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Will The US Hit A Deflationary Wall Or Will The Fed Inflate Again In 2026?

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Will The US Hit A Deflationary Wall Or Will The Fed Inflate Again In 2026?

Authored by Brandon Smith via Alt-Market.us

In a system dominated by Keynesian economics the word “deflation” is considered taboo; like saying Donald Trump’s name out loud in a crowded Seattle yoga studio. The screeching reaction you will get is rarely worth the effort of arguing the point. Every element of modern financial policy is designed to prevent a deflationary event. Every central bank policy is designed to artificially drag the economy out of deflation using whatever fiat stimulus is necessary.

Of course, deflation is not always a bad thing. It’s the harsh tasting medicine sometimes needed to correct the many problems caused by bad investments, corporate fraud, consumer debt addiction, government interference in markets, etc. We saw this during the crash of 2008, but the Federal Reserve refused to let the treatment run its course.

The US, like many countries, has become disconnected from the concept of financial consequences. But when America’s massive system dodges accountability, the cost to future generations can be immense.

So now we’re stuck with 17 years of persistent monetary intervention and the inevitable stagflationary crisis it created. The fact that Keynesians like Paul Krugman, Janet Yellen and Ben Bernanke downplayed or outright denied the existence of the inflationary threat shows, at the very least, that they know inflation is a bad thing for the general public (otherwise, why would they try to hide it?).

They denied reality so hard it made them look stupid when 2022 hit the US with a 9.1% CPI rate. The consequences of stimulus driven policies are now undeniable and the Keynesian “experts” have been proven useless, but this doesn’t mean anything is going to change for the better.

My ongoing question with the return of Donald Trump to the White House has been this: How are the banks going to pull the rug out from under this administration? Will it be a deflationary crisis, or an even bigger inflationary crisis?

As I noted last month in my article “Inflection Point: US Government Shutdown And Strange Economic Signals”, gold and silver prices seem to be on the verge of going parabolic (beyond the price explosion we’ve already seen this year), which indicates incoming inflationary pressures. Or, at the very least, a global expectation among investors and central banks of a crisis event which will precipitate further inflation.

I suspect this is partially due to the monolithic interest payments that the US government is required to make on existing debt ($250 billion every 3 months currently). Central banks and investors are snapping up gold and silver, perhaps with the expectation that US debt will become unstable, thus affecting dollar value or triggering a new round of QE.

Furthermore, despite Federal Reserve intervention in interest rates, consumer spending has not significantly slowed down and debt borrowing continues to climb to record highs. CPI growth has slowed dramatically from the Biden era, but prices have not dropped enough to give relief to average Americans. If the Fed’s goal in jacking up interest rates was to slow demand, they failed miserably.

As I’ve noted in the past, the central bank had to hike interest rates to over 20% in the early 1980s to finally end the decade long stagflation crisis – We didn’t come anywhere close to that post-pandemic. Meaning, the Fed put a band aid on an inflationary gunshot wound.

But is deflation just around the corner? There are some signs that this is happening. For example, job availability has dropped by 500,000 openings in the past year, and keep in mind around 30% of all advertised employment opportunities are actually “ghost jobs” that don’t actually exist.

There have been increases in job layoffs in 2025, but 27% of those are connected to DOGE cuts to government bureaucracy. White collar jobs have seen a increase in layoffs of around 19% for the year.

The US national debt increased by $2.2 trillion in 2025. Consumer credit debt is increasing by around $190 billion every quarter. Total household debt has hit $18.5 trillion. Eventually, the debt expansion is going to drag down consumption, but this doesn’t seem to be happening yet.

There hasn’t been a noticeable slowdown in retail spending, nor in credit borrowing. Prices remain significantly higher compared to before the pandemic despite softening of the CPI. The elements needed for deflation to pull prices down just don’t exist.

I continue to suspect that a deflationary event is coming, but I think this will only happen after another round of inflation hits the economy. If the Fed cuts rates to the point that CPI spikes sharply again (which won’t take long), then rising prices will ultimately hobble consumer spending. If they don’t, then the Fed will hike rates well beyond recent highs, just as they did in the 1980s.

It’s the Catch-22 trap that I have been talking about for years and it’s not going away. The choice is really up to the Fed – To increase interest rates far beyond what they did in the past three years, or stimulate. In other words, the roller coaster starts in 2026 as the central bank continues to cut. Watch for returning instability in the CPI in the summer and fall.

Trump’s tariffs, if they are still in effect, will likely be blamed despite the fact that tariffs have avoided the kind of cost crisis that many critics were predicting. How did this happen? Well, because the critics don’t take into account the massive mark-up from manufacturers overseas to retail prices on the shelf.

Prices on many goods are jacked up by 250% on average once they reach the US. Some apparel items see a markup of over 900% before they hit the shelf. The price of labor and materials in Asia is exceedingly low, and the charges on final products in America are exceedingly high. This is why most international corporations can eat the tariff taxes without much trouble to consumers.

Tariffs are estimated to have caused an increase in CPI of 0.7% since they began according to Harvard research data; a negligible amount compared to the disastrous predictions of many mainstream economists.

That said, inflation continues to loom and tariffs make for a useful scapegoat simply because most people don’t understand them. There has been no deflationary correction, not since 2008 and not since the pandemic stimulus. Which means high demand has not been quelled and savings are not increasing (the US personal savings rate declined to record lows in 2024-2025). Excess dollars are still increasing in circulation and FRED M2 continues to climb. The system never took its medicine.

This means that as the central bank returns to lower rates, borrowing will explode to even higher levels.  Inflation will resurface, likely by the third quarter of 2026 if the Fed continues to cut interest rates into next year.

The Trump Administration is taking measures that could help mitigate prices. Mass deportations will certainly reduce domestic demand for goods and housing, which means more supply and falling prices. But this won’t happen at the kind of pace we need unless Trump finds a way to at least double the current annual deportations. The effects will be cumulative and will take years to affect markets.

Overall, I don’t see a way to escape more inflation in the near term without dramatic changes to economic conditions, or a historic move by the Federal Reserve to hike interest rates to levels not seen since the stagflation crisis 50 years ago.

Tyler Durden
Tue, 12/16/2025 – 20:05

House Oversight Report Says DC Police Chief Manipulated Crime Data

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House Oversight Report Says DC Police Chief Manipulated Crime Data

A few years ago a propaganda narrative was launched by Democrat leaders and the left-wing media asserting that conservative red states are the greatest source of criminal activity in the US.  The narrative was designed to misdirect the public, distracting from the ongoing problem of progressive soft-on-crime policies which help violent offenders stay out of prison while putting the population at risk.    

In reality, red states only have a crime problem because of blue cities.  Democrat controlled cities suffer the most criminal activity by far.  Data shows that 27 out of 30 of the most violent cities in the US are Democrat run. The leftist propaganda backfired, leading to wider discussions on blue city decay and liberal delusions that crime is a “product of society” rather than a product of inherent psychopathy. 

The situation is far worse than reports indicate. For many years evidence has been mounting that reveals a pattern of suppression when it comes to blue city crime stats.  One city that has been placed under a microscope is Washington DC – A new report from the House Oversight Committee alleges former D.C. Police Chief Pamela Smith played a considerable role in the overall Democrat effort to hide true crime stats from the general public.

The report, based on evidence and testimony collected over the course of the past several months, alleges that Smith pressured officers to manipulate crime data. The committee released the report on Sunday, less than a week after Smith announced she was stepping down.  

DC crime stats have been under suspicion for many years, but suppression did not come to light until Donald Trump initiated a crackdown on DC crime, deploying the National Guard to the city leading to an immediate drop in reported violence.  DC police officials claimed that there was no crime problem, boasting of a 30-year-low in murders and assaults.  This claim is now under dispute after the House Oversight report.

The report’s key findings include:

1)  Chief Smith used a pressure campaign against staff which led to inaccurate crime data. Testimony from MPD commanders revealed that Chief Smith prioritized lowering publicly reported crime numbers over reducing actual crime, placing intense pressure on district commanders to produce low crime statistics by any means necessary.

2)  Commanders also testified that Chief Smith pushed for more frequent use of lesser, intermediate charges – which are not publicly reported – and required certain crimes to be reviewed by her office, actions that together amounted to manipulating crime data to present the illusion of lower crime in the District. 

3)  Chief Smith punished and removed officers for reporting accurate crime numbers and fostered a toxic culture. Commanders described a culture of fear and stated that Chief Smith propagated an ecosystem of retaliation and toxicity. Testimony reveals commanders were berated for reporting rising crime and faced retaliation.  

4)  D.C. crime statistics are still at risk of manipulation.  Crime classifications – which affect reported MPD crime data – have been and are still at risk of being artificially reduced to manipulate crime statistics at the expense of public safety, even after Chief Smith’s abrupt resignation. 

5)  MPD commanders also confirmed that President Trump’s federal law enforcement surge in D.C. has been effective in lowering crime.  

While Smith has not yet publicly responded to the report, she’s previously denied allegations of manipulating crime data, saying the investigation did not play a factor into her decision to step down at the end of the year.  Democrat Mayor Muriel Bowser also released a statement Monday, writing in part that “the interim report betrays its bias from the outset, admitting that it was rushed to release.”

This argument doesn’t address the damning testimony from transcribed interviews with the commanders of all seven D.C. patrol districts and a former commander currently on suspended leave.  The Democrat position is, as usual, that everyone else is lying and only they are telling the truth.  When faced with questions about the testimonies, Mayor Bowser asserted that the Police Chief’s “management style” was none of Congress’ business.  

This is the kind of blatant corruption that is suffocating many US cities.  

According to current crime stats from the Metropolitan Police Department, since Trump’s federal law enforcement surge started in August, total violent crime is down 26%. Homicides are down 12% and carjackings 37%.  

Tyler Durden
Tue, 12/16/2025 – 19:40

Trump Wants Tiny Cars In America: What To Know

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Trump Wants Tiny Cars In America: What To Know

Authored by Andrew Moran via The Epoch Times (emphasis ours),

Microcars could be driving on a street near you.

The affordability issue has also extended to the car market. At a time when the average price of a brand-new automobile is almost $50,000, the White House is seeking to offer motorists other affordable options.

Honda Motor’s new N-BOX mini-vehicles at the company’s headquarters in Tokyo on Aug. 31, 2017. Kazuhiro Nogi/AFP via Getty Images

Japan may have inspired President Donald Trump’s latest decision to allow U.S. manufacturers to produce tiny automobiles—also known as kei cars.

Administration Actions

Trump, speaking at a White House event on Dec. 3, expressed admiration for tiny cars after seeing them in Japan, comparing these models to the classic Volkswagen Beetle.

They’re very small; they’re really cute,” Trump told reporters. “And everyone seems to think they’re good, but you’re not allowed to build them.”

He confirmed that he authorized Transportation Secretary Sean Duffy to “immediately approve the production” of these smaller vehicles, which are common throughout Malaysia and South Korea.

So, you’ll be able to buy [them],” the president said.

In a Dec. 5 Truth Social post, Trump reiterated the charm of these miniature cars.

“Manufacturers have long wanted to do this, just like they are so successfully built in other countries. They can be propelled by gasoline, electric, or hybrid,” the president wrote.

“These cars of the very near future are inexpensive, safe, fuel efficient and, quite simply, amazing!!! Start building them now!”

In a Dec. 4 interview with CNBC’s “Squawk Box,” Duffy stated that if there is market support for low-cost microcars, he wants to afford U.S. manufacturers the opportunity to satisfy consumer demand.

While they might not be functional on freeways, the secretary noted that they could work in urban settings.

“If that’s where you drive, it could be a great solution for you,” he said. “And, by the way, much more affordable than other options that are on the market today.”

Terminating CAFE Standards

The president’s comments came as he moved to dismantle his predecessor’s fuel‑economy rules, formally scrapping the Biden administration’s Corporate Average Fuel Economy (CAFE) standards.

The original program required automakers to average 50.4 miles per gallon by 2031, but Trump’s rollback lowers the target to 34.5 miles per gallon over the next six years.

The White House estimates that the change will trim at least $1,000 from sticker prices and deliver about $109 billion in consumer savings over the next five years.

Driving a Kei Car

Emerging in the late 1940s and ‘50s, tiny automobiles—kei cars—were created to provide low-cost personal transportation during Japan’s postwar reconstruction. Their compact size suited the era’s infrastructure, when most roads were narrow, winding, and frequently unpaved.

The federal government does not explicitly ban Japanese-style microcars. However, regulatory exclusions effectively prevented automakers from producing these types of vehicles, forcing them to manufacture larger, heavier cars.

People cross a street under the hot sun in Tokyo on June 20, 2025. Kazuhiro Nogi/AFP via Getty Images

Since the 1970s, the United States has implemented modern federal crash-safety and highway-safety standards under the Federal Motor Vehicle Safety Standards. This includes airbags, crash-test performance, side-impact protection, and structural strength.

Kei cars—designed with small dimensions and engines—cannot comply with these standards without adding weight and size, ultimately undermining the very concept.

‘Game Changer’ for US Automakers

The president’s public support and policy actions regarding kei cars are a “game changer,” said Lauren Fix, a sector analyst and industry expert at Car Coach Reports.

“This is not an overnight process, but the tooling could be shipped to the U.S. and produced within a year,” Fix told The Epoch Times.

One automaker is already putting the pedal to the metal to see if Americans want smaller cars.

Chrysler parent Stellantis said on Dec. 8 that it will begin offering an all-electric small car called the Fiat Topolino—translated to “little mouse”—in the United States in 2026.

Fiat CEO Olivier François stopped short of providing more information, but he said in a statement that more details would be shared in 2026.

“The Fiat Topolino, our small, joyful, colorful car that is now everywhere in Europe, has made several appearances in the U.S. over the past year, including last month at the LA Auto Show, where it’s creating tremendous excitement among consumers,” François said in the statement.

So much so that I’m happy to share that we’ll be bringing the Fiat Topolino to the U.S., with more details to come next year.”

Trump’s enthusiasm for tiny cars, meanwhile, could also lead to savings for families, according to Fix.

Affordability Versus Market Demand

In Japan, brand-new gasoline-powered kei cars range from $8,000 to $14,000—electric alternatives can run as high as $27,800.

Stellantis sells the Topolino in Europe for approximately $11,500.

By comparison, the average transaction price of a new automobile in the United States is almost $50,000, according to Cox Automotive’s Kelley Blue Book report, released on Dec. 9.

But availability and cost may not be enough to entice motorists to hop into a kei car anytime soon.

Two in five Americans say an SUV or crossover is their primary vehicle, according to YouGov survey data—and that preference is reflected clearly in the country’s best-selling models.

The U.S. auto market remains dominated by SUVs and pickup trucks—sedans account for a smaller share of domestic sales. In the first seven months of 2025, the top-selling cars have been the Ford F-Series, Chevrolet Silverado, Toyota RAV4, Honda CR-V, and Ram Trucks’ pickup.

If there is market demand, models such as Toyota’s Hilux pickup truck or the Fiat Topolino could be hitting U.S. streets in the coming years.

Travis Gillmore contributed to this report

Tyler Durden
Tue, 12/16/2025 – 19:15

Nick Reiner Charged With Murdering His Parents

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Nick Reiner Charged With Murdering His Parents

Nick Reiner faces two counts of first-degree murder in the killing of his parents, actor-director Rob Reiner and his wife Michele Singer Reiner.

The Los Angeles District Attorney’s office announced the charges Tuesday after the Reiners’ son was arrested Sunday night and booked into jail Monday.

“These are some of the most serious charges a DA can bring against anyone,” LA District Attorney Nathan Hochman said at a press conference.

“Prosecuting these cases involving family members are some of the most challenging and most heart-wrenching cases that this office faces because of the intimate and often brutal nature of the crimes involved,” the prosecutor added.

The weekend stabbing deaths of the acclaimed actor-director, 78, and his wife, 70, stunned the Hollywood community, as well as residents of Brentwood, the wealthy Los Angeles enclave where they lived.

Their bodies were discovered Sunday.

As Zachary Stieber reports for The Epoch Times, Nick Reiner allegedly murdered his parents with a deadly weapon, or a knife, Los Angeles County District Attorney Nathan Hochman told reporters at a press conference. 

Hochman declined to say whether the weapon has been located.

Officials also declined to outline the time of death or how specifically they determined Nick Reiner killed Rob and Michele Reiner.

“He was found with good, solid police work,” Los Angeles Police Chief Jim McDonnell said during the briefing. He added that he would not talk about “what was found or anything that could potentially taint the investigation.”

More details will be presented during court hearings and filings in the future, Hochman and McDonnell said.

“The LAPD remains steadfast in our mission to protect life and uphold justice,” McDonnell said.

“We will continue to support the Reiner family to ensure that every step forward is taken with care and dignity.”

Alan Jackson, an attorney hired to represent Nick Reiner, did not respond to a request for comment. Jackson told reporters in Los Angeles earlier Tuesday that his client would not be appearing in court before Wednesday because he has not been medically cleared. 

“Hopefully he’ll be cleared tomorrow and we’ll get him here,” he said.

Prosecutors said Nick Reiner faces a sentence of life in prison without the possibility of parole if convicted, and they are still evaluating whether to seek the death penalty.

Nick Reiner is currently being held without bail.

Hochman indicated the case will be handled like other similar cases.

“This will proceed along the tracks that many of the first-degree murder cases proceed,” Hochman said.

“Do I anticipate it being particularly fast? No. I anticipate it being very thorough.” 

Police officers went to the home of Rob and Michele Reiner in Brentwood in west Los Angeles on Sunday afternoon after receiving a call from the Los Angeles Fire Department.

They determined a crime had occurred and called homicide detectives, McDonnell said. 

“It is with profound sorrow that we announce the tragic passing of Michele and Rob Reiner,“ family members said in a statement to media outlets. ”We are heartbroken by this sudden loss, and we ask for privacy during this unbelievably difficult time.”

Rob Reiner was a famous actor, director, and producer. Michele Reiner was a photographer. 

Rob Reiner made the 2016 film “Being Charlie” with Nick Reiner. They said that the movie, which features a man struggling with addiction and family problems, was inspired by experiences they went through. Nick Reiner has said he has at times been addicted to drugs and homeless. 

Officials said Tuesday that any past statements by Nick Reiner may be utilized in the case against him.

They also said that if there is any evidence of mental illness, it will emerge in court.

Tyler Durden
Tue, 12/16/2025 – 18:50

The Trauma Of Inflation Hits Hard In 2025

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The Trauma Of Inflation Hits Hard In 2025

Authored by Jeffrey Tucker via The Epoch Times,

Inflation is the most insidious tax because it is the least visible. If the taxman took 30 percent more of your income this year than six years ago, you would be in a state of fury. Inflation does the same thing but only leaves confusion and disorientation in its way, a sense that something is deeply wrong but with an explanation that is opaque and a bit abstract.

We blame high taxes on politicians. We are never entirely certain who precisely to blame for inflation. Part of the reason is that it is generated by a system with many moving parts. The core explanation is simple—paper money expansion—but the players involve central bankers, commercial bankers, bond dealers, legislatures, and the way that it plays out depends on contingent factors involving reserves and financial velocity.

We are left with a sense of rage against everything.

But this doesn’t happen immediately.

Recall that in 2021, Treasury Secretary Janet Yellen assured the country that the inflation was transitory. That sounded a bit like temporary, even if she did not say that. Many people heard that, and assumed that prices would go down in a matter of months.

That did not happen. Instead it got worse, reaching even double digits. Making matters worse, each inflation report was rendered by media as relatively good news. Inflation is “cooling,” they said, and is limited only to this sector or that, without which there would be no problem at all. This messaging continued for three years.

During that very time, there were moments in which we felt oddly prosperous because the Treasury Department was injecting newly created Fed money directly into our bank accounts. Many were staying home at that time, not really working. It seemed like magic: making money without working. It is always this way in the early parts of inflation. Life seems relatively good, at least not tremendously bad.

But then strange things started happening. Not all at once. Inflation hits random sectors and then disappears again, like a mold in the house that is there and then not. You keep wondering if it is in your imagination, not really a threat, just a one-time thing, and so on. Plus money is otherwise washing around everywhere, generating frenzied buying.

This sloshing effect of new inflations keeps going, hitting in unexpected ways. It’s plywood. Then it goes away. It’s gas. Then it’s gone. Then it’s eggs but that comes and goes. Then it hits services, which you only notice because you happen to need your car repaired. It is hidden until accidentally revealed in an unexpected health-care purchase and so on. At every stage, it is getting better in one sector and worse in another.

The point at which it becomes obvious that a massive devaluation is taking place is uncertain. Eventually, however, the reality dawns on everyone. We’ve all been robbed even though we never saw the thief or even noticed that the property was missing. Every inflation in history has worked this way, which is why governments have long resorted to money printing when taxes are too dangerous for political stability.

The inflation of 2021–2024 has its origin in the year before it showed up in prices. The pandemic response was the reason for the sudden shift from monetary tightening to monetary loosening. Such a wild printing mania has not been experienced in our lifetimes in the United States. It was also repeated in most parts of the world, causing essentially a global inflation.

No need to wonder why everyone is so upset these days about affordability and why it has become the central issue. It’s mostly because of the devaluation that took place during the pandemic. Yes, tariffs have contributed to the problem mostly by adding a pricing floor that includes compliance costs. That said, tariffs are not driving the problem even if they are not helping it.

The lingering effects are everywhere in 2025. Even as headline inflation hovers around 3 percent—higher than the Federal Reserve’s target but spun as “moderating”—the cumulative damage from those pandemic-era money floods is baked in. Prices aren’t falling back; they’re just rising more slowly. Your grocery bill is still 20–25 percent higher than in 2019, housing costs have ballooned, and everyday services feel like luxuries.

Affordability is the central grievance, not some transient blip. This has uncertain political impacts, but it certainly does not help that Donald Trump declared his Golden Age prematurely, just about the time that the trauma of the previous four years was just settling in.

Shelter costs, the biggest chunk of most budgets, have been stubbornly high and continue to rise by 3–4 percent in many reports. The pandemic lockdowns crushed new construction, supply chains lingered in disarray, and then the money printing bid up asset prices. The result is that a median home now requires an income far beyond what most young families earn. First-time buyers are sidelined, renting forever, or moving to less desirable areas.

It’s not just numbers; it’s delayed marriages, fewer children, shattered dreams of independence.

Food tells a similar story. Eggs, meat, dairy—the basics—spiked erratically, then settled at elevated plateaus. Energy prices fluctuated with global events and policy shifts, but gasoline and utilities never returned to pre-2021 levels. Add in tariffs and you get upward pressure on goods from apparel to electronics.

Today’s officials can call this all a hoax or transitory but families live in the real world. One month it’s heating bills, the next childcare or car insurance.

Inflation doesn’t just erode wealth. It erodes trust. People sense they’re working harder for less, savings vanishing into thin air, rewards from labor diluted by invisible forces. And what is the Fed doing about the problem? The answer is not good: it is lowering rates. Let there be no mystery. This is quantitative easing by another name. It risks another full wave, which is a terrifying prospect. Congress isn’t helping by its continued spending frenzies. And now we are seeing a virtual merging of the Treasury Department and the Federal Reserve. This can only end in making the problem worse, unless we get very lucky.

The problem comes down to this. Sound money is great and even essential for the people. But it is never good for government or debt-addicted financial markets. Governments and borrowers generally love inflation for the same reason they once loved debasing coins: it funds spending without overt taxes, and pays down debt in cheaper dollars. But the bill arrives eventually for everyone else. The results are social unrest, lost productivity, and misallocated capital.

In 2025, the trauma of inflation manifests in quiet desperation: skipped doctor visits, cheaper (less healthy) food, delayed retirements. It’s not hyperinflation but a slow grind that normalizes hardship. The thief got away, leaving us poorer, more divided, less hopeful. Until we confront the root, the hits will keep coming, random and relentless, until the system itself cries uncle.

Meanwhile, for most people, the golden age feels more like the coins in our pocket: scrap metal refashioned to look like something they are not.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden
Tue, 12/16/2025 – 18:25

Does The Bondi Beach Massacre Prove Liberal Governments Love Mass Shootings?

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Does The Bondi Beach Massacre Prove Liberal Governments Love Mass Shootings?

If there is one thing that leftist politicians are proficient at (or at the very least consistent at), it’s the exploitation of tragedies to push forward their agendas.  One of those agendas is the complete disarmament of law abiding citizens so that they no longer have the means to defend themselves against criminals, terrorists or authoritarian governments.  Another agenda is the demonization of conservatives to the point that their mere existence is labeled a “threat to democracy.”  

Without fail, anytime there is a mass shooting event or an assassination leftist officials and the media immediately jump to the accusation that the “right wing” must somehow be involved.  If there’s no evidence of such involvement, they simply lie and accuse conservatives anyway (as we witnessed with the assassination of Charlie Kirk).  

Furthermore, the true culprits and causes are often glossed over or buried if they are inconvenient to the establishment narrative.  For example, multiple mass murder events in Europe involving Islamic terrorists driving cars and trucks into crowds are invariably tossed down the memory hole and rarely spoken of again.  Addressing the cause – mass immigration from third world countries – is admonished as racist or xenophobic. 

Liberals love mass shootings most of all, and the latest shooting at Bondi Beach in Australia is a perfect example.  They have an extensive playbook ready to go in case their is an active shooter event and they follow it like clockwork.  Here’s how they operate…

Hide The Identities Of The Shooters (Unless They Are White, Conservative And Straight)

Liberal officials and left wing media will seek to suppress the identity details of the killers for as long as realistically possible if the culprits are minorities, immigrants, Muslims, LGBT or left wing activists.  

Social media histories are swiftly erased, leaving the public with only tiny crumbs of evidence.  Amateur sleuths are ridiculed when they find the truth, until the truth is officially admitted.  Manifestos are censored and restricted until years later. 

Unless, of course, the culprits are white, straight males, and then all of the information is released like a flood onto the internet.  Media stories will talk about the attack for weeks or months, reiterating the “dangers” of right wing ideology.  In other words, if the killers have the right politics, sexual orientation, religion or skin color, they are protected from mainstream scrutiny. 

In the case of the Bondi Beach shooters, the fact that they are Muslim migrants of Pakistani origin is being incessantly ignored.  Instead, the media initially pumped out hero stories about a Muslim man who tackled one of the shooters while refusing to identify the gunmen.

Blame The Victims If They Are Inconvenient (Ignore The Ideology Of The Killers)

When Charlie Kirk was murdered, the media and leftist politicians quickly blamed none other than Charlie Kirk for his own death.  Their claim was that his “rhetoric incited violence” and they asserted that it was “karmic justice” that a man who defended gun rights was killed by a gun.  They also lied and claimed the shooter was MAGA.  

Their message was clear (and insane):  If you support gun rights, we have the right to shoot you.  This mentality only convinces conservatives that they are correct to keep their guns, for what else is keeping the far-left from killing them all?  The political left sought to bury the actual ideological drive of the prime suspect in the Charlie Kirk murder; a far-leftist who engaged in a homosexual relationship with a transgender partner. 

When trans-shooter Audrey Hale shot up a Christian school, a large number of leftists argued that she was justified because the school was a “symbol of trans genocide”.  Meaning, in their view, the existence of Christians who oppose transgender ideology are all guilty and deserve to die.  Authorities under Joe Biden refused to release Hale’s full manifesto to the public.  

In the case of Bondi Beach, political leaders are trying to associate the shooting with “right wing extremism” even though the shooters were both Muslim migrants.  There’s also little doubt that numerous leftists will take to social media to blame the mostly Jewish victims because “Gaza is a thing.”  The victims only matter if they are not currently on the enemies list of the leftist hierarchy.   

Blame The Existence Of Guns (Punish Law Abiding Citizens Whenever Criminals Kill With Firearms)

Australia already has some of the most strict gun laws in the western world.  Only 3.4% of Australians have been able to get the approval for gun licenses necessary to purchase firearms and the types of firearms they are allowed to buy are heavily controlled (the vast majority of firearms in civilian hands are shotguns and bolt action hunting rifles).   

Keep in mind that Australia has a population smaller than the state of Texas with 11 times the amount of land.  Most of Australia is a wilderness where firearms are often necessary (though, necessity should not matter to gun rights).  The percentage of legal gun owners who commit gun crimes in Australia is less than 0.01%, yet, the leftist Australian government is already seeking to restrict the rights of good people even further. 

This simply shows that the government is on the side of criminals and not on the side of law abiding people.  The use of mass punishment any time there is a shooting crime indicates an agenda of total disarmament.  Politicians do not care about the murder victims or the true cause, they only want to use the event as a vehicle to further disarm the citizenry.  

Tyler Durden
Tue, 12/16/2025 – 18:00

Trump Considering Executive Order To Reclassify Marijuana

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Trump Considering Executive Order To Reclassify Marijuana

Authored by Jacob Burg via The Epoch Times (emphasis ours),

President Donald Trump said on Dec. 15 that he’s considering an executive order to reclassify marijuana out of Schedule I of the Controlled Substances Act (CSA), a category reserved for drugs deemed to have no medical value and a high potential for abuse.

A marijuana grow site in California’s Mendocino County on Oct. 9, 2025. John Fredricks/The Epoch Times

The president was asked about the plan during a ceremony at the White House on Monday, presenting the Mexican Border Defense Medal, which recognizes service members deployed to the U.S.-Mexico Border.

“We are considering that,” the president said. “Because a lot of people want to see the reclassification, because it leads to tremendous amounts of research that can’t be done unless you reclassify. So we are looking at that very strongly.”

A review process started by President Joe Biden in 2022 could reclassify marijuana as a Schedule III drug, but if finalized, it would not legalize or decriminalize the drug.

Trump told reporters in August that his administration was “looking at reclassification,” but that a determination would not come until later.

“We’re looking at it. Some people like it. Some people hate it. Some people hate the whole concept of marijuana, because if it does bad for the children, it does bad for people that are older than children,” Trump said. “But we’re looking at reclassification, and we’ll make a determination over the next, I would say, over the next few weeks, and that determination, hopefully, will be the right one.”

The president added that marijuana is a “very complicated subject” and that he believes the plant has done great things in the medical field, even if there are “bad things having to do with just about everything else but medical.”

“For pain and various things, I’ve heard some pretty good things, but for other things, I’ve heard some pretty bad things,” Trump said.

Picking Up Where Biden Left Off

If the president proceeds with the executive order, it could mean picking up where his predecessor left off, as it wasn’t clear if the federal government would proceed with reclassifying marijuana as a Schedule III substance after Biden urged the Department of Health and Human Services (HHS) to review the drug’s status in 2022.

Once the agency completed its review in 2023 and considered recommendations from the Food and Drug Administration (FDA), HHS endorsed moving marijuana to Schedule III.

Biden’s Justice Department followed suit in May 2024 and announced it was formally moving to reclassify marijuana out of Schedule I, which requires directing the Drug Enforcement Administration (DEA) to change its classification status.

However, after the Democratic Party lost control of the executive branch in last year’s election, it was uncertain if the Justice Department and DEA would continue the process of moving marijuana into Schedule III with widely used medications, such as anabolic steroids, testosterone, and ketamine.

Schedule I, by contrast, is reserved for drugs with no “currently accepted medical use and a high potential for abuse,” including LSD, ecstasy or MDMA, and heroin.

Supporters of reclassifying marijuana point out the decades of anecdotal reports of its medical benefits treating ailments like insomnia, anxiety, and pain, but recent research has called into question the plant’s efficacy for treating non-neuropathic pain, according to the Centers for Disease Control and Prevention.

However, some of the compounds found in the plant—known as cannabinoids—have led to the creation of new FDA-approved drugs, including Epidiolex, made from cannabidiol, or CBD, which treats severe childhood epilepsy.

“These kids have seizures maybe 100 times a day, and this drug can reduce the number of seizures and, in a small percentage, abolish the seizures,” Kent Vrana, director of the Penn State Center for Cannabis and Natural Product Pharmaceuticals, said during a university Q&A in August.

A poll released in March by Fabrizio, Lee, & Associates found that 72 percent of all voters, and 67 percent of Republican voters, support moving marijuana from Schedule I to Schedule III.

Legal Implications

Putting marijuana in a different category of the Controlled Substances Act does not legalize or decriminalize the plant, but it can ease red tape on legal markets in states with recreational or medical marijuana laws.

Some banks refuse to do business with companies in the industry because marijuana is still a Schedule I substance at the federal level.

Additionally, marijuana being on Schedule I has made it difficult for universities and organizations to conduct authorized clinical studies that involve giving the drug to participants, sometimes relying on self-reported experiences with the drug that are less empirically rigorous for medical research, according to Vrana.

“I can only get cannabis and cannabinoids from a handful of federally approved sources,” he said in August, adding that it puts the university’s funding at risk.

“It makes it harder for us to conduct clinical trials that would help us better understand the potential benefits—and harms—of cannabis.”

Tyler Durden
Tue, 12/16/2025 – 17:40

FBI Agents Thought Clinton’s Uranium One Deal Might Be Criminal – But McCabe, Yates Stonewalled Investigation: Report

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FBI Agents Thought Clinton’s Uranium One Deal Might Be Criminal – But McCabe, Yates Stonewalled Investigation: Report

Remember Uranium One? The massive 2010 sale of US uranium deposits to Russia approved by Hillary Clinton and rubber-stamped by the Committee on Foreign Investment in the United States (CFIUS) – after figures linked to the deal donated to the Clinton Foundation?

Turns out rank-and-file FBI investigators thought there was enough smoke to launch a criminal investigation, but internal delays and disagreements within the DOJ and FBI ultimately caused the inquiry to lapse, newly released records reveal. 

The materials, made public by Senate Judiciary Committee Chairman Chuck Grassley (R-IA) and first reported by Just the News, reveal that investigators argued internally over the delays – which allowed the statute-of-limitations to expire and ultimately halt the case.

The Uranium One transaction – involving the sale of a Canadian mining company with substantial U.S. uranium assets to Russia’s state-owned nuclear firm Rosatom – became a flashpoint during Hillary Clinton’s 2016 presidential campaign. Critics argued that then-Secretary of State Clinton, a member of CFIUS, helped approve the deal while donors connected to Uranium One made large contributions to the Clinton Foundation.

The New York Times reported in 2015 that “as the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013 … a flow of cash made its way to the Clinton Foundation. Uranium One’s chairman used his family foundation to make four donations totaling $2.35 million. Those contributions were not publicly disclosed by the Clintons, despite an agreement Mrs. Clinton had struck with the Obama White House to publicly identify all donors. Other people with ties to the company made donations as well.”

“And shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. [Bill] Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock,” the Times reported. “At the time, both Rosatom and the United States government made promises intended to ease concerns about ceding control of the company’s assets to the Russians. Those promises have been repeatedly broken, records show.” -Just the News

Resistance from senior officials – including then-Deputy Attorney General Sally Yates and then-FBI Deputy Director Andrew McCabeslowed the inquiry to the point where statute-of-limitations concerns were later cited to justify shutting it down.

Investigators disputed statute-of-limitations claims

Thanks to Grassley we now have a newly declassified FBI investigative timeline surround the deal, as agents in multiple field offices opened inquiries in early 2016 examining the Clinton Foundation’s intersection with the Uranium One deal. The Little Rock field office initiated a full field investigation, while New York and Washington opened preliminary investigations.

Internal records show that agents and prosecutors continued to debate whether the investigation was time-barred. Jonathan Ross, then First Assistant U.S. Attorney for the Eastern District of Virginia, argued in a 2018 email that “there is no legal barrier in continuing the present investigation.” Ross has served as U.S. Attorney in Arkansas since 2022.

Then-U.S. Attorney Cody Hiland of Arkansas echoed that view in a separate email to then-U.S. Attorney John Huber of Utah, stating that the team did not believe the case was barred by statute of limitations because payments to the Clinton Foundation “were made continuously from 2007 through 2014.”

The FBI timeline also noted that statute-of-limitations arguments “failed to include whether Acts of Concealment such as deleting emails in 2015” could have extended the filing window. Investigators pointed to possible statutes including the Racketeer Influenced and Corrupt Organizations (RICO) Act, major fraud against the United States, bank fraud, and the Wartime Suspension of Statute of Limitations Act.

Despite those arguments, senior DOJ officials expressed growing reluctance to proceed. In late 2016, then-U.S. Attorney Robert Capers and then-Criminal Chief James Gatta raised concerns about potential statute-of-limitations issues and urged moving on from the case.

Internal emails show morale collapse among agents

The records reveal frustration among investigators who believed conflicting legal guidance undermined their authority to continue the probe. Hiland wrote in June 2018 that an email circulated by then-First Assistant U.S. Attorney Patrick Harris, asserting that the statute of limitations expired on Feb. 1, 2018, “cast a permanent pall over the local agents’ attitude” toward the investigation.

Ross later disputed Harris’s conclusion, writing that Harris was unaware of 18 U.S.C. § 3287 when issuing his assessment. Ross warned that agents’ confidence had been damaged and urged additional resources or reassignment of the case to a new investigative team.

The timeline indicates that prosecutors believed additional interviews and investigative steps remained unfinished, including questioning Uranium One executives, foreign nationals, State Department officials involved in the CFIUS vote, and Department of Energy personnel who approved export authorizations after the deal closed.

Political scrutiny and congressional oversight

The Uranium One deal drew sustained attention from Congress. In 2010, Sen. John Barrasso (R-WY) warned that the transaction would give Russia control over a sizable share of U.S. uranium production capacity. Grassley repeatedly pressed DOJ officials to examine whether donations to the Clinton Foundation influenced the CFIUS process.

The Hill reported in 2017 that the FBI had gathered evidence as early as 2009 that Russian nuclear officials engaged in bribery, kickbacks, and money laundering connected to U.S. uranium interests. That reporting cited a confidential U.S. witness and financial records tied to the Russian nuclear industry.

Attorney General Jeff Sessions later tasked Huber with reviewing the Uranium One matter in 2017, but did not appoint a special counsel. By early 2020, reports indicated that Huber’s effort was winding down. Special Counsel John Durham later stated that his mandate did not include Uranium One.

Fallout continues amid uranium supply concerns

The release of the FBI records comes as U.S. reliance on Russian-sourced uranium remains a national security concern. Russia accounted for roughly 20% of U.S. enriched uranium supplies in 2024, according to the Energy Information Administration, down from prior years.

Congress banned Russian uranium imports following Moscow’s invasion of Ukraine, but experts have warned that decades-old policy decisions left the United States vulnerable.

The newly released documents suggest that the circumstances surrounding Uranium One were never fully investigated, leaving unresolved questions about how a strategic U.S. asset came under Russian control – and whether potential criminal conduct went unexamined due to internal delays and legal disputes.

Travis
Tue, 12/16/2025 – 17:20

FDA Not Adding ‘Black Box’ Warning To COVID-19 Vaccines: Commissioner

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FDA Not Adding ‘Black Box’ Warning To COVID-19 Vaccines: Commissioner

Authored by Zachary Stieber via The Epoch Times,

The Food and Drug Administration is not adding “black box” warnings to COVID-19 vaccines, even though an agency center recommended it, FDA commissioner Dr. Marty Makary said on Dec. 15

“When it comes to the ‘black box’ warning, we have no plans to put that on the COVID vaccine,” Makary said during an appearance on Bloomberg Television.

Black box warnings are the highest safety-related warnings that FDA officials can place on products. Scenarios warranting their usage include when there is an adverse reaction so serious that it is “essential that it be considered in assessing the risks and benefits of using the drug” or when there is a serious adverse reaction that can be prevented or reduced by appropriate use of the drug, according to FDA documents.

The announcement comes several weeks after FDA officials reported deaths of children following COVID-19 vaccination and concluded that at least 10 deaths were related to the vaccines, according to a November memorandum obtained by The Epoch Times. The review, which included looking at autopsies, has been broadened to other age groups.

The announcement also came several months after regulators updated language on the vaccine labels for a form of heart inflammation called myocarditis. The inflammation was discovered after the FDA first authorized COVID-19 vaccines in December 2020. The updated labels state that the highest observed risk of myocarditis was among young males aged 12 to 24 after receipt of vaccines from Pfizer-BioNTech and Moderna.

Makary said Monday that an FDA safety and epidemiology center did recommend adding a black box warning to the COVID-19 vaccines, and indicated the recommendation stemmed from the risk of myocarditis.

But, he said, Dr. Vinay Prasad, the agency’s top vaccine official, and other FDA leaders opted against accepting the recommendation because the dosage people are receiving has changed from the original two doses within weeks or months of each other.

“When you have those two doses three months apart, that’s when you see the side effects go way up, like myocarditis in young people,” Makary said on Bloomberg.

“Now that it’s annual, you may not see that same prevalence. So we don’t want to extrapolate findings to today if it’s not transferable.”

COVID-19 vaccines had been cleared and recommended for virtually all Americans until Trump administration officials took a series of steps to narrow the clearance and recommendations. They are now only advised on an annual basis after consulting with a health care professional and taking into account various factors, including whether people have characteristics such as obesity that could put them at higher risk of severe problems if they contract COVID-19.

Moderna and Pfizer have said their vaccines protect people and have favorable safety profiles, a position also held by some groups such as the American Academy of Pediatrics.

The academy counts Pfizer and Moderna among its partners.

Other experts and advocates have called for the removal of COVID-19 vaccines.

Dr. Robert Redfield, former director of the Centers for Disease Control and Prevention, recently told The Epoch Times that clearance for them should be withdrawn because the spike protein they deliver is immunotoxic, and that he would not be surprised if, after the FDA finished its investigation, regulators placed a black box on the shots.

Tyler Durden
Tue, 12/16/2025 – 17:00

Pew Research’s ‘Most Striking’ Findings From 2025

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Pew Research’s ‘Most Striking’ Findings From 2025

Authored by Anna Jackson and Jenn Hatfield via PewResearch.org,

As we do every year, we’ve gathered data around some of the most pivotal news stories of 2025, including President Donald Trump’s return to the White House, the changing U.S. immigration landscape and the rapid rise of artificial intelligence worldwide.

Here’s a look back at 2025 through 12 of Pew Research Center’s most striking research findings.

After more than 50 years of rapid growth, the number of immigrants living in the United States is on the decline. In January 2025, there were 53.3 million immigrants in the U.S., making up close to 16% of the country’s population. Both the number and the share were record highs. But by June 2025, the nation’s immigrant population decreased by more than a million, to 51.9 million. That decline has likely continued since, due to deportations, voluntary departures and fewer new arrivals.

Most immigrants are in the U.S. legally. As of 2023, 73% were either naturalized American citizens, lawful permanent residents or temporary lawful residents. The remaining 27% were unauthorized immigrants.

Views of the U.S. have worsened – and views of China have improved – across many of the 10 high-income countries we surveyed this year. Across these countries, a median of 35% of adults now say they have a favorable opinion of the U.S., while 32% say the same about China. These shares are the closest they’ve been since 2018.

There is a similar pattern when it comes to confidence in U.S. and Chinese leaders to do the right thing regarding world affairs. A median of 22% of adults in the 10 high-income countries surveyed have confidence in Trump, while 24% express confidence in Chinese President Xi Jinping. Their median confidence in former U.S. President Joe Biden was consistently higher than their confidence in Xi.

Seven-in-ten Americans now say the U.S. higher education system is generally going in the wrong direction – up from 56% in 2020. Views of the nation’s colleges and universities have turned more negative among Republicans and Democrats alike. (In this analysis, Republicans and Democrats include independents who lean toward each party.)

Many Americans give these institutions broadly negative ratings in specific areas. For example, 79% of U.S. adults say colleges are doing an only fair or poor job of keeping tuition costs affordable, and 55% say this about preparing students for jobs in today’s economy.

Americans have grown more critical of the widespread legalization of sports betting, and this is especially the case among young men.

Overall, 43% of U.S. adults say the fact that sports betting is now legal in much of the country is a bad thing for society, up from 34% in 2022. And 40% say it’s a bad thing for sports, up from 33%.

One of the biggest shifts in attitudes has occurred among men under 30. In this group, 47% say legal sports betting is a bad thing for society, an increase from 22% in 2022. For women under 30, the shift is smaller: 35% now see legal sports betting as bad for society, up from 25%.

A substantial share of men under 30 (36%) also say they have personally placed a sports bet in the past year.

Around seven-in-ten Americans (69%) say Trump is trying to exert more power than his predecessors, according to a Center survey from September.

Most of those who say this view it as a bad thing for the country. Overall, 49% of U.S. adults say Trump is trying to exercise more presidential power than previous presidents and that this is bad for the country.

Democrats overwhelmingly say Trump is trying to exert more executive power and that this is bad (83%). Republicans are more divided: About half (49%) say Trump is trying to exert more power, and among those who say this, more say it’s good for the country than say it’s bad.

majority of parents with a child under 2 say their child watches videos on YouTube. Some 62% of parents with a child under 2 say their child ever does this, up from 45% in 2020.

A growing share of parents with a child under 2 also say their child watches YouTube videos daily: 35% say this, up from 24% five years ago. Daily use is also up among kids ages 2 to 4, according to their parents (51%, up from 38%). But it’s stable among children in other age groups.

Google users who encounter a Google AI Overview are about half as likely as users who don’t to click on search results. Users who landed on a Google search page with an AI summary clicked on a search result 8% of the time. Those who did not encounter an AI summary clicked on a search result 15% of the time, according to our analysis of data from U.S. adults who agreed to share their March 2025 web browsing activity.

People who encountered the summaries – which Google introduced in 2024 – very rarely clicked on the sources cited, and they were more likely than those who didn’t see summaries to end their browsing session entirely.

Republicans have become much less likely to say healthy children should be required to get the measles, mumps and rubella (MMR) vaccine to attend public school. Around half of Republicans (52%) now hold this view, down significantly from 79% in 2019. The share of Democrats who support school MMR requirements (86%) has not changed.

Our broader survey on childhood vaccines found that Republicans are divided over some aspects of vaccine safety. For instance, 32% of Republicans are highly confident that the childhood vaccine schedule is safe, while 31% are not too or not at all confident. A 71% majority of Democrats are highly confident.

Partisans differ sharply on which news sources they trust, especially when it comes to Fox News and CNN. More than half of Republicans (56%) say they trust Fox News, but 64% of Democrats say they distrust it. The reverse is true for CNN: 58% of Democrats trust it, while the same share of Republicans distrust it.

Fox News stands out among the 30 news sources we asked about because it is the only one that a majority of Republicans trust. Democrats tend to trust a much broader range of sources.

For the first time in nearly two decades of our national surveys of U.S. Hispanics, most say Hispanics’ situation in the country has worsened over the past year. About seven-in-ten Latinos (68%) now express this view, up sharply from 26% in 2021 during the Biden administration and 39% in 2019 during the first Trump administration. In the most recent survey, 9% of Latinos say their group’s situation is better than it was a year ago, and 22% say it’s about the same.

About a third of Latinos (32%) also say they’ve recently thought about moving to another country. Among those who have considered this, the most commonly cited reason is the political situation in the U.S.

Sub-Saharan Africa is now home to more Christians than any other world region, surpassing Europe. As of 2020, about 31% of the world’s Christians live in sub-Saharan Africa, while 22% live in Europe. This change has been fueled by Africa’s much higher fertility rates, but also by widespread disaffiliation from Christianity in Western Europe.

Christianity remains the world’s largest religion. But Islam was the fastest-growing religion between 2010 and 2020, among the seven groups Pew Research Center has measured globally over time. The global Muslim population increased by 347 million people during that span (to 2.0 billion), while the Christian population grew by 122 million (to 2.3 billion).

Americans are far more pessimistic than optimistic about the effect AI will have on human creativity and connection. About half (53%) say AI will worsen people’s ability to think creatively, while 16% say it will improve this. And 50% say it will worsen people’s ability to form meaningful relationships with others, while only 5% say it will make this better.

As generative AI technology continues to improve, most Americans (76%) say it’s extremely or very important for them to be able to distinguish between content made by AI and by people. But 53% are not too or not at all confident that they can personally tell the difference; just 12% are highly confident.

*  *  *

This is just a small slice of the Center’s research publications this year.

Tyler Durden
Tue, 12/16/2025 – 16:20