Somehow we have convinced ourselves that AI companies that are bleeding billions upon billions of dollars are great investments because there is a possibility that someday they will eventually become profitable. But the losses just keep getting even bigger every year. Meanwhile, we are spending trillions of dollars to build even more AI infrastructure. There is no way that the AI industry is ever going to generate the sort of revenue that will justify that level of investment. What we are witnessing is a capital misallocation of absolutely epic proportions, and it is inevitable that this entire bubble is going to come crashing down. When that finally happens, it will be unlike anything we have ever seen before.

23 July 2026

Beltline Energy, a data center developer, is planning a $15 billion artificial intelligence data center campus near Yukon, Oklahoma. Residents like Pencia Truhan have expressed concerns over a lack of transparency, particularly regarding water consumption, according to reporting from NaturalNews.com. The developer barred media from meetings and asked local officials to sign nondisclosure agreements, fueling opposition.

23 July 2026

President Trump issued a series of big claims to reporters in the Oval Office on Tuesday. For starters, he asserted that Iran wants to "desperately" meet but said "we" have no interest, and that the US military is not finished at all with Iran, and so there's no interest in talking at the moment.

22 July 2026

A sterile fly production continues as the United States New World screwworm infections reach 41. Screwworm is a flesh-eating parasite that can be deadly and impact the meat supply if it is severe enough.

22 July 2026

The United States'  first war chief, Pete Hegseth, is demanding more money for the war with Iran. Hegseth is the US Secretary of War and has, so far, lived up to his title.

22 July 2026

Yemen’s Houthi rebels have vowed to take “an eye for an eye” after the Saudi Arabian government-backed strikes on the Sana’a Airport. Houthi rebels have declared a naval blockade of Saudi Arabia, marking the biggest escalation between the two sides in years. This blockade comes a week after the bombing of the airport.  Forces loyal […]

22 July 2026

Over the weekend, I traded notes with Marc Faber—global investor and editor of The Gloom, Boom & Doom Report. One snippet from our chat set the tone:

22 July 2026

I really don’t understand the tremendous apathy that I am witnessing right now. Everyone can see that commercial oil inventories are rapidly being depleted. As I discussed yesterday, the global oil market had about 400 million barrels of excess inventory before the war, and now we have “close to nothing”. But at least we still have the Strategic Petroleum Reserve, right? Yes, that is true, but that is being rapidly depleted as well. In fact, when you add the dwindling commercial oil inventories in the U.S. to the oil that is left in the Strategic Petroleum Reserve, we only have 43 days of supply remaining…

21 July 2026

United States ruler Donald Trump is backing his war-mongering efforts by saying things went worse in other wars. His full retreat into "whataboutism" is nothing more than a defensive coping mechanism designed to rally the base and save face. 

21 July 2026

As the tenth day of renewed strikes begins, the United States is mulling a plan to ignite a much wider war with Iran than it currently is engaged in. Media outlets in the US claim that Washington's war mongers are planning to enter into an all-out war with Iran's Islamic Revolutionary Guard Corps (IRGC).

21 July 2026