Noem Awards TSA Staff $10,000 Bonuses For Working During Shutdown Noem Awards TSA Staff $10,000 Bonuses For Working During Shutdown Homeland Security Secretary Kristi Noem $10,000 bonus checks on Nov. 13 to thousands of frontline Transportation Security Administration (TSA) officers who stayed on the job during the federal government shutdown. About 47,000 agents who worked through the 43-day despite not getting paychecks will be awarded a bonus along with back pay, according to Noem. image “We are going to not only continue their paychecks like they should have received all along, but also they’re going to get a bonus check for stepping up, taking on extra shifts, for showing up each and every day, for serving the American people,” Noem said at a news conference at George Bush Intercontinental Airport in Houston. The officers were thanked for taking seriously every day the mission of the Department of Homeland Security, “and that’s keeping the American people safe while they go and commute across the country, and while they do their work and business and take care of their families,” Noem added. A couple of the officers were singled out for their “exemplary” service and for taking on more hours and shifts during the shutdown. “They were examples to the rest of the individuals that worked with them, and endured those hardships and continued to shine a light on what is special about America,” Noem said. Noem added that she would be looking at all TSA officials who worked during the shutdown and would recognize their efforts with a bonus check to get them back on their feet. She noted that TSA agents who missed work or called out sick were not necessarily exempt from receiving the bonus, saying that “people were not just inconvenienced but they were also damaged and harmed” by the government shutdown. “What I’m so proud of today … is the outstanding patriotism and service of our TSA officers and officials that stepped up every single day,” Noem said. She also recognized the public and private companies that stepped up during the shutdown. “We still saw the best of America,” she added. “We saw people come together, support each other, take care of each other, and go above and beyond to make sure the mission of the Department of Homeland Security was fulfilled.” The department worked late Wednesday night to complete administrative paperwork to start paying TSA agents the backpay they earned during the shutdown, Noem added. image TSA Precheck entry at San Diego International Airport on Oct. 26, 2024. Jane Yang/The Epoch Times President Donald Trump Wednesday night  passed by Congress to fund the government until January, bringing an end to the longest government shutdown in U.S. history. The Trump administration has implemented measures this year to help speed up TSA lanes in airports, including allowing passengers to leave their shoes on when going through the scanners. The department also plans to implement veteran, military, and family lanes, according to Noem. Fri, 11/14/2025 - 13:40
Key Ocean Current Faltering, Raising Risk Of "Ice Age"-Like Cooling Key Ocean Current Faltering, Raising Risk Of "Ice Age"-Like Cooling And just like that we're free from climate hysteria and worried about a new "ice age"...Funny how that works, isn't it?  A new study in Communications Earth & Environment warns that a key Atlantic current could near collapse within decades, potentially triggering an “ice age” scenario and major sea-level rise, . The research, from the Chinese Academy of Sciences’ Institute of Oceanology and UC San Diego, focuses on the Atlantic Meridional Overturning Circulation (AMOC), the “conveyor belt of the ocean” that includes the Gulf Stream and helps keep Europe, the U.K., and the U.S. East Coast relatively mild. image The that the study argues that warming temperatures are melting the Greenland ice sheet, sending freshwater into the North Atlantic and slowing the AMOC. Researchers say they’ve detected a related “distinctive temperature fingerprint” several thousand feet below the surface. “Here we identify a distinctive temperature fingerprint in the equatorial Atlantic that signals the Atlantic Meridional Overturning Circulation change,” they wrote, adding that its “robust physical mechanism and reliable detection make [this fingerprint] a valuable metric for AMOC monitoring in a warming climate.” image Using the MITgcm climate model and ocean data back to 1960, the team concludes the AMOC has been weakening since the late 20th century and could collapse before 2100. If that happened, Europe could face drastic cooling — possibly nearly 60 degrees — and drier conditions. As Jonathan Bamber told the Daily Mail, “Winters would be more typical of Arctic Canada and precipitation would decrease, also.” Reuters notes the AMOC last collapsed before the Ice Age ended roughly 12,000 years ago. Fri, 11/14/2025 - 05:45
'Sarajevo Safari': Italy Probes Claim That Wealthy Tourists Paid To Go To Bosnia To Snipe Civilians 'Sarajevo Safari': Italy Probes Claim That Wealthy Tourists Paid To Go To Bosnia To Snipe Civilians Various reports including in The Guardian and European outlets have detailed one of the most shocking 'war tourism' stories in a long time. The reports claim people in the 1990s paid large sums of money to travel to the Balkans, where they didn't just observe the long-running Yugoslav wars, but picked up rifles and shot people for 'sport'. Italian prosecutors are investigating the shocking allegations that wealthy foreigners paid many tens of thousands of dollars to act as "weekend snipers" and shoot civilians during the siege of Sarajevo in the early to mid-1990s. image Travelers from Italy, the United States, Russia, and other countries allegedly went to Bosnia during the war to fire on residents of the besieged city "for entertainment". They are said to have paid money to soldiers belonging to the army of Bosnian Serb warlord Radovan Karadžić, who was decades later convicted of crimes against humanity at the Hague. Serbian authorities have vehemently denied the sensationalist allegations related specifically to the years-running siege of Sarajevo from 1992 to 1996 which took over 11,000 lives. Prosecutors in Milan are now working to identify the Italian citizens allegedly involved. Statements indicated they will include potential charges of "premeditated murder aggravated by cruelty and vile motives." There's reason for skepticism, however, given some of the specifics seem hard to believe and over-the-top, and given Balkan conflicts have notoriously been clouded in wartime propaganda and enduring historical : The Milan complaint was filed by journalist and novelist Ezio Gavazzeni, who describes a "manhunt" by "very wealthy people" with a passion for weapons who "paid to be able to kill defenseless civilians" from Serb positions in the hills around Sarajevo. Different rates were charged to kill men, women or children, according to some reports. While there have long been rumors of such things taking place, the current investigation into this in northern Italy is due largely to a prominent journalist who has has sought to revive a formal probe by submitting his own 17-page report to : Ezio Gavazzeni, who usually writes about terrorism and the mafia, first read about the sniper tours to Sarajevo three decades ago when Italian newspaper Corriere della Sera reported the story, but without firm evidence. He returned to the topic after seeing "Sarajevo Safari", a documentary film from 2022 by Slovenian director Miran Zupanic which alleges that those involved in the killings came from several countries, including the US and Russia as well as Italy. image The reality is that for the bulk of the historic siege few people could move in or out of the city's environs or outskirts, and various layers of snaking checkpoints and barriers were erected and staffed also by foreign troops at times. For example, the BBC concludes with a lengthy case for : However, members of the British forces who served in Sarajevo in the 1990s have told the BBC that they never heard of any so-called "sniper tourism" during the Bosnian conflict. They indicated that any attempts to bring in people from third countries who had paid to shoot at civilians in Sarajevo would have been "logistically difficult to accomplish", due to the proliferation of checkpoints. British forces served both inside Sarajevo and in the areas surrounding the city, where Serb forces were stationed and they saw nothing at the time to suggest that "sniper tourism" was taking place. One soldier described the allegations that foreigners had paid to shoot at civilians as an "urban myth". The war was tragic and brutal enough to need no exaggeration, and this could in the end be an attempt of some prosecutors, journalists, and documentary film-makers to make a name for themselves by re-presenting rumors which makes for loud and curiosity-evoking headlines. Thu, 11/13/2025 - 02:45
$100 Million Corruption Scandal Rocks Ukraine; Zelensky Associate Flees Country Before Police Raids $100 Million Corruption Scandal Rocks Ukraine; Zelensky Associate Flees Country Before Police Raids In yet another sign of the rampant corruption in Ukraine, Ukrainian security forces raided the apartment of Timur Mindich, a businessman associated with President Volodymyr Zelensky. However, the oligarch had already left the country just hours before, likely after being tipped off by an insider. image Ukraine’s National Anti-Corruption Bureau (NABU) says that $100 million is believed to have been siphoned off due to a “money laundering operation,” and other associates were involved. The 15-month investigation featured 1,000 hours of wiretapping and resulted in 70 raids, according to NABU. There are numerous reports speculating that Mindich, https://kyivindependent.com/who-is-timur-mindich/  and just celebrated his birthday there, fled to Israel, but so far, most media reports do not disclose his destination country. In a statement, NABU indicated that several individuals had formed a criminal gang and built “a large-scale corruption scheme to influence strategic enterprises in the public sector, in particular Energoatom.” The scheme involved forcing Energoatom’s counterparties to pay kickbacks of approximately 10 to 15 percent of contract values in order to avoid having payments for services or goods blocked, or possibly losing their status as suppliers, the bureau reported. NABU indicated that the raids and arrests were a part of an operation code-named “Midas,” with the initial investigations already launched in 2024. “Particular attention was paid to cryptocurrencies. Most operations, including cash withdrawals, took place outside Ukraine. For example, during foreign delegations of representatives of state bodies and the management of state-owned energy sector enterprises,” NABU notes. Zelensky’s deep ties with potential fugitive In a sign that Ukraine’s love affair with Zelensky may be over, the https://kyivindependent.com/who-is-timur-mindich/ , writing: Mindich, 46, is from the city of Dnipro in central Ukraine. He is a film producer and former business partner of Ukrainian oligarch https://kyivindependent.com/tag/ihor-kolomoisky/ . He reportedly has links to Israel. Mindich celebrated his birthday in Israel in September, returned to Ukraine in mid-October and then went to Israel again, according to Ukrainska Pravda’s sources. Mindich is also a long-time friend of Zelensky, with whom he co-owned production company Kvartal 95 until Zelensky transferred his stake to partners after being elected president in 2019. Mindich also   Green Family Ltd, a Cypriot firm that co-founded film production companies in Russia, according to Radio Free Europe/Radio Liberty (RFE/RL). Kolomoisky   Ukrainska Pravda in 2022 that Mindich had introduced him to Zelensky before he became president. In 2019, Zelensky   an armored car provided by Mindich, RFE/RL reported. Notably, Zelensky ran into serious hot water with the entire European Union when he attempted to eliminate NABU’s independence, which sparked outrage in Brussels. At the time, it  . Zelensky was forced to backtrack, but the investigation into his associate may have played a vital role in Zelensky’s efforts to neuter NABU. As part of the investigation, NABU and the Special Anti-Corruption Prosecutor’s Office (SAP) released excerpts from audio recordings featuring conversations between individuals using the pseudonyms “Rakieta,” “Tenor,” and “Karlson.” They discussed investments in the energy sector, the distribution of bribes, and potential personnel changes within the Ministry of Energy and Enerhoatom itself. According to reports from the website “Ukrainska Pravda,” the suspects include Mindich as well as Justice Minister Herman Halushchenko, whose home was also searched. He previously served as energy minister. “This morning, an extraordinary session of the government was held. A decision was made to suspend Herman Halushchenko from performing the duties of the minister of justice,” Svyrydenko said in a statement. President Volodymyr Zelenskyy addressed the matter in his evening address, emphasizing the need to hold those responsible accountable. “All effective measures against corruption are crucial. The certainty of punishment is essential. Enerhoatom currently provides the largest share of energy production in Ukraine. Cleanliness at this company is a priority,” Zelenskyy said. Already, three in four Ukrainians believe Zelensky is at  . This latest case is sure to ramp up pressure on his regime, which refuses to hold elections. According to a survey conducted by the Foundation for Democratic Initiatives and the Kyiv International Sociological Institute, with the support of the Prague Center for Civil Society, 77.6 percent of Ukrainian respondents blame the Ukrainian leader for endemic corruption. Notably, Hungarian Prime Minister Viktor Orbán is coming under fire from the EU for refusing to move forward with Ukraine’s EU membership, despite the fact that it is rife with corruption, is currently engaged in a war with Russia, and has abandoned democracy long ago, including canceling opposition parties, refusing to hold elections, and shutting down numerous media outlets. Russia gleeful after mass raids Russia recognizes how embarrassing the raids on Zelensky’s associate are and how potentially dangerous they are for his continued rule. Vladimir Rogov, chairman of the Commission of the Civic Chamber of the Russian Federation, stated that “Mindich is one of Zelensky’s main wallets, but not the only one. Now there is a surge of panic and fear in Zelensky’s entourage. And troubled times are coming for Zelensky himself.” He described “panic” inside Zelensky’s regime, and he said that his entourage is now accusing NABU of working with Russia. “It will look doubly ridiculous. NABU is a purely American tool for controlling funds and combating Zelensky’s exorbitant thievish appetites,” Rogov said. Wed, 11/12/2025 - 07:20
Norway Urged To Tap €1.8 Trillion Sovereign Wealth Fund To Help Ukraine Norway Urged To Tap €1.8 Trillion Sovereign Wealth Fund To Help Ukraine By Jacob Wulff Wold of Calls are mounting for Norway to use its €1.8 trillion sovereign wealth fund to help move forward the EU’s stalled €140 billion loan for Ukraine, after a Danish newspaper revived a once far-fetched idea during last month’s EU leaders’ meeting. image Five Norwegian political parties, including three backing Labour Prime Minister Jonas Gahr Støre’s next government, have now about using immobilised Russian sovereign assets to fund a €140 billion reparation loan to Kyiv. EU leaders discussed the issue on 23 October at a summit in Brussels, without reaching an agreement, as Belgium insists that other EU countries must share the legal and financial risks associated with the plan before it agrees to proceed. The assets are held by Euroclear, a Brussels-based clearing house. Last week, Støre https://www.finansavisen.no/politikk/2025/10/29/8303162/norge-i-tett-kontakt-med-eu-om-ukraina-lan a “full review” of Norway’s possible involvement. Oil-rich Norway is sitting on the world’s largest sovereign wealth fund, worth €1.8 trillion, including an €109 billion earned from soaring gas prices in 2022 and 2023 following Russia’s invasion of Ukraine. “We are paying close attention and are continuing our dialogue with EU colleagues,” state secretary at the Norwegian finance ministry, Ellen Reitan, told Euractiv. The comments come as EU countries are eyeing Russian frozen assets rather than their own budgets to meet Kyiv’s financial needs, which the International Monetary Fund estimates are around €55 billion for the next two years. Brussels intends to present options to finance Ukraine’s needs but will “intensify discussions with like-minded partners and allies … at a later stage”, a European Commission spokesperson told Euractiv. Politiken activism The push for Norway’s involvement, however, did not originate in Brussels or Oslo but in Copenhagen. As EU leaders gathered in Brussels to discuss the loan on 23 October, Politiken . “That would be great,” said Danish Prime Minister Mette Frederiksen when a Politiken reporter asked her about it some hours later in Brussels, but added that she hadn’t heard anything suggesting Oslo was considering the idea. The same reporter later asked Ukrainian President Volodymyr Zelenskyy whether he had discussed the proposal with the Norwegian leader Støre during their meeting earlier that week. Continue reading at Sat, 11/08/2025 - 10:30
Almost Half Of Humanity Is Gen Z Or Gen Alpha Almost Half Of Humanity Is Gen Z Or Gen Alpha As of December 2024, the global population has reached 8.2 billion. For the first time in history, nearly half of humanity belongs to Generation Z and Generation Alpha—the digital-native generations. This visualization, ranks the world’s population by generation, showing how age cohorts are distributed across the planet. image The data for this graphic comes from  . Generation Beta (born 2025–2039), representing less than 1% of the population, is not shown in the graphic because of limited data. Gen Alpha Becomes the Largest Generation Generation Alpha, born between 2013 and 2025, now includes roughly 2.0 billion people, or 24.4% of the world’s population. Many of them are still in primary school, but they already outnumber every other generation. Their demographic weight will increasingly shape consumer markets, education systems, and technology trends in the coming decades. The countries driving this growth are concentrated in Africa and South Asia, where   remain high. image Gen Z and Millennials Dominate the Workforce Gen Z (ages 13–28) and Millennials (ages 29–44) together account for 44% of all people—and most of the world’s workers. Millennials alone make up 1.7 billion people. The Aging Populations of Boomers and the Silent Generation At the upper end of the age spectrum, Baby Boomers (ages 61–79) represent about 12.8% of the population, while those 80 or older—the Silent Generation and older cohorts—make up just 2%. If you enjoyed today’s post, check out   on Voronoi, the new app from Visual Capitalist. Sat, 11/01/2025 - 19:25
More Than Half A Million Illegal Immigrants Deported From US: DHS More Than Half A Million Illegal Immigrants Deported From US: DHS More than 527,000 illegal immigrants have been removed from the United States so far under the Trump administration, the Department of Homeland Security (DHS) said in a on Oct. 27. “The Trump Administration is on pace to shatter historic records and deport nearly 600,000 illegal aliens by the end of President Donald Trump’s first year since returning to office. More than 2 million illegal aliens have left the U.S., including 1.6 million who have voluntarily self-deported and over 527,000 deportations,” DHS Assistant Secretary for Public Affairs Tricia McLaughlin said. “This is just the beginning. President Trump and Secretary Noem have jumpstarted an agency that was hamstrung and barred from doing its job for the last four years.” DHS the CBP Home app, which illegal immigrants can use to notify the federal government of their intention to depart the United States. image The government is currently offering illegal immigrants $1,000 and free flights to self-deport back to their home nations. This gives them a chance to come back legally. Those arrested and deported won’t be able to return to the United States, DHS said. According to the DHS, law enforcement has been removing the “worst of the worst criminal illegal aliens” from the country, including rapists, murderers, drug dealers, and pedophiles, despite facing opposition from politicians in sanctuary jurisdictions. Sanctuary from the Department of Justice (DOJ), 12 states and 18 local jurisdictions in the country are currently classified as following such policies. Meanwhile, DHS and the Immigration and Customs Enforcement’s (ICE) operations against illegal immigrants have faced widespread in places such as Portland and Chicago, which are on the DOJ’s sanctuary jurisdiction list. Currently, ICE has around 129 detention across the United States to house illegal immigrants before presenting them before an immigration judge or removing them from the country. The Trump administration has also faced legal challenges in court. For instance, President Donald Trump had the National Guard deployment in Portland. “In the face of a historic number of injunctions from activist judges and threats to law enforcement, DHS, ICE, and CBP have not just closed the border, but made historic strides to carry out President Trump’s promise of arresting and deporting illegal aliens who have invaded our country,” McLaughlin said. “Illegal aliens are hearing our message to leave now or face the consequence: Migrants are now turning back before they even reach our borders. Migration through Panama’s Darien Gap is down 99.99 percent.” Democrats Launch Investigation Democratic lawmakers have criticized the illegal immigrant crackdown initiated by the Trump administration. An Oct. 20 from the House Committee on Oversight and Government Reform said Sen. Richard Blumenthal (D-Conn.) and Rep. Robert Garcia (D-Calif.) have launched an investigation into DHS over reports of unlawful detentions of U.S. citizens and immigrants by federal agents. In a 📄.pdf to DHS Secretary Kristi Noem, the lawmakers said there have been “reports of excessive, shocking behavior by CBP and ICE agents directed at U.S. citizens.” The letter claimed that more than 170 U.S. citizens had been detained by immigration agents over the previous nine months. “The impact of these arrests has not been evenly distributed across the country, and cities like Chicago, Portland, Washington, and Los Angeles have been targeted heavily by ICE and CBP. Troublingly, the pattern of U.S. Citizen arrests coincides with an alarming increase in racial profiling—particularly of Latinos,” the letter stated. The lawmakers demanded that Noem submit certain information to the House Oversight Committee by Nov. 3, including the number of American citizens detained by CBP, ICE, or DHS since Jan. 20. DHS said in its Oct. 27 statement that 70 percent of arrests made by ICE were of criminal illegal immigrants convicted or charged with a crime in the United States. In an Oct. 21 on X, Noem said that more than 480,000 criminal illegal immigrants were arrested in the nine months under the Trump administration. “What our law enforcement has accomplished for the American people, under President Trump, is nothing short of extraordinary,” she wrote. “We will continue to fulfill @POTUS Trump’s promise to Make America Safe Again, secure our borders, and protect our people.” Tue, 10/28/2025 - 13:45
One Third Of Americans Have More Credit Card Debt Than Savings One Third Of Americans Have More Credit Card Debt Than Savings One in three Americans now have more credit card debt than emergency savings, according to the latest   by financial services company Bankrate. , this is up ten percentage points from 2011, when the company first started polling the question. Meanwhile, around 53 percent of respondents said that their savings were currently exceeding their credit card debt. This is down two percentage points from the same time last year, but slightly up from 2011. Around one in ten Americans are living paycheck-to-paycheck in 2025, not making any   or saving up money. You will find more infographics at Millennials were the most likely to say that they had tapped into their emergency savings over the past 12 months. The most common uses for emergency savings among all groups were unplanned emergency expenses, such as car repairs or medical bills, followed by monthly bills, including rent and  , followed by day-to-day expenses such as food. Mon, 10/20/2025 - 20:30
India's Largest Metals Refinery Just Ran Out Of Silver For The First Time In History India's Largest Metals Refinery Just Ran Out Of Silver For The First Time In History Shortages hit London too. The silver market is broken. image Sold Out in India, Panic in London Bloomberg comments  Key Takeaways Vipin Raina’s company, India’s largest precious metals refinery, ran out of silver stock for the first time in its history due to high demand from Indian customers. The shortages in India were soon felt globally, with the London silver market also running out of available metal, and traders describing a market that was “all but broken”. The silver market crisis was caused by a combination of factors, including a multi-year solar power boom, a rush to ship metal to the US to beat possible tariffs, and a sudden spike in demand from India, particularly during the Diwali holiday season. For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth. image But when it came, he was still blown away. At the start of last week, his company, India’s largest precious metals refinery, ran out of silver stock for the first time in its history. “Most people who are dealing silver and silver coins, they’re literally out of stock because silver is not there,” said Raina, who is head of trading at MMTC-Pamp India Pvt. “This kind of crazy market — where people are buying at these levels — I have not seen in my 27-year career.” Within days, the shortages were being felt not just in India, but around the world. India’s festival buyers were joined by international investors and hedge funds piling into precious metals as a bet on the fragility of the US dollar — or simply to follow the market’s irrepressible surge higher. By the end of last week, the frenzy had rippled across to the London silver market, where global prices are set and where the world’s biggest banks buy and sell in huge quantities. Now, it had run out of available metal. Traders describe a market that was all but broken, where even large banks stepped back from quoting prices as they fielded repeated calls from clients yelling down the line in frustration and exhaustion. This account of how the silver market broke is based on conversations with more than two dozen traders, bankers, refiners, investors and other market participants, many of whom spoke on condition of anonymity as they weren’t authorized to speak publicly. 100-to-1 Ratio When traders and analysts try to pinpoint the immediate cause of the silver crisis of 2025, they inevitably point to India. During the Diwali holiday season, hundreds of millions of devotees buy billions of rupees worth of jewelry to celebrate the goddess Lakshmi. Asia’s refineries usually meet this demand, which typically favors gold. But this year, many Indians turned to a different precious metal: silver. image The pivot wasn’t random. For months, India’s social media stars promoted the idea that after gold’s record rally, silver was next to soar. The hype began in April, when investment banker and content creator Sarthak Ahuja told his nearly 3 million followers that silver’s 100-to-1 price ratio to gold made it the obvious buy this year. His video went viral during Akshaya Tritiya, an auspicious day for buying gold — second only to the Dhanteras festival on Oct. 18. The premiums for silver in India above global prices, usually no more than about a few cents an ounce, started to rise above $0.50, and then above $1, as supplies ran short. And just as Indian demand was soaring, China — a key source of supply — closed for a week-long holiday. So bullion dealers turned to London. They soon discovered that the city’s precious metals vaults were largely sold out. While London vaults underpinning the global market hold more than $36 billion in silver, the majority of it was owned by investors in exchange-traded funds. Demand for silver ETFs has soared in recent months, amid concerns about the stability of the US dollar, a wave of investment that’s become known as the “debasement trade.” Since the start of 2025, ETF investors have hoovered up more than 100 million ounces of silver, according to data compiled by Bloomberg — leaving a dwindling stockpile available to supply the sudden boom in Indian demand. Premiums soared above $5 an ounce, well beyond the normal spread of a few cents. “I have been here in this company for the last 28 years and I have never seen these kind of premiums,” said M.D. Overseas’s Mittal. Panic in London Traders described a growing panic as liquidity dried up. The cost of borrowing silver overnight soared to annualized rates of as high as 200%, according to consultancy Metals Focus. As the big banks that dominate the London market started to step back from the silver market, bid-ask spreads became so wide as to make trading near impossible. In another sign of the disarray in the market, one trader said the big banks were offering such wildly different quotes that he was able to buy from one bank at its ask price and simultaneously sell to another at its bid for an immediate profit – a rare sign of dysfunction in such a large and competitive market. For the past five years, silver demand has outstripped silver supply from mines and recycled metal — in large part thanks to a boom in the solar industry, which uses silver in its photovoltaic cells. Since 2021, demand has outstripped supply by a total of 678 million ounces, according to the Silver Institute, with photovoltaic demand more than doubling over the period. That compares to total inventories in London of around 1.1 billion ounces at the start of 2021. The stress in the silver market has been building since the start of the year, as fears that silver would be ensnared by President Donald Trump’s reciprocal tariffs prompted traders to attempt to front-run any possible levies by shipping more than 200 million ounces of metal into New York warehouses. image On top of the tariff drawdowns, more than 100 million ounces of silver flowed into global ETFs in the year through September, as a wave of investment demand for precious metals supercharged a rally that helped drive gold through $4,000 an ounce for the first time in history. Together, the two trends drained London’s reserves, leaving dangerously little metal available to underpin the roughly 250 million ounces of silver that change hands in the London market every day. Based on Metals Focus estimates, by early October the “free float” of metal not owned by ETFs in the London silver market had dropped to less than 150 million ounces. Silver Falls More Than 6% as Precious Metals Retreat After Rally Also note  Silver fell more than 6% in its biggest drop in six months as the broad precious metals group retreated following a furious rally this week. Concerns eased over credit quality in the US and trade frictions between China and the US, which is denting haven demand for gold and silver. A historic squeeze in the silver market in London is also showing signs of easing, prompting some profit-taking by investors. I see little reason to believe we have seen the end of this rally. There is no fiscal discipline anywhere.   Despite soaring deficits and inflation well above target, the Fed is cutting rates anyway. Do you have faith in the Congress or Trump to address the deficit? Faith in the Fed? Neither do I. And neither do gold or silver. Mon, 10/20/2025 - 14:45
Ill. Gov. JB Pritzker's Tax Docs Show $10.3M Income, $1.4M In "Gambling" Gains Ill. Gov. JB Pritzker's Tax Docs Show $10.3M Income, $1.4M In "Gambling" Gains Nothing says 'in touch with working class Americans' more than casually throwing around millions at casinos...just ask Gov. JB Pritzker... Five months before Democratic primary voters hit the polls, Gov. JB Pritzker — Illinois’ billionaire governor and Hyatt heir — dropped partial tax records showing he and his wife pulled in over $10.3 million in taxable income last year, including a tidy $1.4 million from gambling, .  As usual, the release came with big numbers and small transparency: Pritzker’s campaign shared only the top pages of his returns, leaving the juicy details of his fortune (and those famously murky trusts) safely out of view. The $10.3 million haul was his biggest in years, up from $3.2 million in 2023 and $2.3 million in 2022 — though still shy of the $18.5 million in 2021. Asked about the jump, a campaign spokesperson offered the usual shrug: “Certain trusts make distributions each year…” image Those same trusts paid $4.5 million to the state and $30.2 million to the feds. The Pritzkers personally kicked in another $1.6 million in federal taxes and $512,000 to Illinois. As for that gambling income, the campaign clarified that “The Governor had winnings and losses from a casino during the year.”  Thanks for that incredible clarification. Meanwhile, his 2026 running mate, Christian Mitchell, made a modest-by-comparison $583,600. Forbes pegs Pritzker’s net worth at $3.9 billion, up a casual $200 million from last year. As for Zero Hedge readers, they appear to be skeptical. One responded to our Tweet pointing out this story by https://x.com/BrometheusPound/status/1978805679822434378 : "Kalshi prediction markets - he took the over on chicago crime." "The gambling income is definitely not bribe money laundering. Definitely not," https://x.com/manwithahammer/status/1978804935555768781 another follower: "Pritzker is gambling every time he bends over to tie his shoes." Pritzker likes to say he’s in a “blind trust,” though experts note it’s not that blind — he still gets enough info to fill out required disclosures. He’s promised to donate any profits from companies with state contracts after leaving office. The governor and his wife also gave $3.3 million to charity last year, doubling their 2023 donations. All told, Pritzker’s political spending remains as massive as his fortune — about half a billion dollars so far, including over $130 million to clobber Darren Bailey in 2022. Not bad for a guy who technically doesn’t take a paycheck from the state. Thu, 10/16/2025 - 09:25