US Launches Airstrike in Northern Somalia as It Continues Record-Breaking Bombing Campaign

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.

Massive Mushroom Cloud 'Test' Blast Rattles Uninformed Residents Outside Jerusalem Late Saturday night, a massive explosion and a bright fireball illuminated the skies over Israel's Beit Shemesh, deeply rattling local residents and setting off rampant speculation in local media and online commentary.  The area lies just 19 miles west of Jerusalem, close enough to be located within Jerusalem District. Curiously, the state-owned Tomer rocket propulsion defense ministry-linked firm subsequently sought clarify that the blast was actually a controlled, pre-planned test and that authorities were notified in advance. However, community members have complained about receiving...

Race To Reopen Hormuz Intensifies As Global Supply Chain Stress Remains At COVID Levels The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely disrupted Monday morning, even as Iran and Oman reportedly moved closer to a deal. Brent crude futures traded near $85 a barrel as markets priced in the possibility that a deal to reopen the maritime chokepoint could be imminent. Yet global supply-chain stress remains near its highest level since the pandemic, and any normalization could take months, even if shipping traffic resumes. UBS...