The post Why People Say the Economy is Bad #32,762: Fees and Insurance appeared first on CEPR.

EU Joins US-Led Pax Silica Alliance To Secure AI Supply Chains

Authored by James Xu via The Epoch Times,

The European Commission, Germany, Greece, and the Netherlands have joined the U.S.-led Pax Silica partnership, expanding a group focused on securing supply chains for artificial intelligence and other critical technologies.

Semiconductor chips on a circuit board of a computer on Feb. 25, 2022. Florence Lo/Illustration/Reuters

The announcement came at a summit in Washington on June 23 hosted by the U.S. State Department. The partnership aims to strengthen cooperation on semiconductors, critical minerals, energy, and advanced manufacturing.

U.S. Under Secretary of State for Economic Affairs Jacob Helberg welcomed the new members.

"The European Union does not join Pax Silica as one more name on a list. It arrives as what it is: the largest single market on Earth," he said.

Helberg highlighted Germany's industrial base, Greece's shipping industry and strategic location, and the Netherlands' longstanding role in semiconductor equipment, where it has long been a key partner.

According to the U.S. State Department, members signed a declaration committing to "mutual prosperity, technological progress, and economic security." The agreement also calls for reducing excessive supply chain dependencies and building trusted technology ecosystems with private industry.

The European Union joined after EU member states authorized the European Commission to sign on behalf of the bloc.

Trusted Supply Chains

Pax Silica was launched in Washington in December 2025. Founding members included Japan, South Korea, Singapore, and Israel, among others. They signed the initial declaration to strengthen cooperation on technologies considered critical to future economic security.

The partnership has grown steadily since then. Members now also include Australia, India, the Philippines, Sweden, the United Arab Emirates, and the United Kingdom. Taiwan has endorsed the initiative's principles through a separate joint statement but is not a formal signatory.

U.S. officials say the partnership is intended to build trusted supply chains among allies. The move forms part of broader U.S. efforts to reduce dependence on China for technologies such as advanced chips, critical minerals, and AI infrastructure.

China currently dominates global rare earth processing, accounting for roughly 80 to 90 percent of refined supply. It also holds a significant share of mining output for several key critical minerals used in electronics and renewable energy technologies.

In April, the United States and the Philippines announced plans for a 4,000-acre economic security zone in the Luzon Economic Corridor to support production for strategic supply chains under the partnership.

This zone is described by officials as the first AI-native industrial acceleration hub under Pax Silica.

Helberg said similar cooperation on critical minerals is under discussion with Kazakhstan, though no agreement has been announced. Such projects mark the initiative's move into practical application.

Further announcements on new members and projects are expected in the coming weeks.

Reuters contributed to this report.

Tyler Durden Sat, 06/27/2026 - 08:10

Zelensky Telegraphs 40-Day Pressure Offensive On Russia, Fueling Fears Of Slide Toward WW3

The Ukraine war is quite obviously escalating, especially regarding Ukrainian leaders seeking to "bring the war" to Russian soil, amid nightly drone attacks which have come in the hundreds and even thousands of late.

President Volodymyr Zelensky is seeking to seize on the momentum of repeat drone hits on Russian refinery and energy infrastructure - a reality Russia has suffered over many months, leading to a current fuel crisis spanning dozens of cities and regions, and especially Crimea, which has temporarily halted fuel sales to common citizens altogether this week.

Ukrainian media is touting a new Zelensky plan to ramp up the pressure on Russia over the next 40 days, aimed at "pressuring Russia to end its war".

Ukrainian Presidential Office

He has ordered Ukraine's State Security Service (SBU) to launch a new 40-day operation, which also includes "plan for long-range sanctions, medium-range sanctions, and the results achieved by the SBU," Zelensky said on X. He's further calling it an "influence operation."

"For several months in a row, the SBU has demonstrated the highest performance in defending Ukraine’s positions on the front lines through the use of various types of drones," Zelensky said on Thursday evening. According to more of the statement:

I approved a 40-day influence operation for the Service against the aggressor state aimed at compelling it to end the war.

Importantly, for several months in a row, the SSU has demonstrated the highest performance in defending Ukraine’s positions on the front lines through the use of various types of drones. The Center of Special Operations “Alpha” leads in terms of the occupier’s personnel and equipment neutralized.

Earlier, in mid-June, Ukrainian Defence Minister Mykhailo Fedorov proclaimed  "Hell is beginning," for Russia and its military. "Logistics are being cut off. Crimea is being isolated," he said at the time.

Ukraine's asymmetric warfare against Russia's much-larger and better armed military machine is in a significantly better position than the status of a year or so ago. Russian forces still have the upper-hand on the front line in the east, but the pain clearly being inflicted on Russia's economy can't be ignored at this point.

This sets up a potential slide into tit-for-tat escalation which could unleash a WW3 scenario. In the meantime this is an interesting-timed warning from Latvia and Poland:

Western intelligence agencies are increasingly concerned that Russia may be preparing a limited hybrid operation targeting NATO's eastern flank, potentially involving the Baltic states or Poland.

Such a move, officials believe, could be an attempt to test the alliance's unity as the war in Ukraine enters a new phase.

According to reporting by The Guardian, intelligence officials from two NATO countries have warned that Moscow is considering a "provocation" rather than a full-scale military attack.

Report by Major General Yevhenii Khmara on our long-range sanctions plan, mid-range sanctions, and the results of the Security Service of Ukraine – specifically the Center of Special Operations “Alpha” – on the front.

I approved a 40-day influence operation for the Service… pic.twitter.com/Ue6O21i6xH

— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) June 25, 2026

At the moment inside Russia, many regions of Russia seem powerless to stop Ukraine's inbound drone waves, given also that conventional air defenses are set up to defend primarily against larger, faster-moving projectiles like missiles or jets.

President Trump has lately suggested that Ukraine is doing well in the war, or at least much better than it once was. Kiev now feels the pressure to keep this narrative going, also so it can attract more and more weapons and intelligence help. But at some point Russia will feel it necessary to strongly reassert its red lines. This could come in the form of another massive escalation, and against 'decision-making centers'.

Tyler Durden Sat, 06/27/2026 - 07:35

When Extremists Run The Government

Authored by J.B. Shurk via American Thinker,

Two can certainly play the “extremist” game...

Politicians, government bureaucrats, central bankers, spy agencies, and mainstream news outlets lie to us every day.  

For some people, the previous sentence is patently obvious.  For others, that sentence represents “fringe” thinking.  For certain law enforcement agencies in North America and Europe, that sentence reveals potentially dangerous “extremism.”

“Extremism” is such a morally squishy word.  It means nothing.  It suggests that the average beliefs of the average person in the average part of an average town are, on average, correct.  Should a person’s beliefs move too far away from the “average,” then that person will eventually fall into the “extremist” abyss.  Of course, the average person long believed that the sun and planets revolved around the Earth.  The average person long believed that bloodletting cured disease. The average person long believed in magic.  Relativity, microbiology, atomic physics, and quantum mechanics belonged to the “extremists.”

Defining “extremism” depends upon which populations are included when calculating an “average.”  To the average American, Islamic terrorism is religious extremism.  To the average jihadi in the Middle East, terrorism is part of the Islamic faith.  One man’s “extremist” is another man’s “religious cleric.”  Unsurprisingly, as more jihadists migrate to America, the more supportive of Islamic terrorism the Democrat Party becomes.  We now have several Hamas-supporting members of Congresswho define Americans opposed to Islamic conquest as “extremists.”  For a decade, Americans were told to be on the lookout for Islamic terrorism: “If you see something, say something.”  Now, if you see something and say something, you will most likely be denounced as an “Islamophobic bigot.”  If the definition of “extremism” can shift 180 degrees since the Islamic terror attacks on September 11, 2001, then “extremism” is a nebulous political label.

In the United States, citizens overwhelmingly support federal legislation that would require photo ID, proof of citizenship, and other safeguards to ensure that elections across the country are free, fair, lawful, constitutional, and secure.  

Democrats and anti-Trump Republicans in Congress prefer to maintain the current “on your honor” system that can be gamed to permit large-scale vote fraud and rigged elections.  By any polling measure, Congress’s point of view is far from that of the average American.  Members of Congress, in other words, are the extremists!  If you listen to the extremists in Congress, however, our elections have never been more secure.

In fact, when you look at some of the most important policy issues today, it becomes quite clear that Congress is ground zero for extremism.  

Most Americans want Congress to stop spending more money than it receives in taxes; Congress has put us forty trillion dollars in debt.  Most Americans want secure borders and an end to illegal immigration; Congress has enabled an evil human trafficking system to exist for over fifty years that rewards criminals and has flooded the country with somewhere between fifty and a hundred million (nobody knows for sure!) illegal aliens.  Most Americans are concerned about lowering fuel and food prices; Congress has wasted trillions of dollars on “Green New Deal” scams that raise the household costs for fuel and food.  Most Americans believe that college admissions and job hiring should be based on a person’s merit, skill, character, knowledge, and hard work; Congress continues to divide Americans by the color of their skin and their sexual eccentricities.  Most Americans believe that men and women are biologically distinct; Congress pretends that biological sex is an imaginary social construct.  Most Americans believe that a dollar saved today should maintain the same value ten, fifty, or even a hundred years from now; Congress thinks printing and spending dollars, depreciating the U.S. currency, and artificially spiking the dollar-denominated valuation of stocks, homes, and other assets is the best way to fake a constantly “improving” economy.  Most Americans believe that we should refrain from military engagements overseas whenever possible; Congress can’t ever get enough of forever-wars.  Most Americans want their representatives to work for American citizens; Congress believes it should work on behalf of non-Americans all over the world.  Most Americans view their country as a nation; Congress views the United States as both a global empire and a home for every person on the planet.

On the most important issues, Congress is filled to the brim with extremists.  They should be put on official security lists and monitored whenever they travel more than fifty feet from their taxpayer-financed homes.  Instead, in the United States and throughout the West, the extremists run things.

That would explain why Christians are targeted for their beliefs.  That would explain why the governments of Europe and North America have flooded their countries with unassimilable malcontents from the third world.  That would explain why men are allowed into women’s restrooms and why pedophiles are accorded more respect than heterosexual married couples.  That would explain why Western governments have declared war on “climate change” when most people don’t care about elites’ obsession with the weather.  That would explain why so many European and North American politicians are willing to risk a nuclear war with the Russian Federation, while ordinary citizens have never been less willing to fight for the defense of their respective countries.

Perhaps the more that ordinary Westerners realize that it is the people running their governments, universities, and bureaucratic institutions who are most extreme, the less willing they become to do what those extremists say.  Six years ago, the extremists locked down the world because of COVID.  They closed churches, bankrupted businesses, disrupted childhood education, prevented family members from being together, and killed a lot of people with fake “vaccines.”  If public health extremists tried to pull another COVID today, would ordinary Westerners do what the politicians and bureaucrats say?  Or would Western citizens conclude that extremist governments endanger both their lives and liberties?

Two can certainly play the “extremist” game.  Two-hundred-fifty years ago, the British Empire believed the patriots of America’s thirteen colonies to be extremists.  The patriots disagreed.  They considered it extreme for members of Parliament to make decisions on their behalf while residing 3,500 miles away.  The two sets of “extremists” fought it out, and we American “extremists” now celebrate July 4 as Independence Day.

My question is this: How much longer can the governments of Europe and North America continue to ignore the wishes of their national populations before we find ourselves in a situation where there is an explosion of public declarations of independence from the political and bureaucratic extremists who have ruined people’s lives?  For, as much as Western governments appear to be betting on mass surveillance, central bank digital currencies, censorship, propaganda, and technocratic oppression as weapons of control to help maintain power well into the future, there’s nothing so unpredictable as a fed-up populace ready for a little revolution.  When enough people recognize themselves as average representatives of the public will and their government officials as extremists representing only their own interests, things get interesting.  Being labeled an “extremist” by government extremists means nothing.

One might even ask: Isn’t globalism tantamount to extremism when a politician puts other nations’ interests ahead of his own?  Surely, when a government official undermines the nation he serves by championing open borders policies or wasting taxpayer dollars on “climate change” boondoggles at the U.N., that official deserves to be labeled an “extremist.”  Globalists certainly don’t represent the average North American or European citizen.  But they do represent the average cosmopolitan bureaucrat who sees no country as home.

In a world of nations whose populations require different things, globalism is extremist.  

In a world of varying cultures and competing beliefs, forced multiculturalism is extremist.  

In a world where some people wish to be free, international government is extremist.

Fighting for liberty is not extremist.  It is government tyranny that is extreme.

Tyler Durden Sat, 06/27/2026 - 07:00

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads:

• Pixar’s $6 Billion Lunch: In 1994, the Pixar team had a work lunch that created ideas for 6 films (which have grossed $6 billion at the box office). (Trung Phan)

• How Eli Lilly Got Huge By Making Us Thin Dave Ricks steered the 150-year-old drug giant to a $1 trillion market cap. Can he defeat pharma’s boom and bust cycle? Bloomberg’s companion feature on the weight-loss gold rush reshaping a 150-year-old drugmaker. The other half of the Lilly story. (Businessweek) see also What’s the deal with … microdosing Ozempic? Microdosing of weight-loss drugs like Ozempic has gone viral, with online advocates claiming reduced side effects and lower costs than standard prescriptions. Medical experts warn there’s no scientific evidence supporting microdosing, and the term “microdose” lacks a clear definition in the medical community. For those who choose to take low-dose GLP-1s, a medical expert also advises seeking out continuous, certified care. (Los Angeles Times)

• He Runs the World’s Biggest Sovereign Wealth Fund, but His Podcast Made Him Famous: He manages Norway’s trillion-plus and somehow finds time to interview CEOs for a hit show. Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle. An unusually likeable profile of a very serious job. Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle. (New York Times)

• Semiquincententacles: The US grip on markets on the 250th anniversary of the Declaration of Independence.  Behold the Aquilaceph, half-bald eagle and half-octopus. On the semiquincentennial 250th anniversary of the US Declaration of Independence, this imaginary beast is a metaphor for the continued US grip on financial markets. In this special issue we look at the details: US reserve currency status, capital flows, the much anticipated but still unprofitable “Sell America” trade, US corporate profitability and productivity in the age of AI, investing in Security & Resilience, equity market concentration, energy independence and the revival of the US IPO market. ( (Eye On The Market; Michael Cembalest, J.P. Morgan Asset Management)

• A Philosophy of Home: The household is a community, as much as the state, and ancient philosophy had much more to say about it than we think. (Aeon)

• The U.S. Went to War to Take Away Iran’s Superweapon. It Gave Iran a New One. Trump lost the country. The U.S. lost a half-hearted war. Israel lost an ally. The Middle East lost the illusion of security. Asia lost growth. Global trade lost a dependable artery. Thompson on the law of unintended consequences, wartime edition. A bracing counter-narrative to the mission-accomplished framing. Trump lost the country. The U.S. lost a half-hearted war. Israel lost an ally. The Middle East lost the illusion of security. Asia lost growth. Global trade lost a dependable artery. (Derek Thompson) see also How Iran Devastated an American Naval Base—and Caused a U.S. Recalculation: Satellite imagery reveals for the first time the extent of what Iran destroyed at Naval Support Activity Bahrain. The strike on Bahrain that reset Washington’s assumptions. Hard reporting on a war whose consequences keep widening. (Wall Street Journal)

• Who Is America’s Homer? If England has Shakespeare, Spain has Cervantes, Italy has Dante, and Russia has Pushkin, then who do we have? Do we have a great poet who captures the American spirit, the American story, the American identity? We asked a posse of authors and poets to send us their votes. Plough asks who, if anyone, plays the role of national epic poet for the United States. The candidates are predictable; the discussion is sharper. (Plough)

• Paradise Revisited: What Darwin saw in the Galápagos. The Galápagos Islands owe their place on rich travelers’ bucket lists to the vision of them as an unfallen Eden, touted as “the laboratory of evolution” that inspired Charles Darwin to write “On the Origin of Species.” When he visited, humans’ presence here was limited to whalers, buccaneers, and political prisoners. Today, more than 300,000 people visit the archipelago each year. Every tourist desperate to see an untouched paradise is part of a constant influx that risks despoiling the very thing they came to see. (The Atlantic)

• How a single atom contains the entire quantum: Universe By probing the Universe on atomic scales and smaller, we can reveal the entirety of the Standard Model, and with it, the quantum Universe. Ethan Siegel walks through why a single hydrogen atom encodes most of quantum mechanics in miniature. Pedagogically lovely. By probing the Universe on atomic scales and smaller, we can reveal the entirety of the Standard Model, and with it, the quantum Universe. (Big Think) see also A Dark Dimension Could Link Two of the Universe’s Great Unknowns: Recent observations suggest that dark energy is changing over time. Theorists wonder if dark matter is, too. Quanta on a theory that ties dark matter to dark energy through an extra, very thin dimension. Reliably the best physics writing going. (Quanta Magazine)

• Sports Have Made Us Insane: From Knicks snobs gatekeeping fandom to the nastiness of UFC, GQ columnist Chris Black wonders what it is about sports that brings out the crazy in us. On fandom, gambling, and the takeover of every waking hour by the discourse. A diagnosis a lot of us will recognize from the mirror. (GQ)

Video of the day: How China Plays the Long Game Against USA

Be sure to check out our Masters in Business next week with Carl Richards, a financial advisor who is also the creator of the Sketch Guy column, which ran weekly in New York Times for a decade. He hosts Behavior Gap Radio (1,300+ episodes) He co-hosts “Kitces & Carl — Real Talk for Real Financial Advisors” with Michael Kitces.” Richards latest book is Your Money: Reimagining Wealth in 101 Simple Sketches.”

 

Youngest kids don’t prioritize sports yet, but there are proven solutions to build their love

Source: Sports Business Journal

 

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~~~

To learn how these reads are assembled each day, please see this.

 

The post 10 Weekend Reads appeared first on The Big Picture.

US Strikes Iran In Retaliation To Hormuz Ship Attack

Update (5:00pm ET): As was expected, the US retaliated against Iran one day after Tehran struck a commercial ship in the Strait of Hormuz, a tit-for-tat exchange similar to one observed a week ago, and one which threatened to break the two countries’ fragile ceasefire although we doubt there will be further escalation.

US Central Command said that American aircraft on Friday hit Iranian missile and drone storage sites as well as coastal radar installations, reportedly on Sirik Island located near the Strait of Hormuz, calling it a “powerful response to yesterday’s attack.”

U.S. aircraft struck Iranian missile and drone storage locations and coastal radar sites after Iran hit M/V Ever Lovely on June 25 with a one-way attack drone. The Singapore-flagged cargo ship was exiting the Strait of Hormuz along the Omani coast at the time of Iran’s attack.

The unwarranted aggression against commercial shipping by Iranian forces clearly violated the ceasefire. Furthermore, Iran’s dangerous behavior undermined freedom of navigation as commerce increasingly flows through the vital international trade corridor.  

CENTCOM forces continue to provide safe passage coordination and support to commercial vessels transiting the strait. The U.S. military remains present and vigilant to ensure all aspects of the agreement with Iran are adhered to, obeyed, and in full force and effect.

Fox reporter Jennifer Griffin said that according to senior US defense officials the strikes on Iranian targets are "ongoing" right now.

According to unconfirmed reported from military bloggers, there is currently intensified U.S. military air activity is now underway over the Gulf of Oman and the Persian Gulf, with 6 U.S. Air Force aerial refueling tankers operating alongside a U.S. Navy P-8A Poseidon maritime patrol aircraf

On Thursday, the Singapore-flagged container ship Ever Lovely sustained damage from what the US said was a one-way Iranian attack drone. The incident irked President Donald Trump, who said earlier Friday that “I don’t like the fact that they took a shot.”

“They shouldn’t be doing that,” Trump told reporters at the White House.

Earlier on Friday, he wrote on Truth Social that the Iranian attack was "a foolish violation of our Ceasefire Agreement

Since signing a 60-day truce last week, Trump has said that he would resume fighting against Iran if Tehran violates its terms, which provides for the flow of vessels through the vital waterway and talks over its nuclear program in exchange for sanctions relief.

The question now is whether the resumption of strikes will slow progress toward restoring shipping traffic in the vital energy thoroughfare to pre-war levels. Washington and Tehran were able to agree to an interim peace deal last week despite trading strikes in the lead-up to that document being finalized.

But the two sides continue to clash over key provisions of the deal, including whether Iran will impose tolls or other monetary costs on ships seeking to sail through Hormuz. Oman told European officials that vessels may ultimately have to be charged some fees, Bloomberg reported earlier.

Now we wait to see if Iran responds militarily, although we doubt it as the entire operation has a smell of coordinated, jointly orchestrated activity to throw red meat at the respective bases, especially after Iran's revolutionary guards said US forces attacked Sirik Island, and Iran "successfully repelled the attack."

• *IRGC: IRAN IS RESPONDING TO US ATTACKS NEAR STRAIT: ISNA
• *IRGC SAYS IRAN 'SUCCESSFULLY REPELLED' US ATTACK: ISNA

Finally, Fox News tweeted that "military strikes targeting Iran are complete for tonight."

And with that, the show is over. 

* * * 

Update (11:55am ET): While today's announcement by Dubai that the UAE was under missile attack proved to be a false alarm, the US ceasefire it nonetheless becoming increasingly unstable. Following yesterday's attack by Iran drones on a cargo ship next to Oman, we were wondering how long until Trump responds (and how), and he did just that moments ago when he posted on Truth Social that Iran shoting "at least four One Way Attack Drones at Ships transversing the Strait of Hormuz" is "a foolish violation of our Ceasefire Agreement." 

However, Trump's post follows earlier reports that the US and Iran had set up a deconfliction hotline involving precisely such events in the Gulf, so we doubt that there will be much if any follow through from this latest round of jawboning, especially now that Trump is set on maintaining the flow of oil through Hormuz as much as possible, which has allowed oil to tumble to pre-war levels.

* * * 

With each week and month that passes since the start of Trump's Operation Epic Fury, more and more reports have come out revealing the massive extent of damage to US military facilities in the Mideast region based on Iran's retaliation across the region. 

This is often based on fresh satellite imaging and analysis, despite US government pressure for these research entities to refrain from publishing such data, and to censor open source photographs. After a series of deep investigative reports, it has been proven time and again that the Pentagon and Washington officials have been downplaying and covering up the real extent of devastation caused by Iranian missiles and drones.

More fresh reporting in the Wall Street Journal once again adds confirmation to this, referencing satellite imagery which shows far more serious damage at a key naval base in Bahrain than the US has publicly acknowledged.

WSJ featured newly publicized images of whole US military command & communications buildings belonging to the US Navy in Bahrain obliterated, via AIRBUS

The damage is said to be bad enough that the Pentagon is mulling shrinking its troop presence there and elsewhere in the Gulf, including a potential reduced troop footprint in Kuwait and Saudi Arabia. Iran is hailing this reported pullback as a significant strategic victory produced by its retaliation.

Unnamed officials were cited in the report as saying American forces could retreat as far westward as Israel, after some bases essentially became unusable or uninhabitable altogether.

Concerning the Bahrain base details, WSJ writes:

The U.S. Navy base in Bahrain was repeatedly targeted between late February and June. Strikes that got through caused extensive damage, according to a Wall Street Journal analysis of satellite imagery, social-media footage and interviews with current and former servicemembers—damage that the Pentagon hasn’t publicly acknowledged. Hit hard were the command headquarters and at least a dozen other buildings, along with two satellite communications terminals. 

The military said no one was killed at the base, known as Naval Support Activity Bahrain, and that the strikes didn’t significantly impact operations. The U.S. evacuated most personnel but has kept a small staff on the ground. 

Notably in Bahrain the headquarters building for the US Navy in the Middle East was struck and seriously damaged, along with sensitive communications centers being destroyed.

But here is a key, somewhat unexpected line in the Journal report: "The extensive damage done to America’s sole naval base in the Middle East - along with hits to at least 20 U.S. sites across the region, including military installations and diplomatic facilities - has the U.S. re-evaluating its entire footprint in the region, according to U.S. officials familiar with the deliberations.

This means that damaged structures and bases may not be rebuilt at all, and the sites may just be abandoned as future key US military hubs, WSJ says.

The draw-down of expensive Pentagon comms centers could include from Bahrain: "The military is now considering revamping the base in Bahrain, reducing the U.S. presence in Kuwait and Saudi Arabia and moving some bases or base functions west, farther from the reach of Iranian missiles and drones, according to the officials familiar with the deliberations," WSJ writes.

Reconstruction costs would be staggering, per the same report:

The Center for Strategic and International Studies estimated in a report published Tuesday that the total cost of the war was about $40 billion. That estimate included their calculus of $2.2 billion to $5.1 billion in damage to U.S. bases, based on structures that CSIS identified as damaged. 

The Journal used satellite images and social-media footage to identify which buildings on the Bahrain base were damaged. To estimate what it would cost to construct buildings of the same types today, the Journal reviewed a publicly available Defense Department cost model as well as procurement reports. The estimates only cover construction, and don’t include other costs that ​could factor into the total if the buildings were to be rebuilt, such as debris removal and reinforcement. ​ 

*Report: Iranian Strikes Damaged Key U.S. Naval Base in Bahrain During War - Wall Street Journal*

* A new report says Iranian missile and drone attacks caused significant damage to the U.S. Navy's headquarters in Bahrain and other military facilities.
* The attacks are… pic.twitter.com/59uS1hQ4pm

— Global Osint (@GlobalOsintNew) June 26, 2026

"The estimated construction costs at NSA Bahrain totaled about $400 million," it continues. But ultimately a draw-back from these locations would be based on the proven reality that Iran can easily hit them at any time.

Some further implications to all this are that in any future flare-up or even return to all-out war between the US and Iran, American forces would find themselves executing a conflict much further away from the theatre itself. For example, dozens of major Air Force refueling tankers have already had to be relocated far away from the Gulf, to places like Tel Aviv. Many were destroyed in the opening weeks of the war while parked at Gulf airfields, clearly over-exposed as it seems Iran knew exactly where to target.

Back in late March, US officials admitted to the NY Times that Iran's significantly retaliation damaging US bases was "a war that is much harder to prosecute."

Tyler Durden Sat, 06/27/2026 - 06:15

Russia's Lavrov Admits That Anchorage Only Bought Time For Ukraine To Rearm

Authored by Andrew Korybko,

Lavrov sheepishly said during a roundtable event last week that “I do not even want to suspect that Alaska, like the actions of the Europeans, was designed to buy time to rearm the Kyiv regime. I don’t even want to think about it. But in reality, things turned out the way they did.”

 

This came three and a half years after former German Chancellor Angela Merkel admitted in December 2022 that the Minsk Accords were just a ruse to buy time for Kiev to rearm.

Putin famously responded a month later that “We endured for a long time, tried to reach an agreement for a long time. But, as it turns out now, we were simply led by the nose, deceived. It’s not the first time this has happened.” Given that he cautioned Russia’s strategic forecasters against indulging in “wishful thinking” during a speech at the headquarters of his country’s Foreign Spy Service in summer 2022, it was widely assumed among “Non-Russian Pro-Russians” that he wouldn’t fall for a similar ruse.

Lo and behold, that’s precisely what happened after Trump reneged on the “Spirit of Anchorage”, which an RT contributor described as him having agreed to coerce Zelensky into withdrawing from Donbass in exchange for Putin then declaring a ceasefire. It’s a matter of speculation whether Trump intended to dupe Putin or whether he just caught too caught up in retrospect planning Maduro’s capture and the Third Gulf War. The outcome, nevertheless, is the same since Trump didn’t do what he promised Putin.

Trump is now “escalating to de-escalate” through a “war of attrition” because he senses weakness from Russia due to the new “cordon sanitaire” around it and thus believes that strengthening Ukraine’s strike capabilities, imposing more sanctions, and provoking unrest can coerce energy-related concessions. The Wall Street Journal reported on the aforementioned three-phase strategy last fall so Russia would have presumably been aware of it but still maintained hope that Trump would implement his deal with Putin.

This “wishful thinking” has now been shattered after he signed the G7 joint statement calling for more arms to Ukraine and sanctions on Russia, which preceded a report that he told Zelensky to act “more boldly” against Russia after being impressed by its recent US-backed strategic strikes. To be sure, Russia had realized even before this that something was wrong after Putin’s close advisor Yuri Ushakov played dumb about the “Spirit of Anchorage” last month, but now it’s indisputable that it no longer exists.

Seeing as how there’s no longer any credible hope that Trump will coerce Zelensky into withdrawing from Donbass by cutting off arms, funds, and intel to Ukraine, not even in exchange for a resource-centric strategic partnership with Russia, only three options remain for Russia.

1. It can either decisively “escalate to de-escalate” in its own right to swiftly end the conflict on as many of its terms as possible,

2. carry on as usual amidst this new “war of attrition” at tremendous risk to itself,

3. or freeze the conflict.

Unless he’s bluffing about “escalating to de-escalate” and abruptly implements his half of the “Spirit of Anchorage”, which is unlikely after all that’s recently happened, then it would mean that the past year since their meeting achieved nothing at all other than getting Russia’s guard down. Even if they agreed on that quid pro quo, however, Russia would have probably kept the same tempo. Now that its “spirit” is discredited, Russia has the pretext for ramping everything up, but it’s still unclear whether Putin will.

Tyler Durden Fri, 06/26/2026 - 23:25

The Average Asian American Household Makes More Than Double That Of Blacks

Median household income differs significantly across racial and ethnic groups in the United States, with one group sitting well above the rest.

In 2024, Asian households reported a median income of $121,700, nearly $30,000 higher than White alone, non-Hispanic households and more than double the median income of Black households.

These differences reflect a mix of factors, including education, geography, occupation, household composition, immigration patterns, and historical inequalities.

This graphic, via Visual Capitalist's Bruno Venditti, ranks median household income by race and Hispanic origin in 2024, using inflation-adjusted dollars.

The data for this visualization comes from the U.S. Census Bureau.

Asian Households Lead by a Wide Margin

Asian households had the highest median income in 2024, at $121,700. This was well above every other group shown in the Census dataset.

White alone, non-Hispanic households ranked second, with a median income of $92,530. Hispanic households followed at $70,950.

American Indian and Alaska Native households had a median income of $59,050, while Black households had the lowest among the listed groups at $56,020.

Asian households had a median income that was $29,170 higher than White alone, non-Hispanic households in 2024.

This group has ranked at the top of the dataset for every year shown, from 2002 to 2024.

It is important to note that these are median household figures, not individual earnings. Household income can be affected by the number of earners in a household, local cost of living, age distribution, educational attainment, and where people live and work.

A Persistent Income Gap

The gap between the highest and lowest median household incomes was $65,680 in 2024.

That difference compares Asian households at $121,700 with Black households at $56,020. In practical terms, the top group’s median income was more than double the lowest group’s.

The long-term trend also shows that these gaps have persisted across multiple economic cycles. While incomes have generally risen since 2002 in inflation-adjusted terms, the distance between the highest- and lowest-income groups remains substantial.

Hispanic Household Income Continued to Rise

Hispanic households had a median income of $70,950 in 2024.

That was up from $67,240 in 2023, and well above the 2002 level of $54,670 in 2024 dollars.

The Census Bureau defines Hispanic as people of Hispanic or Latino origin, regardless of race. This means Hispanic households can include people who identify with any racial group.

If you enjoyed today’s post, check out Number of Indian Tribes in the US on Voronoi.

Tyler Durden Fri, 06/26/2026 - 23:00

The Other Problem With Socialism

Authored by Chris Talgo via American Thinker,

In 1976, Margaret Thatcher said during a television interview, "Socialist governments traditionally do make a financial mess. They always run out of other people's money."

Over the years, that quote has been whittled down to the renowned proverb: The problem with socialism is that you eventually run out of other people's money.

This is a powerful argument against socialism. Even better, it has been validated time and time again, most notably when the Union of Soviet Socialist Republics collapsed in 1991. The Soviet Union was an economic basket case, and the whole world witnessed its demise.

But socialism has an even bigger problem: it is immoral.

Even if it did somehow work efficiently and effectively at an economic level, it would still be immoral.

A broad definition of "moral" is "conforming to a standard of behavior that is considered right and good by most people." Morality is synonymous with truth, honor, honesty, fairness, righteousness, and virtue.

Immorality is the antithesis of morality. It is synonymous with wickedness, callousness, evil, sin, vileness, viciousness, darkness, and ruthlessness.

Socialism, in its depraved but effective way, appeals to people's worst instincts and impulses. It presents the world as a zero-sum game in which there are winners and losers. It pits groups of people against each other based on arbitrary measures. For the narrow-minded, it makes sense.

It embodies most of the seven deadly sins.

Pride: Socialists have zero humility because they reject the fallibility of humanity. They can micromanage an entire society. They can create a centralized, one-size-fits-all, command-and-control utopia. They know all and know best.

Envy: Taking one's property because they have too much to give to others who have less is not noble; it is theft. Stealing with state-sanctioned approval is unjust. The sheer resentment that some have more, better, or bigger material possessions is the driving force of socialist ideology.

Wrath: Socialist doctrine fuels anger, rage, violence, and a desire for vengeance against the so-called oppressors. Instead of mimicking the successful, the people turn their ire toward them.

Sloth: Because socialism is about passing the buck and the blame, it excuses idleness and promotes laziness. It allows one to shirk personal duties and retards personal growth.

The above is far from a comprehensive list of socialism flaws or features, depending on where one sits on the moral relativity scale.

For those who outright reject moral relativism, deconstructionism, postmodernism, and critical theory in favor of universal truth, reason, logic, and fairness, socialism is obviously not up your alley.

Alas, for millions of Americans, especially Americans born after the Cold War, socialism has been branded very differently. Socialism has been presented to them with a smile. For America's youth, socialism is like a happy meal because it brings nothing but joy.

I know this from first-hand experience in several public schools over the years. It is no big secret that the K-12 education system leans left.

However, it is a well-kept secret that young Americans have been, and are being, indoctrinated that socialism is just, fair, and good in public schools. In the meantime, they are being purposely miseducated about American history, especially the nation's founding.

Such is why young Americans are champing at the bit to vote for socialists.

The left's long march through the institutions has created a culture that champions socialism under the misguided assumption that it is moral.

This is incredibly dangerous because these young minds are also unaware that socialism, as Thatcher said, leads to bankruptcy.

If socialism can be rebranded as morally wholesome despite its undisputed track record of mass murder, misery, and poverty, it can rise from the ashes in the United States.

It would be tragic if the United States, which fought on the side of freedom throughout the Cold War, succumbed to socialism in the end. I worry the rising tide of suicidal empathy, coupled with a lack of knowledge about socialism's history and sheer immorality, could bring a socialist revolution to the United States. I hope I am wrong.

Chris Talgo (ctalgo@heartland.org) is editorial director at The Heartland Institute.

Tyler Durden Fri, 06/26/2026 - 22:35

Trump Expands Critical Minerals Push With Army Bases

The Trump administration is taking another step to strengthen the nation's critical minerals supply chain, announcing plans to build a series of mineral processing facilities on U.S. military bases through partnerships with private industry, according to Bloomberg.

The initiative marks the first time commercial mineral processing operations will be located on Army installations.

The U.S. Army said it has reached preliminary agreements with REalloys, Titan Mining, EnergyX, and Australia's ioneer to develop facilities that will process rare earth elements, graphite, lithium, and boron. REalloys is slated to build a rare earth separation plant at the Tooele Army Depot in Utah, while Titan Mining will establish a graphite purification facility at either Pine Bluff Arsenal in Arkansas or Anniston Army Depot in Alabama. EnergyX will develop a lithium processing facility, and ioneer will construct a boron plant.

Bloomberg writes that the projects are part of a broader push by President Donald Trump to rebuild America's domestic critical minerals industry and reduce reliance on overseas suppliers, particularly China, which dominates much of the global processing market. Critical minerals are essential for military equipment, electric vehicles, semiconductors, renewable energy systems, and a wide range of consumer electronics.

Unlike traditional government subsidy programs, the Army said these agreements require the companies to pay for and carry out infrastructure improvements at the military bases in exchange for operating rights. The Pentagon expects the facilities to provide the military with more reliable access to strategically important materials while expanding U.S. processing capacity. Construction could begin as early as 2027, with production expected to come online in 2028.

The announcement follows a series of recent moves by the administration to boost domestic mineral production through loans, investments, and strategic partnerships. Those efforts have accelerated as geopolitical tensions with China continue to reshape global supply chains, with both countries taking steps to secure access to the raw materials increasingly viewed as essential to national security and advanced manufacturing.

Tyler Durden Fri, 06/26/2026 - 22:10

Psychology Journal Under Fire For Retracting Publication Challenging Claims Of Racism

Authored by Jonathan Turley via JonathanTurley.org,

We have previously discussed academic journals canceling publications that challenge the orthodox views of mainstream scholars. The latest such example can be found in the Journal of the New Zealand College of Clinical Psychologists, which pulled the 2025 article of Arna Mitchell who questioned claims that psychology as a field is a tool of "white power." The editors reportedly declared that such conclusions are "inconsistent" with the publication's "values."

Dr. Kumari Valentine, a psychologist and former editor of the journal, wrote an article raising concerns over the retraction: "The reason given for the removal was not research fraud, plagiarism, ethical misconduct, or factual error. Rather, the NZCCP Council determined that retaining the article was inconsistent with the values of the College and could perpetuate harm to Māori."

The article, "He Wero Ano: Don't Just Tell Me, Show Me How Science and Psychology Are Racist in New Zealand," took issue with the "broad," unsubstantiated claims of systemic racism in "psychology across all levels of the discipline," including that "science itself is a social construct of white Europeans" and "white power."

Mitchell, a Māori woman herself, also took issue with the view that tribal "ways of knowing should be given equal weight to scientific ways of knowing in the training and practice of psychologists in New Zealand."

One would think that such a viewpoint, particularly from a Māori woman, would, at a minimum, be welcomed as a provocative and interesting perspective. However, various readers were less interested in reading it or even responding to it. They campaigned to cancel it.

Some did respond, saying they felt the critique was based on a misunderstanding of Kaupapa Maori psychology. That should also be a welcome perspective in allowing a free exchange of viewpoints on the subject.

Some faculty have cried foul, calling the cancellation raw censorship.

This is reminiscent of the controversy at the Emory Law Journal and the firing of an editor at JAMA.

These controversies are a reflection of the viewpoint intolerance that has taken hold of much of academia, supporting groups, and journals.

Journal retracts paper skeptical of 'white power' in psychology, says it conflicts with 'values'

Tyler Durden Fri, 06/26/2026 - 21:45

Rebound In Used Luxury Watches Continues

During the COVID-era flood of free money, from stimulus checks to the Federal Reserve's zero-interest-rate policy, luxury watch prices skyrocketed to the moon. But once that liquidity boom faded and interest rates were pushed sharply higher to rein in the inflation monster fueled by helicopter money, the secondary luxury market slid into a multi-year correction.

Over the last year and a half, however, that downturn appears to have bottomed out (see here and here), with prices continuing to rebound.

The Bloomberg Subdial Watch Index, which tracks prices for the 50 most-traded watches by value on the secondary market, bottomed in January 2025, about 1.5 years ago, and has been tracking higher ever since.

• Subdial's used Rolex index bottomed around $11,000 in January 2025 and has since rebounded to nearly $12,000.
• And used Audemars Piguet watch prices.

A more granular look at the used Rolex watch index shows the Rolex Submariner Date ...

... bottomed in the summer of 2025 at around $9,800 and has marginally increased to about $10,200 this month - still far from the $13,500 COVID-era highs.

However, price action across the luxury watch market has not been uniform and largely depends on shifting consumer tastes and the interest rate environment. 

Great reads:

• The Watches Of Operation Epic Fury
• The Real Watches Of Venezuelan President Nicolas Maduro

Industry insights: 

• Did Gen-Z Just Get A Taste For Fancy Used-Watches
• "Winner Takes All": UBS Speaks With Swiss Watch Industry Insider On "Stabilizing Market"

In recent weeks, Audemars Piguet and Swatch launched an affordable $400 pocket watch that generated massive consumer demand - mostly because of the price point.

Tyler Durden Fri, 06/26/2026 - 21:20

Virginia School District Sued Over Concealing Student 'Gender Transitions' From Parents

Authored by Bryan Hyde via American Greatness,

A federal lawsuit was filed against Fairfax County Public Schools (FCPS) on behalf of an FCPS parent, alleging that the school district's "gender transition" policy violates parents' constitutional rights.

Fox News reports that the lawsuit, filed by America First Legal (AFL), alleges that Fairfax County Public Schools' Regulation 2603.3 "directs school staff to support and facilitate a student's social 'gender transition' at school without notifying parents or obtaining their consent."

According to AFL, FCPS does not make parents aware of students who are struggling with gender confusion, and does not give parents the ability to reject school-sponsored "support plans."

The lawsuit also alleges that FCPS mandates that school staff use a student's preferred pronouns and name, ability to use sex-segregated facilities based on a student's self-identified "gender identity," and "participation in gendered classes, activities, and programs based on a student's self-identified 'gender identity.'"

In a Monday press release, AFL said the filing that alleges that the school staff's facilitation of a child's gender transition without obtaining parental consent is a major encroachment on parental rights, which are superior to state authority.

The lawsuit also contends that these practices violate the United States and Virginia Constitutions, which guarantee parents the primary authority to oversee their children's upbringing, education, and religious guidance.

AFL sent a demand letter to the school district on May 1, referencing the alleged infractions and directing FCPS to completely remove the policies, or immediately stop their enforcement during revision, or make a parental notice and exemption mechanism by May 18. The school district failed to do so and the core of the regulation remains unchanged so AFL is now seeking a court order to ensure that FCPS fully complies with the law.

Ian Prior, senior counsel at America First Legal, said in a statement:

FCPS was given an opportunity to correct its anti-parent policies. It failed to do so and will now face the consequences. AFL will continue defending parental rights from woke school districts until each and every one complies with the law.

A spokesperson for FCPS told Fox News Digital, "At FCPS, every student and staff member deserves to feel safe, respected, and supported. We are committed to creating an inclusive environment for all members of our school community, including our transgender and gender-expansive students and staff."

Tyler Durden Fri, 06/26/2026 - 20:55

Trump-Backed Colombian President-Elect Gives Guerrillas "One Month To Surrender" As Socialist Era Ends

Colombia's president-elect Abelardo de la Espriella gave drug cartels and guerrilla groups one month to surrender, marking a massive U-turn from the soft-on-crime policies of the socialist regime under incumbent President Gustavo Petro.

"To all those acting outside the law, you have one month to arrange your submission," Trump-Backed Espriella said in his first speech since official results confirmed his electoral win on Sunday.

Colombia's President-Elect Abelardo de la Espriella:

To those who are outside the law, I have a categorical message: You have one month to come to your senses and organize your submission to the rule of law.

Under my government there will be no generous offers or unacceptable… pic.twitter.com/G94Pep8rcg

— Clash Report (@clashreport) June 25, 2026

"In my administration, there will be no generous offers or unacceptable concessions like those they received from the regime that is coming to an end," Espriella added, in reference to the outgoing socialists who favored kind words with narcoterrorists.

Under Petro, a new United Nations report showed that Colombian coca cultivation hit a record high in 2024, with planted acreage rising 3.5% to 261,000 hectares, or about 645,000 acres.

The UN Office on Drugs and Crime did not publish its usual estimate for potential cocaine output, although the previous year's coca crop was enough to produce more than 2,600 tons of the drug, according to Bloomberg.

The surge in production under the socialist regime has fueled Colombia's worsening security crisis.

Across Latin America, there has been a massive shift in politics after years of failed socialism sent the continent into an era marked by surging violent crime, economic stagnation, debt traps, currency declines, and collapsing public confidence.

Now, the shift is toward right-wing leaders who support law and order and capitalism.

As socialism and Marxism are eradicated like cockroaches across Latin America, a troubling rise of left-wing revolutionaries in New York City has finally alarmed the mainstream Democratic Party.

Tyler Durden Fri, 06/26/2026 - 20:30

How To Push Back Against The 'Advancing Beast' System

Authored by Leo Hohmann via substack,

The big-picture lesson from the Covid era should have been obvious. It should have screamed loud and clear to every freedom-loving American: The power elites who run things at the local, state and federal levels want to tag and track our movement, but not just our movement. They want to track our diet, our healthcare, our purchasing habits, our use of energy, our online comment history, our very thoughts.

They want all of it. And if they get their way, you will own nothing. Literally nothing. Even if you technically own an asset, you will not control it, so do you really own it?

Your bank account will be theirs, programmed to be switched on or off at their pleasure, based on your compliance with the dictates of the surveillance state. Your car will be theirs, able to monitor your eye movements, your posture and who knows what else in real time, and be remotely disabled at their pleasure, thanks to Joe Biden’s remote vehicle kill switch law. Your ability to eat healthy food will be gone, thanks to Donald Trump’s granting of legal immunity to Bayer/Monsanto, protecting it from lawsuits based on the harmful effects of bioengineered food laced with chemicals. Same for your healthcare. Your online speech. Even your thoughts. They will own it all if they succeed in bringing in the long-planned AI-powered digital control grid that is currently under construction in the form of 6G wireless networks along with thousands of AI data centers, Flock cameras and other devices.

Flock Safety, the online security company based in Atlanta, has more than 89,000 vertically integrated and fully internet-connected cameras stationed in more than 5,000 communities nationwide and growing. The invasiveness of their cameras is also growing, with the ability to not only see but to hear everything going on for miles through its Raven Audio Detection Program. Flock is also now selling mobile cameras to law-enforcement agencies that will serve as “first responders” based on suspicious activity picked up under the company’s Falcon Drone Program.

Watch the first 6 minutes of the video below and ask yourself, have you been Flocked? Is it really making you safer?

Cities and states, and specifically law enforcement agencies, will have all of your data and the ability to use it however they want, sharing it with whoever they want including the federal government, and you can bet that kind of power will lead to a totalitarian system.

But, apparently, most folks didn’t get the memo after Covid. Totalitarianism is the goal.

Instead of taking this sweeping big-picture lesson from the Covid era, they filed away much smaller lessons, if they received any lesson at all. Something along the lines of, don’t trust vaccines, or perhaps on a slightly bigger scale something like don’t trust the government in a time of emergency.

These are good lessons, but they stop short of the big lesson that was out there staring us in the face and begging to be learned.

They want to own you. They want to crush your human agency and replace it with an AI-powered control system that is their fraudulent version of God. And if we allow a system like that to be placed in a position of authority over us, a place reserved for God, we will live to regret it, because this system is not designed to respect human sovereignty, human dignity, or free will. All totalitarian systems, whether communist, fascist, Islamist, Christian nationalist, or technocratic in nature, are based on the presumption that they know better, and they have the right to crush our free will.

As a result of so many people missing the loud-and-clear message delivered by the ruling elites during the beta-test for tyranny known as Covid, we are destined to live through a period of further testing. As long as we as a society keep failing the tests, we keep moving closer to the New World Order, which is a technocratic dystopia marked by the death of privacy, the death of anonymity, and the death of representative democracy as we know it.

If they succeed, and they’re getting close, every action and function of life will come under regulation by nameless, faceless overlords. Voting, traveling, moving about locally, logging onto the internet, shopping for various goods and services, and everything you consume, including food and water, will require you to “verify your identity.” And the only way to verify your identity will be through the digital beast system. Show us your QR code, or some other imprint tied to your individual biometric data.

This transformation is already well underway. You can’t board a plane without allowing the authorities to scan your facial features and enter your likeness into their centralized database. You can’t get a federally approved driver’s license without doing the same. Soon you won’t be able to have a bank account or even log onto the internet without fulfilling such digital ID requirements.

The globalists have already put the chairs in the order needed to start demanding biometric digital ID for practically every service people need to function in modern society. You want to vote? Show your digital ID. You want secure borders? Show us your digital ID so we know if you’re legal or illegal before you get that job you’ve applied for, or that college enrollment you’re applying for. Or that apartment you want to live in. You want healthcare? You want Social Security? Confirm your digital ID. You want to drive? You want to travel? You want to eat?

It’s all coming folks, and it pretty much all hinges on them getting the AI data centers they want up and running. Are you OK with that?

If so, then sit back and do nothing. Just relax and trust the government.

If you’re not, it’s time to start saying “no” and fight back against the data centers, the Flock cameras and the digitization of our human identities. It will cost you some of the modern conveniences, but if you wait to register your resistance, it might cost you much more.

The first order of business in any resistance is to say no.

If you are asked to produce a QR code, say no. A face scan? No. An iris scan? No. A palm scan? No. This is called non-compliance. Dissidents do not comply.

If you are asked to electronically apply online for something or “check in” for an appointment, such as your next doctor’s visit, don’t respond through their preferred method. Make them call you on the telephone if they are so dead set on knowing if you are going to show up for the appointment that you already scheduled. If there is just one human working the cashier at your grocery store, resist the temptation to go through the self-checkout and save a few minutes of time. You’ll be saving someone’s job while sending a message to the corporate owners. Same for your banking relationship, go for the human teller rather than the machine.

Start reading the labels on the food you buy. Look for non-GMO food, stop taking the easier route and buying prepackaged ultra-processed foods that make you sluggish, sick and submissive. Buy organic non-GMO whenever possible and avoid bioengineered food at all cost.

And this is just the first layer of a multilayered approach to non-compliance.

The other layers are more aggressive and involve getting in the faces of your local elected leaders when they go to invite the Flock cameras and data centers into your community. This will involve organizing a citizens’ group and possibly filing a lawsuit. It’s long overdue for us to take ownership of our situation and stop assuming that any politician or political party is on our side or in any way looking out for us or our interests.

I didn’t say it would be easy. Or cheap. Nothing worthwhile ever is.

We can’t afford to have anymore lessons missed, because each lesson missed paves the road smoother to the New World Order.

Tyler Durden Fri, 06/26/2026 - 20:05

Debt Tsunami: The Alan Greenspan Legacy

Authored by Jeffrey Tucker via The Epoch Times,

Alan Greenspan, Fed chair from 1987 to 2006, embodies a striking ideological shift from gold-standard advocate to architect of the modern easy-money, debt-fueled financial system. He has now died at the age of 100, and this marks a good time to assess his legacy and explain why it matters.

In the 1960s, as a young economist influenced by Ayn Rand and Objectivism, Greenspan strongly supported the gold standard. In his 1966 essay “Gold and Economic Freedom,” he argued that gold-backed money was essential for laissez-faire capitalism. It restrained governments from inflating the currency to fund welfare states or deficits, preventing the erosion of savings and the boom-bust cycles caused by fiat money manipulation. He viewed central banking and unbacked currency as tools for hidden wealth confiscation through inflation.

This essay is what endeared him to Rand personally. He became a valued member of her inner circle at a time when such circles of influence dominated the Manhattan scene. He won her confidence while his consulting firm was growing in influence. His clients were among the biggest players on Wall Street. His closeness to Rand and her circle contributed to the sense that they had at the time that Rand’s ideas were in ascendance, as her book sales only grew.

Once in power, however, Greenspan operated within the fiat system that he once criticized. He became known for discretionary, flexible monetary policy that prioritized short-term economic stability and growth over rigid rules.

Key elements included the “Greenspan Put.”

Markets came to expect the Fed to cut interest rates and inject liquidity during crises to cushion asset price declines. This started with the 1987 stock market crash (Black Monday), during which Greenspan quickly affirmed the Fed’s readiness to provide liquidity.

This was the beginning of what later became known as Quantitative Easing, or money printing, as the method to deal with market upheavals. It represented a wholesale repudiation of the policies of Paul Volcker from 1979 to 1982, the last time this country permitted an economic downturn to take its normal course rather than use artificial methods of stimulating demand. It was a test of the theory of the Austrian School, which argued that recessions serve a purpose of cleaning out malinvestments to prepare the ground for new prosperity.

The test worked to create the conditions of the 1980s boom. And yet at the same time, we saw measures of finance and banking deregulation that would empower new forms of credit finance that blurred the old distinctions between savings and checkable (liquid) deposits. It was this change that would end up fundamentally changing the operations of capitalism.

With sound money and a free market, the interest rate was a reflection of the savings rate. Investors would only borrow what was available, while savers were rewarded for their thrift with high interest rates. The rate of return for financial capital would tend toward an equilibrium identical to industrial output levels. That means that you are always better off saving than taking risks unless you have an eye toward entrepreneurial speculation. That was the balance: save, invest, grow.

Greenspan’s efforts turned the table over. The Fed embarked on a new experiment that would reward debt more than saving through one simple trick. He would push down rates to the point that saving paid less than investing in stocks, such that anyone could go into serviceable debt and invest and make more money with financial markets. Thus began what is called financialization. It overthrew the traditional workings of capitalism for a new calculation that stopped rewarding thrift and started rewarding leverage above all else.

Quite the achievement for a man who decades earlier had condemned this very system!

This strategy was repeated with responses to the 1998 LTCM/Russia crisis, the dot-com bust (2000–2001), and post-9/11. Investors priced in this implicit downside protection—like a put option—encouraging greater risk-taking, leverage, debt service, and wild speculation.

After the dot-com bubble burst and 9/11, the Fed under Greenspan cut the federal funds rate to a then-record low of roughly 1 percent in 2003–2004 and held it there. This created very cheap credit, fueling borrowing, leverage, and rising asset prices (especially housing). This directly inflated the mid-2000s housing bubble by making mortgages extraordinarily affordable and encouraging subprime lending.

The result was moral hazard and a wild culture of risk-taking at the expense of financial prudence. The combination of bailouts for markets (not necessarily individual firms) and low rates fostered the belief that the Fed would always “clean up” after bubbles.

This reduced the perceived downside of speculation, leading to higher leverage in finance, exotic mortgages, and a broader “debt finance” era in which credit expansion outpaced productive growth. Greenspan himself spoke of “irrational exuberance” in 1996 but didn’t act decisively to prick bubbles.

Greenspan’s tenure coincided with (and helped enable) a structural shift toward higher public–private debt levels, financialization of the economy, and repeated asset bubbles. The housing bubble and 2008 crisis are the clearest examples—easy money post-dot-com contributed to over-leveraged households and banks. While he defended his actions (arguing that bubbles are hard to identify in real time and that low rates didn’t solely cause the housing issues), his policies masked rising systemic risks and set the United States on the course toward disaster.

In later years, Greenspan reflected on gold favorably (e.g., calling it the premier global currency and admitting in conversations with Ron Paul that the Fed tried to mimic gold-standard signals). He acknowledged the welfare state’s incompatibility with hard money but pragmatically worked within the system.

Fine talk, but look at how he walked. Greenspan’s successors at the Fed only intensified his apostasy, especially Ben Bernanke, who went one better and slammed rates to zero while protecting against inflationary consequences by filling up bank vaults with fake money. This created innumerable zombie institutions, even as the Fed held the overvalued fake assets on its books. It still does.

Bernanke was succeeded by Janet Yellen, who sought to dampen inflation worries in early 2021, just before depreciation sliced off one-third of the dollar’s purchasing power. This is not a stellar record for which Greenspan set the precedent.

The young Greenspan saw gold as a check on government and banker overreach. The elder Greenspan, wielding immense power at the Fed, used that power to smooth cycles, successfully for a while (low inflation, steady growth in the 1990s)—but at the cost of building a more fragile, debt-dependent financial architecture.

This “Greenspan era” mindset of activist central banking influenced successors like Bernanke (QE) and continues to shape today’s environment of high debt and low rates (until recently) and expectations of Fed rescues. It marked a decisive move away from sound-money principles toward managed fiat credit cycles.

We are still paying a huge price for this mismanagement. Greenspan is the perfect embodiment of the principle that your talk and your walk need to match, lest you become an instrument of hypocrisy and eventual disaster that undermines every intellectual conviction you once embraced.

Tyler Durden Fri, 06/26/2026 - 19:15

Culture Of Grievance

Authored by George Brooks via AmericanThinker.com,

Every civilization develops a moral language - a set of virtues that it celebrates and vices that it condemns. For much of human history, societies lauded courage, resilience, self-sacrifice, duty, honor, and perseverance. The individual who overcame adversity was admired. The citizen who contributed more than he consumed was esteemed. To endure hardship without surrendering one’s dignity was considered noble.

Increasingly, however, modern Western society appears to have inverted this hierarchy.

Today, victimhood often functions as a form of social capital.

To claim injury is to acquire moral authority.

To assert oppression is frequently to gain status. Public discourse, particularly within academia, media, politics, and social media, often rewards not those who demonstrate resilience, but those who can most persuasively locate themselves within narratives of historical or contemporary disadvantage.

This is not to suggest that oppression does not exist. It plainly does. Human beings have always oppressed one another. History is replete with examples of slavery, discrimination, persecution, exploitation, and injustice. Serious societies acknowledge these realities honestly.

Yet acknowledging injustice and organizing one’s entire social order around grievance are two very different enterprises.

The modern culture of grievance is distinguished not merely by its concern for injustice, but by its tendency to elevate grievance itself into an identity.

In such a framework, suffering confers legitimacy. Personal agency is often deemphasized in favor of structural explanations. Individual responsibility, once considered indispensable to human flourishing, is increasingly treated as secondary to historical narratives of power and oppression.

Why?

Part of the answer lies in incentives.

Human beings respond to incentives whether they exist in economics, politics, or culture. If a society rewards certain forms of behavior with status, attention, influence, institutional support, or financial gain, those behaviors predictably proliferate.

Social media has accelerated this process dramatically.

Platforms built upon visibility and engagement naturally privilege outrage, conflict, and emotional intensity. Claims of victimization generate attention. Attention generates followers. Followers generate influence. Influence often generates money, prestige, and institutional power.

Grievance, in the digital age, has become monetizable.

The entrepreneur of outrage need not solve problems; indeed, solving problems may threaten his relevance. A permanent sense of crisis sustains audiences, donations, speaking engagements, media appearances, and political mobilization. The incentive, therefore, is often not reconciliation but perpetuation.

A grievance resolved is a constituency diminished.

This dynamic extends beyond social media influencers. Entire political movements, activist organizations, and institutional bureaucracies can become dependent upon the continued existence—or perceived existence—of oppression. The maintenance of moral urgency becomes essential to organizational survival.

Consequently, there exists a temptation to expand definitions continually, to discover ever more subtle forms of harm, and to reinterpret ordinary human conflicts through increasingly elaborate frameworks of oppression.

Disagreement becomes violence.

Words become trauma.

Discomfort becomes harm.

Failure becomes victimization.

Ordinary interpersonal conflict becomes evidence of systemic injustice.

The danger is not merely conceptual confusion. The danger is cultural infantilization.

Human flourishing requires the cultivation of resilience. Every person encounters disappointment, rejection, unfairness, betrayal, and suffering. These experiences, while painful, are intrinsic to the human condition. A society that teaches individuals to interpret every adversity primarily through the lens of oppression risks producing citizens less capable of confronting life’s inevitable hardships.

Stoic philosophers understood this long ago. We possess limited control over external events but considerable influence over our responses to them. While circumstances matter, human beings are not merely passive products of circumstance.

Agency matters.

Responsibility matters.

Character matters.

Indeed, one of the greatest achievements of liberal democracy has been its insistence that individuals cannot be reduced solely to categories of race, sex, class, religion, or ancestry. The individual person possesses moral dignity independent of group identity.

Identity politics, by contrast, often risks reversing this principle. Individuals increasingly come to be understood primarily as representatives of groups rather than as unique persons. Social and political questions are filtered through collective identities, historical grievances, and competing claims of disadvantage.

Such a framework can foster tribalism rather than solidarity.

Citizens cease to view one another primarily as neighbors, fellow countrymen, or participants in a shared civic enterprise. Instead, society fragments into competing constituencies, each seeking recognition, resources, status, or moral legitimacy.

The social fabric frays.

This does not mean historical injustices should be ignored. Quite the contrary. Mature societies remember their histories precisely so they may avoid repeating them. But memory should serve wisdom, not resentment. Justice should seek restoration where possible, not the perpetual cultivation of grievance.

A healthy society balances compassion with responsibility.

It extends assistance to those genuinely in need while simultaneously affirming human agency. It recognizes injustice without encouraging dependency upon victimhood as an identity. It acknowledges suffering while celebrating resilience.

Most importantly, it teaches that adversity, though often unfair, need not define a life.

The culture of grievance offers a seductive promise: that our struggles can be explained entirely by external forces and that moral virtue inheres in suffering itself. But this promise ultimately diminishes human beings. It encourages people to locate power everywhere except within themselves.

Civilizations do not thrive when victimhood becomes aspirational.

They thrive when individuals are encouraged to confront hardship with courage, responsibility, discipline, and hope.

The task of a free society is not to deny suffering.

It is to produce citizens capable of transcending it.

Tyler Durden Fri, 06/26/2026 - 18:25

America's Data-Center Revolt Goes Local - And Bipartisan - As Towns Slam The Brakes

The pitchforks are out over the AI buildout - as drama unfolds in county commission chambers, where the people who will actually live next to the substations and cooling plants are starting to win.

Saline, Michigan, December 1, 2025. Rural Michigan residents rally against the $7 billion Stargate data center planned on southeast Michigan farm land.  (Photo by: Jim West/UCG/Universal Images Group via Getty Images)

Over the last week, local governments in at least three states have independently moved to pause hyperscale data center development - amid local revolts driven by the same three anxieties: water, electricity rates, and the suspicion that the deals were wired before anyone in town got a vote. One thing is clear; residents are pissed, and this pushback is bipartisan. 

As we've previously noted, this revolt has been building all year - and it has already produced the first statewide moratorium, passed by New York's legislature this month. What follows is the local front of the same war, fought four counties at a time.

Florida: a unanimous pause, a preemptive one, and a lawfare wrinkle

In DeSoto County, commissioners sat through nearly three hours of public comment on Tuesday before voting unanimously (with one recusal) to direct the county attorney to draft a one-year moratorium on new data center applications. Not one resident spoke in favor of the pending project or against the pause.

DeSoto County residents packed a county commission meeting on June 23 to speak in favor of a moratorium on data centers. (Photo by Alice Herman, Suncoast Searchlight)

The catch: the moratorium, once drafted and passed, wouldn't touch projects already in the pipeline. And there's a big one. DCIP Group is pushing a gas-powered hyperscale complex that a second rezoning application would expand past 800 acres - with longer-term maps reportedly sketching as many as 1,300 acres and more than a dozen facilities. The county had been fast-tracking it under a "Rapid Response" economic-development pilot; records obtained by Suncoast Searchlight show officials moving to prioritize the application.

Pressed on specifics, the developer couldn't supply them. Asked how much water the complex would draw, DCIP's CEO allowed it could be anywhere from zero to 3 million gallons a day - a range wide enough to drive a turbine through. The company points to "closed-loop" cooling and reclaimed water as mitigations (claims, not yet verified by the county). Commissioners bristled at the suggestion they'd been captured, with one insisting they were "not a bunch of bought and paid for puppets."

Central Florida's Lake County went a step further - a preemptive pause. By the county's own account it has no data centers and no pending applications, yet commissioners reached consensus on June 23 to have staff draft a moratorium, with a vote set for July 14 that Commissioner Anthony Sabatini expects to pass unanimously. He says he isn't seeking "an outright ban" because Florida's SB 180 - signed by Gov. DeSantis after the 2025 session and sold as hurricane-rebuild relief - has been read to bar local governments from tightening development rules at all, and to hand developers a tool to sue counties that reject rezonings. The law sunsets October 1, 2027, so a moratorium is the workaround until it does. Sabatini said 12 applications for "large data centers" have been filed statewide in the past year, and pointed to Citrus, Nassau and Pasco counties as having already imposed some form of pause.

The contrast is right next door. In neighboring Orange County, CoreSite - a subsidiary of publicly traded American Tower (AMT) - has filed plans for a second data-center building at its Orlando campus, adding roughly 76,000 square feet to an existing 129,000-plus-square-foot facility. The moratorium map and the buildout map are being drawn at the same time.

Pennsylvania: from coal country to the statehouse

In Brookville, a borough in western Jefferson County, PA, council members unanimously passed a 180-day moratorium last week, giving themselves until roughly December to write rules. The trigger was water. Council vice-president Randy Bartley said the borough was unofficially told that two data centers were eyeing the area, together capable of drawing about 2.4 million gallons a day from Brookville's supply - a massive amount for such a small borough. Bartley says their job is to "be sure when they turn on the tap, they have water."

Brookville is a borough in western Jefferson County, Pa. Council members recently passed a 180-day moratorium on data center development in the area to give them more time to consider what kind of regulations to pass. (Photo courtesy of WPSU’s Our Town)

Days earlier, the Pennsylvania House moved a package of data-center bills, including a 197-5 vote to repeal a sales-tax exemption on data-center equipment - a break projected to cost the commonwealth roughly $517 million a year by 2030 - and a 201-1 vote codifying Gov. Shapiro's certification-based "GRID Standards." Those standards only bind developers who want state tax perks, covering water use, noise and air pollution, and local energy affordability. The quiet part, said out loud by a bill sponsor: the breaks were flowing to companies clearing nine figures of net income a year.

Missouri: protests, secrecy, and a definition nobody wrote down

In Springfield, Missouri, some 60 residents rallied outside Plaza Towers on Tuesday ahead of a special City Council vote, set for this coming Monday, on a 120-day moratorium. Inside the building, a business panel on data centers featured Trent Overhue - Plaza Towers' owner and the developer of a contested small-scale data center going up near Marshfield - while the protest against projects like his played out on the sidewalk.

Kenny Gott, of Springfield observed “We can’t stop progress, but we can regulate it and that’s what needs to happen.” (Photo by Jym Wilson)

Then there's the secrecy... In nearby Webster County, residents say a developer quietly broke ground on a small AI data center in Marshfield before any public process - there's no county planning and zoning commission - and the county has since retained outside counsel to figure out its options. One Marshfield resident's summary: "no meetings, no transparency at all." Second, Springfield's city manager admits the city code contains no definition of "data center" at all - which is how a developer's pitch for a mixed-use building on South National Avenue, with a basement use the city gingerly calls "like a cousin to a data center," is becoming a fight. The 120 days would buy the city time to define the term and study impacts on water, wastewater and the grid.

The local anxiety is, again, about who pays. One self-described tenant leader warned that utility costs would climb for working-class residents if a data center lands - the same ratepayer-socialization fear driving the Pennsylvania votes. For scale, residents need only look up the road to the 2-million-square-foot "AI factory" rising in Independence. Meanwhile, the state is trying to get a grip on the situation: a Missouri House committee has set a September hearing on data-center rules, even as one lawmaker presses the governor for a special session that leadership has so far waved off.

Remember folks, AI-capex bulls assume that land, water, and power show up on schedule - and hyperscalers will have a hard time lobbying their way out of these local entanglements. The political economy is the story: the compute is centralized and the profits accrue to AMZN, MSFT, GOOGL and META (and, via CoreSite, to AMT), but the water draw, the grid strain, and the rate increases land on residents who increasingly get a vote before the concrete is poured. The Florida SB 180 angle adds a delicious contradiction - a "property rights" statute now functioning as a developer's shield against local democracy.

Tyler Durden Fri, 06/26/2026 - 18:00

FIFA Folds, Allows Rainbow Flags To Fly In Seattle Stadium Despite Objections From Iran, Eqypt

Rainbow flags will be allowed inside the stadium in Seattle, where the FIFA World Cup group game between Iran and Egypt is being held on June 26, despite both countries objecting to the standards associated with the LGBT community.

Both countries are predominantly Muslim, and homosexuality is illegal in Iran and criminalized in Egypt, but Hana Tadesse, a spokesperson for Seattle’s World Cup organizing committee, said on June 24 that FIFA considers the rainbow flag a statement of human rights and will allow fans to wave it inside Lumen Field.

In December 2025, the soccer federations of both Iran and Egypt complained after it became clear that Seattle’s World Cup organizing committee wanted to use the match as a “once-in-a-lifetime moment to showcase and celebrate LGBTQIA+ communities in Washington.”

As Chris Summers reports for Epoch Times, under FIFA’s World Cup stadium policy, it is prohibited for fans to bring in certain controversial political items.

“Any materials, including but not limited to banners, flags, flyers, apparel, and other paraphernalia that are of a political, offensive, and/or discriminatory nature, containing wording, symbols, or any other attributes aimed at discrimination of any kind against a country, private person, or group on account of race, skin color, ethnicity, national or social origin, gender, disability, language, religion, political or any other opinion, birth, wealth or any other status, sexual orientation, or any other grounds,” according to the policy.

When Iran played its first game, against New Zealand in Inglewood, California, on June 15, The Epoch Times reported that FIFA had banned Iranian fans who opposed the regime in Tehran from flying the country’s pre-1979 flag—which bears a lion-and-sun standard—inside the stadium.

On June 25, before the Iranian soccer team held a news conference in Seattle, Daniel Marin, FIFA’s executive director of public relations, read a statement on behalf of the Iranian team.

“This Islamic Republic of the Iran Football Federation has asked us to inform the media that they are only willing to answer questions in relation to the game,” Marin said.

“We fully respect the right of all journalists to ask questions. In this case, we ask you respect the rights of the federation here today to only answer questions in relation to the team, the tactics, the match, and so on.”

Iran goalkeeper Alireza Beiranvand makes a save against Belgium during their soccer World Cup match in Inglewood, Calif., on June 21, 2026. Mark J. Terrill/AP

But Iran’s coach, Amir Ghalenoei, was still asked a barrage of questions about the issue by journalists, which he declined to answer.

If Iran wins, they will advance to the knockout stage of the World Cup for the first time.

“I said to you earlier we are here to play football. For nothing else,” Ghalenoei said.

“Our entire focus is going to be on tomorrow’s game, on succeeding in tomorrow’s game. And, anything else that is banned ... we don’t want to speak about it.”

Soccer Is the ‘Beautiful Game’

“We are only going to speak about football, what a beautiful game it is, and how enjoyable it’s going to be,” Ghalenoei said.

Egypt’s players and coach Hossam Hassan also declined to answer questions on the issues during a news conference at Husky Soccer Stadium in Seattle.

“We are all focused on football,” Hassan, speaking through a translator, said. “This is all that we think about.”

The wearing of rainbow armbands became a controversy in 2024, when several English Premier League soccer players objected to wearing them as part of an “LGBTQ+ inclusion initiative” because of their religious beliefs.

Marc Guehi, who is currently playing for England in the World Cup, chose to write over the armband the message, “Jesus loves you.”

Sam Morsy, a practicing Muslim who captained Ipswich Town, chose not to wear the symbol on his jersey when he led his team to a draw against Manchester United in December 2024. Morsy played nine times for Egypt—where his father is from—but was not included in their World Cup squad.

The Epoch Times reached out to FIFA for comment but did not receive a response by publication time.

Tyler Durden Fri, 06/26/2026 - 16:40

The Party Of Algae And 'Our Democracy'

Authored by James Howard Kunstler,

“. . .a political party doesn’t lose 95 percent of a registration advantage because voters are kinda annoyed. Something much, much deeper is going on.”

- Richard Landwirth

Okay, convince me that gay-Islamic-race-communism is a “progressive” political program America is going to buy like corn flakes.

The Lefty-left wants to think so, as it lurches from one peak of mental illness to an even greater one in the 130 days to the midterms.

Look how successful they’ve been with open borders, defunding the police, men in the girl’s swim lane, no cash bail, sex-change surgery for kids, free-for-all elections, hatin’ on white people, and open Medicare fraud. The new re-branding strategy as “Democratic Socialism” only tells you that reality has ceased to interest them.

No, winning electoral districts stuffed with illegal aliens in bright blue cities with tiny overall voter turnouts won’t sweep the nation like love. More likely it’s a harbinger of the party’s approaching death, like the Whigs going down the drain in 1852, gurgle-gurgle. Advocating to destroy American society is a poor sales pitch. The party’s old-line leadership frantically seeks some way to neutralize the rising influence of Zohran Mamdani and his disciples, but so far nothing works. An odor of desperation fills the air.

One thing you can say about the gay-Islamic-race-communists is that they are well-organized, which is understandable since their political program resembles an ant farm, a dis-individuated collective with insectile characteristics, workers and soldiers toiling in mindless solidarity to occupy more electoral territory so as to vanquish their “oppressors,” Trump and the big feet of his capitalist minions.

Meanwhile, though, the money flows dry up as the old Big Donor Dawgs freak-out at the prospect of having their fortunes confiscated, eaten by this advancing ant-swarm, while Scott Bessent and Todd Blanche work to disassemble the giant, hive-like matrix of NGOs that, for years, laundered US taxpayer dollars through the Democratic Party’s patronage system. In New York City, Philly, LA, Chicago, Seattle, Boston, Portland, the NGOs furnished comfortable salaries for young activists churned out remorselessly by Higher Ed, but all that’s starting to look like a bygone Shangri-la, a lost world.

“Many Democratic primary voters, however, are in no mood for defensiveness. As they see it, they’ve been failed by a cautious, compromising establishment, and they’re going to overthrow it.”

- Michelle Goldberg, The New York Times

Of course, the loss of those cushy jobs and perqs has pitched that young demographic into a yet greater rage, prompting them to wreak vengeance and havoc on the system that took their “entitlements” away. Activists want to do activism, which is not necessarily the same as working for a living. It’s working for an ideal, a cause — to abolish the very society based on working for a living and replace it with a parent-like, hovering, all-powerful government that provides your every need by “seizing the means of production.”

The trouble is, this has been tried before, many times in the previous century, and the track-record is discouraging, exhibit-A being the old Soviet Union, the experiment that failed. Why? Because after seizing the means of production, the state bureaucracy lacks the skills, the spirit, and the creative juice to produce much of anything, and especially to do it well. All it can actually contribute to the process is its intrinsic bureaucratic entropy and, to put it ultra-simply, entropy is just not a force for good in this world.

The Republican Party is laboring through its own parallel, but rather different sort of crack-up, a breach based more on pure enmity to President Trump’s personality than necessarily to ideas or policy.

The Right still uniformly subscribes to personal liberty and economic enterprise, but factions on the right have a long-running investment in the Deep State apparatus and its protection against Mr. Trump’s impending prosecution of the so-called “grand conspiracy” (the ongoing seditious coup), as well as his dismantling of the money-flow architecture that keeps Beltway types rolling in dough.

Former AG Bill Barr is exhibit-A for that faction, as when he concealed the FBI’s possession of Hunter Biden’s laptop through Trump Impeachment No. 1, when he refused to investigate ballot fraud after the 2020 election, and when he managed to let Jeffrey Epstein off himself in the Manhattan federal lockup.

Then there is Senate Majority Leader John Thune, the emptiest suit to ever occupy that job, who refuses to explain his aversion to common-sense election reform or his failure to allow confirmation of the president’s nominees to important federal posts. He is so committed to doing nothing that he makes “Joe Biden” look like a prodigy of action. They say Sen. Thune represents the old-school “country club” Republicans, but he looks too dim to even tote up an 18-hole golf card.

There are also Tucker, and Candace, and Nick Fuentes, and MTG, and other pouting and shouting former MAGA superstars throwing down against the president and his program.

It has all become rather unappetizing, though rumors swirl of Tucker seeking to build a whole new party to replace the GOP and MAGA. As Homey de Clown might put it: I don’t think so. . . .

I doubt that any of them will succeed in destroying MAGA, but they’re making the movement uncomfortable. Let’s face it: they’re embarrassing.

On the other hand, the Party of Algae and “Our Democracy” is incapable of being embarrassed, and that has been obvious for a long time based on the absurdities they attempt to foist upon our country.

The Iran War seems to be fading in the rear-view mirror now, despite all their yelling about how we lost it.

Oil is hovering just below $70-a-barrel as I write.

Hakeem Jeffries and Chuck Schumer are reduced to a pitiful vaudeville act in the face of Mamdani-ism.

Bernie Sanders is lost in a rain-dance for Utopia.

And James Carville is on-track for a three-week vacation in the Rubber Room.

Don’t bother praying for them. Just wait for gurgle.

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

Tyler Durden Fri, 06/26/2026 - 16:20