Report Details Russia's Shadowy Digital Pipeline Concealing $90BN In Crude Exports

Global sanctions meet the digital age in a recent interesting bit of FT analysis, which concluded that a single email server may have exposed what amounts to a $90 billion shadow pipeline for Russian crude.

While Western media and officials would consider this an 'illicit' sprawling sanctions-evasion machine hiding in plain sight, Moscow sees US-EU efforts to stamp out its international energy trade as an unjust tactic to impose total economic isolation related to the Putin's 'special military operation' in Ukraine.

The Financial Times report alleges that "48 seemingly independent companies working from different physical addresses" in reality appear to be "operating together to disguise the origin of Russian oil, particularly from Kremlin-controlled Rosneft."

Source: Shutterstock

Discovery of a common backend infrastructure reportedly exposes the scheme, as on the surface it looked like a fragmented web of independent traders - while digitally, it was one ecosystem.

For example, the FT identified 442 web domains all routed through the same private server - "mx.phoenixtrading.ltd" - with 19 of those domains reportedly tied to Russian businesses, spanning energy and real estate ventures, and curiously several are linked to Azeri nationals.

Among the heavy hitters identified are Dubai-based Foxton FZCO, listed in Russian export records as purchasing $5.6 billion worth of oil - and Advan Alliance appears in Indian customs data as having sold $1.5 billion in Russian crude into India.

Investigators further found the companies had remarkably short lifespans, suggesting fraud, and in some cases customs records revealed the average entity operated for just six months.

The report alleges additionally that once sanctioned a firm would often vanish, only to be replaced by a fresh corporate shell - leaving oversight authorities and enforcement lagging far behind.

The report further highlights in the wake of Trump sanctioning export giants Rosneft and Lukoil back in October 2025:

Since those sanctions were imposed, an otherwise unknown company in the network, “Redwood Global Supply”, has become the single largest exporter of Russian crude. The companies are linked to a group of Azeri businessmen with strong ties to Rosneft.

Ukraine and EU officials are calling for greater efforts to bust up such deceptive digital networks in order to starve the Russian war machine financially.

"The frequent changes of names of ships, managers and oil marketing companies... are long-standing deceptive shipping practices designed to obfuscate the destination, origin and ownership of cargoes and their logistics," Michelle Wiese Bockmann of maritime intelligence firm Windward told the FT.

Tyler Durden Wed, 02/25/2026 - 04:15

Another Migrant Sex Offender Granted Asylum In Britain Despite Skipping Bail In Europe

Authored by Thomas Brooke via Remix News,

An Afghan man accused of rape in Austria jumped bail and fled to Britain, where he was granted asylum and lived freely for over six years.

It is the second such case to be exposed this month after a similar incident involving a Syrian convicted of sexually assaulting a teenager in Germany, who failed to attend his probation hearings and illegally entered the U.K.

As revealed by The Sun newspaper, Omar Ali Noori, 31, arrived illegally in Britain in 2019 after fleeing Austria. He had been arrested in connection with the rape of a woman in Linz in 2018, but absconded while on bail before proceedings concluded.

Despite this, he was granted indefinite leave to remain for five years by the Home Office in 2023. His 23-year-old wife joined him in Britain last year.

Court records cited during an extradition hearing revealed that Noori had used four identities and five different dates of birth on official documents.

At Westminster Magistrates’ Court, Judge Neeta Minhas ordered that Noori, currently held at Wandsworth Prison in south-west London, be returned to Austria to serve a three-year prison sentence for absconding, in addition to facing the rape charge.

Judge Minhas said, “Noori was directly asked if he had committed or been accused of an offence in any country or whether he had been detained in any country. His response to both questions was in the negative. This was clearly not accurate. I find that Noori is a fugitive.”

Noori is now appealing his extradition back to Austria.

An almost mirror case was reported earlier this month after it emerged that Syrian national Azizadeen Alsheikh Suliman, 34, was convicted in Germany of sexually assaulting a 15-year-old girl in Osnabrück in 2022.

According to German media reports, he approached the victim in the city center, under the pretext of asking for a cigarette, before attempting to kiss her and later sexually assaulting her in a nearby courtyard. He was also convicted of supplying drugs to a minor.

German courts handed Suliman a two-year suspended custodial sentence, conditional on probation, and ordered him to pay €3,000 in compensation to the victim. He later breached the terms of his probation and left Germany, prompting the issuance of a European arrest warrant.

Suliman subsequently travelled to Britain via a small boat across the English Channel. He applied for asylum using a different spelling of his name, enabling him to avoid detection for several years. He was housed in taxpayer-funded accommodation in the Greater Manchester area, where he lived with his wife and child before being identified by authorities.

An extradition request was upheld earlier this month, but has been appealed by Suliman. His legal team argues that he faces a risk to his life if returned to Germany because of a feud originating in Syria involving his cousin, and that extradition would breach Article 8 of the European Convention on Human Rights by separating him from his wife and child.

It is likely that Noori’s appeal will also focus on human rights legislation.

Read more here...

Tyler Durden Wed, 02/25/2026 - 03:30

Saudi Arabia Records Largest Budget Deficit Since 2020

Via The Cradle

Saudi Arabia recorded its widest quarterly budget deficit in five years in the final three months of 2025, as lower crude oil prices weigh down the kingdom's finances, Bloomberg is reporting.

Data released by the Saudi Ministry of Finance  shows the government posted a deficit of 94.9 billion riyals ($25.3 billion) in the fourth quarter, which brought the total shortfall for 2025 to nearly 276.6 billion riyals ($73.73 billion), more than double the previous year's 115.6 billion riyals ($30.82 billion) deficit in 2024. 

via Bookings Inst

The full-year deficit amounted to roughly 5.5 percent of gross domestic product.

Non-oil revenue reached about 122.6 billion riyals ($32.68 billion) in the fourth quarter of 2025, while oil revenue fell to around 154.2 billion riyals ($41.10 billion), down from 170.8 billion riyals ($45.53 billion) in the same period a year earlier, according to Finance Ministry data.

Saudi Arabia has been running budget deficits since late 2022, with Bloomberg Economics noting that the kingdom would need oil prices to average about $97 per barrel in 2025 to balance its budget.

That figure rises to roughly $114 per barrel when domestic spending by the sovereign wealth fund is included. Meanwhile, Brent crude, the global benchmark for oil prices, is currently trading at around $71.

This gap has prompted heavier borrowing on international bond markets, as well as major delays and downscaling of the Kingdom's large-scale megaprojects tied to the Saudi Vision 2030 program, championed by Crown Prince Mohammed bin Salman (MbS).

Bloomberg reported in late January that Saudi authorities had begun pressing some of the kingdom's wealthiest families to inject additional capital into domestic ventures, as Vision 2030 megaprojects face scaling back or suspension. 

In the same month, Reuters reported that the construction of the Mukaab, the towering cube-shaped centerpiece of Riyadh’s New Murabba development, was suspended beyond initial groundwork, as the Public Investment Fund (PIF) reassessed financing and feasibility. 

The Financial Times had also reported that Saudi Arabia’s $1.5 trillion NEOM development is set to be significantly "downscaled and redesigned," with its flagship component, The Line, being "radically scaled back."

These scale-backs and delays come as capital is redirected toward priority projects tied to Expo 2030 and the 2034 World Cup, as well as sectors expected to deliver quicker returns, including logistics, mining, and AI.

Saudi officials expect the fiscal deficit this year to narrow to 3.3 percent of GDP; however, analysts at Goldman Sachs Group Inc. and Bank of America Corp. project a higher figure in the range of five to six percent.

Tyler Durden Wed, 02/25/2026 - 02:45

Russia Faces Five Geostrategic Challenges As The Special Operation Enters Its Fifth Year

Authored by Andrew Korybko,

As it’s always done, Russia is expected to ensure its sovereignty, security, and thus its survival through the creative interplay between its political, military, intelligence, diplomatic, expert, and civil society communities.

Russia’s special operation against NATO-backed Ukraine just entered its fifth year.

The last three anniversaries were reflected upon here, here, and here, and keeping with tradition, the present piece will review what happened over the past year and forecast what might be come in the next one.

Generally speaking, Russia now faces five geostrategic challenges that are expected to shape its approach towards the US-mediated peace talks with Ukraine and its grand strategy overall, namely:

* NATO Influence Is Poised To Expand Along Russia’s Entire Southern Periphery

Last August’s “Trump Route for International Peace and Prosperity” (TRIPP) along Armenia’s southern Syunik Province has the dual function of a NATO military-logistics corridor through the South Caucasus to Central Asia. Spearheaded by member state Turkiye with allied Azerbaijan serving as the launchpad across the Caspian, TRIPP threatens to revolutionize Russia’s regional security situation for the worse if these threats aren’t contained, especially if it emboldens Kazakhstan to follow in Ukraine’s footsteps.

* The US Supports The Revival Of Poland’s Long-Lost Great Power Status

“September 2025 Was The Most Eventful Month For Poland Since The End Of Communism” for the 18 reasons enumerated in the preceding hyperlinked analysis, which set Poland up to play a central role in the US’ National Security Strategy for containing Russia after the Ukrainian Conflict ends. It already has the EU’s largest army, is located in the middle of pivotal military-logistics corridors, and is very eager to revive its long-lost Great Power status and attendant historical rivalry with Russia at Moscow’s expense.

* The EU Is Unprecedentedly Militarizing And Upgrading Its Military-Logistics

De facto EU leader “Germany Is Competing With Poland To Lead Russia’s Containment” in no small part through the nearly $100 billion in defense procurement projects that it approved last year alone. The EU as a whole is also militarizing too with the help of the €800 billion “ReArm Europe Plan”. To make matters even more concerning for Russia, the “military Schengen” for optimizing the dispatch of troops and equipment towards its borders continues apace, with the Baltic States newly committing to join this too.

* India Seems To Be Undergoing A US-Friendly Grand Strategic Recalibration

India began aligning with some of the US’ interests after their trade deal as explained here, which could eliminate tens of billions of dollars’ worth of Russian budgetary revenue if India does indeed reduce its import of Russian oil like the US claimed that it agreed to. The same goes for India possibly eschewing new big-ticket military-technical purposes from Russia too. This US-friendly grand strategic recalibration might also put more pressure on Russia’s top Chinese partner and therefore reshape Asian geopolitics.

* Poland Now Wants Nukes & Turkiye Might Soon Declare The Same Intent

The US’ decision to let the New START lapse risks a global nuclear arms race. Poland was emboldened to declare its nuclear intentions while RT published a detailed report about how Turkiye might go down this route too. Both are historical Russian rivals, and seeing as how Poland envisages carving out a sphere of influence in Central & Eastern Europe and Turkiye envisages one in Central Asia as was noted above, them obtaining nukes would pose a huge threat to Russia and raise the likelihood of its containment.

The five geostrategic challenges confronting Russia in the fifth year of its special operation are formidable but not insurmountable.

As it’s always done, Russia is expected to ensure its sovereignty, security, and thus its survival through the creative interplay between its political, military, intelligence, diplomatic, expert, and civil society communities.

They might opt to cut a deal with the US over Ukraine so as to focus more on tackling these challenges, but not at any cost, ergo why that hasn’t yet happened.

Tyler Durden Wed, 02/25/2026 - 02:00

Chinese Defense Labs Exploit Nearly $1 Billion In US Research Funds, Report Says

Authored by Dorothy Li via The Epoch Times (emphasis ours),

Nearly $1 billion in U.S. federal research funds have been funneled into projects involving the Chinese regime’s defense laboratories that pose “critical risks” to America’s national security, according to a new study.

Chinese missile launchers are seen during a military parade marking the 80th anniversary of the end of World War II, in Tiananmen Square in Beijing on Sept. 3, 2025. Kevin Frayer/Getty Images

Nearly $1 billion in U.S. federal research funds have been funneled into projects involving the Chinese regime’s defense laboratories that pose “critical risks” to America’s national security, according to a new study.

The report, released by the Center for Research Security and Integrity (CRSI) on Feb. 19, identifies nearly 1,800 research papers published between January 2019 and July 2025 that involve U.S. collaborations with Chinese defense laboratories.

About one-third of the articles specifically credited U.S. federal funding for the research. The topics of these projects ranged from directed energy systems and energetic materials to radar and sensing, artificial intelligence, flexible electronics, and high-performance computational physics.

“These are critical technology fields that can fundamentally change future military and warfighting capabilities, yet PRC defense laboratories are directly benefiting from this research,” analysts wrote in the report, using the acronym of the Chinese communist regime’s official name, the People’s Republic of China.

The report estimates the total value of these research projects at approximately $943.5 million, noting that the figure could be much higher due to ambiguities in certain research grants and facility contracts.

Jeffrey Stoff, founder of the Virginia-based nonprofit CRSI and co-author of the report, said the U.S. government and academia “lack the will, resources, or priorities” to effectively safeguard its research and innovation.

“This is largely because there are very few regulations that restrict such collaborations. In other words, research-performing organizations, including government laboratories, are not concerned with protecting national interests, even when the research is funded by taxpayers,” Stoff told The Epoch Times via email.

The report was released following multiple congressional investigations into projects involving researchers funded by the Pentagon or the Department of Energy collaborating with Chinese institutions that advance China’s military.

Stoff, a former China adviser for the U.S. government, said the latest study was “intentionally limited to collaborations with a subset of PRC entities that unambiguously pose critical risks to US national security: official PRC defense laboratories.”

‘Unacceptable Risk’

The study identifies 45 Chinese laboratories, acknowledged by Beijing itself as key state-level defense laboratories, that have collaborated with U.S. entities.

Almost all of these laboratories removed the terms “defense” or “national defense” from their official English titles, the report notes, saying that this lack of transparency could complicate U.S. institutions’ due diligence and risk assessment efforts.

Among the most active collaborators with American researchers is the State Key Laboratory of Powder Metallurgy at Central South University in Changsha, China. Over the past five years, its personnel co-authored 285 articles with American researchers from public and private universities and federal laboratories. Of these publications, 80 credited U.S. government funding.

Even though the metallurgy lab omits the term “defense” from its official Chinese name, the report notes that its core mission is to support the Chinese armed forces, particularly in the defense aerospace sector.

Established in 1989 by Huang Peiyuan—a key scientist involved in China’s first atomic weapons and missile development programs—the lab is currently led by Zhou Kechao, who has worked on projects funded by the People’s Liberation Army’s (PLA) Equipment Development Department.

A security guard stands beside a screen showing a video about China's atomic and hydrogen bomb research during an exhibition on the Chinese regime's rejuvenation at the Military Museum of the Chinese People's Revolution in Beijing on Oct. 17, 2007. China Photos/Getty Images

About 70 U.S. institutions have published research papers with the Chinese metallurgy laboratory since 2019, with the University of Tennessee being the most frequent partner. The Knoxville-based university didn’t respond to a request for comment by publication time.

The report also gives case studies of three other Chinese laboratories that frequently collaborate with U.S. institutions and scholars, including a national welding laboratory operated by China’s primary missile designer and producer, the China Academy of Launch Vehicle Technology. The lab is located within the Harbin Institute of Technology in northern China, a top-ranked member of the “Seven Sons of National Defense,” a club of Chinese universities with deep ties to the PLA.

“US institutions and federal research facilities’ critical-risk collaborations with entities supporting China’s defense [research and development] are significant and continue unabated,” the report reads.

“This raises a fundamental question: if collaborating with PRC defense laboratories is not considered an unacceptable risk that should be restricted, then what is?”

US Funders

The National Science Foundation (NSF) stands out as the largest sponsor of U.S. institutions partnering with these Chinese laboratories, accounting for more than 71 percent of federal funds identified in the report. While the NSF grants largely support theoretical and early-stage fundamental research, the report said, the collaborating Chinese laboratories clearly seek to apply the research in defense and even weaponry.

Other federal funders of such collaborations include the Pentagon and the Department of Energy (DOE).

The report found that 10 federally funded research centers affiliated with the DOE have had researchers working with Chinese defense laboratories. For instance, at the DOE-sponsored Argonne National Laboratory, researchers have co-authored 19 articles with identified Chinese laboratories since 2019, in which they credited U.S. government funds.

An undated aerial photo shows the Argonne National Laboratory in Illinois. Argonne National Laboratory/Getty Images

The report offers several recommendations to policymakers, including creating a government-run research center to oversee all research security and due diligence functions for federal agencies that allocate fundamental research funding.

In response to the study, Emil Michael, under secretary of war for research and engineering, told The Epoch Times that the Pentagon is “intensifying its efforts to safeguard taxpayer-funded research and is upholding the integrity of America’s scientific community.”

The DOE, NSF, and Argonne didn’t respond to a request for comment by publication time.

Tyler Durden Tue, 02/24/2026 - 23:25

Iran To Buy Chinese Supersonic Anti-Ship Missiles As US Carriers Near

As US carriers and warships mass in the Gulf and as the next round of Geneva talks are expected by week's end, Tehran appears to be quietly upgrading its ability to threaten maritime chokepoints.

According to Reuters, Iran is in advanced negotiations with Beijing to purchase Chinese-made CM-302 anti-ship cruise missiles - which are supersonic weapons (projectiles which go faster than the speed of sound) designed to skim low over the water and evade naval defenses.

via state media: CM-301/YJ-12

"The deal for the Chinese-made CM-302 missiles is near completion. No delivery date has been agreed," informed sources told the outlet.

"Iran has military and security agreements with its allies, and now is an appropriate time to make use of these agreements," an Iranian Foreign Ministry official said separately, at a moment additional deals with Russia are being reported, including a half-billion Euro agreement for Moscow to send thousands of its advanced shoulder-fired missiles to Tehran.

As for the Chinese CM-302, it has a listed range of roughly 290 kilometers (or 180 miles) and is engineered specifically to penetrate layered ship defenses - which the Iranians would seek as they want to complicate US naval operations in the Persian Gulf and beyond, in the event of a hot conflict.

Talks to acquire the weapons have reportedly been in the works for some two years, but were accelerated in the wake of Israel's US-backed 12-day war against Iran last June.

Danny Citrinowicz, a former Israeli intelligence officer now with the Institute for National Security Studies, has been cited in international reports describing that the acquisition would be "a complete game-changer if Iran has supersonic capability to attack ships in the area."

"These missiles are very difficult to intercept," he added. "China does not want to see a pro-Western regime in Iran. That would be a threat to their interests. They are hoping that this regime will stay."

While neither China nor Russia would likely come to Iran's direct military aid in the event of attack, the pattern on display would likely be along the lines of these expedited weapons deals. 

Washington will be none to happy about this, and could move to expand sanctions and punitive measures on China's defense and 'dual use' industrial sectors.

Tyler Durden Tue, 02/24/2026 - 23:00

California Allocates $35 Million To Aid Illegal Immigrants

Authored by Kimberly Hayek via The Epoch Times,

California Gov. Gavin Newsom’s administration has boosted support for illegal immigrants in response to the federal government’s escalated law enforcement and deportation operations under President Donald Trump.

The new support includes $35 million in existing humanitarian funding for basic needs and legal aid. The money is in addition to $125 million already allocated for “free” immigration-related legal services, the governor’s office said in a statement.

“While the federal government targets hardworking families, California stands with them—uniting partners and funding local communities to help support their neighbors,” Newsom said in a statement.

“The urgent need grows as the Trump Administration accelerates mass detention, tramples due process, and funds authoritarian enforcement with over $170 billion. As the Trump Administration chooses cruelty and chaos, California chooses community.”

The funding will not be cash payouts but instead will go to philanthropic and nonprofit organizations that will help connect illegal immigrants facing deportation to legal services, food assistance, and other aid.

The White House and the Department of Homeland Security (DHS) did not immediately return a request for comment.

Assemblymember Carl DeMaio, a Republican serving communities in east San Diego County, criticized the new funding.

“If you were audited by the IRS and found to owe money and back taxes, as a citizen, you couldn’t say, ‘Well, I want a free lawyer to fight the federal government,’” DeMaio told CalMatters.

State Sen. Lena Gonzalez, a Democrat from Long Beach who chairs the California Latino Legislative Caucus, described the move as protecting families.

“We continue to stand in solidarity with our immigrant families. The federal government is waging a war on our communities—and we won’t stand for it,” she said.

“We are putting money behind an effort to stop the fear, stop the separation of our families, and stop violating our basic rights.”

The funding expands access to U.S. support regardless of immigration status. Such measures reflect California’s longstanding commitment to immigrant integration, even as the state grapples with budget deficits and federal pushback.

Disputes Over Sanctuary Policies

Meanwhile, Trump administration immigration law enforcement efforts, including detention and removals, will cost $170 billion over four years, Newsom’s office said.

Department of Homeland Security data indicates that more than 675,000 illegal immigrants have been deported since Trump returned to office for a second term in January 2025. An estimated 2.2 million have self-deported for a total of approximately 3 million departures. Each deportee was paid between $1,000 and $3,000 and had their airfare paid by the U.S. taxpayer.

“In the last year, fentanyl trafficking at the southern border has also been cut by more than half compared to the same period in 2024,” DHS Secretary Kristi Noem said in a statement. “The U.S. Coast Guard alone seized enough cocaine to kill more than 177 million Americans.”

Noem added that the efforts have saved taxpayers more than $13.2 billion, partly because forced removals cost a lot more than incentivized self-deportations.

“Countless lives have been saved, communities have been strengthened, and the American people have been put first again,” she said.

California is a sanctuary state, meaning it limits cooperation with federal immigration authorities in enforcing federal immigration law, save for those who have already been found guilty of serious or violent felonies. However, California’s sanctuary laws—SB 54 and TRUTH Act—do not require state compliance with ICE detainers for those not yet convicted of serious or violent felonies, so arrests and charges alone don’t secure state cooperation.

Immigration and Customs Enforcement (ICE) in February asked Newsom not to release 33,179 noncitizens with ICE arrest detainers from state custody. ICE said they include people previously convicted of murder, sex offenses, or drug trafficking.

“Governor Newsom and his fellow California sanctuary politicians are releasing murderers, pedophiles, and drug traffickers back into our neighborhoods and putting American lives at risk,” DHS Assistant Secretary Tricia McLaughlin said.

The federal government has withheld more than $160 million in transportation funds from California over issues such as foreign truck-driver licenses and freezing billions in other aid to Democratic-led states.

An appeals court prevented federal restrictions on commercial driver’s licenses for certain immigrants from going into effect—a reprieve for temporary workers. Los Angeles County has spent more than $1 billion on welfare for illegal immigrants over two years.

DHS on Feb. 23 criticized Newsom for pardoning a convicted attempted murderer facing deportation, saying the governor is putting American lives at risk.

Trump also hosted “Angel families,” who have become victims of crimes by criminal illegal immigrants, at the White House for a remembrance ceremony on Feb. 23.

Jody Jones, the brother of Rocky Jones, who was fatally shot by an illegal alien in California, said:

“I’m sick and tired of hearing these Democratic politicians stand up on these podiums and say how sorry they are for seeing these criminal illegal aliens being ripped apart from their families.

“What about us? What about the American family? What about us? We mean something, too.”

Earlier, the president signed a proclamation declaring Feb. 22—the anniversary of Laken Riley’s murder by Venezuelan illegal immigrant Jose Ibarra—as National Angel Family Day, honoring 62 victims and two survivors of such crimes.

Tyler Durden Tue, 02/24/2026 - 22:35

Man Accidentally Hacks Himself A 7,000-Robot Army

A software engineer in Spain had the surprise of his life when he found himself in control of thousands of robots in what was supposed to be a pet project. Sammy Azdoufal set out to customize his new Chinese-made DJI Romo robot vacuum, a high-end autonomous cleaner that comes with a price tag of $2,000 that maps homes, mops floors, and navigates obstacles with onboard sensors, according to Popular Science.

Dissatisfied with the manufacturer's app, Azdoufal aimed to steer the device using a PlayStation 5 controller (like any intelligent man would) and that’s when things got weird.

Using an AI-powered coding assistant, Azdoufal reverse-engineered the vacuum's communication protocol with DJI's cloud servers and unwittingly uncovered a critical backend vulnerability. The authentication token for his single device granted access to live camera feeds, microphone audio, detailed floor maps, and operational status from nearly 7,000 other Romo units deployed across 24 countries.

Azdoufal leads AI strategy at a vacation rental home company; when he told me he reverse engineered DJI’s protocols using Claude Code, I had to wonder whether AI was hallucinating these robots. So I asked my colleague Thomas Ricker, who just finished reviewing the DJI Romo, to pass us its serial number.

With nothing more than that 14-digit number, Azdoufal could not only pull up our robot, he could correctly see it was cleaning the living room and had 80 percent battery life remaining. Within minutes, I watched the robot generate and transmit an accurate floor plan of my colleague’s house, with the correct shape and size of each room, just by typing some digits into a laptop located in a different country.

...

Separately, Azdoufal pulled up his own DJI Romo’s live video feed, completely bypassing its security PIN, then walked into his living room and waved to the camera while I watched. He also says he shared a limited read-only version of his app with Gonzague Dambricourt, CTO at an IT consulting firm in France; Dambricourt tells me the app let him remotely watch his own DJI Romo’s camera feed before he even paired it. -The Verge

In malicious hands, attackers could have monitored private spaces, eavesdropped on conversations, or even remotely maneuvered the devices without owners' knowledge. IP addresses provided approximate locations, compounding the privacy breach.

Azdoufal says he could remote-control robovacs and view live video over the internet.

The Verge alerted DJI, which acted swiftly. The company identified the issue during an internal review in late January 2026, deployed an initial patch on February 8, and completed a follow-up update by February 10.

The recent security lapse in the robot vacuum will likely fuel U.S. regulators' scrutiny of the Chinese company. Just two months after the Federal Communications Commission added foreign-made drones and critical components, including those from DJI, to its Covered List in December 2025—effectively blocking approvals for new models—DJI filed a petition last week challenging the decision in the U.S. Court of Appeals for the Ninth Circuit. The company argues the FCC acted without sufficient evidence of national-security threats, procedural flaws, and violations of due process.

"It carelessly restricts ⁠DJI’s business in the U.S. and summarily denies U.S. customers access to ⁠its latest technology," the Chinese dronemaker said in a statement obtained by Reuters.

The ⁠Federal Communications Commission decision in December meant that DJI, Autel and other foreign drone companies will not be able to obtain the necessary FCC approval to sell ⁠new models of drones or critical components in the U.S but it can continue to sell existing versions, Reuters said.

Last March, FCC Chairman Brendan Carr announced the launch of a broad investigation into whether companies aligned with the Chinese Communist Party continue to conduct business in the U.S., despite their equipment and services having been designated as posing unacceptable risks to national security.

The probe, the first major effort by the agency's newly established Council on National Security, targets entities previously added to the FCC's Covered List under the Secure and Trusted Communications Networks Act. Placement on the list prohibits new FCC equipment authorizations for those companies' products, effectively barring their importation, marketing and sale of new models in the U.S., and restricts their use in networks supported by federal funds.

“The FCC has taken concrete actions to address the threats posed by Huawei, ZTE, China Telecom, and many other entities that pose an unacceptable risk to America’s national security, including by doing Communist China’s bidding,” Carr said in a statement at the time.

“We have reason to believe that, despite those actions, some or all of these Covered List entities are trying to make an end run around those FCC prohibitions by continuing to do business in America on a private or ‘unregulated’ basis. We are not going to just look the other way,” he added.

Tyler Durden Tue, 02/24/2026 - 22:10

Your Gut Microbiome Could Affect Colon Cancer - What You Can Do

Authored by Zena le Roux via The Epoch Times (emphasis ours),

“Supporting the gut microbiome can help reduce colorectal cancer risk and may even enhance prevention and treatment,” Sachin Aryal, gut microbiome researcher at the University of Toledo, told The Epoch Times.

Rost9/Shutterstock

The microbiome has been linked to many aspects of health and has been shown to also play a key role in colorectal cancer.

The good news is that the microbiome is not fixed and that it can be influenced by everyday habits and choices.

How Gut Bacteria Influence Colorectal Cancer

“We’re learning that the bacteria in the gut matter more than we used to think,” Dr. Cedrek McFadden, colorectal surgeon and medical advisor to the Colorectal Cancer Alliance, told The Epoch Times.

Gut bacteria are not just sitting there as bystanders. They interact directly with the lining of the colon, the immune system, and inflammatory processes over time. When the microbial balance is off—a condition called dysbiosis—some bacteria can create a low-level inflammatory state or produce substances that irritate the colon lining. Over many years, that kind of environment can contribute to cancer, McFadden said.

Because the colon is directly exposed to gut bacteria and their by-products, colorectal cancer appears to be more strongly influenced by the microbiome than many other types of tumors, although the microbiome can also affect other cancers indirectly.

“It’s not that one bacterium causes cancer,” McFadden said. “It’s more about the overall balance and what the colon is being exposed to day after day.”

When dysbiosis continues, it can further damage the gut barrier—a condition sometimes referred to as “leaky gut.” The tight connections between gut cells loosen, allowing bacteria and their by-products to move deeper into the gut wall. This keeps the immune system in a constant state of activation and inflammation, Raz Abdulqadir, researcher in microbiome and colorectal cancer at Penn State College of Medicine, told The Epoch Times.

“As a result, inflammatory cells release molecules that increase oxidative stress and can damage DNA in colon cells, raising the risk of abnormal cell growth,” he said.

It’s now clear that gut bacteria influence not only inflammation linked to tumor formation, but also how well the immune system recognizes and attacks cancer cell. This explains why patients with different gut microbiomes can respond very differently to the same cancer treatments.

Bacterial Culprits Identified

Several microbes have been consistently associated with colorectal cancer, including Fusobacterium nucleatum, enterotoxigenic Bacteroides fragilis, Enterococcus faecalis, and certain strains of E. coli, Aryal said.

Fusobacterium nucleatum, for example, is found in much higher amounts in people with colorectal cancer compared to healthy people and is particularly abundant in tumor tissue. Higher levels of this bacterium are also linked to stronger inflammatory signals in the gut and can attach directly to the gut lining using a specialized protein, which helps kick-start cancer-related changes.

“However, we still need well-designed intervention studies to determine whether these microbial changes are true drivers of cancer or simply a consequence of the tumor environment,” Aryal said.

The microbiome’s impact is not only about which bacteria are present, but also what they are doing. Microbial by-products—substances produced by microorganisms such as bacteria as a result of breaking down—and toxins—such as chemicals made by bacteria that can irritate the gut or damage cells—either protect the colon or increase inflammation and DNA damage.

“This is why the microbiome is becoming an increasingly important part of conversations around early detection, prevention, and personalized cancer therapy,” Aryal said.

What You Can Do

Maintaining a healthy gut microbiome is a key factor in preventing colorectal cancer.

Dietary fiber, probiotics, prebiotics, synbiotics—products combining probiotics and prebiotics—and even fecal microbiota transplantation can help rebuild microbial balance and regulate immune and inflammatory pathways, Abdulqadir said.

Focus on Fiber and Whole Foods

From a dietary perspective, the most important step is to consistently follow an eating pattern that supports microbial diversity, especially one rich in dietary fiber. A high-fiber diet that includes fruits, vegetables, fermented foods, and prebiotic or probiotic sources helps maintain a healthier microbial balance and creates a gut environment less supportive of tumor development, Aryal said.

“Incorporating Mediterranean-style eating patterns is especially helpful because they emphasize whole grains, legumes, vegetables, and healthy fats that support microbial diversity,” he added.

Consider Targeted Supplements

Probiotics may help lower the risk of colorectal cancer. One well-studied strain, Faecalibacterium, has been shown in animal research to reduce gut inflammation and protect against colitis.

Other probiotics, including certain Lactobacillus and Bifidobacterium strains, help strengthen the gut lining and support healthy cell growth—especially in people with a history of polyps—small growths on the lining of the bowel that can sometimes turn into cancer.

“When probiotics and prebiotics are used together as synbiotics, they help reduce inflammatory mediators and create a gut environment less favorable for tumor development,” Aryal said.

Doses and specific types can vary, so it’s best to talk to a doctor before trying them.

Stay Active

Regular physical activity also plays an important role in optimizing the gut microbiome and lowering colorectal cancer risk, Aryal said.

“Exercise increases microbial diversity, enhances short-chain fatty acid production, and reduces inflammation, all of which help keep the colon healthy.”

Keep It Simple

Gut health doesn’t need to be complicated, McFadden said. His top advice is not to overthink it.

“Eat real food more often. Get fiber in your diet. Cut back on heavily processed foods when you can and don’t chase supplements or trends,” he said.

In his own life, McFadden keeps things simple. He tries to eat balanced meals, stay active, and get decent sleep. He pays attention to stress because of his awareness of its effects on the body, including the gut.

“I’m not perfect, and I don’t expect my patients to be either. I just try to be consistent most of the time.”

Tyler Durden Tue, 02/24/2026 - 21:45

CIA Tells Iranians: 'We Want To Help You' - As US Bombers Loom

The US Central Intelligence Agency has never been shy about letting it be known it is seeking to recruit informants from places like China, North Korea and Iran.

The agency has in the recent past released messages in Mandarin, Korean, and Farsi. As a CIA spokesman once said during a prior recruitment effort, "We want to make sure individuals in other authoritarian regimes know that we're open for business."

On Tuesday the CIA issued a special message once again for Iranians in particular, but now the timing is more interesting, given the Trump administration stands on the precipice of deciding on pursuing war or diplomacy with Tehran. He's also gearing up to give his State of the Union Address, and Iran will be high on the agenda.

The CIA posted to X, Instagram, and other officially verified platforms a video in Farsi which encourages Iranians to contact the agency, while featuring instructions for using Tor and other encrypted methods to ensure anonymity, and so local Iranian authorities can't uncover the communications.

The CIA in the message while addressing Iranians in the context of the recent anti-government protests stressed the agency "can hear your voice" and "wants to help you".

According to some of the brief video details:

The video walks viewers through several steps that should be taken to ensure that any contact with the CIA from within Iran will be kept private and to ensure that the identity of the dissident cannot be found out.

It suggests that anyone wishing to contact the CIA should do so from a burner device and using the most up-to-date version of their internet browser of choice.

The person should also use the browser’s incognito mode and clear the browser and device history after making contact, it says.

It also strongly encourages anyone who contacts the agency from Iran to use Tor or a VPN to encrypt the communication, and provides instructions on how to use Tor, warning that without doing so, a visit to the CIA website will be visible to others.

Such outreach efforts, in search of potential future spies, isn't going to help relations between Iran and the US, given Iranian leaders are already on edge about the biggest Pentagon build-up in the region since the 2003 Iraq war.

Tehran has already accused the protesters of being in league with the US, Israel, and foreign intelligence. This fresh CIA recruitment effort is only going to fuel these suspicions and paranoia further. 

Israel has all the while been even more boastful that it had agents "on the ground" during January's deadly unrest, which saw thousands of protesters killed, but also resulted a reported couple hundred police and security personnel killed.

Tyler Durden Tue, 02/24/2026 - 21:20

A Dozen US F-22 Stealth Jets Land In Israel As Iran Tensions Soar

On Tuesday, TOI and other Israeli media featured some photos of American F-22 Raptors taking off from England's Royal Air Force Lakenheath, which were expected to then fly to southern Israel...

Israel's public broadcaster KAN has reported that at least 12 US F-22 fighter jets landed at an Israeli air base in the south of the country, connected with the ongoing Pentagon build-up threatening anti-Tehran action.

"Twelve US F-22 fighter jets landed this afternoon at one of the Israeli Air Force bases in the south of the country, as part of the American deployment in the Middle East," KAN said.

The publication added of what is the world's most sophisticated and high-tech stealth jet, that it is capable of "penetrating enemy territory and disabling air defense systems and radar installations."

Local media further described the fighter jets' presence as in anticipation of potential new attacks by Iran-aligned Houthi forces in Yemen. The Houthis had previously, in solidarity with Gaza and Iran, pummeled Israel with long-range drones and ballistic missiles.

These projectiles have at times even reached international airports in Israel, but the launches out of Yemen have quieted down of late, especially once a Gaza ceasefire was finally cemented.

Over in Iran, there are reports of some sporadic protests at universities, but nothing yet near in size to what January witnessed: 

The Iranian government has emphasised that protesting students must adhere to the theocratic establishment’s “red lines” as violent clashes took place inside universities for a fourth day.

Iranian students “have wounds in their hearts” and are angry, government spokesperson Fatemeh Mohajerani acknowledged to reporters during a news conference in Tehran on Tuesday, in an apparent reference to thousands killed during nationwide protests in January.

The Iranians are meanwhile still hoping for diplomatic resolution to the standoff, and by week's close another round of nuclear and peace talks are expected.

Are the F-22s already active in skies over Gaza and the region?

Breaking | A squadron of U.S. F-22 fighter jets is flying over the skies of the Gaza Strip, deploying thermal flares. pic.twitter.com/zjJu90jylA

— غزة 24 | التغطية مستمرة (@Gaza24Live) February 24, 2026

Tyler Durden Tue, 02/24/2026 - 20:30

Anthropic Accuses DeepSeek, Other China-Based AI Firms Of Free-Riding

Authored by Bill Pan via The Epoch Times (emphasis ours),

Anthropic, the maker of the Claude chatbot, accused three of China’s leading artificial intelligence (AI) companies of creating more than 24,000 fraudulent accounts to tap into its system and train their own models.

The DeepSeek app on an iPhone screen in San Anselmo, Calif., on Jan. 27, 2025. Justin Sullivan/Getty Images

The three companies—DeepSeek, Moonshot AI, and MiniMax—allegedly used those accounts to send more than 16 million prompts to Claude, siphoning off output to refine their own products, Anthropic said in a Feb. 23 blog post.

“These campaigns are growing in intensity and sophistication,” the San Francisco-based company said.

The tactic, known as “distillation,” involves training a smaller, less powerful “student” model on the outputs, behavior, and knowledge of a much larger, more advanced “teacher” model. This allows the student system to imitate the teacher’s capabilities without the time and money required to develop them independently.

Anthropic said the scale of the three companies’ alleged distillation activities varied. DeepSeek alone generated about 150,000 interactions with Claude, while Moonshot and MiniMax logged more than 3.4 million and 13 million, respectively, according to Anthropic.

Since many China-based models such as DeepSeek’s R1 do not charge a monthly subscription fee, widespread distillation could make it harder for American providers, such as OpenAI and Anthropic, to monetize products they have spent billions of dollars to build and maintain. That imbalance, the company said, risks eroding the United States’ competitive advantage in AI that export controls are designed to preserve.

Anthropic, which emphasizes its focus on AI safety, further warned that it and other U.S. companies build safeguards to prevent bad actors from using AI to, for example, develop biological weapons or carry out cyber attacks. Illicitly distilled models, by contrast, may lack such guardrails.

“Foreign labs that distill American models can then feed these unprotected capabilities into military, intelligence, and surveillance systems—enabling authoritarian governments to deploy frontier AI for offensive cyber operations, disinformation campaigns, and mass surveillance,” the company warned.

If distilled models are later open-sourced, it added, the risk multiplies as those capabilities “spread freely beyond any single government’s control.”

DeepSeek, Moonshot, and MiniMax did not respond to requests for comment by publication time.

DeepSeek leaped into the top ranks of AI makers last year with the release of its R1 chatbot, which it says was built at a fraction of the cost of leading U.S. alternatives. The launch sparked a tech stock selloff of more than $1 trillion, as investors fretted that a low-cost made-in-China model could undercut Silicon Valley’s AI lead.

Since then, China-based firms have flooded the market with relatively affordable text, image, and video models. Moonshot last month released a new open source model, Kimi K2.5, and is seeking a valuation of about $10 billion in a new funding round, while MiniMax also made its public market debut at about $6.5 billion.

Anthropic alleged that the three firms used “fraudulent accounts and proxy services to access Claude at scale while evading detection.” Proxy networks can obscure a user’s true location and allow them to bypass regional restrictions to open large numbers of accounts.

The Claude maker said it identified the actors with “high confidence” based on internet protocol addresses, metadata, and “corroboration from industry partners who observed the same actors and behaviors on their platforms.” MiniMax, for instance, was seen in action as the company allegedly redirected nearly half its traffic to siphon capabilities from the latest Claude model when it was launched, Anthropic stated.

The allegations come as U.S. chip exports to China attract debate over national security concerns.

In January, the Trump administration published a new regulation that loosened restrictions on the export of Nvidia’s H200 chips, a move that federal officials said is justified to foster China’s reliance on lower-tier U.S. chips rather than the most advanced ones. Critics, however, say that any potential boost to China’s AI computing capacity is a risk too big to accept.

Anthropic, which has consistently called for tighter controls on advanced chips to China, did not explicitly blame the U.S. policy for enabling the alleged extraction, but cited such attacks as further justification for stricter export controls.

“Executing this extraction at scale requires access to advanced chips,” the company wrote in its blog post, stating that restricted chip access would limit “both direct model training and the scale of illicit distillation.”

The Epoch Times has reached out to the U.S. Department of Commerce for comments regarding Anthropic’s concerns.

Tyler Durden Tue, 02/24/2026 - 20:05

"Anathema In The University Mission": Bari Weiss Canceled At UCLA

Authored by Jonathan Turley,

This week, CBS News Editor-in-Chief Bari Weiss was supposed to give the UCLA Burkle Center’s annual Daniel Pearl Memorial guest lecture on “The Future of Journalism.” It was a wonderful opportunity for students to hear from one of the impactful voices in the media. However, they will not be able to do so after a successful cancel campaign supported by faculty members.

The College Fix reports that roughly 11,000 people signed a petition demanding the university cancel the event, and a leader at the center hosting her talk threatened to resign if the journalist spoke.

One of the most outspoken critics was Margaret Peters, associate director of the Burkle Center, who suggested that she would resign even if Weiss were allowed to speak virtually, according to The Daily Bruin.

The LA Times reported that UCLA was turning to the common excuse of security concerns to effectively yield to the heckler’s veto.

Peters told The Daily Bruin:

“that she believes Weiss has used the guise of free speech to attack people on the left whose opinions she does not agree with – and having her speak at a signatory lecture would legitimize these actions...

To invite somebody who is working against that mission in highly powerful places just seems like anathema in the university mission.”

This statement is an example of the culture that is inculcated into students who become intolerant in college. It explains why students feel righteous in shouting down or interrupting speakers.

What is “anathema” to the academic mission is the viewpoint intolerance and orthodoxy shown by Peters and the faculty and students at UCLA. In accusing Weiss of attacking those with “opinions she does not agree with,” Peters demanded that Weiss be silenced as someone with opinions that she does not agree with.

The lack of self-awareness is a common element among many in higher education who claim to support free speech and intellectual diversity while purging universities of conservative or libertarian faculty or speakers.

The fact that UCLA would pick Peters to lead this Center speaks volumes about the culture in higher education. Peters felt complete license to speak as the Associate Director for the canceling of speakers with opposing views.  Her overt intolerance was likely an advantage with other faculty members.

After years of surveys showing the purging of faculty ranks, there is no evidence that faculty members are willing to allow a diversity of opinions.

After years of viewpoint intolerance, schools like Yale have finally reached the point where there is not a single faculty member left who donates to the Republican Party or candidates.

In 2018, a faculty member who called for greater viewpoint diversity at Sarah Lawrence was the subject of threats and vandalism.

Samuel J. Abrams, a professor at Sarah Lawrence College, wrote about the problem almost ten years ago. His research showed that, while the faculty was overwhelmingly liberal, the administrators were even more so. In his survey of 900 college administrators, he found that liberal staff members outnumber conservative staff members by a 12-to-1 ratio: “A fairly liberal student body is being taught by a very liberal professoriate — and socialized by an incredibly liberal group of administrators.”

That was almost a decade ago.

This does not happen overnight or by accident. It is the result of faculty and administrators replicating their own views while effectively purging their ranks of conservatives or moderates.

Today, even liberal columnists like Ezra Klein have been subject to disruptive protests. It is rare for libertarian or conservative figures to be invited on campuses and these faculty members have succeeded in deterring others.

It is important for speakers to continue to appear on campuses despite these threats. We cannot yield to the mob.

Tyler Durden Tue, 02/24/2026 - 19:15

Leftist Media Outraged After USA Olympic Hockey Team Goes Pro-MAGA

Perhaps it's destiny - The last time the USA Men's Olympic Hockey Team won the gold in 1980 they had to first defeat the communist Soviet Union.  It was not the final game of the Olympics, it was the second to final game, but it was the only game that was treated as an epic battle of cultural and political ideals and not just a sports competition.  In 2026, the Team USA finally won again, this time against the increasingly communistic country of Canada. 

Maybe this time around the global audience was not as aware of the political nature of the event, but the woke left was certainly spellbound, poised to exploit the outcome as symbolic of an ideological victory over American conservative principles.  In other words, they expected the Canadians to win, and they planned to gloat about the downfall of the US image at the feet of a far-left country.  Obviously, it didn't work out that way.

To pour salt on their wounded progressive egos, the men's team is largely pro-MAGA and says they are excited to attend Trump's State of the Union Address.  Leftist activists have been pressuring American athletes throughout the Olympics to denounce the Trump Administration.  Particularly, they have called on American representatives to speak against ICE and the mass deportation of illegal immigrants. 

The USA Women's Hockey team capitulated and chose to snub Trump's invitation after their gold medal win.  Leftists expected the men to do the same.  Instead, they invited FBI Director Kash Patel and partied with him after the win. Patel is an avid hockey player and was already present in Milan to oversee security for the proceedings.  Donald Trump also made a locker room call to the team to congratulate them.     

You can hear the genuine pride in Donald Trumps voice when he called the Team USA Hockey Team pic.twitter.com/ch6GbXShwh

— Harrison Krank (@HarrisonKrank) February 23, 2026

It all seems like good, clean American patriotism, but that's the problem.  Now, the establishment media is running a blitz against the men's team, attacking them in a series of hit pieces and denouncing their support of the President. 

The Nation calls it the "Ugly Underbelly Of The US Men's Hockey Victory", asserting that:

"Trump holds incredible nostalgia for the “Miracle on Ice” Olympic hockey team of 1980. This was the squad that, in one of the great Olympic upsets of all time, defeated the USSR in the semifinals before winning the gold. Pundits turned the victory into a right-wing symbol. It showed that the country had moved away from the social struggles of the 1960s and ’70s and embraced the crypto-fascist variant of patriotism best exemplified in the 1980 election of Ronald Reagan..."

In other words, leftists despair over the loss of the communists and their eventual downfall.  They see the victory of capitalism as "crypto-fascist".  The Nation attacks the men's team as if they work for Trump.  This is what leftists do when people don't submit to their demands and refuse to virtue signal for the woke agenda.

"Unlike other US Olympians speaking out against this regime, men’s hockey players chose to be lickspittles..."

"...The real Olympic heroes were the athletes who stood up for each other - and against Trump."

They go on to list the handful of Olympic athletes who decided to pull a "Kaepernick" and politicize their sport with activism instead of simply competing and representing their country.  

Slate raged over Kash Patel's celebration with the team, suggesting he had no reason or right to be at the event (even though he was invited to be there).  The cope and seethe was readily apparent in SBNation's screeching diatribe in which they argued that:

"Instead of trying to carve off football and basketball viewers, the NHL has been marketing itself to non-sports fans, emphasizing women, supporting the LGBTQ+ community with Pride Nights, and making substantial inroads with Gen Z as a result..."

Yes, and this is a detrimental error because hockey fans generally do not like woke nonsense and mentally ill, sexually degenerate activists.  The LGBT agenda has been forced on hockey fans, they never asked for it.  And, just because Gen Z is more inclined to watch hockey does not mean those particular viewers are more inclined to be gay or woke.  They continue:

"We’re left with a sport that’s at odds with itself, during a time of momentous change. A new generation of young, diverse fans running headfirst into a sport that has often held a reputation for being insular, tribal, exclusionary, and prejudiced. Team USA’s celebration was everything the NHL has been trying to push against, now it’s on full display..."

The Guardian played to the deportation angle and the idea that players might receive "backlash" (backlash that the leftist media often generates and fabricates) if they attend Trump's State of the Union, suggesting that they avoid political entanglements.

"Some players will face pressure to be “team players” and go along with the propaganda-driven Capitol Hill invitation. But perhaps some will recognize that they are being asked to give tacit approval to an administration that is denying many US residents and citizens a chance to be a part of Team USA writ large..."

No legal American citizens are being denied their citizenship.  Around 10 anchor babies have been deported along with their illegal parents, but this is not necessarily a denial of their citizen's status.  Regardless, no foreigner is entitled to access the US for any reason. 

Open immigration is a fabrication of the political left, even the "melting pot" narrative was a creation of early socialists.  It is not an integral part of the American tradition.  Migrants have to earn the right to come to the US.  They are not owed anything.

At bottom, hockey has been targeted for co-option by the political left since the early 2020s and they thought they had taken full control of the platform. This is why they are outraged by the behavior of the men's Olympic team.  The leftists assumed that they owned these guys. 

Beyond that, the media was hoping for a Canadian win as a springboard to bag on the US and Trump.  Instead, they lost, and now journalists are accusing Trump and the men's hockey team of politicizing the victory that leftists were planning to politicize.  Their hypocrisy knows no bounds.

Tyler Durden Tue, 02/24/2026 - 18:50

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.

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

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.