Wednesday, September 9, 2026

The True Extent of Fallout From US’s Defeat in Iran Is Still Being Processed

by Simplicius, Simplicius:

The latest WSJ report sheds new light on the origins of Trump’s Iranian debacle, which confirms virtually everything we had already guessed:

It begins by describing how Netanyahu reassured Trump Iran was at its “weakest point in decades”, while Trump’s own intel analysts via Gabbard’s DNI warned him that killing Khamenei would merely install much more hardline figures who would rush to close the Strait of Hormuz, amongst many other things which predicted the eventualities that ensued almost perfectly:

Congress Is Trying to Sneak CBDC into the Housing Bill

by M Dowling, Independent Sentinel:

The uniparty is trying to sneak a Trojan horse in the form of a CBDC into a housing bill opposed by at least 80 percent of Americans. Congress won’t even respond to the SAVE America Act, which is an 80-20 bill. This is more serious. The CBDC is a potentially dangerous government currency. It turns control of our money over to the banks, and we can’t trust them. While they promise not to use it for surveillance or control, it’s probably best not to take that promise too seriously.

A Day Of Reckoning Arrives For U.S. Treasuries Just As The U.S. National Debt Reaches $40,000,000,000,000

by Michael Snyder, The Economic Collapse Blog:

We all knew that this was coming. For ages, people like me have been ranting that we would be facing a financial nightmare if we didn’t get the national debt under control. Of course most of the population didn’t want to listen, and they just kept sending big spenders back to Washington. Now we are 40 trillion dollars in debt and we are spending well over a trillion dollars a year just in interest on that debt. Nobody can deny that we have reached a stage where our debt spiral is totally out of control. The federal budget deficit for the month of July was 432 billion dollars. Interest on the national debt for the month of July was 118 billion dollars. Now Treasury yields are spiking as investors become hesitant to buy more of our debt. Borrowing costs are rising to very alarming levels, and we are in far more trouble than most people realize.

Less than a hour later the 30-year Treasury breaks 5.2%!

Patriotism Shouldn’t Apply to the Debauched Dollar

by Stuart Englert, Stuart Englert’s Substack:

America’s Forefathers Warned Us About Fiat Currency

As the United States prepares to commemorate its 250th anniversary, Americans will celebrate the nation’s founding with pageantry, parades, pomp and patriotism.

Loving one’s country of birth and taking pride in its independence-inspired origins, praiseworthy accomplishments, and laudable legacy is a natural inclination and respectable trait.

Quick Take…what’s up with CBDCs?

by Kit Knightly, Off Guardian:

Have you seen a mainstream headline about central bank digital currencies (CBDCs) so far this year?

Probably not.

What used to be a regular on the front page has been curiously absent. What stories there are have been tucked away, and the tone is decidedly changed:

Is a digital euro necessary for monetary sovereignty? Rethinking the CBDC debate

That’s from Santander, riffing off a report from the Centre for Economic Policy Research (CEPR), “Central bank digital currency and monetary sovereignty”, which concludes [emphasis added]:

China Halts Some Rare Earth Element Shipments to the US

by Mish Shedlock, Mish Talk:

Ahead of Xi’s meeting with Trump, China holds back rare earth shipments.

Geopolitical Worries

Reuters reports China Rare Earth Firms Halt Some US Shipments Over Geopolitical Worries.

Some Chinese rare earth suppliers are declining to ship to the U.S. for fear of repercussions from Beijing, three sources said, ​underscoring how access to the materials remains an issue for the U.S. weeks before President Xi Jinping visits Washington.