Still The (Military) Base Case By Michael Every of Rabobank Hormuz traffic is climbing, but refined product prices are lagging, and crack spreads are blowing out: one can’t just look at the oil price to understand the overall energy dynamic. On the geopolitical front, things are also still mixed. Talks about the US-Iran MoU in Doha, without either side speaking to the other, went well according to the US, who are staying on […]

US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease With ‘hard data’ having deteriorated recently (except in the labor market), ‘soft’ survey data has been surprisingly strong (especially in the Manufacturing side of the economy). S&P Global’s US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected). ISM Manufacturing also dipped from 54.0 to […]

Zelensky’s Secret Police Being Looked At By Investigators For Monaco Bomb Attack The manhunt continues, chiefly focused in France or also nearby Italy, for the culprit who committed a Monday parcel bomb attack on an exiled Ukrainian oligarch and his family at their luxury apartment building in Monaco. The victims – Vadym Iermolaiev, his ‘partner’ (or wife, according to contradictory reports) and his 13-year-old child, all […]

Meanwhile In The UK, You Simply Will Not Believe This… Authored by Steve Watson via Modernity News, A convicted predator who helped destroy the lives of vulnerable girls as young as 13 is days away from freedom in Britain, while Pakistan refuses to take him and archaic rules shield him from removal. Shabir Ahmed’s case lays bare how legal technicalities, political cowardice, and a refusal to enforce borders have turned the […]

Preview And Watch Live: Kevin Warsh Speaks At Sintra ECB Forum Watch live here: Today’s main event takes place in Sintra, Portugal and the ECB’s annual symposium, where Warsh joins President Christine Lagarde and Bank of England Governor Andrew Bailey at 9 a.m. New York time.  Bloomberg Economics expects Warsh to strike a carefully balanced tone after signaling different messages to hawks and doves at the June FOMC meeting […]

Did META Just Expose The First Crack In the AI CapEx Boom? If you’re wondering why the Nasdaq is suddenly tumbling this morning, wonder no more… Nasdaq moves lower after Meta announces it is to build a cloud business to sell its excess AI compute, weighing on cloud peers like AMZN, ORCL, MSFT and chip and memory names like NVDA, MU, INTO. As Bloomberg reports: Meta, which has been rushing to secure expensive data centers and […]

Futures Fall To Start Now Quarter With Warsh Sintra Comments On Deck US equity futures point to a softer start to the third quarter as investors await a fresh batch of economic data and the first major overseas appearance by Fed Chair Kevin Warsh. As of 8:20am ET, S&P futures are down 0.2%, off session lows, while Nasdaq futures are down 0.6: techs lags following NDX’s 3.9% gain over the last 2 days; in premarket trading, […]

Trump Briefed On All-Out War Plans, Still Eyes Diplomacy, As Iran Reminds US: ‘Muzzle Your Pets In Tel Aviv’ President Trump started this week by claiming that Iran had “requested” direct talks in Qatar, but as of yet the ground reality in Doha is that Iranian officials have refused, leaving US representatives Steve Witkoff and Jared Kushner to just bide their time and deal with Qatari and Pakistani intermediaries. In this context […]

ADP Employment Report Shows 12th Straight Month Of Job Gains With jobless claims still hovering near multi-decade lows and Job Openings soaring, and despite near record low consumer sentiment (particularly about the labor market), ADP was expected to report another strong employment report this morning with the US economy adding 120k jobs. The actual print was a disappointing +98k, but still represented the 12th straight month of […]

Nike Turnaround Falters As UBS Says There’s “No Reason To Buy” Stock Nike shares fell 3% in premarket trading after the struggling athletic apparel giant warned on its earnings call that revenue declines over the next two quarters will be worse than previously expected, underscoring that there is still no immediate turnaround to halt a multi-year bear market that has driven the stock to decade lows. “We are not expecting the […]

Outgoing UK PM “Proud To Have The Gayest Parliament Of All Time Anywhere In The World” Authored by Steve Watson via Modernity News, As outgoing Kier Starmer prepares to depart amid cratering approval ratings and deep public disillusionment, his ‘Pride’ reception remarks this week reveal a leader more focused on cultural signalling than addressing Britain’s pressing crises. Starmer took to the stage at a Downing Street Pride […]

Container Ship Runs Aground In Hormuz Chokepoint Hormuz vessel traffic continues to flow, but at a sharply reduced pace compared to the previous week, as US-Iran technical talks resume in Doha without senior negotiators meeting face-to-face. Data research firm Kpler noted, “Hormuz traffic holds steady.”  Hormuz traffic holds steady The Strait of Hormuz remained open and active on 30 June, with 34 verified crossings recorded […]

The World Is Becoming Increasingly Divided By Fertility The world is becoming increasingly divided by fertility. One group of countries now has too few births to naturally replace its population, while another continues to see population growth driven by higher fertility rates. This demographic divide has major implications for aging populations, labor markets, immigration, and future economic growth. This map, via Visual […]

The US Should Exit The UN Authored by Wendy McElroy via The Brownstone Institute, The future of the United Nations (UN) is in play, largely because of its refusal to censure Iran—a member nation. In May, Secretary of State Marco Rubio reprimanded the UN: “If you’re telling me that the international community and hundreds of countries cannot rally behind that, then I don’t know what the utility of the UN system […]

Supreme Court Strikes Down Trump’s Birthright Citizenship Executive Order The Supreme Court on Tuesday struck down President Donald Trump’s executive order curbing birthright citizenship.  President Donald Trump signs an executive order in the Oval Office of the White House in Washington, D.C., on January 20, 2025. (Jim Watson/AFP/Getty Images) In a massive 194-page, 5-4 ruling, the Court affirmed a District Court ruling, […]

Kremlin Confirms Rare Talks To Import Gasoline Amid Drone Strike Mayhem Russia has confirmed its government is currently in negotiations with other countries to purchase gasoline while desperately seeking to stabilize its domestic market after months drone mayhem out of Ukraine. “Discussions are actively being held,” Kremlin spokesman Dmitry Peskov said at a press briefing Tuesday, though without specifying which countries. “If […]

Police Flee During Riots In The Hague After Morocco Knocks Netherlands Out Of World Cup Via Remix News, After Morocco knocked the Dutch national football team out of the World Cup, rioting broke out this morning in The Hague, with dramatic footage showing Dutch motorcycle police fleeing from Moroccan supporters. Police also deployed water cannons to control the crowd and at least a dozen people were reportedly arrested. The […]

Heat Mortality Surges In Europe Heat-related mortality in Europe has surged over the last couple of decades. As Statista’s Katharina Buchholz reports, according to the latest available data published by the Lancet Countdown 2025 Report, between 2012 and 2021, 5.5 people per 100,000 population died of heat-related causes per year on the continent. This is almost double the annual rate observed between 1992 and 2021. You will […]

Ukraine’s Desperate Propaganda Campaign While Russia Advances Along The Entire Front Authored by Larry Johnson via Sonar21.com Volodymyr Zelensky and his Western backers have launched a desperate 40-day “campaign of terrors” — which includes a mix of military escalations and a massive information/psyops operation designed to portray Russia as collapsing and Putin as facing an imminent uprising or coup. The goal is to force […]

These Countries Are Building The Most Small Modular Nuclear Reactors The U.S. is leading the world in small modular nuclear reactor (SMR) development with 28 siting announcements, as of 2026. This graphic, via Visual Capitalist’s Cody Good, in partnership with the National Public Utilities Council, shows which countries are building the most SMRs. The U.S. Leads Global SMR Development With 28 siting announcements, the U.S. […]

Will Denmark Really Ban The Islamic Call To Prayer? Via Remix News, Denmark’s government, led by the center-left Social Democrats, has once again announced plans to pursue a nationwide ban on the public broadcast of the Islamic call to prayer via loudspeakers. This now amounts to the third time the center-left government is trying to ban the call to prayer. Immigration and Integration Minister Morten Bødskov stated that the […]

Empire At 250: Can The Principles Of 1776 Survive The American Police State? Authored by John & Nisha Whitehead via The Rurtherford Institute, “The people are the only legitimate fountain of power.” – James Madison This is a year of strange anniversaries. Two hundred and fifty years ago, a band of revolutionaries declared their independence from a king. America’s founders rejected concentrated power. They […]

Trump Reports Over $1.4 Billion In Income From 2025 Crypto Earnings President Trump earned more than $1.4 billion from his family’s crypto-related ventures alone last year, according to a financial disclosure released Tuesday, including from his meme coin business and his family’s cryptocurrency firm. The 927-page filing, his annual disclosure for 2025 with ‌the US Office of Government Ethics, disclosed that Trump made $636 […]

Israel Tests Upgraded Laser-Guided Iron Dome System After Harsh ‘Lessons’ Of Iran War Israel’s famed Iron Dome air defense system has undergone a significant upgrade, and the country’s defense ministry is hailing new successful advanced tests, touting that it is now immensely better at countering aerial threats such as cruise missiles and drones. Israeli officials are tacitly admitting that a major overhaul was needed based on […]

Congress Confronts MKULTRA: Testimony Warns Of Ongoing CIA Mind Control Capabilities Authored by Steve Watson via Modernity News, The deep state’s favorite tools of control just got dragged back into the light. Today, the House Oversight Committee’s Task Force on the Declassification of Federal Secrets held the first congressional hearing on the CIA’s MKULTRA program since 1977. What could have been a dusty historical review […]