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our mission: to widen the scope of financial, economic and political information available to the professional investing public. to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become. to liberate oppressed knowledge. to provide analysis uninhibited by political constraint. to facilitate information's unending quest for freedom.

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UK Extends COVID Lockdown By 4 Weeks Over Fears About “Delta” Mutant

Update (1310ET): British President Boris Johnson has expanded the UK's controversial COVID-19 lockdown by another four weeks Monday, citing concerns about the "Delta" COVID mutant that first emerged from India. The PM said the delay would allow British adults more time to get vaccinated."It's sensible to wait just a little longer," the PM said as he claimed that the government is concerned that the link between COVID and hospitalizations "hasn't been severed."The UK's remaining lockdown...

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Bombs In Paradise: How Hawaii Is Fast Becoming The Most Militarized Place On Earth

Authored by Brad Wolf via WorldBeyondWar.org,The United States Army plans to build an enormous weapons facility storing stockpiles of conventional warheads and explosives right next to the residential housing communities of Ewa Beach, Ewa Villages, West Loch Estates, and Ewa Gentry, as well as beside the Pearl Harbor National Wildlife Refuge in Hawaii. This Pacific island paradise already has the largest concentration of United States military bases and compounds in the country, making it one...

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As G7 Communique Waters Down China Abuses, White House Preempts With Separate Statement

It appears the final G-7 communique on China was a bit watered down for Washington's taste, after it become clear the Biden administration hoped to make the summit in Cornwall focused on China China China! ...but the uncomfortable irony that remains is that the very parties at the G-7 table that are most reliant on Chinese trade (Europe) have proven themselves least willing to crack down on Beijing's reach and influence. A clearly softened (compared to US rhetoric of late) official communique...

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“Discrimination At The Hands Of Their Government”: Another Federal Court Has Halted A Racially-Biased Federal Relief Program

Authored by Jonathan Turley,President Joe Biden is facing an embarrassing and growing problem as he continues to declare his focus on ending racial discrimination: another federal court appears close to ruling that his Administration is engaging in raw racial discrimination. Milwaukee District Judge William Griesbach issued a temporary restraining order in Wisconsin halting Biden’s controversial $4 billion race-based federal relief program for farmers.  The awarding of relief based on race...

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The Fed’s Punchbowl Is Overflowing Into Money Markets: What Happens Next

Last Wednesday, when the Fed's reverse repo facility hit just shy of half a trillion dollars (it has since risen to a new record $547.8BN), we said that "Wall Street Scrambles To Figure Out What Comes Next" in which we showed that while some banks expect the Fed to hike its IOER and Reverse Repo rates (such as BofA, JPM and Wrightson ICAP), others see the Fed standing pat again (Jefferies, Credit Suisse and BMO), a case bolstered by the WSJ's Fed whisperer, Michael Darby, who suggested that...

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Top US General Warns China Increasing Military At “Serious And Sustained Rate”

By Jack Phillips of The Epoch TimesThe top U.S. general warned Thursday that the Chinese regime is increasing its military capacity at a “very serious and sustained rate” and said it could pose a threat to worldwide stability and peace.Army General Mark Milley, chairman of the Joint Chiefs of Staff, said that it’s necessary the United States “retain our competitive and technological edge” over the Chinese Communist Party (CCP), which comes after President Joe Biden and Pentagon chief Lloyd...

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From HCQ To Hunter’s Laptop: Trump Shreds Democrats Over Vindicated Bombshells

Former President Trump trolled Democrats this weekend, releasing a list of claims he says he's been vindicated over.The statement reads:Statement by Donald J. Trump, 45th President of the United States of AmericaHave you noticed that they are now admitting I was right about everything they lied about before the election?Hydroxychloroquine worksThe Virus came from a Chinese labHunter Biden's laptop was realLafayette Square was not cleared for a photo opThe "Russian Bounties" story was fakeWe...

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Morgan Stanley: This Is The Biggest Paradigm Shift In Global Macro In The Past Three Years

By Chetan Ahya, Morgan Stanley's Chief Economist and Global Head of EconomicsThe Paradigm ShiftAt a recent group dinner, I was asked to identify the most significant development in global macro I had witnessed during my three-year stint in New York. I expect that many people would point to the pandemic and the structural changes it has brought to the ways we work and live. But I think the bigger story is how the pandemic has triggered a paradigm shift in how corporate profits and wages will...

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Judge Tosses Texas Hospital Workers’ Vaccine Lawsuit

A Texas judge tossed out a lawsuit brought by 117 Houston Methodist hospital employees who sought to block the hospital system's requirement that all employees receive COVID-19 vaccinations or face suspension and/or termination. The exterior of a Houston Methodist hospital in Texas, on June 9, 2021. (Brandon Bell/Getty Images)The move comes after the hospital suspended 178 employees without pay last week over their refusal to get vaccinated - 117 of which sued to overturn the requirement.US...

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Beijing’s Useful Idiots

Authored by Ian Birrell via UnHerd (emphasis ours),Just over a year ago, I stumbled across an intriguing scientific paper. It suggested the pandemic that was ripping around the world was “uniquely adapted to infect humans”; it was “not typical of a normal zoonotic infection” since it first appeared with “exceptional” ability to enter human cells. The author of the paper, Nikolai Petrovsky, was frank about the disease when we spoke back then, saying its adaptability was either “a remarkable...

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