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Watch: Fetterman Blasts Democrats For Running On ‘F*ck Trump’; Calls Socialism Moronic

Watch: Fetterman Blasts Democrats For Running On ‘F*ck Trump’; Calls Socialism Moronic

Authored by Steve Watson via Modernity.news,

Pennsylvania Democrat Sen. John Fetterman has reiterated that he is done with the insanity gripping his party. In a series of raw appearances on Bill Maher’s show and a new Washington Post op-ed, Fetterman is torching the reflexive anti-Trump obsession, the normalization of radical left ideas once dismissed as smears, and the sloppy 24-hour news cycle that turns opinions into “news.”

Fetterman made clear he refuses to play along with the extremes. “My colleagues and people that are running, whether for the Senate where the House, they are literally running on f*ck Trump,” he said. 

“I mean, that’s literally—they have campaign commercials with that. It’s absurd,” he noted, adding “And we are getting to that point and I refuse to engage in that extreme, those terms. And we have to find a better way forward.”

Fetterman repeated the sentiments in an op-ed in The Washington Post, titled “I Haven’t Changed. Here’s What Has,” writing “My party cannot simply be the opposite of whatever President Donald Trump says.”

He stresses, “Working across the aisle is the only way forward” and calls “pointless pile-ons and attacks” unproductive. Fetterman highlights once-mainstream Democratic positions on border security, support for Israel, and avoiding government shutdowns that have now become “toxic” to the party’s fringe base. 

He declares, “Someone who comes here illegally and commits a violent crime should be deported. Full stop.” 

Fetterman also backed practical security measures that even some on the left are now acknowledging make sense. Discussing President Trump’s plans for a new White House ballroom, Fetterman revealed he had a clear view of the latest assassination attempt at the White House Correspondents’ Dinner. 

“I was two tables away at the White House Correspondent’s Dinner. I witnessed this,” he said. When Maher asked if he meant two tables from the attempt, Fetterman replied, “Yeah. I had to see that. Like the entire line of succession was right there and realized that we’ve put, there’s real danger there. We got really lucky there, for a lot of reasons. We need to have a more secure place to do these kinds of events.”

He added bluntly, “I don’t care about the ballroom.” Maher agreed, telling his audience, “I don’t either. Yeah. I mean, it’s like so stupid. It’s such a Rorschach test of whether you just hate. We saw with the assassination attempt a couple of weeks ago. America probably does need [it]… This is America and we don’t want people sitting in tents to have dinner.” The liberal crowd actually applauded.

Fetterman didn’t stop there. He went after the left’s embrace of ideas that were once political poison. “People who are proud to be labeled as a socialist, that was like a smear… They are MORONS if they think that socialism is the answer,” he declared. 

Maher noted that even “communist” is no longer viewed as a dirty word on the left, pointing to a New York official tweeting “elect more communists” and referencing Graham Platner. 

Fetterman concurred, “Yeah, it’s not a slur if I refer to him as a communist. That’s his own term that he used for himself.” Maher called it “a watershed mark, a moment in American history where we should pay attention.”

The senator saved some of his sharpest fire for the media itself. Fired up in a way viewers rarely see from him, Fetterman ripped the 24-hour news cycle for turning opinions into facts. “Opinions have become actual real news [now]… Opinions are NOT NEWS,” he said. 

“There are so many shitty takes out there in the world now. Like, why? Why are people still talking about Tucker Carlson or any of these people? Even Alex Jones is back. I have to see that asshole my feed. You know why? Because they are criticizing Trump.”

“I’m so tired opinions have become news, and now there’s countless, countless ones, and it’s all become sloppy,” he urged.

Maher also noted the legacy of CNN co-founder Ted Turner and the rise of nonstop “breaking news” even when there is none.

Fetterman remains a Democrat who says he is “strongly pro-choice, pro-weed, pro-LGBT, pro-SNAP, pro-labor” and would make a “terrible Republican” who still votes overwhelmingly with his party. Yet he keeps delivering bipartisan results—backing a border bill to stop an “influx the size of Pittsburgh,” the Laken Riley Act, infrastructure deals, and efforts against fentanyl and for Israel. His willingness to call out the party’s shift toward the fringe shows how far some Democrats have drifted from what used to be common sense.

Even as the left doubles down on rage and radicalism, Fetterman’s blunt admissions reveal the growing cracks. Americans are tired of the circus. They want secure borders, and real results.

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Tyler Durden
Mon, 05/11/2026 – 08:45

Norovirus Outbreak Sickens 115 People on Caribbean Princess Cruise Ship, CDC Says

Norovirus Outbreak Sickens 115 People on Caribbean Princess Cruise Ship, CDC Says

Authored by Aldgra Fredly via The Epoch Times,

More than 110 people aboard the Caribbean Princess cruise ship have fallen ill due to a norovirus outbreak, a common cause of gastrointestinal illnesses, according to the Centers for Disease Control and Prevention.

The Caribbean Princess, owned by Princess Cruises, departed from the port of Fort Lauderdale, Florida, on April 28 and is currently sailing in the North Atlantic Ocean, according to CruiseMapper.

The voyage dates were April 28 to May 11. The ship is carrying 3,116 passengers and 1,131 crew members and is expected to arrive in Port Canaveral, Florida, on May 11.

The norovirus outbreak was reported on the ship on May 7, affecting 102 passengers and 13 crew members, with diarrhea and vomiting identified as the predominant symptoms, the CDC said in an update.

Princess Cruises and the crew have increased cleaning and disinfection procedures in response to the outbreak, the CDC stated. Other measures include collecting stool samples from patients with gastrointestinal illness for testing and isolating passengers and crew members who have fallen ill.

The crew also consulted with the CDC’s Vessel Sanitation Program (VSP) regarding sanitation cleaning procedures and reporting of sick individuals, the agency said.

“VSP is conducting a field response for an environmental assessment and outbreak investigation to assist the ship in controlling the outbreak,” it stated.

The Epoch Times has reached out to Princess Cruises for comment, but did not receive a response by publication time.

Norovirus is the leading cause of foodborne illness in the United States, accounting for 58 percent of such infections each year, according to the CDC.

Apart from vomiting and diarrhea, other frequently reported symptoms include muscle aches, headaches, abdominal cramps, and fever.

In March, a norovirus outbreak was reported aboard the Star Princess, also owned by Princess Cruises, affecting 104 passengers and 49 crew members. Last December, a norovirus outbreak on an Aida Cruises ship sickened more than 100 people.

Cruise ships are required to report cases of gastrointestinal illness to the CDC. The agency said that reporting symptoms to the medical center onboard can help health officials detect gastrointestinal outbreaks quickly and take steps to limit the spread of illness.

Medical staff would then evaluate symptoms to determine whether they meet the case definition for the illness, including three or more loose stools within a 24-hour period or vomiting along with another symptom such as diarrhea, aching muscles, or fever.

On average, norovirus causes around 900 deaths, mainly in adults aged 65 and older, 109,000 hospitalizations, 465,000 emergency room visits, and 19 million to 21 million illnesses in the United States each year, according to the CDC.

Tyler Durden
Mon, 05/11/2026 – 06:30

These Are The World’s Deadliest Countries For Journalists

These Are The World’s Deadliest Countries For Journalists

At least 60 media professionals were killed in 2025 due to their journalistic activities, according to the Reporters Without Borders (RSF) database.

As Statista’s Valentine Fourreau detsils below, by far the deadliest place for journalists was in the Palestinian territories, where 25 deaths were officially recorded last year. Palestine also topped the list in 2024, with 21 recorded deaths that year.

Infographic: The Deadliest Countries for Journalists | Statista

You will find more infographics at Statista

Following some way behind are Mexico with nine deaths, Peru with four, Ecuador and Ukraine with three, as well as Bangladesh, the Democratic Republic of the Congo and Sudan with two.

A single journalist was also killed in each of the following countries: Colombia, Guatemala, Honduras, India, Nepal, the Philippines, Saudi Arabia, Sierra Leone, Uzbekistan and Zimbabwe.

Meanwhile, 140 journalists and media professionals were listed as “disappeared” last year, with the highest numbers recorded in Syria (37), Mexico (28) and Iraq (12).

Reporters Without Borders emphasizes that media professionals’ deaths are only listed in their database if the NGO can confirm it as being linked to their journalistic work.

This explains why these figures seem low and that they are subject to change as fact-checking is carried out.

Tyler Durden
Mon, 05/11/2026 – 05:45

A BrAIve New World For High Yield

A BrAIve New World For High Yield

Authored by Luke Coha via BondVigilantes.com,

As the world grapples with how AI will shape and change our lives going forward from the mundane, like automated homes or more clever apps, to more existential threats (opportunities?) leading to job and possibly sector obsolescence and related, broader social implications, it’s definitely well accepted that the demand for AI computing power is enormous and growing.

Estimates vary, but they are all astronomical, ranging from $5 trillion to $7 trillion in capital investment needed to fund the global data centre and AI buildout, including adding 122 GW of power capacity between now and 2030 (according to JP Morgan). This scale of investment will require involvement from virtually all sources of funding, including public capital markets, private credit, governments and asset-backed securitisation funding.

While not nearly on the same scale as investment grade markets, high yield markets have been playing, and will continue to play, a role in this buildout financing mostly via the funding of data centres. This has important implications for the asset class. In very short order, AI related and data centre issuance has exploded from effectively nothing just over a year ago to nearly $40 billion today, with close to $30 billion issued since the start of the year.

This sheer quantum of issuance is huge and effectively amounts to an entirely new subsector created nearly overnight within the high yield market. The vast majority of this issuance is index eligible and currently represents approximately 1.6% of the Global High Yield Bond Index (and 2.6% of the U.S. High Yield Bond Index). What’s more, from estimates we’ve seen, expectations are for total high yield, AI related issuance to reach $100 billion to $120 billion over the next few years.

Should this manifest, it would represent close to 4% to 5% of the global index and 6% to 7% of the U.S. index, of similar scale as long existing and well established retail and capital goods subsectors. This scale, coupled with mostly above index level yields, makes it difficult, if not impossible, for active managers that are benchmark-aware to ignore. It will be imperative to understand the broader narrative as well as the idiosyncratic characteristics of the individual issuers. As stated, this is effectively a new sector to the market and participants, such as analysts, strategists and fund managers, need to, if they haven’t already done so, get up to speed quickly.

At the time of writing there are now 15 high yield data centre bonds totalling $39 billion (including neocloud provider CoreWeave). High yield data centre bond issuance has coalesced around similar, project-finance-like features but with important variations.

Source: Bloomberg, Barclays Research. Note: excludes issuance by neocloud CoreWeave, which has $6.5bn of regular-way HY bonds outstanding

Generally, bonds are being issued with five-year non call two-year structures and mostly amortising. By definition these issuers will have more leverage than traditional IG issuers but some will have financial backstops from the likes of Google, while others will not. Most will have high-quality tenants like Nvidia, and hyperscalers like Amazon, Microsoft and Meta, while others will have a variety of tenants. Some are single asset facilities while others are multi-site and multijurisdictional. Some will be well advanced in their construction timeline while others will have yet to have broken ground. Some will have contracted power supply including back up power, and some are still negotiating power supply agreements… you get the idea. And that’s leaving aside the complexities around lease terms, cost overrun provisions, covenants etc.

There are already rumblings in the high yield market surrounding concerns that the explosion in issuance has bubble-like characteristics similar to that of telecoms in the early 2000s or energy in 2015 to 2017, when investor enthusiasm outweighed a sober assessment of risk. These same critics also worry about the potential for overbuild or overcapacity, i.e. the massive demand fails to materialise, or that despite the strong tenant base, these contracts have yet to be tested.

Conversely, proponents of the nascent space point to the undeniable demand for more compute capacity and expectations that any individual project disruptions or failures would be tolerated by their well-heeled tenants who, with strong demand for capacity, would support any centres that came into difficulty; and if not, demand is so great, other well capitalised tenants would simply step in. Further, regardless of long term dynamics, there is massive demand now and any project that is up and running, or close to, has a first mover advantage and any capacity concerns etc. are for projects well down the development pipeline.

Further, some view this as an attractive ‘yield to call’ play, inferring that as these projects are up and running and generating more cash, the issuer will have the capacity to refinance their high coupon, high yield issues at more attractive terms, arguably creating a potential short term opportunity for high yield investors.

Ultimately, being completely short the space due to uncertainties requires a high degree of conviction that the sector is mispriced and even vulnerable. Conversely, going overweight the sector is an acceptance of a broader narrative that has only recently manifested itself. All of which highlights that careful credit work on individual issuers and a broader understanding of these dynamics is paramount.

Source: Meta

Bottom line, balancing this supply, index and yield dynamic versus fully understanding the fundamental, technical and issuer risks and rewards is a real challenge for high yield markets. And with all things AI related, we need to understand if this dynamic potentially represents – and if so, how to adapt to – to paraphrase Aldous Huxley, a Brave New World.

Tyler Durden
Mon, 05/11/2026 – 05:00

Singapore Remains The World’s Most Powerful Passport In 2026

Singapore Remains The World’s Most Powerful Passport In 2026

Your passport shapes how much of the world you can access. In 2026, the gap between the strongest and weakest passports spans nearly 170 destinations.

This graphic, via Visual Capitalists’ Gabriel Cohen, ranks global passport strength using data from the Henley Passport Index, based on how many destinations citizens can enter without a visa.

Singapore leads with access to 192 destinations. That’s nearly five times the access available to citizens of the lowest-ranked countries. Meanwhile, the weakest passports allow entry to fewer than 50 destinations. The disparity highlights how geography, diplomacy, and stability influence global mobility.

The Top Passports of Asia and Europe

Following Singapore, there is a three-way tie for the second-strongest passports, with Japan, South Korea, and the United Arab Emirates each offering access to 187 destinations without a visa.

The UAE has the strongest passport outside of East or Southeast Asia, though with a notable caveat: Emiratis lack visa-free access to the United States, unlike their peers in Singapore, Japan, or South Korea.

From there, Europeans hold many of the strongest passports by visa-free access, led by Northern and Western European countries like Norway and Switzerland (both 185).

While the 27-member European Union has a unified passport system, individual member countries still vary in visa-free access, ranging from 177 destinations for Bulgaria and Romania to 186 for Sweden.

Taking the average across this range, the EU’s overall passport strength stands at 183 visa-free destinations, tied with countries like Malaysia and the United Kingdom and slightly ahead of North American counterparts like Canada (182) and the United States (179).

The World’s Weakest Passports

At the bottom of the ranking, mobility drops off dramatically. The weakest passports offer access to fewer than 50 destinations, less than a quarter of what top-ranked countries enjoy.

These countries often face political instability, high emigration, or recent conflict, which can limit access to many developed regions.

African countries like Nigeria (44), Somalia (32), and the Democratic Republic of the Congo (43) also rank low. Fast-growing populations and large diasporas have contributed to tighter visa restrictions for these nationalities.

A Tale of Two Passports

Taken together, passport rankings reveal more than travel convenience—they map global inequality. Where you’re born can shape where you’re allowed to go, making passport power one of the clearest indicators of opportunity in a connected world.

African, Middle Eastern, and South Asian passports tend to rank lower than their European or Western Hemisphere counterparts. Even higher-ranking exceptions like Malaysia or the UAE can still face limits on visa-free access to major destinations, particularly the United States.

If you enjoyed today’s post, check out The United Arab Emirates has the World’s Most Affordable Passport on Voronoi.

Tyler Durden
Mon, 05/11/2026 – 04:15

Meanwhile In Scotland…

Meanwhile In Scotland…

Authored by Steve Watson via Modernity.news,

A trans Tamil immigrant on a temporary student visa has just been ELECTED as a Green Party MSP to Holyrood in Scotland – despite having no British citizenship, no permanent residency and no right to full-time work.

Where else would this be allowed to happen? It’s insane.

The candidate, Dr Q Manivannan (they/them), arrived in the UK a few years ago as a PhD student and was selected for the Green list in Edinburgh and the Lothians East. Scotland’s rules – relaxed under the SNP – explicitly allow non-citizens to stand for election and take office.

Manivannan’s own victory remarks left nothing to the imagination. “My name is Dr Q Manivannan, I am a transgender Tamil immigrant, my pronouns are they/them.” And later: “I am, to some in this country, everything that the hateful despise, and I’m standing here as your MSP now with care.”

The individual is clearly not OK mentally.

This is not an isolated stunt. The Green Party has become a conduit for an unholy alliance of islamists and gender ideology obsessives.

Deputy leader Mothin Ali was pictured alongside a trans candidate, the awkward expression speaking volumes.

Other recent Green candidates reinforce the pattern. In Preston, new councillor “Tina” Balmer declared: “I want to help the city I love.”

Here are more Green candidates that stood for election:

And here’s the support they’re drawing…

They’ll lecture you all day long about ‘hate’, meanwhile…

Many of them simply don’t bother to speak English:

Meanwhile, UK Deputy Green Party leader had a meltdown when Piers Morgan asked if in her view women can have penises:

He asked that question because during a previous exchange, Party leader Zack Polanski went full gender-ideologue, claiming women can have penises and dismissed biological reality.

The party is also pushing to teach schoolchildren they should have a “moral obligation” to accept mass immigration.

The Greens aren’t just pushing open borders and gender ideology – they are the vehicle that fuses the two into one destructive package.

Scotland’s sovereignty is now being exercised by people who aren’t even British citizens, while taxpayers foot the bill for six-figure salaries and the erosion of women’s rights, free speech and national identity.

This isn’t democracy. It’s demographic replacement dressed up as progress – and the Green Party is leading the parade.

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Tyler Durden
Mon, 05/11/2026 – 03:30

EU Prepares For ‘Potential’ Talks With Putin As US Slowly Reduces Troops On Continent

EU Prepares For ‘Potential’ Talks With Putin As US Slowly Reduces Troops On Continent

A recent report in Financial Times indicates the European Union is preparing for “potential” future talks with Russia and President Vladimir Putin at a moment of extreme doubts over both US military commitments and Russia’s intentions in Ukraine.

Putin himself during his V-Day speech Saturday hinted for the first time that the conflict may be ‘coming to an end’:

“I ⁠⁠think that the matter is coming to an end,” Putin told reporters of the Russia-Ukraine war, Europe’s deadliest conflict since World War II.

The Russian leader, however, added he would be willing to meet Zelensky only after the terms of a peace agreement had already been settled. The Kremlin had rejected US President Donald Trump’s August 2025 offer to hold a trilateral meeting with Zelenskyy, Putin and Trump.

“This should be the final point, not the negotiations themselves,” Putin said after the Victory Day, which marks Russia’s victory over Nazi Germany in 1945 in World War II.

Sputnik/Reuters

Also on Saturday, António Costa, the president of the European Council, said to a press conference the EU will only talk to Putin at the “right moment”. Costa ultimately sees “potential” for direct EU engagement with Putin

“We need in the right moment to have talks with Russia to address our common issues with security,” the EU president had said.

“We don’t want to disturb the initiative led by President Trump,” said Costa at a ‘Europe Day’ celebration in Brussels. He also spoke of preparations aimed at being “ready to do what we need to do” regarding Europe’s security.

And separately an EU official said: “There will be a moment when the EU will need to speak to Russia because it’s an existential issue for Europe. Now it’s not the time.”

President Trump has recently blasted NATO as a “paper tiger” (though it wasn’t the first time) and has said the US is withdrawing 5,000 American troops from Germany.

In response, European governments have accelerated discussions on deeper EU military coordination, including joint defense initiatives which bypass US protection.

Currently, the three-day Ukraine ceasefire announced and backed by President Trump appears to have held throughout the weekend, as no drone attacks have been registered on Moscow or other parts of the country. 

Trump had presented this as a window and opportunity to achieve a more permanent truce, and Putin is without doubt seizing on the initiative, but surely wants a final settlement in line with Kremlin aims in Ukraine.

Tyler Durden
Mon, 05/11/2026 – 02:45

Is The Socialist-Islamist Alliance Finally Over?

Is The Socialist-Islamist Alliance Finally Over?

Via Remix News,

Khalid Al-Hail is a defector from the Qatari ruling establishment, the president of the Qatar National Democratic Party, and the countrys most prominent opposition spokesman. Now living in exile in the United Kingdom, he is a successful international businessman and the leading advocate for democratic reform in Qatar, known for exposing the regimes state-backed influence operations and media manipulation abroad.

I can’t believe how petty this sounds, but I really think western socialists are frightened that the fall of the Ayatollahs will split their vote base. Why on earth else would people whose hearts bled for Palestine be back out in the streets supporting a regime which has matched the death toll of Gaza in just a few months? The clue is in the prevailing ideology of the Western intelligentsia. The signs have been visible for years.

In 2022, a socialist political network within the European Union became embroiled in the so called ‘Qatargate’ scandal, involving cash bribes to close down debate about Qatar’s Human Rights abuses.

As Qatar’s democratic opposition in political exile, I was encouraged by a recent campaign to call the European Union’s attention to this and other abuses of Qatar’s governance in the West. Billboards decried the Al Jazeera Propaganda network, the human rights violations of Qatar’s indentured foreign workforce and Qatar’s constant support for proscribed terrorist organisations including the Taliban, Hamas and Al Qaeda – all of which has been going on for decades.

But the synergy between borderless, European socialism and Qatar’s radical Wahhabi Islamism runs deep.

The reason left liberals stand shoulder to shoulder with Islamist causes is that both ideologies create the same problems for themselves, which can be explained away with the same PR.

Both respect ideology more than nationhood, so they naturally collaborate to attack any society with a strong cultural identity. Both share a Tabula Rasa concept of humanity, resenting freedom of the individuals to express Petit Bourgeoisie or Haram political values. Both interpret justice through the lens of doctrine and revelation, so neither can accept equality under the law. Both are therefore incapable of building or sustaining societal contracts and wealth. Both are in denial about that fact and cover their failures by taking what free societies have built and pretending that they created it themselves. Finally, they both have to silence anybody who exposes the obvious failures of their ideologies. The natural enemy of both is the individualist, independent, thinker who does not wish the state to interfere with his life.

What is unusual about Qatar is that it has a lot of money (I shall avoid saying ‘wealth’ – their resource of natural gas was handed to them by the British along with their state in 1971) so, unlike other Islamist regimes, they can buy strategic influence in the West. I’m not just talking about celebrities and broadcasters like Tucker Carlson. Qatar, a radical Wahhabi State and among the most extreme Islamist societies on Earth, sees that socialist political movements are equipped with idealistic students, newspapers and think tanks – so they have become a generous benefactors of universities, media networks and think tanks – their proteges forming a united front against Israel. 

Qatar also backs terrorist groups, colludes with the Muslim Brotherhood and houses Hamas operatives in Doha while securing exclusive reportage rights for Al Jazeera from the Gaza Strip. Al Jazeera’s Arabic language channel, which meets all the criteria under which RIA Novosti and Russia Today are banned, enjoys the same immunity in the EU as it appears to in the USA. That’s what expensive lobbying can do in democratic societies.

Recent events, however, threaten to break this uneasy Islamist-socialist alliance.

The 1979 revolution in Iran marked the first and only time an ancient, civilised and educated, country was totally subverted by radical Islam. When the Ayatollahs fall and the whole story of the long dark decades which followed is told in the West, it will strike a shattering blow to the marriage of convenience between the liberal left and Islamism.

I suspect that some more cynical Western political actors always knew this day was coming but just kept hoping that it wouldn’t arrive on their watch. Some are determined to ride the alliance into the ground and are now mobilising in full support of the Iranian Islamic regime which has killed tens of thousands of its own citizens in the last few months.

Spotted among a recent pro-Iranian regime march in London were Jeremy Corbyn – the former leader of the UK Labour Party – and Mothin Ali, the deputy leader of the Greens. Meanwhile Zohran Mamdani, the Mayor of New York who appealed to Brooklyn LGBTQ liberals on a pro Palestine platform, has also expressed his disgust at the shaking of the Ayatollahs – as has the Spanish PM Pedro Sánchez who recently naturalised 800,000 illegals. When people complained that the foreigners bring crime to Spain, the far-left Más Madrid spokeswoman Tesh Sidi breezily retorted that they are no longer foreigners but now Spaniards.

Would these figures of the radical left ever apply their own logic to the new arrivals in Israel in 1947? No – obviously they couldn’t – which is to say that the union between those who are all giving of the shared Western inheritance and those who are all taking for Political Islam is now openly inconsistent with its own values.

The shaking of the Ayatollahs in Tehran will be an informative moment in the history of Western self-determination as well as Iran’s. As we saw with East European Communism, as we will see in Gender theory and much of the Net-Zero green agenda, an ideology truly collapses not because of its military defeat or political sabotage but because of its inability to justify its own excesses any further. A recent comment made by Qatar’s ex Prime Minister makes me realise how desperate the game is getting to keep the radical left and Islamists together.

‘As soon as we declare war on Iran, America will withdraw from the conflict, sell weapons to both sides and use our resources to defeat both sides and expand the Greater Israel Project.’

This level of paranoid insanity will always appeal to a few lunatics – but is surely too much, even for the socialist Eurocrats, academics and journalists who take Qatari cash bribes.

Read more here…

Tyler Durden
Mon, 05/11/2026 – 02:00

Rabobank: “More War Seems Inevitable”

Rabobank: “More War Seems Inevitable”

By Michael Every of Rabobank

Summit… then ‘summit’ worse?

“TOTALLY UNACCEPTABLE,” was President Trump’s response to Iran’s belated reply to his peace proposal, which they have rejected as a “surrender.” Tehran thinks the US must do so instead: rather than handing over enriched uranium, pledging to never build a nuke, reopening the Strait of Hormuz, and dropping ballistic missiles and support for regional terror proxies, Iran wants a permanent US retreat, reparations paid to it, and control of Hormuz.

More war, where the US takes control of the Strait and/or bombs the regime harder to encourage it to sign a deal, seems inevitable if one rules out a 1956-style retreat. Indeed, Israeli PM Netanyahu gave a TV interview to 60 Minutes where he stated the Iran war, while having achieved a lot, is “not over.” Markets are not going to enjoy the prospect of greater and longer disruption to global energy supplies.

However, new fighting may not be seen until the weekend. First, “because markets.” Second, as the US still doesn’t have everything in place it needs militarily to strike harder and for longer. Third, because over May 13-15, Trump will meet Xi in Beijing, where the focus will be on Iran as well as broader US-China relations.

As postulated since the early days of this war, its resolution may run through Beijing. China, like Russia, has influence on Iran via supplies of key military goods. In that regard, some see Trump going to China with Xi holding all the cards (because Iran holds a Strait.) Yet others think a sustained war that pushes global energy markets and the economy past a terrible tipping point might see Beijing offer to lean on Iran rather than supporting it like Russia vs Ukraine.

Naturally, that opens up chatter of a potential ‘Grand Bargain’ around the core interests of China, the US, and Russia (where President Putin presided over a deflated Victory Day parade and said the war with Ukraine may “be coming to an end.”) If you aren’t at this week’s table, you might be on it. In short, the focus should be on this summit and whether it leads to ‘summit’ better or worse for you.

Equally naturally, political dramas around the world mirror those in geopolitics.

Following a local election drubbing and the collapse of two-party politics, the ruling UK Labour Party will see a stalking-horse leadership contest against deeply unpopular PM Starmer. His potential rivals Streeting (in the cabinet), Miliband (in the cabinet and a former unpopular Labour leader himself), Rayner (not in the cabinet due to a tax scandal), and Burns (not in Parliament due to Starmer’s team) must decide if they will make their moves. Starmer is determined to cling on and will give a major speech today seen as determinative for who joins the fray. Financial markets will be worried about populist left policy direction under new leadership, where Labour is losing voters just as fast at it is to the populist right.

In Australia, the by-election in Farrer saw a seat formerly held by the Liberal Party leader taken by the populist right One Nation and the door opened to it joining the Liberal-National opposition coalition, reshaping Australian politics. This is ahead of a Labor Party budget tomorrow already seeing a populist left shift via cash handouts (when inflation is nearly 5%), and taxation of residential property and other assets.

Denmark’s Liberal leader has taken over coalition talks after the Social Democrat premier failed to secure a parliamentary majority. There appear few stable political combos on offer, and questions swirl as to whether the inclusion of the far right will be necessary to achieve one.

Germany’s far right AfD is at 28% in national polls, the most popular party, and 41% in an eastern state where an election will be held in September: add the far left, and populism is >50% of the electorate. There appear few stable German political coalitions that exclude the AfD.

In all these cases, as in the US, the market-friendly center is failing to hold and extremes on the left and right, and via sectarianism, are benefitting most.  

Meanwhile, a revolution may be taking place in the geoeconomic sphere. The CLARITY Act working its way through the US Congress as companion to the GENIUS Act that cements stablecoins into the financial system has disallowed USD stablecoins from paying interest; however, it allows the payment of scaled rewards and fees that are their functional equivalent when used in transactions. That might prove pivotal for these much-misunderstood new assets designed to steamroller the global Eurodollar financial architecture.

China is officially banning anything other than its official e-CNY, a CBDC, though Hong Kong is floated as a potential location that could perhaps issue Chinese versions of onshore mainland debt-backed stablecoins similar to those of the US. That could, in theory, propose an alternative payments infrastructure that isn’t hampered by China’s capital controls.

By contrast, the ECB has just stated stablecoins are not an efficient way to strengthen the international role of the euro vs. deeper capital market integration and a stronger safe asset base. That means its alternative to the USD is an EUR that looks more like it, which implies the matching ‘benefits’ of trade deficits, debt, and financialisation over net exports and the industrial production needed for remilitarisation – as the US tries to pivot hard the other way.

Indeed, the US is not only pushing for a $500bn increase in the Pentagon budget but seeing a shake-up of how it operates: bureaucrats will no longer negotiate defence contracts, with an elite private sector “Deal Team Six” to handle and approve negotiations; defence firms will have to build their own factories; those that fail to deliver goods will be held responsible and may be replaced with new contractors; and there will be no more ‘costs-plus’ overspending. “Despite paying companies to make weapons faster, scheduled delays were constant, and cost overruns were the norm, all while their CEOs got rich,” according to Secretary of War Hegseth.

“Because markets,” said shareholders. But perhaps no more. That’s summit else to chew on.

Tyler Durden
Sun, 05/10/2026 – 23:37

America’s 250th: Here’s Where Celebrations Are Taking Place

America’s 250th: Here’s Where Celebrations Are Taking Place

Authored by Savannah Halsey Pointer via The Epoch Times,

Celebrations across the United States are expected in the coming months as Americans mark the 250th anniversary of the nation’s founding.

Americans can find parties, fireworks, sporting events, and opportunities to learn about history in various locations. The events are being hosted by individual states and the federal government, which established a task force for celebrations this year.

Days after his inauguration, President Donald Trump signed an executive order “to provide a grand celebration worthy of the momentous occasion of the 250th anniversary of American Independence on July 4, 2026.”

That order established the Salute to America 250 Task Force, or “Task Force 250,” for “engaging all levels of government, the private sector, non-profit and educational institutions, and every citizen across the country to celebrate this historic milestone.”

Washington

Many events have been planned in the nation’s capital for the lead-up to the anniversary on July 4—the date the Second Continental Congress approved the Declaration of Independence, which announced the 13 American colonies’ intent to separate from the British monarchy.

Events kicked off on Dec. 31 2025, with videos projected on the Washington Monument to detail the nation’s history—from its discovery as the “New World” to the present day. That ran through Jan. 5 of this year.

On May 17, the National Mall will host a National Prayer event with worship, testimonies, and music. “Streamed to parishes, the event is amplified through coordinated media and a lead-up series with pastors and partners highlighting the Church’s role in history and civic life,” the White House said.

On Memorial Day, May 25, there will be a Spirit of America Parade, honoring service members and their sacrifice.

The White House will also host an Ultimate Fighting Championship event called UFC Freedom 250. That’s scheduled to take place on June 14 on the South Lawn of the White House and feature an “unprecedented mixed martial arts event.” Confirmed fights include Alex Pereira versus Ciryl Gane for the interim UFC heavyweight title, and Ilia Topuria versus Justin Gaethje for the lightweight title.

The Washington Monument is illuminated with a projection of President Donald Trump’s “Freedom 250” initiative during the New Year’s Eve show at the National Mall in Washington on Dec. 31, 2025. Amid FARAHI/AFP via Getty Images

On July 3, the Official Countdown 250 Ball will take place at the Washington Hilton, about three blocks from the Mall. The black tie event will launch America’s 250th anniversary weekend.

The ball will feature six party zones, four live entertainment stages, premium open bars, the All-American Hero Lifetime Achievement Awards, and a signature midnight countdown to the moment America enters its 250th year.

Starting on June 25 and running through July 10 of this year, a large-scale celebration at the National Mall will feature pavilions for every state and territory, as well as themed exhibits to highlight topics such as arts, innovation, faith, and agriculture in the United States.

The fair will include live performances and traditional fair attractions, as well as interactive exhibits.

More than a million Americans are expected to head to the nation’s capital on July 4 for what the White House calls “one of the grandest displays of patriotism that the world has ever seen.”

The day will feature remarks from Trump and a fireworks display, which the White House is advertising as “the largest pyrotechnics display in the history of the world.” It will also include musical performances and ceremonies honoring both service members and everyday Americans.

North Dakota

In North Dakota, a new presidential library is slated to open in Medora on July 1. The library will feature exhibits on former President Theodore Roosevelt’s life and legacy, as well as galleries and interactive displays.

New York

On July 4, New York Harbor will host Sail 4th 250, an international event of tall ships and naval vessels from more than 30 nations. This event will include parades, performances, and public programming.

It will also include a naval review, showcasing U.S. ships’ power and capabilities.

Pennsylvania

The state of Pennsylvania has positioned itself as a centerpiece of the anniversary in materials about the city’s events, due to Philadelphia’s role in the founding.

The city is considered the birthplace of American independence, because the signing of the Declaration of Independence took place at Independence Hall on July 4, 1776. Additionally, Philadelphia served as the nation’s capital for portions of the Revolutionary era.

According to the city website, “Philly goes bigger than ever in 2026,” touting the largest Independence Day celebration in the nation, which will close out 16 days of festivities with a giant, free-to-attend event on the Benjamin Franklin Parkway. The city expects thousands to head to the City Center for the family-friendly event.

Freedom 250’s Timothy Crawford (L) and Nick Bravo (R ) brought their mobile museum “Freedom Truck” to Florida Atlantic University in Boca Raton, Florida, on Feb. 23, 2026. Jacob Burg/The Epoch Times

Post-July Events

Throughout 2026, the White House’s Freedom 250 initiative has six mobile museums housed in double-wide tractor-trailers crossing the nation.

The “Freedom Trucks” will travel across all 48 contiguous states with their exhibits, visiting schools, parks, and community events. The goal is to reach millions with the interactive displays on American independence and notable figures from U.S. history.

On Aug. 22–23, Washington will play host to the Freedom 250 Grand Prix, which will be the first Indycar race on a street circuit around the National Mall. The White House called the event a “historic moment in American motorsport, designed specifically to celebrate the 250th anniversary.”

The track map of the upcoming Freedom 250 Grand Prix, in Washington on March 9, 2026. Featuring a 1.7 mile course with seven turns on the National Mall, the Aug. 23 event will celebrate America’s 250th birthday. Madalina Kilroy/The Epoch Times

In the fall of 2026, the Freedom 250 initiative will launch the Patriot Games—a national competition for high school athletes from every state and territory. The event will pair mentors and students to compete for a $250,000 prize to be split between one male and one female winner.

Tyler Durden
Sun, 05/10/2026 – 23:20