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New NTSB Images Show Moment UPS Air Freighter’s Engine Ripped Off On Takeoff

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New NTSB Images Show Moment UPS Air Freighter’s Engine Ripped Off On Takeoff

Investigators with the National Transportation Safety Board have released frame-by-frame images showing the left engine of the UPS McDonnell Douglas MD-11F freighter separating from the aircraft during a straight-out departure earlier this month in Louisville, leading to a horrific crash.

NTSB’s preliminary report showed the left engine (No. 1) and entire pylon assembly tore away from the wing immediately after rotation, igniting into a massive fireball.

With the wing on fire, the air freighter managed only about 30 feet AGL before losing lift. It cleared the blast fence on Runway 17 Right at Louisville Muhammad Ali International Airport but struck the roof of a UPS warehouse with its left main gear, then crashed into a nearby industrial park.

In total, three pilots died and 11 people on the ground. Twenty-three others on the ground were injured.

UPS has since grounded all MD-11 air freighters operating in its fleet. The Federal Aviation Administration issued emergency directives grounding all MD-11/MD-11F and later DC-10 series aircraft pending inspection due to a similar wing design.

The NTSB pointed back to a similar crash in 1979 when American Airlines Flight 191, a DC-10, experienced a catastrophic engine-pylon separation on takeoff.

*  *  * GRAB A MULTITOOL! (Christmas is right around the corner… maybe get a few for the volume discount)

Tyler Durden
Thu, 11/20/2025 – 15:05

$1.2 Billion Suspicious Epstein Transactions? Wyden Demands Investigation After JP Morgan Failed To Report For Years

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$1.2 Billion Suspicious Epstein Transactions? Wyden Demands Investigation After JP Morgan Failed To Report For Years

Now that we’re making progress on Epstein – after President Trump and Mike Johnson were forced to cave under overwhelming pressure for DOJ disclosure – a logical next step is to look into who was funding the notorious sex-trafficker. 

Jeffrey Epstein, former Barclays / JP Morgan exec Jes Staley

On Thursday morning, Sen. Ron Wyden (D-OR) called for an investigation into whether JPMorgan Chase deliberately concealed suspicious transactions by Epstein. 

You really just need to look at Exhibit A in Wyden’s memo (dated Wednesday) based on unsealed court records: the number of transactions flagged as suspicious between 2002 – 2016, vs. a flurry of almost $1.3 billion in suspicious transactions that the bank scrambled to file right after Epstein died in jail awaiting trial. 

Wyden writes: 

The unsealed court records include copies of SARs that JPMC filed on Epstein’s accounts between 2002 and 2019. Between 2002 and 2016, JPMC filed 7 SARs flagging only $4.3 million in suspicious transactions from Epstein’s accounts.¹ Only after Epstein was arrested on federal sex trafficking charges did JPMC report the full extent of Epstein’s suspicious financial activity. In August and September of 2019, JPMC filed two SARs flagging more than 5,000 suspicious wire transfers moving approximately $1.3 billion in and out of Epstein’s accounts.² This is the strongest evidence yet that JPMC should face an investigation for failure to appropriately monitor and report Epstein’s financial activity.

According to internal bank emails, JPMorgan may have held off on filing the SARs (suspicious activity reports) because it wanted “to continue working with Epstein,” who was a great source of referrals despite firing him as a client in 2013, the report found.

The bank said in late October that “it was flagging about 4,700 transactions, totaling more than $1 billion, because they were potentially related to reports of human trafficking involving Mr. Epstein. It also mentioned Mr. Epstein’s wire transfers to Russian banks and sensitivities around “his relationships with two U.S. presidents.” Mr. Epstein at times was close with President Trump and former President Bill Clinton,” according to the NYT.

Wyden said in a statement that it was “clear that JPMorgan Chase ought to face criminal investigation for the way it enabled Epstein’s horrific crimes,” and that both Congress and the DOJ should investigate the bank – which has repeatedly issued statements of regret for working with Epstein, and claims it did all it could with the information it had at the time.

“The second the government finally made public the sex trafficking details in 2019 — information they clearly had for years — we identified for law enforcement a range of Epstein’s past transactions intended to assist with the investigation,” said bank spokeswoman Patricia Wexler on Thursday. 

Will Wyden actually follow the money?

Related:

The Overlooked Shell Company Operated By Epstein’s Accomplices

Epstein’s Inbox Lays Out Gift Networks, PR Tactics, And Strange Habits

Revelation Of Epstein Investment Tied To Peter Thiel Adds To Growing Concerns About Palantir

Victoria’s Secret Boss Wexner Swears He Didn’t Know About Epstein Penchant For Pedophilia

Tyler Durden
Thu, 11/20/2025 – 14:25

5 Plead Guilty In First Antifa Terrorism Case Relating To Texas Detention Center Attack

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5 Plead Guilty In First Antifa Terrorism Case Relating To Texas Detention Center Attack

Authored by Kimberley Hayek via The Epoch Times,

Five people pleaded guilty on Nov. 19 to terrorism-related charges after facing accusations of supporting Antifa in a July shooting that wounded a police officer outside a Texas immigration detention center.

The Justice Department prosecution followed President Donald Trump’s executive order designating Antifa as a domestic terrorist organization. Antifa, short for “anti-fascists,” is a militant group that functioned as the violent arm of the communist party in Germany, giving the modern Antifa movement its nickname and symbols that are still in use today.

FBI Director Kash Patel described the Texas charges as the first time that material support to terrorism has been applied to Antifa. The incident took place on July 4 outside the Prairieland Detention Center near Dallas. Prosecutors allege a “North Texas antifa cell” attacked the facility with gunfire and fireworks.

Nathan Baumann, 20; Joy Gibson, 30; Seth Sikes, 22; Lynette Sharp, 57; and John Thomas, 32, each entered guilty pleas to one count of providing material support to terrorists during a hearing in federal court in Fort Worth. They each face up to 15 years in prison.

Erin Kelley, an attorney for Sharp, told The Associated Press the plea was just one “step one in a long process” before the final sentence is determined.

Attorneys for the other defendants couldn’t be reached.

Proceedings against other suspects involved in the shooting remain ongoing. A federal grand jury recently indicted nine additional individuals on charges such as rioting, using explosives, obstruction, and the attempted murder of federal officers.

Those indicted are Cameron Arnold (also known as Autumn Hill), Zachary Evetts, Benjamin Song, Savanna Batten, Bradford Morris (also known as Meagan Morris), Maricela Rueda, Elizabeth Soto, Ines Soto, and Daniel Rolando Sanchez-Estrada. Their arraignments are scheduled for next month.

Court documents lay out a tumultuous scene at the detention center, a facility used by U.S. Immigration and Customs Enforcement (ICE) to hold individuals awaiting deportation.

Prosecutors allege group members clad in “black bloc” attire—dark clothing and face coverings—arrived late at night. They allegedly vandalized vehicles, a guard shack, and a security camera, as well as launched fireworks at the building.

As an Alvarado Police Department officer responded to a 911 call from correctional staff, one suspect reportedly yelled “get to the rifles” ahead of opening fire, striking the officer in the neck area. The wounded officer fell but shot back. Additional rounds were then shot at the injured officer and an unarmed Department of Homeland Security (DHS) correctional officer, who was seeking cover.

Gibson, Baumann, and Sikes were arrested in the near vicinity shortly after the attack. Sharp and Thomas are accused of assisting the main shooter evade capture until July 15.

The group allegedly acquired over 50 firearms in the Dallas-Fort Worth area ahead of the incident and used encrypted messaging apps with auto-delete features to coordinate the operation, including reconnaissance and discussions on supplies, such as medical kits and explosives.

The indictment alleged that Song was a group leader who distributed weapons and recruited members at gun ranges, combat training sessions, and from ideologically similar groups. Some defendants, such as the Sotos and Batten, are allegedly tied to producing “zines”—insurrectionary pamphlets promoting anti-government and anti-ICE ideas.

Defense attorney Patrick McLain, representing Evetts, stated there is “no evidence that such an organization [as a North Texas antifa cell] ever existed” and that his client is not affiliated with any such group.

Acting U.S. Attorney Nancy E. Larson praised the investigation involving the FBI, ICE, ATF, Texas Department of Public Safety, Alvarado Police, and Johnson County Sheriff’s Office.

“This is the first indictment in the country against a group of violent antifa cell members,” she said in a statement, reaffirming a commitment to safeguarding federal facilities from “organized domestic terrorist cells.”

If convicted on the more severe charges, some defendants face life imprisonment. Others could receive sentences up to 50 years.

Tyler Durden
Thu, 11/20/2025 – 14:00

BitMine Sits On $3.7B Loss As DAT ‘Hotel California’ Meets BlackRock’s Staked ETH ETF

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BitMine Sits On $3.7B Loss As DAT ‘Hotel California’ Meets BlackRock’s Staked ETH ETF

Authored by Zoltan Vardai via CoinTelegraph.com,

Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries.

BitMine Immersion Technologies, the world’s largest corporate Ether holder, is currently down $1,000 per purchased ETH, implying a cumulative unrealized loss of $3.7 billion on its total holdings, according to a Thursday research report from crypto insights company 10x Research.

The decline in net asset value (NAV) across these firms is making it difficult to attract new retail investors while leaving many existing shareholders effectively “trapped” unless they sell at a steep loss, 10x Research founder Markus Thielen wrote in a LinkedIn post.

“When the premium inevitably shrinks to zero, as it is doing now, investors find themselves trapped in the structure, unable to get out without significant damage, a true Hotel California scenario,” he said.

He added that, unlike exchange-traded funds (ETFs), digital-asset treasury companies, or DATs, “layer on complex, opaque, and often hedge-fund-like fee structures that can quietly erode returns.”

BitMine, Ethereum, right-hand side (RHS) price. Source: 10X Research

The mNAV ratio compares a company’s enterprise value to the value of its crypto holdings. An mNAV above 1 allows a company to raise funds by issuing new shares to accumulate digital assets. Values below 1 make it much harder to expand capital and holdings.

BitMine’s basic mNAV stood at 0.77 while its diluted mNAV stood at 0.92, according to data from Bitminetracker.

BitMine overview, holdings, share metrics. Bitminetracker.io

BitMine holds about 3.56 million ETH valued at roughly $10.7 billion, representing 2.94% of the total Ether supply. The firm’s average cost basis is $4,051 per ETH.

Other DATs also suffered a sharp decrease in their mNAVs, including Strategy, Bitmine, Metaplanet, Sharplink Gaming, Upexi and DeFi Development Corp.

BlackRock steps in with lower-cost competition

BlackRock has registered a new staked Ether ETF offering in Delaware, marking the first step for the $13.5 trillion asset management giant’s diversification into Ethereum-based products, Cointelegraph reported earlier on Thursday.

Source: Eric Balchunas

BlackRock’s proposed Ether staking ETF could offer another low-cost, yield-generating fund, without the hidden costs associated with traditional treasury firms.

This development may threaten the economics of DATs, according to 10x Research.

“With BlackRock now seeking approval to stake ETH in its ETF, offering a low-cost source of yield, the economics of DATs are likely to face increasing scrutiny,” the research report states.

More investors may start reallocating toward a potential staked Ether fund from BlackRock when they realize that the 0.25% management fee is far smaller compared to the embedded costs of DATs, according to 10X.

Asset managers REX-Osprey and Grayscale have already launched staked ETH ETF products in September and October.

Tyler Durden
Thu, 11/20/2025 – 13:20

Jasmine Crockett Shares List Of Republicans Who Took Money From Epstein – Only Problem – It Was A Different Epstein!

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Jasmine Crockett Shares List Of Republicans Who Took Money From Epstein – Only Problem – It Was A Different Epstein!

Authored by Debra Heine via American Greatness,

Rep. Jasmine Crockett (D-Texas) has publicly beclowned herself for the second time in a week by falsely accusing several Republican politicians of taking money from “somebody named Jeffrey Epstein.”

“Folks who also took money from somebody named Jeffrey Epstein, as I had my team dig in very quickly—Mitt Romney, the NRCC, Lee Zeldin, George Bush, McCain-Palin,” Crocket declared on the House floor on Tuesday.

Federal campaign finance records show that Epstein donated primarily to Democrats, including two current sitting members of Congress, Delegate Stacy Plaskett (D-V.I) and Senator Chuck Schumer (D-N.Y.), both of whom have retained the donations, despite scrutiny.

Even worse, newly released documents from Epstein’s estate include text messages between Plaskett and Epstein that show he advised her on what questions to ask President Trump’s former attorney Michael Cohen during a 2019 congressional hearing.

The Republican-led House Oversight Committee also recently released documents revealing that a fundraising firm representing Minority Leader Hakeem Jeffries ( D-N.Y.) solicited donations from Epstein in 2013, shortly after Jeffries’ first election to the House and well after Epstein’s 2008 conviction for soliciting prostitution from a minor.

“I just want to be clear, if this is the standard that we gonna make, just know we’re gonna expose it all. And know that the FEC filings, they are available for everyone to review,” Crockett said, hoping to deflect from these Democrat embarrassments.

Public records however indicate that most of the donations highlighted by Crockett came from an entirely different person, a Republican physician named Jeffrey Epstein.

Zeldin, currently Trump’s Environmental Protection Agency (EPA) Administrator, blasted the congresswoman on X: “Yes Crockett, a physician named Dr. Jeffrey Epstein (who is a totally different person than the other Jeffrey Epstein) donated to a prior campaign of mine. NO FREAKIN RELATION YOU GENIUS!!!”

Records also showed that Dr. Epstein made two $250 donations to former Republican Utah Sen. Mitt Romney during his presidential run in 2012,” the Daily Caller reported.

All of the donations mentioned by Crockett reportedly came from other people named Jeffrey Epstein, and came in some cases, came after the convicted sex trafficker had died.

The emails released by the House Oversight Committee on Wednesday show Rep. Hakeem Jeffries’ campaign soliciting money from Epstein in 2013 and inviting him to a Democrat fundraising dinner with then-President Barack Obama.

The fundraising firm Dynamic SRG refers to Jeffries in the email as “Brooklyn’s Barack” and a “progressive voice,” and encourages him to “get involved with the dinner” or “get an opportunity to get to know Hakeem better.”

Jeffries stated he has “no recollection” of the outreach and emphasized he “certainly” never met Epstein or accepted any money from him.

Plaskett, meanwhile, has dismissed accusations that she colluded with the sex offender in an effort to get Trump.

“I believe that Jeffrey Epstein had information and I was going to get information to get at the truth,” she said during an interview on CNN, Wednesday.

“There are a lot of people who have done a lot of crimes and as a prosecutor, you get information from people where you can.”

Republicans in the House on Tuesday attempted to censure Plaskett and remove her from the House Intelligence Committee, but failed in a 209-214 vote, with three Republicans joining Democrats in opposition, allegedly to protect Rep. Cory Mills (R-Fla.) from being censured himself, and referred to the House Ethics Committee for investigation.

Crockett, last week, was brutally called out by CNN when she tried to claim that Republicans had redacted a name in an email released by Democrats to smear Trump.

When the CNN host pointed out that Democrats had redacted the exonerating information, Crockett immediately flipflopped, claiming that Democrats redacted the name because their “biggest concern” was to “actually make sure” they were “protecting victims.”

Tyler Durden
Thu, 11/20/2025 – 12:40

Zelensky ‘Agrees’ To Engage On US Plan To End War, Features Territorial Concessions

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Zelensky ‘Agrees’ To Engage On US Plan To End War, Features Territorial Concessions

At this point Axios, the Financial Times, the NY Times, and Ukrainian regional media have all said that the new peace plan being ‘secretly’ pushed by the Trump administration contains significant territorial concessions. Additionally, there are reportedly stipulations that would see Ukraine scale back its armed forces, stop receiving some Western weapons, and stops hosting all foreign troops.

A source has also told RBC-Ukraine that a key provision is that the Ukrainian government commits to a formal refusal for future NATO membership. The same report said things are taken further, as Russian officials and troops would receive amnesty for all wartime crimes.

Via Reuters

Additionally, international and US-led sanctions would reportedly be lifted on Moscow, paving the way for Russia’s return to the global economy.

The US-proposed 28-point peace plan would cede control of the eastern Donbas to Russia, but other partially controlled territories like Zaporizhzhia and Kherson regions would see concessions made by Russia.

As we featured previously, Kremlin officials have finally said their position is being ‘heard’ – especially given this is the first time Washington appears to be getting serious about pushing territorial concessions. 

The plan appears to have been primarily drafted by President Donald Trump’s envoy Steve Witkoff and Russian special envoy Kirill Dmitriev – but so far the Zelensky government has expressed dismay that it is being cut out of the process.

US Secretary of State Marco Rubio has since written on X that achieving a “durable peace will require both sides to agree to difficult but necessary concessions.”

He acknowledged current talks are all about consulting both sides in order to “develop a list of potential ideas for ending this war.”

On Thursday US Army and top Pentagon representatives are in the Ukrainian capital in an effort to pressure the Zelensky government into engaging in talks on the US-Moscow peace plan:

Senior Pentagon officials have arrived in Ukraine to “discuss efforts to end the war” with Russia, the US military has said.

The team, led by US Army Secretary Dan Driscoll, held talks with Ukrainian Prime Minister Yulia Svyrydenko on Thursday morning. They are expected to meet Ukrainian President Volodymyr Zelensky later in the day.

But it remains that Zelensky has throughout the war consistently rejected any proposal which features territorial concessions. He is supported especially be Ukrainian hardliners, both in the military and in parliament. 

However, fresh news headlines say Zelensky has expressed ‘openness’ to working with this framework:

  • ZELENSKIY: UKRAINE IS READY TO WORK WITH US, EUROPE FOR PEACE
  • ZELENSKIY SAYS HE AGREED TO WORK ON US DRAFT PLAN TO END WAR
  • OIL TURNS NEGATIVE AS ZELENSKIY SIGNALS OPENNESS TO PEACE TALKS

But already (and somewhat predictably) European hawks are chiming in negatively, urging Kiev against any ‘compromise’ with Moscow. “EU foreign policy chief Kaja Kallas warned that for any plan to work, it would need to have Ukrainians and their European allies on board,” BBC writes.

French Foreign Minister Jean-Noël Barrot has seconded this viewpoint, saying “the Ukrainians do not want any form of capitulation.”

Tyler Durden
Thu, 11/20/2025 – 12:20

Watch: Sam Harris Blames Trump ‘Cult’ For Kirk Assassination

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Watch: Sam Harris Blames Trump ‘Cult’ For Kirk Assassination

Authored by Steve Watson via Modernity.news,

Atheist philosopher Sam Harris, known for his anti-religion books like “The End of Faith” and his “Making Sense” podcast, has absurdly pinned Charlie Kirk’s assassination on President Trump and his “cult” of followers.

During the rant on the Trigger Nometry podcast, Harris conveniently absolved radicalized leftists brainwashed by years of Democrat and media vitriol calling conservatives “Nazis” and “threats to democracy.”

Asked about Charlie Kirk’s murder, Harris responded, “I would put most of the onus, as will not surprise you, on the president and his cult.” 

He claimed that there’s “no party left of center” supporting the assassination, instead blaming Tucker Carlson, Elon Musk, and Alex Jones for ‘fueling the fire.’ 

This twisted logic ignores how Dems and their mouthpieces spent years radicalizing lunatics with “Trump is Hitler” smears—directly egging on violence while now playing innocent.

Recall how in 2022, Harris admitted to not caring about the Hunter Biden laptop scandal, stating it “absolutely should have been covered up” to stop Trump.

“At that point, Hunter Biden literally could have had the corpses of children in his basement—I would not have cared,” Harris sickeningly suggested.

He justified suppression, noting “Whatever the scope of Joe’s corruption is… it is infinitesimal compared to the corruption we know Trump is involved in.” 

This reveals Harris’ ends-justify-means mindset, excusing lies and censorship for political gain—now extending to blaming Trump for left-driven violence.

Harris’ victim-blaming seeks to exonerate the radical left he helped inflame, proving elite intellectuals like him prioritize anti-Trump narratives over truth.

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

Tyler Durden
Thu, 11/20/2025 – 12:00

Stocks & Crypto Slammed As NVDA Erases Post-Earnings Gains

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Stocks & Crypto Slammed As NVDA Erases Post-Earnings Gains

Who could have seen that coming?

Sure enough – as has been the pattern – NVDA’s overnight gains have been erased…

That has dragged all the majors back to day-session lows, with Nasdaq now unchanged (from up 2.4% at the highs)…

The plunge was exacerbated by all the majors breaking below key technical support…

Bitcoin is puking…

And it appears crypto was leading the majors lower…

As we detailed earlier with regard to whether the rally would stick, Goldman’s Rich Privorotsky lays out the tactical bull and bear case:

  • The dream today is NVDA up 10%…GOOG powering on…useful-life comments killing the worst fears around CoreWeave and the debt-fueled AI buildout…sentiment snapping back as crypto, retail and systematic flows all rip and we grind back to the highs. Cherry on top would be a 20k-type NFP that puts cut pricing back near 75%. 

  • Worst case is NVDA pops at the open then slides as forward constraints cap the 2nd derivative of growth…crypto pukes, CTAs are still sellers, NFP is hot, and Dec drops to 25% while credit refuses to tighten to match the equity rally and remains the lead indicator. 

It appears the ‘worst case’ is looming as rate-cut odds are fading lower again now too…

Tomorrow brings the largest November OpEx in history – which will likely not help.

Tyler Durden
Thu, 11/20/2025 – 11:44

Native-Born Workers Rise By 2 Million Under Trump To A New Record High, As Foreign-Born Plunge By 1.6 Million

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Native-Born Workers Rise By 2 Million Under Trump To A New Record High, As Foreign-Born Plunge By 1.6 Million

One can debate how effective Trump has been in following up on his various campaign promises, but one place where he has been steadfast is reversing the Biden admin’s disastrous labor policies which favored foreign-born workers (mostly illegal aliens) over native-born workers.

Today’s jobs report, which had something for everyone, including forecast-busting payrolls offset by the highest unemployment rate in 4 years at 4.4% (driven by another jump in black unemployment), was indisputably strong when it comes to one thing: the rotation from foreign born workers to domestic ones. 

To wit: in September, the number of native-born workers surged by 676K (after the August drop of 561K), while foreign-born workers dropped by 70K.

Now since the month-to-month changes are largely driven by seasonal factors, they don’t convey the full picture. What does, is a longer-term study such as the one below, which shows that since Trump entered the White House and his policies started impacting the economy, the number of foreign born workers has slumped from a record 33.7 million in March 2025 to 32.1 million, a drop of $1.6 million. This has been offset by a slow but consistent increase in native-born workers which had been unchanged for six years since 2019 until the start of 2025, at which point it started to rise again, and has increased from 131.2 million in March 2025 to a new record high of 133.2 million in September.

As a reminder, right before the covid crash the number of foreign-born workers was about 28.7 million, and increased by a whopping 4.5 million under Biden, while the number of native-born workers was actually down, a decline which serious “economists” blamed on demographics, a lack of willingness to work, and anything else.

It turns out, the number of native-borns could have very easily gone up if only someone remove the massive overhang of millions of illegals flooding through the border and taking away jobs (at a massive paycut) which perfectly capable native-born Americans would have taken. 

 

Tyler Durden
Thu, 11/20/2025 – 11:25

EU’s Ukraine Funding Scheme Will Trigger Lawsuits, Collapse Of Euro & Be On Grandchildren’s Shoulders: Orban

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EU’s Ukraine Funding Scheme Will Trigger Lawsuits, Collapse Of Euro & Be On Grandchildren’s Shoulders: Orban

Hungarian Prime Minister Viktor Orbán has issued a new warning that the European Commission (EC)-proposed new loan amount to Ukraine of 135 billion euros will end up being paid for by the grandchildren of EU country populations.

“An astronomical sum that does not exist today. It simply does not exist,” he began by saying. “The Brussels ‘magic trick’ would again be a joint European loan, a step that would guarantee that even our grandchildren would have to pay for the costs of the Russian-Ukrainian conflict,” he said.

AFP/Getty Images

This was his further response to a letter recently issued to EC President Ursula von der Leyen, seeking to desperately raise more funds for Kiev in order for it to close a some $150 billion budget gap.

“It will now be key to rapidly reach a clear commitment on how to ensure that the necessary funding for Ukraine will be agreed at the next European Council meeting in December,” she wrote. 

But Orban chaffed and pointed out that this whopping amount is at least 65% of the annual volume of the Hungarian economy and almost 75% of the annual EU budget, an “absurd” ask. He quipped:

“This is more than impossible. This is absolutely ridiculous. Hungary’s response will follow immediately,” the Hungarian Prime Minister stressed.

He has also warned that if Brussels decides to use frozen Russian assets, it will trigger lawsuits and potentially the collapse of the Euro.

“Turning to frozen Russian assets. A convenient solution, but the consequences are unpredictable. Lengthy legal proceedings, numerous lawsuits, and the collapse of the euro. This is what awaits us if we choose this path,” Orban wrote on social media.

We earlier featured some of his initial reaction, as previously this week he flatly rejected the call for sending more support to Ukraine: 

“I received a letter today from President von der Leyen. She writes that Ukraine’s financing gap is significant and asks member states to send more money,” he wrote on X. “It’s astonishing.”

“At a time when it has become clear that a war mafia is siphoning off European taxpayers’ money, instead of demanding real oversight or suspending payments, the Commission President suggests we send even more.”

Given Ukraine’s corruption, and there’s a raging scandal currently in the headlines which has resulted in the dismissal of several top officials and ministers, Orban likened the scheme to giving a drunk person more vodka. 

But he vowed that Hungary has not lost its common sense and described, “This whole matter is a bit like trying to help an alcoholic by sending them another crate of vodka.” Budapest won’t go along with it.

* * * 

More of PM Orban’s scathing critique on Thursday:

The [EC] President has one problem: she doesn’t have this money. What she does have are 3 proposals on the table:

1. That the member states should chip in. Willingly and cheerfully, from their own budgets. As if they had nothing better to do.

2. A well known Brusselian “magic trick”: joint borrowing. There’s no money for the war today, so our grandchildren will pay the bill. Absurd.

3. A proposal to seize the frozen Russian assets. A convenient solution, but its consequences are impossible to foresee. Lengthy legal wrangling, a flood of lawsuits and the collapse of the euro. This is what awaits us if we choose this path.

Tyler Durden
Thu, 11/20/2025 – 09:20