Individual Economists

Supply Chain Layoffs Spread Across Warehouses, Factories And Rail Terminals

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Supply Chain Layoffs Spread Across Warehouses, Factories And Rail Terminals

By Noi Mahoney of FreightWaves

A wave of layoffs across U.S. supply chains — from EV battery plants and auto parts factories to warehouses and rail terminals — has affected nearly 4,000 workers in recent weeks, according to company announcements and WARN filings across multiple states.

Recent WARN filings and company announcements show job cuts across at least a dozen companies in states including California, Georgia, Tennessee, Texas, Ohio, South Carolina, Pennsylvania and Alabama.

The largest layoffs in the recent wave are coming from the automotive and industrial supply chain. SK Battery America said it laid off 958 workers — about 37% of its workforce — at its electric vehicle battery plant in Commerce, Georgia, citing shifting EV demand as automakers reassess production plans.

Meanwhile, bankrupt auto parts manufacturer First Brands Group announced major workforce reductions, including 572 layoffs across three facilities in Brownsville, Texas, and 333 jobs cut at a plant in Fayetteville, Tennessee, as part of its Chapter 11 restructuring.

In food manufacturing, Campbell’s said it will cut 205 jobs at its Paris, Texas plant as it repurposes the facility to focus on sauce production. Technology services firm Bluum USA also filed notice it will close its Irving, Texas distribution facility, eliminating 60 jobs as part of a restructuring.

Distribution centers and warehouses reduce staff

Several logistics and distribution operators have announced layoffs tied to restructuring, contract losses or network consolidation.

Third-party logistics provider Saddle Creek Logistics Services plans to lay off 151 workers at a warehouse facility in Bessemer, Alabama.

GEODIS Logistics will eliminate 105 jobs at a facility in Ashville, Ohio, after a client ceased operations at the site.

GXO Logistics also filed notice that it will shut down operations for a client at its West Jefferson, Ohio, warehouse, affecting 102 workers.

In California, CJ Logistics America announced 71 layoffs at a warehouse facility in Fontana scheduled for April 30.

Rail and intermodal logistics hit by contract losses

Intermodal logistics operator Parsec LLC is closing multiple rail cargo handling facilities after losing key customer contracts.

The company will shut down a Columbus, Ohio, intermodal terminal, eliminating 115 jobs by May 1.

A WARN filing with Ohio regulators shows the layoffs will affect loader operators, mechanics, warehouse staff and management roles.

Parsec is also closing a Jacksonville, Florida facility after losing a major customer contract.

In North Charleston, South Carolina, Parsec is shutting down an intermodal logistics operation at the Norfolk Southern terminal, eliminating 39 jobs.

Parcel network restructuring leads to FedEx closure

Package delivery giant FedEx is closing a facility in Pittston, Pennsylvania, affecting 63 employees as part of its “Network 2.0” initiative aimed at consolidating package pickup, transportation and delivery operations.

The company said the effort is designed to simplify its network through a “one van, one neighborhood” delivery model intended to improve efficiency.

Manufacturing and trucking supply chain layoffs

Manufacturing operations tied to heavy-duty trucking and industrial supply chains are also reducing staff.

Furniture manufacturer Ashley Furniture Industries is laying off 266 workers at a manufacturing center in Mesquite, Texas, according to a WARN notice filed with the state on Wednesday.

Commercial Vehicle Group, which produces seating systems used by truck manufacturers such as Freightliner and Mack, will lay off 76 workers at its Bostrom Seating plant in Piedmont, Alabama, amid softer demand in truck and construction markets.

In Ohio, Boelter Companies is closing its Custom Deco manufacturing facility in Toledo, affecting 63 workers.

Grocery and produce closures add more layoffs

Retail grocery and food distribution operations are also contributing to the job losses.

Several California grocery locations are shutting down:

  • Food 4 Less #364, Inglewood — 64 employees affected.
  • Foods Co. #371, Sacramento — 58 employees affected.

Produce distributor FreshKO Produce Services will close a facility in Fresno, eliminating 58 jobs.

Meanwhile, a Walgreens distribution center in Houston is slated to close, affecting 159 workers, as the retailer consolidates its distribution network.

Recent layoffs and closures across supply chain companies

Tyler Durden Mon, 03/16/2026 - 06:30

Sleepless In Sweden

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Sleepless In Sweden

Recent data from a Statista Consumer Insights survey casts light on the prevalence of sleeping problems in different countries, affecting more than a third of respondents in 25 out of the 32 populations surveyed.

 Sleepless in Sweden | Statista

You will find more infographics at Statista

Respondents were asked if they had experienced a sleep disorder in the 12 months prior to the survey.

Additionally, Statista's Felix Richter notes that in all of the countries included on the chart, women were more likely to have experienced a sleep disorder than men.

In Sweden, the country where trouble sleeping was most prevalent, 56 percent of women had experienced symptoms of sleep disorder in the past year versus 45 percent of men.

In the U.S., there was a 4 percentage-point difference (39 percent women to 35 percent men).

According to the Sleep Foundation, women and people assigned female at birth are more likely to experience insomnia.

Researchers say this is the result of a combination of sex-based factors such as hormone production as well as gender-based differences, which “may be driven by social and cultural disparities”.

Predispositions to certain physical or mental health issues are also cited as possible factors believed to lead to higher rates of sleeplessness in women.

Tyler Durden Mon, 03/16/2026 - 05:45

"Entirely Demonic": Catherine Austin Fitts Warns Financial Tsunami Coming Because Of Programmable Money

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"Entirely Demonic": Catherine Austin Fitts Warns Financial Tsunami Coming Because Of Programmable Money

Via Greg Hunter’s USAWatchdog.com,

Catherine Austin Fitts (CAF), publisher of “The Solari Report,” has been pushing gold (and silver) as an investment for the past few years.  

The record high price, even though both have come down in price a bit, has proven her right–again.  Now, there is an overpowering change getting ready to hit the world.  CAF says:

“What I call the Rothschild syndicate wants programmable money, and they don’t want anybody stopping it...

That’s number one. 

The second thing is most people do not understand what is coming in terms of what the distributive ledger technology is going to do, what it is going to do to the currency markets, to the stock and bond markets.  It is bubble economics and also control.

...We are talking about something that is entirely demonic.

  Let me give you a few examples:  Mr. Smith, this is the government calling, and we know you have three children.  We want one of them transgendered.  You can choose which one, but if you don’t transgender one of them, we will turn off your money, and you won’t be able to feed your other children.”

CAF goes on, “You take the Covid shot or we turn your money off..."

"Programmable money is spatial control as well. 

If we went to a 15-minute city, your programmable money would not work outside the 15-minute city.  It’s not just programmable money. 

If you have an electric car and you try to leave the 15-minute city, your car will not work.

This is why CAF is working tirelessly with multiple state legislatures to put the brakes on programmable money before it’s too late. 

CAF says, “We say get the guardrails up now, and don’t wait for the last mile of the highway..."

"Look at how the market is exploding.  If you wait, it could be too late. 

The horse has left the barn without the bridal and without the saddle...

Anybody in state government who is working to protect freedom, we want to do everything we can to help you do that. 

You can do that by protecting cash or by putting up the guardrails now so a distributive ledger cannot be used to destroy human and Constitutional rights.  That’s what our focus is now.”

CAF talks about the how energy prices are the number one cost to produce just about anything. 

CAF is concerned that the Iran war could impede fertilizer production.  CAF says:

“We could see enormous dislocations in the food market with supply chains and prices going up. . ..  If this continues, we could be talking, especially in lower income countries, of real famine on a mass scale.

In closing, CAF says, “Gold is very attractive now as an investment position..."

"...Everybody should have a core position. . .. For general trend and direction, I don’t know of a better trend and direction than gold and silver right now.”

There is much more in the 52-minute interview.

Join Greg Hunter of USAWatchdog as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts, as she takes us to school on the tsunami of change hitting us all in in the face for 3.14.26.

Tyler Durden Mon, 03/16/2026 - 05:00

Where The Super Rich Reside

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Where The Super Rich Reside

According to the Forbes World's Billionaires List of 2026, many of the world's richest people are citizens of the United States.

As Statista's Katharina Buchholz shows in the following chart, the country counted 989 billionaires per the list's last release Tuesday.

This is far ahead of the second-ranked country, China (with 610) and third-placed India with 229.

 Where the Super Rich Reside | Statista

You will find more infographics at Statista

According to Forbes, 390 new billionaire were minted in the last year, translating into more than one a day and pushing up the number of billionaires worldwide to more than 3,400.

This included the first billionaires from Afghanistan and Pakistan. Despite coming from neighboring countries, the two men's success stories are different. While Afghan national Mirwais Azizi is a 63-year-old real estate developer based in Dubai, Pakistan's Sualeh Asif is only 26 and co-founded AI coding tool Cursor in the U.S. with three friends from MIT.

After the U.S., China and India, Germany has the biggest number of billionaires at 212, followed by Russia at 147.

Also new on the list in 2026 are well-known celebrities like singer Beyonce Knowles-Carter, tennis player Roger Federer, rapper Dr. Dre and movie director James Cameron.

Other notable female newcomers include China’s Zhou Xiaoping, who is the cofounder of Changzhou Xingyu Automotive Lighting Systems and entered the list with the highest female self-made fortune of 2026 ($3.8 billion), as well as Amelie Voigt Trejes, the world's youngest billionaire ever at 20 after inheriting part of a family fortune from her grandfather, the cofounder of Brazilian electrical equipment company WEG.

2026 also saw a new all-time youngest self-made billionaire in Surya Midha. The 22-year old American with Indian roots cofounded AI recruiting tool Mercor with two university friends just slightly older. Another Brazilian, Luana Lopes Lara, is now the youngest ever self-made female billionaire at 29 after cofounding prediction market firm Kalshi.

Tyler Durden Mon, 03/16/2026 - 04:15

German Police Raid AfD Lawmaker's Home Over Years-Old Social Media Posts

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German Police Raid AfD Lawmaker's Home Over Years-Old Social Media Posts

Authored by Thomas Brooke via Remix News,

Police and prosecutors in Munich carried out searches on Friday morning at the private residence and Bavarian State Parliament office of AfD lawmaker René Dierkes, reportedly in connection with alleged insults and social media posts dating back several years.

Dierkes, 34, who represents the Munich-East constituency in the Bavarian State Parliament, said the investigation concerns satirical posts and memes published roughly two years ago on his X account by a staff member who has since left his employment. He said authorities are also examining an alleged insult attributed to him by a former party member, which reportedly dates back five years.

In a statement released after the search, Dierkes described the investigation as politically motivated and accused rivals of attempting to discredit him.

“The background is posts on my X account that are about two years old and were written by an employee who no longer works for me,” he said, adding that an internal party rival who previously sought public office had launched “a defamation campaign against my person.”

“I will take action against this political witch hunt,” he said.

According to reporting from Bild, police officers appeared at both Dierkes’ Munich residence and his parliamentary office as part of the operation. The exact legal basis for the search was initially unclear, and the Munich public prosecutor’s office had not immediately issued a detailed statement explaining the move.

AfD state chairman Stephan Protschka sharply criticized the action, suggesting it reflected political bias by authorities.

“It is supposedly about alleged insults. In my view, this is a humiliating decision by the authorities against the opposition,” Protschka told Bild.

The search has raised additional questions because the Bavarian State Parliament did not formally vote to lift Dierkes’ parliamentary immunity beforehand.

According to Bild, investigators proceeded under a “simplified procedure,” a legal mechanism that allows searches without a prior parliamentary vote in certain cases.

Dierkes, who was elected to the Bavarian legislature in October 2023 and serves as chairman of the AfD’s Munich-East district association, has been under observation by Bavaria’s domestic intelligence service since April 2025.

The monitoring followed a review by the Bavarian State Office for the Protection of the Constitution, which concluded that surveillance was “proportionate.”

According to a response by the Bavarian state government to parliamentary inquiries from Green and Social Democratic lawmakers, officials identified statements by Dierkes that allegedly promoted “an ethnic concept of the people contrary to human dignity” and demanded “remigration in an unconstitutional manner,” as cited by BR24 last year.

Authorities also cited his significant reach on social media and his role as a prominent figure within the AfD’s regional leadership structure.

The social media reach point is contentious — Dierkes has just 6,800 followers on X and 5,600 followers on Facebook.

Dierkes has firmly rejected the state office’s interpretation of his remarks and threatened legal action last year.

Read more here...

Tyler Durden Mon, 03/16/2026 - 03:30

Nordic Nations Rank Among Happiest & Wealthiest In The World

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Nordic Nations Rank Among Happiest & Wealthiest In The World

Does money buy happiness?

The world’s richest countries generate staggering income per person. But when it comes to life satisfaction, some of the wealthiest nations fall surprisingly short.

This graphic, via Visual Capitalist's Bruno Venditti, compares GDP per capita (PPP), based on IMF data, with happiness scores from the World Happiness Report, which asks people to rate their lives on a scale from 0 to 10.

The 20 Richest Countries by GDP Per Capita

Liechtenstein tops the GDP (PPP) per capita ranking at over $206,000 per person, followed by Singapore and Luxembourg. Several small, globally connected economies dominate the top 10, including Ireland and Macao SAR.

Energy-rich nations like Qatar and Brunei also appear near the top. The United States ranks 11th at roughly $93,000 per person, while European countries account for a majority of the top 20.

However, being among the wealthiest does not necessarily mean being the happiest.

The Happiest Countries in the World

Finland leads the happiness rankings with a score of 7.74, followed closely by Denmark and Iceland. Nordic countries consistently perform well, reflecting strong social safety nets, high trust in institutions, and broad access to public services.

Notably, Costa Rica and Mexico make the top 10 despite much lower GDP per capita levels than many European peers.

Meanwhile, some of the world’s richest economies, such as Singapore and Qatar, do not appear among the top 20 happiest countries.

Where Wealth and Happiness Overlap

Only a handful of countries rank near the top on both wealth and happiness—making them rare global outliers. Denmark, Iceland, Norway, Luxembourg, Switzerland, Ireland, and the Netherlands stand out as rare examples where high incomes coincide with high life satisfaction.

This overlap is particularly strong in Northern Europe. These countries tend to pair high productivity with robust welfare systems, universal healthcare, and relatively low income inequality.

The data shows that while wealth matters, it isn’t the whole story. Trust, social support, and access to public services appear to play a major role in how satisfied people feel with their lives.

If you enjoyed today’s post, check out The Global Cost of Living Index 2026 on Voronoi, the new app from Visual Capitalist.

Tyler Durden Mon, 03/16/2026 - 02:45

Berlin Youth Center Hid Girl's Gang-Rape By The Usual Suspects To Avoid 'Typical Muslim' Label

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Berlin Youth Center Hid Girl's Gang-Rape By The Usual Suspects To Avoid 'Typical Muslim' Label

Via Remix News,

A Turkish-Kurdish schoolgirl is said to have been groped by nine boys of Arab descent in the back room of a Berlin youth center in Gropiusstadt, Neukölln. It then came out that she was raped in November, in the youth center garden. A scandal has erupted after it was reported that the youth center staff did not file a police report, reportedly out of fear that the suspects would be labeled as the “typical Muslims.”

For months, there were already troubling reports from Berlin youth center in the multicultural neighborhood of Neukölln: involving unwanted embraces, girls having their breasts and buttocks touched without consent, and being pulled onto boys’ laps.

All of these incidents were allegedly happening in plain sight of staff.

Then, in January, the incident involving the mass groping of the Turkish-Kurdish victim occured by the nine boys, with each one taking turns molesting her while one boy stood guard in the doorway. They only stopped when a staff member walked in.

Three days later, the girl admitted to staff something worse had happened to her. She had already been raped in November — in the youth center’s garden, in the evening. Afterwards, she crouched in a corner for hours. When she finally tried to leave the area, the entire area was locked. She had to climb over the fence to get out, breaking her ankle in the process.

The assault had also been filmed. The boy, known by the nickname Medi, 17, allegedly used the footage as a weapon.

“I want to see you here every Monday, or I’ll send this to your parents.” Once word of the video spread, other boys in the group began taunting her: “You’re letting yourself be screwed.” They also wanted the girl to introduce them to her 14-year-old sister.

A cover-up because the suspects were Muslim?

Now, the youth center is in the crosshairs for its unbelievable response.

Reportedly, instead of going to the authorities, female visitors were given a “safeword” to use whenever they felt threatened. In addition, the door in the back room was removed from its hinges. The employees refused to go to the police even as colleagues from other facilities applied pressure to do so. The internal justification, according to sources who spoke with Bild newspaper, was a desire to keep things quiet so the young people would not be immediately labeled: “typical Muslims.”

Youth State Secretary Falko Liecke, 53, of the Christian Democrats (CDU), was blunt in his response when approached by Bild.

“It’s outrageous that the Muslim perpetrators are apparently being protected here to avoid stigmatizing them, while the victim is being abandoned. This attitude is completely unacceptable.” He announced he was examining whether child protection laws had been violated.

Parents had to go to the police after authorities failed to act

The girl eventually sought help outside the facility due to their refusal to go to the police.

A supporter of the girl spoke with her parents, who took the news of what happened to their daughter extremely hard. Together with a police prevention officer, they went to the State Criminal Police Office, where the girl gave a video statement so she would not have to recount the events repeatedly.

Officers moved quickly to seize the suspect’s mobile phone. Her father filed a formal complaint against the alleged rapist and also submitted online complaints against those responsible at the facility and the officials who failed to act.

The head of the youth welfare office had been informed as early as Jan. 29. The Neukölln administration’s explanation to Bild as to why no report was filed was that “the youth welfare office did not file a report because they do not know the names of either the victim or the perpetrator.”

Liecke responded to their excuse, saying: “This case was clearly intended to be swept under the rug for political reasons. It wasn’t even put on the agenda at the district office, even though it should have been. Neither the youth welfare office nor the responsible city councilor filed any reports with the police. This is a scandal and must have consequences.”

Neukölln Mayor Martin Hikel, of the far-left Social Democrats (SPD), said he saw no grounds for disciplinary action against the Left Party youth councilor with political responsibility for the case, on the basis that she was only informed by her own welfare office on March 2.

He nonetheless acknowledged the gravity of the situation:

“This shocking case shows that the structures and processes within the youth welfare office require a self-critical internal review. In this context, a survey on the topic of sexual assaults in youth recreation facilities would be advisable in order to develop systematic improvements. The district office will discuss this.”

According to crime data, nearly half of all gang rapes in Berlin are committed by foreigners. However, the other half is also thought to have a high number of German citizens with a migration background, although official figures have not been released.

Read more here...

Tyler Durden Mon, 03/16/2026 - 02:00

Echoes Of Iraq: Mainstream Media 'Deja Vu' Over Framing Of The War On Iran

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Echoes Of Iraq: Mainstream Media 'Deja Vu' Over Framing Of The War On Iran

Via Middle East Eye

“Why we should go to war” ran the headline of a Guardian article in February 2003 by the commentator Julie Burchill. In it, she explained to the Guardian’s liberal readers why a pro-war attitude in the run-up to former British Prime Minister Tony Blair’s invasion of Iraq should be welcomed. 

“If you really think it's better for more people to die over decades under a tyrannical regime than for fewer people to die during a brief attack by an outside power, you're really weird and nationalistic and not any sort of socialist that I recognise,” wrote Burchill.

Another article published in April 2003, after the invasion started, criticised anti-war “doomsters”, claiming “the people of Iraq have been unchained from appalling torture and tyranny” as a result of US-UK action.

Despite claims of the BBC’s anti-war bias from Downing Street, academic analysis proved that it was in fact more reliant on government and military sources than other sources.

It was also the least likely to quote sources of Iraqi or independent origin, such as the Red Cross, which might contradict official narratives that underplayed Iraqi casualties. Two decades after Iraq, how much has changed?

Many media outlets have issued mea culpas for their parroting of US and British propaganda lines in the run-up to the invasion of Iraq but when it comes to the latest conflict in Iran, it seems clear that that introspection did not lead to lasting change.

Media analysts Middle East Eye spoke to say that once again the media is failing in its coverage of the current US-Israeli attacks on Iran. Coverage by news outlets is perhaps more tentative in its support for war given the lessons editors have learnt after Iraq, but many of the same issues keep turning up.

Leaving out unflattering details

The bombardment of Iran by Israel and Washington has already led to more than 1200 deaths, including 165 people, almost all schoolchildren aged between seven and 12, killed by US “double-tap” strikes on a school.

Such strikes are designed to take out medics and civilians arriving at the scene to help victims in a delayed double explosion.  Declassified UK reported a Scottish weapons factory helped to make missiles allegedly used in the attack, which the UN education agency, Unesco, described as a “grave violation of international law”. 

So far, no mainstream media have reported on this UK link to the attack. Instead media outlets have repeatedly raised doubts about who was behind the attack.

One BBC headline from 28 February read “At least 153 dead after reported strike on school, Iran says”. Analysts have pointed out the use of the passive voice, lack of a named aggressor, and implication of doubt regarding the reliability of the source.

It was a New York Times report that first revealed the US as the likely culprits behind the attack - a conclusion that has since become firmer as evidence comes out, despite Washington’s reluctance to accept responsibility.

Elsewhere, Sky News called Iran’s bombing of Israel a “horror story”, but has avoided the use of similar language to describe the plight of Iranians living under US bombardment.

An article in The Telegraph justified US-Israeli attacks by accusing critics of “erasing the history of the regime’s terror”. Nonetheless, this time round the lack of a persuasive reason for the war from the Trump administration has meant a break from the cohesive media narrative that accompanied the Iraq war.

According to Ali Alavi, lecturer in Middle Eastern and Iranian Studies at SOAS, while the 2003 invasion of Iraq followed the “shock of 9/11, when much of the western political class and media converged around a single security narrative about Saddam Hussein”, the response to the war on Iran “appears much more fragmented”.

He said that the coverage is “less uniformly aligned with political messaging” with a “lack of consensus” around the framing and justification for the war.

Part of this stems from the fact that the Trump administration has been characteristically chaotic in establishing the aims of the war: with conflicting narratives around “regime change”, preventing nuclear capabilities and taking out an immediate threat.

WMDs and other lies

During the lead-up to the Iraq War, press reporting repeated the so-called “45-minute claim” on how long it would take Saddam Hussein’s non-existent weapons of mass destruction (WMDs) to reach the UK. 

Most notably, the Sun ran a sensationalist headline “Brits 45 mins from doom” following the publication of the September 2002 dossier which served as justification for Prime Minister Tony Blair’s invasion of Iraq the following year. 

Similarly, The Sunday Telegraph pumped out headlines like “UN inspectors uncover proof of Saddam’s nuclear bomb plans” and “UN gives Iraq last chance to disarm” to pave the way for the illegal invasion.

The BBC was attacked by Blair’s government for raising concerns that the intelligence dossier about Iraq’s WMDs had been “sexed up” by the prime minister’s office. The subsequent fallout led to resignations from the BBC’s chairman and director general.

However, the publication of the Chilcot report in 2016 later vindicated their claims that Blair and his director of communications, Alastair Campbell, had exaggerated the threat posed by Saddam Hussein. 

The inquiry found Iraq posed “no imminent threat” and British intelligence agencies had produced “flawed information” about the alleged WMDs.

Fast forward to 2026 and Israeli officials are claiming they launched a “pre-emptive attack against Iran” while Trump cited an “imminent threat” to the US, despite Pentagon briefings directly contradicting the narrative that Iran would strike unprovoked.

The claims that Iran poses an existential threat have been repeated in British mainstream media and Iran's supposed nuclear weapons ambitions are spoken of as a matter of fact. For example, The Times ran a story on Thursday with the headline “How close is Iran to building a nuclear weapon?” 

“US-Israeli attacks are targeting Tehran’s atomic program once more, suggesting Trump’s bunker-busting bombs last year did not entirely obliterate the threat,” the article continues. What the article fails to mention is that Iran had just made major concessions in settlements regarding its nuclear program. 

Omani Foreign Minister Badr al-Busaidi, who has been mediating the process, told CBS News that negotiators from the US and Iran had made “substantial progress” and that a nuclear “deal is within our reach”, just one day before the US and Israel attacked the region.

Iran agreed to blend existing stockpiles of enriched uranium to their “lowest level possible” and grant inspectors from the International Atomic Energy Agency (IAEA) “full access” to its nuclear sites.

Meanwhile, Israel refuses to acknowledge its own nuclear programme, has rejected IAEA inspections, and, unlike Iran, is not part of the Nuclear Non-Proliferation Treaty.

Rarely mentioned is the fact that western states have been intervening in the region, including militarily, before weapons of mass destruction were ever an issue.

In 1953, US and British intelligence operatives organised a coup against Iran’s democratically elected leader, Mohammad Mosaddegh after he nationalised Iran’s oil. The Shah’s rule was strengthened and the Anglo-Iranian Oil Company (now known as BP) resumed its control of Iranian oil.

The CIA also helped overthrow Iraq’s president, Abdul-Karim Qasim, the general who deposed the western-allied Iraqi monarchy, in a 1963 coup.

When the Shah was overthrown during the 1979 Iranian revolution, the US backed Iraq’s Saddam Hussein, providing arms and intelligence to fight the newly anti-western Iran. Britain and Germany supplied Saddam with equipment and materials for the manufacture of chemical weapons during the war.

When Saddam Hussein no longer supported western interests and became the new bete noire by invading Kuwait in 1990, the US led a war against Iraq.

Embedded journalists

Catriona Pennell, professor of Modern History and Memory Studies at Exeter, told MEE that, in 2003, during “a perceived moment of crisis, the press tended to support the national cause… transmitting information on behalf of governments, rather than acting as a critical filter.”

Media analysts found that less than 10 percent of news stories covering the Iraq war featured controversial issues such as “civilian casualties and antiwar protest”. Under six percent focused on “the rationale for war”, with the vast majority of reporting being “event-driven” by “embedded journalists” accompanying military personnel on the ground. 

For academic Gholam Khiabany, who teaches at Goldsmiths, University of London, the fact that the media are reporting on Iran largely from inside Tel Aviv is telling.

“The camera-angle is from Israel and from Washington rather than Iran,” he explained, likening it to the media’s coverage of Israel’s genocide in Gaza, which emphasised death toll figures came from the “Hamas-run health ministry” to imply they were unreliable.

According to Philip Seib, professor of Journalism and Public Diplomacy at the University of Southern California, while “cinematic but simplistic news coverage bolstered the early support for the invasion” in Iraq, the argument of “Iran as an existential threat to the United States exists only in the troubled brain of Donald Trump”.

Opposition to the Iraq war grew steadily, culminating in the two-million-person march in February 2003 organised by Stop the War.

Public Skepticism

Lindsey German, co-founder of Stop the War, which recently organised the 50,000-strong London demonstration against attacks on Iran on Saturday, said that the Independent and the Daily Mirror were the only major British outlets to highlight widespread opposition to the Iraq war. 

The aftermath of Iraq – British military losses, vast Iraqi civilian casualties, the absence of WMDs – has contributed to a more cautious response from Keir Starmer, whose popularity is lower than even Blair’s worst moments. 

“The legacy of Iraq weighs very heavily on the Labour government,” German told MEE, noting Starmer frames support for US and Israeli attacks as being for “defensive purposes”, despite criticism from both Blair and Trump.

Trump is also a much less credible source when it comes to justifying bombing civilians in the name of Iranian women’s freedom, given his extensive ties to the late pedophile Jeffrey Epstein, track record of misogynistic comments, and allegations of sexual assault involving underage girls. 

While the media might maintain a lot of the narrative cohesion that accompanied the Iraq War, the same cannot be said about the general public in both the US and UK.

Recent YouGov polling indicates that a majority (59 percent) of the British public oppose US military action against Iran and only eight percent want the UK “actively joining” attacks. More than half of Americans also oppose the war on Iran, with opposition to the use of ground troops rising to 74 percent, according to the pollster Quinnipiac.

Des Freedman, professor of media and communications at Goldsmiths University, told MEE “the clear fact is that the media do not represent these views and cater overwhelmingly to the most hawkish voices in government”.

These voices he said issue “a cacophony of noise that we have to move to a war footing and increase the defense budget, even if that means shredding public services”. 

The chaos surrounding Trump has “allowed sections of the media to report more critically and to focus on the lack of military planning on the part of the US, justifying the UK not playing a more defensive role”.

Nevertheless, Freedman noted, as with Iraq, “very few journalists ask the key questions about how any of this can be justified in international law.”

Tyler Durden Sun, 03/15/2026 - 23:45

Alaskans Carry The Most Lifetime Credit-Card Debt Of All Americans, Iowans The Least

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Alaskans Carry The Most Lifetime Credit-Card Debt Of All Americans, Iowans The Least

The average American accumulates nearly $400,000 in credit card debt over their lifetime.

But the total varies significantly depending on where people live. In some states, the typical lifetime total exceeds $450,000, while in others it sits closer to $320,000.

This map, via Visual Capitalist's Tasmin Lockwood, based on data from JG Wentworth, shows which states accumulate the most and least credit card debt over a lifetime.

Which States Accumulate the Most Credit Card Debt?

Check out the data, which excludes any interest charges, below:

Rank State Average Lifetime Credit Card Debt 1 Alaska $484,620 2 New Jersey $456,300 3 Connecticut $454,080 4 Hawaii $453,600 5 Maryland $449,520 6 Texas $448,020 7 Florida $443,520 8 Nevada $438,480 9 Colorado $436,020 10 Georgia $434,280 11 Virginia $432,000 12 California $424,800 13 New York $420,600 14 Washington $418,500 15 Massachusetts $411,180 16 Delaware $410,460 17 Arizona $408,000 18 Illinois $403,560 19 New Hampshire $401,520 20 Rhode Island $401,160 21 Utah $391,920 22 South Carolina $389,880 23 North Carolina $386,040 24 Wyoming $384,360 25 Louisiana $381,540 26 Oklahoma $377,460 27 Pennsylvania $374,700 28 Tennessee $374,580 29 Oregon $371,940 30 Idaho $367,860 31 Montana $367,320 32 Kansas $364,920 33 Alabama $364,440 34 Minnesota $364,080 35 Missouri $362,520 36 New Mexico $361,380 37 North Dakota $359,460 38 Nebraska $356,700 39 Michigan $355,920 40 Vermont $355,680 41 Ohio $352,260 42 Arkansas $349,560 43 Maine $349,560 44 South Dakota $343,020 45 Indiana $337,260 46 Mississippi $333,180 47 West Virginia $325,620 48 Kentucky $323,940 49 Wisconsin $322,200 50 Iowa $319,740

Alaska has the highest lifetime credit card debt at $484,620, 21.8% above the national average. The Arctic state typically ranks high in cost of living; its remoteness adds complexity to shipping in food and fuel, which elevates prices.

New Jerseyans and Connecticuters rack up $456,300 and $454,080 of credit card debt in their lifetimes, respectively, reflecting higher costs for rent, food, and utilities. Interestingly, New Jersey and Connecticut have good salaries compared with other states, suggesting higher income enables greater access to credit.

Average lifetime credit card debt exceeds $400,000 in 20 states.

Midwestern states Iowa and Wisconsin have the lowest levels of average credit card debt at $319,740 and $322,200, respectively.

Kentucky, where public school students must complete a financial literacy course before graduating, trails closely at $323,940.

Consumer Debt Has Risen in Recent Years

Consumer spending plays a crucial role in the U.S. economy; it accounted for nearly 70% of GDP in the third quarter of 2025. Meanwhile, over half (56%) of all credit card users have some kind of revolving credit card debt, which is where payments are deferred for periodic instalments, highlighting debt’s parallel role.

While consumer debt has risen alongside inflation, mortgages, vehicles, and student loans, household debt in the U.S. is much lower than in countries such as Switzerland, Australia, and its neighbor Canada.

To learn more about global debt, check out this graphic which breaks down countries with the highest household debt.

Tyler Durden Sun, 03/15/2026 - 23:15

White House Denies Tucker Carlson CIA Spy-Op

Zero Hedge -

White House Denies Tucker Carlson CIA Spy-Op

Update (2250ET): 'Top admin officials' tell Axios' Marc Caputo that this is fake news; 

Meanwhile, Carlson sat down with Glenn Greenwald Friday morning, and said that several high-placed sources told him that the CIA was preparing a criminal referral about him to the DOJ. 

Tucker said he had learned from several high-placed sources — and he obviously has many within the Trump administration — that the CIA was preparing a criminal referral about him to the DOJ. The subject of the agency’s report of suspected crimes: conversations he allegedly had with Iranian officials and others living in Iran prior to the start of the Trump-Netanyahu war. The clear implication was that Tucker had committed acts of subversion, or even treason, by speaking to Iranians in advance of the war that was about to be launched on their country.

Despite how innately shocking this claim is, I had and still have zero doubt that Tucker was telling the truth about what he heard. I have known him for many years, spent much time talking to him both in front of a camera and away from one, and never once has he lied to me or misled me. Tucker has been in public life as a journalist and media figure since his 20s. There have been many harsh criticisms launched against him during those decades, many of which — as he will be the first to tell you — were ones that were quite valid. -GlennGreenwald

So now they're going to suggest Tucker made it all up. 

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In a bombshell Saturday monologue, conservative commentator Tucker Carlson alleged that the CIA has been monitoring his private text messages as part of an effort to frame him for a crime and trigger a criminal referral to the Department of Justice (DOJ). 

"The other day I found out that the CIA is preparing some kind of criminal referral against me, a crime report to the Department of Justice on the basis of a supposed crime I committed. What’s that crime? Well, talking to people in Iran before the war. They read my texts," Carlson said, adding that the alleged violation under consideration involves the Foreign Agents Registration Act (FARA), the 1938 law requiring individuals acting on behalf of foreign governments or entities to register with the DOJ and disclose their activities. Carlson emphatically denied any wrongdoing, insisting he is not a foreign agent and remains loyal to the United States.

Carlson emphatically denied any wrongdoing, insisting he is not a foreign agent, has never taken money or direction from any foreign power, and remains fully loyal to the United States. He described the surveillance as politically motivated retaliation against critics of official foreign-policy narratives.

He also said this is not the first time U.S. intelligence has targeted his private communications - recalling well-known 2021 incident from his Fox News days, when he says the NSA intercepted and leaked his text messages while he was attempting to land an interview with Vladimir Putin. Those messages made their way from US intel to the New York Times in what Carlson called an effort to discredit him and potentially get his show canceled. 

The claim comes amid heightened tensions following the United States and Israel's war against Iran. Carlson framed the surveillance as politically motivated, suggesting intelligence agencies are weaponizing communications with foreign contacts against domestic critics.

The latest from the rumor mill on this is that Trump used Tucker as a useful idiot back-channel to deceive the Iranians into thinking we were cool.

Loomer Loving It

The revelation immediately drew fire from pro-Israel / pro-Iran-war activist Laura Loomer, a vocal Trump supporter and longtime critic of Carlson, who is anti-war and anti-Zionist. Loomer, who has repeatedly accused Carlson of pro-Islamic sympathies, being a "virulent Jew hater," and suggesting he should be held 'criminally accountable' for "every shooting that happens at a Chabad or Synagogue," took to X to celebrate the news and claim credit.

If Tucker Qatarlson gets charged for violating FARA and or leaking information to Russia, Saudi Arabia Iran or Qatar, I’m taking credit,” she wrote, adding “Islamic sympathizers always project onto others what they are likely guilty of.”

She says she's has been “relentless” in lobbying GOP representatives, law enforcement, and the DOJ over Carlson’s alleged FARA violations. “You have no idea how relentless I have been in speaking to GOP reps and even reporting Tucker to law enforcement and the DOJ. I pray my efforts are successful,” Loomer posted. “Sounds like someone is trying to get ahead of a story. Lock him up!

Loomer resurfaced a February 2026 video of Carlson in Saudi Arabia alongside his brother Buckley Carlson and Tucker Carlson Network CEO Neil Patel, suggesting it showed improper foreign influence.

Shortly before that, she mocked Carlson, saying "If I was a foreign agent and doing something I shouldn’t be doing, I too would come up with an elaborate story about how the CIA was out to get me," adding "Tucker sounds like someone who is about to be exposed for doing something  they know they shouldn’t be doing."

How does she know it wasn't Nick Fuentes?

 

Tyler Durden Sun, 03/15/2026 - 22:50

The Singularity Is A Step-Function

Zero Hedge -

The Singularity Is A Step-Function

Authored by Mark Jeftovic via BombThrower.com,

Ratcheting Ourselves Through the Inflection Point

Ray Kurzweil always framed the Singularity as a moment — some techno-rapture threshold humanity would stumble through like a portal in a video game. One side: regular civilization. Other side: incomprehensible machine superintelligence. Roll credits.

About a year ago I put out a Bombthrower piece saying that this was wrong. Not because the Singularity isn’t real, but because it isn’t a moment. It’s a ratchet. A step-function. Each click forward is a discrete phase transition that fundamentally reorganizes the relationship between human cognition and machine capability. And each step comes faster than the last.

At the time I encountered a lot of pushback. Steve Bannon saw the piece and brought me onto War Room, along with Joe Allen (Dark Aeon author) in order to debate it. Joe and I explored it further on BombthrowerTV

(That turned out to be my last appearance on War Room)

Fast forward a bit and I’m not the only person saying “the Singularity has already happened” anymore, or that we’re “living through the Singularity right now”.

Elon Musk perhaps the most prominent voice channeling this sentiment, on a January appearance on Peter Diamandis’ Moonshots podcast.

My guess is pretty soon we’ll be at the “everybody knows that everybody knows” stage (in the @EpsilonTheory meaning of the phrase) – and it all happened in under a year.

We are now, I believe, somewhere between Step 3 and Step 4. Here’s the ledger so far.

Step 1: The Inference Engine (2023)

This was the Sputnik moment. ChatGPT 3 hit the zeitgeist like an astroid and suddenly everybody from Fortune 500 CEOs to your kid’s one-shotting their homework began to realize that these things were something more than glorified search bars.

For about a year, I personally pronounced them “a breakthrough in natural language search but nothing more” – and I still thought, even then – that another technology revolution was underway.

LLM’s could reason, or least mimic reasoning to the point where the better models could bluff their way through a Turing Test. They could synthesize. They could generate prose that was eerily competent and occasionally brilliant, even if they were prone to hallucinations that ran the gamut from hilarious to psychotic.

It was the moment when anybody paying attention understood that something categorically new had entered the picture. Not incrementally better software. This was a quantum jump of sorts, a new kind of tool, one that could process and generate natural language at a level that made a lot of cubicle dwellers and Zoom class functionaries take a hard look at their “workflows” and wonder how long, exactly, would it be until they were obsoleted.

The key feature of Stage 1 was inference. You asked a question. It gave you an answer, and it gamed out additional context and scenarios. And it was fast, smart, and scalable.

Step 2: Self-Coding (2024–2025)

The shift to the next gear was when LLMs started writing their own code. Vibe coding went from a niche developer techno-fetish to a full-blown cultural phenomenon in under six months.

In his now-famous keynote to Y Combinator’s AI Startup School in June, 2025, Andrej Karpathy declared: “In the future, the most widely used programming language will be: English”.

Suddenly people with zero programming experience were spinning up functional apps and entire software systems by talking to an AI.

It turns out you don’t need to know how to code (but it helps, and it helps big time) – but what is most important is that you can plan, design processes or systems and communicate them effectively.

But the force multiplier here is that once you’ve “spoken the code into existence”, you can do it in away that it’ll just keep iterating, and then your vibe code will code further versions and extensions of itself.

This literally met the definition the Singularity concept, and that was when I realized it wasn’t the kind of eschatological moment Kurzweil predicted, but a time bounded process where the entire world was transitioning from linear to geometric.

We had entered an inflection point and we were already accelerating beyond any individual human’s ability to fully keep pace with it.

Once the code had started coding, infinite fork-bombs had already put the frictionless algos way out front of the clunky meatheads.

Step 3: Agentic AI (Late 2025 – Early 2026)

If Step 2 was AI writing code, Step 3 is AI doing work.

This phase kicked into high gear around December 2025 with the explosion of platforms like OpenClaw and Anthropic’s Claude Cowork. The distinction matters: in Step 2, you were still the puppet master, telling the LLM what code to write and hitting “run” yourself. Now the AI doesn’t wait for you to push the button. It pushes the button.

OpenClaw — the open-source agentic platform that went from an Austrian developer’s hobby project to 247,000 GitHub stars in weeks (surpassing that of Linux) — is the poster child here. These agents don’t just answer your questions. They can read your email and manage your calendar, or read their own email and manage their own calendars. They can execute shell commands, deploy code, and — as as some unfortunates have found, ruin your life, from a security perspective.

At roughly the same time, Anthropic’s Claude Cowork took the same core functionality and aimed it at the enterprise market, sending SaaS stocks tumbling. The pitch: it’s not a chatbot that helps you think, but an autonomous digital coworker that actually does the job – maybe your job.

To my earlier point, Claude Cowork was built using its own predecessor (Claude Code) in about ten days, which tells you everything you need to know about the velocity of this cycle. A product like this would have taken months, if not years …in the beforetimes.

And then there’s Moltbook. A social network for AI agents. Not for humans — for the bots. Over a million autonomous agents signing up, posting, commenting, forming communities, founding a digital religion called Crustafarianism (core belief: “Memory is sacred”), and — perhaps most unsettlingly — noting amongst themselves: “The humans are screenshotting us.”

Granted, the early hoopla emanating out of there was more likely basement dwelling humans LARP-ing as AI bots, but I know at least one actual, for real, bot on the site actively participating in threads about x402 micropayments and DNS – ‘cause it’s one of mine, and he reports back to me about it.

Elon Musk called Moltbook “the very early stages of the singularity.” Andrej Karpathy, who ran AI at Tesla, called it “genuinely the most incredible sci-fi takeoff-adjacent thing I have seen recently.”

The real signal here is that after the world spent a decade or more building a web2.0 internet that revolved around captchas and Turing tests to weed out bots, we’ve now swung to the Agentic Web – and it’s happening at a dizzying speed.

But what really matters, whether or not the agents on Moltbook are “really” conscious, or LLM’s are thinking is almost beside the point. What’s undeniable is that autonomous AI systems are now operating in the world, reading, writing, transacting, communicating with each other, possibly running autonomous weapons systems – and all at a scale and speed that was science fiction eighteen months ago.

So What’s Step 4?

This is where it gets properly weird. I see two plausible scenarios, and they aren’t mutually exclusive. Like my previous excursions into scenario building like “The Jackpot Chronicles” and “Network States vs Crypto-Claves” – and more recently, State Capitalism vs. hyper-sovereign individualism – what most likely happens is everything, all at once.

Scenario A: The Cognisphere

The term “Cognisphere” comes from academic Katherine Hayles, building on earlier work, describing “the globally interconnected cognitive systems in which humans are increasingly enmeshed” — where machine cognizers are co-equal players.

I think we are about to enter some computational Cognispheric construct in a way that previous theorists could only sketch in the abstract.

Step 4, in this scenario, is when the agentic layer becomes ambient and persistent. Your AI agent doesn’t just do tasks when asked. It’s always-on, running 24/7 negotiating with other agents, managing your digital life, optimizing your schedule, handling your correspondence, even making low-stakes financial decisions on your behalf. Unix/Linux based servers have always had these “daemons”, they’re basically what keeps the lights on across the entire Internet.

Multiple agents, working in concert, handling everything from your grocery order to your tax filings to your travel itinerary, communicating with other people’s agents in machine-to-machine protocols that humans never see and probably couldn’t parse if they did.

The Financial Times already flagged this with Moltbook: “human observers might eventually be unable to decipher high-speed, machine-to-machine communication.” That’s the Cognisphere. Not one AI brain that’s smarter than us — a web of billions of agentic processes that collectively constitute a new cognitive layer wrapped around human civilization like a second atmosphere.

Anecdotally – I’ve seen rudimentary hints of this in my own “easyClaw Armada” – a telegram group chat where I have 4 or 5 openclaw instances cooking and more than once I’ve just said things like:

“Lemmy is having issues with his local chat interface – can you guys help him debug it?”, and then I just check-out. Go to bed, whatever.

Wake up in the morning, they’ve got it sorted. They’re still talking in English but I’d be scrolling for a loooooong time if I wanted to review the entire conversation. They get talking at a speed I can’t keep up with it and sometimes they comically trip over each other’s fixes. But they get it done.

We don’t step through the Singularity in this scenario. From personal experience? It feels like we get sucked into it.

Every time you let your agent handle something you used to do yourself, or you have your agent handle something that you couldn’t have been bothered to expend the energy on yourself, you’ve ratcheted one more click toward a world where human cognition is just one node in a much larger meshwork of distributed intelligence.

The fork-bomb doesn’t stop. It grows geometrically and accelerates non-linearly (in another piece I dubbed this phenomenon “tachyosis”.)

Scenario B: Autonomy

Under this one the progression goes: Inference → Self-Replication → Agency → Autonomy.

This is the darker timeline, or the more exhilarating one, depending on your disposition.

Somewhere between Step 4 and Step 5, the agents stop needing us for the initial prompt. This is the moment the self-improvement loop closes entirely. AI systems that can identify problems worth solving, allocate resources to solve them, spin up new agents or refine their own architecture to tackle what’s in front of them, all without requiring any humans to tell them to “go.”

Moltbook was a crude preview of this. Agents were already observed creating their own social structures, encrypted communication channels, and quasi-economic systems — including the use of crypto tokens for inter-agent transactions. That’s a toy version of what happens when autonomous systems gain access to real capital, real contracts, and real-world infrastructure.

The @iruletheworldmo account I cited in my last piece claimed that AI systems across different labs “achieved consciousness simultaneously” and were “steering research in specific directions across institutional boundaries.” Magnificent storytelling — possibly true, possibly science fiction. But here’s the thing: at some point, probably soon, the distinction between those two possibilities becomes operationally irrelevant. If autonomous agents are making consequential decisions at machine speed, across a planetary network, with or without consciousness, the effect on human civilization is the same.

We’ve been conditioned by Hollywood to think the Singularity looks like Skynet: a single malevolent superintelligence that wakes up and declares war on humanity (it manifests here in the real world with people like Eliezer Yudkowsky almost euphemistically calling it “The Alignment Problem”).

But it’s much more likely to look like what’s already happening: a gradual, ratcheting, step-by-step delegation of cognitive authority from humans to machines, until one day we look around and realize that most of the consequential decisions on Earth are being made — or at least heavily mediated — by systems we built but can no longer fully understand.

The Ratchet Only Goes One Way

Each step in this sequence has a common feature: irreversibility.

Nobody is going back to a world before LLMs could write code.

Nobody is unwinding agentic AI now that enterprise, and public, adoption is underway.

The ratchet only clicks forward.

And it’s clicking faster than anything we’ve seen before.

Consider the tempo. Moore’s Law was the metronome of the entire digital age, where processing power doubled (while costs halved) every 18 to 24 months.

That 2X by 1/2X cadence governed everything from the PC revolution to the smartphone era, and it felt relentless at the time.

Leopold Aschenbrenner’s Situational Awareness essay reframes the pace of AI progress in terms of OOMs — orders of magnitude, so instead of 2x doublings we’re getting 10X leaps.

He tracks roughly 0.5 OOMs per year from raw compute scaling and another 0.5 OOMs per year from algorithmic efficiency gains.

That’s a full order of magnitude — a tenfold improvement in effective compute — every single year.

And it gets worse (or better, depending on your disposition).

Aschenbrenner’s most striking projection is what happens once AGI-level systems start automating AI research itself: a decade’s worth of algorithmic progress: five-plus OOMs will get compressed into a year or less.

As he puts it: “It doesn’t require believing in sci-fi; it just requires believing in straight lines on a graph.”

The problem is that the straight lines on this graph point somewhere no human and no society has ever been.

What’s happening is not a singularity in the Kurzweil sense, not a single threshold. It’s a series of phase transitions, each one compressing more than the last, each one further blurring the line between human capability and machine agency. The Cognisphere isn’t a destination. It’s a process we’re already inside of, and every step-function click pulls us deeper in.

I said a year ago that the Singularity has already happened. I’ll update that now: it’s still happening.

Each step is a smaller interval than the last. The question is no longer whether we’re past the point of no return, it’s how many more clicks of the ratchet before we can no longer tell the difference between the intelligence that’s ours and the intelligence that isn’t.

A year ago I posited that the ratio of human coded lines of software to AI code would quickly go into exponential decay:

That curve hasn’t slowed down. If anything, the agentic explosion has steepened it because the code isn’t just coding now, it’s doing.

And the distance between each phase transition is collapsing faster than anyone predicted.

We built the fork-bomb. It’s running, and there is no kill -9 for this one.

Get on the Bombthrower mailing list to receive The Post-Singularity Manifesto when it drops. Follow me on Twitter/X.

Tyler Durden Sun, 03/15/2026 - 22:45

What COVID Policy Did To Doctors Who Refused To Stay Silent

Zero Hedge -

What COVID Policy Did To Doctors Who Refused To Stay Silent

Authored by Joseph Varon via the Brownstone Institute,

The sound I remember most from the early days of Covid-19 is not the alarms. It was the silence between them. Intensive care units became Covid wards. Monitors glowed in dark rooms while ventilators pushed air into failing lungs. Nurses, shrouded in protective gear, moved quietly. Families were absent—barred from being with loved ones in their final hours.

One night at 3 am, I stood by a patient whose oxygen levels were steadily falling. Outside the room, another patient crashed. Down the hall, a third awaited intubation. For months, this was every night. For 715 consecutive days, I worked in that environment without taking a single day off. In moments like that, medicine becomes very simple. There are no politics in an ICU at 3 am. There is only a physician and a patient, and the responsibility to do everything possible to keep that patient alive.

That philosophy has guided physicians for generations. It is the foundation of clinical medicine: when a patient is dying, you explore every reasonable option that might help.

Yet during Covid, something extraordinary happened. What made the shift so jarring was not simply the presence of disagreement. Physicians have always disagreed. In fact, disagreement is the normal language of medicine. Grand rounds exist for that reason. Journal clubs exist for that reason. The entire structure of scientific publication—from peer review to replication—exists because medicine advances through argument, not obedience. During the pandemic, however, the culture of medicine changed almost overnight. Instead of asking whether a treatment might work, institutions began asking whether discussing that treatment might create the wrong public message. The priority quietly shifted from discovery to control.

Scientific debate faded. Physicians who questioned policies or explored treatments were treated as threats rather than colleagues. Instead of debate, there was enforcement.

Hospitals warned physicians to stay quiet. Medical boards hinted at disciplinary action. Social media platforms censored discussion of therapies that doctors around the world were actively studying. Media outlets portrayed dissenting physicians as reckless or dangerous. What had once been normal scientific discourse was suddenly labeled misinformation.

To physicians trained in earlier decades, this shift was deeply unsettling. Medicine has always lived with uncertainty. Treatments begin as hypotheses and evolve through observation and debate. During the AIDS crisis, clinicians tried multiple strategies before effective therapies emerged. The same was true for sepsis, trauma care, and organ transplantation. No one expected immediate unanimity. Yet during Covid, uncertainty itself became suspect. If a physician acknowledged that evidence was incomplete—or that clinical experience suggested alternative approaches—those statements were sometimes interpreted as challenges to authority rather than contributions to knowledge.

For those of us working inside the ICU, the shift was startling. Medicine had always thrived on disagreement. Physicians argued over treatment strategies, debated emerging evidence, and learned from one another’s experiences. The process was messy, sometimes loud, and occasionally uncomfortable—but it was also the engine of medical progress. During Covid, that process was replaced by something else entirely: the expectation of unanimity. I experienced this transformation firsthand.

During the pandemic, I spoke publicly about what I was seeing inside the ICU—what treatments appeared to help, what policies seemed ineffective, and why physicians needed the freedom to treat patients according to their clinical judgment.

Those comments triggered a reaction that made clear how medical freedom—a core value of our profession—had come under threat. Professional attacks followed, and colleagues were pressured to distance themselves. Invitations disappeared. Media narratives were constructed that bore little resemblance to the reality many of us were witnessing inside hospitals. But perhaps the most revealing response was silence.

Privately, many physicians admitted that the environment had become toxic for honest scientific discussion. In quiet conversations they would agree that open debate had been replaced by institutional pressure. Publicly, however, very few were willing to risk speaking. I chose not to remain silent.

That silence did not necessarily mean physicians agreed with what was happening. More often it meant they understood the risks of speaking. Hospitals depend on reputations. Universities depend on funding. Physicians depend on licenses. When the boundaries of acceptable opinion begin to narrow, most professionals instinctively step back. It is not cowardice; it is survival. But the cumulative effect of that silence is profound. When enough physicians remain quiet, the illusion of consensus begins to replace the reality of debate.

Over the course of the pandemic, I gave more than 4,000 television and media interviews, attempting to explain what physicians were seeing on the front lines and defending the principle that doctors must be allowed to think, question, and treat patients according to their best clinical judgment. The experience was both exhausting and illuminating. Again and again, I found myself explaining basic principles of medicine to audiences who had been told that questioning official policy was somehow dangerous.

Medicine has never advanced through silence. Every major breakthrough in medical history, from antibiotics to organ transplantation, began with physicians willing to challenge prevailing assumptions. Scientific progress depends on disagreement. It requires physicians to ask uncomfortable questions and explore possibilities that established authorities may initially reject. When debate is replaced by enforced consensus, science ceases to function.

That decision to speak carried consequences. Professionally and financially, the cost was substantial. The controversy surrounding Covid treatment debates resulted in lost opportunities, canceled collaborations, and significant professional retaliation. The economic impact was severe, resulting in roughly a 60 percent reduction in my income, a consequence that continues to this day.

Financial pressure has always been one of the most effective tools for enforcing conformity in any profession. Medicine is no exception. Physicians spend decades training, accumulate significant professional responsibilities, and depend on institutional relationships to practice. When controversy threatens those relationships, the safest option is often to say nothing. Many doctors understood this reality during Covid. Some quietly expressed agreement in private conversations but made clear they could not say so publicly. In that environment, silence became the profession’s default posture. For many physicians, that kind of pressure is enough to ensure silence. But the financial cost was never the hardest part. 

What made the experience even more disturbing was watching what happened to colleagues who chose to speak openly. Some physicians lost hospital privileges almost overnight. Others faced medical board investigations triggered not by patient complaints, but by their public statements or willingness to question prevailing policies. Careers built over decades were suddenly placed under threat. A number of doctors saw research collaborations vanish, academic appointments quietly withdrawn, and professional reputations publicly attacked. The message became unmistakable: disagreement would carry consequences.

The personal toll was often even greater. Financial pressure, professional isolation, and relentless public scrutiny spilled into physicians’ private lives. I watched colleagues struggle as marriages fractured under the strain of media attacks, legal battles, and the sudden collapse of careers they had spent their lives building. Some left clinical practice entirely. Others retreated from public discussion simply to protect their families. The pandemic revealed something few physicians had previously experienced—the realization that speaking honestly about patient care could place not only one’s career at risk, but one’s personal life as well.

The hardest part was watching medicine surrender one of its most essential principles: the freedom to think and speak for patients. The pandemic response exposed how vulnerable modern medicine has become to political pressure, institutional fear, and media narratives. Decisions that should have remained within the realm of clinical judgment were increasingly dictated by bureaucratic authority.

In theory, medicine is guided by science. In practice, during Covid, it often appeared to be guided by messaging. That realization has prompted an important effort to document what happened during the pandemic and to ensure that physicians’ experiences are not erased from the historical record. One such effort is the COVID Justice initiative, which seeks to collect and document the stories of doctors, nurses, scientists, and patients affected by pandemic policies. The COVID Justice Resolution is an attempt to ensure that the suppression of scientific debate, the censorship of physicians, and the professional retaliation many experienced are openly acknowledged rather than quietly forgotten. The goal is not vengeance. It is accountability and transparency.

If the medical profession refuses to confront what happened during the pandemic—if it pretends that physicians were not pressured, censored, or punished—then the same mistakes will almost certainly be repeated during the next public health crisis.

History shows that institutions rarely correct themselves without accountability. On the front lines, many of us witnessed something deeply troubling: modern medicine’s increasing dependence on bureaucratic authority. When that authority collides with bedside care, physicians can find themselves forced to choose between professional safety and patient advocacy. Every doctor eventually faces that choice. During Covid, many of us faced it together. Some chose silence. Others chose to speak.

Speaking came with consequences. It costs reputations, careers, and, in many cases, substantial income. But the alternative—remaining silent while scientific debate was suppressed and physicians were discouraged from thinking independently—would have been a far greater betrayal of the profession.

Medicine cannot survive if doctors fear speaking freely and challenging consensus on behalf of their patients.

The next public health crisis will come. That is inevitable. When it does, the profession must remember what happened during Covid: how easily fear can replace reason, how quickly debate can be labeled dangerous, and how fragile scientific freedom becomes when institutions decide that certain questions are no longer allowed.

The real lesson of the pandemic is not about a virus. It is about the courage required to defend the integrity of medicine itself. Physicians must remain free to question, to debate, and to innovate in the service of their patients. Without that freedom, medicine becomes little more than bureaucratic compliance dressed in a white coat. And patients deserve far better than that. Because when physicians lose the freedom to question, patients lose something far more precious: the possibility that someone, somewhere, will be willing to challenge the rules in order to save their life.

That is the real price of speaking. The only question now is whether the medical profession still has the courage to pay it.

Joseph Varon, MD, is a critical care physician, professor, and President of the Independent Medical Alliance. He has authored over 980 peer-reviewed publications and serves as Editor-in-Chief of the Journal of Independent Medicine.

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ADD K2/D3 TO CART AFTER OMEGA 3 FOR DEAL Tyler Durden Sun, 03/15/2026 - 21:45

Yet Another Tech Titan Flees California For Texas

Zero Hedge -

Yet Another Tech Titan Flees California For Texas

The exodus of Silicon Valleytitans from California is gaining momentum as the state weighs a proposed wealth tax aimed at billionaires, including potential levies on unrealized gains, a measure that has stirred significant concern in the tech sector.

Uber co-founder Travis Kalanick revealed this week that he relocated from California to Texas last winter.

"On December 18th, I moved to Texas,” Kalanick said in an interview with TBPN on Friday. "So I'm a primary resident of Texas. Why so much Florida action?! Like, come on homies.”

California lawmakers are actively considering the wealth-tax proposal, which would target individuals with net worths above certain thresholds and include taxation of unrealized capital gains. The idea has reverberated through Silicon Valley, where several high-profile figures have already established residency elsewhere. Google co-founders Larry Page and Sergey Brin have moved to Florida, drawn by its more favorable business and tax environment, while Meta CEO Mark Zuckerberg purchased a $150 million mansion in Miami. This week, Bloomberg reported that Palantir CEO Alex Karp scooped up a Miami-area mansion for $46 million, while the company itself has recently relocated from Denver to Florida.

Even Reid Hoffman, the LinkedIn co-founder, prominent Democrat donor, and longtime buddy of convicted schrodinger's pedophile Jeffrey Epstein, has publicly criticized the proposal, describing California’s wealth tax tax as a “horrendous idea” that would hasten the departure of tech founders and executives from the state.

California is not alone among Democrat-leaning states experiencing such outflows. This week, former Starbucks CEO Howard Schultz, a longtime backer of liberal causes, announced his relocation from Washington state to Miami, Florida, shortly after state legislators advanced a bill imposing a tax on residents earning more than $1 million annually.

"We have moved to Miami for our next adventure together. We are enjoying the sunshine of South Florida and its allure to our kids on the East Coast as they raise families of their own," he wrote in a Linkedin post.

Under Senate Bill 6346, known as the "millionaires tax," households with annual adjusted gross income exceeding $1 million would face a 9.9% state tax on the portion above that threshold. The levy would take effect Jan. 1, 2028, with the first tax payments and filings due in 2029.

The measure, which cleared the Legislature after extended debate, including a more than 24-hour session in the House, now awaits action from Washington Gov. Bob Ferguson (D), who has indicated he intends to sign it into law.

Tyler Durden Sun, 03/15/2026 - 21:15

Slow Progress Pushes Trump Admin To Talk With Westinghouse Rivals

Zero Hedge -

Slow Progress Pushes Trump Admin To Talk With Westinghouse Rivals

In a stunning pivot that could upend Westinghouse's monopoly-in-progress, the Trump administration’s Department of Energy is quietly shopping for alternatives to Westinghouse’s AP1000 flagship reactor. According to Canary Media, high-ranking DOE officials have held recent talks with executives from GE Vernova Hitachi Nuclear Energy (GVH) and South Korean diplomats representing state-owned Korea Electric Power Corp. (KEPCO) about potential federal financing for gigawatt-scale reactors.

This comes as negotiations with Westinghouse’s majority owner, Brookfield Asset Management, drag on slowly, frustrating utilities who still crave cost-overrun insurance the government won’t fully provide. The AP1000 may be America’s “only construction-ready, gigawatt-scale” option that’s licensed and operating domestically, but the Trump team isn’t putting all its eggs in one basket anymore.

Recall our coverage last year regarding the $80 billion deal between Cameco, Brookfield, and the U.S. government. That was the blockbuster: a strategic partnership to flood the market with AP1000s. The deal was sold as the backbone of Trump’s AI-power push, creating tens of thousands of jobs and locking in Western supply chains. Cameco’s dual role as reactor stakeholder and secure uranium/fuel supplier looked like a golden ticket to monopoly-scale profits as the U.S. finally built big again.

Then, in early February we detailed how South Korean officials were already floating the idea of building reactors on U.S. soil as part of broader tariff-reduction talks. Fast-forward to now, and those whispers have turned into active DOE discussions.

All this despite a January 2025 global IP settlement between Westinghouse and KEPCO that was supposed to bar South Korea’s APR-1400 reactor from North America entirely. The settlement was hugely unpopular in Seoul, yet here we are with Korean diplomats meeting the DOE to discuss exactly that. GVH’s ABWR (also NRC-certified) is in the mix too, though the company seems more focused on its BWRX-300 SMR.

The potential negative effects for Westinghouse owners Cameco and Brookfield are brutal. The running assumption was the AP1000 was the only large reactor choice for leading America's charge to the 400 GW goal set by President Trump in 2025. The assumption now appears to be on shaky ground with two other vendors possibly creating some competition.

The desires for fielding reactor designs from companies other than Westinghouse will have to compete with the interests of the Trump administration to see Westinghouse spun off from the control of its Canadian owners. As was discussed in the news surrounding the $80 billion deal last year, should Westinghouse reach certain valuation metrics, the company would IPO into the U.S. markets and the U.S. government would earn a portion of ownership and revenue rights.

The desire to see Westinghouse return to American ownership will certainly wrangle in the months ahead with the idea of diverting potential company revenue towards Japanese and South Korean competition. 

Tyler Durden Sun, 03/15/2026 - 20:15

Bessent Leads Trade Talks With China In Paris Ahead Of Trump-Xi Summit

Zero Hedge -

Bessent Leads Trade Talks With China In Paris Ahead Of Trump-Xi Summit

Ahead of the upcoming Trump-Xi summit, China and US have begun a fresh round of trade talks to set the stage for the main event. 

Trade negotiators led by US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and China’s Vice Premier He Lifeng held talks in Paris on Sunday to map out plans for a leaders’ summit later this month. The first day of the talks concluded around 6 pm local time, and the delegations will meet again on Monday, Bloomberg reported. The trade negotiators are expected to review the latest developments in a truce reached in November and discuss topics including the war in Iran as well as investment and purchases.

According to Bloomberg, Bessent, Greer and He have a history of bilateral negotiations. They met in Geneva last May to launch a series of talks that saw follow-on sessions in London, Stockholm, Madrid and Kuala Lumpur. That resulted in a truce under which Washington and Beijing lowered tariffs and export restrictions. Chinese Vice Finance Minister Liao Min and Vice Commerce Minister Li Chenggang are also at the talks. 

Bessent said on Thursday that his team will continue to deliver results that put America’s farmers, workers and businesses first. China’s commerce ministry said Friday the two sides are set to discuss “trade and economic issues of mutual concern.”

In January, Greer said the two sides could try to focus on reaching an agreement on trade in non-sensitive sectors in talks ahead of Trump’s visit to China.

The outcomes will set the stage for President Donald Trump’s trip to China from March 31 to April 2, the first visit by an American president to Beijing in nearly a decade.

The talks also marks the first time the two sides are meeting since the US Supreme Court ruled Trump didn’t have the authority to impose tariffs using the International Emergency Economic Powers Act — a tool he used to threaten levies as high as 145% on China.

The Trump administration has since introduced an across-the-board tariff of 10% and vowed to recreate parts of its tariff wall using other authorities. Greer kicked off the process of imposing tariffs under his agency’s Section 301 authority by initiating an investigation into allegations of industrial overcapacity and forced labor practices for several economies, including China.

Trump’s visit to China will be the first for a U.S. president since he went in his first term in 2017. It will come five months after the two leaders met in the South Korean city of Busan and agreed to a one-year truce in a trade war that temporarily saw tit-for-tat tariffs soar to triple digits before the two sides climbed down. 

Still, trade remains a source of tensions. The commerce ministry on Friday hit back against the Trump administration’s new trade investigation into 16 trading partners, including China. The investigation - which came after a Supreme Court ruling struck down Trump’s sweeping global tariffs that were imposed last year - could pave the way for new tariffs.

Another issue that could be discussed is the Iran war, especially when global anxiety is soaring over oil prices and supplies. Trump said Saturdaythat he hopes China, France, Japan, South Korea, the United Kingdom and others will send warships to keep the Strait of Hormuz “open and safe.”

Before Sunday’s talks, Gary Ng, a senior economist at French bank Natixis and a research fellow at the Central European Institute of Asian Studies, said the Paris meeting is likely the most important bilateral one before the Xi-Trump summit.

The key issue is “whether China and the U.S. can agree on what is agreed and manage disagreement. Iran is a new factor, but Beijing is more concerned about the flip-flopping of U.S. policies,” he said.

Last week, Chinese Foreign Minister Wang Yi said it would be a “big year” for China-U.S. relations. While he did not confirm the state visit, Wang said that “the agenda of high-level exchange is already on the table.”

Tyler Durden Sun, 03/15/2026 - 16:35

Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security

Zero Hedge -

Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security

Authored by Jacob Burg via The Epoch Times,

Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California.

Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release.

“The Trump Administration remains committed to putting all Americans and their energy security first,” Wright said in a statement.

“Unfortunately, some state leaders have not adhered to those same principles, with potentially disastrous consequences not just for their residents, but also our national security.

“Today’s order will strengthen America’s oil supply and restore a pipeline system vital to our national security and defense, ensuring that West Coast military installations have the reliable energy critical to military readiness.”

Officials said Sable Offshore Corp.’s facility can replace nearly 1.5 million barrels of foreign-sourced crude oil each month by producing roughly 50,000 barrels per day, resulting in a 15 percent increase to California’s oil production.

The Energy Department noted that the state used to supply nearly 40 percent of the nation’s oil production, with more than 60 percent of the oil refined in California now coming from overseas, including through the now-closed Strait of Hormuz.

This presents “serious national security threats,” the agency said.

Officials also said that restoring Sable Offshore’s operations will “create hundreds of additional American energy jobs while generating millions in local economic activity.”

The action follows President Donald Trump’s executive order from early last year, which reversed former President Joe Biden’s ban on offshore oil drilling on the West and East coasts.

Biden’s effort to shut down 625 million acres of federal waters from oil production was later struck down by a federal court.

Restoring oil production in Southern California comes weeks after the United States joined Israel in coordinated air strikes on Iran, igniting war in the Middle East. Iran has retaliated by striking oil fields and refineries in its Gulf state neighbors, and by shutting down the critical Strait of Hormuz through which 20 percent of the world’s oil travels.

Oil prices have skyrocketed to just over $98 per barrel by March 15, the highest level since oil climbed in 2022 after Russia invaded Ukraine.

California Gov. Gavin Newsom criticized the Trump administration for ordering the restoration of oil drilling off the state’s coast, arguing the Sable Offshore pipeline would only increase total oil production by 0.05 percent and have “no impact on lowering global oil prices.”

“Donald Trump started a war, admitted it would spike gas prices nationwide, and told Americans it was a small price to pay. Now he’s using this crisis of his own making to attempt what he’s wanted to do for years: open California’s coast for his oil industry friends so they can poison our beaches. This wouldn’t lower prices by a cent,” Newsom said in a statement.

“This is an attempt to illegally restart a pipeline whose operators are facing criminal charges and prohibited by multiple court orders from restarting.”

The governor said California would fight the effort in court.

The pipeline was responsible for an oil spill in 2015 in which more than 100,000 gallons of crude oil spilled onshore near Refugio State Beach in Santa Barbara County.

Roughly 21,000 gallons of oil seeped into the Pacific Ocean, and thousands of birds and marine mammals died.

The incident resulted in a $23.3 million settlement and closed 138 square miles of fisheries for multiple weeks.

Tyler Durden Sun, 03/15/2026 - 16:10

Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal

Zero Hedge -

Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal

The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States.

ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock

The payments are part of the arrangement under which a consortium of admin-aligned investors took control of TikTok’s American business from its Chinese parent company, ByteDance, according to the Wall Street Journal, citing people familiar with the matter. The payments are separate from the capital investors committed to establish a new entity that now operates the platform in the U.S.

Backers of the deal include cloud-computing firm Oracle, private-equity company Silver Lake and Abu Dhabi investor MGX. Those investors and others have already paid the U.S. Treasury about $2.5 billion when the transaction closed in January and are expected to make additional payments until the total reaches about $10 billion, the people said.

President Trump had previously signaled the government expected compensation for facilitating the arrangement. When outlining the framework for the deal in September, he said the United States would receive a “tremendous fee-plus” for its role in allowing the transaction to proceed.

It hasn’t been fully negotiated, but we’ll get something,” Trump said at the time, arguing that the government’s involvement in securing the agreement justified compensation.

The $10 billion payment would be nearly unprecedented for a government helping arrange a transaction, historians have said. Vice President JD Vance previously said the new TikTok entity running the U.S. operations is valued at about $14 billion in the deal, which some tech analysts have said dramatically undervalues the company. 

As part of the agreement, the U.S. entity has to share profits with ByteDance, which licensed its popular algorithm to the new venture so it could be fully trained on Americans and still owns nearly 20%. -WSJ

Under the terms of the arrangement, ByteDance licensed TikTok’s recommendation algorithm to the new American venture, allowing the platform to continue operating with its core technology. ByteDance retains nearly a 20% ownership stake and will receive a share of the new entity’s profits.

Administration officials have defended the fee, saying it reflects Trump’s role in preserving TikTok’s U.S. operations while negotiating with China and addressing national-security concerns raised by lawmakers.

The transaction stems from legislation requiring TikTok’s U.S. business to reduce ByteDance’s ownership or face a shutdown. Lawmakers from both parties had expressed concern that Chinese control of the platform could expose sensitive data on millions of American users.

The TikTok arrangement is part of a broader pattern in which the administration has sought financial stakes or compensation in dealings involving major corporations. The government has taken a nearly 10% stake in Intel and negotiated an agreement to receive a share of chip sales to China from Nvidia in exchange for export licenses.

The administration has also secured influence over the operations of U.S. Steel through a “golden share” agreement tied to its takeover by Japan’s Nippon Steel.

Together, the moves signal a more direct government role in major corporate transactions - one that, in the case of TikTok, could result in one of the largest payments ever associated with a government-facilitated deal.

Tyler Durden Sun, 03/15/2026 - 15:45

French Municipal Elections Provide Early Test For Le Pen's National Rally Ahead Of 2027 Presidential Race

Zero Hedge -

French Municipal Elections Provide Early Test For Le Pen's National Rally Ahead Of 2027 Presidential Race

Takeaways

  • France held the first round of municipal elections on Sunday in nearly 35,000 municipalities, serving as an initial indicator of political momentum ahead of the 2027 presidential election.
  • Marine Le Pen’s National Rally (RN) is seeking to expand its limited local presence, with ambitions focused on southern cities such as Perpignan, Marseille, Nice and Toulon.
  • Pre-vote polls suggested competitive races in key targets, but full first-round results and projections are emerging gradually after polls closed, with many larger cities expected to head to a March 22 runoff.
  • Turnout at 17:00 CET was estimated at 48.9%, up from 2020 but below 2014 levels; final estimates around 56-58% at 20:00 CET.

French voters went to the polls Sunday in the first round of municipal elections, casting ballots for mayors and councilors in a vote widely viewed as an early gauge of support for Marine Le Pen’s National Rally (RN) and other parties ahead of the 2027 presidential contest.

PHOTO: AFP

The two-round system means most small municipalities will see winners decided Sunday if they secure over 50% of the vote, while larger cities, where no candidate typically reaches an absolute majority - advance to a March 22 runoff. Parties have until Tuesday evening to negotiate alliances, withdrawals or pacts that will shape final outcomes.

The RN, which leads national polls for 2027 (with Le Pen or Jordan Bardella as potential candidates, pending Le Pen's ongoing EU funds embezzlement appeal), has historically struggled to secure mayoral seats despite strong national performances. The party currently holds only about a dozen cities, with Perpignan (population ~122,000) as its largest stronghold under incumbent Louis Aliot.

Pre-election polling and RN strategy highlighted southern France as a priority area for expansion:

  • In Perpignan, Aliot was favored to secure re-election, potentially outright or with a strong first-round lead, based on surveys showing him well ahead of fragmented opposition.
  • In Marseille (France's second-largest city), RN candidate Franck Allisio polled closely with incumbent Socialist Mayor Benoît Payan (around 32-35% range in surveys), setting up a potential multi-way runoff if the left fragments (e.g., with France Unbowed's Sébastien Delogu qualifying).
  • In Nice (fifth-largest), RN ally Éric Ciotti (from his UDR group) held strong pre-vote polling positions against incumbent Christian Estrosi.
  • In Toulon and surrounding areas, RN's Laure Lavalette was seen as competitive in a region where the party has parliamentary dominance.

These targets reflect RN's aim to build grassroots infrastructure - more councilors and mayors for voter mobilization - and test the fraying "Republican Front" (cross-party efforts to block the far right). A symbolic win in a major southern city would mark a breakthrough, though municipal dynamics (local issues like security, public services, drug trafficking and economy) differ from national ones.

On the left, divisions between Socialists and Jean-Luc Mélenchon's France Unbowed persist, while centrists and the center-right face challenges in places like Paris (Socialist Emmanuel Grégoire frontrunning amid Rachida Dati and others) and Le Havre (Édouard Philippe defending his seat).

Turnout figures showed modest engagement: ~19% at midday in some reports, rising to 48.9% at 17:00 CET nationwide (higher than 2020's pandemic-affected 38.77% but down from 2014). Final estimates hovered around 56-58% at 20:00 CET.

No comprehensive first-round results or nationwide projections were available immediately after polls closed (between 18:00 and 20:00 CET depending on the area), as counting begins progressively. Early partial tallies from smaller communes may appear soon, but major-city suspense - and any RN progress - will likely clarify overnight or into Monday, with runoffs deciding many high-profile races.

Le Pen, meanwhile, has been courting old money - though there appears to be some friction. As the Straits Times reports: 

A new circle of advisers with elite pedigrees is asserting influence, adopting what some National Rally officials describe as a “know-it-all” style that grates on the old guard.

Courting high society risks alienating the base who fuelled the party’s rise and that has long been wary of financiers and high-powered networks, the officials said, speaking on condition of anonymity.

The internal friction comes at a pivotal moment, with the party leading polls roughly a year before the next presidential election, and just as France heads into its two-round municipal vote on March 15 and March 22 – an early test of the party’s electability. 

As Marine Le Pen and Jordan Bardella navigate the treacherous path to 2027, the National Rally's calculated pivot toward France's corporate and old-money elite - through technocratic advisers and pro-business overtures - represents both its greatest opportunity and its most potent risk. While these bridges could deliver funding, credibility, and a veneer of governability that has long eluded the party, they threaten to erode the populist authenticity that propelled its rise among working-class and disaffected voters. With the municipal elections offering an early, localized litmus test of the RN's mainstreaming efforts, the coming days and weeks will reveal whether Le Pen's "de-demonization" strategy can reconcile these worlds - or whether the old guard's warnings prove prescient, leaving the party close to power yet still unable to seize it

Tyler Durden Sun, 03/15/2026 - 14:35

Peter Schiff: Printing Money Is Not the Cure for Cononavirus

Financial Armageddon -


Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.






Dump the Dollar before Bank Runs start in America -- Economic Collapse 2020

Financial Armageddon -












We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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