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DOJ Charges New Jersey Democrat With Assault, Impeding Law Enforcement At ICE Facility Protest

DOJ Charges New Jersey Democrat With Assault, Impeding Law Enforcement At ICE Facility Protest

New Jersey Democrat Rep. LaMonica McIver has been charged with assault and impeding law enforcement for her actions during a protest outside a US Immigration and Customs Enforcement (ICE) facility in Newark, New Jersey earlier this month.

During the protest McIver could be seen screaming at and pushing federal agents, saying “I touch whoever I want motherfucker… You will pay!”

The incident also resulted in the arrest of Newark Mayor Ras Baraka, who was charged with trespassing – a charge which was later dropped, according to US Attorney for the District of New Jersey Alina Habba.

McIver was given ample opportunity to come to a peaceful resolution and avoid criminal charges, Habba said, but the congresswoman reportedly declined, Just the News reports. “No one is above the law — politicians or otherwise,” said Habba. “It is the job of this office to uphold justice impartially, regardless of who you are.”

Footage of the protest showed the three lawmakers engaged in a “scuffle” with law enforcement, according to the New Jersey Globe, including McIver who appeared to try to protect Baraka during his arrest.

McIver has denied any wrongdoing and blasted the charges as a partisan attack.

“The charges against me are purely political,” according to a statement by McIver. “They mischaracterize and distort my actions, and are meant to criminalize and deter legislative oversight.”

New Jersey Democratic Reps. Bonnie Watson Coleman and Rob Menendez were also involved in the protest but have not been charged with a crime.

*  *   *

Lifetime guarantee…

Tyler Durden
Mon, 05/19/2025 – 21:20

India Says China Provided Intelligence To Pakistan During Border Clashes

India Says China Provided Intelligence To Pakistan During Border Clashes

Via The Cradle

China provided direct logistical and intelligence support to Pakistan during the recent 15-day border conflict with India, marking a significant escalation in Beijing’s involvement in South Asia’s most volatile rivalry, Bloomberg has reported.

According to Ashok Kumar, director general of the Center for Joint Warfare Studies (CENJOWS), a research group operating under India’s Ministry of Defense, China helped Pakistan reorganize its radar systems and satellite coverage to better track Indian troop movements and military deployments. The support reportedly occurred in the days following the April 22 massacre in Indian-administered Kashmir, which killed 27 mostly Indian tourists and triggered the worst fighting between India and Pakistan in five decades.

“It helped them to redeploy their air defense radar so that any actions which we do from the aerial route is known to them,” Kumar said, noting that China’s assistance made Pakistani forces more responsive during the conflict.

Via Associated Press

While India’s government has not publicly confirmed China’s involvement, Kumar’s remarks suggest that Beijing’s role extended far beyond weapons sales, encompassing real-time battlefield support. Pakistan has acknowledged using Chinese-supplied military hardware, including the J-10C fighter jets and PL-15 air-to-air missiles, in the conflict. However, it has not confirmed receiving satellite or radar assistance.

The conflict, which erupted into air, drone, and artillery strikes in early May, ended in a ceasefire on 10 May – an agreement US President Donald Trump claimed credit for brokering, though India maintains it was negotiated bilaterally. Tensions remain high as Pakistani Deputy Prime Minister Ishaq Dar prepares to visit Beijing to discuss the region’s future security framework.

China has avoided commenting directly on its involvement. Foreign Ministry spokeswoman Mao Ning reiterated Beijing’s call for peace, saying China “adheres to an objective and fair stance.” However, Kumar argued that Beijing used the conflict as a testing ground for its military systems, claiming it “failed miserably” in some cases.

The incident has reinforced India’s shift toward planning for a two-front war. “Anything which is with China today can be deemed to be with Pakistan tomorrow,” Kumar warned. “India now factors in a two-front situation in almost all its calculations.”

China has said it seeks good relations with India and that it supports peace between New Delhi and Islamabad. On 28 April, Guo Jiakun, China’s Foreign Ministry spokesperson, said in a press briefing that “both India and Pakistan are important countries in South Asia. Their harmonious coexistence is vital to the peace, stability, and development of the region. As the neighbor of the two countries, China calls on the two sides to exercise restraint, solve differences through dialogue, and jointly keep the region peaceful and stable.” 

When asked specifically about Pakistan’s proposal for a neutral investigation into the killing of tourists in Kashmir, he said that “China welcomes all measures that will help cool down the current situation and supports carrying out fair and just investigations at an early date.” 

Tyler Durden
Mon, 05/19/2025 – 20:55

Historic Women’s College Gives Honorary Degree To Rachel Levine (A Man)

Historic Women’s College Gives Honorary Degree To Rachel Levine (A Man)

It is an interesting kind of horror that modern academia, an environment where objective facts should be most revered, has instead become an environment where objective facts are most reviled.  The complete denial of biological reality within the western academic community is an enduring source of social disruption.  Their continued promotion of gender fluid theory, based on zero concrete scientific evidence, is stealing opportunities from real women and turning western education into an embarrassing mockery.

The Trump Administration’s efforts to reverse the cancerous growth of wokeness in public institutions is making a difference, but there are still many areas of American life that will remain infected for years to come.

The latest example is the recent announcement that Dr. Rachel Levine (formerly Richard Levine), a man pretending to be a woman, is  being awarded an honorary degree by Smith College in Massachusetts.  Keep in mind, Smith College is a historic private women’s college. 

Levine has also been given the honor of addressing graduates in a commencement speech with “words of wisdom” for women entering the professional world.  Rachel Levine served as the “first trans Secretary for Health” for the US Department of Health and Human Services under the Biden Administration.  Levine exploited the position to push trans propaganda on the American public.  He also widely advocated for the gender transitioning of children.  

Chartered in 1871 by Sophia Smith and opened in 1875, Smith is a member of the historic Seven Sisters colleges, a group of women’s colleges in the Northeastern United States.  It should be noted that Smith College has received extensive federal funding, which is something the Trump Administration might want to look into.

The school’s decision to give an honorary degree to a man has led to some backlash, with women protesters speaking out on the hypocrisy.  The issue of men going trans and invading women’s spaces has divided the feminist movement, with woke extremists on one side and “TERFs” (trans-exclusionary radical feminists) on the other side.  The “TERF” label is meant to be a pejorative insult to those women that refuse to accept trans women (men) as legitimate women.

The overarching problem with the trans movement is that it demands the normalization and even celebration of mental illness under protected group status.  On the totem pole of social justice, trans people are at the top, enjoying a venerated position even above black women and gays.  The level of hand holding and social coddling of transgenders hit almost worshipful heights during the Biden Administration’s woke blitz.  It was a primary factor in the eventual fall of the Democratic Party.   

Virtue signaling among the academic elite suggests that progressives have still not learned their lesson when it comes to biological reality and the US has a ways to go before the trans issue is settled. 

Tyler Durden
Mon, 05/19/2025 – 19:40

Marx’s Economic Forecasts: Over 150 Years Of Failure

Marx’s Economic Forecasts: Over 150 Years Of Failure

Authored by Richard Fulmer via The Mises Institute,

From atop the flawed foundation of the Labor Theory of Value, Karl Marx made a series of predictions about capitalism that time has proven incorrect. Among these are the immiseration of the masses due to capital accumulation, chronic overproduction, capitalist-driven imperialism, and the inevitable rise of monopolies.

Immiseration

Even during Marx’s lifetime, capitalism was already improving the material conditions of workers and raising living standards. The Industrial Revolution, along with advancements in technology and productivity, enabled even low-skilled workers to achieve a standard of living once unimaginable to even the wealthiest.

In fact, capitalism has delivered many of the promises socialism once made. Marx envisioned a future where the working class would achieve prosperity, leisure, and cultural development—goals largely realized under capitalist systems. Today, workers enjoy higher real wages, shorter workweeks, better working conditions, and greater access to healthcare and education than at any time in history. Innovations once considered luxuries—such as indoor plumbing, refrigeration, and instant global communication—are now standard for much of the world’s population.

Capital Equipment

Marx believed that new technology:

  • Eliminated jobs and forced workers into lower-wage positions. He theorized that automation would create a permanent “industrial reserve army” of unemployed workers, driving wages down.

  • Reduced workers to mere machine operators. He argued that specialization and mechanization would strip workers of their skills and bargaining power.

  • Extracted more work in less time. He feared that capitalists would use technology to increase profits by lengthening shifts, reducing breaks, and intensifying production speeds.

Instead, technology has increased workers’ productivity, making them more valuable to employers, who, in turn, offer higher wages to attract and retain them. While some jobs have been eliminated, new industries and occupations have emerged, often requiring higher skill levels. Factory workers today perform fewer menial tasks and more complex functions, such as CNC (computer numerical control) machine programming, maintenance, and oversight of automated systems.

Rather than longer workdays, the average time on the job has significantly declined. In Marx’s time, factory workers commonly labored 60-80 hours per week. Today, most industrialized nations have 35-40-hour workweeks, and benefits like paid time off, sick leave, and retirement plans are widespread. Moreover, automation has largely eliminated the most dangerous and physically punishing tasks.

Marx saw economic progress as a zero-sum game, where capitalists’ gains necessarily meant workers’ losses. Instead, technological advancements have expanded economic output, creating new industries, higher wages, and improved working conditions.

Overproduction

Marx claimed that capitalist employers would suppress wages to the point that workers couldn’t afford to buy the goods they produced, leading to unsold inventory and economic collapse. But workers are never expected to buy everything they produce in any economic system.

Consider a cobbler in medieval Europe who made 30 pairs of shoes per month. He couldn’t possibly purchase all of them—he had to sell them to buy food, clothing, and materials for more shoes. But the shoe market didn’t collapse because demand wasn’t limited to cobblers—other people needed shoes too.

Similarly, in modern economies, businesses don’t rely solely on their employees as customers; they sell to a broad market that includes domestic and international consumers. Capitalism has consistently overcome supply-demand imbalances through pricing mechanisms, market expansion, and innovation.

Imperialism

Marx believed capitalists profited by extracting “surplus value” from workers—paying them less than the value of their production. He argued that as automation and competition reduced profit margins, capitalists would exploit workers by cutting wages or increasing working hours, and seek new sources of cheap labor, ultimately resorting to conquest to sustain profits.

This prediction failed on multiple fronts. First, workers’ ability to switch jobs, negotiate higher wages, or start businesses prevents employers from driving wages to subsistence levels, though the same cannot be said for Marxist-Leninist societies in which the state is the only employer.

Second, trade—not conquest—has proven to be the more effective path to economic expansion. As Adam Smith noted in The Wealth of Nations, war and colonization are more costly and less productive and profitable than is voluntary exchange. The reason why war and imperialism correlates with capitalism is because the state—allied with crony capitalists—expands off of the wealth from capitalism.

Finally, capitalism fosters innovation, creating new markets and industries. Economic growth has come not from territorial expansion but from developing new goods, services, and business models that increase wealth across society.

Monopoly

Marx predicted that competition would inevitably drive smaller firms out of business, leaving only a handful of monopolies powerful enough to suppress wages, control prices, and stifle innovation.

While monopolies do arise, they are typically short-lived in competitive markets. Whenever an entrepreneur introduces a new product or service, he may temporarily enjoy a dominant market position, but competitors soon emerge if the government does not prevent market entry. In fact, this situation does not technically describe a monopoly since monopolies involve legal privileging of politically-connected firms by the state.

Furthermore, as companies grow too large, they often face diseconomies of scale—inefficiencies that increase costs and reduce agility. Bureaucracy, slow decision-making, and organizational complexity often weaken large firms, opening opportunities for smaller, more innovative competitors.

Ultimately, government intervention, rather than free markets, has been the primary enabler of enduring monopolies. Regulations, subsidies, and licensing requirements frequently serve to protect established firms from competition.

Conclusion

Karl Marx’s predictions about capitalism have consistently failed. Instead of immiseration, capitalism has increased living standards. Instead of job destruction, technology has created new industries and opportunities. Instead of economic collapse due to overproduction, global trade has flourished. Instead of conquest, capitalism has fostered economic expansion through voluntary exchange. And instead of monopolistic stagnation, competition and innovation continue to drive economic progress, despite the intervention of political states.

Marx’s economic forecasts were not just incorrect but fundamentally flawed. Capitalism, despite its imperfections, has outperformed Marx’s vision by delivering prosperity on an unprecedented scale.

Tyler Durden
Mon, 05/19/2025 – 19:15

House Republicans Press Harvard For Transparency Over Alleged Ties To Chinese Military

House Republicans Press Harvard For Transparency Over Alleged Ties To Chinese Military

Woke elites running Harvard University into the ground faced fresh controversy on Monday morning as House Republicans launched a formal inquiry into the school’s reported ties with foreign adversaries, citing serious national security and ethical concerns.

The House Select Committee on China, joined by the House Committee on Education and Workforce and Chairwoman of House Republican Leadership Elise Stefanik, sent a letter to Harvard demanding transparency and accountability regarding the university’s partnerships with foreign adversaries and entities involved in human rights abuses. 

The investigation focuses on the university’s reported partnerships with Chinese military-linked institutions, sanctioned entities, and researchers tied to the Iranian regime.

House Republicans are demanding internal documents and testimony, adding to a growing list of challenges plaguing the university, including recent controversies over campus antisemitism and donor backlash.

Addressed to Harvard President Alan Garber, the letter sent by Education and Workforce Committee Chairman Tim Walberg (R-MI), Select Committee on the Chinese Communist Party (CCP) Chairman John Moolenaar (R-MI), and House Republican Leadership Chairwoman Elise Stefanik (R-NY) outlined Harvard’s troubling partnerships and activities that raise alarm bells about national security and ethical concerns: 

  • Harvard’s repeated training of members of the Xinjiang Production and Construction Corps (XPCC)—a U.S.-sanctioned paramilitary group that plays a central role in the Chinese Communist Party’s genocide of Uyghur Muslims

  • Research partnerships funded by the Department of Defense with Chinese military-linked universities, including Tsinghua, Zhejiang, and Huazhong Universities

  • Collaborations with Iranian-government-funded researchers, including projects financed by the Iranian National Science Foundation

  • Organ transplantation research involving PRC-based collaborators, amid mounting evidence of the CCP’s forced organ harvesting practices

Moolenaar stated, “Harvard trained members of a sanctioned Chinese paramilitary group responsible for genocide, and its researchers partnered with Chinese military universities on DoD-funded research and worked with researchers funded by the Iranian regime,” adding, “These are not isolated incidents—they represent a disturbing pattern that puts U.S. national security at risk. The Select Committee’s investigation will deliver answers, expose the truth, and hold Harvard accountable to the American people.”

Chairman Walberg stated, “No American university or college should be assisting the CCP in expanding its influence, oppressing American citizens, or undermining U.S. national security,” adding, “Unfortunately, we have found several instances in which Harvard University aided and even collaborated with the CCP – including helping Chinese researchers on military projects funded by the Iranian government. This is unacceptable and President Garber needs to provide answers to Congress for this colossal failure.”

And Chairwoman Stefanik stated, “Harvard University must be held accountable. I demand full transparency and immediate cooperation with the Select Committee’s investigation. We must ensure that no American institution enables the CCP’s military modernization or the Iranian regime’s technological ambitions — especially under the guise of academic exchange.” 

The news of the House Republican investigation into Harvard’s questionable foreign ties follows widespread layoffs reported last week following the U.S. government’s termination notices for federally funded research projects. 

So far, the Trump administration has canceled approximately $2.7 billion in grants, with another nearly $1 billion in funding for Harvard’s research partners at risk.

President Garber announced he would soon take a 25% pay cut after losing federal funding. He refused the Trump administration’s simple request to comply with concerns over DEI and antisemitism.

“More than 80 faculty members — from several schools and academic units — have pledged to donate 10 percent of their salaries for up to a year to support the University if it continues to resist the Trump administration,” The Harvard Crimson recently reported.

So brave.

Harvard alumnus Bill Ackman commented last week about the school’s death spiral.

We suspect House Republicans won’t stop with Harvard. These investigations are likely to expand to other Ivy League schools that have aggressively pushed toxic Marxist DEI agendas—initiatives that, in some cases, may have been influenced by foreign adversaries to undermine the nation. Some of these elite schools foster disdain for America, which is deeply troubling. This trend must be confronted and reversed.

 

*   *    * 

Full Letter to Harvard U. from House Republicans…

Tyler Durden
Mon, 05/19/2025 – 18:50

Don’t Take The Black Pill

Don’t Take The Black Pill

Authored by Jeffrey Tucker via The Epoch Times,

What kinds of attitudes do you bring to the prospect of political and social change? The answer matters more than we think. Those with hope and passion for improvement tend to win the day, especially if the other side merely wallows in grievance and despair.

This is true for writers and intellectuals too. We are all trying to find our way through in a thicket of confusion in what are truly treacherous times. In the backdrop stands a complex emotional template that can profoundly affect how we see the world and its future.

G.K. Chesterton once wrote that he rejects both optimism and pessimism, preferring to look at reality itself, even in the darkest of times, with hope and not despair. It is equally important to look at the brightest times with trepidation that something might, alas, be broken underneath the surface and therefore they won’t last.

Those words have stuck with me. A naive optimism is as pointless as the fatalism of a perpetually downcast pessimism that sees every sign of improvement as a delusion.

The times call on all of us to adopt a more Chestertonian attitude toward the world around us, our expectations for the future, and our own role in it. The bias of eschatological certainty can blind in both directions, either by chaining us to dread of a doomed future or by luring us into complacency with visions of an eminently dawning utopia.

Many people are traumatized from the last five years. We’ve discovered that many of the conspiracy theories are true. There were memes passed around over these years that the wackiest theories last month seem to come true this month.

Elon Musk even confirmed it. When he took over Twitter and got a first-hand look at what was being censored and why, he told interviewers that every conspiracy theory is true and then some. His comment underscores the feeling of betrayal sensed by everyone in public and private life today.

When you go through times like this, the oldest spiritual battles confront all of us. We can join in the rot while throwing away all standards of decency and honesty. The presumption here is that the system is corrupt so we might as well join in, like rioters when the fires start to burn.

Another response is to throw yourself into being part of the solution in some way at some level. This could be in your own household or it could be in national politics, plus everything in between.

What increasingly concerns me is a different breed that has come to populate the dissident movement, especially these days and in light of all we’ve been through. These are people who have done vast reading and discovered that the problems around us are extremely deep, tracing to classified worlds of darkness and occult influences. They extend this analysis far back in time, even tracing this to the ancient world.

There is nothing wrong with that outlook as such except that it does feed into a conviction that there is no escape under any conditions. Rather than join in or fly into a hopeful opposition with constructive efforts to change, they construct an ideology of despair. This says that there is nothing to be done because the bad guys rule all things.

There is no chance for progress, says this view, and anything that looks hopeful is nothing but a sham. All seeming good news or admissions of wrongdoing are nothing but “limited hangouts,” probably pushed by “controlled opposition,” making concessions to distract us from the dark truths of our entrenched and depraved destiny.

In popular parlance, and tracing to the model presented in the movie “The Matrix,” these are people who take the Black Pill. This is different from the Blue Pill, which is what you take to go along to get along, or the Red Pill, which is what you take to be part of the reality-based solution. The Black Pill is what you take to wallow in despair and drag everyone around down with you.

I suspect you know someone who has taken the Black Pill. I have variously encountered them for years. Frustrated with such people, the pen name Midwestern Doctor recently wrote that the Black Pill leads people to say: “it’s futile to ever make things better so if you try to, you’re just getting scammed,” “all the things being proposed are actually distractions to keep us from fixing the real problem,” and “the person proposing this terrible proposal is actually an enemy trying to sabotage the movement.”

The Black Pill is seductive because it “It gives you a way to feel in control of your environment (by declaring it’s hopeless to do anything) and superior to others (by knowing a secret truth they don’t know).” Yes, it is easily rendered as a form of Gnosticism, a theory that only a few know the fullness of the esoteric truth while all exoteric knowledge is mere veneer.

The Black Pill is closely related to the problem of purity seeking. No change in social policy, law, or legislation will ever be enough, of course. For that reason, every hint of progress, even vast progress, is easily presented as a trick designed to hide more fundamental corruption. Nothing is ever good enough, and any attempt to make something better is itself part of the problem because it deceives people into thinking there will ever be a way out of the morass.

It’s inevitable that Black-Pilled purists will be meanest to those they are the closest to. This is because those are the people who will listen to them, and the social set among which they can make a difference. For this reason, they can be toxic to any attempt at community organizing, social cohesion, or basic demands of collegiality. When people figure out the game and block them or stop inviting them, they always have a ready excuse: the leadership of the group is clearly compromised and part of the enemy.

This only scratches the surface of the problems of Black-Pilled purists. Because they rule out the possibility of making a difference for good, they target those who try and put down every effort to improve the world. De facto, they always end up saying that the existing status quo, however bad it is, is actually better than the reformed world given to us by people who are compromised and playing ball with the elites. Perversely, then, the purists in every movement eventually become useful servants of the very elites they claim to oppose.

If you follow what I’ve written above, you can understand why some small minority of people that who worked to bring the Trump administration to power, or at least contributed to raising grave doubts about alternatives, are now putting down every effort at reform, even tangible victories.

The MAGA and MAHA movement has Black-Pilled purists in its ranks who will never be satisfied until condition X is met. Condition X could be an end to all hormones in livestock, a ban on all GMOs, an end to all foreign aid, a withdrawal and ban of mRNA shots or all vaccines, stopping all trade with China, or whatever other condition you name, which they always deem the top priority.

Nothing less will do. When that condition is met, there will always be more, because the point is not actually betterment but perpetual alienation from the idea of betterment itself.

As you can see, such people do not work and play well with others, make difficult colleagues, and end up as destructive forces within any attempted community of activists or intellectuals. Such people thrive on factionalism in every smaller unit of interest, all with the hope of being the leader of a community of their own creation, even if it is a community of one.

Such people invariably drive people off from any community, displacing productive and hopeful people with more followers of their dark worldview. Sadly, they are rarely blocked before they cause damage because they specialize in playing off the tolerance of others and the fear of leadership in being called censors or hidden assets of the bad guys.

The biggest problem with the Black Pill is spiritual. It is not possible to wallow constantly in despair and keep it from invading every nook and cranny of the brain, heart, and soul. It becomes an addiction to the point that such people will never be satisfied without the dopamine rush that comes with trashing everything and everybody no matter what.

Don’t take the Black Pill. Again, the attitude of Chesterton is the right one: Even in the darkest of times, hope is better than despair. A naive optimism is as unproductive as a perpetually downcast and paralyzing pessimism that sees every sign of improvement as a delusion.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden
Mon, 05/19/2025 – 18:25

Vance Abruptly Cancels Israel Visit As IDF Expands Gaza Operations

Vance Abruptly Cancels Israel Visit As IDF Expands Gaza Operations

More friction between Israel and the United States has come to light Monday as Vice President JD Vance has canceled a planned official trip to Israel due to the expansion of Israel’s military operation in Gaza, according to a senior US official cited in Axios.

The report emphasizes that “The US official said Vance made the decision because he didn’t want his trip to suggest the Trump administration endorsed the Israeli decision to launch a massive operation at a time when the U.S. is pushing for a ceasefire and hostage deal.”

VP Vance in Rome. AFP/Getty Images

Still, Vance sought to downplay this as purely a political pressure move or strong signaling to Israel by saying it comes down to “logistical” issues.

“Logistically, it was just a little bit too hard on basic things like, who the hell is going to take care of our kids if we take another couple of days overseas?” he said Monday in response to a question about the trip. “I’m sure we’ll visit Israel sometime in the future, but not today,” Vance added. The question of childcare or babysitting is certainly an unexpected reason or explanation, or dubious.

Starting Friday the Israel Defense Forces (IDF) announced an expanded mobilization of troops for operation ‘Gideon’s Chariots’. Some two million Palestinians are expected to be forced into a “humanitarian zone” while most of the enclave is destroyed and flattened.

The policy somewhat contradicts Trump’s main messaging during last week’s Gulf tour, wherein he emphasized peace through deal-making, and not ‘chaos’ in the war-torn Middle East. 

According to a timeline of the Vance trip cancellation issued by Axios:

  • Additional discussions took place on Sunday between U.S. and Israeli officials to prepare for Vance’s visit. Reports soon popped up in the Israeli press that Vance might arrive on Tuesday.
  • Several hours later, a White House official denied the reports in a statement to reporters traveling with the VP. “While the Secret Service has engaged in contingency planning for the addition of several potential countries, no additional visits were at any point decided upon, and logistical constraints have precluded an extension of his travel beyond Rome. He will return to Washington on Monday.”

In the White House press briefing room Monday morning, Press Secretary Karoline Leavitt responded to a question by ZeroHedge by saying President Trump “has made it very clear he wants to see this conflict in the region end.”

“The president is moving as quickly as he possibly can and working overtime to end these conflicts in both Israel and Gaza and also the Russia-Ukraine war,” Leavitt added. “The president made it very clear to Hamas that he wanted to see all hostages released.”

Several reports earlier this month pointed to severely strained ties between Trump and Netanyahu; however, the US president has since sought to downplay this. Yet Vance abruptly canceling his Israel trip certainly points to trouble between Washington and Tel Aviv.

Tyler Durden
Mon, 05/19/2025 – 18:00

Why Keynesians Got Inflation And Growth Wrong

Why Keynesians Got Inflation And Growth Wrong

Authored by Daniel Lacalle,

Inflation is not soaring, and economic growth is solid…

The Tariff Tantrum has proven that consensus was wrong about soaring inflation and an economic slump. Why? The exaggerated perception of tariffs’ economic impact stemmed from the belief that American consumers would bear the full burden of tariffs. Why were they wrong?

The first reason was that most analyses relied on a simplistic calculation of tariffs, treating supply chains as if they only involved buyers and sellers. Supply chains are very complex, and most exporters must deal with overcapacity challenges and working capital problems. Thus, the impact of tariffs is likely to be absorbed by numerous links in the supply chain, including transport, storage, distribution, manufacturing, retailers and purchasing chains.

Furthermore, most exporting companies face a significant problem of overcapacity and working capital; if they don’t sell their products fast and effectively, their debt soars, and the losses at warehouses can lead to a chain of bankruptcies.

Ignoring that the world of exporter businesses, particularly in China, has a structural overcapacity problem and mounting financial challenges due to working capital build was one of the mistakes made by excessively pessimistic analysts. Therefore, there is no sign of inflation soaring anywhere. The Export Price Index rose only 0.1% in April and 2.0% year on year, while the Import Price Index rose a modest 0.1% in the month and 0.1% year on year. Prices dropped by 0.5% in the final demand PPI (producer price index) for April. On a year-over-year basis, headline and core April PPI declined versus previous readings.

United States retail sales rose by 0.1% in April, up 5.2 % from April 2024, and following a large 1.7% increase in March 2025. Inflation hit a four-year low in April, a month that should have reflected a massive increase due to tariffs, according to consensus estimates, while wage growth rose to a four-year high.

Inflation in April slowed to the slowest pace since 2021. Egg prices fell by 12%, and prices for bakery items, meat, and poultry also decreased. Americans are not suffering the apocalyptic inflation that interventionists predicted. The consumer price index (CPI) rose by 0.2% compared to the expected 0.3%—an annualised rate of 2.3%—and the lowest in four years. Furthermore, core CPI rose only 2.8%, showing no sign of inflationary pressures.

The first quarter’s gross domestic product was positive. Despite a 0.3% decline, the private sector increased by 1.6% annually. Government spending declined 5.1%. In the past week, JP Morgan has removed its call for a recession and the Atlanta Fed Nowcast shows a healthy 2.4% GDP growth for the second quarter, an estimate shared by Goldman Sachs and Capital Economics.

The key to understanding the lack of inflation is to look at monetary aggregates. Tariffs do not cause inflation. There are other reasons we can use to criticise tariffs, but not inflation causation. Market participants have realised that tariffs are a tool for negotiating better trade deals and facilitating the opening of markets rather than being used solely as a protectionist measure. The same reason why you need nuclear weapons to avoid a nuclear war: tariffs are required to force better trade deals.

The cause of inflation is the soaring government spending, which leads to an increase in both the money supply and money velocity. Deficit spending is down 35% between February and April 2025 compared to the same period last year. While money supply is rising, albeit at a modest pace, velocity of money is gradually declining. The public sector is slowly shrinking and the private sector is strengthening; hence, there is no real inflation risk.

The only thing that can make aggregate prices rise, consolidate, and continue is the debasement of the purchasing power of the currency due to uncontrolled government spending. Thankfully, government spending is starting to moderate.

The United States economy is stronger than it appears, and the negotiating power of importers is larger than estimated due to two factors: the previously mentioned overcapacity challenge of most exporters and the global relevance of the U.S. market. Exporters cannot substitute their U.S. sales with other markets. Even the European Union is relatively weak as a market.

In the following months, we will likely see more trade deals, and most concerns from market participants will probably vanish or at least be significantly reduced. Ultimately, the Tariff Tantrum has proven that Keynesian analysis is wrong and that successful trade deals were the goal of the administration.

Tyler Durden
Mon, 05/19/2025 – 15:40

ZH At The White House: Epstein, Clinton Body Count & Proxy Wars

ZH At The White House: Epstein, Clinton Body Count & Proxy Wars

ZeroHedge White House correspondent Liam Cosgrove was in the “new media” seat during Monday’s press briefing, where he asked several questions related to the Jeffrey Epstein case, the ‘Clinton body count,’ and whether the US will continue funding proxy wars overseas.

Proxy Wars

We then asked about the US funding proxy wars overseas.

“The president has made several moves towards peace in multiple fronts; India-Pakistan, with the Houthis, talking with Iran, talking with Putin. Biden didn’t even talk to Putin during the entire span of the war which is crazy, considering two nuclear powers were engaged in a proxy war. So I do admire these moves by the current president – I’ll be honest, however, as of today we are still funding Israel’s and Ukraine’s wars. So can Americans expect to finally be done financing foreign wars at some point? Do you consider that one of the president’s goals?”

To which Leavitt replied: “I can summarize the president’s foreign policy agenda with two words: America First, and that means putting the American people and the American taxpayer first. And that’s why the president is moving as quickly as he possibly can, and working overtime to end these conflicts in both Israel and in Gaza and also the Russia-Ukraine war. As you all know, the president will be speaking with Putin at 10:00. He plans to call President Zelensky when that call concludes.

Clinton Body Count & Epstein Intelligence Links

Cosgrove then dove into the weekend discussion about a Truth Social post by President Trump about the so-called ‘Clinton body count‘ – a spate of mysterious deaths over the past several decades linked to Bill and Hillary Clinton.

“Trump posted to Truth Social a video highlighting what most people call the Clinton body count,” asked Cosgrove, who described a “strange number of suicides that seem to happen in circles” – citing a Saturday headline from the Washington Post suggesting that Trump’s recent Truth Social post was a ‘conspiracy theory.’

“President Trump posted Truth Social,  a video highlighting what most people call the Clinton body count, which is the strange number of su*cides that seem to happen in Clinton circles,” said Cosgrove. “I have a headline here from the Washington Post that said, ‘Trump peddles false conspiracy theories tying the Clintons to several deaths.’

Cosgrove then noted the death of Mark Middleton, “who was a former Clinton White House aide, who was found dead on a Clinton Foundation property. I’ll just quote from the Arkansas Times. Middleton apparently shot himself in the chest with a sh0tgun and also hung himself from a tree with an extension cord. So I have no idea how somebody commits suicide that way, but if the Washington Post is here, maybe you can enlighten us as to how that was actually a suicide.

“That’s just a lead into my question about the most famous Clinton-related su*cide, which is that of Jeffrey Epstein. There’s still a lot of questions around that case,” Cosgrove continued. “You’ve released phase one of the Epstein files. What was missing from that is any connection to his ties to intelligence agencies. And that’s really the whole story, that not just trafficking young girls, but doing it on behalf of intelligence agencies, and even potentially as part of a blackmail ring with potential ties to the Israeli government.

For phase two, when can we expect it? Will it have  information pertaining to those aspects of the Epstein case?

Leavitt deflected, responding: “I know the Attorney General has committed to releasing those files. I would defer you to the Department of Justice on her timeline, but when she has made a promise in the past, she has kept it, and I’m certain that she will in this case as well.”

Ties to Israel

While Epstein’s ties to Israel are numerous and not necessarily conclusive, there is perhaps no better deep dive than Martyr Made’s 5-hour podcast into the topic. Highly recommended if you have a long trip planned. If not, here are the core pieces of evidence:

  • Trump’s current Deputy Director of the FBI Dan Bongino said during an episode of the Tim Pool podcast that a “absolutely sure” that Epstein was “an intelligence asset for people in the Middle East.”
  • Ghislaine Maxwell’s father, Robert Maxwell, was a Mossad asset. This comes from several sources but one of high-integrity is storied journalist Seymour Hersh.
  • In 2007, Southern Florida Attorney Alex Acosta chose to not press charges against Epstein despite numerous young girls alleging abuse. Acosta reportedly did so because he was told that Epstein “belonged to intelligence” and that it was “above his paygrade” and to “leave it alone”.
  • Epstein’s lawyer who brokered this deal with Acosta was Alan Dershowitz who self-admittedly has been “working for the state of Israel” for decades and was key in negotiating the release of the Mossad agents rounded up after 9/11 caught photographing and celebrating the World Trade Center attacks... thus the lawyer has a history of brokering  non-prosecution deals on behalf of Mossad.
  • Epstein’s chief financier, Leslie Wexner, founded the Mega Group which was a collection of billionairs with the explicit aim of promoting Israeli interests.

Cosgrove was formerly with Max Blumenthal’s Grayzone outlet and can be found on X with the handle @Cosgrove_iv.

Tyler Durden
Mon, 05/19/2025 – 15:25

Guess Who Democrats Blame For The Mexican Pirate Ship Smashing Into Brooklyn Bridge…

Guess Who Democrats Blame For The Mexican Pirate Ship Smashing Into Brooklyn Bridge…

Authored by Steve Watson via Modernity.news,

As we highlighted yesterday, a bizarre accident caused a Mexican Naval vessel to hit the underside of the Brooklyn Bridge while crowds looked on from a pier and traffic drove overhead on the bridge.

Scores of Mexican naval cadets were standing on the masts and rigging of the Cuauhtémoc training ship, as part of a ceremonial tradition during the ship’s departure from New York Harbor.

On tall ships like the Cuauhtémoc, it is customary for sailors, especially cadets, to climb the masts and stand on the yardarms (horizontal beams) when entering or leaving a port. This practice, known as “manning the yards,” serves both ceremonial and training purposes.

It showcases naval discipline, honors the host port, and allows cadets to demonstrate their skills in managing sails and rigging, which are integral to their training on such vessels.

The ship was in New York as part of a global goodwill tour, and the cadets were positioned aloft to perform this traditional display for spectators.

The ship reportedly lost power, causing it to drift under the bridge which was too low for it, resulting in the masts holding the sails snapping and sending cadets, and debris flying.

Many were caught up in the ropes and their own harnesses, left dangling with serious injuries, with two of them tragically dying.

The NTSB announced an immediate investigation to find out what went wrong.

Chuck Schumer, however, wasted no time in attempting to politicize the tragic accident.

Taking to X, the Senate Minority Leader insinuated that the Trump Administration is to blame.

The rest reads…

We know they’ve been meddling with U.S. Coast Guard staffing.Trump relieved Admiral Linda Fagan as Commandant of the USCG, and that position is still vacant.And the hiring freeze has limited the ability for the USCG to staff up the Vehicle Traffic Service, that’s their traffic control operation that acts like Air Traffic Control but on water.We need action for our national security, infrastructure protection, and public safety.

TDS addled Democrats will blame Trump for anything.

Homeland Security responded to the allegations, noting they are entirely false.

The rest…

Additionally, this incident had nothing to do with Vessel Traffic Services— when a ship loses propulsion in a high current area, the vessel needs to engage all capabilities to stop and ideally tugs are nearby to support. We encourage Minority Leader Schumer to get his facts straight before he misleads the American people.

The backlash against Schumer was swift:

As Jonathan Turley succinctly concludes, the hair-trigger attacks after these tragedies only deepen the public’s distrust. 

Polling shows that the public’s confidence in Democrats in Congress is at a record low of 25%.

On the day of Schumer’s comment, a new poll from the Associated Press (AP) and NORC at the University of Chicago found that only 35 percent of Democrats are optimistic about the party’s future.

That makes sense when your Senate minority leader is trying to sell the public a bridge story that treats them like moronic marks who will buy anything.

*  *  *

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Tyler Durden
Mon, 05/19/2025 – 15:00