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TG 2159: Trump Calls Off Iran Attack--Is He Preparing For Another One?

George Szamuely and Peter Lavelle discuss President Trump's apparent change of mind on raining hellfire on Iran, and wonder whether it's all an elaborate head-fake.

01:33:24
TG 2158: Spain And EU Make A Mockery Of Europe's Laws

George Szamuely discusses the origins of Spain's immigration crisis and the current migrant invasion at the Spanish exclave of Ceuta.

00:37:26
TG 2157: Trump's Gaza Peace Plan Returns From The Dead

George Szamuely and Peter Lavelle discuss the sudden revival of President Trump's 20-point peace plan for Gaza, wonder what's behind this revival and speculate as to the likelihood of a successful outcome.

01:13:40
August 01, 2026

The Fed and the treasury are going to come into conflict. And the treasury will win." —
@SantiagoAuFund

2 weeks before migrants from Morocco invaded Ceuta, the GOP passed a bill with $40 million for Morocco and a committee report advising:

Spanish-administered cities of Ceuta and Melilla are located in Moroccan territory and remain the subject of Morocco's longstanding claim.
https://x.com/RepThomasMassie/status/2083993304035950881?s=20

Edward Dowd
@DowdEdward
·
1 h
Massive coordinated Yen intervention announced this weekend.

Traditionally large delta rapid strengthening of the yen has been associated with risk asset weakness especially global equities.

So far this is a 5% down move in USD/JPY (yen strength)

Rapid moves can sometimes cause the Yen carry trade to become more expensive and liquidations can occur.

In August 2024 a 10% move provided some volatility especially in Japanese equities.

The cooks are in the kitchen now and it’s a delicate meal they are preparing

Barchart
@Barchart
·
2 h
Japan will use the International Repo Facility in the future to boost the Yen and avoid having to sell U.S. Treasuries 🚨 🚨

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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