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‘Revenge of the Nerds’ star Donald Gibb dead at 71

NY Post
1 month 1 week ago
His death comes just three months after the passing of fellow "Nerds" star Robert Carradine.
mliss1578

‘Revenge of the Nerds’ star Donald Gibb dead at 71

NY Post
1 month 1 week ago
His death comes just three months after the passing of fellow "Nerds" star Robert Carradine.
Wendy Geller

Rookie A.J. Ewing sparks offense in impressive debut as Mets crush Tigers

NY Post
1 month 1 week ago
If his debut in a 10-2 win over the Tigers at Citi Field was any indication, the speedy outfielder may be up to the task.
Dan Martin

OG Anunoby’s return likely makes one Knicks guard odd man out in playoff minutes crunch

NY Post
1 month 1 week ago
With Anunoby expected to return for Game 1 of the conference finals, it is likely those minutes will again disappear. 
Jared Schwartz

Coast Guard rescues 11 from ocean after plane crashes off Florida coast

NY Post
1 month 1 week ago
The US Coast Guard's Southeast Division said they're actively searching for an airplane that crashed about 80 miles off Melbourne, Florida.
FOX Weather

Beagles rescued from research lab arrive in California as SF activist faces felony charges

NY Post
1 month 1 week ago
A busload of beagles recently rescued from Ridglan Farms in Wisconsin have arrived in California looking for their forever home.
Katie Jerkovich

Truth Is The First Casualty Of War; The Currency Is The Second...

Zero Rss
1 month 1 week ago
Truth Is The First Casualty Of War; The Currency Is The Second...

Authored by Nick Giambruno via InternationalMan.com,

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” 

— Ernest Hemingway

Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted the funds to prosecute a war. When the gold ran out, the war stopped. But not in a fiat currency system. They can continue debasing the currency until they hyperinflate it.

That’s why there’s a simple equation you should sear into your memory:

War = Inflation

The historical pattern is clear.

If the first casualty of war is truth, the second casualty is the currency.

For example, the US money supply (M2) more than doubled during World War I and about tripled during World War II.

During Vietnam, the money supply rose roughly 90%, and during the 2003 Iraq War era, it rose about 65%.

War is expensive. The US government often ends up financing it by going deeper into debt and debasing the currency to service that debt.

How much will the war in Iran cost? Nobody knows the exact amount, but I am confident it will result in meaningful currency debasement.

According to the Iran War Cost Tracker, the conflict has cost at least $74 billion so far. Other estimates, such as those from CSIS, put the cost at around $2 billion per day. But these estimates almost certainly understate the true direct costs, not to mention the indirect costs of the war.

Further, the Pentagon is now asking for an additional $200 billion in emergency war funding. And that is on top of its recent request for a 50% budget increase to $1.5 trillion.

Lastly, it’s worth noting that recently Iran destroyed at least one E-3G “Sentry” Airborne Early Warning & Control aircraft in Saudi Arabia, along with 2 or 3 KC-135 tanker aircraft in the same strike.

This marked the first combat loss of an E-3 in history. Each unit costs at least $540 million.

After the strike, the US likely has only around 8 operational E-3s left, with none currently in production. It remains one of the most important aircraft in the US Air Force.

A cheap Iranian Shahed-136 drone, costing roughly $7,000 per unit, was what took out the $540 million E-3. That works out to a cost asymmetry of roughly 77,286 to 1 in this strike, which has to be a record, or close to it, for the biggest cost asymmetry in a single military strike.

If the war drags on for a few more weeks and Hormuz remains closed, I think we will see an economic collapse far larger than the one caused by the global lockdowns during the Covid mass psychosis. In response to that slowdown, the US government went on its biggest money-printing binge in history and increased the money supply by 40% in a matter of months. I expect the economic disruption from a prolonged closure of Hormuz to be even greater, and thus the accompanying monetary “stimulus” to be even greater as well.

In short, the Iran war and its side effects could unleash a tsunami of new government spending, which was already in the stratosphere.

How is the US government going to finance all of this spending?

It will do so by issuing new debt—Treasuries—but to whom, and on what terms?

First, it is important to understand that the overwhelming majority of new issuance has been in short-term T-bills. There are dwindling buyers—suckers—willing to buy long-duration US debt.

That is typical in a debt crisis. As demand for long-term bonds weakens, investors gravitate toward short-term instruments like T-bills instead of 10-year notes and 30-year bonds.

It is the same pattern you see in emerging-market crises. The market shortens maturities as conditions deteriorate. Only a fool would want to lend a bankrupt government money for the long term.

Further, the Chinese are divesting their Treasuries rather than buying more. The Japanese, the single largest foreign holder, are selling Treasuries to support the yen and prop up their own warped bond market.

So, who will be buying all of the new paper the US government is likely to issue to finance the Iran war and its effects?

There is only one real candidate: the Federal Reserve, which buys Treasuries with “money” it creates out of thin air by debasing the currency.

As the war spending grows, the real cost won’t only show up in Pentagon budgets or Treasury auctions. It will show up in the purchasing power of the dollars in your bank account.

The key question is what to do before the next wave of debt, money printing, and inflation hits.

That’s why I’ve put together a simple, urgent guide showing the top 3 strategies you need right now to help protect your money and personal freedom. Get it now.

Tyler Durden Tue, 05/12/2026 - 22:35
Tyler Durden

Marco Rubio dons Nike ‘Venezuela’ tracksuit on Air Force One: ‘Maduromaxxing’ 

NY Post
1 month 1 week ago
He’s “Maduromaxxing.” 
Victor Nava

A.J. Ewing’s dad couldn’t contain his excitement in rookie’s Mets debut to remember

NY Post
1 month 1 week ago
Mets prospect A.J. Ewing showed off his blazing speed when he belted an RBI triple in the seventh inning of his big debut on Tuesday at Citi Field.
Ted Holmlund

Jason Kidd mourns loss of ‘pioneer’ and Nets teammate Jason Collins: ‘This one hurts’

NY Post
1 month 1 week ago
Jason Collins died Tuesday at 47 after a fight with Stage 4 glioblastoma. The late NBA center played eight years with the Nets and overlapped for seven years together as players before Kidd coached Collins for one season in 2013-14.
Andrew Battifarano

Brandon Clarke’s body will be released to his family as cause of death remains ‘pending’

NY Post
1 month 1 week ago
Clarke, 29, was pronounced dead by Los Angeles Fire Department paramedics who responded to a 911 call to a residence in the San Fernando Valley shortly after 5 p.m. local time. 
Christian Arnold

China’s AI is truly artifical – and the US must fight Xi’s zero-sum tech race and stolen advancements

NY Post
1 month 1 week ago
Despite the hype surrounding China’s artificial intelligence capabilities, progress remains heavily dependent on theft and smuggling.
Ian Williams

Michael Goodwin: The combination of Gov. Hochul’s vote buying and Mayor Mamdani’s socialist agenda will destroy NYC

NY Post
1 month 1 week ago
Like Wimpy, the classic cartoon character who perpetually promised that “I’ll gladly pay you Tuesday for a hamburger today,” Gov. Hochul and Mayor Mamdani are sticking New York taxpayers with huge debts for years to come.
Michael Goodwin

The Liberty are reaping the benefits of Marine Johannes’ new vibe

NY Post
1 month 1 week ago
Marine Johannès can often be her own harshest critic. It’s something she’s actively working on: Staying even-keeled through the inevitable ups and downs of the season.
Madeline Kenney

NYC to MetLife round-trip bus fares for World Cup ticket holders slashed by 75%: report

NY Post
1 month 1 week ago
The steep price cut comes after New York Gov. Kathy Hochul pumped $6 million into hacking down fares – with the investment setting aside about 20% of bus tickets for state residents who have purchased match tickets.
Anna Young

Israel Sent Iron Dome & Troops To UAE During Iran War: Amb. Huckabee Confirms

Zero Rss
1 month 1 week ago
Israel Sent Iron Dome & Troops To UAE During Iran War: Amb. Huckabee Confirms

In a very surprising revelation, the Israelis supplied UAE with advanced anti-air defense systems as it came under attack from Iran during Operation Epic Fury. More interesting is that it even sent IDF troops top operate the systems.

This is according to no less than two top Trump administration diplomats. First, US Ambassador to the United Nations Mike Waltz was the first government official to publicly confirm that Israel’s Iron Dome missile defense system was used to shoot down Iranian missiles targeting UAE.

via Associated Press

Waltz revealed the information at an event hosted by the Israeli Mission to the UN in New York. "We saw the UAE make use of the Iron Dome provided to it by Israel," the Israel Hayom daily cited Waltz as saying.

The UAE had been heavily targeted by Iran - more than any other regional Gulf state, with Kuwait also being a heavily targeted nearby country sitting very close to the Islamic Republic..

Axios was the first to report the Iron Dome transfer back in late April, which was accomplished early in the conflict. "Israel sent the United Arab Emirates an Iron Dome air defense system with troops to operate it early in the war with Iran" - it said, citing two Israeli officials and one U.S. official.

"The military, security and intelligence cooperation between Israel and the UAE has reached new heights during the war," the report continued. "The unprecedented deployment of the Iron Dome system during the war was not previously made public." Astoundingly, this operation involved placing a small amount if Israeli soldiers on Gulf Arab soil:

Israel reportedly deployed an Iron Dome battery to the United Arab Emirates early in the war with Iran, and sent several dozen troops to operate it.

It marked the first time the system has been sent to another country outside of Israel and the US, Axios reported Sunday, citing Israeli and American officials.

The second American diplomat to provide high level confirmation that the Israeli-provided system was active in defending UAE is Ambassador to Israel Mike Huckabee. 

"I'd like to say a word of appreciation for United Arab Emirates, the first Abraham accord member," Huckabee said at a Tel Aviv Conference this week. "Just look at the benefits. Israel just sent them Iron Dome batteries and personnel to help operate them."

"The Gulf states now understood they will have to make a choice - is it more likely they will be attacked by Iran or Israel?" Huckabee posed before the Israeli audience. "They see that Israel helped us and Iran attacked us. Israel is not trying to take over your land, and is not sending missiles to you."

So clearly there is a coordinated effort to finally make public very sensitive information - that for the first known time in history Israel is directly transferring weapons to a Gulf Arab state.

🇺🇸🇮🇱🇦🇪 U.S. Ambassador to Israel, Mike Huckabee, confirms Israel sent Iron Dome batteries to the UAE:

Can I say a word of deep appreciation and admiration for the United Arab Emirates? I think that the UAE is an example. They were the first Abraham Accord member, but look at the… pic.twitter.com/PV658EXcCi

— Ariel Oseran أريئل أوسيران (@ariel_oseran) May 12, 2026

While the UAE and Israel normalized relations in 2020 as part of the aforementioned Abraham Accords, there's been a growing covert relationship between Israel and some Gulf states going back to the early phase of the Syrian proxy war.

Israel and the Sunni autocrats conspired to overthrow Bashar al-Assad, a longtime key ally of Iran, and they cooperated on funding and supplying anti-Damascus jihadi insurgents. Out of this shadow war came a greater mutual understanding.

Tyler Durden Tue, 05/12/2026 - 22:10
Tyler Durden

Macaulay Culkin reveals major regret over late Catherine O’Hara 3 months after her death

NY Post
1 month 1 week ago
O'Hara starred as Culkin's mom in the 1990 holiday classic "Home Alone."
mliss1578

Macaulay Culkin reveals major regret over late Catherine O’Hara 3 months after her death

NY Post
1 month 1 week ago
O'Hara starred as Culkin's mom in the 1990 holiday classic "Home Alone."
Audrey Rock

NYC failed elderly teacher pushed to his death by subway madman

NY Post
1 month 1 week ago
Ross Falzone deserved better.
Frank Conti

Umpire inadvertently helps Mets prevent run with chaotic collision

NY Post
1 month 1 week ago
The Mets might owe one to Rob Drake.
Andrew Battifarano

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