Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

In his State of the Union address, President Trump declared that America is entering a “Golden Age.” Golden for whom? For a president who lives lavishly in a taxpayer-funded mansion, jets around to weekend golf getaways at taxpayer expense, and dismisses concerns about “affordability” as fake news, life might indeed be gilded. For the rest of […]

Preparation For Martial Law? Europe To Recruit Migrants For "National Defense" Europe's lack of military readiness has become painfully obvious in recent years, due largely to the war in Ukraine as well as the Trump Administration's efforts to force NATO members to fulfill their basic obligations.  Specifically, Russia's successful use of attrition tactics against NATO supported forces in Ukraine has exposed a significant weakness in western military doctrine. New and cheap technologies (including drone technologies) are making large scale maneuver warfare obsolete.  The era of super-weapons dominating the battlefield with minimal manpower...

Yen Tumbles After Japan's PM Voices Concerns About Further Rate Hikes To BOJ The yen was already sliding on Monday after Nikkei Asia reported that the sharp swing we saw in USDJPY in January was initiated by FX intervention from US Treasury Secretary Bessent not Tokyo, even if Washington, D.C. is open to coordinated forex moves if requested by Japan. FX traders took this as evidence that, contrary to previous conventional wisdom, Japanese authorities were prepared to allow the USDJPY to continue climbing on Jan. 23 and it was only...