AI Bubble: Bloomberg Confirms What EIR Readers Already Knew

After a multi-week selloff, Bloomberg confessed what insiders knew all along: the data center bonds of the biggest “AI firms” are essentially junk bonds. On every world market, according to Bloomberg, debt issued by the largest data center builders exhibit falling prices, wider spreads above landmark Treasury securities, underperforming bonds in the red, “among the worst performers in the indexes […]

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UBS, A Systemic Risk for Switzerland

Similar to the “Big Five” U.S. banks, Swiss megabank UBS shows a hypertrophic growth of its revenues in investment banking, while its lending activities stagnate. First quarter 2026 figures show a 27% gain in revenue from the investment banking sector and no growth for lending. In other words, the amount of fictitious assets has increased massively, while credits to households […]

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Jacques Cheminade Outlines a Devastating Picture of the French Economy

Jacques Cheminade, President of Solidarité et Progrès in France, was invited to address the party congress of the Civil Rights Movement Solidarity (BüSo), that took place in Frankfurt on July 11, where he presented the common mission of the two parties in this turbulent situation. Franco-German relations today, he said, are at a historical low level. “Our governments agree on […]

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German Intelligence Act, Another Big Step toward a Thought Police

While claiming to defend the “basic values of democratic society”, German political leaders and national security officials are engaged in a number of legislative projects that in fact trample on these values. Take the reform of the “freedom of information”, which would force persons or institutions posing a query on a matter classified as “sensitive” by the government to disclose […]

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Russia-China Treaty of Friendship Presented as Model for Sovereign Relations

On July 16, Russia and China celebrated the 25th anniversary of the “Russian-Chinese Treaty of Good-Neighborliness, Friendship, and Cooperation”, which both countries agree has brought considerable benefits to both. Chinese scholar Cui Heng reviewed those benefits for the Global Times on the same, stressing that the strategic coordination between China and Russia has proven “immune to attempts by external powers […]

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A Way Out of the War Trap

As we finish our newsletter, the conflict between the United States and Iran has flared up once again. The overriding issue is the Strait of Hormuz, with the original motivation for the U.S.-Israeli war of aggression begun on Feb. 28, namely to prevent Iran from developing nuclear weapons, has been kicked down the road. Clearly, the first bombing campaign did […]

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Europe Escalates against Russia

At the NATO summit last week in Ankara, the main concern of European leaders, in addition to placating U.S. President Trump to prevent him from slamming the door on the Alliance, was to secure more support for Ukraine to keep the war against Russia going. To do so, they apparently attempted a trade-off, whereby Donald Trump would renege on the […]

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NATO Is Increasingly ‘Palantir-ized’

NATO has proudly announced that it had achieved full operational capability of its Maven Smart System (MSS), a command and control platform powered by AI that speeds up response times from hours to minutes. What was not announced is that MSS is made by Palantir, London’s Times reported. It is already embedded within the British Ministry of Defence. Louis Mosley, […]

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The EU Tightens the Screws on Free Speech and Privacy

In the course of one week, the European Union has moved a major step forward into fully becoming a police state. On July 2, the European Court of Justice determined that spreading certain news reports is a criminal offense, followed one week later by the European Parliament, which approved on July 9 a continuation of “Chat Control 1.0” for mass […]

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The Tomahawks Could Turn into Boomerangs for Germany

It was reported on July 9 by German government sources that Defense Minister Boris Pistorius and his U.S. counterpart Pete Hegseth had signed a memorandum of understanding on the sidelines of the NATO summit in Ankara on the purchase of Tomahawk missiles and a compatible Typhon launch system for the Bundeswehr. Internal plans from the Defense Ministry mention up to […]

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