Individual Economists

Nine Potential Commodity Wildcards As "Once-A-Decade" Shocks Become New Normal

Zero Hedge -

Nine Potential Commodity Wildcards As "Once-A-Decade" Shocks Become New Normal

A growing number of institutional desks sounded alarms over physical commodity markets this week as maritime chokepoint disruptions intensified across the Gulf.

Goldman Sachs, RBC Capital Markets, JPMorgan, and others warned that a tightening physical market could keep Brent firmly in triple-digit territory and drive prices sharply higher if the disruptions persist.

Joining the conversation was Citigroup Senior Commodities Strategist Eric Lee, who warned Thursday that commodity markets have entered an era of near-constant disruption, with geopolitical, climate, and technological shocks increasingly overwhelming traditional supply-and-demand analysis.

Lee warned:

Commodities markets are in an era where geopolitical, climate and technological shocks routinely overwhelm traditional supply-demand analysis. Rather than only what is most likely, investors need to consider what is plausible, and what markets are least prepared for.

The frequency of major commodities market disruptions appears to be rising. Events once considered "once -a-decade" now seem to emerge every year, or even every six months.

Since the early 2000s, markets have navigated the Global Financial Crisis, the Arab Spring, the US shale revolution, OPEC's strategic policy shifts; since 2020, wildcards include COVID-19, the Russia-Ukraine conflict, trade wars, gold-positive macro concerns, weather-driven agricultural disruptions, and repeated Middle East conflicts.

Timeline showing notable wildcards and shocks impacting commodities, 2000-2026

List of notable wildcards and shocks impacting commodities:

Lee outlined nine high-impact commodity-market wildcards for the second half of 2026 and beyond, warning that the scenarios are not base-case forecasts but risks with consequences too large for investors to ignore:

  1. US-Iran conflict goes from temporary shock to multi-year disruption of Gulf oil production capacity, driving crude oil to $150+, wholesale refined products to $200+, US retail gasoline to $6/gal sustained.

  2. Russia-Ukraine escalation drives renewed oil and gas export restrictions: this could be even more bullish for global gas than for oil.

  3. Critical minerals hoarding goes into overdrive: drives copper to $20k/t and more.

  4. Gold falls another 15–20% near-term before doubling.

  5. Hyper El Niño and other extreme weather: drives ag price spikes, e.g. cocoa back to >$10k/t.

  6. AI boom and bust: buffet electricity, natural gas, uranium, and power-infrastructure metals like copper and aluminium one way, and gold the other way.

  7. Trade war hits US farmers again: US-China trade war resumes, hitting US ag exports, which could push corn below $4.2/bu and soybeans below $10/bu.

  8. 2030 LNG glut worsens on Russian Power of Siberia 2 gas pipeline to China: driving global LNG prices like JKM down to $5–6/MMBtu.

  9. Monroe Doctrine extreme: US blockades all Americas oil exports, driving global oil prices to well above $100/bbl, while US benchmarks might be discounted by over $30/bbl.

A look at the Bloomberg Commodity Index (BCOM), a widely tracked commodity-futures benchmark, shows the broader complex, spanning energy, agriculture, metals, and livestock, continuing to climb from its Covid-era lows.

Professional subscribers can access deeper commodity analysis at our new Marketdesk.ai portal.

Tyler Durden Fri, 07/24/2026 - 12:40

Tariffs, Yet Again

The Big Picture -

 

 

Overnight, the Trump Administration announced a new, massive set of tariffs, claiming authorization by Section 301 of the Trade Act of 1974. The full list of the 60 countries tariffs were levied on is at The Independant.

These are as likely unlawful as the IEEPA tariffs were, but for different and more technical reasons. Congress did give the Executive branch limited authority to impose these sorts of tariffs, but with a very specific set of guidelines and procedures to follow.

The documents filed claim these were followed properly, but their own language makes it clear this is unlikely.

The new strategy is to use the complexity of Section 301 to provide SCOTUS cover to allow what is plainly a usurpation of Congressional authority.1   It was impossible for any credible court to have supported the IEEPA tariffs, as they were so clearly unconstitutional.2 

This time, the tactic was slightly cleverer, and enumerated by the WSJ’s Greg Ip:

“To Trump, though, court rulings are road maps, not roadblocks. February’s court ruling simply rerouted him to tools the court hadn’t explicitly prohibited. And fortunately for Trump, Congress has over the years scattered many such tools through the law books, many largely forgotten or unused.”

When the WSJ accuses the White House of abusing rules to accomplish their agenda, regardless — well, that’s really something.

Note that the document filed at 12:01 am last night was the USTR’s final “Notice of Action.” It references the evidentiary findings in a separate June 2, 2026 document titled “Acts, Policies, and Practices…” (See sources below)

On March 12, 2026, the USTR initiated, on its own, 60 simultaneous investigations. This is not the comprehensive document it appears to be at first glance. About 360 of the 431 pages (page 73 on) are the tariff schedule.

Rigorous, they are not.

All 60 country-specific “Determinations of Action” are identical boilerplate. Each is a single paragraph, and the template is word-for-word the same — only the country name, the rate (10% or 12.5%), and the cross-references change. No country-specific evidence, no discussion of any particular economy’s laws, enforcement record, or forced-labor exposure appears. Somehow, every major trading partner qualifies for tariffs — which is the reveal that this is not specific to any one nation’s behaviors.

Technically busy, analytically thin boilerplate is no way to manage trade policy…

Sorry, but nobody really believes that this administration performed 60 investigations, created a comprehensive report, analyzed 1,600 comments, and held a hearing, all in ~4 months, with seven weeks from proposed action to final tariffs that was anything more than just going through the motions. None of the 60 economies received individualized analysis or consideration in that window as required by statute.

A West Coast friend who alerted me to this late last night had already done the deep dive into the Federal Register and the 431-page United States Trade Representative document. His conclusion?

“The most recent research shows US economy paid 95% of the tariffs cost, and while more than half of that was initially borne by companies in lower profits, by this spring it was mostly consumers paying. His voters are innumerate, as is he… It basically concedes there were no USTR investigations, DJT picked the countries, and picked the rates.”

A document whose superficiality confesses that none of the applicable laws or procedures were followed should not withstand court scrutiny. No true analysis of various countries (only 1/2 page each); no calibration of tariffs in response to specific illegality; most important of all, no analysis of how the behavior in question negatively impacted US companies as required by section 301.

To actually determine what countries are using forced labor and its economic impact on US companies would take a lot more time, personnel, and intellectual firepower than the 4-month attempt applied here.

This was simply a response to the IEEPA loss at the Supreme Court. And if SCOTUS acts as it has since 2024, by the time they get around to striking this down in 2028, the damage will have already been done.

~~~

You would be wrong to think of these critiques against tariffs as merely a leftist tirade or partisan attack. The conservative Reason Foundation, a libertarian organization, observed: Trump Imposes Massively Harmful and Illegal Section 301 Tariffs, stating, “The new policy is based on sham investigations, and runs afoul of the major questions and nondelegation doctrine.”

Of course, these tariffs should be struck down, but if SCOTUS takes another year (again), there will be real economic and reputational harm done.3

 

 

 

Previously:
Winners & Losers of SCOTUS Decision Striking Down Tariffs (February 20, 2026)

Part II: IEEPA Tariff Ruling’s Losers (February 23, 2026)

Tariffs archive

 

See also:
Trump’s Trade Wars Are Back—Despite the Supreme Court
By Greg Ip
WSJ, July 23, 2026

 

Sources:
Report in Section 301 Investigations Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor
USTR, June 02, 2026

USTR Makes Findings and Proposes Action in 60 Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods.
Press Release
USTR, June 02, 2026

Notice of Actions in Section 301 Investigations of Acts, Policies, and Practices of Various Economies Related to the Failure of Each Economy to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Lab
OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE, July 24, 2026
Docket Nos. USTR–2026–0265, USTR–2026–0266

 

 

 

__________

1. t is very difficult to predict what a renegade, corrupt, partisan court will do.

2. And yet it still attracted three votes in favor: Justices Clarence Thomas, Samuel Alito, and Brett Kavanaugh ignored the plain text of the Constitution.

3. There is a real chance SCOTUS allows this to slide, 5-4.

 

The post Tariffs, Yet Again appeared first on The Big Picture.

10 Friday AM Reads

The Big Picture -

My end-of-week morning reads:

The Credit Market Lens: Rich Spreads, Cheap Treasuries, and an Incomplete Explanation: The evolution of credit spreads remains driven primarily by credit fundamentals, investor risk appetite, flows, and broader market technicals rather than relative value between Treasuries and swaps. (PIMCO)

• Meet All The Middle Aged Women Who Don’t Exist: They’re all gorgeous. They’re all “57.” And they’re all selling you NMN. AI-generated wellness influencers targeting women over 40 — fake people selling real supplements with fabricated testimonials. The grift is sophisticated and growing fast. (Charlotte’s Book) see also The Fake Influencers Selling Wellness on Your Feed: The New York Times video investigation of the same phenomenon. (New York Times)

Palantir’s greatest enemy: Not competition or regulation. The thing most likely to undo Palantir is its relationship with the U.S. government. Barrett Brown has spent 15 years investigating Peter Thiel. Now he lives in exile in Mexico. But he’s plotting his comeback (Dispatch)

How Wall Street’s Bots Are Cashing In on Trump’s Truth Social Posts: Traders who already monitor the president’s pronouncements with automated systems can pay for an ultrafast feed. At least five firms have signed up. (Wall Street Journal) but see also The ‘decayed’ impact of Trump’s Truth Social bombs: Markets are gradually learning to ignore the president. (Financial Times free)

Forever chemicals are hidden in farm soil. Scientists found a new way to remove them: Existing methods of PFAS cleanup are expensive. A new approach is an order of magnitude cheaper—and could also help fight climate change. (Fast Company)

The breakthrough changing how Americans donate organs: A growing form of donation is expanding the organ supply in the US — and testing how medicine protects dying patients. (Vox)

‘Ideological Emigration’: The Most Optimistic Israeli in Jerusalem Is Leaving the Country: Former brain researcher Hagai Agmon-Snir is behind a raft of initiatives to promote tolerance between Israelis and Palestinians, but he now has a one-way ticket to Italy. For him, Israel has become hopeless. A Haaretz profile of an Israeli who spent years arguing that things would get better — and finally gave up. The piece says as much about the state of Israel as it does about the man. (Haaretz) See also A Growing Number of Americans Are Seeking Residency and Citizenship Abroad—Here’s Where They’re Going: The emigration wave continues. Condé Nast Traveler maps where Americans are going — Portugal, Mexico, New Zealand, Ireland — and what’s pushing them out. It’s part of a global trend of travelers building so-called “sovereign portfolios,” a new report shows. (Conde Nast Traveler)

‘See the whole world in lichens,’ the marvels that grow anywhere: You might think that in the kingdom of green that is our Northwest, the mighty Douglas fir is supreme, or perhaps the red cedar. Ah, but consider the humble, the ancient, the ultimate in Northwest non-fussy, the enduring, inspiring signature of our regional character. That companion to Washington landscapes, whether east side or west, that thrives on just about any surface — dry, wet, bright, dark, hard, soft, natural, manufactured, whatever. Consider lichens. (Seattle Times)

The history of stadium design in 15 buildings. From Ancient Greece Colosseum to SoFi Stadium to the modern Gulf States, the stadium’s evolution over millennia has relied on numerous innovations, many of them first tested at the buildings on this list. How the places where we watch sports have evolved, and what they reveal about the cultures that built them. (De Zeen)

The Biggest Hygiene Mistakes People Make in the Pool: We asked infectious disease doctors and water-quality experts which hygiene mistakes they see most. Here’s what you’re probably getting wrong—and what to do instead. (Time)

Video of the day: Jamie Dimon: Why I Won’t Buy Bonds, AI’s Future & Leadership Lessons

Be sure to check out our Masters in Business interview this weekend with Lori Heinel, Global Chief Investment Officer of State Street Investment Management, the money management arm of investing giant State Street. She oversees over $5.7 trillion in assets (as of year-end 2025), which includes everything from index funds and ETFs to active strategies, multi-asset solutions, and alternatives. She was named to Forbes’ 2025 “50 Over 50” list.

IPOs Have Been a Losing Bet Since 2019

Source:
Apollo

 

Sign up for our reads-only mailing list here.

 

The post 10 Friday AM Reads appeared first on The Big Picture.

India's Fuel Exports Set To Soar In July As Refining Margins Jump

Zero Hedge -

India's Fuel Exports Set To Soar In July As Refining Margins Jump

By Charles Kennedy of OilPrice.com,

India is on track to export the highest volume of refined petroleum products in months as refining margins have jumped with the re-escalation of the Middle East conflict.

India is estimated to ship as many as 1.55 million barrels per day (bpd) of light and middle distillates in July, per data by commodity analysts Kpler cited by Reuters columnist Clyde Russell.

The July volumes would be nearly double the fuel export volumes of just 866,000 bpd in May, when the Strait of Hormuz crisis hit crude supplies to India and the rest of Asia. In May, India saw its lowest fuel exports in four years.

The tightening fuel markets in Asia and the rest of the world added to a renewed rally in refining margins after the U.S.-Iran ceasefire collapsed two weeks ago. This has encouraged Indian refiners to ramp up refined petroleum exports.

The expected volumes in July would be the second-highest level in Kpler’s data series dating back to 2017.

Earlier this month, Kpler estimated that India’s refined petroleum exports would hit in July the highest level since September 2025 as refiners race to capture soaring margins amid tight Asian fuel markets.

India’s high export levels in July could ease some of the pressure on the Asian fuel market, but not all of it, as crude supplies from the Middle East are once again at high risk of delay.

Asian refiners that had bet on a flood of crude supply from the Middle East in August are now faced with potential delays in deliveries amid the re-escalation of hostilities, which could thwart their plans to ramp up crude processing rates in the coming weeks.

Refiners in the U.S. and Europe are operating at near capacity, but those in Asia may not see the expected increase in throughput now that the July and August loadings and delivery schedules have been upended by the re-escalation of the Middle East conflict.

Tyler Durden Fri, 07/24/2026 - 06:30

Deaths Now Outnumber Births In 17 US States

Zero Hedge -

Deaths Now Outnumber Births In 17 US States

Natural population growth is slowing across much of America.

According to the latest U.S. Census Bureau estimates, 17 states recorded more deaths than births between July 2024 and July 2025, up from only four states during much of the 2010s.

Using U.S. Census Bureau data, Visual Capitalist's Dorothy Neufeld created this map showing natural population change in every state.

Because the measure excludes domestic and international migration, it highlights where population growth increasingly depends on people moving in.

Natural Population Change by State

The table below ranks every state by natural population change between July 2024 and July 2025, highlighting where births continued to outpace deaths—and where they no longer did.

State Natural Population Change
Jul 2024–Jul 2025 Pennsylvania -10,708 West Virginia -7,887 Maine -5,019 Michigan -4,998 Oregon -3,764 Mississippi -2,607 Alabama -2,188 New Hampshire -2,167 New Mexico -1,885 Vermont -1,769 Florida -1,333 Arkansas -1,224 Ohio -729 Delaware -554 Rhode Island -304 Montana -90 Kentucky -83 Missouri 177 Wyoming 295 South Carolina 564 Wisconsin 1,161 Hawaii 2,024 Connecticut 2,283 District of Columbia 2,516 Oklahoma 2,559 South Dakota 2,605 North Dakota 2,630 Louisiana 2,774 Iowa 2,949 Nevada 3,051 Alaska 3,308 Tennessee 3,597 Kansas 4,951 Nebraska 6,136 Idaho 6,900 Massachusetts 8,419 Indiana 8,561 Illinois 10,903 Maryland 11,444 Minnesota 12,071 Virginia 13,817 North Carolina 15,129 Washington 17,230 Colorado 20,608 Utah 24,961 New Jersey 26,023 Georgia 28,631 Arizona 20,914 New York 42,815 California 109,715 Texas 157,711

Pennsylvania recorded the nation’s largest natural decline (-10.7K), followed by West Virginia, Maine, and Michigan. Most states with natural decreases were concentrated in the Northeast and Appalachia, regions that include several states with some of the country’s oldest populations.

Florida also recorded more deaths than births, yet remained one of America’s fastest-growing states because of migration.

The South remained the engine of natural population growth. Texas (+158K), Georgia (+29K), and North Carolina (+15K) posted strong gains. California (+110K) and New York (+43K) also recorded far more births than deaths despite slower overall population growth.

America’s Population Is Increasingly Shaped by Migration

Natural population change tells only part of the story.

Several states with more deaths than births, including Florida, Maine, and Pennsylvania, can still grow overall when migration offsets their natural decline. Others continue losing population even after attracting newcomers.

Meanwhile, states such as Texas, North Carolina, and Arizona benefit from both natural population growth and migration, helping drive some of the country’s fastest population gains.

As America’s population ages and birth rates remain historically low, natural population growth is becoming less common. For a growing number of states, migration—not births—is now the primary driver of population growth, making migration trends increasingly important to their long-term demographic outlook.

To learn more about this topic, check out this graphic on immigration’s role in U.S. population growth by state.

Tyler Durden Fri, 07/24/2026 - 05:45

The Multipolaristas' Are China-Maxxing

Zero Hedge -

The Multipolaristas' Are China-Maxxing

Authored by Iain Davis via Off-Guardian.org,

Let’s consider the arguments of those who advocate global governance, the people whom Hrvoje Morić identifies as the Multipolaristas. They are often engaged in China-maxxing and are, whether they know it or not, essentially serving as propagandists for the global oligarchy.

Research conducted by analysts working for the South China Morning Post (SCMP)—an English-speaking, Western-aligned Chinese news outlet—suggests that, between 2015 and 2025, a notable shift occurred in the way China and its government were portrayed by the leading Western media organisations.

Chief analyst Jianlu Bi, who is a senior fellow at the Washington Institute for Policy Studies and a research fellow at the Charhar Institute in Beijing, wrote:

[N]early 70 per cent of stories covering China’s economy, technology or environment in 2019 had a negative tone [but] by 2025, the share of negative stories dropped to around 40 per cent, along with an increase in neutral coverage across all categories and positive coverage of the [Chinese] economy.

This notable Western media narrative shift is part of a wider trend that can be described as “China-maxxing.” With outlets like The Economist, the Financial Times, and The New York Times—all previously known for their staunch anti-China propagandanow quite regularly extolling the virtues of China and, most notably, its economy, “China-maxxing” is an identifiable phenomenon.

The Western mainstream media is gradually shifting to sell the Chinese government to us as the “good guys.”

Recently, Elon Musk has engaged in some China-maxxing of his own. Musk is part of the gaggle of oligarchs eager to roll out AI data centers wherever they can. Musk was keen to point out that the only national government that has, in his view, adopted the right approach is China’s:

The availability of energy is the issue. If you look at electrical output outside of China, it’s more or less flat. Very slight increase, but pretty much flat. [. . .] If you’re putting data centers anywhere except China, where are you going to get your electricity? Especially as you scale, how are you going to turn the chips on? Magical power sources? Magical electricity fairies?

The previous blanket Western media vilification of China was always absurd state propaganda. China has been framed as the comic-book villain to encourage Western populations to accept further suppressions of their rights by their own governments and to claim justification for increased public spending on the Western military-intelligence complex.

Meanwhile, the multinational corporations that benefit from the government contracts, supposedly awarded to protect Western populations from the fabricated Chinese threat, such as Musk’s SpaceX, are led by oligarchs who genuinely pose a threat to everyone.

Though he didn’t use the term himself, in trying to explain China-maxxing, Mr. Jianlu offered a list of potential reasons for it. These included the Western media’s recognition of China’s technological and economic progress, the Chinese government’s apparent commitment to tackling climate change, its drive for efficiency, and so on. Jianlu argued that all of this has combined to force Western media outlets to reevaluate how they cover China and China-related matters.

Nation-states and national governments are set to be replaced by a global Technocracy. At some point, therefore, the conversation about moving away from the extant governance system to which people are accustomed to the new one has to commence.

Returning to Jianlu’s analysis, he is a leading Western policy think tank representative, and the media outlets he discussed primarily serve as propagandists for Western policy. Buried in the analysis, there is a brief statement that indicates what the real purpose of China-maxxing is:

Unlike the US, where policy shifts can abruptly occur due to political changes and short-term economic pressures, [. . .] China’s long-term strategic planning and consistent policy implementation have yielded results.

Dark Enlightenment-enthused oligarchs like Peter Thiel want to “escape from politics in all its forms,” and beyond dictatorship, there is no political mechanism of any kind in the Technocracy advocated by oligarchs like Elon Musk.

The oligarchy intends to make itself the feudal lords (founders) of private smart city-states similar to those currently being developed in China. The UN desires the same transformation. China-maxxing suits their shared agenda perfectly.

China-maxxing is yet more Western media propaganda, this time intended to convince Westerners that the model of government they are accustomed to no longer works. The Chinese development of Technocracy is better because it “yields[s] results.” Irrespective of the fact that no Westphalian-model Western government has ever operated as a democracy, China-maxxing has arrived to persuade Westerners that the so-called “representative democracies” that they have been misled to believe are democracies are now surplus to requirements.

Multipolaristas, specifically those working in the independent media, perhaps unwittingly argue that the dictatorial state control of human beings’ access to resources is acceptable because the accompanying surveillance state seemingly “yields[s] results.” Some say it reduces crime or that the gleaming towers of the new city-states are so beautifully clean and convenient. Others that China’s infrastructure investment strategy shows the world a clear alternative to austerity.

China is nation-building while Western nations decline and collapse. Chinese Technocracy “yields[s] results” that failing Western nations cannot match. Unless, logically, they too adopt Technocracy.

To an extent, the Multipolaristas make reasonable points. Who wouldn’t want to live in safe, clean cities? Who wants austerity when the state could invest in much-needed infrastructure instead? Who wouldn’t want the employment opportunities and the economic benefits that result? But all of the Multipolarista’s ostensibly reasonable observations and commentaries are based upon fatal omissions that result in them essentially spreading Western propaganda, intentionally or otherwise.

No state needs to impose a centralised technological population surveillance system in order to improve public safety, clean the environment or the streets, or invest in public infrastructure and its own economy. By effectively promoting global governance and Technocracy, the Multipolaristas’ foolhardy suggestion is that functional oligarchies are benevolent and that we should trust them.

Oligarchs are constructing their digital kill chains, and oligarchs like Musk are also promoters of China’s blossoming Technate. This is not a coincidence.

There are no historical examples of a state ever successfully imposing the full gamut of despotic behavioural control systems on a large population. But with its Greater Bay Area initiative, linking China’s numerous smart city projects together, China is reaching that point. Now Western mainstream and independent media outlets are showcasing China’s development to sell all the alleged benefits of Technocracy to Western populations.

Neither fascism nor communism even comes close to the behavioural dictatorship Technocracy is designed to inflict. Ignoring this aspect of China’s undoubtedly impressive modernisation is an epistemological error so profound it renders the rest of the Multipolaristas’ arguments practically irrelevant.

If the objective was not to enslave us, no state and no oligarch would construct Technates. The sole purpose of Technocracy is systematic human bondage.

From humanity’s perspective, there is nothing good about living in a Technocracy. No matter what incentives we are given, irrespective of the claimed benefits offered to entice us, giving our consent to those who wish to foist Technocracy upon us is an act of generational suicide.

There is, of course, no reason why we should agree to any of it.

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

Tyler Durden Fri, 07/24/2026 - 02:00

The Odyssey And The Tiresome Woke War Against White Culture

Zero Hedge -

The Odyssey And The Tiresome Woke War Against White Culture

Authored by Brandon Smith via Alt-Market.us

We’ve all heard the argument for most of our lives: “White culture doesn’t exist.” It’s perhaps the most common racial refrain because it’s the most socially acceptable to repeat. If someone said “Black culture doesn’t exist because black people all herald from different tribes…” that person would be browbeaten as a bigot by the woke mob. When it comes to white culture, such claims are applauded.

The question is, why is it okay to diminish or denigrate white culture while worshiping every other culture? Furthermore, if white culture doesn’t exist, why are woke minority groups constantly trying to hijack white history and accomplishments?

I want to explore this issue a little more deeply, mostly because of the endless targeting of western civilization through the leftist deconstruction of our most popular figures and mythologies. This time, the Hollywood elites have chosen Homer’s The Odyssey, an ancient Greek classic deeply rooted in western history (white history), as their victim.

Hollywood has pulled out ALL the stops for this movie and I suspect it’s because they are desperate. They are desperate for a woke win. They’ve had hundreds of failures both in film and television in the past few years and it’s starting to look like “Get Woke, Go Broke” is becoming the dominant force in popular discourse. The leftists can’t stand it.

In response, Hollywood has stacked the deck – They brought in Christopher Nolan, one of the only directors left in the industry who still has a built-in audience of simps who will go see his movies regardless of their quality. The distributors have focused on IMAX ticket sales for a wealthier clientele, artificially inflating the overall box office take.

The media has been running non-stop interference, promoting the movie heavily months in advance. Evidence also suggests that Rotten Tomatoes is once again rigging the audience score for this film by rejecting most negative reviews (they have done this with multiple woke tent pole movies over the years).

Hilariously, journalists are already declaring The Odyssey “proof” that “Get Woke, Go Broke” is a fallacy. As I write this, the movie hasn’t made a dime in profit yet. What I find most interesting, however, is that these activist journalists are actually using the phrase “Get Woke, Go Broke” in their vernacular. It’s an indirect admission of their agenda.

They are specifically citing our movement as their enemy and declaring us “defeated” because The Odyssey is projected to make money. By default, they are admitting that we are a threat to them, and that The Odyssey is a woke project designed to “silence us.” But why does this matter?

It’s important to understand that leftists think like children. They believe that having a “majority” is the same as being right; having a majority to them is the same as having power. If the Odyssey is a box office success, they think this proves that they are the dominant political movement.

They don’t care if their supposed majority is actually astroturf; if they can fool the public into thinking the political left has a social mandate, this will win them control over the culture. In other words, they’re trying to manufacture a consensus.

The Odyssey film is a clear salvo aimed directly at conservatives and western history. It is a multicultural travesty, a joke of a movie filled with historical inaccuracies and based on a deconstructionist translation written by a feminist academic from Oxford (Emily Wilson). The movie explicitly undermines the heroism of the story and makes Odysseus a broken man, suffering from “trauma” and PTSD over his regrets of the war and his “colonist” behavior.

But the spurious additions to the mythology are less interesting to me than the reasons they were included.

The deconstruction of Odysseus reminds me of what Kathleen Kennedy and friends at Disney did to Luke Skywalker in “The Last Jedi”. They took a brilliant, courageous and moral man and turned him into a shattered, crusty and nihilistic little bitch – completely the opposite of his original character. This was not a mistake, this was quite deliberate.

White people are not allowed to have bold, wise and confident heroes. We’re supposed to regret our history and our accomplishments. We’re not supposed to celebrate such things, because that might inspire us to be bold, wise and confident today.

The race swapped cast of The Odyssey featuring black actors, Hispanics, Asians, and other people (including a transgender Ellen Page playing a male Greek warrior) who would never have populated Homer’s era is the common angle of attack for woke Hollywood, but it’s not the only attack. If a main protagonist is white, as is the case in Nolan’s film, he must be torn down and made weak. He must be portrayed as shamed and desperate for redemption, which, of course, he will only receive by embracing progressive ideals.

The last thing Hollywood wants is to portray a white hero who is unapologetic for his actions and values.

This is the underlying woke messaging that really poisons the well when it comes to The Odyssey. The minority actors are primarily a shield from criticism. If anyone complains about African or Hispanic or Asian actors in a Greek epic, the media can pull the “racism” card and dismiss the issue outright. They assert that we merely hate seeing minorities in movies.

But it’s not minorities in movies that we have a problem with; it’s the injection of woke propaganda. This is the real crime. If Christopher Nolan made a film based on the African “Epic of Liyongo” from the 9th Century and he replaced the Swahili characters with white actors in a bid to hijack African history, the left wing would lose their collective minds and scream “cultural appropriation.”  The double standard is obvious.

Will Odyssey make a profit? Possibly. The movie had a big first weekend, but adjusted for inflation it didn’t even crack the top fifty on the list of opening weekend box office winners. The film has to make around $700 million in order to break even, not counting the 20% of the gross receipts that go to Christopher Nolan according to his contract.

I am doubtful that the studio will make much money on this flick, but Hollywood will declare it a victory all the same. Firstly, because no woke movie has had similar momentum in years. And secondly, because the political left is dying and they need a very public win in order to justify their habit of doubling down on failure.

Any sane and intelligent person would point out that one “successful” movie does not make up for the cemetery filled with woke box office disasters. This doesn’t matter to the activist mob. They think that one win will erase all their previous losses.

Furthermore, The Odyssey is intended to act as a continuation of the long Marxist march towards a multicultural west and the end of white history as we know it.

Homer’s epic poem was composed around 2800 years ago and is one of the oldest surviving works of literature in human history. It stands as a testament to the incredible accomplishments of the western world; part of the wellspring from which the modern west poured forth.

At the time The Odyssey was created, the Mediterranean was overwhelmingly Caucasian according to genetic records. This includes North Africa, which was majority Caucasian and largely “white” by modern standards. It should be noted that Sub-Saharan Africans did not exist in any notable quantity in North Africa or the Mediterranean until many centuries later because travel across the deserts of central Africa prevented their migration north for thousands of years.

Arabs were also limited and did not occupy the region in great numbers until the invasion of the Muslim hordes long after Homer lived.

Numerous images from the ancient Greeks and Macedonians, including pottery, murals and other surviving art, depict people of fair skin, often with blue eyes, and in some cases blonde hair, etc. In other words, they were white – Varying shades of white, but still white.

Simply pointing out this historical and scientific fact will immediately trigger the woke mob and their academic allies. You will be inundated with a flurry of exceptions and some tiresome mental gymnastics about why the people of these early civilizations were not really “white”. Remember, “white culture doesn’t exist”, only other cultures exist.

Far too many critics and historical conspiracy nuts actually think the demographics of North Africa and the Mediterranean in the time of Homer were the same as the demographics of North Africa and the Mediterranean today. They don’t know anything about the great migration shifts of the Middle Ages or the invasion of the Muslims. No meaningful discussion can be had with these people because their point of reference is built on pure ignorance.

Beyond that, there is another subset of dishonest people (woke leftists) who see it as their duty to undermine white history and rewrite as if it never existed. They often cater to the inferiority complexes of minority groups by asserting that white history is actually THEIR history. White people just “stole” accomplishments from other civilizations and replaced them over time.

This is part of the narrative that motivates the discourse over Christopher Nolan’s dismal film version of The Odyssey. It is a woke treatise, a magic talisman designed to brown-wash and feminize yet another piece of western heritage. It’s part of a greater agenda to make white people forget who we are, or at the very least, make us ashamed of who we are.

The end game? Like I said, it’s about the multicultural takeover of the western world. Everything stems from this scheme. Hollywood’s woke reboots are rooted in it. The mass immigration policies of leftist governments drive the agenda forward. The deconstruction of our history in public schools and colleges is designed to indoctrinate children so they never learn the truth.

Until one day, we look around, and everything that makes us who we are is gone, from meritocracy to republicanism, from Christianity to critical thinking, from innovation to entrepreneurship, from individual liberty to free markets, from property to responsibility, and yes, colonialism (the act of improving third world hellholes where people are incapable of improving their own surroundings so they don’t turn into pillagers trying to invade our countries).

All of it replaced with a socialist purgatory in which everyone is equally pathetic, hopeless and useless.

The whole conspiracy has become quite transparent and grimly boring. Luckily, one garbage movie isn’t going to change the overwhelming trend, which is the slow but steady decline of left-wing insanity. Nothing they are doing is hidden from us. We see it all, and in the long run, they’re going to lose. It’s inevitable.

Tyler Durden Thu, 07/23/2026 - 23:25

China Plans Planetary Defense Test By Slamming Mach 26 Spacecraft Into Asteroid

Zero Hedge -

China Plans Planetary Defense Test By Slamming Mach 26 Spacecraft Into Asteroid

A new paper under peer review by the Chinese-language Journal of Deep Space Exploration lays out an ambitious plan to crash a spacecraft at Mach 26, or 20,000 mph, into a near-Earth asteroid to test new planetary defenses.

The South China Morning Post reports that a team led by Li Mingtao, chief scientist for planetary defense at the China National Space Administration, is planning a mission even more ambitious than NASA’s Double Asteroid Redirection Test (DART).

That mission would slam a spacecraft into 2015 XF261, an asteroid estimated to be about 30 meters wide, in either 2029 or 2030.

"Dart was the first to demonstrate asteroid deflection by kinetic impact in space, but it did not directly change an asteroid's orbit around the sun relative to Earth, making it different from a real planetary-defense scenario," the researchers wrote in the report.

The planned impact would be nearly 50% faster than NASA’s 2022 DART, which hit the asteroid Dimorphos at 6.1 kilometers per second, or about Mach 18.

According to the paper, the mission calls for two spacecraft: one interceptor and one observation spacecraft, which would use a Venus gravity assist before rendezvousing with the target. It would deploy a small probe to monitor the collision and measure changes to the asteroid's orbit, shape, surface, and internal structure.

"Focusing on China's first asteroid-defense demonstration and verification mission, planned for implementation before 2030, this paper systematically reviews the frontier scientific questions in kinetic-impact asteroid defense to support mission design, implementation, and preliminary scientific research," the researchers said.

If successful, the test would become China's first end-to-end demonstration of an operational planetary-defense system. It will help scientists better understand how – and when – a kinetic impactor spacecraft could be used to deflect an Earth-bound asteroid.

Meanwhile, SpaceX will launch the NEO Surveyor asteroid-detection telescope no earlier than September 2027, which will discover and monitor most of the potentially hazardous asteroids and comets that come within 30 million miles of Earth's orbit.

Tyler Durden Thu, 07/23/2026 - 23:00

Will The Supreme Court Legalize Home Distilling?

Zero Hedge -

Will The Supreme Court Legalize Home Distilling?

Authored by Andrew M. Grossman & Robert Alt via RealClearPolicy,

Ohioan John Ream is an accomplished aerospace engineer and brewery owner. He would like to try his hand at making Bourbon. However, federal law prohibits distilling spirited beverages at home. On Monday, he filed a petition in the Supreme Court of the United States asking it to hear his case, which raises important questions about the limits of federal power.

Home distilling is, of course, as American as apple pie, and certainly a lot older. George Washington's Mount Vernon estate featured a distillery that, by 1799, was producing more than 10,000 gallons of whiskey per year. Nonetheless, Congress barred distilling inside any "dwelling house" or "shed, yard, or inclosure connected with a dwelling house" in what was, by all indications, a sop to the temperance movement. Later, Prohibition killed off what remained of craft spirits production.

The home-distilling ban ultimately survived both Prohibition and repeal, along with the distilled-spirits tax. Under the law, distilling, or even owning a set-up still, in a prohibited location like a home is punishable by fines, property forfeiture, and imprisonment. Given the draconian penalties, it's little surprise that hobby distilling has floundered while craft brewing and small-batch winemaking, both of which the law allows, have flourished.

Mr. Ream filed a lawsuit in federal court challenging whether that disparity has any lawful basis. The federal government, after all, possesses only the limited powers specified in the constitutional text. States, meanwhile, retain broad authority to legislate for the public good. This vertical separation of powers between the federal government and the states promotes accountability, responsiveness, and ultimately individual freedom.

Or it would, if the Court hadn't refashioned the Constitution's Commerce Clause, which authorizes Congress to "regulate Commerce...among the several States," and had long been understood to reach only interstate trade and the channels of such trade. But in the 1942 Wickard v. Filburn ruling, the Supreme Court eviscerated such limitations. At issue was a Soviet-inspired law capping wheat production to "rationalize" the agricultural sector and, by limiting its volume, drive up prices. Roscoe Filburn was an Ohio farmer who exceeded the imposed cap and grew enough wheat to feed both his family and the animals on his farm. The Court held that Congress may regulate any activity that, in aggregate, has a substantial effect on interstate commerce. Because widespread home-production of wheat would prevent Congress from regulating interstate prices, Congress could therefore restrict home production as part of its price-regulation scheme.

For the six decades following Wickard, the Court demurred in enforcing the Commerce Clause's limits. But by the mid-1990s, the Court appeared ready to chart a new course. First, it struck down the Gun-Free School Zones Act in a 1995 decision, United States v. Lopez, reasoning that merely carrying a gun near a school was too attenuated from interstate commerce to substantially affect it. Then the Court doubled down in United States v. Morrison (2000), which held unconstitutional a federal statute authorizing lawsuits by victims of gender-motivated violence. Morrison pared back Wickard's aggregation principle, suggesting that it applies only to inherently economic activities, and refused to defer to Congress's view on whether local activities substantially affect interstate commerce. Legal observers proclaimed a nascent "federalism revolution."

It didn't last. The promise of Lopez and Morrison was cut short by a 2005 decision, Gonzales v. Raich, upholding the Controlled Substances Act's prohibition on the home cultivation and consumption of marijuana subject to state regulation. Going well beyond Wickard, Raich applied its aggregation principle to noncommercial activity and adopted the maximally deferential "rational basis" standard for assessing Congress's need to regulate non-interstate activities. Taken on its own terms, Raich all but declares that anything goes with regard to regulation under the Commerce Clause.

One doubts that is the view of the current Court. Justice Thomas is the sole holdover from Raich, from which he dissented. His opinion explained how, if the Raich majority were right, then "the Federal Government is no longer one of limited and enumerated powers." Chief Justice Roberts wielded that same logic in his opinion holding that Obamacare's "individual mandate" to purchase health insurance was not authorized by the Commerce Clause, and the dissent joined by Justices Thomas and Samuel Alito reasoned similarly. Although the justices appointed by President Trump have not been afforded the occasion to opine on the Commerce Clause's limits, all three take seriously the Constitution's original meaning, its structural features, and the enumeration of powers as a constraint on federal power. Expect them to be more skeptical of assertions of federal authority than was the Raich majority.

John Ream's current challenge to the home-distilling ban takes aim at the excesses of Raich, and would be a meaningful first step toward rekindling the federalism revolution.

The U.S. Court of Appeals for the Sixth Circuit upheld the home-distilling prohibition, ruling that the ban, while not a tax, "is a necessary and proper means of collecting the federal excise tax on spirits," because stills could be hidden within homes in order to evade taxation.

The more defensible view on this same matter was expressed in a U.S. Court of Appeals for the Fifth Circuit decision by Judge Edith Jones issued eleven days earlier. Far from furthering collection of the tax, the ban serves to "reduce revenue by preventing individuals from making distilled spirits" otherwise subject to taxation. It would be improper to allow Congress to "criminalize nearly any at-home conduct only because it has the possibility of concealing taxable activity."

The split between the Fifth and Sixth Circuits on the home-distilling ban's constitutionality is reason enough for the Supreme Court to take Ream's case, resolve this conflict, and provide national uniformity in the law. But there's also a need for further clarity on the Commerce Clause and Raich's continued viability. Given the massive growth of the federal government and its intrusion into every facet of modern life, there are few issues more important or pressing for the Court's consideration.

Andrew M. Grossman and Robert Alt represent John Ream in his litigation and also the plaintiffs who prevailed before the Fifth Circuit. Mr. Alt is President and CEO of The Buckeye Institute, where Mr. Grossman is a Senior Legal Fellow.

Tyler Durden Thu, 07/23/2026 - 22:35

Mapping Americans' Per Capita Health Care Spending By State

Zero Hedge -

Mapping Americans' Per Capita Health Care Spending By State

Health care represents a major share of consumer spending in America, but the amount spent per resident varies considerably by location.

New data from the U.S. Bureau of Economic Analysis highlights the differences in per-capita health care spending across the country in 2024.

The map below, via Visual Capitalist's Srijaa Chatterjee, ranks every state using the latest Personal Consumption Expenditures by State data from the BEA. Figures are reported in current dollars and allocated according to residents’ state of residence.

Which States Spend the Most on Health Care?

Below is a ranking of states based on per-person health care spending:

Rank State Per-Capita Health Care Spending 1 Alaska $14,044 2 District of Columbia $13,865 3 South Dakota $12,451 4 New York $12,221 5 West Virginia $12,055 6 Delaware $11,987 7 Massachusetts $11,985 8 North Dakota $11,667 9 Vermont $11,493 10 Indiana $11,071 11 California $11,054 12 Maine $10,913 13 New Hampshire $10,682 14 Connecticut $10,639 15 Minnesota $10,567 16 New Jersey $10,468 17 Pennsylvania $10,262 18 Ohio $10,202 19 Nebraska $10,192 20 Louisiana $10,148 21 Wisconsin $10,079 22 Missouri $10,036 23 Kentucky $9,964 24 Oregon $9,931 25 Illinois $9,895 26 Rhode Island $9,864 27 Hawaii $9,808 28 Montana $9,747 29 Washington $9,693 30 Wyoming $9,640 31 Florida $9,545 32 Maryland $9,456 33 Virginia $9,123 34 Kansas $9,066 35 Oklahoma $9,052 36 Michigan $9,023 37 Colorado $8,871 38 Tennessee $8,761 39 North Carolina $8,744 40 Georgia $8,680 41 Iowa $8,660 42 Arkansas $8,562 43 Arizona $8,556 44 New Mexico $8,469 45 Mississippi $8,135 46 Idaho $8,078 47 Alabama $7,980 48 Texas $7,807 49 South Carolina $7,741 50 Nevada $7,536 51 Utah $7,233

Alaska spent nearly twice as much per resident on health care as Utah in 2024.

Several Northeastern states, along with South Dakota and Washington, D.C., also ranked near the top. Meanwhile, much of the Mountain West and South recorded below-average spending.

Why Do Some States Spend More Than Others?

Higher spending does not necessarily mean residents receive more medical care.

Numerous studies have found that differences in prices, especially for hospital and physician services, explain much more of the variation in U.S. health spending than differences in how often people use care. Administrative costs, provider wages, and regional labor markets also play major roles.

State-specific factors matter as well. Alaska’s remote geography and limited provider network make delivering care significantly more expensive, while states with older populations often spend more because seniors tend to use more medical services.

Broader insurance coverage can also increase the share of care captured in personal consumption expenditures.

Health Care Spending Continues to Climb

Nationally, health care expenditures continue to rise.

CMS projects U.S. health spending will approach $9 trillion annually by 2034, driven by increased enrollment in Medicare and Medicaid, along with continued growth in health care prices. Despite already spending more per person than any comparable high-income country, the U.S. is expected to devote an even larger share of its economy to health care over the next decade.

International comparisons show the U.S. spends substantially more on health care than other high-income countries, largely because medical services cost more rather than because Americans use dramatically more care.

As national spending continues to rise, the nearly twofold gap between states highlights how geography remains a major factor in what Americans ultimately spend on health care.

If you enjoyed this visualization, check out Americans Pay More for Healthcare, Yet Have Shorter Life Expectancy on the Voronoi app, where you can discover thousands of data-driven charts from trusted sources covering health, economics, markets, and more.

Tyler Durden Thu, 07/23/2026 - 22:10

Waste Of The Day: Education Fraud Sweeps Nation

Zero Hedge -

Waste Of The Day: Education Fraud Sweeps Nation

Authored by Jeremy Portnoy via RealClearInvestigations,

Topline: Since 2019, school districts across 24 states and Puerto Rico have lost $225 million to fraud confirmed by the U.S. Department of Education inspector general's semiannual report to Congress. No more than $67 million has been recovered.

Key facts: Open the Books and the State Financial Officers Foundation documented 74 instances of confirmed school fraud, averaging over $3 million each. There are far more that have gone unprosecuted or undetected.

Florida and Illinois schools each had the most instances of fraud with 11.

Indiana lost the most money - $44 million - due to inflated attendance numbers that increased state funding to two schools. The schools' founder then allegedly sent the money to companies he owned. The schools closed in 2019, and four alleged conspirators were charged in 2024.

At Broward County Public Schools in Florida, information officer Anthony Hunter allegedly used district funds to buy $17 million worth of school supplies from a friend's business, ignoring the competitive bidding process. In return, the friend hired Hunter and his son to work a security job and sold Hunter a house for $150,000 below market value, state prosecutors claim

Chicago Public Schools received $1 million of federal grants meant for Native American students, using an application that included more than 1,000 students of South Asian descent. The district was unable to verify how many students were actually in the program, and agreed to repay the money.

Fraud arguably hits small school districts the hardest because they have fewer budgetary resources to begin with. When Janis Bucknor, former head of Community Preparatory Academy in California, admitted to stealing $3 million from the school over five years, it amounted to one-third of all the school's state and federal funding.

Bucknor spent $220,600 of the money on Disney vacations and also funded her internet shopping and private school tuition for her kids. She was sentenced to three years of home detention and ordered to repay the money.

Summary: The government loses hundreds of billions of dollars to fraud annually, but redirecting money away from children's education is especially egregious.

The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com

Tyler Durden Thu, 07/23/2026 - 21:45

India Targets Five Small Modular Reactors By 2033

Zero Hedge -

India Targets Five Small Modular Reactors By 2033

India expects to build domestically five small modular reactors (SMRs) by 2033, India’s Atomic Energy Minister, Jitendra Singh, said. The five SMRs would be part of India’s push to accelerate nuclear power capacity installations over the next two decades, the minister told lawmakers in a written reply to questions as carried by local media.

The Bhabha Atomic Research Centre (BARC), India’s premier nuclear research facility under the Department of Atomic Energy, is currently developing a 220-MW Bharat Small Modular Reactor, a 55-MW reactor, and a high-temperature gas-cooled reactor designed to produce hydrogen, Singh said quoted by OilPrice.com.

As per India’s nuclear energy roadmap, the country aims to boost its installed nuclear power capacity from 8.78 gigawatts (GW) now to about 22 GW by the 2031-32 fiscal year, the minister said.

India goal is to boost its installed nuclear power capacity to 100 GW by 2047, up from just 8.8 GW now. This would require as much as 19.28 trillion Indian rupees, or $200 billion at current exchange rates, of cumulative capital, a panel set up by India’s power ministry said in the ‘roadmap to 100 GW’ report last year.

At the end of 2025, India’s government approved the landmark Atomic Energy Bill, which allows private companies to invest in its nuclear energy industry for the first time, as the country looks to boost nuclear power capacity tenfold within two decades.

The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) Act could drive huge investments from private companies in India’s nuclear energy sector.

Yet, Indian state-owned NTPC Ltd, the biggest utility in the country, is expected to account for 30% of the new nuclear power capacity installations by 2047.

NTPC, currently the only nuclear power generator in India, is now looking to acquire stakes in uranium assets globally to secure fuel for the expected massive expansion of India’s nuclear power capacity.

Tyler Durden Thu, 07/23/2026 - 21:20

Behind America's Growing 'Food Freedom' Movement

Zero Hedge -

Behind America's Growing 'Food Freedom' Movement

Authored by Jeff Louderback via The Epoch Times,

Joel Salatin wants to liberate Americans from over-regulation with neighbor-to-neighbor food commerce.

Salatin, who runs Polyface Farm in the hills of Virginia's Shenandoah Valley, is pitching the concept of a "Food Emancipation Proclamation."

Chickens, turkeys, and cows at Polyface Farms, in Swoope, Va., and The Family Cow, in Chambersburg, Pa., in these file photos. The regenerative farms are part of a growing push for “food emancipation”—neighbors feeding neighbors. Courtesy of Polyface Farms, Courtesy of The Family Cow

Through what he envisions as a federal declaration, consenting adults would be allowed to buy and sell homemade and farmstead food directly, without the costly commercial infrastructure and cumbersome government regulation currently in place.

Salatin's mission reflects a push among homesteaders and independent farmers to cultivate local food networks, where food is grown and raised without chemicals and consumers can gain a more transparent connection to how food is produced.

The Next 15 Years

At its core, food emancipation and local food networks are about neighbors feeding neighbors, sidestepping a system many no longer trust.

Salatin told The Epoch Times that the American food system is at a historic inflection point. He points to an aging farm class; the average American farmer is now around 60 years old.

Around half of U.S. agricultural equity is expected to change hands in the next 15 years, he said.

"That's the most unprecedented peaceful transfer in modern history," he said.

In 2025, Americans spent 56.3 percent of their food dollars on items prepared outside the home, at restaurants, at fast-food chains, and through takeout delivery services. Overall, out-of-home food spending reached a record $1.41 trillion out of a total $2.51 trillion in national food spending, according to the U.S. Department of Agriculture (USDA).

Meanwhile, the farmer's share of the retail food dollar after production expenses has plummeted to roughly 5.8 cents today, according to the USDA. That figure was 40 cents in the mid-20th century.

The idea of food emancipation is simple: Let small producers legally and freely sell directly to the people who want their food.

Salatin notes that the real barrier to young people entering farming is not access to land alone, but the inability to profit from small-scale, value-added food production under existing rules.

He illustrates the gap with a simple calculation.

On a couple of acres, a farmer might raise 1,200 pastured chickens, selling them as whole birds or cut-up parts at an average of about $30 per bird, yielding $36,000 in gross income, he said.

If that same farmer could legally turn those birds into homemade chicken pot pies - free of dyes, seed oils, and industrial additives - and market them as high-quality convenience food, the average value per bird could jump to around $200, he explained, turning the same flock into $240,000 in revenue on the same land.

Once a farmer moves from raw ingredients to prepared foods, the regulatory threshold explodes, going from a home kitchen with existing equipment to what he described as "a half-million-dollar requirement to sell one chicken pot pie."

Saving The Family Farm

Pennsylvania dairy farmer Edwin Shank told The Epoch Times that his family nearly lost a four-generation farm after expanding from 40 to 300 cows under university-driven advice that prioritized volume above all else.

Despite filling a tractor-trailer with milk every two days, the Shanks were going bankrupt.

Milk checks came once a month - whatever the processor felt like paying. His banker warned that if nothing changed in three to four months, the farm would be gone.

A family portrait from that period, he said, looks idyllic - flowers, six children, a tidy yard - but behind the smiles they "were losing the farm."

"Inside the fence, hope is outside the fence," he said, quoting a conventional dairyman who described it as "a hard time to be a farmer these days."

The Shanks' response was to step outside the fence.

They converted their operation to certified organic; then, with borrowed money and little capital, they began selling raw milk directly from the farm under Pennsylvania's permit system. They couldn't afford a modern facility, so they bought used refrigerated semi-trailers - or reefers - for a few thousand dollars each and bolted them together into a makeshift cold-storage complex.

Business started to flourish after a phone call from New Jersey. A mother in Trenton asked if Shank could deliver raw milk across the state line. Legally, he could not, but he took a cue from Salatin.

"I told her, 'I can't deliver to you alone, but if you have enough friends, I can meet you at the state line,'" Shank recalled. The customer organized five families. That was enough for Shank to load his minivan and make the three-hour trip.

He drove down I-95 and reached the exit ramp to New Hope.

"Right there, it went through me," he said. "God, are you telling me something?"

That first drop point grew into a network of 55 delivery locations. Shank's business, The Family Cow, ships raw dairy, grass-fed beef, pastured pork and poultry, and other regenerative products five days a week to thousands of households.

'Survival Of The Collaborators'

Around 90 percent of the business is now online, Shank said, with about 10 percent sold through a new on-farm retail store and cafe that offers sourdough-based sandwiches piled high with organic, grass-fed meats and slathered in real butter.

Shank abandoned the idea that his farm had to produce everything it sold. He opted to develop what he calls "survival of the collaborators."

Multiple family farms share production.

Two dairies supply raw milk, seven families produce pastured eggs, and 11 families raise grass-fed beef. Other families specialize in pastured pork, turkeys, and piglets.

The Family Cow brought aboard three young families to raise pastured poultry. The farm provided the market, butchering, and marketing know-how, while the families provided the labor and land. In their first year, the group produced 10,000 chickens.

Shank is open to suggestions from entrepreneurs. A mother and daughter approached him, offering water kefir priced at $5 per jar. Initially, Shank acknowledged that he doubted customers would pay.

Within six months, they sold 10,000 jars through The Family Cow network, Shank said.

Getting Healthy

Max Kane, a raw milk activist and farmer in Wisconsin, reversed a life-threatening illness by changing his diet and has emerged as a leading voice in the fight for food sovereignty, raw milk access, and local farm-based economies.

Diagnosed with degenerative Crohn's disease at 11, he spent more than a decade cycling through surgeries, supplements, and medications with little improvement. The Chicago native rejected the conventional medical path and switched to an all-unprocessed, farm-direct diet from local producers. That restored his health and allowed him to leave federal disability assistance and become what he calls "a functional, contributing member of society" in his mid-20s.

Today, Kane operates a 211-acre farm in southwest Wisconsin and a raw milk buying club that has served Chicago-area families for around two decades.

In 2009, he said, the USDA, Food and Drug Administration, and state authorities tried to put him in jail for 18 months over his raw milk deliveries to Chicago. The experience spurred his advocacy for legalizing raw milk and reinforced his view that Americans must have the freedom to opt out of the industrial food system and to form private food networks between farmers and consumers.

He created Farm Match, an online marketplace he described as "Etsy for local food." The platform connects consumers directly with vetted farms and buying clubs.

Homesteading at any level - whether it involves full rural homesteads, balcony gardens in urban high-rises, or suburban backyard gardens - is on the rise because of the failures of the current industrial food system, defined by ultra-processed foods and unpredictable supply chains, Kane told The Epoch Times.

Industrial supply chains lack true transparency and traceability, which allows ingredients to be legally hidden from labels and makes it difficult for consumers to understand what they are eating or to track the source of contamination when something goes wrong, Kane noted.

Economically, this "takes the money out of the local economy and sends it far away, undermining rural communities and small producers," he said.

"Simply put, the food people eat is the single biggest determinant of their ability to perform their life, no matter what they do for a living," Kane said. "If citizens cannot legally build private food systems that nourish their bodies and minds, they risk becoming permanently dependent on an infrastructure that leaves them sick, disempowered, and economically sidelined."

Sally Fallon Morell agrees. The founding president of the Weston A. Price Foundation - a nonprofit that promotes traditional diets, whole foods, and the consumption of animal fats - shared a simple grassroots strategy that bypasses corporate supply chains and empowers small, pasture-based producers during her discussion with The Epoch Times.

"If we asked people to spend half their food dollars on direct purchases from farms, it would change everything, and we'd get back to the kind of farming that we want to promote," Fallon Morell said.

Her vision includes buying raw milk, eggs, and meat directly from regenerative farmers, and supporting local artisans and small-scale producers of sourdough bread, sauerkraut, and other traditionally prepared foods.

This encourages interdependence and local networks, she added.

"The goal is a resilient local web of producers and eaters, not a homestead cut off from the broader world," she said.

Customers wait at Raising Canes Chicken Fingers in Washington on March 12, 2026. In 2025, Americans spent around 55 percent of their food dollars on items prepared outside the home at restaurants, fast-food chains, and through takeout delivery services. Madalina Kilroy/The Epoch Times Tyler Durden Thu, 07/23/2026 - 20:55

These Are The States Where Speeding Is Most Likely To Kill You

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These Are The States Where Speeding Is Most Likely To Kill You

Montana has the highest rate of speeding-related traffic deaths per capita in the United States, underscoring a reality that runs counter to how most people think about dangerous driving, according to a new study by Siegfried and Jensen

While speeding is often associated with crowded urban highways and aggressive commuters, the greatest danger appears to exist on long, open rural roads where higher speed limits, lighter traffic, and longer emergency response times can turn a single mistake into a deadly crash.

Speeding claimed 11,288 lives across the country in 2024, making it the second-leading cause of fatal crashes behind only alcohol-impaired driving. It was a contributing factor in roughly 29% of all traffic fatalities, meaning nearly one out of every three people killed on American roads died in a crash where speed played a role.

A new analysis by Siegfried & Jensen ranked states by speeding deaths after adjusting for population. Montana finished first, followed by South Carolina, Wyoming, New Mexico, and North Carolina. Many of these states have similar characteristics, including vast stretches of rural highway, relatively high posted speed limits, and significant distances between towns, hospitals, and emergency responders.

The findings challenge the conventional wisdom that speeding is primarily an urban problem driven by congestion or road rage. Instead, the data suggests rural highways may be even more dangerous. Drivers often feel comfortable traveling well above the speed limit on open roads, but when crashes occur at those speeds, the consequences are far more severe. With fewer barriers, longer response times, and higher impact forces, accidents that might be survivable elsewhere are much more likely to become fatal.

There is also a seasonal pattern to these crashes. Fatal speeding accidents climb sharply during the warmer months, with May, June, and September each recording close to 1,000 deadly crashes involving excessive speed. The trend remains elevated throughout late summer and into early fall, suggesting increased travel, vacations, and heavier highway traffic all contribute to the higher death toll.

Despite decades of public awareness campaigns, stricter enforcement, and tougher penalties, speeding remains one of the nation's deadliest driving behaviors. Unlike some other traffic risks that have gradually improved through advances in vehicle safety technology, excessive speed continues to claim more than 11,000 lives every year.

The report also notes that speeding's true role in fatal crashes is likely even larger than official statistics indicate. A crash is only classified as speeding-related when investigators determine a driver was speeding, racing, or traveling too fast for road or weather conditions. In many serious collisions, speed may contribute to the outcome without ever being officially recorded as the primary cause.

The broader findings suggest geography plays an enormous role in roadway safety. While the country's largest states record the highest raw number of traffic fatalities, smaller and more rural states consistently post the highest death rates after adjusting for population. Long travel distances, limited transportation alternatives, and high-speed rural roads appear to create a particularly dangerous combination.

The analysis serves as another reminder that speeding is far more than a traffic violation. It remains one of the leading causes of preventable deaths in the United States, and the places where drivers feel safest putting their foot down may ultimately be where the risks are greatest.

Tyler Durden Thu, 07/23/2026 - 20:30

Authorities Arrest Fugitive Behind Alleged $547 Million Medicare Fraud

Zero Hedge -

Authorities Arrest Fugitive Behind Alleged $547 Million Medicare Fraud

Authored by Naveen Athrappully via The Epoch Times,

A man on the FBI’s Most Wanted Fraudsters list, accused of a scheme to defraud Medicare of $547 million, was arrested by authorities on Monday.

The foreign national, Khalid Satary, 54, owned and operated multiple diagnostic testing laboratories in the United States between 2016 and 2019 that billed Medicare for “expensive and medically unnecessary genetic tests,” the Department of Justice (DOJ) said in a July 21 statement.

Satary is accused of conspiring with several patient recruiters and telemarketing services to generate unnecessary cancer genetic test samples that were reimbursed by Medicare at the rate of $10,000 to $20,000 per sample.

To run the operation, Satary allegedly paid millions of dollars in bribes and illegal kickbacks to patient recruiters and doctors.

The defendant was initially indicted in 2019. However, Satary was later released on bond, with the condition that he doesn’t work in the healthcare sector. While on bond, Satary allegedly conspired with labs in Texas to continue submitting fraudulent genetic testing claims to Medicare.

A federal arrest warrant was issued against him in December 2022. However, Satary failed to appear for a court hearing and was believed to have escaped the United States. On July 20 this year, the defendant was arrested in the Middle East with a fake Mexican passport using a fake name. He was then transferred to U.S. authorities.

The Most Wanted Fraudsters list was announced by FBI Director Kash Patel last month. The White House Task Force to Eliminate Fraud partnered with the FBI to compile the list, according to a June 19 X post from Vice President JD Vance, the task force’s chairman.

The task force was established through a March 16 executive order signed by President Donald Trump, which said criminals and other individuals were exploiting various benefit programs intended to provide American citizens with a safety net.

Trump ordered the task force to “coordinate and accelerate a comprehensive national strategy to stop fraud, waste, and abuse within Federal benefit programs.”

One of those on the list, Said Abdullahi Ereg, surrendered to law enforcement on June 10, according to the FBI and federal prosecutors. Ereg is accused of laundering millions of dollars from a program that aimed to feed needy children during the COVID-19 pandemic.

Another individual on the list, Herbert Leon Kimble, accused of $1.2 billion Medicare fraud, was arrested on June 11 in the Philippines.

In its latest statement, the DOJ said that Satary has been charged with various fraud-related crimes, conspiracy to commit money laundering, and paying bribes and illegal healthcare kickbacks. He faces a multi-decade prison term if convicted.

“The arrest of Khalid Ahmed Satary and return to the U.S. is the third Most Wanted Fraudster capture from this FBI and our partners in just five weeks—continuing the historic run of success for this new initiative,” Patel said in the statement.

“This is another subject who exploited a program dedicated to helping our most vulnerable and instead stole for himself. Satary has been on the run since 2022, but we got him thanks to great work and coordination from the interagency and our overseas partners.”

The Epoch Times was unable to reach Satary’s legal representative.

According to the FBI’s website, Satary is one among nine individuals currently mentioned on the Most Wanted Fraudsters list.

One of the individuals is a naturalized U.S. citizen of Somali origin wanted for allegedly being part of a fraud scheme that exploited the federal Child Nutrition Program during the COVID-19 pandemic.

Another individual, a female from Jamaica, is linked to a scheme that fraudulently obtained more than $32 million from COVID-19 relief funds.

A third person, a U.S. citizen, is wanted for alleged involvement in a mail fraud scheme in Georgia. The man allegedly defrauded at least $10 million from his victims.

Meanwhile, on June 23, the DOJ announced that a coordinated enforcement action involving a whole-of-government approach led to the arrests of 455 individuals for their alleged role in healthcare fraud and opioid abuse schemes.

The schemes, which involved more than $6.5 billion in false claims, posed “significant patient harm,” including death. Among the arrested were two Estonians connected to a $10.6 billion fraud scheme.

Tyler Durden Thu, 07/23/2026 - 20:05

Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint

Zero Hedge -

Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint

Brent crude futures topped $100 a barrel (Read RBC note) as disruption at the Strait of Hormuz spread to Bab el-Mandeb in the southern Red Sea. Combined with intensifying Black Sea fighting between Russia and Ukraine, the widening chokepoint crisis has put the energy complex and broader global commodities market on edge.

"The curve on Brent and WTI is getting again very steep backwardated compared to when the diplomatic route to solve the Middle East conflict was on the table and seemed to be making progress," UBS analyst Claudio Martucci wrote in a note.

The reemergence of chokepoint chaos in the Strait of Hormuz, now spreading to Bab el-Mandeb, has provided Gulf states with a critical reminder of the risks associated with maritime export routes. This disruption is accelerating efforts to bypass vulnerable chokepoints and spurring a major infrastructure boom.

At least seven major pipeline projects are under construction, being planned or under discussion, according to the Associated Press.

Saudi Arabia's East-West pipeline already provides the region's most important alternative, carrying crude from Abqaiq to Yanbu on the Red Sea.

The UAE has also increased oil shipments to Fujairah on the Gulf of Oman, bypassing Hormuz. Together, the Fujairah route and Saudi Arabia's East-West pipeline had between 3.5 million and 5.5 million barrels a day of spare capacity before the war, according to the EIA. Both pipelines are now operating near capacity.

Even Dubai's state-owned ports and logistics giant, DP World, is planning to bypass the critical waterway with a new container port on the UAE's east coast in Fujairah.

The UAE has plans to expand Fujairah's export capacity, and more recently, the US is backing talks to revive an oil pipeline from Iraq to Syria's Mediterranean coast. This would create yet another export route that would entirely bypass the Hormuz chokepoint and, in turn, erode Tehran's leverage over shipping traffic.

Our coverage on the Gulf energy rewiring:

What's key to understand here is that seven projects by U.S.-aligned Gulf states are set to rewire energy flows in the Gulf region, which will only erode Tehran's leverage over Hormuz.

Tyler Durden Thu, 07/23/2026 - 19:40

Justice Department Withdraws Subpoenas Of New York Times Journalists

Zero Hedge -

Justice Department Withdraws Subpoenas Of New York Times Journalists

Authored by Timothy Frudd via The Epoch Times,

The Justice Department has withdrawn subpoenas for three reporters from The New York Times following criticism from a federal judge.

U.S. District Judge Arun Subramanian indicated on July 23 that he would have granted the request from the newspaper to reject the subpoenas if the Justice Department had not withdrawn them.

Subramanian said that the government was required to ensure that it could not obtain the information it sought from any other sources before subpoenaing journalists.

“Subpoenas are not the first thing you do; they are the last thing you do,” the judge said.

The Justice Department issued subpoenas to three journalists at The New York Times on July 10 after the newspaper published a report on alleged concerns about the new Air Force One, the plane used by the president, which was donated by the Qatari government.

The report alleged that the new aircraft lacked advanced security features, including anti-missile capabilities. It also said the Secret Service had urged President Donald Trump to use the old Air Force One as he departed from the NATO summit in Turkey earlier this month.

U.S. Attorney for the Southern District of New York Jay Clayton, who was nominated by Trump to be the next director of national intelligence, issued the subpoenas.

During the July 23 hearing, Subramanian questioned government lawyers regarding the steps they took in their investigation. He cited rules protecting against violations of the First Amendment and said the department’s actions had turned the law “on its head.”

“When you see something like this, if this were a civil proceeding, what I would normally do is ask the parties to show causes why sanctions should not be issued,” the judge said.

A Justice Department spokesperson told The Epoch Times in an email on July 23 that Subramanian threatened the government attorneys with sanctions unless the subpoenas were withdrawn. The spokesperson said the judge also blocked the government from “presenting the meticulous process of this investigation.”

“The grand jury has a right to hear testimony from all material witnesses in a federal criminal investigation,” the spokesperson told The Epoch Times. “This judge’s conduct overrides clear longstanding principles and common sense-blocking the grand jury from receiving core evidence in a national security investigation.”

Despite withdrawing the subpoenas on Thursday, the Justice Department spokesperson confirmed that the investigation remained ongoing.

“Make no mistake, this investigation remains ongoing, and we will pursue justice against those threatening national security by leaking classified information, a serious federal crime,” the spokesperson added.

In a statement on July 11, David McCraw, the senior vice president and deputy general counsel for The New York Times, criticized the subpoenas as an “attempt to prevent the public from knowing what is happening in their country by intimidating journalists from doing their jobs.”

The Justice Department’s rapid response account responded by saying that the department had an important role to ensure that people entrusted with classified information did not share it. “To be clear, reporters are not the targets; those leaking classified information are,” the department said.

On July 15, The New York Times asked a court to toss out the grand jury subpoenas. In a motion unsealed on July 20, the paper also said the Justice Department issued subpoenas to obtain phone records of the publication’s journalists and some of their family members.

“Two of the subpoenas seek records beginning on January 1, 2026, long before the events that are purportedly the basis for the Department’s investigation,” the publication wrote in a letter. “That timeframe strongly suggests that the Department is using this investigation not to focus on any purported concerns arising from the July 8 and 9 articles, but instead to forage for information about the Journalists’ source relationships more broadly.”

During his confirmation before the Senate Intelligence Committee on July 15, Clayton maintained that the Southern District of New York’s office followed protocol when issuing the subpoenas.

“I’m confident that the procedures that we have in place to protect the First Amendment and protect the freedom of the press and not result in intimidation of journalists or the like were followed,” he said.

Tyler Durden Thu, 07/23/2026 - 19:15

James Carville Calls On Democrats To Cave On Voter ID

Zero Hedge -

James Carville Calls On Democrats To Cave On Voter ID

The SAVE America Act, which would mandate proof of citizenship along with valid ID for federal elections and tighten mail-in voting rules, remains stalled in Congress due to the Democrats' filibuster in the Senate, even though the underlying idea is among the most popular in American politics.

Gallup found 84 percent of Americans favor requiring photo identification at the polling place, and 83 percent favor proof of citizenship for first-time registrants - including 98 percent of Republicans, 84 percent of independents, and 67 percent of Democrats. Pew Research Center put photo-ID support at 83 percent, with 95 percent of Republicans and 71 percent of Democrats behind it and only 16 percent opposed. Rasmussen found 77 percent of likely voters calling photo ID a reasonable measure to protect election integrity. Thirty-six states already request or require identification for in-person voting.

As CNN's Harry Enten put it: "The bottom line is this: Voter ID is NOT controversial in this country."

A bill with that kind of consensus isn't controversial, yet Senate Democrats keep blocking it. Now longtime Democratic strategist James Carville is looking at those numbers and has decided his own party needs an exit ramp. On his podcast, Politics War Room, he told Democrats to stop fighting voter ID and find a way out of a fight he believes is already lost.

The trigger for the conversation was New Jersey. Carville's co-host Al Hunt opened by noting the right had seized on Gov. Mikie Sherrill's disclosure that roughly 6,600 noncitizens were registered to vote in the state, fewer than 400 of whom cast ballots.

"Voter fraud in the United States is an infinitesimal problem," Carville said. "I don't even... to the extent, I guess you could say it exists, anything could exist, it exists on such a minuscule scale, and it's been proven time and time and time again."

That is where most Democrats stop - the problem is too small to bother with. Carville kept going.

"But I don't know if we're not better off saying, okay, we'll take that alternative ID, bring your gas bill or your light bill or something," he said. "Because for whatever reason, it polls at 75%."

He pointed to his home state of Louisiana, where voters already have to show a driver's license at the polls, and asked why the national party keeps treating that standard as an emergency. A rule allowing alternative documents such as a gas or electric bill still polls at 75 percent - a number that should give pause to a party that has spent a decade calling identification requirements a modern poll tax.

"We are not gonna win the war" on some kind of ID, Carville said. "I never had a problem with it. I'm just saying of all the things... if every poll shows 75 or better, saying we should have some kind of ID to vote... just quit fighting it and go along with it and move to the next thing."

Hunt pushed back, arguing that most states already have ID requirements and criticizing the SAVE America Act directly. Carville was quick to draw the same line. "I'm not talking about the SAVE Act, I'm not talking about the SAVE Act at all," he said. His proposal was narrower: "Whatever the law in Louisiana is, make it the national law."

It is worth being precise about what the New Jersey episode actually was, because it is not quite the case for the policy Carville is conceding. Those 6,600 people had pressed "no" when a Motor Vehicle Commission keypad asked whether they were U.S. citizens, and a software defect registered them anyway. They held valid state identification - that is why they were at the MVC. An ID check at the polling place catches someone voting under another person's name. It does not catch a state agency overriding what an applicant told it.

Which is rather the point of Carville's argument. He is not claiming voter ID would fix anything. He is saying it costs Democrats nothing and they are losing the fight anyway - that a party cannot win by declaring war on a basic expectation shared by nearly every voting bloc, and that the energy would be better spent on arguments it can win.

The concession is notable coming from this particular program. Politics War Room has hosted the Brennan Center's Michael Waldman to argue that widespread voter fraud is a myth and to pick apart the SAVE Act. Carville still believes the first part. He has simply stopped believing it matters.

Tyler Durden Thu, 07/23/2026 - 18:50

Trump Admin Weighing Military Intervention In Mali

Zero Hedge -

Trump Admin Weighing Military Intervention In Mali

Authored by Dave DeCamp via AntiWar.com,

The Washington Post reported on Wednesday that the Trump administration is considering conducting military action against an al-Qaeda affiliate in Mali, which, if carried out, would mark the eighth known country bombed by the US since President Trump returned to power last year.

The report said there is disagreement among Trump officials over the potential military intervention, and named Sebastian Gorka, a British-born former radio host who currently serves as senior director for counterterrorism on the National Security Council, as a vocal advocate for military force in the administration.

File image via Brookings

Gorka also pushed for the US to escalate its air war in Somalia, and he got his wish, as the Trump administration has carried out a record-shattering number of airstrikes in the country, attacks that are ignored by US media, but there is little to show for the escalation as al-Shabaab has continued to make advances against the US-backed government.

The al-Qaeda-linked group in Mali, known as Jama’at Nusrat al-Islam, or JNIM, has been waging a major offensive along with Tuareg separatists, formally known as the Azawad Liberation Front, against the Mali government, which took power in a 2021 coup and is backed by Russia.

The US's ally Ukraine has been on the other side of the conflict, as it’s known to have provided drones and intelligence support for Tuareg militants fighting against the Malian military and Russian mercenaries.

When asked by the Post if the administration intends to take military action in Mali, a White House official told the paper that terrorist activity in the Sahel is a “multinational problem” and urged “regional partners and NATO allies to support the Alliance of Sahel States in their war against JNIM and ISIS.”

The Alliance of Sahel States (AES) is a confederation of Mali, Burkina Faso, and Niger, three West African countries where military juntas ousted governments that had maintained close ties with Western countries and the Economic Community of West African States (ECOWAS).

The official suggested the administration may attempt to peel Mali and other countries in the region away from Russia, saying that Moscow “has proven to be an ineffective security partner for Mali” and that the US hoped “that other African nations take note of Russia’s terrible performance in combating terrorism.”

Tyler Durden Thu, 07/23/2026 - 18:25

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