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 July 19, 2025  Posted by at 9:00 am Finance Tagged with: , , , , , , , , , , , ,  Add comments


Paul Gauguin Tahitian scene 1892

 

Tulsi Gabbard: ‘Overwhelming Evidence’ Of Obama Coup Plot Against Trump (RT)
FBI Allegedly Told Agents to Flag Mentions of Trump in Epstein Files (Sp.)
Guess Who’s Behind WSJ’s Trump-Epstein ‘Bombshell’? (Margolis)
RFK Jr. Rejects Dystopian WHO Pandemic Amendments (Salgado)
White House Explains Trump’s Swollen Ankles and Bruised Hand (RT)
Navarro: Why Retail Sales Growth Exceeds all Wall Street Projections (CTH)
Trump Eyes Executive Order To Open Up Retirement Funds To Crypto: FT (CT)
Ukraine’s ‘Rout’ Will Continue – Medvedev (RT)
EU Reveals 18th Sanctions Package Against Moscow (RT)
Putin Aide Gives Verdict On New EU Sanctions (RT)
Brussels Budget Plan Could Destroy EU – Orban (RT)
France a ‘Fiscal Time Bomb’ For EU – Bloomberg (RT)
Freedom Caucus Attempts to Block Central Bank Digital Currency (Caldwell)
Release Ghislaine Maxwell (Paul Craig Roberts)
American AI Could Die in Court Before It Ever Takes Off (Rotella)
Artificial Intelligence Breeds Mindless Inhumanity (RCW)

 

 

 

 

tucker

letter

 

 

 

 

Obama, Clapper, Brennan, Comey, Susan Rice, Andrew McCabe, Loretta Lynch. At a meeting in the White House. Start there.

Q: what effect has the made up smear had on today’s relations with Russia?

Tulsi Gabbard: ‘Overwhelming Evidence’ Of Obama Coup Plot Against Trump (RT)

Former President Barack Obama’s administration deliberately manipulated intelligence to frame Russia for interfering in the 2016 presidential election, according to newly declassified documents released on Friday by America’s Director of National Intelligence Tulsi Gabbard. Gabbard unveiled more than 100 pages of emails, memos, and internal communications, which she described as “overwhelming evidence” of a coordinated effort by senior Obama-era officials to politicize intelligence and launch the multi-year Trump–Russia collusion investigation. She dubbed it “a treasonous conspiracy to subvert the will of the American people.” The scandal severely damaged relations between Moscow and Washington, leading to sanctions, asset seizures, and a breakdown in normal diplomacy.

https://twitter.com/DNIGabbard/status/1946271402971312514?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1946271402971312514%7Ctwgr%5E5e032d175c5299fac3a017ebc97f6cb0f695d014%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.rt.com%2Fnews%2F621667-russiagate-probe-trump-obama%2F

”This intelligence was weaponized,” Gabbard said. “It was used as a justification for endless smears, for sanctions from Congress, and for covert investigations.” She added: “When key internal assessments found that Russia ‘did not impact recent U.S. election results,’ those findings were suppressed.” “For months before the 2016 election, the Intelligence Community maintained that Russia lacked both the intent and capability to hack U.S. elections,” Gabbard noted. “But once President Trump won, everything changed.” One document — a draft President’s Daily Brief dated December 8, 2016 — stated Russia “did not impact recent U.S. election results” through cyberattacks. The report, prepared by the CIA, NSA, FBI, DHS, and other agencies, found no evidence of voting interference.

Yet Fox News reported on Friday that the document was pulled — “based on new guidance,” according to internal emails. Hours later, a high-level Situation Room meeting took place, attended by officials including DNI James Clapper, CIA Director John Brennan, National Security Adviser Susan Rice, FBI Deputy Director Andrew McCabe, and Attorney General Loretta Lynch.

According to declassified notes, attendees agreed to produce a new intelligence assessment at President Obama’s request. That report, released on January 6, 2017, claimed Russia had intervened in the election to help Donald Trump — directly contradicting earlier assessments. Gabbard claims the revised assessment leaned on the discredited Steele Dossier — compiled by a former British spy — while sidelining dissenting views within the intelligence apparatus. “This was not intelligence gathering,” Gabbard stated. “It was narrative building.”

Confirmed as DNI earlier this year — after a contentious process — Gabbard says she has forwarded the documents to the Department of Justice. She has urged investigations into former CIA Director John Brennan and former FBI Director James Comey, who are reportedly facing criminal inquiries. “No matter how powerful, every person involved must be brought to justice,” she stressed. “Our nation’s integrity depends on accountability.” “The integrity of our democratic republic depends on full accountability,” Gabbard concluded. “Nothing less will restore the public’s trust — and ensure nothing like this ever happens again.”

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“..1,000 staff to work 24-hour shifts in March to review 100,000 Epstein-related records for rapid release..”

Q: why does Kash Patel’s FBI look for mentions of Trump?

FBI Allegedly Told Agents to Flag Mentions of Trump in Epstein Files (Sp.)

The FBI allegedly urged the agents to track US President Donald Trump references in the Epstein case, US Senator Dick Durbin said in a letter addressed to Attorney General Pam Bondi. Durbin claimed the FBI was pressured to assign around 1,000 staff to work 24-hour shifts in March to review 100,000 Epstein-related records for rapid release, with untrained personnel from the New York office reportedly assisting in the process. “My office was told that these personnel were instructed to “flag” any records in which President Trump was mentioned,” Durbin said. Durbin went on to say that despite weeks of intensive review, it took the US Department of Justice (DOJ) over three more months to conclude there was no incriminating “client list.”

He added that the July 7 memo omitted any mention of a whistleblower or promised documents, and suggested public trust was further eroded by the release of allegedly altered surveillance footage from outside Epstein’s cell. Durbin questioned the accuracy of previous public statements regarding Epstein-related records and said the lack of transparency may undermine trust in the DOJ’s July 7 conclusion that no incriminating “client list” exists. In his letter, Senator Durbin requested answers by August 1, including whether all Epstein files have been personally reviewed, why a “client list” was publicly claimed in February but not released, and details about a whistleblower’s disclosure of additional records. He also asked for the names of ethics officials consulted, reasons for assigning 1,000 FBI staff to 24-hour shifts, and why mentions of Trump were flagged and how those records were handled.

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Russiagate all over again.

Guess Who’s Behind WSJ’s Trump-Epstein ‘Bombshell’? (Margolis)

The Wall Street Journal embarrassed itself Thursday by hyping a so-called Trump-Epstein “bombshell” that amounted to nothing more than a disputed birthday card from 2003 that they won’t show, and that Trump denies writing and is now suing over. The rest of the story was recycled material long in the public domain. Desperate to revive the left’s failed narrative tying Trump to Epstein, the Journal grasped at straws while ignoring Epstein’s far more substantial connections to powerful Democrats like Bill Clinton, who flew on Epstein’s jet multiple times and visited his island — facts the media still downplays to this day. Joe Palazzolo, one of the Wall Street Journal reporters who broke the “blockbuster” story, previously worked for Main Justice, which is his only prior reporting experience listed in his bio.

Joe joined the Journal in 2010 from trade publication Main Justice, where he covered the U.S. Justice Department. Before moving to the investigations team in 2019, he reported on national legal affairs for the Journal for seven years, focusing on the nation’s prisons, courts, gun laws and law enforcement. Why does this matter? Well, Main Justice is a publication founded by Mary Jacoby. That name may not be familiar to you, but she is the wife of Glenn Simpson — the guy who founded Fusion GPS. That’s the outfit Hillary Clinton and the DNC paid to concoct the infamous Steele Dossier that fueled the Russian collusion hoax. Guess where Glenn and Mary cut their teeth before exporting their political dirty tricks to the broader media? That’s right —The Wall Street Journal.

The incestuous relationships aren’t even hidden; they practically serve them up on a silver platter and still expect us to act surprised when another so-called “bombshell” arrives containing every DNC talking point, T’s crossed and I’s dotted. President Trump isn’t playing along this time. He’s suing the Wall Street Journal, calling the Epstein birthday letter story complete fiction, and arguing that basic journalistic integrity—like letting him respond to an accusation—was discarded in the left’s rush to get another “scandal” published. Considering the history here, it’s not just plausible, it’s likely. How many times have we watched these operatives masquerade as journalists, deliver a conveniently-timed anti-Trump narrative, and then retreat behind the thin veil of press freedom when challenged?

Jacoby’s not just media-connected; her father is a longtime executive at Stephens Investments, whose attorney back in the day was none other than Hillary Clinton at the Rose Law Firm. It’s all part of the same Clinton-DNC-Fusion GPS web that keeps resurfacing every time there’s a new “scandal” targeting Trump. Once again, a Trump “bombshell” traces back to the same partisan ecosystem that gave us the Steele Dossier. The deeper you look, the clearer it becomes: This isn’t journalism; it’s narrative warfare. And after this stunt from the Journal, it’s no wonder Americans are tuning the media out in record numbers.

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Sounds like a narrow escape. What about EU countries?

RFK Jr. Rejects Dystopian WHO Pandemic Amendments (Salgado)

Health and Human Services Secretary Robert F. Kennedy Jr. just announced the defeat of authoritarian World Health Organization amendments that tended toward an anti-freedom, unhealthful, unscientific dystopia. Kennedy joined with Secretary of State Marco Rubio to formally reject the amendments. Critics have long warned these modifications would essentially have given the WHO total control to dictate the United States’ national response to anything it arbitrarily labeled a pandemic.

“The proposed amendments to the International Health Regulations open the door to the kind of narrative management, propaganda, and censorship that we saw during the COVID pandemic,” Kennedy said in a Friday press release. “The United States can cooperate with other nations without jeopardizing our civil liberties, without undermining our Constitution, and without ceding away America’s treasured sovereignty.” This follows Trump’s withdrawal from the WHO, as the press release noted: “The amended IHR would give the WHO the ability to order global lockdowns, travel restrictions, or any other measures it sees fit to respond to nebulous “potential public health risks.” These regulations are set to become binding if not rejected by July 19, 2025, regardless of the United States’ withdrawal from the WHO.”

Rubio also issued a statement. “Terminology throughout the amendments to the 2024 International Health Regulations is vague and broad, risking WHO-coordinated international responses that focus on political issues like solidarity, rather than rapid and effective actions,” he said. “Our Agencies have been and will continue to be clear: we will put Americans first in all our actions and we will not tolerate international policies that infringe on Americans’ speech, privacy, or personal liberties.” Dr. Robert Malone, mRNA pioneer and critic of the WHO’s disastrous COVID-19 policies, celebrated: “Big win indeed. The worm turns, and elections have consequences.” They certainly do.

The IHR amendments would have allowed the WHO to dictate lockdowns and other policies to the United States if it determined that there were “potential public health risks.” And the WHO got to define exactly what constituted a requisite health risk. That could be a cold virus, bird flu, even potentially obesity — there was a lot of latitude for the WHO, which proved itself untrustworthy during COVID. Rep. Andy Biggs (R-AZ) also praised the news. “WHO is an unaccountable international organization that hands individuals’ healthcare freedoms to corrupt bureaucrats,” he stated. “I’m thankful for Secretary Kennedy’s firm stance against WHO’s Pandemic Agreement that will protect Americans’ health freedom and privacy. Let’s Make America Great and Healthy Again.”

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Shaking so many hands you get bruises on yours.

White House Explains Trump’s Swollen Ankles and Bruised Hand (RT)

The White House has released a memo from President Donald Trump’s physician explaining recent visible changes in his limbs, which some observers had taken as indicators of a serious health condition. In a memo issued Thursday, Dr. Sean P. Barbabella said Trump has been diagnosed with chronic venous insufficiency, a condition he described as “benign” and common among people over the age of 70. Trump, 79, was recently seen with swelling in his legs, which Dr. Barbabella attributed to the condition. Chronic venous insufficiency is typically age-related and involves malfunctioning of one-way valves in the veins, which are responsible for returning blood to the heart.

The legs are often affected because the veins there must work harder against gravity. People who spend extended periods standing are more susceptible to the disorder. According to the statement, no signs of more serious vascular conditions – such as deep vein thrombosis – were found. Barbabella also explained that recurring bruising on the back of Trump’s right hand was the result of “soft tissue irritation from frequent handshaking” and preventive aspirin use. While swelling in Trump’s ankles gained attention last week, the bruises on his hand have been visible since at least October, fueling speculation that he was undergoing intravenous treatment.

Trump and his staff have repeatedly said the marks are due to vigorous handshaking. Many senior US officials are of advanced age. Critics argue that the country’s political system favors seniority and has effectively turned into a gerontocracy. President Joe Biden’s age became a major campaign issue during last year’s presidential election. His aides were accused of hiding signs of cognitive decline to keep him in the race. Biden dropped out of the campaign less than four months before Election Day after a disastrous debate performance against Trump.

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“With inflation low, retail sales high, and with a previously reported drop in U.S. imports, the second quarter GDP is likely to be much stronger than anyone previously predicted..”

Navarro: Why Retail Sales Growth Exceeds all Wall Street Projections (CTH)

White House Trade and Economic Advisor Peter Navarro takes a well deserved victory lap on the latest U.S. consumer sales news. The Census Bureau report yesterday highlighted that consumer sales remain strong at +0.6%, significantly higher than all economists forecast. Retail sales growth is important because approximately two-thirds of the U.S. GDP growth is driven by consumer sales. With inflation low, retail sales high, and with a previously reported drop in U.S. imports, the second quarter GDP is likely to be much stronger than anyone previously predicted. Thus, Peter Navarro is leaning forward against the naysayers. This is essentially a repeat of the 2017/2018 economic outcome from President Trump’s first term in office.

The tariffs, which are applied to the ‘cost’ side of the dynamic, are mostly being absorbed by major producing nations who are reliant upon export to the U.S. market. Simultaneously, the tariffs are generating income – essentially exfiltrating foreign wealth and returning those funds to the USA; a complete reversal of the rust-belt dynamic. What Peter Navarro outlines is the core of MAGAnomics. This is also the baseline for our CTH assembly in support of economic nationalism, which is why we ended up in conflict with the Chamber of Commerce Republicans. Tariffs are a tool to leverage reciprocal trade, and as long as nations like China continue taking measures to subsidize their exports, the tariffs simultaneously take wealth (those subsidies) from Beijing and return it to the USA.

This reality has always been the model we predicted would be successful for Americans, and I will remind everyone that ONLY DONALD TRUMP could deliver this MAGAnomic program. Everything else, Epstein, Musk, etc. is chaff and countermeasures deployed by both Democrats and Republicans in an effort to take back control of the money flow. Remember, Democrats want power – Republicans want money. Democrats use money to get power, while Republicans use power to get money. This is how the two-wings of the DC UniParty vulture maintain status. You can see that if you take away the money, democrats lose power.

Simultaneously if you take away control of the money, the republicans go bananas. This dual reality forms the baseline of the elite club opposition against President Trump. At the core of the opposition you find money, control of the USA treasury as a weapon. When you understand that aspect, you understand the motives of Federal Reserve Chairman Jerome Powell. FED Chair Powell’s refusal to lower interest rates is an attempt to assist both wings of DC by trying -and failing- to influence the money flows. Democrats support Powell’s approach because they want power. Republicans are willfully blind to Powell’s approach because they want to get back in control of the money. Pro-America economic policy, MAGAnomics, is like kryptonite to Washington DC.

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People easily get nervous about their pensions.

Trump Eyes Executive Order To Open Up Retirement Funds To Crypto: FT (CT)

US President Donald Trump is reportedly set to sign an executive order that could allow American 401(k) retirement plans to invest in alternative assets outside of stocks and bonds, such as cryptocurrencies. The executive order could be signed sometime this week, the Financial Times reported on Thursday, citing three people who have been briefed on the plans. The new 401(k) investment options could run across a broad spectrum of assets, including digital assets, metals and funds focused on infrastructure deals, corporate takeovers and private loans. The executive order would instruct Washington regulatory agencies to investigate the best path forward for 401(k) plans to start investing in crypto, and investigate any remaining obstacles to making it a reality, according to the Financial Times.

However, in a statement to Cointelegraph, White House spokesman Kush Desai said nothing should be deemed as official unless it comes from Trump himself. “President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future,” he said. “No decisions should be deemed official, however, unless they come from President Trump himself.” In May, the US Labor Department rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans. Meanwhile, in April, Cointelegraph reported that financial services company Fidelity, which has $5.9 trillion in assets under management, introduced a new retirement account allowing Americans to invest in crypto.

A 401(k) is a retirement savings plan offered by many US employers that allows employees to save and invest a portion of their paycheck in the funds before taxes are taken out. Typically, investments focus on mutual funds, exchange-traded funds, stocks and bonds, depending on the plan. The 401(k) market held $8.9 trillion in assets as of Sept. 30, 2024, in more than 715,000 plans. At a state level, in March, North Carolina lawmakers already introduced bills in the House and Senate that could see the state’s treasurer allocate up to 5% of various state retirement funds into crypto like Bitcoin. In November last year, the United Kingdom-based pension specialist Cartwright reported that an “unnamed scheme” had made a 3% allocation of Bitcoin into its pension fund. Meanwhile, Japan’s Government Pension Investment Fund was also considering Bitcoin as a potential diversification tool in March last year.

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“Strikes against objects in the so-called Ukraine, including Kiev, will be carried out with increasing force..”

Ukraine’s ‘Rout’ Will Continue – Medvedev (RT)

Russia will continue to rout Ukrainian forces on the battlefield despite the EU’s decision to impose its 18th package of sanctions against the country, former President Dmitry Medvedev said on Friday. The EU member states had approved the sweeping economic restrictions earlier in the day, mostly targeting Russia’s energy and financial sectors, in another attempt to pressure the country over the Ukraine conflict. Moscow has repeatedly condemned the sanctions as “illegal.” The measures will not derail Moscow with regards to the conflict any more than the previous 17 packages did, according to Medvedev, who now serves as deputy chairman of Russia’s Security Council.

“Our economy will, of course, survive, and the rout of the Banderite regime will continue. Strikes against objects in the so-called Ukraine, including Kiev, will be carried out with increasing force,” he wrote on Telegram. Moscow should politically steer away from the EU and distance itself from the bloc, he added. Brussels’ new sanctions bar all transactions with 22 additional banks, as well as with the Russian Direct Investment Fund. The package also imposes a ban on utilizing the Nord Stream gas pipelines, which were mostly disabled by sabotage in 2022 and have remained unused since.

The ban also bars the provision of goods and services for the pipeline, “thus preventing the completion, maintenance, operation and any future use” of the gas infrastructure, the European Council said in a statement on Friday. Additionally, the new restrictions add a further 105 ships to a blacklist of what Brussels calls the “shadow fleet” engaged in transporting Russian crude and bypassing the bloc’s “price cap” on Moscow’s oil exports. The sanctions lower the price ceiling and add a mechanism for adjusting to future changes in market conditions. Russia has “built up a certain immunity” to sanctions and “adapted to life” under them, Kremlin spokesman Dmitry Peskov told journalists on Friday, commenting on the EU decision.

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Guess they don’t mind looking stupid.

EU Reveals 18th Sanctions Package Against Moscow (RT)

The EU has managed to approve its 18th sanctions package against Russia over the Ukraine conflict, targeting Moscow’s energy and banking sectors, the bloc’s foreign policy chief Kaja Kallas has said. The Kremlin has decried the unilateral restrictions by Brussels as “illegal.” A previous attempt to greenlight the package, which requires the approval of all 27 member states, failed earlier this week due to opposition from Slovakia. However, Bratislava said on Thursday that it would be “counterproductive” to block the sanctions further, after it received guarantees from the European Commission regarding the availability of gas and oil. Following the meeting of EU ambassadors in Brussels on Friday, Kallas wrote in a post on X that the bloc “just approved one of its strongest sanctions packages against Russia to date.”

According to Kallas, the bloc will maintain economic pressure on Moscow until the Ukraine conflict is settled. Russia has on numerous occasions expressed its readiness to explore a diplomatic solution with Kiev, but insists that it should be legally binding and address the root causes of the crisis. Kremlin spokesman Dmitry Peskov noted later on Friday that Moscow “repeatedly said that we consider such unilateral restrictions to be illegal. We oppose them.” Russia has already obtained “a certain immunity” and adapted to functioning under the sanctions, he stressed. Peskov also pointed out that the economic curbs are a “double-edged sword,” which creates “a negative effect” not only for Moscow, but also for the state which impose them.

The new sanctions ban transactions with 22 Russian banks and the Russian Direct Investment Fund (RDIF), and forbids the use of the Nord Stream gas pipelines, which were crippled by underwater blasts in 2022 and remain inoperable, diplomatic sources have told Euronews. The measures also upgrade the EU price cap on Russian crude oil, fixed at $60 per barrel, replacing it with a dynamic mechanism that remains 15% lower than the average market price, according to the sources. In addition, the curbs add another 105 vessels to a blacklist of what Brussels calls the “shadow fleet” involved in transporting Russian oil, bypassing the bloc’s restrictions, they said. This puts the overall number of tanker ships denied access to EU ports and service at over 400.

Since the escalation of the Ukraine conflict, Russia has redirected its energy sales to Asia, with China and India being the main buyers. Some member countries, including Hungary and Slovakia, have been critical of the EU sanctions against Russia, saying that they harm the bloc’s economy, while being unable to stop the fighting between Moscow and Kiev.

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“Last year, despite all the sanctions pressure, Russia’s GDP grew by 4.3%, versus a 0.7% growth rate in the Eurozone..”

Putin Aide Gives Verdict On New EU Sanctions (RT)

EU sanctions on Russia are far more damaging to the bloc’s member states than they are to Moscow, presidential investment envoy Kirill Dmitriev said on Telegram on Friday. Brussels announced the adoption of its 18th package of sanctions against Russia earlier in the day, targeting the country’s hydrocarbon exports and banking sector. One of the financial institutions sanctioned was the Russian Direct Investment Fund (RDIF), of which Dmitriev is the CEO. According to the presidential envoy, European Commission President Ursula von der Leyen pushed for sanctions on the fund because the RDIF “facilitates the settlement of the Ukrainian conflict, promotes dialogue between Russia and the United States, and invests in the growth of the Russian economy.”

The EU elite is afraid of peace and continues to remain captive to hostile narratives, destroying the economy of the entire EU with its own hands.The economic restrictions are destructive to bloc member states, depriving them of stable energy supplies and access to the Russian market, Dmitriev argued. “Last year, despite all the sanctions pressure, Russia’s GDP grew by 4.3%, versus a 0.7% growth rate in the Eurozone,” he said. The RDIF calls for “unwinding the sanctions spiral,” Dmitriev said. He argued that, despite the imposition of more than 30,000 sanctions against Russia, the measures have failed to force Moscow into acting “in opposition to Russian national interests.”

Kremlin spokesman Dmitry Peskov said on Friday that Moscow has developed “a certain immunity” to the Western sanctions. According to Russian President Vladimir Putin, such unilateral economic restrictions harm the economies of the very states that turn to them. “The more sanctions are imposed, the greater the damage to the imposers,” at the Eurasian Economic Union summit in Minsk last month.

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“This budget would destroy the European Union. I don’t think this budget will even survive next year..”

Brussels Budget Plan Could Destroy EU – Orban (RT)

Hungarian Prime Minister Viktor Orban has sharply criticized the European Union’s proposed seven-year budget, claiming its primary objective is to facilitate Ukraine’s accession and warning that it could spell disaster for the bloc. Orban, a frequent critic of the EU leadership, blasted the draft Multiannual Financial Framework for 2028-2034, which was unveiled earlier this week by the European Commission, during an interview with Kossuth Radio on Friday. “This budget would destroy the European Union. I don’t think this budget will even survive next year,” Orban said. He predicted that the EU’s executive would either have to withdraw the proposal or make significant revisions before national governments would consider approving it.

The Hungarian leader accused the commission of proposing reckless cuts, particularly in agricultural subsidies, likening the approach to an unskilled surgeon who fatally injures a patient during a botched procedure. Orban reiterated his long-standing claim that Brussels is advancing foreign policy goals – namely, integration of Ukraine – at the expense of EU citizens. “This budget has only one obvious purpose, and that is to admit Ukraine to the European Union,” he said, citing financial analysts who estimate that as much as 25% of the funds could be directed toward benefiting Kiev in various forms.

The Hungarian leader said he did not expect Ukraine to qualify for EU membership anytime soon, adding that officials in Brussels are presenting Kiev as “already overripe” for entry. He cautioned that once Ukraine were admitted, the decision would be virtually irreversible regardless of future consequences. The European Commission has defended the proposed €2 trillion ($2.33 trillion) budget, saying it would increase flexibility, reduce bureaucracy, and boost economic competitiveness. Orban, however, dismissed it as a “budget of hopelessness,” better suited for a bloc “preparing for stagnation and merely trying to avoid disintegration.”

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Talking about the EU…

France a ‘Fiscal Time Bomb’ For EU – Bloomberg (RT)

France’s efforts to tackle its growing deficit have reignited concerns about EU stability, with financial markets bracing for the fallout, Bloomberg has reported, citing ING Groep NV strategists. The euro dropped to a one-month low this week, driven by tensions over French Prime Minister Francois Bayrou’s massive deficit-cutting plan. His proposals, including slashing public sector jobs and curbing welfare spending, could fuel debate in France’s minority government and undermine investor confidence, the strategists warned. In a note seen by Bloomberg, currency strategist Francesco Pesole warned on Wednesday that while the euro’s decline was largely dollar-driven, it was also due to political and fiscal challenges in France.

“The French deficit story has been very much in the background as of late, but [Tuesday] probably served as a reminder that it is a ticking bomb for EU sentiment,” Pesole wrote, adding “We could start seeing some FX spillovers in the coming months.” Bayrou’s €43.8 billion ($50.9 billion) plan targets a deficit that reached 5.8% of GDP last year – double the EU’s 3% limit. He warned on Tuesday that excessive debt posed a “mortal danger” and proposed scrapping public holidays to boost productivity and freezing pensions. The proposals have faced backlash, with left-wing parties accusing the government of prioritizing military spending over social welfare. Jean-Luc Melenchon, leader of La France Insoumise, called for Bayrou’s resignation, saying “these injustices cannot be tolerated any longer.”

France’s military budget is slated to rise to €64 billion in 2027, double what the country spent in 2017. President Emmanuel Macron has announced an additional €6.5 billion in funding over the next two years, citing heightened threats to European security. A new defense review released this month warned of a potential “major war” in Europe by 2030, listing Moscow among the top threats. The Kremlin has dismissed claims it is planning to attack the West, accusing NATO of using Russia as a pretext for military expansion. Bayrou, who has survived eight no-confidence motions, must secure parliamentary backing for his proposals before presenting the full budget in October. The right-wing National Rally party has opposed the cuts and called for another vote on his government.

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Quite a few have woken up.

Freedom Caucus Attempts to Block Central Bank Digital Currency (Caldwell)

After slowing down the Republican leadership’s attempt to advance a bundle of cryptocurrency market reform bills, the conservative House Freedom Caucus and its allies appear to have secured a promise to prohibit the Federal Reserve from issuing a digital U.S. dollar. Caucus members contend that’s a victory for Americans’ freedoms. The deal allowed for House Republicans to advance three important pieces of cryptocurrency legislation and stick to a sufficient timeline for passing a rescissions bill defunding public broadcasting and foreign aid facing a Friday deadline. “This is a significant win for the American people as a government-controlled digital currency poses a direct threat to financial privacy and economic freedom,” House Freedom Caucus Chairman Andy Harris, R-Md., wrote on the social media platform X on Wednesday night after securing an agreement with House leadership to put anti-central bank digital currency provisions in the annual defense authorization bill.

“By securing these protections, we will be taking a critical step to stop government overreach and to preserve individual liberty,” he added. But the agreement came only after a multiday slog of negotiations on Capitol Hill. On Tuesday, House GOP leadership brought a rule to the House floor to advance three cryptocurrency bills: the GENIUS, CLARITY, and Anti-CBDC Surveillance acts. The rule ultimately failed. The GENIUS and CLARITY acts resolve questions about the regulatory framework surrounding cryptocurrency, which has long been messy and decentralized, with a number of regulators navigating vague boundaries. But Freedom Caucus members and their allies expressed concerns that Congress might pass these first two acts, but neglect to advance safeguards against central bank digital currency.

Rep. Chip Roy, R-Texas, explained Wednesday that he and his conservative cohort view a government digital currency as a threat to liberty and privacy. “We believe a line in the sand is that we’ve got to have an emphatic statement from the government of the United States that the government is not going to be tracking your money to prevent you from being able to buy guns … to buy gasoline, if they want to go to all [electric vehicles],” he said. “To prevent you from being able to live your life freely and be able to monitor your transactions like the Chinese Communist Party. We don’t do that here. This is a country that’s supposed to embrace freedom,” Roy said. The vote on the rule to advance the three crypto bills failed 196-223 on Tuesday when 13 Republicans joined Democrats in opposition, demanding that leadership embed anti-CBDC provisions into one of the other pieces of cryptocurrency legislation.

President Donald Trump met with the GOP holdouts at the White House on Tuesday night and shortly afterward announced he had come to a deal with the members, who “all agreed to vote tomorrow morning in favor of the rule.” The next day, Harris said, they had found a deal with the White House to insert anti-CBDC provisions into the CLARITY Act. “Under this agreement, the Rules Committee will reconvene later [Wednesday] to add clear, strong anti–central bank digital currency (CBDC) provisions to the CLARITY legislation,” he wrote. But the agreement ran into some headwinds quickly when the House Rules Committee canceled its planned 4 p.m. meeting. “There was some sort of an agreement that doesn’t appear to exist anymore, and that’s all I got to say,” said Roy.

Punchbowl News reported that much of this gridlock was due to worries from Chairman French Hill, R-Ark., of the Financial Services Committee and Chairman Glenn Thompson, R-Pa., of the Agriculture Committee, since adding anti-CBDC provisions might make passing the CLARITY Act more difficult. “I think those discussions actually continue,” Hill said Wednesday of Trump’s negotiations with holdouts. The Wednesday vote ended up being the longest recorded vote in the history of the House of Representatives, breaking a record that was set earlier this month when leadership advanced the budget reconciliation measure known as the “Big, Beautiful Bill.” The gridlock was ultimately resolved late in the night when leadership came up with a final compromise—inserting anti-CBDC provisions into the annual National Defense Authorization Act.

This compromise yielded the votes to advance the three cryptocurrency bills. The rule passed 217-212 after being held open for more than nine hours. “House Freedom Caucus Members reached an agreement tonight to advance the president’s cryptocurrency agenda and, as part of this agreement, the National Defense Authorization Act (NDAA) will include strong anti–Central Bank Digital Currency (CBDC) protections in this must-pass legislation,” Harris wrote Wednesday night. He added, “This is exactly why the House Freedom Caucus fights—‘Freedom‘ is our middle name—and we will continue to fight to protect the rights of Americans every day.” House Majority Whip Tom Emmer, R-Minn., who created the anti-CBDC bill, also applauded integrating the CBDC legislation into the defense authorization bill.

https://twitter.com/bennyjohnson/status/1945941691313144182

“Even Republicans years ago were saying ‘Oh, we’re falling behind the Chinese; they have the digital yuan.’ You know what they use that for? That is a surveillance tool,” he said Thursday. “That is completely against any American value that we know of, and we’ve got to prevent our central government from ever creating this surveillance tool here in the United States of America.” Rep. Tim Burchett, R-Tenn., who was a holdout throughout the process, spoke proudly of the deal. “We did what we set out to do. We went a little slower, and guess what—we got there a little faster,” he said shortly after the vote. “Big Brother loses once again.” Now, it will be up to Speaker of the House Mike Johnson, R-La., to hold the Senate’s feet to the fire to keep the anti-CBDC provisions in the NDAA. The GENIUS Act ultimately passed on a 308-122 vote Thursday. The CLARITY Act also passed, 294-134. The Anti-CBDC Surveillance Act passed by a much narrower 219-210 margin. GENIUS will now go to the president’s desk for final signature.

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“..Ghislaine’s attorneys, unless they are bought off or threatened, should have her out of prison tomorrow..”

Release Ghislaine Maxwell (Paul Craig Roberts)

Ghislaine has been convicted for being an accessory to Epstein’s sex-trafficking of underaged kids. But we now have it from President Trump and the Attorney General of the United States that there is no Epstein client list that provides proof that Epstein was engaged in sex-trafficking for “at least a decade” as the BBC claims. Did Epstein keep all his clients, dates, times, and partners in his head? If there is no client list and nothing in the Epstein file, how were Epstein and Ghislaine convicted? Where is the evidence? As officially there is no evidence, Ghislaine’s attorneys, unless they are bought off or threatened, should have her out of prison tomorrow. Trump and Bondi obviously did not realize the consequences of denying the undeniable. Their denial has not disposed of the problem but has elevated it.

But what if there was no sex-trafficking? What if Epstein’s operation was a honey pot entrapment of American elites? Epstein did not need to make money sex-trafficking underage kids. He was well endowed by Mossad. Epstein’s job was to provide blackmail information that Israel could use to force the foreign policy of the United States to conform with the foreign policy of Israel. He succeeded. The American Establishment, those on the client list, called on Trump as did Netanyahu. Unless you are insouciant, you have noticed that Netanyahu rushed to the White House for the third time in six months, allegedly to discuss the Iranian threat. But there was no news conference. There has been no reporting of what was discussed. Such an important meeting, and no reportable results.

My take is that Netanyahu appeared in order to add Israel’s heavy weight to that of the ruling American Establishment that release of Epstein information is a no-no. If the Epstein files are released, then all the years of work, expense, and effort put into collecting blackmail capability over the American ruling class is wasted. Once the files are released and the information is pubic, Israel’s blackmail information is useless. Moreover, it becomes public knowledge that Israel was blackmailing the American elite to serve Israel’s, not America’s interest. The American Establishment cannot afford to have itself discredited, and Mossad cannot afford to have its blackmail information over the ruling American Establishment made worthless by its public exposure. That, dear reader, is the story of the Epstein Saga.

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“Today, every AI developer is one bad headline away from a class action lawsuit..”

American AI Could Die in Court Before It Ever Takes Off (Rotella)

“Uh oh—have you guys completed your income tax? Things kind of happened real fast down there, and I need an extension.”—Apollo 13 astronaut Jack Swigert. Even in space, Americans worry about taxes. That’s not a screenwriter’s joke. Hours before Apollo 13 almost ended in disaster, astronaut Jack Swigert, called in as a last-minute replacement, wasn’t worried about launch. He was worried about filing his taxes. Only in America could bureaucracy follow you into orbit. That story says everything about our national identity. We cherish the rule of law. We believe in due process. But in the race to lead in artificial intelligence, it’s becoming clear: The very systems we treasure may be the ones slowing us down.

The 2 Biggest Threats to US Artificial Intelligence Leadership. Right now, America is out front in both generative AI (which predicts content) and agentic AI (which makes autonomous decisions). But two very American forces are putting that lead at risk:

(1) A regulatory Rubik’s Cube. Congress recently passed the One Big Beautiful Bill Act to jumpstart AI innovation. But it stripped out a crucial provision: a 10-year moratorium on conflicting state-level AI laws. Now, companies face 50 different interpretations of what AI is allowed to do. Some states require bias audits. Others impose disclosure mandates. A tool that’s legal in Florida could get fined in California. Even top-tier compliance lawyers can’t map it all out fast enough. Because AI models cross state lines the moment they’re deployed, this isn’t just inefficient, it’s paralyzing.

(2) A litigation gold rush. Trial lawyers have found their next deep-pocketed target: AI. I say this as someone who used to be one of them and now defends companies against the legal risks of AI deployment. Lawsuits are already moving. The most prominent? A federal case against UnitedHealthcare, accusing the company of using AI to deny long-term care without sufficient human oversight. And that’s only the beginning. The playbook is already forming.

Here are the claims AI developers are now defending against:
• Product liability for algorithmic defects.
• Failure to warn about tool misuse.
• Discrimination based on automated decisions.
• Negligence for not keeping a “human in the loop.”

In America, you don’t have to prove intent. Just tie the harm to an AI tool and let a jury decide. Today, every AI developer is one bad headline away from a class action lawsuit. Let’s be clear: Our legal system is the envy of the world. But when lawsuits are filed before laws are even written, we aren’t protecting consumers, we’re punishing innovators for playing on a field without any lines drawn. Let me be crystal clear: We do not want China’s system. We don’t want central planning. We don’t want censorship. And we don’t want a government-controlled tech industry. But it would be naive to pretend China faces the same friction.

Yes, they have courts. But they don’t have:
• Billboards from class action lawyers.
• Contingency-fee lawsuits built around algorithmic outcomes.
• Juries “sending a message” to tech companies with punitive damages.
• Their developers don’t plan around litigation. Ours have to.

While companies like Nvidia plead to sell advanced chips to China after the H20 export ban was lifted, Beijing isn’t waiting around. It’s racing ahead, deploying AI in defense, logistics, and manufacturing without lawsuits, regulators, or legal second-guessing. We don’t envy China. But we must acknowledge that its AI teams aren’t operating with a target on their back. We’ve been here before. In 1996, Congress passed Section 230 of the Communications Decency Act, shielding internet platforms from liability for user-generated content. That one provision allowed Amazon, YouTube, and countless others to thrive. We need an AI-specific shield now, a legal safe harbor that ensures developers aren’t liable for what users do with their tools, unless there’s fraud or criminal intent. Without it, legal departments will keep killing products before they launch.

Congress must also revisit a national moratorium on conflicting state AI laws. National consistency doesn’t mean more bureaucracy. It means sane, scalable innovation. This is our Apollo 13 moment. We have the best technology. We have the best talent. We have an entrepreneurial fire. But we’re losing altitude because the systems designed to protect us are choking progress. Let’s not become the bureaucracy we escaped to get to the moon. Let’s be the country that answered Apollo 13’s “Houston, we have a problem” and brought our tax-conscious astronauts safely back home. Let’s fix this the American way with clear rules, real urgency, and freedom that actually works.

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If you let a machine do all your thinking, you will lose the ability.

Artificial Intelligence Breeds Mindless Inhumanity (RCW)

I began studying AI in the mid-1980s. Unusually for a computer scientist of that era, my interest was entirely in information, not in machines. I became obsessed with understanding what it meant to live during the transition from the late Industrial Age to the early Information Age. What I learned is that computers fundamentally alter the economics of information. We now have inexpensive access to more information, and to higher quality information, than ever before. In theory, that should help individuals reach better decisions, organizations devise improved strategies, and governments craft superior policies. But that’s just a theory. Does it? The answer is “sometimes.” Unfortunately, the “sometimes not” part of the equation is now poised to unleash devastating consequences.

Consider the altered economics of information: Scarcity creates value. That’s been true in all times, in all cultures, and for all resources. If there’s not enough of a resource to meet demand, its value increases. If demand is met and a surplus remains, value plummets. Historically, information was scarce. Spies, lawyers, doctors, priests, scientists, scholars, accountants, teachers, and others spent years acquiring knowledge, then commanded a premium for their services. Today, information is overabundant. No one need know anything because the trusty phones that never leave our sides can answer any question that might come our way. Why waste your time learning, studying, or internalizing information when you can just look it up on demand?

Having spent the past couple of years working in higher education reform and in conversation with college students, I’ve come to appreciate the power—and the danger—of this question. Today’s students have weaker general backgrounds than we’ve seen for many generations because when information ceased being scarce, it lost all value. It’s important to recall how recently this phenomenon began. In 2011, an estimated one-third of Americans, and one-quarter of American teenagers, had smartphones. From there, adoption among the young grew faster than among the general population. Current estimates are that over 90 percent of Americans, and over 95 percent of teenagers, have smartphone access. Even rules limiting classroom use cannot overcome the cultural shift.

Few of today’s college students or recent grads have ever operated without the ability to scout ahead or query a device for information on an as-needed basis. There’s thus no reason for them to have ever developed the discipline or the practices that form the basis for learning. The deeper problem, however, is that while instant lookup may work well for facts, it’s deadly for comprehension and worse for moral thinking. A quick lookup can list every battle of WWII, along with casualty statistics and outcome. It cannot reveal the strategic or ethical deliberations driving the belligerents as they entered that battle. Nor can it explain why Churchill fought for the side of good while Hitler fought for the side of evil—a question that our most popular interviewers and podcasters have recently brought to prominence.

At least, lookup couldn’t provide such answers until recently. New AI systems—still less than three years old—are rushing to fill that gap. They already offer explanations and projections, at times including the motives underlying given decisions. They are beginning to push into moral judgments. Of course, like all search and pattern-matching tools, these systems can only extrapolate from what they find. They thus tend to magnify whatever is popular. They’re also easy prey for some of the most basic cognitive biases. They tend to overweight the recent, the easily available, the widely repeated, and anything that confirms pre-conceived models. The recent reports of Grok regurgitating crude antisemitic stereotypes and slogans illustrate the technological half of the problem.

The shocking wave of terror-supporting actions wracking college campuses and drawing recent grads in many of our cities illustrate the human half. The abundance of information has destroyed its value. Because information—facts and data—are the building blocks upon which all understanding must rest, we’ve raised a generation incapable of deep understanding. Because complex moral judgments build upon comprehension, young Americans are also shorn of basic morality We are rapidly entering a world in which widespread access to voluminous information is producing worse—not better—decisions and actions at all levels. We have outsourced knowledge, comprehension, and judgment to sterile devices easily biased to magnify popular opinion. We have bred a generation of exquisitely credentialed, deeply immoral, anti-intellectuals on the brink of entering leadership.

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https://twitter.com/Kimberl59898021/status/1946007846857871636

https://twitter.com/buitengebieden/status/1945944408462893332
https://twitter.com/buitengebieden/status/1946104683568705589

 

 

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Home Forums Debt Rattle July 19 2025

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  • #192373

    If I admit that there are upper echelons of governments that I have no control over, and that these echelons deal with each other on secret channels, then I have to see that demands for “transparency” and exposed “truths” are political tactics.
    I am the dog and geopolitical truth is the car: I’m not sure what to do with it when I get it.

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