Pentagon Developing Options for ‘Final Blow’ in Iran War

Biden Sues To Block DOJ Release Of Audio Recordings From Biographer Interviews Authored by Aldgra Fredly via The Epoch Times, Former President Joe Biden filed a lawsuit on May 26 in a bid to block the Department of Justice (DOJ) from releasing audio recordings and transcripts of his private conversations with a biographer that were connected to a 2023 special counsel probe into his handling of classified records. The lawsuit, filed in the U.S. District Court for the District of Columbia, comes as the DOJ planned to release the materials to the...

While Subprime Auto Loans Default, Their Bonds Somehow Keep Performing America’s subprime auto market has become a fascinating example of how financial engineering can remain remarkably healthy even while the consumer sitting underneath it is getting progressively sicker, according to Bloomberg. Bloomberg recently dug through nearly 3 million auto loans originated by Exeter Finance, Santander, Carvana and GM Financial and subsequently stuffed into publicly traded asset backed securities between 2021 and 2023. What emerges from the data is a system built with enough interest, fees and collateral protection that borrowers can...

Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in U.S. monetary history. Instead, it was a monetary bait-and-switch.