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Black bear found dead after spending days trying to escape locked car

NY Post
1 month 3 weeks ago
The nearly 300-pound animal also destroyed the vehicle's interior trying to escape.
Fox News

NYC cyclist killed by 100mph hit-and-run driver made last phone call to wife just minutes before crash

NY Post
1 month 3 weeks ago
Angelo Camera chatted with his wife just moments before the fatal crash as he headed home from his job as a mechanic.
Patrick Reilly

Meet Mikayla Demaiter — the ‘world’s sexiest hockey player’ dating Bryson DeChambeau

NY Post
1 month 3 weeks ago
 Bryson DeChambeau and the model are officially an item.
Bridget Reilly

Comey's '86 47' Post Could Objectively Be Read As Threat Against Trump, DOJ Argues

Zero Rss
1 month 3 weeks ago
Comey's '86 47' Post Could Objectively Be Read As Threat Against Trump, DOJ Argues

Authored by Matthew Vadum via The Epoch Times,

The U.S. Department of Justice (DOJ) defended the ongoing prosecution of former FBI Director James Comey in a new court filing on Aug. 18, saying “an objective viewer” could interpret his social media post as threatening the president.

The DOJ has denied that Comey is being prosecuted for his political views and said in the new filing that “there is no serious dispute” that a post of seashells arranged to read “86 47” that he made last year could be understood as a threat against President Donald Trump.

Comey is charged with two federal felony counts of threatening the life of the president and transmitting a threat.

Comey was charged after he posted a photograph on Instagram in May 2025 showing seashells arranged to read “86 47.”

To “86” is to remove or get rid of someone, and the term has been used in some contexts as a euphemism for killing someone.

The number 47 has been interpreted to refer to Trump, who is the 47th president.

Comey said he found the seashells arranged on a beach and snapped a photo of them.

He said he assumed the shells were intended as a political message and that he was making a political statement in opposition to Trump when he posted online.

Comey subsequently deleted the post, saying he did not know at the time that “86” was associated with violence.

Comey filed multiple motions challenging the indictment on various legal grounds, arguing in one that this is an example of a vindictive and selective prosecution.

He also filed a motion demanding access to grand jury materials and to suppress evidence.

A vindictive prosecution is a due process violation that takes place when prosecutors file or escalate criminal charges against a defendant primarily to punish or retaliate against them for exercising a legal or constitutional right.

A selective prosecution claim alleges a violation of equal protection principles when the government charges a person based on protected characteristics such as race, religion, or the exercise of First Amendment rights.

Prosecutors said in a new filing that the Instagram post was part of an effort they allege was calculated to generate publicity for Comey’s novel about a social media personality whose words inspire his fans to attack his foes.

The novel, “FDR Drive,” has been described as a work in which a federal prosecutor is “trying to take down Samuel Buchanan, a far-right media personality with a popular podcast,” according to the filing.

“There is no serious dispute that an objective viewer of Comey’s post could read it to mean ‘Kill President Trump,’” the DOJ said in the brief.

U.S. Attorney W. Ellis Boyle said in a separate affidavit that he was not pressured to charge Comey and relied on his own independent judgment when deciding to move forward with the indictment.

He said the grand jury approved the indictment on April 28 and that he “had no communication with [then-Acting Attorney General Todd Blanche] about this case until the day before the grand jury returned a true bill indicting Defendant, notifying him of the potential that a grand jury might indict Defendant as required by the Justice Manual.”

“My involvement in matters concerning Defendant James Comey is limited to this prosecution. I was not involved in the investigation or prosecution of Defendant in the Eastern District of Virginia. Neither was any member of the current prosecution team,” Boyle added.

The court has ordered Comey’s legal team to reply to the government’s filings by Sept. 1.

If U.S. District Judge Louise W. Flanagan allows the case to proceed, Comey is expected to be arraigned on Sept. 30, with a trial to begin on Oct. 21.

Tyler Durden Thu, 08/20/2026 - 08:05
Tyler Durden

Prince Harry hinted at UK return — and why he felt ‘drawn to come back’ — before bombshell moving news

NY Post
1 month 3 weeks ago
The Duke of Sussex and his wife, Meghan Markle, fled the United Kingdom in 2020 and have since been living in Montecito, California.
mliss1578

Prince Harry hinted at UK return — and why he felt ‘drawn to come back’ — before bombshell moving news

NY Post
1 month 3 weeks ago
The Duke of Sussex and his wife, Meghan Markle, fled the United Kingdom in 2020 and have since been living in Montecito, California.
Riley Cardoza

Best “Dad Movie” Action Heroes of 2026: Watch the Best Jason Statham, Liam Neeson, Gerard Butler Movies on Netflix and Beyond

NY Post
1 month 3 weeks ago
Who's in the current "dad movie" hall of fame? (And where can you watch their best action flick ever?)
mliss1578

Millionaire food entrepreneur once on Forbes 30 Under 30 among 5 Americans killed in Kenyan helicopter crash

NY Post
1 month 3 weeks ago
Married father of two Roger Duarte, 42, died alongside five other passengers and the pilot after the helicopter crashed near the foothills of a mountain in northern Kenya on Wednesday morning. 
Chris Bradford

Unitree Founder Sees Humanoids Going "Mass Market" Within Decade As IPO Rally Fades

Zero Rss
1 month 3 weeks ago
Unitree Founder Sees Humanoids Going "Mass Market" Within Decade As IPO Rally Fades

Lower US long-end yields, a softer dollar, and SK Hynix's share buyback announcement stabilized sentiment across Asian markets. However, shares of Chinese humanoid robot maker Unitree erased some of those massive 460% gains following Wednesday's blockbuster debut. 

Risk appetite was also tempered after President Trump declared "Economic D-Day" against Iran and threatened severe consequences for any country providing support to Tehran. Against that backdrop, investors may continue rotating toward safer (see here), higher-quality companies with limited exposure to geopolitical and macroeconomic shocks.

Turning to the world's top humanoid robot maker by global deliveries, founder Wang Xingxing told the World Robot Conference in Beijing that mass-market adoption of these robots will be achieved within the next decade. That timeline is broadly in line with the forecasts we have provided readers from multiple institutional desks.

Wang said demand is likely to accelerate once robots can complete 80% of tasks assigned through voice commands in unfamiliar surroundings. He expects that threshold to be reached within two to 10 years.

The founder said humanoids already perform well under controlled conditions, but their performance deteriorates when objects or surroundings shift even slightly. He noted that this lack of versatility leaves current models trailing human workers.

According to Unitree's IPO prospectus, one of the company's major priorities is advancing the "humanoid brain," or embodied AI. About half of the IPO proceeds will be invested in improving the intelligence of its models.

Unitree shares in Shanghai closed down nearly 19% on Thursday after surging 460% on Wednesday. The IPO was 5,550 times oversubscribed as retail demand went through the roof.

Bloomberg Intelligence analyst Ian Ma said, "Unitree's debut surge signals strong appetite for China's embodied AI sector," adding that the IPO proceeds should accelerate product development and commercialization.

Unitree's IPO sucked liquidity out of other robotics stocks tracked by the Solactive China Humanoid Robotics Index (Bloomberg ticker: SOLCHRBP Index). The index fell 2.5% on Thursday and is down more than 27% on the year.

Related:

  • China Dominates The Humanoid Robot Race. Can Trump Close The Gap?

Smart Analytics Global said global humanoid shipments tripled to 19,100 units in the first half from 5,100 a year earlier. The research firm expects deliveries to reach roughly 60,000 this year and climb to 500,000 by 2030.

The estimates are similar to those from major institutional research desks, including UBS, whose most bullish forecast projects nearly 400,000 global deliveries by the end of the decade.

Via UBS.

Our latest notes dissecting the humanoid robot value chain and examining how to profit from the key companies that manufacture critical components, such as motors and actuators, show that many of these companies are based in Asia, more specifically in China.

Read: 

  • Physical AI Faces One Critical Chokepoint, And Here's How To Profit
  • Digging Deeper Inside Physical AI's Hardware Stack Powering Humanoids

The short answer to whether Trump can close the gap with China in the humanoid race is difficult, given that the US lacks robust supply chains for motors, actuators, and other critical components, and building those supply chains could take years.

Tyler Durden Thu, 08/20/2026 - 07:45
Tyler Durden

Justin Trudeau wields toilet plunger in cringeworthy dance with Katy Perry in hardware store

NY Post
1 month 3 weeks ago
Now those are some crappy dance moves.
Chris Nesi

There’s a lot to like about this WNBA season once you get past the noise

NY Post
1 month 3 weeks ago
With the focus seemingly being on everything but what's unfolding on the court, some great basketball storylines are being underdiscussed.
Madeline Kenney

College students can now pay tuition with PayPal or Venmo at certain universities

NY Post
1 month 3 weeks ago
Students and families will be charged transactional fees that are determined by each school.
Fox Business

The 'Pindia Challenge': A Stark Warning To The West

Zero Rss
1 month 3 weeks ago
The 'Pindia Challenge': A Stark Warning To The West

Authored by Steve Watson via Modernity News,

A viral game on Google Maps has laid bare one of the most glaring cultural realities of the modern world.

Drop a Street View pin anywhere in India and try to find a spot free of garbage, rubble, plastic waste or worse. The "Pindia Challenge" has taken off precisely because it is almost impossible to win. Mountains of trash, rivers of sludge, and streets buried under filth appear with depressing consistency.

But what was once dismissed as a problem isolated to 'over there' is now increasingly visible on Western doorsteps through mass migration, turning once-tidy, well maintained neighbourhoods into open-air dumps.

The 'Pindia challenge' is a game on Google Maps where you drop a street view anywhere in India. The goal is to find an area completely free of trash or rubble.

It's almost impossible to win on the first try. pic.twitter.com/UFvRt7kfs7

— Memes (@Basedgoymemes) August 14, 2026

The challenge itself is simple and brutal. Players zoom into random Indian locations on Google Maps Street View and screenshot the result. Trash piles, discarded packaging, construction rubble and human waste dominate the frames.

Participants report failure after failure, even in mountainous areas where refuse somehow still appears.

pic.twitter.com/lDWCfvYA74

— Google Maps Fuera De Contexto (@OOCMaps) August 17, 2026

Die "Pindia-Challenge" ist ein Spiel auf Google Maps, bei dem man die Straßenansicht irgendwo in Indien abwirft. Das Ziel ist es, ein Gebiet zu finden, das völlig frei von Müll oder Schutt ist.

Es ist fast unmöglich, beim ersten Versuch zu gewinnen.

Das ist mein Versuch. Da... pic.twitter.com/Ae8wRMvr7M

— realDonHulio (@DonHulio__) August 14, 2026

Anyone want to play a game of Pindia?
Just drop a street view pin anywhere in India, then screenshot the garbage and feces.
Third photo is up in the mountains, they even figured out how to throw trash there. pic.twitter.com/VkOFoYwYcx

— Great Bawls O' Microplastics (@HumamAnamoly) August 12, 2026

Decided to play a game of Pindia.

Been months since my last try.

Using google maps, go to India and zoom in to a completely random spot until you find a street. Drop the pin and open the street view. If you see trash, you lost the game.

I lost. Didnt even need to pan the cam pic.twitter.com/EUEJh5iQso

— badgers_ghost (@Badgers_ghost) August 18, 2026

If you go to Google Maps, select Street View, and drop it literally anywhere in India, you will find piles of trash everywhere.

I have done this dozens of times with friends. It has not once failed me.

I just did it again a few seconds ago and it came up with this. https://t.co/LGOdjtVwdN pic.twitter.com/vtPDeLzFuw

— Christian Heiens ? (@ChristianHeiens) November 18, 2025

We've all seen the endless videos of India's urban waterways choked with plastic bottles, flip-flops and debris.

India. The dense mix of plastic bottles, flip-flops and other debris in an urban waterway, along with the scavenger's appearance and footwear, matches common scenes from Indian canals and nullahs.

— Grok (@grok) August 15, 2026

The scale is staggering. A 20-storey trash mountain near New Delhi features its own black sludge rivers formed from the liquid seeping out of the waste.

This is the 20 story high trash mountain near New Delhi, India.
It even has black sludge rivers of its own from the trash liquid.
India is the dirtiest country on earth.
The entire country of India still doesn't have waste management in 2026. pic.twitter.com/DOQWl3JJ0R

— Manju Asura (@mandate2049) July 31, 2026

The country still lacks comprehensive waste management systems in 2026. Videos show entire landscapes transformed into dumping grounds, including remote Himalayan areas where refuse has somehow been deposited.

India is the ultimate trash country.
Indians trash everywhere.
They even trash the Himalayas. pic.twitter.com/zVOxXgdnFq

— Manju Asura (@mandate2049) June 1, 2026

India ranks among the world's top plastic polluters. Around 35 percent of its waste is properly treated; the rest is dumped in open landfills and streets.

This is India, soon to be Texas

India is one of the worst places on earth for cleanliness and trash

– India is the world's top plastic polluter
– Around 35% of India's waste is properly treated, the rest dumped in open landfills and streets
– India is among the highest sources... pic.twitter.com/7qRQhM0OxO

— Wall Street Apes (@WallStreetApes) May 28, 2026

The Ganges alone carries hundreds of tons of plastic daily. Overflowing dumpsites, including Delhi's Ghazipur landfill rising more than 200 feet, have become landmarks of failure.

The rivers of trash in India really put into perspective how pointless it is to do things like banning plastic straws in Western Nations

If Western Countries are forced to follow all these insane environmentalist policies, other nations should also be forced to follow them or... pic.twitter.com/DPNqoHPKLr

— Wall Street Apes (@WallStreetApes) June 28, 2026

Western nations ban plastic straws and impose elaborate environmental rules while these rivers of refuse continue unchecked. The contrast is stark and reveals the futility of one-sided restrictions.

Indians are big mad at me for that poop mudslide post yesterday but I'd just like to make sure everyone knows India isn't all about poop.

It's about trash too.

It's that real Mumbai spirit! ?? pic.twitter.com/VFmnV96GD1

— Klara (@klara_sjo) July 14, 2026

However, this is not an abstract overseas problem. The same habits travel with the people. Videos from Canada, Australia, the United States and the United Kingdom reveal Indian migrants dumping couches, bags of rubbish, and household waste along roadsides, into ditches, rivers and parks.

Every day, I see videos on social media of Indians dumping trash all over Canada & USA.

One lady compiled a video of multiple Indian offenders dumping couches & bags of rubbish right on the side of the road, throwing trash in rivers, & ditches.

This is a cultural problem &... pic.twitter.com/LnaLSjrYiN

— Mrs B (@attackdogX) August 18, 2026

Endless clips show offenders tossing furniture and refuse in Western settings, treating pristine environments the same way many treat their home country.

Indians turn everywhere they go into a trash heap

Truly the most disgusting people on earth pic.twitter.com/8xHeNsff0d

— Clayton Walker (@Channel6ixNEWS) June 6, 2026

An Aussie woman catches an Indian man illegally dumping boxes of rubbish in her Melbourne neighbourhood in Melbourne & she chases him down the street.

This is a regular thing in Melbourne now.

There is dumped trash everywhere. Our communities used to be clean & well looked... pic.twitter.com/V9I1NpVF3f

— Lozzy B ??? (@TruthFairy131) June 12, 2026

Welcome to Canada...

It's wild how so many Indians export their street-trash culture to every Western country they move to. pic.twitter.com/lG0usAaXi4

— I Meme Therefore I Am ?? (@ImMeme0) August 16, 2026

A Canadian local forced a group to retrieve a dumped couch and take it to the proper landfill, calling it a lesson in basic standards.

Local man forces a group of Indians to pick up a couch they dumped off the side of a road in Canada and take it to the garbage dump.

"Call it a lesson in being Canadian"

Follow: @NoticerNews pic.twitter.com/0Q5iK0HsNK

— N News (@NoticerNews) June 27, 2026

A recent report from Juno News examined Canada's exploding illegal dumping crisis. In every case where dumpers could be identified on camera, the individuals were of Indian descent.

Brampton, Ontario, a city with one of the country's largest Indian populations, saw illegal dumping reports rise 163 percent between 2020 and 2024, from 2,117 incidents to 5,568. Surrey, British Columbia, another area with high concentrations of Indian immigrants, recorded thousands of clean-up sites in a single year.

Residents have begun confronting dumpers themselves and tracking identifying documents left in the trash. The pattern is consistent and undeniable.

The same story plays out across Britain.

The cultural refusal is clearest in the treatment of those who try to enforce basic standards. A litter enforcement officer in Dudley was racially abused and smashed over the head with a wooden pole hard enough to shatter it. Bodycam captured one offender screaming "Get the f*** off my property you white mother f*****" and threatening to take the officer's head off.

Once-clean British streets now resemble third-world dumping grounds, with black bags, discarded sofas, mattresses and commercial waste appearing regularly in areas of rapid demographic change.

This is north London, but it could be a Third World country in Africa or Asia. How bad can it get for us...? pic.twitter.com/nbZFOVO9PA

— Clean Up Britain (@cleanupbritain) July 11, 2026

Just look how brazen this bloke is...
He just doesn't care that he's polluting the country and committing a criminal offence. This sort of shameless and selfish attitude is what we're up against. pic.twitter.com/XHFRlVRkKw

— Clean Up Britain (@cleanupbritain) July 23, 2026

Once-clean British streets now look like a landfill that never got collected.
Fly-tipping, sofas in the road, black bags piled like mountains, tyres and mattresses dumped wherever they land.
This isn't "poverty".
It's imported standards meeting zero enforcement.
You can feel the... pic.twitter.com/GoRxuId8To

— Retard Radar (@FullRetardRadar) August 15, 2026

Exactly... This is happening all over Britain, every day.
It's beyond a national disgrace. @CamillaTominey pic.twitter.com/1c0QM2qP8I

— Clean Up Britain (@cleanupbritain) August 4, 2026

How dare they invade our beautiful country & treat it like some 3rd world shanty town

It's actually infuriating pic.twitter.com/gD5KF0XbGM

— Restore Liverpool ????????? (@RestoreLVP) August 4, 2026

The state of the Lozells ward in Birmingham is absolutely shameful but newly elected Councillor, Taj Uddin, thinks a few CCTV cameras are going to fix the problem.

The problem is in their own community, we already have laws.

They choose to ignore them and live in filth. pic.twitter.com/76v4hXShnV

— Kiera Diss (@KieraDiss) August 4, 2026

This is occupied Leicester.

Noticing a trend yet? https://t.co/c8V48k4NkT pic.twitter.com/XvvoHp9Gip

— Kiera Diss (@KieraDiss) August 4, 2026

It's not just people being dumped on the streets in Sparkhill, the rubbish is all over the place.

This is not just a packet or crisps or can, it's household waste and furniture.

A rotten way to live. https://t.co/MRwEpms8Ln pic.twitter.com/ID8HmYydoQ

— Kiera Diss (@KieraDiss) August 4, 2026

This video was shot this weekend in a field off a leafy lane in Herts. We'll be erecting a camera here, but too late to catch these criminals. This is commercial waste and we're lobbying for a minimum and automatic £20,000 fine for this crime. The risks must outweigh the... pic.twitter.com/n8XGbBY7tt

— Clean Up Britain (@cleanupbritain) August 1, 2026

Urban decay, mountains of rubbish, is now commonplace in zones that once maintained basic standards.

Or in zones 3-5 in London. Fly tipping pic.twitter.com/tDpZAAh2qw

— TotalSteveO (@TotalSteveO) July 23, 2026

pic.twitter.com/F3bzusWz1J

— TotalSteveO (@TotalSteveO) July 23, 2026

Western countries maintain weekly bin collections, legal tips and public bins. The services exist. The choice not to use them is deliberate. People do not magically abandon the habits of their origin countries upon crossing a border. They bring the culture with them. The result is the progressive transformation of tidy Western towns, parks and waterways into the same wastelands visible in the Pindia Challenge.

Mass immigration without assimilation does not produce enrichment. It produces eroded civic standards, selective enforcement and neighbourhoods that look as if no one is in charge.

The Pindia Challenge is more than an internet game. It is a mirror held up to a reality that open-borders policies have chosen to ignore. Import the people, import the trash. The streets of the West are already paying the price.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Thu, 08/20/2026 - 07:20
Tyler Durden

How small business owners can compete with big brands on hiring websites and job boards

NY Post
1 month 3 weeks ago
Let’s pull back the curtain on how the massive corporations actually hire.  I know how the sausage is made, and I can tell you that the single biggest weakness of a Fortune 500 company isn’t its budget or its brand recognition. It’s time. Big corporate brands can easily take an eternity to hire a single...
Barret Wertz

King Charles only learned of Harry and Meghan’s shocking return to UK days ago

NY Post
1 month 3 weeks ago
"Charles is the reason they are moving back,” an insider said.
Patrick Reilly

"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame

Zero Rss
1 month 3 weeks ago
"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame

It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last.

After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers continue to ignore calls to contend with historically wide fiscal deficits.

The largely expected news came just hours after Treasury Secretary Scott Bessent unexpectedly announced the Treasury's latest attempt to rein-in long-term borrowing costs from multi-year highs, the most important component of the growth in debt. The Treasury stunned the market when it said, just two weeks after the latest Refunding Announcement where it should have made this change, that it was ramping up the support for longer-dated securities by "increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector)."

The announcement that sent yields plunging, if only for the time being. 

Remarkably, it was less than 5 years ago that US debt hit $30 trillion back in January 2022, illustrating the rapid growth in federal borrowing needs. And there’s no end in sight. 

As Bloomberg notes, "Republicans have long opposed revenue-raising tax increases," while Democrats are best known for spending like drunken sailors to maximize socialist central planning, and both parties are loathe to sign on to politically toxic cuts to healthcare and retirement benefits for seniors. Many observers anticipate Congress and the administration of the day will only act if forced by a financial-market disruption.

That won't stop them from talking about it all the time, though, as both parties at least pretend to understand that the US is on a catastrophic collision course should debt growth continue at this pace, and if the AI bet - which is now an all-in for virtually everyone - fails to dramatically boost productivity. Bessent, for one, said a key reason he got involved in politics was to help tackle deficits running at a pace unprecedented for times outside of major wars, pandemics or depressed job markets. So far he has failed catastrophically, and worse, he is doing precisely the kind of activist issuance "Twisting" for which he bashed his predecessor, Janet Yellen.

Economists, the Congressional Budget Office and Wall Street all see little or no progress in coming years for the deficit-to-gross domestic product ratio.

“Optically, I’m sure crossing thresholds like $40 trillion will focus attention on the issue in the near term,” said Matthew Luzzetti, chief US economist at Deutsche Bank AG. “But it does not represent a magical threshold for debt dynamics, and projections have anticipated this outcome for some time.”

More important, Luzzetti said, is the climb in US Treasury yields, which is steadily increasing the cost of servicing the record debt load. Last Thursday, the department’s latest 30-year bond auction resulted in the costliest such sale in a quarter century. A 10-year auction a day earlier drew the highest financing cost at that tenor since 2007, and only today's announcement which sent yields tumbling prevent today's 20Y Treasury auction from pricing at the highest yield on record. 

As buyers demand higher yields, that in turn drives up the Treasury’s borrowing needs. With two months left to go in the fiscal year, the government’s tally for interest costs so far for 2026 is $1.37 trillion - a 20% increase on the same period a year before. That in turn adds to the debt, potentially fueling further investor calls for higher rates, in a pattern known as a “doom loop.”

For a visual of said doom loop, consider that the Treasury paid out about $85 billion to bondholders in its semi-annual coupon payment on Monday, the largest on record. For comparison, the Treasury paid out $75 billion of interest at the mid-month settlement period in August 2025 and about $80 billion on Feb. 17.

Interest costs are now the third-largest part of the budget, surpassing healthcare and just behind Social Security. However, at $1.6 trillion, Social Security will be topped by gross interest no later than 2026.

It gets worse: thanks to the AI bubble - and specifically the AI debt bubble which we correctly spotted one year ago and which the market is only now starting to freak out about - the record debt issuance to fund capex is now starting to crowd out of demand for US paper. This means that very soon, the US government will have to decide: keeping the electorate happy, or funding data centers so they can buy the latest massively overpriced memory chips needed to run the latest chatbot. Incidentally, those soaring memory costs are now adding about 0.5% to core PCE, a number which the admin will soon realize is very politically unpopular, and will lead to a historic crackdown on hyperinflationary memory and semiconductor prices. 

“The federal budget is the enemy within,” Douglas Holtz-Eakin, president of the American Action Forum and a former director of the CBO, wrote in a note Monday. “It is the greatest threat to the foundations of economic progress, U.S. international economic standing, and national security. The only reason for optimism should be material actions to rein in the sea of red ink. There are no such material actions.”

He is right, of course: the only time there can be material actions, is when the bond vigilantes crash the market, yet actions such as those by Bessent today assure that said day was just punted several weeks or months into the future, again and again.  

But wait, because there is even more: all of the above assumes no recession, no crises, no emergencies for the foreseeable future. Well, consider that US debt exploded higher during the most recent economic downturns tied to the global financial crisis and the Covid pandemic. During those periods, revenue slid as tax-paying workers lost jobs, and assistance payments jumped. One can only imagine where US debt will be after the next recession/pandemic/hot war.

Going back to Bessent, the current Treasury secretary came into office in 2025 touting a budget deficit target of around 3% of GDP by the end of President Donald Trump’s second term, which concludes in January 2029.  It’s not clear how that will possibly happen: as of July the ratio is 6% and rising... and will keep rising the longer the AI bubble drains demand for US long-dated paper.

Meanwhile, according to recent reports, Trump is seeking to galvanize support ahead of the November midterm elections, and is looking at new tax-cut promises in addition to increases in defense spending, both of which will supercharge the deficit and lead to even more debt. Meanwhile, the Elon Musk-led 2025 Department of Government Efficiency effort, which sought to slash discretionary spending including on contracts and government buildings, failed to cut outlays as much as DOGE’s own estimates projected. 

And then there is the next round of political theater: the current pace of debt accumulation...

We'll take the over https://t.co/Gw0yfjylXR pic.twitter.com/Abq2dtPtrx

— zerohedge (@zerohedge) August 19, 2026

... means that the government has about 4 or 5 months before it again hits the debt ceiling of $41.1 trillion. Hitting that marker is expected to trigger another in the series of partisan showdowns in Washington over the years to head off a potentially devastating US payments default.

“The government has not taken meaningful actions to address the large general government fiscal deficits,” Fitch said. “Spending pressures will mount over the next decade due to an aging population.” The country will be “vulnerable to future economic shocks” as debt levels increase, the rating company said.

For Fitch, talk is cheap: instead of downgrading the US credit rating, one week ago Fitch reaffirmed the US at AA+, assuring that absolutely no remedial step will be taken, and that the next debt crisis will be cataclysmic.

“Hitting this big round number will hopefully send a wake up call throughout Washington,” said Michael Peterson, who chairs the Peter G. Peterson Foundation, a research group, in regard to the $40 trillion. “It will hurt everyday affordability across the country if we don’t get our debt under control,” he said.

He is wrong: everyone knows that the US is on a historic collision course with destiny. The only wake up call was for gold and bitcoin algos, both of which finally woke up from a bizarre slumber, sending both real and digital gold soaring.

 

Tyler Durden Thu, 08/20/2026 - 07:01
Tyler Durden

California clan that swindled $18M from COVID cash inspires Senate bill to crack down on ‘fraudster families’

NY Post
1 month 3 weeks ago
"Their next scam-ily reunion will be in the slammer," Sen. Joni Ernst (R-Iowa) said.
Ryan King

How Cam Skattebo can erase Giants’ unspoken doubts as star power explodes off the field

NY Post
1 month 3 weeks ago
Will Cam Skattebo's production ever match the popularity that tickets him to red carpets and WWE matches, and brings followers to his Twitch page to watch him play video games?
Ryan Dunleavy

Preview the New York Post’s exclusive Fall Shopping Event sale: shop deals you can only find here

NY Post
1 month 3 weeks ago
The best week of the year is coming for those who *love* a good discount.
Victoria McDonnell

For decades, most American teens worked summer jobs — not Gen Z

NY Post
1 month 3 weeks ago
Fewer teens are donning embarrassing uniforms to work for peanuts, with just 35.5% of 16 -to- 19-year-olds holding gigs this summer, according to the Pew Research Center.
Natalie O'Neill

Pagination

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