Authored by Mark Jeftovic via BombThrower.com,

“Blue Horseshoe Loves Gold and Bitcoin”

Suddenly the likes of Goldman and  JP Morgan are talking about this and the mainstream press are framing it as “the so-called Debasement Trade”

Bitcoiners, of course, have been talking about this for, well since the beginning.

Except, it’s not a “trade.”

The trade du jour lasts for a couple weeks or a few months – then it starts getting referred to as “a crowded trade” and then some new theme emerges and all the hot-money rotates into that.

Less than two weeks ago a finance guru I’m aware of (I won’t name him) sold 90% of his Bitcoin and crypto positions (via IBIT and ETH) “due to bearish MACD crosses and support breaks”. 

Bitcoin has since run to successive new ATHs.

As I’ve long said, Bitcoin isn’t a trade and trying to time it with chart patterns generally does not work. (I’ve never really felt like technical analysis carried much real predictive edge in general and when it comes to BTC, I’ve seen too many failed “death crosses” to change my opinion).

It’s a monetary regime change – if market participants are trading anything it’s getting rid of a currency (“it’s the denominator, stupid”) for a store of value – and we’re seeing it in spades with Bitcoin and gold:

what do you call this pic.twitter.com/qiWgG0bcGk

— Mark E. Jeftovic (@MarkJeftovic) October 6, 2025

To be fair to that finance influencer, I don’t follow him enough to know if he maintains separate core Bitcoin stack in self-custody, and these moves are just referring to his trading activities, as distinct from long term holds. He apparently rotated into TSLA and silver. He’s also since followed up, acknowledging that Bitcoin ran to fresh highs, but he still expects a 40% to 50% decline in cryptos over the next year because of that MACD crossover. That said, he sold his TSLA and went back into Bitcoin (which has since dropped about $4K  )

I don’t know if he’ll be proven right or wrong about a 50% drop  – what I do know, and something I found out the hard way right when I was about to launch The Bitcoin Capitalist Letter, was that trying to pick the intermediate tops and bottoms when it came to Bitcoin was a fool’s errand.

You end up getting whipsawed. It sure looks like I’m watching it happen to this guy right now.

The advice I’ve been giving to my subscribers over the years, both for Bitcoin and the stocks we hold in our portfolio has always been:

• Don’t try to time or trade the intermediate tops

• Whenever Bitcoin (or one of our holdings drops) we ask ourselves:

  • Is the underlying thesis intact?

  • If yes: the only decision is whether to buy more or hold through

  • If no: then you exit the position, at the moment your thesis is invalidated, regardless of the price.

• Beyond that – exit when your own personal financial goals are met.

That’s it,  basically the entire Bitcoin Capitalist playbook right here 

What got me thinking about all this today was all these headlines we’ve been seeing lately about “The Debasement Trade”.

This has been so obvious to Bitcoiners (and before that, goldbugs), for so long, that I didn’t really “clue in” to the fact that our entire long-term thesis is finally in the process of being mainstreamed right now.

Mainstream establishment analyst wakes up to what we have been talking about for 5 years. In fact, some of us even wrote books about it! @elerianm (had to do a screen shot because he blocked me). Proof that the elites are late and are not even here yet. pic.twitter.com/oxxOKClRpi

— Lawrence Lepard, “fix the money, fix the world” (@LawrenceLepard) October 2, 2025

Gold and BTC hitting all-time highs together is sending a signal.

Bond yields going up even though central banks are cutting rates, is sending a signal.

Stonks are hitting levels that make the .com bubble look like a bombed-out value play.

Why?

Because these aren’t trades anymore.

It’s capital flight.

*  *  *

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Axios last week reported that President Trump recently told Prime Minister Benjamin Netanyahu to stop being so “f*cking negative” and “take the win” after Hamas voiced its initial agreement to free the 48 remaining hostages (both dead and alive) as part of the US 20-point peace plan for Gaza.

However, in more recent remarks Trump has denied ever saying this, or clashing with the Israeli leader on the pending agreement. “No, it’s not true. He’s been very positive on the deal,” Trump said of Netanyahu.

Asked specifically whether he has any red lines for Hamas in new round of negotiations that kicked off Monday in Egypt, Trump told reporters in the Oval Office that he does: “If certain things aren’t met, we’re not going to do it,” he said.

Commenting on the potential for private vs. public friction further, Israeli media concludes the following:

Trump at times has avoided criticizing Netanyahu in public, even as reports have mounted about his private frustration with the Israeli premier, including during a tense phone call last week in which the Axios news site reported the US president responded angrily when Netanyahu said Hamas’s ambivalent response was “nothing to celebrate.”

US envoy Steve Witkoff is in Egypt joining the talks Wednesday, as is Trump’s son-in-law and adviser Jared Kushner, and Erdogan too has sent Turkish officials, which may amount to too many cooks in the kitchen. The Turkish delegation is led by spy chief Ibrahim Kalin. 

Top Hamas leader Taher al-Nunu has offered a generally positive assessment of where thing stand so far. “The mediators are making great efforts to remove any obstacles to the implementation of the ceasefire, and a spirit of optimism prevails among all parties,” he said.

The two warring sides have exchanges lists of Israeli captives and Palestinian prisoners to be released in the major swap. But even if this is agreed to, the question of ending the war, and a future Gaza where Hamas is disarmed, remains a big open one.

The Egyptians and Qataris have signaled from the start that there isn’t enough in the plan for Hamas. People need to step back and recognize that on the core issues, the sides are as apart as they have ever been regardless of Pres Trump’s pressure. https://t.co/GkJgkYo9s0

— Steven A. Cook (@stevenacook) October 7, 2025

In Tuesday comments in the Oval Office, Trump said “So the primary guarantee is, once this deal happens, if it does happen — look, they’re in negotiations right now.”

“We are going to do everything possible. We have a lot of power, and we’re going to do everything possible to make sure everybody adheres to the deal,” he added. However, it’s notable that Trump stopped short of explicitly vowing that Israel would be barred from resuming military operations. For now, media reports say “progress” is being made in 

Authored by Jeremy Portnoy via RealClearInvestigations,

Topline: Overtime pay is meant for employees working more than eight hours per day, but the Illinois Department of Corrections has found a way to circumvent that rule. Employees are using paid time off to stay home during work hours and then coming in later the same day to work overtime, according to a report from the state auditor released on Sept. 23. 

Key facts: Employees are more than happy to gain extra overtime hours and earn 1.5 times their regular salary, but the practice of “shift swapping” violates the Department of Corrections’ training manual, in the opinion of the state auditor. The department gets billed for overtime twice: first to pay an officer to cover for the employee on paid leave, and then again when the employee on leave returns later in the day. 

Auditors reviewed the 20 highest overtime earners from two of Illinois’ largest prisons. They found 150 times where an employee used an entire days’ worth of paid leave and also worked overtime the same day. 

The audit says that the Department of Corrections spent $151.7 million paying for nearly 3 million hours of overtime in 2024, but it’s unknown how much money individual employees earned in overtime. The audit does not specify, and the Illinois Comptroller did not separate base salary from overtime earnings in response to Open the Books’ open records request for employee compensation. 

Open the Books’ records do show that the highest-paid employee in the Corrections Department last year was Jermiagh Daly, who made $360,790. Another 107 people made more than $200,000. 

Search all federal, state and local salaries and vendor spending with the world’s largest government spending database at OpenTheBooks.com.  

Supporting quote: The Department of Corrections disagreed that shift swapping violates state policy because they are required to find volunteers for overtime hours before forcing any other employee to work overtime.  Otherwise, it would be a “violation of the collective bargaining agreement and would result in a higher cost to the State,” the department claimed in its response to the audit. 

Summary: Private companies can pay their employees however they like, but the government has a responsibility to field a workforce that is the most efficient for the taxpayers it serves. 

The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com 

By Michael Every of Rabobank

The RBNZ cut the OCR 50bps to 2.50% vs. 25bps expectations but in-line with our forecast. Notably, the RBNZ said they are “open to further reductions as required” and we are now forecasting a further 25bp cut to 2.25% in November. Some of the Bank’s comments also raise an eyebrow: “Domestic inflationary pressures have continued to moderate as projected, giving the Committee more confidence that inflationary pressures are contained. Global inflation has continued to decline through 2025. Inflation is especially low throughout Asia, and negative in China. Headline inflation in the US has increased, but evidence suggests that pass-through of tariffs to consumer prices has so far been weaker than expected. To date, there is little evidence of a material impact of tariffs on the prices of New Zealand’s imports or exports.” They’re right on Asia, if one overlooks food prices; the jury is out on the US, but they are echoing Fed new-boy Miran; and NZ hasn’t imposed any tariffs and a tariff on its exports couldn’t be inflationary for them anyway.

The EU raised steel tariffs to a Trumpian 50% level over a sharply reduced quota threshold as Bloomberg notes “The EU is trying to convince the US to lower its rate for EU steel and jointly target China instead, with the EU industry commissioner saying the EU shares the same industrial agenda as the US.” Yet does the US care as long as Europe already echoes its tariffs vs China?

In broader geoeconomics, US lawmakers are pushing to expanded chip export curbs on China, where a bipartisan Congressional panel just urged widened controls on chip tools and tighter coordination with US allies amid fears that the Trump White House is easing tech limits (SCMP). Will Europe belatedly follow suite on that front too in the areas it contributes to chipmaking?

It’s argued the US, in allowing preferential tariff access for some African countries to expire, is “pushing Africa further into China’s orbit’ (SCMP) – albeit as importers from it not exporters to it, at least not of textiles anyway.

Moreover, the Business Standard notes ‘From oil to pistachios: How barter trade is reshaping global commerce.’ That’s a dollar-priced but dollar-dodging scheme referred to here for years now, and underlined by recent Bloomberg exposes on how China is buying oil and metals from Iran in exchange for construction contracts and cars. Sanctions can’t do anything about it: stronger economic, or non-economic, statecraft tools would be required from the US. Relatedly, China is adding 11 new oil reserve sites in 2025 and 2026 – “because markets” obviously.

That’s as Congress also urged the White House to preserve stability in the Indo-Pacific and to “curb China’s Taiwan game plan”; the New York Times reports that Washington law firm Williams & Connolly was hacked by China as part of a larger campaign aimed at US law firms; Ukraine said it expects to get a slow drip of US Tomahawk missiles that won’t be used for deep strikes yet, but the longer Russia refuses to come to the table, the more they will get and the further into Russia they will be allowed to hit; National review warns ‘Brazil’s Leftist President Is Giving China a Foothold in America’s Backyard’; and Indian PM Modi praises Putin at the start of UK PM Starmer’s state visit, which Bloomberg describes as an “awkward note.”

50-50 is one way to read the news from the Middle East, where the Israeli PM’s office reports progress in cautious optimism over talks with Hamas, but some sources have it that the group is refusing to release hostages first as per the deal’s terms, insisting on Israeli withdrawal beforehand, and has named prisoners it demands released in exchange which Israel can’t accept.

Regardless, the Financial Times’ op-ed from Martin Wolf, based on somebody else’s work, argues ‘Trump’s tariffs won’t deliver many jobs’ as “Nostalgia is not a strategy: the past cannot return.” Ironically, as national security concerns soar, it’s the recent free trade past that likely can’t return for neoliberal/neoclassical thinkers who can ‘prove’ how few jobs balance on the head of any policy pin that pricks their ideological bubble.

Indeed, the op-ed ignores key arguments in a contested intellectual space: there are second and third order effects static models don’t capture; onshoring via automation (as with US firm Sharpie) is an economic benefit; and countries who successfully employed neomercantilism (not all, to be clear) gained jobs. Yet nostalgia for “because markets!” in the FT op-ed page lingers given it promised, but months later still can’t deliver, an alternative way to structure the global economy that doesn’t have what it admits are vast, destabilising imbalances in trade and capital flows, and in equality.

On which note, in the US, there is still no light at the end of the tunnel regarding the government shutdown, but Congress seems united against Trump’s shutdown back-pay threat that nobody will get the cash for days work missed so far.

As even a former French prime minister calls on President Macron to quit to end France’s crisis, which would trigger a presidential election that opposition leader Le Pen currently couldn’t contest as she is still in a court battle on that front, a possible way out being floated is France abandoning its planned pension reforms to placate socialists in parliament. Yet would that risk swapping a political crisis for a financial one? ‘What is happening in France may not stay in France, from Mohammad El-Erian, again in the FT, argues “Bond markets are losing patience with political paralysis.”

Yet ECB President Lagarde just re-upped her June argument that the Euro must become a key global reserve currency – right as Europe hits a major political crisis; is in a geopolitical one; is debating using Russia’s frozen FX reserves for Ukraine, scaring off Global South capital; sees whispers of (further) ECB intervention in bond markets; and has adopted a 50% steel tariff. “We are innocent bystanders of policy decisions made in Washington and of portfolio allocation decisions made worldwide, which we don’t have much influence over,” Lagarde said in Paris. “It is not a sustainable position. We cannot remain a passive safe haven, absorbing the shocks created elsewhere. We need to be a currency that shapes its own destiny.” There would be global agreement on the “bystanders” part, not so much on the rest – or at least not without actions that run counter to all Europe’s liberal world order instincts. What odds will the market give of Lagarde succeeding in making a European currency matter globally again in a contested geopolitical environment: 50-1?

Over the Channel, Tory party Shadow Justice Secretary Jenrick is “accused of fuelling ‘toxic nationalism’ with Birmingham claims”, says the Guardian; yet ‘Grassroots Tories want pact with Reform, poll finds’, claims the Telegraph. Ceteris paribus, that would deliver around 50% of the UK vote, all but guaranteeing a Farage-led government with a large working majority. Then what? That’s still a hypothetical for now, but one markets may start to take more seriously ahead.

In the meantime, Adam Tooze is arguing ‘Britain needs a ‘whatever it takes’ moment’. Yet if the BOE goes MMT with markets in this mood, and with the UK running a vast trade deficit, how does that pan out for Sterling and the long end of the curve? Or, if the whole yield curve is ‘whatever it taken’ by the BOE, just for Sterling? Indeed, how does such a radical policy step work without a matching UK industrial policy and tariffs, which in turn requires an energy policy and an overarching geopolitical strategy re: trade blocs, etc? One sees why Martin Wolf prefers his own patent brand of nostalgia – it’s far easier to digest.

In the era of artificial intelligence, water availability is poised to become a top concern for developers, just as low-cost, reliable electricity and grid connection delays have become significant issues. These data centers consume massive quantities of water daily to cool next-generation AI servers that, with each new chatbot iteration, demand increasing amounts of power. This rising energy demand has rendered open-air cooling systems obsolete, pushing liquid cooling technologies to the forefront.

We first identified the stunning water consumption problem of data centers at the start of the year, as well as penned a note over the summer about a “chilling opportunity” in data center liquid cooling after UBS forecasted that thermal loads could exceed 200kW to 1,000 kW per rack by the end of the decade. This means air cooling is quickly becoming obsolete as new chatbots demand higher compute power, and therefore more advanced AI chips, driving higher demand for liquid cooling technologies.

The pace of data center development is accelerating, as we previously pointed out in our discussion of the “circular economy” of AI, calling it, quite aptly, a stunning “circle jerk“… 

… that has ushered in an unprecedented era of Big Tech CapEx to build out AI infrastructure. 

Notably, data centers are surpassing office construction spending and are coming under increased scrutiny for their impact on power grids and rising electricity costs.

Now that the backdrop has been explained, and data center buildouts are set to continue for years to come, ZeroHedge readers have already been well-informed about the urgent need for power grid upgrades. The other critical resource needed to keep these data centers running is the availability of fresh water for cooling.

Already, many data center developers tend to choose sites with low energy costs, even in drought-prone regions, intensifying stress on local water tables. 

Stanford hydrologist Newsha Ajami told The New York Times that “water is an afterthought” for Big Tech firms building out data centers, which rely on local governments to solve shortages later.

As we mentioned earlier, every new iteration of a chatbot involves the need for more and more compute, that forces data centers to source the latest and greatest AI chips, in turn, means server racks demand higher and higher power consumption, with air cool technoligies no longer able to do the job, liquid cooling is in high demand and will be well into the 2030s. 

This growing demand for water has already strained local water tables across various communities nationwide, like in Texas, Arizona, and Colorado. The NYT noted that data center expansion has been linked to localized droughts and new battles over water rights. 

NYT interviewed Beverly Morris in Newton County, Ga, whose well ran dry after Meta broke ground on a $750 million data center. Morris’ home is located about 1,000 feet from the new data center. 

This leaves us with a Morgan Stanley report that forecasts AI data centers will consume around 1,068 billion liters of water annually by 2028, an 11 times increase from 2024 levels. 

Stunning. 

“Water is as critical to AI as power – and while solutions to manage water consumption are already emerging, this remains an underappreciated theme,” a team of MS analysts led by Ehsernta Fu wrote to clients early last month. 

Where are the data centers?

The key takeaways of the report reveal that water consumption and its impact on local water tables will become a major point of debate. If people are already up in arms over soaring utility bills, just give it a few more years and water shortages will almost certainly be the next issue everyone is talking about:

AI’s Expanding Water Consumption Footprint. We expect AI data centers to drive annual water consumption for cooling and electricity generation to approximately 1,068 billion liters by 2028 (our base case) – an 11x increase from 2024 estimates (which equates to a more than eightfold increase in power demand). While the water consumption by data center cooling is well-recognized, its indirect consumption via electricity generation is significant but underappreciated. Beyond direct operations, AI’s’ scope 3′ water footprint includes semiconductor manufacturing, where facilities can consume up to five million gallons of ultrapure water daily, underscoring the industry’s reliance on water-intensive processes.

Water consumption is an evolving topic, whereas our estimates depend on assumptions around water consumption factors, water intensity, penetration of cooling technologies, and regional energy mix, etc., all of which may shift as operations adopt more efficient solutions in future. To account for this uncertainty, we present three scenarios factoring in different levels of assumptions. Under these scenarios, AI’s water consumption could range between 637bn liters to 1,485bn liters per annum by 2028e.

Water Stress is a Localized Risk. While AI’s total water use may appear modest on a global scale, its impact is highly localized. Over half of the world’s leading data center hubs are situated in regions already facing ‘medium basin physical risk’. These vulnerabilities are mirrored in secondary markets and growth pipelines. The recent example of Tucson, Arizona’s rejection of Amazon-backed Project Blue shows that governments at all levels are intervening to safeguard water resources.

Regulatory Landscape: From Restrictions to Incentives. The regulatory landscape is evolving from reactive restrictions to proactive incentives and standards. Jurisdictions such as California, Singapore, and the EU are introducing tax credits, disclosure mandates, and performance benchmarks to promote water-efficient technologies

Investment Framework for AI Water Consumption. For investors, this underappreciated theme presents three strategic avenues:

1. Investing in Enablers: This includes liquid cooling solutions for AI hardware, as well as water recycling and treatment technologies. We identify 17 stocks (of which 9 are OW-rated), including AVC, Vertiv, Johnson Controls and Toray Industries.

2. Renewable Energy Players: These offer indirect exposure to the reduction of off- site water consumption via electricity generation. We screened 54 stocks with ≥50% revenue/capex exposure (of which 21 are OW-rated).

3. Companies with Strong Water Stewardship: We identify key indicators by hyperscalers or semiconductor foundries to assist investors in gauging companies’ water stewardship.

Already, data center electricity consumption on outdated and fragile grids has sent power bills soaring, especially across the Mid-Atlantic area. What residents in these areas must also understand is that these resource-hungry AI server racks powering chatbots are now coming for the fresh water beneath their land. 

Developers are already reporting that water availability is slowing down buildouts. At the top of the list is local power constraints. 

This might usher in an era of localized resource wars. 

ZeroHedge Pro Subs can access the full Morgan Stanley note – complete with over 40 detailed exhibits and charts – in the usual place.

*  *  *

The Kremlin has expressed its view Wednesday that the positive momentum created in the wake of the August 15 meeting in Alaska between Presidents Trump and Putin has waned and come to an end.

Deputy Foreign Minister Sergey Ryabkov has stated bluntly that this momentum has now run out. His fresh words indicated Moscow’s point of view that positive advancement toward peace and good-will was “largely exhausted”.

According to Ryabkov, the “strong drive” to reach a resolution to the Ukraine conflict was undermined by Russia’s adversaries especially in Europe, which are currently “pushing for a war to the last Ukrainian.“

The talks in Anchorage did not produce a major breakthrough; however, both leaders at the time described them as productive with the White House saying the meeting offered “a glimmer of hope for lasting peace.”

Ryabkov Wednesday continued by saying “This is the result of the destructive actions primarily by Europeans, which we speak about openly and directly.”

Newsweek draws the following observation, calling this a significant blow for Trump:

The remarks are a blow for Trump, who has tried mostly through diplomatic means to bring an end to Russia’s ongoing invasion. He has directly engaged with Putin, despite concerns from Kyiv and NATO allies about perceptions that Moscow was being rewarded for its aggression after its years-long isolation by the West. Most of Europe wants to take a hard line on Russia.

But the Kremlin has also put some blame on Washington as well, particularly in the wake of the White House indicating it’s actually mulling the approval of long-range Tomahawk missiles for Ukraine.

Trump has said he has “sort of made a decision” while decrying escalation – seen by many as an indicator that he’s leaning against sending the missiles.

Russian Foreign Ministry: The possibility of ending the war in Ukraine, which emerged after the meeting between Trump and Putin, has been exhausted. pic.twitter.com/QznJ18P1Fq

— Polymarket Intel (@PolymarketIntel) October 8, 2025

Ryabkov said of this matter in his comments that such a move “would mark a significant, one might even say qualitative, change in the situation,” but still asserted that this wouldn’t impact Russia’s “determination to achieve our stated goals.”

“I hope that those who are pushing Washington toward such decisions fully understand the gravity and depth of the potential consequences,” the deputy foreign minister told state media. “We, of course, call on the US leadership and the American military to approach this situation soberly, sensibly and responsibly.”

Authored by Steve Watson via Modernity.news,

In a recent segment on his “Uncensored” show, host Piers Morgan engaged in a heated debate with Democrat Jolanda Jones, who laughably attempted to argue that Donald Trump’s 2024 victory lacked a mandate.

The exchange, which has since gone viral, serves as a stark illustration of how the left, blinded by Trump Derangement Syndrome, struggle to maintain coherent arguments against the President, in the face of his undeniable successes.

Morgan began the discussion by challenging Jones’s agreement with former Vice President Kamala Harris’s assertion that Trump’s win was not a mandate. “Kamala Harris is completely and utterly delusional,” Morgan declared, referencing Harris’s claim that the 2024 contest was “the closest presidential race in the 21st century.”

Kamala: “2024 was the closest race of the century!! HE HAS NO MANDATE!!! NOT A MANDATE!!!! NO MANDATE!!” pic.twitter.com/Pf1nHsH3f2

— End Wokeness (@EndWokeness) October 5, 2025

Don’t let facts get in the way of her feelings.

— End Wokeness (@EndWokeness) October 5, 2025

Lost all seven swing states.

After spending $1.5B in “107 Days.”

“Not a mandate.”

🤡🤡🤡🤡🤡🤡

— Jack Bauer after dark 🇺🇸🇮🇱 (@JackBauerAD) October 5, 2025

Jones, undeterred, responds, “I respectfully disagree,” setting the stage for a clash of perspectives that would only highlight the fragility of her position.

Morgan, armed only with simple facts, countered, “Okay, but let me explain why. Just to remind everybody, Donald Trump won back the White House. He won the popular vote and the Electoral College. The Republicans won control of the Senate and the House. It was a clean sweep!”

His words were a direct challenge to the narrative Jones was attempting to uphold, one that seemed increasingly untenable as the conversation progressed.

Piers Morgan becomes visibly perplexed as his liberal guest struggles to explain why Trump’s 2024 victory wasn’t a mandate.

Jolanda Jones tried so hard to sidestep Morgan’s pushback that by the end, she made up a brand-new theory for why Kamala lost so badly.

MORGAN: “Kamala… pic.twitter.com/s7SoaSDrFP

— Vigilant Fox 🦊 (@VigilantFox) October 6, 2025

Jones, however, clung to her initial stance, stating, “It was a very close election… And there was not a mandate,” seemingly ignoring the breadth of Trump’s victory. Morgan, visibly perplexed, pressed further, asking, “So hang on. What is a mandate then, to you?” The question exposes the core of Jones’s argument, or lack thereof, as she struggles to define her terms.

“To me, a mandate is when you win by a lot. By a lot. There’s a whole bunch of votes separating you. There were not,” Jones asserts, revealing a personal interpretation of the term that diverges significantly from political reality.

Morgan is quick to dismantle this notion, retorting, “But that’s not what a mandate is in a democratic society… that is fake news.” He continues, “A mandate in politics is whether you win or lose an election. And Donald Trump won emphatically… There was nothing left to win. It was literally the widest mandate imaginable,” leaving Jones’s feeble assertions in tatters.

Jones then pivots, grasping at straws in her desperation to discredit Trump’s victory. “And what I will say to you is there was a lot of voter suppression, including here in Texas. The Russians interfered in the election,” she claims, a sudden shift underscoring the complete absence lack any anchor to her position.

Her rapid transition from claiming the election was “very close” to alleging foreign interference and domestic suppression perfectly encapsulates the flailing and floundering characteristics of those who, driven by a pure hatred of Trump, struggle to find solid ground.

This exchange is a clear example of how leftists, devoid of based arguments and mentally crippled by debilitating brain rot, resort to increasingly desperate tactics to attack Trump, refusing to acknowledge reality.

*  *  *

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Update (1010ET): As expected, Comey sauntered into court in Alexandria, Virginia today and pleaded ‘not guilty‘ at this morning’s arraignment. 

Comey pleads not guilty pic.twitter.com/19hapS5N0Q

— Karli Bonne’ 🇺🇸 (@KarluskaP) October 8, 2025

Seems he was even allowed to enter through the back door, avoiding cameras. 

🚨 JUST IN: James Comey has arrived at the courthouse to be arraigned. He was NOT brought through the front for all the cameras to see. pic.twitter.com/AX46z21sdO

— Eric Daugherty (@EricLDaugh) October 8, 2025

Developing…

*  *  *

Former FBI Director James Comey – who’s been charged with lying and obstruction of justice, is set to be arraigned today in Alexandria, Virginia – just outside Washington.

Comey – who was also a key player in the Russiagate hoax, spying on Trump’s campaign, downplaying Hillary’s emails, etc. – has not been arrested since his indictment by a grand jury, and will apparently just ‘show up’ for his arraignment. 

The two counts are:

• False Statement – under 18 U.S.C. § 1001, the charge alleges that in his 2020 Senate testimony he falsely claimed he had not authorized someone at the FBI to act as an anonymous source to the news media.
• Obstruction of a Congressional Proceeding – under 18 U.S.C. § 1505, for allegedly making misleading statements that impeded the Senate Judiciary Committee’s investigation.

Not to worry, Democrats – the FBI promises not to wrinkle Comey’s suit with a perp walk – the kind Comey subjected multiple members of Trump’s first team to… According to Fox News, Director Kash Patel and Deputy AG Todd Blanche insist that reports of a camera-ready Comey arrest are nothing more than a distraction.

“Mr. Comey has been directed to appear, and I expect that he will. But the noise from MSNBC and from retired agents or unnamed anonymous sources about perp walks is just that,” Blanche told the outlet , adding “It’s just noise.” 

Wouldn’t Roger Stone or Peter Navarro have appeared too when Comey’s FBI was in charge?

Roger Stone was perp walked on live TV for what he claims is the same crime Comey committed

Kash Patel is said to be considering this for Comey

Raise your hand ✋️ if you want Kash to send FBI agents to Comey’s house and perp walk him out on live TV like they did to Stone pic.twitter.com/pyCgvYkyjr

— @Chicago1Ray 🇺🇸 (@Chicago1Ray) October 6, 2025

Also kinda interesting… the judge in the case is U.S. District Judge Michael Nachmanoff, whose father, Arnold Nachmanoff, was pals with former President Barack Obama’s father, wrote Kissinger about the Cubans, was an NSC staffer, and worked in Naval intelligence. And now his son will oversee James Comey’s trial.

Meanwhile, Patel told staff at the Chicago field office that media reports about a Comey perp walk were a “distraction” from the FBI’s work. 

“The mainstream media wants to take the eye off the ball and create theater,” Patel said, after having not raided Comey’s house to rifle through his shit. 

Patel dismisses perp walk rumors, says no ‘theater’ in Comey indictment https://t.co/33qldv5K7A

— Fox News Politics (@foxnewspolitics) October 8, 2025

Patel and Blanche‘s statements come after Reuters, MSNBC and other outlets reported in recent days that an FBI official was canned for refusing to take part in a Comey perp walk. 

Muted Victory Lap for Trump 

When Comey was indicted last month, President Trump celebrated what he called “Justice in America!” on social media, calling Comey “one of the worst human beings this Country has ever been exposed to” and declaring that he was “finally being held responsible for his crimes.”

Comey – who weeks earlier joked about a Trump assassination – responded like a wounded dove.

In a self-produced Instagram video, the ex-G-man claimed his family had “known for years that there are costs to standing up to Donald Trump.” He vowed that he “won’t live on his knees” – a defiant posture that rang hollow to many who remember his years of leaks, contradictions, and political gamesmanship at the FBI.

What a SICK PSYCHOPATH James Comey truly is! Here’s his Instagram video that he just released.
Yeah, you’re INNOCENT, Comey, just like the moon is square! 🙄🤷🏼‍♀️ pic.twitter.com/iUhoZu927Z

— MAGA Kitty (@SaveUSAKitty) September 26, 2025

Comey said his “heart is broken for the Department of Justice,” but insisted he welcomed the chance to clear his name at trial. For Trump, the stakes are high — an acquittal would hand the media another cudgel to accuse him of “weaponizing” the DOJ. But if Comey is convicted, it would be a stunning vindication for Trump. 

Bondi vs. Democrats

Attorney General Pam Bondi faced hostile questions Tuesday in a fiery Senate Judiciary hearing. Democrats accused her of acting as Trump’s “personal lawyer” after Sen. Richard Blumenthal (D-CT) flashed a photo of her dining with Trump others the night before Comey’s indictment.

BLUMENTHAL: The night before Comey’s indictment, you had dinner with the president. A pretty intimate group

BONDI: Actually there were a lot of people there that night

BLUMENTHAL: Did you discuss James Comey?

BONDI: I love that picture pic.twitter.com/8wQdTheAyp

— Aaron Rupar (@atrupar) October 7, 2025

She also pointed out Blumenthal’s stolen valor…

🇺🇸 AG BONDI TO SEN. BLUMENTHAL: DON’T QUESTION MY ABILITY TO BE FAIR AND IMPARTIAL AS AG

“I cannot believe that you would accuse me of impropriety when you lied about your military service.

I am a career prosecutor, don’t you ever challenge my integrity.

I have abided by every… https://t.co/uwr3WOf9ut pic.twitter.com/ZMPQD5JDoV

— Mario Nawfal (@MarioNawfal) October 7, 2025

Sen. Amy Klobuchar (D-MN) pressed further, asking if Trump’s September post urging Bondi to “seek Comey’s indictment” amounted to a directive. Bondi dismissed the insinuation, saying everyone already knew where Trump stood – and had for years.

Bondi won’t answer Klobuchar’s question about if she was directed by the White House to prosecuted Comey but lies that Trump “is the most transparent president in American history” pic.twitter.com/uyCWeDqfMP

— Aaron Rupar (@atrupar) October 7, 2025

Then she slammed Democrats for shutting down the government.

Anything better on a Tuesday morning than watching Pam Bondi BlTCH SLAP Amy Klobuchar?😎

pic.twitter.com/SWADFiCbdR

— SaltyGoat (@SaltyGoat17) October 7, 2025

Are you not entertained? Also, where’s the list Pam?

Authored by T.J.Muscaro via The Epoch Times,

The 2025 fiscal year had the lowest number of arrests of illegal immigrants made on the U.S. southern border in 55 years, according to the Department of Homeland Security and Customs and Border Protection (CBP).

“We have had the most secure border in American history, and our end-of-year numbers prove it,” Homeland Security Secretary Kristi Noem said in an Oct. 7 statement.

“We have shattered multiple records this year, and once again we have broken a new record.”

The United States’ 2025 fiscal year ran from Oct. 1, 2024, through Sept. 30, 2025. During that time, authorities made 237,565 arrests along the southern border with Mexico. That total represented an 84 percent drop from the previous year—which had more than 1.5 million illegal immigrants apprehensions—and the lowest number recorded since 1970, which had 201,780 arrests.

“The latest number includes nearly four months of the Biden administration,” the Department of Homeland Security (DHS) said in the statement.

”Arrests fell sharply after the Biden administration imposed severe asylum restrictions in June 2024.

“They plummeted more after the Trump administration virtually eliminated asylum access and dispatched thousands of military troops to the border.”

According to the department, 72 percent of the total arrests occurred during the first 111 days of the fiscal year, which took place in the final months of the Biden administration, totaling 172,026 of the 237,565 arrests.

The year ended with authorities averaging 279 arrests a day in the month of September. While that number was up from the 204 arrests per day recorded in August, it was still down considerably from the nearly 1,800 border arrests per day recorded in September 2024.

That number is also 95 percent lower than the daily average maintained by the Biden administration, which was 5,110 from February 2021 through December 2024.

The previous four fiscal years averaged 1.86 million arrests.

During the Biden administration, thousands of those arrested ended up being released into the United States, including 9,144 releases in September 2024.

DHS touted in its statement that September 2025 was the fifth consecutive month with zero releases by Border Patrol.

These low arrest numbers are being accompanied by increased deportation figures. Just before the fiscal year came to a close, DHS announced that more than 2 million illegal immigrants had been deported, or had self-deported, since President Donald Trump began his second term. As of Sept. 23, an estimated 1.6 million voluntarily self-deported using the CBP Home App, and more than 400,000 were removed.

Authored by Steve Watson via Modernity.news,

Democrat Illinois gov JB Pritzker has declared that America is currently witnessing what the early days of the Third Reich resembled.

“In the early days of the Nazi regime, they started slowly but surely taking away people’s rights,” Pritzker babbled during an interview.

“And what we’re seeing now is the very same thing,” he further declared.

JUST IN: Illinois gov JB Pritzker says America is currently witnessing what the early days of the Nazi regime looked like.

Just one week ago, Pritzker said it was dangerous for the Trump admin to call Democrats “fascists” as he now equates the Trump admin to Nazis.

“In the… pic.twitter.com/6jHKP2i944

— Collin Rugg (@CollinRugg) October 7, 2025

Pritzker’s remarks come just one week after he said it was dangerous for the Trump Administration to label Democrats as “fascists” 

Yet now he is not just comparing the Administration to Nazis, but declaring they are “the same thing.”

When Trump began federal interventions in Chicago, Pritzker doubled down, likening the president’s vow to deploy the National Guard to the Nazis “tearing down a constitutional republic,” conveniently ignoring Chicago’s 2024 homicide tally, which topped 600 by year’s end.

JB Pritzker: I never called them Nazis

Also JB Pritzker: OK, so maybe I called Trump Hitler and Republicans nazis on a dozen occasions…pic.twitter.com/28MLpXvaec

— Kevin Dalton (@TheKevinDalton) September 15, 2025

As we earlier highlighted, Pritzker is also blaring all over leftist media that Trump is militarising cities in order to use troops to steal the midterm elections next year.

Trump’s crime crackdown continues undeterred with 300 troops now deployed to Chicago to protect federal officers and assets amid protests against immigration enforcement operations, such as those near ICE facilities. 

In the face of brazen attacks on law enforcement, Pritzker has called the deployment an “un-American” overreach and sued alongside the city to block it, citing potential violations of laws like the Posse Comitatus Act that limit military involvement in domestic law enforcement.

Trump has said that he may also consider invoking the Insurrection Act, a rarely used federal law that empowers the president to deploy U.S. military forces domestically to suppress insurrections, rebellions, or domestic violence when local authorities are unable or unwilling to maintain order. 

The Act bypasses typical restrictions on military use for civilian policing and has been invoked only about 30 times in U.S. history, most recently during the 1992 Los Angeles riots.

Trump has also multiple times in the past 24 hours called Democrats and their leftist foot soldiers “insurrectionists.” 

🚨 HOLY CRAP! PRESIDENT TRUMP: “These Democrats, they’re like INSURRECTIONISTS!”

“OK? They’re SO BAD for our country, their policies.”

Cue the meltdowns. 🔥 pic.twitter.com/YIQv6wm4AY

— Eric Daugherty (@EricLDaugh) October 7, 2025

Trump said the magic word again 👀

“If you take a look at what’s been going on in Portland, that’s insurrection. I mean, that’s pure insurrection.”

This is not an accident. It’s a messaging campaign.

We are being mentally prepared for what is to come.

pic.twitter.com/rKf8VIOS8y

— Clandestine (@WarClandestine) October 7, 2025

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