The Federal Reserve Bank plans to launch a new settlement system called FedNow by next summer. While it’s not blockchain-based, like cryptocurrency, it would route credit and debit card transactions through the Fed—meaning instant government records of card purchases.Continue Reading

At least 20 million households in the US are behind on power bills as soaring electricity prices and inflation put a squeeze on family budgets. Some analysts are predicting a wave of utility disconnections as winter approaches.Continue Reading

Aleksandr Dugin, the philosopher called “Putin’s brain,” reportedly suffered a heart attack after the car bombing Saturday that killed his 30-year-old daughter. Was the bomb was meant for him, and is the heart attack another assassination attempt?Continue Reading

The FBI raided Mar-a-Lago, the home of former President Trump, ostensibly looking for documents improperly removed from the White House. Given the FBI’s behavior in the Russian collusion hoax, we have low confidence that the warrant, the search, or the motives behind it are legit.Continue Reading

Nancy Pelosi’s stunt visit to Taiwan last week caused Xi Jianping and Chinese leadership to lose face, an unforgivable act in their culture. China’s response may be slow in coming, but it will be calculated, precise, and tough.Continue Reading

House Speaker Nancy Pelosi’s announced trip to Taiwan has become a game of nuclear chicken. China has threatened military action if Pelosi goes through with her visit, but the Biden administration may feel it can’t risk being seen as weak.Continue Reading

The FBI’s efforts to interfere in the last two presidential elections on behalf of Democrats brings to mind the Praetorian Guard in the Roman Empire. Once the Guard realized it had the power to make and break emperors, who learned to play ball—or else.Continue Reading