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Russia Holds 3rd Phase Of Tactical Nuclear Drills Same Day Ukraine Receives First F-16s

Russia Holds 3rd Phase Of Tactical Nuclear Drills Same Day Ukraine Receives First F-16s

Russia’s Ministry of Defense on Wednesday announced it has initiated its third and ‘final’ phase of drills to practice the deployment of tactical nuclear weapons. The exercises are being done in conjunction with Belarus, which has since last year played host to Russian tactical nukes, to the alarm and dismay of NATO countries.

The first stage of nuclear drills occurred in May, and the second with ally Belarus in June, but the timing of this third iteration corresponds with Ukraine on Wednesday finally receiving its first batch of US-made F-16 fighter jets from European allies.

Bloomberg is the first outlet to report the arrival of the F-16s, though Kiev officials didn’t immediately confirm the report. The past days saw several major outlets confirm an initial round of jets were ‘weeks’ away from arriving.

“The first delivery of F-16 fighter jets from NATO allies has arrived in Ukraine, in a long-awaited move that may boost the war-torn nation’s ability to repel Russian attacks,” Bloomberg writes.

“The deadline for the transfer of the US-made warplanes was the end of this month and it has been respected, according to people familiar with the matter, who spoke under condition of anonymity.” However, officials have said only a “small” number of jets arrived in this first transfer.

In total Ukraine is expecting at least 79 F-16s to be sent after a more than year long Ukrainian pilot training program. The jets are being transferred from the Netherlands, Belgium, Denmark, and Norway. Ukraine still plans to house many of the jets at allied bases outside the war-ravaged country, to prevent them from being immediately attacked by Russian forces.

This week has seen another important development and confirmation – the US plans to provide and equip the F-16s with advanced weaponry and modern missiles.

Per reporting in the The Wall Street Journal, this will include air-to-ground AGM-88 HARM missiles, bomb sights, diameter bombs, AMRAAM advanced air-to-air missiles, and AIM-9X short-range air-to-air missiles.

Footage of Moscow’s third phase of tactical nuclear drills held on Wednesday in cooperation with Belarusian armed forces…

A US official told WSJ: “We are confident that we will be able to supply all of those, at least the critical volumes that they need.”

Russia, including President Putin himself, has long noted that NATO F-16s are capable of carry tactical nuclear weapons. Russia previously said it will have no choice but to assume each F-16 could be armed with nukes. Putin has warned of “serious consequences” after the Kremlin previously said that NATO bases from which these jets are deployed could come under attack. 

Tyler Durden
Wed, 07/31/2024 – 19:00

Project 2025: The Good, The Bad, & The Frustrating

Project 2025: The Good, The Bad, & The Frustrating

Authored by Connor O’Keefe via The Mises Institute,

Anyone following the 2024 presidential election has undoubtedly heard about the political establishment’s latest villain, Project 2025. This policy agenda — technically named the 2025 Presidential Transition Project — was produced by a group of conservative policy analysts, most of whom are associated with the Heritage Foundation.

The project centers around a 900-page book meant to provide the next Republican administration to win the White House with a plan and guide for implementing conservative policies at the helm of a federal government staffed with people who almost universally oppose those policies.

In recent months, Project 2025 has exploded to the forefront of political discourse. Democrats like Kamala Harris are presenting the agenda as an evil scheme concocted by Donald Trump and his allies that is guaranteed to come to fruition, in full, if she loses this election.

Donald Trump has disavowed Project 2025 and made a point to dismiss it as an irrelevant plan that’s unrelated to him and his campaign.

The rift even reportedly caused project head Paul Dans to resign and Trump’s team to celebrate the “demise of Project 2025.” Yet the Democrats and much of the media are still conflating the Heritage-led project with Donald Trump in an effort to terrify Americans into voting blue.

For their part, those involved in Project 2025 are leaning into the hysteria, with Heritage president Kevin Roberts, for example, implying on a podcast that the effort represents a second American revolution that “will remain bloodless if the left allows it to be.”

Despite how prevalent Project 2025 has become in our political discourse, it’s remarkably hard to get trustworthy information about it. Almost all the rhetoric surrounding it either hysterically claims it will impose some kind of fascistic, theocratic quasi-slave state on the American people for a couple years before we’re all killed by climate change, or it’s a bold, tactful playbook that will solve just about all of America’s problems if implemented.

In truth, Project 2025 does not warrant much hype or dread.

The predominant 900-page book does contain several fantastic passages and sections.

But most policy prescriptions presented in the massive volume fall far short of what’s required to address the many problems facing the American people.

By far the best sections come mainly at the beginning where the authors lay out how the federal government actually works. The numerous White House offices are broken down in great detail, with an emphasis put on explaining which roles can and cannot be appointed by the president, along with how people in the various positions could derail the sitting administration’s policy ambitions. Similar analysis can be found in the later chapters on various executive agencies.

This effort is clearly a reaction to Trump’s first term when a series of ill-advised appointments and a general lack of institutional understanding doomed most of the Trump team’s objectives from the start. The people behind this project are not only serious about avoiding the same mistakes in a second term but in actively maneuvering around and eliminating the entrenched bureaucratic resistance.

With its nonspecific language, the opening chapters of Project 2025’s book provide an excellent guide for any presidential team that voters send to the White House on a platform to which the permanent, unelected bureaucracy stands in near-total opposition. This is required knowledge for anyone who is serious about rolling back federal power, and it alone makes Project 2025 a valuable resource in the struggle against the political establishment.

That said, things start to go downhill as soon as the authors turn to the specific policies they want the next Republican administration to implement. To be clear, there are some very good policies laid out. For example, the authors call for winding down Fannie Mae and Freddie Mac, abolishing the federal sugar program, and eliminating the Department of Education. There is also a fairly decent chapter on the Federal Reserve, which Jonathan Newman reviewed last week.

But most of what the authors call for is frustratingly moderate. In almost every single case, the highly publicized plans to cut federal agencies like the Department of Homeland Security are, in fact, calls to keep everything those agencies do in place but to move the offices in question to other federal agencies. In other words, the authors of Project 2025 are mostly planning to reorganize, not cut, the federal government.

There is lip service paid to actual rollbacks of federal power. But typically, the authors quickly dismiss such ambitions as impossible and instead spend most of their time theorizing about how conservatives could steer the federal Leviathan to push their preferred social and cultural values if they took full control of the executive agencies. The authors never explain why rollbacks — which they claim to prefer — would remain impossible if their assumption of a total conservative takeover came true.

Foreign policy-wise, Project 2025 is much closer to Bush-era neoconservativism than the populist, “America First” brand its advocates and opponents attach to it. Various authors accuse the federal government of being weak on China, Iran, Venezuela, North Korea and Russia. A Project 2025 foreign policy can be boiled down to spending more money to act even more aggressively in the Pacific, Middle East, South America and Eastern Europe under the ahistorical assumption that it will get each of these “hostile foreign regimes” to calm down.

So overall, the policy vision of Project 2025 is much more familiar and moderate than the rhetoric surrounding it would have you expect.

In theory, it might make sense to pair sweeping institutional changes that create opportunities to later roll back the administrative state with moderate policies that wouldn’t generate a complete freak-out from the progressive left and political establishment. But, as we see today, in reality, the freak-out happens nonetheless.

And so, if the left and the political establishment are going to call you crazy radicals anyway, why not push for the kinds of sweeping changes that are actually needed to address the many problems we face? For some of the authors behind Project 2025, it could very well be because they do not actually want to cut government spending or roll back Washington’s power.

But for those who understand that significantly slashing the bloated, corrupt, often malicious federal government is the only way out of many of our national predicaments, Project 2025 remains, in its current form, woefully inadequate.

Tyler Durden
Wed, 07/31/2024 – 18:40

China Now “Placates” US & NATO With New Drone Export Controls Targeting Putin’s War Efforts

China Now “Placates” US & NATO With New Drone Export Controls Targeting Putin’s War Efforts

One week after Ukrainian Foreign Minister Dmytro Kuleba met with his Chinese counterpart Wang Yi in China to improve dialogue between the two countries, Beijing announced broader export restrictions on drones and drone parts with potential military applications on Wednesday. In recent months, US and NATO officials have accused China of supporting Russia’s war machine by supplying Moscow with advanced drone technology for the modern battlefield in Ukraine. 

The South China Morning Post reported that civilian over-the-counter drones, which can be reconfigured for the modern battlefield or used by terrorists, will now face export restrictions. 

In a statement, the Ministry of Commerce explained that the decision was primarily based on preventing the use of drones in “the proliferation of weapons of mass destruction.” It noted that laser targeting sensors, infrared imaging equipment, high-precision inertial measurement sensors, and other critical sensors that can easily be mounted on the drone’s payload section will be placed on the export control list. 

“The Chinese government firmly supports Chinese companies conducting international trade and cooperation of drones in the civilian area [and] oppose civilian drones to be used for non-peaceful means,” the ministry continued. 

But in what appears to be a jab at mounting US tech sanctions by Washington, DC elites, the ministry also said, “We oppose the imposition of illegal sanctions on Chinese companies and individuals by certain countries using the excuse of [proliferation of weapon-capable] drones.”

SCMP said the new directive issued today will go into effect on September 1. 

In recent months, unnamed senior US officials have been quoted by MSM, explaining how Russia has purchased drones and drone parts from Chinese companies that are being used on first and second lines in Ukraine.

“Our view is that one of the most game-changing moves available to us at this time to support Ukraine is to persuade the PRC (China) to stop helping Russia reconstitute its military-industrial base. Russia would struggle to sustain its war effort without PRC input,” the official told Reuters in mid- April. 

Goldman Sachs’ John Flood told clients this AM that China’s new directive is a sign that it’s “looking to placate the US and NATO by clamping down on its support for Putin’s war.” 

Meanwhile, Putin will just go to Iran for drones…

Tyler Durden
Wed, 07/31/2024 – 18:20

L.A. Officials Reject Newsom Order To Clear Out Homeless Encampments

L.A. Officials Reject Newsom Order To Clear Out Homeless Encampments

Via Headline USA,

Los Angeles officials are pushing back on California Gov. Gavin Newsom’s order this month to start clearing homeless encampments, arguing the effort to clean up the city’s streets won’t work.

California Gov. Gavin Newsom, center, helps clean a homeless encampment alongside a freeway in San Diego. / PHOTO: Associated Press

“I do not believe that it is ultimately a solution to homelessness,” said Democrat Mayor Karen Bass, according to the Denver Gazette.

“How are they supposed to pay for their ticket, and what happens when they don’t pay?” she continued. “Does it go into a warrant and give us an excuse to incarcerate somebody?” 

Los Angeles County Supervisors Chair Lindsey Horvath agreed with Bass, calling the order to clear out homeless camps “unconscionable.” The solution to homelessness is not “arrest,” she insisted. “It is not pushing people from community to community.”

Horvath also accused Newsom of setting a troubling precedent.

“The criminalization of homelessness and poverty is dangerous,” she said. “It does not work, and it will not stand in Los Angeles County.”

Newsom issued the executive order last month after the U.S. Supreme Court released a decision giving local officials more power to remove those illegally living on the streets and camping out in public parks.

Local governments are not legally obligated to follow Newsom’s order, but failure to do so could result in critical funds potentially being withheld.

“This executive order directs state agencies to move urgently to address dangerous encampments while supporting and assisting the individuals living in them—and provides guidance for cities and counties to do the same,” Newson said in a statement. “There are simply no more excuses. It’s time for everyone to do their part.”

Horvath warned Los Angeles officials would not tolerate a funding cut from Newsom’s government.

“I don’t think that threatening funding at a time where we’re trying to get more people served and more people housed is a place that anybody wants to be in,” she said.

California has the largest homeless population in the country, with more than 180,000 people in the state estimated to be living on the streets.

Tyler Durden
Wed, 07/31/2024 – 18:00

“Too Complacent” – Back To Mag-7 Earnings & The AI Story

“Too Complacent” – Back To Mag-7 Earnings & The AI Story

Authored by Peter Tchir via Academy Securities,

It is difficult to tell how much of today’s rally was:

  • AMD related which was up more than 10% and presumably helped rally almost 15% adding more than $300 billion of market cap

  • MSFT, gaining traction from the immediate post earnings reaction as their conference call did a lot to soothe investors – a nice turnaround in a market that has been punishing “misses”

  • The Fed.   Yields moved down across the curve, even though the Fed didn’t cut rates, and only signaled that September was a possibility, not a done deal.

  • Relief rally from what has been a few tough weeks for stocks, buy the dippers being enticed back in, and some chatter about money on the sidelines moving in from money funds now that rate cuts are in sight.

  • Not only are we getting buyback announcements, but as companies make it through their earnings, they are able to enter back into discretionary buybacks and may view recent dips as great buying opportunities.

In terms of the Fed:

  • Powell didn’t commit to September, but with the market likely to be pricing in close to 100% certainty it would take some unusually strong numbers on either inflation or employment to have them not cut.

  • I don’t see 50 on the table.

  • The Fed seems more comfortable with the employment situation than many in the market. This remains my biggest area of fear – that employment deteriorates more rapidly than the Fed is expecting (or is priced into the market), but the Fed feels handcuffed and cannot commit to easing quickly in response to employment data (they are still afraid of inflation retuning).

Both stocks and bonds seem a little too complacent about the Fed, earnings and other factors.

  • The Japanese Yen, has broken below 150 for the first time since the middle of March. Improving 7% versus the dollar in 3 weeks could have some repercussions for anyone funding positions with Yen. That was listed as a reason for stocks declining a few weeks ago, and is worth paying some attention to.

  • While events in the Middle East didn’t affect markets overnight, there is once again increased risk of an escalation directly between Iran and Israel (Today’s SITREP).

  • We have some more earnings to get through, and it really does seem like “get through” is the watchword, as opposed to being an excuse to rally like they have been in some prior earnings cycles.

  • Jobs. That is my biggest concern for markets, but falls into an overall view that we will be going from no/soft landing to some form of bumpy landing in the coming weeks as data comes in.

Back to Mag 7 Earnings and the AI Story

I still expect that stocks will be lower in August than they were yesterday, but it won’t be a one way street and today likely helped to reset some “for a trade” longs, and squeeze out shorts, smoothing the path to more downside on any disappointment.

I am somewhat surprised the rate rally is continuing, but there has been less corporate new issuance and the “month end index extension” trade is well known and likely helping support rates here (which in turn are helping stocks).  I don’t see that continuing.

Energy related stocks remain my favorite position, as they will act as a hedge in the event of geopolitical escalation.

Tyler Durden
Wed, 07/31/2024 – 16:15

Bonds & Gold Soar In July Amid ‘DotCom-Style’ Collapse In Crowded-Trades

Bonds & Gold Soar In July Amid ‘DotCom-Style’ Collapse In Crowded-Trades

Bonds and bullion outperformed in July with the dollar down and oil getting hammered…

Source: Bloomberg

And while the broad S&P 500 managed very modest gains in July – there was a massive divergence between Small Caps (+12% in July) and Nasdaq (-1.5% in July)…

Source: Bloomberg

Crowded consensus trades suffered in July. e,g, A.I…

Source: Bloomberg

Thanks to a massive $440BN surge today (the biggest day since Feb), the market cap of Magnificent 7 stocks ended the month down only 2.5% (though admittedly down 10% from the highs)…

Source: Bloomberg

MSFT bounced back hard from its post-earnings plunge…

…and NVDA exploded (after touching $100)…

…as did ‘most shorted’ stocks…

Source: Bloomberg

For context, NVDA added a stunning $330BN in market cap today – its largest single-day gain ever…

Source: Bloomberg

The market’s initial reaction to the FOMC statement was muted to say the least as Powell reiterated that “We have made no decisions about future meetings and that includes the September meeting.”

But then Powell dropped the dovish hammer:

“I can imagine a scenario in which there would be everywhere from zero cuts to several cuts.”

…and stocks elevated, only to give it back after he stopped speaking…

Powell’s comments on the job market and inflation during the presser also sent yields and the dollar lower…

  • Job Mkt – Fed ready to move if easing in Labour mkt goes beyond ‘gradual’ and would not want to see ‘further material cooling’. This will likely heighten the focus on Friday’s print.

  • Inflation – very benign take from Powell re recent progress defined as ‘broader disinflation’ /high quality progress (including housing and non-housing services).

The kneejerk reaction (higher) in yields was reversed to the lows of the day…

Source: Bloomberg

…as rate-cut expectations initially dropped, then surged…

Source: Bloomberg

Treasury yields plunged in July with the short-end down 45bps, dramatically outperforming the long-end…

Source: Bloomberg

The yield curve steepened dramatically in July, dis-inverting at 2s30s…

Source: Bloomberg

Gold soared to its highest monthly closing level ever, rebounding the last few days…

Source: Bloomberg

While crude had an ugly month overall, today saw a sizable bounce as MidEast tensions re-escalated…

Source: Bloomberg

It was a mixed month for crypto with Bitcoin managing gains (+4.5%) but Ethereum dumped (-4.5%), despite the launch of the ETH ETFs…

Source: Bloomberg

Bitcoin touched $70,000 intraday at its highs this month, but has fallen back since (testing $65k today)…

Source: Bloomberg

Finally, July saw the biggest Nasdaq underperformance of Russell 2000 since the peak of the DotCom bubble’s bursting…

Source: Bloomberg

Probably nothing, right?

And, according to the prediction markets, Trump and Kamala are all tied up…

Source: Bloomberg

The market doesn’t feel like its 50-50.

Tyler Durden
Wed, 07/31/2024 – 16:00

Iran’s Supreme Leader Orders ‘Direct’ Retaliation Strikes On Israel: Officials

Iran’s Supreme Leader Orders ‘Direct’ Retaliation Strikes On Israel: Officials

Update(1550ET): Multiple Iranian officials have told the New York Times in a breaking story that Iran’s supreme leader, Ayatollah Ali Khamenei, has ordered retaliation against Israel for the brazen assassination by missile strike of Hamas leader Ismail Haniyeh which took place on Iranian soil in the early morning hours.

Officials referenced the “humiliating security failure” and that Iran must once against show “strength against the risk of escalation” in exacting revenge on Israel.

Khamenei has, according to the report, “issued an order for Iran to strike Israel directly, in retaliation for the killing in Tehran of Hamas’s leader” – three Iranian sources who were briefed on the matter said.

Russia is one among several nations urging calm and raising the alarm over a major regional conflagration:

Russia warned Wednesday that the assassination in Iran of visiting Hamas leader Ismail Haniyeh threatened a full “global conflict” — as the terror group called it “a grave escalation” and Iran’s Supreme Leader Ali Khamenei threatened “harsh punishment” for Israel.

“We resolutely condemn the attack that led to Mr. Haniyeh’s death,” Kremlin spokesperson Dmitry Peskov said soon after Haniyeh was killed in an airstrike while in Tehran for the inauguration of Iran’s new president.

“We believe that such action is aimed against attempts to establish peace in the region, and could significantly destabilize the already tense situation,” he said.

* * *

Iran’s Foreign Ministry has issued a fiery statement saying that Washington must also bear responsibility for the Israeli attack which killed Hamas leader Ismail Haniyeh in Tehran in the overnight and early morning hours of Wednesday.

“This terrorist act is not only a flagrant violation of the principles and rules of international law and the United Nations Charter, but also a serious threat to regional and international peace and security,” the Iranian Foreign Ministry statement began.

“The Islamic Republic of Iran emphasizes the responsibility of the US government as a supporter and accomplice of the Zionist regime in the continuation of the occupation and genocide of the Palestinians, in committing this heinous act of terrorism,” it added.

Hamas leader Ismail Haniyeh and Iranian Supreme Leader Ali Khamenei within 24 hours of the former’s death, Reuters

The vague language of general ‘support’ to Israel leaves open the question of whether Tehran believes the US had an actual direct operational role in Haniyeh’s killing.

However, Iran’s ambassador to the United Nations issued a more specific denunciation in tandem: “This act could not have occurred without the authorization and intelligence support of the U.S.,” it said in a letter submitted to the UN. According to fresh details of the strike:

HAMAS SENIOR OFFICIAL AL-HAYYA SAYS A MISSILE HIT HAMAS LEADER ROOM AND ‘STRUCK HIM DIRECTLY‘

Hours before the accusation, US Secretary of State Anthony Blinken definitively stated Washington had no involvement in the attack. 

“This is something we were not aware of or involved in. It’s very hard to speculate,” Blinken told a regional outlet while on an official trip to Singapore. He had been asked about what he thinks will happen next in the region.

Iran will more than likely retaliate in a big way, possibly with another wave of drones and missiles on Israel, but this time less telegraphed (compared to the initial April 13 attack, largely intercepted by Israel’s anti-air defenses)…

The aforementioned UN letter has also called for the UN Security Council to hold an emergency meeting over the Hamas chief’s killing. But likely the US and its allies will see this as a legitimate killing of a designated terrorist responsible for the atrocities against Israel on Oct.7.

Meanwhile as Israel appears to be on an ‘assassination spree’, the body of Hezbollah’s military commander Fuad Shukr (and close advisor to Nasrallah) has been pulled from the rubble in Beirut.

Regional sources say the death toll from the Tuesday strike on a southern neighborhood of the Lebanese capital has risen to five with at least 70 injured. Among the casualties were women and children.

Tyler Durden
Wed, 07/31/2024 – 15:50

Biden Announces New Rules To Make Millions More Eligible For Student Debt Relief

Biden Announces New Rules To Make Millions More Eligible For Student Debt Relief

Authored by Jacob Burg via The Epoch Times,

President Joe Biden announced new rules on July 31 that make millions more borrowers eligible for student loan debt relief.

“Today, my Administration took another major step to cancel student debt for approximately 30 million Americans,” Biden said.

“We won’t stop fighting to provide relief to student loan borrowers, fix the broken student loan system, and help borrowers get out from under the burden of student debt.”

Starting on Aug. 1, the Education Department will send emails to all borrowers with at least one outstanding federal student loan with updates on potential debt relief and a notice of the Aug. 30 deadline to call and opt out if they are not interested in the program. The email does not guarantee eligibility.

The department will finalize the rules this fall, based on the administration’s existing work to provide $168 billion in student loan relief to nearly 4.8 million borrowers. If the rules are finalized as proposed, the number of borrowers eligible for student loan relief will climb to more than 30 million, including those already approved.

“These latest steps will mark the next milestone in our efforts to help millions of borrowers who’ve been buried under a mountain of student loan interest, or who took on debt to pay for college programs that left them worse off financially, those who have been paying their loans for twenty or more years, and many others,” Education Department Secretary Miguel Cardona said in a statement.

The administration released its first set of draft rules in April, directing Cardona to grant further student loan debt relief to tens of millions of borrowers nationwide, including those with balances growing from years of interest.

If finalized, the rules would allow Cardona to provide partial or full debt relief to borrowers who owe more than they did at the start of repayment, those who have been in repayment for more than 20 years, those eligible for loan forgiveness but have not yet applied, and those enrolled in low-financial value programs.

The Education Department said if the rules are approved, the proposed relief would automatically apply to eligible borrowers.

Borrowers who instead want to opt out of debt relief can do so by contacting their servicer by Aug. 30, but will not be able to opt back into the program.

Currently, the Biden–Harris administration has approved $69.2 billion for 946,000 borrowers through fixes to Public Service Loan Forgiveness, $51 billion for more than a million borrowers through adjustments to income-driven repayment counts, and $28.7 billion for more than 1.6 million who were “cheated by their schools, saw their institutions precipitously close, or are covered by related court settlements.”

The administration also granted $14.1 billion to more than 548,000 borrowers with total and permanent disabilities and $5.5 billion to 414,000 borrowers through the SAVE Plan.

“From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” Biden said.

“I will never stop working to make higher education affordable and to make sure our administration delivers for the American people.”

Tyler Durden
Wed, 07/31/2024 – 15:45

“I’m Not Sure If She’s Indian Or Black”: Trump Zings Kamala, Dodges Barbs As Audience Laughs At Black Journalists Convention

“I’m Not Sure If She’s Indian Or Black”: Trump Zings Kamala, Dodges Barbs As Audience Laughs At Black Journalists Convention

Clips are going viral after Donald Trump sat down for an appearance before the National Association of Black Journalists – where he fielded extremely hostile questions from ABC News’ Rachel Scott, and got a rise out of the audience with several answers.

“I want to start by addressing the elephant in the room, sir. A lot of people did not think it was appropriate for you to be here today,” said Scott, who then launched into an attack:

“You attack Black journalists calling them ‘a loser,’ saying the questions that they asked our quote, ‘stupid and racist.’ You’ve had dinner with a white supremacist at Mar a Lago resort. So my question, sir, now that you were asking black supporters to vote for you, why should black voters trust you, after you have used language like that?” Scott continued.

To which Trump replied: “Well, first of all, I don’t think I’ve ever been asked the question, in such a horrible manner, first question. You don’t even say hello, how are you?”

“And I think it’s disgraceful that I came here in good spirit. I love the Black population of this country. I’ve done so much for the black population of this country, including employment including opportunity zones with Senator Tim Scott of South Carolina, which is one of the greatest programs ever for black workers and black entrepreneurs,” Trump continued, calling ABC News “a fake news network” – to which the audience could be heard cheering.

“I have been the best president for the Black population since Abraham Lincoln,” Trump continued to applause.

Trump then slammed Kamala Harris for allowing illegal immigrants to flood the country with illegal immigrants.

When asked “Do you believe Vice President Kamala Harris is only on the ticket because she is a black woman,” Trump replied that Harris identified as an indian American until several years ago, adding “I’m not sure if she’s indian or black.”

Oh.

Trump then discussed political lawfare against him – once again slamming ABC for a lack of coverage. When Scott then said she wanted to move on because she had ‘limited time,’ Trump said “you’re the one who held me up for 35 minutes.”

When asked about running mate JD Vance’s comments about ‘childless cat ladies,’ Trump suggested that Vance is a big fan of families. 

Trump also addressed pardoning the January 6th defendants.

We can’t help but wonder how Kamala Harris would do in a similarly contentious interview.

Tyler Durden
Wed, 07/31/2024 – 15:25

Secret Service Counter-Sniper Warns Another Trump Assassination Attempt Is Coming

Secret Service Counter-Sniper Warns Another Trump Assassination Attempt Is Coming

Authored by Steve Watson via modernity.news,

A Secret Service counter sniper sent out an email Monday night, copying in the entire Uniformed Division warning that if changes are not immediately made, a further assassination attempt on Donald Trump before the election may be successful.

RealClearPolitics reporter Susan Crabtree revealed the communication from the counter sniper, who stated that he no longer feels proud to be working for the agency, that higher ups need to be fired.

The Secret Service “SHOULD expect another assassination attempt,” the sniper wrote, urging “This agency NEEDS to change. If not now, WHEN? The NEXT assassination in 30 days?”

“Sadly we have fallen short for YEARS,” the counter sniper continued, adding “We just look good doing it. I have conveyed these thoughts to not only supervisors (to include the current Captain of CS, but those responsible for training us (SOTS/CS). Only to be brushed off as those with less experience somehow knew more than me.”

“The team I was once proud to be a part of, is something I have to somehow hide as I move into my next career,” the counter sniper, whose name is redacted, further explained.

“Who wants to hire a USSS CS guy who failed? That’s the public perception I’m not faced with. The USSS CS team is a stain I will never be able to cleanse,” he emphasised.

“The motto of the USSS…CYA. And every supervisor is doing it right now,” he added.

Crabtree says that a source told her that the Secret Service quickly deleted the email, attempting to prevent personnel from seeing it.

The reporter further noted that Senator Marsha Blackburn read from the email while questioning Secret Service acting Director Ronald L. Rowe, who was testifying before a joint meeting of the Judiciary and Homeland Security committees on Tuesday.

Here is what Blackburn said, and the response of Rowe:

Elsewhere during the hearing, other Senators, including Josh Hawley, Ted Cruz and Mike Lee lambasted Rowe over the security failings of the Secret Service and the fact that no one has been fired yet.

Republicans have charged that Rowe is a Democrat stooge.

Meanwhile, FBI Deputy Director Paul Abbate stated that there was never any doubt that Trump was hit by a bullet, despite what Director Christopher Wray said days ago about it potentially being shrapnel.

FBI Director Suggests Trump Wasn’t Hit By A Bullet

In response, President Trump retruthed this post on Truth Social:

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
Wed, 07/31/2024 – 13:40