Netanyahu Apologizes To Qatar For Doha Strike, At Trump's Direction Netanyahu Apologizes To Qatar For Doha Strike, At Trump's Direction During the early part of the meeting with President Trump for a full day of events at the White House on Monday, Israeli Prime Minister Benjamin Netanyahu has sought to make nice with Qatar, a crucial US military and regional Gulf ally. Five Hamas officials and a Qatari security guard died as a result of the September 9 attack on Doha. In the wake, there was immense controversy over how much the US knew ahead of time.  Netanyahu in the Monday phone call apologized to the Prime Minister of Qatar, Mohammed bin Abdulrahman bin Jassim Al Thani. They spoke for several minutes, according to Israel's Channel 12. image Importantly, President Trump himself was on the call, and so all of this seems the result of mediation by the US leader. Israeli media writes that "Netanyahu apologized for violating Qatari sovereignty in the strike. It says it is possible that Israel may pay compensation to the family of the guard." "The report says the apology is central to the current effort to finalize a deal to end the war in Gaza and secure the release of all hostages, since Qatar had been refusing to mediate negotiations with Hamas since the Israeli strike, which targeted but failed to kill several key Hamas leaders in Doha," https://www.timesofisrael.com/liveblog_entry/in-phone-call-from-white-house-netanyahu-apologizes-to-qatari-pm-over-doha-strike-report/ details. Trump wants to put this whole episode behind the US and Israel, amid suspicions from Arab officials that he 'greenlighted' the brazen Doha attack (a claimthe US rejects), for the sake of pushing his Gaza https://www.timesofisrael.com/liveblog_entry/in-phone-call-from-white-house-netanyahu-apologizes-to-qatari-pm-over-doha-strike-report/ : It further reports that Trump, in an earlier conversation with the emir of Qatar before Netanyahu arrived at the White House, said that he wants the leaders of all eight Arab and Muslim states with whom he met last week and to whom he presented the deal, to publicly support it even though he’s made changes to it that move it closer to Israel’s positions. President Donald J. Trump’s Comprehensive Plan to End the Gaza Conflict: 1. Gaza will be a deradicalized terror-free zone that does not pose a threat to its neighbors. 2. Gaza will be redeveloped for the benefit of the people of Gaza, who have suffered more than enough. 3. If… — Rapid Response 47 (@RapidResponse47) Netanyahu had faced some degree of internal intelligence opposition to pulling the trigger on the strike, which utilized long-range missiles launched from jets operating above the Red Sea. His own intelligence officials argued that this would effectively shut the door on any future negotiations with Hamas to get the hostages back. But Netanyahu is now demonstrating his 'shoot first, apologize later' approach - and Qatar will likely have to be satisfied with this, given it will fall under pressure by the US administration to do so. He just told FOX: "We weren't attacking Qatar anymore than the US was attacking Pakistan when it took out Bin Laden." Given past threats like the below, was the apology genuine?  ⚡️BREAKING Netanyahu threatens Qatar with more airstrikes: 'I say to Qatar and all the countries that harbor terrorists, either expel them or bring them to justice, because if you do not, we will do it' — Iran Observer (@IranObserver0) Qatar has long been a loyal oil and gas powerhouse to Washington, and has a significant lobby on Capitol Hill. Previously it was instrumental in the West's pursuit of regime change in Syria, after which Assad was toppled and al-Qaeda linked Jolani came to power. It will likely 'accept' Bibi's 'apology' and move on hosting major US military and intelligence assets on its soil. Mon, 09/29/2025 - 14:20
Rabobank: We Are Witnessing Complete Breakdown Of The Liberal Economic Order Rabobank: We Are Witnessing Complete Breakdown Of The Liberal Economic Order By Benjamin Picton, senior market strategist at Rabobank YOUNGSTOWN ON THE RUHR US equity markets rallied and short-end yields fell on Friday following a benign PCE price index report for the month of August. Both headline and core PCE printed in-line with expectations at 2.9% and 2.7% respectively, but month-on-month disinflation for both durable and non-durable goods saw core inflation fall on a monthly basis for a second straight month and perhaps calmed some market nerves over the impact of tariffs on inflation. image OIS futures now imply a further 44bps worth of cuts to the Fed Funds rate in 2025, compared to 39bps prior to the release of the PCE figures. Gold prices are rallying to new all-time-highs again and the VIX index had its biggest one-day fall in five weeks. Along with the encouraging inflation figures, personal incomes rose faster than expected and growth in personal spending accelerated from the prior month to rise by 0.6%. This dynamic perhaps underlines the upward revisions to the Q2 GDP growth figures released the previous day, where faster growth was mainly propelled by upgrades to personal consumption. Faster growth coinciding with relatively benign inflation creates an interesting setup as we run into jobs week. Initial jobless claims printed below consensus estimates for a second-straight week last Thursday, but recent payrolls data has seen the pace of hiring drop sharply and – as Fed Chair Powell pointed out last week – the pace of job creation seems to be running below the rate required to hold the unemployment rate steady at 4.3%. Powell has been saying that the risks to inflation are tilted to the upside while the risks to employment are tilted to the downside. In a word, what he is describing is stagflation, but the White House and newly-minted Fed Governor Stephen Miran disagree and see risks to growth and employment as far more pressing than upside risks to prices. Miran argued last week that the neutral Fed Funds rate has fallen to somewhere around 2.5% because of changes to net immigration patterns and fiscal policy. He says that if the Fed fails to cut interest rates it will fail to achieve its employment mandate. The University of Michigan consumer sentiment report released late last week provided some interesting perspective on economic pain points from households. Overall sentiment fell from a preliminary reading of 55.4 to 55.1. Current conditions and consumer expectations both softened, as did 1-year ahead and 5-10 year inflation expectations. The mean percentage of respondents expecting family income to exceed inflation rose slightly while sentiment surrounding employment fell. Overall, the message seems to be that consumers are concerned by inflation AND job prospects (so, stagflation), but more concerned about jobs than inflation. This week will be important for shoring up market judgements about where the balance of risks lays between the price stability mandate and the employment mandate. 2.7% inflation is quite a bit higher than the 2% target, but the Fed has already cut interest rates four times – including a 50bp cut in September last year. Does this suggest that – like the household sector – the FOMC is also more sensitive to labor market deterioration than they are to stubbornly high inflation? Of course, inflation missing the target by a few tenths of a percentage point might seem like small beer compared to the changes currently underway in geopolitics and geoeconomics. This Daily has been quite open for years that we see what is happening as a complete breakdown of the liberal economic order, because that order had failed to address compounding imbalances between and within economies that were always going reach a breaking point at some stage. It appears that the fraying of the social fabric in many Western countries is sufficiently advanced for that breaking point to have been reached, and we are now experiencing an abrupt shift towards mercantilist economics as advocated by political populists and, increasingly, by reluctant former liberal-centrists who now see this issue as existential for their own political survival. To illustrate, erstwhile free trade evangelists at the European Commission are https://public-eur.mkt.dynamics.com/api/orgs/285245b1-7c6f-ef11-a66d-000d3a4b6c6a/r/bKTHJeVQi0aqoyCnfQkAAAEAAAA?msdynmkt_target=%7B%22TargetUrl%22%3A%22https%253A%252F%252Fwww.euronews.com%252Fmy-europe%252F2025%252F09%252F24%252Feu-will-propose-tariffs-on-russian-oil-amid-growing-pressure-from-trump%22%2C%22RedirectOptions%22%3A%7B%225%22%3Anull%2C%221%22%3Anull%2C%222%22%3A%7B%22utm_medium%22%3A%22email%22%2C%22utm_term%22%3A%22N%2FA%22%2C%22utm_source%22%3A%22dynamics-rr%22%2C%22utm_content%22%3A%22Global%20Daily%3A%20Youngstown%20on%20the%20Ruhr%22%2C%22utm_campaign%22%3A%22SN%3A%20Global%20Daily%3A%20Youngstown%20on%20t%20e0fffb%22%7D%7D%7D&msdynmkt_digest=HxTB5hpHhx7GstCDcyhLVLXZ0cHT39iNQ%2FRQA3FAbXw%3D&msdynmkt_secretVersion=7bb221762d0c46939816d3a5592b1359 considering new tariffs to discourage Slovakia and Hungary from buying Russian energy and thereby funding the Russian war machine. Donald Trump called Europe out over those ongoing purchases at the UN last week and said that he was willing to impose tariffs of 50-100% on buyers of Russian energy if NATO allies were willing to do the same. This would effectively mean a common tariff against China who, along with (already tariffed) India is the major buyer of Russian energy. In a similar move, Handelsblatt https://public-eur.mkt.dynamics.com/api/orgs/285245b1-7c6f-ef11-a66d-000d3a4b6c6a/r/bKTHJeVQi0aqoyCnfQkAAAIAAAA?msdynmkt_target=%7B%22TargetUrl%22%3A%22https%253A%252F%252Fwww.handelsblatt.com%252Fmeinung%252Fmorningbriefing%252Fchina-importe-eu-plant-neue-zoelle-und-eine-quote-fuer-mietwagen-flotten%252F100158034.html%22%2C%22RedirectOptions%22%3A%7B%225%22%3Anull%2C%221%22%3Anull%2C%222%22%3A%7B%22utm_medium%22%3A%22email%22%2C%22utm_term%22%3A%22N%2FA%22%2C%22utm_source%22%3A%22dynamics-rr%22%2C%22utm_content%22%3A%22Global%20Daily%3A%20Youngstown%20on%20the%20Ruhr%22%2C%22utm_campaign%22%3A%22SN%3A%20Global%20Daily%3A%20Youngstown%20on%20t%20e0fffb%22%7D%7D%7D&msdynmkt_digest=GQbiQ%2BB0akC7g2UC1kAtlmHfAg295XlW7JTn1ftSb%2BY%3D&msdynmkt_secretVersion=7bb221762d0c46939816d3a5592b1359 that the EU plans to impose tariffs of 25-50% on Chinese steel and steel-related products within the next few weeks while simultaneously imposing local content rules for public contracts. This is not just protectionism, but economic statecraft that seeks to secure European interests vis-à-vis China, who – after having practiced mercantilist economics for decades – now produces more than half of the world’s steel output and has shown plenty of willingness to use supply chain dominance to coerce other economies (via rare earths, notably). Steel is seen as a strategic good where domestic production is critical for national security, but also critical for working class identity and economic security. Donald Trump articulated this bluntly when he said “if you don’t have steel, you don’t have a country”. Bruce Springsteen (not a Trump fan) articulated it more lyrically in ‘Youngstown’ when he sang: “Well my daddy come on the Ohio works, When he come home from world war two, Now the yards just scrap and rubble, He said, “Them big boys did what Hitler couldn’t do”, These mills they built the tanks and bombs, That won this country’s wars, We sent our sons to Korea and Vietnam, Now we’re wondering what they were dyin’ for.” Having obviously sensed the shifting geopolitical and geoeconomic winds, EU Industry Commissioner Stéphane Séjourné told Handelsblatt “Europe has no choice but to find a new balance... fewer trade barriers at home, with a single market that really works, [but also] protective measure to restore balance with partners who no longer respect any rules at all.” So, free trade within the bloc, but not outside of it. That sounds an awful lot like the old British Empire system of Imperial Preference, or the USMCA under an updated Monroe Doctrine... More in the 📄.pdf Mon, 09/29/2025 - 14:00
Obama-Era Mojave Desert Solar Plant Once Hailed As A Marvel Will Close As A Glowing Relic Obama-Era Mojave Desert Solar Plant Once Hailed As A Marvel Will Close As A Glowing Relic (emphasis ours), LOS ANGELES—It is a familiar sight for revelers traveling Interstate 15 from Southern California to Las Vegas: In the final stretches of the Californian Mojave Desert, just before the Nevada border, there is little else interrupting the vast, Martian expanse aside from a near-abandoned and this glittering relic of California’s renewable energy boom. image A little more than a decade ago, the Ivanpah Solar Electric Generating System opened to great fanfare, with a $1.6 billion loan guarantee from the U.S. Department of Energy (DOE)—part of the Obama administration’s . to install green energy production on public lands—and a promise to help California meet its increasingly ambitious decarbonization goals. At the time, it was the world’s largest solar plant, its nearly 4,000 acres covered in a blinding array of high-tech mirrors, arranged in supplication around three 450-foot towers. It nearly doubled the amount of solar thermal energy then produced in the United States, according to the DOE. Originally, the project had an estimated operational life of 50 years, according to the final 📄.pdf . Its two buyers, Southern California Edison and Pacific Gas and Electric Company (PG&E), had purchase agreements through 2039. Now, Edison has pulled out of its contract, and Ivanpah is set to close. The facility’s concentrating solar power (CSP) technology will likely be converted to a photovoltaic (PV) installation, a technology that experts say has outpaced CSP in terms of cost, efficiency, and versatility. ”To save money for our customers, Southern California Edison has agreed to stop buying electricity from the Ivanpah Solar Power Plant,” Jeff Monford, a spokesperson for the utility, told The Epoch Times. The decision, he said, has been an “ongoing negotiation among a few parties, including the owners of the plant and the Department of Energy.” For-profit utilities have reason to fear customer revolt over soaring electricity prices. California has the second-highest in the country, after Hawaii, and is approving more to compensate for fire safety, aging infrastructure, and demands on the grid. PG&E in January that it would opt for a buyout of its contract. Both Edison and PG&E have cited cost savings and the superiority of PVs as reasons for pulling out of the project. “Ivanpah was a landmark in renewable energy, but concentrated solar power can’t match today’s photovoltaic systems,” California Assemblyman Tom Lackey, a Republican who represents the area, told The Epoch Times. “Unfortunately, technology does age out, and while it’s disappointing to see the facility close, I’m committed to supporting the workers and hopeful that plans to upgrade the site to photovoltaic solar come to fruition so it remains a clean energy asset for our region.” In an email to The Epoch Times, California Energy Commission Chairman David Hochschild said the state remains on track to reach its 2045 decarbonization goals. “Last year, we added a record 7,000 [megawatts] of new clean energy capacity with solar being the largest share of that,“ Hochschild said. ”Solar PV is the lowest cost resource on the market today, which explains why it has been the fastest growing energy industry in the world. And in the United States, over 80 percent of new energy last year came from solar.” In 2010, when the plant’s construction began, California was still in the early phases of its Renewables Portfolio Standard program, initially established in 2002. It required that renewable resources provide 20 percent of the state’s electricity retail sales by 2017. Since then, progressive increases have brought the requirement to 60 percent by 2030 and 100 percent carbon freedom by 2045. At the time, both investors and utilities were jumping into developing technology, diversifying to see what stuck. Ivanpah’s CSP system uses hundreds of thousands of software-controlled mirrors that follow the sun and reflect it onto water-filled boilers atop three 450-foot towers. Sunlight heats the water and creates steam, which can then be piped into conventional turbines to generate electricity. The technology had worked on a smaller scale in Europe, PG&E stated in its January , and the early 2000s saw a surge of private investment in larger-scale CSP in the United States. “It’s not clear in the early stages what technologies will work best and be most affordable for customers,” said Don Howerton, PG&E’s senior director of commercial procurement. Ivanpah’s demise, according to him, is a normal outcome of the competitive evolution of technological development. Howerton pointed to the fact that PV and battery energy storage were once unaffordable at scale but now constitute a central part of the utility’s clean energy portfolio. But others say the writing was on the wall from the start. “It’s about 13 or 14 years too late,” Chris Clarke, executive director of the Desert Advocacy Media Network, told The Epoch Times, referring to the plant’s closure. “Intelligent observers and investors knew at the outset that photovoltaic was going to be cheaper when Ivanpah was getting approved. It was a doomed project from the start.” Before his current role, Clarke was environment editor at KCET TV in Los Angeles from 2011 to 2017, where he covered Ivanpah extensively. He pointed to European companies that had hoped to build with various solar technologies but went bankrupt because PV was already cheaper by the time Ivanpah was being proposed. “As an experiment, I think it was probably worth doing somewhere, but I would’ve picked somewhere else, because that was an incredibly biologically diverse habitat that it replaced,” Clarke said. Early boosterism heralded the “https://www.askiitians.com/iit-jee/article/top-10-electrical-engineering-marvels.html decrying the impact on endangered tortoises considered it “the emblem of harmful siting” in their growing battle against government-backed renewable energy development on public lands. The project was a bipartisan bête noir, dogged by criticism from both right and left. Critics penned scathing takedowns of the “https://www.aei.org/articles/californias-new-solar-plant-burning-up-taxpayer-money-land-and-wildlife/ .” In the planning process, critics accused those behind the project of engaging in a “bait-and-switch,” presenting the plant as a clean energy source when in fact it would function as a hybrid. But burning natural gas to supplement solar power to heat the boilers was part of the 📄.pdf , outlined in the Bureau of Land Management’s final environmental impact statement in July 2010. The plant went from emitting more than 46,000 metric tons of carbon dioxide in its first year to emitting 68,676 metric tons in 2015. This was a nearly 50 percent increase, and far more than the 25,000-metric-ton threshold at which California mandates that power plants and factories participate in its Cap-and-Trade Program. The threat to endangered tortoises, the plant’s proximity to a nature preserve, and https://www.aav.org/blogpost/1525799/492796/Solar-Energy-Production-s-Toll-on-Wild-Birds that the mirrors were incinerating thousands of birds each year added to the controversy. “Probably the longest lasting impact of construction of that plant, even after it’s decommissioned, even after it’s removed every last little scrap of rebar, was that old growth Mojave Desert habitat,” Clarke said. Casualties, he said, include 900-year-old yucca trees and 60 or 70 different species of woody shrubs, as well as tortoises and various other animals such as owls, rattlesnakes, and insects. “That was a habitat that will not grow back naturally because the climate is different than when it evolved,“ Clarke said. ”It just had immense ecological value. And that was removed for a project that, even if it had been wildly successful, would’ve had a 30-year shelf life. And you know, we’re at one-third of that now.” Then there is performance. According to a January https://www.aei.org/domestic-policy/energy-policy/the-ivanpah-solar-power-monstrosity-bites-the-taxpayers-again/#:~:text=And%20now%2C%20despite%20all%20the,no%20charge%20by%20the%20DoE. by the Free Enterprise Institute, a right-leaning think tank, the plant averaged about 702,322 megawatt-hours (MWh) of power annually from 2015 to 2023—substantially less than the 1 million MWh it was supposed to produce. In 2024, the plant’s three units generated a total 696,585 MWh, according to federal . Ivanpah’s downfall, according to some , was not the CSP technology itself, but its use of water. It is not as efficient at storing or transferring heat as newer versions of the technology are. According to the CSP industry network SolarPACES, Ivanpah was the last CSP plant to lack energy storage, without which it could not dispatch solar energy on demand. To compensate, it used fossil fuels. Ivanpah is a relic for more reasons than one. The era of renewable energy development on federal lands has come to a grinding halt. The Interior Department recently announced that it is ending preferential treatment for “unreliable, subsidy-dependent” wind and solar energy, and that all decisions will now undergo “elevated review.” The shift aligns with President Donald Trump’s energy dominance agenda and his July 7 executive order ending “market distorting” subsidies and “foreign-controlled” energy sources. On Sept. 24, the Trump administration announced that it was returning more than $13 billion in unobligated funds that had been appropriated to advance the previous administration’s “Green New Scam agenda.” NRG Energy, one of the project’s biggest investors and the Ivanpah plant’s operator, did not respond to questions about a timeline or costs for decommissioning the site. Neither NRG nor the DOE responded to questions about how much of the federal loans were recovered as both utilities finalized negotiations for terminating their power purchase agreements. Mon, 09/29/2025 - 13:40
Electronic Arts Confirms $55 Billion Go-Private LBO By Private Equity Giants Electronic Arts Confirms $55 Billion Go-Private LBO By Private Equity Giants  The Wall Street Journal's late Friday afternoon report, (LBO) ever, which would take Electronic Arts (EA) private by private-equity giants, was confirmed by the video game company on Monday morning. image Here is the deal overview for the gaming company that owns EA Sports FC, Madden, and The Sims:  Electronic Arts (NASDAQ: EA) entered into a definitive agreement to be acquired by a consortium of Saudi Arabia's PIF, Silver Lake, and Affinity Partners.  The transaction values EA at $55 billion enterprise value, the largest all-cash sponsor take-private in history. Shareholders will receive $210 per share in cash, a 25% premium to EA's last unaffected price ($168.32) and above its all-time high ($179.01). PIF will roll over its existing 9.9% stake into the deal. Financing & Structure Equity: $36 billion from PIF, Silver Lake, and Affinity Partners (capital from their own control). Debt: $20B fully committed by JPMorgan, with $18B expected to be drawn at close. Advisors: EA: Goldman Sachs (financial), Wachtell (legal) Consortium: J.P. Morgan (financial), Kirkland & Ellis (lead legal), with additional firms advising each partner. Timeline and Approvals Expected close: Q1 FY27 (pending regulatory and shareholder approval). EA stock will be delisted after closing. For Q2 FY26 earnings (Oct. 28, 2025) Notable quotes from EA leadership and PE firms: Andrew Wilson (EA CEO): Deal recognizes EA's creative teams and "will create transformative experiences to inspire generations to come. I am more energized than ever about the future we are building."  PIF: Partnership will "fuel innovation within the industry on a global scale."  Silver Lake: "This investment embodies Silver Lake's mission to partner with exceptional management teams at the highest quality companies. EA is a special company: a global leader in interactive entertainment, anchored by its premier sports franchise, with accelerating revenue growth and strong and scaling free cash flow."  Jared Kushner (Affinity Partners): "Electronic Arts ​is ​an ​extraordinary ​company with a ​world-class ​management ​team and a bold vision ​for ​the ​future. ​I've admired their ​ability to create iconic, lasting experiences, ​and ​as ​someone ​who ​grew up playing their ​games ​- and now enjoys them with his ​kids - I couldn't be ​more ​excited about ​what's ​ahead."  Here's what some of Wall Street's top desks are saying (courtesy of Bloomberg): Bloomberg Intelligence Electronic Arts' potential take-private deal "is priced at an 80% or more premium vs. multiples of global game makers," though it "looks fair compared with Take-Two, especially given EA's potential profit beats in 2026-27 and IP treasure trove" Citi (neutral) "We believe this offer likely puts a floor underneath EA but not a ceiling," although a competing bid is unlikely "If Battlefield 6 does particularly well, investors may seek a higher offer price" Benchmark Co. (buy, PT to $250 from $200) "While the bid highlights the strategic value of EA's portfolio, we view the timing as premature, effectively crystallizing value before the market can assess the potential of Battlefield 6 and the broader Battlefield cycle" Baird (outperform, PT $170) "A deal could make sense given the company's attractive FCF profile, and with likely opportunities to bring more efficiency to the organization and optimize the title slate" Baird suspects the board "would be open to a deal, and recognize other suitors could emerge (financial or strategic buyers), given the robust video game M&A environment, and with key EA titles FC and Battlefield now hitting the market" Jefferies (buy, PT $200) "We view PIF and Silver Lake as sensible buyers for an LBO of EA, but the ~20% takeout premium implied in the $50B deal is smaller than would be expected," although "we don't see any obvious alternative buyers given big tech companies will likely remain more focused on AI capex investments" In New York, shares extended gains from Friday, up another 5.5%, nearing the $210 level.  image . . .  Mon, 09/29/2025 - 13:20
Is The Fix Already In To Protect James Comey? Is The Fix Already In To Protect James Comey? The swamp never wastes time protecting its own, and James Comey is no exception. The disgraced former FBI director, who has finally been indicted for lying to Congress and obstructing a congressional proceeding, is already benefiting from the familiar playbook: put the right judge in place, create an appearance of fairness, and then quietly shield him from any real accountability. image   On Thursday, following the grand jury indictment, Comey’s case was “randomly” assigned to U.S. District Judge Michael Nachmanoff. In 2021, Joe Biden nominated Nachmanoff, and the Senate confirmed him to the federal bench with a razor-thin 52-46 vote, as three Senate Republicans — Lindsey Graham, Susan Collins, and Lisa Murkowski — crossed over to support his confirmation.   If you believe that selecting Nachmanoff to preside over this case was truly random, then you haven’t been paying attention. Washington’s so-called “random assignments” seem to have a funny way of putting the most Trump-hostile judges on politically charged cases. Take Judge James Boasberg, a Barack Obama appointee, who just happened to land multiple Trump-related cases. Every single time, Boasberg ruled in ways that stretched or outright ignored constitutional boundaries to work against Trump. Yet, somehow, we’re supposed to believe these assignments are pure chance. Sure. Judge Nachmanoff’s   doesn’t exactly inspire confidence either. Before becoming a magistrate judge for six years, he spent over a decade working as a federal public defender. That’s a career steeped in finding loopholes, bending rules, and negotiating ways to avoid accountability for defendants. He also defended al Qaeda member Zacarias Moussaoui. And now he’s tasked with presiding over perhaps the most politically sensitive case since the Trump-Russia debacle that Comey himself helped orchestrate. It has all the makings of yet another judicial performance meant not to obtain justice, but to wash Comey clean. Comey himself is projecting confidence, even smugness. After his indictment, he declared, “I’m not afraid,” clearly confident of his inevitable vindication. Of course he’s not afraid—why would he be? He knows exactly how the swamp game works: the very corrupt institutions that targeted Trump are now circling the wagons to protect him. Washington knows that convicting Comey would mean vindicating Trump’s long-standing claims of a deep-state sabotage. They’ll never allow that because it would expose years of abuse and corruption. Let’s not forget how deep the animosity runs. Comey’s feud with Trump dates back to 2017 when Trump fired him for insubordination and dishonesty. From there, Comey reinvented himself as the loudest of Trump’s critics, playing the role of “principled public servant” while running cover for the FBI’s disastrous handling of the 2016 campaign and the Russia hoax. I guess we should have seen this coming. The Washington swamp protects its own. James Comey presided over one of the darkest abuses of power in modern American politics, weaponizing the FBI against a duly elected president. Now, as he faces the charges he should have faced years ago, the establishment is already stacking the deck in his favor. The deep state isn’t afraid of justice—they’re afraid of accountability. And once again, it looks like the fix is in. The deep state’s tactics to save James Comey show the swamp never quits.  Mon, 09/29/2025 - 13:00
Marijuana Stocks Jump On Trump's "Revolutionize Senior Healthcare" Video Marijuana Stocks Jump On Trump's "Revolutionize Senior Healthcare" Video The largest marijuana ETF by market capitalization jumped in premarket trading after President Trump's Truth Social account https://truthsocial.com/@realDonaldTrump/posts/115283887618990920 an overnight informational video highlighting the health benefits of cannabidiol (CBD), an active ingredient in cannabis derived from the hemp plant, for seniors.  On Sunday evening, Trump's social media team published a video that began with bold text reading, "You can revolutionize senior healthcare."  The video highlights that CBD can "restore" the endocannabinoid system, touting benefits such as reduced pain, better sleep, and lower stress.  image "When the system is restored, disease progression can slow down and years are added to your life, as well as years spent in good health," the narrator claims, adding, "Doctors often prescribe dangerous and addictive pharmaceuticals."  "The system can be restored using hemp-derived CBD. When restored, pain subsides, sleep improves, and stress is reduced. Restoring the system may also slow disease progression - potentially adding years to your life," the narrator continued.  The video was first posted on Trump's Truth Social account.  New media post from Donald J. Trump — Trump Truth Social Posts On X (@TrumpTruthOnX) Earlier this month, the president confirmed his administration was considering reclassifying marijuana as a less dangerous drug.  "We're looking at reclassification and we'll make a determination over the next -- I would say over the next few weeks, and that determination hopefully will be the right one. It's very complicated subject," Trump told reporters at the time at a news conference in the White House briefing room.  The Wall Street Journal was the first to report that Trump was weighing rescheduling marijuana from a Schedule 1 drug to a Schedule 3 drug on Aug. 8.  News of the overnight video sent AdvisorShares Pure US Cannabis ETF (MSOS) soaring in premarket trading, up 21% on 1.5 million shares traded by 0745 ET.  image . . .  Mon, 09/29/2025 - 12:41
Welcome To The Age Of Perennial Crisis Welcome To The Age Of Perennial Crisis https://www.dlacalle.com/en/welcome-to-the-age-of-perennial-crisis The world is not going to see another crisis like the ones experienced in 2008 or 2011. No central bank or government is going to accept it. You may think the prospect is good news. However, the flip side is that this means secular stagnation and perennial crisis for wage earners and the middle class. There is a slow-motion eternal crisis that leaves the average citizen wondering why they cannot make ends meet, while governments boast about their economic stability. A crisis is only the manifestation of a previous excess. When governments prioritise prudent investments, healthy public accounts, and attractive taxes, crises end quickly, and the recovery is stronger. However, when governments claim to be the solution and mask economic imbalances with increased spending, debt, and taxes, they merely create a significant transfer of wealth from the private sector to themselves, resulting in persistent inflation, higher taxes, weaker productive growth, and lower real wages that burden taxpayers. Many commentators warn of an imminent 2008-style collapse or a debt crisis driven by the unsustainable fiscal situation of developed nations. It will not be like that. A sovereign debt bubble does not burst like a real estate one. It implodes via a vicious cycle of persistent inflation, stagnation and confiscatory taxes. A sovereign debt bubble explodes in your face and in your pocket, slowly but surely. The world has entered an era characterised by ever-rising public debt, aggressive fiscal interventions, and the permanent financial repression of savers and the middle class. This perennial crisis is very different from an abrupt crash. It is driven by the constant erosion of the purchasing power of fiat money, productivity, and living standards, fuelled by constant public debt expansion and policy responses that ignore any deleverage or structural reform to focus on more taxes on the productive sectors. Developed nations have exceeded all limits of indebtedness, and global central banks are avoiding sovereign debt while increasing their gold reserves. The economic limit: More government spending and public debt lead to lower growth and the impoverishment of citizens in net real terms. The fiscal limit: low interest rates combined with higher taxes lead to large deficits and increased interest expenses. The inflationary limit: More government spending means more units of currency in the system and persistent inflation. The French, British, Japanese, and US debt crises may be inevitable without serious spending cuts. As these debt crises unfold, the process of impoverishment becomes slow and painful, accompanied by a decline in the value of fiat money. In 2025, global debt has soared to a record $337.7 trillion, an all-time high of 324% of global GDP. The public sector is overwhelmingly leading this increase. France, the UK, and Japan, through years of ultra-low rates and misguided public stimulus, have disregarded the warning signs and dangers of uncontrolled spending and public debt, resulting in massive budget deficits and debt burdens approaching or surpassing 100% of GDP. France is the prime example of the dangers of letting governments take control of the economy. France has never implemented austerity measures; instead, government spending is excessive, and the tax wedge is harmful. Government debt surpasses 116% of GDP, with interest payments tripling from €26 billion in 2020 to €66 billion today. If high government spending and taxes were the tools to deliver growth and sustainable accounts, France would be leading the world’s economic growth. Instead, it is in secular stagnation. High taxes are not a tool to reduce debt but to justify it. In Britain, long-term borrowing costs have surged to levels not seen since 1998 due to the country’s poor growth, uncontrolled spending, and rising inflation that has been exacerbated by higher taxes. Japan, seen by some as the perfect Keynesian example of ever-rising debt with no risk, is no longer immune. With debt nearing 260% of GDP, yields on Japanese government bonds have risen to record highs and the prime minister announced that Japan’s situation was “worse than Greece”. Yields on developed nations’ 10-year notes have reached new highs. Credit markets no longer assign “convenience yields” to government debt as they once did; instead, borrowing costs are rising fast despite interest rate cuts, showing the risk of a solvency crisis despite easy money policies. The first ones to run away are central banks themselves. Global central banks, once the guaranteed buyers of sovereign bonds, are abandoning developed nations’ debt as a reserve asset, increasing gold purchases at a record pace. In 2025, central banks collectively bought more than 1000 metric tonnes of gold for a third consecutive year, bringing official reserves to over 36,000 tonnes globally. 95% of central banks expect to further increase gold reserves in the next 12 months, and for the first time in recent decades, their gold holdings surpass US Treasuries and euro area bonds as main reserve assets. The sovereign debt bubble is imploding, and it will be paid with a painful and slow process of years of financial repression and destruction of the middle class. Policymakers prefer chronic crisis management instead of risking a dramatic 2008-style crisis caused by defaults and rapid deleveraging. Central banks have abandoned their inflation fight to ensure the sovereign debt bubble is “dissolved” through financial repression: cutting interest rates, flooding the markets with liquidity, and tolerating persistent inflation. However, disguising the true scale of fiscal imbalances and rewarding fiscal irresponsibility at the expense of currency stability makes governments ignore all the warning signs and soldier on with irresponsible spending. The ongoing crisis will make wage earners poorer and create a dependent subclass incapable of saving or investing. Real interest rates will remain negative and money supply will rise faster than productive growth. We may not see an abrupt headline crisis. It will be slow and painful, because it is already happening. Furthermore, monetary madness and government spending that destroy the value of the currency will continue to drive asset prices and gold to rise in nominal terms. This is why market participants cheer the same policies that destroy the fabric of the economy: because they see asset prices soaring as the currency fades. The world faces a slow-motion destruction of currency purchasing power. Inflation remains a persistent threat, eroding wages and deposit savings. Resources divert from innovation to debt service and government bureaucracy, stalling productivity growth. Thus, the middle class suffers higher taxes and persistent inflation, losing disposable incomes and social mobility. This situation is not a result of government incompetence; rather, it is a deliberate strategy to create a dependent subclass that relies on government assistance due to the repression and elimination of financial freedom. The next time you request free services from the government, keep in mind that you will ultimately pay for them multiple times. Mon, 09/29/2025 - 12:20
Trump To Join Hegseth's Gathering Of Generals On "How We're Doing Militarily" Trump To Join Hegseth's Gathering Of Generals On "How We're Doing Militarily" Just a couple days ahead of Pentagon chief Pete Hegseth's planned major gather of hundreds of senior military officers near Washington on Tuesday, and President Trump has let it be known that he plans to be in attendance at the unusual confab. He told NBC News Sunday, "It’s really just a very nice meeting talking about how well we’re doing militarily, talking about being in great shape, talking about a lot of good, positive things. It’s just a good message." "We have some great people coming in and it’s just an ‘esprit de corps.’ You know the expression ‘esprit de corps’? That’s all it’s about. We’re talking about what we’re doing, what they’re doing, and how we’re doing," he . image While no official explanation has yet to be given for why some   one big "rally the troops" meeting. Speculation has abounded, but Trump's fresh words on maintaining proper military ethos while confirming that he plans to be there suggests Washington Post's is indeed accurate. However, there's been a high degree of controversy, given also that senior generals and admirals were not informed beforehand as to the content of the meeting, and official militar-wide messages related to discipline and standards are typically communicated via electronic messaging or secure teleconference. The surprise decision for Trump to be there also of course adds major security concerns, on top of an already unprecedented situation of hundreds of high-ranking officers are being flown in from around the world. MCB Quantico is about 30 minutes south of Washington D.C. - off I-35, and has several entrances and exits, and is home to significant government facilities like the FBI academy, the FBI lab, and HMX-1 Airbase. Washington Post earlier noted that key Trump policies may have met with some resistance among top military ranks, and that Hegseth may intend to read them the https://www.washingtonpost.com/national-security/2025/09/26/hegseth-generals-meeting-warrior-speech/ : "Critics have argued that his policies have often not seemed aligned with lethality — core initiatives have included removing transgender service members, ordering new shaving standards military-wide and rebranding the Defense Department as 'the Department of War,' complete with new seals and signage marking the entrance to his offices at the Pentagon," WaPo said. There have in the last months been some firings and reshufflings of top command posts by Hegseth, who dismissed Defense Intelligence Agency Director Lt. Gen. Jeffrey Kruse, Navy Reserve Chief Vice Adm. Nancy Lacore, and Naval Special Warfare Command head Rear Adm. Milton Sands. Was Trump not initially aware when it was first unveiled? Vance tries to do some damage control in an awkward moment... This is pretty damning and terrifying at the same time.. Trump had no clue Hegseth called for 800+ generals to meet in Quantico for undisclosed reasons; trump took a guess that it was a NATO meeting when it is just US top brass JD gaslights in an attempt to stop the blunder — Phil Heraz (@HerazPhil) The optics of the meeting will be interesting, and Hegseth plans to record and later make public his speech. There still remains the possibility that WaPo and CNN's reporting on it being about "warrior ethos" is flat wrong. Could this be war preparations in action? But things will soon become clear on Tuesday. Mon, 09/29/2025 - 12:00
Shutdown Odds Spike After House GOP Refuse To Bring Chamber Into Session: Report Shutdown Odds Spike After House GOP Refuse To Bring Chamber Into Session: Report Update (11450ET): It seems like everyone wants a shutdown this time. As Democrat leaders are being pressured by a coalition of federal unions to 'hold the line' and fight back against budget cuts to 'critical public services' even if it leads to a shutdown and mass layoffs, Republicans appear to have called their bluff ahead of a Sept. 1 deadline. image According to Punchbowl News' Jake Sherman, House Republicans on today's conference call indicated that House and Senate GOP leadership will have a joint news conference Wednesday morning - the day of the shutdown - and they won't bring the House back into session until next week.  House GOP leadership seems unlikely to bring the chamber into session at all this week - -shutdown week. — Jake Sherman (@JakeSherman) The White House, meanwhile, tells https://www.politico.com/live-updates/2025/09/29/congress/leavitt-democrats-reasonable-00584410  that President Trump will push congressional Democrats to back a House-passed stopgap bill during an Oval Office sitdown Monday, less than 48 hours before the shutdown.  "Let me be very clear about the president and the White House’s position: All we are asking for is a common-sense, clean funding resolution, a continuing resolution to keep the government open," Press Secretary Karoline Leavitt said during a Monday interview on Fox News. "The president is giving Democrat leadership one last chance to be reasonable, to come to the White House today to try to talk about this," she added. Yet, according to Sherman, and , a shutdown is in the cards.  image *  *  * (emphasis ours), Democratic and Republican congressional leaders are digging their heels in ahead of a critical meeting with President Donald Trump to avoid a potential government shutdown this week, each pinning the blame for any negotiations that fail tomorrow on the opposing party. Trump agreed to meet with Senate and House leaders of both parties on Sept. 29 to hopefully broker a deal to pass a continuing resolution to keep the government funded until a long-term spending bill can be passed. Democrats say that Republicans need to agree to extend certain tax <a href="http://www.theepochtimes.com/us/health-care-subsidies-a-sticking-point-in-shutdown-standoff-what-to-know-5920226" rel="nofollow">subsidies</a> for the Affordable Care Act Marketplace—also known as Obamacare—that were passed in 2021 as part of the American Rescue Plan and are set to expire at the end of the year. Republicans are countering by saying the tax subsidy discussion can occur after passing a continuing resolution to keep the government afloat in the short term, saying the Affordable Care Act is beset by “waste, fraud, and abuse.” A government shutdown is “totally up to the Democrats,” Senate Majority Leader John Thune (R-S.D.) told NBC’s “Meet the Press” on Sept. 27. “The ball is in their court,” he said. “So this decision, in my judgment, at this point in time, is up to a handful of Democrats. We need eight Democrats to pass it through the Senate, something that 13 times, when the Democrats had the majority over the last four years and President [Joe] Biden was in the White House, Republicans helped Democrats do.” He said the tax credits don’t expire until the end of the year and that Democrats need to “release the hostage” on refusing to approve the continuing resolution before having that conversation on health care. “That particular program is desperately in need of reform. It’s fraught with waste, fraud, and abuse, so we are going to have to have reforms if we take action there,” Thune said. “But I think there’s potentially a path forward.” Senate Minority Leader Chuck Schumer (D-N.Y.) said his coalition has been pushing for a meeting and “real negotiation” with Trump present, saying “we need the president as part of it.” “We need Speaker Johnson; let the four leaders and the president sit down,” he told NBC’s “Meet the Press” on Sept. 28, referring to House Speaker Mike Johnson (R-La.) and the meeting with Trump scheduled for 2 p.m. on Sept. 29. Schumer said the Democrats are focused on health care. “Rural hospitals are closing. People are going to get notices of $4,000-a-year increase in their premiums. So our job is to represent the people of America,” he said. “So far, they’ve stonewalled and said we’re not discussing any of that, and we'll see if it changes.” Johnson said Trump is always open to talks but wants to “operate in good faith, so he decided to bring us all in.” “He wants to talk with Chuck Schumer and Hakeem Jeffries and just try to convince them to follow common sense and do what’s right by the American people,” Johnson told CNN’s “State of the Union” on Sept. 28. “It’s important to point out the only thing we are trying to do is buy a little time.” House Minority Leader Hakeem Jeffries (D-N.Y.) said in a statement that negotiations would hinge on “find[ing] a path forward to actually fix the health care system that Republicans have broken for the good of everyone.” He was referring to the expiring tax credits and cuts to Medicaid included in Trump’s One Big Beautiful Bill Act earlier this year. Johnson called the statement “absolutely absurd.” “The [topic of] Obamacare subsidies is a policy debate that has to be determined by the end of the year, Dec. 31,” Johnson said. “Not right now, while we’re simply trying to keep the government open so we can have all these debates.” CNN’s Jake Tapper asked Johnson about health care experts who have said that Americans’ premiums could increase by as much as 75 percent—as early as October—if the Obamacare subsidies expire without extension, and pressed the House leader if he’s “worried at all that those people might blame Republicans for those health care costs, for the insurance costs going up.” “No, they’re not being truthful about that,” Johnson said. “The program doesn’t expire until the end of December, so we have time to have all those discussions and debates.” Lawrence Wilson contributed to this report. Mon, 09/29/2025 - 11:45
Case Closed! Obama CIA Boss John Brennan Clears Himself Of Any Wrongdoing Case Closed! Obama CIA Boss John Brennan Clears Himself Of Any Wrongdoing Authored by  , Embattled former  boasted on MSNBC over the weekend that he investigated himself and found no wrongdoing.  image Brennan made the claims on  The Weekend in response to legacy media reports falsely claiming that DNI Tulsi Gabbard may have hampered the criminal case against him after she revoked the security clearances of potential witnesses.  “I don’t see any case against me. I have looked back on all of my actions and decisions, and with John Durham, the special counsel, and others that have looked at what we did — they were certainly consistent with our legal authorities and with the law,” Brennan said.  His remarks quickly circulated online, with critics mocking him for seemingly acting as his own judge and jury. In a sarcastic X post that garnered more than one million views, popular page Western Lensman wrote, “Well, that settles it then.”  John Brennan says after a thorough review of his own actions, he’s concluded that “I just don’t see any case against me." Well, that settles it then. — Western Lensman (@WesternLensman) Another account replied that Brennan “literally became the meme,” sharing an image captioned: “We’ve investigated ourselves and found we did nothing wrong.”  A third page added, “‘After careful consideration and examination of the evidence and lack thereof, I hereby find myself… Not guilty.’” John Brennan literally did the meme. — Emergent Perspective (@_emergent_) Brennan’s comments come as he faces a criminal investigation into his role in promoting the debunked conspiracy theory that President Donald Trump colluded with Russia to win the 2016 election.  The probe was opened at the referral of current CIA Director John Ratcliffe, who found that Brennan may have lied to Congress about the origins of the 2016 investigation into Russian meddling and the role the Steele Dossier played.   Brennan had long insisted the dossier played only a minor role, but newly declassified documents showed otherwise.  Files previously reported by Headline USA suggest the Obama administration systematically bypassed procedures in a rushed effort to paint Trump as a Russian asset following his election. According to Gabbard, this was carried out at the direction of then-President Barack Obama.  Legacy media https://www.axios.com/2025/09/24/tulsi-gabbard-undermines-probe-trump-russia  that Gabbard’s actions may have stalled Brennan’s potential prosecution by making key witnesses less willing to participate. Those reports omit, however, that the DOJ can still compel their testimony through subpoenas.  Brennan himself acknowledged this during his MSNBC interview.  “Individuals who used to work in the government, even if their security clearances were revoked, they could be subpoenaed. They could be called to provide testimony in support of whatever allegations they have. I just – I don’t see a case there,” he stated. Mon, 09/29/2025 - 11:40