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Debt Rattle June 21 2026

Jun 212026
 
 June 21, 2026  Posted by at 10:14 am Finance Tagged with: , , , , , , , ,  Add comments


Vincent van Gogh Self portrait with pipe 1886


• Vance ‘Skeptical’ That Iran Closed Hormuz Strait Again (ZH)
• UK Prime Minister Keir Starmer Expected To Resign On Monday (ZH)
• New Air Force One Turns the Presidency Back Into a Statement (David Manney)
• Biden Admin Buried Whistleblower Report Alleging Fauci Lied To Congress (JTN)
• President Trump Notes Opposition Effort to Destroy DC Reflection Pool (CTH)
• The Left is Trying to Sabotage the Reflecting Pool (Margolis)
• Trump -v- Meloni (CTH)
• Moderate Expectations of Acting DNI Bill Pulte (CTH)
• Trump: Ukraine War Would Never Have Started If Russia Remained In G8 (ZH)
• Zelensky Threatens To Attack Belarus (RT)
• The Nord Stream Narrative Explosion: Why You’ve Only Read Half The Story (RT)
• Elon Musk vs. the Democrats: Outcomes vs. Process (Soukup)
• Is the iPhone Birth Control? (AmG)

 


 

 


 


Merry solstice!

One way to deal with Iran: Just ignore their statemennts.

“Pentagon Declares Safe Passage Remains ‘Intact Today’

• Vance ‘Skeptical’ That Iran Closed Hormuz Strait Again (ZH)

Vice President JD Vance has newly told Fox News that he’s ‘skeptical’ of the morning reports and claims that the Iranians once again ‘closed’ the Strait of Hormuz.


US Central Command is also trying to portray that all is well. It issued this statement after the Iranians announced it closed the vital oil transit waterway: Commercial ship traffic in the Strait of Hormuz increased June 20 as U.S. forces continued operating in the general area to support freedom of navigation. Safe passage through the international waterway remained intact today as 55 merchant ships transited, moving large amounts of cargo and more than 17 million barrels of oil to global markets.

The Joint Maritime Information Center issued an advisory this week affirming safe passage for all vessels along a designated route that is free of arbitrary requirement claims or impediments. The Pentagon says it is remaining vigilant with regional forces on high alert. Overall, it seems the White House is keep to at least see its delegation get in the same room with the Iranians in Switzerland. This will certainly be a real start in terms of face-to-face engagement, after the MoU was remotely signed by each side.

Iran says Hormuz Strait Closed Again
As has become the ‘norm’ after well over 100 days of war – which some pundits have been calling the “third Gulf war” – there are deeply conflicting headlines emerging Saturday. On the one hand, diplomacy based in Switzerland is said to be in motion, with a potential top level Trump delegation (led by Witkoff and to be joined later by Kushner reportedly/allegedly) – but fighting between Israel and Hezbollah in south Lebanon still rages, with the death toll climbing, and also with Hezbollah rockets still landing against IDF positions as well as in northern Israel.

Will the US and Iranian sides actually meet in Europe for the ‘technical’ side of further talks toward final peace? Saturday has seen reports of Iran having again ‘closed’ the Strait of Hormuz, citing Israeli aggression in Lebanon, after Tehran has insisted that the tenuous freshly signed MoU included a Lebanon ceasefire and peace. The latest newswires out of Iranian state media:

IRAN SAYS HORMUZ TO CLOSE, CITING CEASEFIRE VIOLATION: TASNIM
IRAN SAYS STRAIT OF HORMUZ HAS BEEN CLOSED: TASNIM
IRAN’S IRGC NAVY SAYS HORMUZ STRAIT CLOSED TO ALL VESSELS: FARS
*VESSELS WARNED TO AVOID STRAIT OF HORMUZ OVER SECURITY: FARS

VP Vance Expected in Switzerland, But He’s Ambiguous in FOX Appearance

And yet, some of the same state sources have been saying that an Iranian delegation will travel to Switzerland where it will seek to hold Washington to its commitments. “In Switzerland, we intend to press for the fulfilment of the other side’s commitments and clarify how they plan to act on their obligations,” the Iranian Foreign Ministry spokesperson said, according to Fars, also as cited in Al Jazeera. Per the same report Saturday mid-morning (US time): “The delegation will leave for Switzerland in a few minutes, Mehr news agency also reported. The spokesperson also said that if the US refuses to implement its commitments, Iran will respond with necessary measures.” Vance non-committal in Saturday FOX interview:

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The UK is very close to being ungovernable. These guys are all so unpopular. Just 2 years ago, Rishi Sunak had to go.

• UK Prime Minister Keir Starmer Expected To Resign On Monday (ZH)

Keir Starmer’s premiership appears to have entered its final act. Just over a week after Andy Burnham stormed back into Parliament with a crushing by-election win, the Prime Minister is – according to senior Labour figures cited by The Observer – preparing to set out a timetable for his own departure, with a “clear statement” possible as early as Monday. It would be a remarkable collapse. Starmer led Labour to a landslide less than two years ago. He now looks unable to command the confidence of his own benches for much longer, with cabinet ministers, union leaders and donors reportedly among those who have been involved in the conversations about his future.


Burnham, the outgoing Greater Manchester mayor, did not just win Makerfield – he buried it. Official figures show him taking 24,927 votes, 54.8% of the total, beating Reform UK’s Rob Kenyon by a 9,231-vote margin in a seat where Nigel Farage’s party had been threatening to turn Labour’s crisis into a rout. The result gives Burnham the Commons seat he needs, clears his path to a leadership challenge, and leaves Starmer’s position looking terminal.

Also, Starmer’s former Chief of Staff – Morgan McSweeney – was the sacrificial lamb in the Mandelson scandal (recall that Starmer appointed Jeffery Epstein pal Peter Mandelson as the UK’s ambassador to the US). McSweeney also targeted Zerohedge, The Federalist and Breitbart in a clandestine campaign against alternative-media outlets. He resigned in February, two weeks before Mandelson was arrested on suspicion of passing insider info to Jeffrey Epstein in 2009, when he was serving as Business Secretary.

Markets Eye The Monday Open The political risk did not go unnoticed by bond traders. UK 10-year gilt yields climbed to 4.84% on Friday, up roughly 0.09 percentage points on the session, as markets weighed Burnham’s victory, domestic political uncertainty, and the possible fiscal implications of a future leadership bid. With markets shut over the weekend, the next read comes at Monday’s open, and any Starmer statement setting out an exit timetable will land straight into it.

Burnham is due to be sworn in as an MP on Monday and to meet Starmer early in the week, with a cabinet meeting scheduled for Tuesday. Senior Labour figures expect a “deliberate slow march in good order” – most likely a September handover timed to the party conference – rather than an immediate vacuum.

According to the report, Burnham’s supporters claim he has secured backing from more than 201 Labour MPs if Starmer refuses to step down voluntarily. The Observer framed that as a critical number because it would represent more than half the Parliamentary Labour party and would make it increasingly difficult for Starmer to argue that he still commands the confidence of his own side. A formal challenge requires far fewer names. Under Labour’s rules, any challenger needs nominations from 20% of Labour MPs – currently 81 – plus the required support from local parties and affiliates. On every count, the door is open.

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It turns Boeing into the past tense.

• New Air Force One Turns the Presidency Back Into a Statement (David Manney)

President Donald Trump stepped onto the tarmac at Joint Base Andrews and did what he often does best: he turned a government asset into a message. The new Air Force One, a converted Boeing 747-8 once owned by Qatar, is bigger, sharper, and painted in the red, white, and blue colors Trump has wanted for years.


It’s not just an airplane; for better or worse, it’s a flying argument about how Trump sees the presidency. The Air Force calls the jet a VC-25B Bridge aircraft that’s meant to serve while Boeing finishes the long-delayed replacement planes that were supposed to modernize presidential travel. From Newsmax: The new aircraft eschews the Kennedy-era robin’s egg blue exterior of the old plane for a bolder look, with the underbelly of the plane painted navy blue with a red stripe above it. The plane’s left side, where the president boards, features the presidential seal, while the tail of the aircraft has a massive American flag on it.

“The workmanship of this plane is, when you see it, you won’t believe it,” Trump said from inside the massive Andrews Air Force Base hangar, as a couple hundred assembled Air Force personnel looked on. He spoke after stepping off the new plane in a dramatic flourish, as his signature tune “God Bless the USA” played. The gift from Qatar is serving as a so-called “bridge” aircraft to carry the president until the new planes ordered directly from Boeing arrive. That is currently slated for 2028.

The administration formally accepted a luxury Boeing 747 jet from Qatar last year to be used as the presidential airplane, despite questions about the ethics and legality of accepting such an expensive gift from a foreign nation. Trump has insisted in the past that he would not fly around in the Qatari jet once he leaves office and said it would instead be donated to a future presidential library. The Air Force has said in the past that security modifications to the jet would cost less than $400 million.

Any U.S. Air Force aircraft carrying the president uses the call sign Air Force One, so the name belongs to the mission, not one specific plane. The old blue-and-white 747s remain part of the fleet, but the Qatari jet now gives Trump something Boeing hasn’t delivered on time: a visible upgrade. Also from Newsmax: Other government jets that carry other top administration officials will also use the similar red, white and navy color scheme, the Air Force said earlier this year.

An Air Force spokesperson, who spoke on condition of anonymity to discuss sensitive plans, told The Associated Press that the two current planes, known as VC-25As, will not be retiring. Instead, they will remain in the fleet until the new Boeing planes, referred to as VC-25Bs, come into service, the spokesperson said. It is unclear how the older jets will be used but the spokesperson said that both the Qatari jet as well as the VC-25As will be available for use and “the Presidential Airlift Group will select the appropriate aircraft for each mission based on operational requirements.”

The controversy was baked in from the start: the jet came from Qatar, and critics raised legal, ethical, and security questions as soon as the deal became public. A foreign government giving a luxury aircraft to the United States for presidential use is bound to draw fire. Trump’s answer has been typically blunt, framing the plane as a smart deal for taxpayers because America needed a bridge aircraft while Boeing dragged its feet. Security concerns deserve a real answer. Air Force One isn’t a campaign bus with wings; it’s a command post, a communications hub, and a symbol that must keep working during a crisis.

The Air Force says the aircraft completed modification and flight testing. The public doesn’t need every classified detail, but it does need confidence that a foreign-owned plane was scrubbed, rebuilt, and tested to the standard required for a president of the United States. Boeing’s failure hangs over the whole rollout. The company won the contract for the next presidential aircraft years ago, and the delivery date kept sliding. The Air Force now expects the first new VC-25B presidential aircraft around mid-2028. In normal Washington fashion, delay became background noise. Trump has a way of pulling that noise into the open and forcing everybody to look at it.

The new plane also breaks with a visual tradition older than many voters. The Kennedy-era blue had grace and carried history, but it also came from another age, when the presidency still tried to look above the fray. Trump has never believed that power should whisper; his Air Force One looks like a flag, a billboard, and a challenge all at once. Some will call it gaudy, others will call it overdue, but nobody will miss it in the sky. That’s the real political story. Trump understands that symbols work because people see them before they study them. A border wall, a Space Force uniform, a restored military parade, and a new presidential aircraft: all of it tells voters that national power should look like national power.

His critics recoil because they believe the performance cheapens the office. Those are the same people who also believed the Obama administration was the most scandal-free government in history, and that President Joe Biden was more energetic and sharper than people much younger working around him. Trump supporters cheer because they believe the old restraint often looked too much like surrender. Both sides have something to argue about here. The Qatar connection should be examined, the security work should be serious, and most importantly, Boeing should answer for years of delay.

But the larger point is simple enough: the presidency is never just paperwork, policy, and process. It’s also presence. Trump’s new Air Force One may be temporary, but the message isn’t. He wants America to look strong again, even when it’s sitting on a runway. After years of scolding, managed decline, and apologetic leadership, that message still lands with millions of people who want their country to stop acting embarrassed by its own power.

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Who’s going to go to jail?

• Biden Admin Buried Whistleblower Report Alleging Fauci Lied To Congress (JTN)

An intelligence community whistleblower formally accused Dr. Anthony Fauci of lying to Congress during the COVID-19 pandemic, but the Biden administration took the unusual step of yanking the complaint from the government’s independent watchdogs and referring it instead to the political appointee overseeing the Health and Human Services Department, bombshell memos released by departing Director of National Intelligence Tulsi Gabbard show.


The effort to divert the investigation of Fauci to then-HHS Secretary Xavier Becerra occurred shortly after the government’s top pandemic doctor engaged in a discussion with the CIA about evidence that workers at the Wuhan Institute of Virology (WIV) in China had been sickened in fall 2019, potentially explosive evidence that the virus emerged from a lab leak at the very facility where Fauci’s office was funding dangerous research on bat viruses, the memos show.

“On the 3 sick WIV researchers, Dr. Fauci said key gaps that need to be filled are 1) If they were sick, what does their medical records show; 2) Do we have blood culture of these sick researchers; and 3) Did we ask China about/for this information?” one summary of the June 2021 meeting at the CIA stated. Despite the evidence of a potential lab leak sickening workers, Fauci continued to double down on his claim that the COVID-19 virus had emerged naturally from a wet-market in the same areas as the lab. Fauci also continued to insist in congressional testimony that his office had not funded gain-of-function research at the Wuhan lab, a claim that an intelligence official believed was false and potentially prosecutable, the memos show.

Shortly after the June 2021 CIA meeting, the Office of the Director of National Intelligence received a whistleblower complaint formally alleging that Fauci testified falsely to Congress. “The complaint alleges Dr. Fauci provided false testimony to Congress related to the conduct of gain of function research at the National Institutes of Health, thereby ‘misleading the American people and Congressional oversight,’” Acting Intelligenve Community Inspector General Tamara Johnson wrote Aug. 11, 2021, to then-DNI Avril Haines.

Rather than refer the alleged lie to the independent watchdog at HHS, which was responsible for probing misconduct in Fauci’s office, Haines referred the concerns instead to Becerra, a Biden political appointee who is now running to be California governor.] Johnson also made clear she didn’t want to send the complaint to her peer at HHS, the inspector general. “The general dispute about ‘gain-of-function’ research is already in the public domain making it highly probable that the HHS-OIG would already be aware of the allegation that the Dr. Fauci’s testimony was inaccurate (albeit from a different source, not our ICWPA submitter). Consequently, we determined there would be no merit in referring the matter to HHS OIG,” she wrote.

Gabbard said the documents she released late Thursday in her final hours as DNI demonstrate that government officials, including Fauci, engaged in a cover-up to mislead the public about how the COVID-19 pandemic started. “The tactics used to hide the truth are straight from the deep state playbook: politicized self-serving leaders like Dr. Fauci covered up their own wrongdoing and abuses of power, manipulated intelligence, lied to Congress, and undermined a duly elected President by restricting his access to vital facts needed to keep the country safe,” Gabbard said, “It’s time the American people learn the real story.”

Fauci, who retired before President Donald Trump returned to the White House, has repeatedly denied in engaginfg in wrongdoing or lying to Congress. But he did accept a pardon from President Joe Biden in late 2024. Beyond the intelligence community whistleblower’s allegations, Gabbard said she too believed Fauci lied to Congress on another matter in 2024 when he claimed he had not talked to intelligence agencies about virus research.

“The correspondence released today directly contradicts Fauci’s 2024 testimony to the House Select Subcommittee on the Coronavirus Pandemic,” her statement said. “In that hearing, while under oath, Fauci was repeatedly asked whether he spoke to ‘FBI, CIA, DIA or any U.S. intelligence agency concerning viral research’ before, during, or after the pandemic. Fauci repeatedly dodged the questions, before falsely stating, ‘not to my knowledge about COVID.'” Two GOP senators — Rand Paul and Ron Johnson — told Just the News this week they believe the Trump DOJ should challenge the legality of Fauci’s pardon — which was signed by an autopen — and try to prosecutor Fauci.

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Is it Reflecting Pool or Reflection Pool?

• President Trump Notes Opposition Effort to Destroy DC Reflection Pool (CTH)

Team Algae and Filth has been busy at work, supported by CNN, ABC and various leftist media, in an attempt to grow algae back in the DC reflection pool, and cut out the newly installed lining. A few arrests have been made by DC park police. Yes, these folks are that unstable. Liberalism is a mental disorder.


President Trump responds to the effort via Truth Social:
“We’ve cleaned, renovated, and beautified over 45 Monuments and Memorials, 28 Statues, and 22 Fountains in Washington, D.C. Things are really looking good in our Nation’s Capital, and add to that the fact that when I became President, Crime was rampant, and now, Washington, D.C., is one of the Safest Cities anywhere in the United States. However, we’ve had some real problems with Vandalism at the beautiful Reflecting Pool, which sits between The Washington Monument and The Lincoln Memorial.

Just like three days ago, they destroyed the grass outside of the Pool, they’ve also done everything possible to hurt the inside surface that was just installed. No different than the chemicals that were used on the National Mall, they used something similar in the Reflecting Pool to try to destroy and demean our beautiful work. Lightweight ABC Reporter, Jonathan Karl, was seen sticking his hand into the Pool, and trying to rip the rubber off of the surface. The algae is 75% gone, and the condition will soon be completely remedied, and the area that was vandalized, fortunately, is just a small area of damage, and will be fixed early next week. It’s a shame that the Radical Left Lunatics, most likely Dumocats, who have spent their lives trying to ruin our Country, are free to do so. Law Enforcement is actively investigating this situation and will hopefully have it resolved soon. Thank you for your attention to this matter!”

~ DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA

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Leave it alone!

• The Left is Trying to Sabotage the Reflecting Pool (Margolis)

The Lincoln Memorial reflecting pool has become the latest target in the left’s war on anything Donald Trump touches, and the radical left isn’t even trying to hide it anymore. According to reports circulating on social media, the National Guard and Park Police have ramped up patrols around the reflecting pool amid threats from leftists vowing to sabotage the recently renovated landmark. Independent journalist Nick Sortor sounded the alarm on the brazen plot. “American workers are pushing around the clock to finish the pool by July 4, but liberals have a vested interest in destroying it for some reason,” Sortor wrote.


We all know the reason: Trump Derangement Syndrome. It’s truly a shame how badly these people want to humiliate our country on the world stage, and they’re not even subtle about it anymore. President Trump confirmed on Friday in a Truth Social post that vandals damaged the newly renovated pool, and he didn’t hold back. Trump pointed out that his administration has cleaned, renovated, and beautified more than 45 monuments and memorials, 28 statues, and 22 fountains in the nation’s capital, and that Washington, D.C., has gone from a crime-ridden disaster to one of the safest cities in the country on his watch.

“We’ve had some real problems with vandalism at the beautiful reflecting pool,” Trump wrote. “Just like three days ago, they destroyed the grass outside of the pool; they’ve also done everything possible to hurt the inside surface that was just installed.”Days before Trump’s birthday on June 14 and the UFC event held at the White House, someone carved “86 47” into the grass on the National Mall itself. The U.S. Park Police are reportedly investigating that incident too. Trump said the vandals used chemicals similar to those deployed elsewhere on the National Mall in an apparent effort to destroy and demean the freshly completed work.

He also called out ABC’s Jonathan Karl by name, saying the reporter was caught on camera sticking his hand into the pool and trying to tear off the sealant on the surface. Trump said the algae plaguing the pool is now 75% gone and that the damaged section, which he described as small, will be repaired early next week. “It’s a shame that the radical left lunatics, most likely Dumocrats, who have spent their lives trying to ruin our country, are free to do so,” Trump wrote, adding that law enforcement is actively investigating the situation. On Thursday, a video surfaced showing the phrase “86 47” painted on the bottom of the pool. It’s the latest entry in a disturbing pattern.

Think about that for a second. These people are so consumed by hatred for one man that they’re willing to deface national monuments, vandalize sacred public spaces, and scrawl assassination-coded slogans into the grass just to make a point. They don’t care about the country. They don’t care about the symbols that belong to all Americans, regardless of party. They hate Trump so much that they’ll destroy anything out of spite. This is who the left has become. Not protesters with grievances, but vandals with grudges, willing to wreck a national treasure rather than let Trump’s D.C. cleanup succeed. The investigations are ongoing, but the message from radical leftists is already loud and clear: if Trump built it, they want it destroyed.

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That photo does it for me.

• Trump -v- Meloni (CTH)

On the heels of the G7 in France, U.S. President Trump and Italian Prime Minister Georgia Meloni have been engaged in a geopolitical spat. The core of the issue centers on Italy’s refusal to allow the U.S. military to conduct flight operations for the conflict against Iran from U.S. airbases in Italy. President Trump, Vice-President Vance, Secretary of State Rubio and Secretary Hegseth have all remarked on their disappointment with Italy and Spain that has led to a full review of U.S. NATO operations in Europe.


The issue became personal at the G7 when President Trump ignored Meloni’s repeated attempts to repair the friction. President Trump was no longer tolerating the two-faced approach. Actions speak louder than words.



Understanding, a very specific image sensitivity Prime Minister Meloni carries, President Trump stated, “Italian Prime Minister Giorgia Meloni asked, over and over, for a picture with me during the G-7 meeting in France. She is doing poorly in Italy with her level of popularity, possibly because she turned down the United States of America, a Country that truly loves and protects Italy, when it came to denying Iran from obtaining or developing a Nuclear Weapon (But so did NATO, for that matter!). She wouldn’t even let us use Italy’s landing strips or runways, a great logistical inconvenience, and this despite the fact the U.S. contributes hundreds of Billions of Dollars a year to protect Italy, and other “so-called” NATO Allies. Now, after the United States defeated Iran militarily, she wants to be friends again in order to get her “numbers up.” No thanks!!!
~ President DJT

Meloni then hit back with: “these constant, unprovoked attacks are senseless. As for my popularity, being your friend certainly has not helped it, nor does it depend on my relationship with you. My popularity depends on my ability to defend Italy’s national interest, and that is exactly what I have always done,” Meloni said in a post on Instagram. She added that “in any case, my popularity is none of your concern. I suggest you focus on yours.”

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“The entire DC system is fully aware of the corrupt nature of the FBI as it functions.”

• Moderate Expectations of Acting DNI Bill Pulte (CTH)

A lot might be said, but little of it will be grounded in reality. Here’s a general outline that may provide context for the next few weeks. > First, contrary to popular opinion, leaks from inside the IC related to activity within the ODNI will likely come as an outcome from bad actors in the FBI and the attached liaison office. {EXAMPLE HERE} As you may or may not be aware, every intelligence community silo has a liaison attached to the office of the Director of National Intelligence. What that means is that every IC agency has a person(s) inside the ODNI that can then be the source of information within the larger parent silo. The most frequent leaking child from within the parent agency is the FBI liaison. Understand this reality and you begin to understand frustration around Kash Patel’s inability to control his agency.


Second, contrary to popular opinion, CIA Director John Ratcliffe will not be able to partner with Acting DNI Pulte in the same direct manner he was with fully confirmed DNI Tulsi Gabbard. Despite the ODNI technically sitting atop the CIA within the construct of the overall Intelligence Community, there are rules about information flows to non-confirmed “acting” positions. Deputy DNI Aaron Lukas will have more intelligence capabilities than Pulte.

CIA Director John Ratcliffe will likely not be the source of conversation about this standard, the information to Pulte will likely come from the DNI Legal Counsel Jack Dever, and/or Deputy CIA Director Michael Ellis who also carries the role of General Counsel for the Central Intelligence Agency.

When SSCI Vice-Chair Mark Warner says he is in communication with IC leadership about isolating Acting DNI Bill Pulte from national security information, he is likely outlining contact with the general counsel of the DNI or CIA, or with the Intelligence Community Inspector General’s office. That said, the National Security Advisor, Marco Rubio, could mitigate some of that isolation by requesting IC information Pulte may desire to review.

Regarding ‘declassification’ authority. CTH is not sure what power an Acting position as DNI carries as it relates to independent cross-silo declassification authority. However, information presented to the President can be declassified by the President. The key is to get the silo stakeholder to approve the release, then take to the Office of the President for approved public release pending stakeholder redactions. That is the basic outline of limitations that could become pertinent. However, the Acting DNI can do something very valuable. The ADNI can ‘manage’ the office and how it operates. Pulte can make staffing decisions as well as curb the issues within the liaison offices.

I somewhat predict that Pulte could find the problem with FBI leaking; he could even do something about it – with presidential support. Unfortunately, this would put Pulte on a collision course with FBI Director Kash Patel. It’s an issue that needs to be dealt with, but the timing is not good considering the looming midterm election. A more likely scenario is Kash Patel’s unchecked deep state FBI analysts/agents will be managed without Patel’s direct involvement. Essentially, none of the ‘good guys’, and there ain’t that many ‘good guys’, have any trust in the FBI silo.

The entire DC system is fully aware of the corrupt nature of the FBI as it functions. The ‘establishment’, including Mark Warner and Tom Cotton, is favorable to the FBI. Meanwhile, the ‘reformers’, and I suspect that might include HPSCI Chairman Rick Crawford, are not. The larger IC elements will watch this play out, dropping their thumbs on the narrative (via selected leaking) as it pertains to their individual interests. There’s a reason why scrutiny against Patel has lessened from within the DC mechanisms.

Ironically, all the negative information against Pulte will almost certainly come from the FBI, it will just be positioned as if it comes from another silo. Watch carefully and we just might catch them in real time Ultimately, all of the bad actors within the IC (both branches of government) want “702” reauthorized, so this does create a subject that can be leveraged for actionable value to the office of the President. All of that said, Pulte remains an unknown entity within the larger IC system, and his motives and intentions are generally also unknown. It will be interesting to watch things unfold, and to see exactly who is willing to surface as an ally.

Yeah, that!

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He needs to address the nazi issue.

• Trump: Ukraine War Would Never Have Started If Russia Remained In G8 (ZH)

This isn’t the first time that President Trump has said something like this, but he’s newly explained in a wide-ranging fresh interview with Axios published Friday his view that the ongoing war between Russia and Ukraine likely would likely have been averted if Russia had remained a member of the then-Group of Eight (G8). “You probably wouldn’t have the war with Russia and Ukraine if they did,” Trump told the publication, referring to the decision to expel Moscow, making the group the G7.


The forum “would have been much better” had it maintained its original structure, with Russia included. He laid ultimate blame in the fresh remarks on former President Barack Obama. It was during the Obama administration, in 2014, that Washington pushed allies to expel Russia from the group of leading economies over its takeover of Crimea through a ‘popular referendum’. Trump this week attended G7 Summit held in Evian-les-Bains, France. “They should have kept the G8. You probably wouldn’t have the war with Russia and Ukraine if they did, but Obama didn’t want Putin there,” Trump said.

“It used to be the G8. (It) would have been much better if they kept that that way,” he added. Again, this is not the first time he’s articulated this view: Trump has expressed this position before — in June 2025, he made a similar statement, blaming Obama and former Canadian Prime Minister Trudeau for Russia’s exclusion from the G8. He’s long attacked Biden and the Democrats for setting the conditions for the war to start. But beginning a year ago he also started basically blaming everyone – from Zelensky to Putin to Biden.

“That’s a war that should have never been allowed to start and Biden could have stopped it and Zelensky could have stopped it and Putin should have never started it,” Trump said last year. “Everybody is to blame.” nTrump added at the time: “If Biden were competent and if Zelensky were competent, and I don’t know that he is, we had a rough session with this guy — he just kept asking for more and more.” As for Putin, he has seemed to welcome this repeat rhetoric from Trump stating that Russia should belong to the G7/G8. Without doubt, Moscow would welcome an invitation back in.Among Russia’s conditions for final peace settlement in Ukraine, a prospect which still seems a long way off, would be the lifting of US and EU sanctions, and readmittance to the global economy.

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The ungovernable UK pushes war elsewhere.

• Zelensky Threatens To Attack Belarus (RT)

Ukraine’s Vladimir Zelensky has issued an ultimatum to Belarusian President Alexander Lukashenko, threatening him with military action if Belarus fails to dismantle the air defense radar array along its southern border, just days after a deadly Ukrainian drone strike on a bus carrying a children’s soccer team from the country. Earlier this week, Lukashenko said that those seeking to drag his nation into the conflict “will have to pay dearly for that,” demanding answers from Kiev regarding the strike on the bus and other “provocations.” The attack in Russia’s Bryansk Region left six children injured and killed the wife of a Belarusian school soccer team coach who was accompanying the young athletes to a Russian seaside resort.


Kiev has denied responsibility, while Zelensky claimed that it was Lukashenko who must “be honest” and prove Minsk’s peaceful intentions by removing air defenses and relay transmitters along the border with Ukraine. “I think one week would be enough for him to accomplish this,” the Ukrainian leader stated at a press conference in Kiev on Friday. “If he does not do it, we will.” Lukashenko has repeatedly said that Belarus has no intention of engaging in a war against any nation and “is not threatening anyone.” Zelensky, however, stated that there was “no need for unnecessary words,” and issued another veiled threat against the Belarusian oil refining industry.

“Just like his, for example, oil refining industry,” Zelensky said, claiming that Minsk is one of Russia’s “main” suppliers of petroleum products. “Can this be stopped? I am sure that it is within his power.”Belarus, a close Russian ally, has largely stayed out of the conflict since 2022, while calling on Moscow and Kiev to engage in dialogue and expressing its readiness to contribute to a diplomatic resolution. In September 2025, Lukashenko stated that he was ready to meet Zelensky personally to discuss possible compromises, but the Ukrainian leader rejected the offer.

In November, Minsk released 31 Ukrainian citizens from detention in a “goodwill gesture” at the request of Kiev and US President Donald Trump, who was also seeking to mediate the conflict.Over the past few weeks, Zelensky has been ramping up his rhetoric about an allegedly growing threat posed by Belarus – and threatened it with a preemptive strike. Earlier this year, the commander of Ukraine’s Unmanned Systems Forces warned that Kiev had already identified some 500 potential military and logistical targets across the country.

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Explains a bit better why Hersh’s story is the right one. It’s f**king difficult.

• The Nord Stream Narrative Explosion: Why You’ve Only Read Half The Story (RT)

The Nord Stream saga has taken a turn for the absurd, with a new book claiming that the star saboteur who blew up the gas pipelines was a Ukrainian erotic model-turned-deep sea diver. This detail is the latest addition to an ever-shifting story – while one key coincidence has completely flown under the radar. nPublished on June 19, ‘The Nord Stream Conspiracy: The Greatest Sabotage in History’ promises an inside look at the operation that destroyed the Nord Stream lines. Author Bojan Pancevski doesn’t quibble with the ‘official’ story circulated by the German media – that a Ukrainian commando unit carried out the attack, but adds some pulp-fiction flourish to the tale.


Pancevski claims that a former erotic model identified only as ‘Freya’ was “the bravest diver in the whole group,” without whose experience diving to depths of 100 meters the operation could not have been pulled off. Another of the divers was sick with Covid-19, but Pancevski nevertheless claims he carried out the kind of dive that has killed experienced military frogmen before. After the Ukraine conflict escalated in 2022, ‘Freya’, a Ukrainian who posed naked for soft-porn magazines before turning to diving, apparently “contacted a dubious intelligence unit through her diving colleagues,” and volunteered her services. Asked if she would be willing to take part in the costliest act of industrial sabotage in history, ‘Freya’ supposedly replied “where do I sign.”

Most of Pancevski’s claims cite Ukrainian intelligence sources, with his imagination filling in the gaps (Pancevski insists that the alleged saboteurs inherited their appetite for risk from the Zaporozhian cossacks of the 15th century). Marketed by its publisher as “compelling as a spy thriller,” the book is, according to a New York Times review, pitched “a little too eagerly in the direction of Hollywood.”

Although the story plumbs the depths of 1960s spy-caper silliness, it is no more far-fetched than the official narrative to date. In the most recent retelling of the operation, Der Spiegel claimed in February that a “Ukrainian secret commando unit” approached the CIA in spring 2022 with plans to blow up the four individual gas pipelines that make up the Nord Stream 1 and Nord Stream 2 connectors. Der Spiegel’s Ukrainian sources told the outlet that the CIA “liked the plan,” shared technical data on the pipelines, and was even willing to finance the operation, until it abruptly withdrew its support in early summer.

The Ukrainians, or so the story goes, went ahead and blew up the pipelines without American permission, using a rented yacht to transport the explosives to the blast sites. The latest report is unlikely to raise any eyebrows in Moscow. Russian Foreign Minister Sergey Lavrov has dismissed the entire premise of a small team of Ukrainians pulling off an operation beyond the capability of most state militaries as “ridiculous.” To understand just how ridiculous the German story is, it’s necessary to jump back to 2022.

A junction in the story
On September 26, 2022, a seismometer on the Danish island of Bornholm detected two spikes consistent with underwater explosions – one just after 2am, and another just after 7pm. Danish and Swedish authorities then determined that both Nord Stream 1 lines had been destroyed and one Nord Stream 2 line damaged roughly 60 km northeast of Bornholm, while an explosion around 25 km southeast of the island had destroyed the other Nord Stream 2 line.

As images of bubbling gas leaks hit international media, a separate story went almost entirely unreported: less than 24 hours after the second round of blasts, Poland and Norway celebrated the opening of the Baltic Pipe, a gas pipeline transiting Norwegian gas to Poland via Denmark, passing over Nord Stream just south of Bornholm.

Built between 2020 and 2022, the Baltic Pipe joins the larger Norway-Netherlands Europipe II in the North Sea. It allows 10 billion cubic meters of natural gas to reach Poland every year – less than a tenth of Nord Stream’s capacity, but enough to cover two-thirds of Poland’s total imports in 2024. Poland sells some of this gas on to other EU countries, which after the destruction of Nord Stream were guaranteed to need a new source for the foreseeable future.

[..] Means:
The Nord Stream pipelines sat on the seabed at a depth of between 80 and 110 meters. At this depth, divers must breathe hypoxic Trimix gas, carry around 90 kg of equipment, and spend (very roughly) 90 minutes decompressing on the way up for every two minutes spent on the seabed. Furthermore, a single diver or pair of divers would rarely attempt more than one of these dives in a single day, meaning the crew of the yacht – described in one report as “not the vessel anyone would choose” for such a mission – would have had to remain at sea amid active military exercises for days on end.

RT spoke to a scuba diving expert who said it was “not impossible, but highly unlikely” that a small team of divers could pull off such an operation. Even 50-meter dives can kill the most experienced military divers, but the divers of the US Navy’s Diving and Salvage Center in Florida possess the equipment and the know-how to carry out engineering operations at this depth. The CIA recruited these divers, commandeered a Norwegian mine-hunting vessel, and planted shaped explosive charges on the pipelines in June 2022, Hersh’s source claimed.

{..] Opportunity:
Planting each charge was an hours-long endeavor, and the presence of military divers wouldn’t go unnoticed, unless they had an excuse to be in the area. NATO’s BALTOPS exercises gave the CIA the cover it needed. Running from June 5 to June 17, the BALTOPS drills involved 14 NATO states, and included US-led experiments with mine-hunting drones and deep-sea communications technology in the Baltic Sea.

Hersh predicted that American and German intelligence agencies would soon come up with an alternate story and feed it to friendly media outlets. In April 2023, The New York Times, Die Zeit, and Der Spiegel published the first versions of this tale.

Read more …

“Tesla was the nation’s largest EV auto seller at the time, and 100 percent of its vehicles were fully electric. Yet Musk and his company were left off the Biden team’s guest list.”:

• Elon Musk vs. the Democrats: Outcomes vs. Process (Soukup)

Years ago, when my oldest son was a Boy Scout, he was asked to write a report/make a presentation on a modern American “hero.” He chose Elon Musk, and I, of course, rolled my eyes so hard they nearly popped out of my head. I knew Musk was a successful businessman, but I also knew that he was both an advocate for and a seasoned manipulator of Big Government. Tesla, for example, received a $465 million Department of Energy loan in 2010 under the Advanced Technology Vehicles Manufacturing program, a Big Government scheme to encourage private companies to advance Big Government priorities (namely, fighting Climate Change by reducing carbon emissions).


Likewise, Tesla was, at least at the time, commercially viable only because of the more than $1 billion ($7,500/vehicle) in federal EV tax credits claimed by its buyers. Without government greasing the proverbial wheels a bit, Tesla would have struggled to get the literal wheels rolling out the sales floor doors. Moreover, Musk publicly acknowledged that he voted for Obama and presented himself as part of the “green” business revolution, men and women who could and would “do well by doing good.”

My, how things change.

Just a short decade later, Elon Musk is, indeed, regarded as a genuine hero by most on the American political Right—and by anyone who favors free enterprise—while he is loathed and actively derided by his former friends and allies on the Left. Especially this past week, after the SpaceX IPO made him the world’s first trillionaire, the Democrats and other leftists who once loved him, partnered with him, and sang his praises loudly have shown nothing but contempt for him and hatred for his inarguable business success. As the controversial Democratic Senate nominee from Maine, Graham Platner, ominously put it, “Elon Musk just became the world’s first trillionaire. Let’s make sure he’s also the last.”

How, exactly, did we get here? The biggest part of the story is Musk’s own political evolution, which proceeded slowly, in stages, but was accelerated at a handful of inflection points. Of these inflection points, two stand out among the others.

The first of these took place during President Biden’s first year in office. Biden and his administration were knee-deep in pushing a new, far more aggressive climate agenda. On his first day in office, Biden issued 17 executive orders, several of which addressed climate change and other environmental matters. Most notably, he signed an order to reinstate the nation’s participation in the Paris Accords, thereby placing a policy-making emphasis on electrification and decarbonization. A big part of that effort—as would be evinced in the “Inflation Reduction Act” passed the following year—was pushing the purchase of electric vehicles.

To that end, on August 4, 2021, Biden hosted an EV “summit” at the White House. He invited three EV makers—General Motors, Ford, and Stellantis—to watch him sign another executive order, this one mandating that half of all new vehicles sold in the United States by 2030 be EVs. Of the three, GM had the largest percentage of its sales derived from fully electric vehicles—1.5 percent. Ford sat at 1.3 percent, and Stellantis didn’t even have an electric vehicle for sale in the American market. Meanwhile, Tesla was the nation’s largest EV auto seller at the time, and 100 percent of its vehicles were fully electric. Yet Musk and his company were left off the Biden team’s guest list.

What GM, Ford, and Stellantis did have, of course, was the support of the United Auto Workers Union. In fact, the three also just happened to be the largest UAW employers. Tesla, by contrast, had long fought the unionization of its factories and had been embroiled in a rather ugly dispute with the UAW. In response to the snub, Musk vented a bit, tweeting: Biden held this EV summit. Didn’t invite Tesla. Invited GM, Ford, Chrysler, and UAW. EV summit at the White House, didn’t mention Tesla once and praised GM and Ford for leading the EV revolution. Doesn’t it sound a little bias? It’s not the friendliest of administrations. Seems to be controlled by the unions.

Just under a year later, Musk reached the second inflection point, which also turned out to be his breaking point. In May 2022, the S&P 500 ESG Index conducted its annual rebalancing. And when it did, it removed Tesla. ESG stands for “environmental, social, and governance” investing, a strategy that purports to push corporations to address issues beyond traditional profits and losses, focusing on the broader societal impacts of their operations. I wrote a whole book about ESG (The Dictatorship of Woke Capital) in which I made the case that its flaws are numerous and disqualifying. One of the most significant of these is that ESG has no set definition. It means whatever its practitioners decide it means in the moment, based on little more than preference and convenience. And this is precisely where the S&P’s index ran into problems with Tesla.

By any objective measure, Tesla should have been a mainstay of any investment strategy focused on environmental benefits. It was and is a pioneer in carbon reduction strategies in the personal transportation market. What could be more environmentally friendly than that? The S&P, however, objected to Tesla’s procedural strategies, or lack thereof. It argued that Tesla didn’t have a published “low-carbon strategy,” or verifiable “codes of conduct.” It noted that the automaker had been accused of racial discrimination and didn’t do a great job of handling a National Highway Transportation Safety Administration (NHTSA) investigation. In short, the ESG index tossed the innovator in “E” technology off its list of acceptable companies because it valued the process of the ESG strategy more than it did the outcomes.

Read more …

What?

• Is the iPhone Birth Control? (AmG)

When I call you up, your line’s engaged


have had enough, so act your age

We have lost the time that was so hard to find

And I will lose my mind

If you won’t see me . . .

Time after time

You refuse to even listen

I wouldn’t mind

If I knew what I was missing

—The Beatles, “You Won’t See Me”

As one heads into senescence, the milestones begin to fade in the rearview mirror. Yet every now and again, something jars the memory to refocus your recognition of such milestones and on how time has truly flown. Recently, I was reminded that nearly an entire generation of Americans has been born after the introduction of the iPhone in 2007. As a Gen Xer born before the introduction of the answering machine, I felt the weight of my sixty years, along with a gnawing anxiety about the future.

No, not because I won’t be around all that much longer. Despite the myths of the ubiquitous cult of youth promoted by our callow commercial culture, the increasing aches and pains accompanying my journey into old age are an insistent reminder that no one lives forever. Rather, my concern is how few Americans will be born to replace me and the other older members of our aging nation. As reported by Elise Winland in Zeale News, a new study suggests the 2007 introduction of the iPhone has played a significant role in the declining U.S. fertility rate.

Written by Caitlin K. Myers and Ezekiel Hooper and issued by the National Bureau of Economic Research (NBER), the title of the working paper says it all: “Is the iPhone Birth Control? Causal Evidence from AT&T’s 2007–2011 Carrier Monopoly.” The study’s methodology is straightforward, as are its implications for our nation. As succinctly explained by Ms. Winland: “The paper draws on a natural experiment created by Apple’s exclusive deal with AT&T. When the iPhone launched in June 2007, it was available only on AT&T’s network until February 2011, giving researchers a way to compare areas with different levels of early iPhone access.”

While this deal was fortuitous for the researchers, the consequences were disastrous for the nation’s birth rate. According to Myers and Hooper: The diffusion of the iPhone deepened the decline in births among women under 30 while suppressing the rise in births among older women. Overall, the diffusion of the iPhone explains 33–52% of the decline in the general fertility rate among women aged 15–44. National-survey evidence on time use and sexual behavior is consistent with the iPhone reducing in-person interactions, increasing pornography use, and reducing sexual frequency.

Importantly, Myers and Hooper are not asserting that the iPhone is the sole cause of the steep decline in America’s birth rate, which they cite as having dropped by 22 percent since 2007, again, the year of the iPhone’s introduction. For, as Winland notes, the researchers believe the nation’s record low birth rate of 53.1 births per 1,000 women ages 15 to 44 “cannot be fully explained by the common explanations such as the Great Recession, increased access to contraception, rising housing and childcare costs, and delayed marriage.”

The researchers do argue that “studies imply that access to the iPhone reduced births by 4.5–8.0% at ages 15–19 and 3.2–6.6% at ages 20–24, with statistically significant but smaller declines among older cohorts.” (It is worth noting that the iPhone had a salubrious impact on reducing teen pregnancies; however, the enduring detrimental effects stemming from the loss of social interaction and its accompanying skills will be carried into the future by today’s teens.)

Anyone with a cursory acquaintance with Marshall McLuhan’s work will see his dictum, “the medium is the message,” at work here. Every new technology affects human beings, both in how they interact with that technology and in how they subsequently interact—or fail to interact—with other people by using it.

The math—specifically subtraction—is elementary: by spending more time in your virtual cocoon, you have less time for interacting with real human beings. One must therefore consider how much of the iPhone’s contribution to the birth dearth stems from the technology’s unconscious effects on its users. Indeed, unlike, say, birth control or a career choice, the iPhone is not being used deliberately to delay or prevent pregnancy. Rather, the birth dearth is exacerbated because the iPhone user is more rapt with the device and the stimulation it provides than by another person. After all, there are only so many hours in the day—and night.

Read more …

 

 

 

 

 

 

 

 

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Home › Forums › Debt Rattle June 21 2026

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  • June 21, 2026 at 10:14 am #243114
    Raúl Ilargi Meijer
    Keymaster

    Vincent van Gogh Self portrait with pipe 1886 • Vance ‘Skeptical’ That Iran Closed Hormuz Strait Again (ZH) • UK Prime Minister Keir Starmer Expected
    [See the full post at: Debt Rattle June 21 2026]

    June 21, 2026 at 10:35 am #243128
    Michael Reid
    Participant

    Warsh is openly signaling that he believes the Fed has become bloated, overly academic, and detached from reality. For years I have argued that governments and central banks are operating on outdated models that no longer reflect the world economy. Warsh appears to recognize the same problem.

    Warsh’s First Fed Meeting Sends a Message

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