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Of Marxists And Morons

Of Marxists And Morons

Authored by Eric Utter via American Thinker,

Most of us have heard the horrific figures: Communism/Marxism was responsible for more than 100 million deaths in the 20th century alone.

There are two preconditions necessary for people to accept or even welcome Communism: one, frustration with current economic and/or political conditions, and two, a moral decay that generates a disdain for work and an excessive entitlement mentality that demonizes others’ success, accomplishments, and wealth. For far too many, this demonization of what others have leads not unto desire to make the right decisions and work hard enough to earn it yourself, but unto envy, greed, wrath and sloth, four of the Seven Deadly Sins. And a demand that much of what others’ have be confiscated and handed over to one’s self and one’s demographic group…without one having to work for it. This, as history clearly shows, is an automatic death sentence for a society. Every time. In every case. Whether it be the erstwhile Soviet Union, its satellite in Cuba, Pol Pot’s Cambodia, or, more recently, previously wealthy Venezuela.

It could not possibly be otherwise. If I work hard, say, for 60-hour weeks, and I and my family are not going to be very appreciably better off than someone who is unemployed and able to sit on his couch all day because of my tax money, it would literally be immoral, as well as against human nature, for me to continue to do so. Why? Because I would not only be allowing the excessive and arbitrary taxation of my earned labor, while robbing myself of precious time with my family, but quite possibly, in the long term, degrading my health. And subjecting myself to various opportunity costs/losses.

Margaret Thatcher famously said, “The problem with Socialism is that you eventually run out of other people’s money.” That in itself is spot-on, but there is far more to it than that.

Ayn Rand: “There is no difference between Communism and Socialism, except in the same ultimate end: Communism proposes to enslave men by force, Socialism by the vote. It is merely the difference between murder and suicide.”

When people address this issue, they almost always start by saying, “Capitalism with all its faults…” I am not willing to do that. This is life. This is Earth, not heaven. In this sense, Capitalism doesn’t have any faults. True Capitalism does not discriminate on the basis of race, religion, color, sex…or anything else. The supply and demand curve determines what price any given product can bear. Charging less than that is not altruistic, but stupid and fraught with possible bias. Nothing can be truly worth other than what people will pay for it. That is why art is so subjective. One person looks at a painting and thinks, “I’d pay anything for that masterpiece,” another says to herself, “You couldn’t pay me to take this ridiculous piece of crap home.”

In command (Communist/Marxist/Socialist) economies, one or a very few people determine what the cost of any given item “should be.” Since there is no market feedback, their biases come into play. Lots of them. Shockingly, these biases always lead to a handful of leaders living well, and everyone else being paupers and puppets.

It is anything but a coincidence, a fluke, that the United States quickly became the largest and most innovative economy on planet Earth. Entrepreneurship explodes when people are potentially rewarded for their effort, creativity, and dogged determination. All ships do rise with the tide. The “poor” in America are still better off than all but the rich of many nations today. But supporters of Communism would rather everyone be less well off but closer in income than everyone being far better off with a greater income disparity. There is a word for that. It’s called evil.

Capitalism pulled countless millions – perhaps even billions – out of poverty in recent decades. Even China, Laos, and Vietnam were forced to go to market economies, despite their Communistic social policies.

Younger members of today’s Democrat Party – or should I say, the Democrat-Socialist Party – have recently and rather suddenly embraced the “teachings” of Karl Marx’s The Communist Manifesto and Das Kapital.

That kind of ignorance and immorality does not just show up organically. It has to be very carefully inculcated. And that is what our colleges and universities are for.

The U.S., under JFK and Ronald Reagan, ultimately won the Cold War, essentially without firing a shot. Now it appears a Cold Civil War may be looming at some point in the future. One that, sadly, would have to be fought and won if this nation were to survive. Because, as Churchill said, “It is better to perish than live as slaves.” And make no mistake, if you are living under Communism, you are a slave…to the state.

(Highly recommended reading: The 5000 Year Leap – The 28 Great Ideas That Changed the World, by W. Cleon Skousen and the National Center for Constitutional Studies)

Tyler Durden
Wed, 07/15/2026 – 16:20

Obama-Appointed Judge Halts US Visa Restrictions On Disinformation Gurus Accused Of Censorship

Obama-Appointed Judge Halts US Visa Restrictions On Disinformation Gurus Accused Of Censorship

Authored by Owen Evans via The Epoch Times,

A federal judge on Tuesday blocked the Trump administration from enforcing a policy that denied visas and ordered deportations of “disinformation” expert foreign nationals whom it accused of being leading figures in the global “censorship-industrial complex.”

Last year, the United States issued a visa policy targeting foreign nationals whom it claimed censor Americans’ free speech abroad.

“For too long, Americans have been fined, harassed, and even charged by foreign authorities for exercising their free speech rights,” Secretary of State Marco Rubio said on X at the time.

In Washington on July 14, Chief U.S. District ‌Judge James Boasberg sided with the Coalition for ⁠Independent Technology Research (CITR) in finding that the administration’s policy likely “burdens” the speech of noncitizen researchers in the United States in violation of the U.S. Constitution’s First Amendment.

The group’s lawsuit alleged that ​the U.S. State Department had been engaged in a campaign of censorship against anti-disinformation advocates.

“What began as a visa-restriction policy later expanded, according to plaintiff Coalition for Independent Technology Research, into a broader campaign against noncitizens who work on misinformation, disinformation, fact checking, content moderation, compliance and trust and safety,” the judge wrote.

“The Department has since invoked that policy to bar individuals from the country or seek their removal, including leaders of CITR member organizations.”

In December 2025, ​the State Department imposed visa bans on five Europeans, including a former European Union commissioner, and ​anti-disinformation activists whom ⁠Rubio called “leading figures of the global censorship-industrial complex.”

“But when you turn disinformation into a weapon, a political weapon, a label that you can use to go after people you don’t like, and say, oh, anything that person’s saying is disinformation—well, listen, I read mainstream newspapers every day, or I watch mainstream broadcasts—mainstream broadcasts every day that I know are disinformation, okay?” Rubio said in a May 2025 conversation with free speech activist Mike Bentz.

Among those hit by the visa ban were Imran Ahmed, the British CEO of U.S.-based Center for Countering Digital Hate (CCDH), and Clare Melford, co-founder of Global Disinformation Index.

Their groups are members of the Coalition for Independent Technology Research, according to the lawsuit.

Rubio accused them of having “led organized efforts to coerce American platforms to censor, demonetize, and suppress American viewpoints they oppose.”

CCDH, a British nonprofit, researches what it calls “online hate and disinformation,” which it defines as online lies “weaponized by movements and individuals for their own political, social and economic ends.”

For example, in one report, it partnered with a major abortion provider, MSI Reproductive Choices, and highlighted what it described as “false claims” online that abortion drugs pose high risks to women.

CCDH also produced its 2021 “Disinformation Dozen” report targeting 12 individuals, including Robert F. Kennedy Jr., Joseph Mercola, and Sherri Tenpenny, as “top spreaders“ of COVID vaccine ”misinformation.”

It urged social media platforms and governments to ban private groups that traffic primarily in “vaccine disinformation” and to prevent groups requiring a Facebook disclaimer from existing as private or secret groups.

A 2023 Republican-led congressional investigation by the House Judiciary Committee and the Select Subcommittee on the Weaponization of the Federal Government into the Election Integrity Partnership detailed how “disinformation” efforts disproportionately flagged conservative content.

This included posts from President Donald Trump, Speaker Newt Gingrich, and other Republicans, often to justify censorship.

Carrie DeCell, a lawyer for the coalition at the Knight ​First Amendment Institute at Columbia University, welcomed the judge’s ruling, which she said “recognized the serious constitutional harms this policy ‌is already ⁠causing.”

“This policy punishes researchers for work the public needs, and the First Amendment protects,” DeCell said.

In a May 26 statement, CITR said that the policy “has created a chilling effect” across disinformation researchers.

“Researchers have dropped out of conferences and opted out of travel to meet with colleagues, shifted research topics entirely to avoid negative attention, and in some cases, even stepped back from affiliating with the coalition out of fear for their safety,” it said.

“The policy is affecting researchers in how they live and labor, with the fear of being detained or deported from the United States because of their work helping people navigate social media and AI safely.”

A State Department spokesperson told The Epoch Times by email:

“The Trump administration believes that aliens who are or were involved or complicit in censoring American citizens must face appropriate consequences.

“An American visa is a privilege, not a right. Specific questions about this lawsuit should be referred to the Department of Justice.”

Tyler Durden
Wed, 07/15/2026 – 15:45

Permanent Switch To Daylight Saving Time Easily Passes US House

Permanent Switch To Daylight Saving Time Easily Passes US House

The movement to liberate Americans from changing their clocks twice a year cleared a key hurdle on Tuesday, as the US House of Representatives advanced the Sunshine Protection Act by a lopsided 318-117 margin. While many Americans would like to stop the spring and fall time changes, not all of them are on board with the Sunshine Protection Act’s specific approach, would would make daylight saving time permanent. 

President Trump has backed the proposal, and the White House issued a statement as the House vote was looming: “This bipartisan legislation represents a popular, common-sense reform and would benefit Americans by protecting precious daylight during the evening, when people are most likely to be awake and active.” Party affiliation didn’t play much of a part in Tuesday’s House voting: The aye votes included 193 Republicans, 114 Democrats and one independent. An AP-NORC poll conducted last year found 47% of Americans oppose the current clock-switching, compared to only 12% who like it.  

Proponents tout the ability to enjoy more sunlight in the later part of winter days. The bill is popular among operators of golf courses, restaurants, retail shops, professional sports teams and theme parks.but that comes at the cost of later sunrises on those days:

Opponents of permanent DST include the American Academy of Sleep Medicine, which says permanent standard time better matches natural circadian rhythms, which affects immune system function and other aspects of personal health. The group, along with some concerned educators and parents, say permanent DST would have particularly harmful effects on children.  “Permanent daylight saving time would delay morning light exposure, making it harder for children and adolescents to wake, learn, and travel safely to school during dark winter mornings,” the group said in a statement.  

The legislation allows states to exempt themselves or an area of their state from the permanent switch, provided they do so before it is enacted. Hawaii and Arizona (other than the Navajo Nation in the northeast part of the state) opted out of daylight saving time in the late 1960s. Federal legislation currently allows states to opt out of DST, but they don’t have the authority to choose permanent DST. Eager to get a jump on things, 19 states have passed laws that would switch their citizens to permanent DST if the federal government gives states a choice. However, the Sunshine Protection Act would make it the default.  

The drive to end clock-switching has a long history of sputtering out. Last time around — in 2022 — it was the Senate that approved the Sunshine Protection Act, not even using a recorded vote but passing it by unanimous consent. Then it died in the House as legislators grappled with constituents who were wary of ill effects on health. It won’t pass the Senate by unanimous consent this time: Oklahoma Sen. Tom Cotton blocked such passage last fall and remains an ardent opponent. A Senate staffer told NBC News that Cotton will urge Senate Majority Leader John Thune to let the bill gather dust on his desk.  

Some Capitol Hill proponents aren’t enthusiastic about its prospects. “I’m kind of digging the fact that we’re going to fix it, I hope,” Tennessee Rep. Tim Burchett told NBC. “See if the Senate takes it up. They probably won’t, but we’ll see.”

Tyler Durden
Wed, 07/15/2026 – 15:25

Pentagon Initiates Second Strike Wave Of Day After Iran Again Snubbed New Talks

Pentagon Initiates Second Strike Wave Of Day After Iran Again Snubbed New Talks

Summary

  • Pentagon announces second wave of strikes later Wednesday, the after initial 90-minute attack to start the day.
  • Trump threatens wider strikes unless Iran returns to talks – says attacks to ‘expand’ next week.
  • Wednesday saw 5th strait day of US bombardment on chiefly Iranian coastal sites.
  • Iran hits US-Gulf bases and warns on regional oil exports, says it is in ‘control’ of Hormuz Strait.
  • No evidence de-escalation: Tehran rejects talks and vows more retaliation.

Will the U.S. invade Iran before 2027?
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Pentagon Announces Another Wave of Strikes Later Wednesday

It is night time in Iran, and apparently the US ‘break’ is over, and bombing resumes: (CENTCOM) “At 3 p.m. ET, U.S. forces launched operations for a second wave of strikes today against Iran. The strikes are targeting Iranian military capabilities used to threaten vessels freely transiting through the Strait of Hormuz, an international waterway vital to global commerce. The U.S. military is holding Iran accountable at the Commander in Chief’s direction.”

Without doubt these attack waves are getting heavier, but so is Iran’s ‘retaliation’… from earlier: Kuwait Hit By Worst Iran Attacks in Weeks As War Escalates (Bloomberg).

Meanwhile an interestingly ambiguous admission from President Trump Wednesday afternoon:

US President Trump says oil price will yo-yo for a while; thinks inflation at year-end will be lower than now. Would like to see rates go down but better to pause than hike

Trump: Strikes Will ‘Expand’

Earlier in the day, within hours after the morning’s 90-minutes salvo of latest US strikes on Iran was completed, President Trump once again claimed that Iran is desperately seeking diplomatic talks. However Iran was quick to respond that it has “no plans” for returning to the negotiating table.

With this, President Trump is ready to escalate militarily, telling FOX that strikes on the Islamic Republic will “expand” next week – though some are wondering why he is signaling the delay.

De-escalation seems nowhere on the horizon, also as the more ‘hardline’ influence within Iran seems ascendant, per Al Jazeera:

The Iranian government is releasing the statistic of the seven soldiers killed in US attacks “very deliberately” to solidify its popular support through the war, says Mehran Kamrava, professor of government at Georgetown University Qatar.

“What we have seen in Iran … is a resurgence of Iranian nationalism, and by highlighting the fact that Iranian soldiers are dying and giving their lives for defending the country, what the government is trying to do is to ensure that that popular support remains intact,” Kamrava told Al Jazeera.

That support is important as there is little doubt the country is struggling with high inflation, unemployment, and $270bn in damages to the economy, he said. Meanwhile, the Iranians are aware that they cannot go “toe-to-toe militarily with the Americans, so they are turning the conflict from a military one into an economic one, hence the attacks on shipping,” Kamrava said.

Attack Waves Halted, For Now…

The Pentagon opened Wednesday morning (US time) by announcing yet another round of strikes on Iran, in what looks like sustained action – also increasingly expanding to include civil and energy infrastructure of the Islamic Republic.

“At 6 a.m. ET today, U.S. Central Command forces began launching a wave of strikes against Iran,” Centcom announced. “The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz.”

The US military further indicated it launched a “seven-hour wave” of strikes overnight – and followed during the next day (Wednesday) by a 90-minute wave. Also the evening prior, the US reimposed a naval blockade on Iranian ports and alongside launching its fourth consecutive night of strikes on the country, also as President Trump freshly warned that if Iran does not return to the negotiating table, “next week it gets really bad for them, because next week comes the power plants.

“You better make a deal, or you’re not going to have anything left,” Trump has warned. “Ultimately, we’ll hit energy targets in Iran. Next week comes the bridges. We’re going to knock out all of their power plants. We’ll knock out all of their bridges unless they get to the table and negotiate.”

US Strike Hits Iranian Military Barracks 

Iranian government spokesperson Fatemeh Mohajerani announced that at least 30 civilians have been killed across the country over 260 people wounded by American strikes of the last few days.

Airstrikes also reportedly took out an Iranian military barracks in southeastern Iran, leaving seven dead. The Associated Press details that “One strike targeted a barracks for Iran’s 388th Mechanized Infantry Brigade, which operates tanks and armored vehicles, in Sistan and Baluchestan province, Iranian state television reported.”

“The report said the Americans fired at least 13 missiles in the attack and that the seven dead included conscripts and career soldiers,” AP continues. “A number of troops were wounded.”

Heavy bombardments have focused on the coastal areas, with US strikes reportedly having hit a civilian maritime control tower in Chabahar, southern Iran – location of country’s only deep-water port outside the Strait of Hormuz, which allows Iran direct access to the Indian Ocean without passing through the Gulf.

IRGC Strikes Several US-Gulf Facilities

As expected, Iran’s IRGC has continued launching a wave of retaliatory strikes targeting critical US military infrastructure across the Gulf and even reaching into Jordan.

The list of targets hit, according to an array of regional sources, include – Bahrain’s Sheikh Isa Air Base, the US Navy’s 5th Fleet support facility, Kuwait’s Ali Al-Salem and Camp Buehring, and Jordan’s Muwaffaq Salti Air Base.

Also, Emirati sources have reported strikes on the critical Fujairah Port, while Kuwait confirms one of its navy vessels was struck, leaving four crew members injured. Additionally, social media is awash with unverified footage showing Shahed kamikaze drones striking Kuwait, as well as massive plumes of black smoke rising from burning facilities in Kuwait. US 5th Fleet HQ locations in Bahrain also show signs of damage from inbound projectiles.

The IRGC has insisted that the “export of oil and gas from the region will be either for everyone or for no one.”

The Iranians have continued to tout their nationalist defiance and have at no point shown signs of backing down as is hoped by Trump:

New Warning of Kharg Island Operation

President Trump continues facing pressure over what’s next or what the ultimate objectives are. Related to this, he was pressed by Fox News Wednesday night about taking Kharg Island. Trump responded:

“We already hit Kharg Island, as you know, twice. Even three times. I said hit everything but just leave that little area from 25 yards out because I don’t want that in terms of the world economy. As far as taking it is concerned, if we degrade them far enough and deep enough back, I would do that.”

But Iranian forces show no signs of backing down. Instead a message from its army command via state TV says that “a decisive response to this aggressive action by the American enemy” will keep coming.

Missile alert warnings have continued to sound in Bahrain and Kuwait early Wednesday amid the Iranian fire, which has at this point grown to a daily occurrence.

Meanwhile, strikes on nuclear plans return?

Overnight Developments

via Newsquawk…

  • US President Trump said in a pre-recorded Fox News interview that they are beating up Iran badly and Hormuz has to stay open, while he added that strikes will continue until he says it is enough, as well as stated they will save energy targets for last and will ultimately hit energy targets. Trump also said they will hit Iran hard on Wednesday night, and that next week will get really bad for Iran, in which they will hit Iran’s power plants and bridges next week unless Iran comes to the negotiating table. Furthermore, he said US officials spoke to Iran on Tuesday and told Iran that it better make a deal.
  • US Central Command forces began launching an additional round of strikes against Iran at 15:00EDT/20:00BST on Tuesday, to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz, while CENTCOM later announced the completion of strikes against Iran.
  • US struck Qeshm Island in southern Iran, and explosions were heard in the maritime area of eastern Hormozgan and Sirik, while explosions were heard in Bandar Abbas and Hengam Island. Explosions were also heard in Bampur and Chabahar in Iran, although Iran’s semi-official news agency Tasnim noted officials denied reports of explosions in Chabahar, while explosions were reported in Iran’s port city of Bandar Imam Khomeini, and a mineral water plant in Deloran was hit by three projectiles. Furthermore, reports noted that air defences around the Bushehr Nuclear Power Plant in Iran became active.
  • IRGC said it targeted enemy weapons and parts storage in Bahrain and Kuwait, while it targeted a drone ramp in Kuwait’s Ali Al Salem air base and targeted US positions at Jordan’s Azraq base, as well as the US Fifth Fleet Command HQ, fuel facilities and equipment in Bahrain. IRGC said as long as the US evil stays in the region, not a drop of oil and gas will be exported from the region, and that US aggression will have no result other than delaying the opening of the Strait of Hormuz.
  • Iran will respond to the US attacks, Tasnim reported.
  • Iran’s Deputy Foreign Minister Gharibabadi said the US is making a mistake if it thinks its military attacks and blockade will force them to request negotiations, but also commented that Iran’s return to negotiations and tolerance regarding the Strait of Hormuz is possible. Furthermore, he said the MoU effectively no longer exists and that no country should expect Iran to continue implementing the terms of the memorandum.
  • Israeli PM Netanyahu is reportedly to travel to Washington on Saturday evening, aiming to meet with US President Trump, Yedioth reported.

Tyler Durden
Wed, 07/15/2026 – 15:20

US Utilities Requested $9.2BN In Rate Hikes In Q2, Up 26% From Previous Year

US Utilities Requested $9.2BN In Rate Hikes In Q2, Up 26% From Previous Year

By Ethan Howland of UtilityDive

Electric and gas utilities in the second quarter asked state regulators to approve $9.2 billion in rate hikes, up 26% from the $7.3 billion in rate increase proposals filed in the same period last year, according to an updated report released Tuesday by the advocacy group PowerLines.

In the first half this year, utilities asked for $18.6 billion in rate hikes, down from about $25 billion in the same period last year, according to data collected by the nonprofit.

The report comes as average U.S. residential electric rates increased 7.3% from the year before to 18.8 cents/kWh in April, according to the U.S. Energy Information Administration. As a result, “regulators face mounting pressure to scrutinize utility spending plans while balancing the infrastructure investments that a modernizing grid genuinely requires,” PowerLines said.

The utility sector appears to be entering a capital investment “super-cycle” amid growing affordability concerns. Backlash to rising bills has prompted protests by consumers and their advocates, as well as new state laws intended to tackle the issue.

The Edison Electric Institute, a trade group for investor-owned utilities, estimates that IOUs will spend about $1.4 trillion from this year through 2030 on capital investments. EEI expects capital expenditures will jump 17% this year to nearly $239 billion, from about $204 billion in 2025.

Some utilities contend they can make the investments without significantly affecting their rates. FirstEnergy, for example, is proposing to increase its electric rates in Ohio over three years by about $392 million — partly to cover roughly $2.5 billion in planned capital expenditures. The company says this will increase average annual residential customer bills by less than 3% a year.

According to PowerLines and public filings, other rate hike proposals utilities filed in the second quarter include:

  • Dominion Energy in Virginia is seeking about $1.5 billion across three rate requests;
  • Oncor in Texas requested the largest single increase in the second quarter, at $1.2 billion, driven largely by transmission and distribution investments to meet demand from the oil and gas industry and data centers in the Permian Basin;
  • We Energies in Wisconsin is seeking about $606 million in rate increases;
  • DTE Energy in Michigan is seeking an increase of $474 million; and,
  • Consumers Energy in Michigan is asking for a rate hike of $456 million.

The proposed rate increases in the Midwest total about $193 per customer, followed by $172 per customer in the South, $135 per customer in the Northeast and $110 per customer in the West, according to the data from PowerLines.

Utility regulators will scrutinize the rate hike proposals in the coming months.

“These requests, while often approved at a lower cost than utilities propose, have a high chance of reaching consumer bills in some form,” PowerLines said.

State regulators approved 58% of the total costs utilities sought to add to their rates from 2023 through 2024, the organization said.

U.S. residential customers paid 18.8 cents/kWh on average in April, up 7.3% from the year before, according to the latest data from the Energy Information Administration.

Those costs ranged from 12.4 cents/kWh in North Dakota to 46.6 cents/kWh in Hawai’i. The other highest cost states for residential customers were California at 35.3 cents/kWk, Connecticut at 32.2 cents/kWh and Massachusetts and New York at 29.5 cents/kWh.

Eversource Energy’s Connecticut Light and Power subsidiary is preparing to seek a $503 million rate increase, according to a May 20 filing at the Connecticut Public Utilities Regulatory Authority. If approved, it would increase residential rates by about 13%, the utility estimated.

CL&P said it would show PURA it has strategies to keep customer bills as stable and affordable as possible, while keeping the distribution system reliable.

Tyler Durden
Wed, 07/15/2026 – 15:05

Trump Says FBI Wasting Time If It Probes Conspiracy Theories About Graham’s Death

Trump Says FBI Wasting Time If It Probes Conspiracy Theories About Graham’s Death

Authored by Aldgra Fredly via The Epoch Times,

President Donald Trump said on July 14 that he was aware of the conspiracy theories surrounding Sen. Lindsey Graham’s (R-S.C) sudden death but said that any FBI investigation into them would be a waste of time.

Trump was responding to a reporter’s question at the Oval Office about why FBI agents were at the senator’s residence and whether there were any updates on the possible probe into his death.

“Well, I don’t know why because I think he had a problem. His father had a very similar problem, as you know. It’s very unique,” the president said, referring to Graham’s health issues.

“I don’t see a lot of evil there. I know there’s all sorts of conspiracy theories going on and I think the FBI is wasting their time if they’re doing that.”

Graham passed away on July 11 after what his office described as a “brief and sudden illness.”

Preliminary findings by the medical examiner suggest that Graham died from an aortic dissection due to arteriosclerotic cardiovascular disease, which is considered an aorta rupture stemming from hardening of his arteries, according to his office.

Trump said that Graham’s condition was difficult to detect, although he noted that the late senator had previously complained about having a “bad back.”

“I wish he took better care of himself,” the president told reporters.

“What happened is actually something that’s very hard to detect. It was not related to any blockage. It was a totally different thing.

“I’ve watched all the medical reports. I’ve had the doctors from the White House come in and explain what happened. And this is something that is very, almost undetectable. And if it happens, there’s not much you can do about it.

The Epoch Times reached out to the FBI for comment but did not receive a response by publication time.

FBI Director Kash Patel speaks during a press conference in Washington on April 27, 2026. Madalina Kilroy/The Epoch Times

FBI Director Kash Patel said in a July 12 post on X that the FBI was “assisting local authorities and has made every necessary resource available,” but did not elaborate.

Graham had just returned from a trip to Kyiv, Ukraine, where he announced on July 10 that he and other senators had reached ​an agreement with the Trump administration to move forward with updated legislation on Russia sanctions.

The legislation, which Graham had been ​working on with fellow Republicans and Democrats for months, would impose sanctions on countries doing business with Russia, including buyers of its ‌energy exports.

Graham, who met with Ukrainian President Volodymyr Zelenskiy in Kyiv on the same day, said the ​agreement meant the legislation could move forward, giving Trump fresh tools to help end the Ukraine–Russia war, which is now in its fifth year.

“We’ve reached an agreement with the White House on a version of the Russian sanctions bill that they will support. It means it’s ​going to become law,” he told reporters, wrapping up his 10th visit to Kyiv.

Following Graham’s passing, South Carolina Gov. Henry McMaster announced on July 13 that he had appointed Graham’s sister, Darline Graham Nordone, to serve the remainder of the late senator’s term, which is set to expire in January 2027.

Tyler Durden
Wed, 07/15/2026 – 11:40

Wisconsin Panel Finds Elon Musk Likely Broke The Law With $1 Million Voter Checks

Wisconsin Panel Finds Elon Musk Likely Broke The Law With $1 Million Voter Checks

Authored by Kimberley Hayek via The Epoch Times,

A bipartisan Wisconsin elections panel has determined there is probable cause that Elon Musk broke state law by offering two $1 million checks to voters during last year’s hotly contested Supreme Court race.

The Wisconsin Elections Commission voted 5-1 last week to file two complaints against the billionaire with Brown County District Attorney David Lasee. Prosecutors have 40 days to decide whether to file criminal charges under the state’s election bribery statute. That law blocks offering anything of value to entice someone to vote.

The complaints arose from Musk’s actions in the days before the April 1, 2025, election. He posted on X promising $1 million prizes and gave out two oversized checks at a Green Bay rally to supporters who signed a petition against “activist judges.” The recipients were Nicholas Jacobs and Ekaterina Diestler.

The commission said Musk’s social media promise and the public giveaway were meant to induce individuals to vote in that Supreme Court contest. Musk donated and backed groups in the race to help conservative candidate Brad Schimel flip the court’s liberal majority.

Musk’s spokespeople did not immediately return a request for comment.

Democrat-backed Susan Crawford defeated Schimel by approximately 10 percentage points. The loss came despite Musk-connected efforts spending tens of millions. Total spending in the race broke records, surpassing $100 million and rendering it the most expensive judicial contest in American history.

On March 30, 2025, Musk hosted a town hall in Green Bay, donning a cheesehead hat, and made a show of awarding the prizes. He told the crowd the race could impact the future of the state, the House of Representatives, and even “Western civilization.”

“The Wisconsin Supreme Court is able to redraw the districts,” he said at the event.

“They will gerrymander the district and deprive Wisconsin of two seats on the Republican side.”

Wisconsin Attorney General Josh Kaul, a Democrat, tried to prevent the payouts. He filed emergency lawsuits arguing they violated laws against using money to influence votes. Lower courts turned him down. The state Supreme Court itself, with its liberal majority, refused to hear the last-minute appeal without explanation.

Kaul’s office had said it was committed to “safe, secure, free and fair” elections. But the payments were made anyway.

Crawford’s victory maintained the 4-3 liberal sway on the court. Conservatives had hoped a new majority could help redraw congressional maps and bolster Republican influence in Washington. 

Musk later signaled he’d slow down political spending, and his side framed the checks as rewards for petition signers and publicity, not direct vote-buying. Similar complaints were lodged around Musk’s $100 offers for petition signatures in other states.

Tyler Durden
Wed, 07/15/2026 – 11:05

Fort Knox Standoff: Bessent Says All The Gold Is There, Says America ‘Used To Be Backed’ By It

Fort Knox Standoff: Bessent Says All The Gold Is There, Says America ‘Used To Be Backed’ By It

U.S. Treasury Secretary Scott Bessent has once again assured the public that America’s gold reserves remain fully intact, pushing back against years of speculation surrounding the legendary vaults at Fort Knox. In a Fox News interview with Jesse Watters that aired Monday night, Bessent reiterated his standing assurance that every ounce of the nation’s bullion is “present and accounted for” – while making no plans to visit the Kentucky depository himself.

“I am happy to say all gold is present and accounted for. The U.S. has the largest pile of gold in the world, over a trillion dollars, at current market value,” Bessent told Watters. 

His comments come amid renewed calls from lawmakers and gold advocates for a comprehensive, independent audit – the first large-scale public verification since 1974.

But as ZH contributor Phoenix Capital Research notesBessent prefaced his comment with something even more interesting…

Treasury Secretary Scott Bessent appeared on Fox News business yesterday. During the conversation with Jesse Waters, he made several key statements.

One of them… “we [the $USD] used to be backed by silver, sometimes gold.

And a few moments later regarding Fort Knox…

“all gold is present and account for… the U.S. has the largest pile of gold in the world, over a $1 trillion at current market value.”

Officially, the United States holds the world’s largest gold stockpile, valued at more than $1 trillion at current market prices. According to Treasury data, the Fort Knox depository alone contains 147,341,858.382 fine troy ounces of gold – roughly 56% of the federal government’s total reserves, and about 59% of the bullion held in the Mint’s deep storage. Additional holdings are stored at West Point, Denver, and the Federal Reserve Bank of New York.

Also officially, no gold has left Fort Knox in any significant documented capacity since 1974, aside from limited testing samples. Bessent has said he has no plans to travel to Kentucky himself, pointing instead to the Treasury’s annual internal verifications and offering to arrange a visit for any senator who asks.

The U.S. shifted to a pure fiat currency system in the 1970s, ending the requirement to back paper money with gold or silver.

Book Value vs. Market Reality

A major source of public confusion lies in how the gold is valued on the government’s books. Federal law still prices gold at the statutory rate of $42.2222 per fine troy ounce, frozen since 1973. At that rate, Fort Knox’s holdings carry a book value of approximately $6.2 billion.

At spot prices that have recently traded near $4,500 per ounce, however, the same gold is worth on the order of $660 billion on the open market. This massive gap between accounting value and real-world worth continues to fuel debate over transparency and potential revaluation.

The National Gold Bullion Depository at Fort Knox

Bessent has repeatedly cited annual internal audits by the Treasury Department’s Office of the Inspector General as proof the reserves are secure. These reviews reconcile records and conduct limited sampling of vault compartments rather than physically weighing and assaying every single bar. That said, Bessent addressed the idea of revaluing the US’s gold last year while discussing sovereign wealth fund plans, stating it was “not what I had in mind.”

The last major public inspection took place in 1974, when a congressional delegation and journalists were allowed inside. A smaller visit occurred in 2017 involving then-Treasury Secretary Steven Mnuchin and Kentucky lawmakers.

That decades-long gap has prompted sharp criticism. Kentucky Republican Rep. Thomas Massie introduced the Gold Reserve Transparency Act, which would require the Government Accountability Office to conduct a full independent audit of all U.S. gold holdings and repeat the process every five years. The bill has not advanced.

President Trump has kept the question alive himself. Asked in a May interview what happened to the Fort Knox audit he and Elon Musk once championed, Trump said: “I do want to go to Fort Knox sometime. I want to see if the gold is there, which I’m sure it will be.”

Trump’s 250th Anniversary Coins Move Forward

Bessent’s remarks came in the same interview in which he showed off the Treasury’s commemorative currency plans for America’s 250th anniversary – and there are two distinct Trump coins in motion.

The first is a special 24-karat gold coin approved unanimously by the U.S. Commission of Fine Arts in March 2026, depicting Trump from the waist up with his fists on a desk. Authorized under the Treasury secretary’s statutory authority over gold coinage, it will be struck in an extremely limited run – reportedly just 47 pieces, each containing roughly $90,000 worth of gold – with no on-sale date yet set.

The second is a legal-tender $1 semiquincentennial coin bearing Trump’s likeness, intended for circulation. On July 15, Bessent posted an image of it on X and announced that minting is moving ahead:

“As America commemorates 250 years of independence, the U.S. Mint will begin striking this new $1 gold coin to honor the enduring legacy of liberty and a lasting symbol of patriotism. Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for all.”

Federal law generally bars living persons from appearing on U.S. currency, and critics note the 2020 law the Treasury cites for the $1 coin prohibits living-person portraits on a coin’s reverse. Bessent defended the plan to Watters directly: “As Treasury Secretary, I only have two mandates: The currency has to say, ‘In God We Trust,’ somewhere on it, and there cannot be an image of a living person,” he said, distinguishing paper money from coinage. “During that 150th, there was a Calvin Coolidge coin. So, we can put living people’s images on a coin.” The coins are expected in limited quantities later in 2026 or into 2027, with a court fight over the circulating design considered likely.

Massie Compares To Rome

On Tuesday, Rep. Massie drew a historical parallel on X between pending U.S. coinage reforms and the currency debasement practiced by Roman emperors. He pointed to legislation that would allow cheaper metal alloys for nickels while preserving size, weight, and vending-machine compatibility.

Gold coin image shared by U.S. Treasury Secretary Scott Bessent on Wednesday, July 15, 2026. Image source: X.

Tyler Durden
Wed, 07/15/2026 – 10:50

WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At ‘Tank Bottoms’

WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At ‘Tank Bottoms’

Oil prices are marginally higher overnight after President Trump reinstated the blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.

US Central Command said it completed a morning round of strikes on Iran that further degraded its ability to attack commercial shipping in Hormuz.

It comes a day after attacks on ships that had been participating in so-called shuttle runs that have helped get oil from inside the Persian Gulf through the strait.

Visible transit through the waterway has fallen sharply in recent days, but there remains a high level of uncertainty about what’s actually crossing because many ships have been doing so dark – without broadcasting their location.

“While crude has started to find some balance after rallying from around $70, it still takes a brave shipowner to transit the Strait of Hormuz with the threat of attacks from forces aligned with Tehran remaining very real,” said Chris Weston, head of research at Pepperstone Group Ltd.

“The broader geopolitical backdrop continues to deteriorate, providing ongoing support for crude prices and keeping buyers prepared to step back in should prices push toward the $90 area.”

Overnight saw mixed data from API on crude/product supply, all eyes now on the official data.

API

  • Crude -564k

  • Cushing +200k

  • Gasoline -1.664mm

  • Distillates +2.3mm

DOE

  • Crude -1.69mm (-900k exp)

  • Cushing +430k

  • Gasoline -1.53mm

  • Distillates +4.56mm – biggest build since Jan 2026

After a build the prior week, crude stocks resumed their series of drawdowns last week (11 of last 12 weeks) and gasoline stocks also saw another draw while distillate stocks soared (amid record 3-2-1 crack spreads)…

Crack spreads remain at record highs…

The SPR saw yet another drawdown… but the smallest since the war-driven releases began (-2.985mm)…

Cushing stocks barely moved off ‘tank bottoms’

US crude production pushed back up to record highs as the rig count trends higher…

Interestingly, after reaching record highs in the prior week, US crude product exports plunged to pre-war norms last week (but bear in mind this data series is a week lagged)…

The rebound in crude… and more notably products… has started to drag pump prices higher in the US…

Not what President trump wants to see.

But oil prices are dipping after the report…

Finally, as The FT reports, oil traders are warning that the latest flare-up of tensions in the Strait of Hormuz marks a risky new phase for the market, which is facing fresh disruption without the stockpiles that helped avert a wider economic crisis earlier in the US-Iran war.

“We’ve burned through all of the buffers we had. Everything,” said one trader.

“All of that’s now gone,” he said.

Western powers released record volumes of strategic oil reserves, China cut its oil imports in half and made its state-backed companies pull fuel from inventories, while the White House even let it be known the US could, in theory at least, intervene in futures markets if prices got out of hand.

The result was that Brent crude peaked at $126 a barrel in April, well below its all-time high, despite the IEA warning that the world was experiencing the worst supply disruption in history.

But traders said that if the renewed closure of the strait lasts for months, with some suspecting Iran wants to keep the pressure on US President Donald Trump ahead of the November midterm elections, it is not clear this time where the oil to make up the shortfall would come from.

Tyler Durden
Wed, 07/15/2026 – 10:40

“Going To Rock A Lot Of Things”: Pentair Crashes After Guidance Cut And CFO Exit As Pool Boom Fades

“Going To Rock A Lot Of Things”: Pentair Crashes After Guidance Cut And CFO Exit As Pool Boom Fades

Pentair shares crashed in early U.S. cash trading after the swimming pool equipment and water treatment systems company slashed its 2026 outlook. Preliminary second-quarter results also missed estimates, while the sudden departure of its CFO raises questions about the company’s trajectory and whether the Covid-era pool boom has finally run its course.

Pentair now expects full-year adjusted earnings of $4.60 to $4.80 per share, down from prior estimates of $5.30 to $5.40, and well below the Bloomberg consensus estimate of $5.33.

Preliminary second quarter sales were about $930 million, while adjusted earnings of roughly $1.12 per share missed the $1.47 consensus.

Goldman analysts told clients earlier:

Watching PNR down 18% pre-market – big guide down last night + CFO resigning. This is going to rock a lot of things consumer today – PNR sells equipment into the pool end market. POOL HAYW are the other names people will sell. But broad negative read.

The Covid-era pool boom boosted Pentair’s revenues beginning in the second half of 2020, and quarterly revenues have since flatlined around $1 billion.

Here’s what other Wall Street analysts are saying (courtesy of Bloomberg):

RBC Capital Markets (sector perform from outperform)

  • Analyst Deane Dray downgrades to sector perform after a “negative preannouncement, full year guidance cut, and surprise CFO departure after just four months in the role”
  • Says Pool channel destocking is “clearly proving far worse” than previously communicated by management; says lack of visibility of recovery makes it a “show-me story for now”

TD Cowen (sell)

  • Analyst Joe Giordano sees a “significant” miss and that “magnitude of the reset highlights questions around market share dynamics and underlying market health into 2027”
  • Says announcement suggests “more extreme” underperformance, “sizeable” change in market dynamics, or combination of both

Citi (buy)

  • Analyst Andrew Kaplowitz says quarterly revenue miss was “meaningful,” flagging company commentary that Pool channel inventory weighed on results
  • Say that even with leadership and business changes “we acknowledge that remaining 3Q destocking actions and investor concern around PNR’s Pool market share could keep shares pressured in the near-term”

It remains unclear how or when Pentair’s pool business will recover. Perhaps lower interest rates and another pandemic-driven home improvement boom are what it will take to revive demand.

Tyler Durden
Wed, 07/15/2026 – 10:35