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Ceasefire Over: Dozens Killed After Israel Conducts “Extensive Strikes” On Hamas Targets In Gaza

Ceasefire Over: Dozens Killed After Israel Conducts “Extensive Strikes” On Hamas Targets In Gaza

After two months of performative efforts at peace, the latest Israel-Gaza ceasefire ended with a literal bang moments ago when Israel launched “extensive strikes” strikes against on terror targets belonging to Hamas and promised ‘increasing military force’ after talks on on further hostage releases stalled.

Early Friday morning, Israel’s Prime Minister’s office said it instructed the army to strike Hamas across Gaza, with dozens reportedly killed and injured.

The statement said it was because of Hamas’ repeated refusals to release its hostages and its rejection of all offers it received from the U.S. presidential envoy Steve Witkoff and mediators.

The news was so unexpected it took even Polymarket by surprise where odds of a ceasefire lasting into April were in the low 30s just earlier this evening before hitting 100%.

Israel’s military said Home Command has ordered restrictions on civilian activity near the Gaza Strip following the Hamas strikes.

According to the Israeli PM’s office, the PM and Defense Minister directed the military to take strong actions against Hamas and Gaza following the group’s persistent refusal to release hostages and rejections of proposals it had received.

Meanwhile, the Palestinian Civil Emergency Service said that Israel had conducted at least 35 airtriles on Gaza.

The strikes come after nearly two months of a ceasefire to pause the 17-month long war where dozens of hostages were released for nearly 2,000 Palestinian prisoners.

Meanwhile, in what is potentially even more ominous news, an Israeli reported said that according to Saudi sources the Iranian intel ship Zagros (SIGINT) was sunk by U.S. forces at the same time the IDF launched its strikes in Gaza.

Developing

Tyler Durden
Mon, 03/17/2025 – 21:29

Erik Prince On AI, Kamikaze Drones, Future Warfare, & DOGE

Erik Prince On AI, Kamikaze Drones, Future Warfare, & DOGE

Erik Prince, the founder and former CEO of the military contractor Blackwater, recently spoke at a seminar at Hillsdale College titled “AI and the Future Battlefield.” In his speech, he discussed the evolution of warfare, the impact of drones and AI, the changing dynamics of global power, and the importance of innovation—particularly in the private sector. He also praised Elon Musk’s Department of Government Efficiency. 

“We don’t have a monopoly in innovation, but we have a critical mass of it, and a lot of that still resides in the military,” Prince, a 1992 Hillsdale College graduate and founder of Blackwater Worldwide, told students. 

Prince said, “As long as DoD, just a little bit, opens the tap of money, redirecting from the nonsense, hyper-overpriced programs that they like to spend money on, we can certainly not just catch up but surpass any capability that we have to worry about with China.”

So, less DoD funding for the military-industrial complex—such as legacy defense giants like Lockheed and Boeing, often seen as innovation killers—and more support for emerging startups like…

The magic of innovation: more startups = more competition … who would’ve ever thought? 

Prince discussed the impact of AI on warfare, starting with a historical comparison to Genghis Khan’s innovation of placing stirrups on every soldier’s horse, which revolutionized the speed and effectiveness of warfare. 

Here’s a summary of the key points of Prince’s hour talk with students:

  • (02:21) He highlighted how Ukraine’s citizen-led innovation in defense, particularly with drones and 3D printing, has significantly impacted modern warfare, making precision strikes more accessible and cost-effective.

  • (03:37) Ukraine’s ingenuity, including the use of hobbyist drones equipped with explosive devices, has democratized the ability to perform precision strikes against tanks, offering a more affordable alternative to high-tech weapons.

  • (05:38) Prince mentioned Russia’s expertise in electronic warfare and how Ukraine’s innovations in drone and weaponry have managed to counteract such strategies.

  • (09:46) He addressed the asymmetry in warfare, with smaller, low-cost weapons like drones being highly effective against expensive military systems, leading to a shift in military dynamics.

  • (14:14) The challenge of countering drone warfare is not limited to Ukraine but also affects other regions like Israel, where drones are used by enemies to disrupt operations.

  • (17:44) Prince discussed the growing industrial and technological advantage of China, especially in drones, and the U.S.’s lagging position in defense technology.

At 19:52, Prince emphasized the need for the private sector to drive innovation in defense, citing examples of government inefficiency. 

“But that convergence of trying to bring market solutions into a truly Congress and a military-industrial complex that’s run wild – the amount of spending and waste that occurred in Iraq and Afghanistan, as you’re seeing now, with a DOGE effort. God bless Elon Musk for cutting it down across the board. I hope we have the same opportunity to do something similar in the Pentagon yeah, cheer for Elon…  I have such respect for that guy. When he looks at spacecraft … um he said look, we have to lower the cost of launch to get it to altitude by a thousandfold and he’s well on his way to doing that,” Prince said. 

A continuation of the key points: 

  • (28:42) Prince expressed concern over potential U.S. military involvement in Taiwan, emphasizing the unpreparedness of the U.S. Navy and the risks of escalating a conflict with China.
  • (55:10) He also touched on potential global hotspots like Taiwan, Burma, and Venezuela, explaining their significance and the challenges the U.S. faces in dealing with these issues.

Probably should give this a good watch… 

The takeaway: DOGE the Pentagon to drive innovation. Very simple. 

Tyler Durden
Mon, 03/17/2025 – 21:20

What Are The Left’s Solutions For The Problems They Created?

What Are The Left’s Solutions For The Problems They Created?

Authored by Victor Davis Hanson via American Greatness,

The Wall Street Journal has consistently criticized Trump’s economic policies, particularly his ongoing “trade war” with Canada, over the past several weeks. And certainly, the tensions are regrettable. Trump’s trolling of the insufferable Justin Trudeau, with talk of Canada becoming the “51st state,” perhaps only galvanized the Canadian left. It unfortunately may ensure that the only real hope for a Canadian return to normality, the election of Pierre Poilievre, may be lost.

That said, does the WSJ truly believe that the current $1.7 trillion budget deficit stacked on top of $36 trillion in national debt and an annual $1 trillion trade deficit are sustainable in any fashion? Do they believe any Republican president would have survived the midterms if he cut or “reformed” Social Security? If so, consult the fate of the recommendations of left-wing Barack Obama’s 2010 Simpson-Bowles commission (“The National Commission on Fiscal Responsibility and Reform”).

DOGE, the effort to demand either symmetrical or no tariffs, closing the border, the rare minerals agreement, etc., are all controversial, even desperate efforts to stave off insolvency.

NAFTA was sold on the promise of trade equilibriums, eventually leading to no tariffs and rough parity. Yet Canada currently runs a $60 billion surplus largely because of its energy sales and selective tariffs on U.S. agriculture and some manufactured goods. That sum might be tolerable from a friend and not worth the acrimony, even with the present massive trade and budget deficits—if it had occurred in isolation.

But it did not.

The Canadian surplus is force multiplied by its chronic refusal to spend a measly 2 percent of its GDP on defense. Canada could have easily offered a partnership with the U.S. to explore joint missile defense or shared Arctic Ocean naval patrols with a new fleet of Canadian and American icebreakers.

But it did nothing of the sort.

Worse still, no Canadian leader can offer any defense of their policies, such as: 

“We believe a $60 billion surplus with our free-trade American partner is justified, and we also believe we are further correct in not spending our promised 2 percent of GDP on defense.” 

Their veritable retort of “Trump is a monster” is no defense at all.

And there is wider context still. 

Mexico currently siphons off $63 billion in remittances from the U.S. economy, most of it from illegal aliens. Most of them enjoy some sort of subsidy from the American local, state, and federal governments.

Its trade surplus has ballooned to over $170 billion, largely because of opportunistic partnering with the Chinese to avoid US duties on imported Chinese-produced goods.

No one truly knows the full cost of an open border paid in American blood and treasure to Mexican cartels—70,000 lives and $20 billion annually?

Add up our northern and southern neighbors’ various surpluses and one could argue that $300 billion flows out of the U.S. to our so-called best friends and supposed partners in a so-called free-trade agreement supposedly designed to promote “free,” if not truly “fair,” trade.

Did any of the appeasements from the prior somnolent Biden administration—printing money, open borders, kindred socialist and green programs, USAID reckless generosity, and no concern over massive trade deficits—have any effect on either Canada or Mexico?

Or was Biden’s appeasement interpreted as weakness to be exploited rather than magnanimity to be reciprocated?

All Mexico has to do is promise to reduce its surpluses down to say $20-30 billion, patrol its side of the border, and bar the importation of raw fentanyl product from China. It could also stop its citizens from swarming the border and accept a 20 percent U.S. tax on remittances. But once reciprocity is lost, any attempt to restore balance is often mischaracterized as aggression, allowing the former victimizer to recast themselves as the blameless victim.

We are also currently watching massive demonstrations in New York to protest the ongoing deportation effort of Mahmoud Khalil. He is not a U.S. citizen, currently residing in the U.S. as a green card holder/former student visa resident alien.

He has led protests, often turning violent, at Columbia and in New York on behalf of radical Palestinian groups, including Hamas, which is designated a terrorist organization by the U.S. State Department.

Surely, he knew that, as a guest on American soil, he has no inalienable right to enter and remain in the U.S., especially if the State Department believes there is “a reasonable ground to believe that [his] presence or activities in the United States would have potentially serious adverse foreign policy consequences for the United States.”

It would be difficult to imagine a more anti-American group than Hamas, which currently holds several U.S. hostages and openly boasts of the mass murders it carried out on October 7, 2023. That awful date sparked mass protests from both Americans and Middle Eastern students in support of Hamas killers. The slaughter and, along with Israel’s response to it, ignited the worst epidemic of anti-Semitism in a hundred years, predominantly driven by American campuses and, in particular, tens of thousands of guest students from the Middle East.

When the ACLU and liberal congressional representatives protest and work on behalf of Khalil, what is their rationale? Are they at all worried that Hamas murdered American hostages and still holds several? Is it really in the U.S.’s best interest to welcome students from radical, anti-American countries, such as Syria, Iran, or Gaza, to American campuses, to see them champion anti-American terrorist groups like Hamas and Hezbollah, and help fuel a climate of anti-Semitism and attacks on Jewish-Americans? Does the ACLU realize that our elite universities are fanning the worst anti-Semitic outbursts in memory? If black students were targeted in the same manner as Jews, would it remain similarly silent?

So, is this really what the left is fighting for? Why doesn’t the new Democratic Party and its street brigades simply be honest and say, “We support the efforts of radical Palestinian foreign students even when they openly champion Hamas and intimidate Jews, and so welcome their constructive presence and protests on American campuses”?

There are many problems with leftist-inspired immigration protests. The foremost is hypocrisy, usually couched in anti-Americanism. In places like Los Angeles, protestors burned the flags of the country they demanded to remain in while waving the flags of countries to which they seemingly refuse to return.

If America is such an intolerable place, why did 12 million knowingly break the law to enter it? The entire theme of today’s ethnic studies programs on U.S. campuses is a story of how awful America is, was, and will always be. And yet these are the very university loci that are the most strident about welcoming into the U.S. illegal aliens. Should they not be down at the border warning of the white toxicity that awaits any illegal migrant?

There is another sort of hypocrisy at work.

Left-wing elites in Washington, on campuses, in the media, and among the foundations and NGOs are rarely subject to the consequences of their own open-borders philosophies. It is one thing to virtue signal a world without borders that welcomes in millions of its impoverished, but quite another to help feed and house them when they show up in Martha’s Vineyard or Malibu rather than in the Rio Grande Valley, the San Joaquin Valley or the inner city.

The latter places do not traffic in cheap rhetoric but deal with swamped healthcare faculties, housing shortages, insolvent social service budgets, spiking crime, overcrowded schools, increased gang activity, and overtaxed infrastructure—issues one would expect with the sudden addition of 12 new San Franciscos in just four years under Biden.

Finally, regarding Ukraine, Trump is receiving a lot of criticism for the hot-cold treatment of Ukrainian President Zelenskyy. He used both verbal and policy leverage in hopes of forcing Ukraine and Russia towards negotiations—a task that has historically proven to be impossible without U.S. coercion. One can easily criticize Trump for being overly naive about Vladimir Putin’s ultimate intentions or any strategic resolution of the war that only Trump seems to wish to end.

But again, what is the alternative to his efforts?

Is to keep feeding the ongoing current Stalingrad desolation where 1.5 million dead, wounded, and missing Ukrainians and Russians have fought for three years without any end in sight? Do we really want an endless war that has created a new alignment of anti-Western Russia, China, Iran, North Korea, and, at times, a number of Middle Eastern, South American, and Asian opportunists?

What is the European alternative plan to Trump’s?

The old Biden notion “as long as it takes”—as if the Europeans may finally mobilize and send two million soldiers the way the U.S. did in 1917-18 to break up the deadlock of the World War I Western Front?

Do Ukrainians have a secret reserve of manpower to send another 10 divisions to the front?

A new wave of 5,000 drones to hit Moscow and do the sort of damage it is now suffering?

Non-U.S. NATO fighter aircraft number around 2,000. So, is it the plan of France and the UK to spearhead some 1,000 European jets and send them to Ukrainian bases, where they will fly ground support missions and conduct strategic attacks on Russian infrastructure to stop the stasis?

The answer is no.

There is no other plan but the current one of a 500-million-person proximate Europe screaming at the 335-million-person distant U.S. for not doing more to aid the now 30-million-person Ukraine fighting against the 145-million-person Russia.

Before one can fault the herky-jerky, art-of-the-deal Trump effort to find a stable peace and stop the slaughter, his critics must at least chart a plan for victory, explain the cost in lives and treasure, and outline exactly the eventual goals of reclaiming all the 2022 borders or the 2014 borders. Instead, we hear only ‘this won’t work,’ ‘that can’t work,’ ‘this is stupid,’ ‘that is naïve,’ but never a comprehensive defense of the EU/Biden/Zelenskyy policy or some enlightened replacement for it.

On matters of trade, immigration, and foreign policy, we are witnessing a counter-revolutionary effort to erase the madness of the Biden revolutionary years. Then unnamed and largely unknown radicals, under the veneer of a waxen effigy president, hijacked the country and imposed upon it the most radical and nihilist agenda in the past century.

The current correctives are not easy or pretty. But the alternative to the prior status quo was not the status quo at all, but a Jacobin nihilism that had led only to insolvency, civil strife, the destruction of the southern border, at least two theater-wide wars abroad, and the end of the U.S. as we once knew it.

Tyler Durden
Mon, 03/17/2025 – 18:25

Newsom’s Podcast Disaster: Why The Left Is Fuming And The Right Smells A Rat

Newsom’s Podcast Disaster: Why The Left Is Fuming And The Right Smells A Rat

With Kamala Harris’s spectacular failure in the November election, California Governor Gavin Newsom – despite running his state into the ground, may be Democrats’ best hope at victory in 2028. But his latest endeavor – theThis is Gavin Newsom Podcast – has left both progressives and conservatives scratching their heads. 

While Newsom pitched the show as a platform for engaging with both ideological allies and opponents, his first two guests – TPUSA co-founder Charlie Kirk and former Breitbart EIC Steve Bannon – have turned the effort into a full-blown spectacle.

The reaction from the left? Absolute fury. The reaction from the right? Distrust and ridicule. And from the voters? A mixed bag that could spell serious trouble for Newsom’s future ambitions.

Some key stats, according to a poll of 1,000 California voters conducted by Capitol Weekly (h/t Yashar Ali):

  • While 54% said they had heard of the podcast, just 0.57% of California voters have listened to it, and 58% said they weren’t likely to listen.
  • Favorability amongst liberals has dropped from 46% to 30%
  • Republicans polled overwhelmingly viewed Newsom as insincere – calling him “fake,” and “pandering.”
  • Newsom’s net favorability dropped from +4 to -6, a 10 point swing
  • Just 13% of voters had an improved view of Newsom, and only 1 out of 5 polled said it made them want to tune in again.

Charlie Kirk

When Newsom announced that Charlie Kirk would be his first guest, progressives braced for a battle of ideas. Instead, they got a softball exchange where Newsom lavished Kirk with praise – agreeing with him 125 times and “appreciating” his ideas 52 times. Even Kirk, who makes a living bashing Newsom’s policies, found it over the top. “Governor Newsom was being overly effusive in his praise of me,” Kirk chuckled on his own podcast, before launching into his usual tirade about Newsom ruining California.

The backlash in Sacramento was swift. The Sacramento Bee’s Robin Epley declared the show “sucked,” while Los Angeles Times columnist Mark Barabak predicted Newsom might “talk himself to political death.” But the real political firestorm erupted when Newsom doubled down, inviting Steve Bannon as his next guest.

Newsom Ditches Wokes

Meanwhile, the interviews have further alienated Newsom’s traditional base. In a conversation with Kirk, he blasted the term “Latinx” as out of touch and mocked workplace pronoun declarations. Then, in an even more incendiary moment, he dismissed California’s 2013 policy allowing transgender students to compete in sports according to their gender identity, calling it “deeply unfair.”

Newsom’s comments triggered Sacramento’s LGBTQ leadership, who felt blindsided (literally shaking) by a governor who had long championed progressive social policies. One Democratic strategist likened the move to “sticking a fork in the eye of the base that got him elected.”

The right isn’t buying it, meanwhile.

“He’s a hypocrite… he allowed and pushed for transgenders to play in women’s sports in California and the rest of the country,” said one Republican voter.

The Podcast Gambit: Presidential Play or Media Mogul Move?

So, what’s Newsom’s endgame here? The obvious conclusion is that he’s trying to broaden his appeal ahead of a 2028 presidential run – hoping to carve out a more centrist, anti-woke lane in a Democratic field that may lean progressive. But others, including longtime GOP strategist Mike Madrid, argue that this isn’t about winning votes – it’s about building an empire.

Madrid cites a Newsom insider who claims the governor isn’t angling for the White House but rather positioning himself to become a media heavyweight. The model? Figures like Ben Shapiro and the Pod Save America crew, who have turned their political brands into lucrative media franchises. “The media terrain has shifted. Newsom is adapting. And if my source is right, he’s not running for President – he’s positioning himself for something even bigger. And he may just be giving Democrats a fighting chance,” Madrid argues.

If Newsom truly is ditching electoral politics for the media game, he’s doing a shitty job of it. His podcast has made him a pariah among progressives, while conservatives still see him as an untrustworthy leftist. And if this is a pivot to moderation, the numbers don’t show it paying off yet.

But Newsom has always thrived on controversy, and maybe—just maybe—he believes that the noise, outrage, and headlines are exactly what he needs to catapult himself into his next chapter. Whether that’s the Oval Office or a multimillion-dollar media empire remains to be seen.

Tyler Durden
Mon, 03/17/2025 – 18:00

Do We All Have PTSD?

Do We All Have PTSD?

Authored by Jeffrey Tucker via The Brownstone Institute,

Just how much mental and psychological trauma exists in the country and world today cannot be quantified, and I would not trust any studies that tried. But this much is clear. We have lost our footing in knowing something that scientists long believed we could know: whether and to what extent an economy is growing and prospering or going the opposite way. 

Everyone seems just to be winging it these days. Ever since lockdowns utterly broke reporting, it’s been hard to tell up from down. 

The substantial hits taken by major financial indexes over the last two months seem to have triggered a shift in public sentiment from indifferent to gloomy. Probably this has nothing to do with the vast wealth held in invested retirement accounts. 

Each refresh of the page seems to deliver more bad news. 

This has in turn affected the willingness to spend and the outlook generally. 

And yet there is something strange going on. 

Inflation in real time is genuinely down from its 4-year trend and showing the best numbers since 2020. Even the CPI reflects this. The jobs outlook for the private sector is slightly improving. 

Why has consumer sentiment suddenly taken a dive? 

It’s odd because there is a paucity of evidence for a sudden shift, unless tariffs are to blame, which seems doubtful (to me). 

One possible theory: the public has a form of economic post-traumatic stress disorder, a clinical name for what was once called battle fatigue and shell shock. It is what happens to the human spirit in the face of something unexpected, terrible, and ultimately traumatizing. There are stages of recovery that move from denial, anger, bargaining, and depression, with acceptance as the last stage. 

That might be where we are. For years now, the national media and government agencies have claimed that all is well. Inflation is cooling. Job growth is strong. The recovery is upon us. Countless media articles have bemoaned the gap that separates real data and maudlin public perceptions. We are encouraged to believe that “shutting down the economy” is really no big deal, just something you do before turning it on again. 

Stop complaining! You are rich! 

It was the ultimate in economic gaslighting, something about which many of us have been kvetching for five years now. 

In 2024, Brownstone Institute commissioned a closer look. The study found that the US had been in a technical recession since 2022 and with no real recovery since 2020. The authors got to this conclusion by looking at industry price data rather than the wild underestimates from the Bureau of Labor Statistics. It set that against a realistic output estimate. They show all their work. No one has ever taken issue with the study. 

This is also the 5th anniversary of the greatest trauma of our lives, the lockdowns that wrecked millions of businesses, shut hospitals and churches, restricted movement, and decimated economic life by force. No one ever thought such a thing was possible. 

It was a trauma for people on the level of wartime. Even now, people are reluctant to talk about it, just like granddad never spoke about his experiences in World War II. 

Here we are today, desperately approaching finding normalcy again. With that has come a wake-up call concerning household finances. Real income is down. Savings are down. Bills are up. Cutbacks are necessary. They have been delayed for years as the mass media trumpeted the glories of the Biden recovery that simply did not exist or was otherwise a debt-fueled hologram. 

Now comes the University of Michigan’s Consumer Sentiment Index. After three years of showing big gains, oddly timed with the Biden presidency, it is now showing a tremendous plunge, oddly timed with the Trump inauguration. What especially makes it odd is that inflation is actually lower now than in four years. The latest numbers show none of that. 

I would offer a chart, but the Institute for Social Research of the University of Michigan withholds making its latest data live for fully one month. You have to pay to get it. This is why no public charting service can give you that data. Hey, they have to make a buck, right? Who can fault them for this?

[ZH: We have the charts… UMich inflation expectations (green) exploded higher (thanks 100% to Democrats) even as inflation (blue) continues to decline. UMich overall sentiment (red) also puked hard thanks almost entirely to respondents who identified as Democrats]

Well, there is a problem, one I never expected. I always thought of the University of Michigan data as likely more reliable than a federal agency. It seems like it comes from the “real” America, a flyover state with actual scientists who are independent. 

It only took a quick look on Grok to discover that the Institute for Social Research and this survey in particular is one of the top recipients of federal funding. 

It comes from the National Institutes of Health, the National Science Foundation, the Social Security Administration, and elsewhere. 

It totals as much as $100 million per year, from your pocket to theirs. They then sell their data – which is drawn from a survey of 1,000 people – to the private sector at a profit. This has been largely unknown and truly, no one really thought to question this glorious and objective data from the best data-mongers we have. 

In the past, it never occurred to me to look at the funding sources for this kind of research. But things are opening up. We now understand the racket. The federal government taxes you, feeds the universities and NGOs, they generate research and propaganda to feed the machine, and the cycle continues. The examples are legion and have resulted in an absolute avalanche of fake science in the last five years. 

We have no direct evidence that the latest Consumer Sentiment data is fake. It might be entirely real, an indication that people are only now waking up from a four-year dream state of denial and confusion – symptomatic of PTSD or shell shock from the trauma of the Covid lockdowns. On the other hand, one does wonder, given that we now know that this ballyhooed research center is actually a federal cutout. 

I was at an airport bar the other day, and a man asked about my awareness bracelet. It says, “I won’t be locked down.” He wondered what that meant. 

Knowing that he was likely still in the denial stage, I explained that five years ago, all our rights were deleted, the economy deliberately crashed, and life was turned inside out based on edicts, pending the release of a new shot that didn’t work but everyone was forced to get anyway. 

I tried not to make a show of this or go on too long, so I just left it there. 

His response: “Yeah that sucked.”

Long pause. 

He followed up: “We haven’t really had a kind of reckoning with all that, have we?”

“Nope,” I responded. 

He went back to his beer and nothing more was said. 

The days before the lockdown were indeed our last innocent moment. 

Tyler Durden
Mon, 03/17/2025 – 17:40

Musk: Feds Have “Magic Money Computers” That Issue Payments “Out Of Thin Air”

Musk: Feds Have “Magic Money Computers” That Issue Payments “Out Of Thin Air”

Elon Musk says that DOGE has discovered the US government has “magic money computers” that make payments “out of thin air.”

Sitting down with Sen. Ted Cruz (R-TX) for his podcast that was recorded at the White House, Cruz said: “One of the things you told me about is what you called, ‘Magic Money Computers.’ So tell us about it, ’cause I never heard of that ’til you brought it up.”

Musk: “Okay, so, you may think like the government computers all talk to each other, they synchronize, they add up what funds are going somewhere. And, that they’re coherent … And that the numbers that you’re presented as a Senator are actually the real numbers.”

Cruz: “One would think!”

Musk: “One would think – they’re not … I mean they’re not totally wrong, but they’re probably off by five percent or 10 percent in some cases. So, I call it ‘Magic Money Computer’: any computer that can make money out of thin air. That’s magic money.“

Cruz: “So how does that work?” Cruz asked.

Musk: “It just issues payments.“

Cruz: “And you said there’s something like 11 of these computers at Treasury that are sending out trillions in payments?”

Musk replied that they’re mostly at the Department of Treasury, and others are at the Department of Health and Human Services as well as the Department of Defense.

Musk: “We’ve found now 14 ‘Magic Money Computers. They just send money out of nothing.“

Watch:

DOGE’s $1 Trillion Target

Musk also told Cruz that DOGE will save taxpayers $1 trillion by the end of fiscal year 2026…

“If you look at DOGE now, you look at the government and what you’re finding, what percentage have you guys even gotten to and how much of it is ‘mars’ where you haven’t even gotten there yet because there’s so much you’re finding out here,” asked co-host Ben Ferguson. “You seem like a timeline guy – when you say ‘I want to get in there and get numbers and things’ – how far are we from the endgame, where you’ve seen it all – you know, to process it all, and fix it. Are we years away? Months away?“

Musk: “Not years. I’m reasonably confident that we’ll be able to get a trillion dollars of waste and fraud out, meaning that it will have, we’ll have a net savings of FY26 of a trillion dollars, provided we’re allowed to continue and our progress is not impeded.”

Watch:

Of course, then there’s the big leagues…

Tyler Durden
Mon, 03/17/2025 – 17:20

Sleep Deprived? Study Shows High-Dose Creatine May Boost Brain For Up To Nine Hours

Sleep Deprived? Study Shows High-Dose Creatine May Boost Brain For Up To Nine Hours

Authored by Mary West via The Epoch Times (emphasis ours),

Sleep deprivation is common in the United States, affecting a wide range of Americans—from 30 percent of adults in Vermont to 46 percent in Hawaii. Since it can lead to decreased work performance and a higher risk of accidents, it is a concerning problem. During such times, people often reach for caffeinated beverages to give them the alertness needed to function.

Are there other supplements that can promote alertness?

A 2024 clinical trial from the Forschungszentrum Jülich in Germany investigated the cognitive effects of creatine, which athletes use to improve their sports performance. The authors wanted to determine whether the supplement might serve as a coffee alternative when working long nights. Results suggested that a single high dose of creatine may reduce the negative effects on the brain that stem from insufficient sleep.

Despite the positive results, the researchers warned the public against taking a high dose of creatine because of health risks, noting that further studies are needed to determine if lower doses can improve cognitive performance.

However, even if low-dose studies show promise, creatine isn’t appropriate for everyone.

Effects of a Single Dose

The clinical trial published in Scientific Reports assessed results from 15 healthy participants—without insomnia, other sleep disorders, or mental illness between 20 and 28 years of age. Researchers kept the participants awake overnight for two nights, with at least five intervening days between the night sessions. Participants were directed to perform cognitive tasks during the sessions.

Researchers administered a high dose of creatine, 0.35 grams per kilogram of body weight, or a placebo. To illustrate the dose, a man who weighs 82 kilograms (180 pounds) would have received 28.7 grams of creatine.

A positive effect on cognition and brain performance was observed 3.5 hours after taking the creatine. According to other studies, these effects peaked after four hours and lasted up to nine hours. Specific improvements included enhanced processing capacity and short-term memory.

*  *  *

Pick up 500 grams of Micronized Creatine Monohydrate here…

*  *  *

Mechanism Explained

The results suggest that a single high dose of creatine improves thinking and changes the brain’s energy reserves during sleep deprivation, study coordinator Ali Gordji-Nejad, from the Institute of Neuroscience and Medicine at Forschungszentrum Jülich, said in a press statement.

Dr. Ryan S. Sultan, a Columbia University professor and psychiatrist, explained the underlying mechanisms of creatine’s benefit on the brain’s energy reserves to The Epoch Times in an email.

“Creatine has a role in rapidly regenerating adenosine triphosphate (ATP), the primary energy source for cellular processes,” he said. “This boost in ATP supports better neuronal function and transmission of chemical signals between nerve cells, which are crucial for cognitive tasks. This makes the nerve cells work better.”

Other Research

A 2024 systematic review published in Frontiers in Nutrition examined 16 clinical trials involving 492 participants aged 20 to 76. The participants included some who were healthy and others with specific diseases. The authors found some evidence that creatine enhanced overall cognition, attention, processing speed, and executive function. No significant difference was noted between short-term (less than four weeks) and long-term (four weeks or more) use.

Another systematic review published in Nutrition Reviews examined 10 clinical trials that compared the effects of creatine supplements with placebo on memory in healthy participants. The results indicated that creatine had a beneficial effect on memory, particularly in older adults. The authors recommended large, rigorous, long-term clinical trials to further assess how creatine affects memory.

Dose and Risks

Although the results of the trial published in Scientific Reports were promising, Gordji-Nejad believes it is too soon to recommend it for boosting cognition at such high doses.

“The recommended dose for a creatine supplement for healthy people is 3 to 5 grams per day,” Gordji-Nejad told The Epoch Times in an email. “The dose in our study was 20 to 30 grams.” This is four to six times the upper recommended daily limit of 5 grams.

Although food sources of creatine include meat and fish, it is impossible to get the high dose in the study from food, he added. “Meat contains 0.5 grams of creatine per 100 grams, so it provides about 1 gram in a 3.5-ounce serving, which is too small to have any effect.”

Dr. Justin Houman, a board-certified urologist and assistant professor of urology at Cedars-Sinai Medical Center, provided information on the safe upper dose limit to The Epoch Times in an email. He noted that most studies suggest that doses up to 10 grams per day are well tolerated in healthy individuals, but higher doses provide minimal additional benefits.

Risks

“For most people, creatine is considered safe when used appropriately, but there are a few considerations, particularly for individuals with preexisting conditions,” said Houman. These include:

  • Potential kidney function concerns: Creatine has not been shown to cause kidney damage in healthy people, but it may worsen preexisting kidney disease or be harmful in those with a history of kidney dysfunction. Creatine supplementation can increase creatinine levels in the blood, which may be mistaken for impaired kidney function in lab tests.
  • Increased water retention and weight gain: Creatine increases water retention within muscle cells, leading to temporary weight gain, typically 1 to 3 pounds initially. This is not fat gain but intracellular water, which may be undesirable for individuals who need to maintain a strict weight, such as athletes in combat sports.
  • Gastrointestinal issues: Some people experience bloating, diarrhea, or stomach discomfort, particularly when taking high doses (above the recommended range). To minimize this, it’s best to take creatine with meals and stay within the recommended dose.
  • Possible elevation in blood pressure: Since creatine affects water balance, it may contribute to mild fluid retention, which could theoretically impact blood pressure in individuals with salt sensitivity or poorly controlled high blood pressure.

According to the American Academy of Orthopedic Surgeons (AAOS), doctors don’t know the long-term effects of creatine on important organs, nor do they know the effects of taking the supplement with over-the-counter or prescription drugs, other dietary supplements, and energy drinks. The AAOS urges people to always see their doctor before taking creatine.

Tyler Durden
Mon, 03/17/2025 – 17:00

Jersey Shore Residents Score Victory As Feds Revoke Offshore Wind Project Permits

Jersey Shore Residents Score Victory As Feds Revoke Offshore Wind Project Permits

It’s a massive win for Jersey Shore residents who have been fighting relentlessly against offshore wind power projects.

Federal officials revoked a permit for Atlantic Shores Offshore Wind on Friday, potentially delaying New Jersey’s first offshore wind project, according to APP.

Environmental Appeals Court Judge Mary Kay Lynch ruled to send the Clean Air Act permit, issued last September, back to the EPA. The agency requested the review in February to reassess the project’s environmental impact, following President Donald Trump’s January memorandum withdrawing the outer continental shelf from offshore wind leases for further review.

In 2021, the New Jersey Board of Public Utilities awarded Atlantic Shores Offshore Wind a contract for 1.5 megawatts of renewable energy off Atlantic City, but Friday’s court ruling now threatens the project’s future.

The APP report says that the EPA’s decision is the latest setback. In January, Shell, a project partner, withdrew, writing off $996 million in losses before its quarterly earnings report.

“Atlantic Shores is disappointed by the EPA’s decision to pull back its fully executed permit as regulatory certainty is critical to deploying major energy projects,” a company spokesperson said, emphasizing their commitment to “American energy dominance” and compliance with the permitting process.

Bob Stern of Save LBI, a group opposing the project, welcomed the ruling. The group had petitioned the federal government in October to review the permit. “That permit dealt with the air pollutant emissions from the project, particularly during the pile driving construction phase, and its impact on the air quality at the Brigantine National Wilderness Area where strict limits apply on air quality degradation,” Stern said.

Save LBI argued the air quality modeling was flawed, failing to account for emissions from offshore projects and not meeting procedural requirements. The wind farm, if built, would be about nine miles off the Jersey Shore at its closest point.

Stern concluded: “We are hopeful that other federal agencies, particularly the Interior Department and the National Oceanic and Atmospheric Administration will take note of this and reconsider their prior approvals, and (we) have written to both asking for that.”

Zero Hedge has observed similar efforts to fight the project near Brigantine, New Jersey, where residents have been vocal in their pushback against the project, erecting signs, affixing bumper stickers and even renting billboards to voice their opposition.  

Tyler Durden
Mon, 03/17/2025 – 15:20

The Fed’s Triple Mandate Problem: It’s Time To End The Confusion

The Fed’s Triple Mandate Problem: It’s Time To End The Confusion

Authored by Alexander Salter via TheDailyEconomy.org,

What is the Federal Reserve’s job? The standard answer is to maintain full employment and stable prices. 

This is what economists and commentators mean when they talk about the “dual mandate.” 

But there’s a problem—as a matter of law, the Fed’s mandate has three parts, not two.

The Federal Reserve Reform Act of 1977 established the Fed’s objectives as we know them today.

In addition to job promotion and price stability, the central bank is responsible for “moderate long-term interest rates.” It’s supposed to conduct monetary policy with all three goals in mind.

You almost never hear about the interest rate plank. There’s a tacit agreement among policymakers that this portion of the mandate is redundant. The Fed does all it can for interest rates when it achieves its employment and price stability goals.

As a matter of economic theory, this is a strong argument. Interest rates are prices for capital. These ultimately depend on the supply of and demand for loanable funds. We want markets to price capital such that the last additional amount supplied is just as valuable as the last additional amount demanded. This is a standard efficiency result from basic economics. Markets are good at pricing and valuation. Other than maintaining price stability, meaning a stable value for the monetary unit—prices are denominated in dollars, after all—there’s not much monetary policy can do to improve it.

But there’s a problem here. 

The law of the land requires the Fed to care about interest rates. Even if economists are right about the redundancy of the interest rate plank, nobody elected them to write the nation’s laws. You can’t substitute the judgment of a few macroeconomic experts for that of elected legislators without violating the democratic process.

Furthermore, the reasoning behind the alleged irrelevance of interest rates proves too much. The same arguments also imply that the Fed shouldn’t care about employment! Everything we said about capital markets also applies to labor markets. Supply and demand for labor finds the right balance between additional benefits and costs of working. The Fed does all it can for workers by focusing on price stability. If we truly believe that the interest rate plank is redundant, logic compels us to come to the same conclusion about the employment plank.

The Fed has just as much reason to start ignoring the employment plank as it has had for ignoring the interest rate plank in recent decades. If the central bank announced that it would henceforth interpret the employment and interest rate parts of its mandate as fully covered by the price stability part of its mandate, you can bet that economists, public intellectuals, and policy experts would raise a stink. For some reason, everyone views promoting employment as more important than stabilizing interest rates. Something tells me that this reflects political biases more than reasoned reflection.

Fortunately, there’s a way around this dilemma. We can improve Fed policymaking while also respecting basic democratic norms. The solution is to amend the Federal Reserve Act once more. 

The economists are, in fact, right about the irrelevance of the interest rate plank. They would also be right about the irrelevance of the employment plank if they would only follow their logic to its necessary conclusion. It’s time to end the capital-labor asymmetry by striking these parts of the Fed’s mandate.

But economic theory, even good economic theory, does not deserve citizens’ obedience. Duly ratified law does. Hence, democratically accountable legislators should narrow the Fed’s goal to price stability only.

This shouldn’t be a hard sell, politically. 

We’re less than three years out from crippling inflation. Prices during the summer of 2022 were rising at almost 10 percent per year. Even now, Americans are hopping mad about high prices. Eggflation, anyone? While many of these prices reflect non-monetary factors, the overall level of prices is much higher than it would have been had the Fed not overreacted to COVID-19. Frankly, it’s an indictment of our elected representatives—especially the Republicans, who campaigned on this—that they haven’t already refocused the Fed on one of the few things that it can control.

Central banking as a matter of law conflicts with central banking as a matter of policy. Resolving the tension is hopeless unless we both change the relevant statutes and stop selectively applying the economic way of thinking. Let’s fix both problems by making the Fed responsible for stable prices alone.

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

Tyler Durden
Mon, 03/17/2025 – 14:40

One In Five Gen-Z/Millennial Women Identify As LGBTQ+

One In Five Gen-Z/Millennial Women Identify As LGBTQ+

Parsing through a Goldman note on the online dating sector, particularly focusing on Match Group (MTCH), Bumble (BMBL), and Grindr (GRND), the industry remains on a healthy upward growth trajectory. However, mature online dating markets are slowing, while emerging regions (Asia ex-China) drive new user adoption. While Hinge outperforms Tinder, Bumble is restructuring its growth strategy, and Grindr continues penetrating the LGBTQ+ community.

Goldman analysts Eric Sheridan and Julia Fein-Ashley provided clients with the key takeaways of what’s currently happening across the online dating industry:

  1. We continue to forecast the directly addressable online dating user TAM to grow at a 4% CAGR from 2024-2029;

  2. Expect Asia ex-China to contribute to a large portion of new dating users and slower growth from more mature markets (i.e. UCAN [United States and Canada]/Europe growing at a 1% CAGR from 2024-2029); &

  3. Forecast Hinge to increase penetration in the addressable user market, driven partially by continued focus on the international opportunity (and scaling in new international regions/markets).

Sheridan leveraged third-party data and industry sources that found the latest trends: 

  1. Industry: UCAN user preferences continue to shift towards intentional dating and community/friendship oriented apps (a theme of industry narrowing at the application layer);

  2. GRND: the LGBTQ+ userbase size at Tinder/Hinge remains less scaled than Grindr &

  3. BMBL: commentary around Bumble’s decision to discontinue/sunset the Fruitz app.

Instead of analyzing the entire note, we highlight two interesting trends.

The first is Bumble for Friends. This app helps users build platonic relationships rather than romantic connections and has seen rapid growth over the last 18 months. 

More from the analysts:

Bumble for Friends (BFF) has continued to scale over the past 18 months, both in MAUs (now in double digits as a % of Bumble App MAUs in UCAN) and engagement (Exhibit 10). We view this as an area of increasing focus at Bumble, with mgmt. noting their increased focus on the friendship/community opportunity and shift in focus away from other apps (i.e. discontinuing Fruitz and Official apps

While BFF tends to have less of an impact on the number of total paying users, we view the app as providing a low-pressure alternative to dating apps and an additional acquisition channel specifically targeting younger (Gen Z) users.

The second is this…

“This, paired with LGBTQ+ identification being more common among American women (Exhibit 12) highlights that addressable user penetration rates at Grindr are likely higher than Tinder/Hinge (even when factoring in differences among addressable LGBTQ+ population),” the analysts noted. 

1 in 5 Gen Z & millennial women! 

It’s not a surprise after 15 years of woke propaganda jammed down the throats of all generations. 

To sum up, younger generations increasingly rely on friendship apps rather than engaging in real-world exchanges at bars, restaurants, churches, and other public areas, making eye contact, and simply saying “hello”—a tradition that has existed for thousands of years. Additionally, 15 years of woke has led to 1 in 5 women identifying as LGBTQ+ (maybe we’re missing a few letters and numbers).

Tyler Durden
Mon, 03/17/2025 – 14:20