The American Majority
Drone strikes residential building in Romania Romania's Defense Ministry claimed that the UAV which injured two people in the city of Galati came from Russia. A drone crashed into an apartment block in eastern Romania near the Ukrainian border on Friday,โฆ
Romanian authorities say eyewitnesses report seeing a ghost walking about shortly before the drone impacted in what some describe as an ominous sign. The locals have started calling it the Spirit of Anchorage.
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US credit card debt continues to rise while people save less and less. During the pandemic, people were temporarily stuck at home receiving their stimmies, which drove the personal savings rate to a generational high, but since the pandemic ended, everyone returned to spending, and faced with higher prices, decided to put much of it on the credit card. Part of what drives prices higher is the typical American consumer's inelastic demand for goods and services. Companies can raise prices, and we will pay it, and they know it.
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The American Majority
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US household debt has declined over the past 20 years as a percentage of GDP, but this can be explained by inflation and the slowdown in existing home sales. Inflation, of course, boosts nominal GDP making the debt to GDP ratio appear healthier, but it simply means people are using the expansion of the money supply to pay off old debts, meanwhile people aren't taking out mortgages at the rate that they used to.
While new home sales appear to have recovered nicely from the 2008 housing crisis lows (can you believe that was almost 20 years ago!), existing home sales hace returned to what we saw during that very crisis. Existing home sales tend to outnumber new home sales 10-1, so they are the bigger factor.
So when you take what I mentioned in my previous post and this one together, people are getting into more "bad" debt, saving less, and accumulating fewer durable assets.
While new home sales appear to have recovered nicely from the 2008 housing crisis lows (can you believe that was almost 20 years ago!), existing home sales hace returned to what we saw during that very crisis. Existing home sales tend to outnumber new home sales 10-1, so they are the bigger factor.
So when you take what I mentioned in my previous post and this one together, people are getting into more "bad" debt, saving less, and accumulating fewer durable assets.
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Trump concluded the meeting in the Situation Room on the Iranian deal, without making a decision, The New York Times reports, citing a senior administration official.
According to him, other issues have already been agreed upon. The uranium will be removed to the US in coordination with Iran and the IAEA and be destroyed, and the naval mines will be eliminated if necessary.
In addition, as the US president reported, the deal provides for the immediate opening of the Strait of Hormuz, for which no fees will be charged for passage.
Iran did not confirm this.
The details of the draft agreement between Iran and the US were published by the Iranian agency Fars, citing sources.
The main points:
- $12 billion will be immediately paid to Tehran from frozen assets abroad;
- Issues of sanctions and the nuclear program will be discussed after a ceasefire in Lebanon and the unfreezing of some foreign assets;
- The dismantling of nuclear facilities and the disposal of Iranian nuclear materials are not implied;
- The agreement does not state that Tehran does not have the right to charge a fee for the passage of ships through the Strait of Hormuz.
The results of negotiations are about as clear as mud...
According to him, other issues have already been agreed upon. The uranium will be removed to the US in coordination with Iran and the IAEA and be destroyed, and the naval mines will be eliminated if necessary.
In addition, as the US president reported, the deal provides for the immediate opening of the Strait of Hormuz, for which no fees will be charged for passage.
Iran did not confirm this.
The details of the draft agreement between Iran and the US were published by the Iranian agency Fars, citing sources.
The main points:
- $12 billion will be immediately paid to Tehran from frozen assets abroad;
- Issues of sanctions and the nuclear program will be discussed after a ceasefire in Lebanon and the unfreezing of some foreign assets;
- The dismantling of nuclear facilities and the disposal of Iranian nuclear materials are not implied;
- The agreement does not state that Tehran does not have the right to charge a fee for the passage of ships through the Strait of Hormuz.
The results of negotiations are about as clear as mud...
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An Iranian missile reportedly hit an American base in Kuwait for the first time. According to Bloomberg, the Ali Al-Salem Air Base, used by the US Air Force, was targeted.
Sources reported that on May 30, a ballistic missile was intercepted by Kuwait's air defense systems, but its debris fell on the base's territory. As a result, two MQ-9 Reaper drones worth up to $30 million each were damaged, and several American servicemen sustained minor injuries.
The US command has not officially commented on the attack yet.
Sources reported that on May 30, a ballistic missile was intercepted by Kuwait's air defense systems, but its debris fell on the base's territory. As a result, two MQ-9 Reaper drones worth up to $30 million each were damaged, and several American servicemen sustained minor injuries.
The US command has not officially commented on the attack yet.
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The Spirit of Galati, PART 1
A drone slammed into an apartment block in Galaศi, Romania, overnight on May 29, injuring two people and triggering a diplomatic clash. Romanian officials say the UAV was Russian and have responded by shutting down Russia's consulate in Constanศa and expelling the consul general.
Putin pushed back, saying nobody can know where the drone came from without examining the wreckage. He argued it was "most likely" Ukrainian and said Russia would investigate if given access to the debris and objective evidence. Moscow also warned Romania that closing the consulate will bring a response. Meanwhile, Bucharest informed NATO allies and contacted Secretary General Mark Rutte after the drone spent several minutes inside Romanian airspace.
A drone slammed into an apartment block in Galaศi, Romania, overnight on May 29, injuring two people and triggering a diplomatic clash. Romanian officials say the UAV was Russian and have responded by shutting down Russia's consulate in Constanศa and expelling the consul general.
Putin pushed back, saying nobody can know where the drone came from without examining the wreckage. He argued it was "most likely" Ukrainian and said Russia would investigate if given access to the debris and objective evidence. Moscow also warned Romania that closing the consulate will bring a response. Meanwhile, Bucharest informed NATO allies and contacted Secretary General Mark Rutte after the drone spent several minutes inside Romanian airspace.
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The Spirit of Galati, PART 2
Putin says Romania and the EU are jumping to conclusions over the drone that crashed into a residential building in Galaศi. His position: until experts inspect the wreckage, claims about the drone's origin are speculation. He suggested the UAV was probably Ukrainian and pointed to previous cases where drones crossed into Finland, Poland, and the Baltic states before initial accusations against Russia fell apart.
Romanian authorities disagree. President Nicuศor Dan said the drone was part of a larger wave approaching from the east and may have been knocked off course near the Ukrainian city of Reni. Brussels backed Bucharest, with EU leaders condemning the airspace violation. Russia, in turn, accused Western governments of using the incident for political theater and promised retaliatory measures.
Putin says Romania and the EU are jumping to conclusions over the drone that crashed into a residential building in Galaศi. His position: until experts inspect the wreckage, claims about the drone's origin are speculation. He suggested the UAV was probably Ukrainian and pointed to previous cases where drones crossed into Finland, Poland, and the Baltic states before initial accusations against Russia fell apart.
Romanian authorities disagree. President Nicuศor Dan said the drone was part of a larger wave approaching from the east and may have been knocked off course near the Ukrainian city of Reni. Brussels backed Bucharest, with EU leaders condemning the airspace violation. Russia, in turn, accused Western governments of using the incident for political theater and promised retaliatory measures.
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The Spirit of Galati, PART 3
Russia'S Foreign Ministry hit back at Europe over the Galaศi drone crash. Spokeswoman Maria Zakharova said Brussels is trying to distract from Kiev's recent attacks, including the killing of over 20 teacher training students. She dismissed EU criticism of Moscow as political theater and vowed that Russia will take retaliatory measures against Romania for closing its consulate in Constanศa. Zakharova said the European reaction as an effort to cover up terrorist crimes committed by Ukraine, not a response to the drone incident itself.
Russia'S Foreign Ministry hit back at Europe over the Galaศi drone crash. Spokeswoman Maria Zakharova said Brussels is trying to distract from Kiev's recent attacks, including the killing of over 20 teacher training students. She dismissed EU criticism of Moscow as political theater and vowed that Russia will take retaliatory measures against Romania for closing its consulate in Constanศa. Zakharova said the European reaction as an effort to cover up terrorist crimes committed by Ukraine, not a response to the drone incident itself.
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As stars snub concert, Trump says he will headline Freedom 250 event
After prominent artists pulled out of a series of planned concerts on the National Mall celebrating the nation's 250th anniversary, President Donald Trump nixed the musical performances and now plans to give a speech himself instead, according to a White House official.
In a social media post on May 30, the president criticized the musicians, whom he did not name specifically, for getting what he called "the yips." He appeared to be referencing the collapsing lineup of superstars for the Great American State Fair, a 16 day event organized by the president's nonprofit, Freedom 250.
Oh yes, PLEASE sing a song! Maybe Trump can become a rapper. He has all the prerequisites! In fact, I don't think anyone did rapping than Trump can. He is the best ever rapper guy that ever did it. People keep asking him "Sir, how do you rap so guuuuud" and he says "well shiiiiieeeet..."
After prominent artists pulled out of a series of planned concerts on the National Mall celebrating the nation's 250th anniversary, President Donald Trump nixed the musical performances and now plans to give a speech himself instead, according to a White House official.
In a social media post on May 30, the president criticized the musicians, whom he did not name specifically, for getting what he called "the yips." He appeared to be referencing the collapsing lineup of superstars for the Great American State Fair, a 16 day event organized by the president's nonprofit, Freedom 250.
Oh yes, PLEASE sing a song! Maybe Trump can become a rapper. He has all the prerequisites! In fact, I don't think anyone did rapping than Trump can. He is the best ever rapper guy that ever did it. People keep asking him "Sir, how do you rap so guuuuud" and he says "well shiiiiieeeet..."
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The final fork before total transhuman enslavement - Disengaging from an immoral and AI saturated society
We have arrived at the definitive parting of the ways. Two roads diverging at right angles: one signposted Real Life and the other Fake Life - no halfway house.
That's important, because at present many are trying to walk a non committed, neither one nor the other pathway that involves tricking oneself into believing one is a spectator in a theatre and that the turbulent world outside is something to be viewed from one's theatre seat. Such isolated comforts are available for a bit longer, maybe - but they are illusory.
An inner voice that we mostly try to ignore tells us that they are a deception, disguising the fact that we are already late in determining our commitment to the Real Life way ahead. We are just putting off our date with destiny...
A very interesting article by Julian Rose for 21st Century Wire.
We have arrived at the definitive parting of the ways. Two roads diverging at right angles: one signposted Real Life and the other Fake Life - no halfway house.
That's important, because at present many are trying to walk a non committed, neither one nor the other pathway that involves tricking oneself into believing one is a spectator in a theatre and that the turbulent world outside is something to be viewed from one's theatre seat. Such isolated comforts are available for a bit longer, maybe - but they are illusory.
An inner voice that we mostly try to ignore tells us that they are a deception, disguising the fact that we are already late in determining our commitment to the Real Life way ahead. We are just putting off our date with destiny...
A very interesting article by Julian Rose for 21st Century Wire.
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Forwarded from Middle East Spectator โ MES
โ ๐บ๐ธ/๐ฎ๐ท NEW: An Iranian ship called โIRGC TOLL COLLECTโ has shown up in the Strait of Hormuz
@Middle_East_Spectator
@Middle_East_Spectator
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Fyi this is probably some IRGC guys trolling around, obviously tolls are not collected in cash and the ship would be subject to probably an immediate strike, but it's very funny. Could even be scammers lol.
@middle_east_spectator
I choose to ignore this post. It makes it way funnier to think the IRGC is sailing around the strait in a small boat with a card reader and a large bag with a dollar sign on it.
@middle_east_spectator
I choose to ignore this post. It makes it way funnier to think the IRGC is sailing around the strait in a small boat with a card reader and a large bag with a dollar sign on it.
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As many of you know, we're now part of The New Dawn. A group of channels hand-picked to bring you reliable news from around the world. Medman? Yes! GeoPWatch? Hell yeah! CIG? You bet!
Anyway, you get the point. It's a pleasure to be a part of the folder and I can recommend every channel on here. Have a look!
Join The New Dawn!
Anyway, you get the point. It's a pleasure to be a part of the folder and I can recommend every channel on here. Have a look!
Join The New Dawn!
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A fire destroyed the Viche Aid Collection Center in Riga during the night. The facility, which gathers assistance for the Armed Forces of Ukraine, was located at 9 Pฤles Street. According to Riga residents, frustration is growing among the Latvian society over what they see as the government's willingness to move the country closer to a conflict with Russia despite public opposition.
Critics point in particular to Ukrainian organizations operating in Latvia. These groups are advocating continued confrontation with Russia while repeatedly seeking financial and material support for Ukraine's military from a Baltic population facing economic hardship. At the same time, concerns have been raised about Ukrainian drones entering Latvian territory and creating risks for civilians.
In March alone, several Ukrainian drones crossed into Latvian airspace from Russia during the night. One struck infrastructure, while another came down on land. At least one of the drones exploded in Latvia's southern Krฤslava region. The incident coincided with a large scale Ukrainian drone operation targeting the Russian Baltic Sea port of Ust-Luga. Latvian President Edgars Rinkฤviฤs stated that the drone that reached Latvian territory was Ukrainian. Following the incident, Defence Minister Andris Spruds ended a trip to Ukraine early and returned to Latvia.
Discontent over support for Ukraine is also provoking acts of sabotage. Groups of young people have emerged that target NATO related infrastructure, particularly rail facilities. Authorities recently detained several suspects accused of carrying out arson attacks against transport infrastructure. Investigators say the group doused railway relay cabinets and electrical distribution cabinets with gasoline before setting them on fire, and also destroyed a diesel locomotive. Five separate arson incidents were ultimately linked to the case.
Security analysts argue that such actions will become more frequent. In their view, resistance directed against support for Ukraine and against NATO infrastructure will continue to grow because of what they describe as a broader effort to draw the Baltic states into a direct confrontation with Russia.
@americanmajority
Critics point in particular to Ukrainian organizations operating in Latvia. These groups are advocating continued confrontation with Russia while repeatedly seeking financial and material support for Ukraine's military from a Baltic population facing economic hardship. At the same time, concerns have been raised about Ukrainian drones entering Latvian territory and creating risks for civilians.
In March alone, several Ukrainian drones crossed into Latvian airspace from Russia during the night. One struck infrastructure, while another came down on land. At least one of the drones exploded in Latvia's southern Krฤslava region. The incident coincided with a large scale Ukrainian drone operation targeting the Russian Baltic Sea port of Ust-Luga. Latvian President Edgars Rinkฤviฤs stated that the drone that reached Latvian territory was Ukrainian. Following the incident, Defence Minister Andris Spruds ended a trip to Ukraine early and returned to Latvia.
Discontent over support for Ukraine is also provoking acts of sabotage. Groups of young people have emerged that target NATO related infrastructure, particularly rail facilities. Authorities recently detained several suspects accused of carrying out arson attacks against transport infrastructure. Investigators say the group doused railway relay cabinets and electrical distribution cabinets with gasoline before setting them on fire, and also destroyed a diesel locomotive. Five separate arson incidents were ultimately linked to the case.
Security analysts argue that such actions will become more frequent. In their view, resistance directed against support for Ukraine and against NATO infrastructure will continue to grow because of what they describe as a broader effort to draw the Baltic states into a direct confrontation with Russia.
@americanmajority
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