Tag: economy

Bessent Suggests Economic Warfare Against Iran Could ‘Blow Up the Global Financial System’

With the United States unable to militarily defeat Iran in President Donald Trump’s illegal US-Israeli war of choice, Treasury Secretary Scott Bessent on Monday escalated the administration’s economic attacks on Tehran, warning countries and companies around the world that continuing to do business with the nation could expose them to punitive sanctions.

“Let there be no ambiguity as to the position of the United States,” Bessent said during a news conference unveiling what the Trump administration is calling Operation Economic Outcast. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The “economic D-Day” campaign targets five sectors – technology, gold, aviation, shipping, and digital assets – and is intended to choke off virtually every remaining source of hard currency for Iran.

Bessent warned that it is “no longer acceptable to operate in the gray spaces” of US policy. The secretary said he anticipates the announcement of sanctions against a major financial institution as soon as next week.

Asked if Chinese banks that do business with Iran would be sanctioned, Bessent replied that “no one is above the reach of US sanctions.”

While Bessent did not say which countries would likely be targeted, China, Türkiye, and the United Arab Emirates are Iran’s biggest trading partners.

The secretary was also asked why sanctions aren’t being imposed immediately.

“Well, we are giving everyone the opportunity to remedy bad behavior,” he replied. “Why would I want to blow up the global financial system?”

“We believe that it is important to level set and give people a cure period, but they should know that that will move very quickly and that we are serious,” Bessent added. “So we believe that a warning shot and a level set of expectations is appropriate, and if people do not want to meet our expectations, then we expect – and they should expect – that they will leave the dollar system.”

Iranian officials largely scoffed at Bessent’s “economic D-Day” threat. Deputy Iranian Foreign Minister Kazem Gharibabadi asked on social media, “Is this a victory or an admission of America’s failure!?”

“You say Iran’s military capability has been ‘dismantled,’ 100% of its military factories ‘destroyed,’ and its nuclear program ‘buried’; but for this very Iran, the ‘largest financial assault in history’ and the mobilization of ‘all US institutions and authorities’ have been necessary!” he mocked.

While Trump has said the war is “over” or nearly over dozens of times, Iran currently appears to have the upper hand, as shipping has overwhelmingly avoided the US-supported route through the Strait of Hormuz, with most vessels using a course set by Tehran or avoiding the waterway altogether.

Trump’s war on Iran is proving costly not only in Iranian lives and US taxpayer dollars, but in the increasingly strained budgets of American families. Disruptions to oil shipments through the Strait of Hormuz have pushed gasoline prices above $4 a gallon nationally – roughly a dollar more than a year ago. Trump has dismissed Americans’ concerns about high fuel prices, saying $4 is “not very high” and vowing to “never apologize” for the economic pain his actions are inflicting.

That pain doesn’t stop at the pump. More expensive gasoline and diesel ripple through the economy, raising the cost of transporting food and other goods while keeping inflation elevated.

The pain is far worse for the people of Iran. Trump administration’s escalation comes as Iran’s currency, the rial, has plunged to record lows amid an economic crisis largely caused by the war and years of preceding US-led sanctions.

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Netanyahu: ‘No Deal Possible With Iran’s Savages’ — Backs Trump’s Economic Siege As Operation Economic Outcast Goes Full Force

Israeli Prime Minister Benjamin Netanyahu said on Wednesday night there can be no agreement with Iran’s leadership, describing the regime’s rulers as “savages.” The comments by Netanyahu came as the Trump administration launched a wide-ranging campaign of economic pressure against Iran.

Prime Minister Benjamin Netanyahu told an event held by Israeli settlers in the West Bank on Wednesday night that he doubted an agreement could be reached with Iran’s leadership. “I doubt an agreement can be reached with that group there, with those savages. I tell you – an agreement cannot be reached,” he said.

His remarks came as the Trump administration’s new campaign to squeeze Iran economically, dubbed “Operation Economic Outcast” by Secretary of the Treasury Scott Bessent, went into full force. Every last dime that Iran normally makes from exporting oil and shipping it around the world, from its banking system to front companies that do business on its behalf around the globe, would be targeted by the unprecedented effort to economically strangle Iran.

During his White House visit in July, Netanyahu urged Trump to “tighten the siege” on Iran. Now, the Israeli PM is reinforcing his previous position, saying that the Iranian leadership must fundamentally change or be strangled economically for good.

The Iranian maritime blacklist of 45 vessels that have allegedly flouted its rules for navigation in the Strait of Hormuz is already having an impact on global shipping. Three major Indian refineries and one global energy major told Reuters on Wednesday that they will no longer use vessels listed on the Iranian maritime black list for crude oil imports, citing security reasons.

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Wiped out: US faces surging toilet paper prices amid trade war with Canada

Using the bathroom or having a cry is about to become more expensive for North Americans as the US and Canada enter a full-fledged trade war that threatens to flush away decades of peaceful trading between the two nations.

After trade negotiations broke down between the two countries last weekend, Mark Carney, the Canadian prime minister, vowed to match US tariffs “dollar for dollar” and unveiled a list of nearly 900 American goods that will face 25% to 50% tariffs starting on 8 September.

Paper products are among the hardest-hit sectors, with Canada threatening to put tariffs of between 25% and 50% on “toilet paper or face tissue stock” from 8 September in retaliation for a 50% hike from Washington DC.

Though American toilet paper and tissues are often made domestically, they heavily rely on lumber-rich Canada for raw materials. Procter & Gamble, the owner of Charmin toilet paper, said last year that it would have to increase prices amid tariffs that were in place at the time.

The US imported $328m worth of toilet paper from Canada in 2024, according to the World Bank, making it by far the largest exporter of the product to the US. Retailers including Costco source much of their paper products from the country.

The US accounts for more than 20% of global tissue consumption despite having only 4% of the world’s population. The average American uses 141 rolls of toilet paper per year, making them No 1 for No 2s globally, just ahead of Germans, each using an average of 134 rolls annually.

It’s not just paper products that could rise in price. The trade war highlights the deep economic ties shared between the two countries as consumers continue to worry about inflation on both sides of the border.

US tariffs are specifically affecting Canadian liquor, including popular whiskey brands Crown Royal and Canadian Club, which are currently under a 50% tariff.

While Canada has not introduced a tariff on American liquor, most Canadian provinces have introduced their own bans on American alcohol, in retaliation for earlier tariffs on Canadian products. Donald Trump used these province-wide bans on American alcohol as part of his legal justification for his new tariffs against Canada.

Carney has asked province leaders to consider putting American liquor back on the shelves, though as the Nova Scotia premier Tim Houston told CBC News: “Whether Nova Scotians or Canadians will actually buy it when it’s back on the shelves, that’s a whole other discussion.”

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A lesson from the past: When governments implement food controls, people starve

How does Paris get fed? Frédéric Bastiat famously explained in ‘Economic Sophisms’ (1845) how market exchange reliably provisioned the (then) million people of Paris with agricultural produce from the countryside that they were able to enjoy “peaceful slumbers … not disturbed for a single instant …” 

In stark contrast, Bastiat predicted that there would be “much suffering within the walls of Paris – poverty, despair, perhaps starvation …” if a presumptuous minister decided to replace the market with their own decision-making for what “should be produced, transported, exchanged and consumed …”

We can appreciate Bastiat’s observation about the miraculous functioning of the market even more when we look at a time when Paris actually went hungry.

France’s Experiment in Forced Provisioning

Leading up to the French Revolution in 1789, France found itself in a precarious fiscal position. It had accumulated crippling debt from the Seven Years’ War and its support for the American colonies during their War of Independence. This heavy debt burden left the kingdom woefully unprepared to withstand the economic shocks that followed.

Economic shock came in the form of the eruption of the Laki volcano in Iceland in 1783, which contributed to climatic disruptions and poor harvests in France in the years that followed. These problems were compounded by a severe hailstorm in 1788 that devastated crops and livestock, raising prices, especially for bread, which was the main staple at the time. Increased demand for grain to support the military and its draft animals, when France declared war on Austria in 1792 (followed by war with Great Britain), pushed prices even higher. When France implemented a draft that drew agricultural workers into the military and then began requisitioning agricultural horses and wagons, the supply of grain was further reduced.

Henry Bourne, writing a two-part article in the Journal of Political Economy in 1919 about this era, notes that in the autumn of 1792, “One of the longest and most important debates [of the National Convention] was upon the best method of insuring a supply of bread at a reasonable price.” This was a problem that especially loomed over the major city of Paris. Bourne argues that the threat of starvation fuelled not only the French Revolution, but the mob mentality and interventionism that followed. As Bourne writes, “People, in a panic because they do not know where next week’s bread, meat and coal are to be found, are not likely to apply the rules of evidence to every rumour.” The French clamoured for state intervention on the “fixed idea that dearness and scarcity were the result of speculation” rather than underlying economic conditions.

Transporting grain became a risky enterprise as mobs sprang up to seize it, further decreasing the supply of grain to Paris. To add insult to injury, the transportation of grain to major cities was further suppressed by inflation, which made the issued assignats unappealing to country farmers.

The National Convention and the Paris Commune turned to “a series of ventures in price-fixing and food control” to solve the problem. Bourne notes that “price-fixing became one of the characteristic features of the Reign of Terror.” In 1793, the National Convention imposed a maximum price, or what economists today call a price ceiling, on grain. In a futile attempt to warn of the potential consequences, Pierre Vergniaud, who later that year was executed under the accusation of the radical Jacobin Maximilien Robespierre, urged that “If you destroy commerce, you decree famine.”

French attempts to deny the economic reality reflected by market prices, by attempting to suppress them, resulted in severe shortages and long lines. 

“The scheme not only failed to encourage the farmer, it threatened him with ruin,” Bourne noted. “His expenses for tools, draft animals and wages were steadily rising, but his profits were cut down, with the prospect of further losses every succeeding month.”

But politically savvy politicians blamed these disappointing outcomes on greed and used them to justify further interventions backed by the threat of imprisonment and death. The National Convention created a Commission of Subsistence and Provisioning to be the “Food Director” of France. Swarms of officials were commissioned to survey farmers’ inventories and fields in an attempt to enable government officials to redirect grain to where it was needed. Rules were issued detailing the precise percentage of bran that millers could extract and even dictated the one type of bread that would be allowed. A bread card rationing system was created but was abused as families failed to report the death of family members to continue receiving the same allotment. Bourne reports that in 1794, rations fell to a single pound of bread for each labourer and three-fourths of a pound for others, and that “it was practically impossible to obtain meat, butter, eggs, oil and other articles of food commonly regarded as necessary,” as price ceilings were extended to these items as well.

Officials attempted to appeal to the higher motives of the people, telling them that they were “brothers and that they should help” even if it meant turning over the grain needed for their family, for storage for future use, or even the seed necessary to plant the next year’s crop. This proved insufficient, however, so the officials eventually turned to force.

Bourne writes that “An attempt was made to provide for Paris by compelling every farmer to furnish within twenty-four hours sixteen bushels of wheat for each hide of land.” French dragoons were soon released upon the countryside to “scour the country” for food and to arrest any suspected hoarders. As Bourne notes, “merchants were thrown into prison upon the accusation of the first intriguer who shouted out his suspicions at a popular society. The local revolutionary committees acted as judges without appeal. To escape a similar fate, the other merchants hastened to dispose of their merchandise and did not restock.”

If a farmer had grain in the field but no labourers to gather it, labourers were drafted by local authorities. Millers and bakers in Paris were drafted and forbidden from abandoning their work without sufficient notice. Eventually, the National Convention even attempted to extend maximum price laws to the wages of labourers as well.

Despite the substantial and systematic efforts of the National Convention and the boards of the separate departments of France, Parisians and much of the rest of France went hungry under government control. In Cahors, people “were so poorly fed that they were falling in the street from sheer weakness.” In Nord, “grain of every sort disappeared from the markets …” The people of Paris would stand “with famished eyes” for hours in line “only to be told when their turn came that nothing was left.” As Bourne concludes, “If the maximum laws were meant to save the common people from want and wretchedness, they failed.”

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Functional Unemployment in USA Reaches New High

The government claims unemployment stands at 4.1%, yet a new analysis cited by CBS News found that 24.9% of American workers were functionally unemployed in July. Functional unemployment includes those who cannot find employment, people forced into part-time work because full-time jobs are unavailable, and workers earning less than $26,000 annually before taxes. Washington can call these people employed, but try paying rent, food, insurance, utilities, transportation, and medical expenses on barely $2,000 per month before the government takes its share.

The Bureau of Labor Statistics is not measuring whether people are prospering or even surviving. If you worked as little as one hour during the survey period, you can be classified as “employed.” If you have searched for months, become discouraged, and finally stop looking, the government simply removes you from the labor force. You did not find a job and your circumstances did not improve, but you cease to exist statistically. Politicians then point to the lower unemployment rate and claim their policies are working.

Functional unemployment has now risen for four consecutive months while workforce participation has moved lower. Employers reportedly eliminated 23,000 jobs in July, consumer prices rose 3.4% year over year, and wages increased only 3.2%. Therefore, the average worker lost purchasing power even after receiving a nominal raise. This is why people become angry when politicians lecture them about a strong economy. The statistics say they are employed, inflation is under control, and everything is wonderful, yet the paycheck no longer covers the monthly bills.

This is how the political establishment disguises economic decline. Inflation statistics do not reflect the actual cost of maintaining a household, GDP rises when government borrows and spends money it does not have, and unemployment declines when people surrender and stop searching for work. Every major statistic has been constructed to make government appear competent while the standard of living steadily deteriorates. They measure whether money changed hands, not whether society became wealthier.

Americans have been forced to replace income with debt. They have depleted savings, increased credit-card balances, postponed major purchases, and begun cutting necessities because discretionary spending was already eliminated. Consumer spending may represent roughly two-thirds of the economy, but consumers cannot continue spending indefinitely when prices rise faster than wages and employment becomes increasingly unstable. Credit can postpone the reckoning, but it cannot replace real economic growth.

Functional unemployment explains why Washington can proclaim prosperity while millions of Americans feel trapped in a personal recession. The economy has produced millions of positions that satisfy the government’s definition of employment but cannot provide an independent life. The political class counts the number of people receiving paychecks while refusing to ask what those paychecks can actually buy. That is poverty disguised by statistics.

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Russia’s Bank Run — When Confidence Begins to Crack

A bank does not actually have everyone’s money sitting in a vault waiting to be returned. The entire system functions because everyone assumes they will not demand their money at the same time. Once that confidence begins to crack, the numbers on a balance sheet become secondary because people want CASH.

That is what we must now watch in Russia. Russians have been pulling billions out of the banking system, with demand for physical cash accelerating dramatically this summer. According to Russian Central Bank data cited in the press, nearly $3.4 billion was withdrawn during just the first two weeks of August after approximately $7.3 billion in July and more than $4.5 billion in June. The Central Bank itself reported that cash in circulation increased by roughly 700 billion rubles during July, compared with about 500 billion in June.

This does not mean the Russian banking system is collapsing tomorrow. Nevertheless, something much more important is taking place beneath the surface. Russians are becoming nervous about leaving their money inside the financial system. Rumors have circulated that the government could eventually freeze or commandeer private deposits to help finance the war, and once people begin questioning whether they will retain unrestricted access to their own savings, government assurances become increasingly meaningless. Fear of possible seizure has become one factor driving the movement into cash, alongside drone attacks, economic uncertainty, and disruptions to electronic payments.

This is always the danger with capital controls. Russia has already demonstrated that it will restrict access to money when the state believes national interests require it. Foreign-currency withdrawals remain restricted, and accounts belonging to various foreigners from so-called “unfriendly” nations have faced controls since the war began. Putin recently relaxed some restrictions affecting foreign depositors.

People forget that money is ultimately a question of confidence in government. You can raise interest rates to 20%, offer attractive deposits, and tell everyone that the banking system is perfectly safe, but none of that matters if people begin fearing that the state itself may change the rules. The greatest threat to a banking system is not necessarily bad loans. It is the realization among depositors that their money exists inside a political system whose rules can change overnight.

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Trump slams Canada as ‘most difficult and unreasonable’ nation as trade talks collapse

Tensions flared between Washington and Ottawa after President Donald Trump took to Truth Social to challenge Canadian leadership. Calling out Ottawa as the “most difficult and unreasonable” government to negotiate with — despite its ongoing reliance on the U.S. defense umbrella — Trump doubled down on his firm stance to hold Canada accountable.

The rhetoric exemplifies an escalation in an intensifying trade conflict, coming directly on the heels of collapsed negotiations and mounting cross-border economic retaliation.

In his social media posts, President Trump called out Canada for its exploitation, spanning decades, arguing that high Canadian tariffs on American agricultural products have damaged U.S. farming operations.

Highlighting long-standing grievances, Trump also cited steep dairy import duties and a ten-year regulatory delay in certifying U.S.-made Gulfstream jets — a move he said was designed to shield Canadian aviation competitors.

Trump asserted that the U.S. has sustained an average annual trade deficit of $60 billion with its northern neighbor, declaring that Washington would no longer tolerate the unfair dynamic.

The president’s public posts follow a sudden breakdown in formal trade talks.

Canadian Prime Minister Mark Carney ordered Ottawa’s negotiating team to return home after Washington introduced terms that Canadian officials deemed “unfair and economically unviable.”

In response to the stalemate, Trump threatened to slap a 50% tariff on all Canadian cars, trucks, automotive components, and steel starting January 1, 2027. The economic threat directly targets one of the most deeply integrated manufacturing supply chains in North America, raising concerns among Canadians about rising consumer costs and disruption to regional assembly lines.

Canada responded by preparing dollar-for-dollar retaliatory tariffs on hundreds of American products. Dominic LeBlanc, the minister responsible for Canada–U.S. trade, stated that while Ottawa had hoped for a mutually beneficial agreement, the government felt that it should act to protect domestic industries from unilateral U.S. penalties.

Trump also further provoked Canadian leadership by declaring on Truth Social that the U.S. might rename Lake Ontario to “Lake America,” referencing how the nation no longer expected to conduct business with the region.

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When The Rule Of Law Fails

The Fracturing: When Marble Crumbles Beneath Velvet

Observe the edifice. Not the facade of columned grandeur that photographs well for tourist brochures, but the load-bearing structures that sustain civic order. The mortar between stones has been leaching for decades, replaced with expedient compounds that harden briefly then powder under pressure. What appears solid to casual inspection reveals, upon closer examination, the honeycombed fragility of termite-gnawed timber.

The rule of law – that abstraction upon which millions have wagered their lives, their fortunes, their sacred honor – has not been abolished. Far more insidiously, it has been instrumentalized. Transformed from constraint upon power into weapon wielded by power. The distinction matters. Abolition would provoke resistance. Instrumentalization induces learned helplessness, the conditioned response of laboratory animals who no longer attempt escape because previous attempts have been punished.

Consider the mechanism. Statutes remain on codified pages. Precedents still fill bound volumes. Theatrical performances of judicial process continue in robed solemnity. But the outcomes – the actual distribution of force, property, liberty – now proceed according to criteria that cannot be publicly acknowledged without unraveling the legitimacy upon which enforcement depends. The law has become Schrodinger’s cat: simultaneously alive and dead, its state determined only upon observation, and then retroactively justified through reasoning so tortured it would extract confessions from stone.

Heavy stillness pervades courthouse corridors where verdicts arrive prepackaged. Muffled air absorbs the footsteps of attorneys who have learned that vigorous advocacy risks bar sanctions, that certain defendants cannot be acquitted regardless of evidence, that particular prosecutions must proceed regardless of merit. Where once adversarial collision generated truth through friction, now choreographed collusion produces predetermined outcomes with the mechanical inevitability of assembly-line fabrication.

The Inversion: How Protection Became Predation

Examine the metamorphosis of institutions whose founding purpose was circumscription of state violence. Police forces established to apprehend actual predators now function as extraction mechanisms, their revenue-generation priorities transforming citizens into quarry. Courts erected to adjudicate disputes now operate as processing facilities, their dockets clogged with statutory violations that lack injured parties, their calendars dominated by plea arrangements that obviate evidentiary examination. Legislatures convened to express popular will now manufacture complexity so impenetrable that compliance becomes impossible, thereby manufacturing the criminality that justifies expansion.

The inversion is nearly complete. The FBI – originally chartered to investigate interstate criminality – now devotes substantial resources to manufacturing terrorism through entrapment of vulnerable individuals, then publicizing these manufactured plots as justification for expanded surveillance. The IRS – created to fund legitimate governance – now functions as political enforcement arm, its audit selections targeting ideological opponents with statistical improbability that defies random explanation. The regulatory apparatus – ostensibly protecting consumers – now serves as barrier to entry for competitors of established conglomerates, its compliance costs crushing small enterprise while manageable for entities that can afford dedicated compliance departments.

Each institution, examined individually, displays symptoms of capture. Examined collectively, they reveal systemic transformation. The heavy stillness of bureaucratic inertia now serves not popular interest but consolidated power. The muffled air of administrative process now muffles dissent rather than amplifying resolution. Where footsteps once dissolved into the marble floors of public buildings as citizens approached for redress, now those same footsteps echo ominously as warnings to others who might seek similar remedy.

The Dissolution: Precedents of Collapse

Historical memory – when not actively suppressed – offers instruction. Rome’s transition from republic to imperium did not occur through single coup but through incremental usurpations, each justified by emergency, each ratified by senatorial acquiescence, each establishing precedent for subsequent expansion. The Weimar Republic’s dissolution proceeded through “legal” mechanisms: emergency decrees, enabling acts, judicial appointments that transformed interpretation rather than overturning text. The Soviet Union’s constitutional guarantees – extensive on paper – provided no protection against party-state fusion that rendered law irrelevant to power.

American exceptionalism – the comforting delusion that geography or founding documents confer immunity to these patterns – has prevented recognition of their local manifestation. But the patterns are unmistakable to unprejudiced observation. Executive orders that bypass legislative process. Judicial opinions that discover meanings in constitutional text invisible to centuries of prior readers. Administrative regulations that carry criminal penalties despite absent legislative authorization. Each instance, defended as isolated necessity, contributes to cumulative precedent that transforms limited government into unlimited discretion.

The weathered limestone arches of Monticello and Independence Hall – physical remnants of founding generation aspirations – now frame populations whose understanding of those aspirations has been systematically eroded through educational institutions that treat constitutional limitations as obstacles to be overcome rather than protections to be preserved. The brutalist concrete contours of contemporary government buildings – deliberately imposing, alienating, inhuman – materialize the relationship between state and citizen that has replaced the founding vision: not service but domination, not representation but management, not consent but submission.

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Guess Who’s Getting Purged? How Chinese Citizens Turn Fear Into a Black Market

If you’ve ever wanted to know what Chinese political paranoia looks like in action, congratulations! The CCP just handed us the perfect specimen.

Turns out, Xi Jinping’s ongoing purge of senior officials has gotten so intense, so incomprehensible, and so secretive, that an actual underground market has emerged.

Chinese citizens are now literally paying money to access what appear to be leaked details about which officials are under investigation. Shadowy online groups claim to have insider information on the next wave of purges.

According to Bloomberg, authorities are playing whack-a-mole trying to shut these leaky groups down. But they can’t because the demand is too high. This is the price of the CCP making itself a total black box.

The purge market is just the symptom. The disease is that the CCP created a system with no stability, no clear rules, and no way to know if tomorrow you’ll be promoted or investigated. So citizens and lower-ranking officials are doing the rational thing: trying to buy information to stay ahead of the knife. Or maybe they’re just betting for money, like Polymarket for General Hostility.

This also reveals something much darker about CCP governance. It’s not like these are leaks from innocent whistleblowers. These are just corrupt people trying to navigate a corrupt system. Can they be trusted to predict what’s coming next? Buyers hope so.

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RFK Jr. Torches CNN’s Erin Burnett After Attempting to Discredit Affordable Meals Featured on MAHA’s New Food Show: ‘TDS Has So Debilitated’ Her That She Abandoned Common Sense and Basic Arithmetic

The far-left hacks at CNN are so terrified of the Make America Healthy Again (MAHA) movement that they have completely abandoned basic math just to attack Secretary Robert F. Kennedy Jr.

Health and Human Services Secretary Robert F. Kennedy Jr. blasted CNN host Erin Burnett after her program aired a ridiculous “investigation” attempting to discredit the affordable meals featured on Kennedy’s new cooking series, The Real Food Show.

Kennedy’s program, inspired by President Trump’s Make America Healthy Again agenda, features chefs preparing nutritious, whole-food meals for approximately $5 or less per serving.

But CNN decided to “fact-check” Kennedy by purchasing full containers of nearly every ingredient—even when the recipe required only a spoonful—and then charging the entire package price to one meal.

During Wednesday’s episode of Erin Burnett OutFront, CNN correspondent Tom Foreman recreated the show’s crispy salmon cakes with apple, white bean, and greens salad.

The official HHS recipe serves four people for approximately $5 per serving using frozen wild salmon—and even less when made with canned salmon.

CNN, however, claimed it cost $70.54 to purchase all the ingredients.

Foreman complained that HHS priced one egg rather than an entire carton, eight cents’ worth of red onion rather than the whole onion, and 40 cents’ worth of avocado mayonnaise rather than the full $11 container.

“Grocery stores don’t sell things that way,” Foreman declared.

Of course, the remaining eggs, onion, mayonnaise, olive oil, mustard, vinegar, herbs, and other pantry staples do not disappear after preparing the meal. They remain available for the next recipe.

CNN also disputed HHS’s salmon price, saying the network paid more than $24 for what it described as the closest comparable frozen wild-caught sockeye salmon, compared with the show’s listed price of $8.99.

Although the CNN segment acknowledged that HHS used “standard recipe costing methodology,” the network nevertheless presented its full grocery-store checkout total as the “real” cost of Kennedy’s meal.

Burnett concluded the segment without addressing the obvious distinction between the upfront cost of stocking a kitchen and the actual amount of food consumed in a single recipe.

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