increasing capabilities of the PRC. Second, it demonstrated the ever-increasing penetrations of Taiwanese air and seaspace in an effort to normalize those violations and mask the actual invasion when it comes. Third, the first participation of the Chinese Coast Guard in the encirclement of Taiwan occurred.

    • First, with respect to the increased capabilities of the PLA Navy, it should be noted that their first aircraft carrier, Chinese Navy Ship (CNS) Liaoning/CV-16, conducted 90 fixed-wing take-offs and recoveries and 50 more from their embarked helicopters during their operations in the exercise. That is 140 sorties from a PLA Navy aircraft carrier in just one day. By any measure, the PLA Navy’s carrier aviation capabilities are now approaching U.S. Navy aircraft carrier air wing levels in terms of the number of sorties. It is the case that PLAN aircraft have a more limited range and weapons capacity than their U.S. Navy counterparts, due to the Liaoning’s ski-ramp launch, but the fact remains that within just two years, the Liaoning has gone from launching an average of just 30 sorties a day in 2022 to a 140 today. That is a real strategic trendline that presidential candidate Harris demonstrated no awareness or strategy to counter.

    • Second, regarding PLA incursions into Taiwan’s air and seaspace, exercise Joint Sword 2024B provides another inflection point in the PRC’s dramatic transformation of the military status quo in the cross-strait environment. During the exercise, Taiwan’s Ministry of National Defense reported that it detected a total of 153 PLA aircraft, 14 PLAN ships, and 12 Coast Guard ships operating around Taiwan and that 111 of those aircraft crossed the centerline of the Taiwan Strait and entered Taiwan’s air defense identification zones from the west, southwest, and east. To put that into perspective, from 1954 to 2020, PLA aircraft only crossed the centerline four times. This pattern of PLA air force incursions across the centerline began in earnest in 2022 when the PRC’s Ministry of Foreign Affairs announced that the PRC no longer recognized the centerline—a clear violation of the previous agreements between Beijing, Taipei, and Washington to not forcibly alter the status quo. Yet since then, and now with exercise Joint Sword 2024B, the Biden-Harris administration has made no mention of this hyper-aggressive behavior by Beijing or taken any actions to rectify it.

    • Third, the Joint Sword 2024B exercise was unique in that it demonstrated the use of non-PLA ships from the Chinese Coast Guard (CCG) in this PLA-led exercise. Taiwan’s Ministry of Defense reported up to 17 CCGs were detected operating in the waters off Taiwan, or as the PRC’s Global Times noted, the “CCG conducted multi-unit, multi-formation, and multi-subject drills around the island of Taiwan, focusing on strengthening the control network around the island.” The implications of these unprecedented actions by the CCG are to demonstrate that the CCP’s strategy to bring Taiwan under its control, either by blockade or an outright invasion, will use the entirety of the PRC’s assets—a whole of government effort. These facts at sea demonstrate that the PRC’s 2019 declaration of a “People’s War” against the United States is not just propaganda but is advancing in tangible ways.

    Americans need to understand the scope and scale of the CCP’s grand strategy as evidenced by the PLA Navy and the CCG’s demonstrated actions during exercise Joint Sword 2024B. The evidence is undeniable: the CCP intends for the PRC to become the dominant naval force, not just in Asia but across the globe.

    This reality comes against the backdrop of a Biden-Harris administration that keeps downsizing the size and capabilities of the U.S. Navy.

    So, when Bret Baier asks candidate Harris what America’s number one foreign adversary is and there is no mention of the PRC, Americans know this candidate is not competent to assume the office of the Presidency. Americans need to pay attention because U.S. national security is on a knife’s edge—to the U.S., the CCP is a hyper-aggressive regime that is determined to realize its grand strategic objective of dominance. Yet Harris displays no strategic gravitas. She evinces no evidence of the seriousness of the situation or of an understanding that deterrence of the CCP’s hyper-aggression is on her shoulders—let alone having a plan to address this threat.

    Deterrence of the CCP is everything. If it fails, this country will be at war with the PRC. Harris appears oblivious to the demands and requirements of deterrence. Accordingly, before the PRC blockades or invades Taiwan or launches an attack against the Philippines in the South China Sea, Americans must have a president sitting behind the Resolute Desk in the Oval Office who has the knowledge, experience, and courage to prepare our nation for the demands of deterrence of the CCP’s aggression. It must have a president who signals in stark and no uncertain terms to the CCP that their aggression is certain to fail—and so they had better not try it in the first place. A president who not only can talk tough but has the wherewithal to rebuild the U.S. deterrent. The catechism of deterrence is straightforward: weakness invites aggression; strength deters it. Americans must elect a president who understands this catechism and so defends our nation from all threats—most especially from the existential threat of the PRC.

    Tyler Durden
    Sun, 10/20/2024 – 23:55

  • Left McTriggered After Trump Does Fun Publicity Stunt
    Left McTriggered After Trump Does Fun Publicity Stunt

    On Sunday, Donald Trump poked fun at Kamala Harris’ dubious claim that she ‘worked at McDonald’s and made fries,’ by going to a McDonald’s and making fries, plus working the drive-thru.

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    Ding, fries are done!

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    Memes have been made.

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    McTriggered!

    While most on the right thought it was a fun pre-election publicity stunt, it really triggered the left – which didn’t know what to do.

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    The sourpusses even posted a gotcha! Suggesting that because the McDonald’s closed for Trump’s event, the whole thing was staged. Well, duh. The guy was only almost assassinated twice (or thrice) and this is for fun.

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    Tim Walz had jazz hands of fury – and despite all the lies, insisting that Kamala Harris actually worked there. We’re sure he’s not lying this time too.

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    Even Matt Drudge opined (2016 Matt, blink twice if you need help).

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    Hilariously, The Atlantic‘s David Frum revealed he doesn’t know the difference between grilling and frying (and earned a nice ratio).

    This is how you know the publicity stunt worked…

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    Tyler Durden
    Sun, 10/20/2024 – 23:20

  • Wall Street Going "All-In On Trump"
    Wall Street Going “All-In On Trump”

    Matt Drudge’s slide into mainstream media obscurity has been one of the more remarkable events of the post-Trump era, yet – like an insane uncle locked up in the attic – few would bring it up in polite conversation (especially since so little is known about what caused Drudge’s striking U-turn in his one-time embrace of Trump). However, his tweet (or post) from last week that according to Wall Street, Kamala had a 72 chance to win (since deleted)…

    … prompted us to respond.

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    We were the first, but hardly last, and shortly after our response to Drudge, both Goldman and JPMorgan chimed in, with reports that validated our criticism of Drudge’s naive – and dead wrong – claim.

    Later that day, JPMorgan’s closely followed Positioning Intelligence team published a must read report (available to pro subs), in which John Schlegel summarized the recent hedge fund positioning rather simply: “all-in on Trump themes.

    This is how the JPM trader summarizes the findings of his report:

    As odds of a Trump presidency and Red Wave have increased over the past few weeks, we’ve seen themes that are perceived to be Republican Winners (JPREPWIN) outperform Democratic Winners (JPDEMWIN) by ~7% over the past month. Crypto stocks and small caps have performed better, while Renewables have underperformed. In addition, the wider US equity market continues to make new ATHs and positioning appears to be elevated. Based on the thematic shifts, historical returns around elections, and elevated positioning, there’s room for a bit of disappointment and reversal in coming weeks if odds start to shift the other way.

    In other words, the “smart market” is increasingly going all-in on a Trump victory.

    Below we excerpt the main highlights from the report (much more in the full report available to professional subs):

    • 1. All in on Trump Themes? Hedge Fund flows have shown a strong preference for Republican themes with Rep Winners (JPREPWIN) bought over the past few weeks, putting positioning near ~2yr highs, while Dem Winners (JPDEMWIN) were sold throughout the year and positioning at multi-year low. The relative Rep vs. Dem flows have shifted from -2z a few weeks ago to +2z over the past 10 days. Renewables (JP11RNEW, a clear proxy for a Dem win) have been sold a lot in the past couple weeks and positioning is turning more bearish again.

    • Crypto stocks have seen volatile flows, though buying lately has not been as strong as it was in mid-July.

    • 2. Flows Turning Positive & Positioning Relatively High Ahead of Election (vs. Prior Cycles). HF and ETF flows have been turning more positive lately and 4 week HF net flows have shifted materially from -2z in early Sep to +1z most recently.

    • ETF flows tend to stay positive post elections and even in years when they’re very strong, but S&P returns are often very muted in Oct during election years since 1950 (avg +10bps with range of +2.6% to -2.7% (ex. 2008)).

    • Overall positioning level for US equities remains somewhat elevated (+1.0z, >90th %-tile) and in prior election years since 2012, both positioning and SPX returns have tended to trend lower in the weeks heading into the election.

    • 3. Small Caps and Momentum…What’s the Setup? Small Caps / Russell 2000 is perceived to rally if we get a Red Wave, but Russell 2000 futures positioning seems pretty elevated already (vs. more neutral prior to the July bump).

    • Looking at a 3yr z-score of net positioning, it’s at +2z already, in line with prior highs. ETF flows into small cap ETFs vs. the broader universe are neutral, though not as bearish as they were heading into the July rally, while HF net exp to Size factor is biased more towards Large on a multi-year basis, but not particularly so on a 12m basis.

    • Momentum tends to underperform in the 10d leading up to the election (and continues to decline on average in 3m post-election), but its performance has been quite correlated to the wider market.

    • HFs don’t appear to be running material net exposure to Momentum, but flows have shown a bias towards selling laggards lately

    * * *

    Turning to Goldman Sachs, we find a similar bias. As we noted last week, a Republican Sweep Scenario, has emerged as one of the bank’s preferred trades ahead of the elections. This is how Goldman put it:

    Long our Republican Policy Pair (GSP24REP), consisting of long Republican Policy Outperformers (GS24REPL, ex-commods version is GS24RLXC) vs short Republican Policy Underperformers (GS24REPS)

    • Buy GS24REPL 20Dec24 107% / 117% OTC call spread for 1.30%. 7.69x net leverage. 15% delta. 23 iv. Max loss premium paid.
    • Buy GS24RLXC 20Dec24 108% / 118% OTC call spread for 1.30%. 7.69x net leverage. 16% delta. 25 iv. Max loss premium paid.

    As shown below, the Goldman Republican victory pair trade discussed above just hit an all time high.

    Decomposed into its constituents indexes, we find that the Republican Victory basket just hit an all time high, while the Democrat Victory basket is back to Biden levels.

    In a new report from Goldman FICC vice president Vincent Mistretta (available here to pro subscribers), the trader confirms what we have said, namely that “positioning in markets leans toward Trump-win expressions. That has been the case since even before the recent run up in betting market odds for Trump.”  To help its clients, the bank has come up with a dashboard enumerating these aforementioned preconceived notions, and some trades that should perform well in scenarios that feel under-positioned, underappreciated or are anti-consensus.

    GS Trading Views:

    • Anshul Sehgal (Co-Head of Global Interest Rate Products Trading & Head of US Interest Rate Products) – Don’t have strong views or a robust framework for the election. It’s a binary event, and unclear what the policies/implications will be either way. Rates have been and will continue to be volatile. The market is pricing a 20bp breakeven move over the election, which seems a bit high, but not so high that you want to be short that convexity over the event. If you have a Republican sweep scenario, the night of the market probably doesn’t move a lot – it’s rates higher, risk assets higher initially, largely because what you would likely expect is that the Trump tax cuts get extended and there may well be more fiscal coming. We think the right area of the curve to be short is 2y2y. On Harris victory with divided Congress, we expect the curve to initially bull steepen, and for risk assets to trade weaker – which we would view as an opportunity to set up belly shorts.
    • Mark Salib/Fernando Alvarado Aguilar (FX Trading):  Many clients are long USDCNH via risk reversals to position for a possible Trump presidency, as there isn’t a strong case for USDCNH to depreciate significantly from here. We also like AUDJPY or USDJPY topside on a Trump win. On a potential Harris win we think USDMXN downside is one of the best trades, with favorable entry levels after the recent squeeze higher amid buying from all client types this week, including hedge funds to position for a possible Trump win (especially given Trump’s comments throughout the campaign on implementing tariffs) as well as CTA and real money buying. In a Harris scenario we think EURUSD may rally around 1.5%, but think the moves would be larger in USDMXN and would prefer to express the trade there.
    • Shawn Tuteja/Joseph Clyne (Equities Derivatives Trading/Index Trading) – Among a host of macro factors, we think that the run up in stocks, the collapse in implied vols, and the outperformance of RUT over NDX are partially due to the recent uptick in Trump odds, and a reversion of that move could reverse all three trends. Generally, we like owning year-end upside in SPX on a 12 vol handle which we think can carry flat/positive through the election while having spot up vol up beta on any sustained rally. On the sector side, we’ve seen the “Trump trades” from 2016 start to work, as this last leg higher in SPX has been driven by regional banks (KRE), large-cap banks (XLF), and energy. We’ve seen this buying come at the expense of AI in the past week or so. Interestingly, we’ve gotten a lot of questions from clients in the past 24 hours on best ways to “fade a Republican sweep,” thinking the odds and market pricing have run too far on this.
    • Nick Bartal (Oil Products Trading) – There is currently little positioning in oil directly related to the election. The conflict in the Middle East has shaken a short/low positioned oil market into having length. However, the consensus still remains that the oil balance will be heavy in 2025, which led to the short positioning coming into the Israel/Iran conflict rally in early October. While little direct positioning surrounding the election exists, a Trump victory would likely be day 1 bullish for oil, as he may strengthen sanctions on Iran.

    Much more in the Goldman note available to pro subscribers.

    * * *

    Taking a quick look at UBS, the bank has its own thematic pair trade, and writes that the recent surge in the “Republican Sweep” basket supported the S&P 500 rallying to an all-time high. Indeed, as shown below, the UBS Republican Win basket has trounced the Democrat Win having closed higher for 14 consecutive days! Also, UBS notes that the dramatic ascent in dollar has largely been driven by Chinese Yuan weakness thanks to the surge the Republican Sweep theme.

    Elsewhere, in a note from UBS trader Michael Romano, he writes that “the UBS Republican vs. Democrat election pair trade is up 15% month to date to fresh highs in virtually a straight line, suggesting the market has largely priced former President Donald Trump’s victory.” Romano adds that “the election repricing, driven primarily by banks and solar, coincided with a growth re-pricing following a strong payrolls and strong earnings, making it less clear whether the recent moves are election or growth driven.”

    His conclusion: “While the end result is the same, i.e. banks higher, cyclicals/consumer/growth oriented stocks higher, the more the repricing was driven by an actual growth re-pricing, the more upside there still is on a Trump win. As most of the moves followed bank earnings, with strong follow-through on consumer, my money is on a lot more upside to come on a Trump win.

    * * *

    By now the big picture should be clear: whether due to his surge in online betting markets, or simply because Kamala’s honeymoon is dead and buried, there has been a rush of sentiment – by people who put money where their mouths – into the Trump Victory/Republican sweep camps, which also largely explains why stocks continue to make new all time highs day after day. However, if one takes a step back and asks a more neutral question without assuming the outcome, such as How will markets react to different US election outcomes?

    To help with the answer, we go to a recent note from Deutsche Bank’s George Saravelos (available to pro subscribers), who took recently published Deutsche Bank Research economics estimates of the likely impact of different election outcomes and translated them in to a market reaction across asset classes with a specific focus on FX. The table is intended to capture the immediate market reaction to year-end rather than the long-term impact. Below are DB’s four main conclusions:

    • There is large variance of opinion on the likely market and growth outcomes within the DB team. This largely stems from uncertainty on three fronts: the fiscal outcomes in the event of divided government, the extent to which tariff policy is applied, the medium-term effects of supply side policies relating to regulation, immigration and energy. Even with full certainty on tariff policy for example, the countervailing growth-inflation impact of a negative supply shock creates great ambivalence.
    • The largest variation in fiscal policy and growth outcomes is likely under a Trump administration: a red sweep would likely lead to the largest deficits while divided government could lead to the smallest deficits via the revenue impact of tariffs. By extension, a Trump victory has the most potential to generate the largest market moves in both directions in bond markets.
    • The largest variation in relative growth differentials between the US and the rest of the world is likely under a Trump versus Harris administration, irrespective of the Congressional outcome, due to tariff policy. By extension, the FX market outcome is more clear cut than the bond market in the event of a Trump victory.
    • We see the most bullish dollar outcome as a red sweep and the most bearish dollar outcome on a blue sweep, but the magnitude of the moves is likely larger in the former. There is also likely to be a large degree of variation in market response across different currency pairs: we see the dollar rising across all currency pairs in a red sweep. We see the dollar strong but FX carry trades as most likely to suffer in a Trump victory without Congress. Asia FX is likely to rally the most in the event of a Harris victory without Congress, while the broadest dollar losses would likely be in a Blue Sweep, albeit more limited than the dollar gains in a Red Sweep. We see short EUR/CAD and long MXN/ZAR as the two most asymmetric trades in FX heading in to the election.

    Much more int he full notes from JPMorgan, Goldman, UBS and Deutsche Bank

    Tyler Durden
    Sun, 10/20/2024 – 22:45

  • West Point Selectively Censors Information In Violation Of Federal Law
    West Point Selectively Censors Information In Violation Of Federal Law

    Authored by Tony Lentini via RealClearDefense,

    Military.com recently carried a story on a West Point cadet facing charges for sexual harassment and sexual assault. The article named names, not just of this one cadet, but also of another cadet charged with sexual misconduct, an officer faculty member facing conduct-related charges and the garrison commander who was acquitted of impaired driving charges.

    Yet, after then-Superintendent Robert S. Caslen promised an investigation into why West Point permitted insubordinate communist cadet Spenser Rapone to graduate in 2016, the Army refused to release its findings on the spurious grounds of protecting Rapone’s privacy. This, despite the cadet’s public flouting of his Marxist political sympathies. Moreover, the promised but undelivered investigation was to be not of Rapone himself but of Caslen’s leadership or lack thereof in allowing an avowed communist to graduate. (Caslen subsequently resigned from his post-West-Point civilian job as president of the University of South Carolina for allegedly plagiarizing parts of a speech.)

    In another case, the fate of several cadets who overdosed on cocaine laced with fentanyl on Spring Break two years ago has never been publicly released, again on privacy grounds.  I have an outstanding Freedom of Information Act (FOIA) request to determine their final disposition that has been pending for over a year now, despite federal law requiring a response within 20 working days.  West Point’s public affairs officer cited privacy laws as the reason for the Academy’s stonewalling, even though I specifically did not ask for their names, only their punishment.  But their names should be released, as well as their fate, since drug abuse is a serious offense under the Uniform Code of Military Justice and the cadets’ actions publicly discredited the United States Military Academy.

    Something rotten is going on at West Point and within our military.  Why are some names released while others are not?  Why are sexual misconduct allegations and related court filings publicly disseminated while cadet drug abuse and West Point administrative failures are covered up?

    My own FOIA request is now languishing in the “Initial Denial Authority” office of the Secretary of the Army at Ft. Belvoir, Virginia.  Repeated calls and emails to expedite the release of information as to the cocaine-fentanyl cadets’ final disposition have gone unanswered.  A classmate’s five-month-old FOIA request to obtain West Point documents related to the Superintendent’s stated intention to make the Cadet Honor Code “more aspirational” was summarily dismissed by that same office for clearly bogus reasons:  1) That the Academy’s FOIA office had supplied the requested materials (they had not, providing only non-germane items); and 2) That a document search had uncovered no such documents.  By “completely bogus,” I mean that they lied.

    West Point is a federally funded institution.  The Academy, and the military in general, are subject to federal laws, just as the rest of us are.  In fact, even more so, because the U.S. military traditionally and by law is subject to civilian control.  So, why are they permitted to pick and choose which laws to obey and which to willfully ignore?  Why are they permitted to ignore legitimate taxpayer requests for information?  Why the disparity between releasing names in sexual assault cases but not in drug cases and administrative failures?

    What is West Point covering up and why?  When and how will these lawbreaking officials be held to account?  And when is this once proud and honorable institution finally going to come clean?

    Tony Lentini is a 1971 West Point graduate and a founding board member of the MacArthur Society of West Point Graduates.  He served five years in the Army, attaining the rank of captain, and then spent his civilian career in the energy industry, ultimately serving as vice president of public and international affairs for two independent oil and gas exploration and production companies.

    Tyler Durden
    Sun, 10/20/2024 – 22:10

  • Daniel Penny Subway Chokehold Trial Begins On Monday
    Daniel Penny Subway Chokehold Trial Begins On Monday

    Jordan Neely’s death in a crowded Manhattan subway car made worldwide headlines in May 2023, after bystander footage showed former Marine Daniel Penny restraining the erratic homeless man in a fatal chokehold. The case is finally set to go to trial, with jury selection beginning Monday.

    Penny, who has argued that he acted to protect fellow passengers from a menacing Neely, faces charges of second-degree manslaughter and criminally negligent homicide. Neely, a homeless Michael Jackson impersonator with a history of mental illness, died after Penny placed him in a chokehold for several minutes. According to prosecutors – who don’t have to prove intent to kill, Penny acted recklessly in causing Neely’s death.

    Manhattan District Attorney Alvin Bragg’s office has argued that Penny knew during the encounter that he might kill Neely, even if that was not his intention.

    They’ve cited testimony from a Marine trainer, who told the grand jury that Marines are taught that chokeholds — which are meant to be a “non-lethal” restraint — can sometimes be fatal.

    Prosecutors will also bring up evidence that Penny kept Neely in his chokehold for six minutes, continuing to restrain him even after the homeless man was no longer making purposeful movements.

    The notion that death is not a foreseeable consequence of squeezing someone’s neck for six minutes is beyond the pale,” the DA’s office wrote in a November 2023 court filing. –NY Post

    Penny, a former infantry squad leader, has maintained that he did not intend to kill Neely, however Bragg’s office only has to convince a jury that Penny “recklessly” caused the death or disregarded a “substantial and unjustifiable risk of death” when he kept Neely in a chokehold for several minutes.

    Julie Rendelman, a former prosecutor, suggested that the prosecution will likely play video footage of the incident in slow motion to underscore Penny’s extended use of force. “I think they really need to break down the scene, literally, second-by-second,” she explained.

    According to Rendelman, prosecutors will make a huge mistake if they try to argue that Neely was “no danger to anyone” before Penny stepped in.

    “You may lose some of those jurors who have been on the train many times, threatened by different individuals on many occasions,” she told the Post. “They really have to approach it in a way that recognizes that, but also recognizes that he went too far.”

    The Defense’s Strategy

    Penny’s defense lawyers, Thomas Kenniff and Steven Raiser, are expected to argue that their client’s actions were justified, pointing to what they describe as Neely’s erratic and threatening behavior. Witnesses recalled Neely shouting that “someone is going to die today” and declaring that he was “ready to go to Rikers.”

    The defense is likely to question the medical examiner’s ruling that Penny’s chokehold directly caused Neely’s death. In an October 2023 motion, the attorneys argued that the examiner never provided specific evidence that Neely died from asphyxiation. Penny’s team may also attempt to introduce evidence of Neely’s drug use, pointing to toxicology reports that indicated Neely had the synthetic drug K2 in his system. While Penny’s lawyers acknowledge that the reports do not specify the quantity, they suggest that the drug could have been a contributing factor.

    Who Will Testify?

    According to the report, there will be several witnesses who were on the train, police officers who responded to the scene, and detectives who interviewed Penny. The city medical examiner’s office will likely present its findings, and the prosecution may call psychological experts to shed light on Penny’s mindset during the encounter.

    A looming question is whether Penny himself will take the stand. Legal observers are divided on the wisdom of this move, but Rendelman said, “I think he probably needs to testify,” adding “This is one of the cases where it is likely that the jury is going to want to hear from Penny, because part of that justification is going to be about what he perceived at the time that the events were happening.”

    The Stakes and Challenges

    If convicted of second-degree manslaughter, Penny could face up to 15 years in prison. A conviction on the lesser charge of criminally negligent homicide carries a maximum sentence of four years. The final decision on sentencing would rest with Manhattan Supreme Court Justice Maxwell Wiley.

    Jury selection is expected to be a critical phase, as prospective jurors’ own experiences on the subway could shape their views. “Jury selection is always a big part of any case, but for this one in particular, multiply that by 10,” said Brooklyn prosecutor Jason Goldman.

    And according to Rendelman, “at the end of the day, one of their arguments is going to be even if you assume that initially – Daniel Penny’s argument that self defense is true, there was a point in time where there was no longer self-defense protection.”

    Tyler Durden
    Sun, 10/20/2024 – 21:35

  • Ten Lessons On US Foreign Policy
    Ten Lessons On US Foreign Policy

    Authored by Rhesa Browning via The Mises Institute,

    Enough Already by Scott Horton is a must-read for anyone who wants to know the truth about US foreign policy in the Middle East for the last 35 years. Horton starts his exposé with the 9/11 tragedy, and then details all the terror wars up until today. Among all the facts and figures, Horton teaches ten important lessons.

    Each chapter focuses on a specific country, but these lessons are woven throughout each.

    Lesson 1—The US is Not Loyal to Its Allies

    “If you want to know who America’s next enemy is, look at who we are funding right now.”—Dave Smith

    I used to think this statement was an oversimplification, but it is deadly accurate. Our government routinely makes allies only to turn around and attack them years later. One clear example is what would become al Qaeda. In the 1980s, the US armed Afghan resistance fighters to oppose Russia in Afghanistan. After 9/11, al Qaeda became the archenemy of the US. Then, about ten years later, they started arming them again to fight in Iraq and in Syria.

    In Afghanistan, the US supported the Taliban during the Clinton administration. Then multiple presidents fought a 20-year war against them only to give full control of Afghanistan back to the Taliban in 2021.

    The US followed the same pattern with Iraq. The US armed them against Iran during the 1980s. They supported Hussein all the way to Iraq War I in 1990. Then they bombed and sanctioned the country until they captured him in 2003 and had him executed.

    Lesson 2—The US Prolongs Wars

    Without US involvement in the Middle East, both sides in a conflict would be similar in strength and have less resources to continue. In the Yemen War, the US sends arms to Saudi Arabia, who then sends them to their allies in Yemen to fight the Houthis, even though the Houthis “won” years ago. Take the US out of the equation and the Saudi’s allies wouldn’t be able to continue the war.

    The same thing happened in Somalia when the US armed Ethiopian forces to invade. Continued US support incentivized the Ethiopian groups to continue fighting after it started. Outside the Middle East, this lesson played out the exact same way in the Ukraine-Russia war. Plus, the US stopped peace negotiations between Zelensky and Putin through their proxy Boris Johnson.

    Lesson 3—The US Justifies Starting Wars with Nonsense

    The best example is Iraq War II. One of the main intellectual justifications for attacking Iraq in 2003 was a white paper titled “A Clean Break,” written by David Wurmser. In it he dreams that if the US military would overthrow Iraq’s Baathist Party, they could set up a government and form close allies in the region. He then imagined that Syria and Lebanon would prefer to follow a US puppet regime in Iraq over Iran, and that the new Shia Iraqi government would unite more closely with the US than Iran. However, they were never going to prefer a secular Western government over fellow Muslims. Contrary to Wurmser’s mythology, Iraq immediately allied with Iran and the rest of the Shia world instead of the US.

    We also all know about the false accusations the Bush Administration made to garner support for Iraq War II. They fabricated stories about Iraq having chemical and biological weapons, and about Hussein collaborating with al Qaeda.

    Lesson 4—The US Causes the Problems They Claim to Prevent

    The clearest example of this is Libya in 2011. The US government justified their intervention saying that, without it, Muammar Gadhafi would massacre his own civilians in response to al Qaeda-aligned rebels opposing his rule. However, US involvement in the conflict caused civilian massacres instead of preventing them. The US-backed rebels terrorized civilians wherever they gained control and instituted a new slave system.

    Lesson 5—The US-Led Terror Wars Don’t Defend America

    After 9/11, the Taliban offered to help the US capture Osama Bin Laden. Instead of working with the Taliban to avenge the lives of dead Americans, they attacked Afghanistan to conquer the country and install a Western-style government. It demonstrated the purpose was to build an empire, not to defend America.

    The US waged many of the subsequent wars to benefit Israel and Saudi Arabia. The US fought Iraq War III and the Syrian War to reduce Iran’s influence in the region for this purpose. Another reason the US started Iraq War II was to open land for a new pipeline from Iraq to Israel. 

    In the Yemen War, the Houthis were enemies of Saudi Arabia, not the US. The US still dutifully sent in weapons.

    Lesson 6—The US Lies about Every Aspect of These Wars

    They lie about why we should stay, they lie about status updates, they lie about the groups they support. In one of Scott Horton’s radio commercials, he states, “they lied us into war, all of them.” It applies to every aspect of these wars.

    In 2012, the US government showed they were willing to lie in the most insane ways. They blamed the attack on the US consulate in Benghazi on an anti-Islamic video made by an Egyptian-American from Los Angeles. They even threw him in jail for almost a year based on spurious “probation violations” charges. In reality, the terrorists attacked to exact revenge for secret raids against them coordinated by Obama’s counter-terrorism adviser John Brennan. Further, US officials were in Benghazi to transfer weapons from Libya to Syria, between radical Islamists. That led to another lie calling ISIS “moderate” rebels.

    Lesson 7 – The US-Led Terror Wars Produce More Terrorists

    The US military interventions in the Middle East have created more terrorists. In September 2001, al Qaeda consisted of 400 people hiding in eastern Afghanistan. Scott Horton doesn’t give an exact number of their numbers today (though some have estimated at least over 20,000), but he listed al Qaeda-affiliated organizations operating all over the Middle East. Just about every country mentioned in Enough Already now has al Qaeda or Bin Ladenite-style forces in it. Ironically, al Qaeda’s presence in Afghanistan is at another low point now that the Taliban is back in control.

    Lesson 8—The US Primarily Kills Civilians 

    The book throughout presents death and casualty numbers for these wars. Based on those numbers, they roughly kill about 100 times more civilians than combatants. During the 1990s, US bombings and sanctions killed around 500,000 Iraqi civilians. Drone strikes in Pakistan often targeted civilians based on faulty intelligence. Even when they hit terrorists, civilians die because the strikes hit public spaces or community gatherings. Tens of thousands of Yemeni civilians have died because of the war and the blockade resulting in mass starvation there. US-backed al Qaeda forces killed thousands of civilians during the Libyan Civil War of 2011. The same exact thing happened in Syria as ISIS was notorious for massacring civilians in the areas they conquered.

    Lesson 9—The US has Lost Every War It Started in the Middle East

    They haven’t “won” one war in the Middle East. The war in Afghanistan ended with the US giving the country back to the Taliban. In Yemen, the Houthis won and continue to control the main population centers. In Mali, Somalia, and Libya, al Qaeda-affiliated groups are in power. The closest thing to a US victory is Libya since they armed al Qaeda to take out Gadhafi. In Syria, Bashar Al Assad is still in power. Even though the US was successful in deposing Saddam Hussein, the current government is strongly allied with Iran over the US. With such a list of failures the only sensible path is to pursue peaceful interactions.

    Lesson 10—The US Terror Wars Hurt Americans

    The wars hurt normal American citizens in several different ways. Most directly, 7000 American soldiers have been killed with more wounded. Thousands more are suicidal and living lives of desperation because of PTSD.

    The factor affecting most Americans is that the US government pays for military interventions through inflation, debt, and taxation. Simply put, they are stealing from us. As a result, it has become harder for Americans to purchase a home or build a family. This lack of economic opportunity also affects crime rates and homelessness.

    Last, the tools used in those foreign wars are now used on American citizens. The most serious threats to our liberty come from the PATRIOT Act, police militarization, and the NDAA, which allows the government to jail citizens with no due process. I would say that we’ve had enough already. It’s time to end the war on terrorism and every other war we are supporting in the world.

    Tyler Durden
    Sun, 10/20/2024 – 21:00

  • Trump Considers No Taxes For Police Officers, Firefighters And Military
    Trump Considers No Taxes For Police Officers, Firefighters And Military

    The race to shock and awe with the greatest number of tax cuts ahead of the November 5 election is nearing its climax.

    Donald Trump said he’d consider exempting police officers, firefighters, active duty military and veterans from paying taxes, the Republican nominee’s latest campaign trail idea to deliver tax breaks to key groups of supporters.

    “It’s something I would think about,” Trump said in response to a question about excluding first responders and military members from tax bills on an online show Maintaining with Tyrus that aired Friday.

    “You’re like my tax person there, but yeah. I mean something has to be done,” he said. “It’s almost an incentive to where you can get people interested.”

    The idea to exempt members of the military and first responders from taxation is the latest in a long list of tax proposals Trump has talked about while campaigning against Kamala Harris. He’s pledged to i) eliminate taxes on tipped wages, ii) taxes on overtime pay and iii) taxes on Social Security benefits.

    To be sure, Trump didn’t give any more details about the service member tax exclusion, and any such ideas would require congressional approval in order to become law, which is why absent a Republican sweep most of Trump’s promises will end up as being just hot air.

    The no-taxes-on-military-and-first-responders idea could be among the largest new tax cuts he’s discussed to date, exempting more than 20 million people from federal tax payments. According to Bloomberg, there are about 18 million living veterans in the US, roughly 1.3 million active duty troops, approximately 1 million police offers in the US and more than 300,000 professional firefighters, according to several estimates. The US does offer some broad tax exemption to military members, but that is largely limited to people who are serving in active combat zones.

    Over the last several months, Trump has rolled out a steady drumbeat of politically beneficial tax cut plans focused on key election constituencies, as a way to appeal to voters in an extremely tight election — particularly, low-and-middle-income Americans frustrated by high prices. The Republican nominee has thrown out such a wide range of tax proposals that even his own advisers are unsure about which ones he intends to enact if elected.

    Now that it is clear that neither candidate gives a rat’s ass about the war-time US budget deficit which just hit a mindblowing 6% of GDP despite US GDP allegedly growing at a 3%+ rate…

    … Trump it taking his tax break promises to the limit while also campaigning on extending the tax cut first passed when he was president. Major portions of that law, including lower tax brackets for households and deductions for small businesses, are set to expire at the end of 2025. Trump has also pledged to further lower the corporate rate to 15% from 21% and expand the state and local tax deduction, a write-off popular in New York and California where Republicans face close House elections to keep their majority in the chamber.

    Economists have warned that his policy portfolio may balloon the federal debt, adding as much as $15 trillion to the debt over the next decade, according to an estimate from the Committee for a Responsible Federal Budget. Trump contends that economic growth and energy production would offset the loss in tax revenue.

    Of course, the only other presidential candidate that could balloon the federal debt more than Trump is Kamala Harris, whose admin has seen US debt grow by $8 trillion, with US debt growth set to double or triple if her promises of reparations to blacks are realized.

    In the Friday interview, Trump also suggested military members should become teachers when asked about measures to secure schools.

    “So what about teachers that are in the military and they’re teachers, they leave the military, they become history teachers,” Trump said. “They’re in the room and they get to know the students and they know how to use a gun. You can’t have people that don’t have any idea about what to do with guns.”

    Some states, including Iowa and Tennessee, have passed laws allowing teachers to carry concealed weapons on school campuses, a controversial measure that has faced broad criticism from teachers unions and some parents, who say that will make schools less safe.

    Tyler Durden
    Sun, 10/20/2024 – 20:25

  • Bovard: The Democrats' Three-Decade War On Honest Voting
    Bovard: The Democrats’ Three-Decade War On Honest Voting

    Authored by James Bovard,

    When did preventing election fraud become a violation of the Voting Rights Act?

    According to President Joe Biden’s Justice Department, it is now a federal crime to prevent illegal ballots in presidential elections. 

    Barely 30 days before the 2024 election, the Justice Department sued the state of Virginia to prohibit its removal of the names of noncitizens from voting rolls. Gov. Glenn Youngkin was enforcing a 2006 Virginia law, but the Biden administration portrayed that action as an attack on “the cornerstone of our democracy.” Youngkin denounced the federal lawsuit as “a desperate attempt to attack the legitimacy of the elections” in Virginia.

    The Virginia lawsuit is simply the latest in Democrats’ long war against honest voting, which began with the Clinton administration’s Motor Voter Act. That 1993 law mandated voter registration in every welfare and food-stamp office in the nation. Brent Thompson, executive director of the Fair Government Foundation, observed in 1996, “The Motor Voter law did away with a panoply of anti-fraud mechanisms long relied on by the states to police and deter fraudulent voting.”

    In 2015, the Democratic presidential candidate Hillary Clinton condemned voter identification requirements as part of a “sweeping effort to disempower and disenfranchise people of color, poor people and young people.” A Washington Post headline aptly summarized her message: “Hillary Clinton Declares War on Voter ID.” Verifying identification was unnecessary because, as long as enough ballots showed up with a check by Hillary’s name, she would be irrevocably entitled to all the power she could seize in the following four years. 

    Lax voting procedures in some states were insufficient to enable Hillary to capture the White House. But the panic induced by Covid-19 enabled politicians to radically loosen the rules for the next presidential election. Many states made it easier—if not automatic—to vote by mail, even though a 2012 New York Times analysis concluded that “fraud in voting by mail is… vastly more prevalent than the in-person voting fraud that has attracted far more attention.” Some states abandoned any effort to verify mail ballots, dropping requirements for matching signatures, return addresses, or having a witness verify the person and the vote. Civil Rights Commissioner J. Christian Adams noted that “Democrats succeeded in tossing out state laws related to absentee ballot verification, deadlines and a whole range of laws all in the name of Covid.”

    Neither the Elections Clause of the U.S. Constitution (rules for federal elections “shall be prescribed in each State by the Legislature thereof”) nor state law stopped the rigging of the 2020 vote. Michigan sent “unsolicited absentee-voter ballot applications by mail to all 7.7 million registered Michigan voters…without signature verification as expressly required” by state law. The Wisconsin Elections Commission approved setting up to 500 unmanned ballot drop boxes in major Democratic cities in violation of Wisconsin law. That commission  and local election officials encouraged all Wisconsin “voters to unlawfully declare themselves ‘indefinitely confined’—which under Wisconsin law allows the voter to avoid security measures like signature verification and photo ID requirements,” as the Texas Attorney General noted in a brief to the U.S. Supreme Court. The Wisconsin Supreme Court ruled that election officials acted illegally, but that did nothing to nullify the hundreds of thousands of votes that came in via illicit loopholes. Biden carried Wisconsin by 20,000 votes.

    To stifle controversy over electoral rule changes, Biden’s media allies created a fairy tale. A week after Election Day, the New York Times ran a banner headline across the top of the front page: “Election Officials Nationwide Find No Fraud.” How did the Times know? Their reporters basically called election officials in each state and asked, “Did y’all have any fraud?” A total lack of fraud in an election with more than 100 million voters would have required divine intervention to achieve. Biden’s 2020 victory became the election equivalent of the Immaculate Conception. A Washington Post headline scoffed that anyone who doubted Biden’s victory was an “Election Denier”—placing them in the same odious category as Holocaust deniers. An ABC News analysis portrayed distrust of the election results as a form of mental illness.

    Most of the American media pretended that voter fraud was so rare that the mere suggestion of its occurrence was a heresy against democracy. But a few weeks after Biden was sworn in as president, a federal investigation revealed that the U.S. government bankrolled some of the most brazenly corrupt elections in modern times. The Special Inspector General for Afghanistan Reconstruction (SIGAR), issued a report titled, “Elections: Lessons from the U.S. Experience in Afghanistan,” that should have received far more attention in Washington and beyond. SIGAR revealed that the net result of 15 years of U.S. pro-democracy assistance was that Afghanistan’s 2019 presidential election was “the most corrupt the country had ever held.” U.S. tax dollars poured into the coffers of Afghanistan’s Electoral Complaints Commission to safeguard voting, but that agency was a prime source of the most shameless vote stealing. U.S. aid enabled the Afghan government to purchase sophisticated electronic voting systems. But SIGAR’s report warned that “because governments often control electoral commissions and the procurement of election technology, they are well placed to use it to commit fraud.” SIGAR ruefully noted, “The true purpose of adopting election technologies may not be to actually reduce fraud, but to create the illusion of doing so.” A U.S. Army colonel who deployed several times to Afghanistan told SIGAR that as early as 2006, the Afghan government had “self-organized into a kleptocracy.” Officials who were stealing everything else never hesitated to steal votes. The collapse of democratic legitimacy paved the way for the collapse of the U.S. puppet regime in Kabul in August 2021.

    The Biden administration sought to exploit Covid-era precedents to turn America into a Drop Box Democracy where minimal efforts by voters automatically sanctify maximum power for politicians. In 2021, the House of Representatives passed H.R. 1, the For the People Act, to force all states to adopt the most unreliable electoral procedures used during the pandemic. The bill, which failed in the Senate, would have compelled all future federal elections to permit paid ballot-harvesting and universal mail-in voting, prohibit checking voter identification, and require states to count ballots that arrive ten days after an election. Many of the same Democrats who championed Covid vaccine passports, which disproportionately barred blacks from restaurants and gyms, also insist that requiring voters to show identification is Jim Crow at its worst.

    Histrionics and shenanigans continue to be the Democrats’ preferred substitute for election integrity:

    • Kamala Harris objected to voter identification requirements because she bizarrely claimed it was “almost impossible” for rural voters to photocopy their identification papers.
    • The city of Detroit responded to a Republican National Party Freedom of Information Act (FOIA) request for ballot drop box surveillance footage by claiming that the footage had been deleted—after the FOIA request was received. Detroit was notorious for shrouding its vote counting on Election Night 2020, blocking poll watchers from witnessing Biden’s miraculous comeback.
    • In Georgia, Judge Thomas Cox on Wednesday struck down the Georgia State Election Board’s new rules to require video surveillance of ballot drop boxes and to regulate ballot-harvesting.
    • Lawsuits are proceeding regarding lax standards for absentee mail-in ballots in North Carolina, Michigan, Pennsylvania, Texas, and elsewhere.

    Preventing bogus ballots should not be treated like a moral or theological issue. When did verifying votes become a crime against democracy? Why is the Justice Department crusading to turn voting into an entitlement program for non-citizens? Do Democrats seek to make the actual voting as fraud-ridden as politicians’ campaign promises?  Elections need rigorous safeguards against fraud because, as Thomas Paine warned long ago, “the trade of governing has always been monopolized by… the most rascally individuals of mankind.” Four presidential elections since 2000 have been heavily tainted by allegations of foul play. American democracy has zero legitimacy to spare at this point.

    Tyler Durden
    Sun, 10/20/2024 – 19:50

  • Leaked US Intel Confirms Israeli Nuclear Weapons
    Leaked US Intel Confirms Israeli Nuclear Weapons

    Via Common Dreams

    “We have not observed indications that Israel intends to use a nuclear weapon.” That sentence is the concluding line from an allegedly leaked (or hacked) U.S. intelligence document posted online this week and later reported on by AxiosCNN, and other outlets.

    As Axios reported on Saturday, “U.S. officials are extremely concerned about a potentially major security breach after two alleged U.S. intelligence documents about Israel’s preparations for an attack on Iran were published by a Telegram account affiliated with Iran.”

    Overhead satellite view of Shimon Peres Negev Nuclear Research Center, via War is Boring

    The Associated Press and independent investigative journalist Ken Klippenstein both cited government sources who said the documents appeared to be authentic. While U.S. officials have yet to comment publicly on the material, reporting confirmed an investigation into their authenticity and how they came to be in the public domain was underway.

    Since a barrage of missile strikes aimed at military targets in Israel by Iran on Oct 1, a retaliatory strike in response to Israel’s assassination of Hezbollah leader Hassan Nasrallah and other attacks, the world has been waiting for Israel’s promised military response.

    Assuming the documents are authentic, what they show is that U.S. intelligence—as is well known and despite being close allies—keeps a close and clandestine eye on Israeli military operations.

    CNN cited an unnamed U.S. official who called the documents being made public “deeply concerning,” though the outlet did not publish the documents in full. The documents, according to CNN,

    are marked top secret and have markings indicating they are meant to be seen only by the US and its “Five Eyes” allies — Australia, Canada, New Zealand and the United Kingdom.

    They describe preparations Israel appears to be making for a strike against Iran. One of the documents, which says it was compiled by the National Geospatial-Intelligence Agency, says the plans involve Israel moving munitions around.

    Another document says it is sourced to the National Security Agency and outlines Israeli air force exercises involving air-to-surface missiles, also believed to be in preparation for a strike on Iran. CNN is not quoting directly from or showing the documents.

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    It has long been known that Israel has a nuclear weapons program and maintains a nuclear arsenal, but it remains both Israeli and U.S. government policy never to acknowledge or confirm the existence of either. In one of the documents, the U.S. specifically references Israel’s ability to deploy a nuclear weapon, though it categorizes the threat of doing so in this case as low.

    Independent journalist Ken Klippenstein, recently banned from X for posting an internal opposition research dossier that the Trump campaign had compiled on JD Vance, posted images of both documents to his substack page, as he excoriated major outlets for refusing to do.

    “As with the J.D. Vance Dossier, which the entire media knew about but refused to publish, it appears the media has once again lost its nerve – and its sense of what’s news,” Klippenstein wrote.

    According to Klippenstein’s assessment:

    The intelligence report includes a rundown of the various aspects of Israeli military activities that the U.S. is monitoring to inform its judgments and conclusions: weapons handling, air defense, ground forces, Navy, Air, Special Forces, and even Israel’s Nuclear Forces. But even then, only the weapons handling and special forces categories are identified as having a “medium” predictive ability in regards to determining Israel’s action; the rest are designated “low” predictive ability.

    The second intelligence report is titled “Israel: Air Force Continues Preparations for Strike on Iran and Conducts a Second Large-Force Employment Exercise.” The document details Israeli activities during an evident “mission rehearsal” (in U.S. lingo) that could be indicative of how Israel will strike Iran. Citing imagery analysis and other sources, the NGA report notes that the Israeli Air Force is already conducting covert drone operations over Iran (evidently doing its own spying), and how, as part of Israeli Air Force activity, has been handling air-launched ballistic missiles and other weapons.

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    Defending release of the full documents, he explained that both provide “insight of enormous public interest as we stand at the precipice of a broader conflict” and contained “information that directly bears upon U.S. obligations and actions. It is for that reason that I’ve decided to publish the basic documents.”

    Tyler Durden
    Sun, 10/20/2024 – 19:15

  • The Danger To The Dollar Isn't The Euro Or Yuan
    The Danger To The Dollar Isn’t The Euro Or Yuan

    Authored by Mike Shedlock via MishTalk.com,

    Russia GDP is now estimated at +3.8 percent, topping the US, despite sanctions. What’s going on?

    Russia’s War Economy

    Eurointelligence discusses Russia’s War Economy

    It is worth looking at the autumn forecast for Russia by the Vienna Institute for International Economic Studies, one of the best sources of economic information for central and eastern Europe. They upgraded their growth forecast for this year by 0.6pp to 3.8%. Russia is outgrowing all western economies, including the US. Growth is forecast to slow down to 2.5% next year because of the impact of a 19% interest rate. It is clear that Russia’s economic expansion is a classic case of a wartime Keynesian effect.

    It is also interesting to contrast Russia’s economic development with that of Ukraine’s main supporters in Europe, which have entered into synchronised austerity, first in Germany, and now in France and the UK.

    Russia’s fiscal stability is perhaps the biggest surprise. Defence spending is on trajectory towards 6% of GDP. And yet, the 2024 budget deficit is projected at 1.5%, falling to 1% in 2025.

    Vasily Astrov, the Russia expert at WIIW, concludes that Putin will have money for the foreseeable future to continue financing the war against Ukraine. A rise in income and corporate tax has meant that Russia’s state finance will become less dependent on energy.

    Financial sanctions are ultimately not as successful as their advocates once believed because money is not a natural global monopoly. International banks are certainly susceptible to US dollar sanctions. But not all banks in the world operate in dollar markets. The use of secondary sanctions has become a first-order instrument in the US’s diplomatic toolkit in this century. But it falls into the category of instruments which lose their value the more you use them. Even amongst US economists, we see a lot of complacency about this. It was friction combined with network effects that favoured the emergency of a single dominating currency – the pound sterling, the dollar later. The danger to the dollar is not the euro, or renminbi. It is that micro-channels are becoming viable as technology reduces the frictions.

    Lessons of the Day

    • The more you depend on sanctions, the less they work.

    • That’s the real risk to the dollar.

    Here’s a Repeat Lesson on Why Sanctions Fail

    On September 26, I commented To Those Hard of Learning, Here’s a Repeat Lesson on Why Sanctions Fail

    In that post I refuted a claim that sanction failures are due to a lack of political will.

    Also see my September 19, 2023: Lesson of the Day: Sanctions Don’t Work Because They Create New Markets

    A person who touted a buyer’s cartel sanction success, now complains the buyers cartel leaks like a sieve.

    Finally, please see How China Gets Around US Sanctions on Semiconductors

    US sanctions backfire again. China is stronger as a result.

    Russia’s GDP shows just how badly misguided and overused sanctions have worked.

    Tyler Durden
    Sun, 10/20/2024 – 18:40

  • One Of Israel's Most Senior Commanders Dies In Gaza; Hamas Readies Sinwar Successor 
    One Of Israel’s Most Senior Commanders Dies In Gaza; Hamas Readies Sinwar Successor 

    A high-ranking Israeli military officer was killed while fighting in Gaza on Sunday, the Israel Defense Forces (IDF) announced the same day.

    Colonel Ehsan Daqsa, 41, was commander of Israel’s 401st Armoured Brigade, and died when his tank was targeted by explosive devices during operations inside Jabalia refugee camp. Reports suggest an improvised explosive device (IED) detonated when a group of officers stood outside of their tanks.

    Colonel Ehsan Daqsa, IDF

    Another Israeli soldier was seriously wounded in the same incident, which involved a second tank being blown up.

    It remains somewhat rare that a colonel (and brigade commander) would be involved in leading operations directly in the battle zone in Gaza. Col. Daqsa has been identified as one of the most senior officers to have been killed in over a year of Gaza operations.

    The Times of Israel reports of the details of his death: “An IDF probe into the death of Daqsa found that he was outside his tank with other officers when they were hit by an explosive device in Jabaliya, as part of an ongoing offensive there against Hamas.”

    This strongly suggests that despite the death of Yahya Sinwar, Hamas’ top leader in Gaza, Hamas militants are still fighting fiercely and are not relenting.

    Western leaders used the opportunity of Sinwar’s death last week to call for urgent ceasefire and the return of the Israeli hostages remaining in Gaza, but at this point it seems a distant prospect.

    Fighting could actually intensify in the wake of Sinwar’s death, given he has been held up among Palestinians in Gaza as a martyr and a hero, who went down fighting till the end.

    Meanwhile it looks like Hamas and its external backers are already readying to name a successor

    Hamas is likely to name Qatar-based Khalil al-Hayya as a successor to slain leader Yahya Sinwar, aligning it closer to Iran and giving its main backer more sway in the next stage of the group’s war with Israel.

    Al-Hayya is a protégé of Ismail Haniyeh, Sinwar’s predecessor who was believed to have been assassinated by Israel in Tehran in July. He has been leading indirect negotiations with Israel over both a cease-fire in Gaza and the release of hostages kidnapped by Hamas during the Oct. 7 attacks last year, which triggered the ongoing conflict.

    Currently there’s very heavy fighting in and around Jabaliya, which is a few kilometers north of Gaza City.

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    Israeli airstrikes have pummeled the area, providing cover for tank and ground forces, but several reports over the past days have pointed to huge civilian casualties, with dozens killed.

    Some 400,000 people are reportedly in Jabalia camp, and there are reports that the military siege has cut off most supplies of food, water, and medicine.

    Tyler Durden
    Sun, 10/20/2024 – 18:05

  • The Key To Happiness In America?
    The Key To Happiness In America?

    In the United States, having a job or career that you enjoy is considered a key cornerstone for leading a fulfilling life.

    As Statista’s Anna Fleck reports, according to a survey by Pew Research Center, 71 percent of respondents said that having a job or career that they like is either extremely or very important to feeling satisfied with their lot.

    Infographic: The Key to Happiness? | Statista

    You will find more infographics at Statista

    The next most popular perceived element for a fulfilling life was having close friends, with 61 percent of respondents picking the option.

    Having children, a lot of money or getting married were less highly rated.

    In the case of having children, 42 percent of respondents said it was not important, while 44 percent said marriage was not important.

    Women were slightly more likely than men to say that their job or career is important to achieving a feeling of fulfillment, at 74 percent compared to their counterparts’ 69 percent.

    Men were slightly more likely to say having children (29 percent versus women’s 22 percent) or marriage (28 percent for men versus 18 percent for women) were key to such perceived metrics of success.

    Tyler Durden
    Sun, 10/20/2024 – 16:55

  • CNN Panelist Says White People Should Be "Held Accountable" If They Don't Vote For Kamala
    CNN Panelist Says White People Should Be “Held Accountable” If They Don’t Vote For Kamala

    Authored by Steve Watson via Modernity.news,

    A CNN commentator declared Saturday that white people who don’t vote to “save democracy” won’t be able to “escape the accountability that they must face.”

    The remarks were made by Angela Rye during a discussion on the network in which she attempted to move blame for Harris’ dismal polling numbers away from black men.

    Rye stated “The responsibility of saving democracy should be on the largest demographic in this country that is white men and white women.“

    “Saving Democracy” by expressing a desire to get rid of it again.

    Also a bit racist no?

    Black people not expressing enthusiasm for Harris is white people’s fault.

    Maybe Obama needs to drop by to give them a stern lecture.

    How, exactly should white people be held accountable?

    It’s not rocket science as to why Americans, regardless of skin colour, don’t want to vote for Kamala.

    Every time one of these people opens their mouth, it only helps one side.

    *  *  *

    Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

    Tyler Durden
    Sun, 10/20/2024 – 16:20

  • Russia's Largest Explosives Plant Attacked In Night Of Over 100 Drones
    Russia’s Largest Explosives Plant Attacked In Night Of Over 100 Drones

    On Sunday Russia’s defense ministry (MoD) announced that over 100 Ukrainian drones were downed over several regions of Russia overnight, as Kiev’s cross-border drone operations have persisted and even been ramped up. Some apparently made it through, however.

    The military and its anti-air defense systems had thwarted “an attempt by the Kiev regime to carry out a terrorist attack using an aircraft-type UAV against targets on the territory of the Russian Federation,” the ministry said.

    Most of the inbound drones were intercepted over the Kursk region, scene of Ukraine’s cross-border ground assault which has been unfolding since August.

    In particular the MoD tallied that it intercepted or destroyed 110 UAVs, and nearly half of these were downed over Kursk not far from the border.

    Dozens of other drones were intercepted over Lipetsk Region, and Nizhny Novgoro and Oryol Regions. One was also downed near Moscow.

    The intended targets of the Saturday night attacks included more energy infrastructure and military sites and likely airports.

    But there are reports that some of the drones made it through Russian defenses, including on Russia’s “largest explosives factory”. Located in Nizhny Novgorod, the sprawling state-owned complex appears to have been hit:

    A source in Ukraine’s SBU security service told Newsweek that drones belonging to the agency, as well as Kyiv’s special operations forces and its GUR military intelligence arm, “struck the Sverdlov plant” in the city of Dzerzhinsk overnight, just west of the regional capital in Russia’s Nizhny Novgorod region.

    Nizhny Novgorod Regional Governor Gleb Nikitin said on Sunday that air defenses and electronic warfare systems had repelled a drone attack around the “industrial zone” in Dzerzhinsk. He did not specify the target of the attack.

    Several Russian Telegram channels, often used as sources of information in lieu of official statements, reported that Ukraine had targeted the Sverdlov explosives, chemicals and ammunition factory in Dzerzhinsk.

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    Russia’s military has downplayed these reports, saying only that “four employees of the fire department located on the territory of the industrial enterprise received minor shrapnel wounds.”

    But videos purporting to have captured the alleged drone strikes show a large fireball lighting up the night sky over Dzerzhinsk.

    Tyler Durden
    Sun, 10/20/2024 – 15:45

  • "Imagine What Government Agencies Could Look Like In 4 Years"
    “Imagine What Government Agencies Could Look Like In 4 Years”

    By Eric Peters, CIO of One River Asset Management

    “Imagine what government agencies could look like in 4yrs,” wrote an X employee as a caption for two images, presented side-by-side. On the left was a SpaceX Raptor engine from 2020, the mechanics of it a jumbled mess, wildly intricate, but still impressive, functional. On the right was the 2024 version of that same Raptor engine, its mechanics simple, sleek, as elegant as one could rightly imagine. More powerful, efficient.

    And Elon, fresh off the maiden return of a Starship Super Heavy booster, reposted the dual image, captioned with a single word: “Yup”.

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    “This is a custom-built tower with arms that are designed to catch the largest flying and heaviest flying object ever made and pluck it out of the air,” said Elon, pre-launch, his magnificent Starship on the launchpad, the largest and most powerful flying object ever made with more than 2x the thrust of the Saturn V moon rocket.

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    “It’ll weigh about 250 tons. We’ll make that lighter over time,” pledged the immigrant from South Africa, now suing the state of California for limiting his ability to increase SpaceX’s launch pace for purely political reasons.

    Even Democrat Governor Newsom came out in support of Elon on this one, chastising his own bureaucratic appointees, as the political winds show signs of shifting.

    “You got a couple hundred tons plummeting at more than half the speed of sound. So this thing is still coming in really fast,” said Musk, his Super Heavy Booster as tall as a 19-story building. “When the engines land… it’s gonna drop the velocity to basically zero and come in between the arms,” he said, describing the landing into his Mechanzilla.

    “The arms will be wide, and as it’s coming in, the arms will, will close, go flush against the side of the vehicle, and the vehicle will be descending through the arms,” said Elon, as Christine Lagarde cut rates 25 one hundredths of one percent, for the third time this year in an attempt to revive Europe’s moribund economy, admitting that she has not yet broken the neck of inflation, but believes she’s in the process of doing so. And as China pledged to print 4trln yuan ($562bln) in additional support for housing projects to try and support its slowly suffocating economy.

    “Excitement guaranteed, success is possible,” said Elon, willing to embrace the uncertain outcome, the risk of televised failure. “It is important in this often difficult and troubled world for there to be things that also inspire and make you feel great to be part of humanity.”

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    Progress

    “A fully and rapidly reusable rocket is barely possible. SpaceX is going to try to do it. We could fail, but we’re going to try to do it,” declared Musk in 2013. “The pivotal breakthrough that’s necessary, that some company has to come up with to make life multiplanetary, is a fully and rapidly reusable orbit-class rocket. This is a very difficult thing to do because we live on a planet where that is just barely possible. If gravity were a little lower, it would be easy. If it was a little higher, it would be impossible. It’s just a very tough engineering problem.”

    “I wasn’t sure it could be solved for a while. But then, relatively recently, probably in the last twelve months or so, I’ve come to the conclusion that it can be solved,” continued Elon racing forward, pursuing his American Dream. “And I think, SpaceX is going to try to do it. Now, we could fail. I’m not saying we’re certain of success here, but we’re going to try to do it. And we have a design that, on paper, doing the calculations, doing the simulations, it does work. And now, we need to make sure that those simulations and reality agree, because generally when they don’t, reality wins.”

    “The strong gravity of Earth makes the physics of a fully reusable rocket with positive payload margin extremely difficult to solve, which is why it has never been done before,” said Elon in 2014. “Removing the mass of landing legs from the booster and ship by making the tower do the work of final velocity attenuation greatly improves payload margin. This architecture also simultaneously substantially increases launch cadence, because the same arms that lift the booster and ship onto the launch stand also catch them, allowing immediate placement of the booster back on the launch stand and the ship back on top of the booster.”

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    “If you can move mass from the rocket to the ground site, it’s better to move mass to the ground site,” said Musk in 2021. “That’s why we took legs off the booster and just have the tower catch it. It sounds mad. I know it sounds insane. When I suggested that, people thought I lost my mind. Maybe I have,” he said, explaining the need to build Mechanzilla’s vast arms to catch his returning booster rockets, improving efficiency, lowering launch costs, one incremental improvement at a time. “It might take a few kicks at the can, but we’ll get it right.

    “Achieving materially positive payload margin to a useful orbit with a fully and rapidly reusable rocket has eluded prior attempts,” said Musk on Monday. “Many have tried to embark upon this path only to give up when it became clear that their design would have negative or negligible payload margin. This is an extremely difficult problem to solve, given the strong gravity of Earth, whereas it is easy on Mars and trivial on the Moon. In the early years of SpaceX, I was not sure that success was even in the set of possible outcomes! Starship is designed to achieve a >1000X improvement over existing rocket systems and, especially after yesterday’s booster catch and precise ocean landing of the ship, I am now convinced that it can work.”

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    “The next generation Starlink satellites, which are so big that only Starship can launch them, will allow for a 10X increase in bandwidth and, with the reduced altitude, faster latency,” said Elon on Friday, as SpaceX requested the FCC make “several small but meaningful updates” to its 2nd-generation Starlink network.

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    “Together, this modification and its companion amendment will enable the Gen2 system to deliver gigabit-speed, truly low-latency broadband and ubiquitous mobile connectivity to all Americans and the billions of people globally who still lack access to adequate broadband.”

    Tyler Durden
    Sun, 10/20/2024 – 15:10

  • Democrats Cheer As Lizzo Says: "Whole Country Be Like Detroit" If Kamala Wins
    Democrats Cheer As Lizzo Says: “Whole Country Be Like Detroit” If Kamala Wins

    Rapper ‘Lizzo’ boarded a private jet on Saturday ahead of a Kamala Harris campaign rally in Detroit, telling the less fortunate than her voters: “This is how a bad b*tch saves democracy. You ho’s couldn’t even spell democracy.”

    Even before Lizzo arrived in America’s most dangerous city, run by far-left Democrats for generations, she insulted everyone… 

    Who the hell talks like that? Also, why a private jet if the imminent global warming disaster is so dire? 

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    It gets even better because, at the rally, Lizzo told the crowd: “I’m so proud to be from Detroit. They say if Kamala Harris wins, the whole country will be like Detroit.” 

    Umm. Who is “they”? Obama? 

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    And, oh boy, X users ripped Lizo for claiming that if Harris was elected president, “the whole country will be like Detroit …” 

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    Detroit is dead. Meanwhile, innovation is happening at SpaceX’s Starbase in Texas. 

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    Most Americans are fed up with Democratic elites who have unleashed chaos and violent crime nationwide while attempting to undermine the Constitution every step of the way.

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    Kamala and her crew are out of touch as nation-wrecking inflation, sparked by her and Joe Biden, financially crushes households.

    Tyler Durden
    Sun, 10/20/2024 – 14:35

  • When Things Kinda Make Sense
    When Things Kinda Make Sense

    By Peter Tchir of Academy Securities

    When Things Kinda Make Sense

    I’m a contrarian by nature. I much prefer finding things that markets may be pricing incorrectly, to going along with the consensus. Usually there is no shortage of topics to pick from as a contrarian. Anything from China, to the quality of data, to the economy, to geopolitical risk, to valuations, but right now, I’m struggling to find an issue to get worked up about. Maybe this is the exception that proves the rule?

    In any case, let’s run through a variety of issues that, for better or worse, I think kind of make sense from a market pricing standpoint.

    Interest Rates

    For the first time in recent memory, I think rates are, more or less, priced correctly. As discussed last week in Little New to Say, it was getting more difficult to remain bearish on Treasury yields, though the bull case was even less convincing. The 10-year did eventually rally back to 4% on Wednesday, but then gave up most of those gains, and is stuck right around 4.1% again.

    We’ve argued in that report and in War, Inflation, and the Neutral Rate, that we might have seen a temporary bottom for inflation. The disruptions caused by hurricanes Helene and Milton could prove inflationary. The rebuilding efforts, which will begin in earnest as insurance checks hit, will also be inflationary. Again, I’m not alarmed that we will get a surge in inflation, but the easy part of the lower inflation story is almost over (the “simple” model of two distinct “Covid bumps” – one for goods and one for services – has been an effective tool in estimating the direction of inflation). You can find the “Covid bump” chart in Building the Case For Rate Cuts from early July.

    The Neutral Rate has become a part of virtually every bit of FedSpeak that we get. Almost all speakers agree that it is higher than they previously thought. So far, they seem to be channeling 3% to 3.5%, but I expect that to solidify to 3.5% to 3.75% sooner than later. We spent over a year over 5% and the economy has barely slowed!

    Having said all that, markets have largely moved to be in line with our take. They are still a bit more aggressive on the rate cut front than we are, and we think they are too complacent on the deficit and the longer end of the yield curve, but market rates are in our ballpark now.

    On the Fed cut front:

    • The market is pricing in 2.5 cuts in the next 3 meetings.

    • That isn’t far from our expectations. As discussed on Bloomberg TV last week, we are still pricing in 25 bps in November as a certainty. Bloomberg TV captioned our recent interview as Embarrassing for the Fed Not to Cut in November. The caption is a bit aggressive (it was 5:30 in the morning after all, and we covered a lot more ground), but I do think that for the sake of continuity and to support the decision to go 50 in September, they will cut 25 unless we get some extremely strong data. Then, I would expect a pause in one or both of the next 2 meetings. Our base case is only 2 cuts in the next 3 meetings, which means the market is “only” 0.5 cuts higher than us (the markets were 2 full cuts more than us a couple of weeks ago).

    • Our current outlook for next 3 meetings:

      • 50% chance of 25, 0, 25

      • 30% chance of 25, 25, 0

      • 20% chance of 25, 0, 0

    • The market doesn’t get below 3.3% on Fed funds until January 2026. That is a far cry from when it was below 3% by the summer of 2025 a few weeks ago. I think that it continue to inch up towards 3.6%, but my timing for that is early 2026. We are basically down to arguing over just about 1 cut, instead of 3, which is where we were. Again, all kinda makes sense.

    • That still leaves me slightly bearish 10s, primarily because I think 2s vs 10s should be 25 bps (though they closed at 13, which fits that “kinda right” vibe of today’s report). Also, I just see many more scenarios where we get another “buyer strike” as the realization that no one in D.C. is incentivized to control the growth of the deficit, rather than scenarios that see a surge in demand. For a range on 10s, I think 4% to 4.2%, but with more risk of a breakout to 4.5% than a breakdown to 3.75%. The 30-year is even more susceptible to a major move to higher yields from Friday’s 4.4% close (5% seems unlikely, but is a risk).

    Jobs and the Economy

    Following my view that seasonal adjustments have been wrong (adding too many jobs in the winter and subtracting too many jobs during the summer), we should be getting “clean” data. In fact, errors and issues surrounding jobs data have retreated from front and center for us, to more of a back burner issue. But, while issues addressed in The Fog of War have not been entirely resolved, they just aren’t our highest priority right now.

    While the hurricanes will cause some distortions, I expect the jobs data to be “okay.” Consistent with a bumpy/choppy landing – not signifying growth, but also not hinting that we might already be in a recession.

    Consumer data seems “mixed.” There are signs that spending remains robust, like this week’s retail sales data. There are also some signs that consumers, especially lower income ones, are getting stretched. Credit card debt, even adjusted for inflation (and wage growth), is getting to be a potential hurdle to further spending. We are seeing delinquencies (most noticeably in autos) tick higher. Regardless of which data you look at on this front, the trend has not been friendly. On the other hand, some metrics are still below 2018/2019 averages, so it shouldn’t signal panic, just something to watch.

    At the same time, some portion of that record amount of money in money market funds is held by individuals. Presumably, some of that interest gets spent, helping the economy. I think the surprise in this cycle will be that lower yields stall spending as most debts are locked in at lower yields and the lack of interest income will hurt households more than the cuts help (ok, I managed to squeeze in one “out there” view in today’s report).

    The Atlanta GDPNow estimate is at 3.43%! That is up from a recent low of 2.54% on October 1st. This number is a bit volatile, but even 3% would indicate a decent, even good economic backdrop, which I cannot disagree with.

    Our “bumpy” scenario is that some sectors will be doing well, while others struggle. Ditto for various regions of the country. Nothing that the economy can’t handle, but also not some overly rosy resurgence story.

    Earnings and Market Responses

    Taiwan Semiconductor announced earnings that helped that stock jump 10% on Thursday. The chip stocks did well, but not as well as TSM, and the Nasdaq 100 edged only marginally higher. To me, the response seemed kinda right. The epicenter of the move was on the stock that delivered the positive outlook, and the strength rippled out from there, but in what seemed appropriately proportional amounts. It didn’t cause the entire market to go into a furor of buying. Similarly, NFLX did extremely well on Friday (up 11%), but it seemed to be treated, correctly in my opinion, as a validation of their business, rather than some sign that all tech should rally! Yes, markets did rally on Friday, in part because of NFLX, but I think it had more to do with another effort by China to further talk up their markets and their commitment to stimulus. ARKK, which I still use as a barometer for “disruption,” was actually down on Thursday, again signaling “differentiation” rather than excessive speculation in the market.

    Breadth seems to be increasing as the Russell 2000 outperformed the other major indices and the equal weighted S&P 500 beat out the regular S&P 500 on the week (barely, but still, a positive sign for breadth).

    The fact that major companies, with large market caps, can move 10% on earnings, still seems a bit bizarre to me, but I like how the rest of the market performed around these earnings. It is as though we’ve built up a base and are being thoughtful, rather than just slapping the “BUY” button.

    I’m sticking to my assessment that the CCP needs the economy to turn around and will continue to add measures to prop it up (see China Stimulus Simplified). So far, they seem to be following our playbook as though they read the T-Report. One thing I do think the market is getting wrong, is assuming the Chinese stimulus will help the big global companies, when I believe it will be as targeted as possible to support domestic brands, as part of the transition from Made in China to Made by China.

    I’m still concerned about valuations in some areas and think there is a big risk if we see any signs that spending on AI is slowing or even being questioned. It is just as easy (or maybe easier) to have 10% down days. In general, I do think the market behaved rationally relative to the news flow recently.

    Finally, from a purely “Market Structure” standpoint, we continue to have the risk that a lack of liquidity can cause larger-than-rational moves in either direction, where the chance of very large single day moves to the downside heavily outweigh the odds of a big day to the upside.

    Credit Markets

    Remember when we asked How Tight Can Credit Spreads Go? Well, the market continues, maybe begrudgingly, to move in our direction. We listed multiple reasons to remain so bullish credit. We have reiterated some in recent reports, but I urge you to go back to this report from July to see the entire list, since the reasons are all still in play.

    The Election

    If saying credit spreads, already tight, are likely to go tighter, isn’t treading into dangerous waters, then bringing up the election certainly is.

    Gridlock. That seems to be the one thing markets and most polls agree on. Most things I see point to a House of Representatives won by the Democrats and a Senate won by the Republicans. So long as that seems to be the base case, then it doesn’t matter as much who wins the presidency, as their ability to create real change will be limited. It also fits with a view (which I hold) that people who vote against someone (rather than voting for someone) are more likely to split their ticket. They want to vote against someone, but don’t want to give, whoever they vote for, too much power.

    We are starting to spend time thinking more seriously about potential outcomes and policies and expect to publish early this week on the subject, but for now, we think the markets are moving in regard to election headlines.

    Geopolitics

    Academy’s Geopolitical Intelligence Group published a SITREP on Israel Kills Sinwar. There are ongoing developments this weekend and we continue to expect Israel to retaliate against Iran directly. While the death of Sinwar may open the door to some truce with Hamas, that is far from certain. In any case, Israel is likely to continue to prosecute their war with Iran’s other proxies and Iran itself.

    The markets seem entirely focused on whether or not Israel (or Iran) will do anything to disrupt the flow of oil. So long as that seems to be off the table (which was the indication that we were given this past week), markets will not pay too much attention to the situation. Yes, participants in markets are paying close attention to all of the suffering and death, but that does not translate into markets moving, unless we get significantly more escalation and expansion (even then, the reaction in markets is likely to be muted unless energy supplies are affected). It seems harsh to write this (and it probably is), but there is a significant difference between human tragedies and what can move markets.

    Owning energy (rather than Treasuries) is the best way to hedge any escalation. Though at 4.1%, it is less unreasonable to own some Treasuries as a hedge to geopolitical risk (though I don’t think it will be as successful as owning energy).

    Bottom Line

    Rates, call it slightly bearish, but just barely (low conviction and small sizes).

    Credit, still dull and still a great place to be.

    Equities, Chinese stocks, value, small caps, and equal weight indices all look attractive. Still too worried to fully commit to the stocks with the highest valuations/multiples/best moments, but I did like how the market behaved (though I’d add to the laggards rather than to the year-to-date winners). Finally, things seem to be falling into place for commercial real estate bets. I would have liked to see a lot more “clearing transactions” where we developed a true clearing price as I’m told there still is a difference between what buyers are willing to pay and what sellers think they deserve. But everything from the end of rate hikes to more “Work From Office” headlines, makes me want to add exposure here.

    Tyler Durden
    Sun, 10/20/2024 – 14:00

  • Boeing Explores Asset Sales In Potential Shrinking Of Corporate Footprint 
    Boeing Explores Asset Sales In Potential Shrinking Of Corporate Footprint 

    The Wall Street Journal reported Sunday morning that Boeing is mulling over asset sales to raise cash levels for its struggling business. On Saturday, Boeing and union heads reached a tentative labor contract agreement that could soon end the money-draining months-long labor strike, while early last week, the planemaker filed a $25 billion shelf registration to provide a “variety of capital options as needed to support the company’s balance sheet over a three-year period.”

    The new report cites a person familiar with a recent discussion between Boeing’s board and executives at its headquarters in Arlington, Virginia. The meeting centered around potential asset sales, as executives and board members combed through internal reports on the state of each of the planemaker’s units. 

    Just weeks ago, Boeing CEO Kelly Ortberg told employees, “We need to be clear-eyed about the work we face,” adding, “We also need to focus our resources on performing and innovating in the areas that are core to who we are.”

    Ortberg replaced Dave Calhoun as the president and CEO of Boeing on August 8. He is expected to comment publicly for the first time as CEO on Wednesday, following the International Association of Machinists and Aerospace Workers’ vote on the new labor contract. The company estimated the strike to cost $1 billion. It warned of a $6 billion quarterly loss for the period ending September 30. 

    On Tuesday, just days after Boeing announced plans to cut 10% of its workforce due to intensifying financial pressure, such as dwindling cash reserves and mounting risk of a credit downgrade, as well as prolonged strike, the beleaguered planemaker filed a $25 billion shelf registration

    “This universal shelf registration provides flexibility for the company to seek a variety of capital options as needed to support the company’s balance sheet over a three-year period,” Boeing wrote in the filing. 

    Separately, Boeing entered into a $10 billion “supplemental credit agreement” with a consortium of lenders. It noted that the credit facility provides “additional short-term access to liquidity as we navigate through a challenging environment,” adding that it has not drawn down on this facility or its existing credit revolver. 

    Boeing has already considered selling its rocket-launching joint venture, United Launch Alliance, with Lockheed Martin to Sierra Space for $2-$3 billion. Also, Boeing’s space division is in crisis following the malfunctioning of the Starliner spacecraft.

    Separately, Boeing’s competitor, Airbus, laid off 2,500 jobs in its space division, as Elon Musk’s SpaceX dominates rocket launches and leads the space race in this solar system. 

    Boeing’s obsession (Wall Street’s obsession) with DEI, climate, and gender justice ultimately dealt the fatal blow. It’s time to refocus on the fundamentals, like building planes that actually stay in the sky. Is that a hard ask, Boeing?

    Tyler Durden
    Sun, 10/20/2024 – 13:25

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Today’s News 20th October 2024

  • The Final Countdown
    The Final Countdown

    Authored by Jeremiah Hosea via Substack,

    A dignified life, or dehumanized technocracy — which would you prefer for your children?

    As you may have noticed, I do enjoy lists. I suppose they appeal to my sense of order. The following is a list of fundamental principles that were strangely, as if by hypnosis, abdicated during the Convid Scamdemic.

    I hope you enjoy, as do I, the novelty (at least for this Substack) of presenting this particular list in countdown format!

    8. Do Not Trust the Government — how anyone could not understand this principle by now is beyond me. You don’t need to refer to ancient history to reach this conclusion. You don’t even need to have read Machiavelli (although I highly recommend you do). Just look at recent history and you will be provided with numerous examples indicating that no private citizen should ever trust the government.

    The Tuskegee Syphilis Experiment was even invoked by some of the poison pushers during Covid in patronizing efforts to assuage vaccine hesitancy. It was mentioned dismissively as though it were something that happened a million years ago and would never happen again. Yet every thinking person should take stock of this nightmarish event. It was medical torture that transpired over the course of 40 years and was presided over by the CDC. Yes — the same CDC.

    Politically, since the turn of the new millennium, we have been treated to a continuous barrage of psyops and wars, wars and psyops. The dubious nature of the 2000 election, the unanswered questions surrounding 9/11, the lies about WMDs that resulted in catastrophic war in Iraq, the total bailout of the banks in 2008 with not as much as a life-raft for the people, the Flint Michigan water crisis, the annihilation of Libya — we could go on and on and on in reciting examples of negligence, malfeasance and heinous actions carried out by our government irrespective of which political party held the presidency at the time. (I insist they are one party pretending to be two.)

    How could one claim to have observed history and then fail to notice that virtually every major government project done in opposition to an enemy whether literal or abstract, from all the senseless catastrophic wars against regimes to the fruitless and counterproductive “War on Drugs” and then “War on Terror”, have been entirely negative in both nature and results?

    Whenever the government announces (or doesn’t announce) it is embarking on some grand new endeavor, usually something catastrophic is underway.

    During Covid, I didn’t just see people fail to be suspicious of a government that had thoroughly earned our distrust, I had the even more harrowing experience of witnessing people I had known previously to be “critical thinkers” suddenly devolve into people incapable of any critical thought whatsoever.

    7. Don’t Trust Major Corporations, Especially Big Pharma aka Big Harma — what is a corporation? It is an instrument designed to maximize profit in the marketplace. In capitalism ruthlessness, relentlessness and an amoral approach are all considered admirable traits.

    The willingness of a corporation to poison, pollute, injure or even kill is requisite to compete in the upper echelons of the market place. Major corporations do not have a track record of admitting fault or confessing guilt. They do not have the tendency of “taking things down a notch” for the sake of the environment, or human dignity or being reasonable. The ends absolutely justify the means and therefore, nothing is off-limits in the pursuit of maximizing profits. If there is collateral damage, or if a few fines need to be paid along the way — so be it. That will all be neatly filed and tucked away under the label of “the cost of doing business.” This description shouldn’t shock anyone — I am merely describing the spirit of capitalism and the spirit of corporatism.

    Big industry from the military industrial complex to Big-Agra is thoroughly out of hand, but there’s something particularly disturbing about the corruption of the pharmaceutical industry as it pertains immediately to our health, the health of our children and the health of our families and communities. We should all be more than concerned that the oath stating, “first do no harm” has been jettisoned entirely.

    Giving legal indemnity to corporations (especially ones with felony backgrounds) is a recipe for guaranteed disaster. There should be a law against making such laws. The National Childhood Vaccine Injury Act of 1986 which gives liability protection to vaccine manufacturers needs to be overturned immediately and put in its historical place as an anathema to the proper drafting and passing of laws.

    6. The Right to Question — the right to question should be unquestionable. We claim to value education and up until recently intellectual curiosity was considered a good attribute. When Covid came along all the sudden “doing your own research” aka reading was suddenly being demonized. Who has ever heard of such a thing? And how can the people discouraging critical inquiry consider themselves to be the intelligent ones? It’s adjacent to the question, “when were the censors the good guys in history?”

    Questioning is good. Robust dialogue is good. The notion of sterilizing mistakes or incorrect ideas out of discourse is totalitarian. In fact, clarifying and the correcting of mistakes usually offers a great opportunity for education and enlightenment. Moreover, to attempt to gain an understanding even to venture into the taxonomy of an unfamiliar field or discipline does not mean that the inquirers suddenly become professionals in that field — no reasonable person would suggest that. It is simply to have gained some understanding in a new area. This is a good process and not a negative one.

    As my friend Ryan Cristian of Last American Vagabond ( TheLastAmericanVagabond.com ) says at the end of every program, “Question everything.”

    5. Freedom to Associate — the government has no right whatsoever to prevent us from seeing our families or friends when we are not engaged in criminal actions and are not meeting to engage in criminal conspiracies. Lockdowns (which varied in severity from country to country and county to county) were a flagrant violation of our natural rights. Just as the government cannot protect us from any act of God — the notion that they can protect us from a respiratory ailment by restricting our movements is not only blatant overreach, it’s medically and scientifically without merit.

    The falsehood of the “asymptomatic carrier” was the fraudulent basis for movement restricting policies. It should be accepted, however, that policy makers have no influence, no sway whatsoever in regard to the virome. Even if they did, a declared emergency should not be grounds for the suspension or removal of our rights. Yet what transpired during Covid and the lack of resistance from the public that went along with it, has set the stage for future abuses.

    4. Freedom of Religion — I feel an enormous spiritual feeling but I do not identify with any particular religion or religious text. My beliefs, however, as well as the beliefs or non-beliefs of every individual are irrelevant — our country, like every free society, allows for freedom of religion. It is not the job of the mayor, governor, president or any appointed or elected official to arbitrarily suspend the fundamental right to worship and practice one’s religion.

    It makes no sense to impose policies to protect a religious person from illness, when most religions are rooted in the concept of preparing the practitioner for death. For most religious people their religious practices are part of their well being. It is not up to power brokers to determine when devout persons can practice their religions or when congregations can congregate.

    Allowing liquor stores to remain open while churches and mosques were ordered closed, highlights the perfectly baseless and arbitrary nature of lockdown policies. (I cringe when I use the word “allow” because We The People should have never “allowed” the state to have as much as an impression that they could impose any of this unfounded rubbish.)

    Just prior to Covid, religious exemptions for vaccines required to attend school were overturned in New York and California. (Looking back, that was a red flag and helped set the stage for the bio security State that was about to emerge.) How is that possible? How can the government arbitrarily decide that their rule is more powerful than your religious belief and conviction to God Almighty? Who do they think they are? Religious exemptions should never be overturnable.

    3. Haste Makes Waste — Haste makes waste is a truism. It is well known that it is better to be well prepared than rushed. It’s a principle also known as the 6 P’s — proper preparation prevents piss poor performance.

    It’s better to be a well-rehearsed band than an under-rehearsed band. It’s better to be a well practiced basketball team (like the Spurs) than a team that hasn’t practiced enough. It’s better to be a well-prepared actor than an unprepared actor. It is better to have an experienced surgeon and not a medical student. Everyone knows that haste makes waste, yet somehow this axiomatic principle was disregarded in the case of “Operation Warp Speed.”

    “Warp speed” implies mistakes. It implies lack of regulation and oversight. More than imply, it means — no long term safety data. It means rushed-to-market. It means “safe and effective” is inherently a lie because they didn’t have sufficient time to confirm its safety or effectiveness.

    It’s mind numbing that not only did supposedly intelligent people insist that such a massive undertaking (Operation Warp Speed) could be executed without any noticeable reduction in quality, but then proceeded to aggressively insult and gaslight those who raised this most obvious concern.

    Despite the notion that anyone who refused the experimental injections was doing so based on elaborate conspiracy theories, I spoke to many people who told me firsthand that their hesitancy or outright refusal was based on the simple fact that the whole thing was done too damn fast.

    2. Body Sovereignty — sovereignty over one’s own body is the most fundamental of fundamental rights. It is the right from which all other rights emanate. If your body sovereignty is compromised, you are a compromised individual and you are not a free person. You may aspire to freedom, but you are not free.

    Mandating Covid “vaccines” (products falsely marketed as such) was a violation of the Constitution†, the Nuremberg Code†† and first and foremost natural law. No person should be forced to eat anything, watch anything, participate in anything — least of all an invasive medical procedure — against their will. It’s incredibly sad that this has to be discussed or debated whatsoever in the United States or any modern society for that matter.

    1. No means No — I have most certainly emphasized this in previous articles. I will exercise here the literary technique known as sufficient redundancy and reiterate that — No is the most important word in the dictionary. No is sacrosanct.

    We teach our children, and rightfully so, that they always have the right to say No. If something doesn’t feel right — No. If you don’t feel safe — No. If you are being asked to compromise your dignity — No. The word — No — by itself, is a complete sentence. This principle, of always having the right to say No, does not have an expiration date. It’s not just for children. It is fundamental to human dignity.

    It is an abomination, that the right to say No was violated across the whole of society. What a terrible example for our children, and if we don’t change things now — what a terrible inheritance for them as well.

    Tyler Durden
    Sat, 10/19/2024 – 23:20

  • Ottawa Launches Consultation On Forced Labour Crackdown Amid China Scrutiny
    Ottawa Launches Consultation On Forced Labour Crackdown Amid China Scrutiny

    Authored by Andrew Chen via The Epoch Times (emphasis ours),

    Ottawa, Canada has launched a public consultation on new measures to curb imports of goods made with forced labour. The move comes amid increased scrutiny of China’s use of forced labour involving persecuted groups.

    People line up inside the Artux City Vocational Skills Education Training Service Center, which has been revealed to be a forced indoctrination camp, in Artux in western China’s Xinjiang region on Dec. 3, 2018. AP Photo/Ng Han Guan, File

    International Trade Minister Mary Ng announced the public consultation on Oct. 16, saying that it aims to strengthen the enforcement of the ban on importing forced labour goods in alignment with the Canada-United States-Mexico Agreement (CUSMA) and actions taken by allied countries.

    During this public consultation, the government will seek feedback on improving enforcement of the import ban, according to a separate release on Oct. 16. Proposed measures include publishing a list of items at risk of being made with forced labour, based on guidelines from the International Labour Organization (ILO). A “minimum traceability” process was also proposed, requiring importers of these items to provide more information about where their products come from.

    Additionally, the proposed changes could affect how costs are handled. Importers of goods found to be made with forced labour would have to pay for all costs related to detention, removal, abandonment, and forfeiture. This would include transportation, storage, and disposal fees.

    Citing an ILO report on modern slavery, Ottawa noted that an estimated 27.6 million people were subjected to forced labour worldwide in 2021, an increase of 3 million since 2016. Children represented about 12 percent of those affected, totalling 3.3 million.

    Forced Labour in China

    The announcement comes amid increased scrutiny of forced labour in China.

    Last month, four U.S. lawmakers urged Minister Ng and American and Mexican CUSMA trade representatives to bolster the enforcement of bans on forced labour goods from China. These lawmakers have been key proponents of the Uyghur Forced Labor Prevention Act, which aims to fight what they call China’s “widespread and systemic use“ of forced labour to exploit Uyghurs and other Turkic Muslims in the Xinjiang region.

    The U.S. lawmakers urged CUSMA members to take further action to prevent the import of goods made with forced labour into North America, expressing frustration that a shipment of solar panels, denied entry into the United States due to concerns about forced labour, was later imported into Canada and then attempted to be re-exported to the United States.

    The issue has also been studied in recent years in parliamentary committees in Canada, with human rights activists urging more action by Canadian lawmakers to curb China’s forced labour practices.

    “The Subcommittee [on International Human Rights] was advised that Canada should adopt a ’reverse‑onus’ policy for companies importing products from Xinjiang, or other parts of China where forced labour is prominent. Such a policy would require importing companies to demonstrate that forced labour was not used in the manufacturing of their products,” reads a March 2021 report published by the subcommittee.

    Since 2021, the Canada Border Services Agency (CBSA) has intercepted and assessed around 50 shipments of goods for suspected involvement with forced labour, according to an earlier statement to The Epoch Times. Six shipments were monitored for export out of the Canadian market, and one was abandoned by the importer at the border. The remaining shipments were allowed entry following a review of supply chain information provided by importers.

    The Government of Canada expects companies to take every step possible to ensure that their supply chains conform to Canadian law. It is the responsibility of the importer to exercise due diligence to ensure forced labour is not directly or indirectly used in the production of the goods it imports,” CBSA spokesperson Luke Reimer said on Sept. 26. 

    One well-known case involved a shipment from China that was intercepted in Quebec in fall 2021, but it was ultimately allowed entry. Reimer said that this decision came after the importer requested a review of the tariff classification. Upon examining the submitted documents, it was determined that the goods did not meet the criteria for seizure related to forced labour.

    Canada has imposed an import ban on goods produced by forced labour since an amendment to the Customs Tariff Act took effect on July 1, 2020. The following year, it also launched an analysis of supply chain risks related to forced labour in China.

    In January, a law aimed at fighting forced labour and child labour in supply chains came into force. Previously known as Bill S-211, this law requires the head of every government institution involved in producing, purchasing, or distributing goods in Canada or elsewhere to submit an annual report to the minister of public safety by May 31 each year.

    Tyler Durden
    Sat, 10/19/2024 – 22:45

  • The Omniwar Is Everywhere
    The Omniwar Is Everywhere

    Authored by Joe Allen via BombThrower.com,

    The Omniwar Symposium was well worth watching in full. It hits many points I’ve been covering for years now, from transhuman ambition to religious inversion. Even so, there was plenty of new material for me to sink my teeth into. All the presenters are admirably learned and articulate, so the info went down easy.

    Their overarching thesis posits an all-encompassing assault by elite powers on mass populations – the fat cats against “the people.” This is a global war, waged alongside various inter-elite geopolitical conflicts. In the long view, the omniwar is a struggle to establish a technocratic hegemony. It is a fight to crush our freedoms. It is a war against humanity.

    By and large, this accusation is a response to the traumatic Covid measures brought down on the citizens of nearly every nation on earth. I may disagree with the symposium’s ultimate conclusions—especially those godforsaken nanobots—but they’ll get no argument from me about the 2020 terror campaign. In America, people in most states saw their rights trampled upon. Corporations and the federal government forced vaccination under penalty of unemployment. Lives were upended. Family ties were broken. It was a crime against human dignity.

    Those were treacherous times. Without future safeguards, they’re likely to be repeated ad nauseam. One key component of resistance, though, will be to attack the system with precision, and not allow ourselves to get lost in puerile fantasies.

    The symposium included my friend Patrick Wood, who has taught me a great deal about technocracy and transhumanism. His presentation was characteristically lucid, from the early history of the technocracy movement at Columbia University to its continued relevance in our present era. “Technocracy is the science of social engineering,” Patrick quoted from a 1937 issue of The Technocrat, “the scientific operation of the entire social mechanism to produce and distribute goods and services to the entire population.”

    The Covid crackdown was nothing if not technocratic in essence. Governments used “the numbers” to lock down their citizens and neutralize their justified protests. Drug corporations hid the real numbers to deny their customers’ vaccine injuries. Both colluded to form impromptu biosecurity states. These people should all burn in hell—at least for a little while.

    Despite the normie-con temptation to attribute everything to “Marxism” (which is sort of like Jew obsession, minus the nepotism and alleged moneylust), Patrick drew a clear distinction between technocracy and communism. “Marxists hated technocracy with a passion,” he explained, “and for good reason: technocrats would push man out of the picture altogether, resulting in a hierarchy of scientific dictatorship run by scientists and engineers.”

    That insight doesn’t play well with TV-brained Fox News fans, but I appreciate the nuance. “Technocracy wanted to do away with all political systems,” Patrick went on, “including communism and socialism.”

    Similarly, while acknowledging that most technocrats and transhumanists begin from atheistic premises—viewing the organic world as a system of interlocking mechanisms—Patrick emphasized that not all atheists are technocrats or transhumanists. Such distinctions will be critical going forward, lest we come off like torch-bearing witch-hunters.

    As it happens, a recent paper by one Omniwar participant, Daniel Broudy, inspired me to resume my research into nano-scale technology. The idea is that the Covid jabs—and perhaps chemtrails streaking overhead—contain sophisticated nanobots which can be activated by 5G routers to monitor or manipulate a subject’s body and brain.

    Some say these self-assembling vaxxbots can kill a man like tiny ball-busting pagers floating through his bloodstream. Click… BOOM!

    I remain unconvinced.

    In fact, an expert commentary hastily published by the same outlet as Broudy’s paper—the International Journal of Vaccine Practice, Theory, and Research—flatly states there are “No Nanobots in Vaccines — Just Lipids on the Loose.” But in sensationalist vaxxbot circles, the psychological damage has already been done and the clickbait money already extracted.

    Broudy avoided all mention of the nanos during his Omniwar presentation, leaving that to his co-authors Lissa Johnson and David Hughes. Instead, he focused on the broader sociological implications of technocracy. The presentation was well-written, and he read it from his screen with eloquence. His main point was that our leaders treat us like cattle, using surveillance and mind control to herd the masses at will.

    My regular readers will know I agree with that up to a point. But a one-dimensional characterization misses two vital elements. First off, anyone who’s carefully studied the transhumanist literature knows that “liberty” and “morphological freedom” are key principles that complicate any top-down oppression narrative.

    Second, and just as important, is the dark reality that—much like large-scale technocratic institutions treat mass populations like cattle—many business savvy “freedom fighters” have captured the imaginations of smaller sub-populations, filled their heads with sci-fi delusions, and made off with their minds (and money) like web-crawling cattle-rustlers.

    Speaking about large-scale control systems, though, Broudy did include one quote from Bertrand Russell’s essay “Scientific Technique in an Oligarchy” that really captures the menace of our age. In his original passage, Russell highlights the “evils” of Soviet Russia and the “atrocities” of the Nazis, looking ahead to the more insidious possibilities of scientific totalitarianism. For whatever reason, Broudy omits Russell’s obvious disdain for communism, fascism, and dictatorship, but his excerpt is relevant nonetheless.

    “Diet, injections, and injunctions will combine,” Russell wrote in 1951, “to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.”

    Broudy pairs this quote with the 2016 slogan “You’ll own nothing and be happy,” which, to Broudy’s credit, he traces not to Klaus Schwab—as is fashionable—but rather to its original source. Even so, Broudy’s presentation had the effect of flattening the problems of our era to some World Economic Forum-centered conspiracy. If only life were so simple.

    Lissa Johnson gave the most compelling talk, describing “transhumanism as a military-intelligence operation with Covid-19 as a supporting psychological operation.” Her literature review of military, government, and corporate documents was superb. She cited a number of white papers I’d never seen before, so I’ve been following her trail for several days now. This new information has been illuminating, and for that I’m grateful.

    In fact, I highly recommend you listen to her talk in full. If that piques your interest, do read the four-part series that Johnson co-authored with Daniel Broudy and David Hughes. The information they marshal is of great interest, although I suspect their literalist, overly imaginative conclusions will do more harm than good. That’s for you to decide. (Well, you and objective reality, if anyone can grasp such a thing.)

    Two themes from Johnson’s presentation really hit me: the “manipulation of reality perception” and the recurring dreams (and nightmares) of advanced nanotechnology. It’s true that, by their very nature, psychological operations are methods of perceptual manipulation. It’s also true that advanced nanotech transmitters—whether administered via injection or aerosol—are a long-standing goal of both military and medical authorities. Yet there’s an ironic connection between these two notions that Johnson seems to miss.

    If, as Johnson, Broudy, and Hughes suggest, the human race is presently being seeded with self-assembling nano-scale circuitry or full-blown nanobots—whether injected into arms or dropped from fake clouds—then we live in a nightmare world of invisible creepy crawlies. These are basically UFOs in your bloodstream: unidentified floating objects. They can’t stop Covid, apparently, but they can monitor your vital signs and control your mind.

    On the other hand, if such nanotech still remains in a fantasy realm alongside quantum computers and artificial superintelligence—both of which attract billions in funding, with little more than neat parlor tricks to show for it—then Johnson et al. are leading people to chase invisible Easter Bunnies down a rabbit hole to nowhere.

    Whether they mean to or not, they also discredit any real resistance to governmental technocracy and corporate transhumanism by activating delusional loud-mouths.

    “Don’t ya’ll worry about no mRNAs in them shots. It’s the nanner bots that’ll get’che!!”

    Indeed, if viable, mass-deployed nanobots do not yet exist, then vaxxbot alarmism is itself a psy op. It’s a “manipulation of reality perception” that convinces dupes to believe their vaxxed friends and family are 5G-controlled zombies, or that airborne nanos are falling from the sky like demonic snowflakes. In that case, the evil vaxxbot is part of a “simulated reality” that rips people’s minds apart.

    Johnson et al. do a great job of showing intent, though. No one can deny that well-heeled scientists and government agents want to use nanotech to cure illness—and to deploy nanos as weaponry. This is hardly a secret. You can find bold statements of intent everywhere, from best-selling books to YouTube videos posted by the would-be perpetrators themselves.

    It’s far more difficult to prove that secret agents are deploying invisible nanotech right now. Johnson primes the pump with her more articulate version the oft-repeated mantra: “Top secret tech is decades ahead of anything we see today!!” To support this notion, she cites the former head of NASA’s Langley Research Center, Dennis Bushnell, whose infamous 2001 slideshow “Future Strategic Issues/Future Warfare [Circa 2025]” has been making the rounds for many years.

    Johnson goes through a list of exotic technologies—genetic engineering of human beings, implantable electronics, nanobots, smart dust, biocomputing, artificial life, etc. She then interprets a vague bullet point on Bushnell’s slide as meaning “such technologies remain in inventory for over forty years” so they were “no pixie dust” back in 2001. If I understand Johnson correctly, she’s saying classified technology is already forty years into the Future™!

    To support this mythos, Johnson cites the Harvard science historian Peter Galison, who once argued that “classified scientific research is five to ten times larger than what we see in the open literature.” That wildly imprecise estimate seems overblown to me, but for the sake of argument, let’s assume this is true.

    Why should we assume this galaxy of classified R&D has produced a slew of viable technologies? Think of it this way:

    Two primary objectives of nanotech are to cure disease and reverse aging. If our clandestine agencies have nanos that are decades ahead of what we see today, why are Ray Kurzweil and Klaus Schwab deteriorating before our eyes? Wouldn’t they be among the first to get a neurological nano-boost, or at least a cellular face-lift?

    Have their minds been uploaded to a secret metaverse for the elite, leaving their senile husks to babble onstage?

    As a thought experiment, let’s imagine Bushnell’s speculative NASA slideshow contains literal descriptions of existent tech in 2001—actual “‘Bots and ‘Borgs” and “wonderous/ubiquitous land/sea/air/space multiphysics/hyperspectral sensor swarms.”

    Okay then, why are two astronauts still stranded on the International Space Station? And why are windows blowing out of Boeing aircraft? Are NASA and Boeing pretending to be incompetent so no one looks for their secret moon base?

    I’m serious.

    To be fair, Johnson does confront the question: “Where is the tangible R&D?” However, her evidence is just another series of quotes from think tank employees and military propagandists who talk about all the great stuff they’re doing—i.e., justifying their paychecks. Johnson then cites a handful of well-funded nanotech projects. Allow me to put forward a counterpoint: so far, these people have wasted a lot of money for next to nothing in return.

    Johnson presents exactly zero evidence that labs have produced self-assembling nano-scale circuitry or nanobots that are ready to be deployed on a dozen people in the wild—let alone half the world’s population. Even worse, she goes on to show us crudely rendered cartoons of proposed biodigital networks as evidence of mature technologies. She concludes by defending certain “scientists” who claim to find vaxxbots under their microscope lenses (which, again, was sternly rebutted here).

    “It’s not pixie dust,” Johnson insists. Indeed, I’m more inclined to believe pixie dust actually exists.

    Johnson and Broudy’s co-author, David Hughes, won me over at first during his Omniwar presentation. He and I share an appreciation of the satanist-hunting schizoid, Vigilant Citizen, whose dot-connecting analysis of mass entertainment amused me for many years—at least until VC went behind an esoteric paywall. Even if our metaphysics differ, I thought to myself, Hughes and I would probably have much to discuss over a couple of pints.

    Then, as if to taunt me, Hughes went on to proudly endorse the harebrained theory that the World Trade Center towers were brought down by “directed free-energy technology”—a.k.a. space lasers. With a calm and confident British accent, Hughes suggested our “elite rulers” are lying about “finite resources” on earth so they can exert “global centralized control.”

    “What happens, then, if all of that is a founding myth? What happens if there is such a thing as free-energy technology?” Hughes asks skeptically. “What happens if there actually is the possibility of limitless abundance in the world? These are the things that people need to know about, because it really exposes the foundation of the control system.”

    Good questions. Allow me to pose another. What happens when the Skeptoid Ouroboros leads an otherwise sharp individual to abandon centuries of scientific research in favor of unlimited oil and magic “pixie dust” technology?

    Is the ultimate objective for “the people” to get their hands on this “free-energy technology” so we can, I dunno, inject ourselves with life-extension serum or build space communes on Mars?

    Look, I’m gonna let you in on a dark secret of the cosmos: most people will believe anything. That includes a belief in absurd technologies, whether benevolent or malevolent. A person’s high IQ is no protection from that tendency. In fact, due to the ample mental space a big brain provides, it’s oftentimes a handicap.

    To paraphrase Mork: “Nano, nano.”

    I humbly suggest that Johnson, Broudy, and Hughes look up from their stacks of white papers for a moment and think about what they’re saying. If top secret projects really are “twenty years ahead of anything we see today,” there would be an unknown continent where flying cars buzz around AI-controlled cities running on cold fusion generators. Maybe scientists there are using time machines to bring back dinosaurs for the local zoo.

    No one can prove a negative. So I cannot prove that ubiquitously deployed nanobots don’t exist. Nor can I prove that viable flying cars (not those wobbly mini-copters) and sustainable cold fusion are only pipedreams clogging up the patent office. It’s a big world out there. What do I know?

    But after five hours of listening to the Omniwar Symposium, I’m less convinced of vaccine- or chemtrail-borne nanos than when I began. Instead, I’m even more convinced that internet-borne memes can attach themselves to a person’s brain and detach his or her consciousness from objective reality.

    I am not arguing that the vaxxbot theories floated by Johnson, Broudy, and Hughes are untrue. I am saying I don’t believe them. Their source material is of great value and I commend their research efforts. But their aggressive conclusions are unconvincing.

    As for my readers, I encourage you to listen to this trio, to read their papers carefully, and draw your own conclusions. By now you know I have no intention of telling you what to believe. Not that it would matter if I did. If there’s one thing I’ve learned over the past few years, it’s that people will believe whatever they like.

    *  *  *

    Subscribe the Bombthrower mailing list to get these pieces as they drop, you’ll also receive a free copy of The Crypto Capitalist Manifesto. Sign up for Joe Allen’s Singularity Weekly here.

    Tyler Durden
    Sat, 10/19/2024 – 22:10

  • "Consumers Running Out Of Money": Former Target Exec Offers Dire Warning Ahead Of Christmas
    “Consumers Running Out Of Money”: Former Target Exec Offers Dire Warning Ahead Of Christmas

    US corporate media outlets continue to push propaganda that the economy thrives ahead of the presidential elections, cheerleading the most recent retail sales print. However, most Americans know MSM is full of ‘malarkey’ because inflation and interest rates force many to spend more but receive less. Many folks have depleted their personal savings and racked up insurmountable credit card debt just to keep up with rising food, energy, insurance, and shelter costs. This toxic mix of inflation, sparked by failed Bidenomics, has hit low- and middle-income families the hardest, potentially leading to a breaking point this upcoming holiday shopping season.

    “It’s very clear that consumers are running out of money. They’re increasingly stressed by inflation and the exhaustion of their pandemic-era savings. When you take a look over the last several years, what you see month after month, everyone talks about, the consumer’s still spending. They might be, but they’re spending less than the growth of inflation,” Storch Advisors CEO Gerald Storch told Fox Bussiness’ Maria Bartiromo on Thursday during an interview. 

    Bartiromo then asked Storch about his forecast on the upcoming spending season between Black Friday and Christmas. The former Target executive said, “[I don’t expect] too much, frankly … and think that [if] we can get growth in [the] 2.5% range, that’d be doing pretty well, and that’s not very good. In the heydays there, we’d really want to see something that’s more like 4% type of growth. You have, by the way, the shortest holiday season you can even imagine, so that’s against retailers.” 

    Besides Target, Storch was also the former CEO at Toys “R” Us. He noted, “Now and the time between Thanksgiving and Christmas is very, very short, so that’s going to be bad. The election’s going to weigh on things and the geopolitical situation as well, so I think it’s going to be a pretty weak Christmas.” 

    The longtime retail executive’s ominous warning about consumers stalling this holiday season comes after retail sales showed consumers increased their purchases at retailers last month. However, this is only because of higher prices. In other words, consumers are spending more but receiving less.

    Storch’s outlook for the holiday season comes after Goldman analysts noted that the “trade-down phenomenon” has rippled across high-end and low-end consumers. The last time “trading down” mentions soared on earnings calls was during the GFC crisis in 2008. 

    This chart sums up the consumer’s dire state

    We noted earlier this week that the National Retail Federation’s annual Prosper Insights & Analytics survey showed lower forecasted spending trends for Halloween among consumers nationwide. The last time this happened was just before the Covid crash. All eyes should be on upcoming Black Friday and Cyber Monday to gauge holiday shopping trends.

    One last thing: perhaps mounting economic hardships are some of the drivers as to why US drinking rates have surged to the highest levels since the 1970s inflation storm

    Millions of Americans feel stressed in this disastrous Bidenomics era—it’s only a matter of time before something gives.

    Tyler Durden
    Sat, 10/19/2024 – 21:35

  • How To Remove Fluoride From Your Water At Home
    How To Remove Fluoride From Your Water At Home

    Authored by Sheramy Tsai via The Epoch Times (emphasis ours),

    When Grand Rapids, Michigan, became the first city to add fluoride to its water supply in 1945, it was hailed as a major public health innovation aimed at preventing cavities. Many other cities quickly followed suit, and water fluoridation became a widespread practice nationwide.

    Illustration by The Epoch Times, Shutterstock

    Today, with fluoride easily accessible in toothpaste and mouthwash, its added value in drinking water has been called into question. A review from the Cochrane Database of Systematic Reviews found that fluoridated water reduces tooth decay by only a tiny amount—about a quarter of a tooth surface—raising doubts about its effectiveness.

    For decades, fluoride has quietly flowed through our taps, touted as a safeguard for dental health. But what if this commonly accepted chemical—long promoted for its benefits to teeth—is something you’d prefer to avoid?

    Growing evidence suggests fluoride may pose risks beyond our teeth, affecting thyroid health, cognitive development, and more. This concern has led many to seek ways to eliminate fluoride from their lives. Whether you’re wary of long-term exposure or simply want cleaner water for your family, there are solutions. From advanced filtration systems to simple DIY methods, here’s how to remove fluoride from your water—and your life.

    Push to End Fluoridation

    A February systematic review and dose-response meta-analysis published in Environmental Research linked excessive fluoride exposure to thyroid issues, and a 2016 National Toxicology Report noted an association between fluoride and lowered IQ in children.

    In September, a federal judge ordered the Environmental Protection Agency (EPA) to take regulatory action on fluoride, citing evidence that community water fluoridation at 0.7 mg/L may pose an unreasonable risk to children’s health under the Toxic Substances Control Act. The court did not mandate specific steps, leaving the EPA “obliged to take regulatory action in response.”

    Pharmacist and thyroid specialist Izabella Wentz echoes these concerns, telling The Epoch Times, “Reducing fluoride exposure is crucial for supporting overall health and well-being.”

    Wentz notes that while most Western European nations have ceased fluoridating their water, the United States, Canada, and parts of the UK continue the practice.

    How to Remove Fluoride From Your Water At Home

    As the debate over fluoridation in public water systems continues, many households opt to address the issue themselves. Below are some of the most popular methods for reducing fluoride exposure at home.

    Reverse Osmosis Systems

    Reverse osmosis (RO) systems are highly effective at removing fluoride and other contaminants from drinking water, filtering out up to 84 percent through a semipermeable membrane. This purification process forces water through the membrane, leaving impurities behind. Fluoride expert Richard Sauerheber told The Epoch Times that modern RO systems can operate for years with minimal maintenance while effectively reducing fluoride levels.

    However, RO systems have certain drawbacks. According to Tom Volinchak, author of “Open Tap – Drink Poison,” they can produce up to 17 gallons of wastewater for every gallon of filtered water and remove beneficial minerals, which may need to be reintroduced for taste and health benefits.

    Despite these challenges, point-of-use RO systems remain an affordable and attractive option, typically costing under $1,000. They are especially beneficial in areas with higher fluoride contamination. For those seeking more comprehensive filtration, whole-house RO systems can cost upwards of $15,000.

    Activated Alumina Filters

    Activated alumina filters, such as Berkey’s PF-2, can remove up to 97 percent of fluoride and provide a convenient countertop solution that requires no plumbing or electricity. These filters use aluminum oxide to capture fluoride molecules on their porous surface.

    However, there are concerns that small amounts of aluminum may be released into the water, and in alkaline conditions, these filters may leach harmful aluminum-fluoride complexes. Filters must be replaced regularly, typically after 1,000 gallons, and some users report a decline in water quality over time.

    It should be noted that aluminum exposure might be of concern for those using activated alumina filters.

    Bone Char Filters

    Bone char is another distinct option for filtering fluoride from drinking water. Made from crushed animal bones heated in a kiln under low-oxygen conditions, bone char naturally absorbs fluoride and other contaminants, such as heavy metals, making it an effective filtration tool. Bone char’s ability to trap fluoride raises an important question: If animal bones can absorb fluoride so effectively, what impact might fluoride have on the bones in our own bodies?

    Research shows that 99 percent of fluoride lives in bones. A 2023 study in JAAOS Global Research & Reviews found that children living in areas with higher fluoride levels in drinking water experienced more bone fractures, especially in the arm and elbow.

    Bone char filters work through adsorption, where fluoride molecules adhere to the surface of the char as water passes through. However, its filtration lifespan can be unpredictable, varying with fluoride levels, and requires regular monitoring and replacement.

    Sauerheber cautions that the quality of bone char varies by source—char from Scotland is known to be highly effective but harder to find, while Brazilian char may be less reliable. This variability makes reverse osmosis a more consistent option for most households.

    Ion Exchange Systems

    Ion exchange systems use resin beads to replace fluoride ions with less harmful ions, such as chloride, effectively lowering fluoride levels. However, these systems come with environmental concerns—plastic resin beads contribute to plastic waste, and aging filters may release microplastics or concentrated fluoride.

    Frequent filter replacements make ion exchange systems expensive, particularly in regions with high fluoride levels. Additionally, the environmental impact raises sustainability concerns for many households, said Volinchak.

    Limitations of Certified Filtration Products

    Volinchak points out that not all filtration systems perform as effectively as their certifications suggest. Organizations like the Water Quality Association and the National Sanitation Foundation certify filters based on their ability to remove a specific percentage of contaminants. However, these certifications do not guarantee that the filtered water is entirely safe to drink.

    Volinchak warns that even filters claiming to remove 98 percent of a contaminant may be insufficient if the contaminant levels in the source water are particularly high. In such cases, harmful amounts of fluoride can remain after filtration. This highlights the importance of regularly testing your water’s contamination levels to ensure your filtration method is effective.

    Distillation: A DIY Approach

    For those seeking a more hands-on method to remove fluoride, distillation provides a reliable, though labor-intensive, solution. This process involves boiling water and collecting the steam, which is then condensed back into liquid, leaving fluoride and other contaminants behind. However, distilled water lacks minerals, which many people find results in a flat or bland taste.

    Sauerheber notes, “Distillation works well but requires labor on the part of the consumer,” and it is essential to remineralize the water to avoid drinking overly purified, mineral-deficient water.

    While distillation is highly effective at removing fluoride, it requires time, equipment, and the additional step of reintroducing essential minerals.

    For those looking for a more convenient solution, water distillation machines offer an automated approach to fluoride removal. Distillation units are available in various sizes, from compact countertop models to larger units suited for higher volume needs.

    Although they eliminate the manual labor of traditional distillation, these machines produce mineral-free water, requiring remineralization for optimal taste and health. Additionally, they can be energy-intensive, which may increase utility costs over time.

    Five Ways to Reduce Your Fluoride Burden

    Reducing fluoride exposure is important for maintaining health. If you have already been exposed or live in an area with high fluoride levels, there are steps you can take to mitigate its effects. While no supplements can directly neutralize fluoride, certain nutrients and lifestyle changes may support the body’s natural detoxification processes. 1. Be Mindful of Fluoride in Foods and Products

    Beyond water, fluoride can sneak into your daily routine through common foods, beverages, and products. Wentz highlights that black and red teas and certain medications are hidden sources of fluoride because tea plants absorb fluoride from the soil. Additionally, foods processed with fluoridated water and certain pesticides can introduce fluoride into your diet, further contributing to overall exposure.

    “Swapping out conventional dental hygiene products for ones made without fluoride,” Wentz says, is another simple way to lower your fluoride intake. Reading labels and choosing fluoride-free options wherever possible can make a big difference.

    While the American Dental Association advises most people—children, adolescents, and adults—to brush twice a day with fluoride toothpaste for optimal dental health, many holistic dentists remain skeptical. They argue that there is not enough long-term evidence to fully support the safety of fluoride use in dental care.

    2. Boost Your Nutrient Intake

    Boosting nutrient intake can help counter fluoride’s effects on the body, particularly by supporting thyroid function. Fluoride competes with iodine, which is essential for hormone production. Ensuring adequate iodine intake from sources like seaweed, fish, dairy, or iodized salt helps protect the thyroid. However, Wentz cautions against high-dose iodine supplements, especially for those with thyroid disorders like Hashimoto’s, as it may worsen the condition.

    Calcium is another crucial nutrient, as it can bind with fluoride and reduce bone absorption. Magnesium helps balance fluoride and calcium, while antioxidants like vitamin C and selenium protect against the oxidative stress caused by fluoride exposure.

    Wentz recommends getting these essential nutrients primarily through a whole-food diet. However, supplements can provide an effective alternative for those with deficiencies

    Read the rest here…

    Tyler Durden
    Sat, 10/19/2024 – 21:00

  • Militants From Jordan Wound Israeli Soldiers In Rare Cross-Border Attack
    Militants From Jordan Wound Israeli Soldiers In Rare Cross-Border Attack

    Via Middle East Eye

    At least two Israeli soldiers have been wounded in an attack by gunmen who entered Israeli territory from Jordan, according to Israeli media reports. The incident on Friday took place in Neot HaKikar in the south Dead Sea area, close to the border with Jordan.

    Israeli media sources said that Israeli soldiers were searching the area for another possible attacker, while the Israeli army said it had killed two of the attackers and was looking for a third who fled the scene.

    Illustrative: Israeli soldiers patrol the southern Dead Sea border area with Jordan, AFP

    The attack came a day after Israel claimed the killing of Hamas leader Yahya Sinwar in Gaza. Earlier, the army said that its observers had noticed a group of men trying to infiltrate the border and had sent soldiers to confront them.

    Military officials have also told residents of the area to remain indoors as soldiers carry out searches for any other potential fighters. Unconfirmed images purporting to be of the slain attackers show them in military attire.

    Jordanian officials, however, have put out a statement saying that the attackers did not belong to the country’s armed forces and that the uniforms were not Jordanian military issue.

    Since the start of Israel’s war on Gaza, Jordan’s leaders have had to walk a fine line between heightened anti-Israel sentiment in the country and ensuring its own bilateral relationship with Israel.

    The country has a large population descended from Palestinian refugees forced to flee historic Palestine after the mass expulsions, widely known as the Nakba, and regularly sees mass protests in support of the Palestinian resistance in Gaza.

    Jordan’s Islamic Action Front, which is affiliated with the Muslim Brotherhood, lauded the attack. In a statement it said: “We celebrate the heroic attack carried out by the Amer Qawwas and Hossam Abu Ghazala in the Dead Sea region.”

    “We call on the government to reconsider its agreements with the Zionist enemy.”

    In September, Jordanian national and truck driver Maher Dhiab al-Jazi was shot and killed at the Allenby Bridge crossing with the occupied West Bank after killing three Israeli security guards. In a letter he left for his family, he said he was motivated by Israel’s ongoing atrocities against Palestinians in Gaza.

    Image of slain gunman (blurred) released by Israeli security services, via YNet

    At the same time, Jordan’s government has not significantly altered its diplomatic relationship with Israel, and trade ties between the two continue as normal.

    After Iran launched missile salvos at Israel in April and again in October, Jordanian armed forces were involved in attempting to down missiles flying over Jordanian territory, prompting domestic criticism.

    Tyler Durden
    Sat, 10/19/2024 – 20:25

  • Study Finds School Choice Closes Low-Income Student Performance Gap
    Study Finds School Choice Closes Low-Income Student Performance Gap

    Authored by Savannah Hulsey Pointer via The Epoch Times,

    A new report reveals that school choice has significantly narrowed the academic performance gap between low-income students and their more affluent peers.

    The findings of the Progressive Policy Institute’s (PPI’s) October report underscore the positive impact of public charter schools in driving academic improvements across entire school districts, not just for students attending charter schools.

    According to the report, the achievement gap between low-income students and their counterparts in Camden, New Jersey, which had 68 percent of students enrolled in charter schools by 2023, was reduced by 42 percent between the 2010–2011 and 2022–2023 school years.

    From 2011 to 2023, the proportion of students attending charter schools in Camden increased, resulting in an increase of more than 20 percent in low-income pupil performance.

    The report discovered that the gap in Washington closed by 38 percent during the same period, with 45 percent of pupils enrolled in charter schools.

    In Indianapolis, the gap narrowed by 23 percent, with 58 percent of pupils attending charter schools.

    The report indicates that nonwhite students are among the most significant beneficiaries of school choice, accounting for 70 percent of charter school pupils in the cities surveyed, despite only making up approximately half of the district.

    Charter schools are publicly funded, tuition-free, and accessible to all students.

    However, they differ from traditional public schools in their operational flexibility and governance.

    Charter schools are subject to the same federal laws regarding nondiscrimination and admission, but they have a greater degree of autonomy over their curriculum, personnel, and scheduling.

    Because of the increased self-governance, charter schools can customize and innovate their educational programs to accommodate the unique requirements of their student bodies.

    The report emphasizes the substantial increases in academic performance observed in cities with a significant number of charter schools, particularly among low-income students.

    Those students have made major strides in closing the achievement disparity with their peers in cities where at least one-third of students attend charter schools or charter-like institutions, according to the study.

    This trend has been observed in numerous cities throughout the United States, where public charter schools comprise a significant portion of total school enrollment.

    The report indicates that a key factor driving this progress is the higher accountability standards to which charter schools are held.

    Unlike traditional district schools, which are rarely closed for poor performance, charter schools must meet specific educational objectives outlined in their charter agreements.

    These schools are periodically reviewed, and if they fail to meet the required performance standards, their charters can be revoked.

    This performance-based accountability typically creates a system in which underperforming schools are either improved or replaced by higher-performing ones, ensuring that students receive a better education.

    The PPI report also recognizes a “spillover effect” in cities that have robust educational choice programs.

    In a city that has a combination of traditional and charter schools, the competition among schools fosters improvement throughout the entire system, which is advantageous to all students.

    This dynamic motivates traditional public schools to enhance their performance to retain enrollment and encourages them to implement innovative practices from charter schools.

    In addition to attention on charter schools, the option of homeschooling is growing in popularity with parents across the nation.

    New data from the Johns Hopkins Institute for Education Policy’s homeschool research lab show that 90 percent of states reporting data saw an increase in homeschooling in the 2023–2024 school year.

    The report examined data from 21 out of 30 states that collect or report homeschool participation information. The other nine states are expected to report data in the coming months.

    Tyler Durden
    Sat, 10/19/2024 – 19:50

  • From Grey-List To Gold-Standard
    From Grey-List To Gold-Standard

    2024 was always likely to be a year of geopolitical volatility. Confronted with the hangovers of 2023’s conflicts, high inflation and civil unrest, 2024’s convergence of 64 global elections, uncertainty over the future of trade, natural resources, sovereign debt, environment and population provided an ethically divisive opportunity for the media to double down on partisan opinion, stoking further fear and polarity. From the coverage of Britain’s recent riots through to the U.S.’s 180-degree treatment of its Democratic presidential candidate, Vice President Kamala Harris, the word ‘gaslighting’ has emerged from the fringes of our lexicon to become a key descriptor of the mainstream news cycle.

    As a regular subject for this type of coverage, Dubai’s popularity and success as a business, trade and tourism destination has made itself an easy target, no part in thanks to its gold industry, which has risen to become one the world’s largest physical markets.

    In a recent piece published in June, The Times’ “Cocaine Inc: how British drugs cash is turned into solid gold in Dubai” highlights the emirate’s position as a target for U.K’s drug gangs in the form of cash mules, as well as some unfounded accusations about undeclared gold imports. As an investigative piece, where at least some of the perpetrators have already been tried and found guilty, the report also highlighted that criminality is rarely restricted by national borders, but instead passported. With the Dubai authorities having worked closely with organizations such as the World Gold Council, the UAE’s National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) and INTERPOL, the evidence has become abundantly clear that if we want to fully remove illicit activity and money laundering, there must be a concerted effort to address the root causes and not the symptoms.

    In credit to The Times, its Cocaine Inc series does address the extent of the UK’s drug abuse culture, which ranges from blue collar workers all the way up to the highest echelons of power. According to The Guardian, as covered by The Times, “traces of a class-A drug, said to be a white powder, were found at Chevening, the grace-and-favor mansion of Liz Truss, then the foreign secretary. Separate sources told the paper that they had found similar deposits in the offices at No. 10 after two lockdown parties held when Johnson was prime minister.”

    Depending on your source, the value of Britain’s illicit drug trade is around GBP 10bn (USD 13.2bn) with an ultimate cost to the economy of around GBP 37bn (USD 49.10bn) and while there are no doubt some gangs that have tried to launder money through Dubai, doing so domestically remains by far the path of least resistance. According to Transparency International UK, GBP 6.7bn ($8.89bn) of laundered money was invested in UK property in the six years between 2016 – 2022, and while GBP 1.5bn ($1.99bn) of that is tied to Russians accused of corruption or links to the Kremlin, that still leaves a sizeable sum. Meanwhile, on the high street, Britain’s money service businesses (MSBs) have also helped to facilitate considerable volume, with just one money service shop in London laundering GBP 310mn ($411mn) in just one year, before being closed in 2019. Other businesses targeted include barber shops. According to Former Metropolitan Police Officer Ali Hassan Ali, “Right across High Streets we have seen a boom in barbers opening up since the pandemic. A lot of these shops have thousands of pounds of equipment but no customers.” According to figures published by the Home Office, HM Treasury and Serious Fraud Office, Britain launders GBP 150bn (USD 199.bn) each year, making it the second largest money laundering economy in the world after the United States.

    What The Times, and many newspapers like it won’t do is address the elephant in the room – that Britain has been consistently let down by a series of inept administrations who fail to acknowledge a simple, fundamental fact – that allowing a narcotics trade with a value close to the GDP of the Bahamas to not only operate but flourish within its borders will not lead to positive outcomes.

    According to one source over 50 per cent of all suicides, the leading cause of death for men aged 20 – 34 in England and Wales, are associated with alcohol and drug dependence and despite 4,907 drug- related deaths in 2022, the highest number since records began, the penalties for possession of a class A drug are a maximum of seven years in prison and an unlimited fine – neither of which are truly ever enforced.

    Comparatively, there are several reasons why the UAE doesn’t have an illicit drug trade; one of which is its zero-tolerance towards trafficking, which in some cases can result in the death penalty, and while its laws and punishments may be considered harsh by some, the net positive means law abiding citizens can live in what is recognized as one of the world’s safest countries.

    In the wake of the UK riots, sparked by the horrific murder of three young girls in Southport, more attention seemed to be spent on rounding up those who, in many cases, protested peacefully or commented on social media, before even considering addressing the public’s clear and obvious concerns. Similar to the ever growing drugs trade, the mass migration of illegal, mostly fighting-age men at the cost of the British taxpayer to the tune of GBP 14bn (USD 18.57bn) per year will also not lead to peaceful outcomes, particularly while its beleaguered National Health Service has a wait list of 7.62 million cases as of July 2024, and approximately 4.3 million of its children are estimated to live in poverty. In the government’s most recent catastrophe, Keir Starmer’s plan to issue the early release to some 1,700 inmates, has also appeared to have backfired, with at least one man already back in the dock, likely to return to prison for allegedly committing a sexual assault within hours of release. In Scotland, an estimated one in ten of some 477 early release prisoners were back behind bars within weeks, including 12 who were out for 10 days or less. And all this from a G7 nation.

    In keeping with focusing on anything but the foundational issue, The Times’ coverage of Dubai’s tangential role in a problem that originates in Britain, for which its government shows very little interest in solving, is yet another reason why the mainstream news is dying. It also coincides at a time when a “gaslit” general public is waking up and tuning to journalists who shine a light on those who’ve actually operated with complete impunity at the cost of others – a great example being Ezra Levant and Avi Yemini confronting Pfizer CEO, Albert Bourla while attending Davos in 2023.

    This isn’t to diminish the severity of any laundering activity that occurs in Dubai courtesy of Britain’s narcotics trade; however, it is easy to see why at best, it represents the tip of a far larger, often unaddressed iceberg.

    Since being placed on the Financial Action Task Force’s (FATF), ‘grey list’ in March 2022, the UAE has significantly enhanced its protocols for monitoring and identifying illicit activity at each stage, resulting in its removal from the list in February 2024. As a result, it has maintained a strict approach to monitoring, resulting in significant clamp downs on sectors including finance, property, and precious metals. A recent example of this enhanced domestic monitoring can be found in the UAE Ministry of Economy’s recent suspension for 32 gold refineries, which were found to be in violation of rules such as Know Your Client protocols and suspicious transaction reporting. As clearly stated by Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, “The UAE affirms its firm commitment to developing an integrated legislative and regulatory system to combat money laundering,” and to achieve “the highest levels of compliance” within its gold sector’s due diligence regulations “by keeping pace with the best global practices in this regard.”

    Similarly, the LBMA’s decision to drop its jurisdictional challenge in its Tanzania labeling case is another example of an institution acknowledging due process and taking responsibility for its role as a global certification body – and while this will test, for the first time, whether a certification body can be held legally responsible for a flawed certification process, it is better for a system to be tested and found at fault, rather to be untested at all.

    Proactively speaking, the UAE has also made considerable efforts to align with organizations such as the World Gold Council in order to promote greater transparency, while building investor confidence. By addressing the wider lack of trust held by consumers, the World Gold Council, in collaboration with UAE authorities, is in the process of exploring the introduction of best practices for online gold trading. Mirroring initiatives in markets like Germany and the UK, the strategy aims to establish clear guidelines and ethical standards for digital gold platforms. Partially driven by the UAE’s expanding high-net-worth investor base, who increasingly favor gold bars and coins, the support of the WGC is a clear illustration of its commitment to collaborate with authorities to shape a more transparent and robust gold market.

    According to recent findings, the UAE continues to be the world’s top wealth magnet for a third year running and is expected to attract a record net inflow of 6,700 millionaires by the end of 2024. Conversely, the UK is expected to lose approximately 17 per cent of its millionaire population by 2028 according to Swiss bank, UBS.

    Commenting on the initiative, Andrew Naylor, Head of Middle East and Public Policy at World Gold Council said, “A new base of investors in the UAE and family offices are placing greater allocations on the metal. The UAE gold market is not just about gold jewellery alone, with bars and coin demand taking on higher volumes. If there is increased transparency in the transactions, it will benefit the whole precious metals market in the UAE. Because this market is already globally known for the purity of the gold sold via retail and other channels.”

    Other areas of collaboration with the WGC include an initiative to formalize artisanal gold mining. Conducted in a three-stage approach, the WGC aims to work in coordination with central banks to encourage them to purchase domestically produced artisanal gold, thereby boosting local economies and improving mining practices. Secondly, to explore technologies that can enhance transparency in the artisanal gold trade and help verify the origin of the gold, and finally commissioning a report on artisanal gold production to raise awareness about the issue and promote responsible sourcing practices.

    Today, the UAE is estimated to trade between 20 – 30 per cent of the world’s gold each year, meaning its monitoring processes are not only important for its domestic reputation, but for those economies that trade with it.

    While no nation is perfect, the current era of western political discourse and its alliance with the media, which evolves around denying obvious problems in the face of empirical fact needs to stop, if for no other reason than the sanity of its constituents and its relationship with the rest of the world.

    As with overcoming any toxic habit, acknowledging the underlying problem is always the first step.

    Tyler Durden
    Sat, 10/19/2024 – 19:15

  • CDC Begins Assessment Of Border Pollution In San Diego County
    CDC Begins Assessment Of Border Pollution In San Diego County

    Authored by City News Service via The Epoch Times,

    Select South Bay residents began receiving visits from the U.S. Centers for Disease Control Thursday as the federal agency is partnering with the county in a health assessment to determine the impact of the Tijuana River Valley sewage pollution crisis.

    The county and CDC are working together on a Community Assessment for Public Health Emergency Response or CASPER. A total of 210 households were selected from a larger 30-block section of homes near the border to participate in the survey.

    “This assessment is a vital tool in addressing the public health crisis caused by sewage pollution in the Tijuana River Valley. By sharing your experiences, you are helping us gather the information we need to secure more resources and ensure the safety and well-being of our families,” San Diego County Board of Supervisors Chair Nora Vargas said. “I strongly encourage all residents to participate and make their voices heard.”

    Teams will arrive in small groups and will carry identification to reassure residents of their official role in this effort. They will be wearing reflective vests, and are bilingual in English and Spanish. Interviews will be anonymous and take around 15 minutes.

    Crews work on the Tijuana River outside of San Diego, Calif., on Sept. 19, 2024. John Fredricks/The Epoch Times

    Visits will run through Saturday between 2 to 7 p.m. on Thursday and Friday and 10 a.m. to 7 p.m. on Saturday.

    “It is important to hear directly from people who live near the Tijuana River Valley,” said Dr. Ankita Kadakia, the county’s interim public health officer. “If you get a knock on your door in the next couple of days from a CASPER interview team, please speak with interviewers and provide your honest answers.”

    The responses will be used to guide decisions moving forward with the river valley and the people who live near it.

    “The CDC has supported our partners in using the CASPER method for decades to quickly gather household-based information about community health concerns,” said Dr. Aaron Bernstein, director of the CDC’s National Center for Environmental Health and Agency for Toxic Substances and Disease Registry. “These interviews will provide firsthand insights into how the sewage contamination is impacting the daily lives of residents, helping to inform solutions.”

    The San Diego City Council recently approved a resolution asking for a national emergency regarding the sewage outflow at the border. The council had approved 31 years of consecutive extensions of a local state of emergency on the situation.

    A sewage treatment facility pumps in water from the Tijuana River outside of San Diego, Calif., on Sept. 19, 2024. John Fredricks/The Epoch Times

    The largely symbolic item officially implores the federal government to make the local crisis a recognized national one, as well as asking for total funding of the Environmental Protection Agency’s infrastructure solution to the pollution.

    In early September, high levels of noxious gases such as hydrogen sulfide and hydrogen cyanide were measured by scientific teams in the river valley and noticed by residents due to the rotten egg smell even miles from the border. Ultimately, crews from San Diego County determined there was no immediate health risk, but many residents believed the crisis had reached a turning point.

    “We’re left feeling like the federal government has forgotten about us,” San Diego City Councilwoman Vivian Moreno said.

    The San Diego City Council first declared a state of emergency because of the pollution—ranging from raw sewage to industrial runoff—in 1993. Imperial Beach put out a similar declaration in 2017, followed by the county in 2023.

    Since October 2018, the United States section of the International Boundary and Water Commission has catalogued more than 200 billion gallons of toxic waste coming into the United States through the Tijuana River Valley. According to a city document on Tuesday’s resolution, the commission has spent just $4 million of $40 million allocated for infrastructure maintenance at the broken South Bay International Wastewater Treatment Plant.

    The city even sued the USIBWC to make the commission comply with the Clean Water Act. A total of $300 million was appropriated through the U.S.-Mexico-Canada Agreement for the wastewater plant. In August, the USIBWC announced it will use the more than $400 million in federal funding secured by San Diego’s Congressional delegation to repair and expand the plant.

    Tyler Durden
    Sat, 10/19/2024 – 18:40

  • Watch: In 'Kamala's America', Illegal Alien Smuggler Leads High-Speed Police Chase
    Watch: In ‘Kamala’s America’, Illegal Alien Smuggler Leads High-Speed Police Chase

    Texas Department of Public Safety Lt. Chris Olivarez posted a dramatic video on X showing police in hot pursuit of an illegal alien human smuggler in Webb County.

    Olivarez stated that the “high-speed chase” involved an illegal alien smuggler who crashed into DPS special agent’s vehicle.

    “During the pursuit, the smuggler, Guillermo Osto Navarette, an illegal immigrant from Mexico, disregarded several stop signs and crashed into a DPS Special Agent. Upon exiting the vehicle, Navarette resisted arrest and assaulted a Border Patrol Agent,” Olivarez said, adding that the smuggler was charged with “three counts of smuggling of persons, evading arrest, and assault on a peace officer.”

    https://platform.twitter.com/widgets.js

    NewsNation’s Ali Bradley posted a mugshot of the illegal alien smuggler from Mexico…

    https://platform.twitter.com/widgets.js

    Illegal alien smugglers running rampant across America have only been made possible by open southern borders, pushed by Kamala Harris and the Democratic Party, aiming to import a new voting class of people to win elections in swing states and ultimately create a one-party nation. The dangerous influx of ten million unvetted migrants from third-world countries continues to cause chaos nationwide.

    In July, a high-speed chase in Arkansas, where an illegal alien nearly killed a member of law enforcement, shocked the nation.

    https://platform.twitter.com/widgets.js

    Importing the third world into the first world has consequences. Americans are learning this the hard way, with thousands of heavily armed members of Venezuela’s Tren de Aragua prison gang now roaming American streets. Even the US Army, in leaked documents, has sounded the alarm.

    All Americans want is low crime and the opportunity to prosper economically. Democrats have delivered the opposite, prioritizing illegal aliens over their own citizens. Voters/taxpayers should be outraged. 

    Tyler Durden
    Sat, 10/19/2024 – 18:05

  • Will A Potemkin Election Follow Biden's Potemkin Presidency?
    Will A Potemkin Election Follow Biden’s Potemkin Presidency?

    Authored by James Bovard,

    Blindfolds and systemic deceit are the death of self-government…

    President Biden has been derided for being a Potemkin president, a figurehead in a vast charade portraying him actually running the government.  Biden was forced to withdraw from the presidential race after his disastrous debate performance against Donald Trump in June.   But is a Potemkin presidency being followed by a Potemkin election?

    Biden’s expulsion from the presidential race did not herald the arrival of truth. Most of the media still tolerates pervasive secrecy on prime issues of the 2024 campaign.

    In bygone times, elections were about self-government.  Nowadays, voters merely have a cameo role to sanctify the nearly boundless power of officialdom.  Every year, the federal government slaps a “secret” label on trillions of pages of information – enough to fill 20 million filing cabinets.  And since the government is automatically benevolent (if a Democrat is president), there is no need to trouble citizens with the grisly details of how they are being served.

    At the same time Special Counsel Jack Smith is racing to fling all possible dirt at Trump before Election Day, each week we learn of new cover-ups designed to deceive Americans about how badly they have been misgoverned:

    1. Biden administration has mostly succeeded in covering up the crime wave by illegal aliens ushered into the nation since 2021. Former Border Patrol Sector Chief Aaron Heitke testified to Congress last month that the Biden administration hid the adverse impact from deluging U.S. cities with illegal aliens, including those with terror ties.

    2. The National Archives announced on Wednesday that it would delay until after the election the release of potentially damning records on Vice President Joe Biden’s dealings with his son and foreign wheelers-dealers – records that have been sought for more than a year by conservative lawyers and activists.

    3. Biden’s Justice Department sought to bury all the tax charges against Hunter Biden but were thwarted thanks to courageous IRS whistleblowers.  Hunter’s guilty plea last month to the tax charges confirms that the Justice Department’s offer a wrist-slap plea bargain to Hunter last year was a shameless obstruction of justice.

    4. Biden’s FBI last year created “a new category of extremists that it seeks to track and counter: Donald Trump’s army of MAGA followers,” Newsweek reported. FBI whistleblowers have exposed the politicization of an agency that even secretly targeted traditional Catholics who prefer to hear mass in Latin. But the vast majority of FBI surveillance and entrapment abuses remain shrouded.

    5. Team Biden is covering up both Trump assassination attempts. Biden appointees have stonewalled bipartisan congressional investigations into the abysmal Secret Service failures at Butler, Pennsylvania.  The Justice Department has indefinitely delayed hearings for Ryan Routh, the 58-year-old guy caught waiting to shoot Trump on his Florida golf course.  Delaying proceedings against Routh assures that Americans will not learn before the election whether the would-be assassin had ties to the CIA, Pentagon, State Department or other agencies that assisted Routh with his massively-publicized campaign to recruit foreign soldiers to fight for Ukraine.

    6. The Biden administration continues covering up almost everything regarding its support for Ukraine’s fight against Russia.  The best info Americans have received was thanks to a young military computer technician who leaked revelations that the Ukrainian military was in far worse shape than Team Biden claimed. Americans have been forced to pay hundreds of billions of dollars but are left in the dark regarding Biden administration machinations that risk pulling this nation into World War Three.

    7. The House Oversight Committee this week subpoenaed DHS for its records on Tim Walz’s possible ties to the CCP after being contacted by a whistleblower.  There is zero chance that the Biden administration will release any of those records before Election Day.

    8. Political convenience is practically the sole determinant of what Americans are permitted to learn nowadays.  After Biden dropped his re-election bid, the administration disclosed records showing that his son Hunter sought U.S. government handouts for Burisma when Joe Biden was Vice President.  That scandal was buried until Joe Biden was no longer politically relevant.

    Is censorship the biggest X factor for this election? Four years ago, the presidential election may have been swung by the coverup of the damning revelations in Hunter Biden’s laptop.  The FBI and the CIA hustled to censor and defuse that story with false rebuttals in October 2020.  According to multiple federal court rulings, federal agencies tampered with the 2020 election by censoring millions of comments by Americans who raised doubts about the trustworthiness of mail-in ballots and other election procedures. Federal judge Terry Doughty noted that  “virtually all of the free speech suppressed was ‘conservative’ free speech.”  A federal appeals court issued an injunction prohibiting federal officials from acting “to coerce or significantly encourage social-media companies to remove, delete, suppress, or reduce . . . posted social-media content containing protected free speech.”

    But the Supreme Court refused to recognize that the censorship victims had any legal standing and canceled the injunction.   Americans will likely have no idea how many muzzles and blindfolds were secretly attached by federal agencies and federal contractors before Election Day.

    Don’t expect journalists to suddenly get hot to thwart those Biden cover-ups. When the media shrouded Biden’s mental debility, it directly endorsed de facto secret rule. How much effort has the New York Times or Washington Post or National Public Radio exerted to reveal who is actually exercising the supreme power nowadays? Exposing that issue could derail Kamala Harris’s presidential campaign so it is ignored. But ​​​​​Biden is as oblivious as ever. When asked by a reporter on Thursday about the situation in the Hurricane Helene storm zone, Biden replied that those states “are getting everything they need. They are very happy across the board.”

    Earth to Uncle Joe?!?

    But as long as Donald Trump is not elected next month, most of the Washington media doesn’t care who is in control. If the Wizard of Oz was a contemporary political campaign story, the media would overwhelmingly side with the guy behind the curtain.

    As long as the Wizard recited “Orange Man Bad,” the media would cover up all his abuses.

    But “informed consent” is a mirage if the feds blindfold voters.

    As long as Team Biden keeps a lid on its worst outrages until Election Day, Democrats can snare four more year to abuse the Constitution, the law, and the American people. Unfortunately, self-government is not retroactive.

    Tyler Durden
    Sat, 10/19/2024 – 17:30

  • No Central Bank Wants To Stop Price Inflation
    No Central Bank Wants To Stop Price Inflation

    Authored by Daniel Lacalle via The Mises Institute,

    Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax. The government makes the currency less valuable by issuing more units of fiat money, partially dissolves its debt in real terms, collects more taxes, and presents itself as the solution to rising prices with subsidies in an increasingly worthless currency.

    That is why socialism and hyperinflation go hand in hand.

    Socialism rejects human action and economic calculation and sells a false image of a government that can create wealth at will by issuing more units of fiat currency. Obviously, when inflation arrives, the socialist government will use its two favorite tools: propaganda and repression. Propaganda, which accuses stores and businesses of driving up prices, and repression, which occurs when social unrest intensifies and citizens legitimately hold governments accountable for scarcity and high prices, are the two main strategies.

    If you want lower prices, you need to give less economic power to the government, not more. Only free markets, competition, and open economies help decrease consumer prices. Many readers might think that we currently have a free market with competitive and open economies, but the reality is that we live in increasingly intervened and overregulated nations where central banks and governments work to perpetuate unsustainable public deficits and debt. Therefore, they continue to print more money, leading many to question why it is getting harder for families to make ends meet, buy a home, or for small businesses to prosper. The government is slowly eating away the currency it issues. They call it “social use of money.”

    What is “social use of money”? In essence, it means abandoning one of the main characteristics of money, the reserve of value, to give the government preferential access to credit to finance its commitments. Therefore, the state can announce larger entitlement programs and increase the size of the public sector relative to the economy, creating a self-fulfilling prophecy. The state issues more currency, which makes people’s money less valuable. Citizens become more dependent on the state, and they will demand more subsidies paid in the currency the state issues. It is, in essence, a process of control through debt and currency depreciation.

    When governments and central banks talk about price stability, it means a two percent annual depreciation of the currency. Aggregate prices rising an average of two percent is hardly price stability because it is measured by the consumer price index, which is a carefully crafted basket of goods and services weighted by the same people who print the money. That is why governments love CPI as a measure of inflation. It fails to fully reflect the erosion of the currency’s purchasing power. This is why the CPI’s basket calculation fluctuates so frequently. Even if it accurately measures, it will underestimate the rise in prices of non-replaceable goods and services by adding them to a basket of things we consume maybe once or twice a year at best. When you put together shelter, food, health, and energy with technology and entertainment, there will always be distortions.

    Thus, governments and central banks are never going to defend price stability. If aggregate prices fell, competition soared, and citizens saw their real wages rise and their deposit savings increase in real value, their jobs would disappear.

    When a central bank like the Fed cuts rates and increases the money supply after an accumulated 20.4% inflation in four years, it is not defending price stability; it is defending price increases. This strategy serves to conceal the government’s financial insolvency. A currency with a declining value.

    Governments are the ones that create inflation by spending a currency that is constantly losing purchasing power because the state issues more than what the private sector demands. No corporation or allegedly evil oil producer can make aggregate prices rise and continue increasing annually at a lower pace. Only the one that prints the money, and central banks don’t print money because they want to; they increase the money supply to absorb rising public deficit spending.

    Inflation is a hidden tax, a slow process of nationalization of the economy, and the perfect way to increase taxes without angering voters and blaming private businesses in the meantime. The consumer will likely blame the store or business for higher prices, not the issuer of a currency that loses purchasing power.

    Why would governments want higher prices? Because it gives them more power. Destroying the currency they issue is a perfect form of control. That is why they need more debt and higher taxes. High taxes are not a tool to reduce debt, but rather to justify rising public indebtedness.

    You may have read numerous times that the government has unlimited borrowing power and can manage inflation to allow you to live comfortably. It is false. The government cannot issue all the debt it wants. It has an inflationary, economic, and fiscal limit.

    Inflation is a warning sign of declining currency confidence and a loss of purchasing power. The economic limit is evidenced by lower growth, lower employment, weaker real wages, secular stagnation, and declining foreign demand for public debt.

    The fiscal limit is evidenced by soaring interest expenses even with low rates, weaker receipts every time they hike taxes, and citizens and businesses leaving the country to more friendly tax systems, all of which add to the poor or negative multiplier effect of government spending.

    If you want lower prices, you should give less economic power to governments, not more.

    A government that tells you it will borrow $2 trillion per annum in a growth and record receipt economy and will continue to increase debt and borrow well into 2033 with the most optimistic assumptions of GDP and receipt is telling you it will make you poorer.

    When a politician promises that he or she will cut prices, they are always lying. A weaker currency is a tool to increase government power in the economy. By the time you find out, it may be too late.

    Money is credit, and government debt is fiat currency. Currency depreciation is inflation, and inflation is equivalent to an implicit default. No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its monetary commitments.

    Tyler Durden
    Sat, 10/19/2024 – 16:20

  • Elon Musk Warns "Car Industry Very Difficult" As "Ford & Tesla" Only "US Car Companies That Haven't Gone Bankrupt" 
    Elon Musk Warns “Car Industry Very Difficult” As “Ford & Tesla” Only “US Car Companies That Haven’t Gone Bankrupt” 

    Elon Musk appeared at the Greater Philadelphia Expo Center in Montgomery County on Friday night for his second town hall in the battleground state of Pennsylvania. With just 16 days until the election, Musk – and his pro-Trump America PAC – are holding town halls statewide to support the former president.

    In an off-topic conversation, an audience member asked Musk why Tesla had not purchased the struggling EV competitor Rivian. 

    Musk responded:

    “I wish them the best. I hope they do well. The car industry is a very difficult industry. There’s only two US car companies that haven’t gone bankrupt, and that’s Ford and Tesla. Rivian’s going to have a hard time. It’s insanely difficult to compete in the car industry. If it were not for two technology discontinuities, one being electrification and the other being autonomy, I think Tesla could not succeed without solving both.”

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    Earlier this month, Rivian announced that third-quarter vehicle deliveries missed forecasts and lowered its full-year production guidance amid continued “component shortage.”

    Rivian said it delivered 10,018 vehicles in the quarter and produced 13,157 units. This missed FactSet estimates of 12,670 deliveries. 

    The problem with Rivian is the limited affordability options for most models—they’re out of reach for the average consumer. The company expects to launch a smaller Tesla Model Y-rivaling R2, which won’t roll out onto US highways until late 2026 or even 2027.

    Last month, Morgan Stanley’s Adam Jonas downgraded names like GM, Ford, Rivian, Magna International, and Phinia amid the slowdown in the auto market. 

    It doesn’t help when high interest rates and elevated vehicle prices have sent new monthly car payments skyrocketing higher in several years. 

    In a separate note earlier this year, MS Jonas pointed out that struggling EV companies could develop partnerships with legacy automakers

    Rivian recently partnered with Volkswagen, validating the analyst’s consolidation forecast in the space. 

    Here’s what X users are saying about Musk’s comments last night about Rivian:

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    Shares of Rivian are down 57% this year – near record lows. Short interest is about 16.5% or about 122.3 million shares. 

    The price war Telsa started just a few short years ago to crush competition shows that Musk continues to win.

    Tyler Durden
    Sat, 10/19/2024 – 15:45

  • Boeing, Union Reach Tentative Deal To End Strike, Ratification Vote Pending
    Boeing, Union Reach Tentative Deal To End Strike, Ratification Vote Pending

    Authored by Tom Ozimek via The Epoch Times,

    Boeing and the union representing striking machinists have reached a tentative agreement that union leaders say should be presented to members for a ratification vote, paving the way for a potential end to the more than month-long strike.

    “With the help of Acting U.S. Secretary of Labor Julie Su, we have received a negotiated proposal and resolution to end the strike, and it warrants presenting to the members and is worthy of your consideration,” the International Association of Machinists and Aerospace Workers Local 751 said in a statement on Oct. 19.

    Around 33,000 of Boeing’s unionized workers walked off the job on Sept. 13 after nearly 95 percent of the mostly West Coast workers rejected Boeing’s offer of a 25 percent pay hike over four years. The strike halted production of the company’s 737 Max, as well as the 767 and 777 widebody aircraft, with the company losing an estimated $1 billion per month due to the labor action.

    Union leaders said the tentative deal features “key improvements” over an earlier Sept. 12 proposal that are “aimed at resolving the strike.” The latest proposal includes a 35 percent wage increase over four years, a $7,000 ratification bonus, and reinstated incentive payouts. It also includes improved 401k contributions, a $105 pension multiplier, and restored call-in provisions.

    While Boeing’s latest proposal makes a number of concessions, it does not include a dedicated pension plan for new members, which was a key demand in previous negotiations. Instead, it emphasizes enhanced 401k contributions, including a 100 percent company match up to 8 percent and a one-time $5,000 contribution for eligible members.

    The union said it plans to hold a vote on the proposal on Oct. 23 that, if approved by a simple majority of members, will cement the tentative deal into a contract and end the strike.

    Union leaders said they are still finalizing the strike settlement agreement and, along with additional contract details, will present it to members for their consideration ahead of Wednesday’s vote.

    “The future of this contract is in your hands,” they said.

    In a statement issued on Oct. 19, Boeing said: “We look forward to our employees voting on the negotiated proposal.”

    The strike began at a challenging time for Boeing, which has been trying to ramp up production after a series of safety incidents and increased regulatory scrutiny in recent years. Analysts have warned that a prolonged strike could lead to lasting financial impacts, while credit-rating agencies have warned of potential ratings downgrades.

    Shortly after the strike began in mid-September, the plane maker announced a hiring freeze, a halt to nonessential spending, and teased the possibility of layoffs, in a bid to conserve cash and preserve the company’s long-term operations. At the time, Boeing also said it will temporarily release nonessential contractors and consultants, and pause employee retention programs, catered meals, and team events.

    As the strike dragged into October, Boeing announced that it will cut around 17,000 jobs and further delay the launch of the 777X, a new model that is already several years behind schedule.

    “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Boeing CEO Kelly Ortberg said in an Oct. 11 memo to employees, which came on the same day that the plane maker announced in a press release that it expects to recognize negative impacts to its financial results when it reports third-quarter earnings on Oct. 23.

    Boeing attributed the impacts to charges related to certain commercial and defense programs, as well as the ongoing strike. The company now projects revenues of $17.8 billion, an operating cash flow deficit of $1.3 billion, and a loss of $9.97 per share.

    Tyler Durden
    Sat, 10/19/2024 – 15:10

  • Iranian Proxies 'Tried To Assassinate Me & My Wife', Netanyahu Says After Drone Struck His Residence
    Iranian Proxies ‘Tried To Assassinate Me & My Wife’, Netanyahu Says After Drone Struck His Residence

    Update(1330ET)Prime Minister Benjamin Netanyahu has essentially accused Iran of trying to assassinate him after a drone sent from Hezbollah struck his private residence outside of Tel Aviv Saturday morning. “The attempt by Iran’s proxy Hezbollah to assassinate me and my wife today was a grave mistake,” he said in an English statement on social media.

    “This is the first time since the beginning of the war that a target affiliated directly with Netanyahu has been hit,” Axios reported, though details of the extent of damage have been scant. Neither he nor his wife or family had been present at the residence when the attack on the upscale Caesarea neighborhood occurred. Israel’s military appeared to be tracking the drone, which traveled some 70km from Lebanon, but anti-air defenses appeared to have failed, with not so much as warning sirens going off.

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    Some unverified reports are saying it was an Iranian Shahed 101 drone, which was briefly filmed at some point in the skies over the Tel Aviv area, and apparently mirrored by a nearby IDF helicopter.

    Times of Israel writes that “sirens did sound in Glilot north of Tel Aviv, which houses a major IDF intelligence base and the Mossad headquarters. Those sirens were not accompanied by warnings on the Home Front Command’s app or other platforms.”

    Israel’s Channel 12 is reporting that “Iran attempted to assassinate Prime Minister Benjamin Netanyahu” – citing a senior official.

    Below is Netanyahu’s statement in full…

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    Could this be the precursor to a major Israeli attack on Iran which the world has been anticipating? 

    Israel has vowed it will soon retaliate for the Oct.1st attack, but well over two weeks have passed since the ballistic missile attack which saw some 200 ballistic missiles pummel various sites in central Israel.

    * * *

    ’s home has been targeted in a drone attack sent from Hezbollah in Lebanon on Saturday. It happened at this private residence in Caesarea, north of Tel Aviv.

    A Netanyahu spokesperson confirmed that the drone struck near the residence, but the prime minister and his family were not home at the time of the attack, with details of the damage not disclosed. Remarkably, the inbound drone was captured on video, traveling close in proximity to an Israeli military helicopter, which may have been tracking and trying to shoot it down.

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    The Israel Defense Forces (IDF) indicated that the drone was one of three launched from Lebanon, with the other two having been intercepted.

    The fact that the Kamikaze UAV made it all the way to the prime minister’s residence has raised questions over the country’s defense and warning system. The Times of Israel reports:

    The short statement from Netanyahu’s office came after the IDF said that “a building had been hit” in the upscale town famous for its swanky villas and Roman ruins and amphitheater.

    “No warning sirens were sounded in Caesarea ahead of the drone impact and explosion,” the same report notes. “Footage posted to social media appeared to show attack helicopters in the air that were apparently hunting the drone further to the north.”

    Netanyahu’s office and the Israeli army have shared the following additional details, via Al Jazeera:

    • The drone was launched from Lebanon and directly hit the PM’s house in Caesarea.
    • Police arrived to locate the scene of the attack. At about the same time, sirens sounded in Tel Aviv.
    • Two other drones launched at the same time were reportedly intercepted.
    • The incident triggered alarms in the Glilot military base, but the military later determined that drones were not in that area.

    Additionally, the drone flew a significant distance of 70km from Lebanon, which suggests Hezbollah is greatly deepening the reach of its projectiles, as it vowed to do following constant IDF airstrikes on Beirut and amid the expanded IDF ground operation inside south Lebanon.

    Within hours after the drone attack on his home Netanyahu issued a defiant video on social media vowing that “nothing will deter” him while declaring that Israel is “going to win this war.” He further said that slain Hamas leader Yahya Sinwar, killed by the army in Rafah this week, was “the terrorist mastermind whose goons beheaded our men, raped our women and burned babies alive.”

    The below photo purporting to show damage to the outside of Netanyahu’s Caesarea residence (or possibly a building near it) has widely circulated online:

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    “We took him out,” the Israeli leader said. He added: “We’re continuing our battle with Iran’s other terrorist proxies.” The region is still bracing for a possible major Israeli attack on Iran, in retaliation for the ballistic missile attack launched on Israel by the Islamic Republic on October 1st.

    Tyler Durden
    Sat, 10/19/2024 – 14:55

  • Leaked US Intelligence Documents Related To Israel's Attack Preparations On Iran Appear Online
    Leaked US Intelligence Documents Related To Israel’s Attack Preparations On Iran Appear Online

    A major leak of US classified documents has appeared online Saturday… or we should qualify alleged leaks of at least two TOP SECRET documents, with both marked NOFORN – which is among the highest classifications – given it indicates the specific intelligence cannot be shared with allied foreign intelligence agencies (with the exception of the “Five Eyes”).

    A breaking Axios report suggests their authenticity: “U.S. officials are extremely concerned about a potentially major security breach after two alleged U.S. intelligence documents about Israel’s preparations for an attack on Iran were published by a Telegram account affiliated with Iran,” Barak Ravid, who maintains close Israeli military and intelligence sources, writes.

    File image: IDF/CENTCOM

    The documents include one which was reportedly authored by the Department of Defense National Geospatial-Intelligence Agency (NGA), dubbed a “Visual Intelligence” report and distributed among the US intelligence community (IC) earlier this week, and dated to Oct.14-16.

    Neither the Pentagon nor NGA have offered official confirmation or comment, nor are they likely to. The documents first appeared on a pro-Iran Telegram channel. Axios has identified the channel name as “Middle East Spectator”. 

    The docs first appeared online Friday, but the Axios report has strongly pointed to the authenticity of leak.

    The region has remained on edge as Israel prepares to retaliate against Iran for its Oct.1st ballistic missile attack which saw some 200 projectiles pummel various sites in central Israel, some of which were said to be Iranian hypersonics. Axios has noted that “The leak could be an attempt to disrupt the Israeli operation.”

    A US official told Axios that the alleged leak is “extremely concerning” – again implying authenticity. The leak is also being described as potential very serious breach within the US intelligence community.

    Two of the documents have appeared on social media as follows:

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    Israeli media has also begun to spotlight the leak.

    Did Iran just hack and breach restricted US intelligence community servers?

    As for content of the documents, they contain information on Israel’s military transferring advanced munitions, possibly readying them for a planned attack on the Islamic Republic. One of the classified docs has the following header:

    Defense Forces Continue Key Munitions Preparations and Covert UAV Activity Almost Certainly for a Strike on Iran, 16 October 2024

    Axios has further commented on the top secret documents as follows:

    • It also states that according to U.S. signals intelligence, the Israeli Air Force conducted a large exercise this week involving intelligence planes and likely fighter jets trained for a possible attack against Iran.
    • The alleged intelligence report also detailed preparations in Israeli drone units for an attack against Iran.

    The Washington think tank community is outraged over the apparent major breach…

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    The documents, if accurate, reveal the efforts by US intelligence to closely monitor the preparations of US ally Israel for an attack on Iran. In this scenario the US Geospatial-Intelligence Agency using its spy satellites to track movements at Israeli Air Force bases.

    Tyler Durden
    Sat, 10/19/2024 – 14:40

  • 3 Americans Detained In Venezuela Over Alleged Anti-Government Plot
    3 Americans Detained In Venezuela Over Alleged Anti-Government Plot

    Authored by Katabella Roberts via The Epoch Times,

    Three U.S. citizens are among five people detained by Venezuelan authorities over their alleged connection to a terrorist plot to destabilize the country, Venezuela’s interior minister announced on Thursday.

    Appearing on state television, Venezuelan Interior Minister Diosdado Cabello identified the U.S. citizens as David Guttenberg Guillaume, Gregory David Werber, and Jonathan Pagan Gonzalez.

    Cabello did not state when the five individuals were detained or what charges they faced but said Gonzalez was captured in the border state of Zulia.

    A Peruvian and a Bolivian citizen were also among those taken into custody alongside the three Americans, he said.

    All of the individuals speak “perfect” Spanish and traveled to the South American nation under the pretense of either a holiday or visiting a romantic partner, the interior minister said.

    “The detained foreigners speak Spanish perfectly, a necessary requirement for them to involve themselves in communities,” Cabello stated.

    Cabello provided no evidence linking the detained individuals to alleged terrorist activities in the country.

    Instead, he repeated previous claims that U.S. entities such as the CIA were behind the alleged terrorist plot – a claim that has been repeatedly refuted by the U.S. State Department.

    Election Results Under Scrutiny

    The detainments follow a clampdown on what Venezuela’s government has described as “anti-government activities” following the highly disputed July presidential election in which President Nicolas Maduro secured a third term in office.

    The election results sparked nationwide protests and have been heavily scrutinized by the United States and its allies, including Canada, France, Germany, Italy, Japan, and the UK.

    The latest arrests bring the number of foreign detainees in Venezuela to at least 12 after three Americans, two Spaniards, and a Czech citizen were arrested last month.

    One of those detained was later identified as Wilbert Joseph Castañeda Gomez, whom Cabello described as a Navy SEAL who had served in Iraq, Afghanistan, and Colombia.

    Also in September, a fourth U.S. citizen was arrested for allegedly taking photos of electrical and oil installations and military units.

    Officials accused those individuals of traveling to the country to assassinate Maduro, overthrow the Venezuelan government, and kill several members of its leadership.

    The United States in September imposed sanctions on 16 individuals connected to Maduro, whom the Biden administration accused of obstructing voting during the July presidential election and carrying out human rights abuses.

    The Maduro administration has previously used Americans imprisoned in Venezuela to gain concessions from the U.S. government.

    Under a deal with the Biden administration in December last year, the Venezuelan government handed over 10 Americans and a fugitive wanted by the U.S. government to secure a presidential pardon for Columbian businessman Alex Saab, a close Maduro ally accused of a $350 million money laundering scheme.

    The Epoch Times contacted the State Department for comment but didn’t receive a reply by press time.

    Tyler Durden
    Sat, 10/19/2024 – 14:00

  • "I'm With Elon": Gavin Newsom Unexpectedly Backs SpaceX In California Lawsuit Against Rogue Democrats 
    “I’m With Elon”: Gavin Newsom Unexpectedly Backs SpaceX In California Lawsuit Against Rogue Democrats 

    California’s far-left governor, Gavin Newsom, has unexpectedly backed Elon Musk and SpaceX. The private spaceflight company, which handles the majority of US space launches and leads the space race in this solar system, filed a lawsuit against a California state commission early last week, accusing it of political bias. The suit alleges that Democrats are hindering SpaceX launches off the Pacific coast. 

    “I’m with Elon,” Gov. Newsom said in an interview Thursday after campaigning for VP Kamala Harris in the swing state of North Carolina, which Politico quoted. He continued, “I didn’t like that.”

    On Tuesday, SpaceX filed a lawsuit in federal court in Los Angeles against the California Coastal Commission for alleged political discrimination. 

    The lawsuit stems from the California Coastal Commission’s (CCC) decision to halt SpaceX’s plans to increase the number of rocket launches from the Space Force base in Santa Barbara County. 

    SpaceX lawyers claimed that CCC made the decision based on political differences with Musk, a top supporter of Trump and anti-woke crusader on X, bashing Democrats for their nation-killing policies, such as open southern borders, lawless metro areas, out-of-control debt binge in Washington, and the list goes on and on. 

    The lawsuit asserts CCC’s 12 members “engaged in naked political discrimination” in last week’s decision over the Department of Defense (DOD) proposal to increase the number of SpaceX launches at Vandenberg from 36 to 50. 

    “Rarely has a government agency made so clear that it was exceeding its authorized mandate to punish a company for the political views and statements of its largest shareholder and CEO,” the lawsuit reads.

    Gov. Newsom added, “Look, I’m not helping the legal case … and you can’t bring up that explicit level of politics.” 

    Newsom sided with SpaceX in the lawsuit and pointed out that an independent agency should have been involved, politics aside, in the decision-making process for rocket launches at the base. 

    Newsom understands that, unlike many Democrats, SpaceX has become a critical part of national security rocket programs. In fact, Musk’s rocket company is quite literally America’s space program in terms of space launches and total mass catapulted into low Earth Orbit. SpaceX will even rescue Boeing’s stranded crew at the International Space Station early next year. 

    Using data from BryceTech, SpaceX launched 525 spacecraft into orbit in the first quarter, far outpacing China and Russia. 

    Musk is America’s rocket program: SpaceX launched about 429,125 kg of spacecraft upmass in the first quarter, significantly outpacing China’s rocket program (China Aerospace Science and Technology Corporation), which launched a measly 29,426 kg. 

    Much of this is due to SpaceX’s Starlink deployment in LEO, as thousands of these satellites provide high-speed internet coverage to millions of customers worldwide. 

    Just last week

    And this. 

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    Jonathan Turley penned in a note last week:

    The left will now kill jobs, cancel national security programs and gut the Constitution in its unrelenting campaign to get Musk. His very existence undermines the power of the anti-free speech movement. In a culture of groupthink, Musk is viewed as a type of free-thought contagion that must be eliminated.

    If Democrats are indeed trying to sabotage America’s space program by weaponizing the government to restrict Musk and slow down rocket launches, it raises serious national security concerns. A deeper conversation must be had about whether this radical far-left party is being influenced by foreign adversaries with competing space programs—like China. 

    Tyler Durden
    Sat, 10/19/2024 – 13:25

  • Kamala's "Opportunity Agenda" Will Be Disastrous For African Americans
    Kamala’s “Opportunity Agenda” Will Be Disastrous For African Americans

    Via SchiffGold.com,

    With Kamala Harris rapidly fading in polls among African-Americans, her campaign just released a desperate “Opportunity Agenda” for black men outlining policies that will have disastrous economic consequences. Ironically, the consequences of “forgivable loans” are likely to be the most damaging to the very same groups that she’s claiming to help.

    A “forgivable loan” is another way of saying “free money.” Printing $20,000 and handing it out to black entrepreneurs is only going to push prices up for the things those entrepreneurs need. Meanwhile, banks that get to issue the loans do so with no risk, because it’s all backed by the Full Faith and Credit of you, the American taxpayer. 

    The idea is to get “mission-driven lenders” to issue the loans. This slathers a gloppy layer of do-gooderism over the fact that, most likely, these loans will be issued by the usual State-favored megabanks. After all, they all have “Mission Statements,” so who’s to argue whether they’re “Mission-Driven” or not? They’re all part of a criminal banking cartel that enjoys an incredibly privileged position in terms of being inextricable from the US political structure, first in line at the low interest rate and QE money printer. 

    Meanwhile, megabanks like Wells Fargo (owned by BlackRock, Fidelity, and Vanguard) have stolen far more houses and cars than any street thief ever could, preyed on Native Americansopened millions of fraudulent accounts, violated international sanctions, aided money laundering, along with other offenses.

    Having some guaranteed loans on the books also incentivizes malinvestment, encouraging banks to dump more money into risky bets in other areas. When you get some free money, you want to play with it. It’s just human nature.

    Forgivable loans offered to a specific ethnic group even incentivizes discrimination against them.

    If loan officers know that African-Americans are getting forgivable loans courtesy of the federal government, they’re more likely to charge higher interest rates even to black entrepreneurs whose loans aren’t guaranteed.

    Meanwhile, the Fed’s inflationary policies cause the most pain to the lowest earners and the middle class. 

    While bursts of “economic stimulus” like those of the 2008 and 2020 crises juiced the economy in the short or medium-term, we’re feeling the effects today in the form of drastically higher prices and a middle class that continues to vanish.

    Federal Reserve Total Assets (Less Eliminations from Consolidation)

    It all comes down to less competition in the marketplace, which inevitably leads to higher prices. No matter the context, nature or finance, humans respond to incentives, and markets are no different. That’s why no central authority can overcome the natural will of the market, no matter how hard it tries. In the long run, nature always wins.

    Of course, the Harris campaign’s “proposal”  is a campaign season prop to buy votes, and wouldn’t be enforceable without an act of Congress. But it’s still a notable sign that the campaign is worried that being a black woman might not be enough for Harris to get back the black vote. While it favored Biden, African-American support faded continuously throughout the course of his administration. For his part, Trump is promising a utopia of his own, and is a fan of the money printer as long as he gets credit, even making a point to ensure his name would appear on the inflationary Covid stimulus checks. As Peter Schiff recently said on Kai Hoffman’s Soar Financially, “Trump is promising immediate results—positive, no pain, just gain.” But inflation is already baked into the cake.

    “We have, you know, inflation that masquerades as growth…I think the economy is very weak, that’s why the Fed is cutting rates, and they’re going to cut them even more, and I think they’re going to go back to QE.”

    Incumbent administrations love when the Fed juices the economy for them, since they can take the credit.

    But Kamala’s campaign season pandering to “help” African American entrepreneurs is going to create more of the inflation and discrimination that holds back disadvantaged groups in the first place.

    Tyler Durden
    Sat, 10/19/2024 – 12:50

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Today’s News 19th October 2024

  • America's National Security Is Far Worse Off Than Four Years Ago
    America’s National Security Is Far Worse Off Than Four Years Ago

    Authored by James E. Fanell and Bradley A. Thayer via American Greatness,

    Ronald Reagan’s query to the American people in his October 28, 1980, debate with incumbent President Jimmy Carter was so simple and so devastating that it is still employed today: “Are you better off than you were four years ago?” While most Americans are far worse off today than they were four years ago, with rising prices, inflation, a hollow economy, and unchecked immigration, so too are the U.S., its allies, and its partner’s national security interests, which are far worse off than they were four years ago.

    Four years ago, there was stability in Europe, the Middle East, and the Indo-Pacific. Now Europe’s “long peace,” that is, no major war in Europe since 1945, has been shattered by Russia’s horrific invasion of Ukraine. This war has resulted in the deaths of over one million humans and the displacement of millions more. The Middle East is roiling with conflict due to Hamas’ October 7, 2023, unprovoked attack on Israel and its consequences—the Iranian-backed Houthis interdiction of international shipping in the Gulf of Aden and the Red Sea, the attacks from Hezbollah in Lebanon and ultimately unprecedented attacks from Iran against Israel with drones and missiles. The Indo-Pacific is rife with unrest principally due to the People’s Republic of China’s (PRC) hyper-aggression against key U.S. allies and partners like India, Japan, the Philippines, and Taiwan, and against the American people themselves.

    The cause of this instability is the Biden-Harris administration’s ideological obsession to “manage America’s decline” and the subsequent policies they adopted in the last almost four years. The Biden-Harris administration failed to deter the Russian invasion of Ukraine in February 2022. This war is a humanitarian nightmare for all concerned; it is a stalemated conventional conflict, evincing an intensity of combat not seen in Europe since 1945. The war also entails the risk of nuclear escalation, the tremendous cost of which the U.S. and its NATO allies would not escape. In addition, this administration has fundamentally failed to support Israel by not holding Iran to account—even worse by providing Tehran the funding to expand their terrorism against Americans.

    However, in the pantheon of Biden’s failures, it is towards the PRC that the Biden administration has made its greatest foreign policy fiascos. The Biden-Harris administration has continued the failed “Engagement” policies with the PRC that have aided the Chinese Communist Party (CCP) at a time of great peril. The Biden-Harris administration ignores the existential nature of the CCP threat because it seeks to continue the Engagement school of thought through what we call the Biden-Harris administration’s “neo-Engagement” policy.

    With the exception of the Trump presidency, Engagement has been the dominant U.S. approach to the PRC since Bill Clinton. It asserts that the PRC is not an existential threat to the U.S. Far from it—the Engagement school contends the Sino-American relationship should be cooperative. Any troubles may be addressed by more cooperation with the PRC and accommodation of the interests of the CCP to sustain that cooperation. In essence, the Engagers are appeasers. Unfortunately, their arguments are ubiquitous and dominate U.S. foreign policy toward the PRC. Engagement dominates Wall Street, foundations, think tanks, universities, media, Silicon Valley, K Street, major law firms, and government. Even after the fiasco of allowing a PRC intelligence, surveillance, and reconnaissance balloon to fly over the entirety of America and the conga line of Biden-Harris cabinet officials traveling to Beijing to kowtow before Xi Jinping, the nadir was the November 2023 meeting between Biden and Xi near San Francisco. Beyond the obsession by Biden-Harris to resume military-to-military exchanges despite the People’s Liberation Army’s increased threatening behavior, 400 of America’s richest business leaders attended a dinner with the PRC’s dictator—Xi Jinping. These “titans” of America’s economy gave the CCP dictator two standing ovations while Xi explained his vision of tyranny—on American soil—and how the American business elite could help him sustain it.

    The failed Biden-Harris neo-Engagement policies have allowed the CCP to escape the costs of its many decades of misrule but also provided the window for the CCP’s hyper-aggression over the last four years. Since assuming office, the Biden-Harris administration has overseen and done nothing as the PRC built over 300 nuclear Intercontinental Ballistic Missiles (ICBM) silos in central and western China, upgraded the submarine-launched ballistic missiles (SLBM) aboard their sea-based leg of their triad, expanded their ballistic missile submarine production facilities, and introduced a new nuclear bomber, the H-20. This aircraft very closely resembles the B-2 stealth bomber.  Additionally, the Biden-Harris regime has sat by as PLA Air Force H-6 bombers have for the first time flown nuclear bomber profiles with their Russian Long Range Aviation counterparts into the Alaskan Air Defense Identification zone.

    By every metric, the CCP is flexing its strategic muscles by expanding its nuclear arsenal and strategic reach.  The PRC continues to agress relentlessly against U.S. national security interests. While the pace of their aggression is quickening, the Biden-Harris administration is cutting the size of the Department of Defense. For example, Biden-Harris continues to decommission more warships than it builds, as demonstrated by their Fiscal Year 2025 budget that procures just six warships, the lowest number of any budget submission since 2006.

    This degradation of America’s maritime power is especially pernicious as the situation in the South China Sea, near Scarborough Shoal or Sabina Shoal, is dramatically worsening. Likewise, the PLA is increasing its pressure on Taiwan through unceasing operations to prepare for an invasion. In the past month, the PLAAF violated Japanese territorial waters for the first time ever. Moreover, the PLAN and Russian Navy sailed into the Gulf of Alaska, while it has been confirmed that PLA is supplying Russia with military weapons to aid Moscow in its war against Kyiv. There are also credible reports, including from the South Korean Minister of Defense, that the North Koreans are directly aiding the Russian war effort.

    In his famous debate with Carter, Reagan also asked Americans if they believed America was as respected and whether America was as strong as four years ago. Once again, the answer to that question today is no. America was far more respected by its foes and was stronger four years ago than today. America was seen by its key allies in Europe, the Middle East, and the Indo-Pacific as a far better, more reliable, and more confident ally than today. The result is that a Harris presidency would continue these neo-Engagement policies to embolden enemies and continue to punish allies and partners. Only a Trump presidency will end failed policies of neo-Engagement and return the U.S. to the Reaganesque certainty of the previous Cold War that “the U.S. wins, the CCP loses.”

    ***

    James E. Fanell and Bradley A. Thayer are authors of Embracing Communist China: America’s Greatest Strategic Failure. The views expressed are their own.

    Tyler Durden
    Fri, 10/18/2024 – 23:25

  • Which College Degrees Have The Best Return On Investment?
    Which College Degrees Have The Best Return On Investment?

    Career prospects, and especially expected lifetime salaries, can be a strong motivator or deterrent in pursuing certain college degrees.

    Not all degrees guarantee higher lifetime earnings compared to entering the workforce after high school without a degree – as some degrees may end up costing more than their financial benefits.

    This graphic, via Visual Capitalist’s Kayla Zhu, shows the average return on investment of a degree in the U.S., based on analysis from CollegeNPV of data from the U.S. Department of Education and Bureau of Labor Statistics.

    The return on investment of a degree is the expected lifetime value of the degree (net of debt) compared to entering the workforce after high school.

    STEM Degrees Have The Best Bang For Their Buck

    Below, we show the average return on investment of various degrees in the U.S.

    Field of Study Average return on investment
    Engineering $570,616
    Computer and Information Sciences $477,229
    Mathematics $340,875
    Engineering Technicians $311,141
    Business $205,191
    Architecture $196,711
    Nursing and Health Professions $194,756
    Physics, Chemistry and Geology $168,822
    Social Sciences $118,454
    Interdisciplinary Studies $69,656
    Biology $63,913
    Agriculture $59,556
    Area, Ethnic, Cultural, Gender and Group Studies $42,959
    Legal Studies $38,999
    Natural Resources and Conservation $28,985
    Communication and Journalism $28,654
    Homeland Security, Law Enforcement and Firefighting $27,284
    Foreign Languages $25,750
    Public Administration and Social Services $7,787
    Philosophy and Religious Studies $6,011
    History $4,938
    Fitness, Parks and Recreation -$1,078
    Liberal Arts and General Studies -$13,337
    Psychology -$15,644
    Education -$20,075
    Family and Human Sciences -$24,540
    Communications Technologies -$28,911
    English Language -$39,057
    Theology -$91,749
    Visual and Performing Arts -$104,015

    Engineering, computer and information sciences, mathematics, and engineering technician degrees are the most valuable degrees in the U.S. when looking at expected lifetime income minus debt compared to working right after high school without a degree.

    As for specific programs, Harvard University’s computer science degree ranks first for ROI, according to CollegeNPV.

    Graduates of this program can expect an ROI of over $4 million in their lifetime, with $256,539 in median income and $14,000 in median debt.

    On the other end, humanities degrees like visual and performing arts, theology, and English are among the least valuable degrees when looking at lifetime earnings.

    With a negative ROI of about $39,000, English language programs have also experienced the greatest decrease in graduates, with 32% fewer students completing these programs compared to 10 years prior.

    To learn more about some of the top universities in the U.S., check out this graphic that shows which universities produce the most startup founders.

    Tyler Durden
    Fri, 10/18/2024 – 23:00

  • Baby Bust Will Soon Reshape Public Schools
    Baby Bust Will Soon Reshape Public Schools

    Authored by Jay Greene via The Epoch Times (emphasis ours),

    The most powerful force shaping the future of education is the sharp decline in babies being born in the United States and worldwide. As Americans have fewer children, and fewer children immigrate from abroad, the school-age population will decline dramatically over the next few decades.

    John Moore/Getty Images

    The United States has experienced a baby bust once before in the wake of the baby boom in the 1970s and 1980s, which gives us some idea of what to expect. But unlike the previous baby bust, which was a temporary artifact of the boomers ageing out of school, the upcoming decline in school-age population has no end in sight.

    We are about to experience a baby bust on steroids. Public school enrollments reached a peak of 50.8 million in 2019 and are projected to drop below 47 million by 2030. But that’s just the start. This year U.S. fertility rates hit an all-time low. Since the smaller number of children born this year will barely be entering school by 2030, the steep decline in school enrollments will accelerate after 2030.

    In 20 states, public school enrollments are projected to fall by more than 10 percent by 2031. Almost all of these states with larger enrollment declines are blue states, with Hawaii, California, New Mexico, and New York leading with drops between 19 and 21 percent.

    During the previous baby bust, declining school populations forced districts to close schools and layoff teachers. Job insecurity among teachers caused them to flock to teachers’ unions for protection, transforming them from local organizations concentrated in a few big cities into national political powerhouses.

    As the share of the population with children in school declined in the 1970s, property tax revolts arose across the country, most notably with Proposition 13 in California in 1978. With access to local property taxes becoming more constrained, school districts turned to the state and federal governments for funds. The teachers’ unions were able to use their increasing membership and political power to get President Carter to create the Department of Education in 1980, gaining an institutional ally in advocating for increased federal funding.

    This shift from local property tax to state and federal sources of school funding was successful in reducing the extent of school closures and teacher layoffs, but it made schools more financially vulnerable to future reductions in enrollment. Unlike local property tax, state and federal money is typically allocated to districts on a per pupil basis. If the number of pupils drops, funding is cut by a commensurate amount.

    As school enrollments start to plummet, so will their funding. The various tricks that districts have employed in the past to compensate financially are less available to rescue them. Districts might hope that state governments could significantly increase per pupil funding levels to offset enrollment drops, but state budgets are already stretched thin.

    This is especially true as the increasing share of the population over the age of 65 places more demands on states to fund healthcare. Given that the number of voters directly benefiting from government-funded healthcare far exceeds those benefiting from government-funded schools, districts should expect little financial relief from state budgets.

    The same dynamics will play out at the federal level. School districts might hope that federal spending could bail them out and could point to the fact that, unlike state budgets, the feds need not balance their budgets. But the inflationary surge following the pandemic impressed upon policymakers that even the federal government has limits on what it can spend. And with healthcare, crumbling infrastructure, and a host of other issues all in line for federal bailouts ahead of education, districts should moderate their expectations for financial relief from the federal government.

    With a larger and more sustained drop in enrollments coming and with less opportunity for financial rescue, the school closings and teacher layoffs are likely to be much larger than they were in the 1970s and 1980s. Education colleges will lose even more enrollment than they already have, and many will have to close their doors. Teachers may turn once again to the unions for protection. But unions cannot expand their geographic scope and will experience a drop in membership as the number of teachers declines, resulting in diminished political power.

    The birth dearth will also make adopting important reforms of the education system more challenging in some ways. As we clearly saw in Arizona, expanding school choice is made more politically palatable when state governments are flush with cash and when public schools are overcrowded with growing enrollments.

    When schools are filled with students, and districts are at least partially held harmless from the loss of funds as enrollment shifts to private schools, the public school establishment doesn’t fight quite as hard to block new competition from private school choice. Going forward, passing new school choice programs will become more difficult as districts become more desperate to keep every student and every dollar those students generate.

    Plummeting fertility rates, however, might provide a new argument for states to adopt choice programs. With fewer people being born, many states may experience shortages of labor, especially outside of the sunbelt where populations are already fleeing. Empowering parents to have more options and control over the education of their children may give states a competitive advantage in attracting or retaining those families and their labor.

    This competitive pressure to adopt choice programs is becoming stronger as a critical mass of states have already enacted universal private school choice programs in which every child in the state is eligible to direct government funds or subsidies to their preferred educational setting. Once Texas adopts universal school choice, which appears likely to occur next year, almost 40 percent of all students in the country will be eligible for private school choice.

    With many red states still gaining population aboard the choice bandwagon, it will be harder for other states to resist adopting similar universal choice programs. Georgia, Idaho, Mississippi, Tennessee, and Wyoming may find it difficult to explain to their voters why they won’t do what Alabama, Arizona, Arkansas, Florida, Iowa, Louisiana, North Carolina, Oklahoma, Texas, and Utah have already done. And once almost 20 red states have embraced universal school choice, purple and blue states will feel enormous pressure to do the same or face even larger migrations of families and labor force from their states to others that do empower families with options for educating their children.

    In addition, because private choice programs cost significantly less per pupil than do traditional public schools, state policymakers will find the financial savings very attractive. It will allow them to cover those rising healthcare costs and somewhat increase the per pupil funding for students who remain in public schools.

    As the economic historian William Fischel observed in his book “Making the Grade,” the ability of American families to move shaped the initial development of the country’s education system. Educational opportunities were an attractive amenity that lured families to relocate to new communities and increase that area’s tax base.

    That was why the Northwest Ordinance of 1787 set aside a parcel of land in each block for development as an endowment for building a local school, enticing families to move West and settle the Northwest Territory. Similarly, local communities added secondary education to their school districts to complete more effectively in luring families to move to their area.

    As Fischel explains it, Tiebout choice, or the competitive market of local governments, produced the education system we now have. But existing arrangements are not set in stone and will continue to be reshaped by competition among local governments. Tiebout choice will soon lead policymakers to offer universal private school choice to attract families and their labor to their state. As birth rates plummet, the competition for that labor will grow more intense, increasing the appeal of adopting policies that empower families with educational options.

    From the American Institute for Economic Education (AIER)

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden
    Fri, 10/18/2024 – 22:35

  • Israel Already Requesting A Second THAAD Missile Defense Battery From US
    Israel Already Requesting A Second THAAD Missile Defense Battery From US

    It was only within the past few days that Israeli leaders confirmed a US-supplied THAAD anti-ballistic missile system has become operational on the ground in Israel. This marked a major development which has effectively put American troops directly in harm’s way at a moment Israel is still readying to retaliate against Iran for the Oct.1st ballistic missile attack.

    But just after the arrival of the first THAAD (or Terminal High Altitude Area Defense), the Israeli government is already requesting that a second one be deployed from the US, according to Israel’s Channel 12 on Friday.

    Times of Israel notes that “Each battery consists of six truck-mounted launchers, 48 interceptors, radio and radar equipment, and requires 95 soldiers to operate.”

    Already some 100 American soldiers are on the ground manning the first THAAD, but a second battery would bring that total to around 200 US soldiers deployed in Israel. There’s as yet been no indication that the Pentagon plans to ship a second battery.

    Pentagon spokesperson Sabrina Singh on Tuesday described that “An advance team of military personnel and some of the initial components needed to operate the missile battery arrived in Israel yesterday [Monday], with additional personnel and components scheduled to arrive in the coming days with a goal of making the THAAD fully capable in the near future.”

    “This decision was made as part of the broader adjustments the U.S. military has made in recent months to support the defense of Israel and protect Americans from attacks by Iran and Iranian-aligned militias,” she continued.

    The White House says it has been briefed by the Netanyahu government on what targets in Iran are expected to be hit, as Israel’s retaliation remains imminent. But it seems Tel Aviv is already begging for more and more equipment and missiles from the Pentagon.

    “Israel faces a looming shortage of interceptor missiles as it shores up air defenses to protect the country from attacks by Iran and its proxies, according to industry executives, former military officials and analysts,” FT wrote this week.

    “The US is racing to help close gaps in Israel’s protective shield, announcing on Sunday the deployment of a Terminal High-Altitude Area Defense (Thaad) antimissile battery, ahead of an expected retaliatory strike from Israel on Iran that risks further regional escalation.”

    https://platform.twitter.com/widgets.js

    One analyst and former US senior defense official, Dana Stroul, was cited in the same report as saying that “Israel’s munitions issue is serious.” Stroul, a pro-Israel and anti-Iran hawk, has described that “If Iran responds to an Israel attack [with a massive air strike campaign], and Hizbollah joins in too, Israel air defenses will be stretched.”

    Israel is likely to keep asking for more, and despite billions of dollars already pledged – and based on prior patterns – Washington is likely to oblige… just as it’s been doing for the constant similar requests out of Ukraine.

    Tyler Durden
    Fri, 10/18/2024 – 22:10

  • Why Women Should Vote For Trump
    Why Women Should Vote For Trump

    Authored by Tiffany Marie Brannon via RealClearPolicy,

    Dear fellow women, You are being played…

    And falling for this particular confidence scheme won’t just cost you, it’ll cost all of us. 

    I’m an affluent 30-something divorced, white, childless, American woman with multiple postgraduate degrees, and a busy career. I’ve lived abroad in several metropolitan cities and I own my home. According to every single statistic, I should be a J.D. Vance-loathing single cat lady. 

    I should also really hate Donald Trump. But I don’t. 

    Lest we forget, the presidency is not a popularity contest. There seems to be some confusion on that front. You aren’t casting a ballot for Prom Queen, you’re voting for the leader of the free world. It’s why that little thing called the Electoral College exists. 

    I’ve heard other women say they’re voting for Vice President Kamala Harris because “she’s more iconic” than Trump. My response: what about inflation, foreign or domestic policy, war, immigration, education, human trafficking, or any other serious issue? 

    The truth is, if you actually voted for real pro-women policies, you’d vote for Trump. 

    And the Left knows this. 

    That’s why the Democratic Party has spent untold millions making Abortion the #1 issue for women. White women alone make up 40% of the electoral vote and 89 million American women total are registered to vote, making us the largest voting bloc in the nation. In 2020, swing states like Arizona, Michigan, Minnesota, and Pennsylvania saw women vote at record rates, with Biden winning 57% of female voters.

    We hold serious power. Hence why Democrats want to convince women that the unrestricted right to abortion is more important than the right to vote, freedom of speech, or any other right you can think of. Make abortion equalitarian with being female and tell them they are physically under attack by the GOP. Oh, and also by the Supreme Court. We can’t forget them. Democrats have done such a good job with this indoctrination that, in a recent viral video, young women said they would rather have the right to an abortion over the right to vote. What are they teaching girls in schools these days?

    Yet even if you’re a passionately pro-choice voter, it’s silly to consider abortion as the critical issue at stake in this election. After all, Trump has already said he doesn’t favor a national abortion ban and that he would veto any such bill. According to KFF, only 14% of American women – or 7% of the American population – have had an abortion at some point in their life, 21% being Black, 19% Hispanic, and 11% White women. 

    In contrast, 100% of Americans – women included – have to buy food, pay medical bills, and want to know their tax dollars are going to help them in an emergency. Just ask the victims of Hurricane Helene as they were offered a measly $750 after FEMA gave billions of U.S. taxpayer dollars away to noncitizens and foreign countries under the Biden Harris Administration.

    We’ve been inundated with the message that voting for an objectively unpopular and recognized failure of a Vice President because she loves abortion, possesses a female reproductive system, and is of minority ethnicity is more important than anything else that matters. 

    Ladies – don’t be so easily fooled. 

    Trump’s record speaks for itself and is deserving of closer attention by female voters. The former president approved the largest paid parental leave program in history, guaranteeing 12 weeks of paid leave. He directed more than $200 million per year to technology education grants for women and programs that encouraged STEM careers. He founded the Women’s Global Development and Prosperity Initiative, the first-ever government program focused on advancing women’s “full and free participation” in the global economy. Trump also shone a spotlight on under-the-radar domestic women’s issues, establishing a task force for missing and murdered Native American women. Under the Trump administration, women’s unemployment reached the lowest level in 67 years and women received over 70% of new jobs.

    Last I checked, those policies affect far more than 14% of the female population. 

    Even Trump recognizes this. He recently observed, “Women want to have safety. They want to have a strong military. They want to have a strong police force… They want to be in their house and they want to be safe. … I hope they like my personality… But to me, it wouldn’t be very important, the personality.”

    He’s right. This is not a personality contest. It’s not about which candidate is more “iconic.” It is our duty as citizens to vote for the best policies, laws, and chances for us and our loved ones to thrive for years to come. Women voters are no exception to this rule.

    So, from one would-be single cat lady to a nation of others, consider this: voting for the rich white man in this election doesn’t make you evil. 

    It makes you wise. 

    Tiffany Marie Brannon is a political strategist and the writer and host of the TMB Problems podcast.

    Tyler Durden
    Fri, 10/18/2024 – 21:45

  • Communism Failure: Cuba Paralyzed By Massive Power Blackout 
    Communism Failure: Cuba Paralyzed By Massive Power Blackout 

    In a post on X, Cuba’s Ministry of Mines and Energy announced that the nation’s largest power plant has been “completely disconnected,” sparking widespread blackouts across the island. While unsurprising for the Communist-run island nation in the northern Caribbean Sea, it’s a stark warning for all Americans about how Kamala Harris’ proposed Communist policies could rapidly push the US towards third-world conditions if elected next month. We’re halfway there with ten-plus million unvetted illegal aliens roaming America’s city streets.

    “Following the unexpected departure of the Antonio Guiteras CTE, the National Electricity System was completely disconnected at 11 a.m. today. The Unión Eléctrica is working on its restoration,” the Ministry of Mines and Energy wrote on X around 1235 ET. 

    Bloomberg noted that hours before the unexpected failure at the 330-megawatt capacity CTE Antonio Guiteras power plant, the Communist government revealed that it would “paralyze” top industries and divert power for residential customers. 

    “But the frequency and duration of blackouts has been on the rise, as Cuba’s aging power generators break down and the cash-strapped government struggles to import enough fuel,” the media outlet noted. 

    Cybersecurity firm Cloudflare showed that internet activity on the island has also plunged due to power outages. 

    Cuba’s communist regime is undoubtedly at its weakest point in decades. Constant power blackouts and food shortages are merely signs that centrally planned economies don’t function efficiently.  

    Yet, while Cuba implodes, Kamala Harris has pitched American voters that her proposed Communist-style price control strategy will make them better off if she is elected. 

    Sorry Democrats. Americans don’t want Chinese-style Communism. Innovation and freedom are okay with them. 

    Tyler Durden
    Fri, 10/18/2024 – 21:20

  • 5 Key Exercises To Keep Your 40s From Feeling Like Middle Age
    5 Key Exercises To Keep Your 40s From Feeling Like Middle Age

    Authored by Kevin Shelley via The Epoch Times (emphasis ours),

    Welcome to middle age. Sounds strange, doesn’t it? People in their 40s are still quite young, in their prime working years, and possess the blush of youth that society cherishes.

    Justin Lambert/Getty Images

    Your 40s are often a time of peaks: Your career history may be established, your family may be maturing, and you are still full of energy and vitality. However, you aren’t officially “young” anymore. The advancement into your middle ages introduces you to a time when your muscles become harder to maintain without dedicated exercise and when sedentary behavior comes at a higher price.

    But don’t let this make you feel old, whippersnapper, because you aren’t. Besides, you can continue to stay strong and energetic with just a little exercise, and I’ve provided some great ones for you to get started.

    The key here is maintaining muscle mass and flexibility to counteract the beginning of muscle decline and decreasing joint mobility. At this stage in life, managing stress and finding time to maintain healthy habits amid career and family responsibilities is crucial. You’ll be pleasantly surprised at how little time it can take.

    I suggest establishing a workout routine with your family and friends to increase socialization and maximize exercise consistency. It may also be helpful to consult your physician to ensure that these exercises are right for you.

    5 Key Exercises for Your 40s

    1. Plank

    The plank is an excellent, classic core strengthening exercise that can be performed nearly anywhere. It’s challenging at first, but progress comes quickly.

    Step 1: Assume a prone position on the floor, lying with your chest and stomach downward. Rise onto your elbows while keeping your upper arms straight and at shoulder-width, palms on the floor, head up and facing forward, and your back straight (a straight back is critical).

    Step 2: Hold this position for as long as you can, up to 1 minute.

    Step 3: Try doing 3 sets for 1 minute each, taking 1 minute of rest between each set. Perform 3 rounds of plank , which counts as 3 sets.

    Planks are an excellent exercise on their own but are even better paired with the other exercises.

    Modification: You can make planks easier by bringing your forearms or knees to the floor.

    Dan Skorbach/The Epoch Times

    2. Pushups

    Pushups are renowned for their ability to provide an excellent workout in a simple, controlled movement.

    Step 1: Start on the floor with your feet together, palms flat on the floor, and arms fully extended. This is the classic starting position for pushups.

    Step 2: Lower your body by bending your elbows until you’re almost touching the floor. Keep your back and legs straight as you lower yourself.

    Step 3: Push yourself back up to the starting position. This counts as 1 repetition. Aim for 3 sets of 10 repetitions, making adjustments as needed.

    Modification: To make this exercise easier, you can keep your knees on the floor and limit how far you bend your elbows and lower your body.

    Dan Skorbach/The Epoch Times

    3. Weighted Squat

    Weighted squats target the legs and gluteal muscles and take the standard bodyweight squat up a notch in both difficulty and benefit.

    Step 1: Stand with your arms by your sides and your feet approximately body-width apart. Hold 1 to 2 pounds of weight in each hand. Canned goods work well in this role, but feel free to add weight.

    Step 2: Start by slowly squatting down until your knees are bent at a 90-degree angle, then slowly return to standing. Take one to two seconds to move in both directions—don’t rush. As you squat, bring your arms from your sides straight out. This helps with balance and adds intensity. While squatting, push your hips back to prevent your knees from moving past your toes. This helps protect your knees from unnecessary strain and ensures proper alignment.

    Step 3: Squatting and rising counts as 1 repetition. Try to perform 3 sets of 12 repetitions.

    Modification: If squatting to 90 degrees or rising from it is too much, just do what you can at first.

    Dan Skorbach/The Epoch Times

    Read the rest here…

    Tyler Durden
    Fri, 10/18/2024 – 20:55

  • China's Coal Production Surged in September
    China’s Coal Production Surged in September

    By Irina Slav of OilPrice.com

    Coal production in China rose by 4.4% in the year last month to a total 414.46 million tons, government data showed.

    The production rate also rose on the month: the August total stood at 396.55 million tons.

    The increase followed the end of safety inspections in coal-producing regions and the return of coal-to-chemicals capacity to normal operation after maintenance, Reuters reported.

    “Following the end of maintenance on some coal-based methanol, urea, PVC and other chemical capacity, the capacity utilisation rate has gradually increased,” Reuters quoted analysts with Galaxy Futures, a China-based financial services firm, as saying.

    Coal production over the first nine months of the year, however, only increased marginally, by 0.6%, to a total of 3.48 billion tons. The output was no doubt affected by safety probes that resulted in substantial reduction in accidents and deaths in coal mines.

    Demand for coal was coming mostly from the power generation sector, where coal continues to be king, and heavy industry. Coal-power generation in China rose by 8.9% in September on an annual basis, reaching 545.1 billion kWh, the state statistics agency said.

    China’s coal imports also rose in September, to a total of 47.59 million metric tons of coal, a 13% increase from September 2023. The increase in imports was largely driven by a favorable arbitrage between foreign and domestic supply.

    The Asian benchmark of coal prices, at Newcastle in Australia, were falling for most of last month. The lowest level in September, at $136.46 per metric ton on September 23, was a 7% decline from the August high of $147.13 per ton, according to Reuters estimates.

    Coal accounts for about 60% of China’s generation, despite a surge in hydropower earlier this year after abundant rainfall, which reduced the share of coal in the country’s energy mix. Natural gas, in contrast, accounts for less than 10% of generation.

    Tyler Durden
    Fri, 10/18/2024 – 20:30

  • The Collapse Of Kamala Harris
    The Collapse Of Kamala Harris

    Authored by Josh Hammer via American Greatness,

    On July 26, in the aftermath of the Democratic Party’s ruthless midsummer coup of their own democratically elected presidential nominee, this column predicted that the elevation of dimwitted cackler-in-chief Kamala Harris to the party’s presidential slot would “spectacularly backfire.” More specifically, I wrote: “Practically, the path to winning 270 Electoral College votes still runs through the Rust Belt states of Pennsylvania, Michigan and Wisconsin. It is frankly bizarre for Democrats to swap out the man who talks ceaselessly about his hardscrabble Scranton upbringing for a Californian who boasts the most left-wing voting record of any presidential nominee in modern history.”

    I’m feeling pretty good these days about that prognosis.

    Harris recently campaigned in Erie, Pennsylvania—a crucial regional hub in this election cycle’s most important battleground state. Conspicuously absent from that snoozefest was incumbent Sen. Bob Casey Jr. (D-Pa.). Harris tried to pass off the snub as a nothingburger, suggesting that Casey was doing the more important work of knocking on doors and getting out the vote. This doesn’t pass the laugh test. Facing a spirited challenge from Republican hopeful Dave McCormick, Casey has clearly concluded that Harris’ immense Bay Area lefty baggage—her history of endorsing the Green New Deal, a national fracking ban, and crippling electric vehicle mandates—is an electoral albatross around his neck.

    It’s tough to blame Casey. Other vulnerable Senate Democratic incumbents, such as Sherrod Brown (D-Ohio) and Jon Tester (D-Mont.), reached the same conclusion a while ago. Such a conclusion makes a great deal of sense: A recent Marist national general election poll, for instance, shows Trump up a whopping 10 points on Harris with registered independents. If that margin ends up being anywhere near accurate, it is extraordinarily difficult to see a scenario in which Trump loses.

    Harris has recently been engaging in what the psychology profession calls “projection,” ludicrously criticizing Donald Trump for avoiding the media when it was actually Harris who infamously avoided a single one-on-one sit-down interview for weeks on end following the Biden coup. In reality, Trump recently sat down for two interviews with Time magazine, whose owner is a vocal Harris donor. Harris declined a Time interview nonetheless. Prior to this week’s desperate, last-second change of course, which saw her sit down with Fox News’s Bret Baier, Harris had only deigned to sit down with the most obsequious media imaginable.

    One can only wonder how bad the Harris-Walz internal polling must be to impel her to ditch the far-left “Call Her Daddy” podcast and the friendly ladies of “The View” for the considerably more mainstream Baier. Desperate times sure call for desperate measures. Democrats routinely blast Republicans as misogynistic, but their own chronic misandry is so bad that Kamala is apparently considering a sit-down with podcast king Joe Rogan, whose own brand of woke-skeptical irreverence sharply clashes with Harris’ identity politics obsessions and overt race-based pandering. The tables sure have turned. Will the last person hanging around Harris-Walz campaign headquarters please turn off the lights?

    Snark aside, this race isn’t over yet. But the Harris-Walz camp cannot possibly be feeling too good right now, either.

    Democrats have no one to blame but themselves for their predicament. Throughout this interminable campaign season, they have studiously avoided substantive discussion of the four issues that Americans consistently tell pollsters are most important to them this cycle: the economy, inflation, immigration, and crime. Instead, they have repeatedly attempted to shift the electoral terrain back to the few issues that poll in their favor: namely, abortion and the Jan. 6 jamboree at the Capitol. In this, they have completely failed. The American people still care above all about the same four basic quality-of-life issues that they have cared the most about for years now. It is Democrats’ fault that they are so woefully out of touch with the voters’ sentiments on those issues and that the Biden-Harris administration’s track record polls as poorly as it does.

    Perhaps if the Harris-Walz ticket does go down in flames, Democrats will pause and take a long, hard look in the mirror. Perhaps they will recognize that promising late-term abortion is a peculiar way to pander to women, that pledging mass amnesty for illegal aliens is a counterproductive way to pander to Hispanics, and that dangling marijuana legalization is an outright offensive way to pander to Blacks. Perhaps. But if history is any indication, they probably won’t.

    ***

    To find out more about Josh Hammer and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.

    Tyler Durden
    Fri, 10/18/2024 – 20:05

  • For Harris, Pro-Choice Does Not Include Cars And Appliances
    For Harris, Pro-Choice Does Not Include Cars And Appliances

    Authored by Kenin M. Spivak via RealClearWire,

    Kamala Harris wants to deprive Americans of the right to choose cars and household appliances. When she claims, as she did at a rally last week in Michigan, that “I will never tell you what kind of car you have to drive” she is guilty of two of the Democrats’ most reviled offenses, malinformation (failure to contextualize a statement) and misinformation (lying).

    Combating climate by changing infrastructure, consumer goods, and lifestyle is one of Harris’s core values. As recently as this year, the Biden-Harris administration continued to issue regulations and battle in court for the right to reduce consumer options for automobiles and home appliances. Harris favors consumers having choices, just so long as those choices are limited to those she pre-approves.

    Then Senator Harris co-sponsored the Senate version of Alexandria Ocasio-Cortez’ Green New Deal. Harris believed that mandating priorities and choices to limit emissions was so important that she advocated ending the filibuster to do so. Harris also co-sponsored the Zero Admissions Vehicles Act to require that all cars be EVs, or otherwise zero-emissions, by 2040. When she ran for president in 2019, she issued a plan to phase out new gas-powered cars even sooner – by 2035.

    In April 2023, the Biden-Harris administration proposed rules that would ensure that EVs accounted for about 67 percent of all new car sales by 2032 (just eight years from now). After objections from nearly every sector and region of the country, the EPA issued final rules on March 20 of this year that require from 31 percent to 44 percent of new cars, SUVs, and pickup trucks manufactured in 2027 be EVs, with the final percentage to be based on emissions from other vehicles. The EPA rules require that by 2032, EVs account for at least 56 percent of new car sales, and at least another 13 percent be hybrids, leaving not more than 31% as gas powered.

    In 2023, EVs accounted for only 7.6 percent of new car sales. That is because, despite subsidies and massive pressure from government and the Left, consumers dislike EVs. EVs have limited range, particularly in the cold. They take a long time to charge, and it is difficult for those who live in apartments to do so. They are costly. EVs may not even be particularly good for the environment once the electrical grid and generating capacity are expanded to support mandates, and disposal of lithium ion batteries is considered. It also is unlikely the U.S. could have sufficient generating capacity without brownouts, blackouts, and other conservation measures.

    EV mandates imperil national security by replacing fossil fuels, in which the U.S. is the world leader, with minerals found in China. China also is the low cost manufacturer of EVs, meaning that EV mandates will send American jobs and profits to China.

    Energy expert Mark P. Mills warns that “All the world’s mines, both currently operating and planned, can supply only a small fraction of the… increase in various minerals that will be needed to meet the wildly ambitious EV goals,” while the UN Trade Development Agency advises there will be considerable shortages in lithium, cobalt, and copper if EV requirements are not slowed.

    The strong disfavor in which consumers hold EVs is seen in two numbers. As Fortune observed, “no one wants to buy used EVs,” destroying resale value, and second, EVs are the least likely cars to be stolen. Numerous major automobile manufacturers are cutting EV production targets, and earlier this year Hertz announced that it was disposing of a third of its almost new EV fleet. The 2024 Deloitte Global Automotive Consumer Study found that EVs were never very popular among consumers, and familiarity is breeding contempt, with a 9% increase in the popularity of gas powered cars. A Gallup survey in April found that among Democrats who don’t yet own an EV, the percent saying they would never purchase an EV rose 10 points, compared to a year ago.

    Harris not only wants to deprive Americans of the opportunity to choose gas-powered cars and most hybrids, but she also supports the Green New Deal’s goal of prohibiting sales of home appliances that do not meet draconian emissions standards. To date, the Biden-Harris administration has sought to take off the market most home dishwashers, heaters, air conditioners, and gas stoves. A federal appeals court struck down the Department of Energy’s action targeting dishwashers.

    In May, the House passed the Hands Off Our Home Appliances Act on a bipartisan basis. That bill is intended to restrain the administration from banning home appliances that run on natural gas.

    Next time Kamala Harris claims that she won’t tell you what to buy, just keep in mind that she intends to eliminate most options, leaving you with a Hobson’s choice of poorly performing alternatives.

    Kenin M. Spivak is founder and chairman of SMI Group LLC, an international consulting firm and investment bank. He is the author of fiction and non-fiction books and a frequent speaker and contributor to media, including The American Mind, National Review, the National Association of Scholars, television, radio, and podcasts.

    Tyler Durden
    Fri, 10/18/2024 – 19:15

  • NATO Membership Or Nuclear Weapons: Zelensky Stuns Allies With Demand
    NATO Membership Or Nuclear Weapons: Zelensky Stuns Allies With Demand

    Ukrainian President Volodymyr Zelensky, having received a lackluster response when he pitched his ‘victory plan’ to US officials in Washington last month, now says that Ukraine must either join NATO or obtain nuclear weapons.

    He made the ultra provocative comments while speaking before the EU’s European Council in Brussels, where he presented the victory plan before European lawmakers. That’s when he referenced a recent private conversation with Republican presidential candidate Donald Trump, saying he told Trump that his country needs “some kind of alliance” or be “forced to pursue nuclear weapons.” 

    “In a conversation with Donald Trump I said – this is our situation: What way out do we have? Either Ukraine will have nuclear weapons, which for us will be a defense, or we’ll need to have some sort of alliance, besides NATO. But today we know of no other alliance,” Zelensky said.

    Zelensky said “in practice, Ukraine is part of NATO.” Image source: NATO

    “NATO countries today are not at war. NATO countries are not fighting. In NATO countries people are still alive. Thank God. That is why we choose NATO, not nuclear weapons. And Donald Trump heard me. He said you have a just argument,” he continued.

    At one point in these comments he referenced this historic Budapest Memorandum, a 1994 agreement where Ukraine agreed to give up its nuclear arsenal from Soviet times in exchange for security guarantees from Russia, the US, and UK.

    He also emphasized in a rhetorical question, “Which nuclear states suffered? None except Ukraine… Who gave up their nuclear weapons? All of them? No. Only Ukraine… Who is fighting today? Ukraine.”

    Following the address, Zelensky appeared alongside NATO Secretary-General Mark Rutte and sought to downplay the nuclear remarks, saying, “We never spoke about … that we are preparing to create nuclear weapons or something like this.”

    Russian media also picked up on this moment:

    Zelensky himself walked back his earlier comments at a later joint news conference in Brussels with NATO Secretary General Mark Rutte, saying: “I said I have no alternative except NATO. That was my signal. But we are not building nuclear weapons.”

    Meanwhile former Russian president and current deputy chairman of the Security Council Dmitry Medvedev has claimed that Ukraine is working on a dirty bomb. He said the Zelensky government “has everything necessary for that: resources, technology and specialists.”

    However, he dismissed the Ukrainian leader’s nuke rhetoric as nonsense, and instead focused his criticisms on the likelier potential to develop a dirty bomb.

    https://platform.twitter.com/widgets.js

    If Kiev pushes this nuclear development line further, it’s likely to find that the US and West will distance themselves from more long-term support, amid accusations that arms and ammo supplies have been dwindling to just a trickle.

    Among Zelensky’s main messages to the EU on Thursday was that a “dangerous winter” lies ahead, and therefore more immediate financial and weapons aid is urgent. “We did our homework,” Zelensky said of efforts to prepare for the winter months, at a moment Russia is gaining ground in the east.

    Tyler Durden
    Fri, 10/18/2024 – 18:55

  • Pro-Crypto Orgs Dominate Megadonors To US Presidential Election
    Pro-Crypto Orgs Dominate Megadonors To US Presidential Election

    As the 2024 election approaches, organizations are pouring millions of dollars in to support their party of choice, or in some cases, bipartisan groups that bolster their industry.

    Using data from the Federal Election Commission for the period January 1, 2023 to August 20, 2024, The Washington Post compiled the 50 top organization donors and where they spent their money. This chart, via Visual Capitalist’s Julie Peasley, maps the top 10.

    Megadonors Supporting Bipartisan Groups

    Crypto companies Coinbase and Ripple gave the majority of their donations to Fairshake, a super political action committee (PAC) that supports campaigns of crypto-friendly congressional candidates. Andreessen Horowitz, a venture capital firm, also supported Fairshake.

    Contributions from these three megadonors totaled $180.1 million.

    Megadonors Supporting Partisan Groups

    The majority of the donations went to partisan groups.

    The largest contributors to Republican organizations include the Empower Parents PAC and Koch Industries. The notable donations made by these firms went to Never Back Down Inc. ($82.5 million from Empower Parents PAC), Americans for Prosperity Action, Congressional Leadership Fund, and Senate Leadership Fund.

    Conversely, the remaining five of the top 10 megadonors supported Democratic groups. The most significant recipients were Democracy PAC, which received $60.0 million from Fund for Policy Reform, and Future Forward PAC, which received $55.9 million from Future Forward USA Action.

    If you found this interesting, check out this visualization that looks at the U.S.’s most trusted sources for government information.

    Tyler Durden
    Fri, 10/18/2024 – 18:50

  • Gold: The "Everything Hedge"
    Gold: The “Everything Hedge”

    Authored by James Rickards via DailyReckoning.com,

    Goodbye Digital, Hello Physical

    Is the election over already?

    Sure, Election Day is Tuesday, Nov. 5. But the election is happening in real-time and will mostly be over by the end of this week because of early voting, mail-in ballots, drop boxes and ballot harvesting.

    These votes won’t be counted until Election Day, but they are being cast now, so hopefully somebody will be watching this time.

    It goes state by state, so different states have different laws, obviously. But in many states, the voting has already begun. In many cases, it was Oct. 11. Other states opened up on Oct. 15.

    But the point is a lot of the voting has already happened, and a lot more is going to happen during this week.

    So the election will be over before Election Day. We won’t know the results until Nov. 5, but the election’s very largely over in the middle of October. (That’s why the “October surprise” of past election cycles is obsolete.)

    Polls Pointing to Trump

    This timing is another reason why I believe Donald Trump will win this election. Polling has swung to the Trump camp in the past few weeks. This momentum has come at the right time as early voting began in critical battleground states.

    But once voters have cast their votes and a winner is declared next month, the election will not be over. Why? Because the Democrats have another lawfare trick up their sleeves in anticipation of a Trump victory.

    But let’s assume for the moment that Trump wins the election and actually takes office in January. What market sectors should do well under a second Trump administration?

    Here are some of the sectors that will benefit with a Trump victory in November:

    • Oil and natural gas drilling, production and refining
    • Mining (gold, silver, copper, lithium)
    • Defense (especially in contractors with good research and development programs. We need new technology, not just more of the same weapons)
    • Automobile manufacturing focused more on internal-combustion engines rather than electric vehicles.

    The Return of the Physical

    I would also look at sectors that benefit from lower oil and gas prices including trucking and airlines.

    Trump’s agenda will incentivize billions of dollars of investments in U.S. energy and manufacturing jobs. He’ll make domestic oil drilling and refining a top priority which will provide America with energy independence. This will also benefit companies (and provide more jobs) in the energy sector.

    He’ll also eliminate the Green New Scam by reducing spending on wasteful projects like Kamala Harris’ EV mandates. This will allow automakers to shine once more by producing more automobiles with traditional internal-combustion engines.

    In short, a second Trump term could ignite a boom in the physical world. This stands in stark contrast to most of the past 15 years, which have seen the domination of investments in the digital, online world.

    Since most investors’ portfolios are outweighed with popular, mega-cap technology stocks, few are positioned to profit from this trend. You shouldn’t be one of them.

    Refiners, Refiners, Refiners! 

    Here, my senior analyst, Dan Amoss, lays out the investment case for refiners, which should thrive under a second Trump administration:

    One sector you should pay attention to is refiners because U.S. refiners are in a new golden age. Two years ago, you may recall hearing news stories about tight diesel supplies across many areas of the U.S.

    The Biden/Harris administration has constantly promised action to “fight” high prices for gasoline and diesel. However, this administration has only made politically expedient, short term-oriented moves like draining the Strategic Petroleum Reserve.

    The cold, hard reality that green energy advocates need to accept is that the billion-plus fleet of internal-combustion engines around the world will need diesel and gasoline for decades into the future.

    Pandering to a political base of radical environmentalists will only result in the loss of political power, whether it’s in the U.S. or Europe.

    Until we see more political support to maintain U.S. oil, gas and refining production capacity — and years of catch-up investments are made — we’ll keep bumping up against constraints.

    Demand for refined products remains strong despite high prices. Gasoline and diesel prices might seem high, but that’s only because it’s natural to make a mental anchor to super-low prices in 2020 and early 2021.

    Why U.S. Refineries Are in a New Golden Age

    Hydrogen is a crucial ingredient in the oil refining process. It dilutes the carbon in the end product, which allows for increased production of high-quality fuels. Where do refineries get hydrogen?

    They get it from natural gas. Access to lower-cost natural gas is why U.S. refineries will enjoy a huge competitive advantage versus competing refineries in Europe and Asia.

    Natural gas prices in Europe have cooled off over the winter as demand has slowed. In recent years, Europe has enjoyed some of the warmest winters in memory. But it won’t always be unseasonably warm.

    Another surge in natural gas prices will remind investors that it will be difficult to profitably refine crude in Europe. The continent may see more refinery shutdowns in the years ahead.

    If so, it will rely more on imported products from geographies that have been investing in refineries, including the Middle East. Mothballed European refineries act to tighten refined product supply, which boosts profits at U.S. refiners.

    Sanctions on Russian refined products have tightened refined product supplies — especially distillates (heating oil and diesel). Of course, Russia gets around sanctions by exporting to third parties. But the net effect is an increase in miles traveled for the global refined-product tanker fleet.

    That means there are more refined products on the water and fewer products sitting in onshore tanks. Tighter onshore supplies keep prices high.

    Meanwhile, U.S. refining capacity has been in a downtrend since COVID. So even if demand for gasoline and diesel falls in a recession, tighter refining capacity will cushion the downside risk in refining margins.

    We like to recommend cyclical stocks when their sectors have been underinvesting. Refining has been underinvesting for several years, so it’s a good time to own refiners. The mid-2000s was a golden age for U.S. refiners. Profits were high and consistent, and refining stocks left the S&P 500 in the dust. Now we’re looking at another golden age.

    Gold: The “Everything Hedge”

    Returning to the election, Trump is in a good position to win. Still, the uncertainty factor and element of surprise make it too soon to issue a final prediction. And if the Democrats have their way, Trump could be in for a battle to take office even if he wins. So there’s still a lot of uncertainty.

    Markets hate uncertainty. That’s why volatility will be high for the next several weeks in several sectors of the market.

    It’s a perfect scenario for owning gold. I call gold the “everything hedge.” It hedges you against political uncertainty, stock market collapse, geopolitical risk, social unrest and an attack on the U.S. dollar. So gold serves all those purposes.

    That’s why I recommend 10% of your investable assets be allocated to gold. It’s excellent insurance that’ll give you peace of mind in uncertain times.

    Tyler Durden
    Fri, 10/18/2024 – 18:25

  • Oh, 'Bamacare! Visualizing Forty Years Of Health Insurance Cost Inflation
    Oh, ‘Bamacare! Visualizing Forty Years Of Health Insurance Cost Inflation

    The Consumer Expenditure Survey (CEX) now covers forty years worth of data for how Americans households spend money.

    That data includes how much the average “consumer unit” surveyed by the U.S. Census Bureau spends on health insurance, which like many other things in the economy, has seen significant cost inflation over the past four decades.

    The following chart, via Political Calculations blog, shows how that cost has changed from 1984, the first year for the CEX, through 2023, the latest, whose data was just released last month.

    As you’ll see, over the past 40 years, there has been one major factor that has altered the trajectory for how much American households/consumer units pay on average for health insurance coverage.

    Back in 1984, the first year for the CEX, American household consumer units paid an average of $370 for health insurance.

    That figure grew steadily over the following years and by 2000, the average cost of health insurance for a U.S. household has risen to $980.

    From 2000 through 2010, the average cost of health insurance grew faster, reaching $1,826 by 2010.

    Had the 2000 through 2010 growth trend continued, we estimate the average amount American households would pay for health insurance in 2023 would be $2,927.

    But it didn’t, thanks to the passage of the Affordable Care Act, which was signed into law in 2010.

    It was implemented over several years, going into full effect in 2014.

    The claimed goal of the law, as suggested by its name, was to make health insurance more affordable for Americans.

    In 2023, the average cost of health insurance paid by American households has more than doubled what it was in 2010.

    At an average $4,049 per household, this expense is more than 38% higher than the trend that existed in the decade before the Affordable Care Act became law.

    The chart also indicates the cost “curve” for health insurance has bent upward since 2021, which has inflated more quickly over the last few years following 2020’s coronavirus pandemic.

    Political Calculations blog will be featuring other aspects of how American consumer spending has changed over the past four decades using the latest CEX data in the weeks ahead.

    Tyler Durden
    Fri, 10/18/2024 – 18:00

  • Gmail Users Warned About New Account Takeover Scam: Here's What To Look For
    Gmail Users Warned About New Account Takeover Scam: Here’s What To Look For

    Authored by Jack Phillips via The Epoch Times (emphasis ours),

    A security researcher and a technology startup CEO are warning that some Gmail users could fall prey to a sophisticated, AI-based scam that could lead to their accounts being taken over.

    A Google gmail app on a screen in a stock photo. Shutterstock

    Garry Tan, chief executive of prominent tech-oriented venture capital firm Ycombinator, wrote on X late last week that there is a “pretty elaborate” phishing scam that uses an AI-generated voice.

    The scammers “[claim] to be Google Support (caller ID matches, but is not verified),” he wrote in an Oct. 10 post that he termed a “public service announcement.”

    “DO NOT CLICK YES ON THIS DIALOG—You will be phished.

    “They claim to be checking that you are alive and that they should disregard a death certificate filed that claims a family member is recovering your account. It’s a pretty elaborate ploy to get you to allow password recovery.”

    IT consultant Sam Mitrovic, in a blog post last month, wrote of a similar scam attempt targeting Gmail accounts and also using an AI-generated voice.

    The scams are getting increasingly sophisticated, more convincing and are deployed at ever larger scale,” Mitrovic wrote in the post. “People are busy and this scam sounded and looked legitimate enough that I would give them an A for their effort. Many people are likely to fall for it.”

    According to the post, Mitrovic said he received a notification to approve an attempt to recover a Gmail account, which he ultimately rejected. He then received a phone call about 40 minutes later with a caller ID as “Google Sydney” and rejected it as well.

    “Exactly a week later,” he said, “more or less exactly the same time, I received another notification to approve my Gmail account recovery again from the United States.

    “You guessed it—about 40 minutes later I receive a call which I pick up this time. It’s an American voice, very polite and professional. The number is Australian. He introduces himself and says that there is suspicious activity on my account.”

    The person on the other line then asked if Mitrovic was traveling, to which he replied he was not, according to his account. The person then asked if Mitrovic was in Germany, to which he also said no.

    Mitrovic said he found the caller’s number was an official one that was listed under Google Australia’s IT support page, adding that he asked for a confirmation email, and the sender address also appeared to be an official account used by Google’s team.

    “In the background, I can hear someone typing on the keyboard and throughout the call there is some background noise reminiscent of a call centre. He tells me that he has sent the email. After a few moments, the email arrives and at a first glance the email looks legit—the sender is from a Google domain,” he wrote.

    But the researcher noted that “spoofing an email address is easy and I notice that the To field contains an email address cleverly named GoogleMail at InternalCaseTracking dot com (non-Google domain).”

    “The caller said, Hello, I ignored it then about 10 seconds later, then said Hello again,” he said, adding that at that moment, he realized the voice was AI-generated, “as the pronunciation and spacing were too perfect.”

    Mitrovic wrote that he hung up and called the number back. He then received a message that said, “This is Google Maps, we are currently unable to take your call.”

    The researcher said he wasn’t the only one who appeared to have been almost scammed, finding others who wrote that they were targeted by a similar scheme.

    https://platform.twitter.com/widgets.js

    “There are many tools to fight the scammers, however, at an individual level the best tool is still vigilance, doing the basic checks as above or seeking assistance from someone you trust,” Mitrovic wrote.

    According to the blog post, the researcher said there were several hints to suggest it may have been an attempt to take over his Google or Gmail account.

    Mitrovic noted that telltale signs of a scam include that one, he received account recovery messages that he did not initiate; two, it was a phone call, as Google does not call users unless they have a Google Business Profile; and three, the email he received had an address “not connected to a Google domain.” Additionally, the email header showed “how the email was spoofed,” and a “reverse number search showed others who received the same scam call,” he said.

    “Despite many red flags upon closer inspection, this call seemed legitimate enough to trick many people,” he wrote. “My guess is that their conversion rate from calls answered would be relatively high.”

    The Epoch Times contacted Google for comment about Mitrovic’s and Tan’s warnings but received no response by press time.

    Tyler Durden
    Fri, 10/18/2024 – 17:40

  • New Claims That 10,000 North Korean Troops Are Being Sent To Fight Ukraine
    New Claims That 10,000 North Korean Troops Are Being Sent To Fight Ukraine

    At this point it has become clear that Zelensky is trying to scare and blackmail the West into ramping up support to Ukraine, which includes a push allow NATO membership, and with loose talk of seeking to acquire nuclear weapons to boot.

    Part of the fearmongering has also featured Zelensky’s insistence that a global coalition of enemies is now fighting Kiev. “The coalition of criminals along with Putin already includes North Korea,” Zelensky told his parliament in a speech this week. “Everyone sees the Iranian regime’s assistance to Putin, and also China’s cooperation with Russia.”

    The next day, Thursday, Zelensky was in Brussels where he informed EU officials that North Korea is amassing a large amount of troops in Russia, readying them to fight in Ukraine.

    “We know that there are 10,000 soldiers of North Korea, that they are preparing to send, fight against us,” he said in a briefing. This includes “land forces, other tactical personnel” and framed it as “the first step to a world war.”

    “Because of the gap in mobilization, because of lots of Russian losses, and [Russian President Vladimir] Putin is afraid of mobilisation very much . . . that is why he is trying to involve other participants in this war,” he added.

    But as Financial Times has pointed out, Western intelligence finds these claims dubious:

    Military analysts and Nato officials have cast doubt on the accuracy of reports that North Korean troops are involved in combat in eastern Ukraine. Nato secretary-general Mark Rutte said on Wednesday that the defence alliance had no “definitive” information on this matter.

    The White House said on Tuesday it could not independently confirm the reports of North Korean troops fighting on behalf of Russia but “those reports are concerning to us”, according to National Security Council spokesperson John Kirby.

    On Friday, South Korean intelligence (the NIS) sought to vouch for Zelensky’s claims, saying it believes up to 12,000 North Korean troops are mustering in Russia, and that at least 1,500 have already arrived.

    South Korean President Yoon Suk Yeol has highlighted the report Friday, issuing a call for international community must respond with “all available means”.

    If indeed there were a surge of North Korean troops of this size into Eastern Europe, there would likely be photographic evidence, or at least leaked images of some kind. Pro-Kiev accounts have offered the following unverified images, sources and date unclear

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    If true this would mark a major escalation of N.Korea’s involvement. “More North Korean troops could be deployed in the war,” Seoul had previously warned this much. But the West wouldn’t be able to do much, having already put fairly maximum sanctions on both Russia and North Korea. It could be another dangerous sign that the Ukraine war is getting more and more internationalized.

    Tyler Durden
    Fri, 10/18/2024 – 17:20

  • Did CDC Officials Mislead The Public About COVID Vaccine Efficacy? Rep. Massie Says "Yes"
    Did CDC Officials Mislead The Public About COVID Vaccine Efficacy? Rep. Massie Says “Yes”

    Via American Greatness,

    When Congressman Thomas Massie (R-KY) contacted officials from the Centers for Disease Control and Prevention (CDC) in December of 2020, he wanted to know if taking the newly released Covid vaccine would benefit him, since he’d already contracted the illness.

    After reading the scientific studies himself, and seeing no benefit, Massie contacted the CDC to learn why they were putting out incorrect information which claimed that their studies showed that the Covid vaccine does provide a benefit to those who have previously had Covid.

    Massie says those secretly recorded conversations with CDC officials in December of 2020 show that they were lying about their Pfizer Covid vaccine trial data.

    https://platform.twitter.com/widgets.js

    In those phone calls, Massie says CDC officials were caught deliberately downplaying the effectiveness of natural immunity while pushing for Covid-19 vaccinations for everyone, regardless of prior infection.

    According to Attkisson, in the recordings, CDC officials thanked Massie for finding the mistake in their studies and admitted that the claims of vaccine efficacy for the previously infected wasn’t true, yet they pushed back on correcting the falsehood, saying it would confuse the public.

    Attkisson says, the very next day, those same officials who had admitted their mistake regarding the vaccine’s effectiveness to Massie nevertheless conducted a webinar for doctors that repeated the same misinformation.

    In the recording, Massie expresses concern that continuing to encourage previously infected people with natural immunity to get the vaccine, which was in short supply, could prevent others who were at greater risk from Covid from having access to the vaccine.

    In a call with CDC’s Washington D.C. Director Anstis Brand, Massie says, “If there’s a “they” who is refusing to fix something that is factually and provably wrong, I want to know who “they” is. Because this is going to result and is already resulting in misallocation of the vaccine.”

    Brand tells him that she’ll have to look into it and get back to him.

    In another call with the CDC’s Dr. Sara Oliver, Massie points out the error in which the study erroneously claims that the vaccine is efficacious for those with prior infection and he asks to get it corrected.

    Dr. Oliver says admits that Massie is correct but says that the CDC still is recommending that previously infected individuals get the vaccine, saying “We wouldn’t want to put out that if you’ve had Covid before, you shouldn’t get the vaccine.”

    Massie’s recorded calls with CDC officials clearly show the agency was pushing vaccination even for those who likely didn’t need it due to natural immunity.

    These revelations appear to vindicate those who expressed worries that U.S health officials were being driven by an agenda to promote vaccines rather than by honest science.

    Tyler Durden
    Fri, 10/18/2024 – 17:00

  • US Banks Suffer Biggest Weekly Deposit Outflow Since SVB Crisis
    US Banks Suffer Biggest Weekly Deposit Outflow Since SVB Crisis

    After the massive deposit inflows the prior week, US banks saw total deposits plunge in the week-ending 10/09 (latest data released today), down a stunning $69BN (on a seasonally-adjusted basis), erasing the prior two weeks deposit inflows…

    Source: Bloomberg

    On a non-seasonally-adjusted basis, banks also deposit outflows ($59.5BN)…

    Source: Bloomberg

    Additionally, for the first time in four weeks, money market funds saw (admittedly small) outflows this week (-$6.5BN), taking them just off record highs…

    Source: Bloomberg

    That is only the second weekly outflow from MM funds in the last three months… and the outflow was all institutional (with retail funds continuing to see inflows)…

    Source: Bloomberg

    Excluding foreign deposits, the US domestic bank deposit outflows were considerably worse, down $85BN (NSA) and $88BN (SA)…

    Source: Bloomberg

    That is the biggest weekly SA domestic deposit outflow since the SVB crisis in March 2023…

    Source: Bloomberg

    As a reminder, its tax-filing extension deadline time, which we’re sure explains some of this. However, this is the largest mid-October deposit outflow since at least the GFC.

    Outflows from Large Banks (-$81BN SA and -$85BN NSA) dominated small inflow for Small Banks (+$3.4BN SA and +$0.03BN NSA).

    The Fed’s bank bailout facility continued to shrink last week (down $2BN), really getting back to immediate SVB crisis loan levels (having erased all the arbitrage-driven surge in the blue box)…

    Source: Bloomberg

    As might be expected with the large deposit drawdown, loan volumes shrank dramatically at Large Banks (and rose modestly at Small Banks)

    Source: Bloomberg

    Finally, the gap between bank reserves at The Fed and US equity mareket cap continues to widen…

    …will that relationship ever recouple?

    So, all eyes next week on deposit flows to see if they normalize after tax-day.

    Tyler Durden
    Fri, 10/18/2024 – 16:40

  • The Three Layers Of Culpability
    The Three Layers Of Culpability

    Authored by James Howard Kunstler,

    “The migrant crisis has been the first issue to truly evocatively make obvious that something extremely dark and sinister is happening to the country.”

    – Simplicius on Substack

    The Great Fright among the elite of the party ruling our country steals across the land chillingly now from sea to shining sea – as if all those ghouls, werewolves, zombies, and tormented wraiths assembled in the front yard Halloween displays send up one mighty wail of despair: Donald Trump will seek revenge against his enemies if you elect him! they scream into the pale moonlight.

    Well, he ought to, of course, and remember: they are your enemies, too – the FBI thugs battering down your doors at five in the morning, the malicious US attorneys manufacturing phony felonies, the Soros-owned DAs and party-owned judges, and the thousands of spooks from agencies both known and unheard-of surveilling your every move, every purchase, every journey, every thought. Consider that it is not whether Mr. Trump might seek revenge but whether justice, and the mental health of the nation, require an accounting for the real crimes of actual persons against the people of America lo these years of the Woke Jacobin Inquisition.

    Finally, as the days dwindle down to November 5, you understand exactly what motivates the three layers of evil heaping America with malice and punishment.

    • Layer one: the officers of the political establishment, a.k.a., “the blob” or Deep State, both current and emeritus. You know now that they are motived to stay out of courts-of-law (and, ultimately, prison). Figures such as John Brennan, Merrick Garland, Lisa Monaco, Chris Wray, Anthony Fauci, Alejandro Mayorkas, Barack Obama, and many more, exude culpability for doing real harm to US citizens. They do not want to do time. As Dr. Johnson famously said: “When a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.” They see Donald Trump’s poll number go hockey stick and they tremble in their Beltway mansions. On the Kubler-Ross transect of grief, they are just now wavering between the stages of anger and bargaining.

    • Second layer: the lawfare lawyer gang deployed to keep the blob safe from investigation and prosecution: Marc Elias, (the mail-in ballot fraud genius), Norm Eisen, Andrew Weissmann, Mary McCord (authors of every get-Trump legal brief), and many others who work with them, are motivated by the gigantic fees they command from the Democratic National Committee and other cut-out orgs that funnel payments to them. The Elias Law Group alone is rumored to have raked-in millions from one client, the Kamala Harris campaign. This is apart from whatever lawyerly zeal they exercise so enjoyably in their blood-lust for Mr. Trump and his associates. Remember: Jacobins are sadists who derive pleasure from cruelly punishing their adversaries. It probably motivates them more than the money involved, since ambitious Beltway lawyers can always and easily make bundles of money from the most mundane services to the blob.

    • Third Layer: the news media. The motives of these birds are the flimsiest: social status and professional stature. They operate within a self-referential reward bubble that provides psychological nourishment as long as they go along with the mumurations of their flock. They will be easiest to turn around as the national mood turns (and is now turning, sharply). A year from now, don’t be surprised if they treat Mr. Trump as a revered hero who saved the country from the malignant blob — and pretend that they never thought otherwise. By then, it will be too late for some, of course, and actual figures such as Lawrence O’Donnell and Rachel Maddow of MSNBC, Maggie Haberman of The New York Times, NBC’s Nicolle Wallace, will be drowning in their own slime trails.

    Now, whether Mr. Trump would actively seek revenge is a thing apart from the paranoia of his adversaries.

    On the one hand, he seems aware that his own place in history will rest not on looking backward to the harms inflicted on him as the sacrificial goat for the sins of “the deplorables” – the many Lawfare cases against him will likely be reversed in higher courts, or just dropped – but on attending to and fixing the many obvious, reality-based problems afflicting the nation: inflation, the horrendous debt, the libido for war induced by military contractors and neocons, the return of productive industry and jobs that pay living wages, sealing the border and expelling dangerous aliens, and stopping the race-and-gender hustles, to name a few things.

    In 2016, Mr. Trump floated the idea of defaulting on US debt, or negotiating its terms. Sounded outrageous to some at the time. Now, with the BRICs org meeting to de-dollarize their trade arrangements, might be a ripe time to make such a move. He can reverse “Joe Biden’s” 2021 reversal of his border policies by executive order on day one, put a stop to the “sanctuary city” idiocy, and end all cash incentives to illegals currently inside the USA. He can negotiate a reasonable end to the Ukraine conflict that leaves that country neutral, as everyone knows it should be. He can incentivize the return of factory production with US companies. He knows (and you know) that there is a huge agenda of practical problems to face. Mr. Trump does not need the aggravation of stirring up further grievance and resentment among the defeated Wokesters. He needs them to get aboard a national reclamation project, get their minds right, and lend a hand.

    Speaking of hands, on the other hand, remember that the signal weakness of Julius Caesar was pardoning his enemies. Since Mr. Trump is best known as a deal-maker, I believe he will seek to make a deal with the blob. The deal will be for them to cooperate in the prosecution of certain key figures in exchange for not demolishing their agencies altogether. Some of these people — Garland, Mayorkas, Fauci, Brennan, and Wray, for examples — really do need to do some ‘splainin’ in front of juries. That may be sufficient to clarify for history some of the damage the Woke insanity did to our country. We can’t pretend that nothing happened. Most of all, Mr. Trump has to defeat the sick belief that anything goes and nothing matters.

    Tyler Durden
    Fri, 10/18/2024 – 16:20

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Today’s News 18th October 2024

  • The US Fears An Uncontrollable Escalation Sequence With Russia Much More Than With Iran
    The US Fears An Uncontrollable Escalation Sequence With Russia Much More Than With Iran

    Authored by Andrew Korybko via Substack,

    Politico cited a senior Senate aid and two sources in the Biden Administration to report on Wednesday that the US is much more afraid of an uncontrollable escalation sequence with Russia than with Iran due to the first’s nuclear capabilities.

    As proof of this, the US has no qualms about shooting down Iranian missiles launched against Israel but won’t consider shooting down Russian ones launched against Ukraine, which has upset Zelensky and some of his compatriots who thus feel like second-class allies.

    The difference between Russia/Ukraine and Iran/Israel in this regard accounts for the US’ different approach towards each pair.

    As was explained last month in this analysis about why “Putin Explicitly Confirmed What Was Already Self-Evident About Russia’s Nuclear Doctrine”, the comparatively more pragmatic policymakers who still have the final say in Russia and the US have thus far managed to avoid the uncontrollable escalation sequence that their respective hawkish rivals want.

    Here’s how they did it:

    “[The US hawks’] comparatively more pragmatic rivals who still call the shots always signal their escalatory intentions far in advance so that Russia could prepare itself and thus be less likely to ‘overreact’ in some way that risks World War III. Likewise, Russia continues restraining itself from replicating the US’ ‘shock-and-awe’ campaign in order to reduce the likelihood of the West ‘overreacting’ by directly intervening in the conflict to salvage their geopolitical project and thus risking World War III.

    It can only be speculated whether this interplay is due to each’s permanent military, intelligence, and diplomatic bureaucracies (‘deep state’) behaving responsibly on their own considering the enormity of what’s at stake or if it’s the result of a ‘gentlemen’s agreement’. Whatever the truth may be, the aforesaid model accounts for the unexpected moves or lack thereof from each, which are the US correspondingly telegraphing its escalatory intentions and Russia never seriously escalating in kind.”

    There’s no equivalent balance of nuclear power between the US and Iran, with the most that Iran can do is launch saturation strikes against American bases in the region, not existentially threaten it like Russia can.

    If Iran’s potential retaliation to Israel’s expected strike harms or kills some of the nearly 100-member team operating the US’ THAAD in the self-professed Jewish State, then the US could either take the hit, retaliate against Iranian-aligned Resistance groups in the region, or strike the Islamic Republic.

    Regardless of whatever might happen, non-nuclear Iran is incapable of existentially threatening the US like nuclear-armed Russia could if the latter retaliated to the interception of its missiles by hitting targets inside of NATO, which could easily catalyze a possibly apocalyptic escalation sequence.

    To be sure, there are indeed some US hawks who want to risk that scenario and the abovementioned comparatively less consequential one in West Asia, but their more pragmatic rivals are still able to stop them for now.

    Tyler Durden
    Thu, 10/17/2024 – 23:25

  • China Macro Data Dump "Unexpectedly" Beats Across The Board
    China Macro Data Dump “Unexpectedly” Beats Across The Board

    On the day the Biden admin decided to flagrantly misrepresent the last retail sales report before the election, and used the biggest ever September seasonal adjustment on record to make an unadjusted retail sales decline into a blazing hot print, once again misleading the Fed that the economy is doing much better than it is, something Powell lamented after the BLS recently “revised out” some 818K jobs …

    China decided to out BS the BLS, and moments ago reported economic “data” that was fake, goalseeked and, well, BS from top to bottom.

    In its Friday morning data dump when Beijing reported all the key economic metrics for the month, as one would expect from the only country eager to outmanipulate the US when it comes to rigging econ data, every single data point beat estimates but only ever so slightly, you know… to make it realistic:

    • Q3 GDP 4.6%, beating estimates of 4.5% (but down from 4.7$ in Q2).
    • Retail Sales Sept 3.2%, beating estimates of 2.5%, and up from 2.1%
    • Industrial Output 5.4%, beating estimates of 4.5%, and up from 4.5%
    • Fixed Investment Jan-Sept 3.4%, beating estimates of 3.3%, and unch sequentially
    • Urban jobless rate dropped to 5.1% from 5.3% in August

    Why this miraculous “beat” across the board? Simple: to instill confidence that the fake bazooka which Beijing pretended to fire in late September, yet which appears to be just another major dud where Xi Jinping hopes to sent stocks and home prices surging without actually massively expanding credit into the economy, is already succeeding. The better-than-expected retail sales figures in September also received a boost from government subsidies for buying home appliances, which saw a 21% surge in sales from a year ago, picking up from a 3% gain in the previous month.

    Alas, as we discussed earlier, it is doing anything but and investors are already fleeing from Chinese markets just days after mainland stocks soared as much as 30% on what in retrospect appears to have been hollow promises, lies and David Tepper dumping his bags while using gullible CNBC viewers as exit liquidity telling them to buy China no questions asked.

    Yet not even the fake data could cover up that China’s economy continues to sink: yes, the numbers may have beat, but the Q3 GDP – the slowest since Q1 2023 – remains well below the government’s target for full-year growth of 5% and less than the 4.7% recorded in the previous quarter as sluggish consumption and a property slump weighed on household sentiment.

    “It makes the official growth target of 5% difficult to achieve if this trend continues to year end,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. “This may be why the government decided in the Politburo meeting to change policy stance and boost growth.”

    The National Bureau of Statistics said there’s reason for caution despite improvements in the main indicators as the stimulus measures are rolled out. “We also need to see that the external environment is increasingly complex and grim, and the economy’s foundation for rebound and improvement needs to be further solidified,” a spokesperson said in a statement accompanying the release, pretending it is somehow everyone else’s fault Beijing has completely lost its ability to reflate the economy.

    Data released before Friday painted a mixed picture for growth in September. Exports slowed sharply, curbing a trade rebound that has been a bright spot for the economy. Deflationary pressures continued to build, with consumer prices still weak and factory gate prices falling for 24 straight months.

    The softer growth will underscore the need for more support for the economy from Beijing, which in late September announced its biggest monetary stimulus since the pandemic and followed up with promises of heavy fiscal spending, yet which have yet to materialize.

    As noted earlier, China’s markets reacted exuberantly to the news of monetary stimulus but – once Jim Cramer said to rush into Chinese stocks – have slumped as desperate investors await confirmation of the coming fiscal stimulus. The CSI 300 index of Shanghai- and Shenzhen-listed stocks and Hong Kong’s Hang Seng benchmark are down in October, although they remain up for the year to date.

    Efforts by the country’s economic planner, finance ministry and housing ministry to boost confidence have been consistent duds, falling far short of investor expectations. The Hang Seng Mainland Properties index fell 6.7% on Thursday after the housing ministry’s support for the real estate sector disappointed markets. Authorities have yet to quantify the extra fiscal spending, but analysts have said this might be announced at a standing committee meeting of the National People’s Congress, China’s rubber-stamp parliament, in the coming weeks.

    And amusingly, just as Chinese and Hong Kong stocks slumped after the strong Chinese data (because they were not misses, taking away from the urgency to stimulate more), with the CSI 300 already into negative territory, the central bank stepped in yet again with what has now become a daily market-boosting gimmick, which today came in the form of a slew of headlines to show that more easing and support for markets lie ahead.

    • *PBOC SAYS FIRST BATCH OF SFISF QUOTAS EXCEEDED 200 BILLION YUAN
    • *PAN REITERATES PBOC MAY FURTHER LOWER RRR YEAR-END: CAILIAN

    As a result, the CSI 300 is now up nearly 1%, although not even the algos buying Chinese stocks will be fooled for long and having seen this same old song and dance day after day, the selling will resume momentarily as traders indicate they no longer want words but demand actions.

    Tyler Durden
    Thu, 10/17/2024 – 23:06

  • The Kids Aren't Alright: Local Washington Police Report 350% Increase In Juvenile Fights
    The Kids Aren’t Alright: Local Washington Police Report 350% Increase In Juvenile Fights

    New data coming out of the Issaquah Police Department in Washington have revealed a 350% increase in fights among juveniles since the start of August this year, compared to last year. 

    The data, highlighted by KOMO News, was driven by “juveniles in middle school”, according to the report. 

    Between August 1 and October 15, Issaquah police received 18 reports of juvenile fights, up from 4 during the same period in 2023.

    Officers noted these incidents occurred in public settings and reported a pattern of increased fights at the start of the school year, with most reports coming from adult witnesses, parents, or students.

    Police reported that 72% of juvenile fights occurred between 3 p.m. and 5 p.m., often near school properties or within a few blocks of Issaquah schools. 

    The KOMO News report obtained an Oct. 3 memo from Issaquah Middle School Principal Mark Jergens-Zmuda, addressing the rise in student fights, some recorded by bystanders.

    “School safety is paramount, and some measures have been put in place. Ensuring a safe and supportive school environment is our top priority,” the memo said. 

    To address the issue, the school held assemblies on expectations, safety, and conflict resolution. Jergens-Zmuda also reminded parents of school rules, including requiring students to stay seated for the first 15 minutes of lunch and banning gatherings on a nearby hill after school, where several fights had occurred.

    The school district responded in a statement:

    “Schools across the country have student altercations, and our district does as well… we take every instance of student altercations seriously, and investigate them in accordance with Washington state law as well as Issaquah School District policies and regulations. Student privacy laws do not allow us to share specific information about individual instances of altercations, the students involved, or discipline. As always, we are working with students, staff and families to support our students. We appreciate the partnership of our staff, families and community members.”

    Tyler Durden
    Thu, 10/17/2024 – 23:00

  • Raytheon To Pay Over $950 Million In Settlement Over Fraud, Qatari Bribery, And Export Violations
    Raytheon To Pay Over $950 Million In Settlement Over Fraud, Qatari Bribery, And Export Violations

    Authored by Tom Ozimek via The Epoch Times (emphasis ours),

    Raytheon, a subsidiary of defense contractor RTX, has agreed to pay more than $950 million to resolve federal investigations into government contract fraud, as well as violations of anti-corruption and export control laws.

    The Raytheon stand at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, on June 21, 2019. Pascal Rossignol/Reuters

    The settlement, announced by the Department of Justice (DOJ) on Oct. 16, addresses allegations involving defective pricing on military contracts with the U.S. government, as well as illegal bribes to a Qatari official, with the resolution involving both civil and criminal penalties.

    An RTX spokesperson confirmed the settlement, telling The Epoch Times in an emailed statement that the company acknowledges responsibility for the misconduct and has cooperated with investigators. The company also emphasized its commitment to bolstering its compliance and ethics programs.

    Raytheon has admitted to two major fraud schemes affecting Department of Defense (DoD) contracts, including the provision of PATRIOT missile systems and radar systems.

    In the first case, Raytheon employees provided defective pricing information, leading the DoD to overpay on two contracts by roughly $111 million between 2012 and 2018.

    In a separate scheme, Raytheon failed to provide accurate cost or pricing data for numerous DoD contracts, including a weapons maintenance agreement, leading to further inflated payments.

    Under the terms of a three-year deferred prosecution agreement, Raytheon will pay a criminal monetary penalty of $146.8 million and $111.2 million in victim compensation and retain an independent compliance monitor for three years.

    The company received a 25 percent reduction in penalties for taking remedial actions, such as firing employees responsible for the misconduct and implementing new controls to prevent future fraud.

    Additionally, Raytheon has agreed to pay $428 million to settle False Claims Act allegations related to providing false data during contract negotiations with the DoD. As part of the settlement, Raytheon admitted it misrepresented labor and material costs for weapon systems and double-billed on a radar station contract.

    “The department is committed to holding accountable those contractors that knowingly misrepresent their cost and pricing data or otherwise violate their legal obligations when negotiating or performing contracts with the United States,” Principal Deputy Assistant Attorney General Brian M. Boynton, head of the DOJ’s Civil Division, said in a statement.

    Bribery Scheme in Qatar

    Raytheon also faced charges under the Foreign Corrupt Practices Act (FCPA) and the Arms Export Control Act (AECA) for a bribery scheme in Qatar.

    The company was accused of paying nearly $2 million in bribes to Qatari military officials between 2011 and 2017 to secure lucrative defense contracts through sham subcontracts.

    From the early 2000s to 2020, Raytheon also paid more than $30 million to a Qatari agent, a royal family member with no military contracting experience, despite numerous internal warnings about corruption risks.

    In this case, which involved a parallel investigation by the Securities and Exchange Commission (SEC), Raytheon was accused of failing to adequately document the agent’s services while continuing to rely on this relationship to obtain defense contracts.

    As part of a settlement with the SEC, Raytheon agreed to pay $124 million in penalties, with $22.5 million of that amount offset by a parallel DOJ fine.

    In addition, Raytheon entered into a separate deferred prosecution agreement with the DOJ for the bribery violations, which includes a $230.4 million criminal fine and a $37 million forfeiture. The company will also retain an independent compliance monitor for three years.

    Raytheon willfully failed to disclose bribes made in connection with contracts that required export licenses,“ Matthew Olsen, Assistant Attorney General of the DOJ’s National Security Division, said in a statement. ”Today’s resolution should serve as a stark warning to companies that violate the law when selling sensitive military technology overseas.”

    RTX has expressed its commitment to taking responsibility for the violations and implementing reforms.

    “We have worked diligently during the investigations to remediate that misconduct and continue to do so,” an RTX spokesperson told The Epoch Times in an emailed statement. “We are committed to working closely with the incoming independent monitor to improve and further enhance our ethics and compliance program.”

    The spokesperson also reaffirmed the company’s commitment to maintaining a robust compliance program that adheres to global laws and regulations “while upholding integrity and serving our customers in an ethical matter.”

    Tyler Durden
    Thu, 10/17/2024 – 22:35

  • How Many Years Does It Take To Save For A Condo?
    How Many Years Does It Take To Save For A Condo?

    This graphic, via Visual Capitalist, shows the average number of years that a skilled worker must work in order to afford a 650 square foot condo near the city center across select markets, based on data from the UBS Global Real Estate Bubble Index 2024.

    In Hong Kong, the most unaffordable city worldwide for 14 consecutive years, it takes more than two decades for an average skilled worker to buy a condo.

    Paris stands as the most unaffordable city in Europe, despite real home prices falling more than 20% from post-pandemic highs.

    The median sale price of a condo or co-op in Manhattan stood at nearly $1.2 million in the fourth quarter of 2023, with prices per square foot up 44% in a decade.

    Tyler Durden
    Thu, 10/17/2024 – 22:10

  • The Shifting Media Landscape
    The Shifting Media Landscape

    Authored by Jeffrey Tucker via The Epoch Times,

    Listening to an interview with journalist Megyn Kelly, I was startled to learn that her private media company beats the mainstream legacy networks in traffic and influence. She has six employees. When she was fired by NBC in 2018, she believed it was the end of her career. She went to dark places in her mind. But she bounced back with her own broadcasting company and has never been happier or more influential.

    The same story has been told by Tucker Carlson, whose network is gigantic and whose influence is far beyond even the heights he obtained at Fox in the old days. I have no direct knowledge of how many people work for his personal channel but it is a reasonable guess that it is no more than a dozen.

    Everyone knows about the success and reach of Joe Rogan’s show. Apart from that, there are many thousands more with influence in their own sectors of reach. The share of influence dominated by legacy seems to be falling dramatically. You can detect their influence in this election season in which candidates are working the podcast circuit.

    You might chalk this up to technology: everyone has the capacity now to make content and distribute it. Therefore, of course, people do it.

    The real story, however, is more complicated.

    A new poll from Gallup offers an intriguing look.

    The latest polls show trust in major media is at an all-time low. It’s fallen from a post-Watergate high in 1976 of 72 percent to 31 percent today. That is an enormous slide, impossible to dismiss as mere technological change. Along with that, the poll documents dramatic losses of trust in government and essentially all official institutions.

    The loss of trust has hit all age groups but more profoundly affects people under 40 years of age. These are folks who have grown up with alternatives and developed a sophisticated understanding of information flows and are deeply suspicious of any institution that seeks control over public culture.

    Comments Gallup: “The news media is the least trusted group among 10 U.S. civic and political institutions involved in the democratic process. The legislative branch of the federal government, consisting of the U.S. Senate and House of Representatives, is rated about as poorly as the media, with 34 percent trusting it.”

    In contrast, “majorities of U.S. adults express at least a fair amount of trust in their local government to handle local problems (67 percent), their state government to address state problems (55 percent), and the American people as a whole when it comes to making judgments under our democratic system about the issues facing the country (54 percent).”

    It seems based on this poll that, in people’s hearts and minds, we are defaulting back to the America of Alexis de Tocqueville, a network of self-governing communities of friends and neighbors rather than a centrally managed and controlled monolith. The farther the institutions get from people’s direct experiences, the less they are trusted. That is how it should be, even aside from other considerations.

    In this case, the causal factors are not only the distance and not only the technology that allows for alternatives. Legacy media has been so aggressively partisan for at least nine years that it has alienated vast swaths of the viewing audience. Top executives have known about this problem for a very long time and worked to fix it but they face tremendous pressure from within, from reporters and technicians with Ivy educations and a dedication to woke ideology.

    The New York Times (NYT) after 2016 attempted to repair the damage from having so completely mishandled and miscalled the election. They hired new editors and writers but it was only a matter of time before they were driven out in a reminder to the top brass that there was a cultural revolution afoot, and that the personal is the political and visa-versa.

    The NYT defaulted back to extreme partisanship, leaving owners and managers to figure out other paths to sustaining profitability.

    As a result, it appears that an entire industry is in the process of a long meltdown with no available fixes. Huge audiences have turned away from them toward alternatives that are not necessarily partisan on the other side but simply display a dedication to telling facts and truths about which actual readers care.

    A question has long mystified me: Is this loss of trust entirely due to a change in media bias or is it that new technological options have fully revealed what might always have been there but was not widely known? I don’t have the answer to that but it is worth some reflection.

    When I was a kid, there were exactly three channels on television and one local newspaper. There was never a chance to see the New York Times except perhaps at the public library. The nightly news came on at 5 p.m. or 6 p.m. It lasted 30 minutes. It opened with international news, moved to national news, turned to sports, and then the local affiliate took over with local news and weather.

    There was perhaps 10 minutes per day of national news on three separate channels, each reporting more-or-less the same thing. That was it. People in those days chose their station based on whether they liked the voice and personality of the broadcaster. News media was highly trusted. But was that trust based on reliable and excellent reporting or simply a reflection of all that people did not know?

    In those days, my own father was deeply distrustful of what he saw on television. Somehow he intuited that Richard Nixon was being railroaded by the Watergate scandal. He theorized that someone was out to get him not for bad things he had done, but for the good he had done and had planned to do. He preached this opinion constantly and it set him apart from all conventional wisdom. Indeed, as a young man I knew for sure that my father was the outlier: none of my friend’s parents agreed and none of my teachers did either.

    Since then, much has come out that seems to reinforce my father’s views.

    If Watergate happened in today’s world, there would be a huge explosion of opinions in all directions, with motives of all actors pushed out on every channel and there would be widespread competition to find the real story. We certainly would not be relying on two relatively inexperienced reporters at the Washington Post.

    I happen to believe that this is a good thing, even though it has come with a loss of trust. Maybe the old trust was not nearly as merited as people thought, simply because there were so few options. As the years went on, there were even more sources, starting with PBS but moving to CNN and C-SPAN. After the web came online and social media took off, that’s when the veil was really pulled back and media wholly transformed.

    People on all sides of the political spectrum today express profound regret for this change. Former presidential candidate John Kerry has said that today’s media environment makes governing impossible, and Hillary Clinton has floated the idea of criminal penalties for misinformation, a word tossed around so frequently these days but rarely defined as anything other than speech that some people do not like.

    All told, the rise of alternative media has surely contributed to the decline in public trust in the mainstream media. This might not reflect a fundamental change in the bias of media sources but simply the reality that we are only now fully aware of what has always been true. In that case, we are better off seeing these trends as good news all around, provided we have an attachment to seeing reality as it is. In any case, we all should.

    Returning to the Kelly/Carlson business model: they are doing far more with fewer staff people than was ever thought possible. It’s a solid prediction that many legacy media companies will be downsizing in terms of personnel in the future. They can do more with less.

    And they can do it with more fairness and less bias. Economic realities will likely make it so.

    The entire landscape of information and media economies is dramatically shifting. That is precisely why we are hearing ever more calls for censorship. Many elites long for the old days of canned and constructed narratives with no other options. But the well-documented loss of trust makes that little more than a pipe dream. It cannot and will not happen.

    The only viable path to earning audience loyalty in our times is to write and speak with fact-based integrity. Trust has to be earned.

    Tyler Durden
    Thu, 10/17/2024 – 21:45

  • "She's Not As Strong As Me": Lip Reader Deciphers Biden-Obama Grumpy Old Men Chat
    “She’s Not As Strong As Me”: Lip Reader Deciphers Biden-Obama Grumpy Old Men Chat

    On Wednesday afternoon, cameras caught President Joe Biden and former President Barack Obama having a ‘vigorous’ discussion while attending Ethel Kennedy’s funeral. Kennedy died last Thursday at the age of 96 after having a stroke the previous week.

    Because their voices weren’t picked up by the camera, the internet got creative and made a few suggestions:

    https://platform.twitter.com/widgets.js

    On Thursday, the NY Post reported that they hired a professional lip reader to decipher what was said. Hilariously, the parodies weren’t too far off!

    President Biden griped to former President Barack Obama that “she” is “not as strong as me” — with Obama agreeing “that’s true” — in a stunning off-mic conversation deciphered for The Post by a professional lip reader.

    The apparent candid assessment of Vice President Kamala Harris’ standing going into the Nov. 5 election occurred Wednesday afternoon as America’s two most recent Democratic presidents conversed at Ethel Kennedy’s memorial service in Washington.

    “She’s not as strong as me,” said Biden, 81, according to the translation, which was produced by analyzing the on-video lip movements during the discussion.

    “I know … that’s true,” the popular former president agreed, adding, “We have time.”

    “Yeah, we’ll get it in time,” said Biden, who was forced by fellow Democrats to relinquish the party’s nomination in favor of Harris on July 21 in a mutiny that Obama was believed to support.

    The Post hired London-based forensic lip reader Jeremy Freeman, who was born deaf and has served as a University College London-certified expert witness for litigants, police, and journalists for 16 years, according to the report.

    That said, Freema also says he detected “no tension” between Obama and Biden.

    Biden spokesman Andrew Bates laughed in the Post‘s face, saying “A ‘lip reading expert’? Did your usual right-wing soothsayer have their out-of-office up? Only President Biden and President Obama know what they discussed, but this certainly wasn’t it.”

    An Obama source told the outlet: “Only President Obama and President Biden know what they discussed yesterday. Any assertion otherwise is ridiculous.”

    Tyler Durden
    Thu, 10/17/2024 – 21:20

  • North Carolina County Democratic Chair Resigns After Removing Trump Campaign Signs
    North Carolina County Democratic Chair Resigns After Removing Trump Campaign Signs

    Authored by Stephen Katte via The Epoch Times (emphasis ours),

    The chair of the Moore County Democratic Party in North Carolina has resigned after being arrested for removing 2024 campaign signs supporting Republican presidential nominee and former President Donald Trump.

    Yard signs showing support for former President Donald Trump in Cedar Rapids, Iowa, on Aug. 6, 2023. Scott Olson/Getty Images

    In an Oct. 11 statement, the Moore County Sheriff’s Office said that a deputy working in the West End area observed Lowell Evan Simon removing campaign signs from the roadside along Seven Lakes Drive in the West End area.

    “The deputy, who was responding to an unrelated call at the time, later followed up at Simon’s residence, where the signs were found in his vehicle,” the sheriff’s office said. “Simon admitted to removing the signs, which were then recovered and returned to their original owner.”

    A warrant for Simon’s arrest was issued for two counts of misdemeanor larceny of political signs. He was later released under a written promise to appear in Moore County District Court on Oct. 30.

    Removal or theft of campaign signs violates North Carolina law protecting the lawful placement of political signs during an election cycle. Violating this law is a Class 3 misdemeanor, punishable by up to 30 days in jail, $500 in fines, and up to a year of probation.

    In an Oct. 15 statement, the Moore County Democratic Party said Simon, 68, “offered an apology for his actions, as well as his resignation,” both of which were accepted.

    “While we appreciate the hard work and dedication he has shown to the Democratic Party and the community, the Moore County Democratic Party cannot and will not condone the tampering of political signs or any other illegal activity,” the party said in a statement. “We believe in the importance of freedom of expression and speech, and hope that local law enforcement will continue to enforce such laws that protect those freedoms fairly and without bias across party lines.”

    Simon, also a candidate for the state House of Representatives, told local radio station WRL that he removed the signs because they were placed in front of his own, obscuring them to passersby. He said the ongoing issue caused him to act out in a moment of weakness.

    “My worse angels got the better of me and I removed the signs,” he said. “I shouldn’t have done that. I didn’t do it in the stealth of night or anything. I did it when it was 5 o’clock in the afternoon.”

    Tyler Durden
    Thu, 10/17/2024 – 20:55

  • US CBP Agents Halt Some DJI Drone Imports Over 'Forced Labor' Concerns 
    US CBP Agents Halt Some DJI Drone Imports Over ‘Forced Labor’ Concerns 

    Chinese drone manufacturer SZ DJI TECHNOLOGY CO LTD., commonly known by many pilots as “DJI,” is the world’s largest drone maker. It produces billions of dollars worth of drones each year, which end up in the hands of US consumers, government agencies, and/or on the modern battlefield in Eastern Europe. 

    DJI is a privately held company. It has received funding from state-owned enterprises in China and is classified as a “Chinese military company” by the US Department of Defense, according to the think tank Uyghur Human Rights Project, adding it supplies more than half of all drones in the US and is the most recognizable drone brand among consumers. 

    However, a new report from Reuters says the popular drone brand has faced difficulties importing various drone models into the US after the US Customs and Border Protection used the Uyghur Forced Labor Prevention Act (UFLPA). 

    DJI notified US importers via a letter that the CBP stopped some drone imports from entering the US because CBP agents were verifying documentation that the drones were in good standing with UFLPA. In other words, border agents were making sure the drones were not produced by forced labor in the Xinjiang Uyghur Autonomous Region of China. 

    The letter told importers that the action appeared to be “part of a broader initiative by the Department of Homeland Security to scrutinize the origins of products, particularly in the case of Chinese-made drones,” adding that the US government’s claims are “unsubstantiated and categorically false, but the law gives them the authority to withhold goods without any tangible evidence.”

    Data from Sayari, a top counterparty and supply chain risk intelligence provider, shows DJI has seven major risk factors. It has exposure to a Xinjiang-based entity with forced labor concerns. 

    “The entity possibly owns (minority, majority, or wholly) a Xinjiang-based entity up to 3 hops away via direct shareholding relationships with 10% or more controlling interest, including beneficial owner, owner, shareholder, partner, subsidiary, or branch. Applicable to entities globally,” Sayari noted in the DJI profile. 

    DJI products are also widely used by US government agencies. US lawmakers have sounded the alarm (read: Senators Introduce Bill To Blacklist Chinese Drones In The US) on the widespread use of these drones by consumers and government agencies, warning these unmanned systems are national security threats.  

    Meanwhile, state-run Chinese media outlet Global Times spoke with Lü Xiang, a research fellow at the Chinese Academy of Social Sciences, about the incident first reported by Reuters, criticizing Washington for “adopting the ridiculous and discriminatory UFLPA to crack down on the drone maker.” 

    Xiang told GT, “By doing so, the Biden government may aim to protect the US dronemaking industry. However, the unreasonable move by the US could spark further concerns worldwide over future China-US relations.” 

    What drone industry is the Biden admin protecting for consumers? We can’t name one affordable US-based drone company that is as good or exceeds DJI in performance. 

    Tyler Durden
    Thu, 10/17/2024 – 20:30

  • Election 2024: Those Who Lecture Versus Those Tired Of Being Lectured
    Election 2024: Those Who Lecture Versus Those Tired Of Being Lectured

    Authored by Victor Davis Hanson via American Greatness,

    The election is finally shaping up to be not only liberal Democrat Harris versus conservative Republican Trump.

    Instead, it has become a larger contest between those who talk down to their fellow Americans and those who are increasingly sick and tired of being lectured.

    How smart is it, for example, for Harris supporters to claim nonstop that ex-president Trump is a fascist dictator—and thus, by extension, those also who vote for him?

    Women voters poll about 53-5 percent for Kamala Harris. Trump enjoys a similar, although likely somewhat smaller, majority margin of male voters.

    Yet Harris – along with campaign surrogates Barack Obama and Bill Clinton – has been lecturing both black and white male voters nonstop that they are misled.

    Or they supposedly suffer from false consciousness – as if they have no clue that Harris and her progressive agenda are really in their own self-interest.

    Such haughtiness reached a zenith when Harris ran ads of actors costumed as supposedly working-class men. They voiced scripted talking points to prove that “real” men are progressive Harris supporters.

    But the actors were so patently ridiculous, their canned lines so unreal, that most viewers likely thought the ads were run by Trump himself—to show how arrogant, out-of-touch elites must imagine how the so-called “clingers” and “deplorables” think and talk.

    The Trump campaign also tries all sorts of strategies to win over women voters, from promising to rectify the Biden-Harris hyperinflation to reducing spiraling crime in towns and cities.

    But one method they avoid is claiming women are ignorant of their real self-interest and deluded by Harris—accurately assuming that a candidate does not win voters by belittling their intelligence.

    Harris and Obama both dressed down black men, claiming they are especially culpable for not voting en masse for Harris—even though a far higher percentage of black males will vote for Harris than for Trump.

    This hectoring the electorate on its supposed ignorance or moral shortcomings has become a Harris campaign trademark.

    To Harris, objecting to 10-12 million foreign nationals entering the company illegally without background checks during the Biden-Harris administration is supposedly a sign of a lack of compassion.

    And claiming that a current declining rate of illegal immigration should allay voters’ supposed paranoias utterly ignores the millions of illegal aliens who were all but welcomed in by Biden-Harris before the 2024 election cycle.

    Voters are also talked down to ad nauseam that they do not appreciate the Biden-Harris economy given the rate of inflation is falling.

    True. But most voters go shopping in a manner politicians do not.

    So, they resent such top-down sermons. They know best that prices for staple foods, fuel, insurance, and housing have spiked by some 20-30 percent since 2021—and stayed astronomically high.

    Currently, the auto industry is in crisis. Its huge inventory of electric voters sits unwanted and unsold. Harris and the left, remember, mandated all sorts of EV standards in their war against the internal combustion engine.

    Then the proverbial people revolted against the comparatively limited range of EVs and the difficulty in finding accessible and quick-charging stations.

    So, the free market and consumer demand ignored the increasingly strident lectures.

    Likewise, Harris pontificated that crime that had spiked in 2021-2023 is now not all that bad.

    But voters know all too well that their major cities are now unsafe. They sense one reason this year that crime is not soaring as it was two years ago is because it had gotten so bad that any further commensurate increases would have made life utterly unlivable.

    The Harris campaign was further hurt by past videos that keep popping up of Harris lecturing voters about how they either must think correctly or remain cluelessly selfish or ignorant.

    So, a recent clip surfaced on Columbus Day 2021 of a Vice President Harris lecturing America about Western civilization’s “shameful” sins in discovering the new world.

    Another video reveals Harris warning the country in 2020 on national television that the massive post-George Floyd demonstrations—that had turned violent and deadly—were not and should not stop, as if the country had to pay collective penance for its sins.

    This 2024 race may be becoming analogous to an October 1980 teachable moment.

    Then a preachy and sanctimonious incumbent Jimmy Carter—ahead in the final October polls over challenger Ronald Reagan—finally turned off voters for good.

    The previous underdog Reagan won in a landslide for a variety of reasons. But certainly, one explanation was that the electorate had finally collectively shrugged their weariness. They were sick and tired of Carter’s downer lectures about how they were wrong and culpable.

    Reagan, however, reminded voters that America was better than all the alternatives, needed not be perfect to be good, and had nothing to apologize for.

    The same contrast will likely determine the election of 2024.

    Tyler Durden
    Thu, 10/17/2024 – 20:05

  • Yemen Overtakes Afghanistan As The World's "Least Peaceful" Nation
    Yemen Overtakes Afghanistan As The World’s “Least Peaceful” Nation

    The Global Peace Index is a scoring system adopted by the Institute for Economics and Peace (IEP).

    It identifies and measures 23 different metrics that drive peace in a country.

    Every year the non-partisan group ranks 163 countries based on factors such as military expenditure, weapons imports and exports, political terror scale, deaths from internal and external conflict, nuclear and heavy weapons, perceptions of criminality, homicide rate, political instability, violent crime, and demonstrations, among others.

    Yemen is the least peaceful country in the world in the 2024 GPI, followed by Sudan, South Sudan, Afghanistan, and Ukraine. This is the first year that Yemen has been ranked as the least peaceful country in the world, with the country having fallen 24 places in the rankings since the inception of the index.

    Source: @JuliePeasley

    The gap between the most and least peaceful countries in the world is now wider than it has been at any point in the last 16 years.

    Compared to 2008, the 25 most peaceful countries were one per cent more peaceful in 2024, while the 25 least peaceful countries were 7.5 per cent less peaceful.

    The report finds that many of the conditions that precede major conflicts are higher than they have been since the end of the Second World War.

    There are currently 56 active conflicts, the most since the end of Second World War, and with fewer conflicts being resolved, either militarily or through peace agreements.

    The number of conflicts that ended in a decisive victory fell from 49 per cent in the 1970s to nine per cent in the 2010s, while conflicts that ended through peace agreements fell from 23 per cent to four per cent over the same period.

    Conflicts are also becoming more internationalised, with 92 countries now engaged in a conflict beyond their borders, the most since the inception of the GPI in 2008.

    Tyler Durden
    Thu, 10/17/2024 – 19:40

  • Grand Jury Indicts New Hampshire Supreme Court Justice Over Allegations Of Case Interference
    Grand Jury Indicts New Hampshire Supreme Court Justice Over Allegations Of Case Interference

    Authored by Stephen Katte via The Epoch Times (emphasis ours),

    A New Hampshire Supreme Court Associate has been indicted by a grand jury for allegedly trying to interfere in an open investigation of her husband.

    The entrance to the Wisconsin Supreme Court chambers inside the state Capitol in Madison, Wis., on March 14, 2024. Todd Richmond/AP Photo

    In an Oct. 16 statement from the New Hampshire Department of Justice, Attorney General John Formella said the Merrimack County Grand Jury had indicted Justice Anna Barbara Hantz Marconi for two felonies and five misdemeanors.

    All the charges relate to her alleged attempts to interfere with the criminal investigation into her husband, Geno Marconi.

    “The decision to charge a sitting Justice of the New Hampshire Supreme Court was not made lightly, and it comes after careful and thoughtful deliberation,” Formella said.

    No person is above the law, and the evidence in this case required investigation and presentation to the grand jury.”

    According to the New Hampshire Department of Justice, Hantz Marconi has been charged with two Class B felonies, one count of attempt to commit improper influence, and one count of criminal solicitation of improper influence.

    She is also charged with five Class A misdemeanors, two counts of criminal solicitation of misuse of position, one count of criminal solicitation of official oppression, one count of official oppression, and one count of obstructing government administration.

    One of the indictments accuses Hantz Marconi of trying to solicit New Hampshire Gov. Chris Sununu to “improperly influence a member and/or members” of the New Hampshire Department of Justice while they were investigating her husband, who served as director for the New Hampshire Division of Ports and Harbors.

    She allegedly told the governor that the investigation was the result of “personal, petty and/or political biases.” She also allegedly said to Sununu that the investigation into her husband “needed to wrap up quickly because she was recused from important cases pending or imminently pending before the New Hampshire Supreme Court.”

    A conviction for a Class B felony is punishable by three to seven years in prison and a fine of up to $4,000. A Class A misdemeanor carries a sentence of up to 12 months behind bars and a fine of up to $2,000.

    At this stage, the New Hampshire Department of Justice said the investigation is complete and no one else has been accused of wrongdoing.

    The State Department of Justice also said that “the charges in these indictments are only allegations, and Justice Hantz Marconi is presumed innocent unless and until proven guilty.”

    Hantz Marconi has been on paid leave from the Supreme Court since July. Her husband has been on leave since April and is the subject of an investigation by Attorney General John Formella. The exact nature of the investigation has not been shared publically, and Geno Marconi has not been charged with any crime.

    Attorneys for Hantz Marconi have said their client is innocent and hasn’t violated any rules or laws. In a court filing, they plan to push for the charges to be dismissed.

    “We will fight the charges to the fullest extent permitted by the law, starting with motions to dismiss the case which we anticipate filing soon,” Hantz Marconi’s attorneys said.

    We intend to fight these wrongful accusations in court, where the fight should occur, and not in the media.

    The Epoch Times contacted the New Hampshire Department of Justice and Hantz Marconi for comment but received no replies by publication time.

    The Associated Press contributed to this report.

    Tyler Durden
    Thu, 10/17/2024 – 19:15

  • Billionaires' Row Developer Buys Madison Ave. Office Tower For Condo Conversion
    Billionaires’ Row Developer Buys Madison Ave. Office Tower For Condo Conversion

    Whether to tear down old office towers or convert them into multi-family residential structures involves a lot of consideration—including real estate values and zoning codes—and it’s important to note that some towers are not structurally supportive for conversion. 

    Developers have hired engineers to examine old towers across Manhattan and other boroughs to carefully determine which ones are the least expensive to convert office floors into apartments.

    A 24-story office tower at 655 Madison Ave. was slated for demolition months ago as Manhattan’s skyline was about to lose another historic mid-century building. This was halted after one of Manhattan’s top developers, Extell, known for kickstarting the “Billionaires’ Row” towers near Central Park, bought the 310-foot-tall, 200,000-square-foot structure for $160 million, according to Bloomberg, citing public records documents. 

    People familiar with the matter told the financial publication that Tyko Capital, which Elliott Investment Management backs, provided Extell with financing for the acquisition of the tower. 

    Other developers are moving in on NYC towers for conversions:

    Last week, developer Vanbarton Group agreed to buy the Archdiocese of New York’s headquarters building on First Avenue, with plans to convert it into rental housing. That followed a deal in September to purchase a financial district tower for a similar office-to-housing project. -BBG

    Hybrid and remote working options have changed the landscape of work forever. This has left parts of the borough with massive gluts of towers – some of which are half abandoned.

    The Kastle ‘Back to Work Barometer’ index of NYC shows that the office tower vacancy rate has been hovering at 50% since the end of 2022. 

    The glut of towers sent the price of a one-million-square-foot Manhattan tower, once owned by UBS, crashing 97% from the $332.5 million valuation when the bank bought the building in 2006. 

    At the start of the year, Goldman analyst Jan Hatzius told clients that office tower prices had to move much lower to make financial sense for conversions.

    We spoke with the head of one notable property management firm in the Baltimore-DC metro area on Monday, who pointed out that some towers can’t even be given away due to high conversion costs. Let’s not forget that regional banks hold the bulk of tower debt

    Tyler Durden
    Thu, 10/17/2024 – 18:50

  • Kamala Harris Celebrates Hamas Chief's Killing, After Loudly Opposing Operation That Got Him
    Kamala Harris Celebrates Hamas Chief’s Killing, After Loudly Opposing Operation That Got Him

    Update(1600): Kamala Harris is hailing Israel’s killing of Hamas Leader Yahya Sinwar. But last spring as the IDF was poised to expand its operations further south into Rafah, she was firmly against it. She had even warned of “consequences” (which of course never came). Throughout the more than year-long conflict the Biden-Harris administration has been speaking out of both sides of its mouth. The contradictions abound. Of course, the first and foremost contradiction is that the administration has admitted that large-scale massacres of civilians have taken place in Gaza, yet continues to arm America’s “closest Mideast ally” to the teeth and to the tune of billions.

    And now for the latest glaring contradiction, here’s Harris back in March:

    Israel could face “consequences” if it launches a ground assault on the city of Rafah in southern Gaza, the US vice president has warned.

    Vice President Kamala Harris said in an interview that aired on Sunday that it would be a “huge mistake” for the Israeli military to move on the city. The comments appear to underscore the continued strain in relations between Washington and Israel as the latter’s war in Gaza continues.

    Below: But here she is today, offering a celebratory congratulations to Israel on the Hamas chief’s death, while trying to appear ‘presidential’ as a potential future commander-in-chief…

    “Justice has been served, and the United States, Israel and the entire world are better off…”

    https://platform.twitter.com/widgets.js

    One online commenter noted, “All she ever did was shout for a ceasefire, now she’s practically giving the US credit for defeating Hamas.”

    She during the remarks underscored that this “moment gives us an opportunity to finally end the war in Gaza.” So far it appears that Netanyahu sees it differently, having stated that he’ll pursue the return of the hostages by any means possible (while appearing to rule out negotiations or ceasefire).

    The IDF says this is video of Sinwar’s final moments alive, possibly after a fire-fight or his position was shelled:

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    * * *

    Update(1250ET): Official confirmation is trickling in, ahead of a planned evening Netanyahu speech – where he’s expected to issue an official declaration of Hamas leader Yahya Sinwar’s death during fighting in southern Gaza:

    ISRAEL FOREIGN MINISTER KATZ: HAMAS CHIEF SINWAR WAS KILLED IN GAZA

    Katz’s message to foreign leaders likely means a DNA match was made:

    In a message to dozens of foreign ministers around the world, Foreign Minister Israel Katz confirms that Hamas leader Yahya Sinwar was killed, becoming the first Israeli official to do so on the record.

    “The mass murderer Yahya Sinwar, who is responsible for the massacre and atrocities of October 7, was killed today by IDF soldiers,” says Katz, according to his office. “This is a great military and moral achievement for Israel and a victory for the entire free world against the evil axis of radical Islam led by Iran,” he continues.

    Katz says the killing “creates a possibility” for getting the hostages out immediately and for creating a Gaza free of Hamas and Iranian control.

    The top diplomat concluded, “Israel needs your support and assistance now more than ever to advance these important goals together.” US Congressional leaders are hailing news of the Hamas chief’s death, as he was considered the mastermind of the Oct.7 terror attacks.

    Axios correspondent Barak Ravid writes that “The IDF and Shin Bet confirm Sinwar’s body has been identified.”

    Below: graphic image issued by the IDF of Israeli troops standing over Sinwar’s body in Rafah…

    * * *

    In a huge breaking development, Israeli officials believe that Hamas leader Yahya Sinwar is dead. His alleged death may have been the result of an Israeli army attack on a building in Rafah, in southern Gaza. He oversaw the terror attacks of October 7 of last year and has remained Israel’s target #1.

    The Israel Defense Forces (IDF) which were operating in south Gaza were not specifically seeking to target him, but a body recovered at the scene suggests he may have been killed. Israeli sources and media are saying there is a “high likelihood” Sinwar has been killed.

    “At this stage, the identity of the terrorists cannot be confirmed,” the Israeli army and air force said in a joint statement as speculation mounts, also as gruesome photographs of a badly mangled body circulate widely online.

    The Washington Post writes that “A body, believed to be Sinwar’s, is being brought to Israel for DNA analysis, according to an Israeli official who spoke on the condition of anonymity because they were not authorized to speak publicly.” According to more details:

    “We have his DNA from when he was in jail,” Israeli Ambassador to the United Nations Danny Danon said in an interview in September, at a previous moment when Israeli authorities believed they might have killed the Hamas leader. Danon said at the time that DNA analysis had been run on previous bodies, but that the testing had not been a match.

    According to Israeli journalist Nadav Eyal, “A reserve IDF force operating near Rafah spotted three armed men in a building, which was then hit by a drone/tank shell.”

    He describes that “A man resembling Sinwar and a Hamas regiment commander were found dead with a substantial amount of cash and weapons. This was part of the ongoing IDF operation, not a targeted assassination. No hostages are believed to have been present, but the ground is being inspected to confirm.”

    https://platform.twitter.com/widgets.js

    While Israel’s military is urging caution and patience amid all the rumors, if confirmed it would be a huge win for Israel, and major setback for Hamas:

    Army chief Lieutenant General Herzi Halevi vowed to “find him (Sinwar), attack him” and force Hamas to find another leader.

    Sinwar — Hamas’s leader in Gaza since 2017 — has not been seen since the October 7 attack, the deadliest in Israel’s history.

    It would certainly mark the biggest development of the conflict since the assassination of Hamas political leader Ismail Haniyeh in Tehran on July 31st of this year.

    Israeli army publishes footage of what it says is the operation that “led to the assassination of Yahya Sinwar”…

    https://platform.twitter.com/widgets.js

    A prominent open source analysis X account, OSINTdefender, writes that “One of the Images claimed to show the Body of Yahya Sinwar, following an Israeli Strike earlier today on Southern Gaza. With Facial Features as well as his Watch appearing to be an Exact Match to the Leader of Hamas.”

    Strong rumors of his death have been circulating in Arabic media as well.

    https://platform.twitter.com/widgets.js

    Below is a quick review of his bio, via Al Jazeera:

    • Yahya Sinwar was born in the Khan Younis refugee camp in southern Gaza in 1962.
    • His family were refugees from Majdal Askalan, or what became Ashkelon, after the creation of Israel in 1948.
    • Sinwar spent 22 years of his life in Israeli prisons, for allegedly planning the abduction and killing of two Israeli soldiers in 1988. He was freed in 2011 as part of a prisoner exchange deal.
    • An Israeli government assessment of his years in detention described him as “ruthless” and “powerful”.
    • He used his time in jail to become fluent in Hebrew.
    • Sinwar succeeded Ismail Haniyeh as Hamas’s leader in Gaza in 2017. He became the group’s leader after Israel assassinated Haniyeh in July.
    • After the October 7 attack in southern Israel, which he is accused of masterminding, the Israeli military described him as a “dead man walking”.

    developing…

    Tyler Durden
    Thu, 10/17/2024 – 18:45

  • Deep Dive: The Election Will Decide President Trump's Legal Fate
    Deep Dive: The Election Will Decide President Trump’s Legal Fate

    Authored by Mike Davis via Unfazed and Determined (emphasis ours),

    For years, the Biden-Harris Justice Department, partisan Democrat state and local prosecutors, and private citizens—often funded by wealthy anti-Trump donors—have waged an unprecedented lawfare campaign against President Trump. We set out to provide a detailed update on the mind-boggling number of cases. We focus on the four absurd criminal indictments because, of course, they could mean a lifetime of imprisonment for President Trump. We also detail important civil litigation Trump faces.

    Indictment No. 1: New York Nonsense

    In April 2023, Democrat Manhattan District Attorney Alvin Bragg, who campaigned on getting Trump, obtained an indictment against Trump on 34 felony counts related to supposed business records violations. In late 2022, Bragg plucked Matthew Colangelo—the acting No. 3 political appointee in the Biden-Harris Justice Department—to become a key lieutenant in Manhattan to get Trump. Colangelo, in other words, left one of the most prestigious legal jobs in the country to become a local prosecutor. In the indictment, Bragg claimed that, just before the 2016 election, Trump—through attorney Michael Cohen—had agreed to pay a common nuisance complaint to two litigants, a common business practice. Then, Bragg claimed, Trump had falsified his personal business records to conceal the payments. Business records violations of this type are normally misdemeanors in New York for which the statute of limitations is only two years, but Bragg alleged that Trump had violated federal campaign finance laws. According to Bragg, Trump had been required to disclose these payments. His falsifying business records in furtherance of campaign finance violations was thus a felony—or, in Bragg’s absurd view, 34 felonies—because business records falsified to further a felony themselves constitute felony violations.

    Bragg’s case makes no sense. The payment occurred in late October 2016. Trump would not have had to disclose it to the Federal Election Commission (FEC)—assuming, of course, that he even would have had to disclose it at all—until weeks after the election. In other words, the failure to disclose it could not have impacted the election. As former FEC Commissioner Brad Smith (more on him in a bit) has articulated, payments like this—so-called hush-money or nondisclosure payments—are personal and not campaign expenses. The Justice Department indicted former North Carolina Senator John Edwards on the same theory, and the jury deadlocked. The Justice Department could not make the case that Edwards’ payment to his former lover, made while he was running in the 2008 presidential election, was a campaign matter rather than a personal one.

    Acting Manhattan Supreme Court (New York’s lowest state court) Justice Juan Merchan presided over Trump’s trial in April and May 2024. The judge had no business on the case. First off, he had donated in 2020 to President Biden—Trump’s 2020 and, at the time, 2024 opponent—in violation of New York’s judicial ethics guidelines. More importantly, Judge Merchan should have recused because of his daughter, Loren Merchan. Ms. Merchan is the president of Authentic Campaigns Inc. (Authentic), a Chicago-based firm that does digital consulting and marketing for Democrat candidates. One of Authentic’s clients during the 2024 cycle was Adam Schiff, the deranged anti-Trump U.S. House representative who is running for a vacant U.S. Senate seat from California. When Bragg announced his indictment of Trump, Schiff—while working with Authentic—sent out a fundraising email touting the indictment. The Senate Majority PAC, another Authentic client that works to elect Democrats to the Senate, sent out a similar fundraising email based on the indictment. Schiff and the Senate Majority PAC combined have raised well over $100 million since the emails. It is impossible to say how much the emails themselves generated, but the point is that Judge Merchan’s daughter Loren’s clients have used the case to fundraise. The more donations come in, the more chance there is for Authentic to profit.

    Judge Merchan should have dismissed the case; instead, he let it go to trial. He refused to allow Brad Smith, the former FEC commissioner, to testify about the intricacies of campaign finance laws. Smith would have explained why the campaign finance claim makes no sense. Judge Merchan did, however, allow the testimony of two of President Trump’s former White House aides—Hope Hicks and Madeleine Westerhout—regarding communications with Trump while he was President over the payments. The prosecution referred to this testimony as “devastating” in its closing argument because, the prosecutor claimed, it corroborated Cohen’s testimony that Trump had ordered the payments. The jury found Trump guilty on the 34 counts; Bragg had charged each entry as a separate felony. Trump faces up to 136 years in prison. Judge Merchan scheduled sentencing for July 11, 2024, but a dramatic development changed the game.

    On July 1, 2024, the United States Supreme Court ruled that presidents are absolutely immune from criminal prosecution for core official acts and at least presumptively immune for other official acts. This ruling stemmed from Trump’s indictment in the District of Columbia (more details on that later). While the alleged payments in Bragg’s case may not be official acts, the Supreme Court crucially held that a president’s internal deliberations with aides—even about unofficial acts—are inadmissible in a criminal case concerning those unofficial acts. As such, the testimony of Hicks and Westerhout—the “devastating” testimony, according to the prosecution—never should have happened.

    Trump’s team immediately moved for a mistrial. Judge Merchan stated that he would rule by September 6 on the motion and go ahead with the sentencing, if necessary, on September 18. On September 6, however, Judge Merchan postponed a ruling on the mistrial motion until November 12 and the sentencing, if necessary, until November 26. Under this schedule, both will occur after the November 5 election. Based on old and new evidence, however, Judge Merchan should not rule on the case. On August 20, 2024, Vice President Kamala Harris filed her first FEC report as the presumptive Democrat candidate for the presidency. On Form 3P, line 23, a little-noticed but explosive disbursement appears: a $468 payment to Authentic for website hosting services. The Biden campaign had used Amazon to host its website prior to his leaving the race on July 21. Within days, the Harris campaign hired Authentic; the disbursement date is July 30. This means that Judge Merchan’s daughter, Authentic’s president, has a direct business relationship with Trump’s main opponent for the presidency while Judge Merchan is making rulings that could profoundly impact the election.

    Indictment No. 2: Madness at Mar-a-Lago

    When he was about to leave office, President Trump declassified many records and kept personal copies. This is similar to what former President Bill Clinton did when he retained copies of audiotapes of material, including classified information, related to the presidency. When a group sought these tapes as presidential records, U.S. District Judge Amy Berman Jackson of the District of Columbia held that President Clinton had exercised his discretion to retain the records as personal records. This suit arose from the Presidential Records Act of 1978 (PRA). Under the PRA, presidents must turn over presidential records to the National Archives. The Archives usually returns many of these records for use in presidential libraries. Presidents also have the inherent power to declassify anything they wish in any manner they wish. While the government owns presidential records, the PRA gives a former President access to his presidential records anytime he wants.

    Trump and the National Archives battled for months over the custody of certain presidential records. During this time, the presidential records were at Trump’s Office of the Former President in Mar-a-Lago and under Secret Service protection. Trump, as a former president, is entitled to this protection for life. The DOJ intervened in the dispute and subpoenaed the records. In August 2022, FBI agents raided Mar-a-Lago in an early morning operation. The agents, heavily armed, seized truckloads of boxes of documents. Attorney General Merrick Garland signed off on the raid, as did U.S. Magistrate Judge Bruce Reinhart. Six weeks prior,  Judge Reinhart had recused himself from a lawsuit involving Trump and Hillary Clinton. The reason was obvious. In 2017, while a private lawyer, Reinhart had disparaged Trump in a Facebook post; in other words, Judge Reinhart had expressed animus against one of the parties in a case over which he was presiding. Yet, he signed the Mar-a-Lago raid warrant.

    Fast forward to November 18, 2022, when Garland plucked Jack Smith from The Hague to serve as Special Counsel in Trump’s federal cases. Smith had served as the head of DOJ’s Public Integrity Section and had secured a conviction against former Virginia Governor Bob McDonnell, a likely 2016 Republican candidate for the presidency or vice presidency. The 2014 conviction was based on the theory that, while in office, McDonnell had obtained gifts in exchange for holding meetings with people. DOJ never claimed that McDonnell had, say, signed a law in exchange for gifts. In 2016, the Supreme Court unanimously rejected this laughable theory. What McDonnell had done may have been tawdry, but it was not a crime. The damage had been done, however, as McDonnell was out of commission as a political force.

    The Senate never confirmed Smith; Garland simply picked him, claiming that Smith would serve independently since Trump had announced his candidacy for the presidency earlier that month. In June 2023, Smith secured an indictment against Trump and two others on charges of willfully retaining and mishandling classified information, as well as obstruction of justice. Smith claimed that Trump and his aides had tried to hide documents after the subpoena. Judge Aileen Cannon of the Southern District of Florida received the random case assignment immediately after the indictment. Smith never sought her recusal during her 13 months on the case.

    One of these motions concerned the constitutionality of Smith’s appointment. Smith, Trump argued, had power equivalent to a U.S. Attorney. These officials require Senate confirmation, which Smith never obtained. Judge Cannon agreed, holding that Smith’s appointment violated the Appointments and Appropriations Clauses of the Constitution. She cited a concurrence by Justice Clarence Thomas in the presidential immunity decision. The Supreme Court has never determined whether a special counsel like Smith is constitutional. In 1974, Leon Jaworski served as the special prosecutor in the investigation of President Richard Nixon. While that case wound up at the Supreme Court, neither party briefed nor argued the constitutionality of Jaworski’s appointment.

    Smith has appealed Judge Cannon’s decision to the Eleventh Circuit. Briefing should be finished by mid-October, and oral argument likely will occur after the election. Smith has not sought Judge Cannon’s recusal; however, a Soros-funded leftist group called Citizens for Responsibility and Ethics in Washington (CREW) has. In its friend-of-the-court brief, CREW—a nonparty who has no standing to seek recusal—claimed that Judge Cannon has been biased in favor of Trump. CREW never filed such a brief with respect to Judge Reinhart. CREW whined about the “sluggish” pretrial pace, but CREW does not have the right to a speedy trial. That right belongs exclusively to the defendant under the Sixth Amendment. It is unclear if the court will accept CREW’s brief, and we have urged the three-judge panel to decline to do so.

    CREW’s brief was the culmination of a pattern of absurd attacks against Judge Cannon. Leftist legal pundits are angry that she has not jumped whenever Smith has barked. In a New York Times story, for instance, anonymous sources claimed that Chief Judge Cecilia Altonaga had suggested that Judge Cannon step aside so that the case could be moved to Miami where there was a secure facility to view classified documents. One since has been built at the courthouse where Judge Cannon sits in Fort Pierce. Another judge supposedly made the absurd suggestion that Judge Cannon should let a more experienced judge handle the case. There is no experience requirement for a judge to preside over a case, and were Judge Cannon to step aside and be replaced by, say, a less experienced Biden appointee, the experience complaints would evaporate in no time.

    The most egregious campaign against Judge Cannon came from Glenn Kirschner, a former federal prosecutor and terminal sufferer of Trump Derangement Syndrome. Kirschner posted on his YouTube channel a guide for his followers to file ethics complaints against Judge Cannon with the Eleventh Circuit. Over a thousand of these pests deluged the court, and it got so bad that Chief Judge William Pryor directed the court clerk to stop accepting these complaints because the limited court staff were overwhelmed. This unprecedented campaign against Judge Cannon, based on absurd arguments, is a grave threat to judicial independence that so far has failed and must never succeed.

    Indictment No. 3: D.C. Derangement

    Smith, who has no business serving because his appointment was unconstitutional, was not remotely finished with Trump after the Florida indictment. In August 2023, he obtained an unprecedented separate indictment against Trump in the District of Columbia over the events surrounding the January 6, 2021 Capitol riot. Notably, even rabid partisan Smith did not charge Trump with having incited an insurrection, the absurd claim used to attempt to disqualify Trump from the ballot, as detailed later. Instead, Smith charged Trump with conspiracy to violate the rights of voters by depriving them of their lawfully cast votes. Smith also claimed that Trump had defrauded the United States because, Smith alleged, Trump knew he had lost the election but spread the lie that he had won in order to stay in power. Smith also charged Trump with obstruction of an official proceeding, the counting of the electoral votes in Congress. Smith intruded upon internal DOJ deliberations, inserting their contents into the indictment. Trump had asked the DOJ to investigate election fraud, and Assistant Attorney General Jeffrey Clark had suggested sending an advisory to state legislatures–a draft never sent–that they should conduct their own investigations and, if appropriate, appoint alternate electors. Pundits have called these “fake electors,” but they in reality were alternatives who could have voted for Trump were the Biden electors rejected if fraud had emerged.

    D.C. U.S. District Judge Tanya Chutkan, an Obama appointee, received the case assignment in August 2023 and set a March 4, 2024, trial date. This scheduling was absurd. There were millions of pages of discovery and thousands of hours of video to pour over. The goal was obvious: get Trump before a virulently anti-Trump D.C. jury and secure a quick conviction before the election. At prior sentencings, Judge Chutkan had made critical comments regarding Trump, though she referred to him as one person who had not been charged; she did not utter his name. Smith had proposed an even more ridiculous trial date: January 2, 2024. Judge Chutkan ruled against Trump in pretrial motion after pretrial motion, culminating in her December denial of his motion to dismiss the case on the basis of presidential immunity. Trump claimed that he had taken official acts that constituted the basis of Smith’s indictment. Those acts were immune from prosecution, and the indictment must fail. Judge Chutkan categorically rejected this claim, holding that presidents are not entitled to immunity for official acts.

    At this point, Trump appealed to the D.C. Circuit, and Smith’s train began to derail. Since the issue involved immunity, Trump’s appeal halted all pretrial proceedings before Judge Chutkan. Smith, desperate to obtain his conviction before the election, sought review by the Supreme Court even before the D.C. Circuit had ruled. His justification was insulting. He claimed that the nation had a compelling interest in resolving this issue. The nation is not entitled to a speedy trial; the defendant is. It would make no difference legally whether the issue of immunity was resolved in 2024 or 2025. The justices rejected Smith’s pathetic political ploy and allowed the appeal to proceed as it otherwise would have.

    Without justification, the D.C. Circuit expedited briefing and oral argument on Trump’s appeal. In February 2024, a three-judge panel rejected Trump’s immunity claim, holding that, while presidents might have immunity for some acts, Trump did not for his. The judges, in other words, created a Trump-only immunity rule. The panel also rejected concerns that prosecutors would abuse power to indict a former president, reasoning that Trump’s being prosecuted in the normal course of the criminal justice system showed that the prosecution was proper. This reasoning makes no sense, as Chief Justice John Roberts later pointed out at oral argument. After the D.C. Circuit’s ruling, Trump sought Supreme Court review, which the justices granted in March. Oral arguments occurred on April 25, and the Court ruled on July 1.

    This timeline infuriated leftist pundits, who whined that the Court was not moving fast enough. To put this in perspective, Trump was indicted in August 2023, and a pretrial appeal wound its way through the federal system and was resolved in 11 months. That timing is extraordinarily fast. For example, Joseph Fischer, a former police officer, was indicted on November 10, 2021, for, among other things, obstruction of an official proceeding concerning the Capitol riot. Judge Carl Nichols dismissed that count, the DOJ appealed and won at the D.C. Circuit, and the Supreme Court granted Fischer’s petition for review. In June 2024, the justices ruled in Fischer’s favor, holding that the obstruction statute did not apply. More than two and a half years had elapsed between the time of Fischer’s indictment until the Supreme Court’s decision, more than double the time it took to resolve Trump’s pretrial appeal. The only reason for complaints about timing was an improper one: the election. Like Smith, leftist pundits wanted Trump convicted and locked away in a cage during the campaign.

    The Supreme Court gave Trump (and the presidency) a significant victory in the immunity decision. Core official acts like pardons or bill vetoes are, the justices held, absolutely immune. Other official acts are at least presumptively immune. For instance, the Court cited Trump’s conversations with Vice President Mike Pence concerning the certification of electors. As President of the Senate, Pence presided over the certification, and President Trump wanted him to reject several slates of electors. Pence refused, and Congress certified the election results. The justices also struck portions of Smith’s indictment concerning Trump’s communications with the DOJ, holding that those deliberations between the president and DOJ constituted core presidential acts. The Court also ruled that a president’s motives cannot be considered in determining whether acts are entitled to immunity. Presidents also have broad leeway in communicating with the American people. As such, many public statements of a president constitute official acts. In the indictment, Smith cited many of Trump’s social media posts concerning the election as evidence of criminality.

    The Court remanded the case to Judge Chutkan to apply its immunity test. Judge Chutkan had made no findings of fact; rather, she had rejected Trump’s immunity claim on its face. Even though Fischer’s case, which we referenced earlier, did not directly involve Trump, the Court’s ruling well could. The obstruction statute on which Trump and Fischer were indicted was a post-Enron law dealing with the destruction of evidence in cases. Its 20-year maximum sentence has been a powerful weapon for the DOJ to induce January 6 defendants to plead guilty to lesser charges. All but one district judge in D.C., Judge Carl Nichols, allowed the DOJ to get away with this statutory abuse and political persecution. In light of the Supreme Court’s decision, however, many defendants will need to be resentenced without the obstruction charge. Judge Chutkan will also need to decide if those two counts must be dismissed as to Trump–two of four of Jack Smith’s bogus charges.

    On September 5, 2024, Judge Chutkan held the first status hearing on Trump’s case since the pause in proceedings last December. Smith made an extraordinary proposal. He wanted to file an opening brief on the issue of immunity, after which the defense could respond and Smith could reply. Even more astoundingly, Judge Chutkan agreed to this. Instead of permitting the defense to file a motion to dismiss the superseding indictment that Smith had obtained last month, the normal procedure in such a case, Judge Chutkan permitted prosecutors to have the first and last word on the immunity dismissal issue. All briefing should be complete by October 29, a week before the election. Smith has indicated that he will submit evidence that has not yet become public. This submission will occur while voters are casting ballots in mail and early voting. It is a blatant effort to influence the election.

    Judge Chutkan has stated that she will not take the election into account in her scheduling decisions. Her rulings themselves cast doubt on that assertion, however. She rushed to schedule a trial and made no findings of fact concerning immunity. This lack of fact finding elicited justified criticism from the Supreme Court. She then, in what is essentially a motion to dismiss an indictment, allowed the prosecution to fire the first shot. It is plain that she is solidly against Trump.

    Because it is impossible for the D.C. case to go to trial before the election, Smith has tried to dent Trump through the filing of evidence presented to the grand jury in obtaining the superseding indictment. Judge Chutkan, who has discretion in managing a pretrial schedule, decided to allow this. The result was a bizarre 180-page long brief that was filed before the Trump team even had the chance to file a motion to dismiss. This is totally bizarre – and if the goal were to ultimately convict Trump at trial, Smith would never put all this information on the public record right now, due to the risks of tainting the jury pool. But it seems clear that Smith has decided that his prosecution is doomed, and so he will use this prosecution to provide fodder for hit pieces against President Trump in the run-up to the election. This is a totally improper use of the judicial system, but Judge Chutkan was happy to allow it.

    Smith has indicated that, even if Trump wins, he will continue to pursue the case. Trump’s acting attorney general must fire Jack Smith immediately, shutdown his office, and dismiss with prejudice all these bogus federal indictments against Trump. It is crucial to remember that these cases should not be proceeding and never should have begun. They are not the result of earnest prosecutors who desire to uphold the law regardless of politics; rather, they are the product of politically motivated lawfare designed to take out an opposing party’s presidential candidate.

    Indictment No. 4: The Fulton Fani Fiasco

    In August 2023, Fulton County, Georgia District Attorney Fani Willis obtained an indictment against Trump similar to Smith’s D.C. indictment–but even more bizarre. Willis alleged that Trump had violated Georgia’s racketeer influenced and corrupt organizations (RICO) statute. According to Willis, Trump had sought to overturn a valid election in Georgia through illegal means. She cited a recorded call on which Trump had told Georgia Secretary of State Brad Raffensperger to find 11,000 votes, the approximate margin of Trump’s deficit at the time. According to Willis, Trump wanted votes fabricated. Willis also charged that Trump had engaged in a fake electors scheme to replace Biden’s slate of Georgia electors with an alternate Trump slate.

    Willis did not just indict Trump. She indicted 18 defendants, including Trump attorneys John Eastman, Jenna Ellis, Sidney Powell and former New York City Mayor Rudy Giuliani. These lawyers, Willis claimed, had submitted fraudulent court filings in furtherance of the RICO conspiracy. Willis did not stop there, however, indicting David Shafer, chairman of the Georgia Republican Party. She even went so far as to indict Jeffrey Clark, the former U.S. Assistant Attorney General, and former White House Chief of Staff Mark Meadows.

    Willis’s case seemed to be humming along nicely until January 2024. At that point, one of Trump’s codefendants filed a motion seeking the recusals of Willis and Nathan Wade, her top special prosecutor. Willis paid Wade nearly $700,000 for his services on Trump’s case. The motion alleged that the two had been having a secret affair while the case was pending and while Wade was married. Superior Court Judge Scott McAfee held a lengthy evidentiary hearing on the motion, over the vehement protests of Willis’s underlings, who demanded that the lawyer who had filed the motion be sanctioned.

    Instead of a garden-variety evidentiary hearing, what occurred was the courtroom version of Jerry Springer. In a nationally broadcast proceeding, Wade and Willis testified and admitted to the affair. While Wade was relatively calm, Willis melted down. She was so out of control that Judge McAfee admonished her to stop her antics. Willis and Wade admitted that Wade had paid for lavish vacations, including a Caribbean excursion. They also claimed that Willis had reimbursed Wade, but they provided no documents to support this assertion. Instead, they told the judge, Willis had given Wade cash. Willis claimed that she keeps massive piles of cash at her house, including leftover campaign contributions, that she uses to pay expenses. It is unclear why Willis did not just use the cash to pay for the trips themselves.

    Judge McAfee split the baby. He ruled that Willis could remain on the case, but only if Wade resigned. Wade resigned the afternoon of the ruling. The judge criticized Willis for her conduct, highlighting her speech at a predominantly African American church in which she had claimed that the charges against her were racially motivated. Judge McAfee characterized Willis’s and Wade’s testimony as having “the odor of mendacity.” Trump and many of his codefendants immediately appealed to the Georgia Court of Appeals, which will hear oral arguments in December. The court must rule by next March, but the losing side can appeal to the Georgia Supreme Court. That court has discretion to hear the appeal. If it chooses to hear the case, a decision may not occur until 2026. If Willis and her office are disqualified, a committee will assign the case to another district attorney in a different county, who might elect to drop it.

    Even if Willis is not ultimately disqualified, the case is a long way from trial. The reason concerns presidential immunity. Like he did with respect to the D.C. indictment, President Trump has moved to dismiss the Georgia case on the theory that the indicted acts are immune from criminal prosecution. Judge McAfee has not touched that issue. The immunity ruling came in July; by that time, proceedings before Judge McAfee were on hold because of the Willis disqualification appeal. When and if Judge McAfee rules, that decision can be appealed through the Georgia courts and ultimately up to the United States Supreme Court. Also, if Trump wins the presidency, the case surely will be paused while he serves his term. Meadows also has sought to remove his case to federal court, claiming that his acts were official and thus subject to the removal statute. The district judge and Eleventh Circuit ruled against him, and he has sought Supreme Court review. The issue would become moot if Willis is disqualified and a new prosecutor drops the case.

    The case should be dropped, but the case never should have begun. Willis and Wade used it as a trough to finance their luxurious lifestyle, costing the taxpayers of Fulton County nearly $700,000 in the process. Wade’s billing for his services was outrageous. On one day, he billed 24 hours at $250 an hour. If true, Wade did not stop to eat. Take a shower. Go for a walk for a few minutes to stretch his legs after sitting at a desk and working his fingers to the bone. Catch some sleep. He just worked nonstop, he claimed. This assertion is insulting to the intelligence of any reasonable person. Wade also billed Fulton County taxpayers $4,000 for two meetings with Biden-Harris White House officials before bringing the unprecedented indictment against Trump, their political opponent. The first occurred in Athens, Georgia, with the White House Counsel. The second occurred in Washington, where Wade apparently went to the White House. We have no idea what discussions occurred between Wade and White House officials, but it is plain that there was coordination between the Biden-Harris White House and state prosecutors. Since Wade billed Fulton County, whatever he was doing pertained to Trump’s case. Wade also never should have been hired to prosecute a RICO conspiracy, one of the most complicated indictments a prosecutor can pursue. Willis cited Wade’s service as a municipal court judge, but that in no way qualified him to prosecute a case of this complexity or magnitude. He had never even tried a felony case. Wade also laughably claimed that, even if Trump is President, he can be tried criminally in Georgia during his term. This assertion alone illustrates just how unqualified Wade was to serve on the case. Thanks to their astonishing foolishness and arrogance, Wade and Willis might well find themselves as criminal defendants either in Georgia or a federal court in some other venue while Trump goes free and serves four more years in the White House.

    * * *

    The criminal lawfare that President Trump has had to face is, by itself, shocking, but it does not come close to capturing the magnitude of the lawfare campaign. Civil actions have sought to bankrupt Trump, prevent him from doing business, and even remove him from the presidential ballot. The last effort not only was an attack on Trump; it amounted to an attempt to disenfranchise the tens of millions of Americans who wish to vote for him. Below is a history and update on several of these civil actions.

    Lawsuit No. 1: The Insurrection Rejection

    The National Park Service approved a permit for the so-called “Stop the Steal” rally on January 6, 2021. The purpose of this event was to protest the electoral certification of Biden’s victory that day in Congress, and President Trump spoke at the rally. In his speech, President Trump urged his supporters to “peacefully and patriotically” march to the Capitol.

    What happened at the Capitol that day was a riot. As Justice Alito pointed out at oral argument in Fischer v. United States, the case that stopped the Biden-Harris Justice Department from using the obstruction statute against January 6 defendants, “January 6 was very serious.” Police officers were assaulted, and the Capitol sustained damage. Some rioters even stole government property like computers from the offices of members of Congress. An officer died from natural causes; Trump was not, contrary to some delusional leftist claims, responsible for his death.

    January 6 was not, however, an insurrection. Shortly after the riot had subsided, leftists began plotting to end Trump’s potential 2024 presidential campaign early. Voters would not decide if he should resume the presidency; judges would. This plan centered around Section 3 of the Fourteenth Amendment, the Insurrection Clause. This provision holds that those who have previously taken an oath to support the Constitution of the United States and then engage in rebellion or insurrection against it shall be disqualified from holding further office, unless Congress removes the disability by a two-thirds vote. The Insurrection Clause was designed to keep former confederates from assuming office, such as being elected to the House of Representatives.

    Leftists claimed that Trump’s January 6 speech, which called for a peaceful march to the Capitol, constituted an insurrection. These authoritarians claimed that Trump had used violence to prevent the peaceful transfer of power. Were this view accepted, it would gut the First Amendment’s guarantee of freedom of speech. Phrases such as “fight like hell” would transform someone into an insurrectionist. When Trump announced his candidacy, leftists began filing lawsuits to strike him from ballots. Most failed, but Denver, Colorado District Judge Sarah Wallace decided to hold a trial on the issue. The judge then ruled that Trump had engaged in an insurrection but that he was not an officer of the United States and that the oath he had taken was not the same as the one articulated in the Insurrection Clause.

    On appeal, the Colorado Supreme Court agreed that Trump had engaged in an insurrection but reversed the trial court’s rulings with respect to the oath and Trump’s being an officer of the United States. The 4-3 majority on the all-Democrat-appointed court, including now-Chief Justice Monica Márquez, ordered Trump removed from the presidential primary ballot. This ruling, issued just before Christmas, sent shockwaves through the nation. Within a short time, Maine Secretary of State Shenna Bellows, a radical Democrat who had not even been elected, decreed that Trump was an insurrectionist and removed him from the ballot. Soon after, Cook County Circuit Judge Tracie Porter in Chicago followed suit based on the ruling of the Colorado Supreme Court. The leftist lawfare was working to perfection. Trump was almost gone; there was just one more hurdle to overcome.

    Trump appealed the Colorado decision to the Supreme Court of the United States. On March 4, 2024, the day before Super Tuesday—the day on which many states have primaries and caucuses—the justices issued their decision. The Court unanimously–9-to-0–held that states have no authority to bar federal candidates from running for office based on the Insurrection Clause. A majority of the justices also held, as Chief Justice Salmon Chase had in Griffin’s Case (1869), that Congress must pass a statute for the Insurrection Clause to be enforceable; in other words, the Insurrection Clause is not self-executing. House Democrats have proposed such a law, but there is no chance that it will pass the Republican-controlled House. If Trump wins and Democrats take control of the House and Senate, however, such a law could pass next January before Trump’s inauguration. Otherwise, if Trump prevails, leftists cannot thwart his assuming the presidency by branding him as an insurrectionist.

    The events of the insurrection saga were unfathomable. Trump has never been convicted of insurrection. He has never even been charged with that offense. Jack Smith, as aggressive a prosecutor as there is and a rabid partisan to boot, has not even gone down that road, and Smith has indicted Trump for seemingly everything under the sun. Yet, a group of leftist lawyers and so-called scholars led by J. Michael Luttig, a retired judge appointed by President George H.W. Bush, who was passed over by President George W. Bush for elevation to the Supreme Court, cooked up a scheme based on a constitutional provision designed to guard against a return to power by members of the Confederacy. With the vigorous support of leftist groups like CREW, this cabal convinced a trial judge and a state supreme court to throw a major party’s candidate off the ballot. An unelected secretary of state snapped her fingers and declared this candidate an insurrectionist. It is highly likely that some leftist lower court federal judges would have gone along with this plan. While they have failed in many areas, President Biden and Vice President Harris have excelled at stocking several appellate courts with hardcore leftists. Only the Supreme Court of the United States saved democracy by stopping the audacious effort to disenfranchise tens of millions of voters. This shameful episode illustrates in the most stark way how the Supreme Court is the last safeguard against the unspeakable lawfare that President Trump has had to endure.

    Lawsuit No. 2: New York Nonsense, Big-Tish Style

    Alvin Bragg is not the only leftist New York prosecutor who has it out for Trump. Professor Alan Dershowitz of Harvard Law School wrote a book, Get Trump, in which he detailed the extraordinary efforts of the anti-Trump lawfare. The title was easy. Dershowitz did not make it up; it came from New York Attorney General Leticia James, a partisan Democrat who vowed to do just that in her campaign. She followed through, suing Trump for hundreds of millions of dollars. James claimed that Trump had defrauded many banks. James’s theory was that Trump had inflated the value of his assets to procure bank loans. A clause in the lending agreement instructed banks to do their own due diligence. These banks were some of the largest in the world, the most sophisticated of actors. One executive testified that Trump was “a whale,” meaning someone with whom banks wanted to deal because of his enormous brand. The banks reasoned that Trump was good for the money, and the banks received payment for the loans on schedule, in-full, on-time, and with interest. In other words, there was no victim of this supposed fraud.

    There was a trial in this case, but much of the deciding had already occurred. Democrat Manhattan Judge Arthur Engoron ruled, based on briefing, that Trump had somehow committed fraud. The statute in question, which deprives defendants of a jury trial, never had been used like this in its history. The trial was for the sole purpose of determining damages. In the end, Judge Engoron imposed approximately $455 million, including interest. He ordered Trump to pay the entire amount as a bond prior to appealing; otherwise, James could begin seizing his assets. The order also banned Trump and his sons from serving as officers of a New York corporation for several years. Trump appealed, and the New York Appellate Division lowered the bond to $175 million, still a gargantuan amount.

    Throughout the trial, Judge Engoron made it plain that he detested Trump, referring to him as “a bad guy” and repeatedly smirking during the proceedings. He imposed an unconstitutional gag order to prevent Trump from criticizing him. Judge Merchan imposed a similarly illegal order in the criminal trial that precludes Trump from mentioning the ties that Loren Merchan has to Biden, Harris and other Democrats. Judge Engoron’s clerk also made political donations in violation of New York judicial ethics guidelines, just like Judge Merchan. The case is currently awaiting a ruling by the Appellate Division, after which the losing side will surely seek review by the New York Court of Appeals. The oral argument strongly indicates the appellate judges see this case as legal lunacy.

    As prominent investor and Shark Tank host Kevin O’Leary pointed out, what Trump did was no different than what businesspeople do every day. No other businessperson has faced legal repercussions for such conduct. Recognizing that the decision against Trump may have inspired fear among other members of the business community that could cause a massive exodus from New York, Democrat New York Governor Kathy Hochul sought to quell fears by claiming that they did not need to worry; this was only about Trump. This assertion proves Trump’s point; he has been a target of lawfare. Members of the business community do indeed need to worry, however, for if New York can do this to Trump because of James’s vendetta, New York can do the same to any of them.

    Lawsuit No. 3: More January 6

    In June 2021, two officers with the Capitol Police—James Blassingame and Sidney Hemby—sued Trump for damages based on physical and emotional suffering as a result of the Capitol riot. The officers claimed that Trump’s words, including his plea to take back the country with strength and to “fight like hell” had incited the riot, even though he had urged supporters to march “peacefully” to the Capitol. Trump moved to dismiss the suit on the grounds that the actions alleged were official. Blassingame and Hemby claimed that the actions were not those of a president but rather those of a candidate seeking to advance his personal interests, mainly the goal of remaining in power. In February 2022, D.C. U.S. District Judge Amit Mehta, an Obama appointee, denied the motion. Trump appealed, and the D.C. Circuit issued its ruling in December 2023. There was neither expedited briefing nor oral argument.  Unlike the D.C. criminal case, the civil matter proceeded in the normal course. The appeals court held that there should be a discovery phase after which the district court should determine which of Trump’s acts were official and thus entitled to immunity versus which acts were personal and thus not so entitled.

    The concept of civil presidential immunity from private suits goes back to Nixon v. Fitzgerald (1982). There, the Supreme Court held that presidents are absolutely immune for civil actions based upon acts that concern even the outer perimeter of presidential duties. At oral argument in Trump’s D.C. criminal case, Justice Gorsuch spoke favorably of remanding for a test like that adopted by the D.C. Circuit in the suit by the Capitol officers. Trump’s counsel, D. John Sauer, agreed that such a remand would be proper. Judge Mehta has been undertaking that analysis since the D.C. Circuit’s remand, and the case will not go to trial before the election. Judge Mehta also denied a motion to dismiss the case on free speech grounds. If it goes to trial, Trump likely will lose in front of a D.C. jury. His only hope for salvation will come from appellate review. The D.C. Circuit did not review Judge Mehta’s First Amendment ruling.  Those kinds of decisions receive review after the conclusion of a trial. Immunity is different because, if a defendant is immune from civil or criminal liability, the defendant should not even face trial. As such, immunity decisions are immediately appealable. We should expect a massive judgment similar to or even greater than the $148 million that a rabid D.C. jury levied against Giuliani in a defamation suit brought over his claims of election fraud.

    When and if the case reaches the appellate phase, either the D.C. Circuit or, more likely, the Supreme Court should throw it out on First Amendment grounds. If Trump’s speech, where he never asked the crowd to be violent but rather urged a “peaceful” march to the Capitol, can constitute the basis for civil liability, the First Amendment would be a nullity. Tens of thousands of people attended the rally, heard the speech, and either went home or followed Trump’s request to march “peacefully” to the Capitol. In the insurrection case, the Supreme Court did not reach the First Amendment issue, but that ground alone should have ended the case. Just as one should not be branded an insurrectionist and disqualified from office based on a speech that never urged violence, one also should not incur a gigantic civil judgment for that speech.

    Lawsuit No. 4:  The Carroll Clown Show

    Author E. Jean Carroll claimed that Donald Trump had raped her in a New York department store dressing room in the mid-1990s. She did not specify a year, much less a date. In 2022, in a lawsuit financed in part by Democrat megadonor Reid Hoffman, Carroll sued Trump, first for defamation and then for the alleged sexual assault. Trump had called Carroll’s claim “a hoax” and denied having met her. While the defamation suit came first, the sexual-assault suit was the first to go to trial.

    This trial never should have occurred. In 2022, New York enacted a law called the Adult Survivors Act (ASA). The ASA revived all adult claims of sexual abuse for one year, regardless of whether the statute of limitations had expired. Suppose that a 75-year-old claims that another 75-year-old abused her in 1970, 54 years ago. According to the ASA, even though the civil statute of limitations expired half a century ago, that 75-year-old would have a year to bring this claim. Such a scheme is horrifying. People rely on statutes of limitations. After a certain number of years, a matter is no longer ripe for legal review. There are crimes like murder with no statute of limitations, but this lack of a limitation period has been in law for centuries. The ASA retroactively revived long-since dormant cases, and that is a whole different kettle of fish.

    The trial on the sexual assault fell into the hands of U.S. District Judge Lewis Kaplan, a Clinton appointee. The relationship between the hyperpartisan judge and Alina Habba, Trump’s lead lawyer, got so bad that Habba faced the threat of going to jail for contempt. The jury determined that Trump had not raped Carroll but that he had sexually abused her. The defamation case then went to trial before Judge Kaplan. This jury also found in favor of Carroll. The combined damages, including punitive damages, totaled over $90 million. Trump has appealed both verdicts. The Second Circuit Court of Appeals heard oral argument on the sexual assault verdict on September 6, the same day that Judge Merchan delayed the sentencing. The appeal dealt with many issues, including Judge Kaplan’s decision to permit the introduction of the so-called “Access Hollywood tape” and his having allowed testimony from a woman who claimed that Trump had groped her on an airplane in 1979. The defamation appeal is awaiting oral argument.

    Like the other lawfare episodes against Trump, this one is extraordinary in a horrifying way. Trump could not be expected to be able to provide a defense to a charge with no date and not even a year. There was no physical evidence like DNA or photographs of bruising to indicate the occurrence of a sexual assault, and no other witnesses could testify about the events of an unknown day or year. If a legislature can retroactively revive claims long barred by a statute of limitations, and if a jury believes an alleged victim’s testimony, a defendant could be out tens of millions of dollars. And if a defendant dares to defend himself by calling the charges, for instance, a hoax, he could be out tens of millions more thanks to a defamation suit. This scheme is so unjust that it offends basic notions of constitutional due process.

    The Stakes of the Election

    President Trump’s fate depends in large part on the election result. If Vice President Harris prevails, it is certain that Jack Smith will continue to prosecute Trump, unless the Supreme Court determines that his appointment is unconstitutional. At that point, however, the other political appointees in the Kamala-Walz Justice Department could resume control of the prosecution. Trump might prevail at trial before a reasonable jury in Florida, but his conviction before a highly biased D.C. jury would be a virtual certainty. There is also no reasonable doubt that Judge Chutkan would hammer him at sentencing. She has shown how ardently anti-Trump she is, and she also has been one of the most harsh sentencers of January 6 defendants. If she gets the chance, she will make sure that Trump rots in a cage for the rest of his life.

    A Trump victory in November would ensure that he would not go to prison based on Bragg’s case at least until 2029 if at all, if the appellate courts fail to stop this clearly illegal political persecution. Even though Trump does not have a criminal record, it is likely that, if given the chance, Judge Merchan would send him to Rikers Island, the notorious jail where prisoners await trial and those convicted serve short sentences. Judge Merchan’s daughter Loren would certainly raise a lot of money off that republic-ending travesty. If Trump prevails, it is doubtful that Judge Merchan would try to throw Trump in prison in the month and a half between the potential sentencing and the inauguration. If he were to act rashly, however, either a higher court in New York or the United States Supreme Court would almost certainly put a stop to his shenanigans.

    The Georgia appellate courts should end Fani Willis’ lawfare against Trump. If Trump wins the White House again, even if the case is not dismissed, Trump would not face trial until at least 2029. By that point, a new district attorney might decide to drop the case. The Georgia Court of Appeals hopefully will put an end to this and disqualify Willis, a decision that should be affirmed in short order by the Georgia Supreme Court. Given her disgraceful conduct, Willis has more than earned that remedy.

    If Vice President Harris prevails, the Supreme Court almost certainly will no longer be a safeguard against the anti-Trump lawfare. The Vice President has indicated that she is open to packing the Court with hardcore leftists who undoubtedly will be clones of Judges Merchan, Engoron and Chutkan. They will serve as rubber stamps for Smith, Bragg, James and Willis. Trump thus will spend the rest of his life in prison based on charges that never should have been brought. He also might face the lesser consequence of bankruptcy if a Supreme Court packed with leftists gives its blessing to the nearly half a billion dollars in judgments against him from New York courts.

    This election will decide whether the lawfare waged against President Trump for so many years and on so many fronts will be rewarded or punished. Several juries have rendered verdicts, and President Trump has appealed. In mere weeks, voters will deliver the most crucial verdict, and it is unappealable. President Trump’s fate is now in the hands of one more jury: the American people.

    Mike Davis is the Founder and President of Article III Project.

    You can subscribe to Unfazed and Determined here, and be sure to follow Mike Davis and the Article3Project here and here.

    Tyler Durden
    Thu, 10/17/2024 – 18:25

  • Canada's Trudeau Slammed Over "Black Justice" Proposal That Would Decriminalize Drugs, Empty Jails
    Canada’s Trudeau Slammed Over “Black Justice” Proposal That Would Decriminalize Drugs, Empty Jails

    Canadian Prime Minister Justin Trudeau is being slammed by conservatives over recommendations he seeks to implement from a standing committee on “black justice” in Canada.

    The proposal will make crime worse in Canada, conservatives led by MP Jamil Jivani have argued. 

    Jivani challenged Liberal Diversity Minister Kamal Khera at a heritage committee meeting over the recommendations in “A Roadmap for Transformative Change: Canada’s Black Justice Strategy”, according to True North.

    Jivani criticized the proposals as “radical,” citing calls for a 30% reduction in incarceration over 10 years, decriminalizing a 30-day supply of hard drugs like cocaine, heroin, and meth, and cutting 25% of federal grants to police departments.

    Jivani accused Khera of being the “DEI Minister” and asked if she supported such “radical criminal justice policies”.

    Khera responded: “It would only be a Conservative that would be making a joke out of systemic racism (which as a result) have seen an over incarceration of black and Indigenous people in our criminal justice system. To be making a joke about that is disgraceful.”

    The True North report says that in December 2021, Justice Minister Arif Virani was tasked with addressing systemic discrimination contributing to the overrepresentation of Black Canadians in the justice system. A 2020/21 Justice Canada report found that 9% of federal offenders were Black, though they make up only 4% of the population.

    The Black Justice Strategy report, released in June and developed with input from 12 Black-led organizations, proposes measures like reducing Black and Indigenous incarceration by 50% by 2034, easing bail restrictions, repealing mandatory minimums, and providing a taxpayer-funded “safe supply” of drugs.

    It also advocates for decriminalizing possession of a 30-day supply of controlled substances, including heroin, meth, and cocaine, and reallocating 25% of federal police grants to non-police organizations.

    Virani called the report “historic” and essential for building a fairer justice system, but Jivani warned that its recommendations would lead to more crime and disorder, calling the strategy “appalling” in a July social media post.

    Tyler Durden
    Thu, 10/17/2024 – 18:05

  • Albert Einstein & The Folly Of Marxist Sympathies
    Albert Einstein & The Folly Of Marxist Sympathies

    Authored by Kgatlhiso Darius Leshaba via The Mises Institute,

    In the year 1949, the first issue of the socialist publication Monthly Review was released. Within the collection of essays, one stood out in particular. Notably, its author was none other than Albert Einstein. Somewhat misleadingly titled “Why Socialism?” the essay reads more like a critique of capitalism than a justification of socialism. In it, the brilliant physicist lays out his reasons for rejecting private property and briefly sketches out his vision for a moral and just society.

    Now, 75 years after the first appearance of the essay, I believe a critical analysis is in order.

    Einstein begins his essay by justifying his (and other non-economists) right to chime in on the debate about socialism. While I agree with the broad sentiment, the specific points strike me as worryingly naive. The first is that, due to the fact that since the history of most states is one of violence and coercion, conventional economic theory, as a product of the past “predatory phase” of human development, is ill-equipped to “throw…light on the socialist society of the future.”

    This seems to imply that not only should non-economists’ opinions be considered just as valid as professional economists, but that the opinions of economists are tainted by the context of their formation, and thus not adequate to comment on the nature of the future socialist paradise. At some point or another, socialists must come to realize that the nature of their envisioned society must be investigated if they are going to avoid repeating the catastrophes of the 20th-century experiments. An analysis of the incentives of such a system is crucial for evaluating if such a system would indeed serve as an improvement to the current state of affairs. The only field of study with the tools for this is economics, in all its depth and breadth.

    The second point made is one I wholly agree with, that economics as a science cannot choose ends, but can only inform the means for the attainment of desired ends. Thus, the question of what ends should be chosen lies outside the field of economic analysis, but the analysis of the means chosen for the attainment of desired ends is fair game.

    Einstein then goes on to lay out a brief theory of the relationship between the individual and her society. The main point in what he terms the “crisis of our time” is that the willful dissociation of individuals from their group identities leads to a nihilistic isolation for which capitalist societies are to be blamed. Einstein seems to fail in recognizing society as an abstract concept representing numerous individuals and their various interactions, direct and indirect, across time.

    Einstein then goes on to state that the modern individual depends wholly on “society,” however, this isn’t the entire picture. Since society is an abstract sum of individuals, it’s better to (at least partially) disaggregate the concept of society and understand that an individual’s interaction with society is ultimately just an interaction between individuals. One is not in a parasitic relationship with the society they belong to, the relationship is mutualistic. Man does not simply receive “food, clothing, a home, the tools of work, language,” man must also provide something of value to society. It may, therefore, be true that the dependence of the individual on other people’s efforts is a fact of nature, but the opposite—that the relative success of other people’s efforts relies on the efforts of the individual—is true as well.

    Einstein fails to realize that the pushback against the desires of the group often arises from coercive attempts to enforce those desires, rather than from a rejection of interdependence altogether. Einstein even makes the claim that the way people find meaning is by serving the desires of the group. There is an important qualification that is missing here—that if they do decide to serve the desires of the group, it must be voluntary and not coerced.

    Here is where we begin to run into Einstein’s “Marxist” critiques of capitalism.

    We start off with the Marxist exploitation theory, built on the back of the labor theory of value. Einstein says, “…what the worker receives is determined not by the real value of the goods he produces…”

    The first problem we run into is the concept of value. It has been firmly established that economic value isn’t intrinsic, that, “The measure of value is entirely subjective in nature.” Value is not transferred somehow from labor to product. In fact, the direction of the imputation of value is exactly the other way around. The economic value of labor is determined by the value of the final product it aids in producing. Therefore, I agree with Einstein, worker pay isn’t determined by the “real value” of what they produce but only because it cannot be determined by something that doesn’t exist. Einstein also seems to believe in the outdated subsistence theory of wages which had long since been disproven by the time Einstein’s essay was published. 

    Einstein then goes on to cite wealth inequality and the resulting distortion of the political landscape by private special interests. He is correct in that the market economy does not make people equal as there is no reason to expect it to do so. People are different, masters of different skills and trades (trades that are valued differently by consumers), leaving little reason to expect remuneration for their various services to be remotely equal. Rent-seeking doesn’t stop, however, just because resources are centrally controlled. Inequality isn’t unique to capitalism.

    Einstein voices displeasure with the fact that most sources of information (media, education, etc.) are privately owned and sees this a limiting factor in individuals’ ability to make objective decisions and their ability to make effective use of their political rights. One would think that, having had to flee from a state which had taken total control of the media, Einstein would know that the criticisms he levies against private ownership of media and education are more effective against these institutions being centrally controlled. Absent a monopoly, private ownership of the media and schools allows for a pluralistic society, where people are more likely to encounter competing viewpoints, and thus does better in the quest for mitigating misinformation. This makes coming to objective conclusions more likely than if there was a single, centrally-owned and -controlled source of information.

    Einstein then goes on to criticize the profit motive. “Production is carried on for profit, not for use” he says, not understanding the emptiness of his statement. Entrepreneurs produce goods that they believe consumers will find useful in satisfying their desires. If consumers judge the goods produced as useful, they patronize the business and the entrepreneur enjoys a profit. Thus, profit represents the entrepreneur’s success in providing goods and services that consumers find useful and valuable. Saying “production is carried on for profit” is just another way of saying production is carried on for the use of the consumers. I prefer not to comment on the faults of the Marxist theory of business cycles and simply let the record of history prove that there isn’t much of a relationship between the passage of time and the severity of depressions.

    Einstein ends by saying that the only way he sees for eliminating these “evils” is through the establishment of a socialist economy, accompanied by an education system that is oriented towards “social goals.” With little discussion of the mechanisms of such a system, one gets the idea that Einstein hasn’t thought this matter through much. The ownership of the factors of production by “society” and their utilization in a “planned fashion” isn’t even demonstrated to be plausible. We are to take him by his word that such a system would improve our standard of living without any critical analysis. Einstein relegates the possibility of repression at the hands of the state to the final few sentences of his essay, ending with sentiments which echo the claim that state ownership of the means of production is not “real socialism.” Although he raises some pertinent questions, he provides no answers.

    It is telling that many of these same arguments raised by Einstein are raised by disgruntled Zoomers with socialist sympathies.

    It would almost seem as though, as brilliant a thinker as Albert Einstein was, he was unfamiliar with economic theory and evidence that ran counter to the Marxist narrative, much like modern-day naive college socialists. Even where we agree, such as the hand inequality plays in distorting politics, he fails to show that it’s uniquely under capitalism that power dynamics can be skewed.

    This is because none of the criticisms levied can be laid down at the feet of capitalism, merely removing the market economy will not solve the great “evils” but only change the way these evils manifest themselves in society.

    Tyler Durden
    Thu, 10/17/2024 – 17:45

  • We're Told This Is Progress, But It's Actually Anti-Progress
    We’re Told This Is Progress, But It’s Actually Anti-Progress

    Authored by Charles Hugh Smith via OfTwoMinds blog,

    We need a new definition of Progress, and a reset of the mythology guiding our descent into “Anti-Progress”.

    There’s a curious disconnect between our glorification of Technological Progress and our real-world experience. If we step outside the tent of relentless propaganda touting science-fiction fantasies come to life–permanent bases on the Moon, limitless energy from fusion, etc.–we find that rather than everyday life getting better–the core meaning of Progress–we find that everyday life is getting harder. I call this Anti-Progress–the opposite of Progress.

    Buried beneath the thrills of science-fiction fantasies come to life, real life is characterized by the accelerating descent into Anti-Progress.

    Consider a raw carrot. In the current system of Progress, the most important feature of a raw carrot is its low profitability. There is little that promotion, branding or “innovation” can do to persuade consumers to pay more for a raw carrot.

    The most important feature of a raw carrot to the human body is that it is a natural food packed with nutrients and fiber. It is easy to store and transport and can be eaten raw or cooked. It can be eaten alone or mixed into stews, soups, salads and casseroles. A raw carrot is a healthy snack.

    None of this overcomes its terrible, unfixable flaw: it doesn’t lend itself to Progress, i.e. boosting profits. The Progress solution to this inherent flaw is to process the carrot into a product that can be marketed as an advance (i.e. Progress) in convenience, novelty, status and engagement (i.e. dopamine rush / addiction), attributes the consumer will pay more for.

    A few shreds of the carrot are cooked into mush and added to a concoction of potato starch, sugar and low-quality fat that is dyed with artificial colors to match a carrot’s color and marketed as a “veggie snack” (“contains real carrots!”).

    The nutritional value of the product is nil and the health consequences of consuming what is basically a greasy sugary confection are negative. The list of chronic diseases incurred by a diet of such highly processed food is long.

    This engineered snack, deceptively marketed as “veggie” to deceive parents into assuming it is a “healthy snack,” is immensely profitable, and so the system cheers the soaring sales and profits.

    The engagement/addiction aspect of this product is especially pernicious, as it is specifically designed to hijack the human brain’s reward centers much like a powerful drug. Its mouthfeel and heavy doses of sugar, salt and fat activate our hard-wired predilection for what is scarce in the hunter-gatherer diet: salt, fats and sweets. Eating this snack generates an immediate reward: a pleasurable dopamine rush. Bet you can’t just have one.

    Not only is this confection devoid of nutrition, it’s designed to be addictive. As every drug dealer knows, there’s nothing more profitable than an addiction that generates reliable demand.

    This describes not just addictive drugs and processed foods; it describes the whole of consumerism, which carefully cultivates addiction as the defining dynamic not just of Progress but of every-day life.

    Should any consumers lodge a complaint about the deceptively advertised “veggie snack” with the agencies tasked with protecting public health, they will find the corporate lobbyists have neutered public influence by spending whatever sums of money are needed to buy the compliance of regulators, what’s known as regulatory capture.

    The product is declared safe and anyone complaining about the deceptive packaging is told that it’s up to consumers to choose what to buy or not buy: caveat emptor, buyer beware.

    This process of boosting profits by masking the negative consequences is not just rational in the system of Progress, it’s the only path: any CEO who chooses not to maximize profits and buy political influence is fired for incompetence.

    This reveals the pathological nature of organizing an economy and society around promoting a mythology that equates expanding consumption with Progress.

    Anyone who describes the system as it truly is must be marginalized with an accusation of violating the American taboo against negativity. Not finding a silver lining is an unforgiveable sin: just as you must cheer technological Progress, you must be relentlessly positive. An entire library of cheery slogans is at the ready to ensure the proper dose of positive spirit has been administered, no matter how insincerely. If life gives you lemons, make lemonade.

    So when we move to the response to the diseases generated by a diet of addictive processed foods–the immensely profitable market for pharmaceuticals that alleviate the symptoms of the diseases caused by consuming processed foods–we find a happy marriage of profits reaped by generating lifestyle diseases and an equally profitable alleviation of symptoms.

    There are numerous subsidiary winners in this Anti-Progress profit bonanza: university research funded by corporate interests, lobbying firms handsomely paid to dig regulatory moats, politicians harvesting campaign contributions, think-tanks paid to distribute the apologists’ favorite cover-story, “the free market,” speculators scheming to cash in on a heavily hyped initial public offering (IPO), and so on.

    Once we tune in to the siren songs of Progress, we hear them everywhere. The smart phone is a wonder, for what could be better than having shopping, hyper-addictive games and social media at our fingertips, an addictive device that enables access to a wealth of other addictions?

    Just as the consequences of consuming the “veggie snack” are hidden, so are the consequences of glorifying addictive technologies as Progress.

    Healthy human life is constructed of relationships between individuals, families, communities, the natural world and the moral universe.

    Our economic system of Progress severs all these links as impediments to expanding consumption and profits via addiction, obsolescence, insecurity and narcissism. From the perspective of a healthy human life, these are the perfection of Anti-Progress.

    How can soaring rates of diabetes and prediabetes be Progress? Clearly, this is Anti-Progress.

    How can soaring rates of disability be Progress? Clearly, this is Anti-Progress.

    How can soaring rates of metabolic disorders be Progress? Clearly, this is Anti-Progress.

    How can soaring costs of basic healthcare insurance be Progress? Clearly, this is Anti-Progress.

    How can soaring rates of teen depression be Progress? Clearly, this is Anti-Progress.

    How can increasing loneliness be Progress? Clearly, this is Anti-Progress.

    While returning to the Moon and AI apps are touted as “proof” of Progress, real-world life is most accurately described as snowballing Anti-Progress. We need a new definition of Progress, and a reset of the mythology guiding our descent into Anti-Progress. That’s the topic of my new book, The Mythology of Progress, Anti-Progress and a Mythology for the 21st Century.

    *  *  *

    Become a $3/month patron of my work via patreon.com.

    Subscribe to my Substack for free

    Tyler Durden
    Thu, 10/17/2024 – 17:05

  • "The Case Is More Serious": NYT Hid Extent Of Kamala Harris Plagiarism From Their Own Expert
    “The Case Is More Serious”: NYT Hid Extent Of Kamala Harris Plagiarism From Their Own Expert

    Earlier this week journalist Chris Rufo revealed that Kamala Harris plagiarized giant sections of her book on crime, after famed Austrian “plagiarism hunter” Dr. Stefan Weber found that “Kamala Harris plagiarized at least a dozen sections of her criminal-justice book.”

    In response, the New York Times bent over backwards (and forwards) to downplay their preferred candidate’s cut-n-pastery – first casting it as ‘conservative activist seizes on passages‘ from Harris’ book, then totally lying about Rufo’s reporting – which Rufo quickly debunked.

    As part of their propaganda, the Times wheeled out plagiarism expert Jonathan Bailey, who said “his initial reaction to Mr. Rufo’s claims was that the errors were not serious, given the size of the document.

    Except, the Times concealed the extent of the claims from Bailey – who writes in his Plagiarism Today blog: “At the time, I was unaware of a full dossier with additional allegations, which led some to accuse the New York Times of withholding that information from me. However, the article clearly stated that it was my “initial reaction” to those allegations, not a complete analysis.

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    From Bailey’s blog:

    Today, I reviewed the complete dossier prepared by Dr. Stefan Weber, whom I have covered before. I also performed a peer review of one of his papers in 2018.

    With this new information, while I believe the case is more serious than I commented to the New York Times, the overarching points remain. While there are problems with this work, the pattern points to sloppy writing habits, not a malicious intent to defraud.

    Bailey still refers to the plagiarism as nothing more than “sloppy writing habits, not a malicious intent to defraud.”

    Much like it’s not “malicious intent to defraud” when a college student copies Wikipedia word-for-word, then gets expelled?

    What’s more, Rufo implored the Times to look at the entire claim – which they refused to do.

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    Meanwhile, the plagiarism is even worse than reported!

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    Tyler Durden
    Thu, 10/17/2024 – 16:45

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