Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

Zelensky Casually Threatens to Unleash Ukrainian Military on Hungary’s Viktor Orbán for Blocking €90 billion EU Aid

A new war on the horizon?

Hungary’s Viktor Orbán and Ukraine’s Volodymyr Zelensky have been clashing for years, over a number of issues, but most importantly, because Budapest does not support Kiev’s membership in either NATO or the EU.

Orbán has repeatedly said that Ukraine does not fulfill the conditions for membership in the organizations, and furthermore, its participation would ‘bring the war’ to Europe.

These stances, needless to say, caused Orbán to be seen as an enemy of Zelensky’s regime – to the point where Kiev’s ruler, having repeatedly offended the Hungarian president, now half-jokingly threatens Orbán’s life in public.

The reason for the recent escalation is energy.

Orbán and his government accuse Ukraine of cutting the supply of Russian oil flowing through the Druzhba (‘Friendship’) pipeline to Hungary and Slovakia, threatening their energy security.

Ukraine says that the pipeline was destroyed by a Russian strike – again, insanely suggesting Russians would destroy their own pipelines, like they did when the Nord Stream was destroyed.

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US offensive on Iran burned through an estimated $779M on first day

US forces spent an estimated $779 million, or about 0.1% of the entire 2026 US defense budget, during the opening 24 hours of its offensive against Iran, according to estimates and data compiled by Anadolu.

The US’ CENTCOM confirmed that the massive deployment included B-2 stealth bombers, F-22, F-35, and F-16 fighter jets, A-10 attack aircraft, and EA-18G electronic warfare planes. The operation also utilized MQ-9 Reaper drones, nuclear-powered aircraft carriers, guided-missile destroyers, and Patriot and THAAD missile defense systems.

Four B-2 stealth bombers, flying non-stop from Whiteman Air Force Base in the US state of Missouri, struck targets using 2,000-pound (907-kilogram) Joint Direct Attack Munitions (JDAMs), according to CENTCOM. Known for high maintenance requirements and a 40,000-lb (18,143-kg) payload capacity, the B-2 operations alone accounted for an estimated $30.2 million, based on flight hours, maintenance costs, and munition requisitions data from the US Defense Department’s 2025 and 2026 budget requests.

CENTCOM’s buildup of various fighter jets of F-18s, F-16s, F-22s, and F35s contributed to the initial strikes, according to a post by CENTCOM on US social media company X. Based on flight hours, maintenance costs, and munition requisitions data from the 2025 and 2026 US department budget requests, these sorties cost an estimated $271.34 million.

Specialized aircraft, including the EA-18G Growler, A-10C Thunderbolt, and the MQ-9 Reaper, played a critical role alongside the Low-cost Unmanned Combat Attack System (LUCAS). When factoring in P-8 Maritime Patrol aircraft, RC-135 reconnaissance planes, and aerial refueling tankers, as well as land-based HIMARS batteries, the cost for the combined air and ground assets, including the fighter jets, reached approximately $423.57 million.

The two US carrier groups in the region, the USS Abraham Lincoln and USS Gerald R. Ford, also took part in the attack. The cost of operating the aircraft carriers along with their contingent of destroyers and littoral combat ships is estimated to come to $15 million a day.

Additionally, CENTCOM also released videos of its navy deploying scores of Tomahawk cruise missiles. While exact numbers remain classified, estimates suggest that roughly 200 Tomahawks were fired, totaling $340.4 million in munitions costs.

Combining these expenses, the total estimated cost for the U.S. strikes conducted last Saturday alone stands at $779.174 million, or some 0.1% of the 2026 US defense budget.

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Trump’s Plan To Escort Ships Through Strait Of Hormuz Would Put U.S. Navy Warships In The Crosshairs

U.S. Navy could soon be escorting commercial ships through the Strait of Hormuz, where maritime traffic has effectively stopped due to the current conflict with Iran, according to President Donald Trump. Doing so would demand that American naval vessels transit through the Strait, shifting them away from other duties. More importantly, it would also mean putting them right in a super weapons engagement zone full of Iranian threats that could include cruise and ballistic missiles, one-way-attack drones, explosive-laden kamikaze boats, and naval mines.

“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” President Trump wrote in a post on his Truth Social social media network.

“Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf,” he also wrote. “This will be available to all Shipping Lines.”

“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH,” he added. “More actions to come.”

U.S. Central Command declined to comment when reached for more details. TWZ has also reached out to the White House.

The Strait of Hormuz, which links the Persian Gulf and the Gulf of Oman, is just 20 nautical miles across at its narrowest point. A significant portion of the waterway falls within Iran’s national waters, which also overlap with those of Oman to the south. Under normal conditions, maritime traffic flows in and out through a pair of established two-mile-wide shipping lanes. Each year, roughly one-fifth of all global oil shipments, and an even higher percentage of seaborne shipments, pass through this one waterway. It is also a major conduit for liquid natural gas exports. Some 3,000 ships, including tankers and container ships, pass through each month.

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Miami GOP Secretary’s Group Chat Pushes Antisemitism, ‘Killing N-ggers’

The recent uptick in antisemitic and racist language being disseminated by younger GOP activists nationwide has largely been fueled by a younger generation that follows extremist online influencers like Tucker Carlson and Nick Fuentes, and Republican gubernatorial candidate James Fishback.

It appears this has now spread to the Miami-Dade Republican Party.

In a disturbing series of group chat entries obtained by The Floridian, Miami GOP Secretary Abel Alexander Carvajal ran a group chat in which the N-word was used over 200 times and members celebrated the removal of an African-American activist from the FIU College Republicans.

Carvajal’s chat, titled “Uber Retards Yapping Inc.,” gives a shocking glimpse into the GOP’s younger element of college students who espouse hateful ideas. Even more concerning are the chat’s members: Carvajal, who is Secretary of the Miami-Dade GOP; Dariel Gonzalez, who is the FIU College Republicans Membership Director; and Ian Valdes, the FIU Turning Point chapter president.

For months, Carvajal created and served as the administrator of the chat. Many times he participated in the conversations. At no point did Carvajal close the chat or attempt to calm the narrative. He labeled his own control of the chat as “MaoTze Abel,” a joking reference to dictator Mao Zedong.

The chat goes beyond racist language. Sources have confirmed that Carvajal has recruited members of this racist and antisemitic element into the Miami-Dade GOP to serve as committeemen and committeewomen.

“Total Negro Death!” shouts Dariel Gonzalez, who has recently applied to become a GOP committeeman.

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Hegseth Brags of Mass Killings

Secretary of War Pete Hegseth on Wednesday boasted of the “death and destruction” the U.S. military can rain down on Iran, as reports say that U.S. and Israeli airstrikes have killed over 1,000 Iranian civilians in just four days.

Hegseth said at a press briefing that the U.S. and Israel should soon have “complete control of Iranian skies” and that it would mean “Iranian leaders looking up and seeing only U.S. and Israeli airpower.”

“Every minute of every day until we decide it’s over, and Iran will be able to do nothing about it. B-2s, B-52s, B1s, Predator drones, fighters controlling the skies, picking targets, death and destruction from the sky all day long,” he added.

[As the Pentagon is reportedly seeking an additional $50 billion to wage its unauthorized war on Iran] Hegseth said the war wasn’t meant to be a “fair fight” and mentioned that the administration has loosened the rules of engagement for the military.

“Our war fighters have maximum authorities granted personally by the president and yours truly. Our rules of engagement are bold, precise, and designed to unleash American power, not shackle it. This was never meant to be a fair fight. And it is not a fair fight. We are punching them while they’re down, which is exactly how it should be,” he said.

Hegseth said that in the attack on Iran, which he has dubbed “Operation Epic Fury,” the U.S. military has “delivered twice the air power of ‘Shock and Awe’ in 2003,” referring to the massive bombing campaign that opened the U.S. invasion of Iraq. Chairman of the Joint Chiefs of Staff Gen. Dan Caine said at the conference that the U.S. had hit over 2,000 targets inside Iran so far.

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BRICS “Unit” May Bring the World One Step Closer to Global Currency

The BRICS alliance, originally formed in 2009 by Brazil, Russia, India, and China, with South Africa added in 2010, has evolved into a significant geopolitical and economic bloc. In a major expansion in 2024, the group welcomed four new members: Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE). Indonesia joined later, in 2025. This enlargement, referred to as BRICS+, now encompasses countries accounting for approximately 46 percent of the global population — more than 3.6 billion people — and about 35 percent of world GDP, surpassing the G7 in economic weight when adjusted for purchasing power parity. The expansion aims to amplify the group’s influence in global governance, challenge Western-dominated institutions such as the International Monetary Fund and World Bank, and promote multipolarity in international affairs.

Reducing Reliance on the U.S. Dollar

The motivations behind this growth stem from shared frustrations with the U.S.-led financial system, including vulnerability to sanctions and dollar dominance in trade. New members bring diverse strengths: The UAE contributes oil wealth and a financial hub, Iran adds strategic depth in the Middle East, and Egypt, Ethiopia, and Indonesia represent resource-rich areas.

Amid this expansion, BRICS+ has pursued financial innovations to reduce reliance on the U.S. dollar. A key development is the “Unit,” a prototype gold-backed digital settlement instrument unveiled in December 2025. Developed by the International Research Institute for Advanced Systems (IRIAS) in Russia, the Unit is not a full-fledged currency but a blockchain-based unit of account for cross-border trade and investments among BRICS+ nations. It is backed by a fixed reserve basket: 40 percent physical gold and 60 percent made of a weighted mix of BRICS currencies, including the Chinese yuan, Russian ruble, Indian rupee, Brazilian real, and South African rand. This structure echoes historical ideas such as John Maynard Keynes’ “bancor,” and may represent something even more consequential: a gradual shift away from a world in which a single national currency — the U.S. dollar — functions as the primary global reserve asset.

History of a Global Unit of Account

To understand the significance of this moment, it helps to look back to 1944 and the Bretton Woods conference. As economic journalist Ed Conway recounts in his book The Summit, British economist John Maynard Keynes proposed the creation of the aforementioned supranational currency called the “bancor.” Unlike the dollar-centered system that ultimately emerged, Keynes envisioned a global unit of account issued by an international clearing union. This bancor would not belong to any one country; it would be multinational, neutral, and designed to reduce global imbalances by discouraging both persistent deficits and persistent surpluses.

Keynes’ proposal was rejected. Instead, the postwar order placed the U.S. dollar at the center of the international monetary system — a national currency serving as a global reserve asset. Even after the collapse of the gold standard in 1971, the dollar retained its central role in trade settlement, commodity pricing, and sovereign reserves. For decades, that arrangement appeared stable. But the rise of China, the expansion of emerging markets, and the increasing use of financial sanctions have exposed structural tensions in a dollar-centric system. Countries subject to sanctions, or concerned about their vulnerability to dollar-clearing networks such as SWIFT (the Society for Worldwide Interbank Financial Telecommunication), have sought alternatives.

Recent BRICS discussions about cross-border payment systems, settlement in local currencies, and the creation of new financial instruments reflect a shared desire to reduce dependence on the dollar. Proposals for a digital, commodity-linked unit of account recall aspects of Keynes’ bancor: a reserve mechanism not tied exclusively to one sovereign state.

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They Track Every Dollar You Move. They Ignored $378 Million of Epstein’s.

Try to wire $15,000 to a foreign bank account sometime.

You’ll be asked to fill out compliance forms explaining the purpose of the transfer. Your bank’s compliance department will review the transaction. A Currency Transaction Report will be filed with the Financial Crimes Enforcement Network. And depending on the bank, you may receive a follow-up phone call asking you to further justify why you’re moving your own money.

Try to open a bank account overseas and it gets even more fun. Under the Foreign Account Tax Compliance Act, or FATCA, every foreign bank on Earth is required to report American account holders to the Internal Revenue Service. The paperwork burden is so heavy that thousands of foreign banks have simply stopped accepting American clients altogether.

Deposit $10,000 in cash and the government automatically files a report. Split it into two deposits of $5,000 to avoid that report and you’ve committed a federal crime called “structuring” — punishable by up to five years in prison.

This is the financial surveillance infrastructure that every American lives under. It was built over decades, starting with the Bank Secrecy Act in 1970 and expanded massively by the Patriot Act after 9/11. We are told it exists to catch money laundering, drug trafficking, terrorism financing, and financial crimes.

Yet over twelve years, Jeffrey Epstein moved $378 million across 270 wire transfers without a single flag.

Bank of New York Mellon — one of the oldest and largest financial institutions in America — processed every one of them. At least 18 were round-dollar $1 million wires in 2007 alone — textbook structuring.

The bank’s own compliance review could not identify a legitimate business purpose for any of the 270 transactions. And no Suspicious Activity Report was filed until 2019 — only after Epstein had been arrested on federal sex trafficking charges.

More than a decade passed between when the transactions occurred and when regulators were notified.

This wasn’t an isolated case, either. Both JPMorgan Chase and Deutsche Bank settled lawsuits related to their Epstein banking relationships. The pattern was identical: process the money, ignore the red flags, settle quietly later.

But while the banks were asleep, another arm of the government was not.

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So-Called ‘Moderate’ San Francisco Mayor Signs Ludicrous Reparations Scheme That Could Award Each Black Resident $5 MILLION

The People’s Republic of San Francisco has decided to enshrine race-based reparations into law with the help of their alleged ‘moderate‘ mayor.

As the Daily Mail reported, San Francisco Mayor Daniel Lurie gave black residents of his city an early Christmas gift by signing a reparations bill that could grant each one of them a whopping $5 MILLION in reparations. The legislation was signed on December 23.

Per The Daily Mail, here is how this scheme will unfold:

The ordinance establishes a reparations fund, as recommended by the city’s African American Reparations Advisory Committee (AARAC) in its 2023 report.

The legislation establishes the fund but does not allocate any money to it, setting up the framework for any future contributions, whether they be through the city or privately donated.

The AARAC is tasked with developing ‘recommendations for repairing harm in our black communities,’ according to its website. Per the 2023 report, every eligible African-American adult in San Francisco should be handed a $5 million lump sum to ‘compensate the affected population for the decades of harm that they have experienced.’

Approximately 50,000 black people live in San Francisco, and the qualifying requirements remain unclear.

This move also comes despite the city facing a whopping $1 billion budget deficit. But this did not deter Lurie in the slightest.

“For several years, communities across the city have been working with the government to acknowledge the decades of harm done to San Francisco’s black community,” Lurie wrote.

“While that process largely predates my administration, I am signing the legislation to create this fund in recognition of the work of so many San Franciscans and the unanimous support of the Board of Supervisors.”

Roughly a week before Lurie signed off on the plan, the city’s Board of Supervisors voted in favor of it.

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Beyond Oil: How The Iran War Could Send Food Prices Soaring

In the wake of U.S. and Israeli strikes on Iranian military infrastructure, the financial press has reflexively focused on oil. Tanker traffic, Brent crude, and the risk of triple-digit prices dominate the discussion.

But oil is not the only commodity posing a serious long-term risk.

Another deep vulnerability runs through natural gas—and from there into nitrogen fertilizer. If commercial shipping through the Strait of Hormuz were significantly restricted, the impact would extend beyond fuel markets. It would reach directly into global food production.

That’s because the Gulf region is not just a major energy exporter. It is one of the world’s most important suppliers of nitrogen fertilizer—the foundation of modern agricultural yields.

The Energy Behind the Food System

Nitrogen fertilizer begins with natural gas. Through the Haber-Bosch process, methane is converted into ammonia, which is then upgraded into urea and other nitrogen products. In practical terms, nitrogen fertilizer is natural gas transformed into plant food.

Roughly half of global food production depends on synthetic nitrogen. Without it, crop yields would decline sharply.

Globally, about 180 million metric tons of nitrogen fertilizers are consumed each year (measured in nutrient terms). Of that, roughly 55 to 60 million metric tons of urea move through international seaborne trade annually. The Middle East accounts for approximately 40% to 50% of that traded volume.

And nearly all of those exports must transit the Strait of Hormuz.

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Europe Is Building a Digital Identity System for 450 Million People

The European Union is quietly constructing what may become one of the most sweeping digital identity systems ever attempted. Under new legislation, every EU member state must provide citizens with a government-approved “European Digital Identity Wallet” by 2026. This system will allow people to store official documents, verify identity, access government services, sign legal contracts, and potentially interact with financial institutions through a single digital platform. It is being marketed as a modernization effort designed to make life easier for citizens navigating an increasingly digital economy.

Supporters claim the digital wallet will simply replace physical paperwork. Instead of carrying passports, driver’s licenses, or other credentials, individuals will be able to verify their identity online with a government-issued digital key. The European Commission argues that this will streamline bureaucracy and allow citizens to interact with both public and private services more efficiently across all 27 member states.

Yet the implications extend far beyond administrative convenience. Once identity becomes centralized within a digital framework controlled or approved by government authorities, participation in everyday life increasingly depends on that system. Access to banking, employment verification, healthcare services, travel documentation, and legal contracts can all be integrated into the same identity infrastructure. What begins as a convenience quickly becomes a gateway through which access to modern society is managed.

Governments have always maintained population registries in one form or another. What makes digital identity systems fundamentally different is the speed and scale at which they operate. When identification becomes digitized and interconnected across borders, the ability to monitor economic and social activity expands dramatically. Identity verification can occur instantly, records can be updated in real time, and information can be shared between institutions with unprecedented efficiency.

This development becomes even more significant when viewed alongside other technological initiatives currently underway in Europe. The European Central Bank continues to explore the creation of a digital euro, a central bank digital currency that would exist entirely within electronic financial systems. If digital identity platforms and digital currency systems eventually intersect, financial activity and identity verification could become closely linked within the same infrastructure.

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