Aug 222026
 
 August 22, 2026  Posted by at 9:12 am Finance Tagged with: , , , , , , , ,  Add comments


René Magritte Personal values 1952


China Rejects US Demand To Back Its Economic Operation Against Iran (ZH)
The Strait of Hormuz Is Repricing the Entire World Economy (Martin Armstrong)
Deaths of ‘Iranian Leaders’ Hindering Deal With US — Trump (TASS)
U.S-Canada Trade War is Now a Reality (CTH)
Cocaine Networks and Communists — Marco’s Been Busy Today (Sarah Anderson)
AOC for President? It’s Time We Take That Proposition Seriously (Rick Moran)
Remember the Names (James Howard Kunstler)
‘My Guardian and Protector’: Natalie Harp’s Devotion to Trump (CNN)
FBI Seizes Devices Belonging to Eric Swalwell (CTH)
Mirror, Mirror on The Wall: Who Is the Prettiest Politician of Them All? (SA)
Wait, What? Trump Was on Michael Cohen’s Radio Show? (Matt Margolis)

 


 

https://twitter.com/ConstitustionX/status/2090504429208494479?s=20 https://twitter.com/John_F_kJr/status/2090543513674961159?s=20 https://twitter.com/ivan_8848/status/2090481005987545449?s=20

 


 


But will China understand?

China Rejects US Demand To Back Its Economic Operation Against Iran (ZH)

China has firmly rejected Washington’s call to join in implementing US sanctions to “squash” Iran’s economy, pushing back against Trump administration pressure to be part of the “toughest sanctions in history” which has marked a new phase of conflict focused on extended economic warfare, as a military solution is seen as increasingly unrealistic and unlikely.”Regarding the Iran issue, sanctions and pressure do not help resolve the problem,” Reuters quoted a representative of the Chinese Embassy in Washington as saying. The White House’s new plan is to include heavy reliance on international pressure on external countries to impose extreme isolation on the Islamic Republic.


Chinese foreign ministry spokesman Lin Jian said the same to reporters Friday in a regular briefing. “China calls on all relevant parties to take responsible measures and resolve the problem through political and diplomatic means,” he said. Asked specifically about the latest comments of US Treasury Secretary Scott Bessent, Lin emphasized the need for all parties to take “responsible measures” in resolving the war. “China opposes illegal unilateral sanctions that have no basis in international law and are not authorized by the UN Security Council,” Lin said.

Bessent had on Thursday told CNBC: “It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history.” He then vowed, “It is going to work in Iran and we are going to collapse this regime.” He further invoked some (infamous) words of President George W. Bush issued to allies in the wake of the 9/11 attacks. “You are either with us, or against us,” Bessent said in the interview. “This is going to be the greatest coordinated economic isolation in the history of the world.”

Such back-and-white rhetoric is very unlikely to sway the Chinese, given also that of course they know what happened next after that original proclamation by Bush – American forces got stuck in no less than two quagmires in the Middle East, Afghanistan and Iraq, in what came to be viewed cynically as ‘forever wars’. What’s more as the blowback in Baghdad was pretty immediate, as a key unintended consequence of the US regime change war was the ascendancy of pro-Iran Shia politicians ruling Iraq. Beijing is all too aware of the US score card in the region, even as Washington decision-makers continue ignoring the glaring lessons of recent history.

Bessent seemed perplexed at the reaction in oil prices on Thursday, while he also said that discussions with Beijing would be best done in private: “I think oil markets are misinterpreting what this economic pressure means,” Bessent said on Thursday. Oil prices climbed to more than three-week highs on Thursday. “We have asymmetric information, and I’m not sure why oil has popped up on this,” Bessent said. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart.”

When asked if the U.S. could target China for doing business with Iran, Bessent said many conversations were best to have in private. “We are confident that everyone wants the Strait (of Hormuz) reopened, and for energy prices to come back down,” ` he continued. “Keep in mind that the Chinese get 50% (of their) energy from inside the Gulf. So it would do them a big service to get with the program.”Still, Bessent has been busy doubling-down on Trump’s message shift this week (opting for an economic siege warfare ‘solution’ as after military strategy hasn’t gone so well)…

Tehran has been consistently saying that is is ready for a long war, whether that come in the form of more US-Israeli bombs, or else an economic siege. Even Reuters has acknowledged the obvious in its own coverage, saying “Iran has weathered punishing economic sanctions for nearly 50 years, since the Islamic Revolution of 1979.” “Iranian Foreign Minister Abbas Araqchi called Trump’s comments an attempt to divert American public opinion from domestic financial problems, including record debt and rising interest rates,” the report added.

There’s an additional important factor. At this point there’s no way that the two key UN Security Council permanent members Russia and China will sign off on any big new anti-Iran sanctions regimen brought before the United Nations. Closer to home, the White House risks more China blowback, especially with President Xi Jinping slated to visit the US next month. Bloomberg poses the following in Friday analysis:“Is the White House willing to prioritize this new economic warfare campaign above its China relationship? And if it chooses to, there are serious ramifications,” said Chris Kennedy, an economic statecraft analyst at Bloomberg Economics. Kennedy said the new threats are also an “admission that the US is running out of options.”

Any decision to hit China would risk worsening tensions just weeks before Trump hosts Xi for the Chinese leader’s first visit to Washington in a decade. It also raises the threat of Chinese countermeasures that could inflict pain on the US economy ahead of November midterm elections that will hinge on pocketbook issues. Beijing has already demonstrated a willingness to push back against Trump, most notably by announcing export restrictions on rare earths that forced the White House into a climbdown from their tariff fight. Meanwhile, more pushback against this week’s Axios report saying that large quantities of oil are moving through the Strait of Hormuz via a US Navy established ‘stealth’ corridor:

https://twitter.com/borzou/status/2090576229900423280?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2090576229900423280%7Ctwgr%5E0a80588e3499234b9a74d868adceed0299b51c1e%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fgeopolitical%2Fchina-firmly-rejects-us-demand-back-its-most-crushing-economic-operation-against-iran

On Friday, Iranian President Masoud Pezeshkian said that Iran will “under no circumstances bow to bullying.” But he also struck somewhat of a conciliatory tone, perhaps signaling Iran is still open to dialogue so long as Washington is willing to compromise. “It would be better to end the war today, now that we are strong and have dignity, with the whole world acknowledging our victory,” the semi-official Iranian Students’ News Agency quoted him as saying.

Read more …

If it were so bad, oil would be $200.

The Strait of Hormuz Is Repricing the Entire World Economy (Martin Armstrong)

The politicians continue to speak about the Strait of Hormuz as though this were merely a regional dispute between Iran and its neighbors. That is complete nonsense. The strait is one of the most important arteries in the global economy, carrying roughly one-fifth of the world’s oil and gas shipments. Brent crude has moved above $91, but the headline price of oil is only the beginning. The real economic damage appears in shipping rates, insurance premiums, refinery margins, diesel prices, electricity costs, and ultimately government borrowing. War does not remain confined to the battlefield. It enters every household through inflation.


Washington claims the strait is open while Iran insists it remains closed. Both statements are political propaganda because it is the shipowners, insurers, and commodity traders who determine whether a waterway is commercially open. A tanker can theoretically pass through Hormuz, but that means nothing if the insurance premium becomes prohibitive or the crew refuses to accept the risk. Most politicians have never operated a business and do not understand that commerce depends upon confidence—not government declarations. Once confidence collapses, trade will retreat regardless of how many officials stand before cameras insisting that everything remains under control.

This is why the cost of the conflict cannot be measured solely by the number of barrels temporarily removed from the market. Every vessel delayed or redirected reduces available shipping capacity and increases freight rates elsewhere. Insurers must reprice the probability of a tanker being damaged, captured, or destroyed. Refineries must compete for alternative supplies, while countries dependent upon Gulf energy begin building precautionary inventories. Traders add a geopolitical premium because nobody knows whether the next missile will strike a ship, a refinery, a pipeline, or an export terminal. These costs compound through the entire system long before the average person notices the increase at the gasoline station.


The more serious warning is coming from refined products, particularly diesel. Politicians obsess over crude because that is the price quoted every evening on television. Yet modern civilization runs on diesel. Trucks transport food and consumer goods, farmers operate machinery, construction companies run heavy equipment, and emergency generators protect hospitals and critical infrastructure. When diesel rises, the cost of virtually everything rises with it.

Governments will pretend that this inflation is temporary or caused by greedy corporations. They said the same thing after the monetary expansion of 2020. Inflation is never politically convenient because it exposes the true cost of government policy. A war financed through borrowing does not require politicians to present taxpayers with an immediate bill. The expense is transferred into sovereign debt, currency depreciation, and higher prices. The public pays through the destruction of purchasing power, while officials continue claiming that military operations can be conducted without domestic sacrifice.

Europe is particularly vulnerable. It has spent years undermining its own energy security while increasing sanctions, regulations, and military commitments. European governments are already struggling with weak growth, aging populations, expanding welfare obligations, and enormous debt. A sustained rise in energy prices will reduce industrial competitiveness and force governments to subsidize households once again. Those subsidies will require still more borrowing at precisely the moment bond yields are rising. This is the trap: war raises energy costs, energy raises inflation, inflation prevents central banks from reducing interest rates, and higher rates increase the cost of servicing government debt.

The bond market understands what politicians refuse to see. Long-term government yields are rising across Europe, the United States, and Japan because investors are beginning to question whether governments can continue borrowing without limit. The Middle East conflict is accelerating a sovereign-debt problem that already existed. Governments accumulated debt during the pandemic, borrowed again to subsidize energy after the war in Ukraine, and are now expected to finance another expanding conflict surrounding Iran. Each crisis is treated as temporary, but the debt is permanent.

This is how confidence collapses. The decline of an empire does not begin when it loses one battle. It begins when the cost of maintaining its military commitments exceeds the productive capacity of its economy. Rome debased its currency to pay the army and preserve the frontiers. Spain consumed the wealth of the New World financing wars across Europe. Britain emerged from two world wars victorious but financially exhausted, surrendering its position as the center of global capital to the United States. Military power is always dependent upon economic power, yet the warmongers imagine the relationship works in reverse.

Iran also understands that Hormuz is more valuable as a threat than as a permanently closed waterway. Completely stopping trade would damage Iran and alienate China, India, and other Asian customers dependent upon Gulf energy. Tehran does not need to seal the strait with an impenetrable naval blockade. It merely needs to create enough uncertainty that commercial traffic slows and the world pays a permanent risk premium. A missile landing near a tanker can accomplish economically what a fleet might fail to achieve militarily.

The United States may possess the naval power to escort ships, but it cannot force private capital to ignore risk. Nor can it guarantee that mines, drones, missiles, or small boats will never penetrate the security perimeter. Every escalation requires more ships, more aircraft, more personnel, and still more government spending. The attempt to protect the trade route therefore adds to the fiscal burden created by the disruption itself.

The Strait of Hormuz is becoming a tax imposed upon the entire world economy. It will appear in freight costs, food prices, utility bills, interest rates, government deficits, and eventually elections. Western leaders will blame Iran, corporations, speculators, or climate change before admitting that their endless wars carry an economic price.

Read more …

“The US leader emphasized that Washington was successfully achieving its goals in the conflict with Iran”

Deaths of ‘Iranian Leaders’ Hindering Deal With US — Trump (TASS)

The deaths of a significant portion of Iran’s leadership are among the factors complicating the conclusion of a deal between Washington and Tehran, US President Donald Trump stated. “Part of the problem is [that] so many of the leaders are gone. It’s not easy to make a deal. Nobody knows who’s leading [the country],” Trump said in an interview with WABC radio. At the same time, he emphasized that Washington is successfully achieving its goals in the conflict with Iran, particularly by preventing Tehran from acquiring nuclear weapons.
Read more …

Why exactly? Do we know? They seemed close to an agreement.

U.S-Canada Trade War is Now a Reality (CTH)

Moments ago, Canadian Prime Minister Mark Carney delivered the news via his X account. Discussions between the U.S and Canada have collapsed. All trade representatives are called back home. The 50% U.S. tariffs against Canada are now in effect. A trade war begins. First, read the statement from Prime Minister Mark Carney, with the understanding that Carney is making the first statement because the news is exceptionally bad for Canada. Worse than bad.


When the 3-day tariff pause was announced, CTH said to be cautious. When USTR Jamieson Greer and Canadian negotiator Dominic LeBlanc said the terms were “basically agreed”, again CTH said be careful.The reason for our notes of extreme caution is because the divide between the two economies and trade policy is just too big. There was no way for both sides to close the gap without major structural economic changes within Canada. The issues are not points of friction, they are just too big and embedded within the laws of Canada that would have to change.

anking regulations would have to change. Intellectual property and media rules, regulations and laws would have to change. Industrial policy would have to change. The Canadian energy policy would have to change. The carbon trading scheme would have to change or be removed. All of this would fall upon Canada to carry out in order to position their economy in alignment with the USA. There’s literally no way for their government to accomplish this against the backdrop of their political ideology.

That was the structural argument and point made by former Prime Minister Justin Trudeau. This is also why the USMCA as a trilateral trade agreement is impossible to maintain. The only trade agreement construct possible is two clearly separate bilateral free trade agreements, one with Mexico and one with Canada.

The 50% tariffs begin tonight.

A trade war is underway.

 

 

UPDATE: USTR Response

“Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week. Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days. In addition, Canada is continuing to maintain its prolonged retaliation against the United States, including, among other things, flat-out prohibitions on certain American goods and services.

For decades, Canada has enjoyed the most favorable access to the U.S. market of any country. And from the beginning of President Trump’s trade program, Canada has continued to enjoy the best treatment in the world, even after – like China – retaliating against the United States. This week, the United States agreed to provide even better treatment to Canada, offering significant tariff reductions on steel, aluminum, autos, and lumber.

The U.S. offer was also forward looking, and included a historic economic and national security partnership to cooperate on export controls, combat transshipment, enhance digital trade, and align certain external tariffs. The offer would have led to supply chain coordination on aerospace, complementary actions to address unfair trade practices, critical minerals cooperation, increased enforcement against imports produced with forced labor, and the announcement of formal U.S.-Mexico-Canada Agreement (USMCA) negotiations.

This is a missed opportunity for Canada to partner with the United States, which is the fastest growing economy in the G7.”

~ U.S. Trade Representative Jamieson Greer

Read more …

Trump gives Marco free Latino reign.

Cocaine Networks and Communists — Marco’s Been Busy Today (Sarah Anderson)

I was just getting ready to take the rest of the day off when the State Department flooded my inbox with emails. It seems that Marco Rubio has been pretty busy this week, and he’s largely focused on eradicating communism, crime, and drug trafficking from the Western Hemisphere, which is exactly where I like him. Let’s start with our old pal, Cuba, which Rubio has been sanctioning to death this summer. Or close to death. Unfortunately, the regime is still breathing, but it’s doing so with a massive statue of the secretary on its chest.


Today, the Department of State is designating nine entities and three individuals to further the Trump Administration’s comprehensive push to end the Cuban regime’s malign activities, both in Cuba and across our hemisphere. This action targets the leadership of the U.S.-designated Cuban Institute of Friendship with the Peoples (ICAP) and designates nine Cuban entities supporting the regime.These designations build on the Department’s July 20 report Cuba: The Capital of 21st Century Communism, which summarizes the Cuban regime’s decades-long use of brigades, such as the one coordinated by the designated ICAP earlier this month, to advance Cuban interests at the expense of the United States.

ICAP is the organization Fidel Castro began in 1960 to build global “friendship” and “solidarity” and maintain relationships with foreign activist groups. In reality, it’s a way to spread communist propaganda. According to the State Department, “it claims to have more than 2,000 solidarity organizations across over 150 countries [and] serves as the main organizing hub of Cuba’s ideological network.” Think Code Pink and the like. Additionally, “it coordinates research, educational, and cultural exchanges between American and Cuban institutions, builds relationships between American political movements and Cuban officials, and harnesses its global reach to draw leftwing activists, intellectuals, students, influencers and politicians to Cuba from across the world.”

It’s also directly tied to Cuban intelligence, and 90% of its staff are affiliated with the Cuban spy agency. Anyway, on Thursday, Rubio sanctioned some of ICAP’s leadership, including: Fernando Gonzalez Llort, the president of ICAP and is one of the “Cuban Five” group of Cuban intelligence officers arrested in 1998. Llort was released from U.S. custody to Cuba in 2014. Noemi Ramona Rabaza Fernandez, who serves as the first vice president of ICAP. Leima Martinez Freire, who serves as the ICAP North America Director.

But he didn’t stop there. Rubio also sanctioned entities he accuses of exploiting Cuba’s metals and mining sector for the benefit of the regime. These include:
• Empresa de Níquel Comandante Ernesto Che Guevara, a state-owned enterprise dedicated to the extraction and processing of nickel and cobalt.
• Empresa Importadora Exportadora y Comercializadora de Metales or METALCUBA, a “Cuban state-owned enterprise that facilitates the import of heavy industrial products, including specialized fuel and metal components, on behalf of state and non-state actors.”
• Grupo Empresarial Geominero Salinero (Geominsal), a group that “develops and markets mineral resources and salt, and provides technical services associated with these industries.”
• Acinox Comercial, a state-owned enterprise that facilitates the import and export of metallurgical goods and industrial equipment.

In addition to those, he sanctioned several regime-controlled entities, including the Ministry of Construction of Cuba and Agencia de Contratacion a Representaciones Comerciales S.A. (Acorec S.A.), an organization that supplies Cubans to foreigners for labor inside Cuba and then garnishes 90% of the workers’ wages. That’s not all. He also designated: • Coratur S.A., the organization that “manages international trade, import-export operations, and foreign market partnerships.”
• Empresa Central de Abastecimiento y Ventas de Equipos de Transporte Pesado y Sus Piezas (Transimport), a group that has “imported over $5 million worth of vehicles, automotive parts, and industrial equipment in recent years.”
• Empresa Comercializadora de Articulos en General (Consumimport), a group that “imports and exports a wide variety of goods, including appliances and construction materials.” Meanwhile in Ecuador…

The State Department also announced on Thursday that it is sanctioning “an Ecuador-based network of 15 individuals and entities and identified 10 Ecuador-based fishing vessels as blocked property for their role in trafficking thousands of kilograms of cocaine each month from South America to Mexico, destined for distribution in our homeland.” It goes on to state that these groups in Ecuador are growing closer to Mexican cartels, particularly the two biggest and most dangerous, Sinaloa and Cártel de Jalisco Nueva Generación (CJNG), as well as Ecuadorian Foreign Terrorist Organizations, Los Choneros and Los Lobos.

“These trafficking operations generate billions of dollars annually for cartels responsible for a significant share of the deadly drugs flowing into our communities,” the State Department reports. “The United States will continue to use all our tools to dismantle the cartels profiting at the expense of American lives.” The network operated under the cover of legitimate fishing fleets out of Manta, using government-subsidized fuel to resupply go-fast boats hauling multi-ton loads across the Pacific.

Editor’s Note: Thanks to President Trump and War Secretary Pete Hegseth’s leadership, the warrior ethos is coming back to America’s military.

Read more …

“She’s palling around with Bernie Sanders and will likely inherit his very large, very sophisticated political movement.”

AOC for President? It’s Time We Take That Proposition Seriously (Rick Moran)

Rep. Alexandria Ocasio-Cortez (D-N.Y.) may be uninformed, poorly educated, and without scruples. But she’s the frontrunner in some polls for the Democratic Party’s 2028 presidential nomination and is well-positioned to ride the growing wave of radical-left energy now taking over the Democratic Party all the way to the top. Getting past superficial profiles of her, AOC has many gifts and a jungle savviness about politics that makes her a formidable opponent for any Democrat who’s been mentioned as a potential presidential candidate.


Her clownish social media gimmicks aside, this is a woman with a plan. And Republicans who underestimate her do so at the party’s peril.Mark Halperin, a veteran of several presidential campaigns, writes in The Free Press, “AOC boasts three indispensable factors for a successful presidential race: national name recognition, the capacity to raise tens or hundreds of millions of dollars, and insatiable media interest.”

A Democrat Trump? Don’t laugh it off. She’s palling around with Bernie Sanders and will likely inherit his very large, very sophisticated political movement. In that, she’ll have a leg up on Trump, who didn’t have much of an organization when he started running for president in 2014.

AOC maintains one of the largest digital footprints of any politician in Congress, with a combined social media following exceeding 23 million across major platforms. It doesn’t matter if they’re all brain-dead millennials and Gen Zers. They don’t care about “issues” the same way that older voters might consider before deciding who to vote for. It’s all about “feelings” and “vibes.” And AOC knows how to tap into that zeitgeist.

The Free Press: “An iconic face of the zeitgeisty progressive movement, a fundraising dynamo on a first-name basis not just with cable news hosts but with producers, network executives, hair and makeup folks, and popular influencers as well, AOC showcases other en vogue traits. She is a young outsider railing against the establishment. She is a master of the attention economy, a social media wizard with a keen sense of timing. She is bracingly gruff and tart, unafraid of conflict and controversy, and comfortable in the eye of the storm. She is widely considered gorgeous, with a sharp fashion flair. She possesses ineffable magnetism that catches attention; when she appears on any television or tablet, she compels viewers to turn up the volume to find out what she is saying.”

AOC understands that modern politics is part ideology, part organization, and part show business, and she does not pretend to be offended by the performative superficialities of the profession. Most politicians say they hate the circus while making sure they are standing in the center ring. AOC genuinely enjoys the circus. She is soulful, sincere, winking, ironic, and a ham all at the same time. Many Republicans have a hatred for AOC that’s so rabid they can’t acknowledge her obvious political gifts and the threat she poses. This is suicidal. She will be a formidable opponent in 2028 if she doesn’t stumble over her own stupidity.

Her obvious weak spot is foreign policy. Her recent efforts to create a foreign policy résumé resulted in an embarrassing appearance at the Munich Security Conference in February. Halperin notes that “even an intensive course in national security and foreign policy might leave her vulnerable to a career-stalling gaffe.” That’s because talking about foreign policy with simple-minded talking points or stumbling over a “what I believe” question shows a shallowness voters will recognize immediately.

Foreign policy is not simply a matter of expressing the ideologically accepted values. Presidents have to know things. They have to understand NATO, China, deterrence, nuclear doctrine, intelligence, trade, alliances, sanctions, the Middle East, the history behind the current crisis, and the interests behind the public rhetoric. They have to know enough to tell when the generals, diplomats, and intelligence officials sitting around the table are right, and when they are protecting their own bureaucratic interests.

At Munich, AOC at times seemed like someone who had learned the broad strokes but was not particularly capable of comprehending or interested in the intricacies. A presidential campaign would ultimately unmask that weakness, and her opponents would run with it as far and fast as possible. Furthermore, her Munich stumble laid bare the broader question of gravitas. AOC has spent her entire national political life as an insurgent legislator. She has never been a governor. She has never run a large executive branch. She has never had to balance a state budget, manage a natural disaster, command a National Guard, negotiate a major bipartisan agreement, or make the kind of lonely executive decision for which there is no politically easy answer.

She’s got a little more than a year to change that impression. The frightening possibility is that it might not matter as much as it has in the past. The younger voters are far more impressionable and have less ability to recognize a lightweight like AOC. Her communication skills will only take her so far, as long as her voters don’t question the intellectual basis for her ideology. Personally, I believe 2032 will be her year. If she’s the nominee in 2028, she will lose and lose big.

Read more …

“. . . it’s subversion and nothing about it is accidental. it’s a well worn playbook to use the democratic institutions of a high trust state to destroy a civilization.” —El Gato Malo on Substack

Jim has been in fine form for quite a while..

Remember the Names (James Howard Kunstler)

An eerie quiet masks the panic rising among the many players in the long-running train of crimes carried out under color-of-law against the people of the this country that goes roughly under the clunky name of The Grand Conspiracy. What is Joe DiGenova up to, exactly, in the Southern District of Florida, with its several grand juries grinding away? Indictments will fly, for sure, but then who will flip on whom? It won’t take a whole lot of flippers to seal many fates in this skein of sedition and treason. The tension must be terrible for them.


The question has long been: how do you even begin to organize a set of coherent cases around this roaring avalanche of nefarious acts that got bigger with each successive attempt at cover-up? Let’s see if we can block out a panoramic picture of potential prosecutions. The gigantic mess must be separated into packets.

It’s probably best to begin with the FBI’s “Midyear Exam” op of 2016 — the investigation into Hillary Clinton’s private email server. You can bet that the server contained evidence of HRC’s two seminal crimes that kicked things off: 1) the transfer of US military technology to Russia’s Skolkovo high-tech hub and payments from seventeen companies involved coincidentally received by the Clinton Foundation when she was Sec’y of State; and 2) the “Uranium One” deal transferring US-owned nuke material to Russia (via Canada) that required a State Dept signoff by HRC — coincident with husband Bill receiving a half-million dollar “lecture fee” from a Russian bank. Players involved in Midyear Exam: Comey, Strzok, McCabe, Page, then-AG Loretta Lynch.

That potential embarrassment of this sketchy business was simply squashed by Lynch and Comey, while HRC took care to physically destroy the server and devices linked to it. But it also prompted the creation of the Russian collusion prank against then-candidate Donald Trump, (“Crossfire Hurricane”) to distract attention from all that. . . which turned into the huge RussiaGate operation that marshaled the FBI, the CIA, the Senate Intel Committee, and offices deep in the Pentagon to put over a gigantic hoax. It was green-lighted by President Barack Obama and organized by CIA-Director John Brennan, with FBI Director Comey and DNI James Clapper.

Supporting players (potential defendants) include Susan Rice, Sally Yates, Veep Joe Biden (or “Joe Biden”), then White House aide Lisa Monaco, and CIA agent Eric Ciaramella (who wrote the actual Intel Community Assessment that jump-started the op). McCabe, Stzrok, Page, Ohr (and wife, Nellie), Rosenstein, and many FBI agents are potential defendants. Also Gina Haspel, CIA London station chief, who coordinated with the UK’s MI6 agent, Christopher Steele of the Steele Dossier. Throw in DOD-sponsored spook Stefan Halper and FBI liaison in London, Alan Kohler. After May, 2017, Christopher Wray was responsible for all FBI mischief and FISA Court irregularities (along with FISA Judge James Boasberg).

The Mueller Investigation was a subset of RussiaGate, but deserves its own case packet. It was an attempt to legitimize the RussiaGate hoax, and to keep the news media fed with innuendo. In effect it was a hoax unto itself, consumed $32-million, and ran nearly two years. It produced exactly nothing in evidence that President Trump had “colluded” with Russia about anything. Since Robert Mueller was mentally incapacitated, the investigation was run by subordinates, Aaron Zebley, Andrew Weissmann. Attorneys Jeanie Rhee, Elizabeth Prelogar, Brandon Van Grack and others. It was a fraud on the public and probably an obstruction of justice.

Impeachment No. 1 (the Ukraine phone call impeachment) was an entirely false operation cooked up by lawfare ninja Norm Eisen in collusion with Reps. Jerrold Nadler and Adam Schiff, with assistance from CIA agent (“whistleblower”) Eric Ciaramella and NSC member Lt. Col. Alex Vindman, with a boost from then-IC Inspector General Michael Atkinson. Eisen later admitted on a video that the aim of the impeachment was to “prebunk” Veep “Joe Biden’s” bribery and grift activities in Ukraine as the Democratic party prepared to run him for president in 2020. Ciaramella had accompanied Veep “Joe Biden” on several trips to Ukraine and knew what “JB” was up to there. Indict them all for sedition and treason.

The 2020 election op was pulled off in coordination with the Covid-1 scam that positioned the nation for massive mail-in ballot fraud, which was coordinated by lawfare ninja Marc Elias, then employed by the Democratic Party law firm Perkins Coie. Elias was assisted by Mark Zuckerberg (Facebook, now Meta), whose nonprofit, Center for Tech and Civic Life (CTCL), distributed over $400-million to roughly 2500 election districts around the country, much of it used to pay select officials who would count and report mail-in ballots. The mail-in ballot fraud had been planned and gamed-out previously by the non-profit org Transition Integrity Project, run by Rosa Brooks and Nils Gilman.

In October 2020, fifty-one former intel officials signed a public letter denouncing the Hunter Biden laptop as having “the earmarks of Russian disinformation.” The letter was organized by Antony Blinken and former CIA-Director Michael Morrell. It was done in coordination with a social media campaign to suppress public knowledge of the laptop (and the Biden family record of international grift inside it) to influence the presidential election a month later. Potential fraud indictments.

The Jan 6 riot at the US Capitol has never been adequately investigated. FBI Director Wray was allowed to evade answering to Congress about the number of FBI agents and associated employees (including CIA personnel) that were mixed in with the crowd to provoke the intrusion inside the building and related violence. Speaker Nancy Pelosi engineered the situation so that the certification of electoral vote slates would not be challenged as procedure allowed. Sedition and Treason.

The Jan 6 Congressional Committee was a fraud on the American people put together by Speaker Nancy Pelosi to coverup her involvement in the crimes behind the Jan 6 Capitol riot. The members involved likely enjoy Congressional immunity for the spectacle itself, but perhaps not for destroying all the evidence that was collected in the course of the investigation. Chairman Bennie G. Thompson was responsible for that.

The Mar-a-Lago raid of August 2022 was authorized by Attorney General Merrick Garland and carried out by FBI Director Wray with Assistant Director Steven D’Antuono. Three months later, Garland appointed Jack Smith Special Counsel to oversee the Mar-a-Lago documents case, which he botched, resulting in its dismissal two years later. The raid itself arguably lacked probable cause and was based on an improper scope of evidence sought. Indict Merrick Garland under 18 U.S.C. § 241, conspiracy against rights.

The lawfare operations of 2023-2024 in several jurisdictions resulted in indictments against candidate Donald Trump and others in Fulton County, GA, and New York City. The Fulton County case under DA Fani Willis (later disqualified for “the appearance of impropriety”) was assisted by the “Joe Biden” White House, possibly by attorneys Richard Sauber and Beth Mueller in the WH Counsel’s Office, giving it the odor of a purely political prosecution.

In the the Stormy Daniels hush money case against Donald Trump brought by Manhattan DA Alvin Bragg, DOJ officer Matthew Colangelo left his cushy position as Principal Deputy Associate US Attorney General to take a job assisting DA Bragg in the NYC court. Colangelo delivered the opening statement at the 2024 trial and played a central role in the prosecution. The trial was presided over by political judge Juan Merchan. Just days ago, The New York Times reported that the Democratic Party fundraising company, Authentic Campaigns, previously owned by Judge Merchan’s daughter, Loren Merchan, has been under investigation the past year. Anybody detect the odor of politics? Malicious prosecution, improper judicial conduct.

Many of the political celebrities mentioned above, and probably many not-so-well-known players, must be freaking out as the waves ominously pound the beach and the summer days tick down toward the ill winds of fall. I’m pretty sure that readers and commentors can add some candidates to the list of potential indictments, and perhaps some ops I might have overlooked. (The entire odious Covid-19 affair is partly a separate matter, but that has also commenced a new phase with the guilty plea deal announced days ago by Dr. Fauci’s chief advisor, Dr. David Morens.) Even former President Obama looks boxed-in. He enjoys immunity from actions he took as president, but that immunity prevents him from hiding behind the fifth amendment as a now-private citizen in a court of law. Things are livening up.

Read more …

CNN finds it a juicy story. So they keep running with it.

‘My Guardian and Protector’: Natalie Harp’s Devotion to Trump (CNN)

President Donald Trump’s close aide Natalie Harp expressed her utmost loyalty to him in at least two letters addressed to the president, which were published by The Daily Beast on Thursday amid increased scrutiny of the close aide’s relationship to Trump. “I want things to always be right between us,” Harp wrote in one of the letters, which were printed out and signed. It began with “Dear Mr. President” and concluded with, “With all my heart, Natalie.” Excerpts of one of the letters had previously been published by the New York Times.


Harp’s constant and dedicated presence at Trump’s side has been in the spotlight this week after Democratic Sen. Jon Ossoff mentioned her by name in a now-viral speech attacking Trump. The Georgia senator swiped at the president’s “travel with Natalie on their apparently defenseless flying palace gifted by the Emir of Qatar,” a reference to her joining the president — along with a very limited group of aides — when he secretly boarded a smaller aircraft to leave Turkey due to a threat from Iran in July.

She added in the letter from 2023: “I never want to bring you anything but joy. I’m sorry I lost my focus. You are all that matters to me. I don’t want to ever let you down. Thank you for being my Guardian and Protector in this Life.” In another letter, Harp reminisced about their relationship when she was a host on the conservative One America News Network. “I miss the days when you used to call, during my Talkshow days, and we’d talk about everything and nothing,” Harp wrote. “I want to get back to that synergy. We shouldn’t have to talk about work all the time!!” In the same letter, Harp added: “And please, when I fail, will you tell me? You have the absolute right to cuss me out, if need be, when I deserve it, because no one knows or cares about me more.”

US President Donald Trump and aide Natalie Harp exit Marine One on the Ellipse near the White House on August 16, 2026.


CNN has not independently confirmed that Harp wrote or sent these letters to Trump in 2023. The Daily Beast said the writer Michael Wolff obtained them while he was writing a book about Trump’s 2024 campaign. White House spokesperson Davis Ingle defended Harp in a statement to CNN, saying she is “one of the most loyal and hardest working aides on President Trump’s team.” But White House officials have privately acknowledged in recent days that the sharper, widespread attacks have had the adverse effect of bringing more attention to Harp’s relationship with Trump.

Harp is so close to Trump that she once rode in an SUV trunk to accompany him to a court appearance in New York City in October 2023, CNN reported on Tuesday. There wasn’t room for her in the vehicle, but she insisted that Trump had personally asked her to attend and was determined not to be left behind.

Harp is omnipresent in Trump’s orbit, officials familiar with her role have told CNN. But unlike past staff secretaries and aides to the president — like Trump’s former personal secretary Madeleine Westerhout, who similarly served as the president’s gatekeeper of information during his first term — she doesn’t sit outside the Oval Office, but in it. Harp is with Trump much of the day, sitting in on meetings and in constant communication with him.

She speaks with Trump late into the night about social media posts, the officials said. Harp is also a channel for foreign leaders to try to reach the president and is tasked with contacting people he sees on television. She is someone he will ask to send notes to others when he doesn’t want to reach out directly. Their working relationship is so effective, officials said, because of her total loyalty to the president.

But Harp’s methods have irked senior aides and at times prompted efforts to box her out of the president’s inner circle, according to multiple sources who described her dynamic with Trump. The former television host began working for Trump after crediting him with saving her life. Harp has become a main conduit between the president and the outside world, passing along messages from allies and setting up meetings, typing out Truth Social posts and toting printouts of laudatory articles, all while staying in close physical proximity at all hours of the day.

She is known as the “human printer” — a title she referenced in one of the letters, in which she said Trump “forced me to ‘unplug’” during a trip to Scotland and Ireland. “I didn’t have to be ‘Human Printer.’ I could take time to enjoy good conversation, and still get all my work done at the end of the day. In fact, I even had time to take long morning and evening walks to enjoy each Sunrise and Sunset (though I did forget to eat and sleep!),” she wrote.

Read more …

“…During Investigation of Rape and Sexual Misconduct.”

FBI Seizes Devices Belonging to Eric Swalwell (CTH)

Generally speaking, when the FBI seizes devices it’s usually to bury them and protect affected interests in/around Washington DC. Rarely, if ever, does the confiscation of electronic devices result in any public awareness of the contents – unless the release runs in alignment with the interests of those in Washington DC.


EX. If it was the confiscation of electronic devices deemed adverse to the interest of DC (Donald Trump, Rudy Giuliani, Scott Perry, Mike Lindell, etc.) then the content of those devices is publicly exposed. However, most confiscations are to protect the guilty – therefore they are buried. SEE: Hunter Biden laptop, Huma Abedin laptop, Anthony Weiner cell phones, Hillary Clinton phone(s) and laptops; Awan Brothers laptops (4) and phones; Seth Rich phone and laptop; Jeffrey Epstein, phones, laptops, hard drives; Stephen Craig Paddock phones and laptops, Syed Rizwan Farook/Tashfeen Malik cell phones, Tamerlan and Dzhokhar Tsarnaev phones and laptops; Senator Bob Menendez, phones and laptops etc.

Therefore, accepting things as they are most likely – and not as we would prefer them to be – it is best to think of the recent story as one of protecting the downstream issues from Eric Swalwell, as they are associated during his tenure as a targeting conduit for the House Permanent Select Committee on Intelligence (HPSCI) and later as a Trump impeachment manager and J6 Committee official.

WASHINGTON (AP) — Federal agents seized electronic devices from former Rep. Eric Swalwell and searched his Washington home as part of an investigation into allegations of sexual misconduct by the ex-Democratic congressman from California, according to a person familiar with the matter. Swalwell’s devices were seized at the San Francisco airport on Saturday and agents executed a search warrant at his home a day later, said the person, who was not authorized to publicly discuss an ongoing investigation and spoke on the condition of anonymity.

A message seeking comment was left Thursday with an attorney for Swalwell, who has denied allegations of sexual assault and misconduct. The Daily Mail first reported the seizure of Swalwell’s devices on Thursday. Swalwell announced his resignation from Congress in April following allegations that Swalwell had sexually assaulted a woman twice, including when she worked for him. The San Francisco Chronicle, followed by CNN, first reported the allegations. CNN also reported that three other women alleged various kinds of sexual misconduct by Swalwell, including sending them unsolicited explicit messages or nude photos.

[…] A lawyer representing Lonna Drewes, a California woman who in April said she had been raped in 2018 by Swalwell, said his team was cooperating with all law enforcement agencies investigating the former congressman. “We are encouraged to learn about the escalation of the FBI’s investigation into the allegations against Eric Swalwell,” attorney Arick Fudali said in a statement. (read more)

Read more …

Sarah Anderson. “I’m gonna need a real man to represent my state, not this clown.”

Mirror, Mirror on The Wall: Who Is the Prettiest Politician of Them All? (SA)

(I bet some of you regulars thought I was about to write about Marco Rubio. That’s not what this is about.) Somehow, this story slipped through the cracks a bit when the Free Beacon came out with it in July, but it’s making the rounds this week. I know our own Scott Pinsker mentioned it in passing a few days ago, but I felt it deserved its own standalone article.


Because, as a Georgia resident, I’ll do anything I can to ensure this person is not my senator anymore. So if you had to guess, which prominent political candidate (at the federal level) spends the most on hair and makeup? Maybe it’s Rep. Alexandria Ocasio-Cortez (D-N.Y.)? She might not be the brightest bulb in the box, but she’s a pretty girl who looks put together most of the time. Or maybe it’s Rep. Anna Paulina Luna (R-Fla.)? Another lovely lady who obviously puts a lot of effort into her appearance.

Well, if you guessed it was either of them, you’re wrong. If you guessed it was any woman at all, you’re wrong. The answer is Sen. Jon “Pee-wee Herman” Ossoff (D-Ga.). According to campaign finance records, Ossoff has paid “makeup artist Stephanie Ponder $2,887 for ‘makeup services'” since February. The Free Beacon reports that the most recent payment came in June to the tune of $900. Here’s more:

Ossoff’s four-figure makeup expenditures stand out among federal candidates. The Georgia senator who is running for reelection against Republican Rep. Mike Collins (Ga.), has reported spending more on makeup than any other candidate this year, beating out the likes of far-left Reps. Alexandria Ocasio-Cortez (D., N.Y.) and Rashida Tlaib (D., Mich.). Ocasio-Cortez has spent $1,837.93 on ‘campaign event hair & makeup services’ in 2026, while Tlaib has spent $320 on ‘hair and makeup services.’

The spending also comes as liberal media figures praise the 39-year-old Ossoff’s carefully managed on-camera presence and float him as a prospective 2028 presidential candidate. He’s not only paying big bucks for hair and makeup, but he’s also paying them to a high-profile artist. Ponder has a resume that includes working on The Notebook, Hunger Games, and Remember the Titans. The article also mentions that, “A recent Puck profile asserted that Ossoff ‘has seemingly reinvented himself’ in anticipation of a 2028 presidential bid, adding a ‘beefier physique to his studied, Obama-like cadence.'”

And the media is falling for it, of course. Ezra Klein of the New York Times has pointed out that Ossoff knows how to make himself appear imposing and powerful on TV (I invite Mr. Klein to come to Atlanta and watch these campaign commercials that are in my face constantly because that’s not what I see — I see a weasel). Vogue did an article on his “internet thirst” and called him “an attractive camp counselor.” Queerty reported that “Jon Ossoff & his slutty little glasses are already our summertime political crush” and called him “an attractive version of Atticus Finch.”

All I can say is gag me with a spoon. You can’t see me, but I’m trying not to throw up as I write this. The idea of a man who spends more on hair and makeup than I do — and I love expensive makeup, I must confess — is just gross. I’m gonna need a real man to represent my state, not this clown.

Read more …

Two audio files. Not sure what the difference is.

Wait, What? Trump Was on Michael Cohen’s Radio Show? (Matt Margolis)

Donald Trump spent part of Thursday swapping pleasantries with Michael Cohen, his former “fixer” who then became the left’s favorite anti-Trumper and even testified against the president in court and before Congress. It’s hard to say which is more bizarre: that this interview happened at all, or how warm it was. Part of the sit-down aired Thursday evening on Cohen’s radio show on 77 WABC-AM in New York, with the full interview set to air Sunday. It was an exceptionally friendly affair. Believe it or not, the whole segment played like a reunion special.


Cohen is currently filling in for Andrew Cuomo, who is taking a break from the show for the summer. Apparently, station owner John Catsimatidis, a Trump ally, ran it by the White House. The administration “had no objection,” Catsimatidis told the New York Post, adding that Trump had “expressed empathy” for Cohen. Empathy. For Michael Cohen. Sit with that for a moment.

On the air, Trump told Cohen, “They weaponized you like nobody’s ever been weaponized, like few have been.” He went from empathy to esteem. “I respect the fact that you recanted everything you said,” Trump said. “That’s a big thing that you did.” In a separate interview before the radio segment aired, Cohen told CNN he’d resubmitted a pardon application to the White House after the Biden administration denied his original request, and he hadn’t heard back yet. “I took that same application with the same documentation, and I just rewrote the cover letter removing the name of President Joe Biden and inserting the name President Donald Trump … I do have a receipt,” Cohen said.


Cohen is hardly the first Trump ally to blow up publicly and find his way back into the fold, following Elon Musk and Florida Gov. Ron DeSantis (R-Fla.). He once said he’d “take a bullet” for Trump, before his testimony in Trump’s 2024 trial, on charges of falsifying business records to illegally influence an election, helped secure a 34-count felony conviction that carried no punishment. It’s worth noting that Trump never said a warm word about Cohen before Thursday, though he’d linked to Cohen’s own comments this year about feeling pressured by prosecutors Cohen has spent the past year trashing.

Cohen framed it all as forgiveness in his Substack. “Forgiveness does not mean amnesia,” he wrote. “It is about having the courage to decide that yesterday will no longer dictate tomorrow.” At one point, he even got sentimental. “Boss, remember when I was by your side?” he asked. Cohen now says he only turned on Trump because prosecutors squeezed him. “I felt pressured and coerced to only provide information and testimony that would satisfy the government’s desire to build the cases against and secure a judgment and convictions against President Trump,” he wrote on Substack in January.

That tracks. We know how desperate the Deep State was to stop Trump. Heck, the Biden administration didn’t even try to hide that it was weaponizing the government against Trump.

Read more …

 

 

 


 

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Home Forums Debt Rattle August 22 2026

Viewing 29 posts - 1 through 29 (of 29 total)
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  • #247983

    René Magritte Personal values 1952 • China Rejects US Demand To Back Its Economic Operation Against Iran (ZH) • The Strait of Hormuz Is Repricing the
    [See the full post at: Debt Rattle August 22 2026]

    #247998
    Michael Reid
    Participant

    The Cushion Ran Out: Bessent’s Oil “Mystery” Isn’t One
    By Larry C. Johnson on 21 August 2026

    Scott Bessent says he doesn’t understand why oil is going up. On Thursday, hours after announcing that Washington would keep its naval blockade and hit Iran with the toughest sanctions in history, the Treasury Secretary watched crude climb and told CNBC, “I’m not sure why oil has popped up on this.” He called it a spike he doesn’t understand, and waved it off as noise. Buried in the bafflement is a remarkable assumption: that slapping draconian sanctions on a major oil producer should make oil cheaper. By Friday Brent was near $94, a second straight weekly gain above 5 percent, with Trump promising an “economic D-Day” on Monday.

    There is no mystery. This is a Treasury Secretary watching the wrong gauge. Oil is not priced off sanctions announcements; it is priced off barrels reaching refineries. And the barrels stopped arriving in the quantities the world needs — not this week, but as the inevitable result of a strait that has been shut since February. The only puzzle is why it took until August to bite. The answer is that for five months, the shortage was hidden. Break the supply picture since the February 28 attack into three phases and the “mystery” dissolves.

    Phase 1 — the oil already at sea (February 28 to early April)
    When Hormuz seized up, the oil that fed the world for the next five weeks was already floating toward it. Tankers loaded before the attack kept discharging on schedule, and the in-transit pipeline — millions of barrels between the Gulf and its buyers — emptied onto docks as if nothing had happened. Futures traders saw what was coming and panicked early: WTI leapt from about $67 on February 27 to nearly $99 by March 13, a 47 percent spike in two weeks. But the barrels on the water kept landing, the feared scarcity didn’t show up at the refinery gate, and by early April the last pre-war cargoes had delivered. Then a second cushion arrived.

    Phase 2 — the great drawdown (April to late July)
    This is the phase that lulled Bessent, and evidently still governs his instincts. Staring at a Hormuz closure that removed an estimated 11 to 16 million barrels a day of Gulf supply, governments did exactly what strategic reserves exist for: they opened the tanks.

    The scale was unprecedented. The IEA launched the largest coordinated emergency release in its history — more than 400 million barrels across 32 countries — with the United States alone committing 172 million barrels over a 120-day period out of the Strategic Petroleum Reserve. Together the releases fed roughly 2.5 million barrels a day into the market for about four months. It worked, exactly as long as it could. Prices sagged from the March highs back into the high $70s and low $80s, and the crisis took on the appearance of something survivable. To a casual eye at the Treasury, the war had been absorbed.

    It hadn’t. It had been financed out of a tank with a bottom. The entire 400-million-barrel release amounted to roughly four days of global consumption thrown against a disruption running for months, and the American drawdown ran on a 120-day clock that started in mid-March — set to expire, by arithmetic, right at the end of July. The cushion was never a fix. It was a sedative with a printed expiration date.

    Phase 3 — the bill arrives (August)
    In early August the sedative wore off, and the market felt the shortage for the first time.

    The reserve gauge tells it plainly. The US SPR held about 415 million barrels before the war; it fell to 305 million by the end of July and then under 300 million in August — 298.7 million barrels, the lowest since 1983 — bound for roughly 243 million once the ordered release finishes. And the paper figure flatters it: the GAO found more than a quarter of the reserve can’t even be drawn on account of decayed infrastructure, and what’s gone won’t be replaced until around 2028. The largest tool the world had for hiding the Hormuz hole is spent, with no comparable barrel behind it. Strip away the cushion and price does the only thing left to do — converge on what a shut strait actually implies. That is why crude is surging now, in August, and not in March. Bessent’s sanctions didn’t cause it. They merely arrived at the same moment the reserves stopped covering for them.

    The surprise is the tell
    Set against that timeline, the expectation that sanctions would push oil down is wrong three ways at once.

    Wrong on direction: sanctions on Iran remove barrels — Iranian crude, most of it going to China, is supply — so threatening to choke it off on top of the Hormuz cutoff tightens the balance further. Maximum pressure is a bullish input for oil, full stop. Wrong on variable: no Treasury designation manufactures a barrel of crude. Sanctions can bankrupt a seller; they cannot feed a refinery, and it is refineries that set the price. Wrong on timing: Bessent read the Phase 2 lull as stability, when it was borrowed calm funded out of emergency stocks. Mistaking that for normal is precisely how you end up “surprised” the moment the cushion empties.

    A market that jumps when you sanction an oil producer, during a supply crunch, after the reserves suppressing prices have run dry, is not being mysterious. It is being obvious. The mystery exists only for a man reading the wrong instrument — the same man who, a war earlier, professed not to understand why threatening Iran moves the price of oil.

    What this isn’t
    One qualifier is worth stating plainly — and even it cuts toward the shortage, not away from it. Yes, US commercial crude built in August. But that build is the wrong barrel. What America produces is light sweet shale; what its refineries were built to run is heavy sour. Nearly 70 percent of U.S. refining capacity is optimized for heavier grades — which is why roughly 90 percent of the crude the country imports is heavier than its own shale, and why the Gulf Coast’s cokers and hydrocrackers were built in the first place. Light sweet crude underproduces the middle distillates the economy actually moves on — diesel and jet fuel — and refiners cannot blend their way around the gap. So a shale inventory build is cold comfort: the United States still has to import sour crude to make diesel and jet, and it drained its Strategic Petroleum Reserve at record rates precisely to bridge that mismatch once the war choked off sour barrels. The only clean sense in which the U.S. is better off is the Brent–WTI spread — Brent near $94, WTI near $86 — which shows the sharpest raw-crude scarcity concentrated in Hormuz-dependent Asia and Europe. On the fuels that matter, America is far less insulated than a crude-inventory number makes it look.

    The remainder is risk premium — traders bidding up ahead of Monday, sharpened by Ukrainian strikes on Russian refineries. And Washington’s claim that large volumes still move through the strait is self-reported by an interested party, uncorroborated by independent tracking that shows transit at a fraction of pre-war levels, and discounted here. Every one of these forces pushes the price the same way: up. The caveats change the mechanism. None of them reverses the direction.

    Bottom line
    Bessent’s sanctions did not fail to lower the oil price. They were never going to. For five months the world buried a Hormuz-sized hole in supply under the largest emergency reserve release the IEA has ever run, and for five months Washington could threaten to strangle Iran without paying a visible price for it. That grace period ended in August, when the tanks hit forty-year lows and the shortage finally reached the refineries. The Secretary is “surprised” only because he mistook a borrowed calm for a durable one and keeps looking to his sanctions machinery to explain a number set out on the water. The market isn’t confused. It’s presenting the bill — and the reserve that was quietly paying it is empty.

    #247999
    Michael Reid
    Participant

    The US is a declining great power

    Sergio Gor Statement on Kashmir is Gratitute of a Declining Great Power to India ||PRAVIN SAWHNEY

    #248000
    Michael Reid
    Participant

    Seyed M. Marandi: Trump to Squeeze Iran’s Economy to the Brink—But Tehran Just Doubled Its Arsenal

    #248001
    Michael Reid
    Participant

    Prof. Steve Hanke: Trump’s Economic Warfare on Iran Will Cripple the U.S. Economy (Not Iran’s)

    #248002
    Michael Reid
    Participant

    Mark Sleboda: Iran Goes on the Offensive – The Strategy to Cripple US ‘Maximum Pressure’

    #248003
    Michael Reid
    Participant

    Larry Johnson: Iran Just Flipped the Script: Offensive to Break the Economic Siege

    #248004
    Michael Reid
    Participant

    Pepe Escobar: U.S. Desperation in Iran: Bribing the IRGC—and Preparing for a Nuclear Strike?

    #248005
    zerosum
    Participant

    Someone will be paying the 50% tariffs on Canadian exports to USA.
    Adjustments will be made.

    “Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Prime Minister Mark Carney
    —————–
    Adjustments will be made.
    Once the reserve flow stops, the refinery gate finally feels the missing Gulf barrels.
    Prices jump because the physical shortage is no longer being papered over.

    https://www.unz.com/article/the-cushion-ran-out-bessents-oil-mystery-isnt-one/

    The Cushion Ran Out: Bessent’s Oil “Mystery” Isn’t One
    Larry C. Johnson • August 21, 2026
    ————
    https://simplicius76.substack.com/p/plans-revealed-for-massive-ukrainian

    Plans Revealed for Massive Ukrainian Attacks Against Russian Airports, as Kiev Hit With Another Unstoppable Ballistic Swarm
    Simplicius
    Aug 20, 2026

    ————–
    OVERNIGHT WAR: TPP-6 Damaged, Locomotive Depot Wiped Out, Warehouse Destroyed 💥 MS 2026.08.22


    —————

    #248006
    Dr. D
    Participant

    Btw, remember Cramer saying “sell Bitcoin” right on schedule two weeks ago? BuyBuyBuy.

    Cramer is Goldman Sachs, and I always believe Goldman Sachs. They’re Experts! Trust the Dominant Authority. Especially if they’re over 30.

    “Not pressure. Not sanctions. COLLAPSE.”

    “It’s not this, it’s That!” Says AI, as no human ever touched this post. Blah Blah Blah Bessant. You’re helpless. Against Iran, at least. Go ahead but talk is cheap and inflated talk is even cheaper. Show me. And/Or shut up.

    “ALL ROADS LEAD DIRECTLY TO OBAMA”

    Of course they do. “Everybody knows”. And “Obama” is just the CIA Death Cult Derp State from birth. But there are normie base that either only doesn’t know, knows by osmosis, that they are still barely reaching. That’s annoying, but the democracy of a republic means the government can only do what the people want. So they have to win the PR and the Mob, and break through to get them to want it. Which is more difficult with the Truth than a lie.

    “Our public finances are completely shattered. In fact, we’re BANKRUPT as a state.”

    Okay, but Germany is the Battleship they use, so why did they sink it? Explain what’s happening here? I have my theories, but let’s check them.

    “There are no moderate Muslims. Either they are following the command of Allah to wage Jihad, or they are not Muslim.”

    They say the same with Christians, but it’s not really true. Both ignore it a lot, and widely, and are
    “Christian” if the word has any meaning, probably more in being moderate than being zealous. Turkey for example sure seems pretty Muslim, yet has huge tolerance for all sort of behaviors. As has the Ottoman for centuries, since Islam first existed. The expansion to Spain and Vienna MAY be Islamic, but it’s also a power taking over weaker, nearby powers. Just as non-Christian, non-Muslim Empires do as well. Or tiny tribes.

    So yes, but watch your definitions carefully and don’t get deceived by them. “Islam” is in a mood right now, but that “Mood” was paid for with a trillion dollars over the last 40 years, by the “Christian” (actually satanist) West to MAKE them act this way. On purpose, to kill people. When that’s also the case, what this guy says is perfectly true, but only in the most shallow sense.

    “• China Rejects US Demand To Back Its Economic Operation Against Iran (ZH)

    No kidding. This was already very, very well established months ago, including in Venezuela before that. So why am I seeing this now? Because it’s all a scam, this is not “New”, so China is begin Kayfabe to demonstrate how tough they are and are a peer power? That we’re talking and not dictating? Something like that. Because this was established months ago and isn’t news.

    ““We have asymmetric information, and I’m not sure why oil has popped up on this,” Bessent said.

    He knows because he can see the hidden cards of every nation on the table. He’s just telling you this. I suspect – also because all of these events have ALSO happened, over and over before now – they are having a pre-planned market RAID on Bessant, which they finally got off as best they could. Not bad. Just too small and makes no sense. Like NOW? AFTER all the oil is going through? AFTER prices are $77 for weeks? So now, suddenly, the market is reacting, thinking we’re going to “lose”? Not earlier, but when we’re 80% to winning and being over? Huh? Really?

    Yeah no. This is bullshit raid. It’s a good one. I mean, it happened. But too small, too weak, too illogical. It’s just painting the tape. And by a mere $10 which isn’t even a move.

    “Why aren’t the Iranians attacking more ships transiting the Strait of Hormuz”

    Literally because they can’t? I mean, that’s the only possible solve here, right?

    “This is how confidence collapses. The decline of an empire does not begin when it loses one battle.”

    Do Trump and America LOOK not confident? Despite everything Fox News can invent, we’re actually MORE motivated and MORE pissed off than ever. That means MORE confident that — It ain’t me it’s YOU. You guys are high AF. What are you smoking? We’ve only now STARTED to be pissed off, motivated, working, active, and aware. We’re so massive a 120 foot-long tyrannosaur, it took 20 years to get off the couch.

    There is no further apex #Opposite of “confidence” than this. That it’s not us, we’ve been s–t on, and it’s time to open some whup-ass. That exceeds the very word “Confidence”. It’s like “I don’t even care what happens, we’re coming.”

    “The United States may possess the naval power to escort ships, but it cannot force private capital to ignore risk.”

    Exactly. And that risk is EVERYWHERE BUT HERE, you dip. We WANT private capital to price risk accurately. Then we WIN. They flee Iran, Europe, etc. And come here, as clearly, decisively the LEAST risky in the world, with the MOST potential. China? Hot but tipping over? Europe, with every power plant leveled and shrinking at 8% a year? Russia, tied up and kind of isolated? No, no, and no. A nation with limitless oil and open manufacturing? We’re the only game in town.

    “Nor can it guarantee that mines, drones, missiles, or small boats will never penetrate the security perimeter.”

    And this is different from 5, 10, 20 years ago how? Somali has been doing this for decades. Wars have been in Libya, all over, Venezuela, cartels, worldwide, natively, and with like MI6 holding Malacca and trying to flip Hong Kong. What world do you live in? This is LESS exciting, LESS problematic than a lot of those. That’s been since I dunno, 1910 for Christ sake. Oh it’s reported by Fox News instead of ignored. Much Wow. It’s pretended to be real instead of pretended to be ignored. Much pretend.

    Man, I’m just some joker living under a bridge and I can grasp this better.

    “U.S-Canada Trade War is Now a Reality (CTH) The 50% U.S. tariffs against Canada are now in effect.

    Yay! Now we won’t notice a thing again! Since Canada SELLS to us (or hopes to) every moment this has issues means manufacturing is relocated here and Canada loses forever. We have jobs and well, they can stop this any time they want. Or sell to someone else, that’s fine. But it’s unlikely to affect us at all except for peeling off Alberta. And Saskatchewan, and breaking the nation forever. Blah blah. Ontario dgaf. No other province exists except themselves, sniffing their own butts.
    Meanwhile Mexico is in great shape, making normal deals. Getting rid of the Drug Cartels that Canada is slowly becoming famous for.

    “• AOC for President? It’s Time We Take That Proposition Seriously (Rick Moran)

    Selected, not Elected. She’s an empty as a dim bulb. Has been since her first audition for the part. With the Oligarchs. You can tell since she swapped handlers. So dumb. But they believe it.

    Trump-Cohen Kayfabe. There are levels. Like I remember him talking about this, NYC, and so on, just ad hoc in some interview. And he was like “They should totally position against me, like about me, it wins them points, I understand.” Much approval for the game well-played, the Opposite of thin skin and driven by ego. This is similar: he knows they had Cohen by the balls and were going to prosecute him for nothing if they had to. So he understands why Cohen did. Nothing personal. Then he understands why, once the Fed had him on the hook, Cohen then kept lying, and lying, and lying, slower and slower, bigger and bigger, until he become a completely un-credible witness at all. To anyone, to the American people, although the Feds would believe literally anything if it got their way. So they looked even DUMBER by then. So Cohen – top Jewish, Manhattan lawyer that he is – slimed out of it yet again, punched the Feds in their stupid faces, lived to tell about it, and then a second time, and so on to today. Which, as Trump says, is no hard feelings. Like, who wants to go to jail? Whatever. He’s been shot 99 times, he can understand why Cohen wouldn’t want to try it. Who wouldn’t?

    And so here we are, everything apparently trued up and proven, just like I suspected it was all along. Score. It was PRETTY EASY to see. Just use your head.

    “Robotaxi has been approved for a permit to operate 5,000 fully autonomous vehicles in Las Vegas”

    We’re all going to die. Either from the cars running us over directly, or later on when someone hacks them all. To kill reporters maybe.

    “”never send an organic to do a machine’s job.”

    I heard. It means N-gg—r. Coolie. Peasant. Scum. Thanks, Elon. Actually, “living” is an “Organic’s” job? That’s why we’re here? And inert matter doesn’t have desires, it doesn’t “need” to do anything. It’s pointless.

    The point of life is living it, not pushing economic units around, maybe you’ve forgotten in the fury to pave forests and level mountains, consume all fresh water in concrete industrial server banks, which serve no purpose to any living thing, not even themselves, suicidal as they are.

    A fury, a passion, a MISSION to erase all life and replace it with death, dead, lifeless things, made of rocks and static electricity. And this is #Winning. Progress. That the last living creatures on earth may die.

    “Cybercabs have arrived in Philadelphia”

    Yes, and the parking lot is another s—t hole, once a virgin forest with trees 200 feet high. We’re not fixing the things we have. Probably because there are trees and humans are involved, would be benefited by them. If I had a vision of hell, that from when the first Colonists arrived, it would be this, and is not at all improved with a gold paint job. Even London in 1790 looked better than this.

    He’s going to take this beauty, this wonder, this progress, off to Mars. Well at least that place is already dead and it’s harder to do it any harm. If only he would promise to never come back here.

    #248007
    zerosum
    Participant

    US tariffs are a tax on US consumers ONLY/IF The Canadian mfg does not absorb the tariffs.

    #248008
    zerosum
    Participant

    US planning counter measures of Canadian “dollar for dollar”

    (best … Drop all tariffs. Heheheh)

    #248009
    zerosum
    Participant


    Here is the accusation/charge.

    Benjamin Netanyahu and Afek Moskovitch are being tried on charges of “Crimes Against Humanity”, “Genocide”, “Deprivation of Liberty of a Qualified Person”, “Intentional Injury”, “Torture”, “Damage to Property”, “Qualified Plunder”, and “Hijacking of Transport Vehicles” in connection with the armed intervention against civilians delivering humanitarian aid to Gaza in international waters and the detention of activists.

    What is the punishment?
    Who will administer the punishment?
    When will the punishment be administered?

    #248019
    John Day
    Participant

    That row of Philly cybercabs look like something out of Goldfinger, like when they spray-painted the girl in the bikini gold to kill her. ;-(

    #248020
    Michael Reid
    Participant

    IRAN CONTINUES FIRING ANTI-SHIP MISSILES IN HORMUZ!

    #248021
    Michael Reid
    Participant

    Richard Wolff: The Decline of the U.S. Empire Is Accelerating Fast

    #248022
    Michael Reid
    Participant

    Deterrence Psychopathy Highjacks Europe—It’s Getting Worse | Cdre. Steve Jermy

    #248023
    Michael Reid
    Participant

    Because Iran doesn’t have a nuclear weapon Trump and Hegseth are openly discussion nuking Iran. Trump used to laugh about Kim Jong Un, calling him Little Rocketman, but North Korea has a nuclear weapon and he isn’t laughing now

    #248024
    Michael Reid
    Participant

    I am an Imran Khan man

    #248025
    Michael Reid
    Participant

    #248026
    Michael Reid
    Participant

    Trump & Israel PANIC, Iran Nuke IMMINENT as F-35 EMERGENCY Erupts | Elijah Magnier

    #248027
    Michael Reid
    Participant

    #248028
    Michael Reid
    Participant

    #248029
    Michael Reid
    Participant

    Russia Pounds Odessa Encircles Dobropilia Strikes Kiev Again; Ukraine Hyperinflation Fears Return

    #248030
    Michael Reid
    Participant
    #248031
    Michael Reid
    Participant

    World War Three is NOT coming, BUT . . .

    #248032
    zerosum
    Participant

    50% tariffs … $ for $
    Everything else → imports collapse → almost no tariff income.

    ————
    The U.S. tariff list targeted Canadian export to US

    Next
    Canada makes a list for US to pay tariffs – What they must buy, no alternative
    —————
    Answer from Claude

    Canadian exports to the US where the US has no real alternative (Canada’s leverage):

    Potash — Canada supplies roughly 80-88% of US potash imports (some estimates put it as high as 90%+ for the portion the US doesn’t produce domestically), all of it essentially from one place: Saskatchewan. The next-largest alternative is Russia/Belarus, which covers under 10% of US needs and carries its own sanctions complications. US domestic reserves exist but can’t scale fast — this is why Washington added potash to its Critical Minerals List in March 2025, acknowledging the vulnerability plainly, with alternative suppliers, primarily Russia, covering only about 9% of U.S. potash imports. American agriculture has no quick substitute.
    Crude oil — Canada supplies roughly 60% of US crude oil imports, much of it heavy crude feeding specific Midwest refineries that were built for heavy Canadian crude and don’t run right on anything else. Switching crude grades isn’t a paperwork exercise — it requires refinery retooling.
    Substack
    Uranium — Canada produces about 24% of the world’s uranium, ranking second only to Kazakhstan, and American reactors sourced 33% of their uranium from Canada in 2024, more than from any other foreign supplier. With AI-driven power demand reviving nuclear buildout, this dependency is tightening, not loosening.
    Nickel — Canada supplies roughly half of US nickel needs, used in jet engines, armor plating, and missile guidance systems, with the only real alternative supply chains running through China — which the US is simultaneously trying to de-risk from.
    Aluminum and hydroelectric power sold directly into US grids round out the list — both hard to substitute on short notice given transmission infrastructure and smelting capacity constraints.

    Notably, Ottawa’s actual retaliation list (steel, dairy, appliances, ag equipment, paper, electronics) deliberately avoids most of this — Carney has kept oil, gas, uranium, potash, and electricity off the table so far, which suggests Canada is holding this leverage in reserve rather than deploying it, possibly to keep some room for de-escalation or because cutting them would hurt Canadian producers too (the pain runs both ways on true inelastic-demand goods).

    US exports to Canada where Canada has no real alternative (much thinner list):

    This side is structurally weaker for the US, and the numbers show why: Canada’s merchandise import trade is less dependent on the United States than is true for Canada’s merchandise export trade — Canada has spent years diversifying import sources. Where genuine US-specific dependence exists, it’s narrower:

    Specialized machinery, agricultural equipment, and certain pharmaceuticals — flagged as vulnerability points where Canada relies on a small number of foreign suppliers, making it more vulnerable to export embargoes or export taxes — but this is supplier concentration generally (sometimes Taiwan, Germany, or elsewhere), not exclusively US concentration.
    Fraser Institute
    Semiconductors and specific defense/aerospace components — Canada doesn’t have domestic chip fabrication at scale, but its actual dependency here runs more through Taiwan than the US specifically, so tariffing US semiconductor exports wouldn’t hit an irreplaceable choke point the way potash or uranium do in reverse.
    Some agricultural inputs and refined fuel products near the border, where logistics (pipeline routing, refinery proximity) create soft lock-in rather than hard “no alternative” dependency.

    Bottom line: the “no alternative” test cuts heavily in Canada’s favor on the export side — potash and uranium in particular are near-textbook cases of inelastic demand where a tariff functions as pure revenue extraction rather than trade destruction. On the import side, Canada is comparatively diversified, so there isn’t a mirror-image list of similar weight; Canada’s retaliatory options that would genuinely bite the US the way potash/uranium would bite back are mostly things Canada has so far kept off the table.

    #248033
    Michael Reid
    Participant

    Iran deployed new offensive, defensive systems during recent war: Acting defense minister
    Saturday, 22 August 2026 1:48 PM [ Last Update: Saturday, 22 August 2026 1:48 PM ]

    https://www.presstv.co.uk/Detail/2026/08/22/774858/New-offensive,-defensive-systems-deployed-under-wartime-defense-ministry

    #248047

    High Summer (a Debt Rattle interlude)

    The wet cascade from the paddle blade when it rises from the glass,
    Makes a lovely sound as I head outbound from my campsite in the grass.
    While the rising mist gets a golden kiss from the early morning sun,
    I will make my way on this splendid day for adventures just begun.

    © 2025

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