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Thursday morning #headlines recap

Nvidia's 10-Q discloses a $105bn credit backstop for OpenAI's SoftBank-built Ohio campus. Nvidia covers land, power and the empty building if OpenAI can't pay; OpenAI signs a 20-year lease and can only run Nvidia chips. The financial circle-jerk continues.

IRGC: Hormuz stays closed until the US pays $300bn. Conditions also include release of frozen assets, lifting the naval blockade and oil embargo, and ending US military operations on all fronts. Five confirmed transits Tuesday against 130+/day pre-war. Trumps claim of 22 doesn’t square with other sources, but even if true it’s still a paltry 16% of pre-war levels. At least one vessel has been struck for 3 consecutive days.

Rubio has told counterparts the US is not expected to initiate new strikes "for the time being". Last US strikes were 30 July. You can’t fire missiles you don’t have.

Qatar's LNG exports are down 96% six months into the war. Japan is now planning to fund pipelines that bypass the strait entirely.

Kremlin concludes peace negotiations are a dead end and is preparing to escalate. Ratcliffe reportedly warned Putin of operations capable of blocking Russia's southern ports and offered a Donbas compromise; Putin's counter was a threat to strike Ukraine "three times harder”. Russia also refused the request to pressure Iran on Hormuz. There are some conflicting reports on whether Radcliffe actually met directly with Putin, but regardless it’s yet another Trump regime humiliation.

Overnight strike of ~22-26 missiles across Kyiv, Odesa Oblast, Kremenchuk, Kryvyi Rih and Zaporizhzhia. Hits confirmed on the Kremenchuk oil refinery with cluster-warhead Iskanders and the Lelyaki 110kV substation. Russia fired 9 cheap modified S-400s at Kyiv and drew 9 PAC-3 interceptors from a package delivered this week, without spending a single Iskander. A larger Iskander/Zircon attack is expected in days, against depleted stocks.

US Army awarded up to $2.2bn to five companies to build and operate microreactor nuclear plants on five bases. They’ll never get built due to corruption and incompetence, and if they do somehow get built they’ll be constantly offline for the same reasons.

France's elites are publicly debating cancelling the national debt at 117.6% of GDP. I’m no finbro, but my 2 takes: first, once some Western nation does this the dominoes will fall and others will follow; and, second, if any western nation canceled their debt, they’d be back in the same hole within 5 years. Canceling the debt only treats the symptom, not the disease.

The top court in China recently high­lighted the first judi­cial rul­ing estab­lish­ing the bind­ing nature of the Anti-For­eign Sanc­tions Law, which observ­ers said could provide a legal pre­ced­ent and guide com­pan­ies facing fre­quent over­seas sanc­tions as geo­pol­it­ical ten­sions con­tinue. TLDR if a company does business with China and then refuses to deliver goods or services because of “muh US sanctions” they’ll be penalized severely.

Glacier collapse on the Tibet-Nepal border: casualty counts diverge sharply across sources, from hundreds to thousands. A 2,000-foot chunk of ice fell ~4,000 feet into the valley. Global warming cultists will be masturbating furiously over this headline. 



One of AC’s commenters offers some insight about THE GOYBEAM injuries. 



I hate to be the one to tell your readers this, but if you go to a physician and tell them you think you’re a Havana Syndrome victim, the average physician is going to write you a prescription for a psychotropic drug and give you a referral to a psychiatrist. I’ve worked in psych and many other healthcare settings. I met people over the years who were being beamed. They always got written off as being nuts. Be careful who you express your suspicions to. Make sure the physician is sympathetic to targeted individuals. The only thing worse than being beamed is having what we at the hospital call a psych jacket. It will follow you everywhere you go when you seek healthcare. I have seen people with real physical illnesses not treated for curable illnesses because they were rerouted through psych. Sometimes your best protection is to play dumb about the side effects of the beaming in front of physicians. Let them bring it up. Sorry, but this is the state of the practice of medicine in the US. Most physicians out there are little more than Big Pharma whores.

hoe_math comments on San Diego’s new anti-semitic speech ordinance: “It is not normal for an American city to create policy against criticizing foreign countries or their leaders. If anybody doesn't get it yet that the jews have fucked with our country and destroyed it on purpose, it should be pretty hard to misunderstand this one.” He’s speedrunning cancelation on all social media platforms…



There were reports of two measles deaths, however now we are finding one individual died with measles, however there are no deaths from Measles. 



Ted Cruz quote-posts a twitter post by a user with a display name of “Ted Cruz’s Tiny Dick”. I doubt ol’ Ted is actually writing his posts, just as likely it was some social media intern that did it for the lulz.

Spanish police fire rubber bullets at Spaniards protesting illegal invasion, but leave brown savages untouched. Sooner or later their gonna have to [redact] some leaders.

Trump admin paused all visa appointments worldwide. It’s not like we’ve got so much good news that we can afford to ignore a positive headline when it comes along.

People on H-1B and other visas were told their final green card interview had to happen in their home country. Many booked flights, left jobs and families, and showed up ready. Some bleeding heart liberal faggot (but I repeat myself) was lamenting this, but I’m putting it in the good news category. Any time a pajeet leaves this country it is a net win. 



Try your best to get out and touch some grass today frens…

@jb >France's elites are publicly debating cancelling the national debt
Judging by their bond yields no one believes them, yet.
Thing is they'd have to leave the Euro as they'd have to bail out their banks with a currency devaluation which they can't do since they don't directly control the currency (so I guess they *could* do it if the rest of the Euro block was keen to the same idea, which, they might well be).
I had to look that one up, it's actually pretty dumb...

Something like 18% of the French government debt is owed to the Banque de France, France's central bank that no longer really does anything because Euro System...

Well, the French govt owes money to the central bank, but the bank is actually owned by the government, so it's an asset on their balance sheet. They're literally paying interest which they then book as revenue...

Cancelling it is really just re-shuffling an accounting book, which is kinda sad because it really would be nice to see some country say "you know what, fuck the national debt, we can pay you in Uranium"
@cjd @jb I'd imagine every government is quietly trying to cook up a way to cancel their debt that won't impact them domestically, but I just don't see it (maybe I'm not creative enough). With the way everything is intertwined they might not hold the debt themselves, but some counterparty to their debt probably does.

I now wonder though how much of that "discussion" was driven by the U.S. selling French debt to prop up the Yen.
@jb @Red_Hat @magicalthinking @cjd @EvilSandmich That's not how it works. Who do you think will get hit by it? Who do you think has that debt? You do.
The only time this happened without bankruptcy was in ancient Athens under solon. Athens didn't collapse because solon devalued the drachma massively (30%) banned all exports except olive oil and incentivised several things. 1 mass immigration into Athens changing what democracy means 2 indebted servitude ended, replaced by asset collateral (that's already the case today). 3 gave incentives for crafts and manufacturing (pottery, carpentry, metallurgy). It freed indebted servants but impoverished the poor into starvation and self exile.
Athens also conquered the isle kingdom of salamis and exploited it until nothing was left.
See.?
Debt erasure outright will put most working class people into a cardboard box in an alley.
Default and restructure is the only way.

Whenever they want to get rid of the nominal debt in the books they'll just inflate it away. The ultra-rich are always perfectly insulated from hyperinflation, so they don't care. It's what you do when you control the currency in which the debt is issued.

@Paleface @Red_Hat @jb @magicalthinking @cjd @EvilSandmich I don't believe hyperinflation will ever happen in America because jews and mustache man. High inflation? Yes. Hyperinflation? No. I believe the gop will die and the dems will choose to lock down and permanently run a Mexico-south africa type country. Therefore they'll gut the military. Its not winning any wars or even producing enough weapons. It won't be easy, the factions of jews will tear each other apart but i truly believe that is what will happen. Gut the military, keep the gibs for the shitskins, rule a shithole.
@Paleface @Kalogerosstilitis2RevengeoftheJunta @Red_Hat @jb @magicalthinking @cjd I don't see how they'll go from "global reserve currency" to "mostly regular currency" without canceling and re-issuing.

I'd read a write-up on the old German Mark that echoed the case as WWI reparations were to blame, but not why people think as the sudden inundation of Marks against a fairly strong German economy made it a proto-global currency. When they let the debt issuance exceed the global demand for Marks, well, that was all she wrote.

There's plenty of room to inflate the dollar before it becomes impractical. I used to pay thousands of the currency of the time for a bubble gum when I was a kid. Then they tried to cut some zeroes and reissue it four times, I think. Never worked, of course.

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@Paleface @Red_Hat @jb @magicalthinking @cjd @Kalogerosstilitis2RevengeoftheJunta >There's plenty of room to inflate the dollar
I agree. Losing 10% value a year is nothing in the great scheme of things; it's basically surtax no one was asked about. It's not even out of place in living memory of many within the U.S. itself. Thing is too, with the way the dollar is structured foreigners, and especially the Chinese, are the ones who have to eat most of that anyway.
Right now, everybody needs dollars to buy oil.
Russia and Iran are not allowed to accept dollars, so they have made other arrangements. As the unsustainable wars we have insisted on end, Both Russia and Iran will be leading oil producers, and they will refuse payment in dollars. This will encourage (but not force) other oil producing countries to accept payment in other forms. Within 5 years, everybody but Venezuela and KSA will be off the dollar train, and the world will not have a reserve currency.