“The idea that our Justice Department can indict someone, especially the sitting president’s main political rival, over speech that’s protected by the First Amendment is simply insane … Simply put, this indictment is nothing more than a declaration of war against American voters and their constitutional right to free speech.” — Alistair Crooke

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Electric appliance maker Dyson is cutting about 1,000 jobs in the UK as part of a global workforce review, slashing its British workforce by more than a quarter.
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CNBC reports that the cryptocurrency world has been rocked by a dramatic surge in successful hacking attempts, according to a recent report from TRM Labs. The blockchain research firm’s findings reveal that between January 1 and June 24, 2024, cybercriminals managed to pilfer a staggering $1.38 billion worth of digital assets. This figure represents more than twice the amount stolen during the same timeframe in 2023, which stood at $657 million.
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We saw it happen first in California. People could not handle the restrictive policies during the pandemic, which was worsened by the drastic increase in taxes and crime. Americans are fleeing blue states in droves – precisely why we cannot forecast real estate as whole for the United Stated. Recent data from the Internal Revenue Service (IRS) indicates that Americans want out of Illinois.
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France’s left-wing New Popular Front (NPF), now the largest group in parliament, has proposed several ambitious policies, including a 90% tax on any annual income above €400,000. The NPF aims to introduce a progressive tax rate for high earners. This proposal would significantly impact individuals with substantial incomes.
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by Tyler Durden

For the past two years it seemed that the Fed's rate hiking cycle has been flipped on its head and that Erdoganomics, as batshit insane as it is, was the rule of the land: instead of home prices dropping, as one would expect under tighter financial conditions, home prices kept rising and rising, because in a world where the marginal home buyer has been limited to an extremely narrow group of 1%ers, who needs mortgages?

But tighten long enough, and even the top wealth tiers begin to fray, and that's precisely what we are now seeing in the US housing market, which - since it is the biggest asset of the US middle class, unlike the stock market which is the playground of the top 1% - is also the most tangible leading indicator for the broader economy. We saw that in the latest Case Shiller numbers where the Composite 20 city index posted its first YoY decline since early 2023...

.... and we are also now seeing it in the latest Redfin home price data, where among other things, we find that as average home sale prices hit new all time highs, the number of actual transactions has collapsed while the number of new listed homes is surging and last but not least, the number of price drops reported - which is what those who need the extract the money from their real estate yet can no longer afford to live in the mark-to-myth world created by record wide bid/ask spreads, just jumped to the highest on record

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New Russian Su-30SM2 multirole fighter aircraft have recently been caught on video deploying bunker buster bombs in the Ukrainian conflict zone.

Compared to its predecessor Su-30SM, the new Su-30SM2 features more advanced weaponry and radar systems, which effectively allows the aircraft to detect and engage targets at twice the distance of its predecessor.

While it is not immediately clear exactly what bunker buster bomb was deployed by the Su-30SM2s, Russia's arsenal currently includes several kinds of this type of munition.

BetAB-500 is a 500-kilogram concrete-piercing bomb that can penetrate reinforced concrete up to 1 meter thick covered by a layer of up to 3 meters of ground.

BetAB-500ShP is essentially a modification of the BETAB-500. This bomb is equipped with a parachute that helps stabilize the munition after launch as it glides in a position to attack. Once there, a rocket engine inside the bomb’s hull ignites and propels the munition towards its intended target.

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ABC News recently faced scrutiny after editing the official transcript of an interview with President Joe Biden conducted by George Stephanopoulos. The change was made following claims from White House officials that the original transcript inaccurately represented the president’s words.

During the interview, Stephanopoulos asked Biden how he would feel if he remained the Democratic Party’s nominee and lost to former President Donald Trump. According to the initial transcript, Biden responded, “I’ll feel as long as I gave it my all and I did the goodest job as I know I can do, that’s what this is about.”

The next day, ABC News updated the transcript, explaining that the revision was made “for clarity.” The edited version reads, “I’ll feel as long as I gave it my all and I did the good as job as I know I can do, that’s what this is about.”

The alteration sparked controversy, particularly after Biden campaign spokesman T.J. Ducklo reportedly pressured columnists who quoted Biden’s “goodest” moment. New York Times columnist Maureen Dowd, who referenced the original quote in her op-ed, recounted being contacted by Ducklo but did not retract her commentary.

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China and Belarus are holding military exercises near the Polish and Ukrainian border. The military exercises started on Monday and will include counter-terrorism missions. They are expected to last 11 days.
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President Trump on Tuesday called on Republican Attorneys Harmeet Dhillon and David Braden to stop the Democrats from allowing illegal aliens from voting in the 2024 election. Democrats announced they will block any legislation from the US House that protects American voters and allows illegal voters to cast votes for Democrats.
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by Dohmen Capital Research

Currently we’re seeing an ever-increasing number of preliminary warning signs for the markets.

The big smart money is already lightening up their positions. You can see that when companies announce very good results but the stocks get hit by lots of selling. That is because large amounts of shares can only be sold when there is demand for the stocks, such as good earnings announcements.

This typically happens when money managers, such as hedge funds, are selling lots of shares. This is always a preliminary signal. It is called “distribution.”

For the past couple of months, we have cautioned in our research services for serious traders and investors about distribution and how investors should expect a choppy summer market. A choppy market is always a good clue that “distribution” is underway.

For those who have disregarded our words of caution, and perhaps are leveraged, ask yourself what you would do if your stock plunges 20%-30% or more? Would you sell before major damage is done, or decide to ride through the valley? Would you stick with that decision?

Make the decision now, not when it happens. Don’t ever say “I will watch it.”

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Mark Zuckerberg's Meta, under lobbying from the World Jewish Congress, announced Tuesday that claims of "Zionists" "running the world or controlling the media" will be banned as "hate speech" going forward. 

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George Stephanopoulos gave his blunt assessment of Joe Biden's performance in their blockbuster interview Friday -- then immediately regretted it. 

Biden's lackluster performance in a ABC News interview with the former White House Press Secretary on Friday followed a disastrous debate performance last month.

Stephanopoulos, 63, was stopped for an interview to give his reaction to the fallout from his chat with the president.

He was asked if Biden should step down by a pedestrian and responded: 'I don't think he can serve four more years.'

The video soon caught fire on the internet and now the longtime ABC News fixture has offered a statement of regret.

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The Richard Nixon Foundation slammed Chicago Mayor Brandon Johnson after the Democrat placed the blame for crime in his city on the man who served in the White House - 40 years ago. 

Johnson, 48, sparked backlash following the July Fourth holiday weekend - where 19 were killed and over 100 were injured by shootings in Chicago - after he cited Nixon as a 'root cause' of the crimewave. 

'Black death has unfortunately been accepted in this country for a very long time,' he said at a news conference. 'We had a chance 60 years ago to get at the root causes, and people mocked President Johnson. And we ended up with Richard Nixon.' 

In response, Jim Byron, the president and CEO of the Richard Nixon Foundation, told Fox News that Johnson was 'passing the blame, in this case ridiculously and gratuitously.' 

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The US military recently completed the construction of the floating pier which was to be used to deliver humanitarian aid to Gaza. The pier was a total disaster from day one. Large waves and strong currents destroyed the pier. Vessels breached on shore after heavy waves. Now just after 21 days – and $320 million of taxpayer money – the pier will be permanently dismantled.
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President Joe Biden's fitness to lead is under the microscope as he welcomes world leaders to Washington D.C. for the NATO summit while Democrat support wanes.

The White House has desperately tried to brush off suggestions that allies are concerned about the 81-year-old's mental and physical health after his car-crash debate performance against Donald Trump.

Biden's press secretary Karine Jean-Pierre was peppered with questions about his health at her briefing on Tuesday and gave a startling response when asked if the president would personally deal with a nuclear attack after 8pm.

Meanwhile, Cook Political Report updated its Electoral College ratings in six states - all which have shifted in Trump's favor since the debate. 

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As the Gateway Pundit reported earlier today, Republican Senator Jim Inhofe of Oklahoma has passed away at the age of 89. While reporting this sad news, multiple liberal media outlets decided to take this opportunity to smear the deceased senator as a ‘climate change denier.’ One person on Twitter/X pointed out that the Washington Post has been kinder to terrorists when reporting their deaths.
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MMT is mostly magic! The Federal Reserve relies on “The Power of Magic” to fool people. For example, the massive increase in money printing following Covid and Biden’s disastrous economic policies (or FOLLICIES).
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On Tuesday software expert Phillip Davis testified that thousands of duplicate ballots were counted in the 2020 election in Georgia today in front of the State Election Board Committee in Georgia.
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In 2024, there have been notable developments in China’s banking sector. Jiangxi Bank of China faced bankruptcy, causing significant concern in the financial industry. The bank’s assets and loans played a crucial role in this situation, leading to protests by depositors who demanded their money back. Additionally, Zhongzhi, a shadow bank, filed for bankruptcy due to its inability to repay debt and insufficient assets. These events highlight the challenges China is grappling with in managing its financial stability.
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A new technical proposal by Chinese scientists for conventional computers breaks the speed record of Sycamore, Google's quantum computer!! Sycamore is the most powerful quantum computer currently owned by Google. Due to the peculiarity of qubits, its basic units of information, it is capable of solving a task in 200 seconds that would take a conventional supercomputer 10,000 years to complete. Because of this, Google claims that Sycamore has “quantum supremacy,” a formal concept of computing that describes quantum computing systems that are capable of performing processes that are impossible not only for certain conventional computers, but for any traditional computing system.
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House Democrats emerged from a critical private meeting on Joe Biden's future sullen, scrambled and downcast - as though they just got out of a funeral procession. 

The summer heat beat down on dejected Democrats as they exited a secretive closed-door meeting where it appears there was no agreement made about Biden's future at the top of the 2024 ticket. 

Not a single Democrat who emerged from the hour-long session indicated that there was consensus on whether Biden, 81, has the full backing of the caucus at his age over a week since his disastrous debate. 

One lawmaker admitted to DailyMail.com there were major disagreements inside at the meeting over whether Biden has the health and wherewithal to secure the nomination.

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When you are creeping out on a very high tree limb, everything may seem fine until suddenly the limb snaps and disaster strikes.  I think that is a perfect metaphor for what we are facing as a country.  Our politicians in Washington have artificially propped up our economy for years by piling up 34 trillion dollars in debt, and the “experts” at the Federal Reserve have artificially propped up the financial markets for years by pumping trillions upon trillions of dollars that they created out of thin air into the system.  But now we are so far out on a limb that there is no way back, and there is no safety net below.  Ultimately, our fate will be the same as this guy…
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The CDC has issued an urgent dengue fever warning after 41 travelers in New Jersey were sickened with the mosquito-transmitted virus.

Cases of dengue are currently at an all-time high across North, Central, and South America, the CDC said.

The 41 New Jersey residents were infected while traveling as of July 2, the CDC said. No cases of dengue have been locally transmitted in the state.

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