Individual Economists

Western Europe Wants War In Ukraine To Continue, Even Without The Americans

Zero Hedge -

Western Europe Wants War In Ukraine To Continue, Even Without The Americans

Via Remix News,

A Polish political scientist and journalist, Prof. Adam Wielomski, has taken to social media to claim Western European leaders do not seek a ceasefire in Ukraine at all, while the U.S. and Russia have their terms set and ready to go. 

According to Wielomski, Trump and Putin have already made an agreement and will simply use their Aug. 15 meeting in Alaska to announce it “with great pomp and circumstance.”

Meanwhile, talk of Zelensky being present at the meeting is in no way related to Zelensky having any say on the negotiated terms, he continues, but to show that Zelensky is on board and to have him sign the pre-arranged agreement. 

The issue, however, is that “Zelensky does not want to sign because he is afraid of being held responsible for losing the war.”

And Western Europe stands behind him “because it wants the war to continue despite the withdrawal of the Americans, as this will give it fuel and an excuse to eliminate American control over it in the form of NATO and give it a reason to create either a European Defense Union or to federalize the EU with a common foreign and defense policy.”

Wielomski then asks the “intelligentsia” who will benefit the most, Kyiv or Moscow, from the Americans withdrawing, leaving Zelensky only with the U.K. and the EU to support it. 

News portal Do Rzeczy reported on a document signed over the weekend by European leaders, committing to continued support of Ukraine and financing its ongoing needs. President Macron, Prime Minister Meloni, Chancellor Merz, Prime Minister Tusk, Prime Minister Starmer, President von der Leyen, and President Stubb all signed the statement regarding “peace for Ukraine in connection with the planned meeting between President Trump and President Putin.”

Included in the document was their concern that serious negotiations can only take place under conditions of a ceasefire or a reduction in military operations and that Ukraine’s participation in any talks was critical to any peace being achieved.

Both the White House and the Kremlin accepted President Zelensky’s request to join the talks, although no formal invitation was issued. Meanwhile, a senior member of Putin’s inner circle, Investment Envoy Kirill Dmitriev, has said that many countries are making “titanic efforts” to hinder an agreement between Russia and Trump.

Dmitriev did not name specific countries but indicated that critics of the upcoming talks may attempt to sabotage the summit through diplomatic maneuvers and disinformation via the media.

Read more here...

Tyler Durden Tue, 08/12/2025 - 02:00

VDH: Disinformation & The Dropping Of The Atomic Bombs

Zero Hedge -

VDH: Disinformation & The Dropping Of The Atomic Bombs

Authored by Victor Davis Hanson via American Greatness,

Legitimate disagreement about the wisdom of dropping two bombs on Japan to end World War II in 1945 persists even 80 years later, as reflected in discussions this past week.

But recently, there has often been no real effort even to present the facts, much less to consider the lose-lose choices involved in using such destructive weapons. In an age of revisionist history—when Churchill is deemed a “terrorist,” Germany did not really mean to starve millions of Jews and Ukrainians in summer and fall 1941, the British forced Hitler to continue the war, and World War II was not worth the cost—so too are Hiroshima and Nagasaki judged as either war crimes or colossal and unnecessary follies.

For today’s generation, it seems so easy to declare one’s 21st-century moral superiority over our ancestors. So we damn them as war criminals, given that they supposedly dropped the bombs without legitimate cause or reason.

What follows are some of the most common critiques of President Truman’s decision to use two nuclear weapons against wartime Japan, with an explanation of why his decision to use the bombs proved, at the time and in hindsight, the correct one.

1) Why did the Americans not drop a trial bomb in Tokyo Bay to warn the Japanese to surrender or face the real thing?

That choice was considered at length. The liberal-minded Robert Oppenheimer had headed a commission to determine the most effective way to use the two bombs to end the war as quickly as possible.

A third nuclear weapon may or may not have been available within a few weeks after the bombing, but there were no others beyond those three at hand for at least a few months. So in early August, only two bombs, the uranium-fission bomb “Little Boy” and its plutonium counterpart “Fat Man,” were deliverable. The limited number of bombs affected the decision to use two on real targets.

Note that a third atomic bomb would not be exploded (in a test) for about a year after the war. Moreover, the uranium bomb used on Hiroshima had never been tested; the plutonium one had, but in the New Mexico desert on a tower and not loaded on and dropped from a plane.

As a result, no one knew for certain whether an air-dropped bomb would even work, the optimal detonation height, or the extent of the destruction it would cause. On the eve of the first test of the plutonium bomb on July 16 in the New Mexico desert, even scientists could not agree whether the plutonium blast would set the sky afire or might be not much more powerful than a large conventional bomb—or something in-between.

So given that there was no sure supply of additional bombs and no real knowledge of the effects of the bombs when dropped from the sky, the advisory commission decided that if the bombers crashed or were shot down with the bombs, or if the bombs prematurely blew up, or if either one failed to explode, or if the test proved underwhelming and did not impress the Japanese military government, then a trial bomb could backfire and only reinforce the Tokyo government’s insistence on refusing to surrender.

Others had earlier noted that despite the dropping of millions of leaflets over targeted Japanese cities to warn civilians to flee their cities, given additional scheduled B-29 fire raids, few had heeded the admonishments.

Either the Japanese people believed that their industries dispersed within civilian neighborhoods were so integral to the survival of Japan that they could not be abandoned, or they did not think the Americans would continue with the raids, or they assumed that their own government would use lethal force to prevent massive flights, or their sense of patriotism and confidence in ultimate victory prevented any mass withdrawals from soon-to-be-targeted cities.

As a result, the commission concluded that only a surprise attack without warning on a military/industrial/urban target would be the best way to maximize the bomb’s ability to shock the Japanese government into surrendering.

Note that even after the second bomb dropped on Nagasaki, there was an attempted coup by senior Japanese military officers aimed at preventing peace discussions. And there were many in the Japanese hierarchy, even after the second bomb, who believed the atomic bombs were too expensive, or too few, or too untested to be used in any further number. Instead, the dead-enders believed that an Okinawa-like resistance on a nationwide scale could still kill so many Allied soldiers that London and Washington would call off the effort to invade and occupy their nation.

2) But why did the Americans need to drop any bombs?

Since March 1945, the B-29s had destroyed perhaps somewhere over 75 percent of the industrial capacity and the urban cores of the majority of the Japanese cities. Yet the military government had shown no sign of surrendering. American submarines and B-29 mining of the harbors had already eliminated almost all maritime traffic in and out of Japanese ports. And still the Japanese resisted.

The months-long firebombing of Japan had cost well over 400 of the massive B-29 bombers (each plane with a crew of 11 and costing $1 million). The recent bloodbath at Okinawa was the deadliest American battle of the entire Pacific War. The fighting was not declared over until just six weeks before Hiroshima, and even then, there still remained pockets of stiff Japanese resistance.

Okinawa had cost over 50,000 American casualties, including 12,000 dead. Over 750 planes were lost and some 380 ships damaged—mostly by attacks by 850 kamikazes. The last twelve months before Hiroshima had killed more Americans than during any other year of the war.

In hindsight, we may think the atomic bombs were superfluous or gratuitous. But the generation that fought the war was despairing that the fighting had become bloodier and more horrific the longer it went on, the closer the allies got to Japan, and the harder it became to impose an unconditional surrender. After Okinawa, they saw no end to the killing in sight, but only more, and far greater, Okinawas on the horizon.

By calculating the number of Japanese troops who fought at Okinawa and the resulting American losses (and also computing the earlier bloody conquest of the Philippines as well), the American military correctly judged that it likely would lose well over one million casualties in the two-pronged invasions of Japan planned for 1945–1946.

Japan could have fielded at least 3.5 million troops and between 5,000and 6,000 kamikazes—one-way fighter-bomber planes analogous to human-guided cruise missiles, far more accurate and deadly than German V-1 buzz bombs.

In sum, the Allies believed that neither the devastating firebombing nor the catastrophic Japanese defeats in the Philippines, Iwo Jima, and Okinawa had broken the will of the Japanese military government. Thus, Truman was desperately seeking some new solution to avoid invasions that would have likely killed millions on both sides. By earlier agreements, the Americans first had to gain the permission of the British to use the atomic bomb, which was not hard, given the savagery that the British had also experienced from the Japanese at Singapore and in Malaysia and Burma.

The two bombs together killed roughly 100,000 to 150,000 people in the first few days after the blast, with thousands more dying later from the aftereffects.

Yet there was never an American eagerness to use its exclusive control of bombs and heavy bombers.

For the next four years, the Americans enjoyed a complete monopoly on atomic bombs from August 1945 to August 1949, when the Russians, through espionage, were finally able to conduct a successful atomic bomb test. Yet, in the period of escalating Soviet-American tensions, which saw ongoing communist revolutions in China, Asia, and Africa, the U.S. did not use its one-sided advantage.

During the Korean War, the U.S. had an arsenal of over 300 atomic bombs with a huge bomber force, versus just a few newly acquired bombs on the Soviet side. Yet Presidents Truman and Eisenhower stifled talk of using nuclear threats to pressure the Russians and Chinese to stop fueling North Korean aggression.

3) Weren’t the two bombing missions fairly easy?

Hardly.

The two bombs had to be transported 6,000 miles to Tinian by sea from the West Coast. The heavy cruiser Indianapolis sped from San Francisco and later Hawaii, unaccompanied through enemy waters, to deliver the components for Little Boy—only to be sunk along with the majority of its crew by a Japanese submarine, just two days after it departed the island.

There was real fear that air crashes might set off the bombs. Safety devices (especially on the more volatile uranium bomb) to keep the bombs inert until minutes before dropping were last-minute improvisations.

The bombing runs from the B-29 bases on the Marianas to Japan were some 3,000 miles round trip. Crashes, navigational errors, turbulent weather, and losses to Japanese flak and fighters were common dangers.

The second atomic bombing mission to Nagasaki nearly ended in disaster. The B-29 (Bockscar) carrying the plutonium bomb took off despite a fuel tank blockage. On arrival, it could not see the aiming point over the primary target of the city of Kokura. The mission’s bombers consequently circled for too long over Kokura, and only belatedly were diverted to the secondary target at Nagasaki.

But it too was likewise obscured with clouds. Finally, Bockscar dropped the bomb 1.5 miles off target. As a result of the delays, mishaps, and mechanical trouble, it could not make it back to its Tinian base or even to the halfway emergency base on Iwo Jima. Instead, Bock’s Car diverted to the newly acquired Okinawa runways—only to run out of gas as it landed.

4. Why did we target the Japanese and not the Germans?

The atomic bomb was designed to be used against Germany, which the Allies initially feared might beat them to nuclear acquisition (although the Japanese were also racing to get a bomb).

The mostly experimental and costly B-29 heavy bomber (the only American plane found to be capable of efficiently carrying a 10,000-pound atomic bomb) was likewise designed to be used against Germany. The two programs together cost well over $4 billion. But the accelerated pace of the European war in 1945 and the delays in the Manhattan Project resulted in the European war concluding before any bomb was ready.

5. Did the bombs just cause more wars and killing—or save lives?

The bombs, as horrible as they were, saved millions of lives in a variety of macabre but often underappreciated ways.

First, no major power in World War II killed more civilians and soldiers at less human cost to itself than the Japanese military. For almost a decade, Japanese troops had killed between 16–20 million Chinese, the vast majority of them civilians. They likely killed another 3–4 million British, Americans, British Commonwealth troops, Pacific Islanders, and non-Chinese Asians.

The Japanese military routinely executed prisoners, used captives for grotesque medical experiments, and starved and gratuitously slaughtered enemy civilians. On average, Japan likely killed over 10,000 of its enemies each day of the war. Any means possible to stop that ruthless killing machine was seen as justified by late 1945.

Second, with the conquest of Okinawa (just 800 miles from Tokyo, rather than the 1,500-mile distance from the bases in the Marianas), General Curtis LeMay, in a few months, envisioned a huge second B-29 base. Okinawa would allow far easier and far more firebombing missions per week, especially given orders for an envisioned 3-4,000 more new B-29s.

More terrifying still, with the end of the European war on May 9, 1945, there were additional plans to transfer some of the 2,000 idle B-17s and B-24s to Okinawa from the European theater.

The British were also considering adding some of their now idle 400-500 heavy Lancaster bombers to the Pacific (“Operation Tiger Force”).

In theory, LeMay and his British counterparts eventually might have been able to unleash well over 6,000 four-engine bombers against Japan. They could have easily doubled or tripled the number of the 200-300,000 Japanese civilians and soldiers already killed by the fire raids.

As a result, after the war, General LeMay insisted that he could have inflicted such conventional destruction on Japan as to have avoided both an invasion and the dropping of the two atomic bombs by either forcing a Japanese surrender or utterly destroying the Japanese ability to resist by burning the entire nation to the ground.

So the two bombs 1) stopped the massive daily Japanese killing of mostly civilians in the Pacific, Asian, and Chinese theaters; 2) ended the fire raids that had proven more deadly than Hiroshima and Nagasaki; 3) prevented a nightmarish invasion of Japan; and 4) in terrible irony, prompted an emerging doctrine of nuclear deterrence, which, as a result, may help explain why the world has neither seen another global war nor another use of nuclear weapons since 1945

Dropping the atomic bombs may have been a terrible decision, but the alternatives were even worse.

Tyler Durden Mon, 08/11/2025 - 23:50

CIA Leakers Weaponize 'Sources And Methods'-Talking Points To Target DNI Tulsi Gabbard

Zero Hedge -

CIA Leakers Weaponize 'Sources And Methods'-Talking Points To Target DNI Tulsi Gabbard

Authored by 'sundance' via TheConservativeTreehouse.com,

Insiders within the Intelligence Community (IC), and specifically ongoing operators within the CIA, are targeting Director of National Intelligence, Tulsi Gabbard...

The least understood issue right now, is how isolated and alone Tulsi Gabbard is on her mission to bring sunlight to the Intelligence Community weaponization and corruption.

…”There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things”…

The IC uses various media leaks and narrative engineers as the tools against their enemy; in this case DNI Tulsi Gabbard.

The most common arrow in their manipulative quiver is the term “sources and methods.” 

The Washington Post notes how the Intelligence Community is upset about DNI Tulsi Gabbard compromising their ‘sources and methods’ by releasing the House Intelligence Report that deconstructed the Russiagate Intelligence Community Assessment.

What has them so upset is Tulsi’s release of the House Intel report. This is the report that drove the FBI to raid Mar-a-Lago in an effort to retrieve it from Trump. This is the report that outlines how the CIA fabricated the Russiagate claims. Tulsi is being targeted for releasing this specific report. That tells you how important it is to the CIA.

WASHINGTON DC – […] The document that Gabbard ordered released on July 23 is a 46-page report stemming from a review begun in 2017 by majority Republicans on the House Intelligence Committee. It takes issue with U.S. intelligence agencies’ finding earlier that year that Russian President Vladimir Putin developed a preference for Trump over Democrat Hillary Clinton and aspired to help him win the election.

[…] The House report is the most sensitive document the Trump administration has yet released, and details of how its publication occurred have not been previously reported.

[…] The document contains multiple references to CIA human sources reporting on Putin’s plans. Such sources are among the agency’s most closely guarded secrets. After the report was completed in 2020, it was considered so sensitive that it remained in storage at the CIA rather than on Capitol Hill.

[…] as the Trump administration prepared to release the report publicly, there were multiple versions of it circulating, some with more redactions to protect sensitive information, current and former U.S. officials said. Gabbard, who has led the administration’s effort to relitigate the 2016 campaign, pushed to release as much as possible, they said.

“CIA put forward their proposed redactions and edits to the document,” said a person familiar with the process. Gabbard “has greater declassification authority than all other intelligence elements and is not required to get their approval prior to release.”

Trump then approved the publication of the version from Gabbard’s office “with minimal redactions and no edits,” this person said.

[…] It is unclear exactly how Trump gave his approval, or if he examined the competing versions of the House report beforehand. The White House did not respond to a request for comment. (READ MORE)

The HPSCI Report is Here ~

The HPSCI report release is what is driving the CIA bananas.

Despite efforts by Donald Trump to declassify the HPSCI report before leaving office, the CIA never released it.  No one except the internal Intelligence Community (CIA/DNI) had seen the HPSCI report until Tulsi Gabbard released it on July 22nd.  This is a key point, because the HPSCI report touches on all of the other declassified evidence recently released.

The authors of the HPSCI report had reviewed all of the same information John Durham reviewed.  The HPSCI report walks through the entire construct of the Intelligence Community Assessment ordered by President Obama on December 6, 2016.

Arguably, because of the underlying evidence reviewed to produce it, the HPSCI report is the most critical of the declassified release in the last few months. The HPSCI report walks through the timeline, as the ICA was created between early to late December 2016.

Do NOT forget. Tulsi Gabbard is essentially all alone on this mission of sunlight.

Tulsi’s isolation is the one issue people do not quite seem to understand.

Pam Bondi (AG) isn’t with her. Director Kash Patel (FBI) and Director John Ratcliffe (CIA) are not with her. Susie Wiles (CoS) is not with her. In all of these efforts DNI Tulsi Gabbard is all alone.

The Israel-First media and activist group is also aligned against her.

If you doubt that’s the scenario, show me a single voice from inside the administration who stood up to (even gently) defend her when Tulsi was attacked about her position on the Iran nuclear capabilities.

Tulsi is all alone.  She is all alone on this mission and even physically all alone when on task within the administration. Watch for it and you can clearly see it.  Once you see it, you cannot unsee it.

This is not about President Trump per se’. The Office of the President is not a significant participant at the moment, and those who control power within the Oval Office keep Tulsi isolated and away from the President.  However, if DNI Tulsi Gabbard turns against Palantir, she will be removed. Full stop.

We saw those Palantir boundary rails surface when DNI Gabbard was not fully behind the bombing of Iran.

People argue against the power of the ODNI, saying the office is a functionary only.  These are historically old arguments by people who do not fully understand the nature of the silo system.

Yes, this is the typical viewpoint; however, readers on these pages will note that I have said repeatedly for years now, the DNI position can be used for powerfully good purposes.

The DNI can look at anything in Washington DC.  Anything, inside any silo.

As noted by the angered WaPo, “Gabbard has greater declassification authority than all other intelligence elements and is not required to get their approval prior to release.” 

The DNI can look at anything in any silo and put sunlight upon it.  Yet, people claim the DNI has no power.  lol

The ability to bring sunlight is power.

Go Tulsi!

Tyler Durden Mon, 08/11/2025 - 22:35

Trump To Nominate Long-Time Labor Statistics Critic As Head Of BLS

Zero Hedge -

Trump To Nominate Long-Time Labor Statistics Critic As Head Of BLS

Just over a week after Trump's shocking termination of BLS head, Erika McEntarfer (a 2023 Biden appointee), following a weak jobs report which saw the biggest negative revision outside of covid and prompted Trump to allege that the agency’s economic data was “rigged", the president announced on Monday that he plans to nominate E.J. Antoni, the chief economist at the Heritage Foundation, to lead the Bureau of Labor Statistics. The position requires Senate confirmation.

Antoni, a longtime critic of the agency’s handling of jobs data and fervent booster of ZeroHedge and our data on X, had the support of conservatives like former White House chief strategist Steve Bannon.

“Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,” Trump posted Monday to Truth Social. “I know E.J. Antoni will do an incredible job in this new role.”

Antoni’s nomination is the latest indication that the president wants to see a major makeover to the agency. 

As a quick look at @RealEJAnthony X account shows, he has been almost as critical of BLS data manipulation as ZeroHedge, which is why we shudder to think what the next jobs report will look like if the new BLS commissioner decides to kitchen sink all the accumulated BS. One thing is for certain: a negative 10 million jobs report will certainly accelerate Fed rate cuts, and send both gold and crypto to the moon, more or less literally.  

While the BLS is an independent agency under the Labor Department which is responsible for measuring and analyzing data on jobs, wages, and the economy, including the monthly jobs report, and helps paint a picture of America’s overall economic health, its data has come in under stark attack in recent years due to massive (mostly downward) revisions in recent years, most notably the near record 818K negative revision in August of 2024, which prompted the September 50bps rate cut by the Fed, viewed by many as a political (if ultimately futile) intervention by the central bank to boost Kamala Harris' chances of election. 

The BLS came under fire after Trump and some of his allies accused it of politicizing revisions to recent jobs reports. 

And while everyone knows that the BLS is in charge of the jobs numbers, fewer are aware that the BLS also cooks the inflation books, so to speak, and is the agency responsible for the CPI report... such as the one that drops at 8:30am tomorrow and will shape monetary policy well into 2026. Finally, if Trump indeed intends to politicize the BLS, expect an epic miss in tomorrow's CPI report. 

Tyler Durden Mon, 08/11/2025 - 22:10

Know-Your-Customer: Crypto's Quiet Kill-Switch

Zero Hedge -

Know-Your-Customer: Crypto's Quiet Kill-Switch

Authored by 'Ghost Ghost' via BitcoinMagazine.com,

The know-your-customer (KYC) threat isn’t coming. It’s already here, and it didn’t arrive through a nationwide ban or an emergency executive order. It quietly showed up with a checkbox and a Terms of Service agreement.

While the influencers make noise about CBDCs and paper bitcoin, the real control system has already been deployed: Know Your Customer.

Not dramatic. Not dystopian. Just regulated, normalized and accepted.

But compliance isn’t neutral. It’s the infrastructure of financial control, and if you’re still handing over your ID to stack sats, you’re not buying freedom. You’re financing your own cage.

The Real Attack Vector from KYC

KYC regulations are marketed as a hedge against money laundering and fraud. The framing is safety. The reality is traceability.

The moment you attach your identity to Bitcoin through an exchange signup — a utility bill attached, a passport uploaded — you forfeit the very autonomy that Bitcoin was designed to preserve. It’s not about what you’re doing. It’s about who you are.

Once that link is made, every transaction becomes searchable, timestamped and admissible. This isn’t a theory. It’s how the system is already working.

Canada froze bank accounts based on political donations. The U.K. arrests protestors using facial recognition. The U.S. executes geofence warrants without individual suspicion.

Add KYC to that apparatus, and you’ve built a turnkey surveillance machine. No subpoenas. No charges. Just silent blacklists and frozen withdrawals.

Didn’t you find it odd that they arrested the developers of mixers like Whirlpool and Tornado Cash, instead of the criminals that used them?

KYC is Centralization by Design

Governments didn’t need to outlaw Bitcoin; they just needed to know who’s using it.

The combination of centralized exchanges, KYC records and behavioral analytics turns every bitcoin purchase into a breadcrumb trail. Every withdrawal from Coinbase or Kraken becomes part of a profile logged, indexed, stored.

When regulators talk about “compliance,” this is what they mean: usable data pipelines. Sanitized, labeled UTXOs. A fully mapped ecosystem of wallets tied to real names and IP addresses.

What they’re building isn’t about stopping crime. It’s about preemptively labeling dissent.

You Are the Honeypot

The most dangerous part of KYC is that it doesn’t look dangerous. There’s no siren, no red alert. Just a few forms, a phone verification — maybe a bonus if you sign up today.

But each form you complete feeds the machine. Not just for you, but for everyone you interact with.

KYC isn’t just surveillance. It’s contagious.

A single identity-linked wallet poisons the privacy of every address it touches. Chain analysis firms don’t need to know everyone, they just need to know someone. Once that anchor point is set, mapping becomes mathematics.

You’re not stacking sats. You’re stacking evidence.

Exit Is a Deadline

This is the accumulation phase. The calm before the enforcement.

We’re in the same pre-crackdown posture we saw before the war on cash. The pattern is familiar:

  1. Normalize surveillance

  2. Demonize privacy

  3. Criminalize autonomy

The result? Most users walked themselves into a trap. Not under threat, but under convenience.

The “just in case” crowd, the ones who signed up, KYC’d and hoped it wouldn’t matter, are already compromised. Not because they did something wrong, but because they let someone else decide what’s wrong.

And once that line moves? They’re already inside it.

“But they can’t stop me from moving my bitcoin and transacting P2P.” No one wants blacklisted coins: They’ll be radioactive and useless. 

What Real Privacy Requires

There’s no affiliate link for real privacy. No app store solution. No 10% discount for using your ID.

It looks like discipline. Friction. Small decisions that don’t scale.

  • Buying peer-to-peer instead of custodial

  • Mining to clean wallets

  • Using tools that don’t log your metadata

  • Walking away from platforms that promise speed in exchange for obedience.

It’s not glamorous. But it’s the difference between ownership and permission.

Final Thought

Bitcoin was never supposed to be polite. It was a way out. But as we normalize compliance in exchange for access, we risk turning that exit ramp into a regulated channel.

KYC is not a bureaucratic detail. It’s the quiet kill switch for sovereignty.

It doesn’t matter how many sats you stack if every one of them is logged, tagged and ready for blacklist. 

So ask yourself:

What does it mean to own something?

If the answer starts with a government ID, you’re already losing.

No name. No compromise. No delay.

Build the exit while you still can.

Tyler Durden Mon, 08/11/2025 - 21:45

P'Nut The Squirrel's Owners Sue New York For $10M After Raid, Decapitation

Zero Hedge -

P'Nut The Squirrel's Owners Sue New York For $10M After Raid, Decapitation

The owners P'Nut - a beloved squirrel that was seized and euthanized by the state of New York are suing for $10 million in damages over the death of their pets, according to a lawsuit filed Thursday in New York Court of Claims.

The New York State Department of Environmental Conservation staged a five-hour raid on the home of Mark Luongo after an anonymous complaint was lodged against the P'nuts Freedom Farm, where internet sensation Peanut the squirrel was taken into custody along with his sidekick, Fred the raccoon - before the state euthanized both animals 'in order to test for rabies.'

DEC officials claimed that P'Nut but an agent through thick leather gloves during the raid, necessitating both the squirrel and raccoon be decapitated and tested for rabies. The state later admitted that both tests were negative, and have never apologized nor returned the bodies of the pets. 

According to court documents, P'Nut and Fred's execution were "not due to a fear of rabies," but a "senseless act of violence" and "obscene demonstration of government abuse." 

This lawsuit comes on top of a previous suit filed by Longo and Bittner on June 27 in Chemung County Supreme Court against the City of Elmira and 36 individuals from various levels of state and local office - and seeks unspecified damages via jury trial. 

The couple claims they've suffered emotional trauma and financial losses since losing their star squirrel - who had appeared all over social media (including OnlyFans !?), according to both lawsuits. 

"RIP MY BEST FRIEND. Thank you for the best 7 years of my life. Thank you for bringing so much joy to us and the world. I’m sorry I failed you but thank you for everything," Longo wrote in a post announcing Peanut's death.

A Connecticut native, Longo moved to Elmira, NY in 2023 to start the Freedom Farm, a 501.C.3 approved nonprofit.

"Last year we moved to NY in hopes of starting a NONPROFIT animal rescue in PNUT’s Name. [P’Nuts Freedom Farm] will forever live in PNUT’s memory," Longo wrote in a post announcing the seizure late last year. 

"With over 350 rescues, we’ve relied heavily on PNUT and his internet family to father donations to help more animals. I don’t even know how will [sic] continue to fundraise for this nonprofit."

The organization is made up of veterinarians and caregivers who rescue animals from abusive or dire situations.

Tyler Durden Mon, 08/11/2025 - 21:20

IRS Announces No Changes To Withholding Tables, Information Return Forms For 2025

Zero Hedge -

IRS Announces No Changes To Withholding Tables, Information Return Forms For 2025

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

There will be no changes to individual information returns or withholding tables for the 2025 tax year while the IRS implements the One Big Beautiful Bill Act (OBBB) in a phased manner, the agency said in an Aug. 7 statement.

The IRS building in Washington on July 21, 2025. Madalina Kilroy/The Epoch Times

Information returns are documents that businesses must file with the IRS, reporting transactions such as wages paid to employees. The IRS’s withholding tables describe how much an employer must withhold from an employee’s paycheck for taxes, Social Security, and Medicare.

The OBBB was signed into law by President Donald Trump on July 4 and included certain provisions related to taxes.

The IRS clarified that information return forms such as forms W-2, 1099, and 941 “will remain unchanged” for tax year 2025. The federal income tax withholding tables will not be updated with OBBB provisions, the agency said.

“These decisions are intended to avoid disruptions during the tax filing season and to give the IRS, business, and tax professionals enough time to implement the changes effectively,” the agency said.

The IRS asked employers and payroll providers to continue using existing procedures when it comes to reporting and withholding taxes.

As for tax year 2026, the IRS said it was working to update forms and develop new guidance.

The new changes will include how overtime pay and tips are reported. The IRS said it plans to coordinate with payroll providers, tax professionals, and employers to ensure a smooth transition to the new rules.

Although there is no change in information returns or withholding tables, the OBBB has multiple provisions providing tax relief for Americans effective this year.

For one, the OBBB eliminates taxes on tips, according to a July 14 statement from the IRS.

Employees and self-employed individuals can deduct tips from their tax returns, provided their occupations are listed by the IRS as customarily receiving tips. The IRS must publish a list of these occupations by Oct. 2.

The maximum annual deduction allowed in this case is $25,000, which phases out for taxpayers whose modified adjusted gross income is more than $150,000.

Secondly, the OBBB eliminates taxes on overtime.

Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay,” the IRS said.

The maximum overtime deduction for a taxpayer is $12,500 per annum, which is phased out as income rises.

To claim the deduction, taxpayers are required to include their Social Security numbers on their tax returns. Married individuals must file jointly to claim the deduction. For joint filers, it goes up to $25,000.

Third, the car loan interest tax has been canceled by the OBBB.

“Individuals may deduct interest paid on a loan used to purchase a qualified vehicle, provided the vehicle is purchased for personal use and meets other eligibility criteria,” the IRS said, adding that lease payments do not qualify for this benefit.

To be considered a qualified deduction, the interest must be on a loan that originated after Dec. 31, 2024. The vehicle must have undergone final assembly in the United States.

Fourth, Americans aged 65 and older can claim a tax deduction of $6,000, which is in addition to the existing standard deduction for this demographic. The deduction phases out for seniors with a modified adjusted gross income of more than $75,000.

These four tax relief provisions are effective from 2025 through 2028.

Rising Tax Collections, New Commissioner

For fiscal year 2024, which ran from Oct. 1, 2023, to Sept. 30, 2024, the IRS collected more than $5.1 trillion in revenues, a roughly 9 percent increase from the previous fiscal year.

This was the first time that the agency’s collections crossed the $5 trillion mark.

The IRS processed more than 266 million returns and other forms from individuals, businesses, and tax-exempt organizations; received almost 4.6 billion information returns; and issued close to $553 billion in refunds to individual and business taxpayers during FY 2024,” the agency said.

The IRS is slated to get a new chief after Trump replaced commissioner Billy Long, a White House official told The Epoch Times. Long was confirmed to the post less than two months ago.

Long said he will now act as U.S. ambassador to Iceland.

“It is [an] honor to serve my friend President Trump and I am excited to take on my new role as the ambassador to Iceland,” Long said in an Aug. 8 post on social media platform X.

“I am thrilled to answer his call to service and deeply committed to advancing his bold agenda. Exciting times ahead!”

Treasury Secretary Scott Bessent will serve as acting commissioner of the IRS.

Andrew Moran contributed to this report.

Tyler Durden Mon, 08/11/2025 - 20:55

Security Expert Reveals Hacker Could Remote Control Cars Through Major Automaker's 'Dealership Portal'

Zero Hedge -

Security Expert Reveals Hacker Could Remote Control Cars Through Major Automaker's 'Dealership Portal'

In a shocking cyber security incident that should terrify every American, a top security researcher has revealed how he gained "unfettered access" to a major carmaker's dealership portal - potentially allowing hackers to remotely hijack any customer vehicle from anywhere in the world.

Eaton Zveare, a security researcher at software delivery company Harness, made the alarming disclosure to TechCrunch, explaining how the devastating flaw could have enabled cybercriminals to access victims' personal and financial data, track their vehicles in real-time, and even seize complete control of vehicles from any location globally.

While Zveare refused to name the vulnerable automaker, he confirmed it's a popular car company operating multiple brands under its corporate umbrella, meaning millions of Americans could have been at risk.

TechCrunch reports:

Zveare, who has found bugs in carmakers’ customer systems and vehicle management systems before, found the flaw earlier this year as part of a weekend project, he told TechCrunch.

He said while the security flaws in the portal’s login system was a challenge to find, once he found it, the bugs let him bypass the login mechanism altogether by permitting him to create a new “national admin” account.

The flaws were problematic because the buggy code loaded in the user’s browser when opening the portal’s login page, allowing the user — in this case, Zveare — to modify the code to bypass the login security checks.

"No one even knows that you're just silently looking at all of these dealers' data, all their financials, all their private stuff, all their leads," Zveare told the news outlet in his explosive interview.

The researcher demonstrated the hack's terrifying potential, explaining: "For my purposes, I just got a friend who consented to me taking over their car, and I ran with that. But [the portal] could basically do that to anyone just by knowing their name — which kind-of freaks me out a bit — or I could just look up a car in the parking lots."

"They're just security nightmares waiting to happen," he added, highlighting the industry-wide vulnerabilities that could leave American families exposed to cyber attacks.

Fortunately, the carmaker acted swiftly after being notified, with Zveare confirming that the critical vulnerabilities were patched within one week in February 2025.

"The takeaway is that only two simple API vulnerabilities blasted the doors open, and it's always related to authentication," said Zveare. "If you're going to get those wrong, then everything just falls down."

The revelation underscores the growing threat of cyber warfare targeting America's critical infrastructure, raising serious questions about whether our automotive industry is doing enough to protect Americans from hackers.

Tyler Durden Mon, 08/11/2025 - 20:30

Tuesday: CPI

Calculated Risk -

Mortgage Rates From Matthew Graham at Mortgage News Daily: Mortgage Rates Steady Ahead of High Stakes Inflation Report
The average top tier 30yr fixed rate held exceptionally steady last week after moving just a bit lower over the weekend. By comparison, today's rates are much closer to Friday's latest levels and still very close to the lowest we've seen since October, 2024.

If the two key economic considerations for interest rates are jobs and inflation, the two key economic reports are the jobs report seen earlier this month and the Consumer Price Index which comes out tomorrow morning. It's often repeated that the PCE Price Index is a preferable gauge of inflation, but CPI comes out 2 weeks earlier and thus gets most of the market's attention.

Just like last month, market participants are watching to see the extent of tariff-driven inflation in tomorrow's data. If it contributes to a higher-than-expected result, we'll likely see some upward pressure on rates. [30 year fixed 6.58%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for July.

• At 8:30 AM, The Consumer Price Index for July from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.3% increase in core CPI.  The consensus is for CPI to be up 2.8% year-over-year and core CPI to be up 3.0% YoY.

Revealed: Shots Fired After Japanese Destroyer Breached Chinese Waters

Zero Hedge -

Revealed: Shots Fired After Japanese Destroyer Breached Chinese Waters

This weekend, Japan's Kyodo news cited high level diplomatic sources who revelaed for the first time a dangerous event between Chinese and Japanese naval vessels which unfolded a year ago. In July 2024, Chinese naval vessels fired at least two warning shots at a Japanese Maritime Self-Defense Force (MSDF) destroyer after it unintentionally entered Chinese territorial waters off Zhejiang Province, a coastal region in East China

The destroyer, Suzutsuki, was described as monitoring Chinese military exercises in international waters when the incident occurred. The Japanese government sources seem to be admitting that it was the fault of the Japese vessel, as the explanation given in Kyodo is that the ship's electronic navigation system failed to display territorial boundaries.

File image: US 7th Fleet.

The destroy thus 'uknowingly' and inadvertently hcrossed directly into Chinese territorial waters, having come within 12 nautical miles (about 22 kilometers) of China's coast for approximately 20 minutes on July 4.

Kyodo relates based on its sources:

After repeatedly urging the Japanese destroyer to change course, the Chinese vessels fired a warning shot just before the Suzutsuki entered Chinese territorial waters and another after it had crossed into the area, the sources said.

After Beijing logded formal protest over the incurion, Japan is reported to have 'unofficially explained' to Chinese officials that the captain was unware he had breached Chinese waters due to the technical malfunction. 

Underscoring how serious an incident it was, Japan's MSDF subsequently dismissed the destroyer's captain due to neglegence, and has kept its internal investigation into the incident a secret.

However, Japanese officials are at the same time deeply uneasey that China's PLA Navy so quickly reverted to use of force in the form of live-fire warning rounds.

The Kyodo report came out on Sunday, and interestingly just a day later, on Monday, there was another major incident involving the Chinese PLA Navy and other regional US ally, The Phillippines. 

Dramatic footage emerged showing two Chinese navy vessels colliding while chasing a Philippine patrol boat near Scarborough Shoal in the South China Sea - an area which has emerged as a geopolitical flashpoint between Manila and Beijing. 

General location of last year's incident between Japan and Chinese naval forces. Map via Encyclopaedia Britannica

"The (China Coast Guard vessel) CCG 3104, which was chasing the (Filipino coast guard vessel) BRP Suluan at high speed, performed a risky manoeuvre from the (Philippine) vessel's starboard quarter, leading to the impact with the PLA (People's Liberation Army) Navy warship," Philippine Coast Guard (PCG) officer Jay Tarriela said in a statement, quoted by AFP News

"This resulted in substantial damage to the CCG vessel's forecastle, rendering it unseaworthy," Tarriela said, in a truly bizarre and somewhat unprecedented incident, illustrating the continued militarization of these disputed waters.

Tyler Durden Mon, 08/11/2025 - 18:50

Is Your Data Held Hostage? There's A Ransomware Negotiator For That

Zero Hedge -

Is Your Data Held Hostage? There's A Ransomware Negotiator For That

Authored by Chris Summers via The Epoch Times (emphasis ours),

Mark Lance’s phone rings when a company’s data is being held hostage. Often, the perpetrators are demanding a ransom to return sensitive information.

Mark Lance, a ransomware negotiator with Guidepoint Security, said early intervention is key in cyberattacks, as it helps manage expectations and outline options for victims. Courtesy of Guidepoint Security

The largest demand for one of our victims was $70 million,” said Lance, a ransomware negotiator with Virginia-based Guidepoint Security.

Failure to pay is under the threat that the company’s information will be made public.

The earlier we get engaged, the better,” Lance told The Epoch Times.

“In most circumstances … a client has already recognized that they’ve been a victim—they’ve been informed via ransom notes,” he said.

“We help people recognize that even if there’s no intent on paying a ransom, there’s a tremendous amount of value in engaging the cyber criminals, because … you can still do things like delay the inevitable release of their information, which will allow for more time for the forensics and incident response work stream to make sure that they are patched.”

Cyber attacks, usually involving ransomware, are being perpetrated against corporations and state-owned agencies in the United States every day.

In the first half of 2025, a Comparitech report shows 208 ransomware attacks on government agencies globally, a 65 percent increase from the same period of 2024.

Ransomware is a type of malicious software—or malware—that prevents a user from accessing his or her computer files, systems, or networks and demands that he or she pay a ransom for their return, according to the FBI.

The average cost to the victim of a ransomware attack has risen from $761,106 in 2019 to an estimated $5.13 million in 2025, according toPurpleSec, a U.S.-based cybersecurity company.

That includes the ransom payment itself, the recovery costs, and various indirect costs such as reputational damage.

Lance, who has worked in cybersecurity for 25 years, said when he is called in at the early stage of an attack, the victim is usually still performing a business impact analysis.

They’re not necessarily sure what has fully transpired or has occurred within their environment, to know what they potentially need to do as next steps,” he said.

By “environment,” Lance means all the hardware, software, and networks that support an organization’s operating systems.

He said a ransomware negotiator can manage expectations and give the victim an idea of their options.

He said he can buy valuable time, and also allow the victim to work with legal counsel to determine what sort of disclosure they are going to have to make to the public, to stockholders, to the Securities and Exchange Commission (SEC), and other regulators.

Lance said the threat actors also have to provide some sort of evidence that they have accessed the victim’s data, and will have to provide a file tree, which is a map of directories leading to the files they have accessed.

We can gather and glean information from those communications that can be shared, that they might not have otherwise. But yeah, the earlier [we are brought in], the better,” he said.

Jeanette Manfra, chief cybersecurity official for the Department of Homeland Security, speaks during a briefing at the White House on Dec. 19, 2017. Manfra announced that the United States believes North Korea was behind the global WannaCry cyberattacks. Saul Loeb/AFP via Getty Images

Lance said at an early stage he tries to figure out what the client wants from the communication with the ransomware gang, “and then we develop a strategy around that.”

He said the initial strategy might be simply to delay while they find out more about the attack and how serious it is in terms of consequences.

He said the victim might later decide they are willing to make a ransom payment, and he said, “Then our strategy changes into how we’re negotiating terms, like, do they need it quickly? Or do we have time? So our strategy will change based on the needs of the client and what they’re trying to get out of it.”

Cyber Ransom Notes

Most often, the ransom note is left as a message on an individual system, Lance said. The note will usually advise the victim not to try to touch any of the IT systems and to download a Tor browser, go to a website on the darknet, and initiate communications with the ransomware attackers.

Read the rest here...

Tyler Durden Mon, 08/11/2025 - 17:40

Man's Private Plane Repeatedly Stolen For Joyrides, Then Repaired, By Unknown Stranger

Zero Hedge -

Man's Private Plane Repeatedly Stolen For Joyrides, Then Repaired, By Unknown Stranger

Here's one you don't see every day. A baffling aviation mystery has left 75-year-old Jason Hong both confused and frustrated: an unknown stranger has repeatedly stolen his plane, flown it without incident, landed it flawlessly — and even repaired it, according to Local 12.

Hong told the Los Angeles Times the saga began when he first noticed the plane was gone. "I got confused," he recalled. "I thought, 'did I park it somewhere else, did the airport manager move it?' But I looked all over." Two days later, the aircraft turned up about 25 miles away, unscathed except for some cigarette butts in the cabin.

The Local 12 report says that, determined to prevent a repeat theft, Hong removed the battery and planned to check back the following weekend.

But when he returned, the plane was missing again — this time found 18 miles from the thief’s first landing spot. Even stranger, the battery had been replaced with a new one.

Using a flight-tracking app, Hong discovered that both joyrides occurred on his 75th birthday. With no security cameras at the airports, authorities have been unable to identify the culprit.

Hong suspects the thief has significant flying experience, noting that "landing is not easy" and replacing a plane’s battery requires specialized tools and knowledge. He estimates the intruder spent hundreds of dollars on the new battery, tools, and even a headset found in the cockpit.

"Someone breaks into your house, they're looking for jewelry or cash right?" Hong said. "But in this case, what's the purpose? It's like someone breaks my window, and then they put a new one up."

One pilot at the second airport claimed to have seen a woman in her 40s or 50s sitting in the cockpit rather than in the lounge. Hong has now chained the aircraft in place until a full inspection can be completed.

Tyler Durden Mon, 08/11/2025 - 17:20

DHS Remembers Victims Of Serious Crimes Committed By Illegal Immigrants

Zero Hedge -

DHS Remembers Victims Of Serious Crimes Committed By Illegal Immigrants

Authored by Yeny Sora Robles via The Epoch Times (emphasis ours),

The Department of Homeland Security (DHS) on Aug. 6 commemorated the victims of fatalities and serious crimes committed this year by illegal immigrants in the United States.

The Department of Homeland Security in Washington on Aug. 12, 2024. Madalina Vasiliu/The Epoch Times

“For too long, politicians turned a blind eye to the suffering of American citizens while protecting criminal illegal aliens. That ended on January 20,” the department’s Assistant Secretary Tricia McLaughlin said in an Aug. 6 statement.

“Under President [Donald] Trump and Secretary [Kristi] Noem, DHS is standing with the victims—not depraved criminal illegal aliens,” she added.

DHS honored “the strength and resilience” of the victims and their families affected by crimes committed by illegal immigrants.

“Behind every one of these crimes is a victim and their family left to rebuild their lives after unimaginable loss, suffering, and brutality,” McLaughlin said.

Among the victims remembered in the statement are girls, adolescents, women, and men, including officials and ICE officers.

Luis Jocsan Nanez López, 15, was shot and killed on July 20 while trying to protect his mother from an attempted rape, allegedly by Mexican national Gildardo Amandor-Martínez in Kentucky. Amandor-Martínez also allegedly assaulted Luis’s sister with a firearm. Martinez made two failed attempts to enter the United States, but on the third attempt, he was able to enter at an unknown date and location.

Megan Bos, 37, was found decapitated in a bleach-filled container in Illinois in April, after being reported missing on March 9. The alleged perpetrator was identified as Luis Mendoza-González, from Mexico.

Santiago López Morales, 48, was murdered at a Motel 6 in Garland, Texas, in June 2025. DHS confirmed that the suspects in the crime are three Venezuelan men identified as Yosguar Aponte-Jiménez, José Trivino-Cruz, and Jesús Bellorín-Guzmán.

Hallie Helgeson, 18, and Brady Heiling, 19, died in a car crash in Wisconsin in 2025, caused by a suspected drunk driver, Noelia Saray Martínez-Avila, from Honduras.

Maria Pleitez, 42, and her 11-year-old daughter, Dayanara, died in a car crash in New Jersey in 2025. Mexican national Raúl Luna-Pérez is suspected of driving under the influence and causing the deaths.

An unnamed woman was sexually assaulted on July 2, allegedly by José Maldonado-Zavala, a native of Honduras, at an apartment complex in Houston, Texas. According to records, Maldonado-Zavala falsely claimed the victim’s air conditioning was leaking into his apartment. He then forcibly grabbed her arm, dragged her into his residence against her will, and sexually assaulted her; she fought off the attacker and managed to flee.

A 17-year-old girl was harassed and raped, allegedly by a transgender illegal immigrant from Colombia who presents as a woman, Nicol Alexandra Contreras-Suarez. Contreras-Suarez was charged with rape of a minor and harassment in Columbia, New York, in 2025.

A man suffered life-threatening stab wounds after being attacked during a public soccer game, allegedly by Jefferson Javier López-Tinoco of Honduras, in Maryland in 2025.

A U.S. Customs and Border Protection officer was shot in the arm and cheek during an attempted armed robbery in New York in 2025, allegedly by Cristian Aybar Berroa and Miguel Francisco Mora Núñez from the Dominican Republic.

A U.S. government official was harassed in Virginia in 2025, allegedly by José Madrid Reyes of El Salvador.

In 2018, a woman was sexually assaulted in Oregon while walking on Independence Day by Kevin Contreras-Mendoza of Mexico.

DHS said it reinforced its commitment to restoring security in the country and sent a message of support to all victims and families affected by crimes committed by illegal immigrants.

Tyler Durden Mon, 08/11/2025 - 17:00

Chaos In South China Sea: China Rams Own Warship While In Pursuit Of Philippine Vessel

Zero Hedge -

Chaos In South China Sea: China Rams Own Warship While In Pursuit Of Philippine Vessel

Dramatic footage has emerged showing two Chinese navy vessels colliding while chasing a Philippine patrol boat near Scarborough Shoal in the South China Sea on Monday - an area considered by some as a geopolitical flashpoint between Manila and Beijing. 

"The (China Coast Guard vessel) CCG 3104, which was chasing the (Filipino coast guard vessel) BRP Suluan at high speed, performed a risky manoeuvre from the (Philippine) vessel's starboard quarter, leading to the impact with the PLA (People's Liberation Army) Navy warship," Philippine Coast Guard (PCG) officer Jay Tarriela said in a statement, quoted by AFP News

"This resulted in substantial damage to the CCG vessel's forecastle, rendering it unseaworthy," Tarriela said.

Tarriela released the footage on X. He described what unfolded:

Here is a longer video capturing the collision between the PLA Navy 164 and the China Coast Guard 3104. The Philippine Coast Guard (PCG) has consistently urged the Chinese government to respect the COLREGS and to approach these matters with professionalism, especially considering their role in enforcing maritime laws. We have also emphasized that such reckless behavior at sea could ultimately lead to accidents. Our thoughts are with the CCG personnel who may have been injured in this incident. 

The incident is the latest in a series of dangerous encounters in the South China Sea that could easily trigger broader conflict. Tensions in the area have been rising since Beijing seized Scarborough Shoal in 2012.

Related: 

All of this plays into a broader theme of a more chaotic world heading into the 2030s, with the global order fracturing into a dangerous bipolar state

Tyler Durden Mon, 08/11/2025 - 16:40

RussiaGate: 'A Murder Of American Democracy Was Committed'

Zero Hedge -

RussiaGate: 'A Murder Of American Democracy Was Committed'

Authored by James Howard Kunstler,

Under Color Of Law

"The second-order and third-order damages of RussiaGate are incalculable. A murder of American democracy was committed."

- Mike Benz on "X"

Surely you’ve noticed the ominous cone of silence around the DOJ and the FBI as rumors of “accountability” mount against well-known figures who used government to make war against its own citizens. That is exactly what happened, by the way, in case you’re baffled by the news. The agencies aren’t leaking this time, especially not to the mendacious scribes that infest The New York Times and The WashPo, who function as vanguard to the corps of traitors in the rogue fourth branch of government called the Blob.

So, the silence begs you to ask: Are they doing anything in there?

Yes, they are making cases. And they are not yapping idly about it in the news, legacy or alt. They are preparing evidence for grand juries that will decide if probable cause exists to indict those well-known figures — several of whom have become cable news performers, foolishly, if obliquely, advertising their own culpability for years now. You’ll just have to wait, though perhaps not for long. It is August, after all, the horse latitudes of the year when things go still.

You are lectured incessantly and sanctimoniously by these same suspects about the rule of law (in “our democracy”). Many of these characters are maestros in the dark arts of lawfare, which, paradoxically, is the practice of using law to pervert and dishonor the rule of law. Lately, you are introduced to a similar sounding phrase, under color of law, with a related meaning. Understand it and you will see what has been behind virtually all the mischief in our public affairs this past, vicious decade.

Under color of law has deep roots in Anglo-American jurisprudence because law, by its nature, lends itself to abuse and nefarious misuse. The law’s “nature” is that it is a set of rules to decide matters of consequence, both personal and public, where much is at stake: ownership of property, liberty, life itself. At times, actions are taken in the name of the law to unjustly deprive persons of life, liberty, and property, usually for the benefit of other persons.

The phrase, life, liberty, and property, derives from John Locke’s Two Treatises on Government (1689), which argued that these are natural rights, God-given, and that it is government’s duty to protect these rights, government being the practical application of law. The phrase life, liberty, and property deeply influenced America’s founders. Thomas Jefferson changed it up a bit in the Declaration of Independence as “life, liberty, and the pursuit of happiness,” with a eudaimonian twist to inspire America to flourish on its own, off England’s leash. It was also Jefferson’s way of detaching the Declaration from the issue of slavery, where “property” could refer to human beings.

But the Lockean original, life, liberty and property, reappears in the Bill of Rights to the Constitution. It is in the Fifth Amendment, protecting persons from the arbitrary deprivation of these rights without due process by the federal government, and in the Fourteenth Amendment applying the same principle of law to state governments. Where lawfare comes in is under due process. Lawfare’s aim is to pervert due process, to use officers of the courts to act unfairly and unjustly in the name of the law, and thus, under color of law.

This is exactly what you saw in the several cases brought against Mr. Trump in New York State in 2024, a three-ring circus of process-abuse engineered by the “Joe Biden” White House, coordinated with Merrick Garland’s DOJ (through Deputy AG Lisa Monaco), with assists from NY AG Letitia James and Manhattan DA Alvin Bragg. Ditto the RICO case attempted in Atlanta under Fulton County DA Fani Willis, a spectacular botch. And ditto, the cases brought under Special Counsel Jack Smith in Florida and DC, also badly botched.

The slovenly ineptitude of these cases was really something to behold, including the sordid romantic complications around Fani Willis and her chosen chief prosecutor, “boyfriend” Nathan Wade, a divorce lawyer with no experience in criminal law. Throw in the disgraceful, self-conflicted antics of the Judges Kaplan, Engoron, and Merchan in the New York cases, and the oafish conduct of Jack Smith and his assistants in Florida and DC — and what you get is a demonstration of how crude an instrument sheer lying actually is in the practice of law, and how easily it breaks against the people using it.

Some of these characters are just now coming to grief: Letitia James faces a DOJ action on depriving Mr. Trump’s rights, and SC Jack Smith is under active FBI investigation for evidence tampering and other crimes of process abuse. It would be fitting for all the prosecutors and the three judges in the New York cases to face similar inquiries.

The phrase under color of law establishes liability for abuse of power for officials vested with the terrible authority for upending people’s lives.

The phrase “deprivation of rights” appears explicitly in federal statutes primarily focused on holding government officials and others acting with apparent legal authority accountable for willfully violating an individual’s constitutional or legal rights. The most relevant statute is 18 U.S.C. § 242, which directly criminalizes such conduct. Additional statutes, such as 18 U.S.C. § 241, 18 U.S.C. § 250, 18 U.S.C. § 2243, and 18 U.S.C. § 2244. That’s where all this is going, even if all that’s coming out of the DOJ and FBI for the moment is that ominous silence.

Tyler Durden Mon, 08/11/2025 - 16:20

Goldman Finds "Sharp Declines" In Import Prices As Foreigners Absorb Trump's Tariffs

Zero Hedge -

Goldman Finds "Sharp Declines" In Import Prices As Foreigners Absorb Trump's Tariffs

Back in late June, we were first to point out something startling: contrary to conventional wisdom according to which prices of heavily-tariffed goods would surge and spark runaway inflation (just skim this from certified idiot Paul Krugman), we found just the opposite, namely that Japanese passenger car export prices had plunged by the most on record, demonstrating that it was foreign producers that were eating the bulk of the tariffs, certainly in this particular case.

Three days later, our chart ended up in front of Fed Chair Jerome Powell during his periodic grilling in Congress, where he was unable to give a clear explanation as to why the export prices of Japanese autos would be plunging in response to sharply higher tariffs (the answer, of course, is simple: foreign producers simply can not pass through costs to the US market without losing much if not all of their market share, so they have no choice but to eat the loss).

Fast forward to today when Goldman, similar to Morgan Stanley over the weekend, tried to analyze why those tariffs which it - and so many other economists predicted incorrectly - would already have sent inflation soaring, have failed to do so. While there is a bunch of stuff in the report (which pro subs can read at their leisure here), what was most notable is the "discovery" that it's not just Japanese car makers.

As Goldman's Jan Hatzius reveals, "we find that US import prices on tariffed goods have declined somewhat, suggesting that foreign exporters have absorbed some tariff costs by lowering their export prices to the US, unlike during the 2018-2019 trade war."

Our updated analysis shows that a 1pp increase in the product-level tariff rate led to a 0.25% cumulative decline in import prices over the first three months of implementation, with minimal impact thereafter.

Of course, here Goldman had to mix fact with projection to not sound like a bunch of wrong, confused career economists. When one strips away hypothesis and forecast, here is what actually happened: "following the implementation of China and auto tariffs, import prices (exclusive of tariffs) of both consumer and non-consumer goods from China, as well as import prices of passenger cars (exclusive of tariffs) from the EU and Japan, all experienced sharp declines."

Looking forward, Goldman concludes that whereas "foreign exporters had absorbed 14% of the cost of all tariffs implemented so far through June, their share will rise to 25% if the more recent tariffs follow the same pattern as the earliest tariffs on China."

This also means that the 9% increase in the effective tariff rate through June has reduced import prices by at least 1.3% so far, and that the total 14% increase in the effective tariff rate that Goldman expects in 2025 will likely reduce import prices by 3.7%, if not much more assuming foreign producers continue to keep prices reduced to remain competitive with lower-cost domestic producers.

The rest of the Goldman note goes on to do what Morgan Stanley tried to do yesterday: forecast just when all those tariffs will eventually finally show up in inflation... an exercise they have to do because both giant banks were very wrong in incorrectly assuming that inflation would already be far higher than it is so far. Don't be surprise if tomorrow's CPI comes in tame yet again, prompting even more revisions to Goldman's inflation ETA.

Much more in the full Goldman note, available to pro subscribers.

Tyler Durden Mon, 08/11/2025 - 15:45

"Prepare Now": Substation Failure Puts Baltimore At Risk Of "Widespread" Blackout

Zero Hedge -

"Prepare Now": Substation Failure Puts Baltimore At Risk Of "Widespread" Blackout

Over a million residents across central Maryland, particularly in the Baltimore metro, were warned moments ago by the local utility that a substation failure linked to a major power plant could trigger widespread blackouts this afternoon. The alert comes barely a week after President Trump handed Maryland Governor Wes Moore and the Democratic Party in Annapolis a political lifeline to prevent power blackouts, underscoring the fragility of the state's power grid under the weight of failed Democrat-driven green energy policies

Baltimore Gas and Electric (BGE) has asked all 1.3 million of its electric customers in central Maryland "to conserve electricity to reduce the potential for widespread outages this afternoon and evening, due to a power plant experiencing an unplanned disconnection from the BGE electric system."

The Maryland Freedom Caucus reports that a substation linked to the Brandon Shores Power Plant experienced a failure earlier today, which could leave the supply insufficient when demand peaks later. As a result, Baltimore City and surrounding areas may face rolling blackouts this afternoon.

The Maryland Freedom Caucus blamed what it called "irresponsible Democrats" and their "failed green energy policies" for the crisis.

The Maryland Freedom Caucus urges residents in affected areas to take precautions to limit the impact of any outages. But make no mistake—this crisis is the direct result of radical, extremist energy policies from Maryland Democrats and Governor Wes Moore, which are driving reliable power plants toward closure and leaving our grid on the brink. This situation has the real possibility of being a regular occurrence if we do not change course.

We renew our call to Governor Moore to stop relying on federal bailouts and use his executive authority to protect Maryland's energy future:

  • Keep our existing plants open and reopen recently closed facilities
  • End the Green Energy Scam mandates strangling our economy
  • Eliminate the EmPOWER surcharge that drains ratepayers without cooling their homes
  • Immediately add nuclear to Maryland's Tier 1 energy options.

Last week, U.S. Energy Secretary Chris Wright granted Democrats in the state a massive political lifeline to prevent rolling blackouts by granting a 90-day emergency waiver allowing the H.A. Wagner power plant to exceed pollution limits to avoid rolling blackouts in the Baltimore metro area.

We no longer need to explain how Maryland is becoming the epicenter of the Democratic Party's imploding policies - all on display for the nation to see, especially on the green issue.

Meanwhile, failed green policies and increasing baseload power demand, driven by data centers, EVs, and other electrification trends, have created a perfect storm of hyperinflated power bills for residents.

Power CPI in U.S... 

Correct. 

Any blackout today would be disastrous, not just for Gov. Moore, who is being groomed for 2028, but also for Democrats, as their green energy agenda short-circuits with failures.

Tyler Durden Mon, 08/11/2025 - 15:35

Massachusetts Teachers Demand New Wealth Tax

Zero Hedge -

Massachusetts Teachers Demand New Wealth Tax

Authored by Jonathan Turley,

I have long opposed wealth taxes based on both constitutional and practical grounds.

When Elizabeth Warren pushed her own wealth tax, I noted that the high starting income or wealth levels would likely be lowered with time if Congress were ever allowed to cross this constitutional Rubicon.

The Massachusetts Teachers Association (MTA) is now demanding an amendment to the state constitution to tax the “wealth of the richest 1%” to pay for free public college.

Previously, the state passed a constitutional amendment to place a 4 % tax on income above $1 million. This would add a new wealth tax to that earlier “Fair Share Amendment.”

In a press release, the teachers union president Max Page declared:

“if we are serious about social and economic justice and nurturing a culturally rich and welcoming state of involved citizens, we will provide all residents with the best vehicle for a prosperous future – public education.”

New York City socialist mayoral candidate Zohran Mamdani has made a similar proposal that, in addition to taxing corporations, he will “tax the wealthiest 1% of New Yorkers—those earning above $1 million annually—a flat 2% tax.”

Not surprisingly, Warren recently declared Mamdani the future of the Democratic Party.

Massachusetts is already in the top ten highest tax jurisdictions.

These tax increases are why many of us have opposed the state and local (SALT) tax deduction.

As high-tax states continue to increase their rates, they expect residents in low tax states to subsidize them.

My forthcoming book, Rage and the Republic: The Unfinished Story of the American Revolution, discusses the wealth tax controversy and how these moves are likely to increase in the coming years.

Tyler Durden Mon, 08/11/2025 - 15:25

Israeli Strike Kills 5 Al Jazeera Journalists In Gaza, IDF Says They Were Part Of Hamas Cell

Zero Hedge -

Israeli Strike Kills 5 Al Jazeera Journalists In Gaza, IDF Says They Were Part Of Hamas Cell

Israel's military (IDF) has stepped up its bombing of Gaza City, and already there are mounting civilian casualties and an international outcry, especially after a well-known regional reporter and his crew were killed in a weekend strike

Five journalists and staff members working for Al Jazeera were among seven total people killed in a late Sunday night strike. They were sheltered in a press-marked tent near Al-Shifa hospital, various sources indicate.

The Hamas-run Government Media Office in Gaza has condemned the attack on the press group as "deliberate and premeditated". It's identified prominent Al Jazeera correspondent Anas al-Sharif as among the dead. The 28-year-old Al Jazeera Arabic journalist was known to have reported extensively from northern Gaza, and recently Israel identified him as among six 'compromised' journalists from Al Jazeera who have alleged ties with Hamas. The network has said Israel is falsely seeking to justify its war crimes against journalists. 

Anas al-Sharif. Source: Al Jazeera

Also among the dead weere Mohammed Qraiqeh and three photographers: Ibrahim Zaher, Moamen Aliwa and Mohammed Noufal.

However, Israel is claiming these were military targets and not journalists. The NY Times writes, "The Israeli military confirmed that it had conducted a strike targeting one of the men killed, whom it accused of being a Hamas fighter posing as a reporter, an allegation that he and the network had rejected."

The United Nations is not accepting Israel's defense of its actions, instead calling the attack a "serious violation of international humanitarian law."

The UN issued a statement on X saying, "We condemn the Israeli military’s killing of six Palestinian journalists by targeting their tent — a grave breach of international humanitarian law,” and emphasized that “Israel must uphold its obligation to protect all civilians, including journalists."

The UN further said at least 242 Palestinian journalists have died in Gaza since October 7, 2023, and is urging greater security and protection for journalists in the midst of the conflict. "Israel must respect and protect all civilians, including journalists," it said. Funerals for the men are already underway on Monday.

As for Anas Al-Sharif, the IDF alleges he was leading a Hamas cell. The Qatar-based Al Jazeera network is pushing back:

Meron Rapoport, a veteran Israeli journalist and editor of the Local Call news site, has said the Israeli military’s accusation that Al Jazeera correspondent Anas al-Sharif was a Hamas member “doesn’t make sense at all”.

“The Israeli explanations are, at best, very lacking,” Rapoport told Al Jazeera from Tel Aviv. He said that if the claims were true, Israel would have been expected to have targeted or arrested al-Sharif a long time ago.

He said Israel likely targeted al-Sharif now because of two main factors – first, his important role in “telling the world that there is famine in Gaza”, which “really hurt Israel internationally”; and, second, because of the planned upcoming invasion of Gaza City, which Israel wants to minimise coverage of.

Al Jazeera offices in Israel and the West Bank have already long ago been raided and shut down by Israeli security forces. Israeli leaders have long conisdered the Mideast regional channel to be adversarial.

It was only in July that Al Jazeera warned that Israel threatened to directly target its correspondent Al-Sharif:

Al Jazeera Media Network has denounced the Israeli military for what it called a “campaign of incitement” against its reporters in the Gaza Strip, including most notably Al Jazeera Arabic correspondent Anas al-Sharif.

In a statement on Friday, Al Jazeera said it “strongly condemns and denounces these relentless efforts, which have consistently incited against its staff since the beginning of its coverage of the ongoing Israeli war on Gaza”.

In May of 2022, the IDF shot dead an even more well-known Al Jazeera journalist. Shireen Abu Akleh, a Palestinian Christian, was killed while covering the siege of Jenin refugee camp. She had been wearing a press vest at the time and was huddled with other journalists at the moment she was shot.

Tyler Durden Mon, 08/11/2025 - 15:05

Fatal 'Laughing Gas' Poisonings Skyrocket As Recreational Use Spreads

Zero Hedge -

Fatal 'Laughing Gas' Poisonings Skyrocket As Recreational Use Spreads

Authored by George Citroner via The Epoch Times (emphasis ours),

The last decade has seen a 578 percent rise in deaths due to nitrous oxide poisoning, a new research letter shows, revealing a sharp rise in U.S. fatalities linked to the gas—often called “laughing gas”—over the past 13 years.

Ink Drop/Shutterstock

The colorless, odorless gas is used recreationally as a euphoric and hallucinogenic drug.

The same drug used as anesthesia in dentists’ offices is now easily purchased by teenagers at corner stores and inhaled for a quick high—and it’s proving increasingly deadly.

“On the streets, the slang term for nitrous oxide is ‘whippits,’” Brian Townsend, a retired supervisory special agent with the U.S. Drug Enforcement Administration and not involved in the study, told The Epoch Times. “The gas comes from canisters, typically released into balloons before the user inhales it. This gives them a brief euphoric feeling or ‘high.’”

Fatalities have climbed from 23 in 2010 to 156 in 2023, with researchers linking the increase to the spread of whippits among American youth.

A Steep Increase

In the letter, recently published in JAMA, researchers examined death records from 2010 to 2023 using data from the Centers for Disease Control and Prevention’s Wide-Ranging Online Data for Epidemiologic Research database. The study focused on fatalities among Americans ages 15 to 74, where nitrous oxide poisoning was identified as the cause of death.

They found a mortality rate of 0.01 per 100,000 population in 2010, which climbed to 0.0622 per 100,000 by 2023.

While deaths showed a consistent upward trend, researchers noted a particularly sharp increase after 2016, when fatalities jumped from 120 to 149.

At that continued rate, we could be looking at a much larger problem,” Andrew Yockey, University of Mississippi assistant professor of public health and author of the research letter, stated in a press release.

“We have evidence that nitrous oxide poisoning is a very real danger, but this is very often ignored or trivialized,” said letter co-author Rachel Hoopsick, assistant professor of health and kinesiology at the University of Illinois. “Sellers of nitrous oxide rarely, if ever, provide health warnings. I think the public sees it as a party drug.”

The findings also highlight a growing public health concern related to the misuse of nitrous oxide, with researchers emphasizing the importance of increased awareness and prevention strategies to reduce these preventable deaths—especially as recreational use appears to be rising.

Researchers also noted that young people were the most common users of nitrous oxide, with eighth graders making up a large portion of those misusing inhalants.

Earlier this year, the U.S. Food and Drug Administration issued an advisory warning consumers not to inhale nitrous oxide products, which are not federally controlled, due to the potential for severe adverse health events if used recreationally.

Flying Under the Radar

Nitrous oxide is readily sold in canisters from smoke shops.

Researchers and addiction specialists point to concerning marketing practices that may target young people. Nitrous oxide products come in flavored varieties with names like bubblegum and mango. “There is no age limit, and this is available online and in gas stations across the country,” Yockey stated in another press release.

Townsend said homeless people with substance use disorders often use nitrous oxide because it’s inexpensive and easy to get.

Nitrous oxide is one of those substances that “flies under the radar” because it seems harmless, said Dr. Raj Dasgupta, quadruple-board certified in pulmonary, sleep, internal, and critical care medicine and chief medical advisor for Sleepopolis.

“This study highlights a problem that’s quietly gotten worse over the years,” Dasgupta said.

Serious Health Risks

Recreational use can deprive the brain of oxygen, leading to short-term effects like dizziness or unconsciousness and long-term issues like nerve damage or even paralysis. “There’s also a serious risk of addiction and mental health decline when use becomes habitual,” said Sarah Grado, chief programs officer at notMYkid, a nonprofit dedicated to helping youth overcome addiction challenges.

It is unclear how nitrous oxide causes side effects, but inhaling large amounts of it can cause asphyxiation, and heavy use can cause vitamin B12 deficiency over time, which can cause nervous system issues like lasting nerve damage or difficulty walking.

Inhaling large amounts of the gas in a short period can cause nitrous oxide poisoning, Grado said.

Symptoms of nitrous oxide overdose include seizures, psychosis, rapid heartbeat, and tightness in the chest.

Prolonged inhalation of nitrous oxide recreationally can also lead to weakness in the limbs, problems with bowel and bladder control, and psychiatric problems such as dissociation, delusions, hallucinations, paranoia, and depression.

Recreational nitrous oxide is unregulated and used without medical supervision, said Jessica Tate, chief clinical officer at Milton Recovery Center. In medical settings, the drug is mixed with oxygen, but recreational users often inhale it in its pure form, making it far more potent and dangerous.

Social Media Influence

According to the 2023 National Survey on Drug Use and Health, more than 13 million Americans have misused nitrous oxide in their lifetimes.

Social media exposure showing people using nitrous oxide is also driving increased use, according to Michele Bowers, clinical director and therapist at Sophros Recovery.

Think back to big tobacco; they deliberately targeted young people with cartoons, fun flavors, and flashy colors,” Hoopsick said. “That is a parallel we’re seeing now with nitrous oxide.”

Bowers noted that many health care providers lack sufficient training to recognize nitrous oxide abuse and often do not screen for it.

Tyler Durden Mon, 08/11/2025 - 14:45

Pages