Biden: Cyberattacks Could Lead To “Real Shooting War” With A Major Power

Authored by Dave DeCamp via, The US is constantly accusing countries like Russia and China of carrying out cyberattacks, and comments from President Biden on Tuesday suggest he could use these claims as a pretext for military intervention. He warned that if Washington ended up in a “real shooting war with a major power,” […]

California One-Ups CDC With More Restrictive Mask Mandate

Not to be outdone by the federal government, the state of California and it’s top public health officials have decided to implement and even more restrictive indoor masking mandate than the CDC unveiled yesterday. The LA Times reports that California is urging everybody – whether fully vaccinated or not – to mask up indoors when […]

Ecuador Abruptly Revokes Julian Assange's Citizenship On Suspicions Of Fraud

Ecuador this week took the major step of revoking WikiLeaks founder Julian Assange’s citizenship at a moment he’s languishing in London’s high-security Belmarsh prison while awaiting further US extradition request legal proceedings. The Australian had initially received Ecuadorian citizenship in January 2018 as part of a failed bid of then-President Lenín Moreno, an avid supporter of […]

The Race Towards Full Vaccination

Scientists initially estimated that 60 to 70 percent of a population would have to acquire resistance to Covid-19 in order for herd immunity to take effect, a threshold that has been revised upwards since the start of the year with 80 to 85 percent quoted in some cases. Additionally, as Statista’s Niall McCarthy notes that […]

Whistleblowers Say They Were Told To Downplay COVID Outbreak At Biden Child Migrant Camp Operated By Servpro

Two additional whistleblowers have come forward, accusing federal contractors and senior federal employee managers at a Department of Health and Human Services migrant shelter in Fort Bliss, TX of mistreating children and telling them to downplay hundreds of COVID-19 infections among the children detained at the facility. “Covid was widespread among children and eventually spread […]

Uber Tumbles After SoftBank Dumps A Third Of Its Stake To Cover Didi Losses

Almost two years ago, before the world’s central banks coordinated to inject tens of trillions of liquidity into the financial system under the pretext of fighting a virus, we said that Masa Son’s Japanese bizarro conglomerate SoftBank will one day be the bubble era’s Short of the Century, and we still stand by this suggestion. […]

California Restaurant Requires “Proof Of Being UNvaccinated” For Service

A restaurant in Huntington Beach, California is requiring that patrons show proof they’re unvaccinated before they can receive service. “PROOF OF BEING UNVACCINATED REQUIRED,” reads a sign taped to the window at Basilico’s Pasta e Vino, according to NBC LA. “Our American way of life is under attack,” wrote owner Tony Roman in a statement […]

Canada Border Officers Vote To Strike, Warn Of Supply Chain Disruption

By Nate Tabak of FreightWaves, Thousands of Canada Border Services Agency personnel have overwhelmingly voted to authorize a strike – something that could throw a wrench into port, cross-border trucking, airfreight and international parcel operations.  The strike could happen as early as Aug. 6, the Public Service Alliance of Canada and its Customs and Immigration […]

Rabobank: It’s Kabuki Mask/On Time Again, Folks

By Michael Every of Rabobank Mask/On It’s kabuki time again, folks. First, re: China. Markets continue to be buffeted by regulatory actions, with even the likes of giant Tencent conflated with -10% (actually -8.9% on the day, -20.9% YTD). As I underlined yesterday, in order to guess where the sectoral crack-down goes next, one needs […]

Another Fed Balance Sheet Record; Where's The Exit Door?

Authored by Michael Maharrey via, For months, the markets have anticipated the Fed tightening monetary policy in order to take on rising inflation. At the June FOMC meeting, the central bank even hinted that it might start raising interest rates in 2023 instead of 2024, and the central bankers apparently talked about talking about tapering […]

New Hong Kong Legislation Would Punish Companies Complying With US Sanctions

China’s latest US sanctions countermeasures focusing on Hong Kong and Macau said to be under preparation look to be the furthest reaching in terms of outright barring any foreign entity that complies with Washington. The new laws for Hong Kong and Macau would proactively prevent foreign entities and individuals from complying with US-led sanctions by […]

FOMC Preview: Tapering The Tapering Talk As Fed Punts To September

Summary: as Newsquawk recaps, summarizing the broad sellside consensus going into today’s FOMC meeting, there is still not enough information for the Fed to cast judgement on whether the ‘substantial further progress’ threshold for pivoting towards tighter policy has been met. Indeed, the Fed is unlikely to get clarity on these questions until later this […]

'Bipartisan' Coalition Reach Agreement On $1.2 Trillion Infrastructure Bill

A ‘bipartisan’ group of Senators on Wednesday have finally reached a deal on a $1.2 trillion “hard” infrastructure package, following ‘weeks of long nights and endless Zoom calls,’ according to Axios. “We now have an agreement on the major issues,” said Sen. Rob Portman (R-OH), lead GOP negotiator for a group of Republicans which includes […]

Dr. Fauci Insists CDC “Didn't Flip Flop” As He Tries To Shift Focus To Children

Just hours after CDC Director Rochelle Walensky unveiled the agency’s new indoor mask mandate, Dr. Anthony Fauci was dispatched to MSNBC, his favorite network, to push the Biden Administration’s narrative for reversing course and tightening federal restrictions despite repeated promises not to. He also tried to shift the focus to the risk to children, who […]

Corn Belt At Risk For 'Damaging Derecho' Storms

A derecho, otherwise known as a widespread, long-lived, straight-line wind storm, is expected to traverse parts of the Midwest Wednesday night and early Thursday, according to The Weather Channel.  Derechos can cause hurricane-force winds, tornadoes, torrential rains, and flash floods. This one could wreak havoc in the areas shaded in purple below.  What’s important to note […]

Authoritarians Drunk On Power: It Is Time To Recalibrate The Government

Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “The executive power in our government is not the only, perhaps not even the principal, object of my solicitude. The tyranny of the legislature is really the danger most to be feared, and will continue to be so for many years to come. […]

Labelling Anti-Lockdown Protestors “Anarchists” Is Wrong: Law Professor

Authored by Daniel Teng via The Epoch Times, One law professor says describing protestors as “anarchists” is incorrect, and instead, the thousands-strong rallies on the weekend was a “reminder” to political leaders that they were accountable to the public, not just health officials. On July 24, thousands of people took the streets of Sydney and […]

Two-Thirds Of Indians Have Been Exposed To COVID-19

The Indian Council of Medical Research (ICMR) has released the results of its fourth seroprevalence study which was conducted across 21 states in June and July with 36,227 people participating, including 7,252 healthcare workers. It found that 67.6 percent of people over six years of age, some two-thirds of India’s population, have Sars-CoV-2 antibodies. However, as Statista’s […]

Border Patrol Apprehends 20,000 Illegal Aliens In 1 Week In Busiest Sector

Authored by Charlotte Cuthbertson via The Epoch Times, South Texas’s Rio Grande Valley has been the busiest border sector for illegal alien crossings for years. But last week a sudden spike in numbers saw Border Patrol apprehend more than 20,000 illegal immigrants in one week. “It’s the hottest part of the summer and apprehensions are […]

France Lashes Out At Iran – “Risks Jeopardizing” Stalled Nuclear Talks

Despite recently being seen as among the most supportive JCPOA signatories who want to see a completed nuclear deal, France is now accusing Iran of needlessly dragging out indirect negotiations with the US in Vienna. The talks have remained stalled ahead of the seventh round of talks, which the Iranian side said would resume after Iran’s […]

Here Comes China's “National Team” To Bailout Markets

Earlier today we said that with Chinese stocks suffering historic losses, HK’s tech sector imploding.. … and liquidation fears spreading to other, more serious products such as bonds and FX, it was only a matter of time before China’s “National Team”, i.e., the local plunge protection team, came out in full force to preserve confidence […]

Obama-Era Drone Program Whistleblower Given Stiff Prison Sentence Under Biden DOJ

A former Air Force intelligence analyst turned whistleblower who leaked America’s drone secrets to the press was sentenced to 45 months behind bars in an Alexandria, VA federal court on Tuesday. 33-year old Daniel Hale is now widely understood to be the leaker of classified info to Intercept journalist Jeremy Scahill, who wrote a series of reports on […]

The Tech Bubble Finally Burst… In China

As Deutsche credit strategist Jim Reid reminds clients this morning, looking back at his list of biggest risks for 2021 at the very top was the (low) probability that the tech bubble – far bigger today than it ever was during the dot com frenzy – would finally burst. Well, as Reid writes, “it seems […]

Federal Reserve Folly

Authored by John Mauldin via, Great news: The US economy is officially out of recession. We know this because the National Bureau of Economic Research’s official recession-calling committee said so this week. The economy has been in an expansion phase since last April, making this the shortest recession on record at only two months. The NBER […]

Bezos' Blue Origin To NASA: We'll Pay To Build You A Lunar-Lander

Authored by John Sexton via, Earlier this month Jeff Bezos flew about 66 miles up on his Blue Origin New Shepard launch vehicle. Today, Bezos is making a play for the next step in Blue Origin’s development. He’s asking NASA to reconsider it’s decision to award SpaceX the sole contract to bring astronauts back […]

US-China Tianjin Talks “Stopped Short Of Actually Negotiating Anything”

The general consensus in the aftermath of Monday’s high level diplomatic meeting between US officials led by Deputy Secretary of State Wendy Sherman with the Chinese delegation led by Vice Foreign Minister Xie Feng in the northern Chines port city of Tianjin is that the only ‘positive’ outcome is that the hostilities weren’t on as open a […]

The Creator Of The Bond VIX Pens An Open Letter To The Fed

Submitted by Harley Bassman, creator of the bond VIX and author of the Convexity Maven blog Open Letter To The Fed (pdf link) In 1986 Herbert Stein, a University of Chicago economist and onetime Chairman of the President’s Council of Economic Advisors, modestly proposed Stein’s Law: “If something cannot go on forever, it will stop.” […]

Escobar: China's BRI Battles The 'New Quad' For Afghanistan's Coming Boom

Authored by Pepe Escobar via The Asia Times, The race is already on to build and extend Afghanistan’s shattered infrastructure as rival powers advance competing initiatives… Afghan security forces deployed and start operations against Taliban around Torkham border point between Afghanistan and Pakistan in Nangarhar province, Afghanistan on July 23, 2021. Photo: AFP via Anadolu […]

Goldman Applies For Blockchain And DeFi ETF

Just days after we learned that Goldman is quietly clearing and settling cryptocurrency exchange-traded products for some hedge fund clients in Europe, on Monday the bank which has been increasingly ramping up its exposure to crypto currencies in recent months, filed an application with the SEC for a crypto ETF, and not just any ETF […]

Here's Why the New COVID Relief Program Will Turn The Working Class Into Serfs…

Authored by Chris Macintosh via, “This work was strictly voluntary, but any animal that absented himself from it would have his rations reduced by half.” George Orwell, Animal Farm Everything is now political. ESG, climate change, racism, gender, vaccines. Ask yourself why is it that  all of these things are non-negotiable? Why can’t they […]

59 Million Americans Prohibited From Buying High-End Dell Gaming PCs

Approximately 59 million Americans spanning five states can’t buy Dell’s high-end Alienware brand desktop PCs “due to power consumption regulations.” When one goes to the Dell Alienware online configurator to buy an Aurora R12 gaming desktop, a special notice appears which reads: This product cannot be shipped to the states of California, Colorado, Hawaii, Oregon, […]

Record Coral Cover Of Great Barrier Reef Shames Climate Alarmists, Media

Authored by Peter Ridd via, The annual data on coral cover for the Great Barrier Reef, produced by the Australian Institute of Marine Science, was released on Monday showing the amount of coral on the reef is at record high levels. Record high, despite all the doom stories by our reef science and management […]

Afghan Civilian Casualties Hit Record High Amid Rapid Taliban Gains

A United Nations monitor issued figures on Monday showing that civilian casualties in Afghanistan have soared over the period the United States began rapidly withdrawing forces ahead of Biden’s declared full exit, which is to be accomplished before the symbolic date of September 11.  Civilian casualties in the war-torn country hit record highs for the […]