Individual Economists

Loomered: Trump Withdraws Nominee For Top IRS Lawyer

Zero Hedge -

Loomered: Trump Withdraws Nominee For Top IRS Lawyer

President Donald Trump on Friday withdrew the nomination of veteran tax attorney Donald L. Korb to serve as the top lawyer for the Internal Revenue Service (IRS), right as the Senate was preparing to vote on his nomination for assistant general counsel - which provides legal advice and support to departmental officials, including how the government interprets tax codes and defends their positions in US Tax Court.

The Internal Revenue Service (IRS) in Washington on March 10, 2025. Madalina Vasiliu/The Epoch Times

While Trump gave no explanation for the move - writing only on Truth social "Please be advised that I am withdrawing the nomination of Donald Korb to be Assistant General Counsel in the Department of the Treasury," it comes after activist and Trump ally Laura Loomer alleged "major red flags" that disqualify him.

As the Epoch Times notes, days before Trump pulled Korb’s nomination, the veteran tax attorney came under fire by right-wing activist and Trump ally Laura Loomer, who alleged he had “several major red flags that disqualify him from assuming his role under the Trump administration.” In a post on social media, Loomer said Korb had too much past association with Democrats.

After the president withdrew Korb’s nomination, Loomer took credit in a post on X.

Korb did not respond to a request for comment by publication time.

The president has pulled multiple nominees in recent months as he continues to fill critical positions in his second administration.

On Sept. 19, Trump withdrew the nomination of Erik Siebert to serve as U.S. attorney for the Eastern District of Virginia. Siebert had been leading the probe into New York Attorney General Letitia James’s mortgage fraud case, but his office did not find “incriminating evidence” to bring charges, according to a joint statement by Sens. Mark Warner (D-Va.) and Tim Kaine (D-Va.).

The following day, Trump said he had appointed his former attorney, Lindsey Halligan, to serve in the role as U.S. attorney for the Eastern District of Virginia.

The White House announced on Sept. 30 that it had withdrawn economist EJ Antoni’s nomination to lead the Bureau of Labor Statistics.

“Dr. EJ Antoni is a brilliant economist and an American patriot that will continue to do good work on behalf of our great country,” a White House official said. “President Trump is committed to fixing the longstanding failures at the BLS that have undermined the public’s trust in critical economic data.”

Aldgra Fredly and Andrew Moran contributed to this report.

Tyler Durden Sun, 11/16/2025 - 19:15

Sunday Night Futures

Calculated Risk -

Weekend:
Schedule for Week of November 16, 2025

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 5.7, down from 10.7.

• At 10:00 AM, Construction Spending for September.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value).

Oil prices were up over the last week with WTI futures at $60.09 per barrel and Brent at $64.39 per barrel. A year ago, WTI was at $67, and Brent was at $73 - so WTI oil prices are down about 11% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.06 per gallon. A year ago, prices were at $3.03 per gallon, so gasoline prices are up $0.03 year-over-year.

Japan Summons Chinese Ambassador Over Online Threats Against Prime Minister

Zero Hedge -

Japan Summons Chinese Ambassador Over Online Threats Against Prime Minister

Authored by Dorothy Li via The Epoch Times (emphasis ours),

Japan has demanded action from Beijing over violent threats made by a Chinese envoy against Japanese Prime Minister Sanae Takaichi as the Chinese regime ramps up pressure and threats against Tokyo.

Japan's Prime Minister Sanae Takaichi (C) answers a question during a session of the House of Councillors Budget Committee at the National Diet in Tokyo on Nov. 12, 2025. Kazuhiro NOGI/AFP via Getty Images

Japan’s foreign ministry said on Nov. 14 that it summoned China’s ambassador to lodge strong protests regarding the “highly inappropriate” statements by Consul General Xue Jian of the Chinese Consulate General in Osaka, the largest metropolis in western Japan.

On Nov. 8, Xue shared a local media report about Takaichi’s claim that a Taiwan conflict involving the use of force would likely constitute “a survival-threatening situation” for Japan, a classification that could compel Tokyo to mobilize its military to intervene.

The dirty neck that sticks itself in must be cut off,” Xue wrote in Japanese in a now-deleted post on X, according to a screenshot shared by U.S. Ambassador to Japan George Glass.

In a subsequent post, the Chinese diplomat said viewing an attack on Taiwan as a threat to Tokyo is “a path of death” that some “stupid politicians in Japan would choose.”

Xue’s comments have triggered a formal protest from Tokyo. Lawmakers from the ruling and opposition parties have urged the government to expel the Chinese diplomat. On Nov. 14, the Osaka city council adopted a resolution demanding a formal apology from the Chinese authorities.

In Beijing, the communist regime has dialed up pressure on Takaichi, demanding a retraction of her Taiwan statement, which they claimed soured bilateral relations.

On Nov. 13, the regime’s vice foreign minister, Sun Weidong, called in the Japanese ambassador in China, voicing Beijing’s “strong dissatisfaction and opposition” to Takaichi’s remarks on Taiwan, the regime’s ministry said on Nov. 14.

The Chinese regime has cautioned Chinese citizens against traveling to Japan. In a notice issued late on Nov. 14, the regime’s foreign ministry and its embassy in Japan claimed that the Japanese leader’s recent remarks on Taiwan “severely damaged” the atmosphere for people-to-people exchanges and posed “significant risks” to the safety and security of its nationals.

Hours later, the three largest airlines in mainland China—Air China, China Southern, and China Eastern—said in separate notices that they will offer full refunds for flights to Japan from Nov. 15 to Dec. 31.

A member of security stands guard at the Japanese embassy in Beijing on Nov. 14, 2025. -/AFP via Getty Images

Takaichi defended her position on Nov. 10, saying that her initial remarks were based on the assumption of a “worst case” scenario.

It is in line with conventional government views,” she told a parliament committee, adding that she would not retract her statements but would avoid making similar remarks in future sessions.

Japan’s Ministry of Foreign Affairs also rejected Beijing’s interpretation of Takaichi’s words, telling reporters several times this week that its official stance on Taiwan remains unchanged.

Despite the Japanese government’s clarification, China’s state media has unleashed a barrage of editorials and articles this week lambasting the Japanese prime minister for “crossing the line” with Beijing.

The latest commentary by People’s Daily, the Chinese Communist Party’s (CCP) flagship newspaper, published on Nov. 14, accused Takaichi of threatening China with military intentions over the Taiwan issue.

Taiwan

At a press conference on Nov. 14, China’s defense ministry accused Japan of meddling in its internal affairs, saying that if Tokyo tries to use forces to intervene in Taiwan, it would face a “crushing defeat” and “pay a heavy price.”

The CCP has never ruled Taiwan before but  views the self-ruled democracy as part of its territory to be taken by force if necessary. Taiwan rejects such claims, with its president saying that the future of Taiwan can only be decided by its 230 million people.

To pressure Taiwan to accept communist rule, the regime has been flying warplanes near the island on a nearly daily basis and carrying out large-scale military exercises in the Taiwan Strait, heightening international concerns about a potential Chinese invasion.

Japan, with its westernmost island of Yonaguni just 110 km (68 miles) from Taiwan, is anxious that any conflict in the Taiwan Strait could spill over into its own territory. Japan also hosts more than 50,000 American troops along with advanced U.S. military aircraft.

A Japan Coast Guard vessel patrolling the waters off Yonaguni Island, Japan, on Aug. 18, 2022. Philip Fong/ AFP via Getty Images

“The peace and stability of [the] Taiwan Strait is important not only for the security of Japan but for the stability of the global community,” Japanese Foreign Minister Toshimitsu Motegi told a regular press conference via interpreter on Nov. 14.

“We truly hope that the issues regarding Taiwan will be peacefully resolved through dialogue,” he said. “And this has been the consistent and unchanging position of the government of Japan.”

On Nov. 15, the Chinese regime’s Maritime Safety Administration said a three-day live-fire drill would be held in parts of the central Yellow Sea, starting from Nov. 17.

Pointing to Beijing’s military exercises and travel bans against Japan, Taiwan’s president’s office on Nov. 15 expressed concerns about regional stability.

“The Chinese authorities’ politically motivated, multifaceted threats against Japan pose a grave danger to security and stability in the Indo-Pacific,” said Karen Kuo, spokesperson for the Presidential Office, according to Taiwan’s official Central News Agency.

Taiwan called on the CCP to cease such “inappropriate unilateral actions immediately” and refrain from becoming a “troublemaker in the international community,” Kuo said.

Tyler Durden Sun, 11/16/2025 - 18:40

Corporate Bankruptcies On Pace For 15-Year High As More "Isolated Incidents" To Occur 

Zero Hedge -

Corporate Bankruptcies On Pace For 15-Year High As More "Isolated Incidents" To Occur 

First came the spectacular implosions of subprime auto lender Tricolor and auto-parts supplier First Brands. Then came the regional-bank fiasco, prompting JPMorgan CEO Jamie Dimon to warn that more late-cycle accidents may be ahead. Add in signs that lower-income consumers are tapped out, frothy valuations across the AI equity sphere, and even Bitcoin sliding below $100,000, and it's no surprise that many are beginning to wonder whether mounting financial stress signals the early stages of a broader downturn.

Another flashing red warning sign is new data from S&P Global this past week, showing that through October, 655 companies have filed for bankruptcy, nearly matching the 687 total for all of 2024.

S&P Global data showed that in October alone, there were 68 new corporate bankruptcies filings. In August, there were 76 filings, the highest monthly tally since at least 2020.

Industrials lead the charge with 98 filings, reflecting the group's vulnerability to snarled supply chains related to tariffs. Then, consumer discretionary firms followed with 80 bankruptcies so far this year. 

At current pace, corporate bankruptcies could reach a 15-year high by year's end. 

The Tricolor and First Brands implosions earlier this fall were certaintly a wake-up call. Regional bank woes and now lower- and middle-income consumers are exhausted, all combined, suggesting softening of the economy in the late year. The record 43-day government shutdown certainly compounded problems. 

"I view those few incidents as idiosyncratic but expect more of these 'isolated incidents' to occur, potentially in other sectors like software, which has increased leverage in that market while capital flows to AI capex," Clayton Triick, head of portfolio management of public strategies at Angel Oak Capital Advisors, told S&P Global Market Intelligence. 

Here are the notable bankruptcies this year. 

In mid-October, JPM CEO Jamie Dimon sparked some controversy in banking and finance circles with this comment: "My antenna goes up when things like that happen. I probably shouldn't say this, but when you see one cockroach, there are probably more."

UBS analysts, led by Jonathan Pingle, told clients days ago, "Our base case is that an equity market drawdown is avoided. Households suffer for the next two quarters."

However, Pingle noted that a $55 billion boost to disposable income in 2Q 2026 from retroactive tax relief in the One Big Beautiful Bill Act (OBBBA) will lift consumer sentiment in the early spring. Plus, all the infrastructure buildouts, reshoring, data center construction, and the list goes on and on, will likely begin to filter into the real economy early next year - all in time for midterms. 

So from now until economic tailwinds emerge, the Trump administration has launched Operation Affordability, focusing on lowering prices to lift low-income consumers and improve sentiment ahead of the midterms.

Tyler Durden Sun, 11/16/2025 - 18:05

After Tucker Carlson Exposé, FBI Director Patel Says Trump Rally Shooter Thomas Crooks Acted Alone

Zero Hedge -

After Tucker Carlson Exposé, FBI Director Patel Says Trump Rally Shooter Thomas Crooks Acted Alone

The same day that Tucker Carlson told America more than the FBI has about Donald Trump's attempted assassin, Thomas Crooks, FBI Director Kash Patel announced that Crooks 'acted alone' in planning and conducting the attack. 

FBI director Kash Patel (L) and White House press secretary Karoline Leavitt (R) speak during a press briefing at the White House in Washington on Nov. 12, 2025. Madalina Kilroy/The Epoch Times

Patel posted to X on Friday: 

"Over 480 FBI employees were involved in the Thomas Crooks investigation. Employees conducted over 1,000 interviews, addressed over 2,000 public tips, analyzed data extracted from 13 seized digital devices, reviewed nearly 500,000 digital files, collected, processed, and synchronized hundreds of hours of video footage, analyzed financial activity from 10 different accounts, and examined data associated with 25 social media or online forum accounts.

The FBI’s investigation into Thomas Crooks identified and examined over 20 online accounts, data extracted from over a dozen electronic devices, examination of numerous financial accounts, and over 1,000 interviews and 2000 public tips."

While Patel was seemingly responding to Tucker's claim that the government originally said Crooks had virtually no online footprint, that's not the point. If all of what Patel says is true, why don't we know any of it? Why did it take an anonymous tip to Tucker Carlson to provide the public with Crooks' public shift from Trump supporter to Trump hater to failed assassin? The public has an interest in this and a right to know.

In late September, Carlson's team received an anonymous tip from someone who said they had gained access to some of Crooks' online accounts, which he found using 'tools commonly used by private investigators' after obtaining Crooks' phone number and gmail address from public documents. He then traced that to two encrypted foreign email accounts (bcook[at]mailfence.com and americangamer[at]gmx.com). He also had a snapchat account, a Venmo, Zelle and PayPal account among several others. 

"It turns out that Crooks was hardly an online ghost," Carlson reports. "And yet, federal investigators lied and told us there was no trace of him online."

The source was able to obtain all materials from Crooks' deactivated YouTube account - which includes his search history, watch history, and 737 public comments. 

When Carlson's team asked the FBI why they hadn't shared this information with the public, the agency replied by asking if they could verify the authenticity of the shooter's account. 

As the Epoch Times notes further, in the July 13, 2024, attack in Butler, Pennsylvania, Crooks fired eight shots from a rooftop, grazing Trump’s ear, killing one attendee, and wounding two others before being fatally shot by Secret Service agents. Patel’s statement aligns with earlier FBI briefings, but also provides new details on the investigation’s depth.

Little is known about Crooks, who lived in Bethel Park and was a registered Republican who donated $15 to a progressive group in 2021. Neighbors said they were shocked to learn that he was behind the assassination attempt, describing him as quiet and unassuming.

FBI officials previously revealed that Crooks searched more than 60 topics related to Trump and President Joe Biden in the month before the attack, especially as they related to rally details and explosive devices. His digital activity included encrypted overseas accounts, prompting suspicions of foreign involvement, but Patel’s social media post dismissed these concerns.

The deceased victim, Corey Comperatore, died shielding his family from gunfire, while Marine veteran David Dutch, 54, survived after being shot in the chest and liver. Another man, James Copenhaver, sustained life-altering injuries. David Dutch, 54, was also injured.

Patel’s post is the first major update on the case since he assumed leadership of the FBI, and some lawmakers and critics are demanding more information, including access to Crooks’s online posts.

In the weeks after the assassination attempt, congressional hearings criticized Secret Service protocols, resulting in the resignation of its director. A bipartisan task force is currently investigating systemic failures.

A watchdog group is suing the Secret Service and Department of Homeland Security for records regarding security lapses that allowed Crooks to climb onto the rooftop with a rifle after being seen by rallygoers and police.

Tyler Durden Sun, 11/16/2025 - 17:35

US Debt Rose By $620 Billion During The Government Shutdown

Zero Hedge -

US Debt Rose By $620 Billion During The Government Shutdown

By Eric Peters, CIO of One River Asset Management

“This package demonstrates that we can govern without surrendering to big spending or letting Democrats dictate priorities,” wrote the House Freedom Caucus in some talking points released to the media.

“We successfully stiff-armed a massive omnibus spending bill; locked in disciplined, flat spending levels; preserved President Trump’s policy priorities… and kept our leverage for the next round in January.”

People can say whatever they want, but I’m pretty sure our politicians closed the US government for a record 42 days and changed absolutely nothing. That’s quite an accomplishment. Sublime ineptitude. Congressional approval ratings supposedly declined 11pts to 15% during the period. Remarkable.

If a trader knew that 85% of his decisions were losers, he’d become the richest man on earth by simply doing the exact opposite of his instinct. I’m guessing Pelosi made good money trading the chop, but the broad equity market ended the shutdown period roughly a percent higher than where it started.

Extrapolating the recent pace of deficit spending, the Federal government accumulated another $600bln of debt during the shutdown, adding more leverage to the system, sustaining the economy, supporting asset values.

But even so, 10yr treasury yields are unchanged from where they were before the shutdown.

Crypto prices got smoked, with bitcoin down roughly 16% for no particularly good reason, even as gold rose 5%.

Liquidity trades often need momentum to sustain them, and the hot money has been chasing AI and gold.

Beijing added roughly 62 gigawatts of electrical generation capacity to China’s grid while Washington remained closed. That’s roughly the generation capacity of the entire UK, once the world’s greatest power.

80% of China’s new generation capacity is renewables, which means that once its built, it requires no coal, gas, or oil imports to power data centers. That’s quite a competitive advantage in this existential race toward AGI.

But at least we have our democracy, which we’ve been told is the worst system except for all the others.

Tyler Durden Sun, 11/16/2025 - 16:55

US Installed Nearly 26 GW Of New Generating Capacity From January To August

Zero Hedge -

US Installed Nearly 26 GW Of New Generating Capacity From January To August

By Meris Lutz of UtilityDive

Summary

  • The U.S. installed nearly 26 GW of new generation capacity between January and August 2025, up slightly from the approximately 23 GW installed over the same period last year, according to the most recent monthly infrastructure report from the Federal Energy Regulatory Commission.

  • As it has for most of the past two years, solar continued to dominate new generation resources, accounting for 2.7 GW out of 4 GW brought online in August alone, and 19 GW — about three-quarters — of generation capacity additions this year. 

  • The report also says FERC reissued a certificate for Williams Companies to construct and operate its Northeast Supply Enhancement Project. That expansion of the Transco gas pipeline from New Jersey to New York was revived following talks between President Donald Trump and Gov. Kathy Hochul in May after the Trump administration briefly froze the Empire Wind project. The White House and the developer of the wind project have told journalists the two sides reached a gas-for-wind deal, while Hochul has denied striking such a bargain.

Solar dominated capacity additions, according to FERC’s monthly report, while a controversial gas pipeline project from New Jersey to New York got a green light.

The report shows momentum for renewables continuing, despite the federal government’s emphasis on fossil fuels and nuclear. FERC lists 136 GW of “high probability additions” through August 2028, with renewables, led by solar and followed by wind, accounting for nearly 84%. Natural gas accounts for about 15% of high probability additions.

“Notwithstanding impediments created by the Trump Administration and the Republican-controlled Congress, solar and wind continue to add more generating capacity than fossil fuels and nuclear power,” the Sun Day Campaign’s executive director Ken Bossong said in a statement. “And FERC foresees renewable energy’s role expanding in the next three years while the shares provided by coal, oil, natural gas, and nuclear all contract.”

Large renewable projects that began operating in August include Hecate Energy’s 517-MW Outpost solar and storage project in Webb County, Texas; Gibson Solar’s 280-MW project in Gibson County, Indiana; and expansions at the Roadrunner Crossing Wind Farm in Eastland County, Texas, totaling 254 MW. 

While solar and wind made up most of the new generation added in August, a number of smaller gas generators also came online that month, totaling 888 MW. They include: Southern Indiana Gas & Electric Co’s 248-MW A.B. Brown expansion project in Posey County, Indiana; Basin Electric Power Coop’s 245-MW Pioneer Generation Station expansion in Williams County, North Dakota; and Lower Colorado River Authority’s 188-MW Maxwell Peaker Plant in Caldwell County, Texas.

Tyler Durden Sun, 11/16/2025 - 16:20

ICE & Border Patrol Begin Sweeping Deportation Raids On Criminal Illegals In Charlotte

Zero Hedge -

ICE & Border Patrol Begin Sweeping Deportation Raids On Criminal Illegals In Charlotte

Federal officers from Immigration and Customs Enforcement (ICE) and U.S. Customs and Border Protection (CBP) carried out large-scale raids across Charlotte on Saturday as part of President Trump's push to deport criminal illegal aliens. 

Charlotte Mayor Vi Lyles, Mecklenburg County Board Chair Mark Jerrell, and Charlotte-Mecklenburg school board member Stephanie Sneed wrote in a statement that they will "protect the rights of all people who call Charlotte and Mecklenburg County home." 

What they really mean is to protect illegal aliens at all costs. Why? Because illegals are politically valuable, both as a future voting bloc and as a demographic booster for the next Census, which directly benefits the Democratic Party, now taken over by far-left DSA-ers. 

Americans should be able to live without fear of violent criminal illegal aliens hurting them, their families, or their neighbors,” Assistant Homeland Security Secretary Tricia McLaughlin said in a press statement on Saturday.

“We are surging DHS law enforcement to Charlotte to ensure Americans are safe and public safety threats are removed.”

City and county officials have criticized the enhanced federal immigration enforcement operations.

“The expected ... operations are causing unnecessary fear and uncertainty in our community as recent operations in other cities have resulted in people without criminal records being detained and violent protests being the result of unwarranted actions,” read a Saturday statement prepared by Charlotte Mayor Vi Lyles, Mecklenburg Board of County Commissioners Chair Mark Jerrell, and Charlotte-Mecklenberg Education Board Chair Stephanie Sneed.

Lyles, Jerrell, and Sneed went on to state that the Charlotte-Mecklenburg Police Department doesn’t assist with federal immigration enforcement operations.

Lastly, the city and county officials called on those considering protesting to remain peaceful.

We do not want to see violence like many witnessed in other cities. We can stand up for what we believe in without resorting to violence,” the statement reads.

Let's not forget unhinged Mayor Vi Lyles faced backlash after calling for "compassion" toward the violent madman accused of slaughtering Ukrainian refugee Iryna Zarutska on the city's light rail.

Deadly stabbing on NC train Aug. 22, 2025 (WCNC:Charlotte Area Transit System per CNN Newsource)

Meanwhile...

Fun facts about the area: Approximately 58,000 illegals are living in Mecklenburg County, and an estimated 325,000 in North Carolina (data found here). 

X user Cynical Publius has three suggestions for the White House that would end the nation-killing rule Democrats and their globalist allies have imposed, a sinister rule marked not only by an open-border invasion of tens of millions of illegals designed to disenfranchise native-born voters, but also by an invisible insurrection carried out through color-revolution-style operations against Trump and 'America First' via a dark web of nonprofits... 

The Democrat Party as we know it today would cease to exist if the following three measures were implemented:

  1. Nationwide voter ID with in-person, same-day voting except for true absentee situations.

  2. End tax exempt status for ALL 501(c)(X)s (even religious, because if we leave that they will abuse it).

  3. Continue Trump's enforcement of existing immigration laws until we have rolled back all damage done over the last ten years.

Related:

The illegal-alien invasion facilitated by Democrats and their globalist allies shows no respect for borders or the rule of law. And without the rule of law, there is no country. All indications now point to a rise in deportations.

Tyler Durden Sun, 11/16/2025 - 15:45

Record Numbers Of Young Women Want To Leave The US

Zero Hedge -

Record Numbers Of Young Women Want To Leave The US

By Benedict Vigers of Gallup,

For the second straight year, about one in five Americans say they would like to leave the U.S. and move permanently to another country if they could. This heightened desire to migrate is driven primarily by younger women.

In 2025, 40% of women aged 15 to 44 say they would move abroad permanently if they had the opportunity. The current figure is four times higher than the 10% who shared this desire in 2014, when it was generally in line with other age and gender groups.

The percentage of younger women wanting to move to another country first rose decisively in 2016, the final year of President Barack Obama's second term. That year, Gallup surveyed the U.S. in June and July, after both parties’ presumptive nominees were set for the November election, which Donald Trump went on to win. Desire to migrate continued to climb afterward, hitting 44% in President Joe Biden’s last year in office and remaining near that level in 2025. This suggests a broader shift in opinion among younger women, rather than a solely partisan one.

The sharp rise in younger women wanting to leave the U.S. has created a large gender gap between them and their male counterparts. Today’s 21-percentage-point gap between younger men (19%) and women (40%) wanting to leave the U.S. is the widest Gallup has recorded on this trend.

Since Gallup began measuring this question globally in 2007, few countries have shown gender gaps this wide in the desire to migrate. Before the U.S. in 2025, no country had recorded a gap of 20 points or more between younger men and women.

Gallup’s question asks about desire to migrate, so these findings reflect aspirations rather than intentions. Previous Gallup research shows not everyone who wants to move will move. Still, the data indicate that millions of younger American women are increasingly imagining their futures elsewhere.

While the desire to move for good is currently elevated among U.S. men as well as women under age 45, it remains relatively flat at low levels among their counterparts aged 45 and older.

What has not changed is where these younger women would like to go. Canada remains the top preferred destination for younger American women looking to leave, with 11% of those in the years since 2022 mentioning Canada as their top destination, ahead of New Zealand, Italy and Japan (all 5%).

Young Women in Other Advanced Economies Don’t Share the Desire to Move

The growing trend in younger women in the U.S. looking to leave their country is not evident in other advanced economies. Across 38 member countries of the Organisation for Economic Co-operation and Development (OECD), the percentage of younger women who say they would like to migrate has held relatively steady for years, typically averaging between 20% and 30%.

For much of the late 2000s and early 2010s, younger U.S. women were less likely than their peers abroad to want to move. That changed around 2016. Since then, they have been more likely than younger women in other wealthy countries to say they would leave their homeland for good. By contrast, U.S. men aged 15 to 44 continue to be less likely than average to want to migrate compared with their peers in the OECD.

Politics Plays a Role Alongside Age and Gender

Rising interest in leaving the U.S. is shaped not only by age and gender but also by political attitudes. In 2025, there is a 25-point gap in the desire to migrate between Americans who approve and those who disapprove of the country’s leadership.

Desire to permanently leave the U.S. was not always such a politicized issue. Between 2008 and 2016, migration aspirations were similar regardless of views toward the country’s leadership. After Trump’s election, 2017 marked the first time this gap exceeded 10 points. During Trump’s first term, the difference in migration aspirations between those approving and disapproving of national leadership averaged 14 points. Under Biden, the gap narrowed to eight points, before climbing to 25 points in 2025, the first year of Trump’s second term in office.

Younger women’s much stronger orientation to the Democratic Party than other age and gender groups exhibit helps explain some of the differences in desire to move abroad. So far in 2025, 59% of women aged 18 to 44 identify as or lean Democratic, compared with 39% of younger men, 53% of older women and 37% of older men.

Desire to Migrate Rises Among Single and Married Women Alike

The people most likely to express a desire to migrate are typically those who have greater mobility, such as the unmarried, those without children at home and younger adults. However, among American women aged 18 to 44, the desire to migrate has risen regardless of marital status.

Between 2024 and 2025, at least two in five younger women — 41% of those who are married and 45% of those who are single — said they would like to move abroad permanently if given the chance. This is the narrowest gap by marital status among younger women in desire to move that Gallup has recorded since first asking the question, suggesting that younger married women increasingly do not view marriage as a barrier to migration.

The same pattern is true for having young children at home. Among younger women with children living at home, 40% say they would like to leave the U.S. for good, on par with the percentage among those without children (44%). Were these women to follow through on their desire to migrate, it is likely that they would take the next generation with them.

Younger Women Lose Faith in America’s Institutions

Across demographic groups, Americans with lower confidence in institutions such as the government, judicial system, military and integrity of elections are consistently more likely to express a desire to leave the country.

Over the past decade, younger women have not only shown the largest increase in wanting to move abroad but also have experienced the steepest drop in institutional confidence of any age or gender group.

In 2015, women aged 15 to 44 scored an average of 57 on Gallup’s National Institutions Index, which measures confidence in the national government, military, judiciary and honesty of elections.

Since then, younger women’s scores have fallen by 17 points — a sharper decline than seen for any other demographic — and dropped during both the Trump and Biden administrations. By comparison, women aged 45 and older and men aged 15 to 44 have remained broadly stable in their confidence in institutions, while the score among men aged 45 and older has increased by 15 points.

The Supreme Court’s 2022 Dobbs v. Jackson Women’s Health Organization decision, which overturned the constitutional right to abortion, may have contributed to the drop in younger women’s National Institutions Index score — particularly the steep decline in their confidence in the judicial system, which fell from 55% in 2015 to 32% in 2025, more than any other age group. However, when it comes to desire to migrate, the Dobbs decision alone may have played a more limited role, given that the trend in wanting to leave began years before the ruling.

Bottom Line

More Americans than at any time in the past two decades say they would like to move away from the U.S. permanently, with the sentiment becoming increasingly politicized since 2017. Younger American women’s desire to leave the U.S. has surged to unprecedented levels in recent years, widening the gender divide to more than 20 points, the widest recorded for any country in the World Poll.

Unlike their peers in other advanced economies, younger American women now stand apart from the rest of the U.S. in several respects. They increasingly lack faith in national institutions and picture their futures beyond America’s borders.

Tyler Durden Sun, 11/16/2025 - 15:10

Peter Schiff: Printing Money Is Not the Cure for Cononavirus

Financial Armageddon -


Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.






Dump the Dollar before Bank Runs start in America -- Economic Collapse 2020

Financial Armageddon -












We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Hillary Clinton's Top Secret Files Revealed Here

Financial Armageddon -

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.





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