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US Navy Submarine Uses Torpedo To Sink Iranian Warship Off the Coast of Sri Lanka
A US submarine sank an Iranian warship with a torpedo in the Indian Ocean off the coast of Sri Lanka, marking an escalation and widening of the US-Israeli war against Iran. Secretary of War Pete Hegseth confirmed during a press briefing that the US sank the vessel. “Yesterday, in the Indian Ocean … an American […]
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May 21, 2026 / Tyler Durden
Foreign Treasury Selling Is Getting Serious
Foreign Treasury Selling Is Getting Serious
Submitted by QTR's Fringe Finance
We already knew that the bond market was starting to call bullshit on America’s fiscal and monetary policy. Now we know that foreign governments are dumping U.S. Treasuries, and China is leading the way…even while President Trump pals around with President Xi Jinping.
According to CNBC, foreign holdings of U.S. government debt fell sharply in March as central banks sold Treasuries to defend weakening currencies during the geopolitical and energy shock tied to the escalating Middle East conflict.
China reduced its Treasury holdings to roughly...
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Apr 21, 2026 / Wanjiru Njoya
Peaceful Nationalism as a Foundation for Economic Liberalism
Ludwig von Mises Mises argues in Nation, State, and Economy that nationalism is compatible with economic and political liberty if it is peaceful, based on self-determination as an individual right.
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May 30, 2026 / Tyler Durden
Green Retreat: California Eases Carbon-Market Costs For Oil Refiners
Green Retreat: California Eases Carbon-Market Costs For Oil Refiners
California's green-energy regime has hollowed out the state's refining and oil industry, leaving motorists paying the highest gasoline prices in the country. AAA data show the state gasoline average now north of $6 per gallon, compared with a national average of roughly $4.36 as of Saturday morning.
The result of political blowback in California over unaffordable gasoline and diesel prices at the pump is a retreat from left-wing climate policies that could offer relief to motorists, Bloomberg News reports.
On Friday, the California...
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