As the old saying goes; “You can’t make this shit up.” But as we have detailed since Donald Trump won the race to the White House in 2024, with every passing day—from the Tariff War to the Israel War, to the Ukraine War to the Yemen War, to the Iran War—another day, another promise and another broken promise.
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WE HAVE A BIG PROBLEM…AND I MEAN BIG
If you have been with me for any length of time, then you have heard me say this: NOTHING IS AS IT APPEARS TO BE.
SPOTLIGHT: CRYPTO GOES MAINSTREAM
Crypto services company BitGo, stablecoin issuer Circle, and Ripple, a crypto payments business, have applied to be chartered as U.S. banks, the Financial Times reported.
AI RULES FOR THEE
Google is set to begin enforcing new rules that will likely demonetize a significant amount of content on its YouTube video platform created with AI tools.
ISRAEL ACCELERATES DEMOLITION IN RAFAH TO PREPARE TO HOUSE GAZANS IN CONCENTRATION CAMPS
Israeli forces have ramped up the demolition in Rafah, the city in southern Gaza, to prepare for Israeli Prime Minister Benjamin Netanyahu’s new initiative to forcefully move 600,000 Palestinians there to create what he envisions as a “humanitarian city,” which critics have compared to a “concentration camp.”
RUSSIA’S LAVROV CONDEMNS THE U.S./ISRAEL FOR THEIR UNLAWFUL ATTACKS ON IRAN’S NUKE SITES
Russia spoke out against the Israel/U.S. war of aggression against Iran last month and condemned the use of military force as a “violation of the UN Charter and international law.”
ECONOMIC UPDATE—MARKET OVERVIEW
Love Trump, hate Trump, believe him, don’t believe him, by his deeds you shall know him.
ARTIFICIALLY SUPPRESSED RATES ARE A FINANCIAL LIE—A SYSTEM DEVOURING ITSELF TO SURVIVE
When central banks lower rates, borrowing becomes easy and cheap. Governments, corporations, and consumers pile on debt.
WALL STREET INCREASINGLY ALARMED BY U.S. DEBT CRISIS
With the annual U.S. budget deficit already climbing toward $2 trillion, Republicans in Congress dug the budget hole even deeper by passing Donald Trump’s “big beautiful” tax-cut legislation, which the latest projections say will add $3.4 trillion to the national debt by 2035.
THE ENDPOINT OF TECHNOCRACY
OpenAI’s Sam Altman says humans will soon live with a 24/7 AI companion. Meta CEO Mark Zuckerberg is betting people will wear it as part of an augmented reality experience in some version of AR “smart” glasses that will supplant smartphones.