The U.S. dollar is getting completely decimated… We now have hyper-debt economics and it is collapsing under its own weight.

ECONOMIC UPDATE—MARKET OVERVIEW
We said it before and we will say it again. Never in our 45 years of trend forecasting have we forecast a year of a Wild Card. Day-by-day, hour-by-hour, minute-by-minute the Wild Cards are being played.

THE U.S. TRADE DEFICIT EXPLODES ANOTHER 11 PERCENT HIGHER IN MAY—ANOTHER COLLAPSE SIGNAL
The U.S. trade deficit just surged another 11 percent in May… it’s a collapse signal.

TRUMP’S MASSIVE TAX CUTS ENRICH THE RICH
The theory goes like this: massive tax cuts on businesses and the rich will unleash such a flood of investment, spending, and productivity that the cuts will not only pay for themselves but render budget surpluses as far into the future as the eye can see.

MAHA MIS-STEP: RFK JR. PUSHES INVASIVE TECH HEALTH SURVEILLANCE
Speaking recently at a Congressional hearing, HHS Secretary Robert F. Kennedy Jr., normally a strong advocate for patient rights, appeared to promote a breathtakingly invasive tech device monitoring goal of virtually every American.

THE OTHER SIDE: IRAN SAYS THEY WON THE WAR WITH ISRAEL AND THE U.S.
Iranians claimed victory over the U.S. and Israel in what has been presented within the country as Tehran’s ability to face down attacks from two of its top rivals and outlast them in a 12-day war that inflicted losses on both sides.

SPOTLIGHT ON CHINA: WHAT’S UP, WHAT’S DOWN, WHAT’S NEXT
By their deeds you shall know them. Beijing’s actions have inflicted grave economic damage on its nation’s economy.
Global Economy

CANADA’S ECONOMY EDGES TOWARD RECESSION
Canada’s GDP contracted by 0.1 percent in April, Statistics Canada reported, and said early indications are that the economy shrank by a similar amount in May.

TESLA’S EUROPEAN SALES TUMBLE AGAIN IN MAY
In May, Tesla’s vehicle sales across Europe and the U.K. totaled just 13,863 units, down 28 percent year on year, the European Automobile Manufacturers Association reported.

TRUMP CUTS OFF ALL TRADE NEGOTIATIONS WITH CANADA
On 27 June, Donald Trump announced the U.S. is immediately “terminating ALL discussions on Trade with Canada” after the U.S.’s northern neighbor is set to begin collecting a digital services tax on Internet companies, both Canadian and foreign.
The Israel War

TRUMP APPROVES $510M SALE OF BOMB GUIDANCE KITS TO ISRAEL TO REPLENISH STOCKPILE AFTER WAR WITH IRAN
The U.S. on Monday announced the approval of $510 million in bomb guidance kit sales to Israel to help it replenish its stockpile after the recent war with Iran.

GAZA DEATH TOLL
Israel, with the full support from the U.S. killed at least 56,500 Palestinians in Gaza and wounded another 133,419. There are at least 11,000 missing.

THE OTHER SIDE: IRAN SAYS THEY WON THE WAR WITH ISRAEL AND THE U.S.
Iranians claimed victory over the U.S. and Israel in what has been presented within the country as Tehran’s ability to face down attacks from two of its top rivals and outlast them in a 12-day war that inflicted losses on both sides.
Trends in AI

META PREVAILS IN COPYRIGHT SUIT BROUGHT BY AUTHORS
Using the text of millions of online books to train its AI models without compensating or acknowledging the books’ authors is “fair use” under U.S. copyright law, according to a 25 June federal court ruling.

OPENAI SNAGS $200-MILLION DEFENSE CONTRACT
OpenAI, founded as a nonprofit to develop AI “for the benefit of humanity,” has signed a one-year, $200-million contract with the U.S. defense department to “develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” the department said in a press announcement.

SOFTBANK PROPOSES $1-TRILLION AI HUB IN ARIZONA
Softbank Group, Japan’s tech megafunder, is exploring the prospect of a trillion-dollar investment to create an industrial complex in Arizona for building robots and developing advanced AI models.
Hi-Tech Science

DARPA SETS POWER BEAM RECORD
U.S. military researchers have sent a laser carrying 800 watts of power across 5.3 miles (8.6 km), setting a new record.

SHELLFISH COULD BECOME YOUR NEW ONE-A-DAY VITAMIN
Clams, mussels, and oysters are among the world’s best sources of animal protein. Scientists at Cambridge University decided to make them even better by turning them into a one-stop source of a person’s complete daily nutritional needs.

FLOATING BLANKETS USE SUNLIGHT TO PURIFY TAINTED WATER
Researchers at The Ohio State University have created “nanofibrous blankets” that float on contaminated water and solve a key problem in current methods used to purify it.