Dutch right-wing leader Geert Wilders has pulled his Freedom Party (PVV) from the country’s ruling coalition after issuing an ultimatum last week demanding tougher action on curbing the migrant crisis. With no agreement, Wilders, whose party held the most seats, quit the coalition in The Hague, plunging the Netherlands into political uncertainty.

“No signature for our asylum plans. No changes to the Main Outline Agreement. PVV leaves the coalition,” Wilders wrote on X earlier. 

“The PVV promised voters the strictest asylum policy ever,” including a hard-line 10-point plan to “close the borders to asylum-seekers,” Wilders told reporters earlier. He noted that when coalition partners (populist Farmer-Citizens Movement (BBB), the centrist New Social Contract (NSC), and the liberal People’s Party for Freedom and Democracy (VVD)) disagreed on the new plans, “I had no choice but to say: We rescind support for this Cabinet.” 

The four-party coalition lasted 11 months and was fraught with frequent disputes. 

Geert Wilders has just left the coalition government because he doesn’t want to compromise on immigration. pic.twitter.com/x6HI7f6zw6

— Visegrád 24 (@visegrad24) June 3, 2025

At a press conference last Monday, Wilders unveiled the border plan to reduce migration and dismantle existing asylum policies. He warned the coalition that failure to adopt the plan would trigger the PVV’s withdrawal.

“Our patience has run out now,” PVV’s leader said at the time, adding his party has been “very reasonable and very patient” over the past year while waiting for tougher migrant policies. 

“My limit, and the limit of a lot of Dutch people, has been reached,” he noted, emphasizing, “Holland must become Holland again. The PVV will wait no longer.”

Onze vrouwen onveilig zoals hier, het zal je dochter maar zijn. Het tuig kent geen grenzen maar onze grenzen staan nog veel te wijd open. Die moeten dicht en snel ook! #PVV pic.twitter.com/DbufqSJrId

— Geert Wilders (@geertwilderspvv) June 1, 2025

So what’s next? 

Politico offered key insight:

Ministers are meeting Tuesday to decide what’s next, although the assumption is that the prime minister will offer up the resignation of his cabinet.

Leftist corporate media have framed Wilders’ PVV exit as a “tantrum” or evidence of “political chaos.” In reality, it’s anything but. Voters sent him to The Hague with a clear mandate: curb inbound migration flows and dismantle existing asylum policies. He didn’t win on promises of compromise—he won by pledging to stop the migrant crisis that has very much doomed parts of Europe. 

More broadly, right-wing movements across Europe have surged by focusing on the continent’s out-of-control migrant crisis, securing political gains this year in Germany, Poland, Austria, Portugal, and Romania.

On Sunday, nationalist conservative Karol Nawrocki was elected president of Poland and won based on immigration, abortion, support for Ukraine, and Polish integration with the rest of Europe.

By Tsvetana Paraskova of OilPrice.com

Russia’s natural gas deliveries via pipeline to Europe jumped by 10.3% in May compared to April, data calculated by Reuters showed on Monday.

Last month, Russia’s gas giant Gazprom sent 46.0 million cubic meters of natural gas via the only remaining route to Europe – TurkStream, per the Reuters estimates based on data from Entsog, the European gas transmission group.

The deliveries in May compare to 41.7 million cubic meters per day that Russia supplied in April.

Year to date, Russia’s deliveries via TurkStream rose compared to the first five months of 2024—to 7.2 billion cubic meters this year, up from 6.6 billion cubic meters last year, Reuters’s calculations showed.

Russian gas supply via pipelines to Europe has slumped since 2022, after Russia cut off many EU customers from its gas deliveries, and Nord Stream stopped supplying gas to Germany, after Russia reduced flows and after a sabotage in September 2022.

Russian gas still accounts for more than 15% of the EU’s gas deliveries, including by pipeline and via LNG imports.

The EU has reduced the share of Russian gas imports, from 45% of all gas imports before 2022, down to 18% now, European Commission President Ursula von der Leyen said at the end of April.

Russian pipeline gas supply via Ukraine stopped on January 1, 2025, after Ukraine refused to negotiate an extension to the transit deal.

However, some European countries, including Hungary, continue to receive Russian gas through the TurkStream pipeline via the Balkans.

Last month, the EU unveiled a roadmap to end dependency on Russian energy.

The roadmap calls for the EU to stop all imports of Russian gas by the end of 2027 by improving the transparency, monitoring, and traceability of Russian gas across the EU markets. New contracts with suppliers of Russian gas will be prevented and spot contracts (for immediate payment) will be stopped by the end of 2025, the European Commission said.

Boeing’s 737 MAX production reached 38 jets in May, according to a new report, marking a stabilization at the Federal Aviation Administration’s (FAA) monthly production cap. The company’s best-selling aircraft has seen monthly output fluctuate between the single digits and 30s amid a series of crises that have battered its finances and strained employee morale.

The Air Current, citing sources familiar with production figures, reported that Boeing’s narrow-body jet output hit 38 units in May—the first time the company has reached that level since late 2020.

Reaching 38 per month inside its Renton, Washington factory is a major industrial milestone for the struggling planemaker as it works to rebuild trust and regain solid strategic footing after years of safety crises, development delays, industrial issues, leadership, and toxic wokeism. 

Last month, Reuters cited sources saying Boeing was “on track to produce about 38” of the popular single-aisle airplanes in May.

Boeing CEO Kelly Ortberg told investors last week, “We’re very close—getting very close to achieving that 38 per month rate.”

Since the mid-air panel blowout on a 737 MAX in early 2024, the FAA has capped production at 38 jets per month. Boeing must now demonstrate consistent output at that level for several months before it can request a higher cap.

After losing nearly $12 billion in 2024, Boeing must increase 737 Max output, which represents its biggest cash cow, to shore up its balance sheet. 

In early May, Goldman analyst Noah Poponak showed clients Boeing’s monthly aircraft deliveries by type (through April), which indicated that Max jet production had plunged to single digits in late 2024, then bounced between the 20s and 30s from January to April.

“For 2025, Boeing expects to deliver around 400 737 MAX and 80 787; and we think the company is tracking to the underlying production rate assumptions required to achieve those targets, then continue growing beyond this year. We are Buy rated on the stock,” Poponak said last month. His 12-month price target is $212

Authored by Oscar Zarraga Perez via BitcoinMagazine.com,

On Friday at the 2025 Bitcoin Conference in Las Vegas, the CEO of Tether Paolo Ardoino talked about the investments, inventions and Bitcoin mining of Tether.

Paolo Ardoino began his speech by saying, “last year we made $13 billion in profit. We keep a $120 billion blast in US treasuries as of now. We have committed to bring re-invest a lot into Bitcoin. We now have more than 100,000 Bitcoin that we own as a company.”

JUST IN: Tether announces it owns over 100,000 #Bitcoin and more than 50 tons of gold. pic.twitter.com/0Ja83hCs1H

— Bitcoin Magazine (@BitcoinMagazine) May 29, 2025

“Bitcoin is perfect, gold is imperfect,” said Paolo

Ardoino explained a little of their history with Bitcoin.

“We are a company that was born with Bitcoin,” stated.

”We are all Bitcoiners at heart. Everyone in our company loves Bitcoin.”

El Salvador has been a supporter of Bitcoin and Paolo mentioned, “we have our headquarters in El Salvador, the original Bitcoin country. We support el Salvador.”

During his speech, he made a big announcement of Tether becoming the biggest Bitcoin miner in the world. 

“We invested 2 billion in energy production and bitcoin mining actually is a bit more than that. Something that we have been very shy to say, but I think that it’s very realistic that by the end of the year, Tether will be the biggest Bitcoin miner in the world, even including all the public companies.”

Ardoino mentioned their new AI system made for society and not for corporations. 

“I want my AI agent to have a non-custodial wallet, so I can grant him some money. The money is kept by the AI agent and the AI agent will work for me. Will not work under the rules and conditions of someone else,” announced Ardoino. “We have announced our AI platform recently. It’s called QVAC.”

Closing, Ardoino talked about their investment with Rumble and their new project.

He stated, “we are collaborating to launch a Rumble Wallet that will be Bitcoin first and a little bit of stable coins wallet for the people.”

Authored by Rainer Zitelmann via RealClearMarkets,

The most undervalued industry in the world is the space industry. It is particularly unappreciated in Europe, which has now fallen hopelessly behind the United States and China. The US carried out 153 launches last year, China 68 and Europe three.

The science fiction author Arthur C. Clarke wrote back in 1977: “The impact of satellites on the entire human race will be at least the same impact as the advent of the telephone in so-called developed societies”. And he was right. Satellite mega-constellations such as Starlink, Qianfan, Kuiper, and Sat Net will ensure that the third of the world’s population that does not currently have access to the internet will soon be connected – with far-reaching economic implications.

CNBC has called space “Wall Street’s next trillion-dollar industry”, and according to a study by the World Economic Forum in April 2024, the space economy is expected to be worth USD 1.8 trillion by 2035. Morgan Stanley expects a space-based business to create the world’s first trillionaire.

Following the moon landings at the end of the 1960s and beginning of the 1970s, manned space flight in the U.S. all but stalled, largely due to political interference. Each new president came to office with new ideas and new priorities, and contracts were too often awarded or simply cancelled on blatantly political grounds.

NASA’s space shuttle program failed to live up to expectations. Despite the substantial investments made in the International Space Station (ISS), questions remain as to whether the money was spent wisely. And the launch costs, measured as the cost of getting one kilogram of payload into space, more or less stagnated for almost four decades.

It was private companies that achieved the breakthrough, driving launch costs down by approximately 80%. And this is just the beginning. Space exploration once again proves the superiority of capitalism. The space race between the Soviet Union and the United States in the 1960s has now been replaced by a contest between the United States and China. But there is one crucial difference: during the original space race, the U.S. and USSR space programs were both state-led. Yes, private companies also built rockets for the Apollo program, but those companies were given strict and narrow guidelines by the state space agency NASA, which told them exactly how to construct a rocket and led to high costs as the companies followed NASA’s instructions meticulously. Through cost-plus programs, there was not the slightest incentive to reduce costs; instead, the companies were incentivized to increase costs.

The relationship between NASA and private companies has changed dramatically in recent years. Elon Musk insisted on fixed prices and instead of telling SpaceX what to build, NASA specified what services it wanted to buy. The result: of 261 space missions worldwide in 2024, 134 were launched by SpaceX. If SpaceX were a country, it would by far surpass the second-largest country in the world, China, which registered 68 launches.

Even today, private space travel is hampered by superfluous regulations and government interference, particularly in Europe, but also in the United States. I suspect that a key reason for Elon Musk’s foray into politics is that he wanted to find a way to liberate private space companies from the growing bureaucratic burdens in the U.S.

The outcome of the new space race – whether China or the United States emerges victorious – will largely depend on which country grants more freedom to the growth of private space exploration. Currently, the United States is well ahead, but it would be dangerous to underestimate developments in China, which is also reducing its reliance on an exclusively public sector space program and is increasingly involving private companies.

Rainer Zitelmann is a German historian, sociologist and multiple bestselling author, whose books include “How Nations Escape Poverty” , “The Power of Capitalism” and “Hitler’s National Socialism.” He published 29 books that have been translated into more than 30 languages. In recent years, he has written articles and been the subject of interviews in leading media such as Wall Street Journal, Forbes, Newsweek, The Daily Telegraph, The Times, Le Monde, Corriere della Sera, Israel Hayom, Frankfurter Allgemeine Zeitung, Neue Zürcher Zeitung, and numerous media in Latin America and Asia.

Today, public companies based in Dallas-Fort Worth hold a combined $1.5 trillion in value—a figure doubling in the past five years.

Owing to its pro-business policies and lower cost of living, Texas is attracting scores of corporate headquarters, particularly from California. As a result, states are losing billions in tax revenues as the corporate landscape shifts south.

This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the fastest growing—and shrinking—headquarter markets in America, based on data from CBRE.

Corporate Headquarters Are Moving to the Lone Star State

Below, we show the top five markets nationally gaining the most headquarters since 2018:

As the country’s best state for doing business, Texas is home to three of the top five markets nationally.

Fueling this migration are its growing talent pool, the absence of corporate and personal income tax, and its lack of red tape. The state is notable in its diverse business landscape attracting Chevron, Charles Schwab, and SpaceX to relocate headquarters since 2018.

Additionally, companies are expanding their presence in the state. Goldman Sachs, for instance, plans to grow its headcount in Dallas to 5,000—up from 970 in 2016.

U.S. Markets Losing the Most Headquarters

By contrast, California is experiencing a corporate exodus.

With homes at least 50% more expensive than in Texas, along with the fifth-highest tax burden in the country, the state has lost at least 275 headquarters since 2018.

As the above table shows, the San Francisco Bay Area stands as the hardest hit market, in a market facing one of the highest office vacancy rates in the nation.

To learn more about this topic from a population growth perspective, check out this graphic on the fastest growing states since 2003.

British Prime Minister Keir Starmer has announced a significant overhaul of the U.K.’s defense posture, warning that the British Armed Forces must be prepared to fight a future war in Europe or the Atlantic Ocean. 

“We are moving to warfighting readiness,” Starmer said while unveiling the government’s 130-page “Strategic Defence Review,” which calls for strengthening military forces to deter Russia and other adversaries across Europe and for ramping up weapons production.

Starmer said the U.K.’s defense spending would rise to 2.5% of GDP by 2027 and set out the “ambition” to raise that figure to 3% of GDP in the next Parliament — that is, by 2034 — “when economic and fiscal conditions allow.

The U.K.’s shift to warfighting readiness will include:

• Defence spending to rise from 2.3% to 2.5% of GDP by 2027.

• Ambition to reach 3% by 2034, though political debate continues over accelerating that timeline.

• £15bn allocated to modernize the U.K.’s nuclear warheads and maintain the Trident deterrent.

• £1.5bn to build six munitions factories for sustained production.

• 7,000 long-range weapons (missiles and drones) to be built domestically.

• Creation of a Cyber and Electromagnetic Command for enhanced digital warfare capabilities.

• £1.5bn for military housing upgrades through 2029.

• £1bn for battlefield targeting technology upgrades.

• Continued investment in Dreadnought-class submarines to replace the Vanguard fleet starting in the early 2030s.

The report identifies Russia as an “immediate and pressing danger,” with concerns it could rearm quickly if a ceasefire is reached in Ukraine. China is labeled a “sophisticated and persistent challenge,” while Iran and North Korea are called “regional disruptors.”

On Sunday, U.K. Defence Secretary John Healey acknowledged that the British military has shrunk to its smallest size in 300 years, warning that it now faces the challenge of reversing “15 years of recruitment and retention failure” across the armed forces.

In markets, UBS analyst Tricia Wright told clients that Starmer’s move to increase “warfighting readiness” sent shares of U.K. defense companies like “BAE Systems and Rolls-Royce hit all-time highs with Babcock International at multi-year highs.” 

UBS analyst Daniel Graf made a very interesting point in a note earlier titled “Defense Is To Europe What AI Is To The US“: 

The UBS EU Defense Spending basket (UBXESPND) has more than doubled YTD alone. Rheinmetall shares are +205% YTD. Is it a bubble in a concept stock (where viable alternatives do not come a dime a dozen) or a real winner with fundamental support? HOLT analysis shows Rheinmetall’s current share price still implies revenue growth below management guidance. UBS Research calculate Defense stocks overall are currently pricing in less than 3% of GDP spent by European NATO members in the medium term – at a time when the 5% era appears to become a plausible reality.

Analyst Sven Weier’s research shows 2030 may not be the peak in sales and he takes a benign view on capacity and supply chain constraints. Don’t sell your Rheinmetall shares just yet. Also, despite the broader basket’s performance, the UBS Crowding Score still screens Neutral. Remember this basket trades c. $250 mn per day at 10% of ADV. Next stop: NATO Summit.

All told, there are two dominant investment themes: AI in America and defense in the West. These themes are likely to remain intact well into the 2030s as the AI race with China intensifies and hemispheric defense spending increases across the U.S. and Europe. The world is entering a volatile phase—fracturing into a bipolar geopolitical order. 

Authored by Steve Watson via Modernity.news,

The former mayor of Kiev, Vitali Klitschko has blasted Ukrainian President Volodymyr Zelensky, and bluntly stated that the country is plagued by authoritarianism.

The former world heavyweight champion boxer told the Times of London that Kiev City Council essentially cannot operate because of “raids, interrogations and threats of fabricated criminal proceedings.”

“This is a purge of democratic principles and institutions under the guise of war,” Klitschko declared, adding “I once said that it smells of authoritarianism in our country. Now it stinks of it.”

🇷🇺🇺🇦 Mayor of Kyiv Vitali Klitschko has publically criticized President Zelensky, essentially calling him a dictator and accusing him and his government of turning Ukraine into an authoritarian state. pic.twitter.com/FzqTcGWmsh

— Heyman_101 (@SU_57R) June 1, 2025

The Times describes Zelensky and Klitschko as being in a “de facto state of war.”

The report notes that the Ukrainian government has arrested seven Kiev city officials as part of ongoing investigations targeting an alleged criminal network involved in corruption cases related to urban development.

Our strength is not just about muscles – it starts in the mind and the heart.#FaceTheChallenge #Willpower pic.twitter.com/DMyBMKVWxP

— Klitschko (@Klitschko) May 30, 2025

“Many mayors are intimidated, but my celebrity status is a protection,” Klitschko stated, adding  “You can dismiss the mayor of Chernihiv, but it is very difficult to dismiss the mayor of the capital, whom the whole world knows.”

“That is why everything is being done to discredit and destroy my reputation,” he further urged.

Zelensky has reportedly been considering arresting Klitscho after he called for the President to consider ceeding Crimea to Russia as part of a peace deal.

This fued has been ongoing for sometime. A year and a half ago, Klitschko urged that Zelensky failed to prepare Ukraine properly for the war with Russia and will “pay for his mistakes.”

Meanwhile, after earlier in the week calling for three way meetings between himself, President Trump and Putin, Zelensky has now declared that it would be “meaningless” and instead wants more military aid.

A major escalation is expected after Ukraine launched a massive drone attack on Russian airbases Sunday, which many are equating with the Japanese attack on Pearl Harbor.

* * *

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Authored by Jason Ditz via AntiWar.com,

At least three members of the Kurdish Asayish security forces were killed on Sunday in northeastern Syria, according to the group. They said they were targeted by an ISIS cell during a patrol on the road between Raqqa and Hasakeh.

The patrol was targeted with a landmine, according to some sources. The official statement from Asayish also reported one person wounded in the attack, who is still receiving medical treatment.

ISIS has been launching an escalating number of attacks against northeast Syria, mostly targeting the Kurdish SDF and other Kurdish forces. It has been reported that they carried out 104 attacks so far in 2025.

Regional media details the following recent developments:

The resurgence is not limited to Kurdish-administered areas. On May 30, ISIS claimed responsibility for its first attack on the forces of Syria’s new transitional government, which took power following the ouster of Bashar al-Assad in December 2024. That attack, in Suwayda province, involved an improvised explosive device targeting a patrol from the Syrian Army’s 70th Division, killing one soldier and injuring three others.

The SITE Intelligence Group and SOHR confirmed the operation as ISIS’s first publicly acknowledged assault on the new regime.

Asayish said that “sweep operations and investigations” are being launches in the area to try to find those responsible for the latest attack. Operations against ISIS have also been on the rise in recent weeks, with the HTS government joining in on some operations targeting them.

The SDF reported that late last week they captured an ISIS cell in Deir Ezzor Governorate. They also reported that they had thwarted an ISIS attempt to plant a landmine in that area, killing one “ISIS mercenary.”

ISIS has claimed two attacks in the past two weeks targeting Syrian government forces, which are being presented as the first ISIS attacks against the Hayat Tahrir al-Sham (HTS) government since they took power in December.

Meanwhile, HTS itself is not much removed from ISIS…

The current Syrian government are mix Isis with Al Qaeda (Bin Laden soldiers) that declared war on the west many times before they took over

But now they will deceive the west and play moderate to lift sanctions and get funding to build themselves and prepare for offensive pic.twitter.com/9AtDH5qrp3

— Bob (@Shariakill) February 23, 2025

ISIS said the first attack was in Suwayda Governorate, and that it killed or wounded seven soldiers. The second attack was near the first one but a week later, and targeted the US-backed Free Syrian Army (FSA), killing one and wounding three.