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The GOP Has Its Own Platner-Esque Nightmare Erupting In Ohio
Democrats spent months navigating the endless Graham Platner scandals in Maine, before credible rape allegations finally forced him out. Republicans got their own Platner-esque scandal of their own this week in Ohio.
Rep. Max Miller (R-Ohio) posted a 25-minute video to X on Sunday morning to deny a stack of abuse allegations from his ex-wife, Emily Moreno, the daughter of Sen. Bernie Moreno. He's been accused of holding a gun to her head, throwing scalding water at her, and fracturing their 2-year-old daughter's collarbone. Miller says none of it happened the way it's described, and he says a family court fight over custody explains why the story surfaced.
"Let me begin with the most painful accusation of all: I have never abused our daughter," Miller said in the video, adding that the claims "have damaged my reputation, caused enormous pain to my family, and most importantly, it's affected our daughter."
He asked viewers to draw their own conclusions from his ex-wife's behavior after the alleged assaults. "Ask yourself, if I had assaulted her, would she have offered to cook me dinner six days later? Would she have invited me to spend an afternoon at the playground with her and our daughter?" Miller said, insisting there is "no evidence" against him and that no court or child welfare investigation has substantiated the allegations. The boiling water, he said, was a kitchen sink spray mistaken for horseplay.
Special Announcement https://t.co/ouTFVkATZD
— Max Miller (@MaxMillerOH) August 2, 2026Police confirmed to CNN that prosecutors never filed charges over the daughter's collarbone injury, and that there are no other open investigations involving Miller or Moreno.
Miller has also filed a defamation suit against his ex-wife and her attorney. And the legal conflict cuts both ways: a judge last week ordered both Miller and Moreno - not just one of them - not to "threaten, abuse, annoy or interfere" with each other.
Whatever the merits of that defense, within the hour, Sen. Bernie Moreno of Ohio posted a statement.
"As he has admitted privately, Max Miller needs serious psychological help," Moreno wrote on X. "He is a danger to my daughter, and I hold my breath every minute he has custody of my granddaughter." He went further still, writing that "if there are any basic standards of character required to hold elected office, Max Miller fails them" and that his former son-in-law "should not serve in the House of Representatives."
He continued, "If there are any basic standards of character required to hold elected office, Max Miller fails them. He should not serve in the House of Representatives. I believe Max Miller needs to seek professional help to end the clear pattern of abuse he has left in his wake. I believe he should not be free to continue endangering others until he does."
Miller didn't let the statement sit unanswered. He shot back at Moreno in his own post on X, writing that "if my daughter said the same thing to me, I personally wouldn't wait two years before holding him accountable." "You know this isn't true and the only reason you are speaking out now is to hide from your own media circus. This is all political," he added.
@berniemoreno If my daughter said the same thing to me, I personally wouldn’t wait two years before holding him accountable. You know this isn’t true and the only reason you are speaking out now is to hide from your own media circus. This is all political. https://t.co/6GmCGBwe5y
— Max Miller (@MaxMillerOH) August 2, 2026A sitting Republican senator calling for a sitting Republican congressman to resign is not a dynamic party leadership wanted heading into a midterm cycle crowded with headaches. Moreno described the two years since the divorce as "pure hell" for his wife, his daughter and the rest of the family, which is not the kind of language reserved for a policy dispute.
Miller's Democratic opponent in the 7th District, union ironworker and Brook Park councilman Brian Poindexter, wasted no time exploiting the situation for his campaign. "No one credibly accused of holding a gun to his wife's head and breaking their 2-year-old daughter's collarbone belongs in the halls of power," Poindexter said in a social media post Sunday as part of a fundraising pitch.
Democrats clearly see an opening in a seat that was not on anyone's flip list a month ago.
Emily Moreno's spokesman, Stefan Mychajliw, offered his own assessment of Miller's livestream, and restraint was not the operative word. "It is shameful that Max Miller decided to go on a bizarre and lie-filled rant about his ex-wife to desperately try to save his political career," Mychajliw said in a post on X. "There is a documented trove of evidence that Miller has a history of violent and dangerous behavior and no amount of victim shaming will change that. Miller can lie and spin on X, but he cannot do so under oath in a court of law. We are confident that justice will prevail in court."
Miller, a former adviser in President Trump's first administration, who was previously endorsed by Trump this cycle, has given no indication he intends to step aside. "I'm not dropping out of this race," he said. "And I'll win in November."
The Ohio GOP faces a Wednesday deadline to swap him out if it wants a different name on the November ballot, an option party officials have discussed given the volume of pressure bearing down from inside the family and outside it alike.
Platner cost Democrats a clean shot at Susan Collins in Maine. Miller may cost Republicans a House seat that shouldn't even be competitive.
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Japan, Bretton Woods 2.0, & The End Of The Carry Era
Japanese Finance Minister Satsuki Katayama is set to announce as early as Monday that Tokyo and Washington are coordinating on steps in the foreign exchange market to curb the yen’s weakness, a person familiar with the situation told Bloomberg.
Satsuki Katayama
The content of the announcement is still being worked on but could happen as early as Monday morning, the person said, declining to be identified as the information isn’t public.
Reuters earlier reported Katayama would confirm the joint action, and reinforce the two sides’ commitment to battle what they deem as excessive declines in the yen.
Japanese authorities bought yen and sold dollars during New York trading on Friday, Bloomberg reported earlier, citing one person with knowledge of the matter. At the close of New York trading on Friday, the yen was quoted at 157.40 to the dollar, the strongest since early May.
Just two days earlier, it was flirting around the weakest levels since 1986.
The sharp gains were fueled by a combination of direct purchases of the yen, calls by officials to banks that trade the currency and jawboning from US Treasury Secretary Scott Bessent and Katayama.
Bessent’s commitment to shoring up the yen was also shown when Reuters published a photograph of a notepad in front of him at a cabinet meeting in Camp David on Friday.
Under a “To Do” title, it was written “Buy Japanese Yen (JPY) $5-10 bil.”
Japan’s original plan appeared to have been to stick to a “no comment” line while the operation was underway, and offer only subtle hints of US support.
The approach was kept to Thursday and Friday.
But with multiple media reports emerging and Bessent’s to-do list on show, authorities may have decided to change course and make a clear public announcement.
The operation on joint action is “still ongoing,” Reuters said, citing an unidentified government official.
As James Thorne, Chief Market Strategist at Wellington Altus, explained via X, Bessent’s move toward the New York Fed matters because it signals that Treasury understands the long end is being driven by flows, not by the inflation scare Wall Street keeps recycling.
Japan is now central to that story.
If Tokyo must defend the yen, the Ministry of Finance may need to sell U.S. Treasuries, and when the largest foreign holder of U.S. debt becomes a seller, the long end will reprice.
That is why this moment looks bigger than a routine currency episode.
It has the feel of a new Plaza Accord and the opening phase of Bretton Woods 2.0.
Since the 1980s, Japan has sat at the heart of the global yen carry trade, exporting savings, suppressing yields, and helping sustain a financial order built on cheap leverage and central-bank engineering. That order is now breaking down.
The end of QE and the coming end of the yen carry trade mean capital markets, not central banks, will increasingly set rates.
This is also why the inflation narrative is so weak.
Breakevens remain anchored. Credit markets are not pricing a new inflation regime. Wall Street keeps labeling every rise in the long end as “inflation risk,” but that is intellectual laziness.
The real story is Japan, reserve liquidation, and a global adjustment process that has barely been recognized.
Adding to that pressure is Big Tech’s pivot from providing savings to demanding credit.
The same companies that once absorbed duration are now issuing debt to finance AI infrastructure, data centers, chips, and power.
That is another reason the long end is moving.
The upshot, secular forces are tightening credit conditions, and central bankers need to cut policy rates to help facilitate the adjustment.
A global economy hooked on the carry trade cannot go cold turkey.
This unwind requires finesse.
Bessent is starting that process, but central bankers and Wall Street still need to abandon the Keynesian dogma that treats rise in the long end as an inflation scare!
The deeper shift is structural.
America is escaping secular stagnation by running the economy hot through supply-side economics, deregulation, and productive investment.
A Warsh Fed would fit that world, because growth would no longer be treated as a policy mistake.
Japan, meanwhile, may finally be restructuring both its economy and its geopolitical role.
That is why this is not an inflation story. It is the beginning of a new regime.
Tyler Durden Sun, 08/02/2026 - 16:55