Authored by Joseph Lord via The Epoch Times,

Speaking to reporters in the Oval Office on June 3, President Donald Trump decried communism, saying that the ideology leads to “death, destruction, and squalor.”

Speaking to reporters in the Oval Office on June 3, President Donald Trump decried communism, saying that the ideology leads to “death, destruction, and squalor.”

Trump said that the “free houses,” “free food,” and “free everything” offered by communist ideas “eventually …… pic.twitter.com/2h7uB6B5Zg

— The Epoch Times (@EpochTimes) June 4, 2026

Trump said that the “free houses,” “free food,” and “free everything” offered by communist ideas “eventually … ends, and it leads to death, destruction, and squalor—100 percent of the time.”

Trump was responding to a question from NTD, a sister outlet of The Epoch Times, related to a post he made on Truth Social the same day discussing communist ideology.

“Communists always do well with the voters, or as they would say, the people in the early years, but in the end, the country, state, or city goes to hell. Great violence proceeds at levels never seen before, and the entity dissolves into poverty, squalor, and crime,” Trump wrote in that post.

“Remember, breathtaking ‘popularity’ first, and then guaranteed death and destruction.”

The comments came as the eastern hemisphere entered June 4—the anniversary of the Chinese Communist Party’s brutal massacre of thousands of peaceful pro-democracy demonstrators in Tiananmen Square on June 4, 1989.

Communism is an ideology and system that has directly caused the deaths of an estimated 100 million people worldwide, although some estimates indicate as many as 200 million. Today, the five communist regimes that still exist—in China, North Korea, Vietnam, Cuba, and Laos—are among the world’s worst violators of human rights.

The president told reporters that his Truth Social post was inspired by his concerns about policies and candidates in places like New York and California.

The president specifically referenced New York City Mayor Zohran Mamdani, who openly ran his 2025 campaign as a self-described democratic socialist. Mamdani has drawn national reactions since his surprise victory over former New York Gov. Andrew Cuomo and Republican Curtis Sliwa.

Democratic socialism describes an economic system under which the government provides certain key services, such as education and healthcare, through the use of a progressive taxation system. Critics have warned that such ideas work while the populace is wealthy but eventually fail, and lead to communist systems.

Before his election, Trump had been openly critical of Mamdani. The two said they had a strong working relationship since they first met in person in November 2025.

Trump has expressed personal admiration for Mamdani while maintaining his opposition to the New York Democrat’s politics—a tone he took again in his remarks on Wednesday.

“I watched [Mamdani in] New York, and you know, I liked him very much,” Trump said, adding a reference to Mamdani’s November visit and a second visit in February this year.

“He stood right here, and he’s been in the office a couple of times.”

Trump then said his ideological disagreements with Mamdani remain intact.

“He’s a smart guy, I don’t understand why he thinks it’s okay for all these companies that pay hundreds of millions of dollars in taxes a year to leave,” Trump said.

“You’re not going to have any tax base, and you’re going to end up in hunger and squalor and death and destruction.”

Trump was referencing warnings from chambers of business and other groups that the major companies and ultra-wealthy could begin to leave New York City as Mamdani moves to institute higher taxes on top earners in the city.

Trump said that while it’s harder to make the case for free enterprise, that system is the foundation of the United States’ success and global leadership.

“Free enterprise is tougher to sell, but that’s what’s made our country great, and that’s why it’s great again now,” the president said from the Oval Office.

Authored by Steve Watson via Modernity,

New York City’s vast underground network has become the unlikely focus of fresh alarm. Surveillance footage shared widely online shows teams of men lifting manhole covers in the middle of the night, descending into the sewers with flashlights, tools, and protective gear, then resurfacing hours later.

Police have investigated multiple such episodes, particularly in Brooklyn, yet their public message remains the same: no known threat to safety.

That reassurance has failed to settle nerves in a city still scarred by past attacks and struggling under years of unchecked migration and progressive governance.

Mole people? Treasure hunters? Something else?

Police are investigating a string of bizarre incidents involving mysterious groups of people entering and exiting New York City sewers through manholes in the dead of night.

Videos show different groups equipped with flashlights,… pic.twitter.com/MV1HxhOpr0

– Fox News (@FoxNews) June 3, 2026

When groups operate with apparent coordination in critical infrastructure after dark, the quick dismissal only fuels suspicion.

The pattern emerged in recent weeks. In Gravesend, Brooklyn, footage captured one group removing a manhole cover on McDonald Avenue. Several men in waders and boots emerged around 2 a.m. after hours below ground.

A separate incident in Williamsburg saw another group enter a manhole near Bedford and Hayward around 1 a.m. and exit roughly two and a half hours later. An earlier sighting in Astoria, Queens, showed similar behavior.

Who are these people dropping into New York’s sewer system?

The NYPD are baffled by the motive of the people who enter the sewers, leave no trace and seem to pose no threat to the wider public. https://t.co/5njhcLLfEW pic.twitter.com/zrvvN1kj1j

– Sky News (@SkyNews) June 3, 2026

Witnesses describe purposeful movement, gear suited for extended time in filthy, hazardous conditions, and vehicles staged nearby. The New York Police Department responded by sending its Emergency Service Unit and Canine Unit underground to inspect the tunnels.

The Department of Environmental Protection also inspected and reported no damage to equipment. Officials stated they found nothing nefarious and floated the possibility that the individuals were simply urban explorers or treasure hunters.

Videos of the incidents spread rapidly, prompting widespread questions about motives and security.

Are they planting bombs?

Another incident occurred in New York involving mysterious groups of people thought to be foreign, are entering and exiting manholes in the dead of night

“Videos show different groups equipped with flashlights, waders, and other gear disappear… https://t.co/AbjZ5LdY4T pic.twitter.com/hGx9d7IwCK

– MJTruthUltra (@MJTruthUltra) June 3, 2026

Public reaction has been blunt. Many see organized teams operating in a sanctuary city that has taken in large numbers of unvetted arrivals. The same online conversation that once focused on “mole people” quickly shifted toward fears of reconnaissance, sabotage, or terrorism.

Past terror attacks on New York infrastructure and the reality of foreign actors probing soft targets make the casual “no threat” line ring hollow to those paying attention.

Authorities correctly note that unauthorized entry into the sewer system is illegal and extremely dangerous. Toxic gases, flooding, collapses, and confined spaces turn it into a death trap for the unprepared.

Yet the absence of swift arrests or visible escalation to federal agencies has left residents wondering whether political optics or stretched resources are slowing a fuller response.

New York’s sewer network stretches for thousands of miles beneath streets, businesses, and sensitive sites. It is not some abstract curiosity. Coordinated nighttime access by unidentified groups equipped for prolonged underground movement is exactly the kind of activity that should trigger a serious security posture.

The city’s leadership, shaped by years of Democratic Socialist priorities and open-border policies, has repeatedly shown greater interest in managing narratives than confronting hard security realities.

Coverage from major outlets has documented at least three recent nighttime incidents across Brooklyn and Queens, with police maintaining their assessment even as footage continues to circulate.

Infrastructure protection should come first. Cities should not be left guessing about teams disappearing into vital systems while officials rush to label concerns as overblown. Here, the default seems to be reassurance before transparency.

Residents in the affected neighborhoods have voiced what many feel: this does not look like casual scavenging. It looks like preparation. Whether the goal is valuables, mapping, or something darker remains unknown. That is precisely the problem.

Recent surveys paint what might seem like an apocalyptic picture:  In the US, around 45% of men ages 18-25 do not approach women anymore to engage in dating or relationships.  Over 42% of all men have no interest in seeking out women for relationships or casual dates.  Around 30% of men over 40 years old have never been married and are not necessarily seeking marriage.  

In light of ongoing concerns about population decline around the world, the first thing most people might say is that men need to “step up” and fulfill their role in order to save the human species from a “Children Of Men” movie scenario.  However, this suggests that it’s men’s fault and that checking out of the current system is a bad thing.  It’s a narrow minded view.  

To be clear, the narrative of the “male loneliness epidemic” is a propaganda fantasy designed to shame men into returning to the liberal fold.  The truth is, men are not lonely, they are deliberately refusing to participate in order to make a point.  What we are witnessing is perhaps the most substantial mass boycott of liberal ideology in history as men go more conservative.  It’s a boycott the establishment media does not want to acknowledge. 

In a recent expose by The Guardian, the outlet dares to ask the forbidden question – Is the “Me Too” movement the reason men are opting out of relationships and liberal society?  Sadly, they barely delve into the truth of the matter and instead regurgitate the old standby excuses:  Men are afraid of women because of lack of emotional intelligence.  Men are having trouble navigating the new world of fluid gender roles and women’s independence.  Men are being lured into “toxic masculinity” by conservative movements, etc. 

Not surprisingly, the media rarely engages with straight men who study these changes from the male perspective.   If they did, they might get a better insight into what men today want want from life, from their careers or from relationships.  They talk often in dismay about the rush of young men into conservative ideals, but they never ask those men what it is about conservatism that attracts them. 

Why?  Because they don’t want to hear the answer.  They don’t care what men have to say.  So instead, they gather up a gaggle of female psychologists, jilted women and woke beta male activists and ask them “What is going on with men these days?” 

The idea of self improvement and striving for success has become the rallying cry for many men lost in the sea of the post “Me Too” world.  It makes perfect sense.  After a decade of feminist militancy and narratives painting men as walking time bombs on the verge of exploding into a deadly rage, men are no longer asking for validation from society or from women. 

Instead, they have set their own goals and measure their achievements according to their own peace of mind.  The power of the woke movement and feminists is in their ability to insert themselves into the role of judge and jury.  They do this by claiming constant victimhood, which they say earns them access to the halls of power and influence.  When the media talks about masculinity from an anthropological standpoint, they talk to the self-appointed woke experts (mostly women).    

When they do ask men, it’s usually from a liberal standpoint.  When they ask conservative men, they ignore the answers and attack the honest responses.   Last week a New York Times podcast set out to explore what they call the American Masculinity Crisis; not to understand why men and masculinity have been so demonized, but to complain about men returning to masculinity despite the political left’s best efforts to destroy it.  

“I think that we are in an abysmal state.  I think the reality is that we’ve always had patriarchy at the intersection of capitalism and white supremacy, and how those things feast on one another and lift one another. But I think right now, more times than not, the role models that these young boys and young men have are not only divisive and toxic but insidious and heinous, disgusting. Truly, I mean, the president of the United States is an alleged rapist. What does that mean? You know, the popular thing that boys are watching is largely M.M.A., right? So I think we’re in a horrible place…”

The idea of “toxic masculinity” is a woke feminist fallacy; a creation meant to shame men for their natural behaviors, their normal biological roles and the inherent ways they deal with the world.  The important thing to remember is that feminism has not been about equality for decades.  Women have had social equality and legal superiority over men in the west for some time now. 

Rather, feminism is about keeping men in line and under control to prevent any rebellion against the liberal epoch.  After all, women have no inherent power.  They gain power by convincing men to give their power away through government.  By convincing men to behave in the name of modern civility.  From the New York Times:

“I think, when we talk about masculinity, we have to talk about the patriarchy. And I think we see this as this system which harms everyone, including men…”

“I think if we can see ourselves as part of a system of patriarchy that harms all of us, and we are allies in this fight rather than men versus women, men oppressing women, then I think we can have a more productive conversation…”

In other words, masculinity and patriarchy is the left-wing version of “original sin”; a great crime against humanity that can only be defeated when men and women to come together…and submit to feminism.  Which means, men have to hand over all their power as the source of this great evil.  Men have to accept proper “management” to avoid falling into their darker ways.  If only these men would prostrate themselves before the benevolent woke gods and beg for forgiveness, then the world would be a much better place.

But why would they?  The idea that they get something in return is a proven lie.  They get no redemption, no peace.  Why not simply step on the neck of feminism, destroy it and take control?  It would be easy.  The only thing stopping this from happening is the hope most men have for a logical and reasonable discourse – The hope of honest reconciliation.  As long as feminism exists, however, this is never going to happen.

When the left-wing media opines on the lost generation of men, what they’re really doing is pretending to have empathy while scrambling to circumvent a full blown male rebellion against the liberal order. 

The “Me Too” movement was presented as a reckoning over abuse against women in professional spaces, but it ultimately became a power grab in which liberal women leveraged fake outrage to elevate the idea of “guilty until proven innocent.”  It weaponized mob justice against men as a way to steal jobs women didn’t earn or deserve, and steal political power they had no moral capacity to handle. 

It’s no mistake that the Me Too motto was “Believe all women.”  That’s a radioactive level of power.  

The real reckoning is going to be in the aftermath of Me Too.  There is a quiet but simmering movement of young men who are about to reassert their dominance in the society that cast them as monsters.  What progressives and feminists still don’t realize is that their actions have set an unstoppable freight train in motion.  By alienating men in the pursuit of political gain, they have created a juggernaut with little empathy for self proclaimed “victims”.

Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a “challenging macro backdrop” and unusually cold weather across parts of the Lower 48 states.

The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically sensitive $4-per-gallon threshold for more than 66 days, or roughly two months. Consumers are already pulling back on purchases at gas stations and convenience stores, with the latest evidence showing a sharp slowdown in energy drink sales growth amid rising fuel prices.

The next victim of the fuel price shock, amid a dismal consumer backdrop of sliding personal savings and a fading tax-refund sugar high, appears to be beer – generally considered a consumer staple product. The latest high-frequency data cited by Bonnie Herzog shows beer trends over the Memorial Day weekend were troubling.

“As expected, the challenging macro environment appears to be the largest drag on beer trends – as consumers have less disposable income and are prioritizing more non-discretionary purchases – while unfavorable weather in several parts of the country further pressured consumption patterns with Memorial Day weekend being the wettest and one of the coldest holiday weekends in the past 5 years,” Herzog wrote in the note.

Herzog’s “Bev Bytes” Beer Distributor Survey covers feedback from roughly 45 beer distributors, representing about 145,000 retail outlets or 23% of U.S. alcohol-selling locations, providing clients with a solid real-time snapshot of beer demand.

That snapshot showed demand remained uneven, with Constellation Brands standing out as a winner, while Heineken, Boston Beer, and Molson Coors lagged behind.

About half of the respondents in the survey said beer sales slowed in April and May compared with the first quarter, citing a softening in consumer spending, unfavorable weather, and category switching to ready-to-drink alcoholic beverages sold pre-mixed in cans or bottles, and/or THC products.

Most notable takeaways from the survey:

1. Nearly half of all distributors indicated that beer category sales decelerated in April/May vs Q1 – citing a pressured consumer backdrop, unfavorable weather, some category switching (e.g., RTDs & THC), a secular shift away from alcohol, and weak marketing;

2. Consumers are facing increased pressure as a result of the challenging macro/operating backdrop – with notable pressure on the Hispanic consumer;

3. Recent volume trends for STZ in May have been encouraging following a relatively weaker Cinco De Mayo;

4. Recent scanner trends appear to be soft for Modelo Especial – though distributors still see further upside and expect the brand to grow this year;

5. Miller Lite & Coors Light remain pressured with further deceleration in April/May vs Q1;

6. Distributors are cautious on Corona but are mostly positive on Sunbrew;

7. Distributors are split if TAP will be able to successfully grow Monaco Cocktails;

8. Most distributors are upbeat about Sun Cruiser – with most expecting trends to accelerate in 2H vs 1H this year, SAM’s brand portfolio elsewhere including Twisted & Truly remain pressured; and

9. SAM’s recent innovation LYTT is seeing mixed traction – most view this as an interesting concept, but unsure how it would be received by consumers and durability of growth in context of its novelty packaging.

Herzog pointed out that “tempered beer category growth trends over the Memorial Day holiday weekend and lackluster category growth outlook largely come as no surprise, especially considering the challenging macro environment – we take a selective approach to identifying relative winners within the space that we believe are best positioned to outperform.”

Beer Stock Coverage:

• STZ – Our 12-month price target of $180 is based on an equal-weighted EV/EBITDA of 10.8x (vs 10.9x prior) and P/E of 13.4x (unchanged), both of which are based on our Q5-Q8 estimates. We slightly lower P/E multiple to reflect macroeconomic and geopolitical pressures affecting the consumer. Risks to our estimates and price target include: Modelo/Corona Extra lose traction with consumers; Corona Light does not stabilize/return to growth; greater than expected spike in input cost inflation or lower productivity savings; STZ fails to build its new brewery in Southeastern Mexico.

• TAP – Our 12-month price target of $50 is based on an EV/EBITDA multiple of 6.1x (weighted 42.5%), P/E of 8.0x (wtd 42.5%), & M&A value based on EV/EBITDA of 9.4x (wtd 15%) all based on our updated Q5-Q8 estimates. Risks include: TAP cedes recent market share gains to Bud Light as that brand recovers; Acceleration plan fails to deliver mgmt’s intended transformation across the broader beer/FMB portfolio driving declines in TAP’s beer volume and market share (across both core economy SKUs and Above Premium beer/FMB) or consumer preferences shift away from mainstream/budget-priced beer and TAP’s Beyond Beer strategy fails to resonate with consumers.

• SAM – Our 12-month price target is $192 and is based on an equal-weighted EV/EBITDA multiple of 8.0x and P/E multiple of 16.6x, both based on our Q5-Q8 estimates. Risks include: hard seltzer category growth accelerates and Truly gains momentum; Truly gains significant share and household penetration; SAM successfully stabilizes the Sam Adams brand; and supply chain capacity constraints for hard seltzer ease.

Professional subscribers can read the full Beer note here at our new Marketdesk.ai portal.

Authored by Melanie Sun via The Epoch Times,

U.S. Secretary of State Marco Rubio issued a statement to mark the 37th anniversary of the Chinese Communist Party’s Tiananmen Square Massacre.

“On June 4, the world marks 37 years since the Chinese Communist Party ordered its troops to attack thousands of peaceful demonstrators in and around Tiananmen Square,” Rubio said in a statement late June 3 in the United States, which is hours behind China.

“Chinese students, workers, and other civilians who lost their lives had gathered to exercise their natural rights and demand democratic reforms and accountability for corruption. We remember their lives and honor their legacy,” he said.

“No amount of censorship can erase the past. Those who sacrificed to uphold their unalienable rights of free expression and peaceful assembly will be vindicated someday.”

Mention of the 1989 Tiananmen Square Massacre is heavily censored in mainland China, with terms such as “June 4,” “6/4,” “64,” “六四” (in Chinese), and related phrases routinely blocked across all information platforms by China’s internet police. Closer to the sensitive date, even terms like “that year” are censored in an effort to suppress all mention of the Chinese lives lost that day and what they stood for.

Despite being unsuccessful in China, the protests sent shockwaves throughout the world and helped strengthen the resolve of people in other communist states, such as East Germany and Romania, also seeking liberty.

At the same time, the Chinese Communist Party (CCP) dispatched Vice Premier Yao Yilin to East Germany in October 1989 to share its methods for suppressing protests.

This year may be particularly sensitive for the CCP, following the November 2025 leak of classified video footage of the 1990 military trial of Maj. Gen. Xu Qinxian, who refused to deploy troops against the protesters in 1989.

Xu’s testimony revealed operational details of the military response in 1989—information that the CCP considered to be state secrets.

The video footage was quickly scrubbed from the Chinese internet after it was leaked, but it generated widespread attention among Chinese-speaking users outside of mainland China.

Every year, the CCP harasses or rounds up dissidents, activists, journalists, lawyers, and Tiananmen-related figures for preemptive detention or house arrest ahead of the June 4 date as part of its “stability maintenance” operations.

But in a first such action in more than three decades, the Tiananmen Mothers group, representing the families of victims of the massacre, was blocked from visiting the graves of their loved ones at Beijing’s Wan’an Cemetery by police on June 4, according to Radio Free Asia.

Ahead of the date, arrests were also underway. In May, pro-democracy activist Mao Qingxiang in Hangzhou was detained by Chinese police after he shared a video of recently released dissident Xu Guang, whose post-prison remarks included a call to “never forget June 4.”

Chinese in Hong Kong have also been blocked from marking the anniversary, with the annual candlelight vigil in Victoria Park that once drew tens of thousands of people in remembrance of the human rights travesty banned since 2020 under the Beijing-imposed national security law.

(Top) Hong Kong police officers occupy Victoria Park in the afternoon of June 4, 2021, to prevent people from entering; (bottom) The June 4 candlelight vigil in Victoria Park in 2017. The Epoch Times

Known pro-democracy voices in the city have also been monitored or harassed in an attempt to deter any bigger incidents. But Chinese around the world in cities such as Taipei, Sydney, London, and New York will gather for vigils to commemorate the June 4 anniversary.

In a statement the morning of June 4, Taiwanese President Lai Ching-te called on China to acknowledge the deadly clampdown on Chinese protesters in Tiananmen Square 37 years ago and “face the wounds of history” for a better future.

“What was shot and crushed that year was not only the life and youth of those who participated in the democracy movement, but also the desire and practice of the pursuit of freedom and democracy by an entire generation of China,” he said in a post on social media.

“I sincerely hope that China will face up to the June 4 incident 37 years ago, recognize the truth, comfort the pain, and open reconciliation and dialogue.”

Lai said that a “sound government” should support the next generation to “live a better life than themselves, instead of killing their dreams and erasing their opinions with violence, surveillance, etc.”

“Taiwan will stand with all those who pursue freedom and democracy until the truth is seen, the pain is comforted, until no one else loses their lives in the pursuit of freedom. Because a country that respects its people, protects freedom, and practices democracy is a country that is truly worthy of respect,” he said.

U.S. President Donald Trump also made a statement condemning communism as June 4 arrived in China.

“Remember, breathtaking ‘Popularity’ first, and then, guaranteed DEATH AND DESTRUCTION!” he wrote on Truth Social.

“Has anyone ever seen a Happy Communist?” he added.

Unless you have been living under a rock, you’ll know that South Korea’s stock market has been rocketing higher on the back of the AI/Semi speculation as SK Hynix and Samsung have dominated (accounting for over 40% of the KOSPI market cap)…

But, as the following chart from Goldman Sachs shows, this surge in Korean stocks has been driven by domestic Retail investors as Foreign investors have fled that market en masse…

These outflows have sparked a collapse in the Korean Won (exacerbated by pressure some Asian currencies face as the Iran war drags on), now at its weakest versus the USDollar since 2009…

…and pushed yields for South Korean bonds to their highest in almost 3 years…

With all that in mind, Bloomberg reported earlier in the week that South Korean officials have intensified monitoring of the government bond market through daily phone calls and a private messaging group with market participants, as authorities step up efforts to contain rising yields.

Since May 18, a group of deputy directors in the finance ministry’s treasury-bond division have been calling bond dealers and asset managers before the start of trading to gauge market sentiment and investor positioning, Hwang Soon Kwan, deputy finance minister for treasury, said in an interview. In some cases, the discussions are held in person, he said.

“We are paying close attention to managing the bond market and are determined to respond firmly to any excessive moves,” Hwang said Friday in Seoul.

The ministry also set up a private KakaoTalk chat room on May 21 that now includes about 17 participants, according to Hwang.

Members include Finance Minister Koo Yun-cheol, senior ministry officials, researchers, primary dealers and fund managers, who share research reports and market views on a daily basis.

The moves are not intended to press yields down, but to signal authorities are closely monitoring the market, he added.

The government last week reduced planned bond issuance for June by about 21% from the previous month, adding to efforts to ease upward pressure on yields.

Additionally, just days later, Bloomberg reports that Finance Minister Koo Yun Cheol said authorities were closely monitoring FX market developments “with a high degree of vigilance to prevent anxiety from spreading,” and vowed to “take prompt, necessary measures in case of excessive market moves.”

Asian policymakers are coming up against the limit of their currency defense as elevated oil prices hurt the region’s importers.

Authorities in Indonesia and the Philippines also stepped up measures to defend currencies. 

“The authorities are doing what they can, but given that the won is being driven by external factors, it’s likely difficult to control,” said So Jaeyong, chief economist at Shinhan Bank in Seoul.