Biden versus Bastiat

On February 28th, President Trump bypassed Congress and started the biggest war perhaps since Vietnam against an Iran that had neither attacked nor threatened the United States. Censorship and propaganda have converged to deliver the false narrative that this will be another “Venezuela” in and out operation. But the numbers do not support the thesis. […]

"...The Entire Internet Has Doomer Fatigue" Authored by James Howard Kunstler, "I can tell the entire internet has doomer fatigue." - Catturd on X The mysterious financial repo markets - which practically no one outside of banking understands (and even some banking insiders don't) - started showing some signs of stress recently (forward rates spiking: 1Y1Y SOFR has risen nearly 50 bps in two weeks, signaling growing concern among dealers and investors about future funding costs); though not near the level they did in September 2019, just before You-Know-What sucker-punched the world with...

The US Has Restarted Jungle Warfare In Panama After 25 Years For the first time in roughly 25 years, the US has restarted jungle warfare training in Panama, signaling a broader return of American military activity in Latin America, according to a new Bloomberg feature. At a rainforest training center near Colón, US troops practice survival techniques, patrol operations, casualty evacuations, and combat drills with Panamanian forces. The environment is intentionally unforgiving—thick jungle, venomous snakes, relentless insects—and soldiers often depend on machetes to move through dense terrain. One Panamanian instructor mocked...