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Massive Life Support
Massive Life Support
By Benjamin Picton, Senior Markets Strategist At Rabobank
Massive Live Support
“On massive life support” was Donald Trump’s characterization of the US-Iran ceasefire yesterday. This followed Sunday’s rejection of Iranian terms for peace that Trump described as “totally unacceptable”. In a boy-who-cried-wolf-style sign of growing market insensitivity to Presidential prognostications, Brent was only up 2.88% to $104.21/bbl and WTI crude remains below $100/bbl. Dated Brent rose by 0.6% yesterday to $105.62. This even as the Wall Street Journal reports that the UAE has been “secretly” carrying out attacks on...
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May 11, 2026 / Tyler Durden
California Mayor Indicted, Will Plead Guilty To Being CCP Agent
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In a significant development announced today by the U.S. Department of Justice, Arcadia, California Mayor Eileen Wang has been charged with one count of acting in the United States as an illegal agent of a foreign government - the People’s Republic of China (PRC). Wang, 58, has agreed to plead guilty to the felony, which carries a maximum sentence of 10 years in federal prison. She resigned from her position as mayor and Arcadia City Council member this afternoon following the...
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Apr 16, 2026 / Tyler Durden
Trump's Blockade Is Breaking Iran... And European Elites Are Angry
Trump's Blockade Is Breaking Iran... And European Elites Are Angry
Authored by Brandon Smith via Alt-Market.us
In March I published an article titled “Global Energy Crisis Or Iranian Surrender In Five Weeks?” in which I outlined the “worst case” and “best case” scenarios for the war in Iran. In my best case scenario I argued in favor of a specific plan to end the conflict quickly: A US naval blockade of the Strait of Hormuz, flipping the tables on Iran by blocking or seizing any oil tankers or gas tankers which...
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Jul 5, 2026 / Tyler Durden
First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires"
First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires"
Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax."
He makes it roughly a dozen paragraphs before explaining that it isn't one.
"The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a...
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