“Both Parties Are Whirling Around The Drain Of Extinction…” Authored by Jim Kunstler, “A sane society cannot debate its way out of psychosis. It must diagnose the patient with lethal precision and restore the ancient boundary between the mad and the free.” – LHGrey on “X” Back in the days of sailing ships, a certain subtropical zone of the ocean became known as the “horse latitudes.” There, an eerie windless […]

“Cash Crunch” Deepens? Mark Walter Explores Chelsea FC Stake Sale To Clearlake The latest developments surrounding Mark Walter’s empire appear to reinforce Yahoo Sports reporter Jack Baer’s warning last week of a potential “cash crunch” following the abrupt $12.5 billion sale of the Los Angeles Lakers to Josh Kushner and former Disney chief Bob Iger. The Financial Times also reported last week that the FBI seized phones belonging to […]

Almost 60% Of Democrats Have A Favorable View Of Socialism Authored by Jonathan Turley, Recent polls show steady growth in support for socialism among Democrats. A new CBS poll shows how popular it is, with 58 percent holding a positive view of socialism—26 points more than the 32 percent with a positive view of capitalism. This may explain why House Minority Leader Hakeem Jeffries, while rejecting core parts of its platform, […]

Trump Doubles Down On Plans To Make Hormuz Strait At US Territory: “A Great Idea” Summary Trump repeats declaration that he’ll make Strait of Hormuz a “US territory”, calling it “a great idea”. Iran goes “fully offensive”: Tehran threatens escalation if diplomacy fails, after last week’s military command reshuffle. MoU expires: Iran says the US-Iran agreement is effectively dead & “irrelevant”.  Trump threatens Oman: Trump […]

Bill Maher Draws The Line: American Values Are Not Negotiable Authored by Steve Watson via Modernity News, Even Bill Maher has finally had enough. The longtime left-leaning comedian used his HBO platform to deliver a blunt message that cuts through years of open-borders ideology: if you want the American dream, you take American values with it. No exceptions. No special pleading. And no, it’s not “racist” to say so. On a recent […]

Trump Accuses BBC Of Harassing His Family In $10bn Lawsuit Authored by Steve Watson via Modernity News, President Donald Trump has accused the BBC of harassing his family after the state-funded broadcaster’s lawyers tried to force his children and son-in-law to testify in his $10 billion defamation lawsuit. The corporation’s legal team asked a Florida court for authorisation to serve subpoenas on Donald Trump Jr, Ivanka Trump […]

Copper Squeeze Deepens In London As Futs Near Record; Barclays Flags Top Mining Picks Copper prices in London have held above $14,000 a ton for nine consecutive sessions, with steep backwardation signaling that near-term demand is outstripping available supply. A confluence of bullish drivers is pushing prices toward record highs, while the key cash-to-three-month spread has widened to its highest level since the 2021 market […]

Massachusetts Mayor Charged With Using COVID Loan For Election Campaign, Debt Payments Authored by Aldgra Fredly via The Epoch Times, A Massachusetts mayor was arrested on Aug. 14 on allegations that he fraudulently secured more than $1.5 million in COVID-19 small-business loans to fund his election campaign and pay personal taxes and mortgages. Lawrence Mayor Brian DePeña, 61, was charged with one count of wire fraud and one […]

“July Was A Bad Month”: Jane Street Lost $15 Billion In First Down Month In A Decade Back in February, just around the time gold and silver had peaked at prices that seemed impossible just a year earlier… … we warned readers that with Jane Street emerging as the biggest holder of SLV with almost 21 million shares, it was time to get the hell out of the precious metal as this HFT shop, best known for spawning SBF, the 10am […]

Americans Are Falling Into The Socialist Trap By Blaming Capitalism For Damages Of Statism Authored by Daniel Lacalle, Americans are falling into the socialism trap by not realizing that solving big government problems with an even bigger one is dangerous. Many blame capitalism for their affordability problems, when the true cause is statism. Statism is the gradual replacement of civil society, markets, savings, and individual […]

Swalwell Admitted To Fang-Banging ‘Rusty Thumbs’ Amid FBI Investigation Into Illegal Donations: Docs The FBI spent months trying to turn a suspected Chinese intelligence operative into a confidential informant, then shut the effort down and opened a criminal investigation into the California congressman she had been sleeping with. FBI files declassified by President Donald Trump and released by the White House Government […]

Trump Hails Mecca Defense Pact As ‘Big, Bold, Important First Step’ Since the signing of a defense pact earlier this month by Saudi Arabia, Turkey, and Pakistan – which is being touted as having NATO level protections akin to an Article 5 style ‘attack on one is an attack on all’ – there’s been much speculation on whether Washington would embrace or reject it. After all, it seems to put greater distance between Saudi Arabia and […]

For The American Left, Nothing Succeeds As Much As Failure Authored by Jonathan Turley, Below is my column in The Hill on the familiar bust-and-boom cycle of socialism, where failure is used to call for even more radical changes. While House Minority Leader Hakeem Jeffries this week reaffirmed that Democratic Socialists are part of the Democratic Party, radical figures are demonstrating how extreme this agenda is for some. For […]

Kushner Holds Talks With Netanyahu On Gaza Peace Plan Authored by Tom Ozimek via The Epoch Times, U.S. special envoy Jared Kushner was meeting with Israeli Prime Minister Benjamin Netanyahu on Aug. 17 as Washington sought Israel’s support for a 15-point roadmap aimed at advancing President Donald Trump’s peace plan for Gaza. Monday’s discussions were expected to focus on dismantling Hamas’s military capabilities, […]

Key Events This Week: FOMC Minutes, PMIs, Industrial Data; WalMart And Home Depot Earnings While global equity indices are at or close to all-time highs, DB’s Peter Sidorov writes that we’re seeing more challenging August crosswinds playing out in bond markets. Expectations for an imminent Fed rate hike have been pulled back, but this has been accompanied by a significant US curve steepening, with the backdrop of higher oil […]

AI Pledge Allegiance To The Flag By Bas van Geffen, senior macro strategist at Rabobank As Bloomberg recounts that “the ceasefire is set to expire today,” there is little left of that truce to begin with. Negotiations have broken down. And over the weekend, Israel conducted new strikes in Lebanon, a bulk carrier that tried to leave the Strait of Hormuz was hit by a projectile, and Yemen’s port suspended operations after […]

China Economic Growth ‘Downside Risk’ Looms; Goldman Warns After July Macro-Miss-Fest China’s July activity data weakened from June, missing market expectations across the board, and signaling a soft start to Q3 amid continued divergence between resilient exports and subdued domestic demand. Originally slated for publication late last night (US time), the data release was delayed for five hours after the statistics agency revised […]

“US Can’t Bomb Its Way To Victory”: Scotiabank Maps Bessent’s Coming Economic Hammer On Iran Brent crude futures ended last week near $88.50 a barrel as traders awaited details of Treasury Secretary Scott Bessent’s planned escalation campaign of the economic war against Iran. Bessent said Friday that Washington would announce unprecedented economic-isolation measures next week, warning that the coming pressure campaign would be […]

Futures Rise On Fresh Push Higher In Tech Futures are higher again, just a few basis points away from a new all time high, led by Tech as the week starts with Semis / Memory / AI themes bid globally, as small-caps are fractionally in the red. As of 8:00am ET, S&P futures are 0.1% higher, while Nasdaq futures climb 0.5% after strong revenue growth at Anthropic helped boost optimism around artificial intelligence and bolstered […]

Trump Says US To ‘Substantially Reduce’ Military Drills With S.Korea, Cites ‘Very Good Relationship’ With Kim President Trump revealed Sunday he has ordered the Pentagon to scale back joint military exercises with longtime close ally South Korea, surprisingly mentioning his “very good relationship” with North Korean leader Kim Jong Un as a motivating factor in the decision. Trump said in a Truth Social posts that exercises, due to […]

CXMT Becomes China’s Most Valuable Company As UBS Calls Apple Sourcing Report A “Key Catalyst” Shares of ChangXin Memory Technologies (CXMT), China’s top DRAM maker, surged 12% to a record 61.80 yuan on Monday, lifting its market capitalization to 4.13 trillion yuan. The upside is because reports that Apple is considering using CXMT memory chips, alongside continued momentum across chip stocks following last week’s gains in SanDisk […]

GB News Host Forced From Home By Migrant Gang Death Threats Authored by Steve Watson via Modernity News, GB News presenter Patrick Christys was ordered by police to abandon his home in the middle of the night after a credible death threat from the Channel people-smuggling gangs he continues to expose in Calais. The threat-to-life notice from the Metropolitan Police left Christys and his heavily pregnant wife, fellow GB News […]

“Ballpark To Battlefield”: Ondas’ M&A Blitz Builds Drone And Ground Robotics Empire Our mid-June initiation, “How To Profit From the Asymmetric Warfare Boom,” identified the leading public and private companies positioned across the drone and counter-drone space. Our first single-name coverage focused on Unusual Machines on July 23 (read here). The stock has since surged nearly 77% (read here), signaling that Wall Street is […]

Second Ceuta Border Invasion Attempt Underway As Military-Aged Migrants Mass Near Spanish Enclave Summary:  Second Ceuta Border Invasion Attempt By Sub-Saharan Africans Ilegals  Public Health Disaster Unfolds In Ceuta After First Invasion, Weeks Ago Hybrid Warfare Fears Mount As Migrant Flows Weaponized  Italy’s Schengen suspension with Spain will remain until security risks disappear Weaponized Migrant Flows: Spain’s […]

Iran’s Army Chief Offers $30K Reward For Kill Or Capture Of American Troops In the face for more White House threats against Iran, including Scott Bessent’s latest unprecedented ‘economic isolation’ plan for the Islamic Republic, it remains clear that the Iranians aren’t backing down. Instead, they are issuing some heightened threats and bluster of their own. The country’s military in a surprise move announced Sunday that it was […]