56.4 F
Chicago
Tuesday, September 29, 2026
Home Blog Page 2396

Stocks Surge On Small Drop In Initial Jobless Claims; Continuing Claims Hits 33-Month High

Stocks Surge On Small Drop In Initial Jobless Claims; Continuing Claims Hits 33-Month High

The number of Americans filing for jobless benefits for the first time fell from 12-month highs at 249k to 233k last week…

Source: Bloomberg

The non-seasonally-adjusted claims data plunged and is basically unchanged over one and two years…

Source: Bloomberg

…as it appears the Texas storm impact is fading…

Source: Bloomberg

With Michigan and Texas dominating the drop in initial claims…

But, continuing jobless claims rose to 1.875mm Americans – the highest since Nov 2021…

Source: Bloomberg

…and smoothing for the week to week noise – the 4-week moving average of initial claims also reached a new cycle high.

One key thing to note that we warned about…

Is this bad news or good news?

Stocks seem to think ‘good’ news.

Imagine what happens next week if CPI is hotter than expected?

Tyler Durden
Thu, 08/08/2024 – 08:36

Nassau County Criminalizes Masks To Counter Far-Left Mask-Wearing Activists 

Nassau County Criminalizes Masks To Counter Far-Left Mask-Wearing Activists 

Nassau County Republicans passed the “Mask Transparency Act” on Monday, making it a misdemeanor for anyone 16 and older to wear a face mask in public spaces except for health and religious reasons. This move aims to curb criminals or violent protesters who exploit mask-wearing to conceal their identities. 

Nassau County Legislator Mazi Pilip proposed the Mask Transparency Act after one of her constituents was attacked by a mask-wearing protester.

“Having them covering their faces, thinking they can do whatever they want. This is absolutely unacceptable,” Pilip told NBC New York.

Nassau County Executive Bruce Blakeman shared a similar view… 

“Unless someone has a medical condition or a religious imperative, people should not be allowed to cover their face in a manner that hides their identity when in public.” 

Violators of the bill could be slapped with a fine of up to $1,000 and even jail time. The bill had unanimous support from all 12 Republican legislators in Nassau County. 

Far-left protesters, including Antifa, Black Lives Matter, and some pro-Palestinian protesters, have favored masks to conceal their identities.

Meanwhile, criminals emboldened by failed progressive laws in New York City have had a field day with mask-wearing policies, utilizing them to their advantage. From smash-and-grabs to robberies to subway attacks, it’s widely known that criminals wear masks.  

Even Democratic New York Gov. Kathy Hochul has considered banning masks in NYC over “antisemitic acts” and other crimes. 

The New York Civil Liberties Union criticized the bill, calling the exceptions “wholly inadequate.” 

“Nassau County police officers are neither health professionals nor religious experts capable of deciding who needs a mask and who doesn’t,” NYCLU wrote on X. 

Democrats are likely going to freak about this new bill because now their ‘agents of change’ – or far-left professional protestors will actually have to show their faces or risk being arrested.  

Here’s a bold move for Republican lawmakers nationwide… Replicate the Mask Transparency Act across your metro areas to stop the spread of criminals and violent protests.

Tyler Durden
Thu, 08/08/2024 – 07:45

The Rot In The Commercial Real Estate Market In One Story

The Rot In The Commercial Real Estate Market In One Story

Authored by Mike Maharrey via Money Metals,

I’ve been watching the commercial real estate (CRE) sector as a potential catalyst for the next financial crisis. So far, it has managed to hold together, but there is still trouble brewing under the surface.

The story of one commercial real estate investment by UBS Group is a microcosm of the commercial real estate market.

In 2006, an investment fund managed by a division of UBS bought the Sports Illustrated Building in Manhattan for $332 million. It purchased the land under the 925,000-square-foot building in 2012 for $279 million. 

Seven years later, UBS sold the land to Safehold for $285 million. Safehold specializes in land leases, and at the time of the sale, UBS inked a long-term ground lease with the company to retain control of the building.

According to Wolfstreet, UBS likely held onto the building in 2019 because there was an office shortage in Manhattan, and rents were sky-high. 

“In theory, UBS could draw income from the building – the office rents, on their way to the moon, would hopefully exceed the costs of the ground lease and other expenses – while it had drawn $285 million in cash out of the property.”

As you can guess, things didn’t turn out that way.

Not anticipating COVID-19, UBS pumped even more money into the building, with approximately $76 million in renovations.

When construction was completed in early 2021, the building was leased to about 40 percent of capacity. At the time, UBS had invested about $408 million in the property.

Of course, by this time, the CRE market was in the midst of a freefall. Building occupancy quickly fell to 35 percent. 

UBS faced a double-whammy of falling occupancy and declining rents. Rental income could no longer cover the ground lease. As WolfStreet put it, “The whole thing had turned into a money-suck.”

UBS put the tower on the market. It almost managed to cobble together a deal, but it fell through. Eventually, the investment bank sold the building via online auction for a paltry $8.5 million.

Putting it all together, UBS paid $332 million for the building and then invested another $76 million in renovations for a total of $408 million.  Then it sold the building for $8.5 million, a massive $399.5 million loss.

It did manage to eke out a $6 million gain on the land, dropping the total loss to $393.5 million – a 43 percent loss on the investment.

The loss won’t look as bad on the books because accounting rules allow UBS to depreciate the value of the building, but accounting tricks don’t mitigate an actual loss.

Now, multiply this scenario hundreds of times and you can see why there is worry about the CRE market.

Today, the CRE sector faces the triple whammy of falling prices, falling demand, and rising interest rates. The post-pandemic rise of telecommuting and work-at-home programs crushed demand for office space. Vacancy rates in commercial buildings have soared.

This has put significant stress on commercial real estate companies. The biggest bankruptcy in 2023 was the failure of the Pennsylvania Real Estate Investment Trust. The company had loaded up with more than $1 billion in liabilities.

The collapse of the commercial real estate market could easily spill over into the financial sector. That’s because a lot of loans are coming due.

According to the Mortgage Bankers Association, around $1.2 trillion of commercial real estate debt in the United States will mature over the next two years.

According to Trepp (a real estate data provider), $2.56 trillion in commercial real estate loans will mature over the next five years, with $1.4 trillion held by banks.

All of that debt will have to be refinanced. That’s a big problem for debtors who face much higher interest rates to borrow money on buildings with much lower values.

And as the UBS example shows us, selling the buildings doesn’t offer a solution.

Tyler Durden
Thu, 08/08/2024 – 07:20

Alleged Terror Plot Sparks Cancellation Of Taylor Swift Concerts In Austria

Alleged Terror Plot Sparks Cancellation Of Taylor Swift Concerts In Austria

Three huge concerts by superstar pop singer Taylor Swift have been cancelled in Vienna after authorities on Wednesday announced they’d arrested two men alleged to have been plotting a terrorist attack. Three more suspects are reportedly at large. 

“Both [arrested] suspects had become radicalized on the internet and had taken concrete preparatory actions for a terrorist attack,” said Austria’s interior department in a press release. As is so frequently the case in Europe, details on the suspects — and especially their demographics — are scarce at this point. Officials did say that one suspect is a 19-year-old Austrian citizen who’d recently made an online pledge of allegiance to the Islamic State terror group. 

Taylor Swift on stage at Lumen Field in Seattle Washington (Mat Hayward/TAS23/Getty Images/TAS Rights Management via Rolling Stone)

“During our investigations, we identified preparatory actions and noted that the 19 year-old suspect had a particular focus on the Taylor Swift concerts in Vienna,” said Austrian director general for public security Franz Ruf at a press conference. He added that police who raided the man’s home in Ternitz — about 80 miles south of Vienna — found chemical substances, though it’s not clear what they were or if they were to be used in an attack. 

While the suspected plot against Swift has been neutralized, local media reports that three more men are wanted by police, who remain on an elevated state of alert. “The concrete threat, as you’ve heard, has been minimized, but there remains an abstract increased threat,” said Vienna State Police president Gerhard Pürstl. 

“The Taylor Swift concert plot fits ISIS-K’s modus operandi perfectly,” Colin Clarke, a counterterrorism analyst at the Soufan Group told the New York Times. “A high-profile soft target which, if successfully attacked, would result in massive civilian casualties while generating worldwide publicity.” As an example, he pointed to the 2017 bombing of an Arianda Grande concert in England that killed 22 attendees. 

The first of three concerts was scheduled for Thursday night. Together, the trio of event was expected to see almost 200,000 fans pack into Ernst Happel Stadium, which is also used for major outdoor sporting events and previously hosted the Rolling Stones. Each night, they expected 65,000 people inside the stadium and another 15,000 hanging around outside it. 

Vienna’s Ernst-Happel Stadion is the largest football stadium in Austria

 “With confirmation from government officials of a planned terrorist attack at Ernst Happel Stadium, we have no choice but to cancel the three scheduled shows for everyone’s safety,” said Austrian concert promoter Barracuda Music in an Instagram post. The firm assured that tickets would be automatically refunded within 10 business days. Fans — throngs of whom had already begun gathering around the stadium to socialize and buy souvenirs and swag — were crushed. 

News of the alleged terror plot in Austria comes little more than a week after a children’s dance workshop centered on Swift’s music was attacked in England, with a knife-wielding 17-year-old of Rwandan descent murdering three children and injuring nine more. 

“These were just little kids at a dance class,” Swift wrote on Instagram. “I am at a complete loss for how to ever convey my sympathies to these families.” In the aftermath of the attack, England has witnessed huge riots, with violence alternatingly unleashed by people fed up with mass, third-world immigration, and by immigrants themselves.  

In July, Austria’s Interior Ministry announced new requirements to be imposed on asylum seekers throughout the country. As EuroNews explained, the program is meant to “strengthen the integration of refugees and provide them with a clear grounding in Austrian values and social mores.” 

The “catalogue of requirements” includes mandatory charitable work for the government, or nursing service or homeless shelters. At the same time, a “benefits card” is being tested, to facilitate giving the migrants spending money. “If you don’t do any charitable work, your pocket money will be reduced from €40 to €20,” Interior Minister Gerhard Karner said. “That is one of the clear consequences.” Migrants will also have to “receive information about Austrian culture, values and social etiquette, as well as equality, democracy and anti-Semitism,” reports EuroNews.

Karner claimed in July that more restrictive immigration policies are helping to ease pressure on Austrian society — but Wednesday’s news of a suspected terror plot seems to show there are still alarming implications. While rioting probably isn’t in the cards in Austria, we can imagine that the cancellation of the highly-anticipated Swift concerts in Vienna might sour some local “Swifties” on the whole “diversity is our strength” mantra.  

Tyler Durden
Thu, 08/08/2024 – 06:55

Brussels Is Hellbent On Destroying European Farming

Brussels Is Hellbent On Destroying European Farming

Authored by Dénes Albert via ReMix News,

The EU, under the control of the global elite, is systematically crushing agriculture through its policies, but this is happening not only in Europe but also across the wider West.

The European Commission and the member states that slavishly follow it, such as Germany, are taking one measure after another that can have no other result than to make traditional farming and livestock breeding impossible, an act that has been practiced for thousands of years.

EU policies threaten to destroy what has provided us with our daily bread and food and make it impossible for farmers to survive. The adage of “No farmers, no food” is apt. Without them, we will all ultimately starve to death.

Denmark has recently announced that it will introduce cattle, pig, and sheep taxes in 2030. They say (…) these animals cause huge damage, as they emit carbon dioxide into the atmosphere. Behind this is the green ideology, the European Union’s Green Deal, which is based on the idea that global warming is caused by human carbon dioxide emissions, and agriculture is linked to this, since cows, for example, emit a lot of methane into the atmosphere.

The measures that the EU and individual Western countries are putting in place are diverse, but they all point in the same direction. First, forcing farmers not to cultivate certain areas, to clear land, and to stop their activities in order to protect the climate. This is what farmers in the Netherlands were forced to do a few months ago, and the measures put some 3,000 farmers in an impossible situation.

The release of Ukrainian agricultural products onto the European market is a concrete, tangible crime by Brussels, which poses a direct, clear, and present danger to European farmers, especially those in Eastern and Central Europe. It is well known that the standards for Ukrainian agricultural products are far more lax and permissive than those within the EU, and the quality of Ukrainian products (from cereals to foodstuffs) is far inferior to that of European products — but that is why EU farmers simply cannot compete with the prices of Ukrainian products.

It is clear, therefore, that every move by Brussels and the European leaders who serve the globalist elite in Brussels is deliberately destroying European agriculture. Normal leaders would not do this.

Behind it are the left-liberal and globalist aspirations. This is what they believe, and it is now manifested in the fact that global warming is increasing in a devastating way, that the earth’s climate is becoming unbearable, but they believe that this is due to one single cause: human activity, mainly and decisively anthropogenic carbon dioxide emissions.

Read more here…

Tyler Durden
Thu, 08/08/2024 – 06:30

Morgan Stanley Starts Pitching Bitcoin ETFs To Clients Today

Morgan Stanley Starts Pitching Bitcoin ETFs To Clients Today

Morgan Stanley has officially begun pitching shares of two exchange-traded bitcoin funds – with some 15,000 financial advisors given the green light to recommend BlackRock’s IShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients.

That said, the firm will only allow clients with a net worth of at least $1.5 million, a high risk profile, and an interest in speculative investments to take part in the ETFs, and will only be allowed in taxable brokerage accounts vs. retirement accounts, according to CNBC.

Morgan Stanley made the move in response to demand from clients and in an attempt to follow an evolving marketplace for digital assets, said the people, who declined to be identified speaking about the bank’s internal policies.

The bank will monitor clients’ bitcoin holdings to prevent ‘excessive exposure’ to the asset class.

In January, the SEC approved applications for 11 spot bitcoin ETFs, marking the arrival of an investment vehicle for bitcoin that’s far easier for normie boomers to access than figuring out how to directly own the digital asset.

Meanwhile, other major banks such as Goldman, JPMorgan, Bank of America, and Wells Fargo continue to restrict their advisers from pitching bitcoin ETFs – only allowing clients access if explicitly requested.

Morgan is also observing a slew of newly approved ETFs – which means the bank may also consider adding some of the new Ethereum offerings for clients if the BTC ETFs do well.

As Bitcoin Magazine notes, the bank’s decision marks a ‘significant step’ towards institutional adoption of bitcoin in traditional finance, and “Morgan Stanley made the move in response to demand from clients and in an attempt to follow an evolving marketplace for digital assets, said the people, who declined to be identified speaking about the bank’s internal policies.”

Tyler Durden
Thu, 08/08/2024 – 05:45

Brits Warned Merely ‘Retweeting’ Information About Riots Could Be A Criminal Offense

Brits Warned Merely ‘Retweeting’ Information About Riots Could Be A Criminal Offense

Authored by Paul Joseph Watson via Modernity.news,

UK authorities have warned people that merely retweeting information about the riots could lead to criminal charges.

Yes, really.

Stephen Parkinson, the Director of Public Prosecutions, told Sky News that people do not even need to personally post the content themselves to be deemed to be committing an offence.

Parkinson said social media users could be guilty of “incitement to racial hatred” if they post “insulting or abusive” content that is “likely to stir up racial hatred.”

“So if you retweet that, then you’re republishing that and then potentially you’re committing that offence,” he added, noting that dedicated police officers are “scouring social media” looking for such material.

“People might think they’re not doing anything harmful, they are, and the consequences will be visited upon them,” Parkinson warned.

Sky News clarified that “sharing online material of riots could be an offence.”

The public official also asserted separately that individuals who publish protest/riot locations, such as those outside immigration law firms, could be hit with terrorism charges.

“The fact that it’s organised groups that might be motivated by ideological reasons, the fact that they’re promoting potentially very serious offences – that’s the sort of instance where we might want to consider terrorism charges,” said Parkinson.

He even previously suggested that social media influencers who are currently located abroad like Tommy Robinson could be extradited and hit with terrorism charges in the UK on nebulous charges of inciting the riots.

As we highlighted earlier, numerous prominent people in the UK are now calling on the government to mimic Communist China by banning Twitter (X) altogether in the country to stop civil unrest.

Cambridge professor Sander van der Linden said the government could “geo-restrict access to a platform if the situation got so bad” and Twitter could also be “banned from the app store for violating policies.”

Keir Starmer proudly proclaimed the implementation of a “standing army” of riot police to deal with what he has called right-wing thugs, although the Prime Minister has failed to condemn similar violent attacks and riots by Muslim mobs.

*  *  *

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Thu, 08/08/2024 – 03:30

Cocoa Prices Rise As US Stockpiles In Exchange-Monitored Warehouses Hit Four-Year Low

Cocoa Prices Rise As US Stockpiles In Exchange-Monitored Warehouses Hit Four-Year Low

Cocoa futures in New York remain range-bound within a symmetrical triangle pattern after peaking near $12,000 a ton in mid-April, finding support around $7,000. Futures are rising this morning as traders are concerned about dwindling stockpiles in US warehouses.

New data from ICE exchange-monitored warehouses shows US cocoa stockpiles have slumped to the lowest levels since December 2019. Given the global tightening of cocoa supplies theme, the bags held in US warehouse could extend declines in the coming weeks and or months.

The most-active contract rose as much as 5.6% in New York. Inventories of cocoa beans held in the US have fallen to the lowest in more than four years as tightness in the market force grinders to draw down inventories in exchange-monitored warehouses. -Bloomberg

Bloomberg noted that even though the “cocoa market is expected to flip to a surplus in the 2024-25 season,” there is still increasing concern among commercial users that shortages will persist due to West Africa’s previous poor harvests, adding, “Cocoa arrivals at ports in top grower Ivory Coast are still lagging behind the prior season by more than a quarter, the latest data shows.” 

Higher cocoa costs are continuing to be passed along to cash-strapped consumers.

The iconic US chocolate maker Hershey reported last week that it slashed its sales and earnings outlook for the year as shoppers reduced purchases of higher-priced chocolates and candies. In other words, demand destruction is emerging. 

Nothing to see here. 

Besides consumer demand destruction fears, cocoa prices have been weighed down by expectations of better harvests in West Africa. Prices are still 116% higher than at the start of the year. 

Despite these price swings, oil trader Pierre Andurand remains bullish on the view that the stocks-to-grinding ratio for the world at the end of the year will be at its lowest ever “and potentially run out of inventories late in the year.” 

Tyler Durden
Thu, 08/08/2024 – 02:45

Ukraine’s Sneak Attack Against Russia’s Kursk Region Might Be Its Last Hurrah

Ukraine’s Sneak Attack Against Russia’s Kursk Region Might Be Its Last Hurrah

Authored by Andrew Korybko via substack,

Russia is fighting to fend off Ukraine’s sneak attack its Kursk Region, though conflicting reports have emerged about the location of these clashes. The Russian Defense Ministry claimed that all the fighting has taken place on the Ukrainian side of the border, while Rybar – which boasts nearly 1.2 million subscribers and functions as a think tank of sorts – said that it’s taking place inside of Russia’s borders.

Whatever the truth may be, this latest development is still immensely important.

Simply put, it might be Ukraine’s last hurrah since it represents a massive gamble to open up a new front inside of Russia’s pre-2014 borders with the intent of having its foes redeploy some of their troops to Kursk from Donbass, where they’ve continued gradually gaining ground this year. Russia had hitherto braced for yet another attack against neighboring Belgorod Region, ergo the difficult but necessary decision to impose a strict security regime there late last month, so it was taken by surprise.  

Prior to that, there was serious concern that Ukraine might be preparing to launch an offensive into Belarus, which could have expanded the conflict and possibly served as a pretext for Polish involvement. Taken together in light of what just happened in Kursk Region, Ukraine’s moves in those two directions might have been meant in hindsight to “psyche-out” Russia, thus facilitating its latest attack. Unlike prior cross–border raids, this one also involves uniformed Ukrainian troops, not terrorist proxies.

Nobody took Ukraine seriously when it announced that it plans to launch another counteroffensive by sometime later this year, though what’s presently unfolding might be what its policymakers had in mind. That said, the scale isn’t anywhere near what last year’s failed counteroffensive was, and it’s not truly a counteroffensive since Russia wasn’t attacking Ukraine from Kursk. Nevertheless, it’s still the largest cross-border attack so far, and it was clearly planned for some time instead of being an impromptu raid.

These observations don’t imply that it’ll succeed, however, since the military-strategic dynamics have been trending in Russia’s favor for the entire year. After all, Ukraine is diverting limited troops and equipment from the Donbass front to the Kursk one, and this could easily backfire by creating an opening that Russia could exploit. Furthermore, they’re unlikely to hold whatever they might have captured in Kursk, thus precluding the possibility that they can “trade it back” during peace talks.

Even so, the very fact that what’s turned into a two-day-long battle at the time of this analysis’ publication could even happened in the first place shows that Ukraine still has some tricks up its sleeve, namely its continued ability to evade Russia’s surveillance, intelligence, and reconnaissance. Russia didn’t detect any notable buildup near Kursk’s border ahead of time, only Belarus’ and Belgorod’s, otherwise it would have launched preemptive strikes and imposed a security regime along the border.

That’s not to knock Russia but to draw attention to NATO’s impressive tactical capabilities in being able to successfully disguise its proxy’s sneak attack. This contributed to the growing number of civilian casualties that Russian Foreign Ministry spokeswoman Zakharova condemned as proof of Kiev’s terrorism. It might get a lot worse than even that before it gets better too if Ukraine is able to achieve a breakthrough in Kursk Region that leads to it threatening the eponymous nearby nuclear power plant.

The odds of that happening are low though according to Major General Apty Alaudinov, who’s the deputy chief of the Russian Armed Forces’ military and political department and commander of the Akhmat special forces unit according to TASS. Another point to make though is that Rybar’s earlier hyperlinked report claimed that Ukraine seized control of a gas pipeline transit station, which if true, could end up seeing that facility destroyed and thus cut off Russian gas to its Central European clients.

Kiev has an interest in punishing Hungary and Slovakia for their anti-war positions, hence why it recently sanctioned a Russian oil company that had an EU waiver to continue supplying those two, so it might accordingly want to inflict maximum damage against them by destroying the aforesaid gas facility. To be clear, Rybar’s report hasn’t been confirmed and might be untrue, but its importance and Alaudinov’s remarks about the nearby nuclear power plant rest in highlighting the huge stakes involved in Kursk.

For these reasons, it can be concluded that this was in the works for a while and is therefore likely to be Ukraine’s last hurrah, which it’s only attempting now out of desperation to receive some relief along the Donbass front where Russia continues to gain ground and might be on the brink of a breakthrough. Russia will likely soon regain its lost territory, if any has really been captured by Ukraine that is, and then make Kiev pay for this dastardly sneak attack.

Tyler Durden
Thu, 08/08/2024 – 02:00

American Theocracy: Politics Has Become Our National Religion

American Theocracy: Politics Has Become Our National Religion

Authored by John & Nisha Whitehead via The Rutherford Institute,

“You shall have no other gods before me.”

– The Ten Commandments

“Christians, get out and vote, just this time. You won’t have to do it anymore. Four more years, you know what, it will be fixed, it will be fine, you won’t have to vote anymore.”

– Donald Trump

Politics has become our national religion.

While those on the Left have feared a religious coup by evangelical Christians on the Right, the danger has come from an altogether different direction: our constitutional republic has given way to a theocracy structured around the worship of a political savior.

For all intents and purposes, politics has become America’s God.

Pay close attention to the political conventions for presidential candidates, and it becomes immediately evident that Americans have allowed themselves to be brainwashed into worshipping a political idol manufactured by the Deep State.

In a carefully choreographed scheme to strip the American citizenry of our power and our rights, “we the people” have become victims of the Deep State’s confidence game.

Every confidence game has six essential stages: 1) the foundation to lay the groundwork for the illusion; 2) the approach whereby the victim is contacted; 3) the build-up to make the victim feel like they’ve got a vested interest in the outcome; 4) the corroboration (aided by third-party conspirators) to legitimize that the scammers are, in fact, on the up-and-up; 5) the pay-off, in which the victim gets to experience some small early “wins”; and 6) the “hurrah”— a sudden manufactured crisis or change of events that creates a sense of urgency. 

In this particular con game, every candidate dangled before us as some form of political savior—including Donald Trump and Kamala Harris—is part of a long-running, elaborate scam intended to persuade us that, despite all appearances to the contrary, we live in a constitutional republic.

In this way, the voters are the dupes, the candidates are the shills, and as usual, it’s the Deep State rigging the outcome.

Terrorist attacks, pandemics, economic uncertainty, national security threats, civil unrest: these are all manipulated crises that add to the sense of urgency and help us feel invested in the outcome of the various elections, but it doesn’t change much in the long term.

No matter who wins this election, we’ll all still be prisoners of the Deep State.

Indeed, the history of the United States is a testament to the old adage that liberty decreases as government (and government bureaucracy) grows. To put it another way, as government expands, liberty contracts.

When it comes to the power players that call the shots, there is no end to their voracious appetite for more: more money, more power, more control. Thus, since 9/11, the government’s answer to every problem has been more government and less freedom.

Yet despite what some may think, the Constitution is no magical incantation against government wrongdoing. Indeed, it’s only as effective as those who abide by it.

However, without courts willing to uphold the Constitution’s provisions when government officials disregard it and a citizenry knowledgeable enough to be outraged when those provisions are undermined, the Constitution provides little to no protection against SWAT team raids, domestic surveillance, police shootings of unarmed citizens, indefinite detentions, and the like.

Unfortunately, the courts and the police have meshed in their thinking to such an extent that anything goes when it’s done in the name of national security, crime fighting and terrorism.

Consequently, America no longer operates under a system of justice characterized by due process, an assumption of innocence, probable cause and clear prohibitions on government overreach and police abuse. Instead, our courts of justice have been transformed into courts of order, advocating for the government’s interests, rather than championing the rights of the citizenry, as enshrined in the Constitution.

The rule of law, the U.S. Constitution, once the map by which we navigated sometimes hostile government terrain, has been unceremoniously booted out of the runaway car that is the U.S. government by the Deep State.

What we are dealing with is a rogue government whose policies are dictated more by greed than need. Making matters worse, “we the people” have become so gullible, so easily distracted, and so out-of-touch that we have ignored the warning signs all around us in favor of political expediency in the form of electoral saviors.

Yet it’s not just Americans who have given themselves over to political gods, however.

Evangelical Christians, seduced by electoral promises of power and religious domination, have become yet another tool in the politician’s toolbox.

For instance, repeatedly conned into believing that Republican candidates from George W. Bush to Donald Trump will save the church, evangelical Christians have turned the ballot box into a referendum on morality. Yet in doing so, they have shown themselves to be as willing to support totalitarian tactics as those on the Left.

This was exactly what theologian Francis Schaeffer warned against: “We must not confuse the Kingdom of God with our country. To say it another way, ‘We should not wrap Christianity in our national flag.’”

Equating religion and politics, and allowing the ends to justify the means, only empowers tyrants and lays the groundwork for totalitarianism.

This way lies madness and the certain loss of our freedoms.

If you must vote, vote, but don’t make the mistake of consecrating the ballot box.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, it doesn’t matter what religion a particular candidate claims to subscribe to: all politicians answer to their own higher power, which is the Deep State.

Tyler Durden
Wed, 08/07/2024 – 23:25