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'We Outright Grabbed The Wallets': Bessent Boasts $1BN In Iran State Crypto Seized To Date
'We Outright Grabbed The Wallets': Bessent Boasts $1BN In Iran State Crypto Seized To Date
Washington's economic war on Iran and its 'shadow' banking network continues, as on Friday Treasury Secretary Scott Bessent announced the US has seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Trump's Operation Epic Fury.
The billion dollar figure represents the running total seized to date, building on prior milestones in the conflict, particularly a recent major April 2026 freeze of $344 million in USDT on the Tron blockchain. By close of April,...
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Feb 26, 2026 / William L. Anderson
We Act in a World of Uncertainty, Not Probabilities
Human action involves people engaging in unique events in which outcomes often are uncertain, when expertise and planning often do not give us the results we anticipate.
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Mar 7, 2026 / Tyler Durden
Companies Report Raging Inflation, Except In Wages & Rents
Companies Report Raging Inflation, Except In Wages & Rents
Authored by Wolf Richter via Wolf Street,
Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9%, according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region.
These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said.
Manufacturers and service firms both reported that the costs...
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Jul 12, 2026 / Tyler Durden
James Carville Has Major Freakout Over The Socialist Wing Of The Party
James Carville Has Major Freakout Over The Socialist Wing Of The Party
James Carville thinks Democrats are making the same mistake that helped elect Donald Trump in 2016 - and he says they're doing it all over again.
In a Politicon video posted Friday, the veteran Democratic strategist blasted the party's growing crop of Democratic socialist insurgents, arguing they're more interested in defeating fellow Democrats than Republicans and warning they'll hand the GOP more victories in the process.
He pointed to a string of primary defeats that have unseated sitting Democratic members...
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