June 24
S&P Oil FX Gold 10Y CLZ6
S&P is up 0.42% | 12:37
Crude oil is down 3.36% and below $71. Brent Falls To Pre-War Levels
Gold is down $93
Dollar index is 101.51, up 0.10%
SpaceX’s newest Starmind will make earth data centers obsolete
Elon Musk confirmed Starmind as SpaceX’s AI satellite constellation name, targeting one million orbital compute nodes. It’s worth noting that SpaceX’s Starlink communication satellite and Starmind are built on the same orbital infrastructure concept but serve entirely different purposes.
Today’s Peak Digest
Israel-Lebanon withdrawal conditions and Iran cyberattacks, Hormuz energy disruptions, US nuclear loans, Hormuz environmental damage, digital dollar and euro rules, Oracle AI restructuring, biometric surveillance, and NY progressive primary wins.
Greenspan's Put Lives On | RIA
The Fed Put was introduced with the failure of Long-Term Capital Management (LTCM) in 1998. LTCM was a hedge fund run by Nobel laureates that nearly took down the global financial system through massive leverage. LTCM’s bets threatened not only the hedge fund but also some large banks and potentially the stock and bond markets. Greenspan helped orchestrate a private-sector bailout, cut rates by 75 bps in six weeks, and assured Wall Street that the Fed would supply as much liquidity as needed to restore calm.
The lesson the market took from that episode was not “leverage kills.”
It was the birth of the “too big to fail” mantra.
Fauci’s preemptive Biden pardon doesn’t shield him from state or local prosecution
McCullough noted a media blackout from ABC, NBC, CBS, CNN, and MSNBC — only Fox, Real America’s Voice, and independent outlets carried the story about Tulsi Gabbard’s biolab document release
In 2014, 300 scientists warned Anthony Fauci would start a global pandemic. | VFox
Following the high-profile escape of three bugs from U.S. labs, these 300 scientists sent a letter to President Obama, urging him to shut down Anthony Fauci’s gain-of-function research. Obama issued a moratorium and shut down 18 of the worst projects by Anthony Fauci. In the end, he really didn’t shut them down. Instead, Obama moved the research offshore to places like Ukraine, the former Soviet State of Georgia, and the Wuhan Institute of Virology in Wuhan, China.
Debt Rattle
* Kentaji Brown Jackson is the Biden admin’s one woman wrecking crew in the Supreme Court. You can pack the court, and/or you can wreck it from within.
* “Government funded non governmental organizations are one of the biggest sources of fraud in the world. This is a gigantic fraud loophole.” — Elon Musk
Pro-Israel candidates lose big in NYC House primaries
Unconditional support for Tel Aviv is no longer a winning issue in the Democratic Party
Israel’s Suicidal Rupture With the U.S. | Chris Hedges
Israel is contaminated by racism and genocidal violence. It is blinded by a repugnant moral superiority. It is corrupted by a class of Zionist billionaires in the U.S. who use their wealth to bend foreign policy to serve Israeli interests. It is equipped with a nuclear arsenal Israeli officials have repeatedly threatened to use. It is a menace to the region. It is a menace to itself. And it is a menace to us.
Is representative government an idea whose time has passed?
In Europe as well as America, leftists prefer that judges and bureaucrats wield permanent power, as supposedly impartial experts who know best how to stop the weather from changing and how many genders there are. Democrats have the upper hand when Congress is weak because federal bureaucrats, and judges capable of issuing nationwide injunctions, continue advancing Democratic designs on their own. Fed up with this, many conservatives have come around to the idea only a brash and strong president, like Trump, wielding unitary executive power, can rein in the administrative state and activist judges — Congress can't.
So Capitalism good. Okay, got it. Now let's look at the world we actually live in
Private equity snaps up veterinary clinics to assemble informal cartels and then jacks up prices without improving the services at all. Does this "innovation" "make life better for everyone" by "optimizing efficiencies and innovations", or is this just "rational actors" exploiting "capitalism" to extract more wealth from customers without adding anything other than cost and misery?
Andrew Fraser’s Critique of the WASPs
The Scots-Irish certainly have not lost their faith. They showed “intense hostility to organized churches and established clergy on the one hand and [an] abiding interest in religion on the other.” They rejected the Anglican Church, religious taxes and established clergy, but for all that, they were intensely and emotionally religious. Indeed, this group is the main force behind the culture of the American Bible Belt —the religious fundamentalism that is such an important aspect of contemporary American politics. They are indeed socially conservative and a great many of them are involved in the angry protests of the Tea Party movement. They are the epitome of implicit Whiteness,[16] flocking to White cultural events like NASCAR racing and gun shows.
Greenspan Was The Perfect Fed Chair. That Is Not a Compliment | Mises
The Fed Chair’s job isn’t to stabilize the economy. It’s to use prestige, technical jargon, and mind-numbing dullness to cover for the central bank’s expropriation of the American people. And Alan Greenspan excelled at that.
Trump: Iran Must Spend $300 Billion Reparations Payment on Goyslop | Unz Satire
In the wake of US President Trump’s demand that Iran spend all of its soon-to-be unfrozen money on US agricultural products like soybean oils and high-fructose corn syrup, the White House upped the ante this morning, insisting that his promised $300 reparations payment to Iran could only be used for purchases of goyslop.
Goyslop is an antisemitic internet slang term for ultra-processed foods, fast food, and other mass-produced products, framed by conspiracy theorists as a tool used by Jewish elites to keep non-Jews unhealthy and compliant. The term is a compound word joining "goy", a Hebrew and Yiddish word for a non-Jew or gentile, and "slop", meaning food waste or refuse of low quality. The term has been described as a variant of an antisemitic conspiracy theory that Jews seek to promote inferior goods in order to weaken non-Jewish populations
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