37 Senate Democrats Urge USPS To Refuse Trump's Vote-By-Mail Executive Order

Authored by Chase Smith via The Epoch Times,

Thirty-seven Senate Democrats sent a letter Monday to the U.S. Postal Service’s board of governors calling on the agency to refuse to implement a March 31 executive order that directs the USPS to use state-submitted lists to determine which voters may receive mail-in and absentee ballots.

The order specifically mentions U.S. citizenship as a key element for eligibility.

Senate Democratic Leader Chuck Schumer (D-N.Y.) led the effort alongside three ranking committee members: Sen. Gary Peters (D-Mich.), ranking member of the Homeland Security and Governmental Affairs Committee; Sen. Alex Padilla (D-Calif.), ranking member of the Senate Rules and Administration Committee; and Sen. Dick Durbin (D-Ill.), ranking member of the Senate Judiciary Committee.

Executive Order 14399, signed March 31 by President Donald Trump, directs the Postmaster General to initiate a rulemaking within 60 days establishing uniform standards for mail-in and absentee ballot processing. 

Under the order, USPS would be prohibited from transmitting mail-in or absentee ballots to any voter not enrolled on a state-submitted eligibility list, which the order calls a “Mail-In and Absentee Participation List.” A final rule must be issued within 120 days of signing.

The order also directs the Department of Homeland Security to compile federal citizenship records into state-by-state voter eligibility lists, drawn from Social Security Administration and immigration databases, and transmit those lists to state election officials at least 60 days before each federal election.

The senators argued that the order unconstitutionally transfers authority over federal elections to the executive branch, noting that the Constitution vests authority over the ’times, places, and manner' of federal elections with the states, subject to alteration by Congress.

“The Constitution provides no role for the President in regulating federal elections,” the Democratic senators wrote. “And no statute delegates to the President any authority to regulate elections or voter eligibility either, including via USPS. By issuing the executive order, however, the President is attempting to unconstitutionally consolidate power to personally regulate American elections.” 

The senators said the order would effectively ban mail-in voting in any state unwilling to submit its absentee voter lists to the USPS, and would give the postal agency power to determine which voters’ ballots get delivered to election officials at all.

The senators also pointed to language in a December 2025 USPS rule on postmarking procedures, in which the agency described its limited role in elections. 

“While the Proposed Rule contains information of potential relevance to election officials and to citizens who choose to vote by mail, the Postal Service does not administer elections, establish the rules or deadlines that govern elections, or determine whether or how election jurisdictions utilize the mail or incorporate our postmark into their rules,” the rule noted. “The Postal Service also does not advocate for or against any particular voting practices (including mail-in voting).”

The order has generated legal battles on two fronts.

1. On the voter data side, the federal government sued 30 states and the District of Columbia for refusing to hand over voter registration records to federal officials, and at least five federal judges have ruled against that effort. 

2. On the mail-in ballot side, the Democratic Senatorial Campaign Committee filed a lawsuit on April 1, arguing that the order restricts Americans’ ability to vote by mail. A coalition of 12 Republican state attorneys general filed motions on April 20 in Massachusetts and Washington to defend the order against that challenge. 

The White House and USPS did not respond to a request for comment before publication.

The letter was addressed to USPS Chairwoman Amber McReynolds, Vice Chairman Derek Kan, Governors Ronald Stroman and Daniel Tangherlini, and Postmaster General David Steiner.

Tyler Durden Thu, 04/23/2026 - 22:10

Judge Blocks Trump Admin's Move To Halt Wind, Solar Approvals

Authored by Owen Evans via The Epoch Times,

A federal judge on Tuesday blocked the Trump administration’s efforts to halt federal approvals for wind and solar projects.

Chief U.S. District Judge Denise Casper in Boston issued a preliminary injunction on April 21, sought by a coalition of renewable energy groups.

The injunction blocks five specified agency action measures, including Interior review rules, a wildlife permitting ban, land-use limits, an Army Corps memo, and a legal opinion that had tightened permitting and slowed wind and solar approvals.

The judge said the plaintiffs were “likely to succeed on the merits of their claims” that the Interior Department and other agencies adopted policies that violate the Administrative Procedure Act, which governs how U.S. agencies make and justify policy decisions.

Her ruling applies to members of the plaintiff organizations, which include RENEW Northeast and Alliance for Clean Energy New York.

“This is an undeniable victory for members of our coalition and the broader clean energy industry, as well as American households and businesses,” ​the groups said in a joint statement.

The Interior Department said in a statement that while it does not comment on litigation, “America sets the global standard for energy production.”

On his first day in office, President Donald Trump pledged to maximize U.S. oil and natural gas production and suspended offshore wind leases.

On April 20, Trump invoked the Defense Production Act to issue a series of memorandums focused on strengthening coal supply chains, ​natural gas transmission, and ​liquefied natural gas capacity.

The president also signed memos aimed at boosting domestic petroleum production, enhancing grid infrastructure, and expanding the deployment of “large-scale energy” and related infrastructure.

In a post on X, White House spokeswoman Taylor Rogers said the memos would allow the Energy Department to use funding from the One Big Beautiful Bill Act to strengthen the country’s “grid infrastructure and unleash reliable, affordable, secure energy.”

The Defense Production ​Act is ​a ⁠Cold War-era legislation that grants the president authority to expand and expedite the supply of materials from the domestic industrial base for national security purposes.

In April 2025, the Trump administration ordered a halt to the development of Norway-based company Equinor’s Empire Wind project, which the Biden administration approved in 2023. However, the stop-work order was lifted a month later, and construction was allowed to resume.

The Trump administration’s actions are a significant shift from the Biden administration’s effort to expand wind-power leasing, which aimed to build 30 gigawatts of offshore wind power by 2030 and another 15 gigawatts of floating offshore wind power by 2035.

According to legal firm Latham & Watkins, Foreign Entity of Concern rules, strengthened by the One Big Beautiful Bill Act, aim to block the Chinese regime’s influence in the solar and renewable energy supply chain by denying clean energy tax credits to projects that involve entities linked to the regime.

U.S. Energy Secretary Chris Wright told the BBC in September 2025 that the Trump administration had “serious concerns” about Europe’s reliance on Chinese renewable technologies.

“It looks like the Chinese could control what’s going on with your energy system,” he said.

Wright also claimed in a Sept. 2, 2025, post on X, “Even if you wrapped the entire planet in a solar panel, you would only be producing 20 percent of global energy.”

“One of the biggest mistakes politicians can make is equating electricity with energy,” he added.

Trump, a vocal critic of wind energy, particularly in the UK, has described it as “the most expensive energy ever conceived.”

Tyler Durden Thu, 04/23/2026 - 20:20

Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock

Analysts at Mercuria, the Geneva-based Swiss commodities trading firm, are sounding the alarm on the global aluminum market after severe disruptions in the Gulf region, adding to a growing list of trading desks and research teams warning of a deepening supply shock.

"The scale of the supply shock we're seeing in the aluminum market is probably the largest single supply shock a base metals market has suffered in the post-2000 era," Mercuria commodities analyst Nick Snowdon told Reuters on the sidelines of the Financial Times Commodities Global Summit in Lausanne, Switzerland.

Snowdon then told Reuters, "We are already in a 'black swan' event. No one could have foreseen something on this scale."

Mercuria is a Swiss commodities trading house based in Geneva. Its traders sell, ship, store, and finance physical commodities across markets such as oil, gas, power, LNG, and metals.

Snowdon's alarm over the global aluminum market is mainly because the Gulf region accounts for 9% of world supply, and with major smelters already declaring force majeure and the Hormuz chokepoint blocked for much of this week, this is shaping up to be one of the most memorable shocks in the metal market in decades.

Aluminum prices have already surged to a four-year high, and Mercuria estimates the market could face at least a 2 million-ton deficit by the end of the year, potentially worse if the US-Iran conflict drags on and alumina flows through Hormuz chokepoint remain heavily constrained.

"That shortfall compares with about 1.5 million tons of visible inventory and just over 3 million tons of total global stock, including non-visible units, leaving the market with limited buffers," Snowdon said, adding that a larger deficit is possible. 

He warned that the most exposed supply chains to the Gulf shock are in the US and Europe. He noted both regions rely heavily on Middle Eastern aluminum imports and already have low stockpiles.

Last week, JPMorgan analysts warned that the aluminum market is descending into a black hole, or a "metaphorical point of no return," where the "global aluminum market will face a serious and prolonged supply outage," even if vessel flows through the Hormuz chokepoint resume in the near term.

Separately, Goldman commodity specialist James McGeoch recently warned clients, "Hard to think of a bigger metal supply shock: High degree of expectation this was where it was heading, but the initial reaction was to fade the uncertainty yesterday. That should be replaced by fresh length if history is a guide."

From Mercuria to JPM to Goldman, traders and analysts at these mega institutions are all warning of a metal supply shock, with major risks that could curtail the production of anything from planes to tanks to cars and even power infrastructure. 

Tyler Durden Thu, 04/23/2026 - 19:55

CIA-Backed AQ-Linked Syrian Leader Watching Dance Performance To Missy Elliott Song Goes Viral

Via Middle East Eye

A video of interim Syrian President Ahmed al-Sharaa (previously, Abu Mohammad al-Julani) watching a dance performance to Missy Elliott's Work It has gone viral, sparking a mix of amusement and confusion on social media.

The performance took place on Monday at the recently reopened al-Feyhaa Sports Hall in Damascus, which Sharaa had inaugurated earlier that day before a Syria-Lebanon basketball match later that evening.

The game marks the first time Syria and Lebanon have played against each other since the fall of Bashar al-Assad in December 2024. 

Ahead of the game, a group of dancers took to the stage, performing a dance routine to Work It, a song containing sexually explicit lyrics, by US rapper Missy "Misdemeanor" Elliott. Other performances reportedly included Rihanna's Rudeboy and Gwen Stefani's Hollaback Girl. 

The Syrian leader is seen sitting in the audience with a deadpan expression on his face. 

In light of Sharaa's background as a former militant and member of al-Qaeda, his attendance at a performance of a western song, featuring sexually explicit lyrics, stunned many social media users. 

"The ISIS president of Syria Al-Sharaa vibing to @MissyElliott is not something I was ready to see this year", one person commented on X.

After Sharaa’s Islamist group, Hay’at Tahrir al-Sham, seized Damascus on December 8, 2024, ousting longtime ruler Assad, Sharaa became Syria's interim president and rapidly transformed from a militant into a statesman.

The concept of a former terrorist Leader publicly jamming to "Work It" by Missy Elliott pic.twitter.com/i7Y7nXvVl3

— Moh (@Daimohnds) April 21, 2026

"Never thought I'd mention al-Sharaa and Missy Elliot in the same sentence, but then here we are. Not touching the lyrics (I doubt Sharaa knows what Missy E is singing about)... but damn, what a “flip it and reverse it” moment!", another person posted on X, in response to the video.

Shortly after celebrating his victory in December 2024, Sharaa warmly began embracing world leaders he once eschewed and appeared in western media outlets, where he spoke of Syria's "diversity as a strength" and of "unifying the country".

He also promised to pursue former government personnel and loyalists implicated in war crimes, trimmed his beard and lost his turban and thobe for a suit and tie. 

The ISIS president of Syria Al-Sharaa vibing to @MissyElliott is not something I was ready to see this year. https://t.co/y19UVH3Bup

— Joel Jenkins (@boganintel) April 22, 2026

His attendance at the performance was seen by many online as a further sign of his departure from his past, albeit with raised eyebrows, given the swiftness of his transformation.

"Al Qaeda is dead and Missy Elliott is alive!" one user posted on X.

While Syria's transitional administration has initiated economic reforms, including public-sector employee reductions, tax system reforms, and the reopening of border crossings, several people have questioned the sustainability of Sharaa's transformation and pointed out that the Syrian leader has, to date, not publicly apologized for past actions. 

His transition from head chopper to Missy Elliott fan has to be one of the most remarkable transformation stories ever. Yet we have heard virtually zero explanation as to his change, nor any apologies for his past actions

— Sheriff Detmer (@SheriffDetmer) April 21, 2026

"His transition from head chopper to Missy Elliott fan has to be one of the most remarkable transformation stories ever. Yet we have heard virtually zero explanation as to his change, nor any apologies for his past actions," a social media user commented on X. 

* * *

Tyler Durden Thu, 04/23/2026 - 18:40

PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States

Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co.

Since the start of the Iran war, Pimco has lent more than $10 billion to state-backed and government borrowers in the Gulf via so-called private placements. The $2.27 trillion asset manager has been a significant buyer of privately placed bonds issued by the governments of Abu Dhabi, Qatar and Kuwait, as well as by Qatar National Bank. Pimco also participated alongside other investors in several placements that boosted the size of existing Abu Dhabi bonds by a combined $2.5 billion. 

In total, regional borrowers raised $13.8 billion from Feb. 28 to April 23, in privately placed bonds denominated in hard currency, according to data compiled by Bloomberg, with Pimco accounting for a majority of that lending.

Private placements offer trade-offs for issuers rushing to get to market: they can be more expensive than public debt (and thus soffer higher returns for buyers such as Pimco). In return, sellers are able to borrow faster, with more privacy and greater flexibility on deal terms.

The coupon on Qatar’s privately placed bond was 4.8%. That was about 0.3% higher than implied by the yield curve for the country’s public traded bonds, according to Bloomberg calculations. The actual yield for bondholders depends on the price at which they bought it from the issuer, which wasn’t disclosed.

“Not all countries have the option of borrowing at reasonable interest rates at a time of geopolitical uncertainty. It’s notable that the three Gulf nations with the strongest balance sheets are the ones tapping the market,” said Ziad Daoud, chief emerging markets economist at Bloomberg Economics. “And they’re resorting to private borrowing instead of public issuance. The latter probably requires more disclosure and higher transparency.”

To Pimco, which has been invested heavily in emerging market bonds, the Gulf scramble to find buyers for its bonds has been a boon. The Newport Beach-based fund opened an office in Dubai last year, joining a rush of investment companies seeking to deepen their presence in a region flush with sovereign wealth. Pimco said this move built on over 20 years of managing assets for investors in the Middle East.

Pimco intends to hold the bonds over the long term, a Bloomberg source said. Earlier this month, Pimco - which is rapidly emerging as a lender of last resort - bought all of a $400 million bond issued by a Blue Owl Capital, in an important vote of confidence for the private credit specialist.

Gulf bond markets have been among the busiest globally in recent years, with regional borrowers selling about $50 billion of public debt in the first two months of this year. But those markets have effectively shut since the conflict began.

Before a ceasefire between the US and Iran was agreed in early April, Gulf Arab states contended with thousands of missiles and drones over several weeks, intercepting the vast majority. The effective closure of the Strait of Hormuz disrupted energy exports — a key source of government revenue — prompting the International Monetary Fund to cut growth forecasts across the region.

Over the weekend, the WSJ reported that the UAE informally inquired about a currency swap, if the economic and financial impact of the war worsens. The Emirati ambassador to Washington signaled the country had no need for external financing, and Bloomberg Economics’ Daoud described the inquiry as “a call for confidence, not a call for help.”

US Treasury Secretary Scott Bessent said Wednesday that many Persian Gulf allies had requested foreign exchange swap lines with the US, a day after President Donald Trump said an arrangement with the UAE is under consideration.

 

 

Tyler Durden Thu, 04/23/2026 - 18:15

Air Force Extends Use Of Iran Attack Plane A-10 'Warthog' To 2030

Authored by Victoria Friedman via The Epoch Times,

The U.S. Air Force said on April 20 that it would extend the life of the A-10 Thunderbolt II attack aircraft—commonly referred to as the “Warthog”—for another four years beyond its previously stated retirement deadline of 2026.

Air Force Secretary Troy ​Meink wrote on X that following consultation with Secretary of War Pete Hegseth, the Air Force “will EXTEND the A-10 ‘Warthog’ platform to 2030,” adding that this decision “preserves combat power as the Defense Industrial Base works to increase combat aircraft production.”

The A-10 is being deployed in operations in Iran, according to U.S. Central Command (CENTCOM), which said in a March 25 post on X that it had been used to strike Iranian naval vessels during Operation Epic Fury.

Chairman of the Joint Chiefs of Staff Gen. Dan Caine previously revealed at a March 19 Pentagon news conference that the craft was “now in the fight across the southern flank and is hunting and killing fast-attack watercraft in the Strait of Hormuz.”

According to an Air Force fact sheet, the Warthog was the first Air Force aircraft designed specifically to provide air support for ground forces. It can fly near combat areas for extended periods of time, and be used as an attack aircraft against ground targets, “including tanks and other armored vehicles.”

Former F-16 Thunderbird fighter pilot Ryan Bodenheimer, who runs the YouTube channel “Max Afterburner,” described A-10 in a March 15 video as “America’s flying tank.” He said it could be used to take down Shahed drones, as well as some of the fast-attack boats Iran still had in service at the time.

The Warthog is resilient, able to survive hits from armor-piercing and high-explosive projectiles up to 23mm, according to the Air Force.

However, they’re not invulnerable. On April 3, a pilot ejected from an A-10 after it was hit, with Iranian forces taking credit. The pilot parachuted to safety in Kuwait before the Warthog crashed.

Attempts to Retire the A-10

Some in the Air Force said that the A-10, which first flew in 1976, is too old, too slow, and too expensive to maintain, ​prompting calls for its retirement to free up funds to develop modern defense solutions such as hypersonic weapons. But those opposed to the retirement say that cutting the fleet before there is a suitable replacement could leave ground troops without adequate air support.

In 2021, then-President Joe Biden wanted to retire dozens of the aircraft to free up resources for modernization, but  Sen. Mark Kelly (D-Ariz.)—in whose state many of the craft are based—pushed back and secured language in defense legislation that blocked retirements.

Kelly argued that the aircraft should not be taken out of commission until a replacement is available.

That same year, Air Force Lt. Gen. David Nahom told a House of Representatives hearing that if the number of A-10s is not reduced, the Air Force will face a shortage of mechanics for newer planes.

An A-10 Thunderbolt II undergoes pre-flight inspections at Davis-Monthan Air Force Base in Arizona on March 23, 2006. U.S. Air Force photo by Airman 1st Class Jesse Shipps

The Warthog has some enthusiastic defenders outside the Pentagon.

Defense analyst Mike Fredenburg wrote in a March 24 opinion piece in The Epoch Times: “Despite Air Force claims that the A-10 has no place on the modern battlefield, a claim it has been making for decades, the A-10 is once again using its unmatched versatility and loitering capability to destroy fast-attack watercraft, drones, and enemy positions.

“And for the role it is performing in Operation Epic Fury, the Warthog is vastly superior to any F-35, F-15, F-16, or B-2, or even the most advanced drone in the U.S. arsenal.”

Tyler Durden Thu, 04/23/2026 - 17:50

Texas Instruments Jumps Most Since Dot-Com On Upgraded Outlook; Goldman Sees Analog Recovery

Shares of Texas Instruments jumped the most since the Dot-Com bubble era after the chipmaker issued a stronger-than-expected second-quarter forecast, signaling that demand is rebounding across industrial markets and data centers. Goldman analysts told clients the guidance suggests the "analog recovery is continuing." 

Revenue guidance of $5 billion to $5.4 billion and profit guidance of $1.77 to $2.05 a share both came in well above the Bloomberg Consensus estimate of estimate $4.85 billion, while first-quarter results also beat expectations.

Here's a snapshot of first-quarter results (courtesy of Bloomberg):

EPS $1.68 vs. $1.28 y/y, estimate $1.38

Revenue $4.83 billion, +19% y/y, estimate $4.53 billion

• Analog revenue $3.92 billion, +22% y/y, estimate $3.68 billion
• Embedded processing revenue $723 million, +12% y/y, estimate $683 million
• Other revenue $178 million, -16% y/y, estimate $168.7 million

Operating profit $1.81 billion, +37% y/y, estimate $1.54 billion

Capital expenditure $676.0 million, -40% y/y, estimate $689.9 millio

Free cash flow $1.40 billion, estimate $1.2 billion

R&D expenses $510 million, -1.4% y/y, estimate $530.7 million

Cash and cash equivalents $3.55 billion, +28% y/y, estimate $3.25 billion

CEO Haviv Ilan told analysts on an earlier call that the resurgence in demand for industrial components was broad-based across all geographies and segments. He added that while the company's revenue remains below its previous peak, that's only spurring optimism that upside momentum will continue.

"There is a lot of room to grow," Ilan said. "I saw it across all sectors in industrial."

Institutional commentary from Goldman analyst James Schneider had some very positive takeaways from earnings:

Key stock takeaways: We expect the stock to trade higher following a quarter and guidance that came in well above the Street. We believe expectations were somewhat elevated given management's constructive commentary at recent conferences, and based on our conversations we believe most investors were positioned more constructively ahead of the quarter.

We see the strong recovery in the industrial end market as a particularly encouraging read-across for the sector. Although we continue to see a recovery across the analog sector (including for TI), we believe peers have managed their inventory levels far more proactively — and hence we believe gross margins are likely to recover much faster for peers (along with significant upward earnings revisions) than for TI.

We continue to have a preference for peers (including Microchip, NXP, and Analog Devices) who are likely to see greater upward earnings revisions in the near term, and we retain our relative Sell rating on TXN given the ongoing gross margin headwinds we expect in the coming quarters.

Schneider continued: 

Read-through to our coverage: We expect a positive initial reaction for the analog group, with the most direct read-across for MCHP (Buy) and ADI (Buy) given their relatively high industrial exposures.

He raised Goldman's 12-month price target to $200 from the previous $175 and maintained a "sell" rating: 

Here's what other institutional desks are saying:

Barclays (raised to equal-weight from underweight, PT to $250 from $175)

• Upgrade reflects multiple quarters of growth in the company's Industrial business

• While a lot seems baked into the stock, "Industrial exposure is the place to be in Analog today"

BofA Global Research (raised to buy from neutral, PT to $320 from $235)

• Upgrades rating after solid 1Q earnings on "industrial strength, data center power content, and US-based manufacturing"

• "Pricing has not been a factor, but could offer incremental good news in 2H which we conservatively model below seasonal trends"

Truist Securities (hold, PT $225)

• The results show broad-based upside, including "strong cash flow performance" 

• "Capital allocation was constructive for equity"

• The outlook is better than expected

Bloomberg Intelligence

• "Texas Instruments' 1Q results and 2Q outlook significantly beat consensus, solidifying a robust and broad recovery across its industrial markets, likely aided by new data-center sales"

Evercore ISI (outperform, PT to $316 from $270)

• The results were better than expected, while the outlook is "above seasonal"

Citi (buy, PT to $280 from $235)

• The results are strong, while the outlook is "well above seasonal"

Bloomberg Consensus Breakdown:

Traders rewarded Texas Instruments for its upgraded earnings outlook with buying panic mania on Thursday.

Shares in late-afternoon trading were up nearly 20%, the largest intraday move since the 24% gain on October 19, 2000. 

Shares are in bluesky breakout territory:

Professional subscribers can read Goldman's TI takeaway here at our new Marketdesk.ai portal

Tyler Durden Thu, 04/23/2026 - 17:25

12 AGs Petition Court To Defend Trump's Executive Order On Citizenship Verification In Elections

Authored by Janice Hisle via The Epoch Times,

Attorneys general from a dozen states on April 20 asked to intervene in two lawsuits that oppose President Donald Trump’s executive order on citizenship verification and other election integrity efforts.

The coalition of attorneys general filed motions in Massachusetts and the District of Columbia, expressing support for the president’s March 31 executive order, titled “Ensuring Citizenship Verification and Integrity in Federal Elections.”

After Trump issued the order, “left-leaning activists and progressive states” immediately challenged it, Missouri Attorney General Catherine Hanaway’s office said in a news release, “claiming it represents a federal intrusion on state authority over elections.”

She characterized Trump’s actions as “common-sense election integrity measures” in a statement and resolved to “defend every lawful step that promotes accurate [voter] rolls, secure absentee processes, and transparent administration.”

The president also issued a broader order in March 2025, titled “Preserving and Protecting the Integrity of American Elections.”

Both election-related orders have spawned numerous courtroom battles.

On April 17, a federal judge in Rhode Island became at least the fifth to rule against the Trump’ administration’s voter-roll-collection attempts. Some states agreed to turn over the requested data, but the Trump administration sued 30 states and the District of Columbia for refusing to do so.

Trump’s 2026 order requires federal agencies to compile a state citizenship list to assist state election officials in confirming which people are U.S. citizens, over 18, and residents of the state—all mandatory to be eligible to vote.

The order also instructs the U.S. Postal Service to improve security of mail-in ballots, using means such as barcodes that allow tracking of official election mail.

“Missouri and the other states are fighting for access to these resources and to work alongside the federal government in guarding the integrity of American elections,” Hanaway wrote.

Attorneys general who joined Hanaway’s coalition hail from Alabama, Florida, Indiana, Kansas, Louisiana, Montana, Nebraska, Oklahoma, South Carolina, South Dakota, and Texas.

Commerce Secretary Howard Lutnick (L) and President Donald Trump before signing an executive order on election integrity in the Oval Office on March 31, 2026. Brendan Smialowski/AFP via Getty Images

The Washington lawsuit against Trump, filed on April 1 by the Democratic Senatorial Campaign Committee and other Democrats, frames Trump’s order as another attempt to “rewrite election rules for his own perceived partisan advantage.”

The lawsuit also calls provisions of Trump’s order “convoluted and confusing,” adding, “What is clear is that it dramatically restricts the ability of Americans to vote by mail, impinging on traditional state authority.”

In a separate action filed in the District of Columbia court on April 21, a grassroots organization, Common Cause, is asking a judge to stop what it calls “an illegal and unprecedented quest to stockpile millions of Americans’ confidential voter data.”

Common Cause requested the court to “hold unlawful, stay, vacate, and set aside” the national Voter Registration Nationalization Policy and to prohibit the Justice Department from “unlawful disclosure and use” of voter data.

The Massachusetts lawsuit, filed April 2, alleges that Trump’s order “violates the constitutional separation of powers because the president doesn’t have authority to set election rules. Only the states and Congress may do so,” a news release from the Brennan Center for Justice says.

The Brennan Center’s attorneys worked with lawyers from other groups to file the federal complaint on behalf of the lead plaintiff, the League of Women Voters of Massachusetts, and additional organizations.

Tyler Durden Thu, 04/23/2026 - 17:00

Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak

Chipmaker Intel, which less than a year ago was trading like a distressed company, and required a capital infusion from the US government, and earlier today hit a 90x forward PE...

... soared after hours after giving a strong sales forecast for the current period, signaling that the recently struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. But before we get there, here is a quick look at what the company reported for the first quarter: 

• Adjusted EPS 29c vs. 13c y/y, beating estimate 1.0c
   
• Revenue $13.58 billion, +7.2% y/y, beating estimates of $12.36 billion
  • Intel Products revenue $12.78 billion, +8.7% y/y, beating estimate $11.53 billion
  • Client Computing revenue $7.73 billion, +1.3% y/y, beating estimate $7.1 billion
  • Datacenter & AI revenue $5.05 billion, +22% y/y, beating estimate $4.41 billion
  • Intel Foundry revenue $5.42 billion, +16% y/y, beating estimate $4.81 billion
  • All Other revenue $628 million, -33% y/y, beating estimate $605.3 million
  • Intersegment eliminations revenue -$5.25 billion, -12% y/y
     
• R&D expenses $3.38 billion, -7.3% y/y, beating estimate $3.18 billion
• Adjusted gross margin 41% vs. 39.2% y/y, beating estimates of 34.5%
• Adjusted operating income $1.67 billion vs. $690 million y/y, beating estimate $386.2 million
• Adjusted operating margin 12.3% vs. 5.4% y/y, beating estimate 3.08%

The Intel Foundry Services division - the company’s factory unit - generated revenue of $5.4 billion, up 16%. That unit currently relies almost exclusively on Intel product divisions for orders, though it is seeking outside customers. Its PC chip division had revenue of $7.7 billion, and the data center unit posted sales of $5.1 billion. All of those totals topped Wall Street estimates.  Gross margin was 41% on an adjusted basis. When Intel was at the height of its powers, it regularly reported margins north of 60%. It predicted a margin of 39% in the current period.

Commenting on the results, CFO David Zinsner said that “we remain focused on maximizing our factory network to improve available supply and meet our customers’ needs throughout the year.“

CEO Lip-Bu Tan chimed in: “The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings." 

While Q1 results were solid, especially at the data center level, it was the Q2 forecast that caught the market's attention: 

• Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, beating estimates of $13 billion.
• Adjusted EPS will be about 20 cents a share, also beating estimates of 9 cents.
• Margin is projected to rise to 39.0%, 

The upbeat outlook suggests that CEO Lip-Bu Tan is making progress on a challenging comeback plan. After lining up major investments in Intel last year which helped to strengthen the company’s balance sheet - Thursday’s results suggest he’s now delivering on a promise to improve its operations. 

The earnings report shows that the need for data center chips to power the massive AI expansion is lifting demand for Intel’s flagship Xeon server processors. That type of generalist semiconductor is a renewed focus for companies trying to turn their AI software into services that bring in revenue.

In an interview with Bloomberg, Tan said Intel delivered a “solid result” that was ahead of its projections. He expects the strong demand for processors used in AI systems to expand and said the company is “laser-focused” on increasing output from Intel’s factories, which still can’t produce enough to fill all its orders. 

“There is huge demand,” Tan said. “We are working very hard with our team to make sure we deliver, that we meet that demand but we are still short because the demand keeps increasing from the customers.

And, as Bloomberg notes, for now Intel has also been able to navigate another challenge the PC industry is facing: memory-chip shortages.

To be sure, the company has a long way to go to restore its former chip-industry glory. Its annual revenue of $53 billion last year was roughly $25 billion shy of the company’s peak revenue, achieved in 2021, when the stock was far lower. Wall Street projects 3% growth in 2026.

Red-hot demand for server products has lured memory suppliers into concentrating on the high-speed processors for those machines. That’s cut into production of standard products used in phones and personal computers, meaning fewer of those mass-market devices are being built and the prices are going up.

In addition to making progress on production, Tan has restored Intel’s balance sheet via outside investments - to the point where the company bought back part of a factory in Ireland that it had been forced to sell to raise cash. That purchase was seen as a sign of future confidence by investors. Adding to the optimism, Tesla CEO Elon Musk said Wednesday that he will use Intel technology as part of his effort to build an in-house chip manufacturing plant. Tan declined to provide further details on the relationship.

Finally, Intel said it would spend more than originally budgeted on capex, according to CFO Dave Zinsner. The company has plenty of factory space and will add more machines to fill it out, he said. Capital expenditures will now be about flat from where they were last year. Intel had earlier said it planned to reduce its outlay. 

In response to the strong earnings and guidance, Intel shares rose 14% in extended trading. The stock had gained 81% this year before the results were released, closing at $66.78. This has now pushed the company's fwd PE well above 100x.

With the 14% surge after hours, Intel stock has finally surpassed its dot com bubble high of $74.88 hit in August of 2000.

As Shay Boloor writes, "all it took was a CPU shortage, AI agents, SpaceX + TSLA terafabs and a bit of help from the U.S. government + NVDA." 

Tyler Durden Thu, 04/23/2026 - 16:46

Israel Waiting For US Greenlight To Renew Iran War: New 'Targets Marked', Says Katz

It should come as no surprise that the Netanyahu government is not happy with this current lull in the Iran war, as Trump's initially declared 3-5 day ceasefire extension has become more of an indefinite truce, with the Hormuz Strait blockade still on.

Israel is now preparing for the possibility of a return to fighting, the country's media is on Thursday reporting. Israel's leadership has consistently stated that it wants to see regime change or else total government and societal collapse, saying that only then would Iran never more be a 'threat to Israel.

Fresh remarks by Israeli Defense Minister Israel Katz have made clear that "Israel is prepared to renew the war against Iran. The IDF is prepared for both defense and offense, and the targets are marked."

But tellingly, he admitted a big obstacle stands in the way before the go ahead for a renewed bombing campaign can be given.

"We are waiting for the green light from the U.S., first and foremost, to complete the elimination of the Khamenei dynasty and to return Iran to the dark and stone ages by destroying Iran's major energy and power facilities," Katz said.

"This time, our strikes will be different and more deadly, and will deliver further devastating blows to the most painful places, which will shake and collapse the regime's foundations," he added.

Currently, the only place where Israeli forces are still actively engaged in combat related to the Iran conflict is in Lebanon. Technically a 10-day ceasefire, which is hanging by a thread, is still on. 

But there has been ongoing fighting and shelling targeting Hezbollah in the south, and the last days have seen it grow more intense, per local reports.

Meanwhile Prime Minister Netanyahu is expected to chair security consultations on Thursday evening, against backdrop of growing difficulties in the US-Iran talks, which appear to have been effectively frozen for the time being.

Israel says it is "prepared for any scenario" and is without doubt intensifying its intelligence-gathering and military preparedness, which includes the urgent restocking of its dwindled interceptor and missile arsenal.

Israel Defense Minister Katz:

Israel is prepared to renew the war against Iran. Waiting on a U.S. green light. pic.twitter.com/MTGFSAe5wh

— Open Source Intel (@Osint613) April 23, 2026

Al Arabiya, citing Israel Channel 13 is reporting that there's general anticipation in Israel that the war could resume "by the end of the week."

Tyler Durden Thu, 04/23/2026 - 16:40

Euthanasia Is Now 6% Of All Deaths In The Netherlands

Via Remix News,

Euthanasia is now responsible for 6 percent of all deaths in the Netherlands, and this figure is increasing every year.

According to a report by the regional euthanasia review committee (RTE), cited by the news portal Hirado, 10,341 people died by euthanasia in 2025, and while three-quarters of the applicants were over 70 years old, one case involved someone between the age of 12 and 18.

The number of those choosing to die by euthanasia due to mental illnesses decreased by almost a fifth (174 cases), but more than 85 percent suffered from physical diseases such as cancer, nervous system disorders, and lung or cardiovascular diseases.

There were 499 cases of euthanasia performed on patients with dementia, and the RTE investigated 11 cases where the patient was no longer competent. In addition, 475 cases involved the co-existence of multiple age-related illnesses, and 278 cases involved “other reasons.”

Pro-life advocates have argued that these “other reasons” often include selfish human interests, such as family members pressuring or emotionally manipulating an older relative to go through with euthanasia in order to obtain inheritance faster. In these cases, euthanasia is often carried out even when, according to supporters, it could not be justified.

Another seven cases involved doctors who did not fully comply with the required standards of care, and these are under investigation.

Just recently in Spain, a 25-year-old woman, Noelia Castillo Ramos, ended her life, despite her parents waging a two-year legal battle, fighting until the last minute for their daughter’s life. Although a ruling by the Constitutional Court in Madrid states that euthanasia cannot be used in cases where the source of suffering is mental illness, since “the state has the duty to protect these individuals from the risk of suicide,” Castillo Ramos was nevertheless was allowed to go through with euthanasia.

According to the Christian Lawyers organization, which represented the woman’s parents at various levels during the legal battle, “this case highlights the failure of the euthanasia law, since it facilitates suicide without the individual having received prior mental health treatment,” meaning that they would have had a chance to recover and live a full and happy life.

Spain’s Catholic bishops warned that “euthanasia and assisted suicide are not medical acts, but deliberate interruptions of the bond of care, and represent a social defeat when presented as a response to human suffering.”

In Castillo’s specific case, they added, “we are not dealing with a fatal illness, but with deep wounds that cry out for attention, treatment and hope.” Their call was also significant because it could help prevent further cases that lead to the taking of innocent lives.

The Spanish bishops also reminded society that “the dignity of the human person does not depend on their state of health, their subjective perception of life or their degree of autonomy,” but rather “is an intrinsic value that must be recognized, protected and helped in all circumstances.” For this reason, the response to human suffering “can never be to cause death, but rather to offer closeness, accompaniment, appropriate care and comprehensive support.”

“When life hurts, the answer is not to shorten the path, but to walk it together. Only in this way can we build a truly just society, where no one feels alone or excluded,” they concluded.

A group of Dutch experts in the field of child psychiatry recently called attention to the need to be particularly careful when it comes to cases of young people under the age of 25 requesting euthanasia due to psychological suffering. Their research suggests that the decision-making abilities of members of this age group can be influenced by brain development and a number of external influences.

According to the professors cited, the condition of those under the age of 25 is less likely to be considered permanent than that of those older than them. In addition, they are more exposed to social pressure and online influences, which can cause significant damage and lead them to make a compulsive and short-sighted decision.

Read more here...

Tyler Durden Thu, 04/23/2026 - 16:20

"Gone In 60 Seconds": Feds Uncover DC-Area International Car Theft Ring

Authored by Jill McLaughlin via The Epoch Times,

Federal authorities in the Washington area have uncovered an alleged international vehicle theft ring involving six people suspected of stealing cars and shipping them to Africa, where they are sold for top dollar.

Six people were charged on April 22 in connection with their roles in the alleged scheme.

A 15-count federal indictment was unsealed in U.S. District Court for the District of Columbia, charging the defendants with conspiracy to steal at least 20 vehicles in the Washington metropolitan area and Pennsylvania.

The cars are transported over state lines and sold to buyers in the United States and the African nation of Ghana, according to the U.S. Attorney’s Office in Washington.

The indictment follows a year-long investigation into an alleged auto-theft ring in the District of Columbia area that involved vehicles stolen using electronic devices that allowed thieves to reprogram cars to accept blank key fobs, prosecutors said.

“They don’t need keys, and they don’t need hot wiring—no smashed windows, no drama—just a sleek electronic device called an ‘Autel’ and under a minute the car’s brain is rewritten,” U.S. Attorney Jeanine Pirro said during a press conference on April 22.

“The car is gone in 60 seconds.”

An Autel device can be used to erase a vehicle’s records and reprogram its keys. Law enforcement is continuing to investigate the case, Pirro said.

The auto theft ring could involve more than 100 vehicles in the District of Columbia and more than 30 vehicles in Prince George’s County, Maryland.

Police officers working on the case executed a search warrant on April 21 at an automobile storage facility in Decatur, Georgia, locating several of the missing vehicles, prosecutors said.

The suspects are Jacob Hernandez, 29, of Los Angeles; Dustin Wetzel, 23, of Woodbridge, Virginia; James Young, 23, of Hyattsville, Maryland; Khobe David, 24, of Upper Marlboro, Maryland; and Chance Clark, 25, of Waldorf, Maryland.

Another defendant remains at large and is considered a fugitive. Prosecutors did not release the name of that defendant, whose indictment remained sealed.

According to the indictment, the stolen vehicles—mostly newer Honda Civics and CRVs, and Acura TLXs and RDXs—were first taken to be “cooled off” in storage locations in southeast Washington. Theeves allegedly disguised the cars by swapping license plates and obscuring the vehicle identification numbers (VINs), according to prosecutors.

Before shipping the stolen cars, the conspirators allegedly disabled the GPS and Bluetooth systems to deter detection.

A car transporter in Maryland was loaded with several of the recovered vehicles from an alleged international auto-theft ring that federal authorities say was connected to six people in the Washington metropolitan area. U.S. DOJ

“This isn’t joyriding,” Pirro said. “These are high-end vehicles loaded on transport carriers headed to ports in Savannah [Georgia] and Baltimore, Maryland.”

The stolen cars were then loaded onto shipping containers labeled as furniture to avoid more scrutiny and sent to Africa, where they were able to get “top dollar,” Pirro said.

Tyler Durden Thu, 04/23/2026 - 15:20

Beyond Cookies - How To Stop The Invisible Browser Fingerprint That Tracks You Everywhere

For years, the privacy advice was simple: clear your cookies, use incognito mode, or click "Reject All" on those annoying consent banners. That advice is now outdated.

A groundbreaking study published last year has delivered the first peer-reviewed proof that the $600 billion online advertising industry has moved on from cookies. The new tracking method is called browser fingerprinting, and it works even if you never log in, never accept cookies, and have legally opted out under privacy laws.

Researchers from Texas A&M University and Johns Hopkins University built a tool named FPTrace to measure exactly how this works in the wild. They simulated real user sessions, systematically altered browser fingerprints, and watched what happened to the ads being served and the bids advertisers placed in real time. The results were clear: when the fingerprint changed, the price advertisers were willing to pay to target that "user" changed with it. Tracking signals dropped. The system was actively using the fingerprint to follow people across sessions and sites.

And crucially, this happened even in tests where cookies were fully deleted and users were in "opt-out" mode under GDPR and CCPA rules. The law’s exit door for cookies does not cover fingerprinting.

How Browser Fingerprinting Works (No Permission Required)

Every time your browser loads a page, it leaks dozens of tiny, seemingly harmless signals:

• Screen resolution and color depth
• Installed fonts
• GPU model and graphics capabilities
• Audio processing signatures
• Browser version, plugins, and language settings
• Time zone
• Canvas rendering differences (how it draws hidden shapes)
• Whether you run an ad blocker
• Even battery level in some cases

Alone, each detail is common. Combined, they create a unique "fingerprint" that can identify your device with startling precision. No cookies. No login. No pop-up asking for consent. Just loading the page is enough.

Studies have long shown how pervasive this is. Princeton’s Web Transparency Project and related research have repeatedly found fingerprinting scripts running on a significant share of popular websites.

Princeton researchers tested the top 10,000 websites.

Fingerprinting scripts on 88% of them.

The EFF tested browsers directly.
83% had a fingerprint unique enough to track with no cookies at all.

You do not have to visit a shady site.
You just have to open a browser.

— AI Highlight (@AIHighlight) April 21, 2026

The Electronic Frontier Foundation’s long-running Cover Your Tracks test (formerly Panopticlick) has demonstrated that a large majority of browsers produce fingerprints unique enough to track users without any cookies at all—historically around 83% or higher in large samples.

Why This Matters Now

Cookies are dying. Google has been phasing out third-party cookies in Chrome, and Apple has aggressively blocked them in Safari for years. Advertisers needed a replacement that users cannot easily clear, block, or reset. Browser fingerprinting is that replacement: it is invisible, persistent, and rebuilds itself if your setup changes slightly.

The result? Targeted ads that follow you across devices and sessions, even when you think you’ve gone "private." And because it operates below the surface of most privacy laws, the protections many people rely on simply don’t apply.

What Actually Works to Protect Yourself

Most people get privacy wrong by making their setup more unique (rare browsers + 30 extensions = the most identifiable fingerprint on the internet). True anonymity comes from uniformity, not obscurity.

Here are the proven defenses, ranked by effectiveness:

1. Choose the right browser (the single biggest decision)

• Tor Browser – The gold standard. It forces every user to share the exact same fingerprint. Anonymity through uniformity.
• Brave – Excellent middle ground for everyday use. It randomizes canvas, WebGL, audio, and other fingerprintable surfaces every session.
• Firefox (with strict settings) – Strong out of the box and highly customizable. Avoid Chrome for privacy-sensitive activity; it offers no native fingerprint resistance.

2. Add the right extensions (Firefox or Brave only)

• uBlock Origin – Blocks fingerprinting scripts before they can run. (Note: Chrome’s Manifest V3 severely limited the full version; Firefox is required for maximum protection.)
• CanvasBlocker – Randomizes your canvas output whenever a site tries to read it.

3. Flip one powerful Firefox setting Type about:config in the address bar → search for privacy.resistFingerprinting → set it to true. This standardizes canvas, timezone, fonts, and other outputs so you blend in with everyone else. Takes 30 seconds and makes a measurable difference.

Bottom line: Clearing cookies no longer protects you. The advertising industry has quietly built a more resilient tracking system that operates in the shadows of your browser. 

Tyler Durden Thu, 04/23/2026 - 15:00

39 Going On 40 (Trillion)

Authored by Robert Aro via The Mises Institute,

A little over two weeks ago, on April 7th, the U.S. national debt crossed $39 trillion. Since then, another $150 billion has already been added to the ledger. While major news outlets missed the milestone, every trillion is worthy of mention.

House Budget Chairman Jodey Arrington (R-Texas) put the figure in perspective:

America is now $39,000,000,000,000 in debt—yes, $39 trillion. It took roughly 200 years to accumulate the first $1 trillion. Now we add that in a matter of months… Compounding the problem, we now spend more than $1 trillion a year just on interest to service our debt—more than the entire defense budget.

Almost three years ago, I wrote about the U.S. debt crossing the $32 trillion and $33 trillion marks. If there’s one economic projection to stand by, it’s this: within the next several months, the $40 trillion debt level will be breached.

Looking back at the last 200 years, or even the last three, it becomes clear that debt growth is not linear; the curve is moving up exponentially.

While the future is always uncertain, the trajectory is unmistakable.

One reason stands above the rest: the interest on the debt itself.

For context, net interest outlays were equivalent to 22.1% of total revenues through Q1 of FY 2026. Even if the national debt were frozen at $39 trillion today, the interest payments alone would be staggering. With the 10-year Treasury yield hovering between 4% and 4.5% at the time of writing, and annual interest surpassing $1 trillion, solvency should be a real concern.

Naturally, one might argue that with a Federal Reserve, solvency is not a concern. However, that’s the crux of the matter. America technically won’t become insolvent thanks to the Fed’s ability to create money (literally) out of thin air, and so, the final outcome is certain. Expanding debt and the accompanying expansion of the money supply are features of the system. History shows that monetary inflation, currency debasement, and the eventual crack-up boom are the recurring final outcomes.

Couple the interest problem with global conflict and the endless crisis response cycle of political outlays, and it’s fair to say that Congress has as much appetite for cutting spending as they do for ending the Federal Reserve

39 going on $40 trillion is an achievement only in the sense that many once thought we’d never see numbers this large. Over forty years ago, during the Reagan administration, the debt tripled from $1 trillion to $3 trillion, and life went on. Applying that same logic today and accounting for exponential growth, we are talking about $40 trillion becoming $120 trillion in our lifetime.

The idea of $50 trillion, $60 trillion, or even $80 trillion seems absurd, but history gives us no reason to assume a ceiling exists.

I still wouldn’t bet against America; the U.S. dollar persists largely because liberty and freedom still mean something in the USA, and the greenback remains the cleanest shirt in the dirty pile. But that doesn’t change the fact that life could be better for almost everyone. That is everyone except those who continue to steer society down a path Austrians have warned about for generations.

The debt clock keeps ticking. The numbers keep rising. And while life will go on, we must ask: what kind of life will it be? And for whom?

Tyler Durden Thu, 04/23/2026 - 14:40

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.

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

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.