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Debt Rattle June 28 2026

Jun 282026
 
 June 28, 2026  Posted by at 9:56 am Finance Tagged with: , , , , , , ,  Add comments


Rembrandt van Rijn Belshazzar’s feast 1635-38


• The Shooting in the Strait Ain’t over, But… (Larry Johnson)
• Iran Launches Drone Attack Targeting Bahrain (JTN)
• Why is The Ukraine War Hardest to End? (CTH)
• Zelensky Telegraphs 40-Day Pressure Offensive On Russia (ZH)
• Ukraine Closes Week Of Drone Attacks On Russia By Hitting Weapons Plant (ZH)
• Democratic Establishment Accuses Socialists of Exploiting Ballot Access (JTN)
• One Democrat — and Only One — Has Had Enough of the Commies (Robert Spencer)
• The Obama Halo Is Starting to Flicker. Finally! (David Manney)
• When Extremists Run the Government (J.B. Shurk)
• Culture of Grievance- When Victimhood Becomes Social Currency (Brooks)
• Bookmark and Reference Point – June 2026 (CTH)
• Volkswagen To Slash 100,000 Jobs (RT)

 


 

 


 


Can Trump still avoid the war?

• The Shooting in the Strait Ain’t over, But… (Larry Johnson)

A little over a week since the US and Iran signed the MoU, some ships that had been trapped in the Persian rushed to travel through the corridor, with many trying to use an alternative route on the southern side of the Strait along the Omani coast. The International Maritime Organization (IMO) had coordinated this alternative routing with Oman – hugging the UAE and Musandam Peninsula coastline, avoiding the central passage that Iran had mined. This route was significant because it bypassed Iran’s designated corridor entirely, which ran closer to Iranian territorial waters.


However, Iran and Oman agreed on a new framework (joint working group) for the future administration of the Strait of Hormuz on Tuesday, June 24, 2026. The two countries agreed to establish a joint working group between their foreign ministries to discuss: Future navigation rules and administration of the strait. Services provided (e.g., safety, pilotage). Associated costs (in accordance with international standards). Both emphasized their sovereignty over their territorial waters in the strait.

The naval arm of the Revolutionary Guard issued a warning Thursday against using the new route. In a statement carried by Iran’s state-run IRNA news agency, naval officials said the route was established without notice or coordination with Iran, calling it “unacceptable and completely dangerous.” According to the IRGC: “The only authorized route for passing through the Strait of Hormuz is the one declared by the Islamic Republic of Iran. Vessel traffic outside these routes is extremely dangerous and prohibited. Violators will be dealt with.” The day before, the Guard had threatened one tanker over the radio, with a soldier warning “You are in range of my missiles and maybe (I) fire on you,” according to the private security firm Ambrey.

On Thursday the Ever Lovely, a Singapore-flagged ship operating in the fleet of Taiwan-based Evergreen Marine, attempted to transit the strait using a narrow channel near the coast of Oman in accordance with a route organized by the United Kingdom Maritime Trade Operations (UKMTO) security monitor. The Ever Lovely was struck by a drone belonging to Iran’s powerful Islamic Revolutionary Guard Corps. Iran allegedly shot at least four drones at ships traveling through the Strait on Thursday. One of those hit the upper deck of the Ever Lovely. On Friday, the US attacked Iran in ‘response’ to strikes on the commercial vessel in Strait of Hormuz a day earlier:

Iran’s IRIB reported that an explosion was heard at 11:15 pm at the Taheroui pier in Sirik. A military source said the blasts were caused by a projectile hitting the pier area, adding that around five hours earlier, several warning shots had been fired from Sirik toward violating vessels in the Strait of Hormuz. Reports also indicated that two warning missiles were fired earlier from around Karpan toward the strait. US Central Command said its forces carried out strikes against Iran on 26 June in response to Iran’s attack the previous day on the Singapore-flagged cargo ship M/V Ever Lovely as it exited the Strait of Hormuz along the Omani coast. CENTCOM said US aircraft targeted Iranian missile and drone storage sites and coastal radar positions after the vessel was hit by a one-way attack drone.

Although CENTCOM presented this as a powerful strike on Iran, and the US media trumpeted it as an act of major retaliation, the US response inflicted little damage and could reasonably be interpreted as a symbolic gesture rather than a punishing attack. The IRGC Public Relations department issued the following statement: Following the Israeli regime’s violation of the ceasefire in southern Lebanon, the treaty-breaking US regime also violated its commitments once again. Under various pretexts, including the transit of a vessel accused of navigating through an unauthorized route in the Strait of Hormuz, the US launched an airstrike against the coasts of the Islamic Republic of Iran.

In response to this aggression, the Islamic Revolutionary Guard Corps Navy struck positions where the US terrorist military is stationed in the region. Under Article 5 of the Islamabad Memorandum of Understanding, responsibility for regulating navigation through the Strait of Hormuz rests with the Islamic Republic of Iran. However, the United States sought to violate this commitment by encouraging various parties to defy it. It received the necessary response, and the same will apply in the future. If the aggression is repeated, Iran’s response will be broader than this.

Instead of marking a return to war, this exchange of fire can best be categorize as military political theater. I believe that Iran, thanks to intel from the Russians or the Chinese, has learned that the US has issued orders that will initiate the return to CONUS of the aircraft, vehicles and troops that had been deployed to the region in preparation for the February 28 attack. Because of the limited damage inflicted by the US attack, I believe that Iran chose to respond in a limited fashion rather than escalate and run the risk of the US cancelling the redeployment order.

For now, Iran remains in control of the Strait of Hormuz and ships wanting to transit the Strait are adhering to Iran’s new policy.

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Iran makes it a teritorial war in/on its own territory.

• Iran Launches Drone Attack Targeting Bahrain (JTN)

Iranian drones attacked Bahrain after overnight airstrikes by the United States. The U.S. strikes followed an Iranian attack on a cargo ship on Thursday. A tanker was hit by a projectile in the Strait of Hormuz on Saturday, according to Britain’s maritime security agency. No one was injured and Iran hasn’t officially claimed responsibility for the attack. These attacks occurred despite Iran and the U.S. reaching an interim deal to end the war.
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Because the west can fight Russia in Ukraine. They don’t want it to stop.

• Why is The Ukraine War Hardest to End? (CTH)

Mike Steger from Promethean Action PAC argues the reason the Ukraine war is hardest to end is simply because Ukraine represents the proxy state of all the globalist stakeholders who need another large conflict in order to eliminate the problem of a moral-based Christian perspective within the ‘West.’ Essentially, without Russia as the enemy, the factional war they need to retain power is much harder to achieve. Promethean Action PAC YouTube: “Mike Steger explores the concept of “color revolutions” and argues that the same strategies used to influence governments abroad are now shaping politics across the West.


From Ukraine and the Arab Spring to Brazil, Europe, and the United States, Mike examines how non-governmental organizations, media networks, political activism, and government institutions have evolved into powerful geopolitical tools.The discussion also explores President Trump’s efforts to reshape U.S. foreign policy, dismantle longstanding government programs, push election reforms, and challenge what Mike describes as the political establishment ahead of the 2026 midterm elections.”

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Putin can’t let this go on forever.

• Zelensky Telegraphs 40-Day Pressure Offensive On Russia (ZH)

The Ukraine war is quite obviously escalating, especially regarding Ukrainian leaders seeking to “bring the war” to Russian soil, amid nightly drone attacks which have come in the hundreds and even thousands of late. President Volodymyr Zelensky is seeking to seize on the momentum of repeat drone hits on Russian refinery and energy infrastructure – a reality Russia has suffered over many months, leading to a current fuel crisis spanning dozens of cities and regions, and especially Crimea, which has temporarily halted fuel sales to common citizens altogether this week.


Ukrainian media is touting a new Zelensky plan to ramp up the pressure on Russia over the next 40 days, aimed at “pressuring Russia to end its war”. He has ordered Ukraine’s State Security Service (SBU) to launch a new 40-day operation, which also includes “plan for long-range sanctions, medium-range sanctions, and the results achieved by the SBU,” Zelensky said on X. He’s further calling it an “influence operation.” “For several months in a row, the SBU has demonstrated the highest performance in defending Ukraine’s positions on the front lines through the use of various types of drones,” Zelensky said on Thursday evening. According to more of the statement:

I approved a 40-day influence operation for the Service against the aggressor state aimed at compelling it to end the war. Importantly, for several months in a row, the SSU has demonstrated the highest performance in defending Ukraine’s positions on the front lines through the use of various types of drones. The Center of Special Operations “Alpha” leads in terms of the occupier’s personnel and equipment neutralized. Earlier, in mid-June, Ukrainian Defence Minister Mykhailo Fedorov proclaimed “Hell is beginning,” for Russia and its military. “Logistics are being cut off. Crimea is being isolated,” he said at the time.

Ukraine’s asymmetric warfare against Russia’s much-larger and better armed military machine is in a significantly better position than the status of a year or so ago. Russian forces still have the upper-hand on the front line in the east, but the pain clearly being inflicted on Russia’s economy can’t be ignored at this point.This sets up a potential slide into tit-for-tat escalation which could unleash a WW3 scenario. In the meantime this is an interesting-timed warning from Latvia and Poland:

Western intelligence agencies are increasingly concerned that Russia may be preparing a limited hybrid operation targeting NATO’s eastern flank, potentially involving the Baltic states or Poland. Such a move, officials believe, could be an attempt to test the alliance’s unity as the war in Ukraine enters a new phase.According to reporting by The Guardian, intelligence officials from two NATO countries have warned that Moscow is considering a “provocation” rather than a full-scale military attack.

At the moment inside Russia, many regions of Russia seem powerless to stop Ukraine’s inbound drone waves, given also that conventional air defenses are set up to defend primarily against larger, faster-moving projectiles like missiles or jets. President Trump has lately suggested that Ukraine is doing well in the war, or at least much better than it once was. Kiev now feels the pressure to keep this narrative going, also so it can attract more and more weapons and intelligence help. But at some point Russia will feel it necessary to strongly reassert its red lines. This could come in the form of another massive escalation, and against ‘decision-making centers’.

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Escalation.

• Ukraine Closes Week Of Drone Attacks On Russia By Hitting Weapons Plant (ZH)

Ukraine announced Saturday that it used its Flamingo cruise missiles overnight to strike Russia’s Titan-Barrikady weapons plant, which reportedly manufactures parts for its powerful Oreshnik missile. The military plant is in Volgograd, formerly Stalingrad, which is a major industrial city in southwest Russia. Writing on X, President Zelensky described it as a “major industrial complex” where Russia “produces artillery systems and specialized military equipment, including components for missile launch systems.” “Every Russian defense facility involved in the war against Ukraine is a legitimate target for our long-range strikes,” he wrote.


The Associated Press reports, “Volgograd Gov. Andrei Bocharov confirmed an attack on a business in the region’s Krasnooktyabrsky district, saying 10 people had been wounded and taken to a hospital. He said production facilities at the site were damaged but did not identify the company.” Additionally, “Ukraine’s state security service said Saturday morning that Ukrainian forces also struck an oil pumping facility in Russia’s Vladimir region that supplies fuel to Moscow, for the second time this month.” But on the other side of the border, Ukrainian media reports that Russia was also busy with now nightly airstrikes:

Russian forces targeted production facilities belonging to the Naftogaz Group, Ukraine’s largest national oil and gas company, in the Poltava and Kharkiv regions. The barrage of attacks included 129 drones, of which 113 were destroyed or jammed by Ukrainian forces, Ukrainian media reported. The Russian overnight attacks on Ukraine killed two people and injuring more than 20, according to state officials. At a moment much of the globe’s attention remains fixated on Iran and the fate of energy shipping through the largely blocked Strait of Hormuz, the Ukraine war is rapidly escalating.

Ukrainian leadership has issued some astounding stats on the escalation on its side of the border: Russia attacked Ukraine with 1,400 drones and 1,500 guided bombs President Volodymyr Zelensky stated on Saturday, June 27, that Russian forces deployed approximately 1,400 attack drones, 1,500 guided aerial bombs, and 19 missiles of various types, including ballistic missiles, against Ukraine over the past week. In a statement published on Telegram, Zelensky noted that 15 Ukrainian regions were subjected to Russian attacks during the seven-day period. He highlighted that the cities of Kherson, Zaporizhzhia, Kharkiv, and Sumy faced near-daily bombardment.

But it also over the past week has sent projectiles into Russia in the thousands. Ukraine’s asymmetric warfare strategy against Russia’s much-larger and better armed military machine has put Kiev in significantly better position – in terms of potential negotiating leverage – than the status of a year or so ago. Russian forces still have the upper-hand on the front line in the east, but the pain clearly being inflicted on Russia’s economy can’t be ignored at this point. There are reports of fuel shortages across dozens of regions and especially in Crimea over the past several days.

President Trump has lately suggested that Ukraine is doing well in the war, or at least much better than it once was. Kiev now feels the pressure to keep this narrative going, also so it can attract more and more weapons and intelligence help. But at some point Russia will feel it necessary to strongly reassert its red lines. This could come in the form of another massive escalation, and against ‘decision-making centers’.

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The party has been taken over.

• Democratic Establishment Accuses Socialists of Exploiting Ballot Access (JTN)

The Democratic Socialists of America have adopted a strategy to exploit the Democratic Party’s ballot access to boost their own candidates at the expense of incumbents, a plan which achieved remarkable success in New York City this week. The victory of two DSA-backed candidates and one former member delivered a shock to the Democratic Party establishment, which has begun to call for better policing of the party’s primaries against candidates who are only seeking to exploit it, not join it. “I say this with no ill will or animosity: if you hate the Democratic Party, then please don’t run for our nomination,” said Jaime Harrison, who served as the Democratic National Committee Chairman from 2021 to 2025.


“Don’t use our resources. Don’t rely on our volunteers. Don’t use our infrastructure. Don’t ask Democrats to invest their time, money, and energy in your campaign,” he added. “Focus on building the party you actually support.” The DSA – which calls for abandoning capitalism, defunding the police, and nationalizing key industrial sectors – has long publicly stated its intent to do just that. Ahead of the New York City primary elections on Tuesday, NYC DSA Co-Chair Gustavo Gordillo explained that his party is using the Democrats to access the ballot, but aims to achieve a fundamentally different agenda.

“We’re on the Democratic Party ballot line. We contest the primaries, and when they’re in the legislature, they’re part of the Democratic Party caucus, but we don’t agree with the way the Democratic Party establishment organizes or runs its party apparatus,” he told Spectrum News in an interview. Gordillo was rather open about taking advantage of Trump-hating Democrats. In a clip on X, he said:”We’re using the Democratic Party as a ballot-access vehicle, not because we share its goals […] We build our own organization, get elected under the Democratic label, caucus with Democrats when it’s useful, and push our own agenda from the inside.”

“I think in terms of the agenda, there’s a problem in the Democratic Party where they are funded by billionaire donors, and at the same time, they’re trying to represent the working class, and in our opinion, you have to choose between the billionaire class and the working class,” Gordillo said. “It’s just impossible to satisfy all of them.” The DSA is currently running a strategy known as the “dirty break”– “where DSA continues to run candidates on the Democratic Party’s ballot line, while building the infrastructure and base of supporters necessary to one day run our candidates independently,” as described by the party’s youth wing.

Various forms of the strategy have been referenced in party resolutions since 2019, when the party first defined it as a key goal: “to form an independent working-class party, but for now, this does not rule out DSA-endorsed candidates running tactically on the Democratic Party ballot line.” The party’s youth wing, the Young Democratic Socialists of America, identified the strategy by name in 2022, adopting a resolution at its convention that year. “Therefore, be it also resolved that YDSA is committed to, within DSA and on the left in general, a bold and transformative ‘dirty break’ approach to elections and electoralism,” according to convention documents.

The youth wing argues that the success of Rep. Rashida Tlaib, who was elected as a Democrat in Michigan’s 13th Congressional District in 2018 (she now represents the 12th after redistricting), has proven that the “dirty break” strategy is a viable one. “Tlaib often acts as a tribune of the people, using her role in Congress to agitate around working-class issues rather than pass legislation,” reads one article on the YDSA’s website. Since Tlaib’s victory in 2018, the DSA’s power in Democratic strongholds appears to be growing.

Last year, DSA member Zohran Mamdani upset the Democratic political establishment and won election to the mayor’s office in New York City on a socialist platform. Earlier this week, he flexed his newfound political influence in the city to catapult three other socialist candidates to victory in Democratic primaries for the U.S. House of Representatives.

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The one true democrat is Fetterman.

• One Democrat — and Only One — Has Had Enough of the Commies (Robert Spencer)

The communist takeover of the Democrat Party is in full swing, and some might find that surprising, as the Democrats have looked like a communist party for many years now. But what was hidden ten or twenty years ago is all out in the open now, and as ever more avowed socialists are getting elected, one Democrat is sounding the alarm. But only one.


That’s telling. The Evil Party, as conservative pundit M. Stanton Evans indelibly dubbed the Democrats back in the 1970s (he called the Republicans the Stupid Party, which is just as apt) started on the path of socialism back in 1933 with Franklin D. Roosevelt’s New Deal, and confirmed its commitment to the socialist path in the 1960s with Lyndon Johnson’s Great Society. What’s happening now is simply the open avowal of the trajectory the party has been on for nearly a century. And so it’s less surprising that only one Democrat is speaking out than it is that there is still one Democrat who believes in freedom.

And yeah, you guessed it: it’s Sen. John Fetterman (D-Common Sense). On Wednesday, Fetterman commented on X on a story about the Democrat primary victory of a Marxist convert to Islam who hates the United States and Western civilization, but is now heading to Congress anyway, Darializa Avila Chavalier. “Anti-Israel. Anti-America. Anti-Western Civilization,” Fetterman wrote. “Why am I the only Democrat in the U.S. Senate that refuses to excuse this or defend any of those self-identified communists? Because your party comrades, senator, are communists themselves, and/or cowards and opportunists. Fetterman, however, is none of those things. He declared: “I said months ago, I said the Democratic Party is becoming an orgy of socialism. These recent elections vindicate my description.”

Fetterman zeroed in on Avila Chevalier, noting that she “described America as a f*****g disgrace. She posted ‘f**k Kamala Harris’ and posted that she forgot napkins and wiped her hands on the American flag. She wants to abolish the border, abolish prisons. That is a deeply disturbed individual.” No, she isn’t actually disturbed at all. She is just a committed and consistent Marxist internationalist. Those who are arguably disturbed are the Democrat Party bosses who got behind her candidacy, and the voters who sent to Washington yet another exponent of the most catastrophically failed political and social system in the history of mankind.

Avila Chevalier won’t be alone in the nation’s capital. Referring to another Marxist, Maine senate candidate Graham Platner, by his street nickname, Fetterman quipped: “P-Hustle and Chevalier: the dirtbag left’s new power couple.” And they’re not just that. They’re also the new face of the Democrat Party, along with New York City Mayor Zohran Mamdani and other Washington-bound socialists. Will Fetterman therefore finally leave the party, as has been rumored as often as he has denied the rumors? This time, he seemed to leave the door open to such a switch ever so slightly.

“Even if I changed my party,” Fetterman declared, “my votes or views wouldn’t change. I address this very directly. That’s the truth.” Whatever he does next, Fetterman is without any doubt one of the strangest political figures in American history. During his campaign for the Senate, he never gave any indication of being anything but a doctrinaire, down-the-line leftist, and attention focused less on his policy positions than on the fact that, after suffering a stroke, he seemed barely able to formulate a coherent sentence.

After being hospitalized for depression, however, he emerged not only able to speak clearly and lucidly, but he also began to take a number of common-sense stands, which inevitably led him away from the left. And his analysis of what has gone wrong with the Democrats is more accurate and convincing than almost all the other post-mortems. This doesn’t mean that Fetterman sees everything clearly now, and he certainly hasn’t made a full break with the left. But it’s as rare as it is refreshing to hear from an honest man.

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‘Well, damn. I thought this was the big bad boogeyman telling us this guy’s a threat to democracy, which I believe he is, but still..’

• The Obama Halo Is Starting to Flicker. Finally! (David Manney)

Charlamagne tha God didn’t sound like he was asking permission. The Breakfast Club co-host heard former President Barack Hussein Obama mock President Donald Trump as tougher from a distance than face to face, then pushed the charge back across the table. From Fox News:


“So I just didn’t understand what he meant unless he was talking about the kiki they had at the [Jimmy] Carter funeral. But to me, that goes both ways. You kikiing in his face too, ’cause by the way, Trump has been saying wild stuff about you, bro, been saying wild stuff about you and your wife, but you was just right there kikiing with him at the President Carter funeral. So I can say it goes both ways. Don’t neither one of y’all be having that energy in each other’s face. At least from what we saw,” the radio host said.

Kikiing is an informal slang term for relaxing or gossiping. Charlamagne referred to Obama and Trump speaking to one another at former President Jimmy Carter’s funeral, at times smiling and laughing with each other. Former first lady Michelle Obama did not attend. “So when I heard President Obama say that, I’m like, ‘Well, the same thing can be said for you.’ Don’t none of y’all be having that same image. Like we saw President Biden say, ‘Welcome home to Donald Trump.’ Like, so, it’s just like what are y’all? I didn’t understand that part. Like that just sounds like something slick to say on the podcast,” Charlamagne said.

“It sounds good on a podcast, OK? It goes viral. But when you really take a step back and look at it, don’t none of y’all be having that same energy for each other when you see each other. That’s what be confusing us because we be like, ‘Well, damn. I thought this was the big bad boogeyman telling us this guy’s a threat to democracy, which I believe he is, but still,'” he said. Obama, he argued, has often sounded different depending on the room, the crowd, and the moment. From a host whose platform has shaped political talk among younger black listeners, the jab carried more weight than another cable panel gripe.

Obama has spent years being treated less like a politician and more like a civic mood. To his admirers, he represented calm, cool, firsts, and finish. The new Obama Presidential Center in Chicago’s Jackson Park leans hard into that story. The center opened a week ago with four floors devoted to the Obama presidency, the 2008 campaign, the Oval Office, and the promise of democracy. Museum tickets are already sold out, with another block scheduled for July 8.

Fox News’ Jesse Waters sent a reporter to the Obama Center, which, as we were lectured, was built on stolen land — and I’m not talking about land pulled out from the public at Jackson Park — who asked visitors some difficult questions. A shrine can draw crowds and still invite questions. Stephen A. Smith, ESPN host and executive producer of First Take and host of Straight Shooter, questioned how Obama and former President Bill Clinton built large fortunes after careers in public office.

Smith’s larger point hit a sore nerve: elected leaders should prosper only when Americans are prospering too. Coming from a black broadcaster with his own huge audience, the criticism wasn’t easy to wave away as stale right-wing noise. From Fox News: The sports commentator and host of the “Straight Shooter” podcast weighed in on any profits President Donald Trump is making while serving in the nation’s highest office. “I don’t give a damn what money politicians slide into their own pockets from time to time,” Smith said on Wednesday’s episode of his podcast. “If the American people are prospering, get yours. It’s a capitalistic society.”

Smith went on to cast doubt on how former President Bill Clinton obtained his multi-million dollar net worth. “I’ll confess something to ya’ll,” Smith continued. “Clinton was a lawyer in Arkansas. Grew up poor, relatively broke. How the hell him and the Clinton Foundation is worth hundreds of millions of dollars beat me.” Smith also pointed to former President Barack Obama’s similar high net worth. “Barack Obama was a community organizer who became the president of the United States and, last time I checked, that salary ain’t over $450,000, if I remember correctly,” Smith said. “I got to double check that,” he added. “How the hell you depart from office worth over $200 million?”

According to an investigation conducted by Forbes, both Bill and Hillary Clinton have netted approximately $240 million since leaving office in 2021. Bill Clinton is reportedly responsible for the majority of the couple’s earnings, raking in $189 million by authoring books and $106 million in paid speeches. Obama owns real history; he won two national elections, became America’s first black president, and signed a health law that remade a large part of American life — and not in a good way.A legacy with weight can still carry vanity, scolding, and blind spots. The growing irritation around Obama isn’t about denying his place in history; it’s about asking why the man who preached unity so often left half the country feeling accused, condescended to, or dismissed.

The cracks didn’t appear only this week. Obama campaigned for former Vice President Kamala Harris in 2024, including a pointed message to black men who weren’t sold on her candidacy. President Trump still won, and AP VoteCast found that he expanded his coalition with gains among younger voters and black and Hispanic men.

Democrats can pretend those voters misunderstood the assignment, but many voters may simply be tired of being assigned a role by a man with an ego larger than the sun.The left, who said the Obama years represented healing, sold us a bill of goods. Instead, the country got lectures on bitterness, guns, religion, race, police, and resentment. His defenders called it truth-telling, but many of us heard something colder: a gifted person who can read out loud quite well, who explained their very own country back to them with a raised eyebrow.

A man can have grace, talent, and historical importance while still leaving behind a politics that divided more than it inspired. Obama’s halo isn’t gone because too many institutions still polish it. The center in Chicago will attract crowds, glowing photos, and reverent tours. Yet the old automatic applause is much weaker.Charlamagne the God and Stephen A. Smith aren’t conservative backbenchers; they speak to audiences Obama once seemed able to reach by instinct. When voices like theirs start asking sharper questions, the problem is no longer Republican criticism.

The concern is that memory is catching up with the myth.

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“Two can certainly play the “extremist” game.”

• When Extremists Run the Government (J.B. Shurk)

Politicians, government bureaucrats, central bankers, spy agencies, and mainstream news outlets lie to us every day. For some people, the previous sentence is patently obvious. For others, that sentence represents “fringe” thinking. For certain law enforcement agencies in North America and Europe, that sentence reveals potentially dangerous “extremism.”


“Extremism” is such a morally squishy word. It means nothing. It suggests that the average beliefs of the average person in the average part of an average town are, on average, correct. Should a person’s beliefs move too far away from the “average,” then that person will eventually fall into the “extremist” abyss. Of course, the average person long believed that the sun and planets revolved around the Earth. The average person long believed that bloodletting cured disease. The average person long believed in magic. Relativity, microbiology, atomic physics, and quantum mechanics belonged to the “extremists.”

Defining “extremism” depends upon which populations are included when calculating an “average.” To the average American, Islamic terrorism is religious extremism. To the average jihadi in the Middle East, terrorism is part of the Islamic faith. One man’s “extremist” is another man’s “religious cleric.” Unsurprisingly, as more jihadists migrate to America, the more supportive of Islamic terrorism the Democrat Party becomes. We now have several Hamas-supporting members of Congress who define Americans opposed to Islamic conquest as “extremists.”

For a decade, Americans were told to be on the lookout for Islamic terrorism: “If you see something, say something.” Now, if you see something and say something, you will most likely be denounced as an “Islamophobic bigot.” If the definition of “extremism” can shift 180 degrees since the Islamic terror attacks on September 11, 2001, then “extremism” is a nebulous political label.

In the United States, citizens overwhelmingly support federal legislation that would require photo ID, proof of citizenship, and other safeguards to ensure that elections across the country are free, fair, lawful, constitutional, and secure. Democrats and anti-Trump Republicans in Congress prefer to maintain the current “on your honor” system that can be gamed to permit large-scale vote fraud and rigged elections. By any polling measure, Congress’s point of view is far from that of the average American. Members of Congress, in other words, are the extremists! If you listen to the extremists in Congress, however, our elections have never been more secure.

In fact, when you look at some of the most important policy issues today, it becomes quite clear that Congress is ground zero for extremism. Most Americans want Congress to stop spending more money than it receives in taxes; Congress has put us forty trillion dollars in debt. Most Americans want secure borders and an end to illegal immigration; Congress has enabled an evil human trafficking system to exist for over fifty years that rewards criminals and has flooded the country with somewhere between fifty and a hundred million (nobody knows for sure!) illegal aliens. Most Americans are concerned about lowering fuel and food prices;

Congress has wasted trillions of dollars on “Green New Deal” scams that raise the household costs for fuel and food. Most Americans believe that college admissions and job hiring should be based on a person’s merit, skill, character, knowledge, and hard work; Congress continues to divide Americans by the color of their skin and their sexual eccentricities. Most Americans believe that men and women are biologically distinct; Congress pretends that biological sex is an imaginary social construct. Most Americans believe that a dollar saved today should maintain the same value ten, fifty, or even a hundred years from now; Congress thinks printing and spending dollars, depreciating the U.S. currency, and artificially spiking the dollar-denominated valuation of stocks, homes, and other assets is the best way to fake a constantly “improving” economy.

Most Americans believe that we should refrain from military engagements overseas whenever possible; Congress can’t ever get enough of forever-wars. Most Americans want their representatives to work for American citizens; Congress believes it should work on behalf of non-Americans all over the world. Most Americans view their country as a nation; Congress views the United States as both a global empire and a home for every person on the planet. On the most important issues, Congress is filled to the brim with extremists. They should be put on official security lists and monitored whenever they travel more than fifty feet from their taxpayer-financed homes. Instead, in the United States and throughout the West, the extremists run things.

That would explain why Christians are targeted for their beliefs. That would explain why the governments of Europe and North America have flooded their countries with unassimilable malcontents from the third world. That would explain why men are allowed into women’s restrooms and why pedophiles are accorded more respect than heterosexual married couples. That would explain why Western governments have declared war on “climate change” when most people don’t care about elites’ obsession with the weather. That would explain why so many European and North American politicians are willing to risk a nuclear war with the Russian Federation, while ordinary citizens have never been less willing to fight for the defense of their respective countries.

Perhaps the more that ordinary Westerners realize that it is the people running their governments, universities, and bureaucratic institutions who are most extreme, the less willing they become to do what those extremists say. Six years ago, the extremists locked down the world because of COVID. They closed churches, bankrupted businesses, disrupted childhood education, prevented family members from being together, and killed a lot of people with fake “vaccines.” If public health extremists tried to pull another COVID today, would ordinary Westerners do what the politicians and bureaucrats say? Or would Western citizens conclude that extremist governments endanger both their lives and liberties?

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“The entrepreneur of outrage need not solve problems; indeed, solving problems may threaten his relevance.”

• Culture of Grievance- When Victimhood Becomes Social Currency (Brooks)

Every civilization develops a moral language—a set of virtues that it celebrates and vices that it condemns. For much of human history, societies lauded courage, resilience, self-sacrifice, duty, honor, and perseverance. The individual who overcame adversity was admired. The citizen who contributed more than he consumed was esteemed. To endure hardship without surrendering one’s dignity was considered noble. Increasingly, however, modern Western society appears to have inverted this hierarchy. Today, victimhood often functions as a form of social capital.


To claim injury is to acquire moral authority. To assert oppression is frequently to gain status. Public discourse, particularly within academia, media, politics, and social media, often rewards not those who demonstrate resilience, but those who can most persuasively locate themselves within narratives of historical or contemporary disadvantage. This is not to suggest that oppression does not exist. It plainly does. Human beings have always oppressed one another. History is replete with examples of slavery, discrimination, persecution, exploitation, and injustice. Serious societies acknowledge these realities honestly.

Yet acknowledging injustice and organizing one’s entire social order around grievance are two very different enterprises. The modern culture of grievance is distinguished not merely by its concern for injustice, but by its tendency to elevate grievance itself into an identity. In such a framework, suffering confers legitimacy. Personal agency is often deemphasized in favor of structural explanations. Individual responsibility, once considered indispensable to human flourishing, is increasingly treated as secondary to historical narratives of power and oppression. Why? Part of the answer lies in incentives.

Human beings respond to incentives whether they exist in economics, politics, or culture. If a society rewards certain forms of behavior with status, attention, influence, institutional support, or financial gain, those behaviors predictably proliferate. Social media has accelerated this process dramatically. Platforms built upon visibility and engagement naturally privilege outrage, conflict, and emotional intensity. Claims of victimization generate attention. Attention generates followers. Followers generate influence. Influence often generates money, prestige, and institutional power.= Grievance, in the digital age, has become monetizable.

The entrepreneur of outrage need not solve problems; indeed, solving problems may threaten his relevance. A permanent sense of crisis sustains audiences, donations, speaking engagements, media appearances, and political mobilization. The incentive, therefore, is often not reconciliation but perpetuation.= A grievance resolved is a constituency diminished. This dynamic extends beyond social media influencers. Entire political movements, activist organizations, and institutional bureaucracies can become dependent upon the continued existence—or perceived existence—of oppression. The maintenance of moral urgency becomes essential to organizational survival.

Consequently, there exists a temptation to expand definitions continually, to discover ever more subtle forms of harm, and to reinterpret ordinary human conflicts through increasingly elaborate frameworks of oppression.

Disagreement becomes violence.

Words become trauma.

Discomfort becomes harm.

Failure becomes victimization.

Ordinary interpersonal conflict becomes evidence of systemic injustice.

The danger is not merely conceptual confusion. The danger is cultural infantilization.

Read more …

In case 2027 and 2028 get confusing.

• Bookmark and Reference Point – June 2026 (CTH)

Events in 2027 and 2028 are likely to be very confusing. As a consequence, CTH needs to establish datapoints in real time that can later be referenced and reviewed to make sense of things when CTH starts to put the data into a very difficult to accept storyline. This process is similar to setting the 2012 election “splitter strategy” as a reference; that leads to the 2014 RNC winter meeting and rules changes; that led to the 2015 lineup of RNC candidates; that led to our ability to show how the ‘splitter strategy’ was being deployed for the 2016 GOP nomination. The defeat of Jeb didn’t happen in New Hampshire 2016; his defeat was an outcome of assembling years of previous datapoints which proved the illicit roadmap and made the RNC scheme very clear from the outset.


Elon Musk purchased Twitter for $44 billion ($54.20/share) [April through October ’22]. He sold Tesla shares, leveraged more and assembled a $25 billion investment group to cover the remainder. When the financing dust settled Musk controlled Twitter and investors were in for around $25 billion. Musk later created the ancillary company xAI and when the deadline terms of the Twitter investment were due, he essentially repaid the $25 billion debt by transferring the investors into $25 billion worth of xAI holdings. [Key Point – the originating $25 billion investment was not repaid, just modified]

In 2026, Musk then did an IPO on SpaceX. This culminated in stock sales, valuations and generating $100 billion in cash on hand. A few weeks later Musk then sold 7 tranches of SpaceX bonds worth $25 billion to generate liquidity. He then used the $25 billion offering as the financial mechanism to repay the $25 billion remaining in investor debt. Summary: Twitter’s $25 billion debt transferred to $25 billion xAI stock, then transferred to $25 billion in payout or bond holdings; the option is for the original Twitter investment group to take (cash out or hold SpaceX bond paying 5% annually). [Key point – the originating $25 billion to purchase Twitter is now inside the SpaceX bonds]

This was a smart financial gameplay over the past roughly 5 years. This is how it developed and this is the reality in June of 2026. The originating $25 billion borrowed to purchase Twitter is now either: (a) fully repaid, or (b) sitting in long term SpaceX bonds (depending on investor choice). Musk and his investment friends purchased Twitter for $52 per share. Current valuation is $12 to $15. Twitter investors, Musk’s friends and Musk himself, essentially lost 76% on the purchase (total loss -$33 billion). A loss isn’t a loss until it is realized. There was strong incentive to take each of the various repayment shifts. Twitter => xAI => SpaceX bonds.

[SIDENOTE: What’s the smartest way to get rid of a $33 billion loss without hurting the investors? ANSWER: Transfer the loss to someone else. How do you transfer a $33 billion loss? You IPO a larger holding, putting the depreciated asset in the hands of retail. SpaceX investors are now unwittingly carrying the loss.] In the next few years people will argue with me about this. That’s why writing this now is important. What is outlined above is factual. Most of the money borrowed from investors to purchase Twitter is now resting inside SpaceX bonds. People will deny this, because people have a short-term financial memory for things.

The biggest Twitter investment holdings belonged to Saudi Prince Alwaleed bin Talal, Larry Ellison, Marc Andreessen and a host of investment funds including the sovereign state fund of Qatar.mWhen Elon Musk bought Twitter, he initially permitted sunlight into the background operation of the company. That sunlight was known as “The Twitter Files“.The files showed how the social media platform coordinated with various intelligence agencies within government on the approved information allowed to exist within the platform. Three journalists were allowed to ask the Twitter legal counsel to run search terms and review the responses (if approved by the legal counsel). That’s how the research worked.

The three journalists were Bari Weiss, Matt Taibbi and Michael Shellenberger. Thanks to the Twitter Files and the public interest around them, Bari Weiss launched/expanded her online media network The Free Press. Bari Weiss was a Ron DeSantis supporter. Elon Musk was a Ron DeSantis supporter. Ron DeSantis 2024 campaign was launched on Twitter. The Twitter File research group was shut down by Elon Musk with no immediate public statement as to why.

Billionaire Larry Ellison (Oracle) retained his Twitter holdings as well as his relationship with Musk. When Twitter was under attack from Democrats (’22, ’23, ’24) Ellison was the financial backstop and stabilizing force. Larry Ellison then purchased the TikTok platform with Marc Andreeson. Larry and David Ellison then purchased CBS-Paramount. David Ellison then installed Bari Weiss as CBS News Editor in Chief and bought her company The Free Press. David Ellison, the technology heir son to Larry Ellison who controls Paramount, the owner of CBS, is poised to complete a $111 billion purchase of CNN’s parent company Warner Bros/Discovery as soon as July 2026.

Billionaire Oracle founder Larry Ellison now directly or indirectly controls and influences: Twitter, TikTok, CBS and CNN. As noted by Israeli Prime Minister Benjamin Netanyahu in September of 2025, control and influence of TikTok and Twitter was the #1 and #2 most important strategic geopolitical interests of the government of Israel. These were Prime Minister Netanyahu’s own words. Billionaire Larry Ellison is a very strong supporter of the Netanyahu government.

PREDICTION: If Marco Rubio stays out of the 2028 race [big ‘if’], then all of the Larry Ellison holdings will be used to promote or position Florida Governor Ron DeSantis over Vice-President JD Vance. The Israel -vs- Qatar narrative is based on an anti-Vance operation. Prepositioned politics. [My ‘out there’ suspicion is political narrative control is the entire reason Twitter was purchased]

Read more …

Now the rest..

• Volkswagen To Slash 100,000 Jobs (RT)

Volkswagen is considering closing four German factories and cutting up to 100,000 jobs, Reuters has reported. Amid soaring energy costs and competition from China, the company’s profits have plummeted in recent years. Should the cuts go ahead, Volkswagen will close factories in Hanover, Zwickau, and Emden, as well as an Audi plant in Neckarsulm, Reuters reported on Friday, citing sources within the company. These closures would result in the loss of 45,000 jobs, on top of the 50,000 layoffs agreed upon with trade unions in 2024.


Volkswagen executives will discuss the cuts at a meeting next month. According to a separate report by Germany’s Manager Magazin, the company is also weighing a 15% cut in investment over the next five years. A spokesperson for the world’s second-largest carmaker said that they would not comment on “confidential documents,” but admitted that “the entire group, including its brands and subsidiaries, must undergo far-reaching change.”

Volkswagen employs more than 667,000 people worldwide, almost half of them in Germany. However, the company has been forced to scale back production at home since 2022, when Berlin’s decision to abandon Russian gas imports in favor of renewables and expensive American liquified natural gas (LNG) left the industry reeling from higher energy costs.

The German economy has experienced two years of contraction followed by two years of sub-1% growth. Volkswagen already closed one automobile assembly plant, in Dresden, last December – the first time it had closed a factory in Germany in its nine-decade history. BASF, Bosch, Continental, and more than a dozen other German manufacturers have closed one or more facilities over the last four years.

With energy costs eating into Volkswagen’s profits, the company’s electric vehicles are no longer able to compete with offerings from its Chinese rivals. Once the dominant automaker in China, Volkswagen now sells fewer vehicles there than domestic brands BYD and Geely. In Europe, BYD and fellow Chinese brands Chery, SAIC, and Leapmotor have all doubled their market share over the last year. Back in Germany, Volkswagen’s internal union and the IG Metall metalworkers’ union have vowed to resist the job cuts. “Should such plans go ahead, we would do everything in our power to prevent them,” the organizations said in a joint statement on Friday.

Read more …

 

 

 

 

 

 

 

 

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Home › Forums › Debt Rattle June 28 2026

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  • June 28, 2026 at 9:56 am #243611
    Raúl Ilargi Meijer
    Keymaster

    Rembrandt van Rijn Belshazzar’s feast 1635-38 • The Shooting in the Strait Ain’t over, But… (Larry Johnson) • Iran Launches Drone Attack Targeting Bah
    [See the full post at: Debt Rattle June 28 2026]

    June 28, 2026 at 10:57 am #243624
    Michael Reid
    Participant

    Lt. Col. Anthony Aguilar: U.S. Airstrikes Hit Southern Iran; Tehran’s ‘Hard’ Retaliation on US Bases

    June 28, 2026 at 11:03 am #243625
    Michael Reid
    Participant

    Iran’s New Lego Movie Praising Messi & Iran football team at World Cup 2026

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