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Sat, 21 Mar 2026 03:05:00 +0000 Smith: The Political Left, Multiculturalism, & The Dark Alliance With Islam
Smith: The Political Left, Multiculturalism, & The Dark Alliance With Islam
Smith: The Political Left, Multiculturalism, & The Dark Alliance With Islam
Authored by Brandon Smith via Alt-Market.us
For 15 years the FBI was engaged in a landmark investigation into the largest Islamic-based charity in the United States, called The Holy Land Foundation. The organization was operating as a front for Muslim terror groups, funneling cash from western countries to Hamas and the Muslim Brotherhood, until they were finally put on trial in 2008.
Convicted leaders were known as the “Holy Land Five,” and included Shukri Abu Baker, Ghassan Elashi, Mufid Abdulqader, Abdulrahman Odeh, and Mohammad El-Mezain. Among the documents seized from these individuals during the investigation was a strategic paper drafted by senior Muslim Brotherhood operative Mohamed Akram in 1991.
The paper was titled: “Explanatory Memorandum on the General Strategic Goal for the Group in North America” . It outlined an agenda called the “Civilization-Jihadist Process”, also known as “Stealth Jihad”.
The memorandum gave detailed methods for establishing Islam as a “civilization alternative” in the West and a “grand Jihad” for eliminating and destroying the Western civilization from within. It called for the ‘sabotaging’ of the west and its “miserable house” by domestic hands AND the hands of the believers so that the west is eliminated and “God’s religion is made victorious over all other religions.”
The plan explicitly referred to using western society’s own people, institutions, laws, and unwitting allies (progressive groups and NGOs, media, politicians, academics, or civil-rights organizations) to advance the Islamic agenda.
Tactics included infiltration of education, media, government, finance, and alliances with non-Islamic actors “when tactically beneficial” while maintaining ideological separation. This is also called “long-term settlement” (tamkeen); a form of demographic or cultural subversion rather than direct conquest. It is often mentioned in the paper as “the settlement mission”.
A related 1982 Muslim Brotherhood document (called “The Project”) outlines a 100-year global plan with similar elements: building parallel societies, exploiting Western freedoms, and forming pragmatic coalitions.
One problem the Muslims wrestled with was the need for foreign alliances and western “advocates” to make immigration and the integration of Islam into target countries more “official”. Twenty-five years ago, this was considered all but impossible in the US and in Europe. However, since around 2014, the Sharia fundamentalists found a willing and ready ally in the new “woke” left.
Today, the notion of even discussing the agenda of “Stealth Jihad” in a public venue in 2026 is labeled “racist” by progressive activists and left wing politicians (even though Islam is not a race). If you were to go back in time around 15 years ago and explain to people what is happening today in terms of third-world immigration, they would probably laugh in your face and call you a conspiracy theorist.
In 2026 in Europe the plan is nearly complete and in the US the plan is well underway. The change in how our society views Islam as an untouchable subject is largely due to a dark and convenient political alliance between the woke left and the Stealth Jihad.
Only recently has the problem of Muslim immigration risen to the forefront of media coverage, but only because of the work of citizen journalists like Nick Shirley who are exposing widespread fraud among migrants. The majority of this fraud, whether it is in Minnesota or California, is connected to Somali Muslim immigrants and is perpetrated with the help of leftist NGOs and politicians.
Coming from a country with an average IQ of 67, these people are not capable of instituting such a plan on their own. They had help and it is clear that Democrats are deeply involved in these operations, perhaps in exchange for financial kick-backs, but certainly in exchange for votes (Somali migrants in Minnesota voted 80% in favor of Democrats in 2024).
It’s not surprising, but there are a lot of similarities between progressives in the west and third world Islamic migrants from the east.
The political left has long held an agenda similar to Stealth Jihad. In Marxism it is referred to as “cultural hegemony” or “the long march through the institutions”. It is associated with the work of Antonio Gramsci, the founder of the Italian Communist Party. Interestingly, his ideas of cultural hegemony are often studied as a means of better understanding the agenda of Stealth Jihad.
Gramsci’s approach (developed in his Prison Notebooks in the 1920s–1930s) argued that in advanced capitalist societies the “ruling class” maintains power through cultural hegemony. To overthrow this, he asserted that revolutionaries must wage a “war of position” rather than a frontal assault.
This meant infiltrating and capturing key institutions (schools, universities, media, churches, judiciary, government bureaucracies) to erode cultural norms, reshape public consciousness, and create counter-hegemony until socialism/communism becomes the new ideological norm. We have witnessed this nightmare in vivid color with the woke movement of the past decade. For the longest time the agenda was dismissed as “conspiracy.”
I would also point out that the general attitudes of third world migrants and leftists are essentially the same when it comes to production and survival: Both groups view producers as targets for piracy. Why would they integrate into western society, work hard and build for the future when they can feed off the production of others? Why create their own wealth when it is so much easier to pillage the wealth of people who innovate, construct and save?
But this partnership goes far beyond easy cash and socialized living into the realm of ideological and religious warfare. As noted, Stealth Jihad is about the exploitation of western freedoms and open systems as a means to invade and drive out the native religions (Christianity).
The Christian belief system is essential to western civilization. Whether or not a person living in the west believes in it doesn’t matter; they still benefit from the inherent Christian drive to build, structure and maintain a moral and ordered society based on rules for EVERYONE.
You would think that a partnership between Islam and the woke cult would be completely antithetical. After all, Muslim societies are defined by the rule of dominance, tribalism and brutal theocracy. There is zero tolerance in Islamic society for feminism, homosexuality, transgender theory or atheism. The Marxist world is rooted in atheism and moral relativism – The deconstruction of societal norms and the idea that unchecked hedonism is the ultimate form of freedom.
However, each group is beneficial to the other; they serve each other’s purposes. They also have the same primary enemy (Christianity). This intersection of benefits and shared hatred is where we find “Multiculturalism” – The agenda to wipe out the west using third-world immigration as a bulldozer.
VIDEO
Multiculturalism is simply an updated version of Gramsci’s Marxist cultural hegemony strategy, combined with third world notions of ethnic supremacy or religious supremacy. If you want to understand what is happening in places like the EU or the UK; if you want to know why these governments are completely ignoring the will of the public and blatantly aiding an Islamic invasion, this is why.
These are leftist governments with a clear objective to eliminate competing western and Christian ideals in order to establish a new cultural hegemony, and they are doing it subversively by using liberal values as a cudgel. Modern Europeans, fearful of ever being accused of “bigotry”, refuse to admit that they are committing high-minded suicide. Blind acceptance of immigration and the inability to discriminate logically is setting Europe on the path of total collapse.
This is what the Marxists want, and this is what the Muslims want. It’s much easier to pirate and enslave a population in the midst of social and economic crisis.
In the US we see a similar plan, though, leftists are working much harder to present Muslim migrants as ideologically aligned with liberalism. When conservatives see groups like “Queers for Palestine”, or we see New York Mayor Zohran Mamdani hiring transgenders for his administration while holding Muslim dinners on the floor of his office, what we are witnessing is the theatrical facade of “inclusivity.”
At bottom, these people do not share viewpoints that can truly “intersect”, but their short term goals are the same. Leftists hate conservatives and Christians because we represent a rules based order that stands in the way of their vision of pure hedonism. Muslims see conservatives and Christians as an obstacle to global Islam.
If the conservative west was theoretically defeated and we disappeared, the left and the Muslims would certainly turn on each other. Each group probably thinks they can control the other group when the time comes.
As the war in Iran moves forward, I have little doubt that we will see an exploding insurgency from leftists and Muslims in the US which will force us to question our foundational concepts of a “free and open society”. We will be forced to acknowledge that these exalted ideas cannot be applied to everyone. Specifically, they cannot be applied to people who want to destroy us. At bottom, the “rights” of people waging war upon us do not matter.
The question is, can we survive such a war and come out the other side with a constitutional republic intact? I think we can, but such a system would have to parse out and separate from ideological groups that see the west as a target (the Founding Fathers would NEVER have tolerated an anti-west invasion). We must accept, finally, that we cannot coexist in freedom with such people.
Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.
Tyler Durden
Fri, 03/20/2026 - 23:05 Close
Sat, 21 Mar 2026 02:40:00 +0000 Watch: China Claims Cyborg Breakthrough To Build An "Army Of Centaurs"
Watch: China Claims Cyborg Breakthrough To Build An "Army Of Centaurs"
Researchers at Southern University of Science and Technology in Shenzhen have unveiled a wearable robotic system that adds a pair of independent mechanic
Read more.....
Watch: China Claims Cyborg Breakthrough To Build An "Army Of Centaurs"
Researchers at Southern University of Science and Technology in Shenzhen have unveiled a wearable robotic system that adds a pair of independent mechanical legs and a torso framework to a human wearer, forming a four-legged hybrid to assist with carrying heavy loads across difficult terrain such as stairs, ramps, and uneven ground, according to the South China Morning Post .
Led by Chenglong Fu, the team of scientists designed the device to combine human cognitive advantages in path planning and decision-making with robotic capabilities for load-bearing and endurance in environments too hazardous or complex for fully autonomous systems . An elastic coupling mechanism synchronizes the robotic legs with the user's movements, allowing the hybrid to share more than half the payload weight while preserving natural gait and balance.
The system consists of two independent robotic legs and a robotic torso which can be attached to the user via a compliant elastic interface forming a four-legged human-centaur. Photo: Handout
In tests, the system cut the wearer’s net metabolic cost of walking while carrying a 44-pound load by 35% compared with a conventional backpack and reduced peak plantar pressure by 52%, fueling media speculation in China that the technology could serve as the foundation for a large-scale “army of centaurs” to augment the Asian superpower’s military personnel.
The Chinese military's ongoing investment in exoskeleton technologies to boost troop stamina suggests potential military applications for these human-augmented systems , though the device's bizarre appearance has prompted criticism and mockery, reports the SCMP .
The breakthrough comes amid the escalating rivalry in robotics between the United States and China. Recently, executives from Boston Dynamics and Scale AI testified before a House Homeland Security subcommittee, warning that China's progress in humanoid robots presents national-security concerns. Witnesses advocated for coordinated federal measures, such as broader export controls on AI chips and restrictions on government procurement of Chinese robotic technologies, to safeguard U.S. leadership.
As we previously reported, broader anxiety over China's manufacturing dominance extends beyond robotics.
Following a trip to China last fall, Greg Jackson, CEO of the British energy company Octopus, recounted touring a near-autonomous "dark factory" producing mobile phones with minimal human oversight.
“We visited a dark factory producing some astronomical number of mobile phones ,” Jackson told The Telegraph at the time.
“The process was so heavily automated that there were no workers on the manufacturing side, just a small number who were there to ensure the plant was working. You get this sense of a change, where China’s competitiveness has gone from being about government subsidies and low wages to a tremendous number of highly skilled, educated engineers who are innovating like mad.”
Australian mining magnate Andrew Forrest abandoned plans to develop electric-vehicle powertrains in-house after witnessing China’s fully robotic assembly lines where machines emerge from the floor to build trucks with zero human intervention over long conveyors.
Morgan Stanley analysts project the humanoid robotics sector could swell to a $5 trillion market by 2050, encompassing sales, supply chains, maintenance, and support networks, with potentially over 1 billion units deployed globally by mid-century.
Tyler Durden
Fri, 03/20/2026 - 22:40 Close
Sat, 21 Mar 2026 02:15:00 +0000 Inside Iran's Internet Access Black Market Amid 3-Week Wartime Blackout
Inside Iran's Internet Access Black Market Amid 3-Week Wartime Blackout
Inside Iran's Internet Access Black Market Amid 3-Week Wartime Blackout
Via Middle East Eye
Since the start of the US-Israeli war on Iran, Iranian authorities have sharply restricted access to the internet. According to NetBlocks, a group that monitors internet access worldwide, Iran has experienced a near-total blackout for 20 consecutive days . Connectivity has dropped to less than one percent.
For those trying to access the internet, options are limited. Some rely on Starlink, which is not widely used. The equipment is expensive and difficult to import. Iranians also believe is easier for the authorities to detect. Others turn to VPNs (virtual private networks) and custom configurations that can be installed on their phones to mask traffic and bypass censorship.
Elaheh, who like all Iranians spoke to Middle East Eye using a pseudonym for security reasons, has managed to get online with difficulty. She says she bought access through the black market .
WANA via Reuters
"There are people on Telegram who sell VPNs and configurations," she says. "You have to be lucky. Usually, someone you know has to introduce you."
She explains how it works in simple terms: "They don’t really sell a normal VPN. They give you a configuration. You put it into your phone settings, and then use apps like OpenVPN to connect."
Telegram remains one of the most widely used apps in Iran . People use it for news, communication and everyday life. Now, it has also become a place where VPN sellers advertise their services. But not all of them can be trusted.
High prices and scams
Maryam says she was one of the unlucky ones. She found a seller through a friend. He offered her a one-week unlimited VPN for 70m rials - roughly $45-$50.
"I paid the money," she says. "But after that, he told me all the connection routes had been blocked by the government, and that it wasn’t possible to connect."
Days later, she is still waiting. The seller keeps making excuses. He has not provided access and has not returned her money. Stories like hers are becoming more common, but there are plenty of trustworthy sellers on the black market too.
Alireza, 32, studied computer engineering and now sells VPN access. He agreed to explain how the system works, though he is clearly worried about the risks.
"When the internet is restricted in Iran, usually one of two things happens," he says. "Either certain websites are blocked, or the connection to the global internet becomes slow or limited."
He says the system is not completely shut down. "It’s controlled and filtered," he says. "That’s why we can still find ways to provide access."
According to Alireza, users buy a technical setup, not just a simple app. "We give them a configuration," he says. "It includes the server address, port, protocol, and encryption key."
Users then connect through tools like OpenVPN or V2Ray, which route their traffic through servers outside Iran. "In simple terms, it looks like they are connecting from another country," he says.
Warnings and risks
Using these tools is not without risk. Arman, a VPN user, says the connection is unstable and often cuts out. But what worries him more are the warnings. "I’ve received several text messages," he says. "They said security agencies know I’ve been connecting to the global internet."
The messages warned that if he continued, he could face consequences. Since the start of the war, Iranian security and law enforcement officials have repeatedly announced that they have arrested people accused of selling VPNs and other tools that help users bypass internet restrictions .
Alireza says the situation has become more serious than before. "This is no longer just about selling VPNs," he says. "It has become a security issue." Sellers are now much more careful. "We prefer to deal only with people we already know," he says. "Even a phone call or a message could be from security forces."
Prices keep rising
As the blackout continues, prices are rising fast . Pegah, 29, says she has had internet access since the early days of the war - but it has become more expensive each week.
"At first, I bought a one-week package for 10m rials," she says. "I didn’t trust the seller enough to buy more."
A week later, the price jumped. "It went up to 30 million," she says. "And when I wanted to buy for a friend, the seller said it had increased again - to 50 million per week."
She says she was lucky. Her connection works. Others have not been so fortunate. "One of my friends paid 100m rials," she says. "And most of the time, the connection didn’t even work."
Access to the internet has become expensive, unreliable and uncertain. But it’s a familiar pattern. In recent years, cutting internet access has become a common response by authorities during times of crisis - whether protests or external conflict. Elaheh says the impact is immediate.
"They always take it out on ordinary people first," she says. "This kind of shutdown just creates more anger." She pauses, then adds: "I really don’t know what goes through the minds of those making these decisions. It feels like all they know is how to make people more frustrated."
Tyler Durden
Fri, 03/20/2026 - 22:15 Close
Sat, 21 Mar 2026 01:50:00 +0000 First-Ever Look At America's Classified RQ-180 Stealth Drone?
First-Ever Look At America's Classified RQ-180 Stealth Drone?
The world is seemingly at war. With multi-front conflicts raging in Eastern Europe and intensifying in the Middle East, this period of elevated World War III risk has co
Read more.....
First-Ever Look At America's Classified RQ-180 Stealth Drone?
The world is seemingly at war. With multi-front conflicts raging in Eastern Europe and intensifying in the Middle East, this period of elevated World War III risk has coincided with the emergence of some of America’s most advanced stealth aircraft.
The latest sighting comes from the Greek news website OnLarissa , which reports that a planespotter captured a "mysterious" stealth-bomber-like aircraft operating near Larissa, Greece, near the Hellenic Air Force (HAF) base.
The local outlet stated, "The ferocious warplane was reportedly parked due to a malfunction at the 110th Fighter Wing military airfield," adding that the plane was likely an "American superweapon, the Northrop Grumman B-2 Spirit."
However, well-seasoned US-based journalists who specialize in aviation and military coverage at The Aviationist disagree with OnLarissa's assessment that the plane is the B-2 Spirit. In fact, they suggest this could be the first-ever glimpse of the highly classified, next-generation stealth surveillance drone, the RQ-180, developed by Northrop Grumman.
"The closest match we can find, corroborated by anonymous sources with some familiarity with the clandestine jet, is with the famous (yet still classified) intelligence, surveillance, and reconnaissance UAV operated by the U.S. Air Force that we have come to know as the RQ-180," The Aviationist reporter Kai Greet wrote in a note.
Greet pointed out, "Larissa is no stranger to a U.S. military presence, and has hosted MQ-9 Reaper detachments on an ongoing basis. It does remain unclear, though, if these images genuinely depict an RQ-180."
Across the Atlantic and over the Mojave Desert, a planespotter captured what he believed was the USAF testing the B-21 Raider stealth bomber earlier this week (view here ).
Tyler Durden
Fri, 03/20/2026 - 21:50 Close
Sat, 21 Mar 2026 01:25:00 +0000 Tax Season Will Bring Record Refunds. Use Them Wisely
Tax Season Will Bring Record Refunds. Use Them Wisely
Tax Season Will Bring Record Refunds. Use Them Wisely
Authored by Marc Cadin via RealClearMarkets ,
Affordability is the defining economic challenge for millions of Americans. A recent poll found that 70% of Americans report that the cost of living is no longer affordable where they live , a concern that was highlighted in the most recent elections. From rising housing costs to the grocery aisle to the electricity bill, families are struggling to stay afloat.
This year, however, many households will finally get relief thanks to a new federal policy.
Signed into law this summer, the Working Families Tax Cut will deliver one of the largest tax refunds on record. According to early estimates, the average tax filer will receive more than $3,700 , a roughly $1000 increase from previous years . Military families are expected to receive an additional $1,776 .
At a time when families’ budgets are stretched thin, this policy is putting real cash into their wallets.
There will be plenty of headlines this spring about the large refunds Americans will receive. But the success of this policy shouldn’t be measured by the dollars distributed this year. The larger question is whether American families will be more financially secure in the decades to come.
For many households, this will be a financial inflection point. These refund checks can make a pivotal difference in creating an emergency fund, preparing for retirement, and saving for college tuition.
When the large refund hits a checking account, however, the easiest decision is often the fastest one. Immediate needs and flashy purchases compete for our attention, while building savings requires an attention to detail that can be difficult in the moment.
Americans want to build a strong economic future, but personal finance continues to challenge us. More than 60% of Americans don’t have a written financial plan, and nearly two-thirds couldn’t pass a financial literacy test.
These financial illiteracy gaps come at a real cost. On average, Americans lose $1,000 per year due to a lack of financial knowledge. Without the right tools and guidance, historic tax refunds may fail to improve long-term financial security.
This policy won’t guarantee financial health alone. The real test is whether these refunds translate into long-term financial well-being.
Some families may take advantage of existing savings incentives. From 529 college plans to the Trump Savings Accounts , there are plenty of already established government programs that allow Americans to stretch today’s dollars into tomorrow’s security.
Others will invest in low-risk, high-yield options. These accounts may lack the flash of crypto, but compound interest gives families the ability to build stability. A high-yield savings account typically returns around 4% annually , and the S&P 500 returns around 10% . These accounts require minimal maintenance and will create the savings necessary for long-term savings. If you continuously put your money away there, decades down the road, you will see your money expand.
Many families will consult experts. In every community, financial professionals can advise on how to create a portfolio that makes sense for a family and their future. Financial planning is like going to the dentist. If you stay on top of your annual check-ups, your financial health will improve.
The Working Families Tax Cut provides millions of Americans with a rare chance to reset their finances. Whether it becomes a fleeting windfall or the foundation of a lasting fiscal health will depend on what families do next.
Marc Cadin is the CEO of Finseca, an organization of more than 6000 financial security professionals dedicated to helping people protect and enhance their financial well-being. Finseca stands for Financial Security for All.
Tyler Durden
Fri, 03/20/2026 - 21:25 Close
Sat, 21 Mar 2026 01:00:00 +0000 IDF Iron Dome Operator Arrested, Charged With Spying For Iran
IDF Iron Dome Operator Arrested, Charged With Spying For Iran
There's quite obviously been Israeli intelligence inroads into Iran, which at times US and Israeli officials themselves have boasted about, with Tehran recently announcin
Read more.....
IDF Iron Dome Operator Arrested, Charged With Spying For Iran
There's quite obviously been Israeli intelligence inroads into Iran, which at times US and Israeli officials themselves have boasted about, with Tehran recently announcing efforts to round up and arrest "traitors" - and there's even in some cases been executions of the accused.
Inside Israel, there are also fears of locals spying for Israel - but the phenomenon remains much less common (as far as anyone knows). That's why the latest headlines are likely a shock to the Israeli establishment. On Friday an Israeli reservist tied to the country’s missile defense network has been charged with serious security offenses after allegedly working with Iranian intelligence .
Police have identified Raz Cohen, a 26-year-old from Jerusalem , who served in the Iron Dome unit , as the alleged culprit. It's been revealed he was arrested March 1, merely one day after the joint US-Israel war on Iran kicked off. "These included passing sensitive security information to the Iranian agent during December 2025, including details about how Iron Dome works, locations of Israeli Air Force bases, and the locations of Iron Dome batteries ," writes Times of Israel .
via Anadolu Agency
As for the period of time in which the alleged spying took place, authorities indicate it took place several months before the outbreak of the current war , and that Cohen knew exactly who he was communicating with, but is believed to have merely received $1000 in cryptocurrency.
Israeli law designates that assisting the enemy during wartime carries a maximum sentence of life imprisonment; but in some exceptional cases the death penalty can be handed down.
Prosecutors say he was in contact for months with Iranian handlers, who tasked him with carrying out "a variety of security missions" - including passing along sensitive defense information he accessed during his service.
According to some observations in The Telegraph :
A police statement announcing the charges warned citizens against having contact with agents from enemy countries, and pointed out the particular risk of agents making contact via social media .
Israel itself is thought to make widespread use of social media to approach and recruit agents in Iran.
According to intelligence sources speaking before the current campaign, many Iranians who end up passing information to Mossad, Israel’s intelligence agency, never realize they are working for Israel .
These fresh reports of the Raz Cohen are huge, given Israel's air defenses have been immensely strained by the sustained Iranian ballistic missile and drone attacks which have been ongoing, and ebbing and flowing, since Iran was attacked by the US and Israel three weeks ago.
There are also reports that portions of the Israeli citizenry are angry and frustrated, many now living their lives in underground bomb shelters, as casualties mount. The Netanyahu government has come under accusations of underestimating the Iranian missile threat, and giving false assurances to the public . Did Iran have an advantage by utilizing spies in Israel who had access to key elements of defensive systems, exposing weaknesses? It appears so, the Cohen case suggests, at least to some degree.
Tyler Durden
Fri, 03/20/2026 - 21:00 Close
Sat, 21 Mar 2026 00:35:00 +0000 The Scapegoat: How One Man's Career Was Ended By MeToo
The Scapegoat: How One Man's Career Was Ended By MeToo
The Scapegoat: How One Man's Career Was Ended By MeToo
Authored by Nancy Rommelmann via RealClearInvestigations ,
Life on Jan. 9, 2020, was interesting for Joshua Helmer. At 31, he was midway through his second year as CEO of the Erie Art Museum in Pennsylvania .
He had recently secured the loan of a Chuck Close painting from the Philadelphia Museum of Art, and an upcoming sale, including a painting by another famous artist, David Hockney, would help Erie generate funds to buy new works.
And then it was Jan. 10.
"I knew I'd never work again ," Helmer said, recalling his reading of a New York Times article that ran that day.
"He Left a Museum After Women Complained; His Next Job Was Bigger ," was co-bylined by veteran Times reporter Robin Pogrebin and Zachary Small, then a freelancer. The article listed allegations from women against Helmer from his time as assistant director for interpretation at the Philadelphia Museum of Art (PMA) , a position he said he resigned from a year-and-a-half earlier.
Nine women told the Times that Helmer made “advances” toward them , and four of these co-workers said they became romantically involved or lived with Helmer both during and after his tenure at PMA. The allegations ranged from the women being made to feel as though Helmer had the power to hold back their promotions, to his yelling at them, insulting their intelligence, or saying things they found unnerving; a woman identified as "a former Philadelphia Eagles cheerleader" told the Times, “I worked in the NFL for five years and no one spoke to me in a way that made me feel that uncomfortable.”
There were no public allegations that Helmer directly pressured any of the women to have sex or engaged in any unwanted sexual behavior. He did allegedly suggest to one woman that she should “get to know him” to help her career, according to the Times.
There was one additional complaint from an Erie Art Museum female intern who provided the Times with a screenshot of a text Helmer sent, asking whether she wanted to have a coffee on the deck of his apartment, to which she replied, "No. Can't sorry."
Six years on, the fervor of MeToo has cooled . While some people brought down by MeToo gained a semblance of their previous standing, others, like Helmer, have not. He self-exiled to northern Pennsylvania, took up woodworking, and hasn't worked again.
At the peak of MeToo, arguing that permanent banishment might be too much was a nonstarter. How could women (and some men) feel safe if those who sexually preyed on them were not shunned in ways that assured they could never prey on anyone else again? There was solidarity in seeing men get their comeuppance, a sense of pride for having the courage to come together with other women and speak up. That campaigns could get overheated, destroying the careers of some men whose actions, while sometimes troubling, might not deserve such harsh punishment, did not at the time seem worth considering. Who cared what happened to guys like Helmer?
“A Weird Day”
The Times did not paint Helmer as a 100% cad. "Women who dated Mr. Helmer said they were attracted to him at first because they found him warm, affectionate and confident," the authors wrote. While all said the relationships had been consensual, each of Helmer's accusers eventually felt undervalued, belittled, or suspected they had been retaliated against.
Although the women said they felt emotionally abused by Helmer, he never faced lawsuits stemming from their allegations. And while the Times insinuated some official wrongdoing – writing that “Mr. Helmer resigned for reasons that have not been disclosed” – Helmer told the newspaper he had left of his own accord. That his departure from PMA did not seem clearly connected to the women’s accusations made it all the more curious that the newspaper saw the story as worth running on Page 1 of the Arts section.
Or would have been curious, had it not been January 2020, when MeToo was at full velocity. Hundreds of well-known, powerful figures had and were about to lose their careers (Matt Lauer, Mario Batali, Kevin Spacey); some went to prison for charges as serious as serial rape (Harvey Weinstein, Bill Cosby, Danny Masterson).
Helmer was not accused of monstrous acts, nor was he well-known or powerful. He earned $70,000 a year at PMA. He was not executive-level and, according to a former department coordinator at PMA, did not have the authority to hire, fire, or promote, a detail that might have tempered the implied power imbalance the Times piece was in part predicated on.
Another detail that could have given the Times reporters pause came from the Erie Art Museum board president, who emailed the paper to say that, aside from the declined coffee invitation, "no other allegations had been brought to the board’s attention." Nevertheless, the consequences for Helmer were immediate.
"The phone's ringing off the hook nonstop . And that night we had an emergency board meeting," Helmer said in an interview with RealClearInvestigations. "The board members came into my office, and they were like, 'There's just no way forward from this.'"
Without the institutional stamina to fight whatever might be coming their way, Erie accepted Helmer's resignation on Jan. 13, after which, Helmer recalled, the board president drove him home. "We sat in the driveway, and I was like, 'Wow, that was a weird day.'"
The weirdness continued. In the two months after Helmer left Erie, the Times ran four more pieces about the saga. Each article was co-bylined by Zachary Small, who had initially looked into Helmer for The Art Newspaper, an influential visual arts outlet where Small was then associate editor for investigations. The Art Newspaper, however, declined to run the Helmer piece because, as the paper's former editor, Alison Cole, recently told RCI, "The Art Newspaper only runs stories we can verify."
Symbol of Male Dominance
The Times, on the other hand, evidently saw Helmer as part of a larger story about the male dominance of the museum world.
"This [story] was somewhat informed by a much larger culture of patriarchy at these institutions, " Robin Pogrebin said on the podcast Museum Confidential, four days after the Times ran the story detailing Helmer's exit from Erie. "I think it's important to think about this as a referendum on the industry to some extent and how important it is to have more balance in terms of gender."
If the aftereffects came quickly for Helmer, they also came for Small, who, up until the Helmer piece, had contributed two pieces to the Times. In 2020, Small (who uses they/them pronouns) had 41 bylines in the paper. In 2023, they became a staff writer.
Which might have been the end of the story but for an incident in November 2025, when the then-CEO at the Philadelphia Museum of Art was fired, thus dragging Helmer's name back onstage.
"I'm like a recurring character in a sitcom or soap opera," Helmer said. "The [audience] is like, 'Oh, we thought he was kicked in the head by a horse. Oh, he's back!' You make these small cameos. And then to see another piece added on five years later... it'll never be done."
The Maw of MeToo
There are many essential reasons to uncover the rot that historically allowed sexual misconduct to be swept away. Two reporters rightly celebrated for their MeToo coverage were Jodi Kantor and Megan Twohey at the Times, whose 2017 expose, “Harvey Weinstein Paid Off Sexual Harassment Accusers for Decades ," won the 2018 Pulitzer Prize for Public Service for detailing the sexual crimes of the powerful head of Miramax Films. This was important work, revealing the power imbalance felt by many women in Weinstein's orbit, a disparity that could lead to fear – of having one's career sabotaged and for one's personal safety – and acquiescing to Weinstein's demands for sex. It was also careful work. According to two high-level employees at the Times, when the Weinstein expose ran, Kantor and Twohey did not include several accusers whose stories they did not feel could be made watertight.
Three years later, such care at the paper appeared to have slackened. Perhaps the maw that was MeToo needed to be fed. Perhaps the incentives for breaking a big new MeToo story in an arena where there had not been one were too tempting.
"We've been wondering, in the museum community, when this would land on this industry ," said Jeff Martin, host of the Museum Confidential episode featuring Pogrebin and Small. Small responded that they had “received an anonymous tip telling me to look into the Philadelphia Museum of Art." The tip would have been around September 2019, more than a year and a half after Helmer left PMA. Nevertheless, on Nov. 13, Small sent Helmer a 700-word email, with the subject line, URGENT PRESS REQUEST, and giving Helmer 48-hours to respond to 23 detailed questions.
Journalists do not, as a rule, send cold interview requests this demanding, not if they are hoping for a reply. That Small sent it concurrently to several of Helmer's former colleagues at PMA, as well as to the boards of PMA and Erie, seemed to Helmer very much like a trap.
"I was really quite shocked ," he said.
Fallout Becomes Opportunity
Whether Small intended to throw into turmoil the staff of both museums, that is what happened. On Nov. 14, Marla Shoemaker, then PMA senior curator of education, called a department staff meeting the next day. According to someone at the meeting who took contemporaneous notes, nearly two dozen museum staff showed up. Nancy Brennan, head of Human Resources, opened the meeting by saying, "We are going to address the elephant in the room."
What elephant? the attendee recalled thinking.
Brennan said the museum could not disclose why Helmer left PMA, but to put to rest speculation, there had never been any claim of sexual harassment during his time there. Brennan and Shoemaker went on to discuss ways to make the staff feel supported, such as a commitment to a strict "no-retaliation policy" for staff who came forward with complaints.
This was apparently insufficient for Adam Rizzo, a museum educator who called Helmer "a sociopath" and demanded he be banned from the museum due to staff still being affected by "the situation," according to meeting notes. To at least one attendee, Rizzo's comments about Helmer seemed preloaded. Alicia Parks – the former NFL cheerleader – seconded not wanting Helmer on museum property, a request Shoemaker said she would work on with security.
Other former colleagues were at a loss. They had never felt threatened by Helmer. And what was "the situation" Rizzo referred to?
Since at least May 2019, Rizzo had been trying to rally support to form a union, according to an article in Philadelphia Magazine. Helmer now seemed to play a role in Rizzo's union strategy. "Welcome" materials sent to prospective members and obtained by RCI called out "Patriarchy, misogyny, racism, ageism and other-isms in institutional culture," and named Helmer as an example of a "Culture of silencing and enabling."
A short-lived Twitter account with the handle @artandmuseumtransparency repeatedly posted tweets such as, "We're getting word that @TheArtNewspaper may be sitting on a major museum MeToo story?? Sitting for more than a month and now planning to publish an altered version, without getting consent from those who came forward or the article's author??" Rizzo told one meeting attendee he had "emailed the reporter" and was hoping to hear back soon, and later made Instagram posts about PMA needing a union and disparaging Helmer specifically.
It remains unconfirmed whether Rizzo was the anonymous source who got Small interested in Helmer. Reached for comment about the Helmer affair, Rizzo told RCI, "Not interested."
Meanwhile, at the Erie Art Museum, Helmer did not reply to Small's lengthy email. He said he forwarded it to Lucia Conti, director of marketing at Erie, who agreed it was best to ignore it. While Helmer could not say if Small wanted to take him down, he considered whether the several women at PMA he'd been romantically involved with, at times concurrently, might have wanted to.
According to Helmer, his most serious relationship had been with Rachel Nicholson, who had lived with him in Philadelphia during part of their time at PMA and moved with him to Erie. Helmer said the relationship did not work out in part because Nicholson learned he had been unfaithful. The former couple had not been in contact for more than a year when he received a text from Nicholson in December 2019, saying she was looking forward to an article about him in the New York Times.
Within a week, Helmer was contacted by Pogrebin, asking to interview him . With Conti in his office, Helmer spoke with the reporter, who, according to notes Conti took at the time, seemed “audibly disappointed” not to be speaking to Helmer alone. Pogrebin asked Helmer about dating PMA staff and stated that doing so was “problematic.” Helmer countered that he had "followed PMA policy." Pogrebin said several staff members said he "displayed harassing behavior." Helmer said that he was unaware of such claims and wondered why, after nearly two years away from PMA, the Times was interested in him now. According to Conti's notes, the Times reporter said it was because "so many women were damaged by your behavior and it involves a large institution." Pogrebin did not reply to an email from RCI asking for comment.
The conversation lasted less than 15 minutes. When Pogrebin said she would be back in contact with Helmer, Conti assured her that in any future discussions, "the answers to the questions you have asked us today will be the same."
Celebrating Helmer’s Downfall
There were no future calls. On Jan. 10, the Times ran its first story on Helmer. That same day, a woman Helmer had never met started a petition on Change.org titled, "Stop The Abuse And Predation: Fire Joshua Helmer, Erie Art Museum." That evening, Nicholson posted an Instagram photo of herself having celebratory drinks with two of the other women in the Times piece who had also dated Helmer, with a caption that read in part, "Overwhelmed by the support and grace that I have received today and throughout this process." The responses to the photo were full of admiration and heart emojis.
They were not feeling the love at PMA. On Jan. 14, the education department called another meeting. According to notes taken by an attendee, CEO Timothy Rub said he had received two complaints about Helmer’s behavior while he worked at PMA, the details of which he said he could not disclose. “Did we act?” he asked rhetorically. “Yes, on both accounts.” Although neither complaint resulted in discipline, Shoemaker, the curator of education, said the alleged behavior had happened on her watch and apologized for any harm Helmer had done. Rizzo stated he had previously seen "women and interns crying at their desks" and, since the Times article appeared, was "hearing more now online."
Back in Erie, Helmer braced for further condemnation. In addition to several publications picking up the Times reporting and writing their own versions of the story, Pogrebin and Small published a fifth piece on March 10 rehashing the allegations against Helmer, after which the story either ran out of steam or was replaced by wall-to-wall coverage of the pandemic.
Several former colleagues urged Helmer to counter the accusations, perhaps even file a lawsuit. He declined. He did not reach out to any of his accusers, and never heard from any of them again. "In terms of fighting back. I always felt like, if I hurt you enough that this is what you felt was right, then the pound of flesh is yours ," he would later tell RCI.
Had the pound of flesh been what Helmer's accusers wanted? Had they been swept up in the enthusiasm of MeToo? Six years on, RCI made contact with all but one of the women named in the article. Parks was asked if she might reveal what Helmer said that had made her "that uncomfortable." Nicholson was asked about the support she had received. The woman who'd created the Change.org petition – which gathered 3,000 signatures in three days and, the day Helmer resigned from Erie, ran an update titled, "We did it! Helmer has been fired" – was asked why she had felt it important to start the petition. None of the women responded.
Maybe they want to put whatever happened with Helmer behind them. Several had moved on to different museums. At least one had gotten married and become a mother. Perhaps they did not want to revisit a painful chapter in their lives that, by speaking with the Times, had been at least partially relieved.
RCI also emailed Small, asking why they had gone so hard in their initial email to Helmer. They did not respond. A Times spokeswoman did, saying, "We publish what is newsworthy and what we are able to confirm."
Art World Reckoning
Looking back to 2020, Jeff Martin, the Museum Confidential podcast host and director of communications for the Philbrook Museum in Tulsa, Oklahoma, saw a giant hunger for change, a reckoning on both sex and race, in a museum industry run mostly by white men.
"You could see that many institutions were pushing for more representation," he told RCI. "If you're looking to kind of leverage a moment, sometimes you get caught up in it. .. If you see something that can lift you six inches higher to the top of the fence you're trying to climb, you're probably going to step on that thing."
As for Helmer specifically, Martin had not heard of him before the Times pieces . He did know more about PMA's recent controversy, having been at a conference of museum professionals in Philadelphia on Nov. 4, 2025, when the firing of PMA CEO Sasha Suda was announced.
"Everybody's phone starts going off like some weird scene from a movie," Martin said, a firing at first attributed to disappointment with Suda's recent changing of the museum's nickname from PhAM to PhArt – a rebranding people understandably had a field day with – and later to accusations that Suda had given herself unauthorized raises. As the story moved into the courts and was dutifully reported, including in the Times, the character that is Joshua Helmer was called back into action.
"What they're talking about is not me. But then in the public, it is me," said Helmer. "They've made up Josh Helmer, actually, because there's no dimensionality to it at all."
A ‘Zipper Problem’
It was mid-December 2025. Helmer had just turned 37. Tall and lanky, with cropped dark hair, he had the politician’s habit of repeating your name in conversation. In the living room of the home he shares with his partner, a teacher, and her four school-age children, he explained he did not currently have a job, nor had he looked for one in the museum world.
"Honestly, I was done. I knew I was done. 'Radioactive' is the term," he said. He had read the Jon Ronson book, "So You've Been Publicly Shamed," and sensed, from Ronson's reporting and from what Helmer could see from the many MeToo cases in the news, that neither defending himself nor apologizing would have anything but a negative effect.
"I am struggling sometimes to find what it is I am being accused of," he said. "I definitely dated a couple of them simultaneously. Not cool. Got that. If I hurt your feelings, you got me. But it turned into this thing of sexual predator, and even when I read that [Times] article, I can't find it ."
Helmer said he was fortunate to have invested well and thus did not need a job. "I'm a house husband now," he said, mentioning that he did most of the cooking for the family and grew much of their produce in a massive garden. "I also taught myself how to make wood furniture by hand."
He'd also had a lot of time to reflect. Having signed a non-disclosure agreement when he left PMA, he could not reveal the reasons for his departure, other than he'd perhaps been overambitious. One of his accusers told the Times he had told her he would one day be the head of the museum, and maybe he had said that. He had started climbing the ladder at PMA at 24 and moved fast.
He also moved fast with women, of whom there was never a shortage. The staff at American museums skews on average 60/40 female, with new interns and grant recipients coming in by the season. During Helmer's time at PMA, nearly all these new employees were in their 20s and excited to be working at one of the best museums in the country. Mentioning several times that every one of the PMA colleagues he fooled around with was "very interesting, very smart, very cool," he also seemed tickled at the suggestion that he had a zipper problem.
"I did, I had a zipper problem," he said. "I had a lot of girlfriends. Lots of girlfriends."
Still, he did not think his sleeping around was the main driver of the campaign that took him down. “I thought it was about the union,” he said. “They were having trouble drumming up the support they needed. They needed reasons to say, ‘Our workplace isn't safe.’” The lack of a statement as to why he'd left the museum was perhaps too good a moment to pass up, for a union organizer to rally support, for an eager reporter to further make their bones. Many things can swim into opportunity.
While several of Helmer's former girlfriends told the Times positive things about him – and in person he seemed effortlessly at ease, someone who could make you feel fully seen when he put you in his high-beams – the lasting picture was of a man who only saw you when it suited him, someone who spoke to a former NFL cheerleader in a way that made her feel very uncomfortable, a woman Helmer says he has no recollection of meeting.
“When this article came out, I called the PMA and was like, ‘Who is Alicia Parks?’” he said. “I'd love to know what I said to her.”
Helmer said he was ready to take “full accountability” for what happened. “I shouldn't have done what I did... mixing business and personal, dating multiple people at the same time,” he said. Still, he would prefer that anytime his name is Googled, the first hits are not always about his alleged mistreatment of women. “I have been vanquished. I am enjoying my exile in the northwestern corner of Pennsylvania,” he said. “Leave me alone.”
Nevertheless, Helmer said there is one piece of unfinished business. “I just want a retraction that [the Times article] was in a clearly false light in a hundred ways,” he said. “I’ll never go back to my job. I'll never go back to that life. I just want a retraction, and I'll hang it in the kitchen.”
The spotless kitchen, which, six years after his last paying gig, he repaired and unwrapped a slab of homemade spinach pasta dough.
“It's like I'm a Frankenstein, but not a Frankenstein ,” he said, rolling the dough with a controlled intensity. “I mean, there are so many times that I had to sit at home and be like, am I a monster?”
Tyler Durden
Fri, 03/20/2026 - 20:35 Close
Sat, 21 Mar 2026 00:10:00 +0000 US Asian Ally Rejects Pentagon Request To Land Fighter Jets: More To Come?
US Asian Ally Rejects Pentagon Request To Land Fighter Jets: More To Come?
Sri Lanka is a US regional ally , and America remains the small south Asian nation's largest export market , Read more.....
US Asian Ally Rejects Pentagon Request To Land Fighter Jets: More To Come?
Sri Lanka is a US regional ally , and America remains the small south Asian nation's largest export market , accounting for nearly $3 billion of the $11.7 billion of goods Sri Lanka exports annually.
But tensions are soaring over the Iran war, and especially in the wake of a US submarine having torpedoed the Iranian warship IRIS Dena just off Sri Lanka's southern coast earlier this month - killing dozens of sailors and forcing Sri Lankan authorities into a rescue operation that recovered bodies and pulled survivors from the water.
And now, the country's president Anura Kumara Dissanayake has revealed he previously formally rejected a request from Washington to allow two US fighter jets to land at Mattala International Airport .
USAF
According to Al Jazeera , "Speaking in parliament, Dissanayake said Colombo received separate requests on February 26 – one from Iran seeking permission for three naval vessels to make a goodwill visit, and another from the US requesting landing clearance for two fighter aircraft stationed near Djibouti to land at Mattala international airport."
This was mere days prior to the start of Operation Epic Fury, in the immediate run-up to the US and Israeli bombardment of Iran. "With two requests before us, the decision was clear," he said, emphasizing the move as part of national neutrality on the Iran issue.
But the president also revealed the government had rejected Iranian request for naval access just days before the war erupted.
"With two requests before us, the decision was clear," he told parliament, while explaining Sri Lanka's intent to stay out of the foreign war.
The US State Department has tallied that "U.S. assistance to Sri Lanka has totaled more than $2 billion since Sri Lanka’s independence in 1948." With all of this past aid, it's possible the Trump administration will be reassessing.
According to further background from the NY Times :
Under normal circumstances, the American request would not have been unusual. Sri Lanka and the United States have had military ties for decades, and the island nation is strategically important for U.S. goals in the Indo-Pacific region.
Sri Lanka and the United States have cooperated on supply and logistics involving military equipment in the past, said Prasad Kariyawasam, a former secretary of the foreign ministry. U.S. aircraft have used Sri Lankan airports to drop off and pick up war-related equipment several times in the past, “but that’s not if a war is going on,” Mr. Kariyawasam said.
The war stands to get more unpopular internationally, especially as global energy markets get disrupted, raising the possibility that more and more US allies could start closing their aviation hubs and air bases for American military plane landings or usage, or the same with port facilities. In Europe, Spain has already done this .
Tyler Durden
Fri, 03/20/2026 - 20:10 Close
Fri, 20 Mar 2026 23:45:00 +0000 The Super Bowl Top Signal
The Super Bowl Top Signal
The Super Bowl Top Signal
Authored by Chris Macintosh via InternationalMan.com,
You’ve likely heard about peaks in markets often coinciding with magazine covers saying the opposite.
Well, this is simply a representation of zeitgeist.
Another representation of zeitgeist is advertising at the Super Bowl. For long-time readers, you may recall our selling Bitcoin way back before it nosedived. We highlighted that at the time there were crypto ads running wild at the Super Bowl. We even had Matt Damon shilling crypto. Remember that? Fun times.
Well, you know what dominated this year’s Super Bowl? AI. It was in fact the single largest concentration of AI advertising in television history. Ain’t that something.
16 tech companies bought Super Bowl ads : OpenAI, Google, Amazon, Meta, Anthropic, Genspark, Base44, Rippling, Ramp — and more.
Tech ad spending is double what it was during the 2022 “Crypto Bowl.”
And here we are again. Just with AI.
2000: The Dot-Com Bowl. 14 internet startups bought Super Bowl ads at $2.2 million per spot. Pets.com spent $1.2 million on that ridiculous but now-famous sock puppet commercial. Ten months later it joined Elvis. The stock went from $11 to zero. Eight of the 11 startups that advertised were bankrupt or sold for cents on the dollar within a year.
2022: The Crypto Bowl. FTX, Coinbase, Crypto.com, and eToro collectively spent $54 million on Super Bowl ads. Nine months later, FTX was bankrupt and Coinbase shares fell 70% within a year. By the time the next Super Bowl rolled around, crypto had zero representation.
So maybe this time is different. Maybe all these AI-related stocks — many of which are unprofitable, just like crypto and dotcoms — defy gravity and continue powering ahead. It is possible. But I would say improbable… despite the market thinking it not only possible but assured. And that is exactly why we have our hedge against a Nasdaq fall safely secured.
When Revolutionary Tech Needs a Marketing Budget
Alphabet is looking to issue a 100-year bond.
The last time this happened was Motorola in 1997 — the last year Motorola was considered a big deal.
At the start of 1997, Motorola was a top-25 market cap and top-25 revenue corporation in America. Never again! The Motorola corporate brand in 1997 was ranked #1 in the US, ahead of Microsoft. In 1998, Nokia overtook Motorola in mobile phones, and after the iPhone it fell out of the consumer eye entirely. Today Motorola is the 232nd-largest market cap with only $11 billion in sales.
Remember when Austria issued a 100-year sovereign bond? That pretty much bottom-ticked the bond market. But wait… there’s more.
Big Tech is dropping $700 billion on AI this year. Their cash flow? Circling the drain.
Amazon’s going into debt. Google’s free cash flow is cratering 90%. And they’re paying influencers $600K each to convince you AI is worth using. Nothing screams “revolutionary technology” quite like needing half a million per creator to sell it.
Then there’s the earnings carnage…
All four giants reported earnings at once, and Wall Street had a meltdown:
Amazon : $200 billion capex (largest in history). Stock: -9%. Free cash flow: -71%.
Google : $185 billion spend (vs. $120 billion expected). Stock: -5%. Free cash flow: headed to $8 billion from $73 billion.
Meta : $135 billion (double last year).
Microsoft : -17% this year, worst in the group.
Combined 2026 spend is projected to hit $700 billion. Morgan Stanley projects Amazon will burn $17 billion in negative free cash flow. BofA says maybe $28 billion. Amazon quietly filed with the SEC about needing to raise debt to keep building. Google already did a $25 billion bond sale. Their long-term debt quadrupled last year. They’re spending everything they have, borrowing more, then spending that too.
Google, Microsoft, OpenAI, Anthropic, and Meta are paying influencers $400K–$600K each to promote AI on Instagram and YouTube. AI platforms spent $1 billion on digital ads in 2025 — up 126%. Google and Microsoft’s AI ad spending: +495% in January alone. Anthropic’s running Super Bowl ads. OpenAI’s flying creators to private events.
When was the last time truly revolutionary tech needed a billion-dollar ad campaign?
Did the iPhone need influencer deals? Did Google Search need Super Bowl ads in 1998? Did email need this? No. People just used them.
You know what does need massive paid promotions? Pharma drugs. Crypto exchanges. Online gambling. MLM schemes. Products where adoption is hype, not utility. And now, apparently, AI.
“This will eliminate your job. Also please use it. Here’s $600K to tell your followers it’s cool.”
They need humans to sell a product designed to replace humans. They need creators to promote tech that makes creators obsolete. They need influencers to build trust in a system that eliminates influencer marketing.
Here’s a question: if $700 billion per year can’t produce a product that sells itself, when exactly does this make money?
$700 billion in spending, cash flow collapsing, stocks tanking, SEC filings about raising capital — and the best growth strategy is paying TikTokers to demo features.
Either AI is about to deliver the greatest economic transformation in human history (and they need influencers to convince you this)… or we’re watching the most expensive corporate Hail Mary ever thrown.
Look, I’ve no doubt that AI has its uses. We use it for research purposes amongst other things, and I think most people are now using it. That isn’t the point. There exists a mismatch between what we’re being told and what is actually happening. There is also a massive mismatch when it comes to the valuations ascribed to the related companies and their actual profitability.
* * *
The point is simple: when hype outruns reality, investors need to step back and look at the bigger forces driving markets. We put together a free PDF report that does exactly that, breaking down the economic, political, and cultural shifts unfolding now, the risks they create for your money and freedom, and how thoughtful investors can stay one step ahead. You can get your free copy here.
Tyler Durden
Fri, 03/20/2026 - 19:45 Close
Fri, 20 Mar 2026 23:20:00 +0000 Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast"
Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast"
Last night’s debate on “Deficits, War, and Markets” brought together Bob Murphy of the Mises Institute and Bard College professor
Read more.....
Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast"
Last night’s debate on “Deficits, War, and Markets” brought together Bob Murphy of the Mises Institute and Bard College professor Randall Wray for a clash between Austrian and MMT worldviews, moderated by the “Macro Tourist” Kevin Muir.
Exploding U.S. deficits, the Fed’s policy path, the geopolitical shock of the Iran war, what it means for stocks, a potential bond market snap to calls for another financial crisis… we covered a lot of ground and here were some highlights for those short on time:
Where are the bond vigilantes?
A bond trader himself, Muir asked Murphy what it would take to see a crisis-level spike in U.S. Treasury yields. Murphy’s core point is that the conditions for a bond market revolt have already been in place for years—and yet the revolt hasn’t come.
“If you had 15 years ago told me this is what the fiscal position is going to be [$39 trillion in debt]… I would say… there’d be this massive [yield] premium,” he said. “I am surprised at how much leeway investors are giving the US federal government.” But the fact that we’ve made it this far without emerging market-esque bond yields should not comfort USD holders.
Global demand for Treasuries may be eroding at the margin, and the dollar-based world order may unravel quicker than it was established. “There’s lots of countries… saying we need to reduce our exposure to the US dollar… they’re just trying to figure out how.,” Murphy said, particularly in reference to Russia where previous American administrations went trigger happy with sanctions and freezing of foreign dollar reserves. Actions that greatly enhance the risk premium of holding dollar-denominated assets if you’re a foreign government or even a foreign national whose country may one day be on the naughty list.
“If the dollar starts sinking, it’s gonna be fast”
Even the Keynesian thinks a crash is coming…
Self-identifying as a Keynesian economist, Wray nonetheless thinks we can’t maneuver our way out of the coming crash.
Wray’s warning: the system never actually fixed the conditions that led to the last crisis — it consolidated and amplified them. “We wouldn’t have these huge institutions that are… engaged in crazy finance and setting us up for another tremendous financial crash,” he said, if instead after 2008, we’d employed something more akin to Teddy Roosevelt and disintegrated rather than bailed out the big banks.
“The banks all over the country weren't doing any of the stuff,” Wray argued. “The biggest banks were doing that and got us into trouble.”
“We’re going to have [another crash]… it could be five years… but it’s coming. There’s no doubt at all.”
Watch the full discussion below or listen on Spotify :
Tyler Durden
Fri, 03/20/2026 - 19:20 Close