Bill Clinton Responds After Half-Naked Photos Appear In Latest Epstein Drop

For months, Democrats have tried to weaponize the delayed release of the Epstein files against President Donald Trump, after Trump got all weird about releasing the files in February. In recent weeks, House Dems selectively leaked materials to suggest the delay meant Trump had something to hide, even though none of the photos or emails implicated him in Epstein's sex-trafficking (something the NY Times even admitted). And after enormous bipartisan pressure spearheaded by Rep. Thomas Massie and MTG, Trump finally signed the Epstein Files Transparency Act into law - requiring the release of 'all' the Epstein files no later than Friday. And while the DOJ only released 'about half' of what they were supposed to, they did offer a deeper peek into what was going on behind the scenes.

The first tranche of DOJ files released Friday include thousands of pages of material on Epstein and Ghislaine Maxwell, along with photos featuring high-profile figures such as Bill Clinton, Michael Jackson, Diana Ross, Mick Jagger, Kevin Spacey, Chris Tucker, Sarah Ferguson, Prince Andrew, and Bill Gates.

While no major bombshells have surfaced yet, former President Bill Clinton is facing renewed scrutiny because of some of the photos in the latest release: him posing with Epstein in matching shirts, chatting up a dancer, and lounging on what appears to be a plane with a redacted woman on his lap. Clinton also appears at a dinner table with Mick Jagger, Epstein, and Maxwell.

One standout image captures Clinton in a pool or hot tub with an unidentified woman whose face the DOJ blacked out, indicating that the individual is a victim and/or underage, which was allowed by the Epstein Files Transparency Act.

Mr. Clinton is one of the few people whose faces were not redacted, along with Mr. Epstein himself and Ms. Maxwell. In posts on X after the release, a White House spokeswoman repeatedly pointed out photos of Mr. Clinton and argued that the news media did not want to focus on the images.

“Here is Bill Clinton in a hot tub next to someone whose identity has been redacted. Per the Epstein Files Transparency Act, DOJ was specifically instructed only to redact the faces of victims and/or minors. Time for the media to start asking real questions,” White House deputy press secretary Abigail Jackson wrote on her personal X account.

Meanwhile, Republicans on the House Oversight Committee are also seeking to force Bill and Hillary to give in-person depositions in their own investigation. On social media, Trump has claimed without evidence that Clinton and other Democrats spent “spent large portions of their life with Epstein, and on his ‘Island.’”

Unsurprisingly, the Clinton camp wasn’t happy about the latest drop. Angel Ureña, Clinton’s deputy chief of staff, posted an angry statement attacking the release on X. “The White House hasn't been hiding these files for months only to dump them late on a Friday to protect Bill Clinton. This is about shielding themselves from what comes next, or from what they'll try and hide forever. So they can release as many grainy 20-plus-year-old photos as they want, but this isn't about Bill Clinton. Never has, never will be. Even Susie Wiles said Donald Trump was wrong about Bill Clinton,” Ureña wrote. ”There are two types of people here. The first group knew nothing and cut Epstein off before his crimes came to light. The second group continued relationships with him after. We're in the first. No amount of stalling by people in the second group will change that.”

Ureña concluded, “Everyone, especially MAGA, expects answers, not scapegoats.”

Clinton’s ties to Epstein have been well documented - having moved in the same elite circles as far back as the early 1990s, leaving behind a trail of photos over the years. Epstein and Maxwell visited the Clinton White House multiple times, and Maxwell later appeared at Chelsea Clinton’s 2010 wedding.

Clinton also flew on Epstein’s jet in the early 2000s for trips his team says were connected to Clinton Foundation work in Europe, Asia, and Africa. Clinton faces no criminal charges related to Epstein, and his representatives insist he did not know about Epstein’s crimes.

And of course, the MSM is pissed!

“The images and documents have been released without context or background information,” the New York Times writes. “It is unclear which photographs might have been taken by Mr. Epstein and which might have been sent to or acquired by him, or where many of them were taken. Justice Department officials have not said how they selected the particular tranche of documents that were released on Friday.”

Tyler Durden Sat, 12/20/2025 - 15:45

Fulton County Admits Certification Of 315K Potentially Unlawful Ballots In 2020

Authored by Luis Cornelio via Headline USA,

An attorney for Fulton County, Georgia admitted earlier this month that the county accepted roughly 315,000 early votes that were not lawfully certified in the 2020 presidential election. 

Attorney Ann Brumbaugh made the admission while representing the Fulton County Board of Registration and Elections at a Dec. 9 hearing before the Georgia State Election Board, according to Wednesday’s reporting by The Federalist. 

The SEB hearing pertained to a complaint filed by election integrity activist David Cross, who accuses Fulton County of having violated Georgia law by counting early votes that were not properly signed off by election workers. 

As quoted by The Federalist, Brumbaugh told the board that Fulton County does “not dispute that the tapes were not signed.” 

She added, “It was a violation of the rule. We, since 2020, again, we have new leadership and a new building and a new board and a new standard operating procedures. And since then the training has been enhanced. … But … we don’t dispute the allegation from the 2020 election.” 

According to The Federalist: 

“Georgia’s Secretary of State Office investigated the alleged failure to sign tabluation [sic] tapes and ‘substantiated’ the findings that Fulton County ‘violated Official Election Record Document Processes when it was discovered that thirty-six (36) out of thirty-seven (37) Advanced Voting Precincts in Fulton County, Georgia failed to sign the Tabulation Tapes as required [by statute],’ according to a 2024 investigation summary. In addition to probing the unsigned tabulation tapes, the investigation also found that officials at 32 polling sites failed to verify their zero tapes.” 

The issue, as detailed by the outlet, is that Georgia statute orders election officials to print three “closing tapes” toward the end of each voting day.  

Doing so allows officials to officially end counting for the day and avoid votes from the previous day being overcounted. 

“These signed tapes are the sole legal certification that the reported totals are authentic,” Cross said during the SEB hearing.

“Fulton County produced zero signed tabulator tapes in early voting.” 

Cross reportedly uncovered the discrepancy through open records requests that cost him $15,800.  

“These are not clerical errors. They are catastrophic breaks in chain of custody and certification,” Cross said.

“Because no tape was ever legally certified, Fulton County had no lawful authority to certify its advanced voting results to the secretary of state. Yet it did. And Secretary Raffensperger accepted and folded those uncertified numbers into Georgia’s official total without questioning them. This is not partisan. This is statutory. This is the law. When the law demands three signatures on tabulator tapes and the county fails to follow the rules, those 315,000 votes are, by definition, uncertified.” 

Tyler Durden Sat, 12/20/2025 - 15:10

At the Calculated Risk Real Estate Newsletter this week:

Click on graph for larger image.

• NAR: Existing-Home Sales Increased to 4.13 million SAAR in November

• Lawler: Another Strange NAR Reading on Northeast Median Sales Prices

• Lawler: Early Read on Existing Home Sales in November and Update on Mortgage/MBS Yields and Spreads

• Part 1: Current State of the Housing Market; Overview for mid-December 2025

• Part 2: Current State of the Housing Market; Overview for mid-December 2025

• 3rd Look at Local Housing Markets in November

This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.

ICE Announces 'Most Successful' Recruitment Campaign In US History

Authored by Naveen Athrappully via The Epoch Times,

The Department of Homeland Security (DHS) received more than 220,000 applications for more than 10,000 open positions at Immigration and Customs Enforcement (ICE), ICE said in a statement on Dec. 18.

DHS has officially hired 11,751 law enforcement officers, attorneys, criminal investigators, and mission support staff, the agency said. This is the “most successful federal law enforcement agency recruitment campaign in American history,” the agency said.

DHS launched the ICE “Defend the Homeland” recruitment drive on July 29. The recruitment effort is backed by funding from the One Big Beautiful Bill Act (OBBB), signed into law by President Donald Trump in July, which allocates $170 billion to border security and immigration enforcement initiatives.

OBBB had granted ICE $76.5 billion, of which $30 billion was to be used to hire 10,000 additional staff members.

In a Dec. 18 post on X, ICE said it hit its goal of hiring more than 10,000 personnel in less than a year.

ICE Deputy Director Madison D. Sheahan praised the OBBB for providing the agency with necessary resources to enforce immigration law “as it’s been written and codified by Congress.”

“The president and Secretary Noem set a goal, and we exceeded it, but that doesn’t mean we’re done. We continue to call on American patriots to serve the homeland because we know that there’s still more work to do—and we will not stop until every community in this nation is safe,” Sheahan said, referring to DHS Secretary Kristi Noem.

ICE said it was offering “unparalleled” incentives to recruits, including a signing bonus of up to $50,000, up to $60,000 in student loan repayment, and an attractive benefits package that includes health insurance, paid federal holidays, and a retirement plan.

Meanwhile, Customs and Border Protection (CBP) announced new recruitment and retention incentives on Dec. 18 to attract skilled individuals to key law enforcement positions in the agency.

CBP is offering new border patrol agents up to $60,000 in incentives, with current agents eligible for up to $50,000 in retention incentives, the agency said.

New Air and Marine agents can become eligible for up to $10,000 in signing bonuses once they complete academy training. Both new and current agents are also eligible for retention incentives of up to 25 percent of their salary.

For new CBP officers in the Office of Field Operations who sign up for hard-to-fill and most difficult-to-fill locations, incentives of up to $60,000 are being offered. Experienced supervisors and officers eligible to retire in certain locations also may qualify for up to $60,000 in retention incentives.

“CBP is committed to recruiting and retaining top talent for our critical mission,” CBP Commissioner Rodney Scott said.

“By offering competitive incentives, we are investing in skilled professionals who will help secure America’s borders and advance national security.”

The strong recruitment numbers come despite immigration enforcement officers facing unprecedented violence against them. On Dec. 12, DHS Assistant Secretary for Public Affairs Tricia McLaughlin said that officers were facing an 8,000 percent increase in death threats along with a 1,150 percent increase in assaults.

Federal Immigration Enforcement

Democrats have criticized ICE and CBP for their part in federal immigration enforcement.

This month, a group of Democratic senators introduced the “Accountability for Federal Law Enforcement Act,” which seeks to grant individuals the right to sue law enforcement agencies and officers in civil court for any constitutional or civil violations, according to a Dec. 15 statement from the office of Sen. Alex Padilla (D-Calif.)

This right to sue will be made available to all individuals in the United States “regardless of citizenship,” it said.

“For months, ICE and CBP officers have terrorized communities across the country, deploying violent and excessive tactics against immigrants, U.S. citizens, journalists, and bystanders alike with no accountability,” Padilla said.

“These abuses of individuals’ constitutional rights without consequence shatter public trust and stoke fear among hardworking members of our communities.”

DHS says ICE arrests target illegal immigrants with a history of criminal activities and has recently launched a website to boost transparency regarding the arrests.

DHS operates the website, “Worst of the Worst,” which allows users to search, based on location, for criminal illegal immigrants who have been arrested and removed from communities. On Dec. 18, the agency said it had added another 5,000 criminal illegal immigrants to the growing list of 15,000 profiles on the website.

“This new update represents just a small sample of the total number of arrests we’ve made—70 percent of ICE arrests are of criminal illegal aliens that have been charged or convicted of a crime in the United States,” McLaughlin said.

Tyler Durden Sat, 12/20/2025 - 14:00

Dumber, Sicker, & Poorer

The chart below is a fascinating snapshot of the last 75 years in the demise of the American empire.

As The Burning Platform's Jim Quinn explains in his no-nonsense manner, there are currently 164 million people employed in America. About 34 million of those are employed part-time.

When you understand the working age population is 275 million and your friendly number fudgers at the BLS declare 103 million of them NOT IN THE LABOR FORCE, and hysterically declaring only 7.8 million Americans are unemployed, you understand what a fraudulent economy we have.

The reported 4.6% unemployment rate is complete and utter bullshit. In reality, it is north of 20%.

Welcome to the golden age...

• The percentage of total jobs in the Education and Health Services sector has grown from 4.8% in 1950 to 17.8% today. Wow!! We must be the smartest, healthiest nation on earth. Not quite. With 28 million teachers, doctors, nurses, and mostly administrators (aka overhead), our education system matriculates millions of barely functional idiots into society every year. Meanwhile, as a country, we are sickly, fat, lazy, dependent upon Big Pharma drugs, and spend more on healthcare than any country on earth. To quote the immortal Dean Wormer,  “Fat, drunk, and stupid is no way to go through life, son.”

• Proof we have become a non-productive, debt dependent, government dependent, shadow of our former industrial powerhouse is the decline in the percentage of manufacturing jobs from 30.2% in 1950 to 8.0% today. We borrow and consume, when we used to invest and build. Trump can threaten, tariff the world, and make bullshit announcements about manufacturing jobs coming back, but they are not coming back. Any new manufacturing plants will be operated by robotics.

• Even though the percentage of government employees (aka parasites) has remained relatively steady since 1950, we are stuck with 24 million blood suckers who contribute nothing to the country’s productivity. The average working schmuck has to pay outrageously high taxes to pay the bloated salaries and pensions of these government freeloaders.

• And now some bad news for the formerly well paid workers in the Professional & Business Services sector, which had grown from 6.6% of total jobs in 1950 to 14.1% today. ChatGPT and the avalanche of AI tools are eliminating jobs in these sectors at hyperbolic speed. These are the same assholes who used to tell blue collar workers to “learn to code”. Well, now the plumbers, electricians, and construction workers can recommend they learn to be fry cooks at McDonalds, but too late, robots are taking those jobs.

The relatively stable employment situation over the last few years has been the only thing keeping this ship of fools from sinking.

But, the increase in the fraudulent unemployment rate from 4.0% when Trump took office to 4.6% today shows the ship is taking on water and it won’t be long before millions are drowning under the waves of debt, delusion, and dumb decisions.

Tyler Durden Sat, 12/20/2025 - 13:45

Netanyahu Wants To Attack Iran Again, Will Lobby Trump In Mar-a-Lago Visit

Many analysts agree that the last round of fighting between Israel and Iran last June was not the final conflict the two regional powers will face.

Despite President Trump having declared that the Islamic Republic's nuclear program had been completely obliterated in the US knock-out strikes against three nuclear facilities which came at the end of the 12-day war, Israel suspects the Iranians are still conducting nuclear development activity in secret, and are busy reconstituting and expanding their ballistic missile arsenal.

Israeli Prime Minister Benjamin Netanyahu is due to visit the United States yet again, from December 28 to January 4, and will meet with President Trump at the Mar-a-Lago estate. Netanyahu will reportedly lobby the president to take more military action against Tehran.

via Associated Press

NBC reports Saturday, "Israeli officials have grown increasingly concerned that Iran is expanding production of its ballistic missile program, which was damaged by Israeli military strikes earlier this year, and are preparing to brief President Donald Trump about options for attacking it again, according to a person with direct knowledge of the plans and four former U.S. officials briefed on the plans."

"Israeli officials also are concerned that Iran is reconstituting nuclear enrichment sites the U.S. bombed in June, the sources said," the report continues. "But, they added, the officials view Iran’s efforts to rebuild facilities where they produce the ballistic missiles and to repair its crippled air defense systems as more immediate concerns."

But the timing of potential new Pentagon action against Iran couldn't be worse, given the concentration of American military assets currently in the southern Caribbean at a moment the US is threating regime change actions against Venezuela's President Maduro and cartels in Latin America.

The USS Gerald R. Ford carrier group was even recently moved from the Mediterranean, where it was closer to the Middle East and CENTCOM region, to join operations threatening Venezuela in the Caribbean.

However, the Pentagon has just this week engaged in new 'counter ISIS' strikes in Syria, and so presumably would have enough or limited support assets in the region if it chose to assist with some new Israeli anti-Iran operation.

Still, all of these unprovoked attacks on foreign powers and adventurism abroad could grow increasingly unpopular with the American people, and certainly there's a large chunk of the MAGA base which is dead set against the US entering new wars and conflicts, also at a time the Ukraine proxy war shows no signs of slowing.

The Trump administration is still standing by its assessment that Iran's nuclear capabilities have been destroyed. "The International Atomic Energy Agency and Iranian government corroborated the United States government’s assessment that Operation Midnight Hammer totally obliterated Iran’s nuclear capabilities," White House spokesperson Anna Kelly has said in a statement.

There's widespread acknowledgement that Iran's ballistic missile capability is among the most advanced in the broader region, and that it did real damage against Israel in the June war:

Iran has not just developed one of the most advanced ICBMs in the world
(New video on the Qaem ICBM has just been released on the DDD YT-Channel)

➡️ Israeli sources now claim that Iran was close to mastering what no other country has ever masted:
Purse-Fusion nuclear weapons… https://t.co/qvq1nnLW46 pic.twitter.com/bUrnOIvB0X

— Patarames (@Pataramesh) December 20, 2025

She further warned: "As President Trump has said, if Iran pursued a nuclear weapon, that site would be attacked and would be wiped out before they even got close." So while Trump might be open to mulling new action, the official US stance is that there's no need to at this point.

Tyler Durden Sat, 12/20/2025 - 13:25

After Trump Withholds Endorsement, Stefanik Suddenly Bails On NY Gov Bid And Congress Too

In a surprise move, Republican New York Rep. Elise Stefanik has not only pulled the plug on her recently-launched gubernatorial campaign, but will also refrain from seeking reelection to the US House. The decisions cap a year in which the ardent backer of Donald Trump has been through a hot-and-cold relationship with the mercurial president that's seen him first cancel her nomination to serve as UN ambassador and then fail to endorse her in the governor's race. 

Stefanik's national profile surged when she grilled university presidents over alleged antisemitism on their campuses in December 2023

Stefanik dropped the big news in a lengthy afternoon post on X. Key excerpts:  

"While spending precious time with my family this Christmas season, I have made the decision to suspend my campaign for Governor and will not seek re-election to Congress... While we would have overwhelmingly won this primary, it is not an effective use of our time or your generous resources to spend the first half of next year in an unnecessary and protracted Republican primary, especially in a challenging state like New York... 

While many know me as Congresswoman, my most important title is Mom. I believe that being a parent is life's greatest gift and greatest responsibility... I will feel profound regret if I don't further focus on my young son's safety, growth, and happiness -- particularly at his tender age."  

The 41-year-old Stefanik was first elected to Congress in 2014, after her campaign as a moderate helped her flip her upstate New York seat back into the GOP column -- taking it from a Democrat who'd ruined a Republican winning streak in the district that spanned a century. As Trump's first term unfolded, Stefanik strayed from the moderation of her campaign and increasingly aligned herself with Trump, calling herself "ultra MAGA." 

Though there's no indication of malice on Trump's part, Stefanik suffered a series of embarrassments and setbacks inflicted by the president (Hans Pennink/ AP via Politico)

Stefanik's national profile surged in December 2023 with her heated grilling of the presidents of Harvard, Penn and MIT, who she accused of tolerating antisemitism on their campuses amid protests over Israel's devastation of Gaza following the Oct 7 Hamas invasion of Israel. Critics contended that Stefanik wielded a false definition of "antisemitism," equating common pro-Palestinian slogans -- such as "Palestine will be free from the river to the sea" -- with "calling for the genocide of Jews." Regardless, Stefanik's questioning of the university presidents was enormously impactful: Video of her histrionic performance went viral, and Penn president Liz Magill and Harvard president Claudine Gay both announced their resignations within weeks. 

She was poised to rise to even greater visibility when Trump nominated her to serve as ambassador to the UN in his second term. Stefanik's Zionist credentials made her a perfect fit for that role, which, even more so in a Trump administration, disproportionately centers on advancing the Israeli agenda. However, in March, Trump yanked her nomination over concerns that pulling her from Congress would endanger the GOP's thin House majority. Compounding the gut-punch, by that time, Stefanik had already resigned as chair of the House GOP caucus -- the fourth-ranked Republican slot in the House.  

More indignities awaited. When socialist New York mayor-elect Zohran Mamdani visited the Oval Office in November, a reporter referenced Stefanik's condemnation of Mamdani as a "jihadist" and asked Trump if he agreed. Trump disagreed, praising Mamdani as a "very rational person...a man who really wants to see New York be great again." 

Q: Stefanik has called Mamdani a 'jihadist.' Do you think you're standing next to a jihadist right now?

TRUMP: No, I don't. I met with a man who's a very rational person pic.twitter.com/DrdUFhwNHX

— Aaron Rupar (@atrupar) November 21, 2025

Next came an in-person White House embarrassment. Last month, Stefanik announced her candidacy for governor, in a bid to oust Democratic incumbent Kathy Hochul. Long Island Republican Bruce Blakeman, also a Trump ally, then announced his own candidacy. Last week, with Stefanik standing next to Trump, reporters asked him about the contest. Trump merely said Stefanik has "got a hell of a shot at it...she's got a little competition with a very good Republican, but she's a great Republican, so we'll see what happens." Earlier in the month, when asked if he had a preference, he merely said, "They're both great people." 

A December Siena College poll had Stefanik trailing Hochul by 19 points. Stefanik's favorability rating was a lousy 22% against 33% unfavorable. Her departure from the governor's race comes after she raised more than $12 million for the bid. It's not clear what she'll do with that cash horde. She could refund it to her donors, but under federal law, she has other options, like reallocating money to other candidates or PACs, or keeping it for a possible future run at another office.  

Tyler Durden Sat, 12/20/2025 - 12:15

66 Things Higher-Ed Found Racist In 2025

Authored by Matt Lamb via The College Fix,

Every year, The College Fix likes to remind readers of what higher education declared racist in the past 12 months.

From Taylor Swift, to liking Mozart, our scholars and so-called “experts” never cease to find racism hiding under every rock and in every tree.

The list is grouped as reasonably as possible.

Some things are presumed “racist” if they require an “equity lens.”

For example, Minnesota State Mankato requires that assistant football coaches view their jobs through an “equity lens.”

This implies coaching football suffers from racism and needs a DEIntervention.

The full list of articles can be found here.

Activities:

Coaching football

Concepts:

Capitalism

Colonialism

Merit

Events:

Kamala Harris losing 2024 presidential election

Groups:

Immigration and Customs Enforcement

National Football League

Police

Pro-life Christians

Turning Point USA

University of Oklahoma Sigma Alpha Epsilon fraternity members

“White churches”

Medicine:

Dark green acne masks

Healthcare in general

Pediatric cancer care

Pregnancy care (sometimes)

White doctors

People:

American pioneers

Charlie Kirk

Conservatives

Elon Musk

Indiana Governor Mike Braun

Israeli actress Noa Tisby

John Winthrop

President Donald Trump

Rush Limbaugh

Stonewall Jackson

Voters who didn’t support Kamala Harris (majority of the country)

White men

White people in general

White students

White women

Places

The British countryside

Schools

University of Chicago

University of South Carolina dance school

Hofstra University 

Policies:

Arresting illegal immigrants

Asking black students to write positively about themselves

Asking students for update on work

Bonuses for having babies

Depicting Jesus as white

Keeping men out of women’s prisons

Localization

Not funding a tiny black college with a subpar graduation rate

Opposing DEI

Portraying a black mom using marijuana

Prohibitions on abortion

Trump creating a lot of news stories

Subjects:

Art

Chemistry

Culinary arts

English/grammar

Marine Science

Math

Social Work

Literature

Things:

James Bond novel “Dr. No.”

Mars rover

Michelin restaurant guide

Monuments to American pioneers

Tesla Cybertruck

Words and phrases:

‘Carrot top’ (when directed at a Latino)

‘Carrot cake’ (when directed at a Latino)

‘Field’

‘Mob rule’

Tyler Durden Sat, 12/20/2025 - 11:40

The post Obamacare Lowered Healthcare Cost Growth #34,706 appeared first on CEPR.

Leading Scottish Teaching Union Defines Gender Critical Views As "Far Right"

Authored by Annemarie Ward via DailySceptic.org,

There are moments in public life when you read something and genuinely wonder if someone is having you on. 

The briefing on the supposed rise of far Right activity by the Educational Institute of Scotland (EIS), the leading teachers’ union in Scotland, is one of those moments. 

Scotland’s far Right is so tiny it could hold its AGM in the disabled toilet at Wetherspoons and still have room left for a flipchart. Yet here is the country’s largest and most influential union producing a 16-page political field manual that treats this microscopic fringe as if it is marching on Holyrood with flaming torches and matching armbands.

None of this resembles safeguarding. It is not professionalism. It is certainly not education. It is politics in fancy dress, and it insults the intelligence of teachers, parents and pupils alike.

The briefing begins with what looks like a perfectly sensible academic definition of the far Right. That lasts for all of two minutes.

Then the definition begins to stretch and swell until it covers almost anything that does not suit the worldview of whomever wrote the document. Real extremists do exist, and nobody sensible denies that. Every society has a small fringe of people who are vulnerable to rigid identities and destructive beliefs, usually because they are looking for certainty in a chaotic world.

But the EIS manages to take this small and unpleasant fringe and stretch it to breaking point.

Suddenly people who are pro-business, parents who worry about asylum hotels, anyone concerned about collapsing public services, women raising safeguarding issues, and every adult in the country who thinks biological sex corresponds to reality are all apparently drifting towards radicalisation.

And just to round things off, every Reform UK voter is thrown into the same pot.

By this logic, if you have ever eaten a Sunday roast or nodded politely to a small business owner, you may soon end up on a watch list.

The serious point here is that when everything is described as far Right, nothing is. Real extremism – the sort that harms communities – becomes blurred and unrecognisable when the definition has been inflated like a bouncy castle in a gale. And while all this stretching and redefining is going on, certain issues are conspicuously absent. There is no mention of the Iranian bot activity that the security services have warned about, which has been actively stoking constitutional division in Scotland. Apparently that does not merit 16 pages of alarm. No, the real danger, as framed by the EIS, is not organised extremism but the parent who simply asked whether a Gender Unicorn worksheet belonged in the classroom. This is not safeguarding. It is political hygiene dressed up as moral duty.

Meanwhile, teachers across Scotland are dealing with some of the most challenging conditions we have seen in decades. Violence in classrooms has become routine. Literacy is collapsing in large parts of the country. Additional support provision is drowning under impossible caseloads. Staffing is stretched to its limits. Burnout is everywhere. Yet the leadership of the EIS has decided the top priority is to turn a handful of Facebook loudmouths into an existential Reichstag fire.

It mirrors what David Chalmers highlighted in England only last month. University of Leicester students were shown lecture slides comparing Margaret Thatcher to Putin and Hitler. When higher education starts behaving like that, you know something has gone badly wrong. Several English schools have reportedly taught pupils that Reform UK sits on the same political spectrum as the BNP, despite having as much in common as a wet teabag and a nuclear reactor. Clarity and proportion always seem to be the first casualties of a good moral panic.

The real danger in all this is not the far Right. It is the collapse of democratic norms. Real extremists exist, but they are not the looming threat the EIS pretends they are. What should concern anyone serious about civic life is the way our democratic foundations are being eroded from above while everyone is busy scanning playgrounds for imaginary fascists. In recent years, trial by jury has been quietly pared back. Elections have been cancelled for millions of voters. 

Ordinary citizens have been arrested for social media posts that would not have raised an eyebrow a decade ago. Executive power has expanded to the point where abnormality now passes for routine. None of this is the work of shadowy extremists lurking on encrypted messaging channels. These decisions are being taken in broad daylight by governments who congratulate themselves on defending democracy while chipping away at its pillars.

Yet the EIS can spot authoritarianism in a parent’s Facebook comment but somehow miss the steady centralisation of state power. It is the political equivalent of opening the broom cupboard to check for ghosts while the roof quietly collapses from above. If we are genuinely serious about resisting authoritarian drift, we need to look at where authority is actually expanding, not where it is easiest to manufacture a scare.

If the EIS wants to teach pupils something useful about authoritarianism, it might start by explaining how such systems work in real life. They come from above, not below. They justify themselves through the language of safety rather than through overt threats. They arrive quietly through admin, layers of bureaucracy, policy and guidance rather than boots marching. Authoritarian drift does not look like online caricatures of flag-waving oddballs. It looks like officials wearing a badge promising one more policy for your own good. Danger seldom arrives banging on the door. It appears quietly, disguised as reassurance.

Scotland has made itself particularly vulnerable to this sort of drift because we have no statutory safeguards on political impartiality in education. In England, teachers operate under clear legal duties and detailed professional guidance. There is oversight. There is accountability. Parents have recourse. Scotland has none of that. Scots rely on vague non-binding guidance interpreted wildly differently from one local authority to the next. Into that vacuum walks the EIS, presenting an ideological blueprint as though it were a professional handbook.

Imagine the reaction if the biggest teaching union in England published a manual branding Reform UK voters as extremists, casting gender critical women as reactionaries and placing small business owners somewhere on the spectrum of political radicalism. 

The Department for Education would have called a press conference before breakfast. Yet in Scotland, the EIS has gone further still. In its own words, this briefing “could be a collective CPD offer for members”, as though a partisan political narrative were simply another piece of professional learning. When professional development is treated this casually, the line between education and indoctrination is not blurred, it is being erased.

The combination of moral panic and a complete absence of structural safeguards is not a small administrative quirk. It is precisely how politicisation slides into classrooms unnoticed while the public is preoccupied with other things.

At its heart, this is a story of mission drift. Trade unions exist to defend their members’ material interests. Bread and butter solidarity. Pay. Safety. Conditions. Professional dignity. The EIS seems to have wandered so far from that mission it can no longer see it. It now treats safeguarding questions as misogyny, political disagreement as radicalisation, parental concern as the first step towards fascism, and mainstream views as contamination. 

This is not professional support. When an organisation forgets why it exists, it stops helping and starts preaching. There is a simple moral truth at the centre of this. Political neutrality in education does not exist to spare the feelings of politicians. Most of them struggle to protect their own feelings on the best of days. Neutrality exists to protect the public. It protects the right to disagree. It protects children from having their moral world narrowed by ideology masquerading as virtue. 

Once a union decides that whole sections of the electorate are too dangerous to debate, it stops being a guardian of education and becomes something much darker. In addiction recovery I teach that no one is beyond redemption and that a person should not be defined by his or her worst day or worst idea. The EIS is running the opposite programme, treating ordinary people as pathologies rather than neighbours.

Teachers deserve better than this. Pupils deserve better. A school system rooted in the common good cannot survive when its leading union treats ordinary people as if they are beyond dialogue. The EIS claims to be fighting extremism, yet extremism always begins with the belief that some voices are unworthy of being heard. That is the seed of every authoritarian impulse.

Anyone who has watched a life unravel knows how that impulse grows. Harm does not begin with dramatic gestures. It begins with denial, the quiet conviction that the problem is always someone else. That is exactly where the EIS has positioned itself. If it truly wants to protect Scotland’s young people, it will need to rediscover humility, remember its purpose and step out of denial. Because authority without humility does not safeguard a community; it wounds it.

Tyler Durden Sat, 12/20/2025 - 10:30

Leading Scottish Teaching Union Defines Gender Critical Views As "Far Right"

Authored by Annemarie Ward via DailySceptic.org,

There are moments in public life when you read something and genuinely wonder if someone is having you on. 

The briefing on the supposed rise of far Right activity by the Educational Institute of Scotland (EIS), the leading teachers’ union in Scotland, is one of those moments. 

Scotland’s far Right is so tiny it could hold its AGM in the disabled toilet at Wetherspoons and still have room left for a flipchart. Yet here is the country’s largest and most influential union producing a 16-page political field manual that treats this microscopic fringe as if it is marching on Holyrood with flaming torches and matching armbands.

None of this resembles safeguarding. It is not professionalism. It is certainly not education. It is politics in fancy dress, and it insults the intelligence of teachers, parents and pupils alike.

The briefing begins with what looks like a perfectly sensible academic definition of the far Right. That lasts for all of two minutes.

Then the definition begins to stretch and swell until it covers almost anything that does not suit the worldview of whomever wrote the document. Real extremists do exist, and nobody sensible denies that. Every society has a small fringe of people who are vulnerable to rigid identities and destructive beliefs, usually because they are looking for certainty in a chaotic world.

But the EIS manages to take this small and unpleasant fringe and stretch it to breaking point.

Suddenly people who are pro-business, parents who worry about asylum hotels, anyone concerned about collapsing public services, women raising safeguarding issues, and every adult in the country who thinks biological sex corresponds to reality are all apparently drifting towards radicalisation.

And just to round things off, every Reform UK voter is thrown into the same pot.

By this logic, if you have ever eaten a Sunday roast or nodded politely to a small business owner, you may soon end up on a watch list.

The serious point here is that when everything is described as far Right, nothing is. Real extremism – the sort that harms communities – becomes blurred and unrecognisable when the definition has been inflated like a bouncy castle in a gale. And while all this stretching and redefining is going on, certain issues are conspicuously absent. There is no mention of the Iranian bot activity that the security services have warned about, which has been actively stoking constitutional division in Scotland. Apparently that does not merit 16 pages of alarm. No, the real danger, as framed by the EIS, is not organised extremism but the parent who simply asked whether a Gender Unicorn worksheet belonged in the classroom. This is not safeguarding. It is political hygiene dressed up as moral duty.

Meanwhile, teachers across Scotland are dealing with some of the most challenging conditions we have seen in decades. Violence in classrooms has become routine. Literacy is collapsing in large parts of the country. Additional support provision is drowning under impossible caseloads. Staffing is stretched to its limits. Burnout is everywhere. Yet the leadership of the EIS has decided the top priority is to turn a handful of Facebook loudmouths into an existential Reichstag fire.

It mirrors what David Chalmers highlighted in England only last month. University of Leicester students were shown lecture slides comparing Margaret Thatcher to Putin and Hitler. When higher education starts behaving like that, you know something has gone badly wrong. Several English schools have reportedly taught pupils that Reform UK sits on the same political spectrum as the BNP, despite having as much in common as a wet teabag and a nuclear reactor. Clarity and proportion always seem to be the first casualties of a good moral panic.

The real danger in all this is not the far Right. It is the collapse of democratic norms. Real extremists exist, but they are not the looming threat the EIS pretends they are. What should concern anyone serious about civic life is the way our democratic foundations are being eroded from above while everyone is busy scanning playgrounds for imaginary fascists. In recent years, trial by jury has been quietly pared back. Elections have been cancelled for millions of voters. 

Ordinary citizens have been arrested for social media posts that would not have raised an eyebrow a decade ago. Executive power has expanded to the point where abnormality now passes for routine. None of this is the work of shadowy extremists lurking on encrypted messaging channels. These decisions are being taken in broad daylight by governments who congratulate themselves on defending democracy while chipping away at its pillars.

Yet the EIS can spot authoritarianism in a parent’s Facebook comment but somehow miss the steady centralisation of state power. It is the political equivalent of opening the broom cupboard to check for ghosts while the roof quietly collapses from above. If we are genuinely serious about resisting authoritarian drift, we need to look at where authority is actually expanding, not where it is easiest to manufacture a scare.

If the EIS wants to teach pupils something useful about authoritarianism, it might start by explaining how such systems work in real life. They come from above, not below. They justify themselves through the language of safety rather than through overt threats. They arrive quietly through admin, layers of bureaucracy, policy and guidance rather than boots marching. Authoritarian drift does not look like online caricatures of flag-waving oddballs. It looks like officials wearing a badge promising one more policy for your own good. Danger seldom arrives banging on the door. It appears quietly, disguised as reassurance.

Scotland has made itself particularly vulnerable to this sort of drift because we have no statutory safeguards on political impartiality in education. In England, teachers operate under clear legal duties and detailed professional guidance. There is oversight. There is accountability. Parents have recourse. Scotland has none of that. Scots rely on vague non-binding guidance interpreted wildly differently from one local authority to the next. Into that vacuum walks the EIS, presenting an ideological blueprint as though it were a professional handbook.

Imagine the reaction if the biggest teaching union in England published a manual branding Reform UK voters as extremists, casting gender critical women as reactionaries and placing small business owners somewhere on the spectrum of political radicalism. 

The Department for Education would have called a press conference before breakfast. Yet in Scotland, the EIS has gone further still. In its own words, this briefing “could be a collective CPD offer for members”, as though a partisan political narrative were simply another piece of professional learning. When professional development is treated this casually, the line between education and indoctrination is not blurred, it is being erased.

The combination of moral panic and a complete absence of structural safeguards is not a small administrative quirk. It is precisely how politicisation slides into classrooms unnoticed while the public is preoccupied with other things.

At its heart, this is a story of mission drift. Trade unions exist to defend their members’ material interests. Bread and butter solidarity. Pay. Safety. Conditions. Professional dignity. The EIS seems to have wandered so far from that mission it can no longer see it. It now treats safeguarding questions as misogyny, political disagreement as radicalisation, parental concern as the first step towards fascism, and mainstream views as contamination. 

This is not professional support. When an organisation forgets why it exists, it stops helping and starts preaching. There is a simple moral truth at the centre of this. Political neutrality in education does not exist to spare the feelings of politicians. Most of them struggle to protect their own feelings on the best of days. Neutrality exists to protect the public. It protects the right to disagree. It protects children from having their moral world narrowed by ideology masquerading as virtue. 

Once a union decides that whole sections of the electorate are too dangerous to debate, it stops being a guardian of education and becomes something much darker. In addiction recovery I teach that no one is beyond redemption and that a person should not be defined by his or her worst day or worst idea. The EIS is running the opposite programme, treating ordinary people as pathologies rather than neighbours.

Teachers deserve better than this. Pupils deserve better. A school system rooted in the common good cannot survive when its leading union treats ordinary people as if they are beyond dialogue. The EIS claims to be fighting extremism, yet extremism always begins with the belief that some voices are unworthy of being heard. That is the seed of every authoritarian impulse.

Anyone who has watched a life unravel knows how that impulse grows. Harm does not begin with dramatic gestures. It begins with denial, the quiet conviction that the problem is always someone else. That is exactly where the EIS has positioned itself. If it truly wants to protect Scotland’s young people, it will need to rediscover humility, remember its purpose and step out of denial. Because authority without humility does not safeguard a community; it wounds it.

Tyler Durden Sat, 12/20/2025 - 10:30

High-Winds Derail Freight Train In Wyoming

Strong winds swept across the Western U.S. last week, knocking out power to hundreds of thousands of customers across the Pacific Northwest, and even toppling a double-stacked freight train in Wyoming.

Wyoming-based media outlet Cowboy State Daily reported that a BNSF Railway train carrying dozens of double-stacked freight cars derailed early Friday morning northwest of Cheyenne due to extreme winds exceeding 144 mph.

This entire train was blown over this morning. Northwest of Cheyenne, Wyoming #wywx pic.twitter.com/NHib8Tixub

— brendon (@brendonme) December 19, 2025

Cowboy State Daily meteorologist Don Day said the peak wind gusts in the area of the derailment incident were as much as 78 mph.

"That's a notoriously windy area," Day said. "My grandfather used to work for the Union Pacific Railroad, and I was always spun yarns about what it was like getting through that route, whether it was blizzards or windstorms. It's really nasty."

Retired Union Pacific Railroad employee and former Wyoming legislator Stan Blake told the local outlet that wind speeds recorded between Cheyenne and Laramie could "definitely" derail a train.

"From what I saw, they were intermodal cars, which are overseas shipping containers they double stack," Blake said. "It's like a giant billboard going down the rails."

Last week, widespread warnings for winter weather or high winds were in place for millions across the West and Midwest.

Hurricane-like winds...

A gust of 142 mph was reported in Coldwater Ridge, Washington, as a storm brought powerful winds to the Pacific Northwest, causing power outages across the region. pic.twitter.com/WHn5JtuWiV

— AccuWeather (@accuweather) December 17, 2025

#BREAKING Over half a million are waking up without power in the Pacific Northwest
The showers are pushing down some of the winds aloft, prompting Destructive Severe Thunderstorm Warnings at times pic.twitter.com/zCdXF8FK5Y

— WeatherNation (@WeatherNation) December 17, 2025

Residents of the Pacific Northwest can expect a long-duration atmospheric river to continue.

Long-duration atmospheric river pattern expected to continue across much of the West. https://t.co/UxC7DZQPmE https://t.co/1N4GaHhqwK https://t.co/ZyQxYYjJIo pic.twitter.com/DrVWfRwTfC

— NWS Climate Prediction Center (@NWSCPC) December 19, 2025

The rest of the Lower 48 can expect above-average temperatures through Christmas.

Tyler Durden Sat, 12/20/2025 - 09:55

Champagne Champions

With Christmas and New Year's celebrations just around the corner, many people currently stock up on their favorite drinks.

And what better way to toast on a special occasion than opening a bottle of champagne, one of France's proudest exports.

The United States and the UK are particularly fond of the exclusive sparkling wine from the Champagne region, having imported 27.4 and 22.3 million bottles in 2024, respectively.

As Statista's Felix Richter shows in the chart below, based on data by the trade association Comité Champagne, shows, five of the eight largest international markets for champagne are located in Europe.

You will find more infographics at Statista

This is not to say that other countries don't enjoy sparkling wine, but the numbers given here only refer to the higher-priced, regionally-produced drink from the French region of Champagne.

The area was officially designated in 1927 and is home to winemakers like Veuve Clicquot, Moët & Chandon and Krug.

While champagne makes up less than 10 percent of global sparkling wine consumption, it accounts for 34 percent of the market value, generated with only 0.5 percent of the world's total vineyard area.

Overall, champagne exports from France amounted to roughly $6.8 billion in 2024, with the U.S. alone importing some $820 million worth of the prestigious bubbly.

Tyler Durden Sat, 12/20/2025 - 08:45

EU "Russia Confiscation" Summit Ends In Failure As Brussels Quietly Paves Way For Eurobonds

Submitted By Thomas Kolbe

The EU summit held in Brussels on December 18–19 was supposed to deliver two fundamental decisions. First, it was meant to address the expropriation of frozen Russian assets held at Euroclear. Second, it was expected to ratify the Mercosur trade agreement. In both cases, the EU’s bureaucratic elite around Ursula von der Leyen failed—paralyzed by its own dysfunction and ultimately by a lack of real power.

What had been grandly announced as a “summit of decisions” ended in a fiasco for Brussels. Neither was the Mercosur agreement approved, nor did the EU manage to convert the Russian central bank assets held at Euroclear into a substantial loan to extend Ukraine financing.

Let us first examine the Euroclear affair. That the EU bowed to growing pressure from several member states such as Belgium, Hungary, and Slovakia—as well as from the U.S. government—is telling. Despite all its ambitions, the EU remains a paper tiger in the global power struggle.

A Typical EU Solution

The solution to Ukraine’s massive financing gap looks as follows: the European Union will provide Kyiv with an interest-free loan of €90 billion for the next two years. Repayment will only be required if Russia pays reparations—which it will not. In that case, the EU plans to fall back on frozen Russian assets to cover the deficit.

That immediate expropriation did not occur is largely due to Belgium’s insistence—given that Euroclear is legally domiciled there—on a collective assumption of liability risks. As so often when consequences might arise from its own actions, Brussels opted for a diluted compromise.

Through the back door, this effectively introduces Eurobonds—a joint debt issuance—without explicitly saying so.

German Chancellor Friedrich Merz hailed the construct as a major success. National budgets would not be burdened, he argued, since the financing would be handled entirely at the EU level. Moreover, the loan would be secured by Russian assets. What Merz conveniently omitted is that EU member states ultimately remain liable for Brussels’ maneuvers.

In reality, Brussels achieved one thing above all: the politically and legally explosive issue of expropriating the Russian central bank was postponed. At the same time, the EU once again used the opportunity to cleverly circumvent its own rules—specifically the prohibition of joint debt issuance.

Enormous Financial Needs

Ukraine’s financial requirements are immense. In view of the war of attrition in the Donbas, the European Commission expects roughly €81 billion to be needed next year alone to close Ukraine’s budget gap, which currently stands at 18.5 percent of GDP. The newly approved EU loan will be supplemented by national contributions.

Germany alone will finance €11.5 billion for Ukraine’s military equipment from its federal budget—funded through new debt and charged to the taxpayer, who, needless to say, has no say in the matter.

Within EU budget planning, grants of up to €50 billion are earmarked for next year. According to plans by Commission President Ursula von der Leyen, this amount is to be expanded to €135.7 billion over the following two years. This bottomless pit threatens to plunge economically weakening EU states—with already ballooning deficits—into severe turbulence unless the course is changed swiftly.

Restoring Military Striking Power

So what is the concrete alternative now that the raid on Euroclear’s balance sheet is temporarily blocked? EU and UK officials have repeatedly made clear in recent months that they intend to restore their military capabilities by 2028.

The signal to Russia is unmistakable: this is neither about lasting peace nor a genuine resolution of the conflict. A ceasefire—something Russia learned during the Minsk Agreement episode—would merely serve military consolidation.

When Friedrich Merz claims that Ukraine financing over the next two years serves exclusively to equip the Ukrainian army and not to prolong the war, this statement reveals one thing above all: a deliberate semantic separation of what is politically and militarily inseparable. Anyone who rhetorically decouples arms deliveries from war prolongation is not informing the public—but pacifying it.

Eurobonds or War Bonds

Brussels will now seize the moment to push ahead with a rapid expansion of Eurobonds. During the COVID lockdowns, the European Commission already ventured into this forbidden territory by issuing several hundred billion euros under the “NextGenerationEU” bond program.

The procedure is now being repeated. The Commission will issue bonds officially secured by Russian assets, but for which all member states ultimately bear proportional liability. Put differently: the EU is concealing yet another gigantic debt program, for which taxpayers will be on the hook in the end.

A large portion of this money will flow back into the European and American military-industrial sectors.

We are witnessing a classic EU solution: the existing rulebook is systematically undermined, while the representatives of the so-called “rules-based order” continue their erosion campaign—until even the last residue of trust in the integrity of EU institutions is ground down.

From Ukraine Conflict to Credit Accelerator

Regardless of one’s view of the historical background of the Ukraine conflict—of the 2014 Maidan coup or the years-long Donbas conflict—the principle of neutrality beyond humanitarian aid has been systematically abandoned.

Once it became clear that the Ukraine conflict could be turned into a credit accelerator, state-backed banks such as the European Investment Bank were heavily integrated into the process.

What has long been evident about Brussels hardliners is now plain to see: megalomania combined with personal career ambition. In the cases of Ursula von der Leyen and Friedrich Merz, this toxic mix produces political strategies and outcomes that drag the EU and its member states ever deeper into a spiral of fiscal obligations and looming military escalation.

Mercosur Postponed

The European Union’s historic task was to create and legally safeguard a competitive internal market. This attempt at limited competence transfer has now definitively failed.

On Thursday, the EU summit also failed to ratify the Mercosur agreement with South America. At the insistence of France and Italy, the decision was postponed by one month.

Negotiations have stalled for a quarter century. A finalized draft is on the table, providing for a phased tariff reduction over 15 years and covering Brazil, Argentina, Paraguay, and Uruguay. With 780 million people, a significant integrated market could emerge.

The agreement aims to boost European exports in automobiles and mechanical engineering while reducing tariffs on agricultural imports from South America—blocked primarily by the French farm lobby. Once again, the EU refuses to ease regulatory burdens on domestic farmers in order to balance competing interests.

What Remains?

In sum, the European Union keeps its debt machinery alive for another two years—while remaining incapable of making substantive moves on the international stage. The politics of postponement, and the costs of delayed decision-making, will ultimately be passed on to European taxpayers.

Tyler Durden Sat, 12/20/2025 - 07:00

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.