"Virtue gives birth to tranquility, tranquility to leisure, leisure to disorder, disorder to ruin… and similarly from ruin, order is born, from order virtue, from virtue, glory and good fortune." -- Niccolò Machiavelli

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In the time (dis)honored tradition of Haruhiko Kuroda, the former governor of the Bank of Japan, Japan likely conducted its second currency intervention this week, current account figures from the central bank suggest, in another sign of the government’s intensified battle to prop up the yen.

Tags: CURRENT EVENTS
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During the Reagan presidency years, one of first lady Nancy Reagan’s initiatives was the “Just Say No” approach to drug abuse.

Whether illicit drug use declined due to this slogan is controversial, but the premise is simple. When confronted by an unacceptable premise or option, saying 'no' is the simplest way to slap it down.

Drug use is still rampant and far worse than it was in the 1980s with drug overdose deaths now over 100,000 annually, according to the CDC. Obviously, too many Americans are saying 'yes' to drugs, rather than no.

Another social pathology, not much of an issue in the 1980s, is transgenderism. LGBTQIA2S+ and whatever additional letters are needed to make the letter salad current and incoherent, wasn’t a buzzword during Reagan’s years.

In the 1980s, no person of rational mind believed men could become pregnant or breastfeed, that men should use women’s bathrooms or locker rooms, or that men could fairly compete against women in sports. But here we are in 2024, when these concepts are in many quarters, as seemingly normal as sunrise and sunset.

Tags: CURRENT EVENTS
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According to National Security Adviser Jake Sullivan, the United States has run out of so-called "Patriot" missiles to send to Ukraine, which means the Zelensky regime is now persisting on fumes.

In an interview with MSNBC, Sullivan told the cable news outlet that a recent request from Volodymyr Zelensky for "at least seven" more Patriot batteries will not be met by the U.S., Kiev's main sponsor, because there are no more available to spare.

"The U.S. Patriot systems right now are being deployed around the world, including in the Middle East, to protect troops," Sullivan said.

"If we can unlock further American Patriot batteries, we would send them. But we are doing a lot of the supplying of the actual missiles that go into those batteries that get fired."

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
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It is receiving almost no media attention, but a new bill in Congress threatens to remove non-profit status from all organizations in America that in any way criticize Israel.

House Resolution 6408 "To amend the Internal Revenue Code of 1986 to terminate the tax-exempt status of terrorist supporting organizations" and S. 1436 stipulate that non-profits will be expected to support Israel no matter what, or else face punishment by the IRS. Both companion bills were passed with bipartisan support from both Democrats and Republicans.

"This will give a single U.S. official authority to strip U.S. non-profits [sic] orgs of their non-profit status in a peremptory manner, w/ virtually no limitations, accountability, or meaningful recourse, based merely on his declaration they are "terrorist supporting organizations," tweeted Lara Friedman (@LaraFriedmanDC), president of the Foundation for Middle East Peace.

"The explicit target of this legislation is orgs involved in / supporting protest against Israel's war on Gaza, most notably SJP (Students for Justice in Palestine). But of course, if passed into law, it could be used against any tax-exempt org working for an objective disfavored by the Admin in power."

Tags: DICTATORSHIP, ISRAEL, POLITICS/ ELECTIONS/ CORRUPTION
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A massive 800-page report was just released by the Weaponization Subcommittee detailing the Biden administration’s extensive campaign to censor Americans.

Titled “The Censorship-industrial Complex: How Top Biden White House Officials Coerced Big Tech to Censor Americans, True Information, and Critics of the Biden Administration,” the document features internal emails and texts from Mark Zuckerberg, Amazon, and YouTube employees.

Analysts are reporting it confirms the current regime’s censorship of books, vaccine warnings, and much more. The House Judiciary Committee is already calling the discoveries “damning.”

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, DICTATORSHIP, WHITE HOUSE
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Ahead of today's payrolls report, in our preview we said that while we knew we would get a slowdown, the question was how big it would be (and before that we also asked if Yellen had leaked the weaker number to Japan ahead of their multiple interventions this week to prevent them from wasting tens of billions in intervention dry capital for nothing).

We got the answer moments ago when the BLS reported that in April the US added just 175K jobs, a nearly 50% drop from the upward revised 315K (was 303K), the lowest print since October 2023...

Tags: ECONOMY, WHITE HOUSE
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Former President Donald Trump’s hush money criminal trial took an interesting turn after a witness turned the case in favor of the former president.

Manhattan District Attorney indicted Trump for allegedly paying adult movie star Stormy Daniels $130,000 to keep an alleged affair secret. According to PJ Media, Daniels’ lawyer, Keith Davidson, testified in court on Thursday and completely undermined Bragg’s charges against the former president.

During his testimony, Davidson argued that the $130,000 payment to his client should not be seen as “hush money.” The witness maintained that the payment was a legitimate “consideration” payment.

Tags: POLITICS/ ELECTIONS/ CORRUPTION
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Fed Chair Powell yesterday said he doesn’t see the “stag” in stagflation. Really?

Well, in Q1 in the US… it failed to show up as non-farm productivity – or nonfarm employee output per hour – rose at a measly 0.3% annualized rate after an upwardly revised 3.5% gain in the prior period (well below expectations)…

Tags: ECONOMY
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Since the repeal of net neutrality under Trump, internet service providers haven’t throttled speeds or levied charges for every tweet. Instead, internet speeds have soared, alongside increased investment in broadband access. Yet, despite this, the Biden administration sees fit to resurrect these regulations.

Tags: POLITICS/ ELECTIONS/ CORRUPTION
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