Zero Hedge

Is Anybody Ever Going To Say, "I'm Sorry"?

Is Anybody Ever Going To Say, "I'm Sorry"?

Authored by Mollie Engelhart via The Epoch Times,

This week, Dr. Anthony Fauci appeared before Congress and, on the advice of his attorney, repeatedly invoked the Fifth Amendment rather than answering many of the senators’ questions.

Everyone is talking about what he did or didn’t know, whether he misled Congress, whether he should have answered the questions, and whether he should be held accountable.

But that wasn’t the moment from this week that I can’t stop thinking about.

My husband called me as he was driving home from picking up grain for the hogs. He had stopped at Restaurant Depot to grab pizza boxes and a few supplies for the ranch. Rarely does he pay attention to American politics. Rarely is he interested in the stories that consume me.

He simply asked, “What’s going on with Fauci?”

I explained that he had spent much of the hearing invoking the Fifth Amendment rather than answering senators’ questions.

There was a long pause.

Then he asked me something that caught me completely off guard.

“Is anybody ever going to say, ‘I’m sorry. I was wrong. It cost you and your family everything?”

I had to choke back tears because no—nobody has ever said that to us.

My husband and I worked hard. We built businesses. We lived what most people would call the American dream. We weren’t looking for a bailout. We weren’t failing. In fact, when COVID-19 hit, we were just weeks away from selling our restaurant company under a $31 million contract.

Then came “two weeks to slow the spread.”

Two weeks became months. Months became years.

Government policies, not the virus itself, destroyed everything we had spent decades building.

This hearing didn’t make me feel any better. If anything, it ripped open wounds that had finally started to scar over.

Americans are still carrying losses that will never appear on a government balance sheet. They exist instead as tears in the fabric of lives that once felt secure. Businesses built over decades disappeared. Retirement accounts were drained. Marriages came under tremendous financial pressure. Ours was one of them. Homes were lost. Careers ended. Dreams were abandoned. Six years later, many of those wounds have not healed.

It would be easy to make this article about Fauci, but the truth is he is just one bureaucrat.

He may be the most recognizable face of the pandemic response and one of its highest-paid officials, but he was never acting alone. Governors issued orders. County health departments enforced them. School boards complied. Corporate executives complied. Church leaders complied. Republicans complied. Democrats complied.

And so did we, the people.

That may be the hardest part for me to admit. Yes, I am angry at Fauci, but, to be honest, I am just as angry at us.

When I say “us,” I don’t mean that I personally embraced those policies. I questioned them from the beginning.

I have never been vaccinated. That wasn’t a decision I made because of COVID-19. It was how I had lived my entire life. My mother raised me to question pharmaceuticals and to be cautious about trusting the government. That foundation shaped how I viewed the pandemic from the very beginning.

I don’t think that made me special. I think it made me less susceptible to what I believe was the greatest psychological operation of my lifetime.

But we, the people, largely complied.

We accepted the closure of our churches.

We accepted the destruction of small businesses.

We accepted keeping children out of school.

We accepted that bureaucrats knew better than families, business owners, pastors, physicians, and neighbors.

I believe we knew remarkably early that COVID-19 posed overwhelmingly different levels of risk depending on age and overall health. I believe we knew that respiratory viruses are ultimately resolved through herd immunity. We knew children and healthy adults were at extraordinarily low risk compared with the elderly and those with serious underlying health conditions.

Yet instead of allowing the conversation to evolve as the evidence accumulated, fear became the dominant force. Questioning the policies often became more unacceptable than questioning whether the policies were actually working.

This wasn’t simply one man’s failure.

It was a national failure.

Bureaucrats at every level implemented policies that devastated ordinary Americans. Republicans and Democrats alike largely fell in line. Many citizens did as well, whether out of fear, trust, social pressure, or the belief that someone else surely knew better.

Those of us who resisted often paid dearly. My family certainly did.

I thought that chapter of my life was over. I thought I had graduated from wondering how I was going to pay the bills. I had lived that life in my 20s and early 30s. I had spent decades working eighty-hour weeks to build something that finally gave my family financial stability.

Then pandemic policies tore it all down, forcing me to start over.

Today, at 48, I find myself greeting every customer who walks through the door, hoping they’ll come back and tell a friend. I write every day, hoping my words ripple outward and bring people who believe in what we’re building.

I am grateful to still have the opportunity to build.

But this is not where I imagined I would be after decades of working to finally get ahead.

A virus did not destroy everything I built.

Government policies did.

That doesn’t mean every decision was made with bad intentions.

It does mean that good intentions can still produce devastating consequences, and when those consequences permanently alter millions of lives, accountability matters. Humility matters. The willingness to simply say, “We were wrong,” matters.

This week, my husband asked me a question I still don’t know how to answer.

“Is anybody ever going to say, ‘I’m sorry. I was wrong. It cost you and your family everything?”

I don’t know if that day will ever come.

But I do know this.

This week, in that congressional hearing, was not that day.

Tyler Durden Sun, 08/02/2026 - 19:50

Leftist Activists Establish 'Autonomous Zone' In Madison

Leftist Activists Establish 'Autonomous Zone' In Madison

Authored by Ben Sellers via Headline USA,

Far-left activists with apparent ties to the Democratic Socialists of America recently established their own autonomous zone in Wisconsin's capital city, Madison.

Activist Carlos LeMar Dixon confronts Madison Police Chief John Patterson during a press conference about the shooting death of Corey Ruiz. / IMAGE: @CollinRugg via X

The tent cities have become a familiar sight in far-left cities where the destructive and disruptive occupation is openly encouraged by government officials.

Investigative reporter Andy Ngo noted that similar protests had occurred in Minneapolis and Seattle, both of which were ground zero for BLM riots during 2020's ironically dubbed "summer of love."

Seattle's 2020 autonomous zone, alternately called the CHAZ and the CHOP, became a haven for lawlessness and, eventually, murder.

Wisconsin-based conservative activist Eric Bott, a regional vice president at Americans for Prosperity, alleged that the democratic socialist officials in charge of Madison's municipal government were "providing financial support and protection" to the current insurrection.

The far-left occupiers purported to be demonstrating on behalf of Corey Ruiz, a serial criminal who was killed on July 22 after allegedly stabbing a police officer during an altercation.

Ruiz's lengthy rap sheet included eight prior convictions over a 17-year period for charges including resisting, obstructing, threatening or injuring police officers.

Further feeding the perception that the insurrection was being conducted with the blessing and imprimatur of city officials was a press conference the day after Ruiz's death, during which a group of activists, led by local real-estate agent Carlos LeMar Dixon, hijacked a police press conference.

Dixon, who is believed to be staging a write-in campaign for governor, previously admitted to stealing the campaign signs of rival candidates.

Ben Sellers is a freelance writer and former editor of Headline USA. Follow him at x.com/realbensellers.

Tyler Durden Sun, 08/02/2026 - 18:40

The GOP Has Its Own Platner-Esque Nightmare Erupting In Ohio

The GOP Has Its Own Platner-Esque Nightmare Erupting In Ohio

Democrats spent months navigating the endless Graham Platner scandals in Maine, before credible rape allegations finally forced him out. Republicans got their own Platner-esque scandal of their own this week in Ohio.

Rep. Max Miller (R-Ohio) posted a 25-minute video to X on Sunday morning to deny a stack of abuse allegations from his ex-wife, Emily Moreno, the daughter of Sen. Bernie Moreno. He's been accused of holding a gun to her head, throwing scalding water at her, and fracturing their 2-year-old daughter's collarbone. Miller says none of it happened the way it's described, and he says a family court fight over custody explains why the story surfaced.

"Let me begin with the most painful accusation of all: I have never abused our daughter," Miller said in the video, adding that the claims "have damaged my reputation, caused enormous pain to my family, and most importantly, it's affected our daughter."

He asked viewers to draw their own conclusions from his ex-wife's behavior after the alleged assaults. "Ask yourself, if I had assaulted her, would she have offered to cook me dinner six days later? Would she have invited me to spend an afternoon at the playground with her and our daughter?" Miller said, insisting there is "no evidence" against him and that no court or child welfare investigation has substantiated the allegations. The boiling water, he said, was a kitchen sink spray mistaken for horseplay.

Police confirmed to CNN that prosecutors never filed charges over the daughter's collarbone injury, and that there are no other open investigations involving Miller or Moreno.

Miller has also filed a defamation suit against his ex-wife and her attorney. And the legal conflict cuts both ways: a judge last week ordered both Miller and Moreno - not just one of them - not to "threaten, abuse, annoy or interfere" with each other.

Whatever the merits of that defense, within the hour, Sen. Bernie Moreno of Ohio posted a statement.

"As he has admitted privately, Max Miller needs serious psychological help," Moreno wrote on X. "He is a danger to my daughter, and I hold my breath every minute he has custody of my granddaughter." He went further still, writing that "if there are any basic standards of character required to hold elected office, Max Miller fails them" and that his former son-in-law "should not serve in the House of Representatives."

He continued, "If there are any basic standards of character required to hold elected office, Max Miller fails them. He should not serve in the House of Representatives. I believe Max Miller needs to seek professional help to end the clear pattern of abuse he has left in his wake. I believe he should not be free to continue endangering others until he does."

Miller didn't let the statement sit unanswered. He shot back at Moreno in his own post on X, writing that "if my daughter said the same thing to me, I personally wouldn't wait two years before holding him accountable." "You know this isn't true and the only reason you are speaking out now is to hide from your own media circus. This is all political," he added.

A sitting Republican senator calling for a sitting Republican congressman to resign is not a dynamic party leadership wanted heading into a midterm cycle crowded with headaches. Moreno described the two years since the divorce as "pure hell" for his wife, his daughter and the rest of the family, which is not the kind of language reserved for a policy dispute.

Miller's Democratic opponent in the 7th District, union ironworker and Brook Park councilman Brian Poindexter, wasted no time exploiting the situation for his campaign. "No one credibly accused of holding a gun to his wife's head and breaking their 2-year-old daughter's collarbone belongs in the halls of power," Poindexter said in a social media post Sunday as part of a fundraising pitch.

Democrats clearly see an opening in a seat that was not on anyone's flip list a month ago.

Emily Moreno's spokesman, Stefan Mychajliw, offered his own assessment of Miller's livestream, and restraint was not the operative word. "It is shameful that Max Miller decided to go on a bizarre and lie-filled rant about his ex-wife to desperately try to save his political career," Mychajliw said in a post on X. "There is a documented trove of evidence that Miller has a history of violent and dangerous behavior and no amount of victim shaming will change that. Miller can lie and spin on X, but he cannot do so under oath in a court of law. We are confident that justice will prevail in court."

Miller, a former adviser in President Trump's first administration, who was previously endorsed by Trump this cycle, has given no indication he intends to step aside. "I'm not dropping out of this race," he said. "And I'll win in November."

The Ohio GOP faces a Wednesday deadline to swap him out if it wants a different name on the November ballot, an option party officials have discussed given the volume of pressure bearing down from inside the family and outside it alike.

Platner cost Democrats a clean shot at Susan Collins in Maine. Miller may cost Republicans a House seat that shouldn't even be competitive.

Tyler Durden Sun, 08/02/2026 - 17:30

Japan, Bretton Woods 2.0, & The End Of The Carry Era

Japan, Bretton Woods 2.0, & The End Of The Carry Era

Japanese Finance Minister Satsuki Katayama is set to announce as early as Monday that Tokyo and Washington are coordinating on steps in the foreign exchange market to curb the yen’s weakness, a person familiar with the situation told Bloomberg.

Satsuki Katayama

The content of the announcement is still being worked on but could happen as early as Monday morning, the person said, declining to be identified as the information isn’t public.

Reuters earlier reported Katayama would confirm the joint action, and reinforce the two sides’ commitment to battle what they deem as excessive declines in the yen.

Japanese authorities bought yen and sold dollars during New York trading on Friday, Bloomberg reported earlier, citing one person with knowledge of the matter. At the close of New York trading on Friday, the yen was quoted at 157.40 to the dollar, the strongest since early May.

Just two days earlier, it was flirting around the weakest levels since 1986.

The sharp gains were fueled by a combination of direct purchases of the yen, calls by officials to banks that trade the currency and jawboning from US Treasury Secretary Scott Bessent and Katayama.

Bessent’s commitment to shoring up the yen was also shown when Reuters published a photograph of a notepad in front of him at a cabinet meeting in Camp David on Friday.

Under a “To Do” title, it was written “Buy Japanese Yen (JPY) $5-10 bil.”

Japan’s original plan appeared to have been to stick to a “no comment” line while the operation was underway, and offer only subtle hints of US support.

The approach was kept to Thursday and Friday.

But with multiple media reports emerging and Bessent’s to-do list on show, authorities may have decided to change course and make a clear public announcement.

The operation on joint action is “still ongoing,” Reuters said, citing an unidentified government official.

As James Thorne, Chief Market Strategist at Wellington Altus, explained via X, Bessent’s move toward the New York Fed matters because it signals that Treasury understands the long end is being driven by flows, not by the inflation scare Wall Street keeps recycling.

Japan is now central to that story.

If Tokyo must defend the yen, the Ministry of Finance may need to sell U.S. Treasuries, and when the largest foreign holder of U.S. debt becomes a seller, the long end will reprice.

That is why this moment looks bigger than a routine currency episode.

It has the feel of a new Plaza Accord and the opening phase of Bretton Woods 2.0.

Since the 1980s, Japan has sat at the heart of the global yen carry trade, exporting savings, suppressing yields, and helping sustain a financial order built on cheap leverage and central-bank engineering. That order is now breaking down.

The end of QE and the coming end of the yen carry trade mean capital markets, not central banks, will increasingly set rates.

This is also why the inflation narrative is so weak.

Breakevens remain anchored. Credit markets are not pricing a new inflation regime. Wall Street keeps labeling every rise in the long end as “inflation risk,” but that is intellectual laziness.

The real story is Japan, reserve liquidation, and a global adjustment process that has barely been recognized.

Adding to that pressure is Big Tech’s pivot from providing savings to demanding credit.

The same companies that once absorbed duration are now issuing debt to finance AI infrastructure, data centers, chips, and power.

That is another reason the long end is moving.

The upshot, secular forces are tightening credit conditions, and central bankers need to cut policy rates to help facilitate the adjustment.

A global economy hooked on the carry trade cannot go cold turkey.

This unwind requires finesse.

Bessent is starting that process, but central bankers and Wall Street still need to abandon the Keynesian dogma that treats rise in the long end as an inflation scare!

The deeper shift is structural.

America is escaping secular stagnation by running the economy hot through supply-side economics, deregulation, and productive investment.

A Warsh Fed would fit that world, because growth would no longer be treated as a policy mistake.

Japan, meanwhile, may finally be restructuring both its economy and its geopolitical role.

That is why this is not an inflation story. It is the beginning of a new regime.

Tyler Durden Sun, 08/02/2026 - 16:55

Bill Gates Held A Top Secret 'Q' Clearance For Seven Years - And The DOE Won't Say Why

Bill Gates Held A Top Secret 'Q' Clearance For Seven Years - And The DOE Won't Say Why

Microsoft co-founder Bill Gates held a top-tier "Q" security clearance at the Department of Energy from 2014 to 2021 - though the DOE didn't grant it. Another federal agency vetted him first, and the letter confirming the clearance doesn't say which one.

The detail comes from a DOE letter entered into the Congressional record by Sen. Rand Paul (R-KY). The letter emerged as Fauci faced fierce Republican blowback during his Senate hearing last week, where the longtime face of COVID policy pleaded the Fifth more than 100 times.

A "Q" clearance is the Energy Department's highest classification level, the kind normally reserved for people working on nuclear weapons design, national labs, critical energy infrastructure, and highly classified scientific research. Gates kept that clearance for seven years, starting under President Obama and running through the entirety of the COVID-19 pandemic.

One explanation as to why; Gates founded and chairs TerraPower, the advanced nuclear reactor company that has spent years working alongside DOE national laboratories and won Nuclear Regulatory Commission construction approval in March. A nuclear executive holding a nuclear clearance is not, on its own, a scandal.

But the letter doesn't mention TerraPower - or why he had it at all. What it does say is that the clearance was granted reciprocally on June 11, 2014 - meaning it originated at another federal agency, and DOE simply honored it - before terminating on December 6, 2021. The letter does not name the agency that vetted him in the first place.

That's the question sitting in the middle of this document, and nobody in the federal government has answered it. Which agency decided a private citizen needed access to Restricted Data under the Atomic Energy Act, and for what program?

Once a Q clearance expires, getting it back isn't automatic. The government keeps reviewing eligibility, and anyone hoping to restore it usually has to show a real change in circumstances.

Tyler Durden Sun, 08/02/2026 - 16:20

Pages