We have extensively profiled how communism is on the rise in America and how the Democratic Party has served as its primary vehicle into mainstream electoral politics. The Marxists in the Democratic Socialists of America have a platform that, in the long run, has very little to do with affordability but everything to do with what some of their leaders have described, in their own words, as “destroying the nation from within.”

DSA members are hell-bent on breaking down capitalism and the current form of the United States as we know it. One of their tactics is to ignite a Marxist class war, or class struggle, which is a conflict between economic classes over wealth, political power and control of production.

The idea that DSA is seeking to start a Marxist class war is not based on speculation but is, yet again, part of the plan to destroy capitalism, according to DSA National Political Committee member Cliff Connolly.

Connolly has not been shy about what DSA has planned in its effort to defeat capitalism. In a recent video interview shared by X user Canary Mission, he said: “The class war is a guerrilla war. This strategy is not focused on winning individual battles, but using them to advance our position slowly and surely until our enemy is bled dry.“

“The class war is a guerrilla war. This strategy is not focused on winning individual battles, but using them to advance our position slowly and surely until our enemy is bled dry.”

-Cliff Connolly
DSA National Political Committee member

This is how a member of the DSA’s… pic.twitter.com/ZrswBuEfGm

— Canary Mission (@canarymission) August 20, 2026

To better understand DSA, we recently published a five-tiered “rainbow cake” mapping out the modern left, which places the organization on the far left, within the reformist-socialist cohort.

Meanwhile, the unofficial spokesman for DSA, Hasan Piker, has called on his followers to “kill capitalist”…

Hasan Piker calls on his followers to kill capitalists:

“Yeah kill them! KiII those motherfuckers and murder those motherfuckers in the streets. Let the streets soak in their fucking red capitalist blood, dude.”

Democrats are campaigning with him. pic.twitter.com/YiZxGgRkgc

— Eyal Yakoby (@EYakoby) April 9, 2026

Piker has stated, “We want more immigrants to come into your countries and then they’re gonna f**k your sisters and then your daughters. We’re here to destroy the White Race, Bitch.”

Hasan Piker says he wants to FLOOD illegals into the United States so they can “f*ck your sisters and daughters” to “destroy the white race”

I am demanding the Democratic Party voice PUBLICLY that they denounce Hasan Piker’s comments.

If they don’t, let this post be proof…

— Jack (@jackunheard) August 7, 2026

Piker is a special breed of Marxist who is part of what the White House calls the “Red-Green Alliance.”

Piker: “Overall, my favorite flag is Hezbollah.”

Hasan Piker, sitting at a table with an LGBTQ+ flag, says: “Overall, my favorite flag is Hezbollah.”

He’s actively campaigning with Democrat senate and gubernatorial candidates. pic.twitter.com/9QrtKqMKnl

— Eyal Yakoby (@EYakoby) August 4, 2026

Recently, DSA Co-Chair Megan Romer confirmed her party’s radical agenda:

• Abolishing the Senate, presidency, and Supreme Court
• Abolishing ICE, borders and prisons
• Defunding the Pentagon
• Mass amnesty for illegals

DSA Co-Chair Megan Romer confirms their platform includes:

– Abolishing the Senate, presidency, & Supreme Court
– Abolishing ICE, borders, & prisons
– Defunding the Pentagon
– Mass amnesty for illegals pic.twitter.com/rPQiT9HCXN

— RNC Research (@RNCResearch) July 26, 2026

This is all related: 

• “Americans Deserve To Know”: State Dept. Report Details Cuban Espionage, Subversion, And Role In Rise Of Far Left

It’s coming …

DSA chapter plans ‘Riots and Uprisings’ reading club to study ‘how people struggled’ https://t.co/GZSEHsLDFj

— Washington Examiner (@dcexaminer) August 19, 2026

As we explained last week, citing Andy Laperriere, Piper Sandler’s head of US policy research in Washington, younger Americans have no lived memory of Soviet breadlines or the refugee waves produced by failed communist states. That gap has made it easier to repackage far-left ideology without confronting its record.

Such as:

• “Let’s Downsize”: Antifa Uses Instagram To Put ‘Luigi-Style’ Hit On Flock Camera CEO

A major counterpoint is now unfolding across South America, where voters in several countries are rejecting socialist and far-left governments following years of inflation, economic stagnation and violent crime. Migration is driven by multiple factors, but the exodus from Venezuela and other countries demonstrates how economic collapse under socialist rule has forced millions to seek stability in the US. That is the lived memory missing from the American debate, and it deserves far greater attention (read here). 

Authored by Aldgra Fredly via The Epoch Times,

An Alabama jury ruled on Aug. 20 that The New York Times defamed ex-college basketball player Kai Spears when the newspaper falsely reported in 2023 that he was present during a fatal shooting in Tuscaloosa.

Spears, who was then a walk-on basketball player for the University of Alabama’s Crimson Tide, filed a defamation suit against the newspaper in May 2023 after it falsely reported that he was one of the passengers in a car involved in the Jan. 15, 2023, shooting that killed 23-year-old mother Jamea Harris.

After a nine-day trial, the eight-person jury in the U.S. District Court for the Northern District of Alabama sided with Spears and awarded him $9.25 million in damages.

Spears’s attorney Matt Glover welcomed the ruling in a statement, saying he believed it would help improve journalism across the country.

Charlie Stadtlander, a spokesperson for the NY Times, said the company was disappointed by the jury’s decision to hold it liable for he called “an honest mistake” and will review its legal options.

“We thank the jury for its service, but believe the verdict and award of damages are contrary to law and not supported by the evidence,” the spokesperson said in a statement.

The case stemmed from a 2023 article that identified Spears as being present during the shooting, citing an anonymous source.

Spears said in his complaint that the newspaper’s false reporting had affected his education and his ability to advance in basketball. He also said the false statements would permanently associate him with the murder.

The newspaper later issued an editor’s note, saying that its article “misidentified the person who was in the car with Brandon Miller when the shooting occurred” and that it regretted the error.

“Based on information from a person familiar with the case, the article erroneously identified that person as Kai Spears, a freshman basketball player. After the article was initially published, Alabama’s athletic director and Spears’s father denied that Spears was present,” the editor’s note said.

The newspaper “included those responses and reviewed its reporting, but did not conclude that any other change to the article was warranted at that time,” it added.

The newspaper said its editors assigned further reporting after Spears filed the suit, which “determined that the other person at the scene was not Spears.”

A NY Times article reporting on the verdict Thursday said the newspaper “had not lost a defamation lawsuit brought in the United States over one of its articles in more than 50 years.”

The Associated Press contributed to this report.

With 74 days remaining until the midterm elections and average retail ground-beef prices hovering near $7 per pound, President Trump said in a Truth Social post Friday morning that his administration will temporarily waive certain tariffs on ground-beef imports. The move follows our Monday report highlighting signs that consumers are balking at record beef prices, with demand destruction beginning to surface against a backdrop of household stress, including Walmart sales that missed estimates and dismal July retail-sales data.

“Today, I concluded a deal to substantially lower the price of ground beef for working American families. As everyone knows, under President Biden, beef prices soared at their fastest rate and the American beef herd fell to its smallest size in modern history,” Trump wrote on Truth Social.

Trump continued, “As we work to rebuild this herd and help our ranchers, for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out-of-quota tariff.”

He concluded, “We have a commitment that this beef will be sold at 25 percent below current market prices. This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again.“

The temporary import waiver appears intended to address affordability concerns in supermarket aisles ahead of the midterm elections.

Because the relief is temporary, the longer-term supply backdrop remains challenging. Bank of America analysts recently cited Oklahoma State University agricultural economist Derrell Peel, who warned that the US cattle cycle is unlikely to improve anytime soon and that beef prices are poised to remain elevated through at least next year.

Data from the United States Department of Agriculture (USDA) show that the national average price of ground beef in supermarkets is hovering just below $7 per pound, a record high, as a prolonged cattle shortage shows no signs of abating anytime soon.

New data from Chicago-based market research company Circana, first published by Bloomberg on Monday, show that beef sales volumes declined .3% during the 13 weeks through mid-July. Volumes had risen about 5% during the same period in each of the previous two years. The decline is notable because it occurred during the peak grilling season around Memorial Day and July Fourth. Translation: demand destruction.

Read:

• When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers

With the cattle cycle likely to take several years to rebound properly, we recently outlined the one overlooked protein that is far cheaper than beef (read here).

Authored by James Howard Kunstler,

“. . . it’s subversion and nothing about it is accidental. it’s a well worn playbook to use the democratic institutions of a high trust state to destroy a civilization.”

– El Gato Malo on Substack

An eerie quiet masks the panic rising among the many players in the long-running train of crimes carried out under color-of-law against the people of this country that goes roughly under the clunky name of The Grand Conspiracy. What is Joe DiGenova up to, exactly, in the Southern District of Florida, with its several grand juries grinding away? Indictments will fly, for sure, but then who will flip on whom? It won’t take a whole lot of flippers to seal many fates in this skein of sedition and treason. The tension must be terrible for them.

The question has long been: how do you even begin to organize a set of coherent cases around this roaring avalanche of nefarious acts that got bigger with each successive attempt at cover-up?

Let’s see if we can block out a panoramic picture of potential prosecutions.

The gigantic mess must be separated into packets.

It’s probably best to begin with the FBI’s “Midyear Exam” op of 2016 – the investigation into Hillary Clinton’s private email server. You can bet that the server contained evidence of HRC’s two seminal crimes that kicked things off: 1) the transfer of US military technology to Russia’s Skolkovo high-tech hub and payments from seventeen companies involved coincidentally received by the Clinton Foundation when she was Sec’y of State; and 2) the “Uranium One” deal transferring US-owned nuke material to Russia (via Canada) that required a State Dept signoff by HRC — coincident with husband Bill receiving a half-million dollar “lecture fee” from a Russian bank. Players involved in Midyear Exam: Comey, Strzok, McCabe, Page, then-AG Loretta Lynch.

That potential embarrassment of this sketchy business was simply squashed by Lynch and Comey, while HRC took care to physically destroy the server and devices linked to it. But it also prompted the creation of the Russian collusion prank against then-candidate Donald Trump, (“Crossfire Hurricane”) to distract attention from all that. . . which turned into the huge RussiaGate operation that marshaled the FBI, the CIA, the Senate Intel Committee, and offices deep in the Pentagon to put over a gigantic hoax. It was green-lighted by President Barack Obama and organized by CIA-Director John Brennan, with FBI Director Comey and DNI James Clapper. Supporting players (potential defendants) include Susan Rice, Sally Yates, Veep Joe Biden (or “Joe Biden”), then White House aide Lisa Monaco, and CIA agent Eric Ciaramella (who wrote the actual Intel Community Assessment that jump-started the op). McCabe, Stzrok, Page, Ohr (and wife, Nellie), Rosenstein, and many FBI agents are potential defendants. Also Gina Haspel, CIA London station chief, who coordinated with the UK’s MI6 agent, Christopher Steele of the Steele Dossier. Throw in DOD-sponsored spook Stefan Halper and FBI liaison in London, Alan Kohler. After May, 2017, Christopher Wray was responsible for all FBI mischief and FISA Court irregularities (along with FISA Judge James Boasberg).

The Mueller Investigation was a subset of RussiaGate, but deserves its own case packet. It was an attempt to legitimize the RussiaGate hoax, and to keep the news media fed with innuendo. In effect it was a hoax unto itself, consumed $32-million, and ran nearly two years. It produced exactly nothing in evidence that President Trump had “colluded” with Russia about anything. Since Robert Mueller was mentally incapacitated, the investigation was run by subordinates, Aaron Zebley, Andrew Weissmann. Attorneys Jeanie Rhee, Elizabeth Prelogar, Brandon Van Grack and others. It was a fraud on the public and probably an obstruction of justice.

Impeachment No. 1 (the Ukraine phone call impeachment) was an entirely false operation cooked up by lawfare ninja Norm Eisen in collusion with Reps. Jerrold Nadler and Adam Schiff, with assistance from CIA agent (“whistleblower”) Eric Ciaramella and NSC member Lt. Col. Alex Vindman, with a boost from then-IC Inspector General Michael Atkinson. Eisen later admitted on a video that the aim of the impeachment was to “prebunk” Veep “Joe Biden’s” bribery and grift activities in Ukraine as the Democratic party prepared to run him for president in 2020. Ciaramella had accompanied Veep “Joe Biden” on several trips to Ukraine and knew what “JB” was up to there. Indict them all for sedition and treason.

The 2020 election op was pulled off in coordination with the Covid-1 scam that positioned the nation for massive mail-in ballot fraud, which was coordinated by lawfare ninja Marc Elias, then employed by the Democratic Party law firm Perkins Coie. Elias was assisted by Mark Zuckerberg (Facebook, now Meta), whose nonprofit, Center for Tech and Civic Life (CTCL), distributed over $400-million to roughly 2500 election districts around the country, much of it used to pay select officials who would count and report mail-in ballots. The mail-in ballot fraud had been planned and gamed-out previously by the non-profit org Transition Integrity Project, run by Rosa Brooks and Nils Gilman.

In October 2020, fifty-one former intel officials signed a public letter denouncing the Hunter Biden laptop as having “the earmarks of Russian disinformation.” The letter was organized by Antony Blinken and former CIA-Director Michael Morrell. It was done in coordination with a social media campaign to suppress public knowledge of the laptop (and the Biden family record of international grift inside it) to influence the presidential election a month later. Potential fraud indictments.

The Jan 6 riot at the US Capitol has never been adequately investigated. FBI Director Wray was allowed to evade answering to Congress about the number of FBI agents and associated employees (including CIA personnel) that were mixed in with the crowd to provoke the intrusion inside the building and related violence. Speaker Nancy Pelosi engineered the situation so that the certification of electoral vote slates would not be challenged as procedure allowed. Sedition and Treason.

The Jan 6 Congressional Committee was a fraud on the American people put together by Speaker Nancy Pelosi to coverup her involvement in the crimes behind the Jan 6 Capitol riot. The members involved likely enjoy Congressional immunity for the spectacle itself, but perhaps not for destroying all the evidence that was collected in the course of the investigation. Chairman Bennie G. Thompson was responsible for that.

The Mar-a-Lago raid of August 2022 was authorized by Attorney General Merrick Garland and carried out by FBI Director Wray with Assistant Director Steven D’Antuono. Three months later, Garland appointed Jack Smith Special Counsel to oversee the Mar-a-Lago documents case, which he botched, resulting in its dismissal two years later. The raid itself arguably lacked probable cause and was based on an improper scope of evidence sought. Indict Merrick Garland under 18 U.S.C. § 241, conspiracy against rights.

The lawfare operations of 2023-2024 in several jurisdictions resulted in indictments against candidate Donald Trump and others in Fulton County, GA, and New York City. The Fulton County case under DA Fani Willis (later disqualified for “the appearance of impropriety”) was assisted by the “Joe Biden” White House, possibly by attorneys Richard Sauber and Beth Mueller in the WH Counsel’s Office, giving it the odor of a purely political prosecution. In the the Stormy Daniels hush money case against Donald Trump brought by Manhattan DA Alvin Bragg, DOJ officer Matthew Colangelo left his cushy position as Principal Deputy Associate US Attorney General to take a job assisting DA Bragg in the NYC court. Colangelo delivered the opening statement at the 2024 trial and played a central role in the prosecution. The trial was presided over by political judge Juan Merchan. Just days ago, The New York Times reported that the Democratic Party fundraising company, Authentic Campaigns, previously owned by Judge Merchan’s daughter, Loren Merchan, has been under investigation the past year. Anybody detect the odor of politics? Malicious prosecution, improper judicial conduct.

Many of the political celebrities mentioned above, and probably many not-so-well-known players, must be freaking out as the waves ominously pound the beach and the summer days tick down toward the ill winds of fall. I’m pretty sure that readers and commentors can add some candidates to the list of potential indictments, and perhaps some ops I might have overlooked. (The entire odious Covid-19 affair is partly a separate matter, but that has also commenced a new phase with the guilty plea deal announced days ago by Dr. Fauci’s chief advisor, Dr. David Morens.) Even former President Obama looks boxed-in. He enjoys immunity from actions he took as president, but that immunity prevents him from hiding behind the fifth amendment as a now-private citizen in a court of law.

Things are livening up.

Authored by Naveen Athrappully via The Epoch Times,

Immigration and Customs Enforcement (ICE) arrested five suspected child predators during an operation in Omaha, Nebraska, between Aug. 12 and 14, the agency said in an Aug. 20 statement.

The undercover operation was carried out by ICE’s Homeland Security Investigations (HSI) Omaha unit together with state and local partners. Among the five arrested and charged, three had prior convictions for sexual crimes against children and were also listed on sex offender registries, the agency said.

If convicted on the new charges, these three individuals could face enhanced penalties, likely adding 10 more years to any sentence.

ICE said the HSI is “delivering on President Trump and Secretary Mullin’s mandate to protect America’s children.”

More than 5,000 child predators and human traffickers have been arrested since President Donald Trump took office in January 2025, according to an Aug. 18 White House statement.

Trump has backed law enforcement agencies and empowered the Federal Bureau of Investigation to “hunt predators instead of political targets,” the White House said.

In its recent statement, ICE said that one of the arrested individuals, Bryan Dady, 48, a U.S. citizen, has been listed in Nebraska’s sex offender registry for a 2023 conviction for enticing a 9-year-old girl. The person was also arrested in January this year on new charges alleging the grooming and enticement of a 13-year-old.

Another individual, Jocsan Aparicio Santos, 39, a Mexican citizen with lawful permanent residency in the United States, is currently on a sex offender registry for a 2010 conviction linked to assaulting a 15-year-old girl.

A third individual, Logan Trigg, 29, an American citizen, is also on a sex offender registry for a conviction related to sexually assaulting a 13-year-old girl.

The fourth person, Law Eh, 39, a naturalized American from Burma, also known as Myanmar, was charged with possessing files containing child sexual abuse material, while the fifth, Tillian Hutton, 25, another U.S. citizen, is facing charges of sex trafficking children.

All five suspects intended to engage in sexual acts with children, according to ICE.

“These cases are not hypothetical; they show a real demand for the sexual exploitation of children in our community,” HSI Kansas City Special Agent in Charge Rick Sabatini said in the statement.

“They show why law enforcement must continue to identify and disrupt offenders before they have the opportunity to harm a child.”

According to ICE, the HSI Omaha Metro Juvenile Sex Trafficking Task Force has obtained 21 federal convictions for sex trafficking children since 2021.

The Epoch Times reached out to the public attorneys representing the charged individuals but did not receive any response by publication time.

Child Trafficking, Exploitation

According to data from the National Center for Missing & Exploited Children, it received more than 113,500 reports of potential child sex trafficking last year, a 323 percent increase from 2024.

A child can be trafficked by family members, strangers, and gangs. In some cases, exploitation of children may not involve any trafficking. Instead, the children may be offered food, money, or shelter in exchange for sexual engagement.

Some of the risk factors of child trafficking include intergenerational sexual abuse, low self-esteem, substance abuse, gang activity, and developmental or physical disabilities, the center said.

Legislative actions have been taken to address the issue of child exploitation. On June 10, Trump signed the Secure America Act into law, which contained a provision to combat child exploitation.

The provision provided the Department of Homeland Security with $108.5 million to hire 200 new child exploitation investigators and analysts, according to a June 9 statement from the office of Sen. Josh Hawley (R-Mo.), who introduced the provision.

Before the legislation was in place, Homeland Security employed seven full-time specialists to identify child exploitation victims, the statement said.

“That’s two hundred new law enforcement officers to find and rescue kids trafficked by predators and a new initiative to coordinate local, state, and federal enforcement,” Hawley said in the statement. “This is the biggest surge against online child exploitation ever by the federal government. It’s time to rescue these kids.”

In an unrelated operation, the U.S. Marshals Service said on Aug. 10 that 48 missing children from Massachusetts were rescued during a multi-agency operation tied to the FIFA World Cup.

The agency said the rescued children were between 12 and 17 years old. Several of them were found outside state borders after investigators tracked leads across the country and to multiple states. The children have since been reunited with their families or referred to child welfare and victim services, the service said.

In another major operation conducted in April, Operation Iron Pursuit, the FBI targeted alleged child exploitation predators across the United States. The effort led to the rescue of more than 200 child victims and the arrests of more than 350 individuals, the FBI said in a May 15 statement.

An earlier effort, the two-week Operation Relentless Justice conducted in December, resulted in 205 child victims being located and 293 alleged offenders being arrested.

China has firmly rejected Washington’s call to join in implementing US sanctions to “squash” Iran’s economy, pushing back against Trump administration pressure to be part of the “toughest sanctions in history” which has marked a new phase of conflict focused on extended economic warfare, as a military solution is seen as increasingly unrealistic and unlikely.

“Regarding the Iran issue, sanctions and pressure do not help resolve the problem,” Reuters quoted a representative of the Chinese Embassy in Washington as saying. The White House’s new plan is to include heavy reliance on international pressure on external countries to impose extreme isolation on the Islamic Republic.

Chinese foreign ministry spokesman Lin Jian said the same to reporters Friday in a regular briefing. “China calls on all relevant parties to take responsible measures and resolve the problem through political and diplomatic means,” he said.

Asked specifically about the latest comments of US Treasury Secretary Scott Bessent, Lin emphasized the need for all parties to take “responsible measures” in resolving the war. “China opposes illegal unilateral sanctions that have no basis in international law and are not authorized by the UN Security Council,” Lin said.

Bessent had on Thursday told CNBC: “It is a one-two punch. We have ​the blockade (on Iran), and we are going to have the toughest sanctions in history.” He then vowed, “It is going to work in Iran and we are going to collapse this ⁠regime.”

He further invoked some (infamous) words of President George W. Bush issued to allies in the wake of the 9/11 attacks. “You are either with us, or against us,” Bessent said in the interview. “This is going to be the greatest coordinated economic isolation in the history of the world.”

Such back-and-white rhetoric is very unlikely to sway the Chinese, given also that of course they know what happened next after that original proclamation by Bush – American forces got stuck in no less than two quagmires in the Middle East, Afghanistan and Iraq, in what came to be viewed cynically as ‘forever wars’. 

What’s more as the blowback in Baghdad was pretty immediate, as a key unintended consequence of the US regime change war was the ascendancy of pro-Iran Shia politicians ruling Iraq. Beijing is all too aware of the US score card in the region, even as Washington decision-makers continue ignoring the glaring lessons of recent history.

Bessent seemed perplexed at the reaction in oil prices on Thursday, while he also said that discussions with Beijing would be best done in private:

“I think oil markets are misinterpreting what this economic pressure ​means,” Bessent said on Thursday. Oil ​prices climbed to more ⁠than three-week highs on Thursday.

“We have asymmetric information, and I’m not sure why oil has popped up on this,“ Bessent said. “If we are doing the maximum economic ​pressure, then that means that likely there will not be a large-scale kinetic ​restart.”

When asked ⁠if the U.S. could target China for doing business with Iran, Bessent said many conversations were best to have in private.

“We are confident that everyone wants the Strait (of Hormuz) reopened, and for energy prices to come back down,” ⁠he continued. “Keep ​in mind that the Chinese get 50% (of their) energy from ​inside the Gulf. So it would do them a big service to get with the program.“

Still, Bessent has been busy doubling-down on Trump’s message shift this week (opting for an economic siege warfare ‘solution’ as after military strategy hasn’t gone so well)…

Any remaining tie to Tehran will hasten a nation’s economic oblivion, whether that tie be purposefully constructed or willfully ignored. pic.twitter.com/T3vticluAg

— Treasury Secretary Scott Bessent (@SecScottBessent) August 20, 2026

Tehran has been consistently saying that is is ready for a long war, whether that come in the form of more US-Israeli bombs, or else an economic siege. Even Reuters has acknowledged the obvious in its own coverage, saying “Iran has weathered punishing economic sanctions for nearly 50 years, since the Islamic Revolution of 1979.“

“Iranian Foreign Minister Abbas Araqchi called Trump’s comments an attempt to divert American public opinion from domestic financial problems, including record debt and rising interest rates,” the report added.

There’s an additional important factor. At this point there’s no way that the two key UN Security Council permanent members Russia and China will sign off on any big new anti-Iran sanctions regimen brought before the United Nations.

Closer to home, the White House risks more China blowback, especially with President Xi Jinping slated to visit the US next month. Bloomberg poses the following in Friday analysis:

“Is the White House willing to prioritize this new economic warfare campaign above its China relationship? And if it chooses to, there are serious ramifications,” said Chris Kennedy, an economic statecraft analyst at Bloomberg Economics. Kennedy said the new threats are also an “admission that the US is running out of options.”

Any decision to hit China would risk worsening tensions just weeks before Trump hosts Xi for the Chinese leader’s first visit to Washington in a decade. It also raises the threat of Chinese countermeasures that could inflict pain on the US economy ahead of November midterm elections that will hinge on pocketbook issues.

Beijing has already demonstrated a willingness to push back against Trump, most notably by announcing export restrictions on rare earths that forced the White House into a climbdown from their tariff fight.

Meanwhile, more pushback against this week’s Axios report saying that large quantities of oil are moving through the Strait of Hormuz via a US Navy established ‘stealth’ corridor:

Why aren’t the Iranians attacking more ships transiting the Strait of Hormuz to inflict more pain on the US? Why are they so copacetic about it? According to this level-headed (run it through Google translate) analysis by Iran’s official news agency, the US is lying about the… pic.twitter.com/K6A8tgLojB

— Borzou Daragahi 🖊🗒 (@borzou) August 20, 2026

On Friday, Iranian President Masoud Pezeshkian said that Iran will “under no circumstances bow to bullying.” But he also struck somewhat of a conciliatory tone, perhaps signaling Iran is still open to dialogue so long as Washington is willing to compromise.

“It would be better to end the war today, now that we are strong and have dignity, with the whole world acknowledging our victory,” the semi-official Iranian Students’ News Agency quoted him as saying.

At least 15 have been killed and 121 injured after a Friday afternoon apparent Russian drone strike on a busy shopping call in the central Ukrainian city of Kryvyi Rih, regional officials say. Casualty numbers could grow amid ongoing search and rescue efforts at the scene. Some of the injured are in serious condition.

President Zelensky quickly issued a statement on the attack which was carried out on his own hometown, calling it “cynical and despicable” and underscoring that it was “an ordinary shopping center”.

Zelensky described that the strikes came in two waves, with the second drone hitting “half an hour after the first hit and the ensuing fire, there was a second strike on the emergency services. He urged for the “the world” to respond “accordingly – with real pressure on the aggressor.”

“Attacks like these are nothing less than terrorist acts,” Zelensky wrote further, and pledged a strong response to the aggression.

According to The Associated Press, the same city has suffered immensely from prior attack waves stretching throughout the war:

Local administration head Oleksandr Vilkul put the death toll at 14, adding that 121 people were injured, including 22 children. He said the rescue operation was ongoing as “the rubble is being cleared.”

Kryvyi Rih has been hit multiple times during the more than 4-year-old war, with one of the deadliest occurring in April 2025, when 20 people, including nine children, were killed.

Multiple videos have emerged from the scene, showing what appear to be a Geran-4 (jet-powered) drone attack…

Kryvyi Rih right now ‼️

This is the largest shopping mall in the city, Russia keeps attacking it on busy Friday afternoon.

At least 2 people reported killed, at least 12 injured. Continues strikes prevent resquers from helping the victims! pic.twitter.com/s4VJwtrktF

— Kate from Kharkiv (@BohuslavskaKate) August 21, 2026

The Ukrainians have all the while pressured Western backers to give more anti-air missiles, especially Patriot batteries, which have been in short supply worldwide, also amid the Iran war in the Middle East.

Ukraine’s own deadly long-range attacks deep inside Russian territory have continued, meanwhile.

“A Ukrainian drone attack killed one person and wounded four others when a car was struck Friday in Russia’s Belgorod region near the village of Razumnoye, local officials said, adding that two of the injured were in serious condition,” AP also notes.

The death toll in Kryvyi Rih has climbed since initial reports began circulating:

🇷🇺⚡️🇺🇦 ⚠️ Russian Geran-4 jet-powered drones struck the Sun Gallery Mall in Kryvyi Rih, Ukraine’s Dnipropetrovsk region, killing at least 5 civilians and injuring more than 90 others. pic.twitter.com/ayIWIt5meT

— #Inside_News (@insider_der) August 21, 2026

“Earlier, Zelenskyy said a separate Ukrainian drone attack hit an oil refinery in Perm, more than 1,600 kilometers (about 995 miles) from his country’s border. Also struck was the Marinovka military airfield in Russia’s Volgograd region, he said,” the report adds.

Washington is lately calling for renewed efforts to get the warring sides to the negotiating table to finally end the war. The Kremlin on Friday said it is open to ‘new ideas’ – though any final settlement must be in line with Putin’s demands as well as “realities on the ground”.

Authored by Jill McLaughlin via The Epoch Times,

FBI agents foiled an alleged ISIS-inspired bomb plot on the New York State Capitol on Aug. 19 that they say was concocted by a local woman who had pledged allegiance to the terrorist group earlier this year.

Jessica Bowie, 35, was captured by surveillance while doing reconnaissance on the New York Capitol in an undated photo. U.S. Department of Justice

Jessica Bowie, 35, of Albany, New York, was formally charged on Aug. 20 with attempting to provide material support to a designated foreign terrorist organization, the U.S. Department of Justice announced.

The FBI discovered and stopped the alleged plot, which included a plan to kill state senators and destroy the building, the statement said.

“As alleged, Bowie plotted to deploy an explosive device at the New York State Capitol, intending to kill public officials and to destroy ‘as much of the building as possible’ before fleeing to ISIS‑controlled territory in Syria,” Assistant Attorney General for National Security John A. Eisenberg said in a statement.

The New York State Capitol, built between 1867 and 1899, houses the governor’s office, the state Legislature, and the famous Million Dollar Staircase.

New York Gov. Kathy Hochul said on X that she was grateful the FBI and the New York State Police made the arrest. The state strengthened security at the Capitol and across the government after a rise in violence and threats against public officials this year, she said.

“While there is no immediate threat at this time, we will continue working closely with our law enforcement partners to protect New Yorkers and keep our communities safe,” Hochul said in her post.

FBI Special Agent Joshua Parker, assigned to the Joint Terrorism Task Force in Albany, detailed the investigation into Bowie’s alleged plans in the court complaint.

Bowie converted to Islam about five years ago and adopted the Islamic name “Aisha Saif,” Parker said.

She also used social media to spread anti-American messages using a dozen profiles, he said.

Jessica Bowie is seen on store surveillance buying items that authorities say were meant to build an explosive device. U.S. Department of Justice

Between May and July, prosecutors said several of her accounts praised Allah for the 9/11 terrorist attack in New York in 2001 and allegedly also said she wanted to poison infidels. She also allegedly relayed other messages supporting terrorism, according to the FBI.

On May 28, Bowie posted messages indicating she had pledged allegiance to the ISIS terrorist group and to people who engage in jihad, which can mean “violence” when used by the terrorist organization and its members, according to Parker.

Authorities allege Bowie planned the attack on the New York State Capitol from about July 16 to Aug. 17.

An FBI confidential source posing as an ISIS facilitator spoke with Bowie through a messaging app, according to the complaint. Bowie allegedly discussed her plans to attack the building in Albany over the next two weeks.

On July 16, an FBI source acting as an ISIS facilitator asked Bowie about her views, and she allegedly told him “jihad is an obligation until the day of judgment.”

That same day, Bowie allegedly asked for help on another social media platform to carry out the attack and later described the location as the state Capitol.

Parker said Bowie also mentioned she wanted to fly to Syria to join other ISIS-controlled territories.

Bowie then pledged her allegiance to the leader of ISIS on July 17 and surveilled the Capitol, walking around the building on five occasions between July 21 and Aug. 9, according to court documents.

Messages sent later suggested Bowie allegedly wanted to destroy as much of the building as possible and kill state senators while they were meeting. Investigators say she also wanted to destroy a lot of important documents.

The New York Capitol in Albany on June 20, 2023. Hans Pennink/AP Photo

Investigators recorded Bowie at a home improvement store where she allegedly purchased about $200 worth of items to create a bomb on Aug. 5.

FBI informants met again with Bowie in a car on Aug. 19 when they say she told them she was ready to carry out the attack.

“Bowie also told [a paid FBI informant] that she went from a little girl waving an American flag after 9/11 to now having stickers of the fallen towers,” Parker wrote in the complaint.

She left the meeting with a firearm, magazine, and ammunition, and a fake explosive device in her bag. She was arrested by the FBI as she exited the car, according to the complaint.

The complaint says Bowie told FBI agents after her arrest, “There’s no helping me, you guys know enough, there’s no helping me, I’m … going to prison for the rest of my life.”

Bowie remains in federal custody at the Schenectady County Jail and was not reachable for comment.

She faces a maximum of 20 years in federal prison, a fine of up to $250,000, and a lifetime term of supervised release if convicted.

Her lawyers at the Federal Public Defender’s Office in the Northern District of New York didn’t immediately return a request for comment.

After the market learned in late July that Leopold Aschenbrenner’s Situational Awareness hedge fund had blown up under too much Total Return Swap and option leverage (as we had warned a month earlier would happen), the next big question facing investors was: how long would Citadel keep the positions it bought from Leopold (at a huge market and transactional discount – recall Citadel only agreed to purchase the public book at a 10% discount off what was already a badly beaten down price), and would Ken Griffen prove to be as firm a believer in the AI theme as the prior, 24-some year old owner of stocks such as Bloom Energy, Sandisk, Micron, Taiwan Semi and Nebius.

We got the answer from Griffin himself earlier today when the Citadel CEO said in a letter to investors that Citadel has sold most, or more than 80%, of the portfolio it took on from buying the majority of Situational Awareness’s stock bets last month after the AI-focused hedge fund was nearly toppled by the recent tech sell-off.

“To date, we have successfully shed more than 80% of the aggregate risk from the original portfolio” Ken Griffin wrote in the letter that rushed to make it clear he has zero intentions of holding the extremely volatile memory and other chip stocks longer than was absolutely necessary. 

Ken Griffin to his investors in a letter, three weeks after buying Leopold Aschenbrenner’s portfolio:

“We have now successfully shed more than 80% of the aggregate risk from the original portfolio. We completed nearly 100 block trades totaling over $4 billion”

this is CNBC on… https://t.co/WyBAMvd9tG pic.twitter.com/dK7llJOdUP

— bodila (@51bodila) August 21, 2026

Griffin also said that he has “completed nearly 100 block trades totaling over $4b in market value ” adding that the trades included the “largest intraday block trades of the year.”

Why block trades? Because as Leopold’s liquidation demonstrated, the only reason why his stocks exploded as high as they did, is because they are abysmally illiquid and Situational Awareness – with the help of lots of leverage – ended up being the only size buyer of his own stocks! Of course, we all saw what happened when it then flipped to size seller, much to Ken Griffin’s delight.”

Which was only possible because the stocks in his portfolio were catastrophically illiquid

— zerohedge (@zerohedge) August 14, 2026

“Over our nearly thirty-six-year history, we have prided ourselves on being front-footed and proactive during periods of market dislocation,” Griffin wrote in the letter.

Said otherwise, after making several billions dollar in profit on Leopold’s momentum darling liquidation, Citadel is now almost fully out, and has largely closed the trade, leaving other momo chasers to re-engage with what Griffin clearly did not view as “value stocks.”

“A transaction of this magnitude could not have been completed without the extraordinary cooperation of the trading and prime brokerage teams at the banks serving both firms,” Griffin wrote in the Friday letter to clients. “I am grateful for the focused effort they brought to the rapid transfer of the portfolio.

Citadel’s Wellington fund finished up the month 5.94%, YTD up 12%, with half of the YTD upside thanks to Leopold’s distressed liquidation. Most of Citadel’s rivals lost money in July.

Citadel’s sudden, last minute swoop for the Situational Awareness stock portfolio marked one of the largest rescue deals in Wall Street history, and a dramatic episode in a rollercoaster period for equities as investors rushed into stocks linked to AI before being gripped by anxiety that the boom in the sector was overblown, as the FT put it. The weeks-long sell-off of tech stocks in July spurred widespread pain on Wall Street. Situational Awareness, the hedge fund run by 24-year-old OpenAI alumnus Leopold Aschenbrenner, emerged as its biggest casualty.

Aschenbrenner, who was fired by OpenAI, boasted extensive connections in Silicon Valley and was hailed by some as a prodigy and the “Nostradamus of AI”.

As he faced losses in July’s sell-off, Aschenbrenner first tried to raise additional funds through individual asset sales, but then pivoted to selling the majority of his stock holdings to Griffin’s firm in a deal that was pulled together in just 24 hours.

Citadel purchased the positions at a roughly 10 per cent discount, the FT has previously reported, betting that it could afford to hold the stocks until the market steadied. Shares of Situational Awareness’s biggest holdings, including chipmakers Sandisk and Micron, quickly recovered, giving Griffin a window to turn a rapid profit.

Griffin’s rescue was also a self-fulfilling prophecy. Griffin’s agreement to buy Aschenbrenner’s stock book stymied fears of more forced selling on Wall Street, which helped to boost share prices across the tech industry. Ironically, the very same boost that was sparked by confidence that the selling was now over, is what allowed Griffin to quietly unwind the same stocks he had acquired, for billions in profit.

Griffin rarely writes letters to investors. His message this week was a testament to the extraordinary nature of the rapid deal he cut with Situational Awareness last month.

“Over our nearly thirty-six-year history, we have prided ourselves on being front-footed and proactive during periods of market dislocation,” Griffin wrote. The firm’s flagship fund was up 6 per cent in July, while many of its rivals lost money or were relatively flat.

“Only Citadel could have delivered a solution of this scale on this timeline,” he added.

Authored by Emel Akan via The Epoch Times,

President Donald Trump appeared on Michael Cohen’s radio show and commended his former attorney for recanting his previous statements.

Their conversation marked a surprising thaw years after their relationship collapsed amid public feuds and legal battles. Part of the interview with Cohen’s show “When You Know, You Know” aired on 770 WABC Radio at 6 p.m. Thursday. The rest will be released on Aug. 23.

“They weaponized you. They weaponized a lot of people,” Trump told Cohen. “I respect the fact that you recanted everything you said, and that’s a big thing that you did.”

“You’re going to go down as a man of courage, great courage, because you did something that a lot of people wouldn’t have the guts to do,” Trump told Cohen.

“I guarantee your family greatly respects what you did.”

This was Cohen’s first public conversation with Trump in eight years.

Cohen shared a Substack article that served as a recollection of the public feud the two had, which included Cohen’s testifying against Trump in his New York City criminal trial in 2024. Cohen served as one of the Manhattan District Attorney’s Office’s star witnesses, alleging the president was involved in a plan to pay off a former adult film actress, Stormy Daniels, during his 2016 campaign.

“Eight years of silence. Hundreds of thousands of headlines. Fifteen years of history fractured in an instant, and somehow, against almost every expectation, here we are,” Cohen wrote.

Ever since he announced that Trump would appear on his radio show, Cohen stated that his inbox became a “digital battlefield.”

“It has been flooded with hatred, anger, disbelief, and some of the most spectacularly vicious things imaginable,” Cohen wrote.

In 2018, Cohen was sentenced to three years in federal prison after pleading guilty to campaign finance violations, tax evasion, bank fraud, and lying to Congress. He completed his sentence and supervision requirements in November 2021.

Speaking to Politico on Aug. 19, Cohen answered a question about whether he would seek a presidential pardon.

“We’ll see,” he said in response. “Will I make that request down the road? I don’t know. Maybe, maybe not.”

Trump, who was convicted in a jury trial on 34 counts of falsifying business records, denied the charges against him and pleaded not guilty. He has long said that the Manhattan district attorney’s case and cases that were brought against him in Georgia, Washington, and Florida were a “political witch hunt.”

The judge who oversaw the case, Juan Merchan, sentenced Trump to an unconditional discharge in January 2025, about two months after Trump won reelection.

In his first term, Trump often criticized Cohen in response to claims his former lawyer made about him, writing on X in 2018, “If anyone is looking for a good lawyer, I would strongly suggest that you don’t retain the services of Michael Cohen!”

During the interview with Cohen, Trump also talked about the economy, Venezuela, and the Iran conflict.

He said that if he ran again, “I think I’d win by 25 points.”

“The economy has never been stronger,” the president said.

Regarding Iran, Trump said, “It’s not easy to make a deal” with the regime.

“Nobody knows who’s leading,” he said.

Trump also defended his military decisions, telling Cohen, “I would have done it again a hundred times.”