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Both Sides Agree Iran Deal 'Close' But Not Finalized, As Trump Promises 'Final Determination' Soon

Zero Hedge -

Both Sides Agree Iran Deal 'Close' But Not Finalized, As Trump Promises 'Final Determination' Soon Summary
  • NYT: President Trump’s meeting in the Situation Room lasted about two hours, but the president did not reach a decision on any new deal with Iran.
  • Trump repeats conditions on Iran for lifting US naval blockade, oil pushed lower. Fars responds: "Mix of truth & lies."
  • Trump vows to 'unearth' and gain control of nuclear dust in 'cooperation' with Iran and/or China, says no money will be exchanged with Iran, and that it 'must agree' to never have a nuclear weapon (Truth Social).
  • NY Times reports surprising element of the Iran peace draft deal: a proposed investment fund for Iran - reportedly $300 billion.
  • Tehran confirms MOU stalled, but is being reviewed, amid lack of trust in negotiating with Washington.
  • The Revolutionary Guards said any renewed conflict would spread “far beyond the region,” threatening “crushing blows” and “utter ruin” in places opponents “cannot even imagine.”
//--> //--> US x Iran permanent peace deal by June 30, 2026?
Yes 38% · No 63%
View full market & trade on Polymarket

*  *  *

Trump After 2-Hour Situation Room Meeting: No Deal Yet

By close to day's end on Friday, both sides appear in agreement that no deal has been reached. First, fresh reporting after a two-hour White House situation room meeting from the NY Times:

President Trump’s meeting in the Situation Room lasted about two hours, but the president did not reach a decision on any new deal with Iran, according to a senior administration official who spoke on condition of anonymity to speak about internal deliberations.

The administration believes it is close to an agreement but there are still certain matters being debated including the unfreezing of funds for the Iranians, the official said.

And from the Iranian side, the last afternoon official message was as follows (Reuters, state sources):

A senior Iranian source tells Reuters that a political understanding has been reached between Iran and the US, though it has not yet been finalized.

More from NYT:

Trump: Iran's Uranium will be unearthed by the United States; Fars: Trump's claims "mix of truth and lies"

These Truth Social messages are starting to appear uncannily similar to ones already issued weeks ago. But this seems more confirmation that there is no MOU which has been 'finalized' - but that some key things have been agreed to.

  • Trump is again saying the US will get the 'nuclear dust'
  • Iran "must agree" to never have a nuclear weapon
  • No toll system for Hormuz
  • Removal of all sea mines
  • "No money will be exchanges until further notice."

 

Oil pushed lower on the headlines via Trump's post...

But amid the return to some 'optimism' in headlines, there are the usual caveats and counternarratives (likely accurate):

Iran Clarifies Deal 'Not Finalized' Amid Lack Of Trust

Iran's Tasnim reports Friday that the US-Iran Memorandum of Understanding (MOU) is not yet finalized, and that Thursday's flurry of Western media headlines about an agreement finally being reached were inaccurate.

"The text is not finalized yet and the account in Western media is not precise," a fresh statement indicates. Official confirmation will be announced if it does get to the point of being finalized, Tasnim notes. The report cited an Iranian official to say that "the text of the possible memorandum of understanding has had changes over the past few days."

The warring sides are attempting to lock in a 60-day extended ceasefire, during which time they will get back to the table - and that's when finer details like how to address Iran's stockpile of highly enriched uranium will be dealt with. It is now day 91, and according to the latest Friday:

Iranian Parliament Speaker and top negotiator Ghalibaf says: "We have no trust in guarantees or words."

Late Thursday, US Vice President J.D. Vance indicated that President Trump has not approved, at a moment Washington is insisting the nuclear issue be more front and center as part of the MOU.

However, the Iranians have consistently said their nuclear program is not up for negotiation toward ending the war - but that it is something that can be talked about once the conflict closes.

According to a summary of the latest on the stalled MOU from an Al Jazeera correspondent

Diplomatic efforts to preserve the ceasefire between the United States and Iran have continued behind the scenes, with officials signaling progress towards a framework that could open the door to formal negotiations after weeks of conflict and disruption across the Gulf and beyond.

Despite the optimism, questions remain over the timing and scope of any agreement.

Iranian media reports suggested discussions are continuing and that key details have yet to be finalized, while both sides continue to navigate sensitive issues, including Iran’s nuclear program and security in the Gulf.

Ghalibaf: We Achieved Concessions Through Missiles, Not Dialogue

More from Iran's chief negotiator in a Friday update:

What has become clear is that US and international media reports have consistently proven premature, too out front, thinly sourced, and ultimately inaccurate in their generally optimistic claims of a deal being 'finalized' or else 'imminent'.

Iran Threatens 'Utter Ruin' on US-Gulf-Israel if War Resumes

In the meantime, Iran's ongoing threats of an escalated, protracted war happen to be very clear:

The Revolutionary Guards said any renewed conflict would spread “far beyond the region,” threatening “crushing blows” and “utter ruin” in places opponents “cannot even imagine.”

The warnings come after a war that saw Iran target US bases, Israeli cities and critical infrastructure in Gulf Arab states, while effectively shutting shipping through the Strait of Hormuz and triggering a global energy shock.

The Islamic Republic has also been touting new "tools" to use against its enemies, per CNN:

Last week, Iranian Foreign Minister Abbas Araghchi warned that any future retaliation would “feature many more surprises,” while Iran’s military threatened to open “new fronts” using “new tools.” Mohammad Bagher Ghalibaf, Iran’s top negotiator, said the armed forces had used the ceasefire period to rebuild their capabilities “at the highest level.”

Some pundits fear that such references to "new fronts" could mean either the closure of the Bab al-Mandeb Strait in the Red Sea, or even the possibility of missiles reaching Europe.

Umud Shokri, an energy strategist at George Mason University, has explained in a statement, "A simultaneous crisis in Bab al-Mandeb and the Strait of Hormuz would be far more serious, potentially affecting both Red Sea trade and Persian Gulf energy flows, which would raise oil prices, freight rates, and inflationary pressure worldwide."

Still, the Trump administration is pressing for a deal which would make its Iran gambit look like 'victory' - something which finally reopens energy transit points and sees the removal of highly enriched uranium from Iran. Tehran leaders, however, don't appear in the mood to allow Washington to have its cake and eat it too.

More Latest Headlines

More latest Iran developments via Newsquawk:

  • Many points regarding the Iranian nuclear file have been resolved; Iran has agreed to international oversight of its nuclear facilities to prevent their dismantling, Al Arabiya reported citing sources. Iran wants to transfer the enriched uranium to China with a commitment not to deliver it to America.
  • Chairman of the Iranian National Security Committee of the Iranian Parliament said there are no plans to transfer enriched uranium out of the country, Asharq reported.
  • Iran Deputy for Foreign Policy and International Security Ali Baqeri held separate meetings in Moscow with the Foreign Policy Advisor to Brazil's President and the Secretary General of Egypt's National Security Council.
  • IRGC Commander said Iran forces are ready to act on Supreme Leader's order and enemies should not make mistakes as they will get themselves and others into trouble.
  • Iran military source said US drone was intercepted near Bushehr in southern Iran, according to Al Jazeera.
  • US Vice President Vance said that US President Trump is not yet ready to endorse the Iran agreement, while Vance noted that US and Iran made a lot of progress towards a ceasefire deal, according to AFP. Vance said US and Iran are at odds on uranium enrichment and stockpiles, according to SNN.
  • White House Deputy Chief of Staff for Policy Stephen Miller stating in an interview with Fox News that US President Trump is directly involved in negotiations with Iran.
  • US President Trump said we completely sank the Iranian Navy and destroyed their air force, did not target all of Iran’s military leadership so that what happened in Iraq would not be repeated.
  • US military said Iran's state TV claim that Iranian forces downed a US aircraft near Bushehr is false and no US aircraft was shot down by Iran, with all US air assets are accounted for.
  • US VP Vance said US and Iran are exchanging proposals regarding some drafting points including issue of enrichment, adds time is still early to know when an agreement with Iran will be reached and if it will happen at all.
  • US Treasury imposes fresh sanctions targeting Iran's military oil sales, according to Reuters. IRNA reported US sanctions 25 individuals, firms and vessels over Iran oil.
  • US President Trump said that US has all the cards, Iran has been defeated militarily, according to a Fox interview.
  • Al Hadath posted Iranian television reported “the downing of an American fighter jet” in the vicinity of Bushehr, with no American confirmations.
  • US official denies what Iranian TV announced about downing any American plane near Bushehr, according to Al Hadath.
  • Israel's Channel 12, citing military sources, said "The army recommends to the political leadership intensifying the air and ground strikes in Lebanon".
Tyler Durden Sat, 05/30/2026 - 02:55

When The Grid Dies: How A Single Blackout Could Unravel A Modern World

Zero Hedge -

When The Grid Dies: How A Single Blackout Could Unravel A Modern World

Authored by Milan Adams via Preppgroup,

For decades, infrastructure analysts, military planners, and emergency preparedness experts have warned that modern civilization is built upon a dangerously fragile foundation.

Electricity is no longer merely a convenience of industrial society; it is the bloodstream of every institution sustaining modern life. Water purification systems, food distribution chains, hospitals, communication networks, banking systems, fuel pipelines, transportation corridors, satellite infrastructure, and emergency services all depend upon uninterrupted electrical continuity.

What follows is a dramatized reconstruction of a prolonged nationwide blackout and the sequence of societal failures that unfolds afterward.

Though fictionalized for narrative intensity, the mechanisms behind the collapse are rooted in real vulnerabilities documented by energy experts, cybersecurity specialists, and federal emergency studies over the past several decades.

The First Day — The Extinguishing of the Great Machine

At 4:12 in the morning, long before sunrise reached the eastern seaboard, the first disturbances began spreading through the electrical arteries of the United States. Inside regional grid control centers, operators noticed unstable fluctuations racing through transmission frequencies connecting several major sectors of the national power network. Similar anomalies had appeared before during severe storms or regional overload incidents, and at first the event seemed manageable. Automated balancing protocols activated instantly while engineers attempted to isolate unstable sectors before the disturbance propagated farther outward. Yet within minutes the system began behaving in ways that experienced technicians later described as deeply unnatural.

Massive substations disconnected from the network one after another as transformers erupted under abnormal strain. Entire transmission corridors collapsed in rapid succession across multiple states while gas compressor stations abruptly failed after synchronization systems destabilized. Power plants automatically disengaged from the grid to protect turbines from catastrophic overload damage, but the protective measures only accelerated the wider collapse already spreading across the country. Before dawn had fully broken, immense regions of the United States disappeared into darkness.

The first reaction among the public was irritation rather than fear. Alarm clocks failed. Wireless networks vanished. Elevators froze between floors. Morning commuters discovered traffic lights dead at major intersections while gas stations sat powerless beside clogged roads. Millions initially assumed the outage would last only a few hours because modern populations had become psychologically conditioned to believe every disruption was temporary and every institution fundamentally stable. Yet beneath the surface of ordinary frustration, panic had already begun inside the agencies responsible for maintaining national order.

Cellular networks became overloaded almost immediately as millions attempted to contact relatives simultaneously. Emergency dispatch systems collapsed beneath an avalanche of calls reporting fires, traffic collisions, medical emergencies, and electrical accidents. Airports grounded flights across the country while financial institutions struggled to maintain even minimal continuity. Then, shortly before midmorning, another layer of modern civilization began deteriorating as large portions of the internet itself started disappearing region by region. Data centers exhausted backup reserves. Routing infrastructure failed. Communication nodes vanished from the network faster than technicians could stabilize them. Social media descended into chaos before becoming inaccessible entirely across many states.

Inside federal emergency facilities, the atmosphere shifted from concern into dread. Continuity-of-government protocols were activated before sunrise while intelligence analysts attempted to determine whether the catastrophe had been orchestrated deliberately. Preliminary evidence suggested coordinated intrusions may have accompanied the cascading failures, raising the terrifying possibility that the blackout was not an accident at all but the opening phase of a far larger attack against the nation’s infrastructure backbone.

By afternoon, Americans flooded supermarkets and pharmacies with growing desperation as electronic payment systems failed nationwide. Customers stripped shelves of bottled water, batteries, canned food, fuel containers, infant formula, and medicine with astonishing speed. The architecture of abundance that had defined consumer society for generations began collapsing within hours once the electrical systems sustaining it ceased functioning. Refrigeration units warmed steadily while digital inventory systems went dark. Employees abandoned stores to protect their own families as arguments over supplies escalated into violence.

As evening descended, modern America encountered a darkness few citizens had ever witnessed. Entire metropolitan skylines vanished beneath an abyssal blackness untouched by neon signs, office towers, streetlights, or suburban floodlamps. The silence unsettled people almost as much as the darkness itself. Highways once overflowing with traffic stood eerily still while apartment towers loomed above silent streets like abandoned monoliths from a dead civilization. Only the distant wail of sirens, scattered gunfire, and the glow of isolated fires disturbed the unnatural stillness spreading across the land.

The Second Day — The Unraveling of Ordinary Life

Morning arrived carrying no reassurance. Power remained absent across enormous portions of the country while communication networks continued deteriorating. Refrigerators leaked onto kitchen floors. Fuel stations remained dead. Emergency broadcasts urged calm, yet the tone of official statements had already begun changing from confident reassurance to carefully managed uncertainty.

The second day shattered the illusion that the crisis would resolve quickly.

Hospitals entered a state of escalating catastrophe as backup generators consumed fuel reserves far faster than administrators had projected. Emergency rooms overflowed with patients suffering dehydration, respiratory distress, panic attacks, untreated injuries, and complications from interrupted medical treatments. Pharmacies could no longer verify prescriptions because insurance databases and digital medical records were inaccessible. Families carrying diabetic children moved frantically between medical centers searching for refrigeration options before insulin supplies spoiled completely. Dialysis facilities in several states shut their doors entirely, effectively condemning thousands of patients once dependent upon routine treatment to slow and unavoidable deaths.

Meanwhile, another crisis was spreading quietly beneath the surface of public attention. Municipal water systems had begun failing in sequence across the country. Most citizens rarely considered the immense electrical infrastructure required to deliver clean water continuously into homes, apartment towers, hospitals, and businesses. Giant pumping stations moved billions of gallons every day through treatment facilities and pressure systems that now operated sporadically or not at all. Faucets sputtered weakly in some neighborhoods while others lost water entirely. Officials issued emergency boil-water advisories despite the growing reality that countless households no longer possessed reliable ways to heat water safely.

The psychological atmosphere across the country darkened visibly by nightfall. Looting erupted in several urban districts after sunset as small groups smashed storefronts searching for batteries, alcohol, medicine, generators, and food. Police departments attempted aggressive responses initially, but manpower shortages, fuel scarcity, and communication failures rapidly weakened operational effectiveness. Officers found themselves trapped inside the same unraveling crisis consuming the rest of society, worried not only about maintaining order but also about the safety of their own families.

The first unmistakable signs of decomposition had begun appearing within major cities. Spoiled food rotted inside powerless warehouses, supermarkets, restaurants, and suburban kitchens simultaneously. Garbage collection systems stopped functioning. Sewage pumping stations began failing under mounting pressure. The odor drifting through urban streets became heavier and more nauseating with each passing hour as sanitation systems quietly collapsed beneath the weight of the blackout.

By the end of the second night, many Americans experienced a realization more terrifying than the outage itself: the systems they had trusted all their lives were neither immortal nor invulnerable. Civilization, once perceived as permanent, suddenly appeared alarmingly fragile.

The Third Through Fifth Days — The Rot Beneath the Republic

The third morning marked the beginning of widespread panic.

Distribution centers could no longer function without electricity, digital logistics, or stable fuel deliveries. Freight systems stalled across the country while trucks sat immobilized beside empty highways because refineries, pumping stations, and communication infrastructure had all collapsed together. Americans discovered with growing horror that most supermarkets carried only a few days’ worth of inventory under normal conditions. Once panic buying consumed those reserves, nothing remained behind the shelves.

Suburban neighborhoods transformed almost overnight into armed enclaves gripped by suspicion and fear. Residents organized patrols after reports of burglaries and violent home invasions spread through fragmented radio broadcasts and word of mouth. Firearms disappeared from store inventories wherever transactions remained possible while ammunition became more valuable than cash in many regions.

Inside major cities, darkness itself became dangerous. Without streetlights, illuminated buildings, or functioning transportation systems, urban centers transformed after sunset into vast labyrinths of shadow illuminated only by scattered fires and flashlight beams. Criminal organizations adapted to the collapse with terrifying speed. Pharmacies were raided systematically. Supply convoys transporting medicine or emergency food were ambushed before reaching shelters. Entire neighborhoods fell under the control of armed groups after local law enforcement effectively ceased functioning there.

Behind closed doors in emergency command facilities, utility engineers delivered assessments so catastrophic many officials initially refused to accept them. Several critical transformers had suffered irreversible destruction. These colossal machines could not simply be replaced from nearby warehouses because many required specialized manufacturing timelines measured not in days, but in months or even years. The horrifying realization spreading through federal agencies was that the blackout might evolve into a prolonged national collapse rather than a temporary infrastructure emergency.

By the fourth and fifth days, money itself had begun losing practical meaning. Banks remained closed. Electronic transactions were impossible. Debit cards, retirement accounts, investment portfolios, cryptocurrencies, and digital banking systems became inaccessible abstractions trapped inside powerless networks. Millions who had considered themselves financially secure only days earlier suddenly discovered they could not purchase fuel, food, medicine, or transportation regardless of how much wealth technically existed in their accounts.

Several developments during this phase accelerated the national breakdown dramatically:

1. Fuel distribution networks ceased functioning almost entirely, immobilizing emergency vehicles, freight systems, and civilian transportation simultaneously.

2. Hospital generators began failing under continuous operational stress, forcing medical personnel into catastrophic triage conditions unlike anything seen in modern American history.

3. Municipal sanitation systems collapsed across multiple metropolitan regions, creating ideal conditions for disease outbreaks.

4. Refugee movements intensified as urban populations fled toward rural areas, overwhelming small communities already struggling with dwindling resources.

5. Public trust in federal authority deteriorated rapidly after repeated promises of imminent restoration failed to materialize.

The refugee crisis expanded with alarming speed. Families abandoned major cities carrying backpacks, bicycles, children, and improvised carts filled with scavenged supplies. Highways became graveyards of stalled vehicles after gasoline vanished from entire regions. Rural communities reacted with mounting hostility toward incoming outsiders, fearing desperate urban populations would consume already limited resources.

Trust between strangers dissolved rapidly. The social fabric holding the nation together had begun tearing apart at every seam.

The Sixth and Seventh Days — The Black Sabbath of the Nation

By the sixth day, the healthcare system had descended into visible collapse.

Hospital generators overheated or exhausted their remaining fuel reserves one after another. Intensive care units lost climate control while refrigerated medications spoiled in darkened storage rooms. Ventilator-dependent patients died in increasing numbers as exhausted nurses and doctors struggled beneath battery lanterns to maintain even the most basic forms of treatment. Ambulance systems deteriorated rapidly because emergency vehicles could no longer refuel consistently. Families transported injured relatives using bicycles, makeshift stretchers, shopping carts, and bare hands.

The emotional trauma inflicted upon medical personnel during this period became almost impossible to measure. Physicians trained to preserve life suddenly found themselves operating inside institutions stripped of medicine, electricity, sanitation, refrigeration, communication, and hope. Crowds gathered outside hospitals demanding antibiotics, painkillers, oxygen, or treatment while frightened staff attempted to maintain order inside buildings increasingly resembling war zones.

Disease spread quickly through overcrowded shelters and apartment complexes where sanitation systems had failed completely. Contaminated water triggered severe gastrointestinal outbreaks while spoiled food poisoned thousands already weakened by dehydration and stress. Mosquito populations exploded near stagnant floodwater and untreated sewage basins. Funeral homes ceased functioning almost immediately after refrigeration systems failed, forcing authorities to establish temporary body storage sites behind schools, churches, hospitals, and emergency centers.

One week after the collapse began, the United States no longer resembled the nation that had existed only days earlier.

Entire metropolitan regions operated beneath continuous darkness while fires burned unchecked across abandoned districts where firefighting infrastructure had collapsed alongside municipal water pressure. Smoke drifted permanently above city skylines. Helicopters occasionally crossed the night sky transporting military personnel or emergency officials, but for ordinary citizens the sensation of abandonment became overwhelming.

Food shortages intensified relentlessly. Parents skipped meals so children could consume the final remnants of canned goods and scavenged supplies. Elderly residents died alone inside powerless apartments where nobody remained to check on them anymore. Packs of abandoned animals roamed through silent suburbs after owners either fled or succumbed to illness, starvation, or violence.

Police departments across the country deteriorated beneath exhaustion, desertion, fuel shortages, and communication failures. Some officers abandoned their posts entirely to protect their own families while others continued operating in fragmented units focused solely on defending strategic infrastructure and government compounds. Neighborhoods militarized themselves with barricades constructed from abandoned vehicles while armed civilians patrolled through the darkness carrying hunting rifles and improvised weapons.

The old assumptions sustaining modern life had vanished completely by the end of that first terrible week. The blackout was no longer perceived as a disaster from which recovery would naturally follow. It had become something far more disturbing: the slow and visible disintegration of the civilization itself.

Across large sections of the country, trust in federal authority had already begun disintegrating completely by the end of the second week. Emergency broadcasts continued appearing sporadically over battery radios, but the language coming from Washington had grown increasingly detached from the reality unfolding inside the streets of collapsing cities. Officials still spoke of “stabilization efforts” and “temporary infrastructure disruptions” while millions of Americans were already living without clean water, functioning hospitals, refrigeration, fuel, medicine, sanitation, or reliable food access. The distance between official rhetoric and lived reality created a bitterness that spread faster than the blackout itself.

In many metropolitan regions, nighttime became synonymous with terror. Once the sun disappeared beyond the horizon, entire districts transformed into hunting grounds where armed groups moved through darkened streets searching for supplies, medicine, generators, batteries, or vulnerable homes. Apartment complexes that had once housed middle-class families descended into violent internal conflicts after residents realized no outside assistance was coming. In some buildings, tenants barricaded entrances together and organized rotating night watches. In others, people abandoned entire floors after fires, assaults, or outbreaks of disease spread through cramped hallways and powerless ventilation systems.

The collapse of sanitation infrastructure accelerated conditions toward something resembling medieval plague environments. Sewage overflowed into intersections after pumping stations failed completely, contaminating groundwater and attracting enormous infestations of insects and rats. Rivers surrounding major cities filled with untreated waste while desperate civilians gathered water from the same contaminated sources because municipal supplies had vanished days earlier. Dysentery, severe gastrointestinal infections, dehydration, and respiratory illness spread through shelters with terrifying speed. Medical experts who still retained communication with emergency authorities warned that the country was entering the early stages of a full-scale humanitarian extinction event.

The refugee columns moving out of major cities grew larger with every passing day. Long lines of civilians stretched for miles along highways littered with stalled vehicles and burned transport trucks. Families pushed children through freezing rain beneath improvised blankets while carrying the final remnants of their possessions in shopping carts and backpacks. Some believed rural farmland would offer safety and food. Others simply fled because remaining inside the cities felt increasingly suicidal. Yet the countryside had already begun changing as well. Small towns armed themselves aggressively after reports spread of looting raids carried out by starving migrants. Makeshift checkpoints appeared outside farming communities where armed civilians interrogated strangers before allowing passage. In several states, violent clashes erupted after refugee groups attempted to force entry into isolated towns guarding wells, grain silos, livestock, or fuel reserves.

The collapse of fuel infrastructure had by now crippled nearly every remaining layer of organized response. Military convoys struggled to maintain transportation routes because diesel supplies were disappearing nationwide. Emergency helicopters flew less frequently. Police departments abandoned entire districts they no longer possessed the manpower or gasoline to patrol. Freight rail systems remained frozen while shipping ports stood silent beneath rusting cranes and powerless loading systems. America’s enormous industrial machine had not merely stalled; it had begun decomposing in place.

Several realities became unmistakably clear during this stage of the collapse:

1. The national food reserve was effectively exhausted in most populated regions, forcing millions into direct competition over whatever resources remained locally available.

2. The healthcare system no longer functioned as a national institution, existing only in fragmented pockets around surviving generators, military compounds, or improvised clinics.

3. Large urban centers were becoming structurally uninhabitable, particularly high-density districts dependent upon elevators, water pressure systems, refrigeration, and electronic logistics.

4. Armed territorial groups had begun replacing local government authority in several neighborhoods, suburbs, and transportation corridors.

5. The possibility of restoring the electrical grid quickly was rapidly disappearing, especially after engineers confirmed extensive transformer destruction across multiple regions.

Inside government facilities protected by military security, analysts quietly discussed mortality projections so catastrophic they bordered on incomprehensible. Under prolonged grid failure conditions, deaths from starvation, disease, exposure, untreated medical conditions, dehydration, and violence were expected to rise exponentially once existing food reserves vanished entirely. Some emergency models projected that if restoration failed for several months, casualty levels could eventually surpass anything seen in modern American history.

Winter weather moving across northern states deepened the crisis even further. Without heating systems, millions faced lethal exposure risks inside powerless homes and apartment towers. Families burned furniture, books, flooring, and scraps of construction material inside improvised stoves to survive freezing nights. Carbon monoxide poisoning surged after desperate residents attempted indoor fires without ventilation. Entire neighborhoods sat dark beneath snow while bodies accumulated silently inside buildings nobody had the resources to search anymore.

The emotional collapse of society became visible everywhere. People no longer spoke about careers, politics, entertainment, technology, or future plans. Conversation narrowed toward primitive necessities: water, calories, antibiotics, ammunition, shelter, warmth. Parents stared at starving children with expressions of helplessness that survivors later described as more haunting than the violence itself. Elderly citizens increasingly volunteered to eat less so younger family members might survive longer. Across countless homes, Americans experienced the horrifying realization that civilization had never truly disappeared from history; it had merely been waiting beneath the surface for the systems sustaining modern life to fail.

The third week arrived beneath a sky permanently stained by smoke. From the outskirts of major cities, enormous black columns drifted upward day and night where industrial fires, burning neighborhoods, collapsed fuel depots, and abandoned vehicles continued smoldering without interruption. In many regions, sunlight itself appeared dimmer through the haze, casting a sickly copper glow across silent highways and darkened suburbs. Survivors who later described those weeks often spoke less about the violence and more about the atmosphere, the overwhelming sensation that the world itself had become diseased.

Inside the great urban centers, starvation began reshaping human behavior with terrifying speed. During the first days of the blackout, people still retained fragments of ordinary morality. By the third week, hunger had hollowed out much of what remained. Entire apartment blocks were abandoned after residents exhausted every edible resource inside them. Families moved through dead neighborhoods carrying crowbars and flashlights, searching empty homes for canned goods, bottled water, pet food, batteries, medicine, or anything that might prolong survival another few days. Supermarkets had long since been stripped bare, leaving only shattered glass, overturned shelving, and the sour odor of decay lingering beneath the darkness.

The streets themselves began changing appearance. Garbage mountains accumulated beside intersections because sanitation services had vanished completely. Rotting food, sewage overflow, dead animals, and human remains created an almost unbearable stench in many districts, particularly during warmer afternoons when heat settled over the cities like a suffocating blanket. Rats multiplied in extraordinary numbers. Packs of abandoned dogs roamed through suburbs once considered among the safest communities in America. Windows remained shattered across entire commercial districts where looters had torn through pharmacies, electronics stores, warehouses, and grocery outlets during the opening weeks of panic.

The collapse of communication transformed fear into something even more dangerous. Without reliable information, rumors evolved into a kind of social contagion spreading faster than disease itself. Stories circulated about military evacuation zones reserved only for politicians and wealthy elites. Others claimed foreign troops had landed on American soil while the government concealed the truth. In refugee camps and overcrowded shelters, terrified civilians whispered about entire towns being massacred for food supplies or quarantine zones where infected populations had allegedly been abandoned behind barricades. Whether the stories were true mattered less than the effect they produced. Paranoia became as common as hunger.

Along the highways leading away from major cities, enormous caravans of displaced civilians continued moving through the ruins of the country. Some traveled on bicycles while others pushed shopping carts filled with blankets, cooking pots, medicine, or exhausted children wrapped in coats against the cold. Many no longer knew where they were heading. They simply moved because remaining still felt like surrendering to death. Entire families slept beneath overpasses, inside abandoned vehicles, or in the hollow shells of gas stations stripped long ago by looters. At night, campfires flickered across the interstate system like scattered signals from a civilization that had fallen backward centuries in only a matter of weeks.

Rural America had become deeply hostile by this stage of the collapse. Farming communities armed themselves heavily after repeated raids carried out by starving migrants desperate for grain silos, livestock, fuel, or wells. Makeshift militias patrolled county roads wearing hunting gear and carrying military rifles scavenged from sporting stores or private collections. In some areas, local churches became centers of organized survival where food was rationed carefully beneath armed guard. In others, authority belonged entirely to whoever possessed the most weapons and the willingness to use them.

The winter that followed became one of the deadliest periods in modern American history.

Without functioning electrical grids, millions lost access to heating entirely. Apartment towers turned into frozen concrete tombs where elderly residents died silently beneath blankets inside darkened rooms. Families burned furniture, floorboards, books, fences, and scraps of insulation in desperate attempts to stay warm through the nights. Carbon monoxide poisoning killed thousands after improvised indoor fires filled powerless homes with toxic smoke. Entire neighborhoods disappeared beneath snow without a single visible light anywhere on the horizon.

Hospitals by now existed only in fragments. A handful of military facilities and isolated emergency compounds still operated generators, but most medical centers had become abandoned ruins filled with spoiled equipment, shattered windows, and empty corridors echoing beneath emergency lanterns. Survivable injuries once considered minor now carried death sentences. A simple infection, untreated pneumonia, dehydration, or contaminated water could kill within days. Pregnant women died during childbirth in apartments lit only by candles. Diabetics perished quietly once insulin vanished. The elderly disappeared in enormous numbers, followed closely by the very young.

The dead accumulated so rapidly in some regions that authorities stopped attempting formal burials altogether. Bulldozers dug enormous trenches outside major cities where bodies wrapped in blankets or plastic sheets were deposited in silence. In many places, nobody even recorded names anymore. Entire families vanished without documentation. Suburbs once associated with comfort and stability became ghost landscapes filled with abandoned vehicles, shattered homes, and drifting snow blowing through silent streets.

Perhaps the most horrifying transformation was psychological rather than physical. Civilization had always provided the illusion that humanity had evolved beyond its oldest instincts, yet prolonged collapse stripped those illusions away layer by layer. People no longer spoke about the future because the future itself had become unimaginable. The language of ordinary life disappeared. There were no conversations about careers, entertainment, technology, politics, or ambition anymore. Every thought revolved around heat, water, calories, shelter, and survival. Parents looked at starving children with expressions survivors would later describe as permanently haunting. Elderly relatives quietly refused food so younger family members might survive longer. Entire moral frameworks collapsed beneath the pressure of fear and deprivation.

By the fourth month, enormous portions of the United States had effectively ceased functioning as organized civilization. The federal government still existed technically, protected inside hardened facilities guarded by military units, but outside those isolated compounds America had fractured into disconnected islands of survival surrounded by vast regions of ruin. Some communities adapted through cooperation, strict rationing, agriculture, and armed defense. Others descended into predatory violence, raiding neighboring settlements for medicine, food, livestock, or fuel.

At night, the continent looked almost prehistoric from the sky.

Satellite imagery reportedly showed a North America consumed by darkness, interrupted only by isolated military installations, scattered fires, and faint clusters of generator light surrounding hardened compounds. The glittering electric web that had once illuminated the most powerful nation on earth had vanished almost completely. Cities that once glowed so brightly they were visible from orbit had become black scars against the frozen land.

And beneath that immense darkness, among the ruins of highways, silent suburbs, dead factories, and abandoned towers, survivors slowly began understanding the final truth of the catastrophe. The grid had not merely powered modern civilization. It had been civilization. Once the electricity vanished long enough, everything built upon it vanished as well, revealing how frighteningly thin the barrier had always been between order and collapse.

Tyler Durden Fri, 05/29/2026 - 23:25

How A 24 Mile Fence Once Divided California's North Coast And Sparked A Four Year Political Fight

Zero Hedge -

How A 24 Mile Fence Once Divided California's North Coast And Sparked A Four Year Political Fight

For two weeks in 1976, a white nylon fence ran across the hills of Sonoma and Marin counties and disappeared into the Pacific Ocean, according to SF Gate

Called “Running Fence,” the installation stretched 24 miles and stood 18 feet high, supported by more than 2,000 steel poles. It was created by artists Christo and Jeanne-Claude after four years of planning, permitting and construction.

The fence crossed private ranchland, coastal hills and highways before ending near Bodega Bay. Though temporary, the project required a large logistical effort: hundreds of workers, a lengthy environmental review and approvals from multiple county and state agencies. The artists negotiated individually with ranchers along the route, eventually securing permission from nearly all the landowners involved.

The article notes that public reaction to the project was sharply divided. Some residents saw the fence as disruptive or unnecessary, while others viewed it as an unusual experiment that would draw attention to the region.

Public hearings stretched on for years as lawsuits, permit appeals and environmental objections delayed construction. Christo later described the debates themselves as part of the artwork.

Construction moved quickly once final approvals were secured. Workers installed steel posts across the rolling landscape and attached long panels of white nylon fabric that shifted constantly in the coastal wind.

As the fence neared completion, officials raised concerns that the final section entering the Pacific Ocean had not received proper coastal approval, briefly threatening to halt the project.

The installation was ultimately completed without interruption.

When the fence opened, visitors arrived from across California and abroad to see it. Traffic backed up along rural roads, and spectators viewed the installation from hillsides, highways and small aircraft overhead.

Depending on the time of day, the fabric appeared bright white, silver or pink in the changing light.

After 14 days, the entire structure was dismantled and removed. Little physical trace of the project remained beyond photographs, sketches and preserved fragments of fabric.

Yet “Running Fence” became one of the most recognized temporary artworks in California history, remembered as much for the landscape it crossed as for the years of negotiations and public debate that surrounded it.

Tyler Durden Fri, 05/29/2026 - 23:00

Biden's Weaponized DOJ Ruined Tate Adamiak's Life. Top Gun Rights Group Calls On Trump To Pardon

Zero Hedge -

Biden's Weaponized DOJ Ruined Tate Adamiak's Life. Top Gun Rights Group Calls On Trump To Pardon

Via Gun Owners of America,

In 2022 during the Biden Administration, federal agents arrested Patrick "Tate" Adamiak, a U.S. Navy sailor with no violent history or criminal record.

Tate's crime? He was a firearms enthusiast.

If that sounds like an exaggeration, it's not. Biden's weaponized DOJ charged Tate with violations of the National Firearms Act for having collectible firearm parts at home. Importantly, NONE of these items was an actual "firearm" under the NFA - at least, not until ATF agents tampered with evidence before trial, leading to one of the most unjust convictions we at Gun Owners of America have ever seen.

United States v. Adamiak is a case that everyone should be talking about.

That's because, right now, Tate is languishing in federal prison, serving a ridiculous 20-year sentence that is longer than sentences received by most violent criminals.

And to make matters worse, the U.S. Supreme Court has just declined to hear his case.

That means if DOJ doesn't ask that Tate's sentence be reduced at an upcoming hearing, then a presidential pardon is Tate's last shot at freedom.

We're calling on the Trump Administration to do the right thing and reverse this Biden-era miscarriage of justice.

The story of Patrick "Tate" Adamiak begins well before his 2022 prosecution, and it's worth telling here.

From an early age, Tate was fascinated with firearms, and he was as patriotic as they come. At the age of 17, Tate enlisted in the U.S. Navy, and eventually became a Master-at-Arms - the Navy's equivalent to military police. And, by the time he was 27 years old, Tate had been accepted to BUD/S - the selective training program to become a Navy SEAL.

Throughout his young adult years, Tate began amassing a collection of firearms and historic military memorabilia. At the height of his collection, Tate owned around 150 firearms, and his goal was to one day open a military-themed museum.

Unsurprisingly, Tate easily turned his hobby into a side hustle during his time in the Navy. He formed an LLC - Black Dog Arsenal - and soon became a top-500 seller of collectible firearm parts on GunBroker.

His specialty was inert, nonfunctioning military arms and replicas, including what are known as "demilitarized" or "demilled" parts kits.

Nothing Tate possessed was an actual, working machinegun.

To the extent Tate had any firearm parts, they were frames or receivers in a destroyed, cut-up state - significantly and permanently modified not to function as firearms, appealing only to collectors.

In other words, Tate sold nonfunctioning gun parts, which federal law does not regulate.

But that didn't stop Biden's anti-gunners from trying to ruin Tate's life. And during the Biden years, they found their opportunity.

In 2021, ATF paid a 20-time felon $8,000 to act as a confidential informant and help secure a conviction against Tate. This informant was cooperating with authorities in an effort to reduce punishment for his own firearm felonies.

Apparently, Tate's business success had caught ATF's eye, and they wanted to charge him with something - anything. This wasn't a one-off prosecution. In fact, it sounds eerily familiar.

We've seen precisely this sort of anti-business weaponization by Biden's ATF before.

GOA has previously covered the story of Tim Durkin, a successful entrepreneur and GOA member who the Biden ATF targeted, all for helping rural gun dealers stay afloat during COVID.

But back to Tate's case.

ATF's confidential informant tried to purchase a machinegun from Tate, repeatedly asking him to break the law. And each time, Tate refused, explaining that he did not have a Federal Firearms License, and so he could only sell parts.

Unfortunately, Tate's interactions with ATF's confidential informant did not end there.

It didn't matter that Tate had refused to break the law. ATF decided that Tate was a criminal; ATF just had to make him one. Ultimately, Tate ended up selling the informant some cut-up receivers of firearms that once had been machineguns.

Of course, these saw- or torch-cut items could not accept parts to fire fully automatically - they couldn't fire at all. They were just inert collector's pieces.

But that was good enough for the ATF.

In an affidavit later filed in court, one of the ATF agents on Tate's case claimed that each of these cut-up receivers was in fact an unregistered machinegun under the National Firearms Act.

ATF's theory? Even though the receivers had been destroyed, they hadn't been destroyed enough.

That's right - even though the receivers had been sawn apart with a "single cut through them," ATF claimed "each could be readily made/restored into an operational machinegun," and so each receiver legally was still a machinegun.

But there's just one problem with ATF's legal theory. It's found nowhere in the statute that Congress enacted.

Let's take a look.

The National Firearms Act defines "machinegun" as "any weapon which shoots, is designed to shoot, or can be readily restored to shoot, automatically more than one shot, without manual reloading, by a single function of the trigger. The term shall also include the frame or receiver of any such weapon, any part designed and intended solely and exclusively, or combination of parts designed and intended, for use in converting a weapon into a machinegun, and any combination of parts from which a machinegun can be assembled if such parts are in the possession or under the control of a person." 26 U.S.C. § 5845(b).

So, the statute covers not only functioning machineguns but also weapons that "can be readily restored" to fire fully automatically.

But the statute does NOT say that a weapon with a "single cut" through its receiver is readily restorable. In fact, the statute says nothing about how many cuts a receiver must have before it no longer qualifies as a "machinegun."

Even so, ATF has provided its opinion - not the law - on what constitutes "destroying" a firearm. In its publicly accessible NFA Handbook, ATF states that:

"The preferred method for destroying a machinegun receiver is to completely sever the receiver in specified locations by means of a cutting torch that displaces at least one-quarter inch of material at each cut location. ATF has published rulings concerning the preferred destruction of specific machineguns."

For many machineguns, this "preferred method" includes three or four receiver cuts. But again, this is just ATF's "preference" - it's not the law.

Yet under Biden's anti-gun administration, it would seem that violating even the arbitrary preferences of bureaucrats is enough to land you in prison.

Amazingly, it didn't even matter that Tate wasn't the one who cut the receivers in the first place - he bought them like that, from reputable military surplus wholesalers.

Those well-intentioned wholesalers never thought there was a problem, and neither did Tate.

But under ATF's approach - "show me the man and I'll show you the crime" - there was no avoiding ATF's vindictive prosecution.

Ultimately, based on ATF's subjective, entirely made-up reading of the statute, the Biden DOJ executed a search warrant at Tate's house in April 2022.

There, they found Tate's firearm collection and business inventory, including legally imported, deactivated WW2 relics, surplus military parts kits, and replica collectibles. ATF even seized Tate's money and antique currency collection, claiming it was the proceeds of illegal activity.

This is a common tactic by the feds - seize all your assets so that you can't hire a lawyer to defend yourself, or even pay living expenses while you await trial.

But even more important is what ATF did NOT find during its search.

ATF found no illegal machineguns at all.

So, in order to make DOJ's charges against Tate stick, Biden's slimy swamp critters at ATF took Tate's inert parts, slithered back under their rock in Martinsburg, West Virginia, and concocted actual machineguns.

That's right - ATF shipped Tate's inert firearm parts to its Firearms and Ammunition Technology Division, or "FATD." There, ATF employees tampered with the evidence, rebuilding and reconstructing Tate's inert items into functioning NFA firearms using government-owned components.

Take ATF's tampering with Tate's toy STEN gun, for example.

ATF took a nonfiring, $75 toy, and converted it into a machinegun using additional parts ATF acquired. That included forcibly inserting a bolt from a real STEN gun into the toy, swapping out the toy barrel for a real one, and manually loading and firing a single round as proof of concept.

But even after this malicious fabrication of evidence - creating a gun out of a toy - ATF still couldn't get the STEN to shoot more than once. How that qualified it as a "machinegun" - which must shoot "automatically more than one shot, without manual reloading" - is anyone's guess.

In fact, as one anonymous former ATF official commented:

"It is egregious to assert that this STEN replica is a machine gun when it cannot accept a magazine. Without a magazine, it can only hold one cartridge at a time, making it impossible to 'shoot, automatically more than one shot, without manual reloading, by a single function of the trigger, and therefore, impossible to be a machine gun.'"

But the absence of logic didn't stop ATF from using evidence of this so-called "machinegun" in court.

It's like the government searching your house, seizing your car and gun, using all those items to rob a bank, and then charging you with the robbery!

ATF also tampered with Tate's two inert RPG-7s. Not only were these decorative launchers completely missing their fire control groups, but they also had holes cut into their sides to render them permanently unusable.

Yet just like with the toy STEN gun, ATF converted one of these launchers into an alleged NFA-regulated firearm - this time, a so-called destructive device.

But in order to do so, ATF patched the hole that had been cut into the side of the tube, and then installed a new trigger group.

In other words, ATF simply undid all the steps that had been taken to render the item inert in the first place.

Of course, if this is the standard for something to be a firearm then, given enough time and effort by ATF, every "inert" firearm could be reconstructed, meaning the only way to "destroy" one would be to melt it into a pool of liquified metal or plastic.

Even after reconstructing Tate's RPG-7, ATF didn't attempt to actually fire it.

First of all, it's not like anyone can buy rocket-propelled grenades at a local hardware store. And even if you could, no ATF employee would want to be the guinea pig who drew the short straw and had to fire a grenade out of a launcher with a Band-Aid on the side.

So, rather than fire the actual round the RPG-7 was designed to fire, ATF decided to try something else entirely.

ATF inserted a bolt-action rifle training simulator, designed to fire a 7.62 round through the RPG.

In other words, ATF put its own gun into Tate's inert device, and then claimed that the RPG itself was a "firearm."

You'd think this was a joke if ATF hadn't actually done this in real life. Crawling inside a drainage culvert and firing off a .22 does not make the drain pipe a firearm. The same goes for Tate's demilled RPG-7.

Of course, gun owners should expect nothing less from an agency that has claimed that a sliver of metal is a machinegun, and that an ordinary metal water bottle might in fact be a firearm or even a machinegun.

The same agency that manhandled a barrel until the extension snapped off, and then claimed the firearm was ineligible for import.

Even worse was how Tate's criminal trial eventually proceeded.

After the trial judge allowed ATF's tampered evidence to be presented, a jury convicted Tate on all counts. Then, in 2023, the Biden DOJ triumphantly announced that Tate had been sentenced to serve 20 years in federal prison - all for inherently nonviolent conduct.

The appellate courts were no help.

The famously anti-gun U.S. Court of Appeals for the Fourth Circuit rejected Tate's appeal, dispensing with his Second Amendment argument in just one sentence. And on May 18, 2026, the U.S. Supreme Court denied Tate's petition for certiorari without even asking the government to respond.

We couldn't think up a more unjust prosecution, conviction, and sentence if we tried.

But it speaks volumes about the sorts of people and organizations that have come to Tate's aid.

For example, throughout this ordeal, the U.S. Navy stood with Tate, declining to prosecute him under the UCMJ.

In fact, the Navy never even demoted Tate, and instead allowed him to use personal leave time while in jail, paying him all the way. And once Tate ran out of leave, the Navy gave him an honorable discharge.

Ex-ATF agent Dan O'Kelly, Tate's expert witness on firearms, candidly expressed in a recent interview that:

"The ATF needs numbers to justify its existence. Each agent has to produce cases in order to justify their existence. Their training is ridiculous. They're only taught about 60 percent of what they need to know: make, model, and serial number. If you get into NFA stuff, the agents have no idea what they're looking at....

"The federal prosecutor was shown the law. Any FEO [Firearm Enforcement Officer] who testifies to something different than that commits a willful falsehood. They are the gun experts of the gun police. They ought to be charged with perjury and jailed, not to mention being fired. This case was the worst."

Adamiak was following a legal process and did everything he needed to do. He didn't try to "bend" the rules; he was following the law. The ATF put him in prison anyway.

And as of the filming of this video, Tate remains in federal custody. He has now exhausted his appeals, and the Supreme Court apparently had no appetite to right this wrong.

But here's where you come in.

We, as a community, need to help Tate.

That's why we at Gun Owners of America are calling on the DOJ to seek a reduction in sentence in Tate's case. Tate has an upcoming hearing where DOJ could do just that.

We also call on President Trump to grant Tate Adamiak a Presidential Pardon. After all, under this administration, ATF has entered a "new era of reform," pledging to clarify regulations and end weaponization.

There is no better place to start than to set Tate free.

Tyler Durden Fri, 05/29/2026 - 22:35

Repeat Speeders In Washington Could Soon Have Cars Electronically Restricted

Zero Hedge -

Repeat Speeders In Washington Could Soon Have Cars Electronically Restricted

Washington state has approved a new law targeting drivers with serious speeding violations by requiring them to use speed-limiting technology before regaining limited driving privileges, according to Slashgear

The measure, House Bill 1596 — also called the BEAM Act — was created in response to a fatal 2024 crash that killed Boyd Buster Brown, Eloise Wilcoxson, Andrea Smith Hudson, and Matilda Wilcoxson.

Beginning in January 2029, drivers whose licenses were suspended for reckless driving or excessive speeding will need to install an “intelligent speed assistance” device in their vehicles to qualify for a restricted license. Using GPS tracking, the system monitors a vehicle’s speed and prevents drivers from exceeding a programmed limit. The law allows only three manual overrides each month.

The bill classifies excessive speeding as driving at least 10 mph over the limit in areas posted at 40 mph or below, or 20 mph over the limit on faster roads. Washington is one of several states moving toward stricter enforcement measures for repeat dangerous drivers, following similar efforts in places like New York.

The article notes that the law also carries financial obligations. Unless a driver qualifies for assistance, they must pay for the installation, removal, and leasing of the device, along with a $21 monthly fee. That money will help fund a state program designed to assist lower-income drivers with the costs.

Tampering with the device is treated as a serious offense. Anyone caught removing, disabling, or altering the system without a legitimate repair or safety reason could face a gross misdemeanor charge, which may include up to one year in jail and fines reaching $5,000.

As more states experiment with new traffic enforcement strategies — including variable speed limits and automated monitoring systems — Washington’s approach reflects a growing push to reduce dangerous speeding through technology rather than traditional enforcement alone.

Tyler Durden Fri, 05/29/2026 - 22:10

Iranian Opposition News Outlet Got $800 Million In Debt Relief: Report

Zero Hedge -

Iranian Opposition News Outlet Got $800 Million In Debt Relief: Report

Via Middle East Eye

An $870m debt-relief deal suggests that Iran International, an Iranian opposition outlet, has ties to Saudi Arabian investors, according to a Financial Times report on Thursday. The links stem from documents related to a debt-for-equity swap that Iran International conducted in December to shore up its finances. Iran International has spent hundreds of millions of dollars since its founding in 2017 by British-Saudi investors, the FT reported.

According to the report, Iran International’s parent company, Volant Media UK, has lost more than $550m over the past five years, and it owes related entities about $645m. Those numbers came from documents that the FT reported as covering the financial year ending December 2024.

via AFP

Iran International says it is the “most popular Persian speaking foreign based news channel in Iran”.It employs 700 people and broadcasts into Iran from London via satellite, radio and social media outlets.

Iran International has been accused by critics of promoting “regime change” in Iran and advancing the position of the former shah’s son, Reza Pahlavi, for a return to power. The outlet has long denied links to Israel or Saudi Arabia.

Iran International reported heavily on protests that struck Iran at the beginning of this year, sparked by a cost-of-living crisis brought on, in part, by US sanctions.

In January 2025, the news site reported that more than 36,500 people were killed in a crackdown on protests. Those numbers were significantly higher than those estimated by the US and other western-based human rights groups.

US President Donald Trump cited casualty numbers similar to those reported by Iran International days before launching a war on Iran on February 28, but did not disclose where he had gotten the death toll number.

Links

A New York Times report from April said that Israel also lobbied Trump to intervene in Iran, citing the protests that engulfed the country. Israel told the US that Mossad, Israel’s intelligence service, could assist in "fomenting" further riots and rebellions to collapse the Islamic Republic.

According to the FT, Volant Media issued an allotment of 648 million shares, valued at about $870m, on December 13.

On that day, all of Volant’s original 50,000 shares were transferred from British-Saudi film executive Adel Abdulkarim Alabdulkarim, who is Volant’s company director and secretary, to Info-Cast Cayman Limited, an offshore company, the FT reported.

Alabdulkarim has “significant control” of Volant, the FT reported, citing his ability to appoint or remove the majority of the company’s board of directors. But Info-Cast Cayman was listed as the immediate parent company at year-end 2024.

Saleh Hussain Aldowais is the sole director of Info-Cast Cayman, the FT reported, citing Cayman corporate records. A person with that name is the chief operations officer at the Saudi Arabian state-backed Saudi Research and Media Group (SRMG).

SRMG is a publicly traded company in Saudi Arabia that operates over 30 media companies and news outlets, including ASharq Al-Awsat, Arab News and Asharq News, which has a partnership with Bloomberg.

A spokesperson for Iran International told the FT that no new funds were injected into the company as part of the debt-for-equity deal.

They said the network “has never received funding from any government or state entity - including Saudi Arabia or Israel - whether directly or indirectly”.

“Where individuals associated with the business hold other external commercial roles, those interests are entirely separate… held in a personal capacity and have no bearing on the editorial, operational or financial independence of the network,” the person added.

Tyler Durden Fri, 05/29/2026 - 21:45

Meet America’s Largest Doomsday Bunker Community

Zero Hedge -

Meet America’s Largest Doomsday Bunker Community

Vivos xPoint, a survivalist bunker community built on a former military munitions depot in South Dakota, was created as a refuge for people preparing for disasters such as nuclear war, pandemics, or societal collapse, according to a new report by the Wall Street Journal.

Marketed as “The Largest Survival Community on Earth,” the development offers long-term leases on converted concrete bunkers and promises a secure, self-sufficient lifestyle far from major population centers. While some residents use their bunkers as vacation homes or emergency shelters, the project has attracted significant controversy.

The Journal writes that instead of uniting residents around a common goal of preparedness, the community has become mired in disputes over property management and quality-of-life issues. Complaints have included malfunctioning septic systems, rising fees, property taxes, loose dogs, and an expanding list of community rules. Several residents have accused management of intimidation and unfair treatment, while the company maintains that only a small number of dissatisfied tenants are responsible for the conflicts.

Tensions have occasionally escalated into serious confrontations. In one highly publicized incident, resident David Streeter became involved in a dispute with a contractor that ended in a shooting after an alleged physical altercation. Streeter claimed self-defense, and a grand jury declined to indict him. Other residents have also faced eviction proceedings following disputes involving firearms or violations of rules that some argue were added after they signed their leases. These incidents have fueled ongoing legal battles between residents and Vivos.

A major source of frustration has been the gap between the community’s marketing and reality. Vivos promoted plans for shared amenities such as a restaurant, gym, store, medical clinic, community center, and other facilities. However, many of these projects have not been completed, leading residents to accuse the company of misrepresentation. A class-action lawsuit seeks refunds for tenants and alleges that Vivos failed to provide the livable conditions and amenities it promised.

Despite the disputes, some residents continue to value the location’s isolation, security, and peaceful environment. Supporters argue that the bunker complex still offers a unique option for those concerned about future disasters. Critics, however, contend that ongoing litigation, management conflicts, and unmet expectations have overshadowed the original vision, turning what was meant to be a haven from catastrophe into a community struggling with its own internal challenges.

Ultimately, the story of Vivos xPoint highlights a central irony of survivalist communities: preparing for external threats does not eliminate internal challenges. While the bunker complex was designed to protect residents from worst-case scenarios such as war, pandemics, or societal collapse, many of its biggest problems have stemmed from ordinary human conflicts over rules, property, and expectations.

Whether Vivos ultimately fulfills its promises remains to be seen, but its experience demonstrates that building a resilient community requires more than just a physical shelter...

Tyler Durden Fri, 05/29/2026 - 21:20

Maryland's Glock Ban Aims At The Gun, Not The Criminal

Zero Hedge -

Maryland's Glock Ban Aims At The Gun, Not The Criminal

Authored by David Manney via PJ Media,

Maryland Gov. Wes Moore signed SB 334 into law Tuesday, putting the state on a collision course with gun owners, firearm dealers, and 2nd Amendment groups.

The law targets "machine gun convertible pistols," mainly Glock-style semiauto handguns that use a cruciform trigger bar. Maryland lawmakers argue criminals can convert those firearms into fully auto with illegal devices called Glock switches.

The question remains: Why is Maryland banning future sales of common handguns because criminals already break the law with illegal conversion devices?

SB 334 bars manufacturing, selling, offering for sale, purchasing, receiving, or transferring covered pistols after January 1, 2027. Current owners won't have to surrender their firearms, and like hell they should. Active and retired law enforcement officers receive exemptions, and the law also allows immediate family transfers, inheritances, and certain gunsmith repairs.

State Sen. Sara Love (D-Montgomery County) sponsored SB 334. Del. Nicole Williams (D-Prince George's County) sponsored HB 557, the companion bill in the House of Delegates. The Senate passed SB 334 by a 28-16 vote on March 19. The House passed it 91-40 on April 9 before Moore approved the bill as Chapter 771.

Supporters frame the law as a public safety measure. Baltimore Mayor Brandon Scott, Maryland Attorney General Anthony Brown, and other officials have also pursued Glock through litigation, arguing Glock pistols can be converted too easily with auto sears.

Police officials have warned about converted weapons appearing in crimes and threatening officers. A fully automatic weapon in criminal hands can turn a street dispute into a massacre in seconds.

Yet the constitutional problem remains. Glock switches are already illegal under federal law and Maryland law. The new law burdens future lawful buyers because criminals misuse illegal parts. The National Shooting Sports Foundation, the firearm industry trade association, warned the measure would prohibit an entire class of lawfully made and lawfully sold handguns. The NRA also prepared a legal challenge after Moore approved the law. From the NSSF:

"To borrow on a line from James Carville, whom Democrats revere, 'it's the criminal, stupid,'" said Lawrence G. Keane, NSSF's Senior Vice President & General Counsel. "These bills, and similar laws passed in other states, punish law-abiding citizens by infringing on their Second Amendment rights to legally obtain the firearms they choose to protect themselves and their families against criminals who, by definition, have no respect for life or law. Instead of enforcing the law and holding these criminals accountable, Maryland's lawmakers pander to gun control donors and antigun special interests to ban an entire class of firearms, which the U.S. Supreme Court's Heller decision clearly holds violates the U.S. Constitution. Should Governor Moore sign these bills into law, NSSF intends to have Maryland's Attorney General Anthony Brown explain in court why Maryland willfully violates the rights of her citizens and ignores its responsibility to hold criminals accountable."

Mark Pennak, president of Maryland Shall Issue, has called the bill unconstitutional and signaled a lawsuit. Maryland House Republicans also urged Moore to veto the bill, arguing the law bans the most popular handgun in the state because of conduct already forbidden by law.

The United States Supreme Court has said the 2nd Amendment protects weapons "in common use" for lawful purposes, and New York State Rifle & Pistol Association v. Bruen requires modern gun laws to fit the nation's historical tradition of firearm regulation.

Maryland didn't solve the Glock switch problem by signing SB 334; it shifted pressure from criminals with illegal conversion devices to lawful buyers who want ordinary self-defense handguns.

Courts will decide whether the state can make that leap. Until then, Moore has given Maryland a gun law with a messy constitutional foundation and a lawsuit almost certain to follow.

Tyler Durden Fri, 05/29/2026 - 20:55

'We Outright Grabbed The Wallets': Bessent Boasts $1BN In Iran State Crypto Seized To Date

Zero Hedge -

'We Outright Grabbed The Wallets': Bessent Boasts $1BN In Iran State Crypto Seized To Date

Washington's economic war on Iran and its 'shadow' banking network continues, as on Friday Treasury Secretary Scott Bessent announced the US has seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Trump's Operation Epic Fury.

The billion dollar figure represents the running total seized to date, building on prior milestones in the conflict, particularly a recent major April 2026 freeze of $344 million in USDT on the Tron blockchain. By close of April, $500 million total had been seized.

And so clearly with the addition since then of some half-billion dollars more in seized digital assets, the US Treasury program has only greatly accelerated in the last several weeks.

During his Friday speech before the Reagan National Economic Forum, Bessent stated:

"Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet had been grabbed."

Assets are held "on behalf of the Iranian people" - he described, while framing that the Iranian government had 'stolen' the money from the Iranian populace.

Bessent is signaling further relentless waves of OFAC wallet designations and aggressive asset forfeitures coming in the next months, as highly sanctioned Iran continues to seek alternative means of conducting financial transactions.

As we've featured before, for ordinary Iranians - roughly one in six of the population - crypto served as a vital lifeline. Facing relentless rial depreciation (down nearly 90 percent since 2018), chronic inflation of 40 to 50 percent, and frequent power blackouts or internet shutdowns during protests, citizens turned to Bitcoin and stablecoins like U.S. dollar-pegged stablecoins (USDT) on the Tron network to hedge savings, facilitate remittances, and move value when traditional banking failed. Spikes in Bitcoin withdrawals to personal wallets often coincided with domestic unrest and regional conflicts.

Yet this parallel financial system has also become a powerful tool for the state. The Islamic Revolutionary Guard Corps (IRGC) steadily tightened its grip on Iran’s crypto flows. IRGC-linked addresses received more than $3 billion in 2025—up from over $2 billion in 2024—with their share rising to more than 50 percent of total Iranian crypto inflows by the end of 2025. These figures represent conservative lower bounds based only on identified and sanctioned wallets.

Washington in the meantime is still entertaining dreams of sparking some kind of anti-regime uprising based on applying the economic squeeze to the Iranian system, but apart from unrest back in January, this has utterly failed to materialize. 

Tyler Durden Fri, 05/29/2026 - 20:30

Why Stable Systems Fail: The Illusion Of Institutional Control

Zero Hedge -

Why Stable Systems Fail: The Illusion Of Institutional Control

Authored by Luc Lelièvre via The Mises Institute,

There is a persistent belief in modern political life that systems fail because they become fragile. Institutions, it is assumed, weaken under pressure and eventually break down. This intuition is not just incomplete—it is backward.

Systems do not fail when they become fragile; they become fragile because they have already lost contact with the realities they claim to govern. What appears as stability is not strength, but the final illusion of a structure that can no longer correct itself. This is not a matter of conspiracy or intent, it is structural. 

When institutions become more responsive to their own internal logic than to the world they were created to manage, this dynamic begins to unfold. As James C. Scott observed in Seeing Like a State, modern administrative systems must simplify in order to function. They translate complex, local, and context-dependent realities into legible categories, procedures, and metrics. This makes governance at scale possible—but it also creates systematic blind spots.

At first, the displacement of reality is subtle. Signals are filtered, anomalies are treated as exceptions, friction is absorbed. From within the system, nothing appears fundamentally wrong: Processes continue, reports are generated, decisions are made. This is the phase most observers mistake for stability.

In reality, the system becomes less responsive—not because it lacks information, but because it can no longer recognize what falls outside its categories. It does not consciously ignore reality; it simply ceases to register parts of it. As its categories harden, the system becomes more coherent, outputs are more consistent, procedures are more standardized. Language is more uniform, however, this coherence is achieved by exclusion, not mastery.

Rigidity is not strength, it is the loss of adjustment. At this point, fragility appears to emerge under pressure. However, this is misleading. A system becomes fragile because it must prevent itself from recognizing its own failure. Any signal requiring fundamental revision threatens not just a policy, but the system’s internal logic. The cost of recognition becomes prohibitive.

This is the knowledge problem identified by Friedrich Hayek: knowledge in society is dispersed, tacit, and often inarticulable. No centralized system can fully integrate it. As argued in The Fatal Conceit, attempts to do so inevitably distort or suppress what cannot be processed.

A contemporary illustration is the bureaucratic handling of the covid pandemic in Canada and Quebec. Centralized directives frequently overrode local realities and visible human costs. Once the framework was fixed, admitting significant errors became too costly. Criticism was absorbed through procedure rather than leading to meaningful revision—an instance of administrative rigidity that sustained the appearance of control.

At this point, the problem is no longer ignorance but overreach. Systems do not merely fail to process dispersed knowledge; they restructure reality so that corrective feedback no longer enters. What replaces it is not coordination, but representation. Under these conditions, power does not respond, it absorbs.

Demands are acknowledged but redirected. Critiques are translated into procedural adjustments. Pressure accumulates without producing structural change. It is dispersed, reformulated, or deferred. This creates a second illusion: that pressure leads to correction; it does not.

Pressure can be absorbed indefinitely—so long as it does not align. Fragmented demands rarely threaten a system. Even widespread dissatisfaction can coexist with institutional continuity if it lacks coordination and timing. Saturation is not mobilization.

As Mancur Olson argued in The Rise and Decline of Nations, mature systems accumulate organized interests that resist adaptation. Over time, this produces rigidity while preserving the appearance of order. What appears to be stability is closer to inertia than to equilibrium. Feedback loops become captured. Signals are no longer responses to reality, but to negotiated representations of it. The system ceases to adjust and begins to persist.

History repeatedly illustrates this pattern.

Late-stage regimes often display surface stability. Their structures remain intact, their procedures continue. Their authority is formally unchallenged. However, beneath this lies a growing disconnect between institutional representation and lived reality. The system persists—but as a closed loop.

When change occurs, it is rarely gradual. It emerges when multiple conditions converge—economic strain, political disillusionment, social fragmentation. Only then does accumulated pressure become transformative. Until that point, stability can appear indefinite.

This is why a crisis is often misread as the beginning of failure. By the time fragility becomes visible, it has long been present; what changes is not instability itself, but its expression. The real danger is not that systems fail, but that they continue to function after losing the capacity for correction.

As Ludwig von Mises emphasized in Bureaucracy, administrative systems can operate according to rules even when those rules no longer achieve their intended ends. The mechanism continues—but without effective steering.

Markets, by contrast, reveal what bureaucracies suppress. Price signals communicate information about scarcity, preference, and misallocation that no centralized structure can replicate. Coordination emerges not from design, but from dispersed knowledge. Correction rarely comes from within closed systems.

Stability, in this sense, is not evidence of health, it is often the final stage of a system that has lost the ability to adapt. Modern systems do not fail when they become fragile. They become fragile because they have already failed—structurally and long before that failure becomes visible.

The more decision-making is centralized, the more lived knowledge is replaced by abstract representations detached from reality. What follows is not reform, but substitution. At that point, the system no longer responds in any meaningful sense, it simulates a response.

Its stability is an illusion produced by abstraction, rigidity, and the suppression of signals it cannot process. It endures not because it is strong, but because it no longer registers what would force it to change.

The question is not when the system will fail, it is how long it can continue after failure has already occurred. History suggests the answer is uncomfortable: Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored.

Tyler Durden Fri, 05/29/2026 - 20:05

US Service Members Targeted Via Commercial Location Data, Pentagon Tells Senators

Zero Hedge -

US Service Members Targeted Via Commercial Location Data, Pentagon Tells Senators

Adversaries have used commercially-available location data to attack individual US service members in war zones, according to a report furnished by the Department of Defense to Oregon Sen. Ron Wyden, and first reported by Reuters. Wyden is a Democratic member of the Senate intelligence committee. 

Responding to four questions Wyden had posed about this potential avenue of vulnerability for service members deployed to the Middle East, the Pentagon said that US Central Command "has received multiple threat reports concerning adversary exploitation of commercial location data to target or surveil US personnel in theater. The Threat Fusion Cell identified, tracked, and disseminated these threats through the USCENTCOM Threat Working Group and to component force protection personnel." 

A US Army soldier takes an iPhone selfie at a base in Qayyara, Iraq in 2016 (Reuters - Alaa Al-Marjani)

Elaborating on the nature of the threat, the Pentagon noted that: 

"Commercial location data can be used to identify where U.S. troops congregate and their pattern of life, which can be exploited by adversaries ​to target attacks such as missiles, drones, and roadside bombs, as well as for counterintelligence purposes." 

The Pentagon's brief set of responses did not provide details on any specific incidents. Early in the US-Israeli war on Iran, two DOD officials were wounded in an Iranian drone strike on a Crowne Plaza hotel in Bahrain. After the strike, a senior Iranian official told Drop Site that Iran had built a "target bank" of both American and Israeli personnel.  “The fact that they’ve now pinpointed the residences/locations of some of these forces has really caught the Americans and Israelis off guard," the official said, without detailing Iran's methodology. He did say the building of the target bank began after the 2025 12-Day War.   

The Pentagon response to Wyden was dated April 14. On Thursday, Wyden and a bipartisan group of 13 other senators sent a letter to the Defense department's chief information officer, expressing "serious concern that the [DOD] has not taken basic steps to protect U.S. military personnel from the serious counterintelligence and force protection threat posed by the collection and sale of personal information, including cell phone location data, by data brokers."

This vulnerability was identified at least 10 years ago, when tech contractor Mike Yeagley briefed the Joint Special Operations Command on how enemies could exploit commercially available phone location data to create "pattern of life" profiles of individual service members. The contractor, who first publicized the nature of his 2016 briefing in a 2024 Wired article, showed JSOC's senior officers how he'd tracked phones from US bases that house special ops soldiers to an abandoned cement factory in Syria, which they were using as a forward operating base near an ISIS stronghold in Kobane. The rattled JSOC officers immediately relocated the briefing to a better-secured room. 

For that same article, Wired journalists teamed up with German investigative reporters to acquire a free sample of 3.6 billion coordinates -- some separated by mere milliseconds -- on upwards of 11 million mobile advertising IDs in Germany, covering a two-month period. "Our analysis revealed granular location data from up to 12,313 devices that appeared to spend time at or near at least 11 military and intelligence sites, potentially exposing crucial details like entry points, security practices, and guard schedules," the journalists reported.  

Journalists used commercial data to pinpoint location signals from 800 devices at the US Army's European headquarters at Lucius D. Clay Kaserne (Wired)

In their letter sent Thursday, the Democratic and Republican senators scolded the Pentagon for leaving troops vulnerable:

"DoD officials have not treated this counterintelligence and force protection threat as a five-alarm fire... DoD has known about this threat for over a decade, yet have failed to take meaningful steps to protect our men and women in uniform. That is simply unacceptable."

They urged the Defense Department to take several specific actions, including the disabling of advertising ID on all DOD-issued smartphones, and ordering service members to disable the advertising ID on personal phones taken onto military installations or on overseas deployments. They also called for the Pentagon to remove browsers  "designed to facilitate data collection by Google and other advertising companies, such as Google Chrome, from DOD unclassified computers and smartphones." They concluded their letter by posing five follow-up questions, with a due date of June 26. 

At least 13 American service members have been killed in the undeclared war on Iran, and approximately 400 have been wounded in action. It will likely take further probing by Wyden and others to determine whether it's likely that commercially-available data was used to pinpoint any of their locations. 

Tyler Durden Fri, 05/29/2026 - 19:40

The Loophole That Put Drunk Truckers Back On The Road

Zero Hedge -

The Loophole That Put Drunk Truckers Back On The Road

Authored by Jacob Burg via The Epoch Times,

A federal database built to flag and remove drunk and drugged truckers from U.S. highways used the equivalent of an "honor system" as its last line of defense between a family in a minivan and a substance addict steering an 80,000-pound mass of steel.

Trucks fuel up at the Love's Truck Stop in Springville, Utah, on Dec. 1, 2021. George Frey/AFP via Getty Images

The Federal Motor Carrier Safety Administration (FMCSA) launched its Drug and Alcohol Clearinghouse in early 2020 to improve road safety by providing employers, law enforcement, and state agencies with real-time information on substance-use violations by commercial drivers.

Truckers caught driving while under the influence, or violating the Transportation Department's alcohol and substance regulations, are flagged in the system with a "prohibited" status and must complete a return-to-duty process to reinstate their commercial driver's licenses.

But what if a current alcoholic or drug addict could immediately get back behind the wheel by paying a third party to simply check off a box inside the database, rather than complete and pass follow-up drug or alcohol testing?

That's how Brandon Blackburn, 34, was able to get back on the road, he told The Epoch Times. Blackburn was arrested last year on charges of driving while impaired in a construction zone with cocaine in his possession, according to the Prentiss County Sheriff's Department.

Blackburn said his "prohibited" status was cleared by another man who simultaneously runs a trucking company and advertises his "substance abuse professional" services across a network of trucking-related Facebook groups.

According to Blackburn and evidence reviewed by The Epoch Times, Blackburn and others appear to operate within a network of actors who have been exploiting loopholes in federal rules to illegitimately clear "prohibited" commercial drivers in the federal Drug and Alcohol Clearinghouse.

This was revealed by evidence presented in a multiseries investigation by Rob Carpenter of FreightWaves, a news outlet focused on the global supply chain. The Epoch Times reviewed the evidence collected by FreightWaves, independently verified each facet of the story, and interviewed Blackburn, who confirmed that the scheme worked for him and others.

Blackburn admitted to The Epoch Times that he cleared drivers who had been flagged with drug or alcohol violations even though he didn't have the necessary certification to do so. He claimed some of the people he helped had their licenses incorrectly flagged in the system, and said he was trying to help truckers and veterans in need.

Blackburn describes himself as a small player across a network of actors that operates like a multilevel marketing scheme. He claimed that several others are much more prolific and are still operating.

"We've never seen anything like this before. It sent shockwaves through our industry," Jo McGuire, executive director of the National Drug and Alcohol Screening Association, told The Epoch Times.

The implications are not just grave for road safety, but also for employers who rely on the clearinghouse to avoid hiring drivers who may be at a higher risk of bringing on a multimillion-dollar court settlement in the event of a serious highway accident.

This is how the scheme proliferated in plain sight, and why, despite new and upcoming rule changes to the certification process in the clearinghouse, employers may be unaware they're hiring a potentially dangerous driver.

The Scheme Explained

Once a driver is caught driving under the influence, or is flagged after testing positive for drugs or alcohol, his or her license receives a "prohibited" status from the clearinghouse.

Examples of drug and alcohol violations include having a blood alcohol level of 0.04 or greater while on duty for "safety-sensitive" operations and using any prohibited drugs.

Even driving with sealed alcohol containers in the cab, as long as they are not part of the driver's shipment, counts as an alcohol violation.

In late 2024, the FMCSA updated the clearinghouse to immediately downgrade a commercial driver's license once the driver received a "prohibited" flag, forcing him to start the return-to-duty process to get back on the road.

As part of the return-to-duty process, a driver typically works with his employer to select a substance abuse professional who provides an initial assessment and offers education and treatment recommendations. The process involves six steps, with the driver needing to pass a drug or alcohol test on step five before completing a follow-up testing plan in step six.

The way the federal agency designed the database was critical for how the scheme unfolded. Step five only requires a testing date, rather than a copy of a negative drug or alcohol test. The driver's employer is responsible for verifying the results and entering the date of the negative test.

However, drivers without current or prospective employers may register accounts in the clearinghouse as owner-operators and can designate third-party administrators to complete that part of the process.

This is how the scheme proliferated, based on the evidence reviewed by The Epoch Times. Employers, substance abuse professionals, and third-party administrators were only required to self-certify in the clearinghouse database. No identity verification was involved in the process.

By law, a substance abuse professional must be a licensed physician, social worker, psychologist, certified employee assistance professional, certified drug and alcohol counselor, or state-licensed or certified marriage and family therapist.

But since the clearinghouse allowed users to self-certify, anyone could check the box without having the credentials. The same was true for third-party administrators.

Based on evidence reviewed by The Epoch Times, Blackburn and others appear to have been operating in the clearinghouse with multirole accounts, including as substance abuse professionals, third-party administrators, and employers.

Some Facebook users who publicly advertised Blackburn's services mentioned being out of work when they began the return-to-duty process, meaning they would have had to use a third-party administrator to verify and submit the date for a negative test result.

Several online databases exist for legitimate substance abuse professionals who work with the Transportation Department, including NAADAC's directory and SAPList.com. Blackburn could not be found on either database.

Blackburn said it's easy to circumvent the prescribed clearinghouse process from a basic Google search. He told The Epoch Times that he got involved after seeing the scheme persist from the moment the clearinghouse was launched.

It operates like a multilevel marketing, or "pyramid," scheme, Blackburn said. If you see a user in one of several related Facebook groups advertise helping drivers with the return-to-duty process, and they mention a particular person they worked with, that person is taking a cut.

Multiple users advertising return-to-duty services mentioned Blackburn and others based on hundreds of public Facebook comments that were reviewed for this story.

Blackburn insists he has stopped, but claims the others have not. He said he was struggling with a drug problem, relapsed last year, and that was the reason for his arrest.

Scale

Blackburn said he charged around $100 for his services and never more than $150. The entire return-to-duty program with a legitimate substance abuse professional can cost between $1,000 and $3,000 when evaluations, education, treatment, and tests are included.

A total of 368,984 violations have been reported to the Drug and Alcohol Clearinghouse since its launch, according to its most recent monthly summary report.

That tally includes 360,107 drug violations and 8,877 alcohol violations. The drug violations include the use of marijuana (206,394), cocaine (57,075), methamphetamine (29,017), and a long list of synthetic opioids.

As of Jan. 2, 328,431 drivers had been reported to the database with at least one drug or alcohol violation. Of those, 202,345 remain in "prohibited" status with their licenses still downgraded.

Trucks drive away from the Port of Long Beach, Calif., on May 15, 2026. Under the Federal Motor Carrier Safety Administration’s Drug and Alcohol Clearinghouse, truckers flagged as “prohibited” after impaired driving must complete a return-to-duty process to regain their commercial licenses, but some can reportedly get back behind the wheel by paying a third party to check a box in the database. John Fredricks/The Epoch Times Tyler Durden Fri, 05/29/2026 - 19:15

662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal

Zero Hedge -

662 Billion Reasons To Worry: Moody's Raises AI Data-Center Funding Fears As Apollo Shops Huge Anthropic Debt Deal

Unless you have lived under a rock for the last year (or month), you will know that the explosive growth of artificial intelligence is fueling a massive infrastructure buildout.

In a chart book published nearly simultaneously with Moody’s report, Apollo Global Management chief economist Torsten Slok worked to put the enormity of data center spending into perspective.

With total capital expenditure on data centers estimated at roughly $646 billion, or about 2% of U.S. GDP, Slok noted that is roughly equivalent to the GDP for Singapore, Sweden, and Argentina. Defense spending in 2025, meanwhile, was around $917 billion.

However, as Moody's warned this week, the aggressive financing structures supporting this explosive growth are creating significant systemic risks that could ripple across global credit markets and the broader economy.

The most recent example of this buildout - and its coincident debt-funding - is the $36 billion debt financing package currently being shopped by Apollo Global Management and Blackstone to enable Anthropic’s large-scale acquisition of Google’s custom TPU chips.

As Bloomberg reports, this complex, high-leverage deal - partially backed by Broadcom - underscores how private equity and specialized financiers are channeling enormous capital into AI hardware and data centers through layered debt instruments.

The move would mark one of the largest-ever private credit deals and also the biggest chip-financing debt transaction.

It aims to tap Broadcom’s credit quality to provide computing-power access to Anthropic, which just eclipsed rival OpenAI in valuation (and its ecosystem has been dramatically outperforming)...

While such deals accelerate AI capacity, they also concentrate risk.

More concerning is the scale of hidden liabilities across the industry.

According to Moody’s Ratings, the five major U.S. hyperscalers (Amazon, Meta, Alphabet, Microsoft, and Oracle) have accumulated approximately $662 billion in future data center lease commitments that have not yet commenced.

Combined with other commitments, the total undiscounted future lease exposure reaches $969 billion.

To put the scale of this hidden obligation into perspective, Moody’s accounting analysts David Gonzales and Alastair Drake calculated that the unrecorded $662 billion is equivalent to 113% of these five hyperscalers’ most recent adjusted debt.

These obligations remain entirely off-balance-sheet under current accounting rules, despite representing binding long-term liabilities.

But as Gonzales told Fortune in a statement that it’s “not as if [these hyperscalers] have have avoided a liability through structuring,” characterizing the $662 billion at issue as “yet to be on the balance sheet,” rather than missing.

“More accurately,” he added, “they have not yet received the services to trigger this liability as of this time, but they will.”

This accounting deferral masks the true leverage in the system.

As these leases activate over the next decade, they will migrate onto balance sheets, potentially weakening credit profiles, elevating leverage ratios, and increasing refinancing pressures.

While the AI infrastructure boom promises transformative productivity gains, Moody's is basically highlighting that the current funding model - reliant on massive off-balance-sheet debt and complex private financing - builds hidden vulnerabilities into the financial system.

Regulators, investors, and policymakers should closely monitor these exposures.

Heightened Systemic Concerns
  • Contagion Risk: Heavy interdependence among hyperscalers, private credit funds, and infrastructure investors means distress at a few large players could rapidly spread through debt markets and counterparty exposures.

  • Concentration & Interconnectedness: A small group of tech giants and a limited pool of specialized financiers dominate this financing. Any material setback in AI monetization or power availability could create correlated losses across the sector.

  • Broader Market Impact: The $662 billion in off-balance-sheet exposure represents a delayed but massive claim on capital markets. In an economic downturn, forced deleveraging or asset fire sales could amplify volatility, tighten credit conditions, and affect investor confidence well beyond technology.

  • External Amplifiers: Power grid constraints, regulatory hurdles, and geopolitical supply chain risks further compound the fragility of these highly leveraged bets.

In a stressed scenario - such as slower-than-expected AI revenue growth (the end of tokenmaxxing), rising energy costs, or higher interest rates - the simultaneous activation of these liabilities could trigger widespread credit rating downgrades and liquidity strains.

Specifically, Moody’s warned that these opaque accounting practices mask the true economic risk facing the tech industry. While leasing reduces upfront capital investments, carrying such massive future commitments severely limits a company’s financial and operating flexibility, especially if AI industry conditions change rapidly.

Because these liabilities are hidden, Moody’s concluded, in its own jargony way, that it is considering new ways to look at this issue.

“The accounting liability is unlikely to reflect certain plausible future scenarios … With this in mind, we will continue to assess cash exposures and debt-like adjustments as time progresses and the dates of new leases draw nearer. We may make a nonstandard adjustment to Moody’s adjusted debt based on our expectation of likely cash outflows.”

Without greater transparency and more resilient capital structures, the race for AI supremacy risks generating systemic stress that could undermine broader economic stability.

Tyler Durden Fri, 05/29/2026 - 18:50

Japan Crude Imports Fall 66% To Record Low

Zero Hedge -

Japan Crude Imports Fall 66% To Record Low

By Tsvetana Paraskova of OilPrice.com

Amid the supply disruption in the Middle East, Japan’s crude oil imports crashed by 66% in April from the same month last year, dropping to an all time low, official Japanese data showed on Friday.

Japan imported 4.07 million kilolitres, or about 850,000 barrels per day (bpd), of crude oil last month, down by 65.7% from the April 2025 levels, the monthly petroleum statistics of the Ministry of Economy, Trade and Industry (METI) showed.

Crude imports from the Middle East region, which delivered more than 90% of Japan’s total crude imports before the war, plunged by 68% in April from a year earlier.

Japan’s imports from Saudi Arabia crashed by nearly 58%, and supply from the United Arab Emirate (UAE) to Japan plunged by 69.4%, the Japanese government data showed. Of the total severely reduced crude supply, the Middle East continued to account for more than 90% of Japanese crude imports, at 93.7% in April.

Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the de facto closure of the Strait of Hormuz choked supply from the region.

Japan’s crude imports from the Middle East plummeted by 67.2% in April compared to the same month of 2025, provisional trade data from Japan’s Finance Ministry showed last week. The April 2026 volume, estimated in Japan at 3.843 million kiloliters of crude oil, was the lowest since data collection began in 1979.

Japan has just welcomed the first shipment of Middle East crude via the Strait of Hormuz since the Iran war began on February 28.

Japan is also releasing crude from its strategic reserves as part of an IEA-coordinated global effort to release 400 million barrels of crude and oil products.

The ongoing oil stocks release, which is Japan’s biggest ever, is helping Japanese refiners increase throughput. So is alternative supply from producers outside the Middle East, including rare cargoes from Azerbaijan and Latin America.

Tyler Durden Fri, 05/29/2026 - 18:25

Anti-Trump Entertainers Bolt From Freedom 250 Celebration

Zero Hedge -

Anti-Trump Entertainers Bolt From Freedom 250 Celebration

Several entertainers abruptly backed out of President Donald Trump-linked Freedom 250 concerts this week after learning more details about the patriotic celebration planned for the National Mall.

As American Greatness reports, the cancellations add to the long-running tensions between Americans and the politically progressive entertainment industry.

Young MC, Morris Day, the Commodores, Bret Michaels, and country singer Martina McBride were among the performers who announced they would no longer appear at “The Great American State Fair,” a series of concerts and events scheduled for June 25 through July 10 in Washington, D.C.

The event is being organized by Freedom 250, a group launched by Trump late last year that describes itself as a “national, non-partisan organization leading the celebration of our Nation’s 250th birthday.”

Trump selected former State Department official Keith Krach to serve as the organization’s CEO.

The cancellations came just one day after organizers unveiled the first wave of performers.

McBride said on social media that she initially agreed to participate because she believed the event would remain politically neutral.

“Yesterday things started changing and what we were told is, in fact, not what is happening,” she wrote Thursday.

Young MC similarly suggested he was uncomfortable with the event’s political ties.

“The artists were never told about any political involvement with the event,” he wrote on Instagram, adding that he hoped to “perform in D.C. in the near future at an event that is not so politically charged.”

Morris Day also confirmed his departure in a brief Instagram statement.

“Contrary to rumor, Morris Day & The Time will not be performing at the ‘GREAT AMERICAN STATE FAIR,’” he posted.

C& C Music Factory issued a confusing statement, distancing themselves from the event:

"As the Creator of C&C MUSIC FACTORY, I can state that we stand for love of all people and races globally and neutrality in all beliefs, in freedom and justice for all humanity"

The greatest lip-syncers ever - Milli Vanilli - are also out:

"The original/real vocalists of Milli Vanilli, Jodie Rocco, Linda Rocco. Brad Howell, John Davis, and Charles Shaw will NOT be performing their hits live at The Great American State Fair. Others using the name 'Milli Vanilli' that appear on the advertisement should be considered a tribute band with no association vocally or musically to our sound or songs."

At least one “I Love the 90s” act will be there: Vanilla Ice.

“He is proud to help celebrate America’s 250th Anniversary!” a representative for the “Ice Ice Baby” rapper wrote in an email to the AP.

“Everyone is welcome to attend and celebrate USA’s Birthday and our Freedom!”

Tyler Durden Fri, 05/29/2026 - 18:00

Obama-Nominated Judge Orders Trump's Name Removed From Kennedy Center Building

Zero Hedge -

Obama-Nominated Judge Orders Trump's Name Removed From Kennedy Center Building

Authored by Matthew Vadum via The Epoch Times,

A federal district judge on May 29 ordered that President Donald Trump’s name be removed from the John F. Kennedy Center for the Performing Arts and blocked officials from shuttering the venue for two years for renovations.

Obama-nominated, Washington-based Judge Christopher R. Cooper issued an order temporarily halting the closure and preventing the name change.

“Congress gave the Kennedy Center its name, and only Congress can change it,” the judge said.

The new ruling came in response to litigation initiated in December 2025 by Rep. Joyce Beatty (D-Ohio) who sued Trump and the Kennedy Center board of trustees over its renaming as the Donald J. Trump and John F. Kennedy Center for the Performing Arts. Beatty is an ex officio member of the center’s board of trustees.

Rep. Joyce Beatty (D-Ohio) (C) and Rep. Adriano Espaillat (D-N.Y.) (C) arrive for an event on Capitol Hill in Washington on Sept. 3, 2025. Andrew Harnik/Getty Images

“Representative Beatty is entitled to summary judgment on the renaming issue,” Cooper wrote Friday.

“The Kennedy Center’s organic statute makes crystal clear that the Center is to be named for President [John] Kennedy, and it cannot bear any other formal name or public memorial based on the Board’s unilateral say-so,” the judge wrote.

Cooper also ordered that Beatty have her voting rights restored as an ex officio trustee.

“The Center’s organic statute makes no distinction between the powers of general and ex officio trustees,” Cooper wrote.

“Nothing in the statute permits the Board to discriminate categorically between the two as to fundamental trustee rights,” the judge wrote.

“And stripping ex officio trustees of their voting rights runs afoul of common-law trust principles incorporated into the statute, principles which presumptively place trustees on equal footing when it comes to participating in the trust’s administration.”

Days before, the Kennedy Center board had unanimously voted to rename the institution the Trump-Kennedy Center.

That same day, new lettering was installed on the outside of the building along with digital rebranding.

Tyler Durden Fri, 05/29/2026 - 17:40

Japan Prepares To End Quantitative Tightening Amid Bond Market Turmoil

Zero Hedge -

Japan Prepares To End Quantitative Tightening Amid Bond Market Turmoil

With Japanese bond yields recently hitting record highs and bond market volatility soaring, overnight Reuters floated a trial balloon that Japan's central bank may pause the unwinding of its massive debt holdings next fiscal ​year, which would give Prime Minister Sanae Takaichi some relief amid growing investor concerns about her growing spending plans.

A pause would mark a turning point in the Bank ‌of Japan's quantitative tightening plan - started in 2024 as part of Governor Kazuo Ueda's efforts to unwind a decade-long, massive stimulus which everyone said would result in failure. Well, there it is. The next step, of course, is more QE.

According to Reuters, which is well known for being the mouthpiece of BOJ insiders, at its June 15-16 meeting, the Japanese central bank will review its bond taper plan running through March next year and lay out a new plan for fiscal 2027. With no change expected to the existing taper plan, markets are focusing on whether the BOJ would keep reducing its monthly bond purchases in fiscal 2027 or maintain the current pace.

While ​there is no consensus yet within the BOJ on the final decision, a pause in taper is increasingly seen as the preferred option with uncertainty over the Iran war keeping ​bond markets jittery, said two sources familiar with the deliberations.

"Markets remain volatile, so there's no need to rush," one of them said on the BOJ's ⁠taper, adding that many market players appeared to favor maintaining the current pace of buying. Ironically, the market volatility is precisely the reason to rush. 

Political considerations may also push the BOJ to pause as rising bond yields threaten to confine Takaichi's spending plans. "What the ​administration wants to avoid most is rises in bond yields," said one of the sources. Of course, if the intention is to avoid bond yields from surging, it's far too late.

Confirming the end of the QT is effectively a done deal, some investors are now calling on the BOJ to pause its bond taper plan, a central bank survey ​earlier this month showed, highlighting the challenge it faces in reducing its massive Japanese government bonds (JGB) holdings. 

Even before the Reuters report, there had already been some indications the BOJ might consider slowing its taper plan amid market uncertainty. A clearer signal on the BOJ's taper plan will come next week, when the central bank releases minutes of its meeting with bond market participants held on May 21-22.

"We've seen a pretty fast rise in bond yields, which makes it hard for investors to buy ​bonds. The finance ministry may be getting worried too," said former BOJ official Nobuyasu Atago. "Given the political headwinds, I see no reason for the BOJ to keep tapering next fiscal year," he said.

Concerns ​over Japan's worsening finances and rising inflation pushed up the 10-year JGB yield to a 30-year high of 2.8% last week, nearing the 3% estimate the finance ministry set in compiling its fiscal 2026 budget. A rise ‌above 3% ⁠would boost debt servicing costs and reduce scope for other spending.

The BOJ's rate-hike decision may also affect its taper plan with an increase in short-term rates to 1% from 0.75% seen as a strong possibility at the June meeting. While the central bank has said its taper program has no monetary policy implications, the case for slowing QT becomes stronger if it pushes through a hike, something it has been woefully unable to do so far despite a collapsing yen. 

"With the bond market so unstable, it would be natural for the BOJ to play it safe and avoid causing undue market turbulence," said Mari Iwashita, executive rates strategist at Nomura Securities, who projects a taper pause ​in fiscal 2027.

"A combination of a taper pause ​and rate hike would be a good ⁠one," as the former will ease upward pressure on yields, while the latter would alleviate concern the BOJ is behind the curve in addressing inflationary risks, she said.

It's not just Japan: rising debt and volatile yields have heightened challenges for central banks unwinding their balance sheets that ballooned from years of heavy asset ​purchases to reflate their economies. In the US, analysts doubt whether new Fed chief Kevin Warsh can push through his calls for a smaller balance ​sheet as U.S. Treasuries lose ⁠their luster.

The BOJ has also been cautious in its QT program which started in 2024, and under which the central bank gradually reduced purchases and currently trims monthly buying by 200 billion yen each quarter. 

Political hurdles for the BOJ's QT have heightened under Takaichi, who has vowed to cut tax and boost spending by issuing even more debt in the world's most indebted economy. 

Taper or not, a reduction in the BOJ's holdings, currently at around 500 trillion yen, will proceed steadily due ⁠to the runoff ​of maturing JGBs that already shaved 20% off its balance sheet from a peak in late 2023.

That's all the more ​reason for the BOJ to maintain the current pace of buying, said former BOJ executive Akira Otani, currently at Goldman Sachs Japan.

"When inflationary risks from the Middle East conflict and the government's proactive fiscal policy are putting upward pressure ​on bond yields, proceeding with further tapering could cause political friction by pushing up yields," he said.

Tyler Durden Fri, 05/29/2026 - 17:20

This Is The Deep State On Parade Like A Naked Emperor

Zero Hedge -

This Is The Deep State On Parade Like A Naked Emperor

Authored by James Howard Kunstler,

In the annals of Deep State WTF-ery, is there a stranger case than CIA officer David Rush turning up with $40-million in 303 one-kilogram gold bars, plus $2-million in cash, plus a stash of 30 mostly Rolex watches?

Well, yeah, the stranger story is how the guy got hired by the CIA in the first place.

Rush was arrested on Monday, May 18, by an FBI SWAT team at his home in Loudoun County, VA. Agents searched the house all day long and found the stash. Rush is currently charged with theft of public money and allegedly falsifying his military and academic credentials to obtain federal employment benefits, including roughly $77,000 in improper military leave pay. He’s scheduled to make a federal court appearance in Alexandria today.

Rush first applied for a job at the CIA in March 2006. He claimed to have a bachelor’s degree in math from Clemson University and a master’s from the Rensselaer Polytechnic Institute (RPI). He was rejected. He reapplied later that same year. Bumped again. He reapplied again in 2009, adding a new credential: that he’d been a US Navy test pilot and flight trainer. This time, he was hired.

Rush’s college credentials were found to be false, but it is unclear when that was discovered. Since he included them in his two earlier 2006 failed applications, why were they not flagged in his successful 2009 application? His claim of being a US Navy pilot was also found to be false (he was an information systems tech in his Navy service). The FBI affidavit unsealed recently details the pattern of lies across all applications.

Understand that CIA vetting procedures are supposed to be exceedingly rigorous. The process is stressful and invasive — many candidates drop out or are weeded out. The background check involves interviews with practically everybody who knows the applicant going back decades, his criminal history, work, financial history, education, military service. The applicant gets a polygraph exam. Even after getting hired, monitoring continues.

Rush was hired at the very start of the Obama admin; Leon Panetta was the newly appointed CIA Director. Wouldn’t you like to hear him ‘splain how David Rush managed to get hired? Was somebody smoothing his way in? Rush rose to become a senior executive service (SES) officer with a top-secret (TS/SCI) security clearance. His exact duties, the division he worked for, his day-to-day responsibilities have not been disclosed.

Rush allegedly requested the gold and foreign currency from the CIA for “work-related expenses” between November 2025 and March 2026. The agency later could not account for the assets or locate records explaining their official purpose. A search of a storage locker at CIA connected to Rush turned up only a small amount of the requisitioned cash.

“There is a whole process that we go through to get that money. I don’t just walk into the logistics office and say ‘Excuse me, I need $100,000 tomorrow.’ There is a form I have to fill out. It’s not a bank vault you walk into. It doesn’t work like that.” — Tracy Walder, 46, a former FBI special agent and CIA officer, quoted in The New York Post.

Wouldn’t you assume that some higher-up CIA officer would have to sign off on such a colossal requisition of gold and money? (And where does the CIA get so much gold on-demand?) Perhaps the very Director of the CIA approved it — which would be John Ratcliffe through 2025 up to right now. Doesn’t he have some ‘splainin’ to do? (Was Rush set-up? Was this a sting?)

Assuming Rush spent some period of time as an entry-level CIA employee, when did his rise to SES level happen? John Brennan became CIA Director in early 2013 (the start of Barack Obama’s second term). What were David Rush’s relations with John Brennan? Was Brennan his mentor? Does the gold stash have any connection with the current legal problems of John Brennan and other former high officials involved in the long-running “grand conspiracy” case about the attempted overthrow of a president?

You might imagine that Rush’s phone and computers were seized in the May 18th raid on his house — though it’s unlikely he used such conventional channels for black ops chatter. It’s conceivable, though, that any alt-communications of his were captured by the vast national security surveillance apparatus, and that DNI Tulsi Gabbard might have come across them this past year. How else might Director Ratcliffe have been tipped off?

This story is not going away. The scale of the grift is spectacular and vivid — 303 gold bars! — like a Hollywood movie. Rush’s explanation of “work-related expenses” sounds preposterous. If the requisitions were made serially, over several months, as appears, then the agency had more than one opportunity to review and question them.

Rush faked his entire back-story. How incompetent (or corrupt) are the agency’s past managers that he got away with it for so long? How many other gross fakers, rogues, grifters, and tools are embedded in the agency, and who are they really working for? The institutional embarrassment is monumental. Trust in the so-called Intel Community is at an all-time low.

Indictments and trials are coming.

This is the Deep State on parade like a naked emperor.

Tyler Durden Fri, 05/29/2026 - 17:00

One In Three American Men No Longer Working

Zero Hedge -

One In Three American Men No Longer Working

Via American Greatness,

The number of American men participating in the workforce has fallen to one of its lowest levels in nearly two decades, according to new federal labor statistics.

Just 66 percent of men age 20 and older were employed or actively seeking work as of April, according to data released earlier this month by the US Bureau of Labor Statistics. That figure has dropped sharply from 73 percent in 2006 and now sits near levels last seen during the fallout from the 2008 financial crisis.

The numbers mean roughly one in three American men are no longer in the workforce.

The only modern period with lower participation rates came during the economic devastation caused by the 2020 pandemic, when male workforce participation collapsed to 59 percent.

While employment rates gradually recovered during the years following the Great Recession, those gains were wiped out during the pandemic downturn. Participation rebounded somewhat within two years before beginning another steady decline that has continued into 2026.

The downward trend appears ongoing. Male workforce participation fell another full percentage point in April compared with the same period in 2025, according to Labor Department data.

Several economic shifts are contributing to the decline.

Industries that have traditionally employed large numbers of men including transportation, manufacturing and other labor-intensive sectors, have shed jobs over the past year, according to the Washington Post.

At the same time, growing numbers of retirees and male students have reduced the share of men participating in the labor market.

The labor picture for women has followed a different trajectory.

Female workforce participation also declined during the past two decades, though the swings have been less dramatic. Women saw only a 2-point decline during the 2008 recession, compared with a 5-point drop for men.

Women’s labor force participation has also remained more stable since the pandemic recovery, never falling below 56 percent since 2022.

The economy increasingly appears to favor sectors dominated by female workers. Healthcare and education jobs have grown over the past year, helping women capture nearly all recent job gains.

Of the 369,000 jobs added to the US economy since 2025, 96 perent went to women while just 4 percent went to men, according to the Washington Post.

Despite the shrinking share of men participating in the labor force, male unemployment has remained relatively low, hovering between 3 percent and 4 percent since 2021.

Tyler Durden Fri, 05/29/2026 - 16:20

Trump Refiles Lawsuit Over Wall Street Journal Article Linking Him To Epstein Letter

Zero Hedge -

Trump Refiles Lawsuit Over Wall Street Journal Article Linking Him To Epstein Letter

Authored by Jackson Richman via The Epoch Times,

President Donald Trump has refiled his $10 billion defamation lawsuit against Dow Jones & Company, publisher of The Wall Street Journal, over an article that alleged he signed a birthday letter sent to convicted sex offender Jeffrey Epstein.

Trump’s legal team submitted the revised complaint exactly on the May 27 deadline set by U.S. District Judge Darrin Gayles. In April, Gayles dismissed the original lawsuit, ruling that Trump had failed to show that The Wall Street Journal acted with “actual malice,” the legal standard required in defamation cases involving public figures.

The updated complaint, which is seven pages longer than the original filing, again argues that Trump suffered significant financial and reputational damage from what his attorneys describe as a “false, defamatory, and malicious” article.

Trump has repeatedly denied authoring the 2003 letter.

In the new filing, Trump’s attorneys argue that only two surviving individuals could confirm whether the letter existed. According to the complaint, Trump “vehemently denied” writing it, while Epstein associate Ghislaine Maxwell allegedly told federal officials she had no knowledge of the document.

The complaint further accuses reporters Khadeeja Safdar and Joe Palazzolo, along with Dow Jones and News Corp., of either knowingly publishing false information or intentionally avoiding evidence that contradicted the story.

The original Wall Street Journal report said that Trump denied both writing the letter and drawing the image.

However, Trump’s legal team states “the Defendants falsely, maliciously, and defamatorily state as fact that regardless of how the alleged letter was prepared, it nonetheless contains President Trump’s authentic signature.”

Responding to requests for comment, publisher Dow Jones declined to discuss the refiled lawsuit but reiterated a previous statement issued in July 2025.

“We have full confidence in the rigor and accuracy of our reporting, and will vigorously defend against any lawsuit,” a company spokesperson said.

In dismissing the original case, Gayles explained that proving actual malice requires evidence that a publisher knowingly reported false information or acted with reckless disregard for the truth. He wrote that Trump’s earlier complaint “comes nowhere close to this standard.”

Gayles also noted that The Wall Street Journal sought comment from Trump, the Justice Department, and the FBI before publication. Trump denied writing the letter, the Justice Department did not respond, and the FBI declined to comment.

The judge further stated that claims the newspaper ignored contradictory evidence were weakened by the article itself, which included Trump’s denial. Allegations of ill intent alone, he wrote, were insufficient to establish actual malice without supporting factual evidence.

Attorneys representing the newspaper have argued that the article’s claims are true and therefore not defamatory. However, Gayles declined to decide those factual disputes at this stage of the proceedings. He said questions regarding whether Trump authored the letter or maintained a personal relationship with Epstein remain unresolved.

To proceed with the lawsuit, Gayles wrote, Trump must provide clear evidence that The Wall Street Journal knowingly published false information or acted with reckless disregard for the truth.

The judge characterized the original complaint as relying on “formulaic” accusations that failed to meet the high legal threshold required for public figures pursuing defamation claims.

Following the dismissal, Trump addressed the case on Truth Social, saying his legal team would submit a revised complaint before the court’s deadline.

“It is not a termination, it is a suggested re-filing,” Trump wrote.

Trump originally filed the lawsuit in July 2025 after The Wall Street Journal published an article about the sexually suggestive letter allegedly bearing his signature in a birthday album created for Epstein’s 50th birthday in 2003.

Tyler Durden Fri, 05/29/2026 - 15:40

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