U.S. treasury secretary Scott Bessent declared an end to the K-shaped economy and the widening gap between America’s wealthy and everyone else in a 4 August CNBC interview.
Category: HOMEPAGE
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WHAT HAPPENED TO ENDING THE IRAN WAR IN ‘4 TO 5 WEEKS’?
Welcome to the sixth month of the Iran War that was illegally launched by U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
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U.S. CONCESSIONS TO IRAN FALLOUT… OIL HIGHER. INFLATION RISK HIGHER. TREASURY YIELDS HIGHER
Let's cut right into this. The financial consequences and failure to capture a victory for the US in this war with Iran are just beginning to migrate from geopolitics… directly into markets.
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FORMER CIA OFFICIALS WARN THAT TRUMP IS PULLING DOWN ‘GUARDRAILS’ FOR DEMOCRACY
Former top officials from the CIA have warned that President Donald Trump is consolidating power in a manner that has become a clear risk to democracy in the U.S., with one stating that he believes the worst is yet to come.
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BIGS OWN EVERYTHING: FCC VOTES TO REMOVE LIMITS ON BROADCAST TV OWNERSHIP, WHICH MEANS MORE CONSOLIDATION
The Federal Communications Commission (FCC) voted last week to remove any limits on the size of the broadcast airwaves a company can own after Brendan Carr, the head of the commission, called the old policy “outdated.”
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ECONOMIC UPDATE
What a difference a day makes. Last week, as he has said scores of times, President Trump threatened that if Iran did not agree to a ceasefire deal, it would be bombs away saying, “We were going to hit them very hard.”
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U.S. GROCERY PRICES UP 33 PERCENT SINCE 2018
U.S. grocery prices have risen by a third in the past seven years, the Bureau of Labor Statistics (BLS) reported.
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SPOTLIGHT: CHINA’S ECONOMY ADVANCES AROUND THE WORLD
China’s world domination in electric vehicles technology and AI production has grabbed headlines, but China also has far outpaced competing nations in clean energy.
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The U.S. Treasury Goes NUCLEAR With MASSIVE Debt Expansion. (As The U.S. Economy Flatlines)
The US Treasury now expects to borrow $739 billion more debt during July–September.
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IRAN DEFEATED THE U.S. FOR A THIRD TIME, TOP IRANIAN SAYS
Moshen Rezaei, an advisor to Ayatollah Mojtaba Khamenei, said in an interview on Monday that Iran managed to defeat the United States for a third time, counting the 12-day war from June 2025, the 40-day war that was paused after the signing of the memorandum of understanding (MOU), and the current round that was sparked because Washington violated the MOU.