What Have You Learned In The Last 6 Hard Years?

Authored by Jeffrey Tucker via The Epoch Times,

The last six years have been a time of astonishing revelation about many features of public life that had been previously hidden.

I’m not just speaking of the Epstein files though they are part of it.

We’ve all seen and experienced things over these years that (at least to me) would have been nearly inconceivable before. It’s shaken us and forced people to recalibrate their understanding of the world.

If you have changed your mind on some important matters, congratulations? That’s a sign of humility, curiosity, adaptability, and adherence to facts over bias. This is a virtue. People who report no change are either omniscient, which is doubtful, not paying attention, or just too doggedly attached to prior views that nothing can unsettled them.

I have a huge archive of my own writings over decades and I look through sometimes just to test how and to what extent my own outlook has shifted. Indeed it has. There is value in my old books and articles but reading them now, I detect a kind of naivete, a simplicity in theory and understanding. I don’t think it is just maturing here. There is more going on.

Below I list some of the issues on which our times have introduced depth and complexity that defy conventional ideological categories.

I suspect you might have undertaken a similar journey yourself but likely with different starting points and different conclusions. We all process this new transparency in different ways. I can only chronicle my own, which I’ve summarized in ten points.

1. We were introduced to a new conception of what government is in real life.

Perhaps we once thought of government as the people we elect. That’s supposed to be how it works. As it turns out, gradually over a century and a bit more, an unelected bureaucracy has come to take power. It runs circles around the elected representatives of the people. It has deep links throughout society. The administrative state also has the institutional knowledge and holds on for dear life from the turning of one leader to another.

The U.S. Constitution says that the president is head of the executive branch. Trump has attempted to control its 444 agencies but has been stopped by a flurry of lawsuits. As it turns out, the machinery of state is impervious to elected leaders and designed to be exactly that. The same is true of Congress, which has its own staff that migrates and lasts through every political turning. This is not democracy. This is an entrenched and unelected oligarchy. It needs to change, lest the people be disenfranchised forever.

2. We newly understand what industry capture means.

In the past, it’s not been entirely clear how agency government works with industry. Two views have prevailed: agencies existed in an antagonistic relationship to business in ways that harm enterprise, or agencies work to protect the people against the depredations of corporations. Now that we’ve had a closer look, we see a more symbiotic relationship between large and powerful corporations and the agencies that are supposed to control them. We see this in agriculture, pharmaceuticals, education, technology, and munitions. This problem is pervasive.

3. Academia, as it turns out, is not the bee’s knees.

University intellectuals have long been valorized as the best and the brightest, the institutions guarding an independent version of truth that rises above the exigencies of the mutating public mind. But think about the major controversies of our time that academia has in general done little to nothing to resolve and much to promote: transgender issues, woke ideology, lockdowns for infectious disease, censorship, welfare corruption, the integrity of science, the problem of citizenship, and on and on. Academia in general has given off the appearance of aloofness to it all or merely being a participant in sketchy financial dealings. Think of it: when Trump started cutting the funding of elite universities, there was no real outcry at all. This is because academia has lost its once-high status in American life.

4. Big Media mostly is hopelessly partisan.

There was a time when we might have believed that the watchdog media was the essential bulwark to stand between the citizens and political power, holding elected leaders to account. This old view has been proven unsustainable in light of the last decade in which its blatant partnership has been unbearably obvious. The war on Trump that began in 2016 led inexorably to a complete takeover of the newsroom which then diminished trust in media, which is at historic lows. What’s more, we’ve learned that the biggest media players also operate in a cooperative relationship with state priorities, much more so than we knew before.

5. Big business partners with big government.

There was a reason why during the recent respiratory pandemic that your local small businesses were closed whereas the big-box stores were open. There is a reason why when the opening started happening, capacity restrictions hit small coffee shops but large eat-in restaurants thrived. It’s because of their pull in Washington and state houses. The big guys have political pull whereas the small guys do not. The big guys deploy the power of government to hurt the competition. Is this how it works? Maybe I knew this abstractly but seeing it all unfold in real time was remarkable.

6. The science is skewed at best.

Like you, I used to think that peer-reviewed publications in prestigious journals were likely approximating some truth. Then I watched as these same journals and publications ran articles that were obviously manipulated, false, and some just completely made up to fit with a prevailing political agenda. Once we found out that these venues are funded by the very industries they cover, it started to make sense. Now most of us have come to doubt the truth of much if not most of what they publish. This is supposed to be the age of science and yet we cannot presume to trust what appears under the name science.

7. Courage is scarce.

I once believed that when people thought the right things—freedom matters, humans have rights, we should follow laws, censorship is wrong, bureaucrats should not rule outside their realm of competence—that we have won most of the battle. What I did not understand entirely is that the courage to act on convictions is far more rare than convictions themselves. Indeed, without the courage to stand up for truth at some risk to reputation and financial well-being, it’s not clear that one’s convictions matter much. Not only that, such courage is exceedingly rare. Most people can be cowed by fear of the unknown. I did not know this.

8. The left and right are fuzzy concepts.

We all used to think we understood what was right and what was left, as if they are fixed categories. Same with the word libertarian: we thought we could predict views and actions based on those labels. I no longer believe that. I’m now allied with people schooled on the left in ways I never imagined possible, and with others on the right who I once seriously doubted. Nor do these words seem to mean much now that the left seems to push things that make zero sense according to their previous principles, and the right has warmed up to topics that were only of interest to the left. In general I’m glad for this but I’m waiting for all of it to settle in some ways that it is not now.

9. Food matters as much as medicine.

I once believed that concern over chemicals in food and large-scale industrial agriculture was wildly overwrought. But after discovering the problems in the medical world and Big Tech, it seemed obvious to consider the ways in which government intervention in agriculture is also creating cartels and distortions. Put that together with genuine concerns over health and you see the problem that has been highlighted by Robert F. Kennedy, Jr. This issue that I had completely dismissed ten years ago is now front and center in my thinking, along with a passion to see the restoration of small regenerative agriculture.

10. You can make a difference.

Here is what has shocked me most. I’m now connected with a large group of Americans who are deeply concerned for the future of freedom in every sector: education, medical, agriculture, technology, and citizenship rights including voting integrity. I’ve seen this movement blossom from nearly non-existent to becoming enormously powerful and influential, not only in the United States but all over the world. Things are changing today and not because the establishment wants it that way. Things are changing because people are learning, gathering, acting, and insisting on change. This inspires me to no end. We need more of this in every area of life.

Tyler Durden Sat, 02/21/2026 - 11:40

If 'Cash Is King', Berkshire Hathaway Leads The World

The cash that companies hold is important for paying employees, funding operations, and as a measure of financial health.

This chart, via Visual Capitalist's Boyan Girginov, shows the 50 companies with the largest cash holdings, using data from TradingView to highlight who is sitting on the largest war chests.

This metric captures a company’s most liquid assets: cash plus short-term securities like T-bills that typically mature within a year.

Which Companies Hold the Most Cash?

Berkshire Hathaway leads the rankings with an impressive $382 billion.

The data table below shows the top 50 companies worldwide with the largest cash and short-term securities holdings:

Source: TradingView | Cash and Short-Term Investments | as of Feb 11, 2026

Following Berkshire are CITIC—a Chinese state-backed financial conglomerate—and Daiwa Securities Group, one of Japan’s biggest financial brokerages.

Big Tech rounds out the top five, with Alphabet holding $127 billion and Amazon holding $126 billion.

Why Buffett Holds So Much Cash

Among the top 50 companies, the Financials sector collectively holds the largest cash reserves at $1.2 trillion—partially driven by strict capital rules requiring banks to maintain large liquid buffers.

Berkshire Hathaway is different: its cash position is strategic, not regulatory.

After 12 straight quarters as a net seller of stocks, Buffett and the team have parked much of the company’s liquidity in short-term U.S. Treasury bills, implying that equity valuations look expensive.

The Oracle’s cash and cash equivalents as a percentage of total assets is at an all-time high—roughly 31% of total assets.

Historically, this has coincided with periods when he waits for a major economic or market dislocation before deploying capital as prices begin to mean-revert—quietly accumulating dry powder in the meantime.

Why Big Tech Holds So Much Cash

The Magnificent Seven: Alphabet, Amazon, Meta, Microsoft, Apple, Nvidia and Tesla collectively hold $597 billion—enough to buy most S&P 500 companies.

Traditionally, Big Tech companies are massive cash machines: high gross margins and scalable cost structures mean incremental revenue converts into cash quickly.

Despite spending heavily to build AI factories, they’ve used little of their cash reserves to finance them—opting instead for debt.

They hold large cash stockpiles both to fund acquisitions and guard against potential economic turmoil, such as threats from tariffs or geopolitical conflicts.

To learn more about the world’s largest companies, check out this graphic on Voronoi.

Tyler Durden Sat, 02/21/2026 - 11:05

9 Tips To Cut Your 2025 Tax Bill And File Smoothly Under New Rules

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

With tax season underway and the April 15 filing deadline approaching, taxpayers are being encouraged to review new changes introduced by the One Big Beautiful Bill Act to help minimize their tax bills and avoid filing delays.

The IRS in Washington. Madalina Kilroy/The Epoch Times

The law, signed in July 2025, made several permanent revisions to the tax code. It also created a series of temporary deductions and expanded limits—many of which expire after 2028 or 2029 and come with strict income phaseouts.

The IRS has urged taxpayers to review the new provisions carefully and use online tools at IRS.gov to help ensure smooth processing.

Here are nine strategies to consider.

1. Revisit Itemizing Under the Higher SALT Cap

The One Big Beautiful Bill Act (OBBBA) temporarily increased the state and local tax (SALT) deduction cap from $10,000 to $40,000 for both single filers and married couples filing jointly.

For 2025, the standard deduction is $15,750 for singles, $31,500 for married couples, and $23,625 for heads of household.

Taxpayers whose total itemized deductions—including mortgage interest, charitable contributions, and state and local taxes—exceed those amounts may benefit from itemizing.

However, the expanded SALT cap begins phasing out at $500,000 in modified adjusted gross income (MAGI) and returns to $10,000 once MAGI reaches $600,000.

Because many benefits phase out at specific income levels, reviewing your projected MAGI before making major financial moves—such as selling investments or doing a Roth conversion—can help protect valuable deductions.

While most of your 2025 income is already set by filing season, certain contributions made before the April deadline, such as individual retirement account or health savings account funding, can still lower taxable income and help preserve income-sensitive tax breaks.

2. Calculate the Overtime Deduction Carefully

The law introduced a temporary deduction for qualified overtime compensation, capped at $25,000 for married couples and $12,500 for singles.

Only the additional “half-time” portion of time-and-a-half pay qualifies—not the full overtime rate.

The deduction begins phasing out at $300,000 in MAGI for joint filers and disappears entirely at $550,000.

Taxpayers should confirm that their W-2 accurately reflects overtime earnings before claiming the deduction.

3. Make Sure Tip Income Is Properly Reported

The qualified tip income deduction allows up to $25,000 in reported tip income per return.

Only tips formally reported on a W-2 or 1099 qualify. Unreported cash tips cannot be deducted.

The IRS has reminded taxpayers that they are responsible for all information reported on their return, even if a preparer completes it. Incorrect or mismatched income reporting may delay processing.

The tip deduction phases out beginning at $150,000 in MAGI for singles and $300,000 for married couples.

4. Confirm Eligibility for Auto Loan Interest Deduction

Taxpayers who purchased a new personal-use vehicle in 2025 may be able to deduct up to $10,000 in interest paid on a qualifying auto loan.

The vehicle must have final assembly in the United States, and leased vehicles do not qualify.

The deduction phases out beginning at $100,000 in MAGI for singles and $200,000 for married couples.

The IRS notes that lenders must provide taxpayers with statements showing the total interest paid during the year—and retaining that documentation is essential when claiming the deduction.

5. Seniors Should Watch Income Limits Closely

Taxpayers age 65 or older may qualify for a temporary senior deduction of up to $12,000 for married couples and $6,000 for singles.

The benefit begins phasing out at $150,000 in MAGI for married couples and $75,000 for singles.

Large Roth conversions, capital gains, or other income spikes could eliminate the deduction. Financial planners often recommend modeling income carefully before executing major transactions to avoid unintended tax consequences.

6. Manage MAGI to Preserve Income-Sensitive Breaks

Many of the OBBBA’s temporary provisions hinge on income thresholds, making modified adjusted gross income a key planning factor.

Taxpayers whose income is close to phaseout levels—such as $300,000 for the overtime and tip deductions or $500,000 for the expanded SALT cap—may benefit from carefully timing income and contributions. Even modest adjustments to income can preserve eligibility for deductions that may be worth thousands of dollars.

The IRS notes that contributing to retirement plans like 401(k)s or traditional IRAs—and making eligible health savings account contributions by the filing deadline—can lower adjusted gross income, which in turn can help taxpayers stay under key income thresholds that affect eligibility for tax breaks.

7. Double-Check Identity and Dependent Information

Errors in personal information remain one of the most common causes of refund delays.

The IRS has advised taxpayers to confirm Social Security numbers, dependent names, and Identity Protection PINs before filing. Taking these steps can help avoid delays in processing and in claiming credits such as the Earned Income Tax Credit or Additional Child Tax Credit.

8. Use IRS Online Tools to Avoid Delays

The IRS recommends filing electronically and choosing direct deposit to speed refunds, noting that most refunds are issued in less than 21 days.

Refund status can be tracked using the “Where’s My Refund?” tool, available within 24 hours after an electronic filing is received.

The IRS is also phasing out paper refund checks, and mailed refunds may take six weeks or longer.

Taxpayers can use an IRS Individual Online Account to view tax records and transcripts, check refund status, verify adjusted gross income, retrieve an Identity Protection PIN, and view certain W-2 and 1099 forms.

9. The Bottom Line

The One Big Beautiful Bill Act created new tax-saving opportunities for 2025, but many come with strict limits and income phaseouts.

A careful review of deductions, income timing, and documentation—combined with the IRS’s online tools—can help taxpayers avoid losing temporary benefits or experiencing unnecessary delays.

With the filing deadline approaching, preparation and attention to detail may be the most effective ways to reduce stress—and potentially reduce your tax bill.

Tyler Durden Sat, 02/21/2026 - 10:30



 

 

This week, I speak with Hilary Allen, a Professor of Law at the American University Washington College of Law. She teaches courses in Banking Law, Securities Regulation, and Business Associations. She also was a staffer on the Financial Crisis Inquiry Commission. We discuss financial stability regulation and new financial technologies including crypto and AI, and the role of venture capital in Silicon Valley. She has analyzed why some companies from the dot com era took hold, while others failed.

Her book on the problems deregulated tech monopolies are causing, “Fintech Dystopia,” is published free online.

A list of her current reading/favorite books is here; A transcript of our conversation is available here Tuesday.

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here.

Be sure to check out our Masters in Business next week with Jeff Chang, cofounder and President of VEST. The firm manages over $55 billion in client assets in various “Buffered” and “Target Outcome” strategies. The Y-Combinator backed firm launched in 2012, pioneered the approach to portfolio construction built on defined outcomes and engineered certainty.

 

 

 

Published Book Fintech Dystopia Current Reading/Favorite Books

 

 

 

Books Barry mentioned

 

 

 

 

The post MiB: Hilary Allen on Fintech Dystopia appeared first on The Big Picture.

The post Elon Musk Brings 4th Quarter GDP Growth to a Crawl appeared first on CEPR.

Precrime: Months Before Massacre, OpenAI Worried About Canada's Trans Mass Killer

Months before a Canadian man in a dress went on a Feb 10 rampage, killing his mother and half-brother at home before slaughtering five students and an education assistant at a secondary school where he was formerly a student, employees at OpenAI were deeply troubled by his interactions with the firm's ChatGPT AI chatbot.   

As first reported by the Wall Street Journal, Jesse Van Rootselaar's ChatGPT activity was flagged by the company's automated review system. When employees took a look at what he'd been up to over a several-day period in June 2025, they were alarmed. About a dozen of them debated what they should do.

OpenAI employees were sufficiently alarmed by future mass murderer Jesse Van Rootselaar's interactions with ChatGPT that they urged managers to call the police

Some were convinced Van Rootselaar's descriptions of gun-violence scenarios signaled a substantial risk of real-world bloodshed, and implored their supervisors to notify police, according to the Journal's unnamed sources. They opted against doing so, and a spokeswoman now says they'd concluded Van Rootselaar's posts didn't cross the threshold of posing a credible and imminent risk of serious harm. Instead, the company decided only to ban his account. 

About seven months after his disturbing series of interactions with ChatGPT, police say he killed 8 people and injured 25 more before killing himself in the school he'd attended earlier. Van Rootselaar's social media and YouTube accounts contained transgender symbolism as well as the online name "JessJessUwU" (a meme phrase that people may recognize from the bullet casings tied to the gay suspect charged in the assassination of Charlie Kirk). 

Van Rootselaar at a gun range: He captioned this social media post "I blew up their desert eagle!" 

Only after the bloody horror unfolded did OpenAI contact the Royal Canadian Mounted Police. The situation highlights the difficult position social media and AI platforms are in, as they struggle with balancing conflicting goals: protecting their users' privacy and avoiding unnecessary interactions with police, versus preventing crimes up to and including mass murder. The Journal didn't report specifics about Van Rootselaar's ChatGPT interactions.  

ChatGPT wasn't the only online resource where he evidenced a potential for violence: He'd also used Roblox to build a game centered on carrying out a mass shooting at a shopping mall. Online activity aside, Van Rootselaar was already on the radar of local police, who made multiple visits to his home in response to mental health episodes, and even temporarily removing firearms from the property. An RCMP official said that, on multiple occasions, he was "apprehended for assessment and follow-up."  

Six days after Van Rootselaar's (left) mass murder-suicide, another man-in-a-dress, Robert Dorgan, killed his ex-wife, his own child and himself at a Rhode Island hockey rink 

Police say Van Rootselaar gender-transitioned about six years ago. Given he was 18 when he exploded into violence, that translates into the very young age of about 12. There's no indication that the "transition" went beyond "identity" and clothing, and into the realm of hormones and other body-transforming measures. Online, he bemoaned the fact that his six-foot frame would render impossible his aspiration to be a "petite" woman.  

On Reddit, Van Rootselaar often posted about his use of prescription and other drugs, and curiosity about 5-MeO-DMT, a hallucinogen nicknamed "toad venom." He said he'd been diagnosed with ADHD, obsessive compulsive disorder, major depressive disorder and autism spectrum disorder, and was taking "Setraline 380mg (SSRI). I on rare occasion take 2mg of Risperidone for sleep purposes (anti-psychotic.)" Setraline is the generic version of Zoloft. He dropped out of school about four years ago. 

Elsewhere on Reddit, in a post about his "right to be myself" and his "right to Hormone Replacement Therapy," Van Rootselaar noted that at least other people support his "bare minimum...right to bear arms," adding, "I'm a 15 year old trans person, transitioning from Male to Female. I 'own' 7 firearms, it's cool." 

What's definitely not cool: nudging 12-year-olds down the gender-transitioning path. 

Tyler Durden Sat, 02/21/2026 - 09:55

No Laughing Matter: John Cleese Declares "I'm Afraid They Are Going To Have To Arrest Me"

Authored by Jonathan Turley,

In the classic movie comedy, A Fish Called Wanda, John Cleese lamented, “do you have any idea what it’s like being English? Being so correct all the time, being so stifled by this dread of, of doing the wrong thing.”

Now 86, Cleese has a more pressing concern about being English: whether his exercise of free speech will make him a criminal in his own country.

In a recent interview, Cleese observed that the government’s new speech standards would classify many citizens, including himself, as presumptive criminals for criticizing certain policies.

He observed that: ”As I am an Islamosceptic, I’m now worried that the Labour government may categorise me as a terrorist…”

The government of Prime Minister Keir Starmer has continued its headlong plunge into the criminalization of speech. The guidelines include a section on cultural nationalism, stating that such views are now the subject of government crackdowns. To even argue that Western culture is under threat from mass migration or a lack of integration by certain groups is being treated as a dangerous ideology.

Cleese responded by saying, “I’m clearly a terrorist, so I’m afraid they are going to have to arrest me.”

The tragedy is that this is no wicked Monty Python joke. Cleese has every reason to be concerned.

As I discuss in Rage and the Republic, the United Kingdom has eviscerated free speech in the name of social cohesion and order.

For years, I have been writing about the decline of free speech in the United Kingdom and the steady stream of arrests.

A man was convicted of sending a tweet while drunk, referring to dead soldiers. Another was arrested for an anti-police t-shirt. Another was arrested for calling the Irish boyfriend of his ex-girlfriend a “leprechaun.” Yet another was arrested for singing “Kung Fu Fighting.”

A teenager was arrested for protesting outside of a Scientology center with a sign calling the religion a “cult.”

Last year, Nicholas Brock, 52, was convicted of a thought crime in Maidenhead, Berkshire. The neo-Nazi was given a four-year sentence for what the court called his “toxic ideology” based on the contents of the home he shared with his mother in Maidenhead, Berkshire.

While most of us find Brock’s views repellent and hateful, they were confined to his head and his room.

Yet, Judge Peter Lodder QC dismissed free speech or free thought concerns with a truly Orwellian statement:

“I do not sentence you for your political views, but the extremity of those views informs the assessment of dangerousness.”

Lodder lambasted Brock for holding Nazi and other hateful values:

“[i]t is clear that you are a right-wing extremist, your enthusiasm for this repulsive and toxic ideology is demonstrated by the graphic and racist iconography which you have studied and appeared to share with others…”

Even though Lodder agreed that the defendant was older, had limited mobility, and “there was no evidence of disseminating to others,” he still sent him to prison for holding extremist views.

After the sentencing, Detective Chief Superintendent Kath Barnes, Head of Counter Terrorism Policing South East (CTPSE), warned others that he was going to prison because he “showed a clear right-wing ideology with the evidence seized from his possessions during the investigation….We are committed to tackling all forms of toxic ideology which has the potential to threaten public safety and security.”

“Toxic ideology” also appears to be the target of Ireland’s proposed Criminal Justice (Incitement to Violence or Hatred and Hate Offences) law.

It covers the possession of material deemed hateful.

The law is a free speech nightmare.

The law makes it a crime to possess “harmful material” as well as “condoning, denying or grossly trivialising genocide, war crimes, crimes against humanity and crimes against peace.”

The law expressly states the intent to combat “forms and expressions of racism and xenophobia by means of criminal law.”

The Brock case proved, as feared, a harbinger of what was to come. Two years ago, the home secretary, Yvette Cooper, vowed to crack down on people “pushing harmful and hateful beliefs.” That includes what she calls extreme misogyny.

Now the UK’s most famous writers and comedians believe that they can be arrested under the country’s draconian speech laws from JK Rowling to John Cleese.

That leaves free speech much like Cleese’s famous parrot.

The British government and its supporters can claim evidence of life or just “resting,” but it is in fact "bleedin’ demised…passed on! … no more! … ceased to be! … expired and gone to meet it's maker!”

Tyler Durden Sat, 02/21/2026 - 09:20

California Dominates America's AI/Data-Center Jobs

The AI boom isn’t just about chatbots and software. It’s also creating thousands of jobs tied to the physical infrastructure that powers large-scale computing.

As companies race to build data centers and expand AI capacity, employment tied to AI infrastructure has climbed to 482,716 jobs nationwide, according to 2025 data from the Bureau of Labor Statistics (BLS).

This map, via Visual Capitalist's Jeff Desjardins, ranks all 50 states by AI and data center employment, highlighting where this fast-growing segment of the tech economy has taken root—and which states have built the deepest talent bases.

The AI and Data Center Boom: Jobs by State

California leads the nation with 81,577 AI and data center jobs, accounting for about 17% of the U.S. total.

While California dominates in total jobs, Washington ranks first on a per capita basis, with 289.8 roles per 100,000 residents. This is partially thanks to being home base to companies like Microsoft and Amazon.

More populous states like Texas (48,029), Florida (28,682), and New York (27,849) are all at the top of the leaderboard in absolute terms. That said, the latter two (Florida and New York) are actually below average in per capita terms.

Silicon Slopes and the Data Center Capital of the World

When sorting the list in per capita terms, the states Utah, Missouri, and Virginia stand out—all making the top five.

Virginia has the world’s largest concentration of data centers (Northern Virginia’s “Data Center Alley”), driven by hyperscalers, federal demand, and dense fiber connectivity.

Utah is known in the tech industry as “Silicon Slopes”, with a budding startup ecosystem, strong SaaS presence, and tax-friendly policies for data center investment.

Finally, Missouri is an emerging Midwest tech hub with growing cloud, geospatial intelligence, and defense-tech activity, supported by low-cost power and central U.S. connectivity.

Learn more about data center electricity demand by region in this visualization on Voronoi.

Tyler Durden Sat, 02/21/2026 - 08:45

Deporting Censorship: US Targets UK Government Ally Over Free Speech

Authored by Paul D. Thacker via RealClearInvestigations,

As ICE sweeps in Minneapolis have drawn wide attention, a little-noticed immigration case playing out in a New York federal court has significant implications for America’s relationship with Britain and the ongoing debate over global censorship.  

In late December, the State Department announced its intention to revoke the visas of five foreign individuals who have allegedly censored Americans. The most consequential member of this group is Imran Ahmed, a British Labour Party political operative now living in the U.S., who is the CEO of an influential nonprofit, the Center for Countering Digital Hate.

In documents released Feb. 6 in federal court, the State Department claims Ahmed and the Center have been key players in efforts to censor Americans. A memo written by State Department Undersecretary Sarah Rogers asserts that “Ahmed was a key collaborator with the Biden administration on weaponizing the national security bureaucracy to censor U.S. citizens and pressure U.S. companies into censoring, and his group advocates for foreign regulatory action that extraterritorially impacts American citizens and companies.” 

In a follow-up memo, Secretary Marco Rubio wrote that Ahmed had led efforts to censor Americans and harm U.S. media outlets, including ZeroHedge and The Federalist. “I have determined that Ahmed’s activities and presence in the United States have potentially serious adverse foreign policy consequences and comprise a compelling U.S. foreign policy interest.” Rubio asserted. While the Center casts itself as a disinterested nonprofit trying to stop online hate, Rubio noted that documents leaked from inside the group outline ambitious plans to “kill Musk’s Twitter” and “trigger EU and UK regulatory action.” 

Ahmed has a small army of lawyers working to halt his deportation proceedings, which are now being litigated. Ahmed’s lead attorney is Roberta Kaplan - a former advisor to New York Gov. Andrew Cuomo - who sued President Trump on behalf of his niece, Mary Trump. Ahmed is also represented by Norm Eisen, a Democratic Party fundraiser and former advisor to Obama. Last Thursday, they filed an updated court complaint against the U.S. government to keep Ahmed in the United States.

International Implications

The effort to deport Ahmed has broader political implications because of the close ties he and his associates have to the highest reaches of the British government. Morgan McSweeney, who co-founded the Center with Ahmed, is widely seen as the architect of Prime Minister Keir Starmer’s Labour Party victory in 2024. McSweeney served as Starmer’s chief of staff until earlier this month, when he resigned because of a separate scandal connected to Jeffrey Epstein. 

Imran Ahmed

U.K. government documents reviewed by RCI show that the organization’s influence extends throughout Starmer’s government. The Trump administration’s pushback on Ahmed’s weaponization of speech against U.S. citizens and companies suggests a deep concern about foreign intervention and censorship stemming from one of America’s closest allies.

In a recent interview with Undersecretary Rogers, RCI noted that the State Department appeared to be “knocking on the door of the Prime Minister’s office.” Rogers demurred, declining to detail her discussion with Starmer officials. “We have a very special relationship with the British government,” she responded. “The issue has been communicated.”

Senior Labour Minister Chi Onwurah accused the Trump administration of attacking free speech after Rubio announced shortly before Christmas that the administration was seeking Ahmed’s deportation. “Banning people because you disagree with what they say undermines the free speech the administration claims to seek,” Onwurah said, adding that Ahmed was an articulate advocate for greater regulation of online speech.

However, internal British government documents show that Onwurah is one of Starmer’s many advisors who have been working with Ahmed on activities many consider censorship. Ahmed and Onwurah did respond to requests for comment.

Weaponizing Censorship

The Center for Countering Digital Hate grew out of the efforts of Labour Together, a think tank founded in 2015 to undermine Jeremy Corbyn, a far-left member of Parliament who led the Labour Party at the time. McSweeney, a leading figure in the organization, founded the Center around 2018 with Ahmed as a potent weapon to attack political enemies and advance narratives in the British media.

In a tactic also deployed by progressives in the U.S., the Center worked to silence voices it opposed by creating advertising blacklists to deprive disfavored media outlets of revenue. One successful campaign involved constant claims of “misinformation” and antisemitism lodged against the influential leftist news site Canary to drive away advertisers and tank their funding. “Bye birdie! Hyper-partisan fake news website The Canary is on its last legs!” tweeted British TV host and Center campaigner, Rachel Riley, celebrating a 2019 crash in The Canary’s advertising.

In 2021, Ahmed opened an office in Washington, D.C., and began working with American journalists to censor dissent and enforce political narratives friendly to Democrats and the Biden administration. The Center’s chairman is Simon Clark, a former senior fellow at the Center for American Progress, a think tank founded by John Podesta, who ran Hillary Clinton’s campaign against Donald Trump in the 2016 election.

In 2021, the Center for Countering Digital Hate released a report targeting a “disinformation dozen” of critics complaining about the Biden administration’s COVID vaccine policies. This report, released by an organization founded only months earlier in the United States, received a warm reception at the White House.

At a July 2021 press briefing, White House Press Secretary Jen Psaki quoted from the report while claiming that Facebook was undermining federal vaccine policies. “There’s about 12 people who are producing 65% of anti-vaccine misinformation on social media platforms,” Psaki stated. Facebook criticized the Center’s report for being free of evidence and failing to explain how they arrived at their numbers and conclusions.

One of the people included in the “disinformation dozen” was Robert Kennedy Jr., who was considering a run against President Biden in the Democrats’ 2024 primaries. The Center’s “infamous ‘disinformation dozen’ report specifically called for deplatforming Secretary Robert F. Kennedy and others,” wrote Secretary Rubio in his memo calling for Ahmed’s deportation.

Targeting Musk’s X

In the summer of 2023, the Center hosted a private conference in Washington for liberal groups allied with the Biden administration for the purpose of neutralizing the influence of X owner Elon Musk, who was helping to fund Trump’s presidential campaign. The list of attendees included Biden White House and State Department officials, Democratic Party congressional staffers, union leaders, the heads of several progressive foundations, and employees of the hyper-partisan website Media Matters for America. While no Republicans or conservatives appear on the roster, at least one member of the British foreign service is listed as an invited guest. Annabel Graham is a diplomat and national security professional based at the British Embassy in Washington. She previously handled the Home Office’s engagement with the U.S. and Five Eyes partners.

Working in parallel with Media Matters, the Center took aim at X’s advertisers, just as it had the British Canary. After the Center and Media Matters released reports claiming that Musk’s social media site was promoting “hate,” companies such as Disney announced they were pulling their advertising from X, triggering a crash in Musk’s profits. Disney’s CEO at the time, Bob Iger, was also a major donor to the Biden administration.

Ahmed has also worked in Brussels to influence EU censorship laws. When European regulators first began targeting X for alleged disinformation in late 2023, Ahmed celebrated on social media, implying that his organization was behind the move. “The @CCDHate has been briefing EU officials since October 7,” he wrote, “using our research on the tidal wave of hate and disinformation coming from social media.”

“X has surged to become the leading news app in every EU country, serving tens of millions of Europeans who use the platform daily to access uncensored information,” the State Department noted in its filings to deport Ahmed.  

Friends in High Places

The Center’s involvement in U.S. politics is especially fraught because of its close connections with Britain’s leaders. 

Ahmed began working hard to lobby the Labour government even before its landslide victory in July 2024. Weeks before the election, Ahmed emailed his staffers, looping them in with Josh Simons on his private Gmail to set up a meeting. “Josh is head of Labour Together and is a key person in policy for the next Labour government,” Ahmed wrote. Simons soon left the think tank to become a member of Parliament, where he is a close ally of Starmer.

The Guardian recently reported that before his election to Parliament, Simons “commissioned and reviewed a report in 2023 on journalists investigating the thinktank [Labour Together] that would help propel Keir Starmer to power.”

The Center even has its own members now operating in Parliament. One of the newly elected MPs, Kirsty McNeill, sat on the organization’s board from late 2019 until her 2024 election to Parliament. McNeill was listed in the Center’s staff handbook as a lead trustee, and the group’s mental well-being plan provided McNeill’s personal cell phone for their Mental Welfare Hotline. “Please feel free to contact Kirsty if you have any concerns about your Mental Wellbeing that is not being addressed by CCDH and/or your Line Manager.”  

Ahmed has also been working quite closely with the Department for Science, Innovation and Technology, which is responsible for regulating speech in the U.K., including implementing the Online Safety Act. Passed in 2023, the Act put a “range of new duties on social media companies and search services, giving them legal duties to protect their users from illegal content and content harmful to children.” The Starmer government has taken pains to hide Ahmed’s work with the department. When a British reporter asked the department to detail their relationship and work with Ahmed and the Center, it told him to file a freedom of information request.

Newly uncovered documents show that weeks after Labour won the 2024 election, Ahmed wrote to Baroness Jones of Whitchurch, whom Starmer appointed as a leading Minister of the department. Ahmed introduced Jones to his work to “outline the policy areas CCDH believes are critical to delivering your forthcoming agenda.”

Ahmed highlighted that the Center had “championed the Online Safety Act since its inception,” and bragged that he was the “first witness before the draft bill committee” that had reviewed the Act. He also promised that the Center would “continue to be a critical partner to OFCOM,” the U.K. regulator charged with enforcing the censorship act.

“We welcome the opportunity to work with your office as the UK leads the charge in online safety,” Ahmed wrote.

Ahmed stepped up his lobbying in August 2024, writing once again to Jones that, “Social media platforms cannot be a haven for those looking to sow division in our communities. … Please contact for further information or to arrange a briefing with CCDH.”

Closed-Door Meeting

Heavily redacted documents show that Ahmed met personally with senior department officials in early November 2024. This meeting led to a previously unreported closed-door roundtable with Baroness Jones and other prominent politicians. Documents show that Baroness Jones personally addressed the roundtable in her role as Minister for Online Safety. Jones emailed CCDH organizers and recommended that the meeting “focus on how best we can collectively monitor the impact the [Online Safety Act] is having and identify areas – based on evidence – of where further targeted interventions are needed.” 

Last July, the department published a report which argued that the Act “does not go far enough to address the spread of harmful misinformation.”

Baroness Jones left the department to join the House of Lords in September, and the department did not respond to RCI’s request for comment.

Senior directors at OFCOM, which is assessing and enforcing the Online Safety Act, were slated to attend this meeting, as was Simons and four other Labour MPs. Simons was appointed Parliamentary Under-Secretary to the department last month. He did not return request for comment sent to his government and private email.

Another guest expected to attend the private roundtable was Chi Onwurah, the MP who defended Ahmed when Secretary Rubio announced deportation proceedings. Onwurah chairs the Science and Technology Select Committee, which has oversight of the Department for Science, Innovation and Technology.

Onwurah seems determined to obfuscate and mislead the media about her work with the Center. During a December BBC interview, she giggled when asked if the Center was a Labour Party front group that pushed through the Online Safety Act.

“The Online Safety Act was brought forward under the Conservatives and by the Conservative Party,” Onwurah told the BBC. Onwurah’s claim is a poor attempt to recast recent history.

Ahmed had, in fact, recruited at least one member of the Conservative Party. Damian Collins joined the Center in July 2020, and the British government later published a decision allowing his membership with Ahmed’s organization.

A Conservative Party MP, Collins is the original sponsor of the Online Safety Act. And the first person Collins had testify in favor of the act was Imran Ahmed, his colleague at the Center. 

After Parliament passed the Online Safety Act, which Collins and Ahmed campaigned for, Collins celebrated on X. Collins later left Parliament to join Geradin Partners in London to run the public policy practice at one of the leading law firms for digital regulation in Europe. Collins is also a director at Orbis, a firm co-founded by former British intelligence officer Christopher Steele. Steele’s now-debunked dossier, alleging ties between Trump’s 2016 campaign and Russia, helped spark years of investigation that plagued Trump's first term. 

The Trump White House has complained several times to the Starmer government about the Online Safety Act. Vice President JD Vance has said the law infringes on individual rights. When Vance accompanied an American delegationto London last August, he said the Online Safety Act is taking the Starmer government down a “very dark path” of online censorship. 

Tyler Durden Sat, 02/21/2026 - 08:10

Here's What People Value Most In The US, UK, & Germany

If you had to choose just three things that matter most in life, what would they be?

Across the U.S., UK, and Germany, family and health dominate. But after that, national differences emerge. Germans lean toward security and stability. Americans stand out for money, growth, and faith. In the UK, work-life balance comes into the fold as a top priority.

The data for this visualization comes from Statista Consumer Insights. Over 1,000 adults per country were surveyed in January 2026 and asked to select up to three personal values that matter most in their lives.

Family Comes First

Family life ranks as the most important value in all three countries.

In the UK, 51% of respondents selected family as a top priority, the highest share among the three nations. Germany follows at 43%, while 42% of Americans say family matters most.

Because respondents could choose multiple answers, percentages do not sum to 100%.

Health and Security Stand Out in Germany

Germans place a particularly strong emphasis on health, with 49% identifying it as a top value.

Safety and security (30%) and freedom/independence (27%) also rank highly in Germany. Friendships, at 26%, further suggest a focus on stability and social cohesion.

Money, Growth, and Faith in the U.S.

In the United States, making money ranks relatively high at 26%, slightly above the UK (25%).

Americans are also more likely to prioritize personal growth (24%) and faith or spirituality (21%), categories that did not rank among the top responses in the UK or Germany.

Work-life balance, cited by 24% in the UK, stands out as a distinctly British priority in this comparison.

If you enjoyed today’s post, check out Which Countries Are Diligent About Medical Check-Ups? on Voronoi, the new app from Visual Capitalist.

Tyler Durden Sat, 02/21/2026 - 07:35

Macron's India Trip Exposes EU Tech Overreach And Policy Failures

Submitted by Thomas Kolbe

At times, it seems almost absurdly comical when senior European Union officials make conspicuous efforts to court local business on foreign trips. Didactic in tone, nearly arrogant in their demands toward potential trade partners, and buoyed by a taste for moral superiority, the EU takes the global stage.

It still attempts to force large parts of the world into Brussels’ doctrinal playbook—as if economic cooperation could be achieved through normative decrees.

Meanwhile, its own economic weakness is either overlooked or deliberately ignored.

Economic strength would at least provide some justification for such demands.

Yet the ongoing relocation of European industry to Asia and the United States undermines any carefully staged display of supposed superiority.

From February 17 to 19, France’s President Emmanuel Macron visited India—the newly discovered object of European diplomatic desire.

In Brussels, high hopes are pinned on Prime Minister Narendra Modi: unspoken is the goal of trade-policy support in the battle against Donald Trump’s America.

For Macron, this India trip could have been an easy diplomatic exercise—without missteps, without verbal blunders, simply by observing routine protocol.

He could have used the opportunity to study how a booming AI hub is being built. Instead, he presented his bewildered hosts with Europe’s “third way”—a performance that at best left them perplexed, likely met with a shrug.

Macron advocated for “transparent” AI focused on open-source models, strict privacy standards, and societal benefits in health, education, and especially climate protection. Initiatives like “Current AI,” an EU-funded €2.5 billion project to finance nonprofit activities, confirm what is already obvious: Brussels still believes technological innovation can be decreed by the state.

But new technologies do not emerge administratively or via bureaucratically managed grants. Innovation thrives where free markets operate, entrepreneurship takes risks, and open capital markets enable customer-oriented value creation.

For Emmanuel Macron, Friedrich Merz, and Ursula von der Leyen, this insight may seem like a dangerously heretical lesson. Yet it describes nothing more than the only viable civilizational path: an open self-discovery process that allows mistakes, does not stigmatize risk, and provides bold pioneers real opportunities—essentially turning EU policy upside down.

European policy has little interest in fostering genuine open-source dynamics—even if desirable for a flourishing market economy. Rather, the impression solidifies that state control mechanisms are being secured: through regulatory backdoors, software tools, and laws like the Digital Services Act—with the aim of steering markets and, above all, controlling public discourse.

Macron delivered perhaps his most revealing remarks before students in New Delhi at the AI Impact Summit. He lamented the lack of control over platforms like Elon Musk’s X and spoke of missing transparency. A “jungle” had arisen in which no one knew who was saying what, algorithms were beyond state reach. In this context, he called appeals to freedom of speech “bullshit”—a striking moment of candor that accurately reflects the stance of much of the EU’s political elite.

They are engaged in an open struggle with citizens—at least with the portion who see themselves as the true sovereign and view politics as representation within a democratic state, not an educational disciplinary apparatus. Macron, however, seems convinced he can use aggressive opinion control to postpone both the collapse of his minority government and the looming state insolvency—at least until his own political exit is secured.

Back in wintry Germany, his counterpart Friedrich Merz struck a similar note. At a CDU Ash Wednesday event in Trier, the chancellor outlined his vision for future communication platforms: real-name requirements and digital identities for youth. Translated, this means nothing less than the gradual end of online anonymity—a space that has so far been essential for opposition voices and political coordination.

The pressure to act grows: month after month, the European economy loses substance—regardless of, or precisely because of, the intensity of state intervention in the shrinking remnants of the continent’s once-proud social market economy.

The gap between aspiration and reality in Europe was recently on display at the Munich Security Conference. EU foreign policy chief Kaja Kallas presented Brussels’ demands toward Russia as a basis for potential peace talks. Moscow must make substantial compromises—limiting forces, cutting the military budget, and recognizing Ukraine’s pre-2022 borders. Territorial concessions or legitimizing occupied areas are out of the question. Sanctions and future use of frozen Russian assets, particularly via Euroclear, remain leverage.

A reminder: Russia’s de facto dominance in the Ukraine conflict is measured not least by its effects on Europe—ongoing energy crises across much of the continent and the visible erosion of the European economy. That Europeans weren’t even at the table in recent pre-negotiations for a peace deal is a diplomatic humiliation. Yet even this does not seem enough to fundamentally question their strategy or objectively assess reality.

Instead, growing elite resentment is increasingly directed inward. Citizens expressing dissatisfaction and supporting nationally sovereign political forces fall under scrutiny. This reflects a fear of competition that might effectively challenge what is perceived as coercive EU policy.

Upcoming state elections will reveal just how resilient the firewall really is—one that delivers more mass migration, digital censorship, and the construction of a green-military socialism.

* * * 

About the author: Thomas Kolbe, a German graduate economist, has worked for over 25 years as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.

Tyler Durden Sat, 02/21/2026 - 07:00

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads:

• This Entertainment Lawyer to the Stars Shares His Best Negotiating Secret: Allen Grubman on why you should always overtip and why the media business is always seeking fresh blood (Wall Street Journal)

• AI and the Economics of the Human Touch: A reason for optimism: Either AI is so useless that we are in the middle of a bubble that’s about to burst and take the economy down with it, or AI is so powerful it’s going to replace us all and devastate the labor market. (Agglomerations) see also What AI says about AI eating itself and the world… AI says it is targeting IT and software, finance, customer services, manufacturing and logistics, and media and entertainment The market gyrations of the past two weeks, as fears about AI disruption hit first software and then technology and financial stocks, have left anxious investors wondering: which sector will be next to drop? Deutsche Bank identifies an $800 billion AI funding gap and questions whether the industry’s unsustainable spending can continue. (Deutsche Bank Research)

• The economics of the Kalshi prediction market: Kalshi has operated as a federally licensed prediction market in the US since 2021, free from the strict stake limits placed on previous legal prediction markets. Over 300,000 analyzed contracts and their outcomes demonstrate that Kalshi’s contract prices are informative and improve in accuracy as markets approach closing, but they display a clear favourite-longshot bias. Low-price contracts win far less often than required to break even, while high-price contracts win more often and yield small positive returns. (VoxEU/CEPR)

• The Hidden Plumbing of Stablecoins: Financial and Technological Risks in the GENIUS Act Era US dollar stablecoins are increasingly used as payment and settlement instruments beyond cryptocurrency markets. With the enactment of the GENIUS Act in 2025, the United States established the first comprehensive federal framework governing their issuance, backing, and supervision. This paper evaluates the financial, technological, and regulatory risks that may arise as GENIUS-compliant stablecoins scale into mainstream use. MIT researchers identify systemic risks lurking in the GENIUS Act’s stablecoin infrastructure, from redemption surges to technological failures. (MIT Media Lab)

• In World War II’s dog-eat-dog struggle for resources, a Greenland mine launched a new world order: Greenland’s cryolite mine was strategically vital during WWII, shaping the postwar global order in ways still reverberating today. (The Conversation) see also  Hitler’s Greenland Obsession: The historical precedent for great-power interest in Greenland is darker than you think. The Atlantic on how the Third Reich saw the island as strategically vital — a useful reminder as present-day territorial ambitions echo uncomfortably. (The Atlantic)

• The New Rules of Retirement: Popular guidelines about how to save, invest, and spend need to be updated and personalized to ensure you’ll never run out of money. (Kiplinger)

• The Sweet Lesson of Neuroscience: Scientists once hoped that studying the brain would teach us how to build AI. Now, one AI researcher may have something to teach us about the brain. Brains teach themselves through internal steering systems, suggesting that the future of AI alignment might hinge less on learning rules and more on training signals—a frontier neuroscience still understands better than silicon. (Asterisk)

• The Cult Deprogrammer Who Needed Deprogramming: The long decline of religion has left a vacuum of purpose and belonging, then technology fragmented us further, and cults have flourished in this habitat, preying on a disillusioned public with promises of special knowledge, chosen membership, and a new dawn. When the mainstream feels broken, the fringe swoops in. As Antonio Gramsci said, “now is the time for monsters.” Rick Ross, America’s foremost cult deprogrammer, reflects on 40 years battling brainwashing in an era when conspiracy movements are doing the work that fringe groups used to do. (Minority Report)

• How one country stopped a Trump-style authoritarian in his tracks: What Brazil got right that America got wrong. Brazil’s Congress, Supreme Court, and military actively constrained Bolsonaro’s authoritarian impulses when he tried the moves Trump is now executing—showing that institutional resistance is possible. (Vox)

• The Rise and Fall of the American Monoculture: For most of the 20th century, pop culture was the glue that held the U.S. together. But what will it mean now that everything has splintered? Streaming and algorithms have shattered the shared cultural experiences that defined 20th-century America. (Wall Street Journal)

Be sure to check out our Masters in Business interview this weekend with Hilary Allen, Professor of Law at the American University Washington College of Law. She specializes in financial regulation, banking law, securities regulation, and technology law, with a particular focus on how new financial technologies like fintech, crypto, and AI intersect with financial stability and public policy.

 

Online spending is surging, at the expense of physical retail, driven by K-shaped consumer spending, rising BNPL usage and adoption of Agentic AI.

Source: Shruti Mishra, BofA Global Research

 

Sign up for our reads-only mailing list here.

 

The post 10 Weekend Reads appeared first on The Big Picture.

Is It Time To Reopen The Franklin Child Prostitution Case After Epstein Revelations?

Authored by Brandon Smith via Alt-Market.us

The seriousness of a conspiracy can often be quantified by the amount of energy the establishment expends trying to bury it. Consider for a moment the fact that Jeffery Epstein’s monstrous club of elites faced near zero mainstream exposure for over 20 years, despite his arrest for human trafficking in 2006.

Think about the level of political and media interference, the highly organized propaganda, the targeted attacks against conspiracy researchers – Think about the amount of money and time that was expended just to shut us up and convince the public the Epstein situation was “overblown”.

The revelations of the “Lolita Express” and the flights to Little Saint James Island are nothing compared to what we now find in the millions of documents released in the past month. Hints of rape, torture, possible murder, and even cannibalism are present in the coded (and not so coded) language of Epstein’s emails. And, if the revelations of “Pizzagate” and the John Podesta emails are correct, then many of the horrors committed on Epstein’s Island involved young children.

As I noted in my last article, Epstein’s private emails contain coded references to “pizza” (an FBI confirmed code used by pedophiles to describe young boys) over 900 times. They mention “jerky” over 380 times, including mentions of “freezing jerky”, “walking” jerky from one location to another, and getting jerky tested in a lab for “safety”.

The establishment machine is going into panic mode, once again trying to obcure the darker aspects of the Epstein files as “conspiracy theory” and “moral panic”. There is a clear attempt being made to mitigate and run damage control.

In other words, the elites are willing to give up the fight on the issue of underage sex trafficking. They know that the abuse of teens will not trigger enough outrage to get them killed by mobs of angry citizens. However, they are DESPERATE to silence any discussion on the abuse of very young children including babies. They will do anything to prevent the investigation from escalating to issues of cannibalism and occultism.

As long as the public thinks it was all about rich and powerful perverts getting their jollies with 16 and 17-year-old girls, the elites think they can weather the storm. After all, in most states the age of consent is 16. They might even be able to convince a large percentage of the populace that those girls did those things “of their own free will.”

I can already see them generating the spin in the event that any of the perpetrators actually go to trial. By the time it’s over, people will be questioning if anything criminal happened at all? That’s how the system works. It demands that the public ignore the obvious and wait for official confirmation of guilt, which rarely ever comes when oligarchs are involved.

I would continue to warn people NOT to put too much hope in the notion that any of the Epstein suspects will face legitimate legal consequences. Just look at how many corrupt judges we have encountered in the US when it comes to the immigration issue. Now imagine the army of left wing judges that will slither out of the woodwork to protect Epstein’s clients.

The Epstein case does not represent a silver bullet for eliminating the elites and their cabal, but it does represent a moment of mass awakening that cannot be stopped. Never before have conspiracy analysts been so close to exposing the reality of the “New World Order” to the normies. It creates a pathway to other opportunities, including reopening conspiracy events that were buried by the establishment a long time ago.

One such conspiracy of evil from the past stands out to me as directly related to the Epstein case, and I think it should be reexamined in light of the release of the Epstein files.

The Franklin Child Prostitution Case

In Omaha, Nebraska in the 1980s, a child sex abuse scandal was uncovered which involved high profile politicians and business moguls. The central figure, Lawrence King Jr, was a GOP favorite and the manager of the Franklin Federal Credit Union, an institution which would eventually be caught up in an embezzlement investigation.

He was accused of hosting lavish parties where minors were sexually abused and ritual occultism was practiced.

Victims, often from foster care or a regional Boys Town orphanage, alleged they were tricked into recruitment, then flown to locations like Washington, D.C. for exploitation by high-ranking individuals, including politicians, businessmen, and law enforcement. Key accusers included Alisha Owen, Paul Bonacci, and Troy Boner. They claimed the existence of an elitist network engaged in ritualistic practices, drug use, and coercion.

The accusers faced extreme pressure to recant. Alisha Owen was imprisoned for “perjury” by a grand jury – She never recanted her story. Troy Boner recanted due to threats of legal ramifications, then returned to assert that everything he originally said was true after the untimely death of investigator Gary Candori. Boner died mysteriously at the age of 36 in Texas in 2003 with no public information on the cause.

Paul Bonacci would go on to win a civil case against Lawrence King and received a $1 million default judgment for child abuse. King failed to defend the case and the judge found Bonacci’s claims to be credible.

Gary Caradori, a private investigator hired in August 1989 by the Nebraska Legislature’s special “Franklin Committee” to look into evidence of child exploitation, conducted extensive interviews. He gathered over 21 hours of videotaped testimony from alleged victims like Alisha Owen, Paul Bonacci, and others. He uncovered what he described as breakthrough evidence, including photographs and leads implicating prominent individuals.

In 1990, Candori died along with his 8-year-old son while flying his single engine plane over Illinois. The plane reportedly “disintegrated in mid-air” and the wreckage was found strewn across a field near Ashton in Lee County. The FAA ultimately ruled that the incident was “accidental.”

The Buried Documentary

In 1993 a 60 minute documentary called “Conspiracy Of Silence” was produced by a UK company called Yorkshire Television for the Discovery Channel. The production focused on the investigations of John Decamp, a US Army Captain, lawyer and former aide to CIA Director William Colby (who also mysteriously died by “drowning” in the Wicomico river near his home in 1996).

Decamp was a Republican legislator in Nebraska at the time the Franklin case broke. He asserted that the claims of abuse were true, and that the politicians involved had ties to the Iran/Contra drug running scandal.

He also named five prominent local officials and businessmen, including:

• Harold Andersen: Publisher of the Omaha World-Herald newspaper (frequently cited as central to the alleged cover-up; DeCamp accused the paper of bias and suppression).

• Alan Baer: A wealthy Omaha businessman (indicted on pandering charges in 1990 related to the scandal, though not directly for child abuse; he pleaded to lesser charges).

• Robert Wadman: Former Omaha Police Chief (accused in victim testimonies of involvement; he denied it and sued over the claims).

• Peter Citron: A former World-Herald columnist (convicted in 1990 on separate child sexual assault charges; linked in allegations to the network).

• Lawrence E. “Larry” King Jr.: The Franklin Credit Union manager (central figure; convicted on financial embezzlement but never on abuse charges).

These figures were named for alleged involvement in procuring child victims for political elites in Washington DC, or for covering up the crimes.

The Discovery documentary focused on this thread as well as interviews with the victims, then outlined the government and media suppression campaign that was used to threaten them. It was set to air in May of 1994, but it was abruptly pulled weeks before broadcast, apparently due to pressure from political officials in the US. All master copies were ordered destroyed.

The only reason we know about its existence is because some anonymous hero released a rough edit to a lawyer involved in the case.  The full documentary can be VIEWED HERE.

The suppression of this documentary is clear evidence of a conspiracy. At the time, the majority of accusations surrounding the Franklin case were dismissed by the media as “Satanic Panic.” This is a narrative that has also been used to dismiss the darker crimes behind the Epstein case and others. It is time to crush this lie and expose these people for what they truly are.

Furthermore, it’s time to acknowledge the fact that ritual child abuse has been happening in the shadows, in dark and grotesque places, for many decades and long before Epstein. His island is only one of many elitist retreats where such evils are practiced. Esptein was merely a middle-man in a much larger network of pedophiles and luciferians that have operated with impunity for generations.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Fri, 02/20/2026 - 23:25

AI Content 'Incidents' Skyrocket: A Growing Threat In The Digital Age

The latest data from the OECD’s AI Incidents and Hazard Monitor reveals a staggering boom in monthly media-reported AI-related content incidents: from just about 50 in early 2020, to over 200 in early 2024 and nearly 500 by January 2026, representing a tenfold increase over the period.

As Statista's Tristan Gaudiaut details in the infographic below, the rise has been particularly strong since last year (doubling in the last twelve months).

You will find more infographics at Statista

This exponential rise underscores the rapid proliferation of AI-generated content worldwide, from synthetic media to deepfakes, flooding platforms like TikTok, X, Instagram or YouTube.

Teens are on the frontline: A 2025 Pew Research Center survey found that two-thirds of U.S. teens now use AI chatbots, with nearly 30 percent engaging with them daily.

More concerning, a 2026 Education Week report revealed that 1 in 17 teens (aged 13 to 17) have already been targeted by deepfake content, such as non-consensual synthetic imagery, with over 80 percent of surveyed teens acknowledging the harm caused by such manipulations.

Meanwhile, adults struggle to keep up.

Research shows that while humans can sometimes detect AI-generated voices or videos, accuracy rates vary widely: from around 60 percent to 90 percent, according to a study published by PMC in Jan. 2026.

Thus, many remain vulnerable to believing synthetic content is real, raising urgent concerns about the spread of misinformation, especially as AI tools become more sophisticated and accessible.

Tyler Durden Fri, 02/20/2026 - 23:00

Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route

Via Middle East Eye

Saudi Arabia wants to replace Israel with Syria as the transit country for a fiber-optic cable designed to connect the kingdom to Greece through the Mediterranean Sea, two regional officials familiar with the project told Middle East Eye.

Saudi Arabia's insistence that it be connected to Greece through Syria, and not Israel, as previously discussed, underscores how regional alignments are shifting as Riyadh looks to bolster Damascus’s standing in the region and potentially isolate Israel.

via AFP

Saudi Arabian Crown Prince Mohammed bin Salman has publicly accused Israel of committing genocide in Gaza, where over 72,000 Palestinians have been killed. Riyadh is also at odds with the UAE, Israel’s closest Arab partner, in Yemen, Sudan, and the Red Sea.

Athens is trying to position itself as a hub between Europe and the Middle East for energy, real estate and Artificial Intelligence (AI).

Greece has courted Qatar, the UAE and Saudi Arabia for investment, but it is particularly close to Israel, which policymakers in Athens view as an ally against Turkey, and an insurance policy to keep the US engaged in the Eastern Mediterranean.

Saudi Arabia's shift on the project could throw a wrench in Greece’s relationship with Israel, if it is indeed snubbed in the new route.

Fiber-optic cables carry essential digital services from country to country in milliseconds using pulses of light. Their importance is growing as Gulf states position themselves as exporters of AI, seeking to send data to Europe. 

Greece and Saudi Arabia announced the East to Med data Corridor, or the EMC project, in 2022. It is a joint partnership between Saudi Telecom (STC), the Greek electricity provider PPC, Greek telecoms and the satellite applications company, TTSA.

At the time, Saudi Arabia was in talks with the US on a deal that would see them normalize relations with Israel. Those negotiations were derailed by the Hamas-led 7 October 2023 attacks, which Israel retaliated against by launching an offensive on Gaza that the United Nations and human rights groups have deemed a genocide.

Israel also attacked Lebanon, Syria and Iran. “There were a number of projects that planned to go through Saudi Arabia, Jordan and Israel - this was one of them,” Julian Rawle, a US-based submarine fibre-optic cable consultant, told MEE.

“Saudi Arabia asking for transit through Syria is new. People are looking for additional terrestrial routes between the Indian Ocean and the Mediterranean. Syria is another option, if people feel comfortable with the evolving political situation there,” he added.

A presentation by Greece’s PPC dated November 2025, obtained by MEE, does not show Syria linked up to the EMC network. The corridor appears to move through Israel and its offshore waters. 

In addition, another regional official told MEE that Saudi Arabia envisions an electrical cable project with Greece bypassing Israel in favour of Syria. This project would link the Gulf state and Europe via a High Voltage Direct Current (HVDC) interconnection. 

'Shift in attitude'

Saudi Arabia’s attempt to bring Syria into the projects underscores how it is using its wealth to bolster regional allies at a time when it is challenging the UAE and Israel in the region. It also hints at Riyadh's broader vision for the region. 

"For Saudi Arabia, Damascus is at the heart of regional connectivity," a western official familiar with Riyadh's investment drive told MEE. "The Saudis want the roads, cables and trains to go through Syria".  

Saudi Arabia’s STC announced in February that it will invest about $800m in Syria’s telecommunications infrastructure. The kingdom’s state news agency said the plan is to “connect Syria regionally and internationally through a fibre-optic network extending over more than 4,500 kilometres”.

Kristian Coates Ulrichsen, a Gulf expert at Rice University's Baker Institute, said Saudi Arabia's bid to include Syria at the expense of Israel reveals how much the region has reordered itself.

MEE: Saudi Arabia is surrounded by major fiber-optic cables - but the Trans Europe Asia System will be the first such project to cross the country (telegeography.com)

“A project like this is consistent with Saudi attempts to reintegrate Syria to the regional fold and play down any tangible links with Israel,” he added.

The year “2022 was the height of talk about normalization between Saudi Arabia-Israel normalisation. This is indicative of the shift in Riyadh’s attitude,” he told MEE.

Europe's ports of entry shifting east

Greece envisions itself serving as a hub for multiple cable routes, as the Gulf states boost their investments in AI data centres and link up to East Asian business capitals such as Singapore.

Originally, the port cities of Marseille and Genoa were the embarkation points for fibre-optic cables arriving in Europe. But the industry wants to diversify routes, and ports of entry to Europe have been shifting further east, putting Greece and Turkey on the map.

The Eastern Mediterranean is littered with the corpses of grand infrastructure projects dreamed up by regional leaders and by Washington-based think tanks. A gas pipeline to connect Greece, Cyprus and Israel never materialized. Likewise, the Great Sea Interconnector cable, envisioned to link Greece, Cyprus and Israel, has faced multiple delays.

Turkey, which lays claim to a wide swath of the Eastern Mediterranean disputed by Greece, has opposed the projects. A trade corridor under discussion also aims to link India to Greece, Israel and the UAE.

But Rawle told MEE that the East to Med data Corridor, or EMC West, is one of the more viable projects. He said that making a down payment to the system supplier is a key hurdle that the industry watches as a marker for progress.

Greek and Saudi banks signed an agreement to finance 60 percent of the project. In 2023, EMC signed a supply contract with Alcatel Submarine Networks to construct two subsea and terrestrial data cables.

Tyler Durden Fri, 02/20/2026 - 22:35

A Year Into Trump's 2nd Term: When Does Accountability For The Deep State Begin?

Authored by Jeff Dornik via American Greatness,

We were told this time would be different. We were told that a second Trump administration would not repeat the mistakes of the first, that hard lessons had been learned, and that the Deep State would finally be confronted rather than tolerated. One year into President Trump’s second term, it is both fair and necessary to ask whether those assurances are being honored—not from hostility but from a sincere desire to see the America First agenda succeed, endure, and become irreversible.

During President Trump’s first term, Congress squandered its moment. The first two years were consumed by infighting, hesitation, and internal paralysis, even with Republican control. Then came the midterms, control was lost, and meaningful legislative progress effectively ended. What followed were impeachment spectacles and relentless political warfare, while entrenched corruption inside the federal government remained untouched. Now, just past the first year of President Trump’s second term, the pattern feels disturbingly familiar. The urgency voters demanded is not being matched by the actions of those entrusted to deliver it.

The question that must be asked plainly is this: when is the Trump administration actually going to root out the Deep State?

Executive Orders are being signed at a rapid pace, but Executive Orders are not reform. They are temporary directives that can be erased with a single signature the moment someone like Gavin Newsom takes office. Without legislation, without prosecutions, and without accountability, nothing is secured. Power is being exercised, but it is not being anchored, and lasting change is never achieved that way.

Kash Patel built his credibility by telling the truth about corruption in Washington. His book and documentary, Government Gangsters, documented in detail how entrenched bureaucrats and intelligence officials worked against President Trump from within the federal government. He even came on my show and spoke openly about this corruption, and he stated repeatedly across multiple platforms that the FBI, particularly at its highest levels, was deeply compromised and required fundamental reform. He did not argue that the Bureau should be abandoned, but that it could not be trusted without aggressive leadership, restructuring, and accountability for the Deep State operatives within the bureau. He warned that the Deep State would never reform itself and would have to be confronted directly. He also told Glenn Beck that the head of the FBI possessed Jeffrey Epstein’s client list. These were not casual remarks. They were core assertions made publicly and repeatedly.

Now Kash Patel is the head of the FBI, and the public posture has shifted dramatically. The same institution he once described as captured is now treated as credible and restrained. The Epstein client list, once discussed as a known reality, is now dismissed as conspiracy, even as new Epstein-related documents continue to be released to the public over the protest of the Trump administration. Each document release raises more questions, not fewer, and every delay from federal law enforcement deepens public distrust rather than restoring confidence. A reversal this significant demands explanation. Trust is not rebuilt through silence, and credibility is not preserved by pretending prior statements were never made.

These questions extend far beyond the FBI and land squarely on the Department of Justice, where accountability appears to collapse the moment it threatens entrenched power. The removal of Ed Martin from his role inside the DOJ is not just a minor personnel decision; it appears to be a clear signal that real investigations into weaponization and lawfare are not being tolerated. Ed Martin was positioned to expose how the Biden Department of Justice targeted Americans, abused prosecutorial authority, and used federal power as a political weapon. According to Emerald Robinson, whose reporting has repeatedly exposed corruption others refuse to confront, Martin was removed from his position by the same people who refer to parents as terrorists: “Vance Day, senior counsel for Todd Blanche, refers to parents targeted by Biden DOJ as ‘terrorists’ in recent meeting with one parent asking for accountability. Blanche’s office also removed Ed Martin from his role at the DOJ.” That disclosure alone should alarm every American paying attention.

Parents who were targeted and persecuted by the Biden Department of Justice are now being labeled terrorists by senior DOJ leadership, while the man tasked with investigating that persecution is sidelined. Whether this is described as a firing or a demotion is irrelevant, because the outcome is the same. Another one of the good guys has been removed from doing the work voters were promised would finally drain the swamp. This is not an isolated incident or a misunderstanding but a pattern that repeats with disturbing consistency. Every time someone begins making real progress against the Deep State, authority is stripped, investigations are stalled, and momentum is deliberately crushed before accountability can be delivered.

So the questions must be asked:

Where are the arrests?

Where are the prosecutions?

Why has Attorney General Pam Bondi not brought cases against members of the January 6 Committee despite documented misconduct and destroyed records?

Why has the Department of Justice taken no action against Anthony Fauci even after Sen. Rand Paul issued criminal referrals? 

Why is the DOJ actively fighting to shut down Brook Jackson’s case against Pfizer instead of allowing it to proceed and standing with a whistleblower who exposed documented fraud?

Why do Epstein-related documents continue to surface while no meaningful accountability follows?

What happened to transparency, and what happened to equal justice under the law?

Congress bears equal responsibility for this failure. DOGE exposed widespread corruption, fraud, and waste throughout the federal government, yet Republican spending bills continue to fund the very programs DOGE identified. If fraud has been uncovered, there is no justification for continuing to finance it. Where is the legislation to codify President Trump’s Executive Orders so they cannot be casually undone by the next administration? Where is the structural reform that fixes what is broken instead of managing its decay?

It increasingly appears that Republican leadership is content to run out the clock while President Trump absorbs the political risk. That approach is not strategic. It is reckless. We are less than one year away from the midterms, and the possibility of losing congressional control is very real. If that happens before reforms are locked into law, the opportunity may be lost entirely.

So what is the agenda for this year? What are we fighting to accomplish while the window is still open? America First cannot remain a slogan. It must become law, policy, and precedent. And by America, I mean Americans first, not institutions, not bureaucracies, and not federal agencies that operate without consequence.

The stakes are higher than many are willing to acknowledge. A future Democrat administration, particularly one led by Gavin Newsom, would inherit not only an unrestrained administrative state but a vastly expanded and centralized federal system increasingly powered by artificial intelligence. The Trump administration is already integrating AI throughout government. Without moral clarity, legal restraint, and decentralization, that power will inevitably be turned against the people it claims to serve.

This is not an attack on President Trump. It is a call to fulfill the mandate voters gave him. The American people did not vote for symbolism. We voted for accountability. We voted for justice. We voted for a government that serves the people rather than ruling over them.

Time is running out. If decisive action is not taken this year, there is a real chance it never will be. If that happens, no one should be surprised when everything collapses the moment power changes hands. Truth demands courage, and courage demands action.

The question is no longer whether the Deep State exists, but whether those in power are willing to confront it while they still can.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Fri, 02/20/2026 - 21:45

Washington Post Editorial Board Brutally Mocks Mamdani

Margaret Thatcher once said, “The trouble with Socialism is that eventually you run out of other people's money,” and New York City's new socialist mayor, Zohran Mamdani, is learning just how right she was, and New Yorkers are going to pay a hefty price for it.

On Tuesday, a mere two months after declaring he would “replace the frigidity of rugged individualism with the warmth of collectivism,” Mamdani announced a $127 billion preliminary budget for fiscal year 2027, a $5 billion increase from the prior year, while simultaneously warning residents of "painful" tax hikes if state officials refused to bail him out to cover his socialist policies. 

“That’s a city budget bigger than the state budgets of 47 states. Even the state government of Florida (population 23 million) spends less than New York City’s,” explains The Washington Post editorial board. “And the state still managed to attract hundreds of thousands of New Yorkers in recent years.”

“The reality is that The reality is that Americans may like the idea of ‘free’ stuff — it’s how socialists win elections — but they are less excited about having to pay for it” they continued. “They’re even less excited when they live in a state that ranks at the very bottom of the Tax Foundation’s State Tax Competitiveness Index.”

During a press conference earlier this week, Mamdani called on New York Gov. Kathy Hochul to raise income taxes on the “ultra-wealthy” help fund his budget for New York City.

“The onus for resolving this crisis should not be placed on the backs of working and middle-class New Yorkers,” Mamdani said. “If we do not fix this structural imbalance and do not heed the calls of New Yorkers to raise taxes on the wealthy, this crisis will not disappear. It will simply return, year after year, forcing harder and harsher choices each time. And if we do not go down the first path, the city will be forced down a second, more harmful path. Faced with no other choice, the city would have to exercise the only revenue lever fully within our own control. We would have to raise property taxes.”

Mamdani says if Hochul doesn't allow NYC to raise taxes on corporations and highest earners, he will raise property taxes on New York City homeowners. pic.twitter.com/Bm07LxS9OH

— The Post Millennial (@TPostMillennial) February 17, 2026

Hochul rejected the tax hike demand without hesitation, telling Mamdani to expand his "ridiculously low" proposed spending cuts instead. 

Mamdani has claimed his administration identified $1.7 billion in cuts. The Post's editorial board was not impressed, calling it a “laughable number.”

“The reality is that Mamdani is trying to expand a city government that already does way too much,” they argued. “ The city should provide basic services, such as law and order, but instead it pours billions into social spending like housing and health care.”

They even cited California as a cautionary tale, warning that in the Golden State, “a slew of billionaires are fleeing at the mere possibility of a wealth tax. They’ll avoid the wealth tax — and California will miss out on the billions that these individuals otherwise would have contributed before a wealth tax was even imposed.”

More experienced Democrats in New York understand this. Gov. Kathy Hochul, no one’s idea of a fiscal hawk, nevertheless instigated Mamdani’s tantrum by refusing to go along with more tax hikes. The city council speaker and comptroller also have sway and are skeptical of new taxes.

This week, it was revealed that acclaimed director and filmmaker Steven Spielberg officially became a New York resident on January 1, effectively avoiding the billionaire tax—though a representative for Spielberg and his wife Cate Capshaw claimed the move was to be closer to family.

Mamdani's pre-election promises — free buses, expanded child care, cash assistance, rental aid, and smaller class sizes for teachers' unions — were crowd-pleasers that earned him "tax the rich" chants at campaign rallies. The problem is that governing a city with a structural deficit requires something more than slogans. His preliminary budget now acknowledges a $5.4 billion shortfall for the current fiscal year, with projections that worsen over time. 

“No one in New York is ambitious enough to dramatically reshape city government, and residents either vote for class warfare or vote with their feet. A reckoning will have to come eventually. The question is how bad it gets before reality sets in,” the board concluded.

Ouch.

Tyler Durden Fri, 02/20/2026 - 21:20

India Boosts Saudi Oil Imports, Slows Russian Buying, Amid US Pressure

Via The Cradle

Saudi crude shipments to India are set to reach their highest level since 2020 this month, narrowing the gap with Russian supplies as New Delhi faces ongoing US pressure to reduce its purchases of Russian oil, according to data from Kpler cited by Bloomberg on Friday.

Flows from Saudi Arabia are projected at between 1 million and 1.1 million barrels per day (bpd), Kpler lead research analyst Sumit Ritolia said, describing the volumes as the strongest since November 2019, bringing Saudi exports broadly in line with Russian deliveries.

Saudi Aramco

Kpler estimates Russian crude shipments to India at around 1.2 million bpd this month, which would keep Moscow as India’s largest supplier, though at levels well below the more than 2 million bpd seen at peak periods over the past three years.

For March, Kpler forecasts Russian flows easing further to between 800,000 and 1 million bpd, noting that such a drop could allow Saudi Arabia to retake the top spot if Indian refiners keep replacing Russian crude with Saudi shipments.

In early February, US President Donald Trump announced a trade deal with India that linked tariff reductions to India halting purchases of Russian crude oil. 

He said he would cut punitive tariffs on Indian goods in exchange for Prime Minister Narendra Modi’s agreement that India would stop buying Russian oil. He even suggested New Delhi would increase purchases of US – and potentially Venezuelan – oil.

Current import levels indicate that Indian buyers have not moved abruptly to cut Russian intake.

India emerged as a major buyer of Russian crude after the 2022 invasion of Ukraine, when discounted barrels diverted from Europe were rerouted to Asian markets – meaning that any loss of market share in India would shrink one of Moscow’s main export outlets.

Meanwhile, as Indian spot purchases soften, China's imports of Russian oil are on track for a record month. 

Russian share of India's January oil imports lowest since late 2022, data shows
https://t.co/w6wClXRX1Z

— Economic Times (@EconomicTimes) February 18, 2026

Data from Vortexa and Kpler, cited by Reuters, shows Chinese inflows at roughly 2.07–2.08 million bpd in February, underscoring a shift in trade patterns rather than a collapse in overall Russian exports.

Tyler Durden Fri, 02/20/2026 - 20:55

US Intelligence: 15,000+ Were Let Free From ISIS Detention Camp After Collapse

Another 'win' for America's disastrous Syria policy, long predicated on overthrowing the Assad government and installing a 'moderate' Sunni regime - though it turns out Jolani's bearded Hayat Tahrir al-Sham (HTS) militants are anything but...

"U.S. intelligence agencies have concluded that 15,000 to 20,000 people, including Islamic State affiliates are now at large in Syria, after an exodus from a camp that held jihadists’ families, U.S. officials familiar with the estimate said," The Wall Street Journal reports Friday.

Who could have predicted that chaos, instability, and terrorism would come out of the CIA's Operation Timber Sycamore? Well, we did, and every rational observer of the Syria situation.

Al Hol camp last year, AFP/Getty Images

A billion plus dollars and hundreds of thousands of lives after the decade-long proxy war, and this is all Washington has to show for it:  

Security experts have long warned that the wives of Islamic State fighters were effectively raising the next generation of militants at the sprawling Al-Hol facility. Security at the camp fell apart in recent weeks after Syria’s government routed the U.S.-backed Syrian Democratic Forces, which had guarded Al-Hol for years, raising concerns about the release of people who might have become radicalized during the years held behind the razor wire.

The size of a small city, the camp in Syria’s eastern desert at one point held more than 70,000 people after U.S.-backed forces destroyed what remained of Islamic State’s self-proclaimed caliphate in Syria in 2019. At the end of 2025, more than 23,000 people were there, according to a report this week from the Pentagon’s Inspector General.

The US military is rapidly backing out of this region after the years-long occupation, effectively throwing the Kurds (SDF) under the bus, as HTS radicals move in and take control. 

Given many analysts have pointed to HTS being 'ISIS-lite' to begin with, the following WSJ note is no surprise: "The vast majority have left Al-Hol after the Syrian government took control last month. Western diplomats in Damascus assessed that more than 20,000 people fled the camp in a matter of days earlier amid rioting and a surge of escape attempts."

There were even reports that the ISIS prisoners greeted the government HTS troops rolling in as 'liberators'. The new government is certainly not "fighting" Islamic State cells... quite the contrary:

As the Asayish is set to re-take the control of the Al hol camp and region (including everything north of it) - the Syrian Government Forces currently in charge of Al Hol Camp have opened the gates of the camp and are releasing+transporting as many ISIS members and families out… pic.twitter.com/2jQOR4hisI

— ScharoMaroof (@ScharoMaroof) February 13, 2026

And now the Washington blob is simply moving on to the next regime change operation, this time a little further east in Iran, which it turns out was a key Assad ally.

So in place of the secular nationalist Baath party (under the Assad family), the West has the literal founder of Syrian al-Qaeda as president of Damascus, letting ISIS prisoners and affiliates walk free.

Tyler Durden Fri, 02/20/2026 - 20:30

FDA Dropping Requirement For 2 Studies For New Drug Approvals

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The Food and Drug Administration (FDA) will approve many new drugs based on one trial moving forward, agency leaders have said.

FDA Commissioner Dr. Marty Makary in Washington on July 29, 2025. Saul Loeb/AFP via Getty Images

The FDA has typically required two studies from companies seeking approval for most new drugs, although in recent years it has approved some drugs based on a single well-run trial.

“The FDA has demonstrated disease-by-disease flexibility and has granted approvals based on a single premarket study with confirmatory evidence. In some fields, such as oncology, single trials have supported the majority of drug approvals,” Dr. Marty Makary, the FDA’s commissioner, and Dr. Vinay Prasad, head of the FDA’s Center for Biologics Evaluation and Research, said in an article published on Feb. 18 by the New England Journal of Medicine.

“However, although we have exercised flexibility in the past, there remains confusion from manufacturers regarding settings in which a single trial will be accepted. Moving forward, we are announcing that a one-trial requirement will be the FDA’s new default standard. This reform is being rolled out synchronously with the agency’s postmarket initiative to collect robust data on all drugs and devices.”

The two-study standard for drugs dates to the early 1960s, when Congress passed a law requiring the FDA to review data from “adequate and well-controlled investigations” before clearing new medications. For decades, the agency interpreted that requirement as meaning at least two studies, preferably with a large number of patients and significant follow-up time.

The second study would, in theory, confirm that the first trial’s results weren’t a fluke and could be reproduced.

Beginning in the 1990s, the FDA increasingly began accepting single studies for the approval of treatments for rare or fatal diseases that companies often struggle to test in large numbers of patients. Over the past five years, roughly 60 percent of first-of-a-kind drugs approved each year have been cleared based on a single study.

Makary and Prasad said that the historical reliance on multiple studies “was intended to provide credible causal evidence that a therapy could improve clinical outcomes with acceptable safety in a world where biologic understanding was more limited than it is today.”

They later added: “In the modern world, as drug discovery becomes increasingly precise and scientific, the FDA considers not just effects on survival, but biochemical and intermediate changes that tell a complete biologic story: does this drug actually work? In this setting, overreliance on two trials no longer makes sense.”

The U.S. Food and Drug Administration in White Oak, Md., on June 5, 2023. Madalina Vasiliu/The Epoch Times

The change will save drug developers money and reduce the time it takes to get drugs to market, the officials said. They expect more drug development in response.

Dr. Janet Woodcock, the FDA director who led the agency’s drug center for about 20 years before retiring in 2024, said the change makes sense and reflects the FDA’s decades-long move toward relying on one trial, combined with supporting evidence, for various life-threatening diseases, including cancer.

“The scientific point is well taken that as we move toward greater understanding of biology and disease we don’t need to do two trials all the time,” Woodcock said.

Dr. Reshma Ramachandran, assistant professor of medicine at the Yale School of Medicine, said in a post on X that it’s true most FDA approvals in recent years have been based on single, strong trials.

“But as the authors noted (& have for years!), patients are increasingly left with uncertainty of their effectiveness,” she wrote, “so why set a standard continuing the (bad) same old instead of demanding more?”

Makary and Prasad said that they reserve the right to demand additional testing if a trial has limitations or deficiencies.

“Instead of prioritizing finite reviewer time reading and assessing two or more pivotal trials, we will focus our energies on ensuring that the one clinical trial we require provides the most up-to-date and useful information for American patients,” they wrote.

The Associated Press contributed to this report.

Tyler Durden Fri, 02/20/2026 - 20:05