GOOD LIFE

Roaring guitar, floating feeling

[GOOD LIFE @RICHxROCKER]

FFO: Sonic Youth, Buzzcocks, My Bloody Valentine, NYHC

LISTEN:
Bandcamp - https://t.co/DQID2YzyVp
Spotify - https://t.co/1uEETsNiA6
Deezer - https://t.co/Y91bhyCn9A
Apple Music - https://t.co/t1PqMvwvam

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[Mark Slapinski @mark_slapinski]

Donald Trump thinks if he keeps posting stupid shit on social media we'll forget about the fact that he raped children with Jeffrey Epstein.

[Li Zexin 李泽欣 @XH_Lee23]

"These are the real top stars that we should follow!"

Many Chinese cities are recently putting scientists on big public screens instead of commercial ads.

These are the people who lifted China from weak to strong in defense, food, health, and tech...

[Barchart @Barchart]

Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset 🚨🚨🚨

[Seyed Mohammad Marandi @s_m_marandi]

Satan bows to the Zionists

[Tiberius @tiberiusfiles]

90% of the world’s population dreams of the fall of the US Empire

[David Stockman @DA_Stockman]

No, POTUS, you did not double US oil reserves. You stole 65 billion barrels of ultra-high cost Venezuelan heavy oil reserves that are worth 1.7% of USA reserves on an NPV (8% discount rate over 50 years) basis. Congratulations on being the stupidest thief in world history!

[Ayatollah Mojtaba Khamenei @MKhamenei_ir]

In the Name of God, the Compassionate, the Merciful

"Muhammad, the Messenger of God, and those who are with him are firm against the disbelievers and merciful among themselves" (Holy Quran 48:29).

[Tucker Cooper ☮️ @TuckerCooper89]

Itamar Ben-Gvir gets confronted in the US Capitol by protesters calling him a war criminal and baby killer for Gaza. He loses it screaming “You kill baby!” while pointing and getting pulled toward the elevator

Congress invited this radical in. Disgrace!

[Middle East Observer @ME_Observer_]

⚡️🔴 Yemen: Ansarallah Military media releases new footage shows Yemeni armed forces targeting Saudi enemy gatherings and vehicles with drones on several fronts.

[GOOD LIFE @RICHxROCKER]

@spectatorindex Prices at which country?

[The Spectator Index @spectatorindex]

Prices, since start of the year.

Rice: +57%
Wheat: +51%
Cotton: +41%
Rubber: +32%
Soybeans: +24%
Wool: +21%
Palm oil: +20%
Sunflower oil: +17%
Tea: +13%
Cheese: +9%

[Clash Report @clashreport]

Q: Essentially, we now have two allies: North Korea and Iran. And many people are asking: how did we get to this point? How did we end up in such company?

Lavrov: And what’s wrong with the company?

Q: Countries that were previously considered pariah states around the world have now become Russia’s main allies. And many people are asking why.

Lavrov: They were considered pariahs by those who imagined themselves to be the victors of the Cold War.

[Ayatollah Mojtaba Khamenei @MKhamenei_ir]

If the Muslims had been a single, united hand, which is clenching its fist with firm resolve, would the nation of #Palestine have been left so defenseless in this way and subjected to the oppression and crimes of the occupiers?

[Shaiel Ben-Ephraim @academic_la]

I grew up in this Israel. Thinking that we were the good guys. But this is who we have always been. I was lied to my whole life.

[Ayatollah Mojtaba Khamenei @MKhamenei_ir]

The criminal rulers of the US and the illegitimate Zionist regime are the sworn enemies of this unity [among Muslims] and friendship.

[Sony Thăng @nxt888]

You want to know what actual free speech looks like in the American context?

Edward Snowden told the truth about what the government was doing to its own citizens.

He is in exile.

Chelsea Manning told the truth about what the military was doing in Iraq, including footage of a helicopter crew killing journalists and laughing.

She was imprisoned.

Julian Assange published documents showing the gap between what Western governments said and what they did.

He spent years in an embassy and then a prison, and the country that lectures the world about press freedom led the effort to destroy him.

Meanwhile the people who lied about weapons of mass destruction and launched a war that killed hundreds of thousands:

They are on the speaking circuit.

They are on television as analysts.

They have libraries named after them.

This is not a paradox. This is the system working correctly.

Free speech, in the empire's operating definition, means you can say anything that doesn't threaten the machine.

The moment the speech has real consequences for real power:

You discover exactly how free it is.

[Trita Parsi @tparsi]

So when you read about eight members of an NBC News Team being beaten by Israeli settlers today in the West Bank, it's important to note two things:

1. The settler wouldn't do this to Americans had they not received a green light from the Israeli gov.
2. Israel's gov would not have given such a green light unless it felt confident that the US gov - and Amb. Huckabee - wouldn't lift a finger to defend the Americans.

[Bull Theory @BullTheoryio]

THE US TREASURY AND THE FED ARE NOW AT WAR WITH EACH OTHER

Scott Bessent wants yields down. Kevin Warsh is pushing them up. Neither side is winning.

On August 19, Bessent doubled Treasury bond buybacks to $4 billion a week, aimed at the 10-year to 30-year part of the curve, specifically to force long term borrowing costs lower.

The move worked for a few hours. The 30-year yield dropped about 10 basis points right after the announcement.

By the next day, the entire move had reversed. The 10-year sat at 4.704% and the 30-year at 5.248%, both higher than before Bessent's announcement.

This isn't happening in a vacuum. US national debt just crossed $40 trillion, after adding $1 trillion in new debt in just a few months. The federal deficit is on pace for close to $1.9 trillion this fiscal year.

On top of that, tech companies are flooding the bond market with corporate debt to fund AI and data center buildouts, competing directly with Treasury issuance for the same pool of buyers.

That combination, more government debt, more corporate debt, and a Fed unwilling to ease, is the real reason yields keep grinding higher no matter what Bessent does.

Bessent responded by threatening even bigger buybacks, saying yields don't reflect fundamentals. Yields ignored him and kept climbing anyway.

Then on August 28, Warsh gave a hawkish Jackson Hole speech, locking in the 2% inflation target as "firm and fixed" and refusing to rule out a September hike. That pushed yields higher again, wiping out whatever ground Bessent had gained.

This same fight is already playing out in Japan, and it is not going well there.

The Bank of Japan has been hiking rates to defend the yen, and Japan's 2-year yield just hit 1.698%, a 31-year high. At the same time, Japan's government has spent a record 15.4 trillion yen, about $96.6 billion, in the last month alone trying to prop up the yen through direct intervention.

Despite that record spending, the yen is still trading above 160 against the dollar, the same level that triggered a coordinated US-Japan intervention earlier this year.

In Japan's case, the central bank hiking rates to fight inflation is directly undermining the government's effort to defend its currency through intervention. The two arms of the same government are working against each other, and the yen keeps losing anyway.

The US is now showing the same pattern.

The Treasury is spending its own tools trying to hold yields down while the Fed's own chair is actively pushing them higher with hawkish rhetoric.

If the Fed keeps leaning hawkish while the Treasury keeps fighting yields with buybacks, the US bond market could start seeing the same kind of persistent stress that has been building in Japan all year, where no amount of intervention fully works against a central bank moving the opposite way.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US government is now running a primary budget deficit of -3.59% of GDP, the largest among major advanced economies.

The primary budget deficit EXCLUDES the $1.1+ trillion in interest payments on existing government debt.

This is followed by the UK at -3.51% of the country’s GDP.

Belgium, France, Austria, and the Euro Area run primary budget deficits of -2.14%, -1.97%, -1.66%, and -1.40%, respectively.

In other words, even excluding the cost of servicing existing debt, which is the 2nd-largest US government expenditure, even larger than defense spending, the US deficit is the biggest relative to GDP among all major advanced economies.

US deficit spending is out of control.

[Seyed Abbas Araghchi @araghchi]

Our intelligence shows major efforts to game energy markets. U.S. Govt elements use gullible media to influence prices for personal gain and keep POTUS mired in a losing war. Israel-aligned actors also promote war with rosy assessments.

U.S. consumers feel the real bottom line.