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Show Notes: Jim Acosta’s AI Seance

The Mighty Humanzee
By The Mighty Humanzee

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Life is weirder than fiction. Jim Acosta is so desperate, he interviews AI. Except it’s an avatar of a deceased person. The very first AI Seance.

MSNBC Punked!

Schiff Under Criminal Investigation

Nancy Mace Has New Modeling Career

Barry Collects His Payout

BASTA Means “Enough!” In Italian, Humper

Are You Not Of The Body?

Disgusting AI Madness

Howard Stern’s Private Parts Just Got Stomped

Trump EO Will Punish Banks that Discriminate Against Conservatives and Crypto

https://www.zerohedge.com/political/white-house-order-punish-banks-discriminate-against-conservatives-crypto-companies

The White House is about to unveil a new executive order that would punish big banks who discriminate against conservatives and crypto companies.

A draft of the order seen by the WSJ directs bank regulators to investigate whether any financial institutions may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws – with violators facing monetary penalties, consent decrees or other disciplinary measures, according to the draft. 

The Federal Reserve said in June that it would stop examining for reputational risk following similar moves made by the Office of the Comptroller of the Currency and the FDIC.

Crypto, meanwhile, was long in the crosshairs of the Biden administration – in what industry executives have alleged was an effort to cut crypto off from the financial system by using regulators to pressure banks into backing away from clients involved in digital assets. 

As the outlet reports further, the reported draft order directs bank regulators to scrap any of their policies that may have contributed to banks dropping some customers, such as crypto firms.

 

There. Are. No. Cuts. To. Medicaid!

https://www.zerohedge.com/political/one-chart-kill-medicaid-lies-good

It shows Medicaid spending levels starting in 2010. What do you see? Spending was increasing at a fairly steady rate until 2021, when Joe Biden massively expanded the program. Not only did spending jump upward, but Biden set Medicaid on a permanently higher spending track.

But the lie about “slashing” and “gutting” is even bigger than that.

Look at the dashed line. That’s the trend line for Medicaid spending in the decade before Biden, extended out for the next decade.

What do you notice? First, you will notice the scale of Biden’s spending increase. But more interesting is the fact that Medicaid spending under the OBBB will continue to be higher than the trend line… until 2034. (Even we were surprised by this.)

The analysis typically distinguishes between a reduction in the *rate of growth* of spending and an actual *decrease* in total spending. It aims to clarify the financial trajectory of the Medicaid program based on government budget figures.

 

 

 

Trump: Putin Will End War When Oil Drops Another $10, Russian Econ In Trouble

https://www.zerohedge.com/energy/russias-economy-stinks-drop-energy-prices-will-make-putin-stop-killing-people-trump-says

“If energy goes down enough, Putin is going to stop killing people,” President Trump said in a fresh interview on CNBC Tuesday.

“Putin will stop killing people if we get energy down another $10 a barrel. He’ll have no choice because his economy stinks.” The stark comments come days ahead of the White House’s Friday August 8 deadline for President Putin to commit to peace in Ukraine.

Trump in the media appearance put India on notice too, saying: “They’re buying Russian oil, they’re fueling the war machine. If they’re going to do that, then I’m not going to be happy.”

He pledged to soon raise tariffs on India “very substantially” over the ongoing Russian oil purchases. And yet these threats from Washington have so far failed to deter Russia, China, or India.

Commenting on increased production on the part of OPEC countries and others, Trump stipulated that he expected additional declines ahead – putting the squeeze further on Russia.

“If you notice OPEC and OPEC+, they’re drilling more because I think they want me happy,” Trump said further, after OPEC+ agreed over the weekend to raise oil production by 547,000 barrels per day for September.

 

BLS Job Data or Just BS Data?

If the data is wrong, what is the value of Data-Driven management other than to brow-bear us?

https://www.zerohedge.com/economics/fed-says-it-data-driven-data-isnt-any-good

It’s been a big week for “the data.” At Wednesday’s FOMC press conference, Fed Chair Jerome Powell announced that the Fed was holding its policy interest rate steady at the current 4.5 percent. Powell noted that there was no need to cut the rate because the job market is “solid.” Powell engaged in the usual song and dance of declaring that the Federal Reserve’s monetary policy is data-driven or “data-dependent” and assured the attending members of the press that FOMC policy is carefully implemented in accordance with federal employment data (among other data points). 

 

 

 

Nuclear Reactor on the Moon?

https://www.zerohedge.com/geopolitical/trump-administration-fast-track-nuclear-reactor-moon

With an eye on beating Russia and China to the punch, the Trump administration is about to announce plans to fast-track the building of a nuclear fission reactor on the moon. NASA administrator Sean Duffy, who is also Transportation Secretary, is expected to announce the expedited program this week, according to documents obtained by Politico. 

“To properly advance this critical technology to be able to support a future lunar economy, high power energy generation on Mars, and to strengthen our national security in space, it is imperative the agency move quickly,” wrote Duffy in a directive issued Thursday. 

 

 

China Disrupting US DoD Supply Chains For Minerals

https://www.zerohedge.com/military/chinas-grip-critical-minerals-disrupts-us-defense-supply-chain

“We can de-risk but not decouple,” he told the Financial Times, adding that he thinks this is the case “for everybody.”

“Think about the $500bn of trade that goes from China to the US every year. More than 95 per cent of rare earth materials or metals come from, or are processed in, China. There is no alternative,” he said. 

Fast forward two years later – and China’s recent curbs on the export of critical minerals are rippling through the U.S. defense supply chain, slowing production schedules and sending manufacturers on a global search for scarce materials needed in everything from munitions to fighter jets.

(And of course, last month ZeroHedge premium subs were treated to “The Coming Rare Earth Revolution And How To Profit” – full of names that have exploded higher since publication…)

In short, amid a surge in U.S.-China trade tensions earlier this year, Beijing tightened its control over rare earth exports. Those shipments resumed after the Trump administration reached a set of trade concessions in June, however China has kept a firm hold on materials destined for defense use. Accounting for roughly 90 percent of the world’s rare earth output – and dominating the supply of other strategic minerals – China has also barred the sale of germanium, gallium and antimony to the United States since December. The three metals are essential for bullet hardening, night-vision optics and other military applications, the WSJ reports.

For others, the bottleneck has already meant missed deadlines. One drone-parts maker supplying the U.S. military delayed orders by as much as two months while hunting for non-Chinese sources of magnets, which are produced from rare earth elements. Traders say prices for some materials have multiplied several times over; samarium, used in high-temperature magnets for jet engines, has been offered at 60 times its typical price.

 

 

Guatemalan First

https://www.zerohedge.com/political/rep-ramirez-under-fire-after-declaring-im-proud-guatemalan-im-american

Democrat Rep. Delia Ramirez (D., Ill.) is locked into a fierce fight with the White House over controversial remarks at the second annual Panamerican Congress held in Mexico, including declaring, “I’m a proud Guatemalan before I’m an American.”

Ramirez does not deny making the remarks but insists that there is a double standard for “my white colleagues [who] identify as Irish-American, Italian-American, or Ukrainian-American to honor their ancestry.”

Ramirez was also criticized for her criticism of the United States as being “addicted to war” and threatening the world with its “imperialism, militarization, conquest, control, competition in its attempt at domination.”

The White House criticized Ramirez as well as the appearance of other high-profile Squad members, Reps. Ilhan Omar (D-MN) and Ayanna Pressley (D-MA): “These Democrats’ comments are despicable and underscore their commitment to putting Americans last.”

 

 

Big Balls and Grit

https://twitter.com/EricLDaugh/status/1952874945090076878

More Than Just A Coder

https://twitter.com/EricLDaugh/status/1952873471278555515

Abbott Acts To Remove Democrats

Joe Walsh, They Say I’m A Crazy But Commies Have a Good Time

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