Individual Economists

Vance: "You Don't Have To Apologize For Being White"

Zero Hedge -

Vance: "You Don't Have To Apologize For Being White"

Authored by Steve Watson via Modernity.news,

Vice President JD Vance announced Sunday the Trump administration’s decisive victory over the woke scourge of DEI, banishing it to where it belongs—the trash heap of failed ideas. Speaking at Turning Point USA’s AmericaFest, Vance made it crystal clear: America is back to rewarding merit and hard work, not pandering to identity politics that divide and weaken the nation.

This move shreds the chains of racial guilt and sex-based favoritism pushed by the radical left, restoring true equality under the law. With Trump at the helm, the radical left’s grip on discriminatory programs is crumbling.

Vance was forthright in his address, highlighting how the administration is dismantling the leftist playbook that treats people differently based on immutable traits.

“We have finally made it clear that in the United States, we believe in hard work and merit. Unlike the left, we stand against treating anybody, and I love what Nikki [Minaj] said about this, we don’t treat anybody different because of their race or their sex,” Vance said.

He added, “So we have relegated [DEI] to the dustbin of history, which is exactly where it belongs. In the United States of America, you don’t have to apologize for being white anymore.”

He drove the point home by addressing the unfair burdens placed on various groups under DEI regimes.

“And if you’re an Asian, you don’t have to talk around your skin color when you’re applying for college, because we judge people based on who they are, not on ethnicity and things they can’t control,” Vance continued.

He further urged, “We don’t persecute you for being male, for being straight, for being gay, for being anything. The only thing that we demand is that you be a great American patriot. And if you’re that you’re very much on our team.”

The declaration comes on the heels of President Trump’s executive order, signed mere hours after his inauguration on January 20, 2025, which eradicated DEI programs across the federal government. This swift action fulfilled a core promise to dismantle bureaucratic bloat that prioritizes division over unity.

Secretary of War Pete Hegseth revealed in a further speech that the Department of War has also scrapped promotion quotas, ensuring military advancements are based on capability, not checkboxes. It’s a stark contrast to the previous administration’s chaos, where open borders and identity obsessions eroded national strength.

Even the corporate world is waking up. Major players like McDonald’s, Walmart, and Coors are retreating from DEI initiatives, as a damning report in Econ Journal Watch exposed the flawed McKinsey studies claiming diversity boosts profits—turns out, they couldn’t be replicated. The house of cards is collapsing, revealing DEI as the fraud it always was.

Vance’s words echo a broader rejection of globalist agendas that undermine American values. By endorsing him for a potential 2028 run, TPUSA CEO Erika Kirk signals the rising tide of young conservatives ready to fight back against the elite’s control.

Vance’s message reinforces what MAGA has always stood for—unity through strength, merit over manipulation, and an unapologetic love for America. As the dust settles on DEI’s demise, the path forward is clear: a nation where freedom thrives, not divides.

Watch Vance’s full speech:

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Tyler Durden Mon, 12/22/2025 - 21:45

MSM Stays Silent As Horrific Video Emerges Of Attack On 75-Year-Old Woman In Seattle

Zero Hedge -

MSM Stays Silent As Horrific Video Emerges Of Attack On 75-Year-Old Woman In Seattle

Outside of local reporting in Seattle, corporate media outlets at the national level have entirely ignored the brutal attack on a 75-year-old woman by a repeat offender. The silence is telling and underscores how progressive criminal justice reforms continue to backfire spectacularly, enabling a revolving-door chaotic environment that releases serial offenders back onto the streets with nation-killing consequences.

That's correct. There has been no coverage in the mainstream press. The reason is very simple: corporate media outlets no longer function as independent news organizations, but as public-relations arms that filter stories based on narrative control rather than public importance. 

KOMO News released new surveillance video showing a horrific and random attack outside the King County Courthouse in downtown Seattle earlier this month.

According to charging documents, 42-year-old Fale Vaigalepa Pea used a wooden stick with a protruding screw to strike 75-year-old Jeanette Marken in the face.

KOMO said court records show Pea has been known to law enforcement for years and has a long history of violent behavior.

In 2011, Pea stabbed two people at a party in SeaTac, including one victim who was stabbed eight times. He was later convicted by a jury and sentenced to 18 months of community custody. Since then, he has been charged in multiple assault cases, including one in 2020, four in 2023, and another in 2024.

This year alone, Pea has been booked into the King County Jail eight times. Despite repeated arrests for assault, indecent exposure, drug offenses, property destruction, unlawful use of weapons, and malicious mischief, none of those arrests this year resulted in charges before the random attack on the 75-year-old woman.

Pea now faces a first-degree assault charge and is scheduled for a competency hearing later this month. Prosecutors argue that his actions and criminal history show he's a danger to the community.

What's most shocking is that body camera footage from officers at the scene described Pea as a "regular" and noted, "He's notorious for random assaults on Third."

Elon Musk commented on the shocking video on X, saying, "This keeps happening to innocent people."

Musk is likely referring to the fatal stabbing in Charlotte of a Ukrainian refugee by yet another serial offender released onto the street by progressive judges.

It's time to hold left-wing politicians, judges, and anyone in between accountable for allowing repeat criminals back onto the streets, slaying the innocent.

In the meantime, continue to avoid crime-ridden, Democrat-run cities and stay vigilant. None of this chaos should be happening, yet it has been allowed through nation-killing policies pushed by Democrats who follow a globalist framework aimed at undermining America from within.

Tyler Durden Mon, 12/22/2025 - 21:20

Despite Headwinds: Airlines On Track For A Record Year

Zero Hedge -

Despite Headwinds: Airlines On Track For A Record Year

The global airline industry is on track to hit new revenue and profit records in 2025 and 2026.

As Statista's Felix Richter details below, according to the latest industry outlook from the International Air Transport Association (IATA), commercial airlines, including passenger and cargo airlines, are expected to surpass $1 trillion in revenue for the first time this year, showing resilience in the face of significant headwinds.

This is especially true for the air cargo sector, which successfully weathered the storm after the Trump administration's new tariff policy shook up global trade. Tariff front-loading and subsequent re-routing of global trade flows posed significant operational challenges in 2025, despite which cargo revenue is expected to grow 2.6 percent this year. Despite non-fuel cost pressures, mainly in the form of rising labor and maintenance costs, airline profit margins have recovered from their 2024 dip, promising new industry records in terms of total profit for this year and 2026.

While hailing the industry's performance in a challenging operating environment, IATA's Director General Willie Walsh bemoaned airline profit margins, which he doesn't consider well-aligned with value the industry creates.

"They [airlines] stand at the core of a value chain that underpins nearly 4 percent of the global economy and supports 87 million jobs. Yet Apple will earn more selling an iPhone cover than the $7.90 airlines will make transporting the average passenger," Walsh argued.

Looking ahead, the IATA expects industry revenues to reach a historic high of $1.05 trillion in 2026, up 4.5 percent from the expected 2025 total.

Airlines on Track for a Record Year | Statista

You will find more infographics at Statista

Passenger revenue is projected to reach $751 billion in 2026, as 5.2 billion passengers are expected to board a commercial plane next year.

"Airlines are expected to generate a 3.9 percent net margin and a $41 billion profit in 2026. That’s extremely welcome news considering the headwinds that the industry faces - rising costs from bottlenecks in the aerospace supply chain, geopolitical conflict, sluggish global trade and growing regulatory burdens among them. Airlines have successfully built shock-absorbing resilience into their businesses that is delivering stable profitability,” Willie Walsh concluded.

Tyler Durden Mon, 12/22/2025 - 20:30

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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