Zero Hedge

Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever

Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever

Authored by Michael Snyder via The Economic Collapse blog,

U.S. households are being financially squeezed at a level that we have never seen before. I have often said that we are in a long-term cost of living crisis that never seems to end, and that is not an exaggeration at all. Just about everything has been getting more expensive in recent years, and as a result our standard of living has been going down. In many areas of the country, you now have to earn six figures just to live a basic middle class lifestyle. The numbers that I am going to share with you in this article may be hard to believe, but they are very real. Inflation has been out of control for many years, and hard working American families are being absolutely crushed.

For the first time in U.S. history, the average monthly mortgage payment now exceeds $2,000

Homeowners faced a sticker shock at the end of 2025 as the average monthly mortgage payment topped $2,000 for the first time—a historic milestone reflecting the combined pressure of high home prices and elevated interest rates.

In the fourth quarter of last year, the average payment for existing mortgage holders climbed to $2,005, representing a striking 44% surge compared to 2021, according to the latest quarterly outstanding mortgage report from the Realtor.com® economic research team.

In other words, the typical homeowner saw their monthly mortgage payment jump by more than $600 in just three years, an eye-watering surge.

Take another look at those figures.

All along, federal bureaucrats have been feeding us numbers that show that the inflation rate is very low, but the average monthly mortgage payment has risen by 44 percent just since 2021.

Needless to say, someone is not telling us the truth.

But that isn’t even the worst part.

Today, what the average American family is paying for health insurance each month is even higher than the average monthly mortgage payment…

The numbers don’t lie. The average American family now pays over $2,200 a month for health insurance; surprisingly, that’s more than the average monthly mortgage payment of $2,000. Let that sink in. Keeping a roof over your head costs less than keeping your family covered.

That is not a market failure. That is a system rigged by liberals and government bureaucrats designed to benefit corporate giants at the expense of everyday Americans. Premiums are soaring, and insurers are cashing in. It needs to stop.

Americans are noticing. A recent poll found that a staggering 90 percent of Americans say health insurance companies have too much control and should be broken up, with 74 percent strongly agreeing. The overwhelming majority of Americans know there is a problem. They are screaming for justice.

That is outrageous.

Is there anyone out there that wants to attempt to defend how expensive health insurance has become?

Our system is so broken, and the politicians in Washington have given up on trying to fix it.

Meanwhile, pretty much everything else is becoming more expensive too.

And thanks to the war in Iran, American households have had to shell out an extra 100 billion dollars in just three months…

The war in Iran has cost US households $100 billion in three months, Moody’s Analytics says.

Now in its fourth month, the conflict has cost nearly $750 per household. The increased cost to consumers has mostly been felt in energy prices, but the inflation picture continues to deteriorate the longer the war drags on without a resolution in sight. What’s more, Moody’s says that tailwinds for household like Donald Trump’s tax cuts have been offset by war-fueled cost increased.

This is money that is coming directly out of your pockets.

The rising cost of gasoline alone has sucked an extra 400 dollars out of the typical U.S. household…

According to researchers at Brown University’s Watson School of International and Public Affairs, Americans have paid an additional $51.7 billion in gasoline and diesel costs since the conflict began on February 28, equivalent to nearly $400 per household. And Moody’s Analytics, in findings shared with CNBC, puts this figure even higher, at $450.

There is no end in sight for the crisis in the Middle East, and that means gasoline prices are likely to go significantly higher.

Commercial oil inventories are being rapidly depleted, and the Strategic Petroleum Reserve is “dropping toward levels not seen since the 1980s”

America’s emergency oil reserve is dropping toward levels not seen since the 1980s, as the United States rapidly drains its supplies to stabilize global energy markets rattled by the war with Iran.

According to the latest report from the Energy Information Administration (EIA), the U.S. has 365.1 million barrels of oil sitting in the Strategic Petroleum Reserve (SPR) in the week ending May 22, compared to 374.2 million a week prior and down by over 50 million barrels since the conflict began on February 28.

The price of oil has a direct impact on prices for just about everything else, and so that is really bad news.

As ordinary Americans are being squeezed harder and harder, household debt has been rising and the credit card delinquency rate has spiked to a very alarming level

According to data released by the New York Fed in May, total U.S. household debt climbed to an all-time high of $18.8 trillion in the first quarter of 2026. Much of this is housing debt, and credit card balances dropped slightly over the period, but the rising total has coincided with an increase in late payments.

The percentage of credit card balances at least 90 days delinquent reached 13.1 percent in the first quarter, up 0.4 percent from the previous one and reaching its highest rate in 15 years.

Millions upon millions of Americans are working as hard as they can and it still isn’t enough.

To many people, it just seems like there is no way that they can win, and so many are choosing to simply drop out of the game.

In fact, one out of every three American men are no longer in the workforce at all

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.

This is what a crumbling economy looks like.

Only 66 percent of American men that are at least 20 years old are working.

How low does that number have to drop for us to admit that we have a historic crisis on our hands?

I have heard from so many readers that are feeling more financial stress right now than they ever have in their entire lives.

That isn’t a coincidence.

Decades of incredibly foolish decisions have resulted in a sl0w-motion economic decline that has really started to pick up speed in recent years.

Now the pain is beginning to feel like it is unbearable, but the truth is that our problems are only going to intensify from here.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

Tyler Durden Sun, 06/07/2026 - 11:40

US Intercepted Fresh Iranian Ballistic Missile Attacks Overnight As Tehran Blasts 'Ceasefire Violations'

US Intercepted Fresh Iranian Ballistic Missile Attacks Overnight As Tehran Blasts 'Ceasefire Violations' Summary
  • Iran's foreign ministry says US overnight action, especially bombing coastal radar facilities, is a violation of ceasfire.
  • New nighttime salvo of missiles on Kuwait, Bahrain: Six ballistic missiles fired at Bahrain and Kuwait were intercepted, CENTCOM said.
  • Overnight flare-up started with Iranian attack drones in Strait being intercepted by US forces.
  • Trump admits Iran still has some 20% of its missile arsenal: "It’s a lot of missiles, but it’s not what it was when we first attacked." (CNBC)
//--> US x Iran permanent peace deal by June 30, 2026?
Yes 21% · No 80%
View full market & trade on Polymarket

*  *  *

Iran FM Blasts New US 'Ceasefire Violations'

Iran has again accused the US of breaking the ceasefire, with the Foreign Ministry on Saturday stating the US "not only lacks the will to reduce tensions and return to the path of stability, but with its adventurist actions, it seriously endangers the security of the region."

The ministry on X denounced fresh US attacks its coastal radar and surveillance facilities in Sirik region and on Qeshm Island - saying this breached the ceasefire. The ministry “strongly calls on the countries of the region to observe the principle of good neighborliness and adhere to the fundamental principle of international law of refraining from allowing aggressors to use their territory and facilities to plan and carry out aggressive actions against the Islamic Republic of Iran."

It seems clear that for each US action, Iran is seeking to establish deterrence, and so is not hesitating to fire or inflict some kind of 'cost' either on US bases or the Gulf allies hosting them.

More Pakistani efforts to forge together agreement to get US-Iran back to the formal negotiating table:

Salvo of Ballistic Missiles Fired on Kuwait, Bahrain

Soon after the initial drone shootdown engagement (below), it became apparent that anti-air defense systems were active over Kuwait, as its armed forces warned the public that explosions were the result of inbound projectile intercepts. While there were no reports of damage, the ground result is still anything but clear or certain (based on past instances of the US and Gulf allies concealing or downplaying damage or casualties).

Within hours after this initial exchange of fire, Iran followed up with more ballistic missiles on nearby Bahrain and Kuwait - as 'punishment' for the countries hosting US forces and American bases.

Bloomberg reports that "Six ballistic missiles fired at Bahrain and Kuwait were intercepted and another failed to reach its intended target, hours after four drones headed to the Strait of Hormuz were shot down, Centcom said." It notes that the "US military struck Iranian coastal surveillance radar sites in Goruk and on Qeshm Island in return."

It Started With Iranian Drone Shootdowns

More details have come to light of the latest overnight flare-up in fighting between US and Iranian forces in and around the Strait of Hormuz and Persian Gulf.

The Friday night and overnight clashes started when the US military reportedly intercepted and shot down at least four Iranian one-way attack drones. According to US Central Command (CENTCOM), the incoming unmanned aerial vehicles were heading directly toward the Strait of Hormuz and posed an "imminent threat to maritime traffic."

Following the drone shootdowns, American forces immediately launched retaliatory strikes against key military targets inside Iranian territory. CENTCOM further detailed that American assets hit Iranian coastal surveillance radar sites located in Goruk, a city in the Hormozgan province, as well as on Qeshm Island, a strategically vital Iranian outpost in the mouth of the strait.

Each Exchange Another Escalation Toward Full-Scale War

One thing is clear: these 'limited' escalations are becoming more regular, and even almost nightly at this point, raising the stakes and possibility of a more full-on, dangerous renewed war.

It has also become increasingly evident and acknowledged that the ceasefire has allowed Iran to reconstitute much of its missile and drone capabilities, and underground launch tunnels are being dug out with heavy equipment.

President Trump himself has recently admitted this state of things, amid the extended ceasefire:

US President Donald Trump, who has insisted for months that Iran was near its breaking point, conceded Friday that the country retains some missile and drone capacity. In an interview with NBC News, he said about 21-22% of Tehran’s missile arsenal remains.

“It’s a lot of missiles, but it’s not what it was when we first attacked,” he told the television network during a visit to Wisconsin. Earlier Friday, he told reporters the US is “having great success with Iran,” and “they’re in no position to have a nuclear weapon.”

Sunday will mark 100 days since the start of Operation Epic Fury. Trump and US officials had touted only a 'short' conflict, and seemed to have been betting on the government being toppled.

Tyler Durden Sun, 06/07/2026 - 11:04

UK Cop Fired For Questioning Islam In 'Safe Space'

UK Cop Fired For Questioning Islam In 'Safe Space'

Authored by Steve Watson via Modernity,

A Christian police community support officer lost his career after asking a Muslim colleague about jihad and Hamas atrocities during a diversity session that promised open discussion. At the same time, training drilled "white privilege" into police ranks.

Luke Salmons, a 46-year-old Christian father of two and respected PCSO with North Yorkshire Police, relates how he attended a mandatory training day on race, religion and culture. Trainers spent several minutes marching up and down the room chanting "Islam is a religion of peace" repeatedly. A Muslim sergeant then spoke about his faith and invited questions in what was presented as a "safe space" where "there was no such thing as a bad question."

Salmons asked what the sergeant, as a peaceful Muslim, thought about the situation in Gaza and atrocities carried out by Hamas and other groups in the name of Islam. He also asked what jihad meant to him. The discussion was civil. The sergeant later invited Salmons for coffee to continue the conversation privately.

Salmons brought a book on the topic to work. Colleagues photographed it in his locker and reported him as a risk. An inspector then suspended him, declaring "I don't like your beliefs." Salmons noted the obvious double standard: no inspector would ever say that to a Muslim officer.

He was suspended on full pay for months, resigned under pressure in April 2025, and faced gross misconduct proceedings. Supported by the Christian Legal Centre, he appealed. Chief Constable Tim Forber overturned the dismissal before Salmons had even finished presenting his case. There was no apology and the episode devastated his family.

"I loved my job and I was good at it. I was well respected as a PCSO and my colleagues said they loved working with me and couldn't understand what was happening. But an overzealous inspector took against me and that was the end of my career, even though I had done nothing wrong," he related.

"It devastated me and my family. For months we lived in total uncertainty, with my reputation being shredded in secret. I resigned not because I had done anything wrong, but because the silence, the delay and the pressure became unbearable for my wife and daughters," Salmons added.

This is the new reality inside parts of British policing: open discussion of uncomfortable facts about Islamist ideology is treated as career-ending wrongthink, while entire days are devoted to chanting slogans and centring one faith above others.

The same ideological pressures are visible in operational failures. In the Henry Nowak case, an 18-year-old white British student was stabbed five times. He told responding officers he had been stabbed and could not breathe. Instead of treating him as a medical emergency, officers handcuffed him after his attacker falsely claimed racism. The attacker was allowed to walk away. An inquest is examining whether the handcuffing contributed to Nowak's death.

The police watchdog investigated itself and declared no wrongdoing.

Serving and former Hampshire officers later admitted the mandatory DEI training played a role. They told former Home Secretary Suella Braverman they had "it drummed into us about our white privilege and unconscious bias." One described the outsourced trainer as "deeply hateful of white people and our culture."

Meanwhile, shocking street interviews and bodycam footage show officers across forces admitting they will arrest people for speech that causes offence if an allegation is made - including phrases such as "send them all home." In one Birmingham incident, officers restrained a light-skinned suspect while a crowd of young men from ethnic minority backgrounds kicked and struck him; the police did not intervene to protect the suspect.

There has been a collapse in police standards:

These are the predictable result of years of diversity training that reframes native Britons, especially white ones, as inherent problems and elevates subjective feelings of offence above evidence and equal protection.

Into this crisis steps Keir Starmer. When US Vice President JD Vance directly addressed the Henry Nowak murder and the broader pattern, Starmer's team responded by once again accusing outsiders of interference.

A No 10 spokesman said: "In recent days we have seen people trying to interfere in our democracy and seeking to stir up division on our streets. The Nowak family are grieving after Henry's horrific murder. They have said they do not want his death to be used to create further division, hatred or tension. We should be respecting their wishes. Our politics should bring people together even in the most terrible of circumstances. That is who we are as a country."

Downing Street also rejected "any suggestion of two-tier policing."

Vance had stated the uncomfortable truth: "Henry Nowak died the same way a civilization dies: abandoned, handcuffed by authorities who neither trusted nor cared for him, and accused of hate crimes he did not commit. His murder is as tragic as it is enraging. He should still be alive today, and he would be if the last few generations of European elites had stood their ground against the politics of self-hatred and the mass invasion of migrants, many of whom despise the West and the people who love it."

He added: "Each time a life like his is lost, the proper response - the only response - is righteous anger. One of the most important things the Trump administration has proven to the world is that stopping the flow of mass migration and defending national sovereignty is a matter of political will and leadership. Anything else is an excuse."

Starmer's outrage rings hollow. The same voices now demanding silence on UK failures spent years commenting on American policing cases. The real division comes from policies that import incompatible cultures at scale, shield certain ideologies from scrutiny, and punish officers who notice the consequences.

Starmer now brands anyone linking such failures to mass migration and ideological capture as "stirring up division." Britain's police forces have been turned into enforcers of protected ideologies rather than impartial protectors of the public.

Luke Salmons was punished for treating a "safe space" as genuinely open. Henry Nowak paid with his life while officers prioritised a racism narrative drilled into them by ideologues. Thousands more officers stay silent for fear of the same fate. Meanwhile, the Prime Minister's response to criticism is to attack the messengers.

Equal justice, free inquiry inside the police, and honest discussion of the cultural and demographic realities driving these failures are not optional extras. They are the minimum requirements for a functioning civilisation. Anything less is managed decline dressed up as compassion.

Tyler Durden Sun, 06/07/2026 - 10:30

Short-Term Bitcoin Holders Are Realizing Their Largest Losses On Record; Most Oversold Since 2018 Collapse

Short-Term Bitcoin Holders Are Realizing Their Largest Losses On Record; Most Oversold Since 2018 Collapse

After this week's bloodbath...

Bitcoin is now flashing its most oversold signal since 2018, raising the odds of a relief rebound toward $70,000 in the coming weeks.

The extremely oversold reading followed a roughly 30% decline in BTC over the past month, as geopolitical riskshigher oil pricesfading hopes for a 2026 Federal Reserve rate cut, and panic over Strategy’s latest Bitcoin sale weighed on sentiment.

In addition, there was some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever.

The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering straight to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice a typical IPO sets aside for individuals.

The roadshow opened Thursday already oversubscribed, with more orders than shares on offer, Bloomberg reported. It is offering shares at a $1.8 trillion valuation.

Bitcoin fell roughly 16% over the same timespan and briefly traded below $60,000 before recovering to around $61,000.

Oversold readings this extreme often appear near seller-exhaustion zones where short-term buyers begin positioning for a relief rebound.

In 2018, the collapse was triggered in large part by the SEC's regulatory crackdown on ICOs, announcing its first civil penalties against Paragon and CarrierEQ/Airfox. But, the 2018 bear market was already underway due to the bursting of the 2017 ICO bubble, regulatory uncertainty (China bans, etc.), exchange hacks, and fading retail hype. November was more of a capitulation phase than a new shock.

In 2020, Bitcoin’s RSI dropped to around 15.56 before BTC rebounded by about 50%, helped by the Federal Reserve’s emergency shift to near-zero interest rates and large-scale bond purchases. 

In February 2026, for instance, BTC’s daily RSI dropped to around 15.86 while price held above the $60,000 support area. The signal preceded a nearly 30% recovery toward $82,850.

Following bitcoin's worst week in two years, Strategy(MSTR) Executive Chairman Michael Saylor published a framework on X, arguing that the Bitcoin community is evolving into four distinct ideological camps.

As CoinDesk reports, rather than viewing these groups as competitors, he presents them as complementary forces that will collectively shape bitcoin’s future.

  • The first group, Bitcoin Maximalists, sees Bitcoin as the ultimate monetary breakthrough. They believe bitcoin has already solved the problem of digital scarcity and offers superior property rights, protection from inflation, and economic empowerment. Their focus is conviction: bitcoin is not one crypto asset among many, but the dominant digital monetary network.

  • The second group, Bitcoin Capitalists, views Bitcoin as a form of digital capital that should be integrated into the global economy. They support corporate treasury adoption, institutional custody, bitcoin-backed securities, lending markets, and broader financial infrastructure. Their goal is to expand bitcoin's reach by embedding it into existing economic systems rather than replacing them.

  • The third group, Bitcoin Technologists, focuses on improving the protocol. They argue that Bitcoin must continue to evolve to address challenges in scalability, privacy, usability, security, and future threats such as quantum computing. While they support innovation, Saylor notes that changes to bitcoin's base layer must be approached cautiously to avoid unintended consequences.

  • The fourth group, Bitcoin Fundamentalists, prioritize protecting bitcoin's original principles: decentralization, self-custody, immutability, censorship resistance, and individual sovereignty. They are wary of excessive institutional influence, financialization, and protocol changes that could compromise Bitcoin's core characteristics.

Saylor's central argument is that Bitcoin needs all four perspectives. Maximalists provide conviction, Capitalists drive adoption, Technologists ensure long-term resilience, and Fundamentalists safeguard the protocol's integrity.

Saylor argues that Bitcoin's most successful path lies in a balance among these four forces.

As CoinTelegraph reports, Bitcoin has fulfilled two of three key conditions to spark the next BTC price “rally,” new analysis says.

Bitcoin price comeback hinges on US, Korea demand

Bitcoin whale traders are laying the foundations for BTC price relief, even as BTC/USD plumbs two year lows.

In an X post on Friday, trader CW confirmed that Bitcoin whales on both Hyperliquid and Bitfinex are signaling a market rebound.

BTC/USD long positions on Bitfinex. Source: CW/X

CW notes that Hyperliquid whales have adopted a “bullish stance” on the market, while on Bitfinex, long positions have tailed off. The latter is a classic sign that an uptrend is due next.

“What remains is for the Kimchi Premium and Coinbase Premium to turn positive,” he commented.

The Coinbase Premium is the difference in price between Coinbase’s and Binance’s BTC/USDT pairs and has been mostly negative in 2026.

Bitcoin Coinbase Premium Index. Source: CryptoQuant

A negative premium reflects weak US demand, while the Kimchi Premium monitors the South Korean exchange sector.

Once demand returns across the board, Bitcoin has a better chance of reentering a sustainable uptrend.

CW acknowledged that the Kimchi Premium has already “decreased significantly” versus earlier in the week.

Bitcoin starts its latest "bottoming out" phase

As Cointelegraph reported, consensus overall favors a macro bottoming phase playing out for BTC/USD next.

The week has seen the pair touch a key bear-market trend line in the form of its 200-week simple moving average (SMA) — another essential ingredient in a bottom formation.

“Bitcoin has only just started deviating below the 200-week SMA,”  trader and analyst Rekt Capital emphasized to X followers on Friday.

“The significance of this is that historical Bear Market Bottoming out formations have started to develop via such deviations.”

BTC/USD one-week chart with 200SMA. Source: Rekt Capital/X

Earlier, trader Leviathan described BTC price action as copying the 2022 bear market "almost perfectly."

Additionally, CoinTelegraph notes that short-term bitcoin holders are realizing their largest losses on record, according to Checkonchain data cited by crypto analyst Scott Melker.

The short-term holder realized profit/loss ratio has dropped to a new all-time low, falling below levels seen in previous Bitcoin drawdowns.

Bitcoin short-term holder realized profit/loss ratio vs. price. Source: Checkonchain

The metric tracks whether recent buyers are selling at a profit or loss. A deeply negative reading means newer holders are exiting below their cost basis, signaling panic selling.

Melker also noted that roughly 5.3 million BTC held by long-term holders is now underwater, above the post-FTX peak and the highest level since the March 2020 COVID crash.

Similar stress has appeared near past capitulation zones. Bitcoin bottomed near $15,500 after FTX before rallying roughly 690% to around $126,000 in 2025. After the COVID crash, BTC rose about 1,700% from $3,800 to nearly $69,000.

"Sentiment has tracked price almost perfectly," Melker said, adding:

"Traders were euphoric at the May peak, then hit peak despair on June 3. That’s usually when the bottom is close. Usually."

And finally, bitcoin bears piled aggressively into short positions as BTC price slid to $60,000, raising the question: Will the $2.6 billion in new short leverage lead to an upside squeeze?

The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline in Bitcoin's price, bulls might have set a perfect trap as negative market sentiment intensified. Bearish positions built up heavily between $63,000 and $66,000, setting the stage for a potential $2.6 billion short squeeze.

Estimated cumulative Bitcoin liquidation at major exchanges, USD. Source: CoinGlass

Estimated liquidations for a further 8% drop in Bitcoin to $57,000 from $62,000 stand at $1.2 billion. In contrast, a rally to $66,000 would put $2.6 billion of short positions at risk. This potential squeeze might provide enough fuel to revive buyer confidence following a record-breaking 13-day streak of net outflows from spot Bitcoin exchange-traded funds (ETFs).

US-listed spot Bitcoin ETFs daily net flows, USD. Source: SoSoValue

The minor $3 million net inflow on Thursday could represent a temporary breathing room after 15 days of selling that drained $5.1 billion. It remains too early to conclude that momentum has officially flipped in favor of the bulls. Ultimately, if bears kept their leverage low and played conservatively, the actual threat of a massive short squeeze might be minimal.

Bitcoin perpetual futures annualized funding rate. Source: Laevitas

A neutral funding rate typically ranges between 6% and 12%, with longs paying to keep their positions open. The current negative 2% Bitcoin perpetual futures funding rate suggests growing confidence among bears. Thus, even if it takes time for Bitcoin to reclaim the $66,000 level, bulls have fully deleveraged, reducing downside risk.

Nasdaq 100 futures (left) vs. Bitcoin/USD (right). Source: TradingView

Bitcoin has severely underperformed the Nasdaq 100 index, but the tech sector is beginning to display weakness after Broadcom (AVGO US) closed down 12.6% Thursday, erasing $280 billion in market value. The company trimmed its AI chip sales forecast for the second half of 2026, putting investors on alert.

Impact of the tech sector IPOs and Strategy’s 32 BTC sale

Other prominent names in the AI sector also felt the impact. Micron (MU US) traded down 7.8% while Arm (ARM US) dropped 4.5%. With highly anticipated IPOs from SpaceX, Anthropic, and OpenAI in sight, investors likely opted to raise cash ahead of those offerings. Analysts claim this liquidity drain also contributed to Bitcoin's recent weakness.

Source: X/dgt10011

Jeff Park, partner at ParaFi Capital and Bitwise advisor, argues that the AI sector is draining money from other investments as the market becomes a “hot ball of money” that everyone suddenly “has to own”. However, Park reminds that once this period of AI mania blows off, capital will eventually rotate back to Bitcoin as its discounted valuation works in its favor.

Regardless of whether Bitcoin’s weakness stems from AI sector hype, excessive confidence from bears poses a major risk once spot Bitcoin ETF inflows pick up or the fear surrounding a recent 32 BTC sale from Strategy (MSTR US) dissipates.

A rally back to $66,000 might seem unlikely at first glance, but a sudden short squeeze could quickly shift momentum in favor of the bulls.

Tyler Durden Sun, 06/07/2026 - 09:55

Europe 2.0, Beyond Brussels: The End Of The European Union As We Know It

Europe 2.0, Beyond Brussels: The End Of The European Union As We Know It

Authored by Frank-Christian Hansel via American Greatness,

Europe has reached the end of an era. Not the end of its history, but the end of its false form. For decades, the European Union served as the great substitute project of a continent that no longer dared to think politically. It promised peace without power, order without a people, unity without roots, and prosperity without cost. That was its founding lie, and it was a lie from the very beginning.

Political order does not grow out of procedural routines, commission papers, or moral self-incantation. It grows out of peoples, interests, borders, loyalties, and the willingness to defend what is one’s own. Legitimate authority rests on a people and its consent, not on an apparatus and its expertise. That older idea—that government draws its life from the governed rather than from the competence of its administrators—is precisely what Brussels has spent two generations trying to administer away.

That is why today’s EU is not the high point of European history but its bureaucratic state of exhaustion. It is too centralized to be free and too artificial to be binding. It commands an immense body of rules and possesses no sustaining political soul. It has institutions, but not the kind of historically grown legitimacy that holds a community together across generations.

And so it answers every crisis with the same reflex: more centralization, more redistribution, more standardization, more discipline. What is sold as the solution is only the problem enlarged.

Europe is not failing because there is too little Brussels. Europe is failing because there is too much Brussels. It is failing because of a political class that no longer sees the continent as a historical space but as an object of administration. It is failing because of an ideology that treats every organically grown difference as a defect and therefore regards peoples, traditions, and national particularities as raw material to be processed. And it is failing because of a functional elite that has learned to disguise power as morality and to pass off its own interests as universal values.

There is a name for this kind of governance: the administrative state—the permanent, unelected layer that survives every election, answers to no voter, and grows whether the public wants it to or not. Brussels is that layer raised to the continental power and freed from even the inconvenience of a national electorate. There is no European demos to vote the managers out. That is not a flaw in the design. It is the design.

The real scandal of Europe today is not even its material mismanagement but its intellectual arrogance. The Union behaves as though it could suspend history—as though cultures could be harmonized like technical standards, as though political loyalty could be decreed the way one issues a packaging regulation. As though a continent of radically different historical experiences, economic structures, demographic trajectories, and security realities could be pressed into one standardized form without damage. Yet the damage is already visible. The EU is not unifying Europe. It is wearing it down.

To see why, it helps to return to a text that saw the whole thing coming. In 2011, long before today’s disruptions, the German social scientist Gunnar Heinsohn published an essay whose title I have borrowed and broadened here: “Europa 2.0: Neuzuschnitt der Alten Welt” (Europe 2.0: Recutting the Old World). It was written in the first panic of the euro rescues, and it has aged with uncomfortable precision.

Heinsohn’s argument was not, in the first place, a complaint about Brussels. It was an argument about arithmetic. He began with the chain of liabilities that the productive European middle class—the net taxpayers, the people who put in more than they take out—had quietly been made to guarantee. First, the bank rescues of 2008. Then the Greek bailout and the great euro backstops of 2010, which shielded bondholders and the comfortable classes of the periphery at the expense of taxpayers who were never asked. Then the implicit guarantees extended to the aging, shrinking states of the European East. And beneath all of it, an ever-growing domestic population to be supported for life. The decisive point was simple and merciless: when all these promises—upward, downward, and outward—come due at once, no one will be left to bail out the people who were made to do the bailing.

The mechanism is general. A government that collectivizes debt, anonymizes liability, and blurs responsibility will always end by taxing the people who never agreed to the bad decisions of others. Heinsohn merely showed that the European Union had written this principle into its very constitution. Any order that treats difference primarily as a financing problem must degenerate into a transfer machine. And a transfer machine is, sooner or later, politically hated—because it morally expropriates the productive and politically infantilizes the weak, rewarding neither virtue nor reform but only dependency. What it produces in the end is not solidarity but resentment: a bureaucratically managed exhaustion of the common good.

But Heinsohn’s deeper move was to set this fiscal machine on top of a demographic one—and here the argument becomes genuinely radical. The transfers are not merely unjust; they are mathematically doomed, because the population expected to honor them is collapsing. Across much of Europe, and most severely in the East, birth rates have run far below replacement for two generations. The productive base shrinks while the dependent base grows and ages. You cannot underwrite an expanding empire of guarantees with a contracting nation of guarantors. The numbers do not forgive ideology.

From this, Heinsohn drew a conclusion that polite Europe still refuses to say aloud: not all human capital is equal, and a civilization that loses its capacity to attract and cultivate talent does not stay rich for long. Innovation is decided at the top of the distribution, by the density of the highly capable, not by raising the average.

Importing large numbers of low-skill dependents, he argued, costs billions and replaces not a single first-rate mind, while a society that selects for ability—as the Swiss and the Danes already do—renews itself. Strip away the provocation and a plainer proposition remains: a serious country runs immigration in its own interest, as a selective system, choosing the people it needs rather than absorbing whoever happens to arrive. A civilization unwilling to reproduce itself has, in any case, already mortgaged its own future. Whatever one makes of these claims, Heinsohn’s 2011 essay reads today less like a period piece than like a forecast.

What, then, is the alternative? Heinsohn’s answer was not “more Europe,” and it was not “back to the nation-states of 1914.” It was a recutting—a deliberate sorting of the continent into political spaces that can actually function, each organized around two hard criteria: a currency that is genuinely sound and a society genuinely attractive to the talent it needs.

His model for both was not an abstraction. It was a sort of Switzerland.

Consider what Heinsohn admired in it. Its central bank does not monetize the debt of badly run governments; it will not take their paper as collateral and will not buy it—which is exactly why a country of fewer than nine million can hold a reserve-grade currency. Sound money, enforced by the refusal to bail anyone out. Its cantons do not subsidize one another into permanent dependency; there is no grand equalization scheme shuffling money from the competent to the connected. Instead, the cantons compete—for innovative firms, for capable workers, for investment—and grow their revenue by winning that competition rather than by lobbying for a larger share of someone else’s. Tax competition, fiscal discipline, and federalism as a sport rather than a shakedown. And immigration authority sits at the local level: it is the communes, not a distant central ministry, that decide who settles where—which is why the children of Swiss immigrants tend to perform like Swiss children rather than like a permanent underclass parked wherever a bureaucrat finds room.

The list of features is easy to state: sound money, decentralized authority, local control over who settles where, tax competition in place of redistribution, and a central government that coordinates only the few things that genuinely must be coordinated and leaves the rest to the level closest to the decision. The European word for this is subsidiarity. Heinsohn’s quiet provocation was to note where it actually survives—not in the European Union, but in the small, stubborn confederation that the Union spent two decades trying to fine, pressure, and squeeze into compliance.

Heinsohn then took the principle to its conclusion and asked what Europe would look like if it were organized by those criteria rather than by inherited borders. The criteria themselves are the point, and they are worth stating plainly, because they describe a direction rather than a destination:

A viable space, in his account, is one that can secure its own sound currency without monetizing anyone’s debt; one attractive enough to draw and keep the talent it needs rather than merely the dependents it acquires; one governed closely enough to its people that consent is real and not merely assumed; and one freed from open-ended liability for the failures of others. Spaces that can meet those tests cohere on their own. Spaces that cannot have to be held together by transfers and decree—which is the very condition that Europe is now exhausting itself trying to maintain.

From this, he sketched a deliberately provocative map—not a forecast and not a plan, but a way of making the criteria concrete. He imagined the continent re-associating into a handful of post-national economic and cultural spaces, sorted by affinity and by their capacity to meet those tests:

A northern federation gathering the Scandinavian countries with the prosperous German north. An Alpine federation built around the Swiss core, drawing in the wealthy regions of southern Germany, Austria, and northern Italy that already share its economic temperament. A revived commonwealth across the old Polish-Lithuanian space to the east. A Mediterranean union with its own southern currency and its own vocation, reaching from the Iberian Atlantic to the eastern shore of the sea. And where the old centers of the postwar order remained, a residual western bloc around Berlin, Paris, and London. He even allowed himself the heresy of supposing that productive regions might one day choose, politically, which space to belong to—that belonging itself might follow function rather than inheritance.

I set this out as Heinsohn set it out: as a thought experiment offered to clarify a direction—not as anyone’s program, and certainly not as mine. Its value lies not in the borders it draws but in the question it forces. Political belonging is not a law of nature fixed forever by the cartographers of 1815, and spaces that generate neither real sovereignty nor genuine loyalty have no claim to permanence simply because they happen to exist. Heinsohn noted, dryly, that his redrawn map was the conservative, earthbound option—far more grounded than the libertarian dream of seasteading, of escaping onto artificial islands beyond the reach of any government at all. When the sober alternative is a recut continent, and the radical one is floating cities in international waters, you have a fair measure of how exhausted the inherited order has become.

The usable core of all this is not the map, but the principle, and the principle is what I want to carry forward. Europe should no longer be conceived as a project of uniformity but as a system of differentiated political spaces. This is not a regression into petty-state fragmentation. It is the overdue recognition of European reality. The continent has always been most productive when it combined diversity with form—when its political units stayed manageable, legitimate, and capable of acting, and broader cooperation happened only where it genuinely made sense. It grew weak whenever it manufactured institutions that produced neither real sovereignty nor genuine belonging.

A new Europe would therefore begin with a ruthless disentangling. Everything that does not absolutely require continental regulation goes back to sovereign states—not out of nostalgia, but out of reason. Border protection, major infrastructure corridors, selected security cooperation, raw-material and energy security, and certain trade questions: these may need joint coordination. But cultural policy, social policy, identity questions, vast stretches of economic and regulatory law, and above all the question of democratic self-government do not belong to a supranational apparatus. Wherever politics becomes existential, the decision must move back toward the people and the state.

This is also where the deepest and most delicate point lies, the one that separates a serious continental order from a managed bloc. Europe can think as a continent only if it stops organizing itself around a permanent architecture of enemies. An order built primarily against Russia is, in the long run, not a European order at all;

it is the strategic extension of outside interests carried out on European soil. A viable continental order would have to find a way to include Russia rather than excommunicate it forever.

This is not sentimental Russophilia, and it is not a denial that real conflicts exist. It is the recognition of a basic fact of geopolitics: a continent that permanently writes its largest eastern power off the map turns itself into the forefield of others. Peace does not come from moral outrage. It comes from a durable order of power, interests, and space—balanced security interests, limited spheres of influence, and reorganized economic interdependence. Whoever defines Russia out of Europe defines Europe as a geopolitically incomplete space, dependent for its security on decisions made elsewhere. And a continent that will not defend, fund, or even define itself can hardly be surprised when its allies begin to ask why they should keep doing so on its behalf.

And here Heinsohn’s monetary intuition returns one last time. He imagined that even the names of currencies could keep a European feeling alive—a Nordic crown, an Alpine franc, and an eastern and a western and a Mediterranean euro, competing for international trust. Strip away the specifics, and the principle is straightforward: competition disciplines money as it disciplines everything else. A single currency imposed on radically unequal economies is not a symbol of unity. It is a mechanism for converting other people’s indiscipline into your own inflation.

What follows from all this is a single European principle: cooperation without fusion. Proximity without centralism. Continentality without empire. Europe would no longer be a union of ideological conformity but a confederation of historic peoples and political spaces—able to breathe again because not everything would have to be forced to the same institutional, economic, and moral temperature. In place of harmonization at any price: the freedom to shape one’s own order. In place of integration as an end in itself: cooperation grounded in shared interests. In place of a normative superstate: a Europe of different speeds, forms, and focal points.

And that, precisely, is the only road to genuine European sovereignty. Europe will not become sovereign because Brussels accumulates more powers. It will become sovereign only when its states and peoples recover real political substance and form alliances on that basis. Sovereignty requires capabilities, not rhetoric—industrial, military, technological, and cultural self-assertion. A Europe that obsesses over censorship and regulation at home while failing to secure its borders, its energy, and its strategic infrastructure abroad is not sovereign. It is a normative colossus on geopolitical clay feet.

This is where the mask of European moralism finally falls away. The Union speaks of democracy while narrowing the range of permissible opinion. It speaks of diversity while pursuing cultural conformity. It speaks of peace while manufacturing new lines of confrontation through ideological bloc logic. It speaks of openness while losing control of its borders. It speaks of resilience while making itself dependent. None of this is an accident. It is the logical result of a project that replaced political reality with normative self-staging.

The alternative is not a naive nationalism but a European realism, a realism that understands that peoples do not vanish because elites find them embarrassing; that spaces do not lose their meaning because technocrats redefine them as functional zones; that history does not end because a bureaucracy tries to regulate it away; and that order endures only where freedom, belonging, and responsibility are brought back together.

Europe therefore does not need a cosmetic correction of its institutions. It needs a change of political form: away from a morally charged administrative union and toward an order of the continent; away from abstract universal ideology and toward a concrete civilizational politics; and away from the permanent effort to define the European against the very conditions that made Europe possible. Europe must stop trying to emancipate itself from its own inheritance and learn again to draw strength from it.

Only then could today’s zone of crisis become a historical space once more: a Europe no longer under the guardianship of its own apparatus; a Europe that does not treat every internal difference as a threat or every external border as a moral failing; a Europe that takes itself seriously as a continent—plural in its forms, clear in its borders, sober in its interests, and resolved to defend itself.

The time of the Union as we know it is running out. The only question is whether Europe will shape this transition itself—or whether it will be torn apart by the contradictions of its own artificial construction and have its place in the world decided by others.

The alternative is clearer than many care to admit:

Either Europe becomes political again - or it remains an apparatus until other powers decide its place in the world.

Tyler Durden Sun, 06/07/2026 - 08:10

Most Teens Aren't Going To Social Media For Politics

Most Teens Aren't Going To Social Media For Politics

Teens turn to social media for multiple purposes: to catch up with friends, for entertainment and to connect with others over similar interests.

However, as Statista's Anna Fleck reports a possible misconception, however, is that many are going to platforms such as Instagram, Snapchat and TikTok for politics.

According to a recent survey of 1,458 teenagers in the United States, conducted between September 25 and October 9, under one in three respondents said that keeping up with politics or political issues was a main personal draw towards each of the respective social media platforms.

 Most Teens Aren't Going to Social Media for Politics | Statista

You will find more infographics at Statista

While most teens said that politics was not one of the main reasons for using the apps, U.S. teens were most likely to turn to TikTok and Instagram for political content (29 percent and 28 percent, respectively, said they would), followed by Snapchat (19 percent).

More popular reasons to use TikTok were entertainment (96 percent) and to know what’s going on with family and friends (86 percent).

When it comes to social media platforms as a source for news, then TikTok was also more commonly chosen over the other two.

Still, under half of respondents (45 percent) picked it as a main reason for using the platform, followed by 39 percent for Instagram and 26 percent for Snapchat.

Pew analysts found that Black teens were more likely than white and Hispanic teens to turn to TikTok for news, product recommendations and keeping up with athletes or celebrities and connecting with others.

Meanwhile, white teens on Snapchat were most likely to message people every day.

Tyler Durden Sun, 06/07/2026 - 07:35

A Serious Country Does Not Swap Its Greatest Leader On Banknotes For Little Animals

A Serious Country Does Not Swap Its Greatest Leader On Banknotes For Little Animals

Authored by Steve Watson via Modernity,

The Bank of England has now admitted the quiet part out loud. Historical figures including Winston Churchill were removed from future banknotes after researchers told officials they were "elitist and divisive."

The move replaces British legends with wildlife in a calculated step to sideline national heroes and accelerate cultural replacement.

This is not a neutral design update. It is institutional capture in action, where the man who rallied Britain against Nazi tyranny gets sidelined because focus groups and consultants found him too problematic for modern sensitivities and would prefer to look at a Fox or a hedgehog instead.

The revelation aligns precisely with plans first laid out months earlier. Back in March, the Bank announced it would phase out portraits of Churchill on the £5 note, Jane Austen on the £10, JMW Turner on the £20, and Alan Turing on the £50. In their place would come native British wildlife, plants, and landscapes.

King Charles III would remain on the front of the notes. Officials claimed the shift followed a public consultation with over 44,000 responses, where around 60 percent supposedly favored nature themes for security reasons and to celebrate the environment.

Critics at the time called the idea absurd and bonkers. They warned it represented a war on history and showed the Bank had been captured by progressive ideology. One former business minister said notes should honor the historical giants who shaped the nation rather than fuzzy animals.

Another asked what came next - squirrels running the economy. Observers noted it fit a wider pattern of erasing or downplaying Britain's past under the banner of progress and diversity.

That pattern includes London museums draping portraits to "reclaim Caribbean history," the removal of Shakespeare, Thatcher, and Churchill artworks from 10 Downing Street in favor of pieces by artists with Caribbean ties, Cambridge panels labeling Churchill a white supremacist whose empire was supposedly worse than the Nazis, and a London primary school renaming "Churchill House" after Marcus Rashford to promote diversity. Statues of Churchill have faced vandalism and calls for removal, including during pro-Palestine protests earlier this year. Each step chips away at the symbols that once unified national memory.

Now the June reporting makes the motive unmistakable. Research commissioned by the Bank concluded that figures such as Churchill, Alan Turing, and Jane Austen were "contentious and not representative of the UK's cultural and natural diversity." Officials received advice to replace the portraits with nature images because historical figures represented "a backward-looking vision of the UK that carries too great a risk of division and controversy."

The Bank has insisted the decision was not driven by that specific research but by an earlier poll showing public preference for nature. Yet the Freedom of Information details tell a different story about how the process unfolded behind closed doors.

A public consultation is currently running on the wildlife shortlist. Proposed replacements include an owl, hedgehog, badger, or common frog. One commentator summed up the national mood: "We are not a serious country anymore."

Some of the animals under consideration are not even native to Britain. That detail alone exposes the move as more than harmless environmental appreciation. It functions as a psyop to further erode British culture - stripping away recognizable national symbols and replacing them with generic or imported imagery that weakens any sense of rooted identity.

This fits the same ideological framework that has infected other institutions. DEI priorities and critical race theory obsessions treat any strong assertion of British heritage as inherently suspect. The man who helped defeat fascism is recast as "divisive" while the focus shifts to animals that supposedly better reflect "cultural and natural diversity." The result is a currency that no longer celebrates the people who built and defended the country. It celebrates detachment instead.

The broader assault continues without pause. Schools, museums, government buildings, and now the Bank of England itself participate in softening, diluting, and apologizing for the past. Historical giants are judged not by their achievements but by whether they pass modern committee tests on representation. When they fail, they are quietly retired in favor of whatever the latest advisory group deems safe and inclusive.

Britain's wartime leader did not save the nation so that unelected researchers and captured bureaucracies could later declare him unfit for the money supply. Yet that is exactly what has happened. The same institutions that owe their continued existence to Churchill's stand now treat his image as a liability.

A country that systematically removes its heroes from public view is not evolving. It is forgetting how to value itself. The Bank of England's choice to prioritize "non-divisive" wildlife over the figures who actually shaped the United Kingdom sends a clear message: national pride is now considered too risky for everyday transactions.

Britons who still believe their history is worth defending have every reason to push back. This is not about banknote design. It is about whether the nation retains the confidence to honour the people and events that made it possible. Replacing Churchill with a hedgehog is not progress. It is surrender dressed up as sensitivity.

Tyler Durden Sun, 06/07/2026 - 07:00

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