Individual Economists

Raskin: Voter ID Law Violates The 19th Amendment In Denying The Vote To Women

Zero Hedge -

Raskin: Voter ID Law Violates The 19th Amendment In Denying The Vote To Women

Authored by Jonathan Turley,

With polling showing over 80 percent of Americans in favor of voter ID laws, it is hard to come up with reasons why you need an ID to board a plane but not vote in a federal election. That was particularly glaring this week when Sen. Jon Ossoff (D-Ga.) required people to show an ID to attend his campaign events after opposing an ID requirement to vote. So if you want to hear Ossoff speak against voter ID, you will have to show your ID. Now Rep. Jamie Raskin (D-MD) has a rather bizarre argument: the Safeguard American Voter Eligibility (SAVE) Act, if passed, would likely violate the 19th Amendment to the Constitution.

CNN Host Kasie Hunt told Raskin that “Voter ID is supported by the majority of Americans. But there are Democrats on the Hill and you voted against this? Why not support voter ID?”

Raskin then had this curious response:

“… what’s wrong with the Save act? What’s wrong with it is that it might violate the 19th Amendment, which gives women the right to vote, because you’ve got to show that all of your different IDs match.

So if you’re a woman who’s gotten married and you’ve changed your name to your husband’s name, but you’re so now your current name is different from your name at birth.

Now you’ve got to go ahead and document that you need an affidavit explaining why. And why would we go to all of these, troubles in order to keep people from voting when none of the states that are actually running the elections are telling us that there’s any problem.”

In fact, under various voter ID laws, states can create systems to address issues such as different maiden names or name changes following a divorce, including requiring a standard attestation provided by the state.

Nothing in the SAVE Act requires birth certificates be brought to polling places. 

It allows for the use of a signed attestation supplied by the state.

As for identification, various forms are allowed:

The legislation would require documentation that shows an individual was born in the U.S., including either:

  • An ID that complies with the REAL ID Act and indicates the holder is a citizen;

  • A passport;

  • A military ID card and military record of service that shows a person was born in the U.S.;

  • A government-issued photo ID that shows the person’s place of birth was in the U.S.;

  • Other forms of government-issued photo ID, if they’re accompanied by a birth certificate, comparable document or naturalization certificate.

Now, on the 19th Amendment, Raskin’s argument is simply ridiculous. Indeed, if this were credible, why has it not been used successfully against prior state voting ID laws? Rather than making this claim on CNN, it would be interesting for Raskin to try it in court once the SAVE Act passes.

It is unlikely to succeed because the 19th Amendment guarantees the right to vote, but, like all citizens, women can be asked to prove their eligibility to vote. The suggestion that requiring a signature on an attestation form is a barrier to voting is simply incredible.

The Nineteenth Amendment provides:

The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex.

Congress shall have power to enforce this article by appropriate legislation.

Requiring proof of your identity neither denies nor abridges the right to vote. Indeed, for supporters of voter ID laws, it protects the right to vote by ensuring that only eligible voters are counted in elections.

Would requiring the REAL ID also violate constitutional rights like the right to travel or association for those with name changes? Of course not. The government may require basic identification for such transactions while creating reasonable methods of addressing name or address changes.

The claim of a 19th Amendment violation is spurious but par for the course in our current political environment. As with claims that democracy is about to die, these inflammatory claims are designed to distract voters who overwhelmingly support Voter ID. Democratic members are unified in opposing such laws. That is a debate that should be resolved on the merits, not meritless constitutional claims.

Jonathan Turley is a law professor and the best-selling author of “Rage and the Republic: The Unfinished Story of the American Revolution.”

Tyler Durden Sun, 02/08/2026 - 12:50

At Least 112 USAF C-17 Aircraft Headed To Middle East: 'Desert Storm Levels'

Zero Hedge -

At Least 112 USAF C-17 Aircraft Headed To Middle East: 'Desert Storm Levels'

An eye-opening and massive number of C-17 Globemaster military transport and cargo planes have been observed heading to Europe and the Middle East, in what some monitors have forewarned looks like the build-up to major war in Iran.

One regional watcher and pundit commented in response: "112 C-17s are in or on their way to the Middle East. Guys, that’s a lot. Like Desert Storm a lot. Stay tuned."

C-17, via USAF/X

This as on Friday the prominent open source account Armchair Admiral and others used public flight tracking data to tally that the huge armada of US Air Force C-17s and counting are en route - a trend since mid-January.

"A total of 112 U.S. Air Force C-17's have now either arrived or are en route to the Middle East with a further 17-18 in-progress flights, a number of Royal Air Force logistics flights from RAF Marham to RAF Akrotiri in Cyprus, and movement on U.S. Air Force CORONETs," the source said.

C-17s are massive, and can deliver huge amounts of equipment or large numbers of troops in a single go. The US military lists some of the following key capabilities:

  • Payload capacity of over 170,000 pounds
  • Ability to operate on short, austere runways as small as 3,500 feet
  • Intercontinental range, with in-flight refueling extending reach even further
  • Rapid load/unload design to keep missions moving under pressure

Iran and the US just concluded an initial round of indirect talks mediated by Oman, but despite some hopeful statements issued by either side, it is very clear Iran is not willing to negotiate its ballistic missile program - a sticking point being demanded by Washington. A second round is expected in the coming days, unless military action ensues first.

Iran's foreign minister has newly questioned whether Washington is taking these talks seriously, or if they are merely a pretext for more time to allow for a US force build-up in the region.

FM Abbas Araghchi asserted Tehran is not intimidated but that this raises "doubts about the other party's seriousness and readiness to engage in genuine negotiations." He added: "We are closely monitoring the situation, assessing all the signals, and will decide whether to continue the negotiations."

Prior to these weekend comments, the Iranian top diplomat stated, "If the United States launches an attack against us, we do not have the capability to attack its territory, so we would target American bases in the region. This would draw the entire region into war. We do not attack neighboring countries; we target American bases."

Tyler Durden Sun, 02/08/2026 - 12:15

The Investor Show: How NOT to Invest

The Big Picture -

 

 

Fun story: I meet this big guy at FutureProof (Maybe it was Investopedia’s cocktasil party?). We start chatting about his career in the military — he is a 20-year vet — and why he became a financial advisor.

He invites me on his pod, and we had fun chatting on his live stream “The Investor Show”:

“Returning to the mic for a special episode featuring one of the most respected voices in investing: Barry Ritholtz. After reading Barry’s book “How Not to Invest”, it was the best investment book I read in 2025! This live conversation will dive into what’s moving markets, how great investors think about risk, and the behavioral mistakes that can quietly sabotage long-term returns.”

More on Prince here

 

 

 

The post The Investor Show: How NOT to Invest appeared first on The Big Picture.

Nearly 2,000 Truckers Deemed Unfit Are Removed From American Roads

Zero Hedge -

Nearly 2,000 Truckers Deemed Unfit Are Removed From American Roads

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Almost 2,000 truckers deemed to be unqualified to drive on U.S. roads have been removed, with several arrested and many vehicles put out of service, the Department of Transportation (DOT) said in a Feb. 6 statement.

Trucks line up next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Mexico, on Jan. 22, 2025. Guillermo Arias/AFP via Getty Images

The action came as part of the first wave of Operation SafeDRIVE, a “high-visibility, multi-state enforcement and education effort focused on reducing dangerous driving behaviors, ensuring drivers are properly qualified, and addressing unsafe drivers and vehicles on the nation’s roadways,” the department said.

Inspectors from the Federal Motor Carrier Safety Administration teamed up with law enforcement partners in 26 states and the District of Columbia in the three-day effort, Jan. 13 to 15, carrying out “targeted enforcement actions along major freight corridors and other high-risk locations.”

The operation resulted in 8,215 inspections, with 56 truckers being arrested for driving under the influence and illegally being present in the United States, DOT said. A total of 1,231 vehicles were put out of service.

Out of the 2,000 truckers, 704 were removed from service, including nearly 500 for violating English proficiency standards. The removal of these 500 truckers follows the Trump administration’s implementation of English language proficiency requirements for truck drivers.

President Donald Trump signed an executive order in March designating English as the official language of the United States. In April, he signed another executive order that instructed Transportation Secretary Sean P. Duffy to remove commercial truck drivers failing English proficiency tests.

Proficiency in English should be a “non-negotiable safety requirement for professional drivers,” Trump wrote in the order. “They should be able to read and understand traffic signs, communicate with traffic safety, border patrol, agricultural checkpoints, and cargo weight-limit station officers.”

Derek D. Barrs, administrator of the Federal Motor Carrier Safety Administration, said the recent operation was about safety of the trucking sector. When drivers ignore rules or operate without having proper qualifications, they put lives at risk, he said.

Duffy said Operation SafeDRIVE “shows what happens when we work together with our law enforcement partners to pull unqualified drivers and vehicles off American roads.”

We need a whole-of-government approach to ensure the Trump administration’s strong standards of safety are in place to protect American families and reduce road accidents.

Crackdown on Unqualified Truckers

The crackdown on unqualified truck drivers comes amid incidents of illegal immigrants being involved in truck-related accidents.

In August, an illegal immigrant truck driver was accused of causing a crash that killed three people in Florida. In September, another illegal immigrant was arrested after a truck he drove caused an accident that resulted in a 5-year-old girl suffering critical injuries.

This month, Immigration and Customs Enforcement arrested an illegal immigrant from Kyrgyzstan after his truck hit a van in a head-on collision that killed four people in Indiana. He had obtained a commercial driver’s license in Pennsylvania, the Department of Homeland Security said in a Feb. 5 statement.

The Trump administration’s actions against unqualified drivers in the trucking industry has faced legal challenges.

In December, the state of California sued the administration after DOT decided to withhold $33 million in federal funding over the state allegedly failing to comply with the English proficiency requirement for truckers.

California argued in the lawsuit that it does enforce English-language rules for commercial drivers, accusing the DOT action of being “arbitrary and capricious, an abuse of discretion, and contrary to law; imperils the safety of all persons driving in California; and threatens to wreak significant economic damage.”

In June, the Federal Motor Carrier Safety Administration launched a nationwide review that discovered widespread noncompliance regarding the issuing of commercial driver’s licenses across several states, especially California, Colorado, Pennsylvania, South Dakota, Texas, and Washington.

In September, Duffy announced emergency action to restrict the eligibility of foreign-domiciled drivers to obtain these licenses.

Licenses to operate a massive, 80,000-pound truck are being issued to dangerous foreign drivers—oftentimes illegally,” Duffy said.

More recently, DOT announced on Jan. 8 that a review of North Carolina’s nondomiciled commercial driver’s licenses by the Federal Motor Carrier Safety Administration found that 54 percent were issued illegally. Duffy called this a dangerous situation.

“I’m calling on state leadership to immediately remove these dangerous drivers from our roads and clean up their system,” he said.

Tyler Durden Sun, 02/08/2026 - 10:30

San Fran's Tenderloin District Stores Double As "Secret Casinos" And "Sleazy Drug Dens"

Zero Hedge -

San Fran's Tenderloin District Stores Double As "Secret Casinos" And "Sleazy Drug Dens"

San Francisco officials say they have shut down or taken legal action against nine convenience stores in the Tenderloin after uncovering illegal gambling rooms, drug operations, and fencing schemes, according to the NY Post. City Attorney David Chiu said the shops had become centers of “drug-driven lawlessness” and helped sell stolen goods to shady customers.

“These convenience stores were magnets for drug activity, and, in some cases, the stores were selling illegal drugs themselves,” Chiu said, adding that his office has targeted the businesses over the past 18 months. In one case, police searching a smoke shop found five gambling machines, more than $17,000 in cash, gun magazines, and cannabis products.

The Post writes that another raid in 2025 revealed nearly 51 grams of meth hidden under a shelf, hundreds of glass pipes, electronic gambling machines, thousands of dollars in cash, and stolen merchandise. Officials say such discoveries highlight how some neighborhood shops had turned into underground casinos and drug hubs.

The crackdown is linked to a nighttime safety ordinance passed in July 2024. The pilot program restricts certain stores in high-crime areas from operating between midnight and 5 a.m. Businesses that break the rule can be fined up to $1,000 or face lawsuits. City leaders now want to extend the program and expand it to other troubled neighborhoods.

Supervisor Matt Dorsey said the policy gives residents a “cooling-off period” that discourages illegal behavior. Police Chief Derrick Lew also welcomed the effort, saying officers will remain “relentless” in targeting illegal drug markets.

Several other stores were forced out after landlords were alerted to unlawful activity, according to the city attorney’s office. Officials argue that closing these problem locations is a key step toward improving safety in one of San Francisco’s most troubled districts.

Tyler Durden Sun, 02/08/2026 - 09:55

Pentagon To Cut Academic Ties With Harvard, Hegseth Says

Zero Hedge -

Pentagon To Cut Academic Ties With Harvard, Hegseth Says

Authored by Aldgra Fredly via The Epoch Times (emphasis ours),

Secretary of War Pete Hegseth said on Feb. 6 that the Pentagon will cut all academic ties with Harvard University as the institution “no longer meets the needs of the War Department or the military services.”

Harvard University in Cambridge, Mass., on July 4, 2025. Learner Liu/The Epoch Times

Hegseth said the Pentagon would discontinue graduate-level professional military education, fellowships, and certificate programs with the Ivy League school beginning in the 2026-27 academic year for active duty service members.

This policy will apply to service members enrolling in future courses, while military personnel already enrolled at Harvard will still be allowed to finish their courses, according to the Pentagon chief.

For too long, this department has sent our best and brightest officers to Harvard, hoping the university would better understand and appreciate our warrior class,” he said in a statement.

“Instead, too many of our officers came back looking too much like Harvard — heads full of globalist and radical ideologies that do not improve our fighting ranks.”

Hegseth said Harvard is no longer a welcoming institution for military personnel, citing its partnership with the Chinese Communist Party (CCP) on campus research programs and a campus culture he said enabled attacks on Jewish students and “promotes discrimination based on race in violation of Supreme Court decisions.”

In a separate post on X, Hegseth said the institution was promoting “woke” ideology, which goes against the department’s values.

The Pentagon and military services also will evaluate similar relationships with other Ivy League schools and civilian universities in the coming weeks, according to the statement.

The goal is to determine whether or not they actually deliver cost-effective strategic education for future senior leaders when compared to, say, public universities and our military graduate programs,” Hegseth said.

The Epoch Times has reached out to Harvard for comment and did not receive a response by publication time.

Earlier this week, President Donald Trump said his administration would demand Harvard pay $1 billion in damages, accusing the university of being “strongly antisemitic.”

“Harvard has been, for a long time, behaving very badly! They wanted to do a convoluted job training concept, but it was turned down in that it was wholly inadequate and would not have been, in our opinion, successful,” he wrote on Truth Social.

The Trump administration has attempted to freeze billions of dollars in federal funding from Harvard following an investigation into diversity, equity, and inclusion (DEI) initiatives and claims of anti-Semitism in higher education last year. The White House said in April 2025 that Harvard failed to protect its students from harassment and violence on campus.

Harvard President Alan Garber filed a lawsuit against the administration in April 2025, seeking to restore $2.2 billion in grants and contracts withheld by the government.

A federal judge later reversed the funding freeze, ruling that the government violated the First Amendment through its efforts to combat anti-Semitism. The Justice Department appealed the decision in December 2025.

Tyler Durden Sun, 02/08/2026 - 09:20

Humanoid Robots Get "Brains" As Dual-Use Fears Mount

Zero Hedge -

Humanoid Robots Get "Brains" As Dual-Use Fears Mount

Chinese humanoid robotics firms are laser-focused on advancing "robot brains" for next-gen platforms already entering series production and headed to factory floors this year. Once these intelligent models push beyond scripted video stunts - we've all seen in promotional videos - into real-world autonomy, the systems become battlefield-ready, dual-use robots.

The Shanghai Morning Post reports that China-based robotics firm Dobot has developed Dobot-VLA, a vision-language-action model that allows its full-size humanoid Atom robot to "see through" clusters of tasks, "understand" ambiguous instructions, and make autonomous decisions to "get the job done."

"[This] ability to adapt autonomously based on an understanding of the environment is the starting point for humanoid robots to create value in industrial applications," the company told SCMP.

Rival UBTech open-sourced its humanoid-focused multimodal model, "Thinker," on GitHub and Hugging Face, aiming to address common embodied-robot issues such as lag and spatial inaccuracies.

UBTech claims strong benchmark results against Nvidia and ByteDance models and reports near-perfect performance (99.9%) on certain factory-floor tasks, such as moving boxes and sorting parts, with its "Walker S2" humanoid robot.

SCMP pointed out, "China's robotics industry is accelerating a shift from physical stunts that rely on preprogrammed routines to sophisticated abilities that require learning and adapting in the real world, seen as essential for mass commercial adoption in manufacturing and other scenarios."

The broader theme is that humanoid robot brains are being developed at hyperspeed, suggesting these robots will be marching on factory floors in the very near term, not just in China but also across the Western world, starting later this year.

We've warned readers that "Humanoid Robots Begin March on Assembly Lines and Beyond," meaning some of these systems could be dual-use and could soon appear at polygon weapon-testing facilities in Ukraine, potentially headed for battlefield deployment later this year if there's no peace deal by spring. The same could be said of Russian forces, which may soon be experimenting with Chinese bots.

Read the latest:

Skynet is already here.

The rise of humanoid robotics, first on the factory floor and then on the modern battlefield, is inevitable. 

Tyler Durden Sun, 02/08/2026 - 07:35

China Takes Step Towards 'Starlink Killer', Could Be Game-Changer In Ukraine

Zero Hedge -

China Takes Step Towards 'Starlink Killer', Could Be Game-Changer In Ukraine

Via Remix News,

A new, compact, high-power microwave weapon, the TPG1000Cs, has been developed at a Shanghai Nuclear Technology Institute, which could become one of the most serious threats to the Starlink satellite network. The device can deliver 20 gigawatts of energy for up to a full minute, the South China Morning Post reported, cited by Portfolio.

The TPG1000Cs, the world’s first compact driver for high-power microwave weapons, has been created at the Northwest Institute of Nuclear Technology in Shanghai. The device can deliver 20 gigawatts of power for up to one minute.

At just four meters long and weighing just five tons, the device is small enough to be mounted on trucks, warships, airplanes, or even satellites. Some Chinese experts estimate that a ground-based microwave weapon with a power of over 1 gigawatt could be capable of seriously disrupting or even damaging satellites in low Earth orbit, such as Starlink, being used in the Russian-Ukrainian war.

Previously known similar systems could operate continuously for no more than three seconds and were much larger. The Russian Sinus-7 drive, for example, was operational for about a second, delivered about 100 pulses per shot, and weighed up to 10 tons.

China has repeatedly signaled that Starlink poses a serious threat to its national security. Chinese military researchers are currently developing new “Starlink killer” weapons, including high-powered microwave systems and lasers, that could be used to relatively cheaply combat large constellations of low-orbit satellites if necessary.

SpaceX has lowered the orbital altitude of its Starlink satellites to reduce the risk of collisions. But that makes them much more vulnerable to attacks from ground-based directed energy weapons. If China eventually deploys the TPG1000Cs in space, the invisible strikes could be even more devastating.

Read more here...

Tyler Durden Sun, 02/08/2026 - 07:00

10 Sunday Morning Reads

The Big Picture -

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures:

You’ve Never Seen Super Bowl Betting Like This Before: Prediction markets are turbocharging America’s obsession with sports gambling. (The Atlantic)

10 Reasons This Is the Worst Crypto Winter Ever. Bitcoin is now down about 44% since its peak last October. Other cryptocurrencies are down much more. This isn’t in the deepest drawdown the space has ever had, but as far as crypto-winters go, this is the coldest. (Odd Lots)

Amid immigration crackdown, unauthorized access to license plate data: Hundreds of law enforcement agencies searched Mountain View’s ALPR data without the city knowing about it. (Mountain View Voice) see also Homeland Security is targeting Americans with this secretive legal weapon: In October, a retiree emailed a DHS attorney to urge mercy for an asylum seeker. Then DHS subpoenaed his Google account and sent investigators to his home. We have become a nation of petty cunts, teabagging each other in performative displays of trollery. Sad! (Think Big Picture)

The rise of in-car ads (ugh): Automakers now view infotainment screens as huge possible sources of ad revenue Our cars are already trying to sell us stuff. CarPlay is disappearing because automakers want our data. And soon, cars may even eavesdrop on our conversations for ad targeting. Oh, good more car crashes… (Sherwood)

The Rise of the Slopagandist: Nick Shirley and others like him are reminiscent of yellow journalism of the 19th century, updated and turbocharged by social media algorithms. (The Verge) see also The Trump Administration Is Publishing a Stream of Nazi Propaganda: Government social-media managers have transformed official feeds. (The Atlantic)

40 years later, a new look at lessons from the Challenger disaster: Christa McAuliffe’s flight as the “teacher in space” lasted 73 seconds. A reporter who witnessed the tragedy returned to the story and found an engineer still trying to spread its lessons. (Washington Post)

He Leaked the Secrets of a Southeast Asian Scam Compound. Then He Had to Get Out Alive: A source trapped inside an industrial-scale scamming operation contacted me, determined to expose his captors’ crimes—and then escape. This is his story. (Wired)

How to tear gas children: After ICE gassed a family-friendly protest in broad daylight, Portland is up in arms. (They seem like nice people…) (The Verge)

The Fashionable Notion of ‘Free Speech Culture’ Is Justifying State Censorship, Ironically: It’ll convince people that free speech is a sham. (The Unpopulist)

The Great Ticket Crisis: How Attending Live Events Became a Luxury Sport: It’s not just you: It’s never been harder to buy a reasonably priced ticket to a major concert or sporting event. Taylor Swift tours, World Cup matches, the Super Bowl, you name it… We dug in to the complex systems of the live-events market to explain why buying tickets feels like such a colossal mess right now. (GQ)

Be sure to check out our Masters in Business interview  this weekend with Bob Moser, CEO and founder of Prime Group Holdings, a private investor in unique real estate holdings. They created Prime Storage, one of the largest, privately-held self-storage brands in the world, with over 19 million rentable square feet of space and 255 locations across 28 states and the U.S. Virgin Islands. The firm has acquired over $10 billion in real estate assets.

 

Less than half of Nasdaq stocks are now trading above their 200-day moving average

Source: @Barchart

 

Sign up for our reads-only mailing list here.

~~~

To learn how these reads are assembled each day, please see this.

 

The post 10 Sunday Morning Reads appeared first on The Big Picture.

Will Falling Birth Rates Mean A More Conservative World?

Zero Hedge -

Will Falling Birth Rates Mean A More Conservative World?

Authored by Michael Barone via The Epoch Times (emphasis ours),

George Orwell was on to it almost 80 years ago—the problem of below-replacement level birth rates. In a short book written for the Britain in Pictures series in 1947, written just as Britain was emerging from wartime rigors into an uncharted postwar future, Orwell noted that despite an upward blip in birth rates during the war, “the general curve is downward. The position is not quite so dangerous as it is sometimes said to be, but can only be put right if the curve not only rises sharply but does so within ten or at most twenty years.”

David Veksler/Unsplash.com

“Otherwise,” he went on, forebodingly, “the population will not only fall, but, what is worse, will consist predominantly of middle-aged people. If that point is reached, the decline may never be retrievable.” Orwell did not live to see it—he died at the age of 46 in 1950—but the danger was averted. Postwar birth rates rose in Britain and parts of Europe, though not so robustly as in the United States, where the baby boom peaked in 1957 and petered out after the introduction of the birth control pill in 1962.

The peak U.S. fertility rate, or the projection of how many children the median woman would have if current birth rates continued, hovered above 3.5 and then plunged to 1.74 in the bicentennial year of 1976, just about the same as 2025’s 1.79.

Fertility rates remained low in the 1980s, then rose and occasionally reached the replacement rate of 2.1 in the high-immigration 1990s through the Great Recession of 2007. The latest rate was an uptick from the 1.6 levels of the COVID-19-affected 2020–24 period, leaving the United States with something similar to the dilemma Orwell warned Britons against.

And it’s not just the United States. Plunging birth rates are a worldwide phenomenon. Europe’s fertility rates have been well below replacement for years, with nations’ under-70 populations set to fall by 20 percent in the next decade, not only in economically stagnant Britain and France, where births are tilted toward immigrants, but also in rapidly growing, low-immigration Poland.

Birth rates have dropped below replacement rates since 2000 in most of Latin America, largely because of lower-income mothers, such as Hispanic women in the United States, having fewer children.

China, despite the repeal of its one-child policy in 2015, saw its fertility rate plunge to 0.9 in 2025. If births continued at current numbers, the lowest evidently since the 18th century, China’s population would shrink by more than half, from 1.4 billion to 625 million. Elsewhere in East Asia, the latest birth rates have fallen to 0.8 in Taiwan and Thailand, and even lower in South Korea.

Koreans have shown the determination to maintain their culture, including their alphabet and independence, in a neighborhood with many more Japanese and Chinese. They have risen from abject poverty to become world-class exporters since the 1953 armistice. But they may be at risk of disappearing: At current birth rates, every 100 South Koreans today will have only six great-grandchildren.

What is behind this worldwide trend? At least one thing is clear about what is happening in America—and how it’s different from previous periods. It’s that childbearing has increasingly become a partisan activity.

As the Institute for Family Studies’ Lyman Stone pointed out, American conservatives and progressives each had a fertility rate of 2.7 in 1980, well above replacement level. In the 2020s, conservatives’ fertility rate has dropped marginally to about 2.4, still above replacement level.

But the progressives’ rate has fallen to 1.8, below replacement level, and generally tracks the pattern in economically developed countries.

It’s not difficult to see why. Young women increasingly tilt left politically and also tend to marry less often, hold jobs outside the home, say they don’t want children, and travel more frequently. These behaviors correlate with childlessness or with delaying childbearing, which often results in fewer births than desired.

The gap reflects “systematic differences in family formation between conservatives and liberals,” analyst Zachary Donnini wrote. Before the Great Recession, this was masked by high birth rates among black women who were heavily Democratic. But black (and Hispanic) birth rates fell sharply after 2007.

At the same time, the gap in political and cultural attitudes between young men and women has grown wider, on campus (where young men are increasingly outnumbered) and off, and both marriage and premarital sex rates have declined.

Extrapolate those trends outward, and you see something like the picture revealed in the Census Bureau’s recently released 2026 estimates of states’ populations. They showed two-thirds of the national population increase occurring in safe red 2024 states, 21 percent in the seven seriously contested purple states, and only 11 percent in the safe blue states.

Similarly, since children tend to share their parents’ political views, Wall Street Journal contributor Louise Perry wrote, we can “expect the partisan fertility gap to usher in a United States that is more conservative. In fact, the whole of the developed world is on track to become more conservative.” That’s a trend that Orwell, a proud socialist, might well have found even more dangerous than it’s sometimes said to be.

Tyler Durden Sat, 02/07/2026 - 23:20

Trump Imposes Secondary Tariffs, Reaching 25%, On Countries Still Importing From Iran

Zero Hedge -

Trump Imposes Secondary Tariffs, Reaching 25%, On Countries Still Importing From Iran

US and Iranian delegations conducted eight-hours of indirect negotiations mediated by the Omani government in Muscat on Friday, but it was merely minutes after the close of the talks that the US Department of State announced yet more sanctions on Iran.

The punitive measures target 15 entities, two individuals and 14 vessels, charging them of being part of "the illicit trade in Iranian petroleum, petroleum products, and petrochemical products" - or the so-called shadow fleet.

via The Export Practitioner 

The Friday US statement signaled support for antigovernment protests which dominated headlines for much of the last month, but which have died down since.

"Time and time again, the Iranian government has prioritized its destabilizing behavior over the safety and security of its own citizens, as demonstrated by the regime's mass murder of peaceful protestors," the State Dept. explained.

But Tehran has pointed out not all of them were peaceful, given that dozens or even hundreds of police and security personnel were killed and wounded, in some cases by armed rioters who also torched buildings.

The Iranian response to these new actions was for Foreign Minister Abbas Araghchi to make clear Tehran's position that 'fair' dialogue as equals must be free of threats or pressure.

In a post on X, he said Iran "enters diplomacy with open eyes and a steady memory of the past year" - which means that "great distrust" now defines US-Iran relations and it needs to be overcome if any agreement can be forged.

But despite this plea, President Trump took more action in the form of slapping tariffs on any country still doing business with Iran:

The executive order, which takes effect on Saturday, directs the administration to impose new tariffs on countries that still do business with Iran.

It states that tariffs "may be imposed on goods imported into the United States that are products of any country that directly or indirectly purchases, imports, or otherwise acquires any goods or services from Iran."

The order also sets out a mechanism for determining and applying those duties, with US Secretary of State Marco Rubio tasked with setting the rate.

These tariffs could reach as high as 25%, echoing a threat first floated by Trump in mid-January. This would significantly impact the single biggest buyer of Russian oil, China.

The additional tariff would also be felt by Russia, Germany, Turkey and the United Arab Emirates - the latter three of these being Washington allies.

Tyler Durden Sat, 02/07/2026 - 22:45

Peter Schiff: Printing Money Is Not the Cure for Cononavirus

Financial Armageddon -


Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.






Dump the Dollar before Bank Runs start in America -- Economic Collapse 2020

Financial Armageddon -












We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Hillary Clinton's Top Secret Files Revealed Here

Financial Armageddon -

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.





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