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Nearly All Abrams Tanks The US Gave Ukraine Have Been Destroyed Or Disabled

Nearly All Abrams Tanks The US Gave Ukraine Have Been Destroyed Or Disabled

Russian media outlet RIA Novosti has cited a study which says the majority of the 31 US-supplied M1 Abrams tanks delivered to Ukraine have been destroyed. 

The tanks, which were authorized for transfer under President Biden, have all been destroyed or damaged with the exception of a mere five. These remaining tanks were then reportedly pulled from the front lines given Ukrainian commanders’ fears they are too vulnerable to superior Russian airpower.

Ukrainian Army M1A1 Abrams Tank during first frontline operations in February 2024. Source: Russian military

The claim that 26 have been destroyed since they entered the battlefield seems plausible, and consistent with an April 2024 Associated Press report which confirmed at the time, “Ukraine has sidelined U.S.-provided Abrams M1A1 battle tanks for now in its fight against Russia, in part because Russian drone warfare has made it too difficult for them to operate without detection or coming under attack,” citing two US military officials.

And here’s what a Ukraine war monitor published in December 2024:

Ukraine has lost at least 17 Abrams, according to the Oryx open-source tracking group. Of those, at least eight were destroyed, one damaged, seven damaged and abandoned and one captured. The actual figures are likely higher in reality because Oryx only tabulates losses for which it has visual confirmation.

Given that a year-and-a-half has passed since that prior report, it is certainly easy to consider that at least nine more tanks were disabled or destroyed in that time period.

War-related social media posts have circulated several videos which purport to show Abrams tanks being targeted from the air and blown up…

According to Russia’s RT and the defense ministry, Ukraine lost two of the Abrams tanks as recently as last week.

“Last week, Russia’s Defense Ministry reported that two Ukrainian Abrams tanks had been seized during an operation in Ukraine’s Sumy Region,” RT wrote. “The Defense Ministry released a video showing Russian troops recovering the vehicles, which appeared to be intact,” the report continued. “The tanks were reportedly towed to the rear by the 22nd Motor Rifle Regiment after reconnaissance teams secured the area.”

Both President Biden at the time (in 2023) as well as much of the American media hailed that the Abrams tanks for Ukraine program (which involved training operators) would be a “game-changer”. But it perhaps in the end proved embarrassing for the Pentagon.

Tyler Durden
Thu, 06/12/2025 – 05:45

Air India Boeing 787-8 Dreamliner Bound For UK Crashes

Air India Boeing 787-8 Dreamliner Bound For UK Crashes

An Air India Boeing 787 Dreamliner crashed shortly after takeoff from Sardar Vallabhbhai Patel International Airport in the western Indian city of Ahmedabad moments ago, according to the Times of India. 

“We are following reports of a crash of Air India flight #AI171 from Ahmedabad to London. We received the last signal from the aircraft at 08:08:51 UTC, just seconds after takeoff,” flight tracking website Flightradar 24 wrote on X. 

Dramatic footage of the aftermath has been posted on X. 

Boeing shares in premarket trading tumbled 8% following the 787-8 Dreamliner crash. 

*Developing.. 

Tyler Durden
Thu, 06/12/2025 – 05:20

Trump’s Travel Ban Courts Both Controversy And Support In Africa

Trump’s Travel Ban Courts Both Controversy And Support In Africa

Authored by Darren Taylor via The Epoch Times,

Some critics of President Donald Trump’s latest proclamation of bans from entering the United States on the nationals of seven African countries, and restrictions on three others, say these are unjustified and proof of American neo-colonialism and imperialism.

On the other hand, supporters and some experts said his measures are fair, as some of the countries concerned are terrorist havens, while others are poorly governed and don’t have the security systems in place to adequately screen and vet travelers.

The White House issued an executive order on June 4 prohibiting travel to the United States for citizens from Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Libya, Somalia, and Sudan, with some exceptions, such as existing visa holders.

In terms of the declaration, travel to the United States by people from an additional three African nations—Burundi, Sierra Leone, and Togo—is partially suspended.

Implementation of Trump’s order began on June 9.

Analysts said the change would affect many Africans who had legitimate reasons to live, work, and study in America, and would prevent many spectators from attending two major sporting events America is set to host, the 2026 Soccer World Cup and the 2028 Olympic Games.

The order excludes athletes from affected countries set to participate in the events.

In a statement reacting to his order, the African Union (AU) said it recognized the sovereign right of all nations to protect their borders and ensure the security of their citizens, but urged Trump to exercise this in a manner that is “balanced” and “evidence-based.”

The U.S. president said his move is in large part aimed at keeping radical terrorists out of America and is aimed at fulfilling his campaign promise to “make America safe again.”

South African counterterrorism expert, Jasmine Opperman, told The Epoch Times, “That’s exactly what this order is.”

“It’s evidence-based and very fair … It’s sensible, and [Trump’s] supporters will say it’s long overdue,” Opperman said.

“If you look at the African countries targeted by Trump, most are chaotic. They’ve been drowning in conflict and violence for many years and are very poorly governed. They are teeming with terrorists, and have been for a long time.”

Opperman said Trump “had no alternative but to act.”

“With their poor systems in regard to travel controls and passport security, and their non-existent borders—plus the tendency of nationals from most of these countries to disrespect visa terms and to overstay in the United States and become illegals—it has become untenable,” Opperman said.

Kenyan immigration lawyer, Caroline Mutisya, said Trump’s restrictions aren’t surprising.

“He took similar action during his first term. He restricted travel to the United States from several Muslim majority countries,” she told The Epoch Times.

“The ban was hit with legal challenges, but the Supreme Court upheld it, so opponents will have a very hard time to overturn the latest restrictions.

“From a legal point of view, they look watertight and Trump seems well within his rights to exercise this power.”

South African immigration lawyer Craig Smith agreed that “it will be difficult this time around to block the bans with lawsuits.”

“The bans are very much a part of the Trump administration’s ‘America First’ policy, which prioritizes the safety and security of the United States,” he told The Epoch Times. “It’s difficult to argue against bans on Somalia, Sudan, and Libya, for example, as these are hotbeds of Islamic extremism with little to no state control.”

Smith said Trump’s action is “fair in many respects, and courts will see it as such” should legal challenges arise. He noted that the restrictions don’t apply to refugees and those who’ve been granted asylum by the United States.

“More importantly, the proclamation doesn’t prevent individuals from all affected countries from seeking asylum or refugee status, and so more than likely it will not be declared discriminatory,” he explained.

However, Tagbo Agbazue, director of the Pan-African Center for Policy Studies in Johannesburg, told The Epoch Times the U.S. travel restrictions “will make many Africans feel persecuted” by the Trump administration.

“On the one hand, Africa hears wonderful things from U.S. officials about trade deals and closer economic ties. On the other hand, Mr. Trump cancels all financial aid to Africa and bans millions of Africans from his country while deporting others as illegal migrants.”

The U.S. president has said he has a “sacred duty” to protect Americans.

“Some of the named countries have inadequate screening and vetting processes, hindering America’s ability to identify potential security threats before entry,” Trump wrote in his order.

“Certain countries exhibit high visa overstay rates, demonstrating a disregard for U.S. immigration laws and increasing burdens on enforcement systems.”

Some of the affected countries “lack cooperation in sharing identity and threat information, undermining effective U.S. immigration vetting,” said Trump, while others have a significant terrorist presence or state-sponsored terrorism, posing direct risks to U.S. national security.

“Several countries have historically failed to accept back their removable nationals, complicating U.S. efforts to manage immigration and public safety,” the president added.

Chad’s government led the line of African countries criticizing the U.S. travel bans as “unjustified.”

Gassim Cherif, spokesperson for President Mahamat Idriss Deby Itno, told The Epoch Times: “As if we needed more proof, this action by Trump is evidence of American neo-colonialism and imperialism.

“The Americans, led by Trump, think they own the world. People from Chad do not need America. We will send our young people to study in other countries.”

Itno struck back with his own ban, suspending the issuance of visas to Americans.

“Chad has no planes to offer, no billions of dollars to give, but Chad has his dignity and pride,” Itno posted on X and Facebook, taking a swipe at Trump for accepting a jet as a gift from the government of Qatar.

Agbazue said Chad’s reciprocal action, while “purely symbolic” given the very low numbers of Americans who travel to the country, “represents the strongest action taken against a Trump directive so far by an African state.”

According to the State Department, several terrorist networks are active in Chad, which forms part of the highly unstable Sahel region. These include al-Qaeda, ISIS, and its affiliate, Boko Haram.

All these groups target Americans, whom they brand “apostates” and “infidels.”

Opperman said the Islamic extremists had killed “many thousands” of people in recent years.

However, she also warned that Trump’s travel ban on Chadians could affect the fight against terrorism across the Sahel.

“The Americans have been playing a pivotal part, together with Chad, in counterterror operations in the region, but relations will no doubt be strained now, and that tension could endanger U.S.–Chad military cooperation,” said Opperman.

Commenting on Trump’s travel restrictions on Somalia, the expert said the al-Shabaab terrorist organization had made the country “ungovernable” and a “danger to Western interests and Americans everywhere.”

The U.S. Africa Command (AFRICOM) describes the group, which aims to establish an Islamic caliphate in East Africa, “the largest, wealthiest, and most lethal Al Qaeda affiliate in the world today.”

According to AFRICOM, al-Shabaab has killed hundreds of people from Kenya, East Africa’s Western-friendly economic hub.

In 2017, it killed about 500 people with a truck bomb that exploded in Somalia’s capital, Mogadishu.

The U.S. military frequently destroys al-Shabaab bases in drone strikes and has killed several of the organization’s leaders in recent years.

Trump wrote in his executive order that Somalia “stands apart from other countries in the degree to which its government lacks command and control of its territory, which greatly limits the effectiveness of its national capabilities in a variety of respects.”

He wrote that “terrorists use regions of Somalia as safe havens from which they plan, facilitate, and conduct their operations. Somalia also remains a destination for individuals attempting to join terrorist groups that threaten the national security of the United States.

“The government of Somalia struggles to provide the governance needed to limit terrorists’ freedom of movement. Additionally, Somalia has historically refused to accept back its removable nationals.”

Referring to Congo, Equatorial Guinea, and Eritrea, Trump said many nationals from the countries tended to overstay in the United States, at a ratio of more than 70 percent in the case of Guinea.

About Eritrea, the president said his administration “questions the competence of the central authority for issuance of passports or civil documents” in the country.

“Criminal records are not available to the United States for Eritrean nationals. Eritrea has historically refused to accept back its removable nationals,” Trump said.

With regard to Libya, which has been riven by conflict since Colonel Muammar Gaddafi was overthrown and killed in 2011, Trump said the North African country has “no competent or cooperative central authority for issuing passports or civil documents.”

He wrote that the “historical terrorist presence within Libya’s territory amplifies the risks posed by the entry into the United States of its nationals.”

In its statement, the African Union said it is concerned about the “potential negative impact” of Trump’s travel restrictions.

“People-to-people ties, educational exchange, commercial engagement,” and “broader diplomatic relations that have been carefully nurtured over decades” could be harmed, the AU suggested.

It called on the Trump administration “to consider adopting a more consultative approach and to engage in constructive dialogue with the countries concerned.”

The AU appealed for what it called “transparent communication, and where necessary, collaborative efforts to address any underlying issues that may have informed” the U.S. leader’s travel bans.

Tyler Durden
Thu, 06/12/2025 – 05:00

Britain Threatened To Withdraw From ICC Over Israel War Crimes Probe

Britain Threatened To Withdraw From ICC Over Israel War Crimes Probe

Hungary created a stir when in early April it withdrew from the International Criminal Court (ICC), expressing outrage over The Hague-based court’s arrest warrant for Israeli Prime Minister Benjamin Netanyahu and Minister of Defense Yoav Gallant.

But a new report has revealed that Britain too had threatened to defund and withdraw from the ICC if it issued the arrest warrants for the Israeli leaders.

ICC Prosecutor Karim Khan, ICC-CPI

A fresh report in Middle East Eye has revealed that then foreign secretary David Cameron made the threat in April 2024. This reportedly came during a tense and angry phone call with the British chief prosecutor of the court, Karim Khan.

While this UK threat had not been made public at the time, a statement by Khan had warned, “I insist that all attempts to impede, intimidate or improperly influence the officials of this Court must cease immediately.”

He urged that the court must be allowed to carry out their work with “full independence and impartiality.” Thus it seems that ‘interference’ in part came from London, though it was widely assumed at the time that it was only Israeli officials trying to sabotage the court’s work.

According to details revealed in Middle East Eye:

MEE can reveal details of the call based on information from a number of sources – including former staff in Khan’s office familiar with the conversation and who have seen the minutes of the meeting.

Cameron told Khan that applying for warrants for Netanyahu and Gallant would be “like dropping a hydrogen bomb”.

Cameron said it was one thing to investigate and prosecute Russia for a “war of aggression” on Ukraine, but quite another to prosecute Israel when it was “defending itself from the attacks of 7 October”.

He claimed the warrants would have “profound implications” in Britain and within his own Conservative Party. Cameron then said that if the ICC issued warrants for Israeli leaders, the UK would “defund the court and withdraw from the Rome Statute”.

Of course, Britain didn’t actually end up withdrawing, but the episode underscores the total loyalty that the US and UK have for their ally Israel, and that their essentially seems to be a ‘blank check’ for Tel Aviv’s actions.

Cameron while secretly clashing with the ICC’s Khan had at one point questioned why the ICC wouldn’t prosecute Iranian leaders for launching attacks on Israel. Cameron charged the the ICC was “losing the plot”.

Tyler Durden
Thu, 06/12/2025 – 04:15

A Message To Georgians: America Will Not Protect You

A Message To Georgians: America Will Not Protect You

By Libertarian Institute Director Scott Horton

A speech to the Tbilisi Summer Forum on June 6, 2025 [emphasis ZH]…

No offense, but Georgia’s interests are just none of my affair. It’s such a long way from here. I know my government has been messing around there since the 1990s, picking winners and losers, making big promises and causing lots of trouble.

Keeping Russia out of their former sphere of influence was thought by Washington to be its most important goal.

Under the Bill Clinton administration, it was decided that building the BTC Pipeline across Georgia was the highest priority – to prevent Azeri gas from flowing north through Russia or south through Iran.

Under George W. Bush, it was decided that the government of Edward Shevardnadze was too close to Russia, compromising with them over Abkhazia, making deals with Gazprom, and joining the CIS, and had to go.

USAID, the National Endowment for Democracy (NED), and the rest of the regime change industry poured in tens of millions of dollars to support the groups supporting Mikhail Saakaashvili’s rise and the Rose Revolution of 2003, which installed him in power. This included a Soros front called the Liberty Institute – not to be confused with the Libertarian Institute, I assure you.

As I’m sure you all know, former President Salome Zourabichvili was born in France, not Georgia, and was just parachuted in by the new regime to take over as Finance Minister after the overthrow of 2003. She later explained that:

“These institutions were the cradle of democratization, notably the Soros Foundation. …The NGOs which gravitate around the Soros Foundation undeniably carried the revolution. However, one cannot end one’s analysis with the revolution and one clearly sees that, afterwards, the Soros Foundation and the NGOs were integrated into power.”

Soros’s business partner Kaka Bendukidze became the new economy minister. Alexander Lomaia, the director of Open Society Georgia, was made education minister. At the same time, Giga Bokeria, co-founder of the Liberty Institute, became the leader of the National Movement party in the parliament. In the name of fighting against corruption, they stayed on Soros’s payroll. Saakashvili too.

“I’m delighted by what happened in Georgia, and I take great pride in having contributed to it,” Soros told the Commission on Security and Cooperation in Europe.

How y’all let her become the president of the country is a mystery. Oh yeah. All the foreign money.

I sure hope that Mr. Saakashvili’s trial was more fair than his opponents received while he was in power. And that Saakashvili is not being tortured in prison the way his regime tortured people. No human deserves to be treated in such a barbarian fashion.

Do I believe Georgia country is better off under the domination of Russia or any other significant power?

Of course not. But I do mean that American intervention is not in the interest of either country.

I’ve read that current Georgian leaders have expressed frustration that they have not been able to reach the new Trump administration to see if they can get a reset in America’s Georgia policy. Be careful what you wish for. Georgians are more likely to be better off when America does not have a Georgia policy at all than even a favorable one, with strings attached.

As far as the difficulties Georgia may face in maintaining full independence as a small country in a world of major competing powers and Georgia’s advantageous or disadvantageous geographic position relative to important resources, I could not say what your best solution must be.

I could say that at the end of the day, America will not guarantee Georgia’s independence, which is why there is no major U.S. troop presence there, and why NATO membership has not moved forward since W. Bush’s foolish declaration at Bucharest in April 2008.

Perhaps maintaining Tbilisi’s neutrality in these major contests could be the path to maintaining independence from outright control.

Even after Russia intervened to reverse Saakashvili’s attempt to forcefully reintegrate South Ossetia in 2008, Moscow did not sever the BTC, nor roll its tanks into Tblisi, thank goodness. Though Putin and Medvedev had plenty of counter-incentives, they certainly had the pretext to go that far if they had chosen to do so.

President Bush, in his lame-duck year, had already chosen not to intervene, despite the protests of then-Vice President Cheney, who insisted on strikes against Russian forces coming through the Roki tunnel, risking World War III.

Thank goodness the cool, patient wisdom of George W. Bush, relative to Cheney anyway, prevailed that day.

Surely Russia would have escalated in kind, and Tbilisi would have lost its independence to the Federation after Bush had inevitably backed down. Thank goodness it did not come to that.

Making sure the Russians continue to feel like such a move would be unnecessary and unreasonably costly would probably be the best course of action.

Of course, USAID, NED, IRI, NDI, and all the usual suspected Soros-backed groups have spent a ton to keep the current ruling party out of power. I’m sure the permanent professional protestors — analyst Brad Pearce calls their rallies an “organized labor protest by the foreign influence industry” — have some real concerns, just as I’m sure that any protestor receiving the backing of a foreign regime can only be taken so seriously by anyone else.

Again, ultimately, America is too far away and has too little to lose if Tbilisi’s status were to truly change to truly be motivated to do anything about it. When Russia came across the mountains in 2008, many Americans were terrified – they thought that our Georgia was under attack, the state between South Carolina and Florida. They either had never heard of your country, or they could not fathom why it being invaded should be top news in Colorado or Illinois. That Russia would attack America out of the blue seemed to them more plausible, at first glance, at least.

That being the case, Georgians are almost certainly better off choosing the proper course forward for their country with that in mind. Because chances are that if worse comes to worst, no one over here is coming to intervene over there.

Long live Georgia and its independence, good luck.

And may liberty always remain your highest political goal.

Thank you.

Tyler Durden
Thu, 06/12/2025 – 03:30

Russia Won’t End Ukraine War Until NATO Pulls Forces Out Of Eastern Flank

Russia Won’t End Ukraine War Until NATO Pulls Forces Out Of Eastern Flank

A top Kremlin official was quoted in Newsweek this week warning that Russia won’t end the Ukraine war until NATO pulls its troops out of the Baltic and ‘eastern flank’ states.

Russia’s Deputy Foreign Minister Sergei Ryabkov demanded that NATO must withdraw its troops from the Baltic region. Russia has long seen the Baltics as very near, and its sphere of influence, also given its territory of of Kaliningrad. 

“The American side requires practical steps aimed at eliminating the root causes of the fundamental contradictions between us in the area of security,” he had said, originally in state TASS.

“Among these causes, NATO expansion is in the foreground,” he emphasized. “Without resolving this fundamental and most acute problem for us, it is simply impossible to resolve the current conflict in the Euro-Atlantic region.”

NATO’s ‘eastern flank’ closer to the start of the Ukraine war – forces have since grown…

“Given the nature and genesis of the Ukrainian crisis, provoked by the previous U.S. authorities and the West as a whole, this conflict naturally acts, well, if you like, as a test, a trial, which checks the seriousness of Washington’s intentions to straighten out our relations,” he said.

Ryabkov said Moscow’s position all along has been that the Western military alliance “not deploy strike weapons near Russian border.”

“In any case, reducing NATO’s Eastern European contingent would likely boost the security of the whole continent,” he concluded.

Such a broader ultimatum was actually issued just before the full-scale invasion, but was not heeded. In fact, countries like Estonia, Latvia, and Lithuania have only grown more hawkish and vocal in their anti-Moscow rhetoric, and have even taken legal action against the Russian Orthodox Church in the Baltics.

A very provocative and sensational alert issued by German intelligence…

Newsweek has meanwhile reviewed that “NATO maintains a strong military presence on its eastern flank in Europe, with multinational battle groups and brigades stationed in Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.”

* * *

Michael Every of Rabobank has commented the following of this renewed Kremlin demand…

In geopolitics, Russia warned it won’t end the Ukraine war until NATO pulls its troops out of the Baltic states. Whatever asset you look at, take a step back and think about that for a moment. 

Is that a bluff – how can you know? Does it mean the EU surrendering those states back to Russian influence – and where afterwards? That’s the end of the EU as we know it, let alone the version that breezily states it wants to expand to Moldova, next to a Russian client state, and Georgia, next to Russia itself.

Or it implies a permanent state of EU-Russia hostility —the latter not with “an economy the size of Italy”, but a war economy with a purchasing power parity of $7 trillion and a world of physical resources— with profound implications for both sides socio-politically, economically, and financially. 

Tyler Durden
Thu, 06/12/2025 – 02:45

Hungary Sues European Commission Over €1 Million-A-Day Migrant Fine

Hungary Sues European Commission Over €1 Million-A-Day Migrant Fine

Authored by Thomas Brooke via Remix News,

The Hungarian government has launched a legal challenge against the European Commission’s decision to impose a daily €1 million fine over the country’s refusal to accept illegal migrants. György Bakondi, the chief security advisor to Prime Minister Viktor Orbán, announced on Wednesday that Budapest will file a lawsuit with the European Court of Justice.

Appearing on TV2’s “Mokka” program, Bakondi said Hungary will not comply with the European Union’s new Migration Pact, which he described as “a clear call for illegal immigrants to be allowed in.” He emphasized that Hungary remains committed to its sovereignty and national security, and refuses to be pressured into taking in individuals who entered the bloc unlawfully.

The lawsuit will be led by a team of lawyers with what Bakondi called “a serious reputation,” including two former members of the European Court of Justice.

Hungary’s resistance to EU migration policy is not new. In 2015, the country faced a surge of more than 400,000 illegal border crossings within two months. In response, the government implemented border fences and legal restrictions to halt the flow. Officials credited these measures with preventing the emergence of terrorist threats, no-go zones, and the overburdening of public services.

In a national referendum in 2016, 98 percent of those who voted rejected the proposal to allow the European Union to mandate the obligatory resettlement of non-Hungarian citizens into Hungary without parliamentary approval. The referendum had a 44 percent turnout, under the 50 percent threshold required to be considered valid.

The Orbán administration had already signaled its intent to take legal action against Brussels back in December, setting aside 600 million forints (approximately €1.5 million) to fund the court battle.

Hungary has consistently pushed for a rethinking of the EU’s asylum policy, including relocating asylum processing to centers outside of EU territory. Orbán reiterated this stance on Monday during a speech at a Patriots for Europe rally in France.

“What is happening is not migration,” he said. “It’s an organized exchange of people to replace Europe’s cultural base. For us, €1 million a day is a lot of money, but we’d rather pay than let anyone in illegally. It’s the best investment for the future.”

The European Commission has not yet publicly responded to the lawsuit.

Read more here…

Tyler Durden
Thu, 06/12/2025 – 02:00

Escobar: How To Fact-Check Techno-Feudalism

Escobar: How To Fact-Check Techno-Feudalism

Authored by Pepe Escobar,

The Global Digital Forum last week in delightful Nizhny Novgorod represented a landmark in the quest for a more equitable media landscape across the whole Global South.

Pride of place was taken by a new ambitious association, the Global Fact-Checking Network (GFCN). The last session of the forum was focused essentially on how to fight all the toxic declinations imposed by the post-truth anti-cultural ambiance – as in fact-checking an avalanche of fake news coming in most cases from states and official institutions.

Guest of honor was superstar Russian Foreign Minister spokeswoman Maria Zakharova, relaxed, in great spirits, who went full Deng Xiaoping by urging everyone to “fight for the truth and seek out the facts”.

By a twist of fate, the timeline left me with only two minutes to somehow wrap up our quite enlightening discussion. So I went hardcore and quoted Nietzsche: “There are no facts, only interpretations”. Later on, I was surprised at how that had struck a nerve especially among African delegates.

The key point is that in the artificially fabricated post-truth environment, not only facts are only facts if we say so; most of all, only one interpretation is allowed – be it from the Empire of Chaos, whoever may be in power, or from a Kafkaesque mechanism such as the European Union (EU)/European Commission (EC).

If you deviate from the official interpretation, they will come after you. That has led, for instance, in Europe, to journalists/EU citizens being prevented even from traveling to their own nation-states, and having their accounts frozen, or EU citizens being prevented from covering a supposedly democratic election (in Romania), and immediately deported (outside of the EU).

A startling essay on Nietzsche amplifies the diagnostic of Europe’s current cultural suicide. Nietzsche was an “untimely” outsider, a steppenwolf, pledging allegiance to no one and nothing, silently grappling with “the flat exhaustion of bourgeois modernity”, and searching, in vain, for “silhouettes among shadows”.

Nietzsche, in the late 19th century, was already a symbol of Resistance. Resistance as we see it today – from the Axis of Resistance in West Asia to Orthodox Christian military batallions fighting for the freedom of Novorossiya. No ceremony ever greeted Nitzsche: he was always alone. He shattered illusion after illusion as his solitude “became liturgy” and “his body turned into protest.” He impersonated “the ghost of nobility”. A species in extinction – indeed.

Tech visionaries want it all

That crystal clear Nietzsche intuition – arguably the best definition of truth in the history of philosophy – may be our guide in the labyrinth of post-truth where, to quote post-modernist masterpiece Twin Peaks, “the owls are not what they seem”.

Errol Musk, Elon’s father, showed up early this week in Moscow for the Future 2050 forum. Daddy Musk effusively showered praise on Russia as Ancient Rome 2.0 and Moscow itself as the “capital of the world”. Quite on point – in both cases.

But what really matters is why Daddy Musk is in Russia. That may align with a strategy of luring powerful sectors of Silicon Valley into doing business with Russia. Main actors/participants would be tech visionaries which used to be part of the notorious PayPal Mafia: Elon Musk and Peter Thiel.

That may pose a series of serious problems. Martin Armstrong has been instrumental in portraying this band of tech visionaries as a ubiquitous new oligarchy: active in social media, biotech, space, the surveillance industry, engineering policies and influencing monetary systems with their hardcore brand of venture capitalism, and not to mention shaping worldwide-interfering narratives.

The new tech elite shines brightly via the Trump-Musk love affair turned staged catfight. But its tentacles reach much further. J.D. Vance is Peter Thiel’s perfectly positioned candidate to become the next POTUS. Palantir, controlled by Thiel and totalitarian Alex Karp, have been awarded a massive contract to design a U.S. federally centralized database using very sophisticated AI models.

Trump’s Big Beautiful Bill is heavy on AI – including a 10-year moratorium during which any U.S. state and local government  cannot regulate AI. This will allow free reign for deepfakes and Big Tech doing whatever they feel like to manipulate unsuspecting consumers.

So that’s the key question. How to fact-check the tech elite? How to counterpunch multiple instances of techno-feudalism – when tech companies feed intel to governments, commit unlimited funds to political operations, and set up censorship platforms disguised as “democracy”, drenched in AI-generated fake news?

Go East, to Siberia, young man

At least there are auspicious signs on the other side of dystopia. And right here in Russia. This is a mesmerizing interview by Nora Hoppe and Tariq Marzbaan with legendary Prof. Sergey Karaganov, Honorary Chairman of the Council for Foreign and Defence Policy (Russia’s leading public foreign policy organisation) and academic supervisor at the Higher School of Economics in Moscow.

Welcome to a magic carpet ride through the really deep origins of Russia’s heritage. Starting with the Scythians: “Now we are rediscovering within ourselves these roots that unites us with the peoples of Eurasia.”

All the way to Byzantium: “The Russian princes, who baptized Russia, chose Byzantium ― at that time the richest, the most developed and intellectually flourishing country in Central Eurasia, much more developed than Europe was (…) The Russian princes’ astute choice of Byzantium largely predetermined Russian culture, Russian architecture, and, of course, Russian religion, that is, our Orthodoxy.”

And then reaching Pax Mongolica: “The Mongol Empire left a deep mark on Russian history also, because it was multicultural and very tolerant religiously, and this is where I think (although there is no complete agreement amongst historians on this matter) the Russians ― the dominant people in the former Russian Empire and the USSR ― inherited their unique cultural, religious, and national openness.”

Karaganov forcefully proposes that everything positive about Pax Mongolica should be re-examined to “substantiate the unity of Eurasia.” And “we must rely just as much on the heritage of the Scythians, who were the forefathers of so many peoples in Greater Central Eurasia.”

This is the essence of a true multipolar Russia in action – leading to the fascinating concept of “Siberianization”: a “spiritual, cultural, political, and economic development of Russia in the eastern direction to the Urals and Siberia. The western direction of our policy and economic ties has bleak prospects.”

Karaganov, whose analyses are deeply appreciated by President Putin, is adamant: it all amounts to a “civilizational struggle against techno-barbarism and techno-paganism”, and “against dehumanization”. Against, essentially, techno-feudalism.

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

Tyler Durden
Wed, 06/11/2025 – 23:05

Oklo Shares Surge 29% After DOD Contract To Power Air Force Base

Oklo Shares Surge 29% After DOD Contract To Power Air Force Base

Oklo is starting to develop a real knack for catching short sellers offsides…

In what is one of what we believe will be many similar announcements, Oklo shares surged 29% on Wednesday after the company was named the intended awardee for a Department of Defense project to deliver clean energy to Eielson Air Force Base in Alaska.

The Defense Logistics Agency Energy issued a Notice of Intent to Award (NOITA), designating Oklo as the preferred provider following a competitive evaluation process.

Under the proposed agreement, Oklo will design, build, own, and operate an Aurora powerhouse—a microreactor that provides both electricity and heat—at the remote military base.

The project is part of the Department of the Air Force’s microreactor pilot aimed at improving energy resilience and reliability at national security facilities. The Aurora reactor uses fast reactor technology and is designed to operate independently from the grid, which is critical for remote sites like Eielson.

CEO Jacob DeWitte said the NOITA demonstrates continued confidence in Oklo’s ability to deliver reliable energy solutions for mission-critical infrastructure. The deal represents a major step forward in commercializing Oklo’s technology and highlights growing federal support for next-generation nuclear systems.

Investor response was swift, with the stock seeing its biggest one-day gain since the company went public, driven by optimism about Oklo’s ability to secure long-term revenue through government-backed deployments.

Recall, as we noted back in May, Oklo is positioning itself for a potentially favorable regulatory environment. The company is in a pre-application readiness process with the NRC and plans to submit a formal license for its expanded 75-MW design by Q4 2025. It’s targeting late 2027 or early 2028 for initial operations at its Idaho National Laboratory site.

Oklo is one of eight companies eligible for the Pentagon’s Advanced Nuclear Power for Installations program and is investing in fuel recycling capabilities.

The company also holds about 14 GW of nonbinding agreements with data centers and industrial users. The recent departure of Sam Altman from the board, due to a potential conflict of interest with OpenAI, clears the way for future commercial partnerships.

Oklo maintains close ties to the Department of Defense, primarily through CEO Jacob DeWitte, who has participated in high-level government events related to nuclear policy alongside defense officials.

The company’s board has also included retired Lieutenant General John Jansen, further reflecting its alignment with national security interests as it pursues military microreactor deployments.

Short sellers had targeted Oklo earlier this year, citing it as an overvalued “story stock” with no regulatory-approved design, no current revenue, and underestimated timelines and costs—labeling the company’s projections “beyond optimistic” and estimating it needs billions in additional capital.

Oklo has used the surge in its stock price to raise hundreds of millions in additional capital. This could easily give the company the better part of a decade in cash to operate at its current burn rate. Meanwhile, about 12–15 million shares are still currently short—roughly 10–12% of the float.

Tyler Durden
Wed, 06/11/2025 – 22:40

How Much Higher Can Platinum Go: “It Feels Like Someone Is Loading Up On A Flat Price Position”

How Much Higher Can Platinum Go: “It Feels Like Someone Is Loading Up On A Flat Price Position”

Yesterday, in “What’s Behind The Recent Surge In Platinum, And Will It Continue“, we not only explained in detail what is going on both at the technical and fundamental level, but also answered in the affiramtive and why – yes, it the surge will continue. One day later the surge has indeed continued, and having decisively broken $1200 earlier this week, platinum spiked another $100, touching a session high of $1285, and is now just dollars away from the post-covid high above $1300. 

For some perspective on what comes next, we go to Goldman materials specialist James McGeoch who writes today that having cut through $1200 like a hot knife through butter, Platinum is now clearly targeting $1300, and even though the precious metal is overbought here, it is going to test some resolve to go against the flow.

As McGeoch adds, “I’d say look at the chart, but it will make you cry, as it starts the move comes from Asian hours and we know they cannot get enough precious” and furthermore, it “feels like someone loading up on a flat price position.”

Ultimately, to the Goldman trader, it feels like the price of platinum is determined by fundamentals vs momo, but that is markets in a nutshell. To James, his mind “always says has to be a long duration hand, tactical guy cannot buy that shape, but have been wrong before, ask these guys what they think – “Gold, Platinum and Why Everyone Has it Wrong.”

In a nutshell, “the issue for most is how does it move the needle, small wins yes, bigger ones harder to capture.”  

Unless, of course, the Chinese buyers – who have historicall been very price discriminate no longer are – and this time the melt up momentum only brings with it even more momentum, blasting the metal to parity with gold, if not higher.  

A more sketpical view was published today by Goldman’s precious metal analyst Lina Thomas, who notes that the platinum breakout began on May 20, coinciding with the start of Platinum Week (May 20-21) and a bullish World Platinum Investment Council (WPIC) report published on the day prior. However, as we subsequently reported and as Goldman also writes today, it was speculative and ETF demand that fueled the rally to $1,280/toz.

We agree with Goldman on this, where we disagree with the bank is its claim that “a sustained breakout is unlikely for three reasons.”  Goldman’s three reasons to be bearish are the following:

#1 Price-Sensitive Chinese Demand

Chinese buying, which corresponds to about 60% of new annual platinum production, appears highly price sensitive, with increased buying when prices are low but reduced buying when prices are high.

Goldman believes that this strategic buying has likely contributed to platinum’s range-bound trading over the past decade. Nearly 50% of China’s imports are driven by price-sensitive jewelry and investment demand. For instance, lower prices post-the ‘Liberation Day’ US tariff announcement contributed to higher platinum withdrawals from the Shanghai Gold Exchange (SGE), a proxy for Chinese jewelry and, to a lesser extent, investment demand, in April and consequently high Chinese platinum imports that month. But – the bank argues – the rally that started in mid-May appears to have already curtailed Chinese jewelry (and investment) demand for platinum. Which however is irrelevant if speculators have enough firepower to keep pushing the ascent higher, in which case Chinese jewelers will eventually be forced to chase the price again, only this time much higher. 

#2 Downside Pressures on Auto Sector’s Demand for Platinum

Here, Goldman repeats the trite and familiar “fundamental” case why platinum demand is evaporating because very soon nobody will be driving ICE cars, and yada, yada. To wit: China’s rapid shift towards EVs is eroding long-term autocatalyst demand for platinum (which depends on ICE and hybrid car sales) while simultaneously increasing scrap availability as ICE vehicles are retired. Which is a lovely, if categorically false thesis, because China is already facing a resistance threshold in its power grid, beyond which it will no longer be able to support all the EVs on the road. What happens then? And what happens when Chinese EV subsidies finally run out. 

Meanwhile, in the West, Goldman’s autos equity analysts expect the ICE and hybrid vehicle fleet to remain relatively stable, with no large impact on the platinum balance

#3 Stable-to-Moderately Higher Global Supply

In an attempt to re-engage at the fundamental level, Goldman expects stable-to-moderately higher global platinum supply… unless South African power constraints re-emerge, which they will. Platinum production is highly geographically concentrated, with South Africa accounting for 70% of primary platinum production, with most of the remainder coming from Russia.

In South Africa, which is a country that has rolling blackouts for half the day, guidance from the major PGM miners points to moderate increases in PGM supply (12% year-over-year in 2025). The supply resilience is most likely fabricated as it defies the impact of years of low platinum prices and compressed margins, and so expect declining South African production in the coming years. 

Platinum production is primarily a byproduct of other metals, such as copper, and is co-mined with other Platinum Group Metals (PGMs) such as palladium and rhodium. Consequently, the PGM basket price (denominated in ZAR) and revenue derived from associated metals — rather than just the platinum price — heavily influence the overall profitability of these mining operations. Periods of high prices for byproduct metals, such as the near-record chrome prices in 2024, can provide financial relief and offset downward profit pressure from lower platinum prices

Here Goldman admits that PGM production cannot be easily increased due to capacity constraints, which is bullish for the price; alternatively, significant curtailments are also rare due to a high proportion of fixed costs inherent in these operations, particularly energy and labor. The heavily unionized nature of South Africa’s mining sector makes layoffs “politically sensitive” and doing so could increase the risk of strikes, social unrest and reputational damage. These socialist factors support a strategy in which mines operate at a high capacity utilization without materially increasing output; in other words just churning. Lower capex guidance – similar to the US shale patch – suggests producers are focused on extracting more from existing assets

Goldman’s optimistic view notwithstanding, the main risk to production remains operational disruptions and thus South African power outages and labor strikes represent the most significant threats to supply. Such events can halt production entirely and lead to substantial, albeit often temporary, supply deficits.

More in the full Goldman note available to pro subscribers.

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Tyler Durden
Wed, 06/11/2025 – 22:09