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Supertanker Explodes After Hitting Mine, IRGC Says, & Asserts 'Strait Of Hormuz Is Closed'

Zero Hedge -

Supertanker Explodes After Hitting Mine, IRGC Says, & Asserts 'Strait Of Hormuz Is Closed' Summary
  • IRGC says supertanker exploded after hitting mine in Hormuz, says strait remains closed.
  • 'Deal' headlines return: US seeks "Step-by-Step" agreement with Iran, reports state media.
  • Houthis seized more Red Sea territory, including Perim Island near the Bab al-Mandab Strait.
  • Iran-Gulf diplomacy was postponed, delaying efforts to address the Strait of Hormuz crisis in what was to be a rare GCC-Iran meeting.
  • Saudi oil exports face ongoing disruption after a pipeline shutdown, pushing oil prices above $100/barrel.
//--> //--> //--> Trump invokes war powers in Yemen by September 30?
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Supertanker Explodes After Hitting Mine: IRGC

Iran's IRGC Navy has late Monday (local) announced that a foreign supertanker exploded when it struck naval mines after attempting to enter an unapproved zone of the southern Strait of Hormuz, Fars reports.

Bloomberg also picked up the reported tanker explosion, providing the following further details:

  • Efforts to contain the blaze have been unsuccessful, leaving the vessel engulfed in flames, Fars says
  • The statement identified the vessel as the supertanker EL GAIA, with IMO number 9325336
  • “Warnings had previously been issued regarding the dangers of this illegal passage”
  • “IRGC Navy decisively declares that the Strait of Hormuz is closed”

If the emerging reports are accurate, it contradicts President Trump's recent claims that the strait has been fully de-mined. Reuters in late August noted of a Truth Social post that the president proclaimed "all mines ‌had been detonated or removed from international waters of the Strait of Hormuz and that Iran has been told that any ship ​or boat placing new mines will be ​destroyed."

Oil Drops on Return of 'US Seeks Deal' Headlines

Just as President Trump is appearing to show some desperation concerning soaring energy prices ahead of the midterm elections, and amid growing Republican angst, we witness a return to the 'a deal could return' style headlines which marked earlier phases of the war:

US seeks "Step-by-Step" agreement with Iran, reports ILNA citing Pakistani sources

  • As the war and US pressure against Iran continue, Washington's efforts to reach a "step-by-step" agreement with Tehran; a scenario that could be a prelude to the US entering the path of negotiations, without abandoning military and economic pressure.

And the all too familiar pattern that marked early summer...

OIL DROPS TO INTRADAY LOW, BRENT TRADES NEAR $106 A BARREL

Iranian state media is meanwhile suggesting that Washington interfered in what was a planned meeting between Iran and the Gulf Cooperation Council states (GCC) toward reopening the Strait of Hormuz. That meeting, which was supposed to happen Monday, was postponed indefinitely - after reports said the Saudis sought to add something untenable to a draft agreement. Tehran is still rejecting that it is 'seeking' new talks with Washington.

Trump has issued several provocative Truth Social posts throughout the morning...

The next weeks could possibly see a return to Axios' 'negotiations imminent' WH leak tactics, to artificially keep energy prices under control...

Meanwhile and important indicator of where things actually stand...

Yemen's Houthis Attack Saudi Base, And Take Fire After Major Conquest

Yemen's Ansar Allah -- also known as the Houthis -- claimed it fired drones and missiles at King Khalid Air Base in southern Saudi Arabia. Dozens of ballistic missiles and drones targeted military infrastructure in the rare and major cross-border attack.

The Houthis say the base suffered direct hits and extensive damage in a "large-scale military operation", though this could not be immediately verified, after the operation which their military spokesman described as retaliation more than 300 Saudi airstrikes across Yemen over most of the past week. Early reports from open source analysts suggest serious damage sustained at the base.

The sprawling base in Khamis Mushait has historically been used at times by US and UK advanced fighter jets, and has hangars that are well-fortified, though it's unknown the degree to which Western assets continue to be stationed there. For example, it was heavily utilized by the Pentagon during the first Gulf War, from where stealth fighters were launched to attack high priority targets in Iraq.

A Houthi spokesman has declared that the ongoing mission's targeting includes "weapons depots and command and control centers that are managing the aggression against our nation and people."

On Sunday, the internationally recognized Yemeni government -- which controls neither the capital nor territory encompassing a majority of the population -- said its air force launched three strikes on Houthi positions in the Taiz region. There were also reports of artillery fire on a Houthi stronghold in Saada province, on the northern border with Saudi Arabia.

Via Institute for the Study of War

In a blitz that caught the world by surprise, the Houthis late last week achieved an enormous strategic victory by conquering the remainder of Yemen's western coastline it didn't already control -- positioning it to easily enforce its declared blockade against Saudi-related shipping entering or leaving the Red Sea via the Bab al-Mandab Strait. Houthi soldiers also took over Perim Island, which sits in the strait. 

As Associated Press noted, the seizure of the new territory puts the Houthis in much closer proximity to US forces: 

The Houthis’ advance puts them just 20 miles (32 kilometers) from the U.S. military base in Djibouti, on the other side of the Bab el-Mandeb Strait. It’s the main U.S. base in Africa and one of several foreign military bases in Djibouti, including those of China, France and Japan.

The Houthi blockade is positioned as retaliation for the Saudi coalition's siege and blockade of Houthi-controlled areas of Yemen. Though the Houthi blockade only targets Saudi shipping, global cargo lines are highly wary of transiting the waterway that's narrower than the Strait of Hormuz. Many are rerouting traffic all the way around Africa's Cape of Good Hope, which requires at least 20 extra days and a lot more money. “Freedom of navigation and international trade in the Red Sea and Bab al-Mandeb are safe and orderly,” a Houthi official told Al Jazeera. 

While it's too little, too late for Riyah's hopes of some kind of big Washington intervention in Yemen, Saudi Arabia's Crown Prince Mohammed bin Salman on Monday met US Central Command chief Admiral Brad Cooper in Jeddah, the Saudi Press Agency (SPA) has confirmed. Likely they reviewed the coalition's narrowing options going forward, but President Trump has thus far expressed reluctance to get directly involved militarily, at a moment he's still trying to figure out what's next with Iran.

Iran Diplomacy Postponed

Cold water has been thrown on flickering hopes for finding an exit from the latest and most dangerous chapter in America's "endless wars," as a highly-anticipated Monday summit of Iran and other Persian Gulf states was postponed.

That bad news follows an eventful several days that saw Yemen's Iran-allied Ansar Allah take control of a large swath of strategic coastside territory. Saudi Arabia's critical east-west pipeline, shut down after a drone attack that originated in Iraq, may be the center of a major hit to global oil supply. 

The Monday meeting was set to take place in the Omani coastal city of Salalah, with attendees including foreign ministers of Iran, Oman, Iraq, Saudi Arabia, UAE, Kuwait and Qatar. Taking a US-friendly line, Bahrain had declined to attend, saying stability "cannot be preserved through a policy of appeasement” and demanding the strait be re-opened without "discrimination, fees or permits." The tiny state that is was home to the US Navy's Fifth Fleet also cited its ongoing suspension of diplomatic relations with Iran.   

The meeting was going to focus on a proposed arrangement by which Iran and Oman would jointly manage the flow of shipping through the Strait of Hormuz. Traffic through the vital waterway is at a near standstill, more than six months after the United States and Israel launched a war on Iran. Axios' Barak Ravid, seen by many as a conduit for US-Israeli narratives, reported that Saudi Arabia had submitted amendments to the proposal. 

“At the request of some regional countries and by a joint decision of Oman and Iran, the meeting of foreign ministers of Persian Gulf coastal states, which was planned for Monday, has been postponed to another date,” Iranian foreign ministry official Mohammad Ali Bak told Iran's IRNA. If the meeting comes to fruition, it would be the first one to convene top diplomats from Iran and the Gulf Cooperation Council since the war started on Feb 28. 

Previously, Iranian Foreign Minister Abbas Araghchi said attendees would be presented with route maps and other details about how ships would enter and depart the strait. Importantly, he emphasized that the proposal was not sufficient to actually reopen the strait. 

Closure of Saudi Pipeline Set To Remove 4% of Global Supply

A different lifeline was completely closed over the weekend, with no end in sight: Saudi Arabia's east-west oil pipeline was shut down after a devastating attack on a pumping station that seemingly originated with Shiite militias in Iraq. The pipeline was playing a vital role in offsetting the closure of the Strait of Hormuz, by sending oil to Saudi Arabia's Yanbu port on the Red Sea.  

Saudi oil traders told Reuters that, unless the pipeline is opened up within days, the kingdom will run out of export stock, removing as much as 4% of worldwide supply from the market. Even before the pipeline-pumping station attack, Saudi inventory had plummeted to its lowest level in 30 years.  

Though Saudi Arabia initially called the closure a mere "precautionary measure," some observers have very little optimism about a quick resumption of pipeline flow. One source told Reuters it could take five to six weeks to repair. If you'd imagined the pumping station some small facility, this image should give you a proper orientation to what must be restored "in a few days" to avert a major disruption of global supply:

Overnight, West Texas Intermediate futures leapt by 2.89% to $102.94 a barrel. Brent was up almost as much, trading at $107.56. 

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Tyler Durden Mon, 09/14/2026 - 15:59

"Dead Mall" Era Ends As Shoppers Return, Values Surge And Sector Leads CRE Revival

Zero Hedge -

"Dead Mall" Era Ends As Shoppers Return, Values Surge And Sector Leads CRE Revival

The "malls are dead" narrative gained traction in corporate media coverage in 2016 and 2017 and lasted until 2022.

Those headlines reflected the strain across the sector as excess retail space, department-store closures, and shifting consumer habits led to widespread low occupancy and cratering property values.

But now, new data suggest that the "dead mall" narrative has not just reversed: that part of the CRE market is thriving, with a Wall Street Journal report saying it's outperforming every other major CRE sector.

CRE research firm Green Street released a new report showing that mall values across the US rose 13% over the past year, leading all 10 sectors it tracks and more than doubling the increase in overall CRE prices. That recovery has attracted investors who are souring on weak performance across office and multifamily properties.

Simon Property Group, the largest US mall owner, saw its shares surpass their 2016 peak in July. That earlier peak came just as the "dead mall" narrative began to erupt in MSM headlines. The stock is up nearly 11% this year.

WSJ cited Vincent Rouget, CEO of Unibail-Rodamco-Westfield, a Paris-based CRE company, who explained that US tenant sales and net operating income growth are exceeding the company's broader portfolio average, with rent growth at levels unseen since the early 2010s.

"We see the type of rent growth that we haven't seen since the beginning of the 2010s," Rouget told the outlet.

Morgan Stanley real estate research chief Ronald Kamdem said, "In terms of how we think about the malls today fundamentally, this is probably the best it's felt post-Covid."

The tailwinds extend beyond trophy malls. CBL Properties, which entered bankruptcy protection during the Covid pandemic, reports rising traffic and sales. Its shares have climbed 48% this year, and it has acquired five properties since July 2025 after shrinking its portfolio footprint for years. 

CBL's West County Center near St. Louis couldn't refinance its debt in 2022, and the property was in decline but has since seen tenant sales increase by 13% since 2023. 

Oversupply conditions have likely abated, as Green Street said about an estimated 200 malls have closed since 2008, leaving about 900 operating nationwide. 

Resilient consumer spending has put the remaining malls on some of their strongest footing in years, and many have shifted from a department-store-led business model toward destinations built around shopping, dining, and entertainment.

Tyler Durden Mon, 09/14/2026 - 15:45

Here's What's Happening Inside Convenience Stores As Gas And Diesel Spike

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Here's What's Happening Inside Convenience Stores As Gas And Diesel Spike

We continue to track convenience store trends as an indicator of working-class sentiment, building on our coverage of the spending pullback that emerged early in the US-Iran conflict. That weakness persisted into late summer as August's fuel-price spike put further pressure on household budgets.

The Gulf conflict and a global refining squeeze pushed regular gasoline above $4.50 a gallon and diesel above $5.50 in August, leaving consumers with less room for discretionary purchases.

Jefferies food analyst Scott Marks published a note on Monday morning providing new insight into consumer trends at the convenience store level in August, as elevated fuel prices appeared to renew pressure on consumers.

Marks and his team found that visits fell 2% from a year earlier, a 1.25-percentage-point deterioration in the annual growth rate compared with July. The reversal largely erased July's improvement, he said, adding that higher fuel prices in late August and early September suggest traffic could remain under pressure.

The squeeze is showing up both at the pump and inside the store. Across tracked convenience store food categories, volumes declined roughly 9% from a year earlier during the three months ended Aug. 22, compared with a 7.5% decline over the six-month period. Dollar sales fell about 3%, even as pricing growth accelerated to approximately 6% from 5%.

Marks added more color:

What We C: Traffic Takes a Step Back in August

Convenience store traffic stepped back down in August, with rising fuel prices appearing to renew pressure on the consumer. A vast majority of top food categories saw sales worsen L3M vs. L6M, with volume trends similarly worsening in most. Performance nutrition shakes were the clear standout on strong DD% growth, underscoring consumer demand for protein, while chocolate inflected negative and energy continues to lead in beverages.

Convenience channel traffic steps back down. C-store foot traffic fell ~2% y/y in August, representing a 125 bps sequential decline vs. July. This decline follows a 150 bps sequential improvement in July, with rising fuel prices in the back half of the month that remained elevated through August likely driving the reversal in trends. Notably, with fuel prices rising further in late August and early September, c-store traffic is likely to remain under pressure. Nielsen data showed broad-based softening across top food categories, with a majority experiencing weaker sales trends in the L3M versus L6M period. Volumes also deteriorated across most categories, while pricing accelerated in the majority.

CASY results underscore trade-down, low-end more pressured. CASY FQ1 pointed to a consumer still spending on food/bevs while trading down elsewhere, with inside comps +3.2% and PFDB +4.8% driven by traffic and units. All income cohorts grew, though lower-income shoppers were more pressured, and higher fuel prices drove fewer gallons per trip but more trips. Grocery softness was category-led, as national brand pricing pushed snack buyers into private label and beer stayed weak, while nicotine alts and energy outperformed. With expectations elevated into the print, shares traded off on multiple compression rather than deteriorating fundamentals.

Performance nutrition shakes lead as chocolate inflects negative. U.S. tracked channel convenience store sales and volume trends deteriorated in the L3M vs. L6M ending Aug. 22, with total convenience volumes worsening to down ~9% from ~7.5% and sales worsening to down ~3% from ~2.7%. Performance nutrition shakes were the clear standout, with sales up ~13.5% L3M (vs. ~9% L6M) on ~13% volume growth and ~15% TDP growth, underscoring consumer demand for protein. Chocolate inflected negative on sales (down ~1% L3M vs. up ~1% L6M) as volumes worsened to down ~10% from ~8.5%. Multi serve (down ~17.5%), ice cream (down ~11.5%), meat snacks (down ~11%) and confection (down ~10.5%) led volume declines, with multi serve, frozen novelty, and sandwiches deteriorating most sharply L3M vs. L6M. On a sales basis, multi serve (down ~12.5%), confection (down ~6.5%), doughnuts (down ~6%) and meat snacks (down ~6%) were the steepest decliners. Price realization remained positive for most categories, led by chocolate (+8.5%), with total convenience food pricing accelerating to +6% L3M from +5% L6M.

Energy Remains a Standout in Beverages. Non-Alc Beverages declined 0.5% y/y over the L3M (-0.2% L6M) in the convenience channel, while Energy's outperformance continues, up 4.7%. Pricing is sticking, innovation is working, and new consumers are entering the category as consumers prioritize functional beverages. Meanwhile, soft drinks declined on both a dollar (down 3.4%) and a volume basis (units down 7.5%) over the L3M. Beer did, too, with sales down 5.0% L3M.

The report draws on Placer.AI foot-traffic data and NielsenIQ data from major convenience store chains and fuel retailers, including 7-Eleven, Casey's, Circle K, QuikTrip, Royal Farms and Wawa, providing a broad view of spending behavior across the channel.

Marks' findings suggest consumers are becoming more defensive with their spending, trading down and reducing purchase volumes as fuel and food costs squeeze household budgets. Strength in select categories shows that consumers remain willing to spend. This consumer pressure story at the convenience store level doesn't bode well for the Trump administration ahead of the midterm elections, as folks usually vote with their pocketbooks. 

Professional subscribers can read more about consumer trends here at our new Marketdesk.ai portal. 

Tyler Durden Mon, 09/14/2026 - 15:27

NATO Vows More Ukraine Support After Boris Johnson & David Petraeus Train Attack Near-Miss

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NATO Vows More Ukraine Support After Boris Johnson & David Petraeus Train Attack Near-Miss

More escalation, NATO says. The Western military alliance's Secretary-General Mark Rutte said Monday that Russian drone strikes near the Ukraine-Poland border hit "close to NATO territory".

He said the Sunday attack, which occurred merely hundreds of meters from Poland's border, smacked of Putin's "desperation and also his desire to sow fear and terror." Western media outlets reported early Sunday that a Russian attack drone struck a civilian locomotive on the Kiev-to-Warsaw route with just two kilometers from the border.

Rutte pledged even more support for Ukraine in the wake of the attack. "He thinks that he can stop us from supporting Ukraine and that he can undermine our unity. He is wrong," the NATO chief said of the Russian leader.

via Epoch Times

Polish Prime Minister Donald Tusk has indicated greatly stepped-up border security, and has newly stated: "These coming weeks and months will be a time of very intensified actions on the Russian side, and unfortunately we cannot rule out that this escalation will also affect our territory."

European media reports suggested that former British Prime Minister Boris Johnson and other top officials may have been targeted. A train full of NATO security officials had reportedly just departed the station before the rare daytime strike.

And the former CIA director was on board, and commented:

Former CIA Director David Petraeus was at a Ukrainian train station Sunday when a Russian drone struck a Poland-bound train there.

Petraeus, a retired U.S. Army general, was aboard a separate passenger train at Yahodyn station near the Polish border when a jet-powered Russian drone struck the locomotive of a nearby train, according to multiple reports.

Petraeus said passengers on his train heard drones overhead and were evacuated after passing through Ukrainian customs. A large explosion followed.

According to the NY Times: "David Petraeus, the former C.I.A. director, could hear the Russian drones above his train, which had just passed through Ukrainian customs on its way to Poland on Sunday morning. He and other passengers were quickly evacuated. Not long after, he heard a huge explosion."

Petraeus told the outlet, "For those who have not been under fire, this was terrifying."

As for former UK PM Johnson, he condemned the attack but did not indicate that he thought he was being targeted. "What we can say for sure is that this is the kind of random and senseless attack Ukrainians are enduring every day – even on civilian railways," Johnson wrote on X. The particular train that he and other Western security officials were on was issued an evacuation order, but then soon after was allowed to proceed on its destination. 

Some pundits are pointing to a possible false flag scenario. It also could just be a strong 'warning' for from Moscow, after moving forward with strikes on 'decision-making centers' in Ukraine.

Tyler Durden Mon, 09/14/2026 - 14:25

Jeffries Refuses To Rule Out Trump Impeachment If Democrats Win House

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Jeffries Refuses To Rule Out Trump Impeachment If Democrats Win House

Authored by AG News Staff via American Greatness,

House Minority Leader Hakeem Jeffries said Sunday that Democrats have not ruled out another impeachment of President Donald Trump if they capture control of the House in November's midterm elections.

During an appearance on ABC's "This Week," host George Stephanopoulos asked the New York Democrat whether his party would pursue impeachment immediately after taking control of the chamber.

"No, we haven't ruled anything in and we haven't ruled anything out in terms of impeachment," Jeffries said.

Jeffries said Democrats would instead begin by investigating allegations of wrongdoing and allow the evidence to determine what action Congress should take.

"We've got to follow the facts, apply the law, be guided by the Constitution, and then let the chips fall where they may, in the best interests of the American people," he said.

Jeffries pointed to Reps. Jamie Raskin, D-Md., and Robert Garcia, D-Calif., who would be positioned to lead the powerful House Judiciary and Oversight committees if Democrats win the majority.

Trump has already predicted that Democrats would attempt to impeach him again if they take control of the House.

The House impeached Trump twice during his first term. The first impeachment came in 2019 over his dealings with Ukraine. The second followed the Jan. 6, 2021, attack on the U.S. Capitol. The Senate acquitted Trump in both cases.

Democrats would gain significantly expanded investigative authority if they capture the House, including control of committee hearings and subpoenas.

Jeffries also outlined several legislative priorities Democrats would pursue if they take control, including efforts to reverse Trump's tariffs, end U.S. involvement in the war with Iran and restore enhanced Affordable Care Act subsidies.

"These are some of the things that I think we can begin to do," Jeffries said, adding that Democrats would pursue an aggressive legislative agenda throughout the next Congress.

Control of the House will be decided in the Nov. 3 midterm elections. Republicans currently hold the majority, while Democrats are seeking the net gain of seats necessary to take control in January.

Tyler Durden Mon, 09/14/2026 - 14:10

Trump Says Meeting With Chinese Leader Will Cover 'Almost Everything'

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Trump Says Meeting With Chinese Leader Will Cover 'Almost Everything'

Authored by Aldgra Fredly via The Epoch Times,

U.S. President Donald Trump said on Sept. 13 that he would discuss almost everything with Chinese leader Xi Jinping during a planned meeting at the White House later this month.

Trump did not provide specifics but said his tariffs had kept Chinese vehicles out of the U.S. market.

"The tariff kept them out. I have a 100 percent tariff. From 100 to 150 percent," he told reporters aboard Air Force One, comparing the U.S. move with Europe, which he said was being decimated by Chinese cars.

Trump last week dismissed the possibility of allowing Chinese cars to be imported into the United States but indicated that he may be open to Chinese automakers building cars in the country, provided they hire American workers.

Earlier this month, a group representing most of the major automakers urged Congress to quickly pass legislation permanently barring Chinese vehicles from the U.S. market.

The Alliance for Automotive Innovation, which represents General Motors, Ford, Toyota, Volkswagen, Hyundai, Honda, Stellantis, and others, called for passage of the bill by the end of December.

"Right now, Chinese automakers are dumping subsidized vehicles with connected software and hardware around the world," the group's CEO, John Bozzella, said in a letter to congressional leaders. "China is capturing market share in Europe, Australia, Southeast Asia, Mexico and South America with vehicles capable of collecting, processing and transmitting sensitive vehicle and consumer data to the Chinese Communist Party."

Trump also told reporters on Sept. 13 that he expects to reach an agreement for China to purchase Boeing aircraft during Xi's visit. China has previously agreed to buy 200 Boeing planes after the two leaders met in Beijing in May, but the deal has yet to be finalized.

"I get every deal," the president said.

When asked about reports alleging that Chinese entities may have supplied Iran with satellite imagery of U.S. airbases in Jordan, Trump said, "They basically do what we do."

It is unclear whether he plans to raise the issue during his meeting with Xi, but Trump said the Chinese leader has "behaved reasonably well."

"You know when they say that China spies on us, I say, you're right, and we spy on them, too," he said.

Xi was scheduled to visit the United States on Sept. 24. Trump formally invited Xi and his wife, Peng Liyuan, to the White House during his May visit to Beijing. The president said in July that he plans to discuss artificial intelligence with the Chinese leader.

U.S. Secretary of State Marco Rubio told reporters on July 22 that he met with Chinese Foreign Minister Wang Yi on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit in Manila, the Philippines, to lay the groundwork for Xi's upcoming visit to the United States.

Rubio acknowledged the major differences between Washington and Beijing and emphasized that it is their job to manage them to ensure "they never get out of control."

"We're, obviously, always going to defend our national interest," he said at the time. "And I expect they'll do the same, as they define it. But I think there are some areas of potential cooperation."

Tyler Durden Mon, 09/14/2026 - 13:35

TSA now search inside Cars Parked at Airports

Financial Armageddon -





http://www.whec.com/news/stories/S310...
Rochester, N.Y. -- She says she had no warning that someone was going to search her car after she left to catch her flight. So the woman contacted News10NBC.

We found out it happened to her because she valet parked her car. Those are the only cars that get inspected.

So if security feels it is necessary to search some cars in the name of safety, why not search all of them?

Laurie Iacuzza walked to her waiting car at the Greater Rochester International Airport after returning from a trip and that's when she found it -- a notice saying her car was inspected after she left for her flight. She said, “I was furious. They never mentioned it to me when I booked the valet or when I picked up the car or when I dropped it off.”

Henry Kissinger : Those Who Reject the New World Order are Terrorists

Financial Armageddon -



Henry Kissinger actually publicly stated that those who oppose the New World Order are "terrorists".

Henry Kissinger in a speech given in Istanbul, Turkey on May 31, 2007, while the Bilderberg conference was simultaneously underway, just a few miles down the road.

Henry Kissinger"In the Middle East, we live in a different world. The nations do not represent historic entities in the same sense that European nations did. Turkey of course does, and Iran in a considerable extent does. But in the region in between, the borders were drawn by the victors of World War I on the basis largely of what would facilitate their influence. So therefore, the identities of these countries, and of their borders, can be challenged more easily."

"What we in America call terrorists are really groups of people that reject the international system, and they're trying to regroup it to a radical Islamic fundamentalists kind."

Detroit files for biggest US City Bankruptcy

Financial Armageddon -

Detroit has become the largest city in Unites States history to file for bankruptcy after decades of decline and mismanagement rendered the city insolvent. Michigan's governor, Rick Snyder, said on Thursday that there was no other option to tackle the city's $18.5bn of debts. Al Jazeera's Caroline Malone reports.

Detroit has become the largest city in Unites States history to file for bankruptcy after decades of decline and mismanagement rendered the city insolvent.William Black, a professor of Economics and Law at the University of Missouri, talks to Al Jazeera about Detroit filing bankruptcy.

Fox News Interviews Adam Kokesh From Jail

Financial Armageddon -




7/18/13 - Anti-government activist Adam Kokesh, who is currently jailed on drug charges and is facing a firearms charge in D.C., says he will someday run for President on a platform of abolishing the federal government. Since July 9th, 31-year old Adam Kokesh has been incarcerated in a cell in the Fairfax County jail which measures seven by seven-and-a-half feet.

On Independence Day, Kokesh had a colleague record a video of the pro-gun activist loading a shotgun on D.C.'s Freedom Plaza. The District has strict gun control laws that generally forbid the carrying of firearms. U.S. Park Police and D.C.'s Metropolitan Police Department opened an investigation.

Several days later, U.S. Park Police used a flash grenade when their SWAT team served a search warrant at Kokesh's home in Herndon, Va. Kokesh was arrested when officers said they found hallucinogenic mushrooms at the house.

In an exclusive jailhouse interview, Adam Kokesh denies any connection to the drugs. Here is part of the transcript of that interview with Kokesh: "If they found a stash of magic mushrooms in my house, they were not mine. ANY IDEA WHOSE THEY WERE, OR WHY THEY WERE IN YOUR HOUSE? I'm pretty confident that, whether or not they found anything, the full paper bags that [U.S. Park Police] brought into my house would insure that they had charges to bring against me. ARE YOU IMPLYING THAT THOSE DRUGS WERE PLANTED? Yes."

Kokesh, who has been arrested several times before by U.S. Park Police, says that agency has a "vendetta" against him, but he believes the evidence in the drug case is weak.

Federal officers have now filed a weapons charge against Kokesh for wielding the shotgun in D.C. on the Fourth of July. Here's more of the interview: "WAS IT A REAL SHOTGUN AND WERE THEY REAL SHELLS GOING INTO IT? Yes. ON THE VIDEO YOU POSTED? Yes. YOU DID KNOW THAT WAS ILLEGAL IN D.C.? It's called civil disobedience."

Adam Kokesh believes the Second Amendment to the Constitution will provide him a successful defense against the D.C. gun charge.

The former U.S. Marine who served in Iraq plans to someday bring his anti-government views before voters. "ARE YOU RUNNING FOR PRESIDENT? Yes sir, in 2020 on the platform of: orderly dissolution of the United States government. WHY IS THAT A GOOD IDEA? Why is having a federal government a good idea at this point?"

Adam Kokesh believes the U.S. military is more harmful than helpful to American security, and the government -- as a whole -- has burdened its citizenry with debt.

Adam Kokesh is 70% disabled from his term of military service. He says he lives only on that money.

His supporters, through their website, adamvstheman.com, are asking supporters to send money for bail and send money so a private attorney can be hired. Kokesh is currently being represented by a public defender.

Kokesh remains in custody in the Fairfax County Adult Detention Center, and, if he is freed on bond, he faces extradition to D.C. to face the gun charge.

Donald Trump on Bill O'Reilly Interview, Talks Economy, China and Obamacare - July 18, 2013

Financial Armageddon -

July 18, 2013 - Bill O'Reilly Interviews Donald Trump on Economy, China, and Obamacare



Trump would be a hell of a lot better president then Obama, at least he is willing to do what needs to be done instead of creating some BS healthcare system .He's a businessman, he knows how to make deals, he will get tough on China (even if he has ties made in China in which I don't think he knew or maybe he thought we're a screwed country so why not just sell them to stupid people who will only buy them anyway), I don't believe what they say about his net worth (in which they say isn't worth much). Trump has a big fat heart inside I believe it.

BREAKING NEWS ~ Detroit Files for Bankruptcy

Financial Armageddon -

Here it comes Detroit about to be largest Bankrupt City .The city of Detroit files for Chapter 9 federal bankruptcy protection, making the automobile capital and onetime music powerhouse the country's largest-ever municipal bankruptcy case. WSJ Global Autos Editor Joe White reports.


This news really ruined Obama's golf game today ... ya America is crumbling apart , but we have 15,000 Russian soldiers to help fix it I hear!!

Steve Keen Exposes Financial Fallacies and Debates the Mortgage Debt Jubilee!

Financial Armageddon -

Steve Keen Exposes Financial Fallacies and Debates the Mortgage Debt Jubilee!


"I don't understand gold." Yes, that's what our beloved Fed Chairman actually told Congress today. Maybe that's why Germany wants 300 tonnes of it back. That would be gold the Fed is holding on its behalf. We have just one word for you Finance Minister Schaeuble: tungsten. But don't worry, Chairman Bernanke assured the S&P 500 -- now at all time highs -- that the monetary QE stimulus will continue until the economy can stand on its own feet. Such anthropomorphization is quite quaint for an econometrician, isn't it? We debunk the likes of Bernanke and talk about the mortgage jubilee with economist Steve Keen.

And, Jamie Dimon can't seem to find a chair that isn't the hot seat. JP Morgan is about to shell out a few hundred million in a settlement with the Federal Energy Regulatory Commission. That would be for allegedly manipulating energy markets in California, Enron style. Barclays already settled for $435 million. And a similar settlement for JP Morgan would amount to -- well just one sixtieth -- of its $26 billion in revenues reported last Friday. No word yet on how much it actually profited from allegedly bilking Americans.

Finally, subprime is back. The Consumer Financial Protection Board just strengthened mortgage underwriting standards. But if you don't fall under the new rules, don't worry. Because the guy who helped write the rules at the CFPB just went private -- and started a company that will service the very market his old regulatory body now excludes. And, yes, they're even providing interest-only financing -- because that worked so well in 2008. You can't make this stuff up! Perianne breaks down the boom-bust cycle.

Secret Government & Dulce Base ~ Norio Hayakawa

Financial Armageddon -




Unorthodox ufologist Norio Hayakawa presented his views and research on UFOs, clandestine government activities, and the mysterious Dulce, New Mexico area, rumored to house an underground base. The state of New Mexico itself has been a hotbed of paranormal and UFO activity going back to 1947, he reported. Starting with the Roswell Incident, "the year 1947 was the beginning of a conditioning of belief systems...carefully orchestrated for future events," he commented.

He believes the Roswell crash was staged "by an unknown intelligence" in collusion with an elite part of the US government. UFOs are neither flying nor objects, but rather part of an intelligence that co-exists with us and has the ability to materialize, he explained.

Hayakawa was one of the first to bring Project Bluebeam to public attention in his 1995 documentary video Secrets of Dreamland, which suggested that a covert government would have sufficient technology to artificially simulate a UFO threat in order to bring about a forced global unity.

Regarding Dulce, he has not found direct physical evidence for an underground base there, yet, there have been many strange reports and sightings in the area which encompasses the Jicarilla Apache Reservation. "I think there's a reality on another level that we may not be able to see with our physical eyes" and a base could exist at Dulce in a non-physical realm, he shared.

Biography:

Norio Hayakawa calls himself an unorthodox ufologist and activist. He has spent almost 10 years specifically investigating Area 51 in Nevada. He says that there is much more to Area 51 than just superficial facts made public about this well-known base. In 1990 he also began to investigate the strange goings-on at Dulce, New Mexico. After more than 45 years of researching the UFO phenomenon, he says that a conditioning of belief systems have been orchestrated since 1947 by a manipulative force that is preparing mankind for a near future mysterious scenario. The ingrained and "altered" realities behind both Area 51 and Dulce will play a role in that scenario. In March of 2009 he organized the first-ever Underground Base conference in Dulce, New Mexico.

Wikipedia
The term shadow government (also cryptocracy) besides its party political meaning can also refer to what is sometimes called "the secret government" or "the invisible government," an idea based on the notion that real and actual political power does not reside with publicly elected representatives (for example the United States Congress (or the Cabinet of the United Kingdom) but with private individuals who are exercising power behind the scenes beyond the scrutiny of democratic institutions. According to this belief the official elected government is in reality subservient to the shadow government who are the true executive power.

Conspiracy-oriented literature postulates the existence of a secret government who are the true power behind the apparent government. Examples of such literature include works by Dan Smoot, William Guy Carr, Jim Marrs, Carroll Quigley, Gary Allen, Des Griffin, David Icke, Michael A. Hoffman II and John Coleman. Some of these authors believe members of the secret government may represent or be agents for groups such as the Council on Foreign Relations, The Royal Institute for International Affairs, The Trilateral Commission, the Bilderberg Group, CIA and MI6 in co-operation with international banks and financial institutions such as the World Bank and the Bank for International Settlements. Also popularizing the idea was the hit US television show, The X-Files.

In his novel Coningsby, Benjamin Disraeli stated that "The world is governed by very different personages from what is imagined by those who are not behind the scenes". One definition of a shadow government is a "secret government within the government". This secret government is the "real" government that controls the legitimate and visible government's agenda. The network of people constituting this secret government are bound by some common agenda known only to each other and/or the people they represent. The agenda may be that of a secret society who have infiltrated the government (examples include Freemasons, Skull and Bones men or Illuminatists). In this case the agenda of the network is known only to those members who are bound by an oath of secrecy.

The shadow government is also considered by popular authors[who?] to be behind black budget projects and covert operations.

One of the most popular conspiracy theories about a shadow government is the notion of a "Zionist Occupation Government

SPY WARS, IS YOUR Iphone SAFE?? Police to track ALL calls and data usage

Financial Armageddon -

Travelers on their way to Britain might want to leave their phones at home after it was revealed they could be seized and browsed through by police. And amazingly it's totally legal, as Tesa Arcilla reports.


Thanks From Wall Street, gold price and US finance to conspiracies, latest global news, Alex Jones, Gerald Celente, David Icke Illuminati, a potential World War 3, Elite government cover - ups and much more

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